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satch, Who knows.
I simply believe that one party plainly states they "purchased", then 7 days later the same 32 properties show up on another's PR as a "transaction". Since the second party looks to be the same entity who encumbered existing BIGN production with a financing arrangement that was originally announced like it was manna from heaven for the future of BIGN, only to thereafter disappear like morning fog at daybreak, I have to wonder if the "transaction" is related to the financing.
As to whether the BIGN move requires WWNG's cooperation or not... Nobody knows who sits of the boards of any of these companies so who can say who votes what, when, or how. For all we know, they may hold BOD meetings at the offices of the venture capitalists and all go out to Toronto's private Petroleum Club for tennis and drinks afterwards.
All I'm doing is carefully reading the words and, being myself the kind of person who tries to state things with precision, it would be absurd if it were to be presumed that these guys toss phrasings around in a haphazard way. They may do so, but I think not. These guys weren't behind the door when the brains were passed out. I'm watching their every move and I'm digging in the DD sandbox. It may be they are about something shady. Who knows. People who like doing shady things always prefer to operate unobserved, so their insistence on not being transparent makes them the automatic target of reasonable suspicions. IMHO, the wording was deliberate but it doesn't pass the scrath-n-sniff test to prove there is something shady going on... though it does cause one's attentiveness to perk up another level. Thats why I'm reading their phrasings so carefully. I want to figure out what they are up to.
All of which reminds me: has anybody dug into exactly what a "land bank" actually is? I haven't had time, but its on my list. Chime in, somebody, if you know some facts about this.
Thanx etc...
Imperial Whazoo
Thanx easy -
I just thought that I'd toss out something other than "worry words", even if it gets me mauled (LOL!!)..
I was reading thru the posts I'd missed while I was doing some trading this morning on other stocks and as I read, it looked like everybody was working themselves into a slather.
My reasoning is that it is not accident that carefully chosen different phrasings were used in otherwise "identical" PRs. It defies logic that the meanings are the same. Thus, I'm simply mulling over possible "actual" readings to see if any cause a light to go off over my head (like in cartoons). So far, the one just profferd is my one & only and it has some appealing aspects to it, IMHO. WW purchases & Royal transacts. Both aquire. This wording ain't accidental, IMHO. It means something. And, unlike the tone that I see on the board this morning, I'm not dashing to the edge of the cliff in a fit of worry... yet, anyway.
Remember, if those wishing to make a killing who are in a better place as regards inside info can stampede people to relinquishing their shares just before good news comes out, they will try to leverage all the worry that is out there to their advantage to pick up more shares and dollar cost average down. And, bearing in mind waves excellent MM post today, it must also be observed that it is not in anyones interest to let MMs get out from under bad positions they may have by selling them your shares cheaply. I'm not worried.... I'm not selling.... and thats all there is to it. IMHO, the Royal news is good news and that where I stand. I could be wrong, but thats what we all have to do. Make up your mind; make a plan ; execute that plan. As for me, im both long and unfazed.
Imperial Whazoo
Imperial Whazoo
Hi satch -
There is no reason why they couldn't be doing one of the following:
A.) Both buying a portion of the WI (typically .875); something like .4375 each
B.) The WW's happened 10/03 and then the Royal on 10/11, 7 days later. I favor this explanation. Let me "think out loud" about the precise words used:
WW "completes the purchase" & "acquires" "The assets" that "were purchased with cash and shares"
Compare this: Royal "completed a transaction acquiring"...
Now, I've floated the theory that Royal entangled BIGN against the wishes of the venture capitalists who fired Smith & Kelley over it and hired Lancaster with direct "Toronto" control over all future decisions and with very specific redirection to the company. So, the question is.... does WW still own the Oklahoma stuff or was it flipped to disentangle BIGN from the financing deal that encubmered them?
