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hmmm>??? Northern Explorations Ltd. (OTCBB: NXPN) up 35.2% on 4.2 million shares traded.
On Jun 10, 2009 Northern Explorations Ltd. announced that the Company has received a reserve estimate for in-situ gas reserves at the Ozona Gas Project, Crockett County, Texas. The calculation relates to both the initial gas well and all future well locations which comprise a total of 20 well locations on the 9,000 plus acres. Third party reservoir engineers have calculated that a minimum of 10 BCF gas is in place under the leased acreage.
This equates to 0.5 BCF per well location. The first well was drilled, cased, completed and stimulated in the Wolfcamp Canyon Sandstone Formation and upon tie-in to the pipeline infrastructure has been producing gas since May of 2009 at daily rates of 200 MCF per day. The reservoir engineers conclude that each well location should contain a similar reservoir of gas.
As the gas is sold under a purchase agreement with Eagle Rock Energy and is currently priced at a bid-week production price of $4.04 per MCF, the Company is confident that the value of gas in place if entirely commercially viable could exceed $40 million at today's prices.
Norex President Mark Schaftlein states, "This information provides us with real impetus as we proceed in our strategic planning. Our acquisition selection process is currently well underway and this project is considered highly favorable for further exploitation. We are very pleased to find ourselves with such a fine collection of high quality projects at such an early stage. We aim to move quickly yet prudently in order to fully capitalize our position."
About the Ozona Gas Project:
The project encompasses approximately 9,000 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex is currently producing gas at Ozona. Norex has acquired a 63% Working Interest in the project located near Ozona in Crockett County, Texas. Under the terms of the underlying agreement with the vendors, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project.
Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a working interest in natural gas assets located in Texas as well as projects in California and Alberta, Canada. The projects contain documented gas reserves and associated plant, pipeline and infrastructure currently in place.
Northern Explorations Ltd. (OTCBB: NXPN) up 35.2% on 4.2 million shares traded.
On Jun 10, 2009 Northern Explorations Ltd. announced that the Company has received a reserve estimate for in-situ gas reserves at the Ozona Gas Project, Crockett County, Texas. The calculation relates to both the initial gas well and all future well locations which comprise a total of 20 well locations on the 9,000 plus acres. Third party reservoir engineers have calculated that a minimum of 10 BCF gas is in place under the leased acreage.
This equates to 0.5 BCF per well location. The first well was drilled, cased, completed and stimulated in the Wolfcamp Canyon Sandstone Formation and upon tie-in to the pipeline infrastructure has been producing gas since May of 2009 at daily rates of 200 MCF per day. The reservoir engineers conclude that each well location should contain a similar reservoir of gas.
As the gas is sold under a purchase agreement with Eagle Rock Energy and is currently priced at a bid-week production price of $4.04 per MCF, the Company is confident that the value of gas in place if entirely commercially viable could exceed $40 million at today's prices.
Norex President Mark Schaftlein states, "This information provides us with real impetus as we proceed in our strategic planning. Our acquisition selection process is currently well underway and this project is considered highly favorable for further exploitation. We are very pleased to find ourselves with such a fine collection of high quality projects at such an early stage. We aim to move quickly yet prudently in order to fully capitalize our position."
About the Ozona Gas Project:
The project encompasses approximately 9,000 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex is currently producing gas at Ozona. Norex has acquired a 63% Working Interest in the project located near Ozona in Crockett County, Texas. Under the terms of the underlying agreement with the vendors, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project.
Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a working interest in natural gas assets located in Texas as well as projects in California and Alberta, Canada. The projects contain documented gas reserves and associated plant, pipeline and infrastructure currently in place.
