Just a word of warning. Almost 9 million for a company that has never made a single cent in over 15 years is not cheap. I have two Companies that have never lost a cent in 15 years and would probably not get 9 million if I sold.
So this is all about potential and OIL have a lot to prove on that issue. I look at it this way.
If I invested 9 million in a new company with all the hassles of running it I would expect an absolute bottom of 10% return on investment before tax, or close to a million. Profit, not turnover. OIL as so far away from that it's not funny. After 15 years they passed the development and potential stage and results are expected.
I wish there was something nicer to say. In most cases I say hold because I would assume holders are sitting on big losses and not that many actual shares. I certainly would not make a LT investment at these prices. If I had a lot of $ invested I would probably move half to a stock more likely to give a return or at least some excitement. I hope I'm wrong but I can see some sales with real profit far into the future.
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