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Hi to everyone!
I don't post much but got an email last night saying that they just completed the audit and that a form 10 will be filed soon with the SEC within 10 days. The form 10 will contain updated filings and financials. More so, the name will be changed as well as the ticker, this will be filed shortly. Looks promising I am thinking by end of November early December.
Good luck
Clinton
That's why there will be share appreciation very soon. I have been buying the dips because this stock is way undervalued and should be trading much higher. Patience will be awarded I got lot's of time GLTU.
GLTY Stub I have bought and holding for price appreciation as well. This is way undervalued and will be heading north soon.
Clinton
I totally agree that's why I bought because however you slice it this is going to show it's share appreciation. The company is set up with contracts with value and has a nice share structure to go along with...I would hate to be short on this.
Clinton
That's how I read it either way this has big potential for return and with the share structure it's a no brainer.
Clinton
After reading...the second contract states that HOMS is amongst the 12 companies elgible meaning sharing the potential pie of 926 million?. So the company is not getting this entire second contract? but getting a nice piece of the pie. Either way still undervalued and nice share structure.
Clinton
Thank you... lastly can I submit the form more then once or is it a one time thing and feb 5 is the final deadline correct.
Clinton
Have a few questions if someones could help me understand it would be much appreciated
1) Can I still by now and be elgible?
2) When filling the form it doesn"t have a link for other countries only in U.S with zip code (I am from Canada)does that matter?
3) Is it mandatory to fill the form?
much appreciated thanx
Clinton
Securities Issued in Connection with the Merger
On October 18, 2010, the Company pursuant to the Reorganization Agreement with High Plaines Gas, LLC. issued 52,000,000 common shares to nine individuals representing 100% of the membership in High Plaines Gas, LLC as a result High Plaines Gas, LLC became a 100% owned subsidiary of the Company. This issuance was completed in accordance with Section 4(2) of the Securities Act in an offering without any public offering or distribution. These shares are restricted securities and include an appropriate restrictive legend
On October 18, 2010, the Company converted all outstanding loan balances including any accrued interest into 12,501,400 common shares issued to five entities. The loans consisted of loans originally from related parties assigned to the entities totaling $295,265 and additional loans or assignments for payment of all outstanding accounts payable and accrued liabilities totaling $ 110,663
The shares were issued as exempted transactions under Section 4(2) and/or Regulation S of the Securities Act of 1933. They are subject to Rule 144 of the Securities Act of 1933. The recipient(s) of our securities took them for investment purposes without a view to distribution. Furthermore, they had access to information concerning our Company and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144 and include an appropriate restrictive legend.
Doesn't seem like there is much of a float
Clinton
TurnKeyOil....This is what I found
Securities Issued in Connection with the Merger
On October 18, 2010, the Company pursuant to the Reorganization Agreement with High Plaines Gas, LLC. issued 52,000,000 common shares to nine individuals representing 100% of the membership in High Plaines Gas, LLC as a result High Plaines Gas, LLC became a 100% owned subsidiary of the Company. This issuance was completed in accordance with Section 4(2) of the Securities Act in an offering without any public offering or distribution. These shares are restricted securities and include an appropriate restrictive legend
On October 18, 2010, the Company converted all outstanding loan balances including any accrued interest into 12,501,400 common shares issued to five entities. The loans consisted of loans originally from related parties assigned to the entities totaling $295,265 and additional loans or assignments for payment of all outstanding accounts payable and accrued liabilities totaling $ 110,663
The shares were issued as exempted transactions under Section 4(2) and/or Regulation S of the Securities Act of 1933. They are subject to Rule 144 of the Securities Act of 1933. The recipient(s) of our securities took them for investment purposes without a view to distribution. Furthermore, they had access to information concerning our Company and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144 and include an appropriate restrictive legend.
Clinton
TurnKeyOil....You are correct about the 65 million os but from reading 8k they are restricted so the float is really tiny right now. I was able to by more shares at 0.50 yesterday good thing I did because it should be trading back in the 2.00 range hopefully soon.
