Yeah, frat,
this PR is not a comprehensive review of their business situation. They are involved in OK and in Tubbs (WW) and Tyche.... They have not exactly filled us in on much here, but thats not complaining, because the info they did release is encouraging, to say the least. Its just that, unless they raised cash by selling other stuff, they have a lot of other irons in the fire. What about the Lake Erie stuff... anybody remember that project... adjacent to that Tallisman horizontal well, if I recall.... so, there is a lot they are either still working on or that they may have sold to raise cash to be debt free and complete this big deal down here in Texas/Louisiana.

Imperial Whazoo

I was wondering the very same thing. I was specifically told that Hydroslotter was planning to become a producer rather than work thru Skip's little company as they had in the past (the State folks told me this was their "understanding" but they never confirmed that Hydroslotter had acctually pulled the trigger and become the operator... so that much is still "rumor" until maybe somebody can confirm it... or not, whichever).

Imperial Whazoo

Yeah, as regards my "source" on that, now I'm able to attribute it to the Region 6 Coservation District office. I spent a month developing a conversation with them and, because I was an experience hand at the tax issues (property tax) they deal in as a part of their job, they actually called me on the phone one day in about August and told me the problem was that there were inspecific title issues. To be exact, what they told me was that Skip always tried to camo his reworks by renaming them and that in the case of the Ophelia well, they told me that there were three parties (whom thay did not name) and that, unlike the first well, they (the State District 6) were not going to grant the rename (apparently the three party confusion legitimized their turning the rename down). Without a formally granted new name, the well never got posted to their web site, because it was not the old well any longer and there was no ID number to which the state was allowing posting of production.

Anyway, the "source" specificaly told me that, if I did not agree to not reveal their name, I would not have been told anything. I was more than willing to agree not to name them, so they filled me in on some details that explained why the holdup out there was happening. Thats why I only talked around the matter... because I had agreed to not reveal my "source", which I'm still not going to do, by the way. However, I didn't agree to not talk about what I knew, so I just waited on "the rest of the story" to begin to come out, which is why I'm finally filling in the details on what I learned in late summer. It was my decision to wait because I would not have been able to reply to anybody challenging me on what I could have posted and it thus seemed like a waste to post something I was not going to be able to buttress with DD. Now that the PR mentioning Grimes has come out, I'm posting now.

Thanks spiras for the kind words.

Imperial Whazoo

Now that was funny!! Thanx for making me smile, man.

The thing that always puzzles me is the logic behind the shorts. Is it simply a given that due to the fact that the odds are always against pinkies/pennies, firms wishing to make a quick buck at the expense of ordinary investors ALWAYS consider shorting these pinkies/pemnnies? Are they always considered fair game? Is it an industry standard, as it were, that even a company like KING, whose "story" is more credible than most, is vulnerable to shorter?

I had not thought KING a vulnerable candidate. As a matter of fact, the age of the principles (ie... health problems torpedoeing them) was the chief vulnerability IMHO, because I thought there was a far beeter than average chance that their experience in the "big" oil side of the business would enable them to deliver on their vision where many other pinkies/pennies, not having this resevoir of genuine experience, would be less likely. So, apart from health vulnerability, I thought KING less risky and hence less of a natural target for shorters. If, on the other hand, it is a given that all pinkies/pennies are generaly considered fair game for shorters, then my inexperience is showing.

I was strengthened in my assessment of them by the recent PR about the audit. It speaks to the baseline concern many investors in pinkies have: the resolve of management to keep to the plans they have PRed. These guys seem to fully comprehend the importance of financial transparency to investors. They said they were aiming at this and the PR confirms they are keeping their eye on the ball. So, then, my reaction to your posts today is to try to understand why you believe it is a short position.

Another thing that puzzles me is that I thought a shorter ultimately wants the price to come back up so they can make money from their having gone short? Am I confused or somesuch? Is what they are doing is trying to spook others into bailing so they can accumulate and max their gain when price does recover? I guess I don't see why it is a given that the pressure to keep it down will continue. It seems to me that at some point, they will want it to stop continuing and given that this is likely, why is the present dampening down at the end of the trading day indicative of what you suspect?

