Don't forget when it comes to misleading people, how about Glasgow? All those people who bought shares thinking the leases were active, when they weren't. People need to be reminded of this everyday. When the SEC finds out the timeline of Victory claiming they held the leases vs when they stopped paying for them, I would think there's going to be some serious discussions to say the least. This onion will be peeled sooner than later.
Also, after all your numbers corroborated by RRC, people forget they only get 11 cents on the dollar with that BS 15% of 74% net payout.
VERY Correct. If they get a check for $74k < VYEY only gets about $9k - so lets say they get $10k per month - that is $1.2 million a year - the current market cap is like 2 million already at these levels, and this is before expenses etc... VYEY is overvalued big time at these levels, Now if they get 20 wells online the current price would still be overvalued. They LOST $1 Million last Qtr and added like 50% to the OS shares or something. VYEY is overvalued IMO
A) The absolute BS with Glasgow,just wait... B) The huge expenses they refuse to disclose in detail using stock as currency c) The sale of 59% interest in the 6 wells that were producing revenue in a decent manner now shattered down to 15% of 74% like the rest of the wells. Where did that $3 mil go? d) The massive dilution from 31.5 to 56+ million shares almost DOUBLING the float.
Need I say anymore?
P.S. PrintMail: You meant 120K for the year at 10k per month, not 1.2 mil. Bad example though, they are banking 70K+ a month.