Now, this may sound far fetched, but suppose that this is BIGN disentangling itself so it can in fact go forward with the overall business plan. Check out the specific wording: WW (50% owned by BIGN) uses cash & stock to complete a purchase whereas Royal, 7 days later, "completes a transaction"... ie: the dollars were not mentioned as a specific detail of the Royal PR on the 11th because no actual dollars were used; what this actually may represent is a business deal flipping the properties to Royal as the price of disentangling BIGN from the encumberment of the financing deal that got Smith & Kelley removed.
I obviously favor the latter of these two ("B" over "A"), but I actually do not know. All I know is that the specific chosen phrasing was no accident and the explanation I offer sure does explain why the wording on Royal was a transaction specifically not involving cash and shares while the one involving WW that happened 7 days earlier specifically does include mention of cash & shares and is not described as a transaction but rather as a purchase.
Just a little thought for everyone to chew on as regards the meaning of the carefully worded but differing PRs. After making the mistake of attributing Royal yo being a typo, I have a renewed conviction that these venture capitalists are very very careful and very very precise in their choice (or omission) of words.
Imperial Whazoo
Am I right in thinking the following?
When BIGN owns rigs, won't the other entities pay them (BIGN) fees for use of the rigs?
When WW of Royal wants to use the 3D Seismic, won't they pay BIGN for the service?
When WW or Royal uses the CO2 injection technology, won't BIGN be billing for its use?
It seems to me that this is a pretty well thought out plan where each entity buys necessary services, thus keeping the bulk of the income within the same umberella?
Am I thinking right? It seems generally to be a pretty good business plan, IMHO.
Just thought I'd toss that out for consideration.
Imperial Whazoo
Interesting thought. Here's another one: the 32 properties were announced by BIGN on Oct 3rd. Seven days later, the exact same wording regarding 32 Oklahoma properties was dug up by wave on the Royal PR (Oct 11). What if all this is is a land flip? I asked spiras that yesterday and he said it was a good question and said he had emailed BIGN asking that very thing. What do you think of that idea?
Imperial Whazoo
Hey nosey -
Your other questions were pretty good too, especially #3.
I doubt the idea being floated that there is going to be some kind of merger with Tyche, for example. I hold to the notion that these venture capitalists set up each entity according to the idea that each serves a slightly different purpose. Tyche has plainly told us they are a land bank, for example. BIGN and WW have NOT said they are the land bank. BIGN seems to be the vehicle through which licensing & JV agreements are done, along with owning minerals & some production. So, I look for more of this multicompany stuff. Who knows whether these separarate entities are set up to avoid certain kinds of taxes. All that kind of speculation is too oblique for the moment. Even so, everybody is entitled to draw their own corporate infrastructure picture. As for me, I would be surprised to see Tyche, which was just spun out of BIGN, get reunited. But who knows.... which, as you say, is the real problem.... lack of transparency.
GLTY
Imperial Whazoo
Hey Nosey -
Check several of my posts this past weekend. I all but did backflips saying WOW when wave figured it out. I even called myself a bonehead for having assumed it was a US/California company. It the Royal he found in Canada. So, my bad (actually not all that bad because I at least had the nerve to dare to be wrong in hopes of getting some of the geniuses out there to thinking and digging).
My basic thought was that the ancient Royal PR had to be a fulcrum point that had long been overlooked in everybody's thinking... So, you know, follow the money.. that kind of thing. I was never comfortable with the funding coming from the filling station company (California's privately held Royal Petroleum), so I incorrectly deduced that there must have been a misspelling in the PR, especially when I read the PDF about Royalle being in Grimes bigtime.
So, I've done the happy dance now that wave has dug up his info. It the Canadian Royal he found. Thats where I stand now. For months leading up to when I finally posted something, I was never satisfied that the financing PR had just kind of dropped off the edge of the earth. I had a theory that proved to be wrong but it got everybody thinking and that was what I was hoping for. Now, somebody took the ball and ran with it and we are all better off because of it. Anyway, I no longer hold to the theory I posited.
GLTY
Imperial Whazoo
OT: check IHDR the last 3 days.... WOW!!
