I'm alive but my pain is real, I'm still hoping for 1 good well cause we need to get over a dollar or else we all know what might happen. I plan on buying a few more shares in the near future but not until the price stops dropping which I read approx. 2 weeks ago where they said the support was at .52 which I never taught it would've dropped that low so here we all wait.
What might happen if it doesnt get over a dollar? If your talking delisting then this is amex there are alot of these companies under a dollar it will get back up the company just needs to pump this up.
By late spring i think this will be back over a dollar Macon. I am hoping the loan receieved at very favorable terms helps them get more wells online, and increase production. I am surprised actually they could get a 740k loan at 5 %. If oil stays at this level it might well be 90 a barrel by April. We had a drop from .86 to 40 in a month before only to have it rebound. They need to start showing shareholders profitability, period.