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.
the company has secured financing that in the stock market jargon is known as a "death spiral" type of capital funding. Any buyers of this stock are probably only covering previous "short sells." Perhaps, and just perhaps, an SEC investigation should be in order. It would be interesting to see who is doing the selling and who is doing the buying. Surely the two entities wouldn't be partnering up and playing the market and the real investors, would they?
This company has literally gone down the drain. Twice they reverse split the shares so that they can then have a lesser amount of shares outstanding which was supposed to assist with improving the earnings per share value. Perhaps the question is "what earnings per share?" Then they reissue millions of more shares to raise capital, and my guess is that pretty soon, there will be another reverse split. I feel sorry for the shareholders. I wonder how the newly issued shares for new capital are being sold into the market. Is there a stock sell shop that is calling potential investors and selling them on the virtues of this company, which has essentially performed negatively on most of their stated goals over the past five years? And why would anyone buy these newly printed shares? The only way to make money on this stock is to short the stock today and watch them continue to print more shares each week and buy your shares from the market as the issued share counts continues to climb and the share value continues to erode.