Yeah really tyler -
Just do an outline, affixing links and PRs and such that summarize it all. Its better than wading thru it all. When you tie it up with a pretty bow, its easier to grasp. I suffer from being wordy, but even with being wordy, I can assure you its easier to grasp than if I just dumped it all out there to be dug thru individually.
Thanx ahead of time,
Imperial Whazoo
spiras -
Thanx. You are right. the http is pretty shoddy. I'm a database guy and I can take one look at a database user interface and make meaningful conclusions about the quality of the info available on it. The http site is, IMHO, pretty darn bad. Thats why I was so interested in getting a look at the ftp site.
Good dig, man. Good dig.
Imperial Whazoo
Oh, and frat -
Just as everybody is correct to delierately make the point of not spoiling things making telephone inquiries today, I can tell everybody the plain spoken truth of what will happen if all of Skip's workings get dumped onto this or any other page:
If Skip is to have the maximum ability to negotiate new leases on properties he intends to rework, he needs privacy. If mineral rights owners get wind of a systematic releasing agenda, negotiating will get more and more expensive. If BIGN (or any other entity we all have some interest in) ever hopes to maximize its profitability via any JVs or partnered deals involving Skip and/or Hydroslotter out there in Grimes, it works against us for any list of properties to be reworked to be posted on this or any other board. Since I am gung ho on BIGN, part of what I explained to you in my previous post to you is couched on the assumption that not posting a list of properties to be reworked was more likely to end up adding value to BIGN, if and when they did further deals with Skip.
I'm not thinking it is even remotely wise, therefore, to post any such list at this time. Further, phone calls barraging state entites and county entities may end up creating intrusiveness from bureaucrats out there for Skip. what we need is action out there on the current things involving BIGN. My thinking is that getting too nosey or too noisy in digging into whats going on out there would be counterproductive.
So, please everyone. Just as folks are correct to not hammer the phones about what wave unearthed this weekend about Royal, please don't dig into Skip's business so deeply it harms his progress on what we do have an interest in: the two wells currently being reworked. Remember, futr assures us that there is no ownership of Hydroslotter by BIGN. Hence, it is not relevant to us if Hydroslotter and Skip do further deals that don't include BIGN.
Anyway, that my opinion.
Imperial Whazoo
You are right cool. I don't know what was wrong with what I cut-n-pated last night. I'd decided it as broken and set out to get the right one. Thanx bunches.
Imperial Whazoo
spiras -
Would you take a few moments to elaborate on your comment as regards reverse splitting? I guess the thing on the tip of everybody's tongue is whether the net effect will be that the shares they end up with will be worth more or less when it all disentangles? What are your thoughts?
Also, did you see my post asking you post a usable ftp link? The one on your screenshot was unusable. This is really important to me. Do you mind doing this please? Thanx ahead of time.
Imperial Whazoo
Thanz frat -
Actually, I already use the non-ftp site. My question of spiras was generated for one reason: up till now, I had been unaware that the production records were available on an FTP site. And, by the way, I'd already figured out that Petro is Skip's little company.
I've let out a few clues to my family being in oil & gas. We are. But, thru a convoluted tale that I'm not interested in wasting everybody's time about, it just so happens that our specialty as a service provider in the oil & gas arena was the property tax end of the business. What I did, starting in 1980, was create the first comprehensive property description database system for managing the property (producing, non-producing, pipelines, undivided minerals, trucking fleets... you name it) in this type of service industry. We represented a bunch of the larger bank oil & gas trust departments and I had to figure out a codification system to handle hundreds of thousands of properties. If anybody is interested, I wrote it in a 3D database system called Pick (although most of my more modern work was in VB/VBA on Microsoft products.)
