Nobody noticedthat almost 50K shares traded yesterday and most were at 11 cents...it may be nothing and we will see today if there is more nibbling...
the comoany is fine with $$ in the bank and has a minimal burn rate - and the balance sheeet should improve (not weaken) with the price of oil where it is now
My guess is NIS will simply buy it all and EW will be absorded and we will all do well OR they become a true royalty machine with their 15% interest in 1MM acres of possible oil discoveries
IF we ever got coverage from some of the research groups we could be closer to a buck if they uncover and present what a few of the regulars on the baord have found through sniffing the NIS reports
As for the Shareholder group - they should pursue places like equity guru and small cap power and present the EW story - you never know it may get some free press?