I'm starting to warmup to the pp. The way I see it, 1.8 M is not enough to drill a new hole. They would not waste everybodies time and money raising such an insignificant sum unless time was of the essence. Therefore, the money must be needed for something else. Perhaps completion of the current well or land aquisitions. They must be dead broke though as this is very unfavorable for investors. I thought we did very well today staying above .20 with all the shorts taking profits.
We will definetely see the sp retrace to .18 very soon, unless superb news is released. I see a quick dip and then new highs.