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ASRPF .0012!!! huge downfall !!! on bullish watch!!!
ASRPF nice 50k hit at .015 on Monday
this is ASRPF board....SKFBQ looks like someone has buying and not flipping locking up the float...i'm holding the rest of mine here
What the hell is going on here?? SKFBQ?
I have no idea what you talk about. All I know is my money has all but vanished since I invested in this dog.
Woof woof!!
This board is mostly crybabys Rocks! The way I look at it it, they fixed WSR and are now in the process of fixing ASR. Mind you, I'm not so naive that I don't know that ASR only has so many lives left!
DDDD - ©Wait and Win™
You guys should be buyin not cryin ..still you want out throw them on the market see how long they last
Then the qustion becomes, why are you still here Buggsie (I assume it's you!)? LOL!!
DDDD - ©Wait and Win™
Then the qustion becomes, why are you still here Buggsie (I assume it's you!)? LOL!!
DDDD - ©Wait and Win™
Give it up already.This is the biggest POS on the planet.
Yahh, I hate it (LOL!!), but insiders aren't selling. In fact, they will, as I said before, probably do a large chunk of the financing. I'll check SEDI.
My other stuff is working really well and I actually have no tax losses in ASR (astute, lucky trading over the years) so I can wait...
DDDD - ©Wait and Win™
<<I guess I'm still going to .....
DDDD - ©Wait and Win™ >>
Buddy, you must be really young to be able wait this puppy out!
Meanwhile, another measly $2 million lost.
Mr. Robert Calentine reports
ASPEN GROUP RESOURCES CORPORATION ANNOUNCES $1,490,080 PRIVATE PLACEMENT
Aspen Group Resources Corp. will offer a private placement on a non-brokered basis of up to 9,313,000 units at a price of 16 cents per unit for gross proceeds of up to $1,490,080. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share at an exercise price of 22 cents for a period of 18 months from closing. The securities issued will carry a four-month hold period under Canadian securities laws, beginning the date the financing closes. Proceeds from the private placement will be used to continue Aspen's oil and gas well program on its properties in Manitoba and for general working capital.
Aspen currently has 74,505,354 shares outstanding. All monetary amounts presented in the release are in Canadian dollars. Closing of the private placement is subject to receipt of all necessary regulatory approvals.
I'm assuming management and insiders will be taking a lot of this. Will watch SEDI for clues.
I guess I'm still going to .....
DDDD - ©Wait and Win™
Yep, they are now having to issue more shares at sharp discounts to current stock price to keep this thing going. This is a permanent diminution of the value of the ASR.
WSR has chosen to flee to gold mine speculation, while ASR is continuing on trying to bring up some black gold. Only not very successfully so far.
And the waiting one would be me.
1) The new gold deal is a good for both WSR and GUY shareholders. Just look at the GUY chart for the last 5 years. Besides WSR was running out of $$ and they needed fix it. I think they felt they had a better shot with the GUY asset (Peters Mine) which was getting no value in GUY's current shareprice.
2) ASR needs some fixing too (it always seems to doesn't it?). However, the management and in particular, it is said, their major shareholder will not walk away from problems. If I had to guess, some negotiations will occur between ASR and WSR regarding the penalties/etc. for the 50% working interest in current and shared projects. This would at a minimum give ASR the whole pie versus what they have today.
I hope whatever additional fixing ASR needs doesn't involve more dilution for us shareholders.
I'm not trying to be stubborn about this investment but, if management ain't selling their stock then neither am I. So far they haven't sold a share!!
DDDD - ©Wait and Win™
Looks like the wells are not "panning out" so WSR is going into gold mining in Guyana! Sheesh. Now they call themselves a "resource" company. They (WSR, not ASR) are issuing units at 15 cents to raise money to buy into the gold mine. That is at the lowest price their stock has traded at for a long time. If there were a good announcement coming concerning oil production, one would think they would wait until after that has been announced before shoving wheelbarrows of stock out the door.
ASR is not participating in this mining scheme, but it looks like ASR's stock jumped when WSR's stock was halted. Somebody probably thought some great announcement was going to be made and was taking advantage of ASR still trading.
And so it goes, and SOMEBODY keeps "waiting to win" (some year).
what is going on with this thing? anyone...glta
I am still long. Like the company I do not have anything to say. My only comment is that insiders have sold none since I don't know when. As long as they don't (won't) sell, then neither will I.
DDDD - ©Wait and Win™
403xyz are you still waiting ? Have not seen any postings from you recently.Are you still holding shares? I have been involved since the Wheeler days and am in a deep hole.Always liked your comments but lately am wondering if I should keep holding or just get out. Thanks, Zorrothird
This is a great Oil Company right?
Is this co. full of fluff or is there real assets?
Do they like to have shareholders from the US?
Are they hiding things?
What is good about this co.?
I have some shares from the old Cotton Valley crooks.I wonder if I will ever recover my money?
Thank you very much.
Later
Apparently nothing much. Today's report was not very impressive. Looks like mostly marginal wells that have to have either water removal or acid treatment to delivery any significant oil. They say the two month release of the rig is scheduled, but I don't recall them saying that before.
Does anyone know whats going on here?????Its been a while..
Stock price hasn't done much since the news release, but it looked okay to me. No specific production numbers given on Daly, but they certainly expressed a lot of confidence in it.
