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.07 could be reachable much sooner than "long term" once they close the LOI and announce one or more other LOI's.
LBYE looks like its ready to take off based on pending news regarding LOI/PSA and other potential LOIs. New management doing all the right things. Check it out
Jersey - when LBYE starts firing on all cylinders the price will/could be much higher. Anything under .05 is still a good entry point. Large upside with limited downside. Now that Asher is out we have smooth sailing!
I think you might be right. If company can close the deal and announce another loi or two we could fly!
Contacted IR yesterday.
They responded very quickly.
Thank you for reaching out to Liberty Energy IR. We are pleased to answer your questions best we can. In response to your questions:
1) There was an L.O.I. signed for the Baylor County oil & gas leases. Has management indicated when this is expected to move to PSA?
As per the most recent PR's the LOI was established to give Liberty time to evaluate the acquisition so far as checking land, legal and doing due diligence on the historical production and potential for future developments. The final steps were the appointment of the new COO and release of the Baylor County Report and Development plan which can be found at the link below. Management has indicated that the PSA is being finalized now and submitted for execution. You can expect to see both SEC filings and PR once this is finalized.
2) Lately there has been a lot of selling. Is this due to former management and/or Asher selling off shares, or is the company selling stock?
As part of the turn around process, management has been paying off debt from Asher Enterprises which former management has used to fund operations. As many of you know Asher type convertible notes come with steep conversion rights. Earlier in 2013 our financial partner Petro Fund I, Inc. paid the majority of the Asher debt but there was one remaining note that Asher did not allow for pay off since they agreed to terminate the Right Of First Refusal to future funding at the request of management. While we are waiting for confirmation from management through a corporate update, it is our understanding that some of the remaining debt was converted without new management's input and this is likely the cause of the recent selling. We will be working with management to put together a corporate update to address this.
3) In addition to the current L.O.I. is the company close to closing any other deals in the immediate future?
Management has indicated that they have an aggressive acquisition program in place. The Baylor County assets are the first production with upside acquisition but they have a number of acquisitions pending within the North / North Central area with a focus on the Fort Worth Basin. They have indicated that additional Letter Of Intents will be announced promptly after the Baylor County assets go under PSA.
We have included our most recent presentation here: http://www.libertyenergycorp.com/wp-content/uploads/2013/08/LBYE-Corporate-Presentation-10-15-13.pdf
And the COO Appointment and Baylor County Report here: http://www.libertyenergycorp.com/liberty-energy-corp-announces-appointment-of-coo-and-baylor-county-texas-leases-report/
Feel free to share this information if you wish but please include our contact information and disclaimer.
Regards,
Investor Relations
OTCQB: LBYE
Liberty Energy Corp.
Two Allen Center
Suite 1600
1200 Smith Street
Houston, TX 77002
Tel: 1-713-353-4700
Fax: 1-713-353-4701
Email: IR@LibertyEnergyCorp.com
Website: http://LibertyEnergyCorp.com
Twitter: https://twitter.com/libertyEnergyCo
Facebook: http://facebook.com/LibertyEnergyCorp
why are you here
Looking very thin. For the few extra cents it might be time to take out the ask.
Plan for Monday, everyone buy 10 shares at the ask at 3:59.
Looks good. Bid was .035, 3 offers in the high .03's than it jumps to the .05's.
The CEO of TNKY is horrible. He does not return phone calls. He does not provide updates. He keeps you in the dark. The TV show sucked. What a huge disappointment!
When the deal closes and IR/PR begins we should see some nice volume and increase in PPS. Go LBYE
You better sell all your stock tomorrow if that's how you feel and move on! c ya
The CEO of the company Mark Savoy told me that we were going to start trading in April. I figured if I could get stock at .0001 I'd be able to sell it at .12, the projected opening price. Good thing I didn't buy any. Once again ZMBC has failed to deliver on what they stated PUBLICLY!!!!!
Jett, what are you concerns with FEEC?
Microcoal Technologies Inc. (MTI:CNX) has alot of promise as well.
$feec - I think this stock has a shot at hitting a buck a share if their production numbers pan out. They are well positioned. Stock has dropped due to lack of confidence in management IMO but i believe they have the goods and will make a ton of money for shareholders. Started buying at .22 then averaged down at .05 .06. Time will tell but FEEC is very promising..
LBYE looks like its ready to explode! News expected this week.
me too. in fact i am going to buy more as I believe we are close to the real kick-off!
you have any to sell - i'll take some... i like to gamble and believe they will eventually start trading again...
Where's the buying. WTF!! What a piece of shit this stock is!!!
The Pages don't know how to promote THE STOCK. They should hire a PR / IR firm so their faithful shareholders can finally be rewarded. The show was awful. I'd be okay with it if they had at least promoted the stock on the show. THE SHOW WAS A COMPLETE FAILURE IMHO!!! No publicity, no oil and the stock is down 50%. WTF!!!!!!!!!!!!!!!!!!