Stock-PR Announces Daily Stock Watch - STDF, ADLS, SPNG
MONDAY , JUNE 15, 2009 06:05 AM
whatsoever Stock-PR.com is owned by Crown Equity Holdings who has been paid 100,000 restricted shares by the company for marketing and public relation services. Full disclaimer can be read at http://www.Stock-PR.com.
http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.aa10c5c0b56a488c8f6688966085ecce2661c93a99599c9647d091f389fdb6a0
Posted by: printmail01 Date: Sunday, June 14, 2009 6:29:34 PM
In reply to: xDREWx who wrote msg# 111597 Post # of 114961
CURRENT O/S from most recent filing is over 700 million with the A/S at 2 BILLION shares , so u r calculating market cap based on what ? ur projected share count or the true factual share count? and STILL > $1.5 billion marklet cap on $150 milion in sales? lol..... u dont really believe that , enjoy ur day , Happy Posting , GLTA
Message In Reply To:'xDREWx'
Yes, I do really believe that. It's only 30P/E if there's $150 million in sales.
You don't really believe it will be less than that do you?
LOL, maybe that's what is wrong with you all.
Not correct > PE is price to EARNINGS , Market cap is calculated by totals sales multipled by the total outstanding stock and not just the float.
Using todays closing price and the last SPNG filing
SPNG Current Market cap is $99,000,000.00
That is 2.98x trailing 12months sales - pretty lofty - but fair being last 3 months have been so good
And the Trailing PE price to earnings is CURRENTLY 12.8 X
Again LOFTY for an OTC in this market , but Fair for the last few months of solid growth and sales...
But Please dont tell me you are serious about $5 share or even $1 share as beinf fair market price...
Using the current OS from most recent filing , 722 milion shares , the market cap would be well over 3.5BILLION at $5 share , even if it was $1 share that is $722 milion market cap , say they do sell $150 milion in revenues and 20million profit over next 12 months , give it a 15xPE and or 2x sales , that is only about $300million market cap and about $.42 per share. IMPO that is hugely over the top , I agree SPNG is solid growing company , I would love to sell my shares for $1, but lets be real here guys. IMO the current market cap of $100 milion and PE of about 13 is very high but very fair for a growing company....
CURRENT O/S from most recent filing is over 700 million with the A/S at 2 BILLION shares , so u r calculating market cap based on what ? ur projected share count or the true factual share count? and STILL > $1.5 billion marklet cap on $150 milion in sales? lol..... u dont really believe that , enjoy ur day , Happy Posting , GLTA
i use scott , i just logged in , seems fine?.eom
lol $5 share would be over $3billion dollar market cap, I hope that was (tic) statement? lol.....
was talking about Friday not next week, think how much that short position made , from .25+ to under .08 in one day , on HUGE volumes , look at the volume that covered at the bottom it was large portion of the days volume, do u realize the amount of money those shorts made in one afternoon? Sure they made tons on way up , Tons of money with rest of us , well they tripled it in one afternoon by manipulating the longs and harming the cred and momo we all created... IMO
u know better then that carpe.... fridays rebound was short covering , IMO it is pretty clear , "the group" shorted the top in a massive major way , tanked price , then they covered the massive short sameday at bottom , they made a monster killing friday manipulating the stock. IMO this is going to happen over and over , this is the MO of "the group" IMPO......
I will say this about SPNG and these OTC stocks , When stocks PAY 3rd parties cash and shares to promote the STOCK , not promote your business, but promote the stock , u better make sure you are only investing risk capital and u better watch the stock closely , good chance the stock is going to be highly volatile and not follow normal technical indicators , but man dont put in stop losses , u see how the insiders stole from those dumb enough to use them Friday.... Dont get me wrong , I made major $ on SPNG , I bought back in Friday for my 6th time , Ill flip at $.19 again this week for another profit , but this is one of the most , if not the most manipulated stock on the OTC..... I really think , IMPO , the SEC is going to take a peek under the hood before much longer ... But that is just my personal opinion, Ill be long cashed out by then counting my cash :) IMO
what do u expect when ur CEO is a thief and liar....
This is Jim Dial we r talking about....
In 2007, Global Oil Tools Inc, (est'd. in 1978, Louisiana), began its re-organization into Global Oil Tools (Wyoming), whereby Global Oil Tools Inc, (Wyoming) entered into an agreement to acquire all assets and liabilities of Global Oil Tools Inc, (Louisiana) and whereby Global Tools' (Louisiana) board approved the reorganization.
