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There has already been multiple R/S's with this company. Which have regularly reduced the OS and leaving more OS to be increased and RS again. Has already happened several times with MXXH. These pinks issue shares all the time out for sale and get put into the market and not for any real business, just money made from issuing shares. R/S are never good for the sub-pinks and another RS for MXXH won't be any different.
There has been no financials in about five years after the last NT 10K where they said it was going to be late and that they would have Audited financials soon and subsequent statements after that to "future" auditing and proper finances. Of course here shareholders sit with nothing in that respect.
Now are the shares that Gouger got paid (probably convertibles and at a discount rate) going to be sold into the market to finally drill after all this time. Why didn't the the company disclose that instead of keeping the shareholders dragged along. Why haven't they disclosed any and all issuance of shares and other related important data that are supposed to be on their stated "coming soon" audited financials.
Real oil producing companies don't get put into these pink shells, lot of talk and PR's of course, but the odds are pretty much nill as history and stats of the pinks teaches us.
Even if they do drill the well, it will depend on oil flow, how much gunk, water, gas, or expense to get the oil will have to be determined. It will have records to all those facts if or when it does get done. There is only 25% "working interest" and a question will have to be asked how much debt and expense will go along with the shell.
Even if there is a million dollars worth of oil, if the expense and debt are 950,000 there nothing left for shareholders of the stock.
Now any stock can have a sudden surge for trading and I hope that all shareholders can get their investment back. Wish all the luck in the world to ones who can get some trades in if MXXH has any volume at all. But it doesn't look to good right now.
That hope is seriously misplaced. There is constant exiting with insiders or other larger holdings here and they are exiting at a rate every day that is very methodical. Nothing that wasn't expected with the restriction Chill put on by the DTC.
Will get worse for the normal trader or investor with liquidity problems. It's pretty much free money for the insiders dumping the shares, what do they care, but obviously they want out, taking the money and running.
Very true, and I personally haven't been researching this one out other than to briefly look at the ridiculousness of the whole thing. The promo's of course have been going for way too long and it seems like a lot of shares need to be dumped when that goes on. They've included everything including the kitchen sink and the normal short squeeze BS, and even advertising for Etrade trying to get people to start accounts or transfer over from Ameritrade because there was a problem with certain brokers not wanting to do it.
Anyone can quickly surmise that one big red streak has to happen screwing anyone in it's path.
It couldn't be all that dubious promoting that was going on. Noooo. LOL That one has got to be one of the top BS promo's list.
Don't see a notice yet at the DTC, but that doesn't mean it's not there. The brokers are in the position (being a member of DTC) to know about it. The last list was updated at the DTC on the 2nd.
Maybe next week will be a new list for the T4T crud showing MDGC.
Did you get exactly what DTC services were restricted (DO, WT, booted out of the CNS system, etc)?
Oh golly, the MDGC short BS again. When all the "two week" fluff doesn't succeed, there is always the short talk (literally coming up short. LOL). Of course the last short data being absolute ZERO.
Ameritrade shorting this thing, riiiight. The whispers are that ETrade and Ameritrade are talking merger again. Been going around for years now with "talks", but there does seem to be some substance this time around. So what will the "shorts" do then? It's always the broker and not the company for the finger pointing. MDGC's fingers are running out of brokers to point at. LOL
http://www.americanbanker.com/people/etrade-frank-petrilli-chairman-merger-chatter-1046182-1.html
Not "smart money" at all buying at the ask when there is such a gaping spread of 60%. But it was only a couple of hundred bucks, so not too big of deal I guess. Trading a spread like that is a complete folly and as the volume shows, not many will do it.
This company hasn't even had a financial for about 5 years, let alone an audited one. Can't even make a reliable decision on investing into it. All it's had is some 8k's and Reverse Splits and such and lack of drilling (even though payments of restricted stock went out about a year ago, probably needing to come into the market about now).
RS's are used all the time for issuing more toxic debt shares and without proper financial reporting, any prospective investor can't see whats going on.
For example if there is an OS of 250 and the company RS's it to 1 that means now since the AS has remained the same there is more availability to issue more debt or shares and still have it seem like the OS has been reduced, but is still way over the 1.
Done all the time in the pinks and back and forth the OS goes, but alas, still over the 1 and even that one is worth so much less in actual dollar amount of the original 250.
They are going to have to close that spread AND increase the volume enormously to have any "smart" trading and get some audited financials out for investing (good luck with seeing that).
The two generations that have to do with this company BNPD (BNPDD, turdi, toxm, tomi, etc) have a very horrible track record with drilling or pumping wells, paying people, following regulations, or doing what he BS's about.
