Since the missed drill hole in early May 2012 Further to my note the other day, I went back to check the total trading since CGX announced they missed on the latest drill hole. The stock plunged from over one dollar to about 50 cents. rallied a bit then worked it's way down to the current levels after PRE announced the investment , first at 14 cents, then 10 cents. There were approximately 304 million shares traded at an average of about 27 cents. Under this view, one could possibly conclude that there is a lot of original long term shareholders that left the potential party. However, one does not know how many shares have been traded several times. If the average share changed hands three times, it would indicate that about 100 million real shares traded by long termers. In any event it is all a guess. All of the negative comments don't seem to make sense at this juncture. although long termers have lost a lot of money, those who bought a lot more stock based on conviction of the play, will be huge winners probably. This is a totally new company with new shareholders for the most part. Shareholders own the company, Management runs the decision making part of the company. Now , CGX has great decision makers who know both the Oil market and probably the stock market. When the rollback occurs, there will be 78 Million shares, plus probably another 40 Million Wts owned by PRE which will bring in a lot of money, then I believe the other investors in the recent 10 cent issue will have about 2 million Wts at $1.70. In effect the old shareholders will need big money over probably $5-10 just to get even. If PRE hits on a well, that will happen The next couple of years for CGX will be interesting one hopes. We have already had the negative, now comes the positive. Negative thinking is for losers has been my experience. Go New CGX.