Most people who rant against rule 144A do not understand why it was put in place. Nor do they understand the SELLING restrictions of such securities. 144A securities are not as liquid as regular stocks.
Good grief. Buy Permian Basin Trust (PBT: NYSE, paying 1.81 annually -- TRAILING royalties on a 24.10 dollar close) or PennWest, (PWE: NYSE, paying $4.00 annually -- TRAILING royalties on a 33.76 dollar close).
Yes, energy likely will fall at some point. Not while the Regress keep blocking production, though. 144A stuff? Jay-ZUS!
I’m not looking to sell. I want this company as a long term investment, buy and hold. I see real long term potential here. They already have a proven product being bought in large quantities by the U.S. military and NASA.