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Hi all
Harbinger is projecting $7 on this. Does anyone know who they are. All I have been able to find is they are on Park Ave. in NY
WilkeThx I was sure there would be a way-it just was too much for my pea brain to figure out.
What did the cc's do for the stock you mentioned
These consiracy theories are really wearing thin. Let me see if I have this straight
1)The company is diluting shares to raise the $1 million to buy the additional % of Z2
Ok that would be logical if the TA beared out the dilution which they have not
2)It is a P&D (which directly opposes #1, because a P&D scheme never ever helps a company raise money-it only harms the company)
3)UBS has put a significant short position on (which is not legal on a pink sheet company that is not piggy back eligible
4)Oswald was assisted by the grassy knoll gunmen
5)The US never landed on the moon
6)All the jews were told not to be at the WTC on 9/11
7)And the US gov't imploded the bldgs
With all that said there is no evidence to support items 1 thru 7, but #3 is the most palatable since UBS has in fact had a large seller and could be shorting against it, seeing how rules have never gotten in their way before.
I also asked gorky before who was floating the P$D theory to show me some evidence of that because I hold a rather sizeable position. I submit to you Jason to show me the evidence of your theories as well. I certainly want to know. I have not seen evidence of any of the theories being floated to have any merit.
PS: It would appear by your post that maybe a good news release means their is something afoot.
Not Judging-Just Saying
veritas-forgive my technical ignorance, but what would be the logistics to do a shareholder cc. They have 1500 shareholders or more. It would seem like a nightmare with all the potential questions. Especially the ones like "hey you doin' a P&D man" or "what is the price gonna be next year dude" and so on.
I know they have these types of calls for fund managers and analysts, but how is it done for shareholders? or are you talking about shareholders just listening in w/o questions? I'm sorry I'm lost
due-I can tell you from my experience as aMM asking the size is a very touchy subject. Even to people they know.
In the early 90's there were many lawsuits filed by the SEC for collusion (did I spell that right) and many settled for huge money. Since then the sec and nasd has come down hard on sharing any info that could be construed as collusion.
Actually from their standpoint it really is none of your business since they are not required to show size on pinks and OTCBB and on Nasdaq stocks only up to 9,999 shares.
Nice try. Too bad the guy didn't slip up and say. It would have been nice to know
Hey Gorky-Why would you throw around things like P&D scheme? Did you lose money and are a sore loser or do you have evidence. I am a sizeable shareholder and if you have evidence I would like to see it. If you don't and are just a sore loser I suggest you try another hobby. This game is not for the weak of heart
Gorky-I understand you got an e-mail from Joanne. What I am saying is send it back to her for confirmation of the numbers. That is not the numbers she gave others. That's all I am saying
obviously a typo. I spoke to Joanne yesterday and it is 33 million in the float. I suggest you send her the e-mail back and ask for confirmation
Gorky-Where do you get your info. The float is 33+ million not 37+. You can confirm with the tfr agent. That is number 1. and 2 where did you get 4+million being dumped or diluted since 3/7. There has been a total of 3 million+ shares dilution in 12 months not 4+ million in 2 weeks. Get your facts straight please
easycome92 You sent me a PM, but I can not respond to it. But my response simply on MKGP is I believe in the long term, now that is not a couple of months, but 12 to 18 months, we will see much higher prices and that is for several reasons.
1)If you look at MKGP financials and PR's you will see they are very undervalued based on shares outstanding, float Vs. revenues and income. IMO they are way undervalued at your purchase price
2)Dilution. There has been much talk of dilution in the past few days. So what? We are talking about 1 million shares. And only 3 plus million over 12 months. It means nothing.
3)Management holds upwards of 80% of the shares e.g. it is in their best interest not to dilute and continue to perform
4)MKGP has performed brilliantly. Revenues and earnings have been on the upswing-debt little or none
5)The geopolitical situation in the oil producing countries. The problems with that knucklehead Chavez, the corruption in Mexico (some of our biggest suppliers-Canada of course is our biggest supplier)The powder keg we call the middle east, China and India consuming energy at ever increasing levels, that nutcase ALGORE screaming like chicken little that the sky is falling and finally the U.S's lack of commitment to new energy sources as well as alternatives, no new refineries in 30 years and on and on it goes. The price od oil is destined to go no place but UPPPP! That bodes well for companies like MKGP
7)There are many other reasons, but I suggest you begin to delve into some of the info available and come to your own conclusions.
