RE:RE:RE:Management continues to get believers .First tranche Well stockguru, if you look at the BS news releases from last year they had the pipe dream happening and they said they would drill(but no drill results or explanation as too why they didn,t drill) trenching by the the way is poor mans drilling FYI. The % amount of the monies raised last year that went to exploration is pitiful and exploration costs probably include accomadations and steak and lobster dinners.
Sure you can flip these VULTURE stocks but there is always bagholders at the end of the chain. Just look at the patterns that play(lPUMPING NEWS TO CLOSE A PP and then nothing until the hold period comes off on shares or they need to raise more capital to keep the office staff going and the dilution train chugs along again,then when you get up to a 100million shares or so you consolidate and start all over again.With oil so volatile these days easy money is made playing oil ETF,s instead of these PUMP AND DUMP PLAYS.