RE: RE: RE: RE: Ok, I'm going to ventHere's what I'll say,
If you think management buying stocks is a good sign, because management is invested in the company, change your thinking pattern. This is nothing less than a publicity stunt. Any serious money can easily be diverted and invested through the sidelines, and this is done daily in this "ethical" world we live in.
Oil prices. I work in the North American real estate industry and speak with manufacturers everyday. Manufacturing is down, manufacturing is dead. The demand for oil is low. More fuel efficient vehicles are in the market. There is plenty of oil in the world, the price is being controlled right now. The demand is lower than ever.
The stock price... obviously they are bleeding this story for as long as they can. It doesn't matter if this is a success or a failure, because the involved parties are going to make money either way. For every $200,000 Richard puts into the company, I wouldn't be surprised if his associates are making $2 million dollars. It's a write-off in my books.
We all know the story is great, it could lead to something phenomenal. I'm in right now at .28 and .25 (not .30 like Craven keeps ranting away). I've bought more at .195 as well. But one thing I'll tell you is, I wouldn't be surprised to see a new range developed, and new up and down waves. Probably in the .18-.245 range for a while with the news - so they can keep all those .25+ cent bag holders waiting for the big pop.
The institutions will make their money riding the wave, and the everyday investors will sit tight, after all, it's a great story right?
-Millionvester