I think it will. Then again, I've been accused of being a pumper in the past.
DDDD - ©Wait and Win™
Heh! You and me both. Gotta hit US .88 for me to break even on this "investment"
Thxs people,just been waiting a longggggggggg time....
ASR share price is consolidating for the next run through .58
the momentum should carry it into the 70's or low 80's
JMO of course
Hold tight INJUN we`re just comin up to the wire
Has anyone heard anything?? Not much volume,doesnt look good..
Street rumours are that you are correct. A lot of anticipation on positive results from hole one and going forward.
DDDD - ©Wait and Win™
Sale of assets to plow into Daly: Hope this means they see some good things in the well-bores and this is not a fire-sale.
Hi STLogic - I'm still here (I haven't sold a share in a year now). I've been busy trading gold plays (it's been one sweet market!). Nice to have the ASR moving (today notwithstanding) recently.
Good Luck to all!
DDDD - ©Wait and Win™
Good example currently of the ludicrous American pink sheet market. Toronto bid is now $C 0.55, pink sheets is $US 0.37. C$ is 88 cents US. Thus the US bid is 76% of the Canadian, AFTER adjusting for relative dollar values.
Meanwhile, look at it run!
Thanks for the tip. I am currently transferring my account with most of my Aspen to another firm. When it is done I will look at further transferring Aspen to this company. Rates are higher in some ways but they look to eliminate most of the extra markups all the other firms charge. The tricky part will be seeing what they convert the currency at. That can sometimes be quite large.
Have never heard of these people before so have no idea of their legitamacy.
anybody ever heard of these guys?
http://www.penntrade.com/index.html
Sit tight folks the long awaited fun is just about to start , also note the addition to our JV partners board, a very well respected and experienced addition.
Westchester names Vallance to board
2006-04-13 09:20 ET - News Release
Mr. Kevin O'Connor reports
VICTOR VALLANCE JOINS WESTCHESTER BOARD
Westchester Resources Inc. was informed by its operator and joint venture partner, Aspen Group Resources Corp., that drilling has commenced on phase II of the company's Manitoba development in the Daly field. The well, 8-14-9-28W1, is the first of up to six wells planned to complete phase II of the program. Based on the success of phase II, the rig will continue to develop phase III, which could include up to 17 additional horizontal and vertical wells. Westchester, through the joint venture, owns a 50-per-cent working interest in leases totalling approximately 2,760 acres in the Daley field. Consulting geologists estimate that the leases contain approximately 25 drilling locations, which could support multiple wells on each location. The wells will target the Lodgepole and Bakken formations.
Victor Vallance has joined Westchester's board of directors, subject to regulatory approvals.
Mr. Vallance is a leading energy analyst with over 20 years of experience in the Canadian equity markets. Before becoming a partner and director of energy research at Fraser Mackenzie Ltd., an independent Canadian investment dealer, Mr. Vallance held positions as a director and vice-president of oil and gas equity research at Dundee Securities, and a vice-president of oil and gas research at HSBC Securities, First Boston Canada and Wood Gundy. Prior to his experience as an equity analyst, Mr. Vallance worked as a geophysicist at Chevron Standard in Calgary, Alta. He has obtained his CFA designation, and holds a bachelor of science degree in honours geophysics and an MBA from the University of Western Ontario. Mr. Vallance is a past president of the Canadian Association of Investment Analysts (CAPIA) and is a member of the Toronto Society of Financial Analysts.
"Vic has been involved in the oil and gas industry for over 20 years. His vast array of experience and knowledge will be a tremendous asset to the other members of the board of directors and to the company as it moves forward," stated Kevin O'Connor, president and chief executive officer of Westchester.
Mr. Vallance has been granted 200,000 options, at strike price of 50 cents, for a period of five years.
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I have checked into that with several brokers, including Ameritrade. The costs of doing so are exhorbitant for Americans. We have discussed this on this board before. You can set up an account in Canada, but that involves a lot of trouble and expense and can only be justified if you are going to do a lot of trading in Canadian stocks.
If anybody knows of a specific broker that does NOT charge a penny a share each way, plus lots of spiff on the currency change, I am all ears.
I am pretty sure you can buy on the Toronto through ameritrade and etrade... They told me you just have to call them and do it on the phone...GLTA
ASR.to gaining steam
You can try to place an order between, but it is unlikely anything will be done (barring a change in price in Canada, but then you will get an execution at a comparatively worse price). Right now, I notice the Toronto price is 39.5, but the pinks are still only bidding .24. It just plain sucks. I suspect holdings have been moved to Canada so there just are not a lot of us stranded American holders. So the market maker can have his way with us.
Time to move? Maybe these spreads will narrow
if the volume comes up. Then again maybe not!
GLTA
Sounds good...will give something to DD tonight...Thanks Stlogic for the tip and info... Glad I also found this board... Sounds like a no brainer... I see talk here of the wide spread... Has anybody tried to buy just above the bid or someplace in-between the spread? GLTA
Insane spread is right! Looking for a buck
by June. Peak oil season and drilling 25 wells in a proven zone. Hopefully we keep the rig for the duration.
Would like to see $2.00 a year from now.
JMO of course
Talk about a lousy US market for ASR! Current bid .23, ask .35! Ridiculous. Won't be trading this one any time soon!
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