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Sure is. The follow-through on the early quarterly filing this week, though. How. about it? Friday at FOUR PM. DONE.
100 percent credibility on the part of your ceo of a 5X-50X undervalued stock, that's trading under .05 cents could be the rarest earth asset in the entire OTC.
Won't show up on CGRA's balance sheet.
But it will on my TDA screen on Monday!
.
Got it. Doin stuff round the house my bad.
CGRA new tweet out:
"Financials posted - Due Diligence looking good! $CGRA"
Financials posted - Due Diligence looking good! $CGRA
— CGRA (@CGRAOTC) November 4, 2022
Wow those .03s got gobbled up faster than Willy Wonka's golden tickets didnt they?!
As a lifelong wordsmith and former news journalist of 30 years I'd suggest to you Bill Wright meant for us to read that sentence as:
"Initially set for month end, the company is working to file its quarterly early (this week) as part of the conditions to close that came up in DD."
Another word arrangement /sentence structure he could've gone with to eliminate any confusion was:
"Initially set for month end, the company is working to file early its quarterly this week as part of the conditions to close that came up in DD."
Think about it: when they'd normally have a full month to prepare the quarterly how realistic was it to expect Wright to tell his accountant on Monday -- "Hey Stu, whip me up that quarterly by 3 pm."
Which means they're working on it nonstop like Wright's retirement depends on it. And once it's filed tonight or Monday/Tuesday of next week CGRA gets another price bump. Probably over .05...
Gracias Rico
pero...
if i was really that smart i would've bought a boatload of Coca Cola shares back in the early 1900s.
Oh wait...
I DID !!
According to CGRA's share price history, the last time it was above .04 was November 2013.
November. Of 2013.
For someone who has been following the stock closely for the past 10 years to be incapable of admitting the unprecedented nature of what is transpiring and to describe the current price action of CGRA with a reverse merger/ buyout pending -- at a time when oil prices are soaring to record levels -- as "typical," or "nothing new" to see here, is highly misleading, disingenuous and an outright falsehood.
Had a (what i assume to be) novice trader private message me Wednesday asking, "Is CGRA buying another company, or is it being bought."
With online stock traders these days having such wide ranging ages and experience levels obviously one can't assume that all buyers and sellers are capable of looking an inch beyond the "momo" on a chart or that everyone will do even a smidge of reading "homework" needed to learn the basic story behind a price movement like CGRA is seeing.
Even popular you tubers, like a certain someone who again called CGRA "overbought" last night simply refuse to take a few minutes to read up on why, given the 200M or less float and TIMING of the pending short term buyout catalyst at work here, CGRA should still be considered hugely undervalued and UNDER bought at this price level (the typical penny stock 5 cent
"psychological wall" level be damned for this Unicorn) about 5X below the most conservative buyout price target.
Here's how i answered that fellow iHub member's question:
CGRA is being bought by another company.
The ceo of CGrowth is in his mid 60s and wants to be done with his professional career and retire comfortably for himself and his family; he's got about 90 million shares of CGRA.
In order to cash those in, he needs a bigger company that has a big market cap, meaning a mineral or oil co that is trading at dollars per share on a larger exchange, to take over CGRA and do an exchange with CGRA shareholders, something like 50 of CGRA shares for every one of the big company's shares that are trading over $10 on nyse or nasdaq.
That way everyone gets paid with liquidity to spare and you can then either sell your converted CGRA- to -COMPANY X shares right away, OR just ride the big company's shares while it develops the oil and gold reserves that the big company is obtaining from CGRA in the takeover along with Company Xs existing portfolio.. And you could see the big company's share price ride up from $14 to $20+ hypothetically, based on the momo of acquiring CGRAs millions of recoverable barrels of oil in Wyoming and in the Bahamas and gold from CGRAs mine, eith the bigger co. also having the drilling equipment and personnel resources and funding to harvest and profit from those assets.
When CGRA wrote the following in an April 2019 press release, the price of oil was probably at one third -- and level of buyers' interest -- a fraction of where they're at now.
"Oil and Gas: Powder River Resources / West Salt Creek is the Company’s primary energy asset. A great deal of development work has gone into the West Salt Creek field and it is primed for further drilling and development. The Company has been working several months on the acquisition of royalty production in conjunction with the refinance and development of West Salt Creek. Concurrently, the Company has received strong interest from parties desiring to purchase in whole or in part the West Salt Creek field and is working towards the best possible outcome for bondholders and shareholders alike."
# # #
The latest developments here in 2022, with the "buyer" requesting a final quarterly report as a closing condition of the deal, is an indication the execution of the May announcement, involving a share exchange with a larger, uplisted oil/mineral company is imminent.
###
CGrowth Capital Executes Share Exchange Agreement for Minerals Company: Prepares for Change of Control and Up Listing to an Audited Reporting Company
May 12, 2022 06:45 ET| Source: CGrowth Capital, Inc.
BREMERTON, WA, May 12, 2022 (GLOBE NEWSWIRE) -- CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Parent") is pleased to announce that it has executed an agreement with a Minerals Company to acquire 100% of the targeted project (the "Company") via a Share Exchange Agreement. Upon completion of the contract conditions, the acquisition would mean a wholly-owned subsidiary Company and a change in control with new management from the Company taking over CGrowth Capital Inc. The Parent and Company are under a strict non-disclosure agreement, along with additional non-disclosure contracts with other related parties of specifics until all conditions have been met.
