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.
Let me take a stab at answering that:
I figure they made the decision with the arrival of Lancaster to sell assets and refocus and to try to avoid diluting the existing shareholders to do this. I figure they had to sell stuff but they would not have stuff to report they had bought because they also intended to do the entire deal debt free. So, the steps had to be: sell stuff to raise capital, then buy stuff to make the new company. Along the way they had to renegotiate the leases of the properties they were using as land banks. And they had to lease up anew the old expired leases on the P&A wells they were planning to rework. Along the way, they had to get a person (at least one) to become the expert on the 3D seismic they bought. They had to do the same for the CO2 technology they acquired. And they appear to have been faced with a souring relationship with Hydroslotter. If they had sold all this stuff and PRed it, anybody they were negotiating with would have been able to "guestimate" with a pretty good degree of accuracy what the actual size of their warchest was. Furthermore, there might have been all kinds of iHub & RB types daily going ballistic and doing things like reporting them to the SEC, thereby exponentially increasing the problems they already faced.
Balanced against this is the relatively meager price they have had to pay with shareholders due to the prolonged silence. And, with all due respect to everybody out there who is pissed off, I think not having the other side of every deal know the size of your war chest definitely helps each deal get done with a better chance that it won't be astronomically expensive. I mean, showing the other guys your cards is no way to win a hand, be it Gin Rummy, Texas Holdem', or the oil business.
I think they made intelligent decisions and I frankly never doubted them. If the deals don't come together, I'll have been shown to be an absolute sucker. If they do, and I believe they will very soon, I will be a heck of a lot better off financially for having gone thru this process. You want a name for it, try calling it RISK.
Now, that piece of opinion having been put out there, everybody can now commence to attack me. LOL
Good luck to all. I think we're gonna make a pretty good chunk of change in the upcoming days, weeks, and/or months.
Imperial Whazoo
Thanx
Imperial Whazoo
Did you get contact info so I can call him? I've not gotten called back yet here in Dallas. I don't understand why other than that they are after non-US investors with their tranches.
Imperial Whazoo
I was thinking that, if it failed, then the fact KING is pre-positioned adds value to KING. Due to the fact that folks, having had this opportunity to move to newer acerage, will be faced with dealing with those having existing presence. Thats my thought, anyway. So, I'm hoping it fails and the Dems (of course) will jam up any new offshere stuff when they rule the roost. So those with existing presence seem to me to be best off.
Imperial Whazoo
If folks will look at both
of the most recent upsurges, it is clear that there was a new short term low set just prior to the upmove (7/26 & 8/23). So, if it dips here again, don't be fooled!! And be aware that there was more volume that had been present in the recent past in both of these instances. The common denominator was the long downside wicks... rejections that indicated that they failed to cause panic because their attampts to shake out folks did not succeed. The candle, in each case, shows that the attempted lower lows were rejected. So, keep you eyes peeled and don't go for the head fake, IMHO.
Imperial Whazoo
Any thoughts on the impact on KING (if any) if this legislation passes (or if it doesn't.... either way, any thoughts)?
http://news.yahoo.com/s/ap/20061205/ap_on_go_co/congress_rdp
Imperial Whazoo
Thanx man. I have been having
broadband issues all day. Boy do I despise T&%@ W^*!#& Cable!! What a bunch of incompetent.... Take a deep breath.... let it go.... put that anger off like a filthy rag. There... thats better...
On topic, I hope, for tax reasons only, BIGN holds off on major announcements till January 2. I don't mind profits but I'd like a year to play with them, at this point. Of course, would I balk at an upside explosion? Not for an instant!
Imperial Whazoo
Yessirreebob.. Nice eye for hitting the ask, bball & WtexanW. If you have it in 1 minute ticks and candles, it shows up as a series of trades that have nither body nor wick. Thats how it shows up on mine and I had never "figured out" this appearance to the 1 minute ticks and what it depicts until you pointed out the hitting of the ask. I'll be stowing that little tidbit of knowledge away, thank you very much!!
Imperial Whazoo
Nice to see texasboston reappear.