Everyone is responsible for their OWN investments, and that means doing your homework or investing by the seat of your pants. As Gorden Gecko once said "a fool and his money were lucky to get together in the ist place"
Not Judging-Just Saying
Due-Companies ususally buy their stock back when they are swimming in cash. MKGP is a junior level energy company and as we all know they are not swimming in cash. If they were they would be buying more Z2 and/or another field similar to BIG Foot or whatever, but I hardly think they would waste cash buying their stock back.
In fact, if they started buying their stock back I would be 1st on line to sell it to them for making such a stupid management decision
Not Judging-Just Saying
Par-I can only tell you what I do. I have a substantial core position. On good runs up I may sell some stock. When the stock retreats I will buy some back. Sounds good right? Well sometimes I make some money trading it that way. Sometimes I don't. I increase my position many times, and on occassion I actually decrease my position.
The moral of the story is I trade the stock around my core position because I truly believe MKGP will be a big winner somewhere down the line. I am in it for the long haul plaine and simple, but I trade to make some cash as well.
Gorky, I have been a holder of MKGP for a good period of time now and from my experience I would not jump to any conclusions that they are a dilution machine. I have a call into the company to find out what that million shares actually is.
I will post it when I get a response
I have every confidence the stock is fine long term. Short term it leaves a lot to be desired, but so what. If I'm in for the long haul who cares about speed bumps
Just Saying-Not Judging
Hey Due-The swings is what makes traders retire early. Hopefully they made enough cash to be able to retire and not have to get a real job. LOL
For the record I take nexium. If I decided to be an accountant or something I probably would have better insides. Although after all these years the swings don't bother me so much anymore
Par-That was my point exactly to duelittle. There are many shares people bought in the 0.35 range just since Dec. How about a year ago when it was at 02.
It is apparent some people were looking for the score I believe MKGP will be but they wanted it in a few months. That did not occur, so they got out when they felt the getting was good.
Look if they made a profit-God Bless 'em. You never go broke taking a profit. But if they were looking for the score, they jumped the gun JMO
Due-If you recall the last 3 news releases have all been positive, yet the stock did not react.
First was the momo guys
next came I think it hoizontal drilling or was it the earnings projections. Whatever it was on the 2nd release there was a little buying in the am. no follow thru bang Katey bar the door. That's why I think it was the longer term guys.
Then todays news. By all accounts it was good news. No lift again. Why? Because some folks lost the faith I suppose, anyway, they hit it again.
Some people just want out. And it appears that is exactly what they did.
Where are the eyes on the stock to capitalize on the fundamentals? Right here for 1 place. Institutions don't buy pinks. A couple of I/R progams over the last year also put some eyes on the stock, but the bottom line is where is the new blood to appreciate the fundamentals and value? That is the problem with a good company on the pinks.
IMO if you are a long term player? I mean truly a long term player, not a month or 2 the odds are MKGP will be a major pay out.
Due-No there have been people in this stock from 03 and up. This board has been running since, and I could be wrong Miles would know better, since the stock was arounf 04.
Plus I am sure some people would take a 50% loss if they believed they were going to take a 75% or 100% loss.
When I was a MM one of the most important lessons was to be able to take a loss. Preservation of capital. If I belied this thig was going lower I would be all over it like a bum on a baloney sandwich. But, I don't think it is over, in fact we are much closer to the bottom that the top (that was pretty profound with the stock under a nickel, lol.
Bottom line is I have a substanial position and I am a long way fron panic. I am not far from pissed off, but a long way from panic. I am pissed at the momo players because they are usually in for their couple of hundred dollar trade and boom they are out. If they don't get it they bang the piss out of it until they are out.
That in my estimation caused an additional sell-off from some of the longer term players in fear we would "never go up again" Afterall we did break some resistance, formed new support, then lost the support.
The same event that broke the resistance on the way up broke the support on the way down JMO
Not Judging-Just Saying
Duelittle-I can understand you thinking this was just a P&D. But if you recall about the 5th of March a lot of momo players jumped in and the stock gapped to around 012. It lost the mo and these guys started bailing. Since then I am of the opinion several of the longer term players started getting out fearing little ot no recovery in the price. Ultimately we end up with what we have.
Always remember Buying begets buying and now Selling begets selling, I guess that's what makes charts work. I agree the chart looks like crap. But as far as I can see the fundamentals are still ther.
