RE: Tax loss sellers keeping it down for 30 daysThe last big volume day we had ws Feb 28th when 32.7 million shares were traded. There were obvious crosses occuring as the share price didn't move much that day (high was 0.45 and low 0.42). It was probably sold from an investment type account and bought in a trading type account - this same buyer/seller could have been the one doing daily day trading to bring the price into the low 20s. Now that 30 business day has passed today, I would expect to see long term buying in an investment type account from that same buyer/seller if they are still interested in the company (they can now buy it for half the price while their trading account was the one to do the damage and bring the stock into the low 20s - buy day trading they could have managed to stay even or even made a profit and now they can buy double what they had 30 days ago for the same price) - the stock was definitely manipulatyed in some way to bring it into the low 30s.
Management needs to start advertising the potential of this company more and continue to focus on bringing more production online that will help them to generate cash to finance the CPO-1 later in the year of which they have a 50% share with Pacific Rubiales (along with the cash they already have - no equity financing needed, they also have "Letters of credit" available) - Pacific Rubiales has called this high potential and brought it forward to 2011:
See page 15 of Pacific Rubiales latest presentation:
https://www.pacificrubiales.com/archivos/investor/PRE_presentation_March_23_2011_complete_FINAL.pdf
"CPO-1 and CPO-12. 3D seismic, Bring forward 2011 drilling. High potential"