Subsequently in August of 2006, a settlement plan and agreement was negotiated and finalized whereby ultimately Grifco International relinquished all of its interests in Global Oil Tools Inc to The Lyamec Corporation.
Global Oil Tools Inc, (http://www.globaloiltools.com) announces that its parent, The Lyamec Corporation (The Libyan American Corporation), a 1999 Texas based, and market development and private equities investment utilizing secondary securitization market entries of both regulated and non-regulated markets by the Securities and Exchange Commission, settled its dispute with Grifco International. Subsequently in August of 2006, a settlement plan and agreement was negotiated and finalized whereby ultimately Grifco International relinquished all of its interests in Global Oil Tools Inc to The Lyamec Corporation.
In a statement by RG Raymond, director of parent, The Lyamec Corporation, "Typically we focus on transactions ranging between USD $5 million to US$25 million by means of leveraged buy-outs, asset roll-up and mezzanine based recapitalization programs."
In 2007, Global Oil Tools Inc, (est'd. in 1978, Louisiana), began its re-organization into Global Oil Tools (Wyoming), whereby Global Oil Tools Inc, (Wyoming) entered into an agreement to acquire all assets and liabilities of Global Oil Tools Inc, (Louisiana) and whereby Global Tools' (Louisiana) board approved the reorganization.
Currently, the Global Oil Tools project is managed with complete oversight by The Lyamec Corporation (Owner), and The Lyamec Corporation is currently restructuring the enterprise for its first round of phase of private placement exempted by the Securities and Exchange Commission. Since taking control of management in late 2005, Global Oil Tools' manufacturing capacity increased to 80% and year over year operating profits rose (in millions) from US$1,050,000 for 2005, to US$1,302,000 in 2006, and US$1,735,000 for 2007, respectively. Global Oil Tools is now one of the most successfully managed and operated manufacturing firms in its industry, and is equipped with state-of-the-art CNC machinery and technology and know how, that allows it to produce a vast line of specialized wire line tools and down-hole flow control system products for its 150 customers and clients.
RG Raymond went on to add, "Leveraging our operational experience and strategic relationships is at the heart of deal origination and execution. Since our acquisition's superb performance and through our (The Lyamec Corporation) oversight all outstanding debts at Global Oil Tools (Louisiana) have been paid in full, as well as, positive cash flow from operations has been achieved; furthermore, new equipment and facility improvements have positioned Global Oil Tools as a prime target contender in the oil field and down-hole flow control systems industry manufacturing. We are aggressively focused in the operations and manufacturing side of oil field related equipments and products, including that of coil tubing products and services, down hole flow control systems, and product accessories, certification of oil drilling rig refurbishment services and wire line tool manufacturing and bringing Global Libya's facility online to support the African targeted market.
Within recent months vested interests in its enterprises were provided for several business and financial agreements totaling approximately US$10 million and were provided approximately US$6,000,000 in secured debt financing agreements for working capital including that of providing for Auto Industry and Equipment Manufacturing leasing service operations. In addition, follow-on project financing totaled approximately US$4.5 Million, was agreed to with several equity kicker bases and positioning in several of the privately owned companies including that of providing the oil field service sector leveraging opportunities, such as, leveraging our manufacturing procedures to include exclusive branding of certain products for induction to the coil tubing service industry and products into future current and future subsidiaries focusing in the gas drilling and distribution services."
Since early 2005, The Lyamec Corporation completed the acquisition of several stakes including that of stakes in the renewable power generation industry, whereby its portfolio expansion into renewable power generation portfolios recognized approximately an 86% return on its return, of which it subsequently exited in 2006. Contemporaneously, The Lyamec Corporation (Plaintiff) filed a grievance with the Federal District Court in the State Of Texas and a suit was filed against its NASD member (Defendant) and its official intermediate representative. The presiding United States appointed Federal District judge presiding over the case concurrently ruled in favor of The Lyamec Corporation. The judge's ruling was not appealed by the defendant.
