AOIL demand is not legit right now. I can't prove it but you can tell by looking at the trading daily that it was walked up and down without correlation to its value or the merger. I think there is value in Armada but not sure how much.
Both management teams believe AOIL is worth at least .60/share as AOIL sold millions in a private placement a while back. I think you can't bank on immediate results, this one will be a little stagnant and at the mercy of market makers. Its hard to buy more at these prices and after the merger more will start to make sense to us. Management will have to execute before 31 December 2012 to build confidence and optimism. I'm waiting.
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