MUST READ POST - DETAILED UPDATE
I have some awesome news for everyone.
1. I got my frozen pipes fixed so I can focus on work again.
2. I want to clarify I have corresponded with William Westbrook by phone and email but I do not have the required agreement to record or redistribute any of the information .. yet. but close.
Here is what the language from an email says "The information in this E-mail is confidential, is intended solely for the addressee, and may contain privileged information. Access to this E-mail by anyone other than the addressee is unauthorized. Any review, re-transmission, dissemination or other use of, or taking of any action in reliance upon this information by persons other than the intended recipient is prohibited. If you have received this E-mail in error, please contact the sender and delete all copies."
Permission required Which I have been working on
SO - I do have a phone interview coming but I'm told they needed to get the 10q out for the old SWRF and there are busy working with the auditors (yes auditors) to get the SoOum numbers out asap.
Kind of frustrating but in my last correspondence with Rich in IR I was blunt and said
"Rich,
Whats the latest on SWRF.?
Market looking for a reason to stay engaged here… Not enough info to find a firm price on this yet.
I would like to see the contracts or some explanation of revenues so the market can bake that into the PPS - which is certainly much higher than current levels with current SoOum revs alone. Where are we at on the agreements to conduct the interviews?"
yes@yesinternational.com November 19th 2014 2:46 PM (MST)
I might have their consent from them to do your interview, I will know tomorrow. They understand that more information is necessary and since I am the face for the investors, let me do the first interview and we can do a corporate interview with Westbrook after that. I think I have them persuaded to give the permissions, I will let u know tomorrow.
11/19/14 10Q
As for tonights 10Q - That is about the old Ortiz SWRF and is basically TP if you choose to print it out and ruffle it. - The SoOum 10Q will be coming too.
NEXT
I had requested an interview with Eric Sterne at Remuda Capital Group to talk with him about Remudas holdings in SWRF. Eric called me this evening and said he would like to get together on the Phone Monday to discuss. He sounded really upbeat and we talked at length about the upside ahead. I'm looking forward to having him on the phone Monday to go into all the details.
TECHNICALLY
We again held the 200 SMA and even saw an uptick in volume. There was a strange 1,000 share theme and no I can't explain that.
Bottom line(s)
SoOum is a real company. If some are feeling nervous then this might not be right for them (Investing)
We are now only 6 days post merger. Relax the muscles a bit and let the company perform. Trips will be gone soon and news will be out from the company in the forms of PR's and 8K's
I too will continue to not only investigate and obtain information, but I picked up another 7.5 Million shares today as well.
Lastly, If you see shares on the ask like "30 Million" there has really been only 4-6 there. Fake walls is what we commonly call them. - It is not being caused by me, but the reason to do so it usually one of two things. Manipulation by those in a short position or Manipulation by those who are long and want to continue to add shares.
We KNOW SoOum has been doing $1,000,000 a month right? So Last was .0008
Let me show you why this is cheap.
$1,000,000 per month x 12 Months in a year = $12,000,000
There is a $6,000,000 contract in addition to the $12,000,000
$12,000,000 + $6,000,000 = $18,000,000 Annually (At this time)
OK SO - This is the bottom line most conservative and non speculative figures. Agreed?
$18,000,000 Revenues then you divided by the float (currently 1.9 Billion BUT 900 Million are restricted for more than 9 more months) So lets just say 1.1 Billion to be completely safe
$18,000,000 / 1.1 Billion (Float) = 0.01636363636363 - .016 ;) [[color=green]b]A 1900% difference from current PPS. [/color]- And yet it's currently at .0008?
Lets make this even more clear and remove the $6,000,000 Contract they have already made known (just for fun)
$12,000,000 Annual revs Divided by float of 1.1 Billion = 0.010909090 - .0109 ;) A 1,262.50% difference from current PPS!
Lets play WORST CASE SCENARIOS - SCARY!
OK ok ok So now lets say that we get in our time machines and skip ahead 9 months and ALL 1.9 Billion shares were there.
$18,000,000 (Sales will be much higher than and additional contracts I can't forecast) divided by 1.9 Billion Float = .0094736 - STILL Almost a penny and a 1,084.20% difference from current PPS
$12,000,000 (Feeling stupid doing this math now since its so low for future) / 1.9 Billion float = .006315
Thats a 689.37% difference from current PPS.
Earlier I said "Fake walls is what we commonly call them. - It is not being caused by me, but the reason to do so it usually one of two things. Manipulation by those in a short position or Manipulation by those who are long and want to continue to add shares because they know something BIG - maybe as big as what you have just seen above? ;).
There is a tremendous amount of value here in $SWRF - just have to open the eyes and not get shook with emotion. Look at me! I have well over 100 Million shares and for 2 days have hardly been (able to be) at the computer, and when I do I buy more.
The Team at SoOum have done everything they have said they would at this point and they did so on time.
Get shook - Or get paid IMO - Just have more patience than 6 days!
Dok
