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Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31,

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To: seen-the-light who wrote (987)12/6/2005 6:33:23 PM
From: eik  Read Replies (1) of 1694
 
“In Kazakhstan:… Firecreek Petroleum and its strategic partner TSG signed a memorandum of understanding… developed a beneficial working strategy…

In Ukraine:… Firecreek Petroleum, with its strategic partner The Sahara Group, signed a Memorandum of Understanding…will negotiate agreements on all selected fields…

In Libya:… Firecreek received a formal invitation to meet… this meeting discussions were focused around Firecreek's previously submitted Memorandum of Understanding…

Romania:… Discussions continue with OMV-PETROM and government officials… “

Positives:
1. this PR demonstrates the effort to keep “business as usual”;
2. investment in Kazakhstan sounds almost like a real deal – this is my biggest hope for EFCR success.
Negatives:
1. Firecreek is in a business of discussions, meetings, and Memorandums of Understanding so far. “Memorandum of Understanding” in Eastern Europe is just a peace of paper which proves that sides have actually met. Nothing more than a legal document that used by EFCR to deduct travel expenses.
2. “additional funds will be required this year” and “additional funds will be required for ongoing acquisition and development programs”. Any ideas where those funds will come from? Dilution.

Tomorrows trading will be interesting. Many investors just came home from work and found today's EFCR news. Will they decide to get out? We will see.
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