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You oil-heads better go take a peek at URMP.........
Boogie boogie............
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
What John says makes sense
Looks like his plan is on track.
FOR IMMEDIATE RELEASE
Rocky Mountain Energy Corporation ........................
12/13/2002 Shareholder Letter .....
Rocky Mountain Energy Corporation Announces
Shareholder Letter
Houston, Texas - December 13, 2002 - Dear Shareholder: This week we saw some good activity in our stock. After having been controlled by the shorters, with price declining, our stock reversed itself. I am glad to see our story is getting out there. During the decline in price many of you contacted me via e-mail and phone. I believe it appropriate to address some of the more common questions at this time:
What is a naked short? A naked short occurs when someone sells stock that he does not own betting on it going down in value. He then will buy in at a lower level to fill the order that he sold, thus keeping the spread. An example of how it should work is as follows: 1. Assume the stock is selling at $0.15. 2. A naked shorter decided to sell 50,000 shares he does not own at $0.15, betting it goes down. 3. If it goes down to let's say $0.13 he buys back in at $0.13 and then keep the $0.02 spread. Conversely if it goes up, he will lose on the transaction. The problem is that this is not how it is working in actuality. In fact, naked shorters have sold millions of shares on us to hold the price down artificially. For example, if it was selling at $0.15 they could offer shares for sale at $0.14 to pull it down. In my opinion, this is not shorting; this is manipulation of our markets. An example of what went on last week during our price decline was that shares were being purchased with very little selling, yet the "ask" kept being pulled back down by market makers on buying. The naked shorters would sell enough shares that they do not own into the market to insure that, absent a great deal of buying, the price would go down. If one is controlling the price going down then "betting" on it is not such a risk. The problem is that I believe these folks are breaking the law.
"Ameritrade will not let me buy stock," and "Ameritrade will not provide me with a stock certificate." As of today the stock is now being traded by Ameritrade. Ameritrade was hurt in the "GMXX" matter and wanted to steer clear of us for similar, if not the same, reasons. GMXX was getting shorted to death. They knew that if they went off of DTC (in other words not trading electronically, but with paper certificates only) it was impossible to short the stock. Accordingly, GMXX went to paper certificates. Ameritrade was caught in a large short position and was forced to cover (i.e., buy shares in the open market to provide the actual certificates). Of course, this caused a "short squeeze" and the share price shot up significantly.
Ergo, when Ameritrade heard we wanted to see certificates in order to issue the dividend, Ameritrade ceased allowing buy orders in the stock "to protect our clients and insure delivery of the shares." Their letter to me further stated that they had already encountered a few difficulties in delivering shares. As of December 12, 2002 Ameritrade is allowing buying of the stock, but they did slow our buying down and helped short positions as a result. Ameritrade then automatically credited the dividend to the accounts prior to our settlement date. This eliminated any incentive for people to demand the certificates, and in my opinion, they dodged a bullet. If you have an account at Ameritrade I would urge you to help us by insisting on a certificate. One of our shareholders, a Mr. Bruce "B" e-mailed the following instructions to get a certificate: (a) go to Ameritrade web page, (b) click to account services, (c) scroll down page to click on request stock certificate, and (d) the cost is $40. Those in with other Broker houses holding stock in street name , we also urge to call for certificates.
"CUSIP Number Change" We still plan to do that. It will force the naked shorters to cover at that time. This is not a "cure all" however, as it will only hold them off for a few weeks and they will just come back at a higher stock price and do the same again.
"Go to Paper Certificates Like GMXX?" We could do so, but it kills our liquidity because every trade has to be matched to a certificate at the time of sale. This would be a last resort, not one that we want to accept at this time.
My Commentary We will beat the naked shorters on a permanent basis by simply following our business plan. It is disconcerting to see the price decline. No one wants to see that. My family has 5.5 million shares (Section 144 restricted), so we want to see it go up as well, as our shares are restricted, and not available for sale until 2004. That should put to rest any doubts as to my long-term objectives. Who among us however believes our price will increase every single day? Our stock is one that is built on a business plan that lends itself to a long-term hold, not daily fluctuation trading.
Last week I received e-mails and phone calls of "do something," and "put out a press release, help the stock" etc. Although I understand the sentiment, I cannot agree with the strategy. We must go forward with our business plan and put out press releases as appropriate. We do not "play" the stock on a "day by day" or "hour by hour" basis. We are building a business and the share price will take care of itself. We are building a business founded on sound fundamentals. We are getting our story out to potential shareholders and generating interest. As such, as we progress, the value we add should be reflected in our share price. In keeping with the building of the company we purchased the controlling interest in the Raton Basin properties we had alluded to last week. The acreage position is in excess of 16,800 acres located in the prolific Trinity gas field of southern Colorado and northern New Mexico. Proved undeveloped reserves are estimated at 200 billion cubic feet of gas. Taken with Wyoming, this is 250+ billion cubic feet of gas total. These reserves have yet to be developed, but present us with immense cash flow potential in the future. We are continuing to negotiate some high cash flow properties as we alluded to in our last few letters. So far, we have lived up to what we have said we would be doing. We hope to continue. If we are successful in negotiating the purchase of these assets, as I have every expectation that we will, then the naked shorters will be buried. They cannot fight assets with cash flow and further upside cash flow potential. This acquisition will be different from the previous acquisitions because this acquisition will generate immediate cash flow and earnings, and does not have to await development as the above. Of course, there is no guarantee that we can close the transaction involved, but we believe we are on the right track. That is what you want to build a company upon, not maneuvers to beat shorters for a time, but delivering value to shareholders, which knocks out any such shorting. This is not done in a day or a week. We have to think and plan long term, and we hope our shareholders share that vision. We thank you for your continued support and hope to have some news soon.
About Rocky Mountain Energy Corporation
Rocky Mountain Energy Corporation, based in Houston, Texas, is an emerging developer of proven oil and natural gas reserves with assets in the resource rich area of the Rocky Mountains. Rocky Mountain Energy's diversified production mix allows us the opportunity of high cash flow with predictable production. Rocky Mountain Energy's strategy includes a property mix of producing and non-producing assets. The producing properties provide immediate net income and cash flow while non-producing assets will provide Rocky Mountain Energy with future development opportunities, and ultimately, reserves at a reduced cost. With a management team that has over 100+ years in the oil and gas industry, Rocky Mountain Energy knows how to increase production, expand profit margins and maximize field potential. Its team of highly qualified technical professionals can examine old wells and find indications of producing zones that have never been produced, as well as develop the known proved undeveloped reserves which are the basis of any acquisition.
Company Website: http://www.rockymountain.cc
Rocky Mountain Energy Corporation
John Ehrman
President / CEO
email: Jehrman@rmec.org
voice: 281 448-6500
So do I Rocky
And so do many.
Remember to be patient and we will get there
Me too I am ordering my certicates.
If that's what it takes to beat the naked shorts; then I will.
What does it mean calahan?
Was it the same yesterday?
881,400 on the ask
552,300 on the bid
240,100 in between the bid and ask
-.02
-13.79%
Looks to me to be only one thing but you can make your own conclusions
http://quotes.freerealtime.com/rt/frt/M?SA=quotes/Time%26Sales&IM=quotes&symbol=RMEC&typ....
