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Microcap & Penny Stocks : VLVT (was CSMA)
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To: YOYO who wrote (3171)12/10/1997 2:11:00 AM
From: TraderGreg  Read Replies (1) of 11708
 
Excellent commentary by your friend YoYo. I would only comment on one issue: sale of Uinta. Even with a gazillion barrels of oil under there, it wouldn't do the company much good if they couldn't exploit it in a timely fashion. In the meantime, it was a cash drain and selling it eliminated that problem plus allowed them to maintain a risk free interest in the form of the 495K shares of ERHC stock plus recover stock plus pursue other areas like COG and LPS. Present Value analysis--name of the game.

TG
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