would not be surprisedif a PP is coming in the .30 - .35 range.(or financing is going to tale place maybe through the PP)
The PP in Sept for 333,333,333, shares did not seem to go off at least as planned then there was a share consolidation plus leadership change.Then apparently there was another PP announced which closed on Dec. 22 in which insiders purchased a fair amount at .05( that is usually always a good sign).It would be nice to know if there were other big purchasers Then one felllow left a couple of weeks later only to be replaced by someone that played a pivotal role in the restructuring(He is with the Blackland Energy Group) Now all of a sudden the share price works up into this range and has been pretty static there. The people who bought the PP are up 7 times their money already not counting the warrants( I do not see in news release that there is a trigger other than date). Now at .30 it would only take approximately15,000,000 -17,000,000 shares to raise $5 million. On the other hand if there should be financing without the PP that would give the PP purchasures a lot of control.
Time will tell if my little purchase before take off was the correct decision.You know that Risk/Reward thing. DYDD