Post by
ScarletSpider on Oct 14, 2022 10:08am
Well That Didn’t Last Long
close of .345 yesterday and now back to .31. Nobody cares about the conference unfortunately they care about the company having the goods to deliver with as well as knowing the rates of oil flow. When all is said and done this is back up and running will it be still more of the same with not giving retail shareholders the rate of oil flow? I think that is stupid that the company doesnt do so becaus others like Prospera do and even pqe did when it had limited success in establishing a 500 barrels per day testing run as to my understanding and that probably got people interested to offer a hostile takeover price. I don’t think it is unreasonable for people to have that knowledge and I can see why they will be as one poster said about another being “miffed about it” retailers have the right to know and should be given that knowledge regardless of what the oil flow is. In any case that said the stock was trading way too low for six months continuous heating and is trading low relative to that now had it traded properly then....just my opinion whether people share it or not. In any case this will only likely have a lasting upward price appreciation when it is back in production. Everything else while essential and instrumental for the company to grow will not especially when there isn’t any solid follow through. September 7th was the hydrogen announcement if I got the day right this goes as high as .47 despite still waiting on the repairs and crashes to where it is because neither was there any follow through nor the repairs finished or even stated a progress as to how it is coming along people don’t like that. I think if the company gave some sort of mention not necessarily a fixed time possibly an estimate as to how much longer or where they are at we will know something vs nothing. Having said this now around two and a half months in and depending on the supply chain I would gather this should be getting towards the tail end of the whole thing but without any type of word who knows for sure? Let’s see how the sp reacts when the news the company is back and business comes and what type of impact not disclosing oil flow numbers will continue to have. I don’t know if it will keep the stock moving to more than a buck or not and despite saying it should be disclosed to everyone how important that is versus saying and showing success with partners and or others interested in the tech. I get people feel without oil production numbers it seems like the company has something to hide and any company should not do that as it creates lack of trust. I think ndas on the whole average should be thrown out but I am for proprietary tech and trade secrets of their composition to be confidential but not that people are testing or working with others that has to go. In any case like I said all these things that create uncertainty price fluctuations will continue to operate it is my job to manage my shares where I am always ahead by strategically holding. Looks like it will be leave this in the drawer and simply kick back and wait closer to Christmas lol. Maybe sooner who knows for sure until tangibles are done this will trade low maybe mid .30s what a shame that this company didn’t have back up parts when they should have known better rookie mistake for a very smart company.