If you're a technical guy this chart says "ouch" If you are a value player the fundamentals scream "BUY"! If you are both, I gues you start getting your feet wet.
Not Judging, Just saying, but whadda I know
Jason As Marlon Brando said to Sollozo in the Godfather "What did I do to deserve such generosity"
Jason-Great response. I feel the same way. I have asked Mr LPF several times why he says the things he does. He claims not to be long and not to be short so Why? Why does he care so much? Barring a response I have opted to ignore what he says unless I can understand why he attacks the company as he does with 1/2 truths and innuendo, but you know whatever floats your boat.
I bought stock at 5 and 6 today so what can I tell you.
If all you guys are taking off I have to get it to a buck all by myself. Somehow that doesn't seem fair
Bmiles-If I am correct in my scenario I think UBS just did it for a trade. Especially if he has a supply a little higher. It reduces his risk dramatically on his play. In addition he will look at the possability of that supply he has higher to break price and sell at 0.07 or 0.06
My Take On Sell-off
I have been giving this a bit of thought and of course the obvious hits you when I leave it alone
1)Great news out
2)Momo's and others running it up (remember UBS has had a seller for a couple of weeks now)
3)Stock stalls- momos bail
4)Ubs sees no follow thru on news and momo (remeber he is now known as having a huge seller)
5)UBS uses his new founf rep as huge seller and tests some of the bids to begin to lay out a short
6)UBS offers way below everyone-no buyers
7)UBS gets agressive and whacks bids- not very much support
8)UBS continues until he hits support-inches up his bids to cover his new short position
9)UBS trading pattern for the rest of the day-Offer stock way below everyone else while he is on the bid in an attempt to free up shares to start to cover
10) New bids go up he follows
I think you folks see the pattern and as aMM he can short the stock. Simply I think the guy was trying to make a trade. And to some degree I am sure he has. But I also think he may still be short. How many is anyone's guess
This all my opinion only, but it is not unusual for a stock to get hit after good news and little follow thru. And in this case judging by UBS's head fakes and rope-a-dope I think it was a MM short
Not Judging-Just Saying
Oil-ok IPKL was on the SEC list for sure for a spamming campaign. I don't have the list in gront of me but certainly the other stock was among the 35 they suspended for spamming
Trade-Even though retail people can not short the stock (see my posts on the parking lot) It sure is being traded by UBS as if he is short. All the head fakes and the last print blow current bids (remember MM's get marked to the market every day and show a daily p&l that is always viewed by management)
Not Judging-Just Saying
Just spoke to Oakland and they tell me $5 and up and only certain stocks. So apparently there was a miscommunication of some sort. Too bad. I thought I finally found a place to short the dogs with heavy fleas
Ty for your reply. I will call Oakland. Maybe I can open an account at a differant branch. Ot maybe my girl just is misinformed. Thx
stockster5-I just called my scotttrade broker and I was told they do not allow short trading on anything under $5 and never a pink. So can you post your brokers number or pm it to me because I would love to be able to naked short pinkies. Unless of course your post is incorrect
oil do you know why your stocks were suspended?
small MM firm out of Oklahoma. OIL COUNTRY SON
Looks good so far. Bids firming up. Alltrades have been on the offer so far Even the 095
SSHHHH Hey Bud Fox Blue Horshoe Loves MKGP
verita ok thx
he is an officer of maverick, but if you know that
Level-not stalking, but revealing you to the rest of IHUB before the likes of you sends ihub the way of raging bull
Red-he has been distorting, out right lying on mkgp board and taking items out of context. the guy has a history of distoring the facts and taking things out of context. He has made innuendo and slandered officers of the company. He is not posting fact. One might call it 1/2 truths when something is documented and has cherry picked other things and outright lied about others.
Please sir, check his history, then check the truth
skeen-great post. I agree completely. Now we can get back to the business at hand of healthy consolidation and continue our trek to the upside.
Through all that hullabaloo yesterday with the day traders running it up-not getting enough lift and whacking it back out we the fundamentals are still there. Nothing has changed. We did lose a little ground, but its not a big deal.
Looking forward to earnings at the end of the monthe I believe it will be posted and the mapping of the new Big Foot drilling project.
Many good things on the horizon. And OilBaron reminded us all about the price of oil. $65 seems like a good point to me for tons of cash to flow into the mkt on energy related projects
Not Judging-Just Saying
LPF start your own board Call it Die in A Fire