Hi Kit,
First time HC post so be kind, silence can be deadly, however I like to think it's the calm before the storm! Yes, the SP may go back down to the mid 6 cents. however, there is more potential of the SP can go 10 cents + (short term). We know there is oil and loads of it! The rig is meant to have arrived of Friday, I'm no expert on how rigs constructed but I'm sure it does not take over night to build and i believe It will take some time.
In relation to the AP and his buddies selling shares, he still owns a lot and didn't sell them all. They need to pay bills just like we all do, was it the right time to sell probably not! we don't know their circumstances.
Hopefully in the coming days we will see an announcement that we all have been waiting for that the rig has arrived and drilling has progressed.
Although this is looking awful, we all just need to be patient.
Take care and don't stress out.
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