Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Do you know of any other company that has amended, rescheduled, restated, or corrected more SEC filings or PR's than TIV? I bet there are 100's over the last couple decades and the new guy is doing it on a "steady and continuous" basis (remember when the old CEO said that about those short term PV production tests?).
Well, based on 100% of past experiences with this company, I would bet the 2nd qtr report delay does not mean a good thing.
Geo
"He likely believed Lynn's b.s. but and bought in hook, line and sinker."
You think he/she really did "believe" Lynn's b.s., or he/she pretended to believe, so his/her people would plow many $10's of millions into the grand and glorious stories of riches so he/she could make huge money off of it? Money raisers usually don't just bring their people to table without receiving some form of compensation, right?
As always all of the above are just my opinions, no facts are asserted.
That's pretty funny you know a guy who knows that Bherooze character. I sure haven't heard his name in years and thought for sure he went underground because "his people" are many probably $10's of millions underwater from following his investment guidance, if any. I always wondered if he had all the proper legal credentials, if any, to raise $10's of millions and plow it into one specific oil & gas company. And I always wondered if he ever got any under the table "reward", unbeknownst to his people, for bringing in their money, if any. What does your Opus member friend say about his Opus investment. Good investment?
Geo
The 3-6 month old Uptrend channel sure has been eradicated!
I guess we should have expected it from these guys since it was all based on hype, or was it smoke and mirros? headnods? winks? LOL
Geo
The big event in recent days was they moved to smaller offices in a strip mall. And today's short int report shows the shorts covered 12% (300K shares) at the same time the share price dropped by about the same %, which is very common for TIV.
The reason why TIV is at 50 cents is likely because the market place still feels the new CEO has not improved TIV's credibility enough in the year and a half since ousting the last CEO.
Geo
The first I heard of the move was on the other board. Its not the first time we heard non-PR'd stuff by certain posters on that board.
Yea, the sweet Kromer payoff was pretty funny. I think you nailed it when you said, "Keep the good ol' boy network alive TIV! Nobody ever knows when it might be YOU needing a cushy job at some other oil company wannabe so greasing those wheels ahead of time is a GREAT idea".
The next do-nothing exec buddy to get the golden handshake send off (back scratchin) will likely be the "Exploration Manager" (Stark?) since its getting obvious to shareholders (oops, they are catching on?) TIV shouldn't be handsomely paying an exploration manager when TIV stopped drilling very expensive dry holes, I mean doing exploration, many years ago. Hey, in spite of not using his expertise, if any, they kept him on payroll for many years. LOL
Geo
Yes, its kind of fitting for the COB (Tommy) to oust the CEO and stick in someone who turns out to be worse (in building back his lost 10's of millions), but at least honest. LOL
Geo
Just think, it took 150 million shares traded between about 40 cents and 80 cents and what did we end up with but a declining 55 cent penny stock. In other words, 150 million share traded above 40 cents gave us a 15 cent increase...for the time being.
This new CEO who that took over the reigns over a year ago sure is inept in creating shareholder value, but then again he was "groomed" by an ex-YMCA guy and wannabe oil man so what should we expect. LOL
Geo
How's that uptrend channel lookin? A tad "distorted" now with a 55 cent share price of lower line?
Geo
I imagine our short lived "uptrend channel" is looking a tad fragile after the dog & pony show. I bet there was a lot of chuckling over cocktails about TIV's touting by a CFO that they were going to be the biggest oil sands producer in California. No wonder the share price went down after the dog & pony show.
Geo
With the right amount of heat, chemicals and diluent, they can turn the thick, heavy, low viscosity, "tar" (7 degree API gravity) into a fairly free flowing liquid (like oil) to put in tankers for delivery to LA refineries. At another "tar" field called San Ardo, in West Central California(Monterrey County), which is a huge billion barrel field, the steamed/produced heavy oil (not as thick/tarry as PV as it has higher 10-13 degree API gravity) is treated and then put in rail cars for transport to LA refineries. I doubt PV tar, with its exceptionally low gravity (7 degrees), can ever be cost effectively treated enough (50% diluent?) to be put in a pipeline for transport to LA refineries. Since most oil produced in California is relatively lower gravity with higher sulpher content than oil fields in other states, the refineries here are well designed/equipped to process it into the various refined components.
