Hello germanium 123,
James Cerna is quite the lucky guy. He founded NetCurrents and made a killing from stock sales. Hard to know how much exactly. He also owned many shares of Lucas Energy maybe at a low cost-basis even if the stock price declined.
I see some correlation in his experience with NetCurrents and Lucas Oil in working with Reverse mergers, financial accounting, and SEC reporting as I see in the recent MESA/AOIL Merger.
This tells me he is the man with the plan and maybe CEO Randy Griffin and the board directors have been sold on the promise that there are fortunes to be made by them.
What many people fail to see is that these OTC companies are not the likes of MSFT/DELL/GOOGLE. Founders, directors, institutional investors are the ones in the best position to make money. Us small time investors can only try to jump on their moving train.
In the case of the new AOIL. Randy, James, the other large shareholders, and maybe a few unknown institutional investors holding shares of former AOIL will stand to profit the most. They are the critical shareholders of this new company as was seen in the recent proxy vote that lasted a couple of days.
All any shareholder can do now, is sit back and wait. It is entertaining to be involved to try and guess what outcomes may be in the future and hopefully profit from any success.
The recent appointment to the board also has M&A experience. I suspect the stock will be reversed split as you have suggested. This may not be a good thing in the long run. I rather see it sit at 50 million shares outstanding and not 12.5 million. If they were to reverse split my guess would be a stock sale in the future to support a ramp up in operations or another merger.
This could be a long-term hold as it is. Hope the economy and commodities (to include oil and gas) don't take a big hit, otherwise it won't be worth the wait.
good luck.
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