Anyone else here ready for market to reopen?


Totally zombie,.....monday was quietly brutal,....world affairs and all!




Karmasaur

reiterating ADNY,....momentum and oil play,......good for a triple I think, and maybe much,much,much more!

I appreciate your input,....good luck

no trading today

thanks composed,....the whole thing is pretty fascinating when ya start to get ur head about it, ya know

It does seem like it would all flow a bit better like that,.....and that was my understanding as well. I appreciate your insight.

Newbie here,...simple question,...TIA



If I buy a contract on C,......and it hits the money and more,....will I need the funds in my account to pay for the 100 shares that I wish to buy and then sell, or do i just get the profit while only needing the money I paid for the contract.

I know, right.

I just wondered if I needed the 7 grand to buy the shares so I could sell them a minute later for 8 grand,.....or if I merely dealt with the contract cost and profit (or loss of contract investment) and the actual buying of the shares and subsequent selling of the shares was done without the need for my 7 grand.

But thanks anyway,.....

indeed bliz and thank you

Anyone have any guesses on what these 11 wells can pull up in a day. 200 barrels a day between them all would do it I think,....for now anyway. 73,000 barrels a year seems like a lot though.

Hey Wadi, long time no see and stuff,.....got one for ya, like to here your input,........ADNY $.04,.....if ya get time let me know what your gut says.

Hey buddy,....another inquiry if I may. I could go elsewhere but you seem willing enough to enlighten when you can.


I've been looking into sum light option trading,.....calls for now only. I've found one I like and would like to get into it.



Q1 lets say I buy 10/100 share contracts of C for .05 a share with a strike price of $7 per share strikeing on apr 11. current price being $4.91. then lets say it goes to $8 a share tomorrow,....i choose to exercise and make $1000 - contract cost - fees. My question is "Will I need enough funds in the account to cover the cost of 1000 C at $7 per share ($7000) or will I merely need funds to cover the cost of the contract at $.05 X 1000, or $50.

Maybe you can help, ok if not


Thanks throw


Karmasaur

Landshark, I do not believe that IFL actually owns the fuel terminal as is stated in the Ibox. My understanding from reading the 10q is that another company currently owns the terminal,....in turn IFL rents the terminal and leases it out to distibutors,.........although as of the 10q one major customer accounted for the terminal's entire capacity.


NOTE 4-LEASE COMMITMENTS

On April 1, 2007, IFL agreed to lease a fuel storage terminal from 17617 Aldine Westfield Road, LLC for 18 months at $15,000 per month . The lease contained an option to purchase the terminal for $3.55 million by September 30, 2008. The Company evaluated this lease and determined that it qualified as a capital lease for accounting purposes. The terminal was capitalized at $3,179,572, calculated using the present value of monthly rent at $15,000 for the months April 2007 – September 2008 and the final purchase price of $3.55 million discounted at IFL’s incremental borrowing rate of 12.75%. The terminal was depreciated over its useful life of 15 years resulting in monthly depreciation expense of $17,664. As of December 31, 2007, the carrying value of the capital lease liability was $3,355,984.


Due to the difficult credit markets, the Company was unable to secure financing for the Houston terminal facility and assigned its rights under the terminal purchase option to Lone Star Fuel Storage and Transfer, LLC (“Lone Star”). Lone Star purchased the terminal from 17617 Aldine Westfield Road, LLC on September 30, 2008. Lone Star then entered into a five year operating lease with option to purchase with IFL. The five year lease has monthly rental payments of $30,000, escalating 3% per year. IFL’s purchase option allows for the terminal to be purchased at any time prior to October 1, 2009 for $7,775,552. The sale price escalates $1,000,000 per year after this date, through the lease expiration date of September 30, 2013. The Company recognizes the escalating lease payments on a straight line basis. As of September 30, 2010, the Company has not exercised its option to purchase the Houston terminal facility.

The Lone Star lease was evaluated and was deemed to be an operating lease.


The transactions that led to the above two leases both resulted in gains to the Company. The lawsuit settlement just prior to the lease with 17617 Aldine Westfield Road, LLC resulted in a gain to the Company of $1,480,383. The Company amortized this amount over the life of the capital asset, or 15 years.


At the expiration of the capital lease, September 30, 2008, the above remaining gain of $1,332,345 was rolled into the gain on the sale assignment transaction with Lone Star of $624,047. The total remaining gain to be amortized as of September 30, 2008 of $1,956,392 is being amortized over the life of the Lone Star operating lease, or 60 months. The operating lease expires as of September 30, 2013. This treatment is consistent with sale leaseback gain recognition rules.

link listing oilfields in coleman county texas



http://www.topozone.com/states/Texas.asp?county=Coleman&feature=Oilfield

courtesy wikipedia,....for reference

http://en.wikipedia.org/wiki/West_Texas_Intermediate

http://en.wikipedia.org/wiki/File:Map_of_Texas_highlighting_Coleman_County.svg

West Texas Intermediate (WTI), also known as Texas light sweet or Light Sweet Crude Oil, is a type of crude oil used as a benchmark in oil pricing and is the underlying commodity of New York Mercantile Exchange's oil futures contracts.

The price of WTI is often referenced in North American news reports on oil prices, alongside the price of North Sea Brent crude. Other important oil markers include the Dubai Crude and the OPEC Reference Basket.