Is there a legitimate reason that RMEC has fallen back today, I tried to read RB but it is a bunch of crap. If anyone here can give me the cliff notes verion of anything that might have happened it would be appreciated.
Robert
I agree that it's cool here.
It's night and day compared to other message boards.
That's cool.
Hope you do really well with it.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
OT..ImakeMONEY
What has surprised me is how many people don't know the rules of this game. It would be fatuous to assume or believe the rules were establish to give "the house the adantage", as I believe, will become evident through a number of lawsuit that have been filed on behalf of company's and shareholders.
Actually I am surprised it has taken this long for companies and shareholders to take legal actions against such blatant disregard for the rules as they pertain to the OTCBB market.
I also believe that lobbying efforts have not gone unheard, which should be clear by looking at the rule changes that will be implemented through the new BBX exchange which will be phase in in 2003.
As far as letting the market maker continue to deprive small company of the ability to raise capital and dilute the investor's investment , in some cases near worthless, or else they will take their marbles and go else where or “close down the game” is a little ridiculous. There is a structure in place that allows them to profit without fleecing small public companies and their investors. It is not allowed on the larger exchanges and come sometime in 2003 it will be changed here as well
I wish you luck and happy holidays
OT: calahan
regarding short selling by market makers
It is much akin to going to Las Vegas and playing games in a casino. You know all the rules of the game and that the house odds are against you. Those who play are doing so at their own risk. Some hit big. Most lose. That is exactly like the otcbb.
Complaining about the rules or the house advantage will not accomplish anything. Lobbying to change those rules might, but if the house loses its edge, they will just shut down the game.
The reality is that we either play the game under their rules and do our best not to get screwed, or else we sit the hand out. I try to do a little of both, but I guess it depends upon ones risk tolerance level and how much money you have to gamble with.
Robert
Rocky
The short answer would be, NASD Rule 3370 (B)(2)(B), This is the rule that allows market makers to sell short shares that do not exist. If you have access to Time & sale data and historical quotes it is relatively easy to see this rule in all its glory.
Since OTCBB stocks are not marginable, (ie: cannot be used as collateral for a loan), a NASD member market making firm is not required to "cover" or "buy back" those "shares of a particular OTCBB security that do not exist" that it has sold short under NASD rule 3370 (b)(2)(B). The rule removes the requirement that would require market makers to cover short positions when the stock price rises above the maintenance requirement level. This effectively means the market making firm can sell an infinite quantity of an OTCBB stock to the investing public. Market making firms are also allowed to arbitrarily set prices. Instead of allowing the rules of supply and demand to work.
Market makers on the other hand say they are using the rule to protect the investing public, This is an excerpt from a letter from a Market maker to the SEC
“Market makers like Hill Thompson provide part of the self-regulatory benefits of market competition by acting as the counterweight to public exuberance, helping to temper volatile price rises and subsequent drops. It is difficult to sufficiently quantify the role a market maker plays in protecting investors from wild price swings. In providing much needed liquidity to the SmallCap and OTCBB markets, market makers are also actively participating in the price-determination process. Without the ability to freely short sell, Hill Thompson could not afford to be at risk by holding such large positions and would be forced to only fill customer orders at the minimum size requirements, thereby decreasing liquidity, raising the costs of trading, and ultimately harming individual investors.
To me that is a load of BS but you can make up your own mind on that one. I believe that, in itself contributes to the mindset that every company on the OTCBB exchange is a pump & dump. If you look at time & sales data for the month of November you would see the there was what market makers call a “ temporary contraction of supply”, in layman terms they shorted their ass off.
Then look at time & sales data for the Wednesday the 4th they sold more shares than they bought yet the closing price was lower than the previous day, then they did the same on Thursday the 5th. Then people start to second guess themselves by 10:30 EST. time There had been right around 235,000 shares traded, 117,000 of those at the ask according to time & sales data. That leaves 118,000 that were traded on the bid or between the bid and ask yet the price was down 15% , would this be the “subsequent drop” the market makers are protecting us from? It would seem they are trying to protect us from a situation that they themselves artificially induce by not allowing the rules of supply and demand take effect. While all a long inducing selling when nothing has changed that originally started the “ temporary contraction of supply” in the first place.
Well that was the short answer........LOL
the real, real short answer would be the SEC is letting the Fox guard the Hen-House.
Sorry to all
I just learned about the mailbox went there and I found out I have not been doing things right. I am real sorry Jim, Calahan, Rocky, and everyone; real sorry.
I'll tone it down.
I have my order to get my Certificates from Ameritrade.
you do this by going on line to the stock request and just list what stock you want and how many shares your Certificates for. It is that simple. It cost about $75 and probably the best investment you will ever make. so folks don't wait to the last minute, order your Certificates today.
JQ007
I do not know enough about the RMEC situation to make any judgements regarding the dividend issue, nor do I know much about the true fundamentals of this company. I was drawn here by the increase in trading volume which signaled a trading opportunity, however I never did get the chance to purchase shares before the last run up. So as for disclosure, I am neutral in my position and am not planning on taking a position here in the immediate future. But will certainly watch for opportunities should they arise.
However, after reading about the dividend I just wanted to share an experience with you all that might help you with your DD a bit. There was an otc stock 1-2 years ago that I seen do a very strategic move by issuing a dividend. They used the technique to transfer cash from one business to another. The stock was GASS and the parent company was bluedolphin oil and gas. Go to the ragingbull thread for GASS and read the history. It is not too long. I was there under my same name of ImakeMONEY, and I initially asked questions about the dividend. It seemed very suspicious to me, but I was attacked by long investors who did not want to ask questions or hear anything negative. I was considered an evil 'basher' just for not believing in the altruistic intentions of the company. In the end, the stock dropped like a rock and I was right in my suspicions. The most viscious poster who was long even apologised to me, but in the end lots off people got screwed out of some money.
I don't know if there is any similarity between RMEC and GASS other than the industry and the dividend, and I certainly have nothing negative to say about this company cause it looks like they are trying their hardest to fight back against a corrupt trading system, but check out the GASS situation just so you can see that the gift horse of a dividend doesn't always mean good things. Look at my posts there and see how my questions turned me into a 'basher', it certainly made me more accepting of opposing points of view once I was labelled the badguy.
Best of luck with this stock and your other investments and sorry for the long post, but I would rather everyone of us shares information and lessons we have learned here at ihub.
Robert May
ps. right now I am in VLVT, a stock that I think will run hard on some financing news this month. It is a pinksheet stock with a shady past, but it makes a great trading op. right now, better than the stocks of companies I really really like, so what can I do,lol.
OBTW: A person who constantly posts to NONE, as opposed to carrying on a dialogue with other board members, is something seen a great deal on RB. It's most commonly associated, IMHO, with those pushing an agenda and who are attempting to avoid TOSs by using the 'ol "...I wasn't posting to that person.." dodge.
Taken separately, and with some infrequency, the issues I have mentioned wouldn't be of much concern. When these matters seem to accumulate and appear repetitive, however, one might see where a negative impression could develop.
Just a thought..................
John
ps: A little work on one's iHub profile usually leaves a good impression.
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
caz,
I have mentioned to you previously (..in private via PM..) that your "..ALL CAPS.." intro statements have a very undesirable RB-ish quality.