Under the Agreement, the Company must complete its two (2) year audit in anticipation of uplisting as a fully reporting audited company. The Company's near-term goals include further advancing to a listing on a senior exchange and a series of debt/equity financings to develop its assets and acquire additional holdings.
The Parent is required to make the transition without debt and further liabilities and will begin the process of divesting debts and assets as required. The Parent anticipates restructuring of its equity prior to a closing and uplisting. Due to the nature of the anticipated acquisition, its go-forward plan, and the restrictions prior to closing, the Parent will cease further acquisition and growth strategies during the lead up to closing.
Additional information will be released jointly by the Parent and Company from time to time as benchmarks are reached by both the Parent and Company as both move towards a closing anticipated to take 60 to 120 days."
CGRA's ceo has reported CGrowth is in the closing stage of a buyout.
Your assessments of the past month, declaring CGRA a "turd" and a "POS", and describing the entirety of the largely untapped 3,000 acre West Salt Creek area as "dried out" seem to be at odds with the news developments here.
The stock is up over 150 percent, and trending higher.
Perhaps if you posted a link to your expert oil field assessment info we could understand the justification for attempting to compare CGRA to a run of the mill $100 thousand empty shell that has zero oil prospects, and gold and silver assets.
As developments have, and are unfolding such an assessment appears to be quite in the wrong, to the tune of hundreds of a percent on the scoreboard.
If the buyer were to be Contango/Crescent Energy, the market cap is $2.7 Billion. If it's Conintental Resources it's $26 Billion.
There would be no buyer if the West Salt Creek asset was a "dry hole."
The pending deal should bring a minimum of .20 to .25 cents a share for CGRA shareholders short term, possibly in the form of shares in the larger company that's taking over CGRA's ticker and assets.
Available shares in CGRA are scarce (as evidenced by how its been trading in this run) because there are only 400M outstanding, no dilution, and there are at least two large holders including the ceo Bill Wright who possess half of those shares and are holding for the consummated deal.
Are CGRA insiders and their friends legally allowed to buy up the stock now Over the Counter now that a pending buyout of a valuable oil field/gold mine company has been announced publicly?
I would say yes.
Just asking the question on behalf of a friend of my portfolio. :)
I've become convinced in my time spent researching this stock, and talking to the right people that CGrowth is blessed to have a no-hype, straight shooting and non-diluting ceo in Bill Wright, who may be considered an OTC unicorn in this high regard. And Wright very much needs this buyout/takeover of CGRA by a large, oil and or mineral producing company to go through, because Wright is at the end stage of his professional career and this is his retirement. The only way to successfully cash in his large share holding.
That the buyer's lawyers added, as a closing condition, an expedited quarterly report from CGRA before sliding the final purchase and sale agreement across the table, did not surprise me.
The most important thing that happenrd with CGRA's tweet today was Wright made good on his notification of positive news by month's end. As i type this on the East Coast there's still an hour left until the clock turns November (Happy Halloween).
That some here want to treat today's tweet as if it's NOT positive my comment to that is, that's your prerogative of course. But it seems that person does not own shares anyway, and is congratulating himself for not having bought this speculative "lotto" play.
If you don't trust the ceo's integrity, that would be a reason not to buy.
If you dont trust that there is any oil in West Salt Creek ("dry hole!") that would be another reason not to buy.
If you think the volume leading into today's tweet "wasn't large and convincing enough" to buy, that is again a case of you be you.
For me, however, all the above boxes have been checked in a positive, bullish all-in fashion.
1) Ultra trustworthy and diligent ceo who needs this deal as much as we shareholders want it;
2) a real physical tangible significant oil resource asset in West Salt Creek.
Note that he buyer's legal team is asking for quarterly PAPERWORK in order to complete the buyout. But do not be so oblivious to common sense -- or be so deliberately duplicitous to try to USE that standard lawyerly request for closing condition paperwork to try to covince others -- to believe that such a buyer doesn't already know specificially what amount of oil is IN the ground in West Salt Lake and know that they WANT to own it.
The buyer would not be "the buyer," and no letter of intent would have existed since last May, if this were not an asset that the buyer desires to obtain, based on causative research on West Salt Creek. That was STEP #1 in this entire process. HAD TO BE.
Concern "all the insiders" weren't buying up every share and driving up the volume high enough this week.
I know of just TWO shareholders whose combined holdings make up HALF of the outstanding shares of CGRA. I'm not surprised how the stock has traded seeing as the float is 90 percent locked up by people co who either already know or are convinced this company is worth at least a 9X multiple of the current share price. And they're not on TDA trying to "flip em" in the low pennies.
The buyout process began sometime in late 2021 early 2022. Here's MY best guess on how it went:
(Setting: Some gigantic board room in Texas)
Contango billionaire ceo John Goff to his corp. lawyer(s)
"My best oil guys confirmed for me that there's at least 100 million barrels in this Bill Wright guy's West Salt Creek field in Wyoming. I want to buy it. Get on it.
