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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: DELT1970 who wrote (100594)	5/8/2008 5:29:46 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206272

Delt, Ram Energy (RAME) -- Larry Lee (Ram pres.) was asked about asset sales in the CC that just ended and said they are just looking at selling some noncore stuff, so maybe there isn't a big sale coming down after all. He mentioned they expect to produce 7,000 bopd for 2Q, which should put cash flow at right around $.42/share for the quarter or $1.68 annualized. So can someone explain to me how this stock will continue to sell for just $5 (i.e. 3 x cash flow) after Monday (when the warrants expire)???