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If it gets relisted I pledge to buy a bottle of Kentucky whisky to everyone here who reads this notice.
This pos has a lot of upside potential (in my amateurish view)
FIRST of all it has made an unprecedented profit of more than 2M compared to only 0.5M last comparable period.
SECOND: it is paying off debt
THIRD: it is looking for more profitable ventures.
and most important:
FOURTH: It is a takeover candidate
WE WILL SEE MORE UPWARDS MOVEMENT SOON. In my unsophisticated view it should go beyond the $20 per share that was the high of the previous year.
Just an amateur opinion, don't do anything based on this, I lose more money than what I make, except that now and then I make a lot of money here. It has happened.
count me in. Any sugestions how to proceed?
I have around 330,000 shares, most of them I bought for less than a penny a-piece about 1 & 1/2 or 2 yrs ago - some for as low as 1/4 of a penny. When VOIL was close to 20 cents a share I sold one-half of them for a handsome profit and I kept the rest who are now unsalable.
So I already made money on this trade even if I cannot dispose of the rest, but a trader always wants more and also I cannot get them off my TD account.
I'm somehow encouraged by your last answer.
If it's true that VOIL had 14 millions in assets then we should be compensated for our stock. I'm willing to investigate the possibility of starting a suit.
Is anybody suing VOIL?
some good news:
COP : U.S. crude oil pops above $60 as focus returns to tight global supply
10:08 am, Tue, Mar. 26, 2019
I also own COP, so don't read me as a total loser
"HOSTAGES OF VOIL"
(The title of my new movie)
Congratulations!
(Choose one: Patient Traders
or Prisoners of Wall Street)
We just got our first one year of being stuck in this stock!
This is a sobering though: that this stock be delisted. I don't think this could happen because the company has assets worth at least $14M, so that each stock has a book value of (I estimated) of 10 cents. So we should get re numerated if the stock would get delisted.
sell at your own risk of missing big upside move
DEFINITIVELY, somethings going on
SELL at yo`
DEFINITIVELY, somethings going on
SELL at yo`
I wish I could buy some 100,000 more shares too! Agree, sometin's cooking
up
Appreciate it
If you sell please let me know results
IT DOESN'T LOOK GOOD MY FRIENDS
I talked to Dan Green again last week, but it was a very brief talk. I just asked when is the audit going to be finished, I reminded him that last time he told me that it was going to happen in November.
He said February but there was no conviction in his voice, then he mumbled something like "there are some creditors we cannot get hold of..."
What I'm thinking is to maybe, perhaps, offer him the services of... I know people that are good at finding anybody, and also people who are experts on audits.
I will, but for me is not so easy. I'm a writer (don't know a thing about investing, that's why I'm on this) and its hard for me to talk, but I will, eventually.
The audit should have been concluded by now. I wonder if there will be some notification. If not, I'm going to call.
TIME TO TELL YOU about a conversation I had with one of the top directors of VOIL.
QUESTION: When will I be able to sell my stocks freely?
ANSWER: You can do it now or anytime
COMMENT: This is not 100% true because I have a great number of stock here and I cannot share more than a few thousand each time
QUESTION: What about the audit?
ANSWER: The audit is ending in November
COMMENT: We are reaching the end of November, I want to see if we get an announcement that the audit is finished
FORGOT TO ASK QUESTION: Do you think the audit will be successful?
ANOTHER ANSWER: After the audit is concluded it will take a couple of months to reinstate the stock [in another exchange?]
FINAL COMMENT:I expect that -- if the audit ends successfully in the next few days -- this stock will be trading normally by Feb 2019 at the latest. If we don't get any notice by next week I will be calling the CEO again.
We got a small non-important notice today. Maybe a harbinger?
Did they just changed the name?
It is a mistake - maybe its getting ready to trade. Else: we are toast
It has actually been about A YEAR now.
I have a hunch that the trade-opening is about to come real soon, next week, perhaps.
and, oh, I forgot:
#) the price of crude is higher by 20 dollars since this POS last traded!
Just some of the facts I remember
1) no debt
2) not being sued
3) new director(s)
4) assets went from less than 1/2 mil to 14 mil !!
+ more I don't remember off hand
Where did you hear the Valero rumor?
Why would you dump? This stock has the potential to go above one buckaroo as soon as it starts trading again. And thanks for airing the rumor.
Is there a new officer/director?
Why doesn't the management makes us a service and post a few words after almost a year of silence.
We are a group of people that have our money stuck in this company and at least, we deserve some kind of update. Please!
the time to be able to trade this stock is approaching
(sentiment)
Since there is not too much to write about, here goes the following:
(I think VOIL is in or near the Permian area)
Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom
By Tsvetana Paraskova - Jul 29, 2018, 6:00 PM CDT
Midland
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers.