Contango Lawyer(s): OK John well start putting together a purchase and sale. It'll probably need to be a hundred pages long and we might make it a CRGY shares for fractionalized CGRA shares transaction, plus there's also the need for state and federal compliances and we should look into maybe continuing the use the audited shell ticker CGRA, which we're also gaining control of in the deal, as maybe a spinoff into a publicly traded pot sales operation. Maybe as a dividend for
CRGY /CRGA holders. We're talking about about a hundred page P&S and we'll need about six months.
John GOFF: Awright but get on it. And let's get it done asap. Time is Oil, and Oil is Money. Now more than ever... And while you're doin that, my oil guys talked to Robert Madding the production foreman of the Fleur De Lis oil field in Salt Creek and he was telling us we're gonna be proven absolutely right about West and he knows just how to go about milking that sucker. So we're stealing him away from FDL at a big raise.
Concerned "all the insiders" weren't buying up every share and driving up the volume high enough this week. I know of just TWO shareholders that own half of the outstanding shares. I'm not surprised how the stock has traded lately with such news imminent seeing as the float is already 90 percent locked up by people who either already know or are convinced this company is worth at least a 9X multiple of the current share price. With no dilution. (Peter Penny is on the right track in his comment in today's video about how CGRA's been trading of late).
And this ceo is of the type that when he signed that NDA earlier this year you can bank on it that he definitely stopped "D'ing" ANYTHING to anyone. Including "the garbage man."
# # #
(tweet)
"... And then we'll await buyer's instruction."
Meaning this:
"Customarily, the buyer's lawyer provides the initial draft of the purchase agreement for a business. This makes sense, since the buyer has to live and work with the company while you will walk away into the sunset with the cash (theoretically, at least)..."
https://www.wolterskluwer.com/en/expert-insights/steps-to-completing-sale-of-your-business
$CGRA
Say man ,
Is that YOUR McL in the McDriveThru???!!!
https://robbreport.com/motors/cars/gallery/mclaren-p1-prototype-1234740301/
Oh no stop it you are NOT going to tell me ... ?
Oh yes my friends im afraid I am:
What is a $14.10 stock divided by 70?
Do NOT say it!
Sorry brother (Halbroke) but i must.
And holy CAYMAN! there it is.
Again.
20 cents
"Dollars" it can still be. But CRGY dollars
MAYBE
Speculation is the very name of this game.
By the way, about CRGY... which is relevant to this board as a potential acquirer of CGRA:
What kind of stingy ass stock trading world are we currently in that you can post THIS type of earnings report -- "annual $6 per share earned income" ?! -- and yet not trade for at least $50 bucks a share?
https://www.tickerreport.com/banking-finance/9597764/brokers-set-expectations-for-crescent-energys-q3-2022-earnings-nysecrgy.html
And how about this interesting question: What does KKR plan to do with that $81 MILLION ?
"In other Crescent Energy news, major shareholder Kkr Group Partnership L.P. sold 5,750,000 shares of Crescent Energy stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $14.10, for a total transaction of $81,075,000.00. Following the completion of the transaction, the insider now directly owns 572,354 shares of the company’s stock, valued at $8,070,191.40."
- --
Lemme get ny napkin out here.... $81M ÷ 400M shares =...
Holy CAYMAN would you look at that!
As a very wise man once said to me...
"20 Cents"
Or should I instead be dividing CGRA's 400M shares by 5,750,000 shares of CRGY? 1 for 70?
For a $14+ stock? Still a good deal!
Maybe the CRGY price action WAS me, who got "caught red-handed, PUMPING on the trading room floor..."
But like Shaggy, I hope to persuade you that, It wasn't (me)!
https://twitter.com/tyrus603/status/1586621483765403648?t=fq6V7BiZ78wBcyBn_QY7Kg&s=19
And the PQE Status, Piggyback approval and restricted share issuance -- i see all of those elements as bullish evidence that a CGRA deal is imminent.
Ran out of time to edit that last post...
but I meant to write in this part that the CRGY deal was 1 CRGY share for every FIVE (5) Contango/MCF shares:
"... and as previously announced, each eligible share of Contango common stock issued and outstanding immediately prior to the effective time of the transaction will be exchanged for 0.2000 shares of Crescent Class A Common Stock."
So you see there in the last line the holders of MCF/Contango shares got their money via the liquidity of CRGY shares. 1 CRGY share for every FIVE MCF shares ("0.2" or 20 percent value)
# # #
Found that December news release informative to understand how these guys are likely to do transactions when one company absorbs another.
If you're a ceo like CGrowth's Bill Wright and you have a liquidity problem --namely:
"Upon my retirement years now, how do I cash in my 90 million shares in my legit, audited company, CGRA that has likely about 200M barrels still in the ground in the West Salt Creek Property, without tanking the CGRA stock?"
I exchange my 90M shares, at 1/20, for 4.5 (90 divided by 20) million shares of CRGY on the NYSE.
(= $50M).
And you would not have to sell your CRGY shares immediately either. Especially if you think the added production of oil from the West Salt Creek Field with Crescent Energy's backing, might cause an upward breakout of the CRGY stock up over $20+ a share etc.
Anyhow this is all a hope that I have of where this deal could be headed.
