Replies to post #314 on Armada Oil Inc (fka AOILQ)

[Thanksforplaying]

I agree. I will be unloading too. Good luck to those who stay in. But this is more of a chance to go to 0 then back to 50 cents


With these junior oil deals they need to have lots of cash on hand or some profitable wells to provide rev to drill eleswhere. If you dont things can go bad quickly. All it takes is a few bad holes. Then ypu have to put on debt or dillute current shareholders. Aoil has way too much debt now. They basically have cash to maybe drill once more and if they miss its all over. Stock will be at a penny like so many other junior oil and gas deals. They better do something quickly as they will run out of cash soon

Good luck everyone

[biztech]

I think the issues with the business plan are unfortunate. It isn't just Randy taking losses here, so are the prior owners of telefuncte. They are waiting on the growth play but it is taking too long. I'm sure they all had big expectations as we did.

I also did not want to see them put all their eggs in one basket in Oklahoma and now they have to go back in with the risk of losing again while low on cash.

I'm not sure I can move on right now without any buyers out there. Good luck selling.