Novus Energy Inc NOVUF

RE: RE: 1.09 to 0.71 - Answers?

[GLENN#]

Yes, the world events is driving the market down and I have been watching some stocks loose 90% of there value; but Granting Stock options because someone 'gets a cold' doesn't help.  Also the lack of information from the company doesn't help either.  Why should someone buy Novus over another stock?  I can find 7 - 10 oil stock that are in the same boat. 

On the plus side, it looks like we have found a base.  We are entering the summer season were volumes drop.  I expect a good run in August / September unless there are world evens that make a change.  But expect resistance at $1.10.

Fair value is only what people are willing a buy / sell at.  I can't see anyone selling at this price and turning a profit.  Maybe that is why there is lower volume.  No Buyers!