I personally do not care much for posts where the writer doesn't think enough of themselves to sign them; it simply raises a lot of flags based on my experiences and perspective. iHUb is considerably different from RavingBullschmidt, and those who make an attempt to adjust to this more friendly, low-bash, and somewhat-restrained-enthusiam environment seem to last a lot longer.
There also seems to be concern by others regarding the state of your position, on non-position, in RMEC. Perhaps you would care to clarify the matter. There's nothing wrong with being a side-liner, but regardless of whether your a Long, a Short, or Fence-Sitter a declaration of that situation would seem appropriate since it's comes up several times.
Have a nice day.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Common Questions & Answers volume 1
Dear Calahan
It is nice to see you here making a positive impact.
Really love the way you "put" things into perspective.
Allow me to add another layer:
For investors buying shares of oil/energy development
the criteria that should be satisfied by the company
very early in its history is the following:
1) Does the management have prior experience in this field?
Yes...the team has over 100 years combined experience
2) Has management maintained a very tight grip on expenses?
Yes
3) Has management successfully acquired properties with reserves?
Yes
4) Has management acquired a financing agreement for a substantial sum of development money?
Yes. Management has signed a deal worth 100 million dollars
of development money for purpose of property development
5) Has management acquired cash-flow producing properties?
Yes
6) Has management demonstrated ability to "avoid"
incurring debt through acquisition whenever possible?
Yes. Management has used its shares on occasion as method of payment
7)Is management respected by long term investors?
In last 45 days price of rmec climbed ( .05 to .29 )
8)Has management taken steps to improve shareholder value?
Management has taken following steps:
(I may have forgotten a few if I have..sorry)
a) biweekly letter from ceo
b) several press releases
c) additional emails
d) announced dividend of 10 percent
e) buyback of shares
f) taken different steps to flush out naked shorting
g) intends on making rmec qualify for other market
h) has acquired additional properties
9) The present price of rmec does it represent the value of the acquires assets?
No. With enough reserves to sustain the company for the next 10 years, the share is trading at a fraction of a fraction of
"reserve assets value".
10) IS RMEC, as a share the subject of interest of many
shareholders?
If you visit different message boards and you add the total number of posts, just in the last month there are literally tens of thousands if not more
11) The average trading volume on a monthly basis, has it been going up or down?
Monthly volume has been going up.
12) The price direction of rmec..where is it going?
The last 45 days price rallied to around 29 cents from about
4-5 cents..and in the last 2 weeks prices has pulled back
and is approaching support line.
Since the price has done (the rollercoaster) before,
the next week or so, price should rebound repeat; this time eclipsing prior recent high of .29
13) Is rmec a short term buy/sell ; a midterm buy/sell
a midterm to long buy/sell or a longterm buy/sell?
In the very short term expect extreme rallies/retreats.
In the midterm (30 - 90 days) definitely good rally potential.
In the longterm (90-360 days) company could be a $10/share
14) Why do you expect share to go beyond $10/long term?
Because by then a greater number of cash
generating wells will be "BRINGING IN THE BACON"
thus increasing e.p.s. a few notches everytime;
thus increasing the "market value" of the share price.
15) What is management doing short term to increase e.p.s?
1-Company is seeking other acquisitions of properties
(properties that are already bringing in "cash"
2-Company continues to buy back shares
3 Company is seeking ways to move share to another exchange
Conclusion:
Rocky Mountain Energy is like a baby with a whole lot
of talent and potential. All it needs is time to develop it.
RATING:
Very good long term buy.
In the short term very speculative.
In the mid term, once share is moved to another exchange
then price will stablilize and rise to more "realistic"
asset value levels while e.p.s. rises".
It would seem you are the same person as Lunax,level3 an who knows what other alias but I'll answer your questions the best I can with what I have found. This is not for you it is for the people that have invested their money in this company, that you for some reason have attempted to talk out of their shares.
John Ehrman was the CEO of Regent Energy, when John Ehrman was asked to step down from RGEY the company was in compliance with SEC filings and listed on the OTCBB. There were management disagreements at RGEY, John Ehrman wanted to go oneway while the board of directors wanted to go another so John Ehrman was asked to step down. That is when he decided to start his own venture, RMEC. It is easy to see which direction the BOD went with RGEY.
John Ehrman has started RMEC with a business plan which in its simplest form included obtaining financing, growing the company through acquisitions and delivering its product to market. None of which is going to be completed overnight. Have things gone without a hitch? No, and if any of you believe this is going to be a smooth ride to the top you may want to pinch yourself, this is the world of business and better yet the world of business in the OTCBB market.
If in fact you did buy at .26 then at .27 you need to ask yourself, why? was it because you like what the company was doing? If it was, ask yourself what has changed? other than they have given you 10% more shares through a dividend, they have recovered 5.9 million of the 8 million shares stolen and acquired 16,438 acres the Raton Basin. If you bought at .26 and .27 and thought the stock was going to rocket from there(which would be the only reason you bought), with the 3 thing mention above you should be buying a boatload at these prices, instead of whining and second guessing yourself. I honestly can't remember the last time I got screwed by someone giving me 10% more of anything.
LOOKS LIKE CEO IS LAUNCHING OFFENSIVE!
During these times when he is counter-attacking the naked short selling mm's, I just hope he is finalising a the last details so some of the wells will go online soon.
Would be great to hear additional 'online well upgrade' announcements.
Rocky Mountain Energy Corporation Announces Dividend Instructions
Houston, Texas - December 6, 2002 - Dear Shareholder, As some of you are aware who deal with a certain large discount broker, the dividend has already been applied to your account. This obfuscates the need to send in your certificate in order to receive the dividend. Frankly, we are not dismayed, but certainly shocked to see that actions were taken by this firm that slowed down buying in our stock on the excuse that they did not want to deal with a paper certificate, and then they unilaterally issue the dividend electronically. Since I have not mentioned the name of the firm (those of you who use them already know who it is) and state that it does raise a question as to motive; why are they trying to stop their RMEC shareholder from demanding their certificates.
As this situation represents such a large number of shareholders, we have decided to simply issue the shares automatically as of today, December 6, 2002 (settlement date). Therefore, do nothing. Your shares will be credited to your account automatically.
This does mean that we will be going ahead with the CUSIP change. There is no way for even a large brokerage house to avoid sending in a certificate to obtain a new certificate with a new CUSIP number.
It is surprising to see all the help the "naked shorters" get from otherwise respectable firms.
Those of you who are involved with either Ameritrade or Schwab/Jeffries can be of immense help. If you demand your certificate, then someone will have to cover in order to provide the shares. If the naked shorters are forced to buy the shares then much of the allure of naked short goes away. In fact, a naked short has 100% profits on their sales up until they have to cover. So, if all of you would demand your certificate then there will have to be covering on the stock at those houses.
Do not let the brokerage houses tell you "7 or 8 weeks" to get a certificate etc. Schwab provided a certificate within 5 days last week with the proper insistence. You will have to insist. They would rather not provide the certificate.
The above is a very positive step that can be taken by our shareholders to take a shot at the shorters.
We will report on the proposed CUSIP number change in the near future. Thank you for your support. We will continue our efforts in building the company through acquisition and development of oil and gas properties.
