Reconnaissance Energy (Africa) Ltd V.RECO

This Don’t Look Good

[Oregonduck]

The stock market is looking like the 2008 subprime meltdown being revisited. This time it is the 80's stagflation. Goldman Sucks said such environment is really bad for stocks. The self-promoting diva Cathie Woods is being slaughtered by wall street. Crude is skyrocketing and RECO is doing nuthin' ?? Sure, it is just a penny exploration Co with no oil but vigorously being pumped up as holding 120 billion barrels of oil in ground with year-end production bullet-proof...lol

The deal with Namcor could snarl RECO under the ambit of the Foreign Corrupt Practices Act  as looking like influence peddling. The two $million cash plus 5 million shares to buy back 5 percent that is free to Namcor?? The Class Action lawyers will have a field day finding out who negotiated that sweet-heart  or quid-pro-quo deal that even the Govt disavowed knowing. Delay is a red flag. As one wise lawyer specializing in foreign bribery cases said if it looks bad, don't do it.

[yrmac]

since you have psted sp jump .04 cents

[pacer001]

Mr. Duck, I have to agree with you on many of your points except for Recaf. That is why I have moved to short the market with UVXY, SQQQ, REW, SDOW, etc. An old Greek myth has a character flying too close to the sun, melting, and falling back to earth; that is Cathie Wood. She and her followers bet heavily on high bs stocks with no underlying value; at least Recaf has the potential for big oil in

[BebeRebozo]

You are speaking of Icarus of course. I watched the tech markets melt down in 2000-2001, and saw the same thing about to happen again.  Cathie Wood is a prime example of how a cult mentality can cloud the judgement of even the savviest investors.  I had an investment advisor put me in some Ark Fund without my permission and I had him sell it as soon as I saw what he had done.  He