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DZ Energy Holds 30 Million shares NOT 1.2 Billion.
According to the Nov 29 Quartley DZ Energy Recieved 30 Million in shares not the previously reported 1.2 Billion because the deal never went thru.....
See note #3 on the last page of the report to verify for yourself...
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40052
New BYSD Filling Yesterday means news will drop any time now.
The Company's status has been changed to active and Robert Stephens and Louis Porter as well as the rest of the Porter Directors have been added to the Bayside....
On the Down Side Gordon Johnson is still listed as Director however that can change once the Merger is announced.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=G9FjBTO2qvNXFPbT2jyS4w%253d%253d&nt7=0
Hey Petro, I was refering to things in the long past. All the info is in the filings but the short of it is the company was constantly approving shares for aquisitions that wern't followed thru on.
Here's some good news tho....DZ Energy appears to have only recieved 30 Million in shares...Here's an excerpt from the Nov. 2010 filing that updates the DZ Deal from the July filing with 1.2Billion in shares....
Goodwill
The Company issued 30,000,000 shares of common stock for the purchase of the assets of DZ Energy LLC.
These shares were valued at market at $.02 cents per share resulting in a value of $600,000 which was
assigned to goodwill. The Company then impaired this acquisition in full as the value of the oil leases
purchased going forward could not be measured precisely.
Hope some of this help.
As far as I know Gordon Johnson is not connected with the company going forward.
I agree with you btw that Johnson is at fault for the distruction in share holder value here. He drove this thing in to the ground. And yes, you have been here the longest as far as I know. I didn't come on board until after the drop off.
Good luck to ya...IMO were are looking good once the news hits here.
The old Management were vacated between October 2010 and Feb 2011
And it was an A/S of 3.4 Billion but who's counting.
The old management ran this thing in to the ground and we are finally looking up here.
Can you even name anyone who was on the board at the time this thing dropped off the map???
BTw I have been in and out of this stock since the last June.
I can't stress enough how the Stock dropped from .05 cents to .001 in June 2010, 30 days after issuance so it's very likely that most of those shares have been sold already.
The PPS MUST be .0089 before ANY sale of shares may take place so ya this is GREAT news!!!!!!!!!!
Wrong, they had a sale order in Feb for 930,000 shares for 139.5k set to go off on 4/30 which equaled 15 cents per share.
The filing takes only a few days before they have eledigability to sell shares.
No B, just a dollar amount that transales in to .0089 per share.
June of last year is when the PPS went from .05 to .oo1
No, things are conditional. If the sale doesn't meet the conditions stipulated then it's withdrawn.
DZ had a sale set up before with a date of 4/30 so this is really great news.
They set the sale in anticipation of news. Just be aware of the price...
It's possible that these shares are not sold on the open market but part of a pay-off in a merger deal.
Here's some info in a link here...
http://wiki.answers.com/Q/What_does_a_planned_sale_mean_for_an_insider_transaction_with_a_company_and_why_would_that_be_different_from_a_normal_sale_of_their_stock_thanks
Looks like someone is expecting news here.
It's on Scotts as well
It looks like that's the only way to play this.
I have had the theory that slow selling of shares for aquisitions had been going on for quite some time.
I havn't seen an update on the share structure but there seems to be thresholds to the selling so the damage has been minimal.
In any case the downward pressure seems to be off right now and we might start to see normal trading for a while....Lets hope so.
Those numbers are always tentative and get ammended later. It's just standard.
I think he knew that and sold his position to buy back cheaper all the while ringing the R/S alarm bell to scare people out.
The selling has deffinatly stopped so we are headed up again here IMO.
Officer Listings was the end of April.
Maybe YOU actually should read the filings.
Just a heads up for those on the ask right now.
Vert has moved up to 2 cents. This probably a precurser to news.
I don't know this for sure but I hate seeing people lose money and if your selling at 29 or 30 your losing right now.
Good luck everyone!
Here's the link..
They said they hoped by the end of March
http://baysidecorp.com/
Haha...Ok I think I will shut up now :)
Don't get me wrong it's great news...I just don't want false pumping to cause another dump here if they dan't announce something in 5 days is all.
Here's some info on TRDY's aquisition here.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=42371106
They said they hoped to have it done by the end of March...Not that it will be done.
"The Company is required to provide a ten day public notice announcing details of a reverse merger valuation of it’s stock, which the Company hopes to accomplish before the end of March 2011."
Why only 5 buisness days to report?
You guys know this stock and will be great!
Thank You!
Congrats to Boomer and Ray...Our new Board Mod and Assistant!
Youe right Goforit..
This trades so thin and people will be very sorry they sold.
Don't sweat thr drop guys it will ride back up.
We were just wayyy oversold here.
What technicals would those be?????
Great Job Sam! We can still follow the state filings at least.
Cosmic American is set to file it's board by 3/31. They can always file easily for an extention but were looking good.
Hey Sam... I am in the car on the lap top right now. Trapper Jim posted all his findings on Friday if you want to look thru his past posts....I would start from the end forward to get your answer fast. He's kind of long winded....Hehe
When I get home in a few hours I will look thru my old notes on filings to try to clear up this share structure garbage.
I have been in and out of this stock since the drop off a year or so ago, so I will see what I can do.
Hope you get the Mod spot here!
This stock was around a dollar a year ago.
It tanked when the board authorised 5 Billion shares for a large merger that NEVER happened.
The shares were never filed for but it was too late and the stock was burned to the ground.
Just info for those who don't know.
Basically we shouldn't be here at these levels in the 1st place.
This trades very thinly so the OS is what it is probably because of all the mergers.
Only explaination here.
So the CEO sold low grade crude as high grade crude 35 YEARS AGO@!
So what!!! What a joke!!! That was 35 years ago!!!!!
For that he was hit with multi charges and lost ALL his stocks and options and was barred from the oil industry for a few years and sentenced to 5 yrs.
That stuff goes on all the time these days all it does is warrent a few fines.
IMO we have a ticking time bomb here handed to us by an oil and mineral Veteran forced to market thru penny stocks. The once pumpers, now bashers know it and will go long again.
I am long and looking to add when funds clear here.
GLTA!!!!
The RM is real and I Trapper Jim uncovered what is probably the 3rd company in the merger.
I do think we will fly again here because of the clear underneath buying.
IMO this was a deliberate dump thru support levels to induce exactly what we got today and they have already started to re-load.
We are going to get a round 2 here it's just a matter of when.
I'm with you Go.
IMO this smash down was intentional and we are going back up.
Too much going on here. The only problem is the company doesn't have much of a history of PRs. But in this case I believe there will be a few.
They are re-loading right now.
Incredible...
That was 1976! Not now!
The Nevada State Filings are real.