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Assignment #1:
Have a great 3 day weekend!
Thanks, Hilander! Congrats on the mod position and let me know what I can do to help as the assistant........
OK, It's a Done Deal:
We've just switched positions.
If you want the mod position, jump on it & you can make me the assistant. Feel free to cut/paste this post & send it to Matt (so he can make you the mod).....
Thanks & I will check back.
Hey Frat,
We missed seeing you around here.
Thought you mighta gone fishen & got lost.
Glad to hear your OK.
I understand about waiting.
The only good thing I can say about owning FLWE for more than 1 year,
It's the only way I know to cut the tax bite in half.
I like short term investing & will take it either way it comes.
Check back in from time to time to see how we're doing.
Best of luck,
Hilander
PS:
Are you gonna keep on being the MOD or do you need a replacement?
Hilander,
Sorry, I let my membership lapse, so I don't have the PM feature any longer.
No, I sold out a while back. Got tired of waiting. I talked with the CEO & things sounded legit, but he also mentioned that it may take a while for everything to happen.........so since I already had money tied up in other plays (that also are taking FOREVER), I decided to bail to "play" other stocks.
GLTY & all on this board!
frat.
I think the officers of Fellows and their CPA firm should be held to account.
The validity of SEC filings is at the heart of the entire American capitalist system. It would be one thing if there were a computational error due to oversight. That would be bad.
But this is just beyond the pale. The officers of this firm claim to have decades of oil/gas industry experience. The CPA firm was, presumably qualified to file reports with the comission. They didn't know that they shouldn't claim revenues that didn't belong to them? What kind of an excuse justifies this kind of conduct?
Oh, I forgot to mention this nugget. When I called the office, George Young wasn't there. It turns out, according to the people in the office, being President of Fellows isn't his only job. He goes other places to work for other people to make money! Didn't everyone kind of assume that drawing a salary of over $100k meant that this company was his full time job and his full time responsibility?
Shouldn't they have disclosed that FLWE is kind of a hobby for George? Shouldn't investors have been told that the company with only 2 officers wasn't being managed by the President on a full time basis?
Since I'm at a loss in this position, an FBI/SEC investigation is in order. I would like to see all companies that cheat investors put in jail. What do you think?IMO
Did you notice that their SEC filings were invalid?
For the first 3 quarters of 2006, FLWE claimed revenues of over $450 thousand. At the end of year, FLWE claimed that revenues for all of 2006 was $420 thousand (or so).
How did they earn less for the year than they filed with the SEC for the first 3 quarters?
I called. Their answer: FLWE claimed 100 percent of the gas revenues even though they only owned half or so.
One more time, They claimed revenues thay that weren't theirs and that they hadn't earned. They did that for 9 months. They filed this with the SEC.
Then at the end of the year, most of the revenues disappear and millions of assets likewise disappear.
Can you say "fraud"?
You people (FLWE) informed me that oil exploration is very technical and the equipment you have makes finding oil more of an exact science. Come on FLWE, where is the oil? I purchased your stock when it was over a dollar and you have not produced.
Could your operations be a "three stooges" type atmosphere where you really don't know where the oil is but your rhetoric about finding oil is more like science fiction.
I don't what to poke fun of your not finding oil, but wow, find some oil even if you have to get help from BP, Shell, or ConocoPhillips. They would know where is oil. Would they?
Sincerely,
It's easy to file a complaint with the SEC.
Fellows has failed to file its end of year results.
If you are tired of the lame excuses from the office,
here's how you file a complaint with the SEC.
1) Go to www.sec.gov
2) At the bottom of the page select 'Contact Us'.
3) Select 'Investor Complaint Center'
4) Select complaints 'online forms'.
5) Select 'Failure to file required reports with the SEC'.
Fill out a few lines of the form.
On April 2, Fellows Energy Ltd. filed a form NT 10-K,
a filing extension.
The filing was due by April 15th. With the weekend, the due date
was April 17th.
Fellows has still not filed. They have been making the
same vague promises all week.
fwiw
QBV
FLWE may fail to file EOY results.
Spoke to Brian at FLWE. He said FLWE might file
its end of year results today but no one was sure.
My Guess at 2006 FLWE Gross Revenues.
$800,000 Gross Revenue.
Revenues for first 3 Quarters of 2006 were $455,000.
They have 4 wells producing. Clearly, average daily
production would be nice to know.
