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Bollies are getting tighter eom
Nothing new - still waiting for a PR or a filing. Could see an 8-K or other soon
You call that luck?? I told you guys this would trade down to .0001 In hinsight I should have shorted it after I sold out at .045
Unless GSI actually gets their financials in order and books some revenue it will continue to trade at the bottom end of the sub-zone.
The only people "buying" this story are the few that post here and they have no choice but to wait.
Closed HOD @ 5.09 with strong bid support
Whoops - market on close order @ 5.08 - still a strong showing for the day
NG @ 13.00
Mathematics is the Language of the Rich
If you guys are looking for another play in the gas arena take a look at CHQ
Gas nearly 13.00
Steady back-filling and accumulation upward - seems there is some resistance here but traders arent hesitating to step up to the plate. Cant see this being a good near term short.
Why is DBRM such a secret?? We should have easily seen a good pop in the stock today on increased volume but the PR event went mostly un-noticed. Was it already in the price of the shares?? Seems to me we are considerably undervalued considering the balance sheet and the joint venture with Chevron.
At least boardmarks are on the rise - picked up about 4 people in the last week.
Chart for DBRM??
Chart for CHQ??
I use TD Ameritrade and own 3000 shares of CHQ - they must be lent out.
Well, youre not going to get me to sell. In fact, if it dips I'll buy more.
KOL looks like you might grab a few points on the downside but youre shorting a whole sector which is entirely different than shorting just one stock
Anyway, good luck with KOL - Im not a big enough man to wish you well on your CHQ short - its contrary to my own personal wishes.
You want to short this?? Have you looked at the volume the last two days?? I guess it takes all kinds to make a market.
Mathematics is the Language of the Rich
Looking good!!
The word has been out for awhile - the SEC stopped Slaton dead in his tracks
Im in this too along with a few other petroleum and gas plays - right now Im focused on buying CHQ
http://investorshub.advfn.com/boards/board.aspx?board_id=11718
Jersey why dont you just come out and say it - if you didnt do the financials they might not ever get done and you are stuck in this crap to the tune of 50G that you cant afford to lose.
I hope for pennypushers sake you can actually come through with this as he is in the hole for 10G of borrowed money. Personally, I wouldnt get involved for fear that the SEC is investigating and there may be more to this than Slaton has led you to believe.
Mathematics is the Language of the Rich
Searching for the next Mexco - bought some CHQ in hopes of getting a huge run.
You do realize that the volatility we are seeing is representative of a company going into bankruptcy? The website has shut down and it seems that IGPG doesnt have the cash to get rid of Cornell. Maybe management will consider a buy-out or sell some of their property to pay debt. Anything is a possibility right now.
Im just hoping we survive
Bizarre trading last two days
How the hell would you know??
I use a VISA debit card - does that help your holding?
My FICO is 794 per Transunion - I get a ton of credit card BS trying to get me to borrow at 1.99%...I just shred it all. I dont borrow to buy anything, much less stock.
I hope this works out for you or else you will learn a hard lesson in borrowing. I would guess that you have at least 10G wrapped up here - ouch!
Mathematics is the Language of the Rich
It could mean that IGPG is discontinuing operations but we'll have to wait and see - it also could just be that a server is down.
Dont tell me you spent financial aid money to buy GSI
Website is down - are they going to BK??
http://www.ignispetroleum.com/
redsox - is IGPG worthy of a chart??
Hi Ken - do you think it is possible for IGPG to move up while in quicksand?? CMF shows that cash has been moving into the shares:
http://stockcharts.com/charts/gallery.html?IGPG
Whadayathink?
http://stockcharts.com/charts/gallery.html?IGPG
CMF looking to go positive after a long period of negativity...we could presumably break .02 but with no news from the company I'm guessing we wont stay up.
Im going for broke since I can afford to lose what I own. If this doesnt go bankrupt there will be a whole lot of upside from where we are now.
Technical rally - will be short lived. If you want out the time will come very soon.
http://www.jimsokolove.com/
Mathematics is the Language of the Rich
I told a friend that if she wanted to invest a small amount of money in hopes of getting a large return that she should look into GSI - she's going to be disapointed now but I told her it was extremely high risk
Me - Ive been out for a long time
Slaton is finally at the end of his rope but the worst thing of all is that he has dragged other peoples money down with him.
Jerseyboy - why dont you spare the board your conversations with Slaton. You are the only one that keeps saying things are just about to happen week after week. After Slaton himself, you are the foremost perpetrator of pumping this crap and getting people to believe in this ill fated "investment"
IGPG LLC is a wholey different subsidiary of the company and therefore is owned by Silver Point until a % is recognized by IGPG LLC. Cornell cant claim ownership of the Barnett since its outside of the rest of the companies operations. If you think Cornell is going to get their hands on Silver Points properties through bankruptcy you are sadly mistaken. Silver Point has all the control over the Barnett - they can cease operations and let Cornell BK the rest of the company and leave the game with their propspects.
Fees for being in default
Let that be our secret
The substantial increase in natural gas production and increase in condensate production is primarily attributed to the workover of the Acom A-6 well in Chambers County, Texas in the three month period ended September, 2007. The average price we received for condensate sales is generally at market prices received at the wellhead. The average price we receive for natural gas sales is approximately the market price at the wellhead less transportation and marketing expenses.
Acom A-6 - Over 9 Bcfge potential; 25% WI, 18.75% NRI
Chambers County, TX Low-to-moderate risk (40-80% success likelihood)
One well, cost to develop: $1.4 million, net
NPV10% (at $6 per Mmbtu gas): up to $6.0 million, net
Kerr-Mc-Gee is operator
revenues of 593,449
current mrkt cap 231,367
Still on the sidelines - hoping to buy a dip
Barnett
105 bopd
905 mcfpd
Silver Point is taking in roughly 7-10,000.00 daily in bbl sales and 8 - 10,000.00 daily in mcfpd
Total cost for Barnett was roughly 18 mil
20,000.00 X 365 = app 7.3 million a year
effective date of the Barnett transaction was June 1, 2006
These are only rough estimates as bbl and NG prices have been rising since 2006