Stock is falling 10% over a 4.3K trade. that's about 600$!
the reason the stock is behaving like that is because most share holders don't want to buy more. but my guess is that they neither want to sell and this is why this stock is traded at an av. vol of 84K or about 11K$ a day!
The good news is that in case some big investor would be interest in buying more stocks it could very easily double it self in a single day. and keep doing that for a straight week.
man.. I have news for you.. when you are buying traded shares it doesn't add any money for the bank account of the company or the CEO salary. As the CEO is holding about 15% of the 160mil shares he is the first to loose when the stock is crashes and most likely he has much more to gain if the company will do good than you..
As I predicted, The NY ban was THE shifting point. NOTHING would be the same and the pressure to ban fracking WILL KEEP growing exponentially. due to artificial low oil prices the hole industry is in shut-down mode (estimates are that the major oil-field servicers have announced job cuts that will total 20,000 in the first quarter of 2015.) once this trend will flip, quickly rising oil prices would set the bar for a true value for ET. until then you are all welcome to leave.
who owns how many shares...
cause from what I understand Mr. and Mrs. McGuire hold about 15% of the company not more ..
what's the point of sending people to Jail to pay for their crimes when you keep reminding everyone about their wrong doing? What Dennis done 30 years ago is of no interest to me and I would show you why:
If formal education was a testify to anything most of the world as you currently know it would not have existed. inventing and innovating is HARD. it is anything but the easy path to get rich and in many cases actually being a success has nothing to do with you (this is why Luck is so often mentioned..) Obviously the majority of the guys writing on this board have no skills what so ever to invent or innovate, they lack the strong mentality and are basically being busy doing harm to the same company they are investing in.. thinking that a multibillion industry would just disappear and that thousands of workers who depend on all the chemicals and water that is currently used to frack would vanish without any fight is just ridiculous. The "small" marketing challenge of ET is nothing short then what apple tried to do in the 80's and failed.
At the end, Fracking as we currently know it would stop. it is just a question of time. only when the industry would have to choose between going green or disappearing all together would the true value of ET be truly revealed and this value would probably be in the 3-6B range.
Note that since the ART in which HAL apparently "Won" it has lost about 43% of its worth and is currently trading at 43$ down from 73$ in just over 6 months! for those of you who haven't figured out this part of the arbitration, HAL had to drop all their patents applications concerning their ET competing system and has basically gave up on driving ET out of business. I am sure that now, while the future of Fracking has a big question mark on it, they would have preferred to have settled things differently with ET.