OT:Say, since you graced the board with a find earlier (TIXC), I hope you don't mind my returning the favor. Check this one out. Check the money flow. A real low volume pullback today, too.
IPXL
Imperial Whazoo
Hey frat -
OT: I just looked at TIXC myself. Boy, I think you have a good eye, man. I'n putting it into the spool. The turn was 2 days ago and yesterday was a doji, so, I'm going to watch for a trigger on pullback. A tad low vol sometimes, but this one is being accumulated too, and check out the OBV.
Imperial Whazoo
Good luck to you, man
Imperial Whazoo
Yeah, I know. It needs news to stop from a slow slide.
Imperial Whazoo
Just so you keep it clear,
I'm not saying, per se. I'm theroizing, OK? I am not arguing to get peole to invest or not invest. Mostly, I'm just explaining aloud, as though we were sitting in Starbucks, chatting, and thinking out loud. It could be completely wrong. I just think it makes sense, and I chose to share it, thats all.
Imperial Whazoo
Me too, frat... me too.
Imperial Whazoo
I hope so.
Imperial Whazoo
I sold high end document imaging systems to and non-governmental entities for about 12 years. In my experience, it was always the case that the purchase agreement governing delivery of any deal was essentially a checklist where certain benchmarks have to be met to trigger the next piece of funding. I also expect, again based on experience, that the details of the contract are going to remain unpublished for the moment. You can be certain that there is a checklist of some kind and you can be certain there are benchmarks. My expectation is that, as each benchmark is met, we will get a PR. A benchmark met... a PR issued. And so forth. Certification was certainly a benchmark. So is university research. As to the specifics of the stages and the triggers and the funding, you would need to direct your question to the company. I don't know and I'd be surprised if that info will be available, but you never know.
Imperial Whazoo
Thanx, but rather than restate it, here are 4 posts I've made that delineate my perspective on IHDR. It is not hard to think that fundamentals and engineering and science etcetera etcetera ad nauseum make you money in stocks. I disagree. All I do is trade. It has been my business for almost 3 years now. I can tell you that a brilliant idea and a dime won't even get you a donut. I can not begin to list how many times I lost money before I learned that learning to read the charts is the key. I often don't even know what a company does. I had the following stocks on my list for today. I don't even know what most of them do:
ACLS, ELNK, ERHE, FAX, LF, LGF, MCZ, NPSP, Q, SIFY, SMDI, SNWL, SPZI, STEC. I picked these before market open this morning. Check them out. Believe me or not. The fact is that I use a proprietary set of indicators that I have invented that help me find trades. I cull the results looking at many more than I accept and I construct a tradelist for each day. I make my selections using charts.
So, as regards how I can convince you, I probably can't. Regarding IHDR, I believe that the most important press release is the one found at this link: http://biz.yahoo.com/pz/060627/101329.html. The next most important PR is this one: http://biz.yahoo.com/pz/061128/109413.html. A third is also quite important: http://biz.yahoo.com/pz/061012/106705.html. Apart from these three, the PRs are interesting, but these three hold the key to figuring out why the chart is poised to explode while the science is assailable. If you will take a few moments to read my posts represented by the links that follow, you will see my "thinking", such as it is. It is counterintuitive, but what it is, in essence, is a theory that I am satisfied explains the divergence between the questionable science and the story of the accumulation of this stock as depicted by its chart. Again, the 800 pound gorilla is the 40 million dollar award from the EU. As I see it, now that the unit has been certified and the Chinese have expressed interest, the EU will be hard pressed to come up with an excuse to not go forward. If delivery triggers access to the funding, then the product will have a firm market in both the EU and in China. If it is a fraud, we will know soon. The chart is telling us that there has been accumulation going on for quite some time. I choose to believe the charts, but I readily admit I could loose money. After all, it is called risk. So, take a few moments to see if you see anything other than things you can not agree with in my posts. I have made up my mind and I have taken my time to explain my reasons to others via my posts. My reason for posting at all was that I had a bunch of ideas that nobody else appeared to be thinking about; ideas that I think are persuasive. I think politics and the economics of government funded initiatives outweigh science in this case. Its as simple as that, and, as I look at the whole picture from that perspective, (once I realized that the driving force behind this stock is the government funding of a political initiative), the divergence between the shaky science and the message of the charts comes into easy focus. It is no longer inexplicable; it makes sense.
