Canadian Oil Recovery & Remediation Enterprises Ltd V.CVR.H

RE:What happened?

[Ethanbrodie123]

I hear you.. I have about 20 000 bucks in it.. I had about 10 000 before the contract announcement and increased it by 10 000 because I thought financing issues would be minimal because of this. (they would be generating cash flows as opposed to virtually none.) also, it validates their ability to win contracts. I also see that the CEO buys all the time shares on the public market which historically is a very positive sign.. it does say purchased indirectly which maybe a seperate trust or something is buying it through him? Anyway I did call them a few days ago and there were 2 guys on speaker.. They seemed really upbeat and told me if I have any questions at all please do not hesitate to call.. They said everything is on track.. whatever that means.... I would suggest to give them a call tomorow and ask about when they would run out of cash if they do not get any funding? and what about the rest of the financing they were supposed to get from this "shareholder" in september.. I think i'm going to call back and ask that question if you don't.. 

Anyway, I think after the call, you should make the decision... The market is basically saying it is a very small chance of success given the market cap is only at about 5 mil.. lol Its crazy to think that a company with the potential of corre has only a market cap of that amount. 

What makes me stay in it as well is alot of the company's directors and management has given them a interest free loan.. which tells you if they file for bankkruptsy, they could get their money back or, they believe the company has great promise.. I wouldn't mind talking to the CEO... 

That is actually a good idea if you could ask to talk to him as you have quite a bit invested and are thinking of liquidating.. If you dumped 100 000 dollars worth, honestly, the shareprice would probably be at about 2 cents.. lol  anyway good luck and keep us posted...