When glancing at the chart, it is now flat lined for weeks. I'd say there is no more heart beat in this patient. Perhaps the nurse should show the Dr. the chart. Might be time to call the undertaker.
In April they filed that they did not have the financial means to pay for their 10K filing. Uh, did anyone turn off those lights? They have no more money to pay the bills. This company is done. Over and out!
Is the stock only being issued for sale through smoke house brokers who tout it to unwary invetors, or what? Or are the shares simply being issued and shorted knowing they can be bought back later at a much lower value? Any ideas?
not much in a way of selling short when it runs and buying back on the inevitable drop. Someone just needs to flip the switch on this, and notify the SEC of the incapibility of management to run a company. Well, I guess they did run it into the ground, again.
Let's think about what is being published about increased OPEC production and the potential impact on the oil markets. Has anyone considered just how this over abundance supply of oil is going to reach the market? A casual check indicates all major bulk oil transports are booked solid for a year. If that's is the case, then how is any over production going to get to market? After all, the production can for sure get out of the ground to the surface, but getting it transported takes tankers. And if the over production is even 1,000,000 barrels per day, a large tanker can hold 2,000,000 barrels. But the tankers are already contracted, and therefore what is going to be done with the over production from OPEC? Why is the media not looking into this?
Berts, the only play is to short this stock. Each week there is continued huge dilution, and therfore less value per share. So potentially the opportunity is to short and then buy back at a much lower price. After all, that is the only way the current shares have any value IMO.
Exactly. Been making better than 10% doing just that over the last year. And will continue until they get the production down with some supplier and then the stock jumps big time. Win, Win!