Twin Butte Energy Ltd TBTEF

RE:RE:RE:Transformed Low Cost Operation

[Piranha7]

las5513 wrote: I agree with you "wittmann" it's not what you see it's what you don't see that's the problem here. The current trading is just a few gamblers playing this thing for pennies and many of the positive comments are mostly wishful thinking. Although I would like to see TBE recover somewhat I'm not convinced it will happen but at the current level I don't intend to sell I might as well let it go to bankrupt if that's how it ends.

Las, if i may take it a step further; it's not only what you don't see, it's how different people interpret what they don't see. for you, you're saying the activity is due to "few gamblers playing this thing for pennies". in reality, since the Dec 9 NR, 58M shares have been traded, at an average price of 0.095 and for a value of $5.5M. i don't interpret this volume or this money as being day traders or a few gamblers flipping a penny on TBE. and mind you, those 58M shares where all sold at a loss for their original holders. i'm with you that at this point, if ur an old shareholder, it doesn't matter if you hold and this goes bust or not, as you're already got ur balls squeezed from the highs of TBE. but for the 58M new owners of this stock they see an opportunity buying at those low levels and they even have a higher tolerance to see this double or triple or go bust. so the risk/reward ratio if someone bought at those levels are pretty decent. now coming to a more important note, about oil price, i'll write my interpretation in a second post.