# # #
Independence Energy and Contango Oil and Gas Company Complete Merger, Forming Crescent Energy Company
Continued Expansion of Differentiated U.S. Energy Strategy Combining Investor Mindset and Deep Operational Expertise
December 07, 2021 04:32 PM Eastern Standard Time
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company ("Crescent" or the "Company") (NYSE: CRGY) today announced the successful completion of the combination of Independence Energy LLC ("Independence") and Contango Oil & Gas Company ("Contango"), creating a premier, diversified and well-capitalized U.S. energy company focused on consolidation. Crescent's Class A common stock will trade on the New York Stock Exchange under the ticker symbol "CRGY" at the open of trading on December 8, 2021, and as previously announced, each eligible share of Contango common stock issued and outstanding immediately prior to the effective time of the transaction will be exchanged for 0.2000 shares of Crescent Class A Common Stock.
"Speculation" is the Name of the Game
So here is mine. No insider knowledge needed in what follows below, just working with clues that are publicly available to all.
CGrowth announced a pending reverse merger and/or buyout earlier this year with an unnamed larger company, that required mutual NDAs, an audit, and bunch of other necessary paperwork that after a number of is apparently done, or almost done.
CGRA's most valuable asset is clearly the West Salt Creek Oil Field in Wyoming, which is next door to the Salt Creek Field that has yielded over 650 million barrels in its history. (West Salt Creek looks to be about 40% of the geographical size of Salt Creek but there has been much less drilling in the West property to date.) At the very beginning of this merger talk process back in January, the Salt Creek Oil Field production foreman, Robert Madding of Casper WY, who was working for Fleur De Lis Oil Co. (FDL), left his employment of about five years with FDL to become the new Wyoming Production Foreman for the Texas based Contango Oil Co. A search of Contango's operation shows ceo John GOFF has engaged in a nationwide oil drill site buyout spree including in Wyoming, focusing on buying up oil well sites or drilling projects that were promising, but got capped and abandoned by lesser funded smaller companies back when oil cost only about $30 a barrel.
Which makes the West Salt Creek Oil Field -- right up against the mega successful east Salt Creek Field -- an acquisition target for a company like Contango.
Here is Robert Madding's Linkedin resume:
[img][/img]
So the supposition Im making is that Contango is the pending merger or buyout company working with CGrowth.
Contango, which had been trading under the symbol MCF, was recently bought up and brought into the corporate fold of Crescent Energy, which is a New York Stock Exchange traded company, symbol CRGY, worth a $2.3 Billion, market cap.
This was how the Contango Crescent deal was consummated last December:
"Independence Energy and Contango Oil and Gas Company Complete Merger, Forming Crescent Energy Company
Continued Expansion of Differentiated U.S. Energy Strategy Combining Investor Mindset and Deep Operational Expertise
December 07, 2021 04:32 PM Eastern Standard Time
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company ("Crescent" or the "Company") (NYSE: CRGY) today announced the successful completion of the combination of Independence Energy LLC ("Independence") and Contango Oil & Gas Company ("Contango"), creating a premier, diversified and well-capitalized U.S. energy company focused on consolidation. Crescent's Class A common stock will trade on the New York Stock Exchange under the ticker symbol "CRGY" at the open of trading on December 8, 2021, and as previously announced, each eligible share of Contango common stock issued and outstanding immediately prior to the effective time of the transaction will be exchanged for 0.2000 shares of Crescent Class A Common Stock."
So you see there in the last line the holders of MCF/Contango shares got there money via the liquidity of CRGY shares. 1 CRGY share for every MCF share.
My personal belief is CRGY would offer Bill Wright the ceo of CGRA $90 million for the company, including the West Salt Creek Oil Field. (The marijuana growing operation could still be a spinoff dividend for CGRA holders, perhaps).
That equates to about (2.3B divided by $90M -- 1 CRGY share for every 20 CGRA shares.
So for example, if you bought 100K shares of CGRA recently for .025 cents, at a total cost of $2,500, my speculative transaction would give you 100K divided by 20 = 5,000 shares of CRGY which is currently trading at $13.30 on the NYSE. $13.30 X 5,000 shares = $66K
How sweet would that be? And doable I think, dependent of course on what deal Bill Wright has worked out.
Takes two to Contango...?
Jan. 2022: Contango Oil Co. hires Robert Madding as its Wyoming "production foreman."
Madding was Fleur De Lis' (FDL) Salt Creek (green oval in jpeg below) production foreman, from Jun 2017 until Jan. 2022.
Great hire, if Contango's buying out CGrowth's WEST Salt Creek (red oval) oil field.
Salt Creek's (green) yield to date: 650 million barrels
https://twitter.com/tyrus603/status/1585893631218417665?s=20&t=ac6bhCrIRzbjwzR_6A2hwQ
https://www.linkedin.com/in/robert-madding-7321ba81
# # #
https://www.forbes.com/sites/christopherhelman/2021/06/08/with-57b-oil-smashco-billionaire-john-goff-teams-up-with-kkr-to-consolidate-frackers/?sh=6d9c26f530ba
Excerpt from Forbes Mag June 2021 article on Contango's billionaire CEO John Goff:
For the past two years Fort Worth billionaire John Goff has been busy bottom feeding. As low commodity prices crushed overextended oil companies, his publicly traded Contango Oil & Gas has invested hundreds of millions to snap up some 400,000 acres of drillable acreage in Texas, Oklahoma and Wyoming, and now produces about 25,000 barrels of oil and gas per day. As Goff told Forbes for a profile earlier this year, “Oil and gas is going to come back with a vengeance.” And so it has, hitting $70 per barrel on Monday for the first time in years.