Here's my unsubstantiated guess:
160 mcf per day per well. I think that's a modest target.
$6.00 per mcf. The average price is over $7.00
$960 per well per day
$3,840 per day for all 4 wells.
90 days
$345,000 for the 4th quarter.
Add the $455,000 from the first 3 quarters
Total $800,600.
Any other guesses out there??
End of Year Results - April 15th.
Fellows filed with the SEC to that effect and
the person who answers the phone at Fellows said the
same thing.
The 15th is a Sunday. From my limited experience
with these people, they will file on Monday the 16th
rather than Friday the 13th (also known as 'Fellows
has your money' Day).
Maybe we can get these rascals to make some sort
of comment about production of gas or boe (barrel of
oil equivalent)with these announcements.
It's time for Fellows to walk some of the talk or to
take everybody off the hook and admit that there is
no walk, only talk.
100-77= 23 holded by insiders or shares with some restriction.
Question about the share structure:
If the Authorized Shares is 100mil and the number of shares Outstanding(issued) is 100mil, how can there be 77,360,068 shares in the float? The float should be zero, should it? If the float is correct, there is massive dilution of unregistered stock of an extra 77,360,068 shares.
Information posted on this ihub board:
SHARE STRUCTURE: (as of 2/27/2007)
Authorized Shares: 100,000,000
Outstanding Shares: 100,000,000
Float: 77,360,068
ooo very nice!
derekz put out flwe alert 2 weeks ago hope everybody got sum good job BIG D>>>>
that mean the company will have the money to development the proprties now. it take alot money and company does not have the money. look at price of stock? if they go to loan company to get the money, for every 2 dollars in sales, they loan 1 dollar, for every 3 dollars of asset set, loan and they want stock too.
Could it be a sign?
The website for Fellows.com appears to have been updated.
I say appears because the old update 'date' is gone, there
is no new update 'date' but there is some interesting
information and maps on projects underway.
I would trade info and maps for administrative
tidiness almost any day.
The website looks like it belongs to a company that
may be around for a while.
One of the many benefits of approaching 0 cents per share!
One of the February issues of Forbes had an article on 'naked shorting'. According to the article, each day, some 50 million shares worth of transactions cannot be closed because they represent trades for which there are no actual shares!
The type of debentures that FLWE issued are the preferred vehicle for this kind of illegal trading activity.
How difficult would it be for FLWE to file a complaint with the SEC? What are the odds that the SEC would take any action at all regarding this problem?
If they did something, just once, in reaction to just one of these abused companies, would the problem abate?
Appears to have formed a bottom at 0.035
I do prefer the slow and easy kinds.
Looks Like She's Finally Hit Bottom?
Slow and steady she goes.
I got filled.
Good Question:
Lot's of other folks got filled.
I know, it's irritating when they misplace your order.
Sometimes, they fill it after hours?
http://www.thesubway.com/companydata.asp?qm_page=38898
...Price Size... Exchange...Time
0.036 50000 OBB 15:36:49
0.036 5000 OBB 15:35:56
0.037 5000 OBB 15:35:51
0.035 5000 OBB 15:35:44
0.035 30000 OBB 15:34:05
0.035 27000 OBB 15:31:49
0.036 50000 OBB 14:59:53
0.036 5000 OBB 14:56:32
0.035 20000 OBB 14:55:49
0.035 10000 OBB 14:53:37
0.035 5000 OBB 14:51:46
0.035 4800 OBB 14:46:47
0.035 50000 OBB 14:46:07
0.035 5000 OBB 14:45:50
0.035 200 OBB 14:44:09
0.035 15000 OBB 14:34:57
0.035 5000 OBB 14:34:28
0.035 25000 OBB 14:33:56
0.035 5000 OBB 14:32:40
0.035 5000 OBB 14:32:40
0.035 20000 OBB 14:32:31
0.035 10000 OBB 14:25:08
0.035 2250 OBB 14:24:40
0.035 50000 OBB 14:22:10
0.035 5000 OBB 14:22:03
0.035 15000 OBB 14:21:58
0.037 75000 OBB 13:50:13
0.037 25000 OBB 13:22:56
0.036 25000 OBB 13:22:52
0.035 25000 OBB 13:22:28
I also noticed your from Texas, here's one for you.
