RE:Trouble in River City When the company releases a News Release on December 28th, while everyone is holidays, the company has nothing. They have no idea what they are doing and the share price reflects it. The bid price has been getting hammered the last few months. A year ago they were raising money at 9 to 11 cents. Now they are raising money at a third of that to stay a float.
Typically the first words in a press release are "happy to report", you didn't even get that in this release. Cr@p they drilling anywhere from 20 to 30 meters of junk before they hit anything.
Thats why you release your news on December 28th so no one will notice. Expect another private placement at 2 cents for further dilution.