Today Goff announced his biggest oil deal yet—a $5.7 billion all-stock merger between Contango and Independence Energy, owned by private equity giant KKR. The new Contango will produce roughly 105,000 barrels of oil (and gas equivalents) per day..."
I wouldn't say CGRA is "touting" as much as some officially unidentified merger company is acquiring.
And "old worn out and spent" is quite the subjective take. It's still producing, and no evidence that it's "spent." Especially the West portion. Why the misleading negativity?
https://insiderfinancial.com/opec-cuts-production-heres-3-otc-energy-stock-plays-cgra-asre-trlef/183648/
"Regarding oil fields, adjacent properties next to large wells are the next best thing. The company’s West Salt Creek property is adjacent to the old Salt Creek oil mines. Those Salt Creek wells, owned at the time by Anadarko, were flooded with CO2 and plugged and sold to the Texas energy company Fleur De Lis Energy with financial partner Kohlberg Kravis Roberts. The mine produced 3,000 barrels of oil per day, and big oil conglomerate Anadarko Oil did the geology. CGRA’s property is next to the Fleur De Lis, so you don’t need a geology report to tell you it’s valuable. Fleur De Lis CEO Porter Trimble said “these oil fields have over 2 billion barrels of the original oil in place, with only a portion of that recovered to date”. The CO2 procedure from years ago has been maturing the land, creating more pressure and faster extraction once it’s producing.
CGRA has a measly $8mil market cap which, in our opinion, doesn’t justify the potential future gains from the retrieval of oil underfoot. Hypothetically, even if they made $1, There was a $9m bond made by PowderX, a subsidiary of CGrowth for this property…"
https://www.wyohistory.org/encyclopedia/boom-bust-and-after-life-salt-creek-oil-field
"Like so many oil fields, gas fields and mines in Wyoming, the Salt Creek field boomed, then busted. The bust was never complete, though. For 117 years, the oil has kept right on coming out of the ground. The Salt Creek field is one of the longest continually producing oil fields in the world."
Understood. I did find that May tweet also referencing the importance of clean energy minerals.
Agreed, the Wyoming oil is driving the train. That fact, and the fact all other missives from CGRA (aside from that one tweet about clean energy minerals, which I see as just a general statement of fact, not to be misinterpreted as CGRA making a company self-reference) means that it is most likely an oil company that wants CGRA's main asset as part of the reverse merger. No reason they can't also add new energy /minerals mining to their holdings.
I noticed at the bottom of the Press release embedded in CGRA's May 12 tweet announcing the pending reverse merger that one of the keyword "Tags" was "Texas".
(I don't see why the press release would have been tagged "Texas" unless there was some Texas entity connected to the merger, a la Stallion.)
# # #
CGrowth Capital Executes Share Exchange Agreement for Minerals Company: Prepares for Change of Control and Up Listing to an Audited Reporting Company
May 12, 2022 06:45 ET| Source: CGrowth Capital, Inc.
BREMERTON, WA, May 12, 2022 (GLOBE NEWSWIRE) -- CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Parent") is pleased to announce that it has executed an agreement with a Minerals Company to acquire 100% of the targeted project (the "Company") via a Share Exchange Agreement. Upon completion of the contract conditions, the acquisition would mean a wholly-owned subsidiary Company and a change in control with new management from the Company taking over CGrowth Capital Inc. The Parent and Company are under a strict non-disclosure agreement, along with additional non-disclosure contracts with other related parties of specifics until all conditions have been met.
Under the Agreement, the Company must complete its two (2) year audit in anticipation of uplisting as a fully reporting audited company. The Company's near-term goals include further advancing to a listing on a senior exchange and a series of debt/equity financings to develop its assets and acquire additional holdings.
The Parent is required to make the transition without debt and further liabilities and will begin the process of divesting debts and assets as required. The Parent anticipates restructuring of its equity prior to a closing and uplisting. Due to the nature of the anticipated acquisition, its go-forward plan, and the restrictions prior to closing, the Parent will cease further acquisition and growth strategies during the lead up to closing.
Additional information will be released jointly by the Parent and Company from time to time as benchmarks are reached by both the Parent and Company as both move towards a closing anticipated to take 60 to 120 days.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion-dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital’s services and solutions are designed to assist landowners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and dolomite to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations.
For more information and updates about CGrowth Capital, follow the Company on Twitter @CGRAOTC, or visit the website http://www.CGrowthCapital.com or Facebook page: https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
info@CGrowthCapital.com
The Company disclaims any obligation to update or revise any forward-looking statements.
Source: CGrowth Capital, Inc.
________________________________________
Tags
Crude Oil Energy Gas Petroleum Texas Mining CGrowth Capital CGRA Minerals
Related
This just-before pending reverse merger CGRA tweet seems to confirm their shallow oil drill site(s) are why they were a merger target.
