Makes me wonder if a split occurs I still am going to have a stock under a dollar. This week I am considering selling there just is no stabilization of the company not to mention nothing from managemnt on latest happenings.
I will wake you in a year have a good nap but a year is not that long, go longs
Sentiment: Strong Buy
This is where HR misses the boat, they need to get the price up by earning it, not by hurting investors here for the last 3 yrs.What a boat load of lies for them to tell you they have 2 big investors if over 3. If they do that the shorts will eat them and us alive bringing it down to a buck over night. It happens all the time.So you get 1 stock for every 10 then it will plummet what a scam. They need to drill, extract oil, sell the oil, increase the revenue which will increase the stock. This bs about splits when people say it changes nothing the value is the same, well I say if that is the case those 2 big investors should buy now maybe that will jump start this. If they split trust me it will kill investors today, it may help future ones but people like me we will be toast for being loyal for years.So I ask anyone when this is 40 cents they would need at least a 10 for 1, this is a perfect reason why people do not want to invest in small cap stories or the stock market. They just gave us shares and I thought wow a reward for loyality and now this what a scam.Hope there is a chance that this will not come to fruition. GL.
That is the problem, no one will short a .65 cent stock but watch what they would do to a stock that is 6 bucks. It will be down 3 very fast, so you see it will not be the same value,And I disagree with your big player theory they just had that South African pension fund buy in with 270 million, I would think that qualifies as a big player.Also whether it looks like a worthless stock or not, if its making money it will make money. If not then it is worthless, it really is that simple.Drill sell oil stock goes up. The real issue is why did they give us 1.4 shares for every one w ehave only to reverse split a couple months latter, that is what does not look right and that is why we are stuck were we are.
I could not have said it better myself.Shorts are going to fire.
Sentiment: Strong Buy
It will be share holders like you that will have nothing when you will not face up to the truth. If they do not increase revenue and reverse split no one will buy regardless of the price.If they have production and cash in the bank and significant explorational upside, well then there is no need for R/S. I have been here 3 years and never jumped ship, so your line about fueling a sell off are lame at best. And if they split no one will pay 10 bucks or 5 bucks for a unproven company. Now if they leave the shares alone and continue to post numbers and get the share price up by earning it thats a good thing. But if people like you think a business that resorts to accounting trickery which is all that a reverse split is well lets just say its not good for the common. Its not people like me that sink the price its the behaviour of its management that sink or increase the share price.Stability for the share price comes from performance and assets, but I am sure you know all about that or maybe you were off school that day.
This has lost 25% in a week, all because of potential R/S. If they cancelled this propsal it when be a buck overnight. C'mon , a week and its been crushed and it will get down to .40 ,still think thats good.Then it will split and the common will have nothing.Vote no!!!!!!!!!!!!!!!!!!!
Since you and I already lost 25% since April 14, I would still bail NOW! This will go down to 40 cents then split 1 for 5 and your investment will be,... 1620 shares worth 2 bucks apiece. I think this is a disister this reverse split.
It will not be 5 even after the split.We all are about to get screwed from this reverse split this is what caused this 25%loss already.
When this trades down to .40 cents then splits we will have little, as today shows its crashing already. It is s slippery ride to nothing now. Good luck
Listen folks a R/S is a disaster, I thought they believed in what they are doing , but the buy back is to control more votes. You do not want any part of a R/S there will be nothing for the common investor.
If such institutions can not buy to bad, they are not the only money. If this has the potential to take off it will regardless of them, and when the stock price goes higher they can buy then. A reverse split never works in favour of the common investors. Companies that resort to this type of accounting tricks are busted up all the time, its a last ditch effort to try and make a company look better when in fact it just gives shorts more leverage to bring it down.
Get em , this person is doing damage to this board.
Company may go up in smoke but the boats remain and go to someone whom will lease them out at loosing rates like the rest of the shippers, piont is glut stays the same.Hope DRYS can hang on but it is looking like a storm is brewing.