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Miller Energy Resources, Inc. Message Board

  • strongsburg strongsburg Oct 26, 2013 2:08 PM Flag

    No Friday night news release

    That is good news at least. I bought more shares Friday when the price dropped. But. I have to say this is going to be a very volatile week if Mill doesn't come out with an update on Monday or Tuesday. This lengthy silence after weeks of missed time line promises can only be 1 of 2 things. There are serious issues somewhere or a big deal is in the works and silence is required. The additional up to $75 million of D shares doesn't fit either scenario though. I cant believe they would sell those D shares then announce bad news. Seems like that would be opening the door for law suits. I also don't see why anyone possibly taking over Mill would want them to go further in debt. I will wait and see what happens this week. But have to admit i will probably will exit position with no updates from Mill. It is pure insanity to invest large amounts of money in a company that refuses to give up to the date status to their investors. I realize some of you are wealthy enough to not worry but I will bet you the majority of the people posting here cannot afford to lose large amounts of cash investment.

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    • I have been taking risks all my adult life,,,,and am to old to change now LOL,,,If you go with the crowd in the stock market,,like so many do,you will make a little ,or lose a lot,,Mill is a very unique little firm,but I am impressed with what has trans spired so far,yes I have a lot of capital tied up here,and on any weakness will tie up more,look past the numbers folks they are not what brings the big price always in the end.long and adding on any weakness!

      Sentiment: Strong Buy

    • invalid self imposed timeframe.

    • It's insanity to invest large amounts of money in speculative securities, period. Obviously each day that goes by without an update is going to cause more damage, and why? Because of anything real? No, because DV opened up his pie hole and made promises, twice, as to specific time frames, neither of which has been met. If he had just said "in the near future", or "soon", there wouldn't be any of this speculation. Totally self-inflicted, and another example of why this is speculative -- it's being run by a couple of security salesmen.

      • 1 Reply to ruby.thedyke
      • Mill was speculative sub $2.50.the speculation ended when the production went up.Russel 2000shows that small caps have out preformed the big stuff every year for the last 13.Anyone who loses on this one better go back to playing poker and learn to call a few bluffs,stick to your guns , and never quit when you are holding 4 aces...

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