About Rocky Mountain Energy Corporation
Rocky Mountain Energy Corporation, based in Houston, is an emerging developer of proven oil and natural gas reserves with assets in the resource-rich area of the Rocky Mountains. Rocky Mountain Energy's diversified production mix allows us the opportunity of cash flow with predictable production. Rocky Mountain Energy's strategy includes a property mix of producing and non-producing assets. The producing properties provide immediate net income and cash flow while non-producing assets will provide Rocky Mountain Energy with future development opportunities and, ultimately, reserves at a reduced cost. With a management team that has over 100+ years in the oil and gas industry, Rocky Mountain Energy knows how to increase production, expand profit margins and maximize field potential. Its team of highly qualified technical professionals can examine old wells and find indications of producing zones that have never been produced, as well as develop the known proved undeveloped reserves which are the basis of any acquisition.
Company Website: http://www.rockymountain.cc
Thanks, for the feedback......
Dear Rocky
If you visit http://www.rockymountain.cc/
You click on letter from ceo and read the letter before last.
The naked short selling continues.
But come next week, this kind of price slide should stop.
I know it is a tad unnerving.
Courage.
One of the 'bashers' on raging bull posted some very good DD on REGY about 3 weeks ago. I can't remember who it was but I will try to spot it for you and post you a link.
Robert
Does RGEY concern anyone?
PLEASE if you are smart, read up on RGEY and ask yourself are we being tricked?
I have owned this stock for about 3 weeks (bought at .26 and later on .27) and yes I am new to this board but I have been on Raging Bull (djfsmr)
I did some DD (should have done this 3 weeks ago...) and found some really scary information about RGEY.
For those who dont know, RGEY was John Ehrmann's previous company. Read what they planned on doing, compare it to what he has said about our RMEC, then look where RGEY is today.
PLEASE PLEASE someone convince me we the shareholders arent getting screwed here.
I read a posting here from a few weeks back stating an email was sent to John regarding RGEY. Did he ever respond?
I am not a paid basher or whatever, just a concerned investor. History repeats itself.
I AM NOT TELLING ANYONE TO SELL, JUST DO SOME RESEARCH ON RGEY.
If I did get screwed, then I hope I stop someone else from losing money. I wish someone did this for me 3 weeks ago but maybe I am wrong, someone convince me.
DoubleH(djfsmr)
Idon't understand why it is inching its way down.. All the is news was positive. Any one have any clues
Caz
you may wish to look up VTSI. I'm still doing some digging on it, but it looks like it is very close to the right time on that one and it seems like one that is up your alley.
Robert
Thanks for Your Appreciation
Sometimes Robert I get inspired.
There were a few days last week
I do not know what came over
me.
But I am passionate about the potential of rmec.
Otherwise I could not invent a lie.
I like this board
I like cbs marketwatch too
You can read other rmec messages there too.
The LYCOS board is "alot of kaka".
So far the best "meaty comments"
I read at cbsmarketwatch
here's the link:http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=RMEC&sid=1156378&freq=1&time=3...
If it does not work, copy and
paste it in your browser and click go..have a good one Robert..
Good night Robert..
Cher Robert,
Il y'a beaucoup d'opportunite a faire l'argent.
Translated Rob means
There is and has been
and there will always be
plenty of opportunities to make money.
What I try to remind myself is this:
Any stock is not as important as "Brigitte" or anyone that you love.
Any stock is not as important as your health,
your self respect.
All stocks are but ships "pre destined"
As investors we have no way of knowing how far "any of these ships" will take us on our destination.
I like to consider myself a long
but for me a long is someone who has been trading and earning a living for nat least 10 years.
I have not gotten there yet.
The best "stocks" will be the ones that are poised to
exploit Uncle George's vision of an effective Homeland Security.
The gov't will be spending a fortune.
Any corp with a service or product designed
to help the gov't achieve its objective will be filthy $$$.
There sure has been great trading opportunities for anyone who has been willing to ride them. One had to wonder if they will continue or if a trend will ever emerge out of the volitility.
Robert
Wednesday was a Good Day
And the rest of the week will be better.
With each day that passes,
when i visit different message
boards, I see different names; which means
that we are attracting a new line of investors.
If that is the case with you, then I welcome you on board
and I hope that you will stick it out cause the ride
will be very interesting, I guarantee you.
If you have not looked at the website of rmec,
then I suggest you do
You can get additional information at
most online info sources (cbs marketwatch, msn, etc).
In a nutshell, the strategy for rmec
is to buy properties with existing reserves.
The company increases the "flow" and makes money.
The company has secured up to $100,000,000 of
financing for the development of many of its properties.
Some of these properties will be generating cash
within 6 months (or sooner) and a whole lot more
will "bring home the bacon" about a year from now.
In the meantime, to increase cash flow and to improve shareholder value the company continues to search
for companies that already are generating
a cash flow from their properties.
So you see, rmec in a way, is like a baby
but a very special baby with alot of talent
and just needs a bit of time to make it happen.
The ceo wants to move the share off
the otc board. He believes and so
do I and whole lot of folks; that once we are
on another exchange, the share will go up
a whole lot faster.
He has a good strategy.
The share price right now is "a steal"
considering the actual
value "of the reserves the company owns".
These reserves, they're a bit like "money in the bank".
The reserves guarantee the company's future.
It is just a question of time to develop
these properties while at the same time
the company is looking more "money-making properties."
So it looks good.
As for the market share price:
Price of the share has been zig zagging for the last 2 weeks.
If all goes well, we will close higher tomorrow.
I won't say a number cause I am superstitious.
Good night to all and God bless!
We're not far away
From a better day
A day when we will see
Shares a climbing well.
From week to week we'll see
Them going up afar
In between the weeks
Some days we'll see'em drop
But still
From week to week
The price
Will continue to rise.
My patience
is all I need
to meet my
financial objectives.
While sheep will lose their hides.
We will stand to benefit.
As RMEC turns to rise
And spread its wings to $$$
It's just around the corner
Soon you'll find some peace
No cause for you to worry
No cause for bulls to fear.
And when we come to think
The thing that we are missing
Time is what we need
To have a fruitful crop.
The goods the co has
To yank it from the ground
Time is all it needs
To sell what it takes out.
So bulls let's all be patient
Decisions must not come quick
The week will end up nicely
And the weeks that come after that.
THE PATIENCE THAT YOU HAVE
WILL FINALLY PAY OFF DEARLY
I RAISE MY GLASS TO ALL THE BULLS
I RAISE MY GLASS TO YOU!
GO GO RMEC!
GO GO BULLS!
I believe in Rocky Mountain Energy. I believe this company will make money for themselves and their shareholders.
DAY TRADER LONGS VS SHORTS VS LONG TERM LONGS
Old style long buys
the share at a buck (to say)
and forgets about it..
looks at his account
around thanksgiving,
christmas..till next year;
and his /her point of view is this
"If you are going to sell it tomorrow;
why bother buying it today?
Don't you know that one day,
you will lose everything silly?"
That's the mind set..get it?
That's his way/ her way.
LIke I tell my sister..
"Drop Company x, Buy Company Y.
Company Y IS GONNA MAKE MORE MONEY!"
She doesn't listen, doesn't want to consider,
Thinks everyone is a stupid idiot.. ends up
making more money because of patience; sound familiar?
The Long Day Trader is an
upside down version of a short.
What the short "day trader" likes to do
"the long does it too" but upside down.
The long "daytrader" will buy
on a dip or bid "all or none much lower
than "ask"..a bit like a short that is covering.
