RE:RE:RE:Still on life supportFortunately I did get out with a profit but after watching the continual cash burn , no new good news and nothng on the horizon but endless broken promises by the CEO, continous new share issues and the outside firms being enriched by lucrative contracts ( do your homework on these issues) this went into the pile of litter.
If you track success by contiunual good news, increasing cash flow , good future prospects I don't see how anyone could see this anything but a waste of money. Due diligence is more than CEO promises, its facts and a future and this one has neither of those.
If you define failure as reduced stock price, continual share issue to keep the lights on , broken promises and no solid prospects then this one fits in that catagory. When a company pays the bills by issuing new stock instead of results then anyone has to question the viability of an orgnaization.
The definition of insanity is doing the same thing over and over and expecting a different result.
XOP falls squarely into this catagory.