Solid dayIt seems that people can't get past the fact that they sold 95mil units for $0.18 with option to buy $0.25 per purchase warrant. Would'nt it be nice now that they have leverage to get $17mil and buy back their public offering then this would head straight up. The offering is for 3 years and in 3 years this company will look completely different then it does now, too bad that you could'nt put a thing to the head of the unit holder and tell them to excercise the units now and just get it out of the way..but you cant do that. anything to get rid of the offering.
I dont know what people think, what are you going to do stop the SP from gains over the next 3 years while the company grows because of the units?
This is the reason that you have to go long on this one, They'll be releasing news on the progress of the 12 oil and gas wells that theyre reworking and drilling and then we'll know the flow rate and the outlook for production and this is all possitive news coming so you need to put a hold on this play and not sell and I will add more on any pullbacks. Right now the SP is in the hands of the investors, Maybe management can come up with a solution regarding the units and I bet you that they must feel some grief and wished that they came up with a better offering.
I will stand my ground that this is a great time for this company and the SP. JMHO
(always DD)