As far as any other generation, it doesn't matter what some great granddad did and not part of any discussion. Times, requirements, procedures, and the oil market were different anyway. What does make a difference is what Gouger and his son do that are involved with this company and what this company or stock owns, doesn't profit with, or scams shareholders with dead oil "working interest" wells.
Gouger has not drilled another pinky that he got paid $200,000 in stock to do (MXXH). He's got multiple violations on other low or no producing wells and other legal problems in his career.
But the question is what does the shareholders own here with BNPD (D)? Answer: NOTHING, no profit, ZIP. Only a Reverse Split in a Pumped and Dumped shell and value down 90%+ in holdings going further to the south.
PR's out that the wells would ever produce anything but dribbles of oil was a scam. Gouger knew full well that the Proration results would never be what he was trying to imply. The wells just have muck, dirty gas, and other non oil substance to regularly clean out and part of getting just the few drops that the old stripper wells could produce. Not profitable for the amount of expense required to do it.
So what's left? Sell shares in some dirty pinky, RS, and Pump and Dump the idea and take advantage of shareholders that might believe in the BS.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70979937
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71264152
http://investorshub.advfn.com/boards/replies.aspx?msg=71264152
For Information of production reports, P-5, P-4, violations, permits, IWAR's (Inactive Well Aging Reports), Operators and lease information, maps, and other data of "Working Interest" wells. http://www.rrc.state.tx.us/data/online/index.php
Operator name: TEJONES OPERATING CORP. (owned by Tom Gouger III -- PRESIDENT)(Thomas Gouger IV -- SECRETARY-TREASURER) Paid or funded by BNPD BNPDD
Operator & P-5 # 841338
Lease or RRC # 01090
Field #22897001
Field Name: Damon Mound
Lease name: Bryan Estate
API#03902624 #1; API#03902625 #2; API#03902626 #3; API#03902627 #4
Last P-4 Gatherer/Purchaser: ENTERPRISE CRUDE OIL LLC Gatherer/Purchaser Organization #253117
The LOCK is not a good thing that THRA has been given and the only thing that DTC might (if certain shares get audited through ok and one can get their broker to do it for them) is do some non trading Custody Service. Not knowing the policies of good business and proper public company accounting and market procedures wasn't the problem here and would not be any "good thing". But all this shows is that the company just got caught with the dubious behaviors. Thinking that THRA was going to get away with it was the dumb thing the CEO was "familiar" with.
"DTC has suspended all services, except Custody Services, for the below referenced issues. The suspensions are effective December 9, 2011."
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1856-11.pdf
I suppose if someone wants to do some wallpapering with THRA stock certs, I guess that might be possible. If their broker(DTC member) will, the proper forms get filled out, and the length of time waited for audit, etc, one could maybe get a actual certs to put on the wall. That has nothing to do with everyday trading for the normal THRA investor or trader. That service is available to all members and can be used by a Private company with employee stock for example.
http://www.dtcc.com/products/asset/services/custody.php
Yep, and they are not having the best of times with it. With that last T-trade of 4 mil, about half of all the volume went for the low of .002
"Lots of selling today. Looks as if insiders are systematically unloading as much as they can without completely tanking the price."
Well the latest T-trade dump jumped them on the top dirty list. LOL
Although CRWV is loosing ground as expected and only barely made the bottom of list. Just nothing for volume and the little it gets hasn't been good for the old Pump and Dump.
It moved from number 17 to 21 of the 21 dirty DTC list. But give it time, the liquidity will go entirely at some point.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71710314
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71710070
If there is anything verifiable with any reliable or official source to confirm any of the BS of MDGC, I welcome anyone to bring it on. (And no, phoney PR's and conversations with a salesman selling shell share wares are not verifiable or reliable).
I'll get in touch with people I know there and see if they can check it out. But it's a little tiresome to keep having them go on wild goose chases. It's just tiresome and annoying (much like talking to shell salesmen).
I'm not seeing that to be anything good today due to that is 22% in the red from yesterday. Besides, the .0006 is getting hit harder and a lot closer to being gone than 7's. That's over 33% down from yesterday's close. Not heading in the right direction, but that's nothing new for MDGC. 5's are coming up.
I'm afraid that was reserved for company VIP's (insiders) only. LOL
Nothing for any normal shareholder or trader.
One heck of a "breakout" isn't it? Not much excitement in smelling damp wet sulfur from THRA matches trying to be lit. Guess traders went elsewhere with the bunny that had real batteries instead of old broken matches in a rainstorm that THRA had or has.
That was covered, not a matter of opinion.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71769058
And numbers and links to the financials. All one has to do is read them.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71444260
Oops, someone traded it at a penny. There's going to be some erratic price and trades as this thing gets settled in with the Reverse Split, but we all know where it will end up. Right along with Gouger's dead wells.
