Replies to post #3694 on Gulf United Energy (fka GLFE)

[mdimport]

If GLFE releases a 10-Q showing something positive, then the circumstances are different. Right now the company is non-current with its filings and its not producing oil. The share price should be lower simply because there are greater risks of ownership.

The 10Q can be released and show positive
numbers! Anyone holding shares would see
their stock skyrocket!! Those without shares
would have to buy in at a much higher share
price. If GLFE strikes oil the share count won't
stop a massive share price appreciation!!

If traders want to speculatively bid the price up on a non-reporting company, that's their prerogative. They shouldn't be surprised when they take huge hits on a percentage and actual basis as the company fails to deliver. In this case, non-delivery extends to reporting and material development.