TSXV:VER.H - Post by User
Post by
operator5on Jan 26, 2011 6:26pm
298 Views
Post# 18031595
funny...
funny...I think it hilarious the fact that this company's biggest weakness in the minds of many is that the management aren't good enough at promoting and hustling shares, and this is seen as "disrespect", although I can see how that might really suck for day traders. Frankly, I don't think there is enough float or volume here for anyone serious about flipping and day trading. It is way too small. The only way to make real money here is if they have a solid deal that works well enough that it is a target for acquisition by a big boy with plenty of blue sky. Flipping around for a dime or two on a quarter million shares a day isn't worth the time for most people. Why bother? This is a strategic front end bet on the Alberta Bakken. A pure play. In the short term, If the deal goes through, and the financing terms good, there might be a quick good out. If the deal goes through and the financing terms tough, maybe a wash. If the deal doesn't go through, these shares aren't worth a penny. Long term, if the deal goes through, regardless of financing terms, this could be a home run or it could be a fizzle. The key there will be whether management can sell it at prime prices to the big boys, not whether they are good at pumping speculation. At least we know Vecta Oil and Gas knows how to do that. I am in this purely because the acreage position hinted at and the price it seems Vecta might be in it at.