TIA

Imperial Whazoo

OK, sounds interesting. So, since the heavy end of the day selling that we have been seeing sure doesn't look like a normal long getting out of a position, what does it look like to you (ie... you say it is suspicious... what do you suspect is going on?)

Imperial Whazoo

OT: (But, because there are so many penny golds and silvers, also reasonably considered on topic, too, I think)....
Check out what gold is doing this afternoon
http://www.kitco.com/charts/popup/au24hr3day.html

Imperial Whazoo

I like that... "A pinkie with a difference".. That should be the board motto!!

The last three days have been dojis on declining volume. Even so, the accumulation & money flow have been continuing their upwards trend. If there was to have been selling pressure after the 12/27 (the last day to guarantee the divy) then it definately is not obvious here.

In a lot of instances, the appearance of a doji in an uptrend or a downtrend occurs at the approximate midpoint of that leg. This is a general rule and it is not ironclad. So, after the first doji, there could reasonable have been expected a several day continuation of this leg, which is down. In that there has been no such pattern but rather 3 days of dojis.... 3 days of indecision without further impetus being added to the down trend, it is my opinion that the down move is essentially strengthless.

Now, sometimes a move makes an exhaustion gap (up or down) which happens at the end of a leg up or down and is a failure point of the current trend. This is clearly not the case here. In this case, there is a war going on between the downs & the ups and neither side is prevailing.... hence, the three dojis. In that it is logical that the downs could reasonably have been expected to have a few days to themselves after the divy date and they did not succeed in doing so, I believe the ups have won. They haven't succeeded in moving price up, but they have succeeded in preventing the move down from having success. Even so, stocks seem to behave like gravity were a force in charts, just as it is in the real world. So, unless there is news that creates a reason for there to be strength in an upmove, it is reasonable to expect a gradual decline. But, what seems, IMHO, to have been stemmed & stymied here is a downmove that has force behind it. Gravity could cause some drift over time if news is still not released but there is no strength in this down leg and, as a general rule, if they can't take it down, then they will take it back up. So, IMHO, if you still believe the story behind this stock, then any further drift down can be considered a buying opportunity.

All IMHO, of course.

Imperial Whazoo

OT: Is this an investment related conference of some kind?

They did it, cunnungly, as a device to cause year-end tax sellers to hold onto the positions they were likely to have sold otherwise, thus preventing a mini-crash at year end that would likely have sent the pps subpenny. IMHO, that is... no inside knowledge, mind you, just deductive reasoning.

Imperial Whazoo

Just a dumb question but who exactly is Ezra Smith & why is he referred to infrequently? Whats his connection?

Imperial Whazoo

Yeah, I figure they could care less about whether their actions stimulated folks to buy more at year end. All they were trying to do, IMHO, was forestall an end of year "crash" as people who had held for a long time decided to sell their BIGN to take the loss to offset gains elsewhere in their portfolios. I was watching for a selloff to begin once people got their divy and the selling this week in BIGN is what happens once folks have booked their divy. So, the decision on everyone's brain is whether to take a loss now and use the proceeds (such as they are... diminished considerably) for something else or to hold on. The BOD caused people to hesitate and now fewer (probably) will bail. Now that its too late to take the tax loss, the size of the down swoop is probably reduced. The year end tax incentive of the loss was cleverly addressed by the divy. So, the size of the stock price swoon is probably going to be less pronounced than it would have been had they not announced the divy. In essence, the divy at that time of year was a defensive move and a rather well thought out one at that. It caused likely year end sellers to hesitate, which was all the BOD really wanted. I think it reveals that they are sensitive to not have their stock price go subpenny. I bet they have a PR or two cued up and loaded, ready to release to rescue a subpenny move, should it begin to occur. They probably would prefer to have the LOI close and release one massive PR, but they'll also probably trot out a PR or two on stuff they know will be modestly favorably received if it looks like sub-pennyland is imminent. That IMHO. of course.

In any event, if the divy acts like Tyche seems to be trending to do, then the shares from the divy will be worth a bunch once they pass out from restriction. Just my opinion, mind you.

GLTA

Imperial Whazoo

Thanx for the good word, wing.

OT: I've been fighting broadband gremlins all day. Gad I hate Comcast cable. In my 30 years in high end computers on both the user side & the seller side, I've never encountered worse support than I've had from Comcast. I'd swear I was dealing with the beaurocracy in a Communist contry!!

