RE: RE: RE: re. 3rd quarterHummm. Let's see. Using Adam Waterous words when he purchased NBZ " John and Jim have done a remarkable job. From scratch, they built a mid-size oil producing company". NBZ increased the stock value for investors, put in place a very generous, sustainable dividend, even when the price of oil was falling. Then sold it at a substantial profit when the time was right. This is the definition of bad management!
The purchaser of this company immediately changed a good, recognizable, (for reasons I do not know), name, removed the dividend, stood by while the value of his investment fell by 43% ( approximately $150m), then watched as the stock price floundered even when the price of his product increased by nearly 20%. This of course is good management!
I have bought and sold this stock all the way down. It seems to have resistance in the lower $2.00 range. If I sold now, I would lose a substantial amount of money. I will hang in there until frustration wins out over patience.