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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."

GREY:VFGGF - Post Discussion

VIRGINIA HILLS OIL CORP > so many questions and no answer
View:
Post by alexisdg on Jan 30, 2014 1:12pm

so many questions and no answer

Why all these insider buys at 0.40+
Why the board dont change the management team?
why so many fake promiss from wade and the team?
Why these stock still falling and going down? Debt?
Nobody want to buy this company?

I lost a lot of money with Pinecrest, but at this point what should I do?
Comment by commeilfaut on Jan 30, 2014 1:57pm
well if you did lost a lot of money already there's not much you can do beside to hold and waite. That's my take on it.
Comment by alexisdg on Jan 30, 2014 2:03pm
Thats what im doing! Its frustating to see the lack of news from the management team. Bonne chance !
Comment by nikehercules on Jan 30, 2014 2:27pm
Gents: Holding and waiting might not be a great idea. At this point we have no idea if waterflooding will make these wells economical. The SP indicates more pain to come. What is also alarming is the lack of information coming out of PRY. A "black box" mentality probably may mean no news is better than bad news. I should have recognized a big red flag when STP's IR department ...more  
Comment by Prof_JD on Jan 30, 2014 3:08pm
herculesman, or anyone here know when the next News release is coming out  aka: when the boss sits down and writes a nice poem to the bagholders here jd the prof-
Comment by nikehercules on Jan 30, 2014 3:45pm
SEDAR rules state you must report within 45 days of the end of a quarter. They waited until the last minute for the Aug. 15, 2013 Quarterly Update - that wasn't a spectacular update and around them time I bailed out of PRY. As of 14 days ago, we still know the decline has not been "arrested". I expect the quarterly numbers out Feb 14.
Comment by nikehercules on Jan 30, 2014 3:52pm
"SEDAR rules state you must report within 45 days of the end of a quarter." Sorry, it's 60 days for the venture exchange. Tack on another 15 days to my earlier date. 45 is for the TSX
Comment by bonjovi501 on Jan 30, 2014 3:13pm
nikehercules.........says it just right. You could sell half especially if you own a lot of shares. Better to sit with some cash then to lose it all. I do not own that many shares any more so what I lose I can deal with. Everytime you think it is to low to sell then this drops further and you wonder why I did not sell before. It is the human mentality. 
Comment by sscanner on Jan 31, 2014 2:04am
Hold your position PRY will hit $0.14 soon buy as much as you can, (make avg near $0.20) and wait. PRY will test $0.20  then sell all and get your money back and run. stock never go straight down. when you touch " Tsx Venture" you did gamble... not invest. you will get your money back in 1 year.. 
Comment by Joe454 on Jan 31, 2014 4:25am
This post has been removed in accordance with Community Policy
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