Post by
drunk@noon on Sep 03, 2021 10:23am
I am always worried when their is endless unexplained
selling. That is selling that on the surface doesn't make sense WITH THE PUBLICALLY DISCLOSED INFORMARTION THAT IS. I always wonder what do the parties dumping milliions and millions of shares in the 25-30 cent range with half amillion shares on the offer day in and day out. I means why rush and sell your shares now when the long touted next vertical well is suppose to come onstream any day now and increase productution up to the 14000 bodp range---with another on the way that will bump things up to the 18000 and then 20,000 plus a couple of months after that. And with it annualized cashflow exceeding market cap. THAT IS WHAT THE AVG SHAREHOLDER THINKS WHO RELYS ON PUBLICALLY DISCLOSED INFORMARTION.
Then why the rush to dump millions and millions of shares for day after day, week after week.
THIS IS WHAT CONCERNS ME.
Comment by
Sunset48 on Sep 03, 2021 12:54pm
Thanks Drunk I agree with you 100%. Difficult to understand. I keep scratching my head when I see all the selling which I feel is not warrented. Can't seem to get any traction and the potential is there. Anyway, I continue to hold and hope for the best. Appreciate your posts. Good luck Sunset
Comment by
MorningCat on Sep 03, 2021 6:24pm
Some correction here: the next well is a horizontal well. Secondly 500k shares is petty change given it's current stock price. There's going volatility, so if you don't have the appetite for this, you may want to sell. Juniors are always perceived risky.
Comment by
Druchii on Sep 03, 2021 8:54pm
Agreed, it's just mom and pop trading