Novus Energy Inc NOVUF

PSN

[GLENN#]

Anyone that has been following the PSN story, today shows that the markets are really nervous.  Going from $14.00+ to $0.27 in a couple of months is a little much.  Fears of Nortel all over again I think.

 

This is oil's seasonality and there is not much going on in the oil markets, both in Canada and world wide.  Even with oil getting close to $100.00.  I'm starting to think cash is king for the next little while.

[counterintuitive247]

Glenn PSN is in a lawsuit what a disaster . There's some that believe there's crooks involved in not releasing AR correctly in a quarter press release. The company then later divulged there was a problem.  This example is not a very good analogy to compare Novus to. At least I'm not linking my market sediment on PSN.