Back to the matter of coming to a better understanding of BIGN (the purpose off this board), I had dug up the fact that Royalle was not the operator out there in Grimes and I have put together a partial list of the properties Skip is currently reworking and apparently plans to rework. And what I have on the back burner is feedback from some of our sources on every property Skip's little company has leased up. Unfortunately, because California issues appraisals to the operator only, I don't have access like I do in some states to the division orders themselves. In California, the operator allocates the proportional amounts to the interest owning entities on any lease. In Texas, for example, it is not uncommon for the tax rolls to include every royalty owner on a well. So, the difference in California makes it hard to determine quickly who the other players are on the new leases Skip has negotiated (or is negotiating). But, I already know the names of the wells the Skip has gotten changed. My plan was to look at it if and when I had more on the list because the matter is only material to me as a shareholder on BIGN if Skip and BIGN continue to do deals out there. Then it becomes relevant and then I will see a reason to bother forming it up into a readable post for everybody to see.
Anyway, the name changing that is going on is why its hard to correlate the wells on the official California site and the PRs. Also, different forms have to be filed if a well is P&A (plugged & abandoned) for more than 15 years than for less than 15 years. I've got a whole list of the forms and rules and regulations that are in play in California. Skip is logically getting the names changed as he goes and every time he does, it is given a new API and so on. And, again, this is only relevant to the extent Skip & BIGN continue to do deals out there.
The reason I've back-burnered this investigative project is that I am unconvinced that BIGN is all that closely involved in the future plans of Skip's little company. And futr convinced me that I was wrong about Hydroslotter being 50% owned by BIGN. So, since BIGN only participates with a 50% income stream on projects it is doing with Hydroslotter, I'd back-burnered the investigation until it was clear whether it mattered any longer that Skip was doing in Grimes.
Anyway, the thing I was trying to get from spiras was the ftp server address. If you take a gander at the screenshot he posted of the non-Hebrew page he put together, you will notice it displayes a link that is an ftp address an apposed to an address beginning with http and so on. Since his screenshot truncated the entire ftp line (hence making it unusable) what I was seeking was a separate post with the exact ftp address.
Thanx for the http address. I already use it, though.
Thanx & GLTY
Imperial Whazoo
Oh I have one more really interesting thing for you to look at tonight :
Check out this link fro the KING boaurd.... it is right down the of why Hydroslotting is such a valuable idea:
http://www.investorshub.com/boards/read_msg.asp?message_id=14032429
Imperial Whazoo
spiras -
I typed in the ftp address on your image and it failed to resolve.
I tried backing each tree branch out until I only had the root left. It always failed to resolve.
Please be so kind as to post the actual ftp link so I can poke around a bit on it. Also, what web site is the ftp site entry point found on? Link please.
Thanx
Imperial Whazoo
This is an object lesson on how a board should work. I can't tell you all how uncomfortable I felt when I stuck my neck out to suggest that the fulcrum to understanding this was the long-overlooked PR regarding financing by Royal. Like the movie line goes "Follow the money!!"
It turns out that the conclusions I laid out were off target but the board worked the way it ought to work. Somebody else (apparently waverider) was smart enough to nose around for other Royal Petroleums and low and behold look what the cat drug in!! Being in Texas, it never occurred to me to look for a canadial company. Duh!! Talk about a boneheaded mistake!!
There's nothing wrong with a little wild ass speculation, though. Sometimes its what the docter ordered.
Heres my current question to any and all: did BIGN flip these Oklahoma properties? Here's another wild ass idea (I have to go to my father's house to work on his computer, so I'm out of here)... it would be interesting to see if some of the same names (Kelley, Smith, etc...) show up anywhere on any of these several new releted companies boards or on any of their old PRs? How much inbreeding are we looking at here?
Gotta go. Absolutely incredible work. Lets all keep this a more tolerant board. Encouraging dissent pays off. As far as I'm concerned, the more that ideas can be put out for consideration, the better off we all will be.... especially because we seem to be dealing with companies that are far from transparent.
Imperial Whazoo
spiras -
Do we know whether the wells were bought by BIGN (their PR on Oct 3) and they had a buyer in Royal which this PR from Royal represents? I mean, how do we know that BIGN didn't just make a quick buck here? Not wishing to play the spoiler here, just wondering out loud whether the two PRs indicate BIGN will be buying Royal (or visa versa, either way, who can saty at this point), or whether this is just a quick money making deal that BIGN just swung?
