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American Biofuels Inc C.ABS.H


Primary Symbol: V.ABS.H

American Biofuels Inc. is a Canada-based company. The Company was engaged in the acquisition, exploration and development of oil and gas properties including biofuel resources in the United States and Canada. Its wholly owned subsidiary is 1205742 B.C. Ltd. The Company is primarily focusing on pursuing the acquisition of a business of merit.


TSXV:ABS.H - Post by User

Bullboard Posts
Post by Nemesis01on Apr 20, 2006 8:14pm
301 Views
Post# 10704210

No Respect

No RespectI'm surprised by the markets reaction and the share price of TAE. While the stock is very risky and highly speculative, I would expect the share price would have drifted up by a penny or so just on the current price of oil and gas. I think therock16 hit the nail on the head with the start of this company as a purchase of a publicly traded company rather than a grown company. I think the share price of TAE is discounted because of a lack of respect rather than the risk vs payoff that their competitors are evaluated at. That just means that when TAE has a couple of producing wells and people take notice this thing is going to go up fast. I'm ready! Good luck to all!
Bullboard Posts