Yeah I still have a couple hundred thousand shares that I have just forgotten about because they are worth so little, but the recent activity made me take another look. I think there is no real progress being made, but the flurry of press releases is creating trading opportunities. I think the sub-penny stock world is willing to trade anything on any information so long as they think they can sell it to a higher bidder. I don't think there is anybody new coming to this stock that actually believes in it.
So, I wish you well with your trade, and hope you are nimble enough to get in and out quickly, and even repeat the trade if you are daring. You might make a few hundred bucks here and there... But, you'd be better off buying options on a real company if you want that kind of heady action. Remember, there is no real plan to drill, no real money to do it, and they are behind on their debt payments. What will the creditors do? Hard to say. We have second or third best information. Mostly I think they want the claims, and then plan to recapitalize the company, with the current shareholders getting nothing. But honestly I'm not sure anybody really believes in Big Chunk, not even Briscoe. How else can you explain his foray into Breccia Pipes and Uranium? If you can tell me how they can possibly get a partner for drilling when the creditors can take possession of the claims in bankruptcy court, then I will reassess. But I don't think there is an answer to that.
For my part, I've learned my lesson, taken my lumps, etc etc.