Calm before the storm. News will propel LBYE about .10. Be patient!
LBYE will move when they announce their business plan and prospects. Right the buying and price appreciation is based solely on the new management team and the success of HIIT. We have done quite well considering we were at .02,.03.05. a few months ago. I'm betting big time on LBYE but have a 3-6 month time window. Maybe LBYE is not for you if you want a stock that goes up .01 a day, every day. I believe it's better to invest in a company like LBYE than gambling with P&D stocks.
if not now it eventually will. May/Mai will run it when she needs money. She is a crooked as they come but if you know her game you can make money. But as much as you can and put a sell order at .006 .01 etc. One day it will be executed. She does this over and over again.. It will trade millions one day and you will get your asking price. If you can't beat them join them. One day she'll be put in jail for her shananigans IMHO but for now take the ride.. OR BUY LBYE and make real money...
Should close above .08 today as excitement builds regarding the business plan and opportunities. The fact that HIIT is trading at .27 tells you alot about this group. They are in it to win it! They have a long term plan and are in it for the long haul. We could all wind up owning a 1.00 stock in time if LBYE can follow in the HIIT footprints.
HIIT is trading at .25 and I hear LBYE is going to be as good as HIIT....
Great show and I hear that they will be featured in some of the upcoming episodes. I heard the show got the highest ratings of any other show on discovery channel. Also heard calls are coming in already.. Get the word out about the show and grab some shares while you still can at this price.
Love that Mad Dog!!!
One day and one penny at a time. Let's get back to .10 before we talk about 1.00.
Check out the discovery channel at 10:00 BACKYARD OIL BARONS / STOCK TNKY will fly!!!
Those who buy at this level will be extremely happy. This price is a gift. The flippers/traders who bought at.6 - .9 thinking the stock was going straight to .30 are selling their positions. The stock appears to going into strong hands and the float is drying up. Once the company begins to execute their business plan there will be no stock to buy and we will fly!!! Buy all y
ou can now before the shares are gone. LBYE is going to be a big HIIT!
LBYE is doing just fine. Stock landing in good hands and the flippers are out of the way. Once they announce an LOI or more details on the future of the company the stock will warrant a higher price and the investors will come. The hype can only last for so long then people get restless. LBYE is a solid company with strong management and will be a HUGHE HOME-RUN for all of you with patience.
Like I said TNKY would remain a reporting company. The filing was completed! Stock doing extremely well....
Looks like the stock is moving up and could break .50 tomorrow. Awesome to see. Hopefully it's the start of a bigger move that brings us over 1.00
Go TNKY - BYOB
TNKY looking real good. Volume has picked up and very few shares left under .50. The .40's are being taken out. Looks like break-out is very close. Launch of TV show will cause huge spike in volume. Wouldn't be surprised to see .75.
I think it's great that we are all excited by the potential of LBYE but I think we should all keep our price predictions to ourselves. I think it's hurting the stock more than helping it. People will be disappointed when expectations aren't met and could wind up dumping their positions. Don't take this the wrong way but we need to be patient. Look at HIIT and you will see that it takes time but it will happen.
please share where you read this!
Sounds great. I did real well with HIIT and am confident LBYE will do as well if not better.
.10 is a stepping stone to .20. I'm not selling a share under .20 as I see great potential for LBYE but will be happy when we break .10. You don't get to .20 without first eating through the .10,.12,.14 stock.
All signs indicating a breakout this week. Monday/Tuesday could be the last chance to get stock unter .10. I predict that .11.13 will be the next consolidation level and we'll trade there until news comes out regarding acquistions. Can't wait until tomorrow. LBYE & TNKY going to make me rich!!!
They filed and extension and will be filing shortly. Rest assured, they will remain a reporting company. TNKY believes they will be flooded with inquiries and money very shortly as a result of a TV show that will air on 4/23. Backyard Oil Barrons! More leases, more chances to find oil. They are also ( I believe) looking to acquire revenue producing properties. It's been a long haul but I believe things are going to get exciting very soon. The stock has moved up from .26 to .42 which support my belief. I was skeptical about the show but I am now a firm believer in it and am convinced it will get TNKY the attention and monies it needs to bring it to the next level. In the meantime they are continuing their drilling operations (which have not been as fruitful as hoped) but remain confident in their strategy and potential. The area has plenty of oil and its a matter of time before they find it and start rolling in the dough! I am disappointed by the lack of PR/IR/NEWS but there hasn't been much to say. Why spend money of fluff news releases which also take time to write, etc. Results are better than fluff and hopefully results,revenues will take off then news will follow. Am I disappointed in the results, YES!! but I remain confident in TNKY. Despite the lack of results the stock price has held steady and no shares have been issued. They are financially responsible which is unusual for a PS stock. They do not burn cash, do not take pay and are putting in the time and effort to make TNKY a success (AND WILL NOT QUIT until that is accomplished)