Links
This was the tweet that confused folks. But again the renevse merger company can do clean energy minerals too in addition to the main asset they get from CGRA, why not.
Was that reference to "materials connected to clean energy, electric vehicles, consumer electronics, national defense and more" in a CGRA tweet referencing the merger at some point?
I noticed the same CEO Paul Williams and same management team have established both "Stallion Oil Co." and "Stallion Energy Group." Which one might surmise are focused on handling both old world and new world types of energy. Or maybe its more like they have one to keep financials strictly on their Texas wells and Energy Group for the other geographical holdings.
"Minerals"
Also something to consider, there is a common interpretation out there, which I think you share and are making, of a "mineral" referring strictly to solids when in the literal sense the definition of mineral may also include oil:
Definition from a mining sector website:
"The word "mineral" is used in a variety of contexts. Generally, ores of metals, coal, oil and natural gas, gemstones, dimension stone, construction aggregate, salt and other materials extracted from the ground are considered to be minerals."
# # #
So if that is a case of "misdirection" it may be because our interpretation of "mineral company" may differ with CGRA's.
CGRA's most valuable asset it appears is their oil tract in Wyoming, no? That would seem to be the main impetus for this reverse merger deal.
Say Neigh to selling. Should run like a Stallion postmerger.
So... CGRA announced the hush hush NDA merger period process shortly after this paragraph came out in their news release about the Stallion/CGRA Bahamas oil deal:
"The Company is working concurrently on the necessary corporate actions to be poised for action heading into 2022 and in conjunction with the completion of the Project approvals. Those actions include the shifting and/or divesture of certain liabilities and assets, the filing of a Tier 1 Regulation A offering, and the commissioning of a 51-101 Competent Persons Report on the Company’s West Salt Creek oil assets in Wyoming (a new report). The new report is being made possible through the Company’s newly announced business relationship with Stallion Energy Group."
# # #
My question is, how could the merging entity with CGRA be NOT Stallion?
Isn't their Wyoming Lands expert Kirk Webb going to tell them how valuable the Andarko-neighboring West Salt Creek oil fields site is, and how they better do a deal to hang onto it and not give it away to anyone else?
Of HORSE!
Stallion Oil Co. has very deep pockets. A $3 billion valuation according to their SOC prospectus.
Shake shake shake
Shake shake shake
and Climb Climb Climb!
yee haw!
Caveat Venditor!
IMPP is shakin off all those math-challenged nihilist, "everything sucks" traders who cannot comprehend that .32 cents per share annual net income and $90 million KEE YASH on hand equals a stock worth $1 to $2 at LEAST.
That's a REALLY good catalyst.
Good luck staving off the overall green trend from now til next earnings.
I'm sure we could name 20 more OTC plays where runs ended based on unrealized hoped for company developments.
When you posted your "overbought" warning about CGRA in your latest YT video there was no mention about why anyone might want to reenter the stock and what your price target from there would be -- in the trips basement?/ much higher? good/bad? -- based on expected catalysts and DD.
"DD is for suckers" and "scalp away" is the message. Celebrating ignorance and nihilism and the sort of impatience that Warren Buffet is often quoted regarding. Just not for me.
Good luck.
Congrats on convincing a large CGRA position holder to panic dump this morning.
You def have an influential presentation on YouTube; you are super articulate, blue collar-profanely entertaining, passionate, and you pack a lot of information into a short time window.
My only suggestion to you, as someone who has also been in the market a long time, is that DD does matter in many instances.
You can't just stare at charts exclusively and make a habit of learning nothing about the company officers developments or catalysts that largely propel the volume and price movement of certain stocks especially.
It's a lazy look to mock those in a swing play or longer hold for being "gullible" or being "weak" enough to "fall for the DD."
After looking up public info on various potential merger partners for CGRA my best guess is that it will be with the now private Stallion Energy Group.
Has anyone already posted about this? Apologies if you have.
Stallion's ceo Paul Williams is an established public figure with long experience in oil and a former NFL quarterback.
One of Stallion's "Team Members" and their "Landman," Kirk Webb has oil expertise in Wyoming among his listed geographical areas of expertise, according to his bio (pasted down below).
This makes sense to me also because these two entities, CGrowth and Stallion, started doing business together a year ago with the Bahamas thing, and Stallion would of course want to develop and drill CGRA's potentially hugely valuable Salt Creek West oil fields territory in Wyoming ASAP, and why not go public for added funding while taking control over CGRA's corporate reins and share structure at the same time.