"Wow, I never saw it that way!" says Brigitte
Then, if she is lucky;
within minutes of the buy,
(or the next morning)
she sells the share for 3 cents more;
and because of the quantity involved makes a profit; anywhere from 300 bucks to 10,000
depending how much she put at stake.
"It also depends on where you shop" says Brigitte
Really does not give a hoot about the company
for as long there is enough interest
in the company's stock so that
her transaction can go through
quickly because of a high volume.
"Have you been spying on me Caz?" says Brigitte
What day traders and shorts
do to the markets is create an
artificial large volume based on patterns..
if you look at rmec day to day
you can spot the pattern.
It's almost as if they are both
doing the dance at the same time
but wearing a different jersey.
Could it be that they are doing it together?
"Oh Caz I love it when you speak in passionate terms!"
"Babe I'm working";
protests Caz then says
"Where's the new dress Brigitte?"
"Time to play Caz" Brigitte insists.
"O.K. This time I am the DOC and you are sick , ok?"
All this pumping and dumping slows down the stock.
Why? Just when the 1st wave of bulls are about to buy another chunk, the shorts "pounce" or the day-trading longs dump, driving the share price down; and bull sentiment.
Why does the day trader do this?
The day trader is too short sighted to see that
"Hey, if i back off a bit, i bet, i will make as much money, if i buy it once, and i sell it in 3 months."
Case in point, nortel about 2 months ago 55 cents.
Some folks bought 20 thousand shares and sat on it.
Those who did, yahoo!The share hit 2.50 recently.
Do the math.
The day traders who bought NT at .55 and sold at .90
Jump to another stock make some $$
Jump to another lose a bit$ Jump again make $$
Then come back to NT and
they have to pay alot more $$ to own less shares
than they would have owned
had they just taken a break..
It's ironic that we don't see this.
So if this is my theory and if this is true,
who benefits by this?
Who is making loads of money ?
The bears? The bulls?
Hell no!
The GEE-TRADES," "you trade,"
>If every investor in america can be taught
to trade 20 times more often,
then the TRADING INDUSTRY WILL EARN 20 TIMES MORE.<
Some of these companies offer
one day "seminars on day trading-free".
Does yours?
Mine does.
Timing a market, is a full time job!
Those who attempt this will tell you
that eventually the mistakes catch up!
It does not work!
So here is what I propose
to you the day trader..
and you know
that I know who you are.
"You know that I know who you are? ", says Brigitte
"A poet like you..should be a star."
"ALL the stars I could ever want
I found in your eyes Brigitte, ma belle!"
Let the money sit in the shares.
Take a break.
Go for a walk.
SAY HELLO TO YOUR FRIENDS
Move away from your pc
Visit a loved one at noon.
Make up with the wife
Open a bottle of wine
For Pete's sakes
A good CAB
and invite me over
hah!
"Brigitte..control yourself!"
Come look at it again in a month.
You won't be sorry
Believe me, as a bull
I have nothing to gain by lying.
What do you say day trader?
We got a deal or what?
As for you the short, here's the irony..
The short on the OTC is too parnoid
that the stock could turn around on sentiment.
It's true. It happens
Why do they get burned?
Because they BELIEVE
the stock is a "dog"
not because of "fundamentals."
The short says "It's a dog cause if
it wasn't a dog it wouldn't be at 10 cents.
That's why I am shorting it."
So we try to explain
"Bro..look what it has;
it has all the elements except
the history because it's a baby.
How can a baby with no prior
"dog" history be a "dog"?
Refusing to judge based on fundamentals,
both bears and bulls make the mistake
of "not wanting to look";
"coming to incorrect conclusions"
and then disaster strikes.
Some spend countless hours bashing
when they could be researching
the next stock to invest in.
Us bulls waste our time
responding to posts designed
to take us away from
what we were doing.
Why do I post?
My intolerant choleric nature
calms down when I write.
I also calm down
when my babe's around.
And if what I write makes
any sense at all
I enjoy my cabernet
I guess the same way
anyone would.
"Babe, how long can a girl wait?" Brigitte says
The car is packed? Caz asks
"Yeah, and you are gonna love my new dress"
"Mmmmm" "sorry guys, got to go."
Eventually the tides shift.
Case in point RMEC.
In the last week, shorts have had a "party".
All that is going to change soon.
Today?
Tomorrow?
Tomorrow after that?
It's not a question of if.
It's just a question of when.
My advice to the short?
Cover your position and take a break.
Do not gamble all the money you've made
On one last bet.
It would be pointless if you do.
Still some of you will.
Rushian rollette.
Instead; do what I do
Whenever I have a great week;
As a long of course.
Book a week-end with your favourite "Brigitte"
"Ah Brigitte je t'aime je t'aime bizoo.mm"
To that place you always wanted to go
But never made the time of day
Cause you were too busy
Who's the winner..you or your pc?
"You gonna love my new dress, Caz";
whispers Brigitte
"mmmmmmmmmmmmmmm"
Just wanted to thank Caz for his posts here on ihub, they are of great quality and interest. This board is a pleasure to follow without all the bull of other boards.
Robert
Rocky Mountain Energy Corporation Acquires Trinidad Coalbed Methane Project
Business/Energy Editors
HOUSTON--(BUSINESS WIRE)--Dec. 3, 2002--Rocky Mountain Energy
Corporation (OTCBB:RMEC), a Houston-based oil and gas company which
purchases producing and proved oil and gas reserves, today announced
that it has purchased the Trinidad Coalbed Methane Project for
$150,000 or $9.13 per acre.
The acquired property consists of 16,438 acres in Las Animas
County, Colo., and Colifax County, N.M., in the resource-rich Raton
Basin. The Raton Basin is estimated to hold some 12 trillion cubic
feet of coalbed methane gas.
"The Trinidad project is an ideal acquisition for us since it is
geographically favorable to us and has a great deal of potential for
generating sizable production income for 2003," said John N. Ehrman,
president and CEO. "In addition, the lease itself will be used for
development financing, so we have been able to be fairly creative in
structuring this particular acquisition. Upon development this field
should produce in excess of $3.5 million per month to Rocky Mountain
Energy. We are building quite a large position in gas in the Rockies
with these long-term low decline gas supplies which is exactly what we
intend to build our company on."
Ehrman said the estimated reserves of the Trinidad Coalbed Methane
Project are 200 Bcf, being 100 wells drilled on 160-acre spacing at an
average of 2 Bcf per well. Under the terms of the purchase agreement
the seller has also agreed to provide development capital to produce
and maximize cash flow on the lease. "We have the gas in the ground
and the capital to get it out. We are well situated to post
significant earnings per share due to this project," said John N.
Ehrman, president and CEO. "Our focus is on sound fundamentals. We
want to produce gas and increase revenues. This is custom-tailored for
our goals."
The company expects to begin development in March 2003. Drilling
will be done in "five spot" patterns, being four gas wells drilled
around a saltwater disposal well. Coal gas wells produce water along
with the gas.
Coal gas wells are very low-risk drilling. The gas is found in
layers of coal which blanket an area in the thousands of acres. The
chances of drilling a well into a coal bed and not hitting are remote.
Once the well is completed, gas and water are produced with the gas
production rate increasing as the wells dewater. Drilling is done in a
five spot pattern, being four gas wells drilled around a centrally
located water disposal well to insure water disposal to aid in
production of the gas.
