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I suspect they are. I'll be worried if this closes below .0045 tomorrow. That won't be good, IMO. We really need something from the company at this point. Longs are getting bored and selling and no new money is giving this the time of day.
Not sure when but it will happen eventually. First this bottom needs to hold. After todays purchase, I now own about 1/70th of the tradeable float. That brings my next question. Is the company diluting again? I want to say no, especially with the low volume lately, but you never know. I'd like to see a nice move back over .007 and then hold there. GL
I had an order sitting at .005 for 175,000 all day. They filled 65000 in small blocks. Can't be many left down here, but who knows.
Yea, its been a long half year for me. A lot longer for some of you. I'm not really worried about how long it takes as long as it happens. I was curious thats all.
Sweet! Anyone have any idea how long it takes to move off the grays? I really have no idea on a timeframe. File paperwork, get approved, uplist. Sounds quick and easy to me. I'm sure I'm missing something but who knows. I'll say in a couple weeks hopefully.
That was me adding a few 75's. Let her roll.
MGLG doesn't show up on stockfetcher scans. They say the symbol doesn't exist. Not sure why, but kinda funny. Have to email them and let them know. A little more exposure is always helpful.
This needs news badly. Or something to spark some interest from those just sitting out. C'mon Bill.
It doesn't really matter what the A/S is, IMO. 100M or 600M as long as they aren't diluting. Which, doesn't sound like they are yet from peoples conversations with Karen. Just watch the O/S to see if it changes from 60M.
I agree if the float here really is only 9M, which I find hard to believe ,but this will be a rocket ship when/if we get news.
Well, tough to say. I would guess that its for the company listed on the 8-k to become a publicly traded company. But then again why wouldn't they buy the shell themselves? Are KY-TENN working with us? We'll see, though I hope it has something to do with MGLG.
Here is the website for KY-Tenn Oil and gas.
http://www.kytennoil.com/
Ky-Tenn Oil, Inc. is a privately owned oil and gas exploration and production company that owns more than 40,000 acres of leases held by production from some 53 oil wells and 92 gas wells. It also owns and operates some 25 miles of gas gathering lines and compressors.
10-4 to that. I don't understand what the problem is. Something wasn't going well between Max and GBR. Max wouldn't have to do shit with CHAG and then he could eventually cash in his shares and buy his own island. I say take the deal.
I like the plan but as someone said sounds like Max didn't like something about it. Probably giving up total control of the company is what he didn't want, but it would work here IMO. Have to see what happens, but I don't think NCE would start dumping its shares into the market if this were to take place. This would be more of an investment for them.
Check out Gull Island Alaska. And they say we don't have any oil!
Yup, that is what I'm hoping for also. Maybe we kept our best producing wells and also some hidden gems that haven't been brought online. Time will tell, I guess we let the 8-k tell us the details.
Hopefully they have more than enough operating capital now. Though I'm disappointed they sold off most of the wells, we still keep our shares. Could be worse. A bonus is they still have all the equipment, buildings, and a few wells to work on.
Same as the last Q, but doesn't hurt to get people looking this way again.
PERIOD ENDING 30-Sep-07 30-Jun-07 31-Mar-07 31-Dec-06
Total Revenue 33,435 24,202 14,691 24,418
Cost of Revenue 29,805 20,399 12,083 21,385
Gross Profit 3,630 3,803 2,608 3,033
Operating Expenses
Research Development - - - -
Selling General and Administrative 1,435 3,293 2,169 1,944
Non Recurring - - - -
Others 174 147 25 748
Total Operating Expenses - - - -
Operating Income or Loss 2,021 363 414 342
Income from Continuing Operations
Total Other Income/Expenses Net 262 1 (56) (101)
Earnings Before Interest And Taxes 2,284 363 358 241
Interest Expense 440 322 60 550
Income Before Tax 1,843 41 298 (310)
Income Tax Expense (666) (310) (224) (157)
Minority Interest - - - -
Net Income From Continuing Ops 2,510 351 522 (153)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income 2,510 351 522 (153)
Preferred Stock And Other Adjustments (69) (65) (62) (59)
Net Income Applicable To Common Shares $2,441 $286 $460 ($212
Got in on Friday. Don't think it will dip anymore. Hopefully it will be a repeat of the last run from a big dip. Hurricane play also. GL
LOL, Moving nice on update.
Everybody abondon ship. Nice day here. Gotta love that volume.
Got out at 4.89. It was worth a try. She is all yours sawtooth.
SB-2 Filed. Looks like they are going to dilute it some more. Held up quite well today considering. Almost sold into open, but still thinking it may creep back up. Don't worry sawtooth, I'll be able to get out if it takes a dump. ALways protecting the capital.
Joined the party at 1.65. It is looking like the sellers are done with that nice dragonfly doji. Filled in the one concerning gap - don't see it going back down to fill the others. Would be nice to see it break the downtrend line but I think that is coming shortly. How long till they get the patent ok in the states? That will bring some serious momo. IMO
I'm in at 5.09. Held above 5 bucks nicely. I'll get out if it goes under 5 - but I don't see that happening anytime soon. I love the blog with the guy bashing the heck out of this. Then at the end it says: This author has a short position in this security. Gotta love em. Go URME!