Also, whoever designed the two websites, the one for CGRA and Stallion's, are obviously the same person(s). Check it out:
https://stallion-energy.com/
https://cgrowthcapital.com/
# # #
Kirk E. Webb
Landman
President / Principal of an oil and gas land brokerage firm with offices in Brenham, Texas and Uvalde, Texas. Started career in 1992 as a Field Landman for Enron Oil & Gas Company in multiple counties along the border of Texas, then worked for select clients around the United States managing field landmen, seismic crews, and corporate development. Specialize duties as a Petroleum Landman that include all facets (From start to finish) for a given geophysical survey; prepare documents, forms, and reports for oil & gas lease acquisition; prepare and research sovereignty title in order to author many runsheets & abstracts of title; prepare title curative documents in order to cure title defects; prepare and acquire surface use agreements for pad sites; prepare and obtain surface waivers; obtain and prepare multiple pipeline rights of way easements, and meter sites; various in-house services by the request of the client; settle surface damages upon the completion of multiple wells with small & large acreage owners; manage/work many due diligence projects for acquisitions and divestitures for select clients all over the United States. Geographical areas of experience include South, East, West, and Central Texas; Arkansas; Louisiana; Colorado; New Mexico; Nebraska; Washington; North Dakota, and Wyoming. Considerable experience with state regulatory agencies, particularly the Texas General Land Office, Texas Parks and Wildlife, Texas Railroad Commission, Bureau of Land Management, and Native American Tribal Associations. Notary Public for the State of Texas. Member of the following; American Association of Petroleum Landmen, Houston Association of Petroleum Landmen, Independent Petroleum Association of America, International Right of Way Association, Texas Oil & Gas Association
I agree that selling is a mistake.
Just saying in this market the share price rise isinevitably going to slow and require actual news to have the stock go parabolic.
It's a "Show Me the Merger" situation with CGRA presently.
The "60 to 120 days" from May 12 got extended, and "by month's end" for merger news could possibly get extended too.
No one knows so meanwhile you have impatient day traders flitting in and out, chasing other plays.
Holding mine, but just saying... Friday or Monday you might get that surge over .03 but for the midweek days here, Tues Wed Thurs it could be a mid to low .02s churn as we wait on news and people skeptical about how long it'll take.
See my previous post.
No takers on a 200K share bid that's about 20 percent over last week's average Ask?
Looking very bullish.
Just needs a day or half-day to shake out the more cynical "sell the news no matter what" traders.
Once they're out, the mathematical reality of the "what" will take hold.
Being that at 32 cents annual eaned income per share and $90 million cash on hand and booking percentage climbing, this ought to be trading at $1 to $4 per share even in a crap market.
Like your numbers better than mine.
VAPR will really go skyward in price once the first vehicles roll and sales start happening of course.
You're absolutely right about the value Langmesser brings. He is the real deal. E-Cite having its repeatable electric drive train and internal parts set, coupled with Langmesser and his partner's safety knowledge and design skills, plus the benefit of the LVVM law enabling E-Cite to speed up production are like a Perfect Storm forming for the arrival of 2023.
One of the next catalysts should be the Nov. 1 SEMA showcase in Vegas. Sales pre-orders likely to come out of that.
Grand Theft Auto demographics
Thought I'd fact check my similar assumption that GTA fans are all young and broke. Turns out, not true..!
CHA CHING!
# # #
'Granddad' Theft Auto: Middle-class, middle-aged parents are most likely to play violent crime game
Online players of Grand Theft Auto V are 33 per cent more likely to have children and are twice as likely to be married, according to a study
Exponential interactive found gamers were also 54 per cent more likely to be in the middle income bracket
The video game is particularly popular among the 55 to 64-year-olds
Most people might not expect middle-class and middle-age parents to enjoy a video game that involves reckless driving, gunning people down and robbing banks, but a study has revealed otherwise.
Online players of Grand Theft Auto V are 33 per cent more likely to have children and are twice as likely to be married, as the average video game player, it said.
While most people imagine teenagers staying up into the early hours playing violent computer games, there was an 'uncharacteristic spike' in the number if 55 to 64-year-olds playing the new game.
While most people imagine teenagers staying up into the early hours playing violent computer games, there was an 'uncharacteristic spike' in the number if 55 to 64-year-olds playing Grand Theft Auto.
Exponential interactive analysed the behaviour of over two million Britons who have played Grand Theft Auto online and compared the data to the internet population and general video gaming audience
Exponential Interactive analysed the behaviour of over two million Britons who have played Grand Theft Auto online and compared the data to the internet population and general video gaming audience to pick out characteristics most representative of a Grand Theft Auto fan.
Their findings might surprise quite a few people as they break the video gamer stereotype in a number of ways.
While younger people are the largest players of the game online, the next biggest group are 55 to 64-year-olds.
Despite the violent nature of the game ( a wallpaper is pictured), the majority of the Grand Theft Auto audience claims to be more interested in the arts and literature than in going to clubs and bars and have broad interests to reflect their family life. Online players of Grand Theft Auto V are 33 per cent more likely to have children and are twice as likely to be married, as the average video game player, according to the study. The study also said that Grand Theft Auto players are more likely to be shopping for suits and briefcases than players of other video games
The study said that Grand Theft Auto players are more likely to be shopping for suits and briefcases than players of other video games - some of which might be less violent.
While people working from home and seeking work unsurprisingly make up a large part of the Grand Theft Auto online audience, the game was also found to attract players from a variety of industries, from construction to the media.
Players of the game are also 54 per cent more likely to be in the middle income bracket, the study said.
While people working from home and seeking work unsurprisingly make up a large part of the Grand Theft Auto online audience, the game was also found to attract players from a variety of industries
GTA: BRITISH SUCCESS STORY
Grand Theft Auto V realised sales of £500 million shortly after going on sale.