Clinton
From reading the 8k there were 53 million to owners that are restricted and 12 million sum that was issued to convert debt and I believe they are restricted for a total of 65 million shares os. Rigt now I believe the float is 498,000 with a company that has 92 wells producing and is also selling marketable gas. I don't know why this needs any advertisemnt it should appreciate upward on it's own and I believe it should be trading much higher then it is but that's my opinion though.
Clinton
News release was posted 5ish 5:15 today. Hopefully this triggers an upward appreciation.
Clinton
Can't figure it out as well especially the last half hour of trading. According to the 8k all shares are restricted(owners,financiers) and if I am not mistaken it's not 13 million shares it's like 498,000 or less becuase the reverse split of 1-200. So right now the float is super tiny and this company is solid with producing gas wells and it is even selling it's gas ($$$$). It was going well for most of the day then boom but I picked up some more shares at 0.50 this is way undervalued it should be trading 2.00 and higher I guess time will tell unless I am missing something.
Clinton
GILLETTE, WY, Oct 26, 2010 (MARKETWIRE via COMTEX) -- High Plains Gas, Inc. (OTCBB: NXPND) today announced an update on its operational activities in the Powder River Basin of Wyoming.
Dry Fork High Plains Gas ("HPG") has secured the lease making up the Dry Fork Project in the Powder River Basin ("PRB"). HPG has drilled seven wells on the lease with three beginning to show gas. The Company owns other wells in the area that have been producing gas for over seven years. In addition to proven production, HPG maintains secure control of all gas flow around, to and from the project. Phase One of Dry Fork will be comprised of 70 new wells with drilling to be completed in May 2011. The second phase of the Dry Fork Project is a continuation of phase one with 83 new wells forecasted to be completed by June 2012.
HPG owns and controls the only transmission line with access to this gas opportunity, and has strong relationships with two independent transmission companies who will act as the point of sale for all gas produced by Dry Fork. Redundancy in the points of sale enables the Company to minimize compression fees and reduce failure risks with their transmission partners.
"Our goal is to own or develop strong relationships with the majority of the midstream and compression on our fields. We are aggressively pursuing partnerships and contracts that will allow us to achieve this goal," said Mark Hettinger, Chairman of High Plains Gas.
High Plains Gas, Inc. is a Gillette, Wyoming-based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. The Company currently maintains seven active leases in the region with 92 wells producing natural gas. With a strong foundation in the basin and growth as a core value, High Plains Gas will purse expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas also believes it has unique experience and expertise in the refurbishment and reactivation of wells that produce gas from coal bed methane ("CBM") formations.
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement
That's what I am doing right now it will be back up fast soon.
Clinton
I don't know why it's in the red especially after reading a solid 8k. This company has earnings and a bright future. Also all shares are restricted not much of a float but who knows what is going on unless I am missing something in the 8k. I think there is some games being played right now which is undeserving.
Clinton
The 8k in my opinion was solid don't know why the share price is in the red. All new shares are restricted and the 8k was much more improved then what they previously announced. They also eliminated debt. There is really no shares or the float is super small but I have a feeling it will bounce back to where we were or higher soon.
Clinton
If not mistaken when reading the 8k I believe that most if not all those shares are restricted any event we have a very small float right now could get interesting. Good Luck!
Clinton
Just wondering if anyone has a trade restriction put on this security. My broker here in Canada has put a trade restriction on this stock and it's been like this for the the past few weeks. I don't post very much but I have a few shares and would like to know if anyone has this restriction with there broker.
Clinton
Did you play the f/S because I have not recieved my split shares and my broker has no clue whatsoever been sending emails back an forth even phoned in. Oh well I guess you win some you lose some.
Regards
Clinton
Hey 032798 been busy but got your PM that's great. Wish I could PM you but I can't at this time but yeah Still waiting for my split shares but if people are getting them now then hopefully soon for me (I will still call my broker though to make sure). Thnx for responding anyways to my messages.