There's 3 Joker's from Texas:
GOOD
In Richardson, Texas State Trooper was running radar. He had a perfect spot to watch for speeders, but wasn't getting any. Then he discovered the problem. A 12 year old boy was standing up the road with a hand painted sign which read "RADAR TRAP AHEAD!"
The officer later found a young accomplice down the road with a sign reading, "TIPS" and a bucket full of money. (And we used to just sell lemonade!)
BETTER
A motorist was mailed a picture of his car speeding through an automated radar post in Plano, Texas. A $40 speeding ticket was included. Being cute, he sent the police department a picture of $40. The police responded with another mailed photo of handcuffs.
BEST
A young woman was pulled over in Austin, Texas for speeding. As the TX State Trooper walked to her car wind ow, flipping open his ticket book, she said, "I bet you are going to sell me a ticket to the Texas State Police Ball." He replied, "Texas State Troopers don't have balls." There was a moment of silence while she smiled and he realized what he'd just said. He then closed his book, got back in his patrol car and left. She was laughing too hard to start her car.
Hook'em Horns!
I have had a bid in all day at 0.035 and has not filled and does not show up on the L2.... L2 is showing bid now at 0.034. Whats up with this?
Or date of the funeral for that matter.
I called Fellowes. I spoke with Wendy. George was not in.
Here's what I learned:
Wendy says she had not heard anything about the stock being down to 4 cents a share on over 3 million shares of volume.
Wendy says that people are not calling in to find out what is going on. In the background, the phones are ringing. I've called in before and I don't recall so many other calls coming in.
Wendy says she is not aware of any information that would cause this move.
Wendy says earnings for 2006 will not be out till April 15th (approximately).
Theoretically, the market value of this company is about equal to two drilling rigs.
Just another day in the paradise that is Colorado...
From Beach 4400 on a different message board:
This is the message I recieved this morning from George confirming the partnerships. Does that make the company worth less as they now have less rights or property? Anyone have answers how these sales impact the value of the stock? It looks like the sales were from another JMG not from Fellowes.
David: THunderbird purchased the 50% interest in those two project that JMG had, and is now our pratner on them as well on what we call "carbon County".. They are now our 50% partner on the three projects.
From PDQ1951 on another message board:
help from any holder-beach, farky, others:
I just noticed Thunderbird Energy (TBD.V), FLWEs partner in the Utah Carbon County project, announced on March 5 the purchase of a 50% interest in a 5000 acre property near the Carbon Creek project. This property is nearly identical in size to the FLWE Gordon Creek project; does anyone know if it is one and the same. In the same PR, TBD.V announced a 50% interest purchase of 19,000 acres in the Weston County project in Wyoming. Coincidentally, Fellows has a 19,200 acre project in Weston County, Wyoming. I believe it is likely that TBD.V has purchased from FLWE interests in these two projects. I hope so, it would provide capital for FLWE exploration drilling this year. The working interest purchases by Thunderbird were in cash. Also, I believe George is still on the Board of Director of Thunderbird. Any thoughts or comments.
The Thunderbird PR can be accessed on Yahoo finance under TBD.V
As for achievements, you'll have to look at the PR's and/or call the company for additional information.
As for 4Q results........soon(I think).
As for self-sustaining in 07.........the company seems to realize shareholders are interested in production & revenues vs potential alone, so I think we'll see progress on this front.
My suggestion to you is to ask some of these questions directly of management. They seem willing to field shareholder questions and investor relations and transfer agents are not "gagged" like they are with some companies.
GLTY.
FB72,
Can you share some of flwe's achievements for the year?
(I mean besides the ones that had press releases)
Also, any idea when they might post 4Q results and
whether they intend to become self sustaining in 07?
Anything you wish to share will be of interest.
Thank You
QBV
We're in the same boat together and agree this is a great company. That's a given.
Not worried a bit, just need to sit tight till management does there job.
The rest will take care of itself.
At these cheap prices who wouldn't want to jump on board?
Ask starting to get tagged this afternoon.........nice to see the "recovery efforts" underway
Don't blame you, Hilander. Very good company here with high aspirations.
My overall share price is 4 times the current share price but believe FLWE to be a great stock and will hold till it reaches the dollar+ mark again.
100M O/S is peanuts and the 77M float is the reason that this one moves so quickly.............
100M shares outstanding is relatively low, I like that!
Right On, Never sell at a loss!
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