Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ONCE AGAIN MGLG IS SET UP FOR IT'S THIRD RUN! .0008 IS A STEAL IF YOU CAN MANAGE TO GET IT!!! May see a gap in the morning that does not fill.
I bought more in the .066 range today.
I wouldn't mind seeing a slight pullback first, always love to load these things on the pullbacks. I doubt we will see that though. GLTA
Well, just depends on the NI43-101 Report, and the volume, etc. should be pps wise in a nice range, can't put an amount on it , just yet.
Norton, in your opinion, where do you see SRSR taking us over the course of the next few weeks?
Tony ,I have to agree with you on SRSR, one of the Best stocks I have run onto, in a very long time. Huge upside potential, in my opinion.
Nexia's CEO Addresses #1 Shareholder
4:57 PM ET 6/25/09 | Market Wire
RELATED QUOTES
3:58 PM ET 6/26/09
Symbol Last % Chg
NXHD
0.00 0.00%
Quotes delayed at least 15 minutes
Richard Surber, CEO of Nexia Holdings, Inc. (PINKSHEETS: NXHD), has received numerous inquiries concerning his position on a potential recapitalization of Nexia's common stock.
The concern is whether Nexia has any present plans to affect a reverse stock split because of the low stock price and the number of shares issued and outstanding. The answer to these concerns is that there is NO present intent to affect a reverse stock split.
Mr. Surber stated, "There simply is no need or any good reason to do a reverse stock based upon the current liquidity in Nexia's common stock. Nexia has had record trading volume over the last few weeks."
Mr. Surber went on to say, "I think it is important to remind shareholders that the current market capitalization of Nexia's common shares, based upon a price of $.0002, is only about $2.2M, which is tiny relative to many publicly traded companies. It is also important to add that according to Pink Sheets Nexia has traded over Eight Billion Eight Hundred Million shares (8,800,000,000) since June 10, 2009, which is essentially the entire public float."
Mr. Surber concluded, "I do not make predictions on price movement in the stock, but it is interesting to note that Nexia has gone from no bid to as high as $.0003 during the month of June. I am sure that many traders who purchased shares at $.0001 and sold for $.0002 or $.0003 are very happy with their 100% to 200% gains. However, selling at those levels seems to have created a lot of resistance at $.0002 level. I am hopeful that shareholder confidence in Nexia can be boosted if the liquidity in the commons stock continues to remain strong."
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in health & beauty and real estate. Nexia's subsidiary, Green Endeavors, LTD (PINKSHEETS: GRNE), www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com, www.sec.gov, and www.pinksheets.com. Nexia ceased being a fully reporting company in April 2009. Investors are cautioned that they should not invest anymore than they can afford to lose in penny stocks.
SOURCE: Nexia Holdings, Inc.
MGLG is looks primed to make a break for it this week. Keep a close eye out for those production numbers. www.marketwire.com is where to look for breaking news. GLTA
http://stockcharts.com/c-sc/sc?s=mglg&p=D&yr=0&mn=3&dy=0&i=p49186905572&r=5436[/CHART]
my pleasure, that run is nothing compared to whats going to happen when the national instrument report comes out, and the big payday comes when the anounce a joint venture and it will probably trade in the dollars, so hold em tight.
Great pick with SRSR, we saw some huge gains with this one this week. Great job! Keep 'em coming and have a great weekend.
ONE TO WATCH IS NXHD. I am still a bit hesitant about this one, but keep an eye on it Monday for Volume, this still could be a winner. GLTA
How did SPHE end up doing this week? Would it be one that you would still recommend? I would love it if you could post some updated information. GLTA
MAGELLAN ENERGY MGLG RECENT NEWS
Jun 18, 2009 13:00 ET
Magellan Energy Announces Acquisition of Lankford Lease in Morgan County, Tennessee
TORONTO--(Marketwire - June 18, 2009) - Magellan Energy Ltd. (PINKSHEETS: MGLG) ("Magellan" or "the Company"), an independent oil and gas company, announces that it has signed a participation agreement with TMD Energy for the Lankford Lease in Morgan County, Tennessee. The lease/agreement consists of eleven wells that are currently producing natural gas.
