Whats happening here

  1. 908 Posts.
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    Now don't you feel for the investors in this stock. It is down at an all time low of 0.5c a share and they are trying to raise $5 million at 0.6c a share. They are currently drilling a major well and it is doing nothing for this stock. They have also been pumping oil over the last 2 years from their Bulla well. What happened to the gas project they were supposed to get in Dec 2001. Where is all the money going. It looks as if the directors have not been looking after the best interest of shareholders in this case. I noticed that most directors sold out in the dot com rally on a mailing list proposal. If anyone can shed some light on this stock I would appreciate it.

    I used to hold stock but got out at 4c (thank god)
 
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