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fLUK3

08/20/12 1:07 PM

#7436 RE: PeteArjean #7435

Ask yourself. What exactly would a company let alone a country buy? They have no assets, no cash, and only a percentage interest in a few pieces of property.

The lack of interest in the company is just what has already been talked about. Currently they have only a 10% interest in a well that could be getting ready to produce. After that they have no assets or even cash to try to explore/develop the properties they have a percentage in.

The only way they are going to be able to buy or fund anything in the future is to do what they have been doing and that is giving out shares of the company which in turns dilutes the market and keeps the pps lower.

As a traded/"investor" these are things you should already know before putting your money into any company.
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powerbattles

08/20/12 8:19 PM

#7469 RE: PeteArjean #7435

TA GAGGED. Not a good sign.