We are extremely excited to begin another project with TMD Energy Inc., who will be the operators of this lease. The acquisition of this lease has occurred at an opportune time, as operators in this area are now able to get their gas to market via the new compressor set in by Citizens Gas. The compressor blends the gas from all area producers thereby resolving the high BTU issue that previously prevented producers from selling their gas. The eleven wells on the property produce gas from the Monteagle formation and are currently tied into a collection system, which is tied into Citizens Gas Utility District.
The operators, TMD Energy Inc., will work with Magellan Energy to ensure that the wells continue to produce natural gas and additional revenues for both parties. Magellan has an option on this lease to frac two shale wells in the future, which would increase the gas production per well on a daily basis. These two wells will be relatively easy to frac as they are located on the thin exposed part of the Chattanooga Shale in Eastern Tennessee.
With gas production from a total number of twenty-four producing wells, The Company will continue to execute its business strategy of acquiring additional gas and oil leases. Magellan Energy is embarking on a new era devoted to achieving a profitable future for the Company.
About Magellan Energy: Magellan Energy is a publicly traded independent oil and gas company (PINKSHEETS: MGLG). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
MAGELLAN ENERGY LTD.
Member Of the Tennessee Oil and Gas Association
Website: http://www.magellan-energy.com
Phone: 1-866-365-4724
Click here to see all recent news from this company
My first pick for this coming week is MGLG.
Magellan Energy Ltd. is a growing and experienced energy company focused on acquiring and partnering with existing producing junior properties in North America. Magellan Energy Ltd. is working to establish itself as a world-class oil and natural gas company, capitalizing on smart acquisitions and having great relations through partnerships.
Company Information:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=MGLG#getCompanyInfo
Share structor
here are the dates that we knew the os and the changes
SS now:
# Authorized: 30,000,000,000
I/O: 19,064,552,485
Restricted: 11,011,854,788
float 8,052,697,697
SS around 4th of June.....
Authorized Shares: 30.0B
O/S Shares: 17.19B
Float: 6.18B
Restricted: 11.01B
Market Cap: $6.87M
SS may 19th
Outstanding Shares
7,804,084,651 as of May 19, 2009
Authorized Shares
30,000,000,000 as of May 19, 2009
Float
2,792,229,863 as of May 19, 2009
My pick is
SPHE-- hitting hard 24 million float-- sitting at .10 moved in March from london stock exchange where is was trading at $10.00. All it has done is increase it government contracts. looking good.
READ BELOW TO FIND OUT WHAT ALL THE BUZZ IS ABOUT!!!
Make sure you mark the board: http://investorshub.advfn.com/boards/board.aspx?board_id=15628
I am sure you are wondering why SPHE was up 700% yesterday, and breakout volume today. Well below you will see why. This is not all the DD I have found, and I am sure there is more to be dug by others. But here is most of what I have found. There is nothing more exciting then digging up info on a Pink Sheets company, and continuing to find Gold Nuggets. And SPHE surely fits the bill.
In February 2009, SPHE began updating PinkSheets… this is how it was brought to my attention. I have never seen a pinksheets company with the amount of disclosure SPHE has. Just take a look for yourself.
http://pinksheets.com/pink/quote/quote.jsp?symbol=sphe#getFilings
Upon looking at the filings you will see that SPHE was trading on the London Stock Exchange under the Symbol SPHE.l at $10!( http://finance.yahoo.com/q?s=sphe.l) I am not a great currency conversion guy, but that isn’t .08! Heck that’s 125 bagger from the current SPHE.PK level!
As of Feb 2009, it decided to move from London to the Pinksheets, where I am sure it is trying to get more exposure: http://pinksheets.com/pink/quote/quote.jsp?symbol=sphe#getNews
The company continued to update it’s filings and achieved a fully-reporting status from Pinksheets in March. The process of getting it’s current audited filings up-to-date caused it to lose it’s status temporarily as we are awaiting updated financials for 2008: http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20186
I am sure any updated of it’s financials will send this orbital(from wherever it may be)
Now for the Meat.
