A couple of quick thoughts on a day when the selling pressure just keeps on building!

I think that John is correct in that there has been manipulation by some of the big brokerage houses especially if you look at Cannacrap's consistent 500 share offerings into every lower bid over the past week. I don't know if the added selling pressure of today is their successful stock manipulation or whether bad news has leaked out of the Foldeak testing. My best guess would be that this is a combination of some scared money that is worried that testing won't be successful and manipulation. If the share price bounces off the 40 cent level again and moves up - it is probably manipulation and if we build volume all day and move below 30 cents then there is probably bad news out of the Foldeak.

I don't think this is bad news out of the Foldeak as I don't expect any real news for a couple of more weeks or even a couple of months. As an appraisal well, I don't think that Exxon is going to use their multi-fracture system of using the hard rubber ball to block off each of the four fractures then flow test them all at the same time. This is a technique they are using in the Piceance Basin, but it is on repeat wells that are just that - repeat, repeat, repeat. In the Foldeak they are dealing with different sands and different geological conditions, so I think they will go with a very cautious approach which would be to flow test each fracture separately until the know the geology well enough to do multi-stage tests.

With over 600 million shares outstanding, the real news of seriously bad results would probably see us trading 10's of millions of shares and until we see Burlingame or Renova selling, then we may not know the real reason for the selling pressure until much later. It is doubtful that Exxon is going to walk away without giving this giant field their best efforts and a small four stage fracture at the bottom of the Sloznok is only their first step in trying to figure out the right system to crack this giant prize.

Having said all that, it is certainly difficult holding onto a stock that can always be purchased much cheaper the next day and where you can average down 7 or 8 times over a three year time period and still watch someone else buy it for much less than you paid. We won't get any respect for Falcon until we get not only positive flow rates but also a clear indication that Exxon can do the same as they do every day in the Piceance - repeat, repeat, repeat. In the meantime it is difficult to believe when all around you are selling, but as usual it is too late to sell and we will probably bounce a little off the 40 cent level, but not before going back into the 30's which should bring the "Cat" back to the old board again -LOL.

Regards Paul