The gas will be marketed through the El Paso (NYSE:EP) gas line
running near the field.
Each well after dewatering is expected to produce 400 mcfpd or
$35,000 per month net at today's prices. The program calls for 100
wells to be drilled. After completion, cash flow, assuming a 10%
decline rate per year, would be $3,500,000 per month, assuming current
gas prices. Development drilling is expected to begin in March 2003
and extend to 2006.
"This is an aggressive program," said John Ehrman, "however we
believe we can achieve it by use of our plan to use our own drilling
equipment and joining a major well service company in a strategic
alliance to provide our completion work. This not only lets us stay on
schedule with drilling, but also keeps our costs down by an estimated
35%, thus providing more shareholder value."
Rocky Mountain's field is located between the Trinidad gas field,
which has produced over 150 Bcf gas to date, and the Garcia field. The
coalbed sections average 12 feet to 14 feet in thickness and wells are
estimated to produce up to 2 Bcf per well from a relatively shallow
3,300'. The discovery well, Phillips Petroleum #6-17 was completed
from 3,055' to 3,240' in 23 feet of coalbeds. Reservoir shut-in
pressure was 1504 psi. After twenty-four years of production, shut in
pressure was still 1472 psi, denoting very little decline and
indicating large volumes of remaining reserves.
Coal is the most abundant energy resource in the world. There are
an estimated 700 trillion cubic feet of coalbed methane gas in place
in the lower 48 states, with most of that in the Rocky Mountain
region. The coalbed methane wells are largely shallow, low-risk
deposits that have very long production life with low decline rate.
About Rocky Mountain Energy Corporation:
Rocky Mountain Energy Corporation, based in Houston, is an
emerging developer of proven oil and natural gas reserves with assets
in the resource-rich area of the Rocky Mountains. Rocky Mountain
Energy's diversified production mix allows us the opportunity of cash
flow with predictable production.
Rocky Mountain Energy's strategy includes a property mix of
producing and non-producing assets. The producing properties provide
immediate net income and cash flow while non-producing assets will
provide Rocky Mountain Energy with future development opportunities
and, ultimately, reserves at a reduced cost.
With a management team that has over 100+ years in the oil and gas
industry, Rocky Mountain Energy knows how to increase production,
expand profit margins and maximize field potential. Its team of highly
qualified technical professionals can examine old wells and find
indications of producing zones that have never been produced, as well
as develop the known proved undeveloped reserves which are the basis
of any acquisition.
For further information, contact John N. Ehrman 281/448-6500 or
visit our Web site at (www.rockymountain.cc).
Statements regarding financial matters in this press release other
than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934, and as that term is defined in
the Private Securities Litigation Reform Act of 1995. The Company
intends that such statements about the Company's future expectations,
including future revenues and earnings, and all other forward-looking
statements be subject to the safe harbors created thereby. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
--30--JV/ho*
CONTACT: Rocky Mountain Energy, Houston
John N. Ehrman, 281/448-6500
KEYWORD: TEXAS NEW MEXICO COLORADO
INDUSTRY KEYWORD: OIL/GAS ENERGY MERGERS/ACQ
SOURCE: Rocky Mountain Energy
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Dec-03-2002 14:15 GMT
Symbols:
US;RMEC
Source BW Business Wire
Categories:
MST/R/US/TX MST/R/US/NM MST/R/US/CO MST/I/OIL MST/I/OIS MST/S/MRG
SO HOW MUCH WOULD YOU HOLD???
I am not a broker and I usually do not speculate on OTC markets. But after reviewing the "niche" of the company and the actual "properties and reserves" it owns + the information provided by the managaement, I would suggest 10 to 20 thousand shares..if you can.
The price will be zig zagging for the next few weeks until it crosses 1 dollar.
At one dollar, sell one quarter of your holdings to recoup your initial investment.
At 5 dollars sell another quarter holdings.
The rest you hold for 12 to 18 months. Why that long?
Cause the moment we have many wells under development, then the company could be a prime target for a friendly merger.
And the merging price per share would be....quite $$$$
Of course this is my opinion. I made this opinion because i believe it is the intention of the company to develop to the maximum capacity all of the wells. By maximizing the capacity and by bringing on line all reserves/wells the company will attain maximum cash flow/increased profits.
Imperial Oil is trading around 30 dollars.
In two years from now RMEC, with its limited number of shares in circulation, if earnings are 1 to 3 dollars per share than the price of the share could be trading from 10 to 30 times e.p.s.
To all fellow shareholders....congrats..great week ahead!!!
Just Around The Corner..I Can Taste It!
In the face of great challenges, that is when we see the "quality of their courage".
Sometimes people can be tempted to take the "short cut", "lower their standards", to "forget about principles" and literally "slide into the abyss"; doing all this in the hope of reaching position #1 faster then the rest.
But do we?
What is the price a person pays for abandoning his principles?
Is it easy for the NSS (NAKED SHORT SELLER) or the MM (MARKET MANIPULATOR)TO LOOK IN the mirror?
Tragically people only realize the depth of the abyss when they believe it is too late! It is at this point that these folks may make a decision with "sadder than sad" consequences.
With each approaching minute the moment will arrive when the NSS and the MM will hear a knock on the door. When they open the door within seconds, they will be handed the gift of "non-freedom" as they will be lead through stairs elevators to the outside where cars will be waiting with flashing red lights.
This is the price that will be paid for the crimes. No less.
Is their any escape for those who participated in these games?
The only recourse is to "admit the deception and co-operate and make restitution." Anything less than that is "less than acceptable."
For those of you who have just heard about Rocky Mountain Energy and you were refered to this message board, if you are a bull-type investor, then congratulations your timing is perfect! The company has passed through a challenging year and is presently poised to take off financially-to the benefit of all shareholders. The price of the share is a "give-away" at 5 dollars. But it is not 5 dollars. It is around 25 cents. But not for long.
As there will be a limited quantity of shares in circulation, share price will be rising and dramatically it will go!
The reserves are there and the pumps are pumping!
With it the share price will come too!
So if you have not locked into a position with RMEC, you could be paying alot more in one month.
COMMENTS ON FRIDAY AND WEEK TO COME
I expected that the CEO's newsletter would be extremely detailed and informative; more so than anything he has ever written and sent.
I was hoping for something like this because in my last conversation with Steve Lieberman I had told him that the information being shared was not "detailed enough" and because of lack of "details" the naked short sellers were coming up with a whole lot of speculative "babble" that some "unsuspecting folks" were "buying into."
It would seen as though the conversation was productive because the e-mail sent by J.E. was more detailed then ever.
The reaction by shareholders for the most part has been positive. Reading different billboards most shareholders have decided to remain firm.
The trading on the board was rather thin and at certain moments there were extanded gaps of time when there were no trades.
The bulls were sending a message by doing that.
Means that inspite of MM's attempting to instill panick,
we held our ground.
When we know what the "enemy" is "up to" and we know what "his probable moves will be" and when we are instructed on "how to identify those guilty of share manipulation" then my friends, best strategy is to keep a distance and "not to participate"; a bit the same way a "fish refuses bite on the hook".
Then to add insult to these "maggots", I suggest you bump up your "asking price" every 5 minutes.
