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A little bad news out this morning. Should not be a big deal in the long run as we have 2 wells nearing completion. Will be interesting how the SP reacts today.
Right on Nellie. We are in the dark. Dragon, I like your optimism, but now we are at .80 from .40 from where we sit today at just over .01! Tom, lets hear how you have Dargon convinced we hit .80.
Thanks!
This is going real well. What had the promise of a great week has turned to mud. I guess we are on a roller coaster and heading down. When/if will this get back to .20?????
We'll see.
I like your optimistic outlook Dragon. I hope your predictions prove out.
Understood Top. My frustration came out in some of my posts. I have watched my investment do nothing but deteriorate, so please have some understanding of where I come from. I wish we had more PR's from Tom. Good or bad it would be nice to know where things stand. In Geo's absence and posts, there is too much speculation. Tom would do us all some good by communicating more. I am long and stated that all along. I wish the best for EDEX and all us shareholders.
This is somewhat off topic, but I'm going there anyway. Victory Energy is a stock mentioned a lot in the past and is tied in with EDEX on the Mesa project. They are bringing wells online fast and furiously and the SP goes nowhere! EDEX can't find the money to even attempt a project completion, therefore the reality is it will be a long and uncertain road ahead unless they hit the motherload by summer. I know these are 2 different plays, but one is clearly having success and the SP barely changes. I want nothing short of success, but reality is we are hangin by a thread and a lot of former (maybe current) shareholders/posters on this board have bailed. We need a miracle.
Agreed. If 2008 does not improve it looks like I'll have a good write off on the taxes. I'm somewhat surprised that it hangs around .01 and does not drop more!
The lack of movement in the SP is very concerning.
What make this company a scam? Facts would be appreciated. They are obviously successful at bringing producing wells online. What is the problem?
My thoughts exactly. I'm tired of being in the dark.
As expected. These guys are right on the money. No smoke here, just solid news and they are delivering the goods. This SP has to make a move upwards.
Another good PR Monday/Tuesday keeps it rolling.
Agreed. I am very concerned as well. We have a string of revenue producing wells coming on line and we are sliding backwards. Anyone watching this have any educated guesses as to what is happening??
It's cloudy and deriizling today, therefore we can't drill.
Selling with the success and momentum is baffling. I expected a steady accumulation with probable good news coming. Patience is a virtue. More will wake up to the fact this is a winner and that is not pump. The proof is in the results.
Great article on moneycentral.msn this morning by Jon Markman about oil & gas exploration. It is worth the read.
Agreed. No more hype is needed. This company is making real money and that is what will attract the longs and help drive the SP steadily up. The more revenue created the more they can finance future projects.
I surely am used to it. I've followed EDEX for a long time now and have a respectful amount invested that is now worthless. I bought the hype and EDEX did not deliver.
Believe me I hear you Nellie.....I'm so far down at this point it is almost laughable. I'm just grabbing at straws here.
If .42 then, why not now? Future is brighter than ever. We will be there sooner than later. I hope we are back at that level by summer.
I may be missing something here, but I'm not seeing a PR on the tenth well. I look at MSN a lot and there is no PR noted. I hope this good news is getting out??
That issue should be off the table here real soon as spring/summer is approaching. No more excuses after that.
Financing is falling into place and some of it has already been secured and there is more to come. This will eanble progress on the existing wells. The second quarter may produce some good news.
Setting up to be a big month! They are punching 'em in fast!!
I understand financing is coming to fruition and we should start to see forward progress on some of the projects. Our second quarter should bring more news and movement.
You would think it could only go up from here in 2008 or the doors get closed on EDEX. I know a lot is slated for this year, but we are already through the first quarter with no new news. I'm afraid this is just more of the same. I'm still holding every share, therefore I'm either a fool or a prophet. Time will tell.
Dragon,
Any thoughts on when some news might hit?
It looks like the market is starting to understand there is a lot of potential in this stock as revenue will continue to build.
Lets weed out the shorts and firm this thing up for a steady run up. We should have another PR around the 16th, hopefully with more good news!!
PR just hit. Back up the truck and load up now while you can. Good news keeps coming!! I expect a big month.
I'll take a look at it. Is there anything to VYEY? Seems to be moving in the right direction??
Thanks for the response. I have read this forum for a long time and your take is right on. The bubble burst after Mesa. I think Tom leveraged most of it to prove the hole and things just did not pan out. Now we are robbing Peter to pay Paul. A miracle is needed. Heck, we beat the Russians (Hockey) in the 1980 Olympics. You never know, but reality is sobering.
Boy of boy I have a long way to go to get the SP back to my average. By the looks and sounds of it I might as well have thrown it down a dry well before it was capped. Heck, Nellie barely posts anymore. At least Dragon has faith that it will hit .40, but I'm sure not counting on it. Another wildcatter (nameless) is producing revenue and their SP is doing nothing. Are the oil/gas pennies just pumpers and dumpers? If so, I have lerned my lesson!
Boy of boy I have a long way to go to get the SP back to my average. By the looks and sounds of it I might as well have thrown it down a dry well before it was capped. Heck, Nellie barely posts anymore. At least Dragon has faith that it will hit .40, but I'm sure not counting on it. Another wildcatter (nameless) is producing revenue and their SP is doing nother. Are the oil/gas pennies just pumpers and dumpers? If so, I have lerned my lesson!
Since I am new to VYEY I thought someone could share their knowledge. Looking a the charts this stock used to be worth quite more than it is today. What drove the high PPS at that time? What has changed so much that it is now a penny stock? I believe it is a good bargain, but is it far fetched to ever believe it will get over $1? I know it is a risky penny stock, but good projects/revenue are in the making.
Nothing but good news and here we sit. It is perplexing to say the least. I must say I like the amount of communication (PR's). It gives you a certain comfort level to know we shareholders are in the loop. I'm surprised more are not jumping on this stock at these prices.
Maybe bad news will send it up. This is unreal!
Oh where oh where has GEO gone?? I guess he is too busy to add any insight to his efforts on behalf of EDEX. What is the fundemental problem here? Is it lack of funds to get these projects moving, dilution, weather, delays, or all of the above. Oil and Gas are at all time highs and here we sit. I'm sure we all have a long way to go before we are out of the red. Lets go Tom and reward us who have been long!
I have to say I'm surprised at the lack of movement on this news. Any thoughts?
I am a new investor in VYEY and like what I'm seeing. I have been in EDEX for a long time and watched VYEY from the sidelines. It appears as though the future is bright as these projects are producing. I believe my investment was a wise one! In looking at the latest PR's it looks like this will be a busy year. Lets hope for the best!!