... it sure has been a tough lesson, but it does not just apply to penny stock. There is quite a list of big companies that can't seem to find the right leadership. Nortel, automotive, BCE...

The only investment that is not a gamble is savings account or GIC. Then again, the gamble is against inflation.

IMO, if Foley can't fill the latest $200k PP in the next few weeks then we might be out of luck for a Phoenix.

Lets knock on some doors in India or China. They need oil and they have lots of real cash.