In early 2007, The Lyamec Corporation (http://www.lyamec.com) co-sponsored the acquisition of several entities through several mezzanine debt based loans for small-cap publicly and privately held companies in which it acquired an equity stake in forms of secured and non-secured convertible notes including that of certain Leasing and Financing, Mergers & Acquisitions and Real Estate Development enterprises, and its investment(s) of which included a stake in a wholly owned subsidiary of an issuer precluded a (35%) interest in a Hilton Hotel in West Palm Beach, Florida.
On September 20th, 2007, specific products and branding rights were the subject of a controlled setting for Global Oil Tools and Halliburton, and in particular at Halliburton's operational center in Houston, Texas, whereby Global Oil Tools introduced Halliburton to its concept development of proprietary and exclusively traced and controlled manufacturing of (By Global Oil Tools) a tool, known as "GOTWELL" 1.125 inch "Selective Wire Line Retrievable Lock and Nipple System (SGL)", for use in the coil tubing gas lift operations.
According to a statement by WJ Barnhill, Global's founder and current Chief Operating Officer, "What makes this concept unique and revolutionary is that it provides tremendous cost savings to the operators. The coil tubing gas lift concept has been conventional for many years and servicing is very expensive and takes a lot of equipment on location to do the job. Currently the only way to maintain the repair of the gas lift valves is to retrieve them by pulling out the coil tubing and run back over and over every time the valves need repair, which is extremely costly and takes several days to do so. The "GOTWELL" retrievable system, in current controlled production and in use by Global customers, Shell and Conoco Phillips, eliminated their cost by simply retrieving gas lift valves thru wire-line (slick-line) servicing and replacing them within a few hours at a fraction of the costly effects currently facing the operator(s). Barnhill added, "There is no need to pull the coil tubing out because you use the wire-line to go inside (coil tubing) which is far less costly."
Global Oil Tools and its board are committed to 'revolutionary' branding "GOTWELL" for the industry and our board agreed with Wilfred James Barnhill that a review into providing exclusive manufacture branding rights to Halliburton would be "a natural approach."
As a dividend yield-oriented and investment income generating company, we prioritize our investment in enterprises with historical cash flows, positive earnings, fixed assets collateral, accounts receivable and inventory financing. We perform due diligence assessment on targeted investment opportunities, including project financing, recapitalization, business acquisitions and developing income producing properties and industrial projects that generate significant revenues. Through structured finance solutions combining mezzanine financing and private equity investments, we improve existing business operations via modernizing manufacturing productivity, building higher sales revenue and earnings growth with strong margins and realignment of management policies to fully implement changes necessary to achieve strategic goals.
In his concluding statements RG Raymond stated, "Our business strategy is to identify and negotiate with potential target(s) operating in the energy related industries for an acquisition or business consolidation objective. We provide a platform for the domestic small-cap private companies to become a reporting publicly traded firms. Currently, our executives are focusing on the completion of certain filing with Securities and Exchange Commission requirements and deal flow direction, including placement offering with a view towards adding its portfolio of companies to listings in London's Stock exchange (AIM), The American Stock Exchange, (AMEX) and Libya's stock exchange. Early stage financing comes in the form of funded commitments from our senior executives and subsequent capital is raised either through private placement or initial public offering proceeds. Securitization of investments come by obtaining majority equity interests in our portfolio companies assets and we generate revenue from origination and advisory fees, capital restructuring fees and income from providing managerial services, initial public offering assistance and earnings from business operations.
Web site: http://www.globaloiltoolslibya.com
Brian Barnhill or RG Raymond, +1-504-754-0005, hq@globlaoiltoolslibya.com, both of Global Oil Tools Libya
I re-bought small position LONG Friday? I had sold ALL of SPNG Tuesday for .14 , I would never short ANY stock , let alone one being obviously manipulated by an insider..... IMO
CVS Orlando FL has inventory.eom
not sure what u mean? i am not IB customer and I do NOT short any stock , IMO shorting should be banned , I dont see how betting on a company to lose is investing , it just breeds corruption IMO
Yes, IMO they covered massive short at the low and it rebounded...
