GREY:EGDFF - Post by User
Comment by
DoubleManon Feb 22, 2008 2:23pm
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Post# 14529111
RE: Stagnation for the last six months
RE: Stagnation for the last six monthsFeb 7th NR anounced record 4th QTR drilling along with 121% increase in equipment with additional increases for 2008...these numbers are most encouraging but the $dollar figures that are needed to confirm success of the operation are being held back...
As long as management at EGD hold back the financials...this stock is going nowhere...in fact there is now selling pressure...skiddish markets make nervous investers and this behaviour is not being received well.... some investers getting leary and starting to suspect problems...here are big blocks of selling orders sitting between $3.95 and $4.00 (over 150,000) which tell the tale..
Most large corporations have long since reported their Q4 results....EGD is micro cap size and IMO there is no need to take this long to release statements...frustrating.