Even I'm taking a bath, I thought arw was safer than PRE
With that being said, for some reason, it don't bother me. I truly think 80% of the pressure on arw, is from oil provinces It's very bleak there, I am sure now many can understand the usa down turn of 2008. I too thought the world was going to end. I guess there is no need for crude anymore. In fact now the whole world is independent of crude, yup I'm throwing in the towel, my investment of 7 weeks did not turn out...I'v been taken advantage of, never again will I invest, I am telling all its a scam lol.This is talk of a born loser. Even if arw gets their finacing, I hope to hell they do not start drilling right way. Arw can pull up the biggest oil deposit, the stock market will say...who cares. Even if arw have millions in the bank, it is not wise to spend. The name of the game right now is survival for each, & every oil company big or small. I think it best to stay dormant, do nothing...when oil picks up, all the oil companies that last in these difficult times will be rewarded huge. So the question is worse case scenario does arw have enough cash only to stay in business, cut all expenses, ride this out over the next 18 months. Btw I am not getting anyone else to buy. I will be putting some bids in...if I can ever get a penny, I think in 2 years I'l have a buck, sightly better return than pre. Good luck to all!!!