I have defended the directors of this company before but not anymore. The main reason I sold out for a small loss the other day is the lack of information since the 40 million facility was put on hold. The price I sold for was 1.1 cent pre consolidation or 11 cents post consolidation. The company stated about 4 weeks ago they were starting 3 more eagleford wells in the coming weeks and since then no update so nobody knows what the new plan is! No wonder people are getting nervous, if drilling is going to slow down let us know just don't keep us in the dark! I sold out knowing I may be able to buy in cheaper and by doing that recover my small loss if the current sentiment changes.
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