Geo
Almost out of the lower limit line of the 3 month old uptrend channel. And the way its performing, it looks like tomorrow just might do it unless of course TIV does something market place astounding like deliver some significant bottom line news, which they sure aren't good at.
Kind of crazy we didn't that common few cents pop before the dog & pony show this time. I guess past experiences of investors travels fast and wide in the market place.
Geo
You sure that didn't happen the morning of, in anticipation of something "big" to be spouted? One thing is for sure, it tanked quickly after since it was same ole same ole stuff ("hold on, it could happen next quarter"?), right?
As SA said, these guys have been unable to say anything at any conference that would cause the share price to rise precipitously (more than 20-30 cents?) and keep rising from there and not tank in 2-3 days after "investors" had time to digest same ole same ole.
Geo
Based on the share price action after the conference announcement, do you get the impression the market place feels TIV's management has no ability whatsoever in convincing any new investors that TIV has something (oil or gold?) worth investing in?
Its pretty sad when even before the conferences, the price slides so much. In the past at least it would bounce up a few cents before.
I wonder if staying listed on AMEX is in jeopardy again. We would be the last to know.
Geo
And that uptrend channel was built by over a 100 million shares traded so it should be fairly solid, right?
Geo
It seems they are always "expanding" (building more infrastructure, more production capacity, laying pipelines, drilling wells, buying more steaming units, steaming more, hiring new engineers who are experienced in tar recovery, etc, etc) but we never get positive results from all that expenditure whereby we can confirm it actually worked in increasing production. Never...
Geo
And what price point (50 cent?) does that uptrend channel not stay on track? It must be pretty fragile and close to that point with Friday's 3 cent/4% drop, right?
Geo
GO, you were right! You said "the chances of it moving up during that date are slightly higher than it not moving at all" and bingo, it moved up one cent today! The "slightly higher chance" of it moving up was correct! "Slightly higher" being the key phrase....LOL LOL
Geo
Yeah, thats what they said about Gamble, and he lost $30-40 MILLION on TIV investments, and then they said it about Ironman when he bought 6 mil shares at 50 cents, and he is almost underwater and is likely unloading a mil shares at 60 cents to be sure his entire investment doesn't go underwater, and now you are saying it about UXG who has ONLY SIGNED a letter of INTENT! Yeah, OK...LOL
Geo
LOL. First of all they have to actually close the deal as in getting a real binding agreement signed, not just a Letter of INTENT. And secondly, the "timing" has to be perfect for TIV (DOW and gold up huge at same time) or TIV will crater more. And lets face it, TIV has never been good at timing...
Geo
Either TIV is still too incompetent to figure out how much they produced in their first qtr (2010 or 2011), or these paid bottom rung pumpers are clueless.
"Tri-Valley says that production in the first quarter totaled 7,004 barrels of oil compared with 6,110 barrels in the same quarter of 2010." TOTALED? Try "averaged per month"..knotheads!
Pretty typical for this bunch (pumpers and management) to be clueless with their own business they promote.
Sheeesh!
Geo
You can see what the market place thought of it. Not much based on resultant volume/price over the last week since the "news" came out.
TIV just may have too many decades of a tarnished reputation from past CEO deeds to ever escape from being a penny stock, regardless of what it "announces". Hard to say.
Geo
So, TIV totaled 7,000 barrels in the first quarter 2011, a 3 month period, right? That would be about 2,300 barrels per month or about 70 BOPD's, right? As per that wonderfully reliable report of course....LOL
Another very common bottom feeding, wrong, paid for, report....
Geo
What else does this new CEO have to work with besides printing shares continuously to keep his and 30-40 of his staff's paychecks coming on a steady and continuous basis? Just has high cost, price sensitive and economic fragile "assets", that don't cash flow enough to pay overhead.
He's gotta do what he's got to do.
Geo
Remember how the old CEO said he "groomed" the new CEO Cunningham for a year before he took over the TIV reigns...it's obvious the "grooming" was showing him how he could perpetuate his job by printing shares instead of perpetuating it the old way by using embellished PR's, since the market place caught onto the PR trick.
