I am averaging down instead of taking the lost. we all know that Cak has lots of oil, just that have not been tapped. Moreover, they show in the ppt that they are acquiring more oil and gas field this quarter. no reason to sell off unless you can't wait, weak hands or maybe you think this company going to close down. we all just need more drilling to go up. my average cost is now 1.09. see if possible to average down more. What's your take for this company?
About 91 million shares tied to Kase total- remember his other company (Kase owns 100% of) makes up most of the 61.28% inside ownership. The institutions are about 5.30% Blackrock, Vanguard, and Wellington etc.