This kind of "unified action" clearly signals naked short sellers that as "shareholders we are on to their game"; and we "refuse to bite"
And like a "rat" who realises that "the cheese is no longer available"; the NSS (NAKED SHORT SELLER) will "alter
his hunting ground"; probably never to return cause his tracks are "easily identifiable".
But if as a naked short seller, you are absolutely determined to try to "run the rackets number again on RMEC this coming monday"; than at the very least, alter your name to "Stupid Snake" that way, everyone in America, who is drinking capucino like me , can make a toast to the one who had enough "pride and short tern class to come out of the closet and face the music".
"You the self destructive naked short selling "SNAKE" who is unwilling to believe that the highway is a dangerous place to cross when there's a herd of bulls stampeding; bro, get out of the way. You will get hurt.
Do not even bother trying; cause this Monday, we will be more of us watching than ever before; studying your every move.
All this to say, my fellow long term shareholders of RMEC, the glorious days of the "naked short selling enemy" are coming to an end.
Unlike the "cartoon enemies" of my childhood; like the "coyote who wanted to hurt the roadrunner", I confess to say that I will not miss their "lot".
When RMEC shares will be trading on NASDAQ, I and thousands of others will not miss the naked short seller.
We will not shed any tears for the shame that "unscrupulous market manipulators" will BE MARKED WITH ON the days of their arrest.
We will not "feel sorry" for NSS while we drink our "champagne" and toast your "disappearance".
Ironically, the "brains" who "did all the planning" will be the 1st to "sing" so that they will "pay with a smaller sentence".
Naked Short Seller, run babe run!
Too bad there isn't a mountain big enough to cover up your tracks! HA! HA! HA!
Next week I predict that the NSS will be back again and they will try again to deceive. I predict alot of NSS's taking aspirins and emptying their Jack Daniels.
I can see alot of NSS's waking up in the middle of the night; in a "cold sweat"; not being able to sleep and too ashamed to tell their wives.
And I can almost hear the NSS'S "nervously laughing" not wanting to admit that they are "scared"; too dumb to "run" and too arrogant to "stop" cause the "rush of cheating" is too stong to resist.
Few of you NSS's will Be smiling on your way to the office.
Loss of apetite! You'll be thirsty as hell and your palms will be sticky all day! Everytime the phone rings..the heart of the NSS WILL BEAT A TAD FASTER! "Grab the phone. It's for you!"
"Everything is under control."
"Meet me at __ __ 7pm for supper"
That is what your partners in crime will tell you.
But will they be there?
I expect RMEC share price to set a new 2 month high and the week after that higher still. Along the way there will be snakes.
Zig zag movement in share price will continue with daily spreads of 3 to 5 cents.
Also expected is follow up instructions from the CEO with regards to the dividends + a few more cherries guaranteed to push our share value higher!
BIG CONGRATULATIONS TO ALL THE BULLS WHO HELD THEIR GROUND FRIDAY. WE WILL HAVE MORE REASON TO CELEBRATE THIS COMING WEEK!
I've been trying to play catch up the best I can. 57 years old and my experience is all of a month. Just wanted to learn a little more before wading in to post. I'm not a pumper nor a basher. I just own 17,000 shares and I'll hold them until hell freezes over. I know theres a lot going on and have kept up to pace as to the why's..... I tried twice to make buys through Ameritrade so I could come into the dividend with 20,000 shares. I called them twice to get an explanation and got two different answers. I had a minor mad attack and told them I'd feel better with the certificates in my hand, and just got their e-mail saying "it canot be done at this time". All I would like to ask is, am I anywhere close to being in the ballpark with what I've done so far? Thanks much.
BEST STRATEGY IS NO STRATEGY!
So you might ask, as an investor that is bullish on RMEC, how do we deal with the manipulators', how do we benefit?
How do we rise to the moment and be winners?
The "undignified" manipulators will attempt to get you to react by selling. Remember that every down-shift in price is the product of traders doing the zig-zag among themselves.
Why do they do this?
They have to cough up the shares. So they want to pay the lowest possible price for all the shares they need to buy to avoid big fines and jail.They are going to do this by market price manipulation. Now that you know, what do you do?
Nothing. Absolutely nothing. If anything put a very high sell price; just so that these guys will have to chase the share.
Rememeber, they will attempt to force the price down by selling and buying their own shares. They hope that at one point people with real shares will sell out of panick. At this point they gobble up these shares.
But what if alot of shareholders decided not to sell tomorrow?
Volume would be very thin. Come closing hour, agressive buyers will have to bid up the price.
But what if by some strange co-incidence the asking price keeps going up?
If that happens you can be sure that I for one will not be saddened.
As a matter of fact I recommend all shareholders of RMEC pretend that the market is closed. Cause that is what the crooks do not expect and they are totally unprepared for..
The best strategy is to have no strategy..amen..till the storm blows over.
But Caz, when will I see my share go up?
You will see it go up when thenaked short sellers and some of the deceitful traders decide to drop RMEC and they will move on to another share to repeat the same thing. At this point the demand for the share will be stronger than the supply and price will go up.
When do you guess this will it happen?
A few days
HOLD YOUR GROUND..RMEC BULLS
Tomorrow will be an important day in the history of RMEC
shareholders. Best thing to do is "Realize that what you own should
not be given away"
A stock like this should not be sold for pennies on the dollar.
If you are a daytrader you will have a problem. We are not dealing
with nasdaq, nyse, tse.
In the last few days there has been several complaints of orders not
being executed. So selling with the idea of buying again on a dip is
an expensive gamble ...as you could end up chasing the share to a
price higher than what you sold it for.
There are many emotional postings and there will be more.
Selling on fear is disasterous.
Example at one point on Wednesday I saw a last trade at .23
Upon verification of the transaction the size was 100.
Market manipulation.
Had I not verified I may have been fooled into believing the last
trade..and I could have slipped into panick and sold. But following
that I saw several other trades with a similar-lot-share-price
matching- pattern-charachteristics...designed and executed as a
deception to create a panick sell-off.
Remember that a public company is not allowed to tell you about the
plans under negotiation until the contracts are signed sealed and
delivered. This law exists to protect your money.
Naked short sellers will attempt to fool you.
They have alot to gain in encouraging you to sell for pennies
on the dollar.
For as long as the bears do not pay for your plane ticket for you to
visit the company's projects, then what they say is words; with no
proof. If you have the money to buy the ticket, please go, take a
digital camera with you, and record your trip as we would all love to
see; that goes for bears and bulls alike.
If what the company was saying was "mickey-mouse" then my friends,
the share would be trading for .001; not 20 cents, 22 cents, 29 cents.
Tomorrow....do not put a "pennies" sell - order. If anything put your
sell at 5 bucks (Sure would be funny to see a list of sells asks at
$5)
Be aware that market tricksters will try to create a deception; and
the more they panick; the greater the deception.
If you do see a share price dip, verify the lot size...do not be
surprized if you see an "unusually small share size order to buy
all or none at the same time that someone else makes a matching share
order to sell all or none".
How do we beat this? We must conquer our emotions.
Stand firm in your convictions. The same way the CEO is.
Greed has a way of completely taking over someone's discipline.
The bears have had a field day for the last year on RMEC.
They have made a fortune. But folks the fortune that they made; with
deceptive tacticks was not enough. They want more.
What they refuse to believe is that in the roller-coaster of life ,
just as things come crashing down, things rise up.