You're right, and on the bottom line is that lack of liquidity should be part of everyone's "risk assessment". Definitely NOT a positive for MDGC.
Not a good sign when Brokers start putting their own chill on a stock. Let you exit the position, but not let you buy. Pretty common for stocks like MDGC. Now the spin of course will be it's the brokers fault for doing proper risk assessment.
It wasn't my article of facts or my charges. The debt dumping is given on AQLV's own financials. Nothing to do with me and only the facts of the foreign exchanges and the company AQLV. Support is from the numbers already known. Whether or not a particular exchange goes up or down in a particular day really doesn't say anything at all.
AQLV is down over 7% right now for the day and down a lot more for the last week. That would have more to do with shareholders or traders of AQLV.
A whole $3 trading volume so far. Going to have to be better liquidity than that for any normal shareholders. Good luck to all.
In fact, same old BNPD (BNPDD, turdi, tomi, etc) as far as any regard to violations, well production, or shareholders. But doing a nice R/S though.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70979937
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71264152
http://investorshub.advfn.com/boards/replies.aspx?msg=71264152
Still the same or similar rules and lack of transparency and lack of any oversight. Same abilities for the insiders and company to dump debt and hide the negative issues of AQLV. The spin will have to be better than that.
I guess that insider wash trade hasn't shown up yet or hasn't gone through. What a joke this company is. Their big 2012 "oil business" is still nothing with no profit producing and completely dead wells.
Gouger still violating Texas laws, not even the shell share business is doing that great for the year 2012 (which is the real business).
"when xxxx is going up to 1$ , the foreign exchange wont border me."
This was a comment on the article
Canadian fraud hits foreign markets
An interesting fact about the German and foreign exchange.
"More companies are seeking quotations on the Frankfurt exchange because of its lack of oversight and reporting requirements.
This exchange, which lists 300 admitted trading member firms, is divided into four tiers. The report focuses on the First Quotation Board (FQB) segment of the exchange because it has no transparency rules.
The Frankfurt website candidly states: "Investors must be aware that there is less information available and that there are high risks." Here, there is "free trading," meaning no restrictions on the sale of securities, not even for insiders. "
article here
That AQLV listing over there never really bode well for company and was quite questionable in the first place. But I'm sure it can be spun by the company or insiders to direct away from the issues of debt and selling of shares, it gets hidden a lot better over there.
Post on the toxic debt for shares, past and future.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71444260
Public Release, that's another issue. Of course believing any pink PR has it's issues and quite misgiving to say the least and definitely would have to be wary of being anything but reliable considering the lack of reliability with THRA. But official public notices or from reputable and proven reliable public sources could be looked at. Things like 8K's and financials are supposed to be reliable and accurate, but we have problems there also with this company.
Supposed "emails" from the CEO are quite unreliable and cannot be confirmed and of course are a folly in public company disclosure. In less than a minute I could type up some text and post it saying it was from the company, not reliable and not any real public disclosure from the supposed company. I could even do a snip-it and pic of some doctored email in a little more time. So I personally and wouldn't suggest to anyone to believe in any of it.
But I do see the facts and negative numbers that go along with the DTC list and actions. I can calculated real odds from the numbers and official statements with a calculator and quickly surmise they aren't even close to believing in anything positive for THRA.
With the THRA LOCK in which one can maybe get some physical certs to plaster on the bathroom wall with the Custody Service, they have managed to get on a list that is almost impossible to get off of. Meaning the probabilities for EVER getting the DTCC trading services resumed are quite dismal.
There are a few that have managed it for whatever reason out of hundreds that are on it, but that revolving door has a lot of rust on it and is stuck most of the time. There even has One stock that was released of it's GLOBAL LOCK (exact DTC words on the release notice) where they were suspended of "All services except Custody Service" (again exact words on DTC notice of suspension just like THRA), but is on a very, very small list and percentage of stocks with restored DTC services.
Of course the very few Pinks that have managed to get resumed DTC services, are chalked full of large RS's after resumption, Bankruptcy proceedings, STOP signs and limited info ratings, and detrimental depreciated share holding values to this day.
So this DTC list that THRA has been put on by the DTCC, is horrible odds of ever having any worth and just 99% chance of more loss for anyone who wants to consider it. Unfortunately true for all the present holders of the stock also.
For clarification, this "list" is forced by the DTC, not SEC actions(of course those DTC won't allow trade), restriction on both current and future shares, etc. The list that THRA is on.
With all the stamping feet and hoopla on whether of not THRA is "Chill" or "Lock", I should expand my statement I made regarding that difference. Really doesn't matter in this case either way, for THRA is just a junk trip zero, locked up stock. (simplistically put).
