Cynicism is well justified here. I reckon someone is trying to get that price up above 6 to make the new issue look good, but it's a struggle. Early & late trades over 6 today, but a low of 5.8.
Sorry, but I'm in the "no more money from me" camp until they can prove real results in California. Mind you, it really could happen, but more by good luck than good management, as they say.
We've been sold a pup here, guys, but I'm not selling at a big loss, would rather hang on in the remote hope of turning a profit eventually. Might lose the lot, but that's the oil game - win some lose some. Cheers, DYOR. RR
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