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Can you explain that please? Andora Shares? TIA
thay canceled that, I'm here for those Andora Shares
This company has went in an entirely different direction. They signed a LOI with a pain management patch. I'm surprised that nobody has followed this.
SRGG .02 290kvs38k_vol10dayavg
Seems so thin, a PR sends this flying
I def agree about Vanechanos , seems like that's why they would bring him in
I agree. I picked up a little today. Gonna grab some more this week.
I do. This is just quiet. I think there is something happening behind the scenes. Merger ready.
This has been on my watchlist for some time but I don't have a position yet. I'm still thinking Vanechanos was brought on board to facilitate an RM but it's just speculation at this point. I'm keeping a close eye on it in the event there are any interesting developments.
You still have your position bro?
Price looks attractive here. 2.5 million owners equity and 35 million shares... Should be around 6 cents..
Anyone in this? Looks like they're setting up for something
I bought at year end, average in the low .03's. I sold some, not all, into the recent pop and am now sitting on the bid. There are few shares floating about, so it takes awhile to build a position.
I will keep an eye on this one indeed. Do you have a position in it? If not, what PPS are you hoping to make an entry at?
Good to see someone still here that's been following this one for awhile who can add some insight. I've just started looking into it so I don't own any shares yet but will be keeping a close eye on it for sure.
Yeah, I completely agree these guys will be RM'ing with someone, they didn't bring Vanechanos in for nothing.
The Company also entered into a consulting agreement with Mr. Vanechanos for the period from May 1, 2011 to December 31, 2011 which provides that in addition to his Director’s duties he will provide the Company with consulting services to assist the Company in mergers & acquisitons, new financings, and other business opportunities at a fee of $5,000 per month which will be deferred until a liquidity event occurs.
I wonder if their IR guy is still with the company?
Best I can tell EPEC Biofuels Holdings looks like a private company, how nice would it be if that were the merger candidate. :)
They rescinded the agreement regarding the SEC-Compliance assets. It is obvious the company has changed directions. The two most important filings have been the recent 8k's. They are bringing on a new board of directors. These guys are here specifically to bring in a RM candidate. Filings keep coming. CEO Jaimie Schloss's employment agreement expires on June 30th.
Keep an eye on this one. Follow the filings. Get in when no one is paying attention.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.
On April 28, 2011 the Company elected Steven L. Vanechanos to the Board of Directors, increasing the Board to six members. Effective May 3, 2011, Mr.Vanenchanos was granted five year stock options to purchase 500,000 shares which vest ratably over a twelve month period and are exercisable commencing June 3, 2011 at an exercise price of $0.064 per share.
The Company also entered into a consulting agreement with Mr. Vanechanos for the period from May 1, 2011 to December 31, 2011 which provides that in addition to his Director’s duties he will provide the Company with consulting services to assist the Company in mergers & acquisitons, new financings, and other business opportunities at a fee of $5,000 per month which will be deferred until a liquidity event occurs.
Mr. Vanechanos, 57, is Chairman of the Board of EPEC Biofuels Holdings, and serves on the Board of Directors of the Sweet Sorghum Ethanol Association. EPEC is a biofuel company pioneering the use of Sweet Sorghum for farm integrated ethanol production.
Mr. Vanechanos served on the Board of Governors of the American Stock Exchange from April 2005 until it was sold to NYSE/Euronext in 2008. Mr. Vanechanos Chaired AMEX's Technology Committee and served on both its Audit Committee and Finance Committee. Vanechanos is also the founder and CEO of Third Millennium Strategies, Inc., a strategic, management and financial consulting firm to SMEs.
Prior to Third Millennium, Vanechanos was founder, CEO and Chairman of DynamicWeb Enterprises, Inc., a B2B e-Commerce company. Vanechanos successfully guided DynamicWeb, from inception to business combination with eB2B Commerce, a NASDAQ listed company, in a transaction that valued DynamicWeb at nearly $50 million. Vanechanos was awarded US Patent #5,884,309, “Order Entry System for Internet” for pioneering e-Commerce work.
Mr. Vanechanos received a BS in Economics from Fairleigh Dickinson University.
On April 29, 2011, the Company extended the amended employment agreement of its Chief Executive Officer and Chief Financial Officer, E. Jamie Schloss, from April 30, 2011 to June 30, 2011 on the same terms as his prior amended employment agreement.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7908781
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.