It is no big secret , You can short SPNG and or many other pennies using interactive brokers:
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=spng&cntry=usa&tag=United+States&ib_entity=llc&ln=
They are only showing 700,000 SPNG shares available for shorting , not sure how real time the info is , or if they in fact have investors with much larger short positions....
Symbol: SPNG
Availability: 700'000
Exchanges: PINK, ARCAEDGE, NITE, IBSX, OTCBB
IMO the bounce was short covering, "the group" obviously shorted the top in big way and then started covering at the bottom , they made a fortune at the expense of retail investors , killed the momo , hurt the newly built cred , and added a another red flag.... SPNG is making money , growing , doing well, but when you get into business with folks that have long history of alledged stock manipulations this is what you get , does not matter how great the company is , a penny stock promoter/manipulator is controlling the action and IMO the group showed all of us SPNG investors just who is in charge of this stock.... They can crumble it anytime they please and make double or triple the money , like the huge run was not enough , greed is not good in this case , IMPO
How can there be NO Dillution when you clearly sate: "they get paid in shares!" ??? Hello ?
SPNG IS NOT A PUMP/DUMP or some scam of a company , that much is true and very factual , Now are they allowing the stock to be manipulated by "the group" IMO YES .... They dont need the likes of Doug Furth destroying retail investor confidence along with their investments, IMO until he is gone this will never uplist and will always be subject to crazy trading patterns like we saw yesterday , again just InMyPersonalOpinion, IMPO
wanttogetrich: Make sure you do some dd into one of SPNG largest shareholders , he has a long history and alledged manipulations , using "a group' of investors doing exactly what you just outlined.
Look into some of the Public DD into one of SPNG largest shareholdes , then look what happended yesterday , make your own decisions , IMPO it is clear , but again that is just My Personal Opinion of the facts as I see them.
May 2008:
First Responder Products Inc v. Douglas G Furth et al
Plaintiff: First Responder Products Inc
Defendant: Douglas G Furth, Mark Fixler, Jag Enterprises LLC, Michel Attias, Brendon Attias, Timothy Garlin and Does
Case Number: 8:2008cv00586
Filed: May 27, 2008
Court: California Central District Court
Office: Southern Division - Santa Ana Office [ Court Info ]
County: Orange
Presiding Judge: Carney
Referring Judge: Abrams
Nature of Suit: Other Statutes - Securities/Commodities/Exchanges
Cause: 15:78m(a) Securities Exchange Act
Jurisdiction: Federal Question
Jury Demanded By: Plaintiff
http://dockets.justia.com/docket/court-cacdce/case_no-8:2008cv00586/case_id-416779/
LEGAL PROCEEDINGS
On May 27, 2008, as previously reported, the Company filed a lawsuit in the United States District Court, Central District of California, Case No. SACV08-00586 CJC (PLAx) alleging securities law violations and fraud against Douglas G. Furth individually and allegedly dba Millennium Consulting Group, Inc., a defunct Ohio corporation; Mark Fixler; JAG Enterprises, LLC; Michel Attias; Brendon Attias; Timothy Garlin; and various DOE defendants for disgorgement of short-swing profits in violation of the Securities Exchange Act of 1934, Section 16(b) and for recovery of damages for fraud and deceit. These defendants, collectively, refer to themselves as “the Group”. The amount of defendants’ short-swing profit liability is unknown at this time but the Company intends to engage in expedited discovery to determine defendants’ trading profits which, by statute, must be returned to the Company. The lawsuit also sought the return of one million shares of stock given to the Group Defendants as consideration for alleged consulting services which were never performed, and which allowed the Group Defendants to engage in, as the Company alleges, illegal manipulation of the Company's stock
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6166680-71351-76415&type=sect&dcn=0001116502-08-001559
___________________________________
MAY 2006 >
Blue Chip alleges Furth to violate security laws
The Plaintiff, Blue Chip IR Group, LTD (“Blue Chip”) is a Nevada limited liabilitycompany doing business in Utah. Blue Chip is a shareholder in Ever-Glory International Group,Inc. (“EGLY”), a publicly traded company with securities registered with the SEC. DefendantFurth, a “financial public relations specialist,” entered into an agreement with Blue Chip inwhich Furth was to purchase EGLY shares as well as use his expertise to open new markets forEGLY shares, increasing share value. Blue Chip would compensate Furth by transferring175,000 EGLY shares to Furth in an account at Wilson-Davis & Co., located in Salt Lake City,Utah. Blue Chip alleges that Furth has or intends to violate applicable security laws byartificially manipulating the volume and price for EGLY shares.
