RE:RE:company destroyed its credability in one releasei think the price is going lower because there is basically no catalyst to encourage new buying as other than running the two wells there will be no action until roughly the end of june.
fast money is moving out because the play is dead short term
now if you can pick this up with fresh money in the .50 range with 1.5 million of cash flow per month you are going to be sitting in a good spot as news comes out over the summer.
i may add more in the .50 range but for now a i am on the sidelines and will let the carnage play out.