First Titan Energy announced today that it has been approached by an unknown "established" oil and gas company, with unknown reserves, and unknown financial status regarding a potential merger. FTTN has a management (Robert Fedcerowicz) with no oil & gas experience to offer to the deal.
"A possible merger could result in new management for First Titan" - say it isn't so! - Robert has done such a phenominal job of bringing this company from $2.67 to $0.19 (93% drop) during the 1st 6 months of this year. Perhaps the new unnammed merger company noticed the headline of the impending 400,000 to 800,000 bbls/day well they hope to complete any day now: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_F/threadview?m=tm&bn=136041&tid=107&mid=107&tof=6&frt=1
You sound very pessimistic about a lot of these companies--do you know something we don't? Seems like a potential merger might actually be good for the company. It already has several working interests so, at least First Titan is working to get off the ground. These things always take time, you have to remember. Everyone's gotta start somewhere! I really think this one has potential.
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