I thought the CC had a chance to be something special. While it wasn't bad news, it obviously wasn't something the market thought was seismic.
That said, the stock seems to have found it's floor and, this is where it gets good, is prepping for the big move up.
Think about this, the company is well-funded, pun intended, and moving rapidly toward its goal of 100 or so production wells.
A lot of institutions have lost a LOT of money betting on FEEC---just look at the chart. But think about this, all that money was put to use and WE GET TO REAP THE BENEFIT FOR ONLY .11 or .12 cents a share.
Lots of dilution, yes, but PLENTY of opportunity to triple, quadruple etc your money.