http://www.investorshub.com/boards/read_msg.asp?message_id=15237580
http://www.investorshub.com/boards/read_msg.asp?message_id=15183181
http://www.investorshub.com/boards/read_msg.asp?message_id=15152900
http://www.investorshub.com/boards/read_msg.asp?message_id=15127285
Thank you for your time
Imperial Whazoo
I do believe I'm getting my thought understood. Halleluhia!! Don't let these bashers trick us into taking our eye off the ball. the If you think I would have ever thought twice about getting into this little stock apart from the EU award money, you had better think twice. The idea is solid, as far as I'm concerned, for reasons other than those of which all those arguments consist... namely: the illogical logic of politics driven projects. For all we know, the real reason why those folks in the governments over there who awarded this to IHDR may have done this is shear guille... thinking like politicians "Hmmm, I hate the deal but the public wants me to appear to do something so, what I think I'll do is vote for the concensus choice because it is likely to fail. that way, I can both accomplish my real goal of not accomplishing this thing while appearing to do so." I mean, I would be seriously surprised if some of that kind of compromise thinking didn't go into this award. The surprise, HaHaHaHaHaHaHaHa, is that the technology works, has been built, is about to be delivered, has interest from major far Eastern entities, and has passed the first hurdle of getting certified by a fully licensed engineering firm. Thats politics for you!
Imperial Whazoo
Imperial Whazoo
I don't know. I used to always take delivery on warrants just 'cause. I got to where I liked looking at the engraving work. Most of the time, they ended up suitable for being framed as aan eyecatcher for my office wall anyway. :))
Imperial Whazoo
I hesitate to take delivery when I don't have a target date.
Imperial Whazoo
Thanx eatnenasdaq.
I'll call them again today and/or tomorrow and throughout the week & keep the board posted. I may even go down there. They have a really nice mens store down there and its Christmas and....
Imperial Whazoo
September of 07?!?! Are they nuts? That can't be true.... at least I hope not.
Imperial Whazoo
Start with this link.
http://biz.yahoo.com/pz/060627/101329.html
It provides funding. I personally call it something other than a contract because that seems imprecise. It seems to be a gateway to funding. The certain thing is that the funding pays for revitalization of a dead industrial factory as a beginning point. thats where the EU partner comes in. The EU is priming the economic pump much as Roosevelt did in the depression in the US via programs such as Rural Electrification. IHDR is building with that as its target. As such, all this arguing about engineering and efficiencies are side issues. The competition to be recipient of this award has already been conducted and IHDR won, logiclly or illogically, and the next steps are simply items on the check list that are necessary for the funding to go forward for the revitalization of the dead manufacturing area the EU is rebuilding with this project as one of its component parts. This is green politics in Europe financed by EU money that kills two birds with one stone: a high tech green solution and a revitalized formerly dead economic zone in Italy. It has little to nothing to do on a pragmatic level with anything involved in all these arguing posts. Its political. Its government programs. Its greeny weeny. And IHDR is the beneficiary. All these folks who keep making all these elegant arguments are simply accomplishing getting folks to take their eye off the ball.