On May 16, 2011 the Company elected Bruce N. Gallo to the Board of Directors, increasing the Surge Board to seven members. Mr. Gallo’s term will expire one year from the date of his appointment unless renewed.
Effective May 16, 2011, Mr. Gallo was granted five year stock options to purchase 500,000 shares which vest ratably over a twelve month period and are exercisable commencing June 17, 2011 at an exercise price of $0.039 per share.
Mr. Gallo, 56, worked in various capacities in the commodities business for 30 years until his semi-retirement in 2007. His career started with Shearson Loeb Rhoades in 1977 as a stock and commodity broker. In 1978 he joined the Comex as a trader. He subsequently held various positions with different companies on the Nynex, most notably Phibro Energy where he was a vice-president from 1988 to 1995. In 1996, he formed an independent partnership named Top Energy at which he was a managing Director. Top Energy specialized in international oil trading and it had major oil companies world-wide as clients. In September, 2001 Mr. Gallo formed his own firm, M. W. Futures. His main responsibilities as President of M.W. Futures were to generate new business and supervise the growth of his company. After five successful years, Mr. Gallo, liquidated M.W. Futures and retired. Mr. Gallo presently serves as commissioner on the Bridgeport, Connecticut redevelopment agency as well as co chairing the energy independent district of Bridgeport, CT. He attended Kingsborough College from 1973 to 1975 majoring in marketing and Brooklyn Tech from 1968 to 1972.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7945330
This is being set up for a reverse merger. Writing is on the wall. I bought some at the year end dip, sold a bit in the last pop, but still hold onto a bunch until these guys announce a candidate.
Yeah, I'm not in this one either, just poking around for now. Might contact IR and see if there are any interesting developments or if anything is being done to increase shareholder value.
They acquired some assets late last year. I'll have to look into it further: Here
Per the 8-K from May 18, the newest member of the Board (Bruce Gallos), has stock options exerciseable on June 17 for 500k shares at $0.039; the shares are currently trading below that amout so I'd expect it to go back up. It went to $0.14 not too long ago, a PR should move this.
This is interesting:
Mar 31, 2011 FRITZ MARK C [Beneficial Owner (10%)] direct Buy 0.06 250,000
This guy bought $15k worth at $0.06, I'd be surprised if he sells at these levels and take a loss.
I'm not in this as of yet. But I am considering it as the price drifts below the stock options price of $0.039
I haven't had much time to focus on this one. That Steven guy has an interesting background:
Vanechanos brings a strong set of skills and experience to the position, combining entrepreneurship, corporate governance and knowledge of the inner workings of Wall Street. Vanechanos served on the Board of Governors of the American Stock Exchange from 2005
through its sale to the NYSE (NYX) in 2008, serving as Chairman of its Technology Committee and on both its Audit Committee and Finance & Budget Committees. Prior to the AMEX, Vanechanos was founder, CEO and Chairman of DynamicWeb Enterprises, Inc. (DWEB) an Internet e-Commerce company.
GB did you find anything interesting when you did some digging on this one?
I see they added a couple of new guys to their board of directors recently. Of of them is Steven L. Vanechanos, the Chairman of the Board for this company:
http://www.epecholdings.com/
Maybe these guys are going to switch gears and focus on renewable energy or biofuels? Looking at the balance sheet, the oil and gas business doesn't seem to be working out too well for them.
I gotta do some research on this one and see what I can dig up.
This thing will FLY on good volume. It's worth taking a look into.
The O/S is very impressive on SRGG: 35,887,387
Funny. I just noticed the same thing.
Have a strange feeling this board will be picking up in near future
This stock is rated as strong buy on barchart.com
http://www.barchart.com/quotes/stocks/SRGG
thanks for the summary on that activity.
you took over my board ! lol.
will be interesting to see what's ahead for Surge.
It used to have more promise and stability.