Now I did state "basically" but I apollogize if I was a little too basic in my expression. Maybe it would be better if I stated
"Global lock is where the DTCC denies all TRADE services and the "chill" label is designating that only some of their TRADE services are denied such as allowing only "trade for trade" and not allow the company like THRA in the Net Settlement System which can make some brokers not want to trade it or charge more for it.
The word TRADE referring to transactions that both the trader and investor are involved in. There are some who seem to want to hang the hat on the "Custody Service" part of the notice.
"DTC has suspended all services, except Custody Services, for the below referenced issues. The suspensions are effective December 9, 2011."
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1856-11.pdf
I suppose if someone wants to do some wallpapering with THRA stock certs, I guess that might be possible. If their broker(DTC member) will, the proper forms get filled out, and the length of time waited for audit, etc, one could maybe get a actual certs to put on the wall. That has nothing to do with everyday trading for the normal THRA investor or trader. That service is available to all members and can be used by a Private company with employee stock for example.
http://www.dtcc.com/products/asset/services/custody.php
Now if one wants to call it a fumble lock, trade lock, global lock, or just a plain bummer, that's fine. Still "Locked" as far as the DTCC is involved and for all reality purposes a dead or at least a dying duck for the normal public at this point. Putting it on the "breakout board" with a bunch of THRA gobbly gook won't change that.
No thanks necessary, not my doing and was going to do that anyway. Good luck with that and happy trading to all (what little there is of it). I want to give thanks to all the entertainment that THRA has provided.
Still a piece of trash, but at least somewhat entertaining.
Breakout boards. Pffttt. On a weekend. (more pftttttt and a LOL) That's more often than not a recipe for disaster when it comes to a stock like THRA.
Let me repeat.
How I love the smell of burnt damp sulfur in the morning when it comes to this stock. LOL.
Thanks. But the general public does not need a babysitter.
Hey news flash, the market is about money. Gee that is news. Here is some more news. It's up to the companies to follow the rules and principles of good market practices and procedures. Just because a company like THRA has not done that or because there has been a lack of enforcement to the inability for THRA to follow good accounting and business practices, that's not the DTCC fault, it's the company's. Contrary to maybe what some people want to believe, it's not a free ride. So what?
It's up to the investing or trading community to kick the company in it's rear end and not loose any more to them. Time to stop this one way pass from the public's pockets to THRA no matter what cost it is to do business for them.
There has only been the business of selling shares for THRA, not any real business, unlike the DTCC. The expense has been minimal when compared to all the money that has been made selling shares of junk public companies like THRA.
Losing what? Credibility of the DTCC? Won't matter. What matters is the general trading market for THRA which is practically non existent and in all reality is and in all probable future, will be non existent. At least not enough for any realistic trading or investing in it and should be kicked to the curb for the companies lack of credibility and irresponsible behavior and erroneous finances. The credibility for the company? That's been shot south quite some time ago.
That statement is erroneous. The DTCC cares squat on what some stock is "sitting on" and just a fallacy that THRA could be sitting on anything but a rotten egg.
The DTCC makes its money on it's services, much through the bigger exchanges, and this little junk stock is of no consequence to them other than being too high a risk and expense for them. Meaning the stock is junk.
One of the things they do care about is that the stock shares that go through their system are valid and proper. THRA is quite questionable in that area and DTCC is showing that by not doing certain business with them.
All the rubbish about DTCC alternative motives is just like the stock, garbage.
Not to far from the NO BID status. But is common with pink companies with no cash, no income, non reporting, doing multiple 1-250 reduction of shares R/S such as MXXH. A little late now for any shareholders that held through it all, but a good lesson for moving forward.
Obviously DTCC is choosing to not have a relationship with THRA. Good point! Bummer for THRA and its shareholders.
DTCC has hundreds of strategic partners - major companies, and smaller-sized and specialized software providers. In addition, DTCC maintains strong working relationships with clearing agencies and securities depositories in dozens of countries
worldwide.
"All services? So how is it trading still?"
I wouldn't call $33.50 trading, can't even get luck to go with that.
But "services" are being referred to as the DTCC services who is the biggest and direct cause and effect to get shares sold and/or bought. Definitely the biggest influence and control over any getting more than what one pays and the ability to get any reasonable amounts traded.
For some it's potato, patoto, but again just for matter of fact and that it is just two different levels of bad;
"Basically a global lock is just a full chill and of course is worse than just a partial chill.
Global lock is where the DTCC denies ALL services and the "chill" label is designating that only some of their services are denied such as allowing only "trade for trade" and not allow the company like THRA in the Net Settlement System which can make some brokers not want to trade it or charge more for it."
THRA seems to be stuck in the twilight zone of posts between bad and worse. LOL