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movieextra

03/28/12 8:17 PM

#4101 RE: Cabrera76 #4098

Welcome! "Geordie boy" that's a good damn question! I wish I thought of it . I purchased shares after some DD, not going back that far. I would start with the company's financials for the year/s in question, this company seems to have up to date filings, so I'm sure the answers are there. Some of the investors that been around here awhile may help you save time with some quick answers. Let me know what you find ,THANK YOU! in advance.
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eaglesrule

03/29/12 11:37 AM

#4108 RE: Cabrera76 #4098

Welcome aboard, Geordie boy. Here is an extensive report prepared on GRPR by Remini Investments 27 April 2011. Quite a lot of information, background, assets, complete with photos, etc. Remini projected a SP of $1.77 at that time. I doubt anything has changed since then. Can't answer your question as to what specifically caused the collapse of the SP in 2010, maybe a combination of things such as change in management and change of business plan or something. Looks like the stock rose by about 3x value in April 2010 on news and then pulled back to previous levels (naturally); maybe panic set in by buyers at higher prices and then sold off. I'm just guessing on the sell off and reasons for that.

Anyway, looks like a good investment to me. Lots of potential for reward versus risk, imo.

Expecting news and good things to come to investors in near future. Good Luck !

Remini report link (pdf): http://www.gridpetroleum.com/reports/rimiinvestments.pdf