Thanx etcetera
Imperial Whazoo
Well, for one thing, if they had done so, I doubt the Chinese would be approaching interested. Had the unit been out there as suggested, neither the 40 mill nor the Chinese option would have materialized, IMHO. You need be adept at playing your cards. Keep your cards close to your vest until you are ready to play them. If you blow your secret and let the cat out of the bag for a measly few thousand dollar, permitting reverse engineering during the very time the slow gears of government process grind forward, you loose. And for what? A site? A few measly dollars? A stolen reverse engineered technology? Idiocy & foolishness. Short sightedness in spades. 40 million in shortsightedness. They don't need a proof of concept. It is self evident that those awarding the project in the EU did not need it, and they were the money people in this process. Whether they made a wise award is mute. It may have been that the award was intended tio fail. It may have been politics playing out its own agenda, expecting failure. As of this moment, it is irrelevent. IHDR won a "technology shootout" versus other concepts, ideas, and technologies to obtain the EU commitment to the 40 mill. This is a government contract. The government moneybags opened up and the funding to proceed was there. This is a parade on a different boulevard than would be taking place if the unit had to compete in the private sector. The EU awarded this to IHDR who competed without a unit to physically show with other companies who could have won the award but didn't. All this nonsense about placing units as proof of concept ignores the dynamic that is driving the progression of events: a government contract is in the drivers seat. In a controlled economic environment, it is irrelevent whether the best idea wins. It is political and as such it is illogical if analyzed as though it were governed by the economics of private enterprise. Its like an on off switch. Once the award has flipped the switch, it ceases to be relevant whether the free-enterprise arguments are logical.
Lets suppose, for example, that you are on the Pacific side of the Panama Canal. Lets also suppose that you have a spy hidden onboard and you are afraid of being found out when you pass thru the canal. Lets now suppose you are thru the canal and in the Gulf of Mexico now, and the spy was not discovered. Why waste even one brain cell arguing with your crew and/or the captain about where you ought to have hidden the spy or whether you should have thrown him off into the Pacific? You have passed thru the canal. The arguments might have had merit, but now they are irrelevent. It simply doesn't matter anymore.
The unit has been built. It has progressed through several of the steps required by the terms of the award. It is now at the step of being shipped to Europe. If it ships and arrives, it will be one step closer to completing the terms of delivery. In that it has been certified, a legitimate barrier to the Chinese has been addressed. The next thing in line is a major university independently testing it. As I pointed out before, there are certainly EU political opponents who are likely to do bad things at various points along the remainder of the way with the intent of undoing the award to an American company. The product is not out of the woods, but the product is manufactured, it has passed certification by a licensed engineering firm, and it is an item that other major buyers have expressed an interest in. On balance, it is looking good for IHDR, and that general view is reflected in the charts. The charts tell us the overall picture and that picture is not a horror story. It may turn into one, but at present it is not, and the trend is not down, but up. The stock has not been being distributed. It has been being accumulated (past pluperfect verb tense, for those who might not be Americans (LOL)).
The boat has passed thru the canal and the spy was not discovered. It is simply irrelevent, regardless of the merits of the argument. And, as the upcoming opportunities for either ambush or victory present themselves, the chart will speak of it in terms that can be understood and relied on to make money in this stock. Thats just the way it is, so I don't see why these arguments about legitimate but irrelevent issues as regards what was the case on the other side of the canal are still being wrangled over. Let them go. They are old news, IMO.
Best regards
Imperial Whazoo
I think I made a booboo...
OT: I thought I'd posted this link, but looking back I must have not gotten it done.
If folks want to use a service that really helps with making money off of shot squeezes, then check this site out. It has a free & a subscription presence:
http://www.buyins.net/
Imperial Whazoo
Absolutely agree... and it will show up in the charts. The charts don't lie. Watch the volume/price relationships for signs of strength, either way... up or down. Trade the chart.
Imperial Whazoo
Sorry BB, but I don't think she is right.
Imperial Whazoo
I know. I could be wrong, but I'm in and I'm staying in until I see the volume/price action that tells me to get out.
Oh, and actually, isn't it 40 million?
Imperial Whazoo
That accumulation line is really strong. t is excellent for you to include it here for everybody to see. Excellent chart & thanx very much.
Imperial Whazoo
nosey & WarEagle & vole & juxtaposezen & I & others
are trying to have a discussion, eatmenasdaq.
The discussion is about this:
(1) Did vole notice something very important in the wording of the WWNB PR? Is the wording an indicator that the BIGN interest has been sold to WWNG, enabling them to truthfully assert in that PR that they own 100% where, before, BIGN, owned 50%?
(2) If it is as vole noticed, is it possible that the way BIGN is financing the upcoming deal is to dispose of properties and sell JVs, thereby raising money in a way that does not dilute?
