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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (7577)6/14/1998 11:04:00 AM
From: TraderGreg  Read Replies (2) | Respond to of 11708
 
I viewed the news as a neutral; the stock's recent consistent decline barely skipped a beat on the news. His hiring adds significant credibility, as long as he doesn't push us into oil/gas exploration. Much of this company's prior financial problems were due to looking for oil. A streamlined version for the hunt for oil and gas was born anew with Coconino Oil and Gas. So far, the standard scenario there--only the paid drillers came out ahead.

EnviroTec was, is, and will be THE key to this company, not oil and gas. Honestly, why go wildcatting all over the place drilling at pricey rates looking for $10 to $15 per bbl wells that on a good day pump UP a few hundred barrels a day, when you can get paid $10 and up a barrel to dump thousands of barrels of Class V DOWN an abandoned oil well. To the extent Mr. Nelson expands that part of the Company, we will thrive in a big way..

It also appears there may be some rustling in the bushes for LPS(the financial management and mortgage programs side of the company). Ad Hatters air fresheners will continue to be the "little engine that could" and more. Point in fact, AdHatters has kept the Company going up till now!

But from my standpoint and historical FACT across the BB sector, the quicker we get out of oil/gas exploration, the better.

TG