Buddha, I must concede you are right about the pump and dump...

Buddha, I must concede you are right about the pump and dump nature of this stock and the unconscionable way management has reported on so-called progress, not only over the years, but even now (during the five minutes that I have been posting) when many were prepared to give RS and co the benefit of the doubt. For everyone's edification, I have listed a fairly long list of sins which RS can take to the confessional next time he goes to clean his soul:

"The company has made a commercial decision to proceed directly to testing five established pay gas zones rather than continuing drilling to deeper target gas zones" (25 May): a misrepresentation of the original objective of commercial targets, which included Pinkerton and Leadville.

"Paradox Basis #2 is currently at 14,208’ (4300 m) in the Alkali Gulch formation and drilling ahead in salt and anhydrite with minor dolomite and limestone…. Thick salt overlays the Pinkerton and Leadville formations" (22 May): misleading as there is no mention of the possibility of thick clay imbetween, and the top of Pinkerton was only 700 feet further down.

"Paradox Basin #2 will test major objectives in the Alkali Gulch formation, Barker Creek formation, Pinkerton Formation and Leadville Limestone" (11, 13, 15 & 18 May): false, for if the latter two were major objectives they would have been pursued.

"Gas pay is present in the following zones:
• Paradox formation
• Ismay Formation
• Lower Ismay Formation
• Desert Creek Formation
• Chimney Rock Formation
• Akah Formation
• Barker Creek Formation" (7 May):
A misrepresentation for if there are seven pay zones, why are only five being tested for commercialisation?

"The MDT tool is currently conducting a series of pressure measurement commencing in zone 10 which has a reservoir pressure of 3661 psi" (6 May): misleading by giving only the 3661 figure and no results of the “series of pressure measurements”, and by being suggestive that 3661 psi was of gas potentially of commercial quality - maybe just hot air.

"Paradox Basin #2 penetrated six proven potentially productive intervals with a total of 153 ft of gas shows in 10 zones… Significant shows also occur in the Chimney Rock formation" (5 May): misleading for why are we now down to only 80 ft of gas in five zones.

"Wirelogs indicate 73’ of likely gas bearing fractured formation in zones 1, 3 & 4. Shows 5 to 10 are subject to further logging runs" (4 May): false, as zone 1 is now not being tested and zones 3 & 4 are now reported as having only 14 ft of net pay gas.

And yet I think 8 cents is undervalued! And why spend all that money testing if there is nothing there? Or is there another pump and dump on the way?