GREY:CIMVF - Post by User
Post by
osmosison Oct 13, 2000 4:10pm
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Post# 2650379
PP
PPI am acquainted with one of the people who took part in the PP. It's my understanding that he sold a bunch at .26 to buy into the PP at .16, obviously a good deal if you don't mind the one year hold. Those who were in on the ground floor were given a chance to take part in the PP. I was shown a copy of the offer before it closed and probably could have got in. The minimum investment was $20,000. Some of the blocks that have been put up lately to sell 50,000 or 60,000 shares could very well be from those who did buy in. I'm hoping that is what happened because now there should be nothing to keep this stock from climbing. I keep hearing rumors that production numbers will be around 700 barrels a day. I haven't been able to confirm that though from anyone that I consider to be a reliable source. Also the horizontal well should double or triple that number.