The Permian shale play in West Texas is once again booming with drilling and is full of oil field workers, some of which are abusing drugs and alcohol to help them get through long shifts, harsh working conditions, and loneliness and isolation.
Drugs are easily accessible in the Permian, which is close to highways and to Mexico. For oil field workers making six-figure salaries, money is not a problem to buy all kinds of illegal substances to shoot, snort and swallow to get through 24-hour-plus shifts. The physically exhaustive work also sometimes causes aches for workers, making them susceptible to getting hooked on prescription painkillers.
The drug and alcohol abuse subculture in the Permian is a known—yet rarely reported or discussed—issue in the most prolific U.S. shale play, where oil production is booming, and relentless drilling attracts oil field workers from all over Texas and all parts of the United States.
In Midland, in the very heart of the Permian oil boom, The Springboard Center—a drug and alcohol addiction treatment facility—has many clients from the oil fields, Christopher Pierce, director of marketing for center, tells Rigzone’s Valerie Jones in an interview.
“We get a lot of clients who work in the oilfield because of where we’re located,” says Pierce, 35, a former oil field worker, and a former addict.
Pierce and The Springboard Center in Midland are now working on building a gated living camp community free of drugs or alcohol for people who want to be in a safe place.
Related: The Three Best Oil Majors Of 2018
Oil workers are not speaking up at work about their addiction for fear of getting fired, Pierce said, adding that he doesn’t have anything negative to say about the oil industry, which is the backbone of the economic growth in the Permian.
Some oil field workers and contractors use drug cocktails or various substances depending on the condition they seek to achieve during their 24-hour-plus shifts. At the beginning of a long or overnight shift, they would use ‘uppers’ like cocaine and methamphetamines, and finish the shift with ‘downers’ such as prescription medication or alcohol, Kayla Fishbeck, regional evaluator for Prevention Resource Center Region 9, a data repository for 30 counties in West Texas, told Rigzone.
“In Region 9, the most screened drug last year was amphetamines and that was largely in the oilfield,” she said.
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Thanks to the oil boom, the unemployment rate in Midland is at a record low 2.1 percent, and the unemployment rate in Odessa is also a historically low of 2.8 percent.
According to Fishbeck, Midland and Odessa are the top two Texas cities for drunken-driving fatalities.
“We hear stories of guys getting off their shift, getting a six-pack or 12-pack on their way home and start drinking in their truck,” Fishbeck told Rigzone.
Related: The Most Important Waterway In The Oil World
The Permian’s drug of choice is crystal meth, a stimulant increasingly supplied by Mexican drug cartels, according to law enforcement officials who spoke to the Houston Chronicle in May.
There is a strong correlation between the rise of drilling activity and the number of crystal meth seizures by authorities in the Permian area, Houston Chronicle’s cross-analysis of data from the Texas Department of Public Safety and the rig count shows.
Eddy Lozoya, a former oil field trucker and a recovering addict at 23, has recently found a job at a local department store selling shoes. At least for the next few months, he doesn’t plan to return to the oil field.
“I don’t see myself being able to work 100 hours a week sober,” he told the Houston Chronicle. “The oil field is tough.”
By Tsvetana Paraskova for Oilprice.com
What happened today? What is the reason for the 50% upswing?
I found this:
Company CEO, Dan Green, has worked tirelessly with Company's accountants to update the financial statements. As a result of the acquisition of Tin Cup Mesa and Squaw Canyon, the assets in the Company have gone from approximately $250,000 to $14,000,000. The previous management of Virtus had put events in place that brought it into non-compliance with the SEC.
Filing of a Form-10 with the SEC will bring Virtus from the Grey Sheets back to the OTC Bulletin Board. The Company expects this to be completed and approved by the SEC within 90 days of a completed audit. The Company expects the audit to commence in May 2018.
Dan Green, Chairman and CEO at Virtus, said: "Under my tenure at Virtus we have been successful in defending the Company from lawsuits, reducing liabilities and bringing the Company from a wildcat explorer to a production company."
source: https://www.newsfilecorp.com/release/34123
comment: we are now in July 10th - the audit should have been completed by now
I read an official company release to that effect but couldn't find the source. Somebody here knows where it is.
yes, around then. But now trading is about to resume, PRONTO!
How long has it been since we stopped trading?
Has it been a year?
I don't want to ask the further obvious questions.
Nope. there are TWO new officers, this pos is getting ready to resume trading in the upper levels close to a dollar. I f I could just buy another 500,000 shares for $30,000, I would do it without delay!!
we have got a new officer
Let's hope they finished it or it's about to end and lets get this position trading again!
The audit should be finished by now., Anybody has heard any news?
They said the audit will be finished in May (another jump in stock-price) then it will be 3 months until the filling be final - so I expect that by August will be trading this stock in the 20's or 30's cent range