Imperial Whazoo
Absolutely man. Quiet. Quiet. QUIET.
Imperial Whazoo
Way to go wave!! You knocked it out of the park man!! Not only that, but you knocked the skin off of it. Absolutely out-a-site!!
Imperial Whazoo
Hey wave man, Are you serious! WOW! Is your news for real?!? Man do I ever hope so!!!
Nice dig, either way! Now thats something to chew on!!!
Imperial Whazoo
Hey easy-
Nice dig. Wow!! I wasn't expecting that. I'd become convinced Royalle was not in this. WOW!! Nice dig, man!
Imperial Whazoo
Thanx waverider -
I fully agree with you and I too would like to know who Royalle is. And, the most important question as regards them isn't necessarily who they are. IMHO, the key question (whoever they are) is whether the agreement encumbering existing production as security for ongoing deals was actually a bad deal or not. Also, whether the deal good or bad, I'd still like to know whether Royalle (whoever they are) is financing reworks or not.
If you PR that you have a bottomless pocket to finance a huge growth plan, isn't it reasonable that you might want to follow up on it with subsequent PRs? When you lay out a plan like they announced and you lay out apparent financing for it, it raises a few questions that deserve answers when the management team who cut the deal gets replaced without explanation, a new team with an entirely different plan comes in, the old work that was supposedly underway stalls, and the new plan is surrounded by silence.... well, it just raises a few questions, which, as you point out, BIGN needs to address.
So, you nailed it. We deserve answers and it is not the least bit unreasonable to say so. Its neither bashing nor pumping. Its just plain reasonable.
I'm with you 100% in what you said. Good post, man.
Imperial Whazoo
Thanx Billiam
Excellent post, man
Imperial Whazoo
Thanx Ace Ventura-
Say, could you help me find my lost cat? (love the handle, man.... LOL)!
Imperial Whazoo
Thanx fratboy -
To be frank, I guess you and I are just going to have to agree to disagree.
Before I go any further, though, I don't consider you are one of the bullies, by the way.
That having been said, there are bullies on this board. Averybody on the board knows it and all the visitors can tell it too. And thats one aspect of why its wrong. And I do not think that the fact that some of the bullies have been posting for so long gives them superior rights. As far as I can tell, some of them seem to have hidden agendas themselves. The fact that they have all become such chummy pals is irrelevent, just as it is irrelevant whether someone has been posting for a long time. A person with a hidden agenda who has been getting away with it for a long time is no better than someone with a hidden agenda who has not. So what.... the perception of the board and its credibility are damaged in both cases.
Long term posters could be holy men from Tibet for all I care. They still don't have the right to viciously attack people with a differing view or with information that runs counter to their hidden agenda. The length of time someone has posted to this or any other board has absolutely nothing to do with the incivility that has been all too predominant on this board. It should be voluntarily stopped, it should not be defended, and it should not rear its ugly head again. Everyone on this board deserves equal rights regardless of how long they have posted here.
So, in the spirit that ought to be that with which this board is saturated, I suppose you and I are simply going to have to agree to disagree. Longevity has nothing to do with it, despite the fact that you are one of the ones who has that longevity. People should be treated with civility whether this is their first post or their 9,000th post.
GLTY
Imperial Whazoo
Thanx tyler -
I knew what you were attempting was to actually help others by warning them of something you thought they needed to be warned about. If this board had been the citizenship of New England when Paul Revere made his famous ride, he would have been murdered in the streets and his body robbed of all valuables... and we would still be under British rule! (LOL) You can't be faulted for actually caring. Thats a plus in my book. GLTY.
