RE: RE: RE: NEWSJust a temporary ding. I'm down .10/share on a few hundred thousands shares. I'm still smiling.
Bottomline, Sonoro needed money to continue expanding operations. They sold 5 million shares at a discount. The market is reacting - looking at the issuance price and adjusting.
No big deal. Panic sell, the share went down to .22 temporarily. The big picture is, now they have the money to build their top wells and start pumping revenue sooner than later.
As a shareholder, I am ecstatic. Minor share dilution, once the oil starts flowing, the share price will exponentially multiply.
-Millionvester