Thanks for the info Mike. I'm an ex stockbroker and my guess is the 1 cent trades were wash trades for one company or person to get a great tax loss as they moved the stock to another company (all owned by the same person or people) Give the broker a better deal to pull it off (or they own the broker firm also and used this to get a tax loss AND also better fund the broker company it becomes a -win win win! TRIPLE WIN!). No one is that stupid to sell that few shares for that low price without a specific motive or motives(s) behind it. Tax loss, Fund the broker firm, keep the stock position. NICE!!
Further-what a great news release in 9 months after this winters work to expand the reserves or other extraction processes get going! Look!!!- this stock is up to $1 and it was a 1 cent stock! Look at us moving forward. ON the negative side-the lower the stock does trade-the easier for insiders to take advantage of funding with warrants and options at stupid prices as they load the boat for themselves bleeding money to the company and fully knowing we are sitting on over $1 BILLION in oil in the ground and it could easily grow to $2 or $3 BILLION in reserves as we expand the drilling program and/or the extraction process get more efficient and productive. No matter what-this stock is a screaming BUY! As we enter the tax loss period of trading-It could drop to 5 or 6 cents/share. Just more reasons to load up some more. Take Care
Wyatt, you could be right, I think it was a mis trade personally and I thought they would cancel it but there it is on the 52 week low, all on one trade for 14 dollars. As I said they need to get off the OTCBB but last time I talked to them they said they didn't want to spend money on that. Hope you're wrong on that .05-.06 though!!! Take it easy.