As of Year end 2007, the company has over $15 million in revenues. Pretty huge. If you look at the companies investor page you will see something that blows your mind:
Now one would normally be pretty skeptical when a PINKSHEET company claims to be aiming for 1 billion in revenues. And I was pretty skeptical myself, but thought $15 million in revenues is very good for any company trading under $1, and at .08 it’s a steal. I still thought SPHE was a great buy here. Then I started digging.
The Economy is tough, and our country is headed towards 10%+ in unemployment. Yet SPHE has Job openings for 55 Positions posted as of Jun 2nd and June 15 2009????!!! You got to be kidding me! This is no upstart company and has been around since 2004(to include some acquisitions). But 55 positions, and not the blue collar type. HR positions, IT Positions…ect. Below is the link to the job openings and the images:
http://www.spearheadlimited.ca/Careers/all_positions.asp
HUGE IMHO!!!!
So why is SPHE hiring on top of it’s staff that is already bringing in over $15 million in revenues a year. Well here is why… they have landed MILLIONS in contracts from the Canadian Govt for IT work and consulting. Now how many times have you seen a PR from a PinkSheet company saying they have landed a contract/govt contract for millions of dollars? I have seen it a few times. Well the difference here is we have FACT. Right on the Canadian Govt Website! HUGE IMHO!! And it’s 5 pages long!!!!
Link: http://www.disclosed.ca/?keyword=SPEARHEAD+MANAGEMENT+CANADA%3C%2Fb%3E
Over 5 million dollars in contracts ! And this is one of the companies clients…one!
There are many different ways to get a companies valuation and a value on the PPS. With SPHE, until they release the updated financials for 2008, I use the Market Cap.
As of todays close SPHE has a market cap of 2.48 million. Based on the revenues from 2007, SPHE should be at least at a $15 million market cap, which would give us a PPS of .40!. If you use some trends from Big Boards like Google it is MUCH HIGHER. Google did 16 billion in revenues for 2008, yet has a market cap of $128 Billion! That’s almost 8 times its revenues… Using the same formula one could give an estimate PPS of SPHE of $3.20!!!. And with these new contracts and SPHE’s goal of being a Billion Dollar company, one could only guess what the True PPS valuation should be… you can be sure it’s not anywhere near today’s close of .08…
SPHE trades very thin. It has 23 million shares in the float with a 41 million O/S. The Share structure has remained the same for at least 5 years, and there is zero dilution. PinkSheets Lists 140 shareholders, which leads me to believe there may be many stakeholders holding here. The true float may be much much smaller.
Insiders and institutions hold 28 million shares of the O/S! That’s more than Half!
Tight Share structure!
So SPHE was at .80 in 2005. I added all the trading volume since that time to get us to .01 and there has been only 2,421,382 shares traded. BUYS and SELLS. I would guess 200k gets us to .25. 300k get us to .50, and another 300k gets us to .80.
Based on the Monthly chart, there is really little resistance for .50-.80 test.
excellent first post Tony
first pick that could make you a millionaire i guess my choise is SARISSA RESOURCES, SYMBOL SRSR, hes the son of a billionaire who has purchased a property in ontario and we are currently awaiting anyday now the famous NI-101 report that will prove this little junior mining comapany that is trading in the 5cents range will prove they have billions in the ground and the next few weeks maybe even days could possible change someones lifestyle, so check it our and look at all the hard work and due dillegence that has been done and you will see the potential and its not if but when, this will be one of the plays of a lifetime.
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
18
|
Created
|
06/23/09
|
Type
|
Free
|
Moderator justforfun | |||
Assistants |
SURE FIRE STOCK PICKS THAT COULD DOUBLE YOUR MONEY IN A DAY!!!
THIS WEEKS MILLIONAIRE PICK IS MGLG
Magellan Energy Ltd. is a growing and experienced energy company focused on acquiring and partnering with existing producing junior properties in North America. Magellan Energy Ltd. is working to establish itself as a world-class oil and natural gas company, capitalizing on smart acquisitions and having great relations through partnerships.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |