RE: RE: New presentation on website Houndtrader......
Sometimes you really surprise me ...........I think I heard you printing the same tired line about two years ago.
" should I buy more now or wait " .....how many times .? hundreds if not more times....
You should own about 50 million shares by now if you actually bought everytime you said you were going to.
What , do you possibly see in this POS stock..........With the fact they keep pumping less OIL from Kom Ombo and after two years are pumping less OIL than when they bought the concession for over 50 million.
Lets do the math ...Buy a concession that produces less than 850 BOD for about 50 million dollars.Drill a dozen wells and try to frac half of them....End up plugging the sand so that they pump less OIL than when they bought it.
So being good business people , what do they do ? Well ! They buy more ......
How do they pay for it ? They dilute to about a billion shares and finance it with bonds or anything they can think of to get guys like you pumping it so others buy it and keep it over a penny.
That is where this thing is going ............A PENNY !
GEEEZ ! STOP telling people you are buying this POS because we all know , you are not buying it !