To: TraderGreg who wrote (7401 ) 5/31/1998 6:36:00 AM From: Steven Durrington Read Replies (1) | Respond to of 11708
When the once eternally optimistic and unflappable TG turns sour and bearish, I view it as a great contrarian indicator to go bullish on CSMA. The story hasn't changed - just the timing of the expected developments. As sad as this depression in stock price is, and I join the seething masses who are 50%+ in the red, I still believe that the best is yet to come (Do I hear Bob Seger's "like a rock" in the background ???). My understanding is that final discussions with the Utah authorities about Class V compliance requirements are underway, and that the process of building a Class V disposal well client base is expected to begin in the next few weeks. The $$$'s will start to trickle, flow and then pour in eventually. TG and others have calculated all sorts of permutations of the $$$s to be earned there. Even at near worst case scenario, the revenues are impressive. Just don't expect it to happen overnight. The shareholders' letter regarding LPS operations said to expect news about LPS operations and profits in June. Sometime between tomorrow and 30 days time, we might get another positive press release. Adhatters continues from strength to strength. Who the %$#* knows about CO&G ? The moral is, things are and will happen. We are seeing a depressing and frustrating shakeout on no news, and kudos to the daytraders and momentum players who have made big bucks. However, the company can't release weekly no-news is good news bulletins, and was heavily criticized for the recent "insignificant" release about the $45,000 oil/gas investment by CO&G. When, and not if, significant developments occur, we will be notified accordingly. Until then, I'm prepared to weather this bearishness and the morbid tone of this discussion forum. Regards, Durro