Crom Valen, pre IPO prospectus summed it up in regards to what they hopped to get out of drilling at Stanton. The results were awful. Money in at IPO "made" a motza (please see IPO Top 20 SH) and then bailed (please see current Top 20 SH), pre Stanton announcement, so you are right in that the IPO smart money made some, and the new money (see volume at peak) have not.
Junk, page-11
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