RE:RE:RE:RE:Something to Ponder for all us Faithful Longs
Every stock i've owned that had a reverse split ended up going down to the pre split price...Frankly with drilling so far down the road and no imminent announcements i really don't see whatt will prop up the price of the stock.
With the licences renewed and the reverse split we should see some investor confidence in this stock and one would have thought that they had some good news lined up.
We used to complain about how little the old management did in the way off communicating with us as to what was going on..compared to PRE old management were blabbermouths.
How is it that they see the stock going down almost every day and not a peep comes out of head office...even worse than that but from what was posted by those that communicated with the new Charlotte this new guy is a peesimist compared to the always rosy picture charlotte put out...can't we have a happy medium in the disclosure department.
I know i sound very negative and i apologize for that but after 14 years i'm getting tired of how poorly everything has been managed....I had hoped PRE would somehow be a bit better in that regard.
I'm still long and you'll need to pry my shares out of my hands untill this thing is either dead in the water,or we succeed in finding oil or in the worse case we are forcibly bought out.
Don't get me wrong.I'm made some monies on this puppy playing the ups and downs and sold a bunch back at around 4.00 ....but i'm emotionally invested in this stock and want to be around so i can say you see there was oil there and i stuck it out.
That plus i'm constantly getting hounded by friends and family that bought this stock on my recommendation.