WTI is a light crude, lighter than Brent crude. It contains about 0.24% sulfur and is rated as a sweet crude, again sweeter than Brent. WTI is refined mostly in the Midwest and Gulf Coast regions in the U.S., since it is high quality fuel and is produced within the country.

WTI has an API gravity of around 39.6, specific gravity of about 0.827.

Historical price data for WTI can be found at a website by the Energy Information Administration of the Department of Energy. It is listed as WTI, Cushing, Oklahoma. [1]

Historically, it has traded closely to Brent and the OPEC basket.

Anomaly in 2007WTI usually commands a higher price than Brent crude does, but on May 24, 2007, WTI was priced at $63.58 per barrel as against $71.39 per barrel for Brent (Bloomberg). The anomaly occurred perhaps because of a temporary shortage of refining capacity. On April 13, WTI Crude at Cushing may have temporarily lost its status as a barometer of world oil prices[1]. A large stockpile of oil at the Cushing, Oklahoma storage and pricing facility (mainly due to a refinery shutdown[2]) caused price to be artificially depressed at the Cushing pricing point. As stockpiles decreased, the WTI price increased to exceed the price of Brent once again. [3]

Anomaly in 2011In Feb. 2011, WTI was trading around $85/barrel while Brent was at $103/barrel. The reason that most cite for this anomaly is that Cushing has reached capacity, depressing the oil market in North America which is centered on the WTI price. However, Brent is moving up in reaction to civil unrest in Egypt and across the Middle East. Since stockpiles at Cushing cannot be easily transported to the Gulf Coast for export, WTI crude is unable to be arbitraged in bringing the two back into parity. This large spread is likely to continue until unrest across the Middle East subsides or fleets of trucks start hauling oil from Cushing, OK to Port Arthur, TX.

well now that I am in I'd like to see oil go to about $200 a barrel, ya know what I mean.


Any word on how much oil we are bringing up per day?

yeah chris, I got into this and MFI like three weeks ago, and both of em have been climbing ladders every day almost. Lotta fun.

I bought in on a whim with little capital a while back,.....wish I'da bet the farm now.

can't believe there iis no board for this stock yet.

this ticker could use some BUZZ,....it's buzzworthy I think,....more than most other 4 penny lottos.

just bought in, howdy!

Good to hear from you as well,....I am actually mostly in UVE, MFI, and DENN right now,....but this one jumped out at me.


I hadn't noticed they were late on the last 10Q,....thanks,.....thats why I like to keep you around:)


In other news,....I'm feelin lucky, still very cool,....and very happy you are above the grassline.


peace

heard of ADNY lone,.?.....looks like it might have potential

ADNY up again, 25%,...goin north fast

ARSC bout to move maybe, big volume today,......still no bid though

thanks toohip, had this before but lost the link......awesome,.........you suppose this may be frank buying today?

level II anyone?

Karmasaur says:




ADNY could make a huge push very soon,.....up 15% today on 30,000 volume.

ADNY has revenue for growth in an industry about to blow up again,......

$.046--ADNY-- great play with oil going up,......revenue and infrastructure in place.

--ADNY-- $.046--Up 15% on 1 1/2 volume by 10 am! Take a seriously look

ADNY

$.04--ADNY--$.04,...doubled on 1.5 mil volume in sept.,......real revenues financing real growth.

A penny stock gold mine in the making!



ADNY

--ADNY-- Doubled on 1.5 million volume in sept. 2010,......a two cent stock doubling on 1.5 mil volume. WOW!!!!!!!!!!!!!!!1


Actual revenues!!!!!!!!!!!!!


Oil and gas could be about to go nuts!




Seems to go up,.....and hold it's ground!!!!!!!!!!!!1

ADNY lookin strong with actual revenue and an industry gaining speed and momentum!!!!!!!!!!11

fourkids, longtime no-see, how are you?


While I got ya on the line,...what does the SS look like here?

what does the SS look like on this one?


karmasaur

--The news ARSC needs--


Arsc's own auditor claimed that the ARSC business model was highly unlikely to succeed. This being likely as a result of no income and a share price far too cellar to fund much of anything. Massive dilution (the kind we've seen in the last year) is the only way, outside of toxic financing, to fund production.

Not a good place to be for those of us with skin in the game.


The best we can hope for, IMO, is a major contract through a gov't, or military somewhere. Perhaps a major real estate developer as well.

This makes me want to know; "what exactly sets this technology apart from competitors who may be in better finacial condition"? Why is this better? I have read over the patents,....and, having no degree in engineering, was left confused and confused.......Why is this great? Why hasn't GE stepped up to buy em out? Why didn't GE come up with this first?........Why would the japanese military buy this? or the americans, or chinese or anyone with a lot of money?


The most interesting of the two products to moi is the natural gas/hydrogen converter, not the fuel cell itself. Is this widely utilized technology? is it proprietary? Does the natural gas burn at the same octane, subsequent to the removal of the hydrogen atom/atoms? Is it still useful then?


We need a big buyer and fast.

I haven't recieved anything,....my cost basis was way under .26 though. This is all highly unlikely,......settlement money,.....If I hold my breath, someone inform my next of kin.

mornin' all, whats shakin?

gonna take 2 bil plus in volume to move us off of .0001,...IMO


karmasaur

Ask and ye shall recieve,......been wondering when the spin-off wouls start rollin!



rock on


still long!!!