ImperialWhazoo

I'm in VION. Was waiting to sell as my profit point was reached already and for som reason, I watched it instead all day and if you look at the volume at14:53 PM...39,959 buy at 1.38 - 1.41. Looks like somebody stepped in and bought some more deliberately, near EOD.... typical indication that sombody thinks it will nmove som more tomorrow. Nice little recoverey on it over the last few days. VION

Imperial Whazoo

How about this for a little energy play thats ready to turn back up? GSX @ 2.38. 286 on the ask @ 2.38 / 26 on the bid @ 2.37.

Hey eats -
Next year when I go Christmas caroling, how about I use that version when I ring your door bell!?! LOLOLOLOLOLOLOLOLOL!

Still no volume. 477K big deal.
Yeah, I agree with whoever it was that said the .013 on 263K was just somebody bailing. Those dips are buying opportunities to cost average down IMHO.

WOW... now thats a visual.... imagine Lancaster parading around in thet Burger King costume they have that guy in the television ads wearing.... WOW... thats a visual!! LOL

eats... I'm not nosey. Send your warfare comments with nosey to nosey, not to me... people might get the wrong idea. I'm not nosey, OK?

By the way, how was the cruise?

Imperial Whazoo

Cool... you actually got thru. You sure you weren't being forwarded to Lancaster's cell phone in Bolivia LOL?!? Could you hear barnyard noises and the sounds of a strange language and the grinding of bus gears at the driver of of the 1st class Nacional Trancpotational Dde Bolivia ground the gears... could you smell deisel in th air!?! Just checking LOL!!


Imperial Whazoo

So, you just called them, right? how long ago?... its 1:25PM Dallas time right now. In Tyler or the Toronto number?

Imperial Whazoo

They may or may not be in a board meeting, but I'm sure in a bored meeting!! (Its so slow I'm resorting to bad puns.... help!!)

Imperial Whazoo

Another I'm already in is BKHM. It has a lot of resistance at about 4.2. It needs to close above 4.17 on more than 3.4702 million volume. If it does that, it can still bounce off resistance at 4.19 and again up to 4.33, but the good sign is that it has held strong above the 20 day in the last week and its volume in doing so was 2.1625 million volume, higher than vols on both the 4.19 and the 4.33 price point. It may take a while to penetrate the 4.33 high, but I think its going there. Its not clear when, but thats where it wants to go.

Again, very strong Accumulation, OBV, & Money Flow.

Oops... wrong board
Imperial Whazoo

Hello Rig , I thought I'd join the posting here. Like what I see. Been a regular over on KING.

New year... new board to frequent...

DTMG @ .065 - It has some pretty cool PRs in the year that speak of a firm hand on the helm:
1) They had the managing director of Lehman join their board... not too shabby - http://biz.yahoo.com/iw/060216/0110277.html
2) On September 26, 2006, Dr. Jim DeCoste, an expert on the issue of naked short selling, was appointed to the Company's advisory board. http://biz.yahoo.com/e/060926/dtmg.ob8-k.html
3) On November 16, 2006, Mark Ragusa, who was a Director at Fujitsu Network Communications for the last 9 years, became Chief Marketing Officer. http://biz.yahoo.com/e/061117/dtmg.ob8-k.html

From a chart perspective, it is real strong in these indicators, which are my top ones in my system: Accumulation/Distribution, OBV, & Money Flow. And as to indicators that speak to the issue of timing the entrance into a stock, check out both the CCI & the Slow Stochastic. If you use the MACD, which I don't, it is telling you to wait.

It just came up on a scan I use after the market has matured each day, so I haven't been watching it, but I like what I see.

Imperial Whazoo

Well, check this out as a way to begin the new year...

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070103:MTFH44787_2...

Now I know that the company is not our Royal, but we have been waiting for news out of Grimes and ROYL is (was) one of the major property owners/operators in the Sacramento Valley area. Check this link to confirm:
http://www.aspenexploration.com/HarvestingTheSacramento.pdf

The reason this is important is that waverider has repeatedly reported that we should consider our interests in Grimes as a past issue. And, some (I can't really remember who began it although I fully subcribed to the notion myself long ago & would have been willing to advocate it publicly if there ever had been any "evidence" to buttress my feelings so I didn't go too far out on a limb asserting it) said that Hydroslotter is on a path to become a direct player out there rather than operating thru Skip's little company.