(3) The PR from BIGN stated that they will emerge with the deal they are doing with zero debt. Is the change in wording in the WWGN PR a clue as to how the BIGN deal, which involves taking over a larger company, will end up being a no debt deal and, if this is such a clue, is it reasonable that, to raise sufficient funds to accomplish this, they may also be selling other interests, such as those from Rubicon and in Grimes?
(4) Would such a game plan be consistent with Lancaster’s stated desire to build a notable company and to get it listed on a major exchange?
This board is a discussion board. You are welcome, eatmenasdaq, to join in this discussion. I enthusiastically want your understanding of subjects like naked shorting to be contributed. Your recent post enlightening us all to a much better understanding of naked shorting and short squeezes was brilliant and helpful and much appreciated. However, your personal profane vulgarity on Raging Bull about some of us here on iHub are beyond the pale. On iHub …. On this or any other board on iHub, you are not entitled to denigrate anybody wishing to participate in discussions in any way, form, fashion, or manner. For example, you are not welcome to intimidate other members by either implying or saying that they are not smart or that they need to start thinking or that they should be quiet and not discuss something…. or any other bullying tactic whose effect is to muzzle other members, using the natural human desire to avoid conflict to force folks out of the discussions they wish to be involved in. I might note, furthermore, that some of us are paying members, and you are not. As such, you certainly have no right to try to bully others into acquiescing to your wishes as regards the manner in which subjects are discussed or as regards discussion content.
You consistently reprimand folks for being negative. You should take your own advice and stop being negative, attacking, insulting, and/or bullying to the other members of this board. You do not have the right to impede the other members of this board as they engage in adult conversations about a legitimate discussion subject such as the one outlined above.
Again, you are more than welcome to join in the discussions, but if you have nothing other than criticisms of the discussion itself and/or of the participants, please exercise your right to refrain from joining in. However, if you will post the kind of extremely helpful post that you just posted about naked short selling, I will be the first in line to promote your doing so.
Please, be considerate of the other folks on this board. We’re trying to have a discussion here.
Thank you and best regards,
Imperial Whazoo
Thanx for the vote of support. I don't want anybody muzzled. I want a confluence of ideas from interested parties from all over.
And let me just ask you: How in heavens name can it be alleged that my speculations as to how the debt free situation was going to come to fruition, be construed as being negative? In my post I even observed that it appears Lancaster has been doing a good job if this is what he's been about. I think, and I think I clearly said so, that Lancaster is doing a good job. I said the stock is under accumulation. I argued against it being perceived as fraudulence. It simply can not honestly be asserted that my comments are negative. PERIOD!!!
So thanx for your kind words and watch the price/volume action for signs of strength. IMHO, we are close.... very, very close.
GLTY, man.
Imperial Whazoo
I did'n say I knew it. I said I thought it made sense. Stop slandering me or I'll have to request you be removed for slander. You've been removed once. If you insist on attacking good hearted folks who are voicing their opinions, you are stirring up trouble and should have your rights revoked once again. So, try to behave and stop these unnecessary and unkind personal attacks.
Thanks
Imperial Whazoo
Whats your breakpoint for it being called a penny stock?
Imperial Whazoo
Whatever.
I think something will have to be be sold to end up with no debt. That or dilution, which doesn't seem to be happening.
I thought vole had sharp eyes to notice whet he did. And if it has been sold, it feeds into an explanation of what is being done to end up with no debt. You able to think of any explanation of how they are going to end up doing this big of a deal and have no debt on their balance sheet? I'm sure everybody is waiting with baited breath for you to spin out a yarn to tell us all how its going to take shape, other than by selling something of value, that is.
Peace, baby. Peace.
Imperial Whazoo
I don't believe the company or not believe the company. I believe the message of the charts.
If the management is blatently crooked, it will show in the charts. Shares are simply paper objects (or, if undelivered, virtual objects) to be valued. They are subject to the laws of supply and demand. Buy the stock at well timed entry points and sell at well timed exit points, using the message of the charts to govern your timing. Learn to read candles & volumes.
