Although I do find the latest NR a step in ther right direction.

I just had a chat with some V traders on the desk this morning. brought them coffee and donuts and a question or two.

Here is one of the points raised and it makes sense. The problem with this stock is really simple apparently. 50% of those holding this stock right now are mr joe average who was told 10 - 16 months ago to buy this stock looking to score the big OIL OIL OIL. The risk was to find the big elephant with visions of a beverly hillbillies type gusher.

. And this is the downfall. the company itself put too much emphasis on "Hunting Elephants". they put it everywhere....nr's the website etc. The rub, is with almost every NR so far since january. The street is reading it one way. basically it reads.......the big oil???? ummm maybe not so much...but hey we found some gas!. Now gas isn't bad at all most of us now that. However to mr.joe public...they don't even now what the price of gas is at any given time.

They likened it to paying to see the scariest movie ever, than leaving the theatre laughing your ass off. To those who wanted a good scare( and nothing else) well that's a big dissapointment.

I raised a few points we have all been discussing on the boards and was met with resounding "sure, or could be... but the SP speaks for itself"

thought I'd share, maybe it does explain the SP. It was hard to argue different

FB