RE: hand wringing & brow beatingPortx10,
You're a flippin looney. Calling Jcvh, whom I openly admit to not seeing eye to eye with, a 'brainiac'is plain hilarious. He's forgotten more about Lak Ranch than you'll ever know, lol. You're like a flamin pitbull, poised and ready to attack anyone who disagrees here. Good luck attracting new investors that way.
I have a serious problem with the way you are trying to value the company. Valuing it based on reserves is 'not on', chum, frankly, if that was the choice valumetric, then we'd alraedy be up at the lofty prices, because it's obvious to virtually everyone that yes, there is between 100-200 mmm barrels at the Lak Ranch... maybe more, who flamin knows. The problem is this, the market is NOT valuing Derek this way, they are valuing it based on anticipated production... if DRK is producing 10 FLAMIN barrels a day, what's that worth??? Apparently 50 cents a share.
You are also being DISHONEST with your numbers. We do NOT have 40% of the project.. maybe 36% if we are luck. We DO NOT have 35 MM shares outstanding. We have 40 and more realistically 50 once another round of OPTIONS/PP are passed around.
Keep it #@$^# Real, bro.
Cpac.