As regards the story of the stock, the 40 million dollars is the 800 pound gorilla. Because of that, this chart is strong. Apart from that, it would not even be on my radar. With the Chinese in the picture, the story is strengthened. And this is what is reflected by the strength of the chart. The stock has been in a multimonth accumulation and there is a divergence between the decline in price and the steady upslope of the accumulation/distribution indicator (and the money flow indicator as well). And, the various dojis & hammers & haramis & piercing lines tell a clear story as to where support & resistance are.
Those are my reasons for trading IHDR.
Imperial Whazoo
I'd put a chart up but, as it happens, every service I use is either java or proprietary (non-browser based). And, to get my displays, you'd have to know my p/w and also my resolution is higher than average (1600 etc) and will cut off a BMP if I do a screenshot... and on and on. I guess I need to stop crayoning outside the lines to interface with iHub better:~)
Thanx again.
Imperial whazoo
Yeah, your right, its conjecture
but I was taken by vole's having noted it. Could be wrong about WWNG & BING gong their separate ways, BIGN having sold, but I need some kind of way of explaining the zero debt thing. I mean, apart from thr Federal Reserve, I don't know anyone who can manufacture money out of thin air. If BIGN is to end up debt free, what explanations are there? Dillution, sale of interest portions & sale of propertire... these are the only 3 I can see. Now, the mere fact that I can't see any others doesn't really amount to a hill of beans. I just seized on the idea that WWNG is wholly owned etcetera and felt it made sense because I'm in need of some method to get to "debt free". It just seemed to work.
Very nice to have folkss like you out there lurking.
Have a good one,
imperial Whazoo
I'll go with this explanation. Zim Zam ZOOM!!
Imperial Whazoo
SPZI closed real strong.
Imperial Whazoo
I am only speculating.
The reasons I am doing so are numerous but one thing that puzzled me was the zero debt target for the new BIGN company. If you don't dilute and you don't borrow (ie.. can't be done & have the no debt statement in the BIGN PR), then you have to sell something. The company is in Tyler Texas. Tyche is in Dallas. Stonebridge is in Houston. If wave is right (this link: http://www.investorshub.com/boards/read_msg.asp?message_id=15173435), then Royal is now in Wichita Falls Texas. Looks like they may be settling into this part of the country... perhaps?
Like I said earlier, its like playing Gin. You start out picking up cards to flesh out possibilities but as the hand begins to take shape, you discard the partial runs & straits that aren't likely. I believe we are seeing just that: the thoughtful and purposeful and businesslike disgorgement of excess "cards" to construct a company that actually seems to be coming together as a legitimate candidate for being listed on either the AMEX or the OTC NASDAQ, which is one of their stated goals.
Also, the date on the WW PR where they got the drilling rig was Nov 9 (I think so, I've got to go get a haircut so I'm in a hurry). The date on the BIGN PR was Nov 17 (ditto). It is not unreasonable, from my point of view, for the sale of the WW ownership to have been so recent that it is going to be covered when the promised BIGN PR finalizing all kinds of things comes out (real soon, I believe). And also, lets suppose they are closing sales in Grimes and in Lake Erie (the Rubicon stuff, both speculation from me, I'll readily admit). If they all are coinciding pretty much but not exactly, it may be that there is a PR covering all of it coming, even before the big one everyone is expecting. Rather than one to cover WW (say yesterday), another next week (Rubicon & Grimes maybe) and so on, it is not necessary to suspect anything and to once again go after management as though they are just a bunch of scoundrels. Frankly, to sell off stuff to end up debt free makes sense to me and I'm not as worried as a lot of folks are. Maybe I should be but I'm not. I see all this as evidence of sound oil & gas decision making and I will need evidence to the contrary to go into worrying mode.
Thats my view, anyway, but its fully speculative, I'll grant you that, but if the WW PR is as it appears, the BIGN interest has been very recently sold. Maybe buying in anticipation of a blockbuster PR is worth the risk. You'll have to decide that for yourself.
GLTY
Imperial Whazoo