Post by
Carbonbull on Oct 28, 2019 4:38pm
explains why no inside buying
according to news release still an ongoing process , i have bot and sold at least 50 oil and gas properties over the years , never seen a process take so long , unless there is a key dispute on validity of reserve assumptions that needs time to resolve or another well, from my perspective there are plenty of wells in the west section and an abscence of wells in the east , let some one else spend the capital delineating , sell the well proven puds (no pun intended) and move on return capital to shareholders or kill process announce business plan in moving foward and get some inside buying on the tape. 2 to 4 million dollars should clean the market to nrth of 50 cents.
Comment by
Carbonbull on Oct 29, 2019 1:03pm
i know how much i own and my friends ,I estimate the public float to be less then you , for sake of argument lets say less then 150 million shares , so soaking up another 30 million shares at a dime will be a great buy if you are aware of significant blocks for sale please alert me. other then that content to have my bids hit at this level
Comment by
BrokerG on Oct 29, 2019 1:40pm
Hello carbonbull I am using Barron's and Morningstar for my shareholder calculations. Harrington - 40.77 million shares Livermore - 11.95 million Insiders and Board - 16.54 million Mutual Funds/Money Managers - 1 million Total - 70.26/240 = 30% Therefore, the remaiing shares of 170 million or 70% are public float. Can you provide your estimate of a fair selling price?