RE:RE:RE:RE:Art owns 11 million shares. It's true. No big shareholder value, we all expected well over $.50. Plus I thught the plan was to drill and bring wells on line all year. weren;t we just reading posts about well 9, 10 etc and how the cash will flow.
Isn't this halt in drilling a big surprise to everyone? I'm surprised, I thought the plan was drill and put new wells onto production all year.
I have a feeling this stock will drift lower and lower, we'll see .20s again by year end. Hard to know if shareholders got fleeced here. I'n sure Art has sold millions of shares in the .30s, as he has every right to. So now her added another mil to his bank account he has taken his foot off the gas, and is in strategic thinking mode. Leaving retail shareholders who don;t have the million waiting for the big opo to cash out. I sold most of my shares months ago as nat gas prices fell. I have a bad feeling about this. If I still had all my shares and warrants I'd be pissed. Something fishy here.
This halt to drilling I think it totally out of the blue. They don't have the $, Art can see that wil low gas prices.