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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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From: terry1011/4/2006 8:27:28 AM
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Crossy or DJE followers, a dilution question to go with the same question as Bankerjohn. (So close yet so far?)

It looks like they got stuck with a bit of the tab of drilling.
I wonder if the $6.5 million financing will be enough to drill and complete this thing, if in fact they do find gas?

9.25M shares and warrants come free in April 2006.
Stockwatch has a float of 31M right now.
Since Oct/01 there has been 3/1 and a 15/1 rollbacks.
Bigtime dilution taking place again.
I think I see history repeating itself with this one.

I would think debatable risk/reward except for the U.

Appreciate any takes.
Terry
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