The game delivered the highest first day retail sales of any title sold by Take-Two Interactive Software, the parent company of the game's developer Rockstar.
It reportedly cost around £170 million to make and market GTA V - more than films such as Avatar.
Experts estimate it could generate £1 billion during its first year on sale, with gamers predicted to snap up some 25 million copies - breaking current records.
The GTA series has accumulated sales of 135 million copies since its 1997 debut.
Despite the violent nature of the game, the majority of the Grand Theft Auto audience claims to be more interested in the arts and literature than in going to clubs and bars and have broad interests to reflect their family life.
Players of the game are five times more likely to be interested in reading books - particularly historical texts - than other gamers and particularly enjoy Finding Nemo and The Big Bang Theory when it comes to picking something to watch on TV.
Suggesting that not all gamers are couch potatoes, the study found that Grand Theft Auto fans are 63 per cent more likely to be interested in running than the average gamer and have a 6.7 times greater interest in jet-skiing, that is possibly influenced by the game.
# # #
By the way, no wonder Langmesser told the YouTube interviewer that E-Cite is definitely offering right-side driver's wheel cars too!
There are a bunch of articles online about how GTA skews markedly toward the middle-aged to older "briefcase carying and suit wearing" set.
# # #
According to the poll, most of the players belong to the age group of 18 to 34. Meanwhile, 29.34% of the players belong to the age group of 35 to 54. The least number of players are aged 13 to 17 years old. There are also a couple of players who belong to the 55 and older group.
-- Mar 13, 2022
How Many People Play GTA V? (User & Growth Stats 2022)
https://fictionhorizon.com/how-many-people-play-gta-v-user-growth-stats/#:~:text=According%20to%20the%20poll%2C%20most,the%2055%20and%20older%20group.
Point taken, actual vehicle sales numbers would be the ideal press release.
Of course there's no way the stock price would be three cents if E-Cite was already approaching the million mark in production, or even a thousand.
But even though they're categorized as a "low volume vehicle manufacturer" E-Cite has stated in their company description that they're aiming for "commercial scalability" with their EV models.
To me that means they're aiming to sell up to the max amount that the LVVM law allows:
# # #
"The term “low-volume manufacturer” means a motor vehicle manufacturer, other than a person who is registered as an importer under section 30141 of this title , whose annual worldwide production, including by a parent or subsidiary of the manufacturer, if applicable, is not more than 5,000 motor vehicles."
# # #
I'd like to know what's E-Cite's average price per electric vehicle is going to be, factored among their trucks, "Super cars" and "affordable" sports cars, but check out this basic math, even if you really lowballed it at $35,000:
$35,000 X 5,000 cars annually = $175,000,000 revenue.
Lots of parts and assembly costs to be paid out of that figure including for the Tesla batteries, and manufacturing partners sure, but for cool cars that will roll out automatically meeting even the toughest emissions standards (CA) worldwide there's big profit potential.
The LVVM law was first proposed sometime around 2015 to help gas powered car replica makers bypass strict safety standards to get their rebuilt classic cars on the road quicker but they still have to meet all the strict emissions standards out there, which continues to be a big pain in the ass hurdle for them.
Meanwhile for an electric vehicle maker like E-Cite to take advantage of the low volume manufacturer law, as Gene Langmesser is doing, is genius. Because they only need the VIN numbers, which they have obtained, and they're legally ready to roll out up to 5,000 of these babies a year, pronto.
At a $12M market cap, in a time when we're getting closer to a 90 percent EV dominated world every day, VAPR is looking undervalued here.
What PR can really make VAPR pop? you asked....
Ask, and ye SHALL receive!
lol
# # #
E-Cites Vehicles To Be Available in Grand Theft Auto V Video Game the Second-Best Selling Video Game in History With Over 169 Million Units Sold Worldwide Beginning in November
Thursday, October 13, 2022 9:15 AM
COO Gene Langmesser stated: "Having our vehicles available for players to drive and experience while playing GTA V will expose them to a vast worldwide audience in an interactive manner that they otherwise would not be able to enjoy. This gives E-Cite free exposure and aids in bringing awareness to our unique vehicles".
(full news article link)
https://www.accesswire.com/720306/E-Cites-Vehicles-To-Be-Available-in-Grand-Theft-Auto-V-Video-Game-the-Second-Best-Selling-Video-Game-in-History-With-Over-169-Million-Units-Sold-Worldwide-Beginning-in-November
The SEMA car show in Vegas on Nov 1. will likely produce another boost in confidence and share price for E-Cite investors.
"... The booth (number 10225) is located on the main level in the North Hall in the media hub of the show known as “Celebrity Row” amongst the most popular and most covered exhibits highlighting the SEMA show..."
... The special interactive exhibit will be in E-Cites booth on the main floor as an attraction providing attendees and media in depth details, ordering options, and experience with E-Cites vehicles. E-Cite also plans on making significant announcements and updates."
Maybe they can get Seinfeld or Leno to take one for a spin on camera...
They love the classics. Even if Jerry typically whines about it not really being the same, maybe because the motor's "too quiet", it'd be GAME OVER for the VAPR share price the day he or any other celebrity gets on camera behind the wheel.
$1 a share, easy.