This is my longest term holding and my largest singular investment, so no one can accuse me of instituting scare tactics after selling to come in on a dip..though at this point I almost hope for an even lower buying opportunity. Even my dumb trades are succeeding better than this one. Less than 1/3 of my investments are dwarfing the returns of my 2/3 investment here. I'm buying symbols that I don't even know what the respective companies do and making money. So much for thorough DD. Nevertheless, I've seen enough bounces of gutter stocks to know that this is not the time to sell CSMA. Must stay long at this point.
There is one question that has plagued me for several weeks that I have kept to myself. But hell, at these levels, it doesn't much matter.
To me, in my simplistic naive way, I cannot accept any logical explanation. As such, I won't even call MM or HK for the answer. Here it is:
Having received conditional approval for the well, subject to minor modifications, what is taking so long to get this well into operation?
Even If the well throughput and price per barrel are as low as my conservative estimates, it's worth going to a friggin "wise guy" Guido or Nicko for a loan. Every week that the well does not process the Class V is permanently lost revenue. This well in full operation would make the entire AD HATTERS line look like the proceeds from a small town arts and crafts fair(no disrespect to AH, considering they are supporting the whole operation, but that is true).
What is the holdup here????
This is a rhetorical question. Something is just not coming together.
BTW, on Halloween the stock hit a high of .37; the following Monday the stock hit a low of .38. This gap has not been filled...yet.
TG
Here goes. The well has been put on a fast track for approval. |
