The people at Blackrock are strong investors who see value here. The company is moving along as planned. The co. owned rig is a great idea which saves substantial money, debt is now only $113mil, wells are coming in strong and the Eagleford property is probably worth a fortune. Although I am down a $1+ on the stock, I think B. Watson is doing a fiine job and people should let him do as he is doing. A bunch of short term traders may be stuck here but they should sell and long term guys such as myself be more patient..
I've been here a while ('09) and Bob Watson has had a lot of time to bring AXAS along. He is at best inconsistent; but I'm willing to put up with that...others are not. The line has been drawn in the sand by some heavy hitters and I believe Bob knows it. I'm still thinking he has untill at least the 2nd quarter report to show a substantial improvement.
Good news about Black Rock. With real players buying the stock it increases the odds of a sale. If the Clinton Group thought the value was north of $4.00 with $85 to $90 oil maybe we could see $5 bucks with $95. to $100 oil.