Geo
10-4 on the gold. But, a partner would be extremely valuable to TIV's bottom line for a few years (until they bailed early like all the past partners?) even if no gold is ever found in commercial quantities because the partner would be paying all the expenses on those money sink property(s) which would help reduce TIV's bloated overhead/expenses.
Geo
I agree, over enough time with sustained oil production growth (much higher "sustained" production is key, not for one day/month/qtr and then back down) TIV should be able to "steadily walk out of these doldrums that has been its bane these many long years" and regain some market place recognition as a real player in the oil biz. As for gold, the only thing that will give them any credibility that their gold holdings have any bottom line value, is to secure a real player partner. The market place is currently putting no value on that stuff as evidenced by TIV's stagnant penny stock share price.
I still own many 10's of K's and hope one day TV will actually perform according to their PR's.
Geo
Screw that...I would rather have the carnie barker back with broken promises and touting pie-in-the-sky glory and have a $17 stock again! This new guy "with reasonable, reachable goals" will get TIV to escape being a perpetual penny stock. Too many 5-10 flippers that will always provide heavy selling pressure to keep the stock at 50-70 cent range with periodic pumper induced pops!
Geo
Already down 10%...and the day isn't over...
It'll be 50's soon.
Now that might be a good entry for the next pumper run to 70's.
The report should have been sequestered longer. It sure is obvious why they delayed putting it on their web site..It crushed the share price.
Geo
There lies the problem...TIV has such a bad reputation as a blow heart company, all we have are penny stock traders who sell out on the slightest pump run, then it slides back down because TIV never really does deliver anything close to what it, or its many pumpers, tout, or is even on time with when they say they will deliver it. As long as we have predominantly these types of opportunistic flipper shareholders owning most of TIV, the stock may never get out of being a penny stock. One sure thing, we can't count on TIV management delivering anything astounding (like monetize the gold story by securing a real industry partner?) that will cause the share price to rise substantially, that's for sure!
Geo
Yeah...LOL..just like "10,000 BOPD by end of decade"!
Geo
PW, I will accept another apology from you regarding your second misinterpretation of what I said. I said the OLD CEO had the silver (Forked?) tongue, not the new CEO. And the new CEO might have been direct and to the point with no embellishment of numbers but he was presenting the same data about shallow, high operation cost, tar production, which DOES NOT have a lot of sex appeal to big players. And of course the same old gold story about how TIV's property is so much bigger than their neighbor, THM, but for some reason just can't find a partner to join forces with them, not even THM.
Geo
These guys are trying to do the same crap the old carnie barker CEO did by putting on dog & pony shows to make the stock go up. But, the old guy was a master at it with a silver (forked?) tongue and got in front of naive and unsophisticated investors (trust fund babies) and these guys are just honest amateurs tellin the same old stale TIV stories in front of experienced and industry savvy investors. Doesn't work...
Its all about delivering real tangible bottom line stuff and these guys have no experience or ability in doing that.
Too bad for longs...its likely headin south after today's debacle.
Geo
So..that's good to buy a stock at the same price it was 10 years ago, right? And if the Outstanding share count and overhead have quadrupled in those 10 years, that makes even better, right? Alrighty then..
Geo
Hey, you know too much....;)
Geo
Not as per very enthusiastic After Hours trading....
Tri-Valley Corporation to Present at ROTH Capital Partners a BUST!
Nuff said!
Geo
Its TIV and the market is very aware of a company on AMEX with the symbol TIV!
Geo
Not a lot of buying enthusiasm in anticipation of "new" news being released at tomorrow's dog and pony show. In fact, it looks like there has been a lot of selling enthusiasm, even at big losses.
This will definitely tell us whether the new TIV has been doing anything productive towards building shareholder value during their first year in office.
Here's hoping they have something to announce besides the same ole non-committal crap with a carrot dangling.
Geo
Howard, notice how the market place reacted to the announcement of yet another TIV dog and pony show.
Well, one good thing for us shareholders is it usually causes a nice price spike the day after which lasts for a few days so it affords the opportunity to flip some shares bought at this level. Gotta be on it though, before the bloom fades again because the market place recognized nothing will be happening until next summer, or perhaps no gold partner really did step up and sign on the dotted line.
Geo