Case in point. Nortel, Lucent, JDSU, ITWO, RIM....last 18 months
share price crashed for all of the above..bears made a fortune..some
are still maintaining belief that prices will drop yet last 3 months
clearly demonstrate an upswing..like a rollercoaster.....same way
RMEC share is going up.............nothing will stop nt and the likes
from becoming a 20 dollar share..the same way nothing can stop RMEC
from becoming qualified for a better exchange.....trying to fight
this is futile....short sellers are losing money...they should change
sides..join the side destined to win... just as there was a time for
the bears to make money, not it is time for the bulls to make money.
Make no mistake about it. THE CEO WILL FIGHT!
He will use every possible means under law to flush out those guilty
of market manipulation. His intentions clearly demonstrate that
the "interests of the many (the longterm shareholders) out weigh the
interests of the few (naked short selling maggots)".
There is nothing on the face of this earth (even the Devil himself)
powerful enough to hide the tyrants from justice.
Folks the ball is rolling and before this war is over, RMEC ,the OTC,
Market Makers, and certain on-line trading services could end up
being int he spotlight...more so than anything we've seen.
Sorry I cannot provide you with a letter signed by God.
Documentation like that can only be found on the other side.
Those of you holding RMEC stand firm.
You will benefit.
BULLS ARE READY FOR WAR!
In the last 10 days the OTC has demonstrated beyond a shadow of a
doubt, that it is vulnerable to market manipulation and the folks who
invest into companies, expecting to play on an even playing field are
exposed to a number of players who will stop at absolutely nothing to
strip people of their remaining savings and destroy any hopes they
may have of a better future.
Ironically the same people who are playing "dirty" are "digging their
own graves"; because my dear "naked short seller, without investors
investing into the market, the margin is non-existant...you do not
have a playing field..cause the people whom you have exploited will
play somewhere else."
Imagine for a moment if every investor of OTC shares would decide to
pull out of OTC shares and pump the money in NASDAQ, NYSE and other
exchanges. Who would lose? I will tell you who would lose. The
biggest losers would be the "honest"start-up companies who are not
big enough to raise the cash on the other exchanges.
The honest brokers, underwriters and traders will be scratching their
heads wondering where did everyone go while the hands of some of
their colleagues remain "stained by the crimes of their greed."
If as a trader, you are tempted to manipulate and commit the crime,
then do us all a favour. Quit. Cause eventually you will be had.
If you have not been arrested yet, it is because the authorities have
not gotten around to your name on the list.
It is only a question of time and sir(s) the clock is ticking.
I have absoutely no qualms in saying that the greatest abomination is
not in the "crime" but in the fact that the "criminal does not have
enough honor to say he did it; unlike Sicilain counterparts, the
cybertrading manipulator hides in the shadow..absolutely no honor."
The "Sicilain counterpart"proudly states that he did it and is
willing to defend the reason of his action-staking his life and the
lives of his family in the process.His family knows this in advance
and marries into the arrangement aware that one day..he will be gone.
The cyber-trading-crook cons the greedy "to help him participate"
because he does not want to be alone to face the music.
He has no honor. Has no ethics. Truly he is "scum of the earth".
Two different breeds. One who defends his "profession"
risks his life; the other "a spineless weasel,", undeserving of
the "American Dream", cause he does not have enough "class" or
courage to follow the path of "integrity."
Almost as disgusting are the ones who get mislead into believing that
what they are being convinced to do is absolutely legit; that they
will never get caught; a bit the same way the former top brass at
ENRON, WORLDCOM thought that they too were untouchable; and their
crimes were unpunishable- at the expense of the many.
Eventually the "intensity of greed" lures the crook into the pond
again.A trap is laid out and even the "Certified
Experts", who were able to fool the "Gods Of The Industry" get
caught, because the quantity of gold "that they steal from the
innocent" is "never enough". Ironically, it never will be.
Like the "sick gambler" they are addicted to the rush; willing to put
at stake absolutely everything, even the security of their families,
for the rush of "not knowing whether or not they will get caught".
When the wives of these "undignified men" discover the truth about
the true nature of their husbands "actions";they become marked for
life. They lose their homes. The family is put into jeapordy.
And worst of all, the wives and family lose "their right to dignity"
a price the innocent pay once again.
So..sir(s)....if tomorrow you do decide to try to "play the numbers
racket with the RMEC stock again, I want you to know that already
there are many of us watching and your name is on the list.
Sooner than you think you will hear a knock on the door.
My guarantee? "Uncle Sam will not deliver roses."
But as a cousin to a SICILIAN, as someone who has lived in an
environment where honor separates the men from the boys,
as someone who has decided to put his security at stake for the case
of principle and the belief in the "honest way" and "honor";
if you are going to play the rackets tomorrow, if you are going to
attempt RMEC manipulation again, at least be bold about it; have the
OTC alter your name to "CROOK #1, CROOK #2 etc"; that way; everyone
in America who watches the board can clearly decide who they want to
place their bets on.
Rocky Mountain Energy Corporation Announces Dividend Date and Next Shareholder
Update Letter
Business/Energy Editors
HOUSTON--(BUSINESS WIRE)--Nov. 27, 2002--Rocky Mountain Energy
Corporation (OTCBB:RMEC), an emerging developer of proved oil and gas
reserves in the resource-rich Rocky Mountain region, announced as
clarification that the 10% stock dividend announced last week will be
paid on all shares owned or purchased through close of the market on
Wednesday, Nov. 27, 2002.
All shares purchased through the Nov. 27, 2002 close will be
eligible for the dividend, although the trade settles later.
Instructions to receive the dividend will be posted on the Company's
Web site at www.rockymountain.cc next week.
The next shareholder letter will be sent to shareholders on
Friday, Nov. 29, 2002. To receive our next shareholder letter please
sign up at the Web site.
For further information, contact John N. Ehrman 281/448-6500 or
visit our Web site at (www.rockymountain.cc).
Statements regarding financial matters in this press release other
than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934, and as that term is defined in
the Private Securities Litigation Reform Act of 1995. The Company
intends that such statements about the Company's future expectations,
including future revenues and earnings, and all other forward-looking
statements be subject to the safe harbors created thereby. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
--30--AA/ho*
CONTACT: Rocky Mountain Energy, Houston
John N. Ehrman, 281/448-6500
KEYWORD: TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS DIVIDEND
SOURCE: Rocky Mountain Energy
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Nov-27-2002 14:15 GMT
Symbols:
US;RMEC
Source BW Business Wire
Categories:
MST/R/US/TX MST/I/OIS MST/I/OIL MST/S/DIV
I'll do that. Thanks again.
Call and talk to AmeriTrash's "..Compliance Officer.." about your buying problem.
They may fix it in your favor.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
I'm new at this but your post was clear and easy for me to follow which is no small feat. If I may qualify that. I have something called Fibromyalgia. Nothing fatal or dramatic about it, it just tires the mind, at least in my case, to the point where understanding and retention are becoming a thing of the past. I have been reading the posts for days about the up coming dividend and how it is to be handled. My information from Ameritrade is that it all will be done automatically, and had they not cut me off from buying more shares of RMEC I would have settled for that. Now ir seems all is not right in River City. Any opinion or pointing me in the right direction would be most appreciated if your not compromised in doing so. Either way I enjoyed your post.
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