RE:Petroteqarh0070 wrote: Its pretty obvious why the fall happened .Two pieces of bad news released .one a reverse stock split and two production is only at 200 barrels per day and only rising slowly .
If that's it, investors are pretty stupid.
The reason for the upcoming reverse split is to ensure we can uplist to the NASDAQ, nothing else. What is that worth? Getting on the NASDAQ means much more media and investor coverage, and opens up the possibility of institutional money coming in. It puts us in the big leagues.
Regarding starting at 200 barrels a day, keep in mind that production is slated to increase week by week. We should be at 1000 bod within a matter of months. Now, let this sink in: US Oil Sands Inc. went bankrupt last year, after having burned through $60 million, without their Utah plant having produced a SINGLE BARREL of oil!!
And idiots are selling their shares of PQE? They will have years and years to regret that decision.