easy stock to manipulate. They can take it down whenever they want. The shorts are in absolute control.You must follow the easy formula.
Mill will be back up again but you can be sure it will not hold gains until and unless something incredible happens to attract a lot of attention and volume increases to the point where the shorts cant control it anymore.
The volume needs to at least triple or quadruple to at least a million shares daily. If that happens the shorts will get caught with their pants down.Then this stock will explode and there will be the mother load of all short squeezes the likes of which have never been seen.
Obviously they need to do something special for this to occur.
With a new well coming on every month and a half to two months, that should do it. I did not realize there were more possibilities to rework then what they have now, but it sounded like that during the conference call.
I for one, am going to wait until the six wells are producing again and then see where we stand, also by the end of the year we should have the first lateral well in Tennesse which could also be a game changer, particularly if they bring in a partner (Chesapeake Style).
Losts of possibilities here for the long term people and really not that much debt. The other issue is when do they get the third rig.