Blue Chip Group v. Furth
Case Number: 2:2006cv00185
Filed: March 2, 2006
Court: Utah District Court
Office: Central Office [ Court Info ]
Presiding Judge: Judge David Sam
Nature of Suit: Torts - Property - Other Fraud
Cause: 28:1331 Fed. Question: Securities Violation
Jury Demanded By: Plaintiff
Blue Chip IR Group, Ltd. v. Furth et al
Keyword tags: None
Case Number: 1:2006cv01939
Filed: August 14, 2006
Court: Ohio Northern District Court
Office: Cleveland Office [ Court Info ]
Presiding Judge: Hon. Patricia A. Gaughan
Nature of Suit: Torts - Property - Other Fraud
Cause: 28:1331 Fed. Question: Securities Violation
jury Demanded By: Plaintiff
very astute BBall , IMO u r on the scent , if ANYONE thinks yesterdays spankin down to .075 was not directed by the pope of SPNG DF and "the group" you need to get a clue , THIS IS WHAT THEY DO! If you think they are here for some long term deal tp help retail investors u r nutso , the goal is to create profits from manipulated volatility , they made a killing yesterday as they desrtoyed the awesome momo and cred the retail longs had created..... Totally Lame IMO
Hello they shorted it at over $.25 and covered it under $.08 , they made a killing of the longs , this group shorting must have a gazillion shares to play with , now who has all those shares they can short quater billion shares in an afternoon? I have a few folks come to mind , they crushed SPNG momo today and it was all for greed IMO , they made money on this awesome SPNG run last few weeks , but they knew they could triple it in one day having the group unleash a massive short on you guys , it is sick IMO , SPNG is now going to have to rebuild a whole lot of cred IMO , They need to GET RID OF THE STOCK MANIPULATOR or this will happen over and over and over again... IMO
GOOD POST.eom
wow talk about a SPANKIN' Low $0.075 > IMO Looks like the boards best buddy Furth Group let u longs know who is really in control of this stock , I sure hope u guys got some profits out of this , I sure made a monster kiling w SPNG cash in hand last few days , I went ahead and bought some play around shares at $.085 today. I DO NOT TRUST SPNG trading patterns ,these guys r here to CRUSH retail investors, do you all even realize the money "the group" made today when they shorted the the top and covered it at bottom? Does anyone see the , IMO , obvious manipulation going on by the Furth group? They crushed some monster wealth , killed a lot of cred and totally hosed some longs today....
IMO
Not correct. The post was restored by ADMIN.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38465169
lol , my trading account says different , STRONG SPNG profits on this end , been in out of SPNG 5X , made more money on each trade , will buy back in soon , most likely tomorrow or next day. I am looking at possible, maybe , 1mil shares at $.10 buy... I have made that much PROFIT , IN CASH , I doubt I will risk all of the profits , but it is tempting. And If u read some of my posts , u obviously have not and dont know , that YES - Today was the shake out , I knew it was coming posted it last week few timnes, I knew I would sell and rebuy but Monday I was way off , thought we would see what we saw today , open up a little then go down hard on a shakeout , the market cap over $100mil and PE ratio at $.14 got me thinking last night it was way to toppy.. Todays bounces off the $.14 price was all I needed to confrim my sell , and not going to apologize , not going to feel bad , not EVER going to second guess taking a 400% profit into CASH...
