GREY:PRBEQ - Post by User
Post by
westcoast1000on Mar 14, 2016 3:39pm
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Post# 24656940
wrong, biggie
wrong, biggieI do not agree that this stock is a disaster and that we have a lousy management team. They made money last quarter in a catastrophic energy price regime. They have a flexible strategy that involves both well services and production. They have completed drilling a new major well. They have over 85% share ownership by insiders including 80% by the chairman of the board.<br /> <br /> Their incentives are aligned with ours in broad terms but if the price stays down, it does not really hurt them right now. They are not doing anything to bolster the share price, except for trying to run the company effectively in diffcult circumstances.<br /> <br /> End of April will bring year end and Q 4 results while end of May will bring Q1 2016 results. <br /> <br /> The price will go up when there is a reason to buy. At present people feel like they will be able to get shares for .03 and see no reason to buy. But recall their are only about 25 million shares outside the hands of insiders and when there is news, the price will climb fast.