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We'll have to wait and see what the BS is going to be on this one.
Shale oil is big right now, so it's not unexpected to see someone come up with a pinky to exploit it.
WTF is this BS?
First, WLOC was a gold exploration company... and a big scam!!!
Then, big silence for years after screwing everyone...
Now, it becomes a shale oil company... with a 1/1000 reverse split...
ARE YOU KIDDING ME!?!?!?
Hopefully its ExxonMobil. Lol
The most common reason, of course, is to rid themselves of current baggage, aka shareholders.
It'll be interesting to find out who's behind Shale Oil.
I wish we knew why the Company did a R/S.. What purpose..
This is a shell with no dilution in over a year... Maybe they're becoming a REAL company. lol
what the heck, does someone know something
like ooo85 now (kind of) Let's see how low she goes! Why did that buyer step in at oo1, still shaking my head on that move
This stock will crash back down to 00's soon enough
There isn't one yet.
WLOCD is it for 20 days. The new company hasn't been given one yet.
What's the new trading ticker???
Bid 1.00 x Ask 1.40 (.001 vs .0014 old)
By the looks of things, not much.
There will be a bid and ask. Currently it's at $500 but that will change at the open.
Check otcmarkets for filings
True. But for most OTC companies true value remains a mistery if there is one greater than zero anyway. Usually I take current value and see what others or the board think about it and trade accordingly
Final valuation of Shale Oil will become clear upon stock issuance to the new owners
At that moment, yes.
But any true valuation will have to wait until people get a flavor for what the company is and have a chance to place fair value on it by either buying it or selling it.
Next week will be interesting if we get information.
Merger scenario. Existing OS becomes the new float of Shale Oil. There were only two options anyway: No RS and raise AS and stay a subpenny or RS and keep AS and become a dollar stock. I like the latter.
Final valuation of Shale Oil will become clear upon stock issuance to the new owners. My guess is max 10% float, so 300mil from WLOC became .3mil, making it at least 3-10 mil OS after RS
Hope you picked it low this time
Yes I'm very positive that I can buy or sell on Monday morning.
It was even harder to answer your posts since Ihub messed with my fav list because of the name change lol
Oh, sorry. I still haven't kicked the habit of calling all OTC stocks "pinkies".
Probably won't either, until they trade on a real exchange. Of course, having them pull this "no R/S at this time" then doing the R/S at this time doesn't help to diferentiate themselves from being a pinky.
So, new shares will be in accounts Monday morning, you say?
Willow Creek Enterprises Inc. changed to Shale Oil International Inc. and a one for 1,000 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/24/2014&mkt_ctg=NON-OTCBB
It ain't a pinky. There's a reason they become OTC current real quick.
Got to have a broker which allows trading of converted shares asap
Ah, a $.001 close keeps everything nice and simple.
Now when the R/S takes place and the sp adjusts to $1 everyone can watch the trading and wait for their shares to become tradeable.
A $1 pinky. The new company better have some fundamentals.
Ok. Got me 10s. Now bring on the merger details. Devastating or promising?
Ouch, sorry mang
No dilution. None in over a year.. its a shell
I want some 10s
I recommend to wait
Not logical to sell now
News coming...
whats story here, RS + dilute?
It's now a $1 stock. Let's see what the new entity and merger details bring. Depending on new SS it might be well undervalued
Hopefully someone emailed him back with some nice remarks.
I did. I never trust what a Pinky CEO says.
You made a comment "at this time" when that was posted.. sob did it a month later
They happen sometimes when you play a R/M without considering a R/S.
They usually go hand-in-hand. I don't care WHAT the CEO says.
Eastland turned out to be just another pinky CEO.
Any confirmation of the RS?
Can't find any confirmation. Thought it was cancelled and not even allowed due to the debtors.
tia
What a disaster.
Technically Recoverable Shale Oil and Shale Gas Resources estimates that shale resources considered in conjunction with EIA's own assessment of resources within the United States indicate technically recoverable resources of 345 billion barrels of world shale oil resources and 7,299 trillion cubic feet of world shale gas resources.... While the current report considers more shale formations than were assessed in the prior version of this assessment, it still does not assess many prospective shale formations, such as those underlying the large oil fields located in the Middle East and the Caspian region. Currently, only the United States and Canada are producing shale oil and shale gas in commercial quantities.
No R/S at this time, eh?
Stephen,
Thank you for your interest, as per your request. We are not following through with a reverse split of the stock at this time.
Larry Eastland
But now is as good a time as any.
Shale Oil International Inc?
Click todays link last one on list WLOC R/S I never lie!!
https://www.otcbb.com/dailylist/index_2014.htm
Not too bad, cool
30% hair cut, but got out... if you guys didn't help out with the link to the r/s would have been worse... thanks...
Hopefully you got out with minimal loss
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Posts (Total)
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Created
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10/27/08
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Moderators |
Market Value1 | $243,816 | a/o Nov 21, 2014 |
Shares Outstanding | 297,337 | a/o Oct 27, 2014 |
Float | Not Available | |
Authorized Shares | Not Available | |
Par Value | Not Available |
Shareholders of Record | Not Available |
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Short Interest | 0 (-100%) Oct 31, 2014 |
Significant Failures to Deliver | No |
Action Stock Transfer Corporation |
Reporting Status | Alternative Reporting Standard Deregistered a/o Aug 27, 2013 |
Audited Financials | Unaudited |
Latest Report | May 31, 2014 Interim Financial Report |
CIK | 0001415952 |
Fiscal Year End | 8/31 |
OTC Marketplace | OTC Pink Current |
SIC - Industry Classification | 1000 - Metal Mining |
Incorporated In: | DE, USA |
Year of Inc. | Not Available |
Employees | Not Available |
Ronald Cormick | CEO |
Larry Eastland | Acting CFO |
Ronald Cormick | Chairman |
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Last Trade Time: |