I will never feel bad or look back and second guess a 400% profit in few days , never , and no I surely dont "need the money" , lol, I am no fool... My SPNG money is now converted to sweet pile of CASH , waiting for my next buy.... Happy Posting
I agree , was just highlighting Monday , after last weeks huge run I thought we would see trading Monday similar to what we saw today....
I bet they covered the short, rinse repeat , look at the daily percent swing , u can short , cover, short cover multiple times daily and make a killing , all these new investors and the fierce loyalty of the longs makes this a manipulators dream IMPO.....
AND - Yes - per my post - Mondays trading was impressive? ....
just posting my opinion? that is what the board is about? Yes?
Maybe if it was Naz listed a PE of 20 would be fair in this market IMO , but lets be realists, this is an OTC trading w a 100 million market cap on unauditted 50mil revenues , very impressive Yes, but IMO it is expensive at these levels, I want to see the next filing and the OS , I sold ALL SPNG today for huge profits , My 5th profitable flip, I AM looking to re-enter in the $.10 or less range. I must admit Mondays trading was impressive for an OTC.... Todays trading tells me 100 million market cap is fair and marklet agress... IMO > SPNG does have action fo sure .... But they have some red flags and lack of full disclosure on operating costs as well as an alledged stock manipulator to clean up before it takes next leg up IMO > Happy Posting GLTA
Not sure , I never saw one? I did email them some info on Dial and GFCI , never got a reponse. .....
FINRA will delete approximately 51,000 inactive, suspended or expired OTC Equity securities from the OTC Reporting Facility (“ORF”).
Issue_Sym_Id|Issue_Type_Cd|Issue_Short_Nm|Status|Mkt_Cat|OATS_Rptbl_Fl|Unit_of_Trade|Reg_Fee_Fl
GFCI|Common Stock|GRIFCO INTL INC|INELIGIBLE|u|Y|100|Y
ftp://ftp.otcbb.com/symboldirectory/allotcbb_otherotc.txt
General Notice for Daily Lists and Security Files for OTC Equity Securities
On Friday, May 29, 2009, FINRA will delete approximately 51,000 inactive, suspended or expired OTC Equity securities from the OTC Reporting Facility (“ORF”). The deletions will be effective Monday, June 1, 2009, and the issues will no longer appear on the OTC Equities downloadable lists.
Due to the number of issues being deleted, the OTC Equities Daily Lists available via the OTCBB Web application (www.otcbb.com) and Secure FTP ftp://ftp.otcbb.com/symboldirectory/ will not contain these issues under the Security Deletions section. Instead, FINRA will publish a pipe-delimited text file on the FTP folder above at close of business on Friday, May 29, 2009, entitled, OTC Equities Deletions 05292009.txt that conforms to the Daily List file format.
A member firm needing to report an over-the-counter trade in a non-exchange listed equity security that has been deleted for inactivity and not currently included in an OTC Equities downloadable list should send an email requesting a symbol and providing relevant information to otcsymbols@finra.org.
Questions concerning this notice may be directed to FINRA Operations at (866) 776-0800 or email at FINRAOperations@finra.org.
http://otcbb.com/news/2009/GeneralNews/052809.stm
I am out > SOLD all @.14 , looking for re-entry point , Wayyyyy to rich for me at $.14 , market cap $100 million and PE almost 12.... For an OTC that is rich... toppy at $.14 IMPO. But man what a ride.... It is trading today like I thought it would yesterday , totally head faked me yesterday , I was way off , but again , I am happy with the profits , looking for re-entry now , we might see it dip to $.10 or less this week... Ill be watching :) Happy Posting - GLTA
give it time , these guys will duillute cde in a big big way , sure sell shares for debt, sure it all sounds good until you have to do a R/S because you killed the share structure.. imo cde management is lame...
The board is wide open , post away?