So, the thing that may be unfolding, although the news release from ROYL today does not specifically say, is that this sale might represent the evidence that Hydroslotter is actually directly becoming a player out there and I suggest that folks get on this today to do DD to see if what is happening is that Hydroslotter has bought ROYLs wells & (as yet unannounced) BIGNs interests. And, if this is the case, this might be the"evudence" that begins to frame the assertion that the East Texas/Louisiana deal is to be debt free (ie: a sale of assets to finance the LOII/deal).

Also, if this is the case, it further suggests a PR from one/several/all of our entities is just around the corner.

Oh, and by the way, happy new year everybody!

Imperial Whazoo

Glad to see you're still around. I was wondering if you'd sold.

OT: Ever run down those little Israeli oils? (NESS, for example).

Happy New Years
Imperial Whazoo

Hey eats -
You should be on Wall Street Week in Review.... just about as usable an opinion. LOL

A toast!!

"To Montgomery Ward and his all girl orchestra... Here here!!"
Alan Alda - "MASH"

Happy New Years

Imperial Whazoo

yeh.... maybe lol

Check out what's happening with WWNG. Up bigtime this afternoon. Something is afoot, methinks.

Imperial Whazoo

So does my TD Ameritrade but I just checked Yahoo! News service and they don't have it yet (9:51 AM Dallas time)

Imperial Whazoo

.0675 is what I'm referring to.

Who knows. Maybe the've got one last fella to sign off on the deal and he's out hunting in South Texas and Lancaster is chasing him down on his deer lease, fountain pen in hand. Who knows.

Imperial Whazoo

Nice little piece of close of day action, don't you think?

Imperial Whazoo

You shouldn't forget that futrcash owns a boatload of restricted shares and that in any universe, special ownership has its rights. He probably has them available to trade (the 1 year estriction having been lifted on the 1 year anaversary, whatever that was in his case). Anyway, when a guy who could dump a boatload of shares at an inopportune time calls you, you are kinda likely to get a call back, wouldn't ya think? Also, the second time he went out there to Grimes, he was intercepted as he disembarked from his car and forced to sign a non-disclosure. Presumptively, the agreement is still binding so they also have any info they gave him in his most recent telphone call covered by its terms. So, all that explains, to me at least, why he got through and they did not hesitate to be forthcoming. IMHO, of course.

Imperial Whazoo

I figure that today is the last day for you to be a shareholder of record & get the divy. Tomorrow, then, there is no net, as it were, to prevent sellers. So, I figure 4:05 PM today or in th AM tomorrow

futrcash

I was hoping you hadn't sold your private placements.

Merry Christmas

Imperial Whazoo

Am I reading this right? From your article...."Moreover, under the 2004 rules, the taxes and penalties come due in the year an executive is first allowed to exercise the options -- in other words, when the options vest -- even if he or she exercises them later. Tax experts say taxes are still due if the option subsequently loses value before exercise or even goes unexercised. In addition, more taxes are due if the underlying shares continue to gain value before the options are exercised. (On the flip side, options that expire while under water can't be used to offset other taxable income, tax experts say.) The IRS also charges penalty interest -- currently about 9 percent -- for late payment."

So, my speculation that one reason for going ahead & exercising them is to avoid having to pay taxes out of pocket on them while they are yet options and, in so doing (from the other article, which explained the tax deferment until they trade the shares), defer taxes for 2 years... well, it appears to be right & thus, don't we have at least one valid explanation for why the execs exercised their shares at this time?

And everybody quit hyperventelating.. I fully realize the float is safe.. What I'm trying to drive home emphatically is that not only is there no dilution resulting at this time, but the valid tax reason should calm any "hazy" fears folks might have because, with taxes being the issue, its clear that nothing untoward or shady is happening. Its just a bunch of execs making intelligent tax decisions and its a wash from our shareholder point of view. So sit down and don't anybody go to wringing their hands here... I'm not suggesting there is dilution... I'm explaining the events logically... or attempting to do so anyway.

Merry Christmas everybody

I have to go get a haircut with my son so we don't look like shaggy dogs at all the upcoming Christmas events.

Imperial Whazoo