RE:If you want additional insight on what Ascot is up to...Do they have pictures of men and or women with one covering their eyes, another covering their ears and the last one covering their mouth?
The more I think about this entire situation I would have liked to see them bought out rather than issue another 64 million shares.
Even at $1.90\share the high in the last 3 months plus 20% or so. Then we could participate with a major who would still get this in production and they wouldn't have had to buy out the additional 64 million shares.
Maybe Aunt Mary, Uncle Bob, Cousin Jed, Brotherinlaw Frank and whoever else had to be rewarded knowing this financing was coming. Maybe there was millions shorted the last few months. Krikeee I would have loved to sell everyhting at $1.00 ( create a tax loss) and buy back at .85 cents. Sure would have sold the farm if that was known. Not saying it was but I've been around enough to know the inside games.
At this point all I want to hear is that they will have 7 rigs going this June. Then pray for some big holes.