You are correct there is no evidence of dilution. But on Aug 24 they filed a SB 2 for 14 selling shareholders and the total amount of shares is 14,249,730 and thats quite a bit for a company with 28,970,000 S/O. So investors that read and understand toxic filings sit on the sidelines and wait. It takes 3 to 9 months to get approved depending on the letters of comments from the SEC to the company. Some times the company puts out a blockbuster PR to offset the sellers from the SB2. Plus those 14 people do not have to sell there stock. Yes SB 2s, S 8s, and REGDEX filings are called TOXIC filings and I Hub has a board for them under TOXIC
Plus l think in July another SB 2 was filed for over 18 million shares That took place when the PPS was .42 these filings scare investors away. Going back further Feb 27 they filed a 424B3 to increase the S/A from 75 million to 200 million S/A And on Jan 3 they filed a REGDEX l dont know if was for one million or 5 million dollars. But all those filings hurt the PPS
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5394739
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5284370
SRGG 3-month. I see no evidence of dilution..
why do you think they wont be able to produce under current managment?
been watching this one to break out of this base...what do you all think of this stock?
Dallas, if your right then PRVB shares would go to da moon..!
My take on the current situation is that SRGG and DWOG are worthless, and that is why they are crashing today on very heavy volume.
These stocks will never produce under current management
Why would PRVB (Powder River) want to acquire these companies, when it would be easier to just acquire the properties instead.
PRVB has the CASH and the $250 Million Chinese Funding Available
I predict in the end, DWOG will be another empty public shell company looking for a new business venture
here is the last 10-Q. The next is due in a week or so.
http://sec.gov/Archives/edgar/data/1053648/000101968706002736/surge_10qsb-093006.htm
They don't have revenues yet. That's why the share price isn't following the price of oil. When they enter revenue phase it will react more closely.
Surge is a very future-based company.
this article explains the relationship with Surge, Signet, and Deep Well pertaining to the Sawn Lake area.
http://www.surgeglobalenergy.com/newsroom/12_july_06.htm
RonnieD...one more thing...look at the 10 day average volume of both DWOG and SRGG and see what they have been trading today and this is with oil at $60:00 which should triger buying in oil stocks not selling....Comments please.
RonniwD.... what do you know about the DWOG AND SRGG are they owned by the same Company? Both their stocks share prices have been drifting lower but PRVB moving higer since the DWOG announcement.
what's the ownership / JV relationship between SRGG and DWOG ?
I forgot..
i could use some help updating the ibox.. out of the loop on this one..
I tried to do a little DD on this Powder River (PRVB) and Deep Well deal
Was able to speak to IR over at PRVB..........said he wasn't able to say much about it......but Oil Sands deal for PRVB looks real good..............may take 3 weeks for the deal to develop.........hes confident it will go thru.....
DWOG just came out with a GAG order.Obvious something is going on
or that wouldn't have been needed. IMHO i think it might involve PRVB Chinese OilPonds investors.
i have no idea but i just sold PRVB today when the news didn't make it move.
What attracted me to SRGG was the non-oil sands reserves.
I still see oil sands as a long-term industry, and yet not as favorable as traditional reserves..
anyone that wants to be assistant here let me know..
What Does this new PRVB Oil Sands Deal Do for SRGG and DWOG?
Powder River Enters Canadian Oil Sand Market
Monday February 5, 7:00 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Feb 5, 2007 -- Powder River Basin Gas Corp. (OTC BB:PRVB.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has signed a letter of intent with Deep Well Oil and Gas Inc. to purchase an interest in their North Central Alberta oil sands project.
The project is in the Sawn Lake Oil Sands Development located north of Peace River in Alberta's prolific oil sands.
The unit contains approximately 43,964 acres and has an estimated reserve of 819 million barrels of oil. Three development wells have been drilled on the project through the Bluesky formation which shows a pay zone approximately 2000 feet thick.
Powder River Basin Gas Corp. will complete its due diligence over the next few weeks, and expects to be part of the development program as it is brought into production.
"This is a significant and exciting opportunity for Powder River as we expand into the Canadian oil and gas market. I am thrilled that we are continuing our plan to move the Company into a position for even more international exposure," stated Powder River Basin Gas Corp. CEO Brian Fox.
Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.
Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contact:
Contacts:
Powder River Basin Gas Corp.
Steve Weiss
Investor Relations
(609) 529-3671
Email: info@powderrivergascorp.com
Website: http://www.powderrivergascorp.com
Princeton Research Inc.
Mike King
Market Analyst
(702) 650-3000
--------------------------------------------------------------------------------
Source: Powder River Basin Gas Corp.
definitely setting themselves up for some very long term oil production. it would appear they have enough reserves to last well over a decade..
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