Regards
Clinton
Hello 032798 dont't mean to bother you since I don't post very much but have you recieved your split shares at this time or are you still waiting.
Regards
Clinton
Has anybody recieved there split shares?
Still no split shares... Almost a month now never waited this long before.
Clinton
Well last night the ticker symbol worked now when I put a buy or sell order in it reads stock suspended or halted and I triple checked to make sure that I had it right. So it works fine after trading hours and it doesn't work during trading hours I guess I should call my broker.
My bad I put the incorrect symbol geez too many pucks to the head oh well thanks anyway for your input though.
Clinton
Don't post very much but has anybody recieved there split shares also nice news today
Clinton
Don't post very much but notice that my brokerage has a message saying that this has been halted or suspended. Is anybody getting this message when placing a buy or sell order just curious to know. I do have shares with Scotiaitrade but seeing that message had me concern should I worry?
Clinton
Okay so I bought shares on the 5th they settled on the 8th and I was a holder past the record date of the 11th. Now after the 11th I started to sell my shares and then the 29th came. I recieved my split shares on Saturday from Etrade Canada after I sold my original position. Now I got split shares now was I elgible to get these shares since I was a holder on Record date after settlement or is it if you bought shares after the 11th and sold before the 29th that you sell away the right to the divy. I am playing this with caution because I don't want to screw myself so I am keeping my split shares aside and have been buying the cheap shares for what looks like an interesting run my happen. I can understand if you bought shares after the 11th and decided to sell but then all of a sudden your broker gave you split shares which you shouldn't have. I guess it's the record date settlement part that's got me anyway I wish you all the Best of Luck
Clinton
Clinton
Thanks Real but will move forward with caution as far as recieving the split shares is concern whether it's a mistake or not but it sure is going to be interesting
Best of Luck to you
I already put a target sell going to see how this plays out sure going to be interesting that's for sure
Best of Luck to you
I won't be selling right away just going to be cautious and see how this plays out. Now is the time to buy because of these prices which I will with other funds but it sure is going to be interesting the next few weeks
Best of Luck to you
Clinton
Yes I think things are about to get really interesting around here. I kinda chuckled this morning when I saw the split shares in my account for UHCR figuring I must have played this right after all since it has dropped alot. When I purchased shares of UHCR it did settle before record date but if there are other people who sold after Feb 11 like I have and recieved split shares this is going to get very interesting. I would be curious to know if any other people sold after Feb 11 and has recieved split shares
Best of Luck to you
Clinton
Well Jim I woke up this morning and logged on to my Etrade account just to check something out and I happened to click on my account and noticed an increase in value so I scrolled down and there she was split shares for UHCR in my acount. Like I said this has been a good experience and will be interesting to see how it plays out. I must admit I kinda chuckled a bit figuring I must have played this right then. However, if what your saying is true Jim that it will be corrected I'll keep an eye on it and see if that's the case then anyway Best of Luck to you but I think things are about to get really interesting around here don't you think
Clinton
Got my new shares from Etrade because I held on record date. Good thing I sold my shares after Feb 11 because of this nasty drop. Now the interesting thing is that the stock has split hmmmmmm I guess it's not a dividend after all boy this has been one good experience but I think I played it right. Anyway I hope this runs a bit but um glad I sold my shares at 10 cents now with that money I'll even be able to buy more shares at this cheap price but we'll see how it plays out next week anyway
Best of Luck to all
Clinton
I am curious to know when this dividend will show up on the daily list?
Good Luck and Drink Up!
Clinton
I am referring to the dividend in my last post
Good Luck and Drink Up!
Does anybody know when this will be on the daily list? I am a shareholder and don't plan on selling but I haven't seen it on the daily list yet. It would however be nice to see this on the daily list and it would probably ease the nerves or skeptics if it were made official just my 2 cents
Good Luck and Drink Up!
Clinton
According to pinksheets update outstanding shares is 45,446 :)