As regards DD, I'm doing some right now and will post later this week (hopefully). I still haven't been able to find out whether the financing agreement Royalle put forward was ever taken advantage of. It remains self evident that, if BIGN did use the financing, some of their existing production would have been encumbered (thanx again Billiam for making that point so well). I think my deduction that Royalle must be the producer if the financing was used was flawed reasoning. In point of fact, BIGN could have used the financing and had some of their existing production encumbered without it being necessary for Royalle to be the producer. As a matter of fact, it looks like Lewis (Skip) Taylor's company or companies are the operators. The encumberment of existing BIGN production would happen whether Royalle is the operator or not, so the danger posed to land bank plans wouild be real if Royalle's financing was used whether Royalle is operator or not. That was a flaw in my reasoning but it doesn't change the nature of the danger posed by the encumberments.
As I said, I'm planning to post DD on what I'm digging up later, as it comes together.
All that having been said, it was sad for you to be so badly attacked. It is what is wrong with this board. It doesn't have to be the way the board operates in the future and that is what I'm trying to push forward by these weekend posts.
GLTY
Imperial Whazoo
Thank you as well tommycjr.
I was kind of dreading my visit today to the board. I guess you can guess that I posted half expecting a series of attacks for daring to try to lay a foundation for a more civil board. Its nice to find out that there are folks out there who understand the value of what I'm arguing in favor of.
Thanx again & GLTY
Imperial Whazoo
Thanx kw723 -
Your comments are very kind and it is gratifying to have clicked on your reply first of the several I've received.
I'm interested in trying to lay a foundation to make this a more pleasant place to post. Anyone who has money invested in this stock has a legitimate right to ruminate to their hearts desire as regards their ideas and their concerns. I loved the way you put it when you commented that too many came out swinging when they read tyler's comments. Its just not necessary to behave so badly. It spooks the timid amongst us and they might have something to say, but they prefer to not have to fight with unkind and unreasonable people.
Again, thank you for your kind comments.
Impaerial Whazoo
Oh... well, whoever she is, she shouldn't have been so assailed for the horrid crime of feeling like she had made an investment mistake and needed to warn others. Anyway, thats what I think.
I'm an active participant of the Spooz board and on the IHDR board. Those folks are simply nicer to each other. I had a PM sent to me today on an issue I'd raised on the BIGN board and the person sending it suggested I visit another board for an answer to my question, which I did. To my surprise, there are a lot of posters on it who quit posting on the BIGN board because of all the bullies. They turned out to be some of the stronger former participants. Once I read their names and researched their past posts, I remembered them. Isn't it sad that the bullies have succeded in damaging this board by driving the most experienced hands to friendlier boards?
I firmly believe there is no reason for everybody to tolerate the viciousness that is so swift to raise its ugly head on this board. I also see nothing wrong with fighting fire with fire. Don't attack but defend you posts if you think you need to do so. There's nothing wrong with that. Teddy Roosevelt said to walk softly but carry a big stick. Thats not bad advise on this board where there are a few really bad actors. If you are not going to stand up and defend the credibility of what you thought was worth posting, nobody else will.
Since I daily contribute to and benefit from the Spooz and the IHDR boards, I kind of have first hand impresions on how a healthy bunch of opinionated adults can agree and disagree but still help each other become a better informed investment community about a particular stock. There is no reason why this should not be the case here on the BIGN board. Since its my money thats on the line, I have a reason to fight for what is right on this board. I want people to generate ideas and toss them out there to be commented on rather than attacked. As it stands today, the bullies attack anyone that dares to be a good trooper. This board is like a playground where bullies run off the decent folk.
Tyler probably should have waited for me to reply to her but she kind of paniced. She had PMed me with her post and the truth is, I was just beginning to look into it when she paniced. If she had waited till today or or later this weekend when I could have realy dug into it, she wouldn't have been the target of the bullies. I wasn't about to simply act on her info. Given its nature, I was going to try to retrace her steps, but that would have taken time. And she needs to be realistic. too... just becaiuse somebody posts me with a bunch of stuff doesn't mean I'm going to jump like a scalded cat. I'm methodical and I am not spooked by something like this. So, she just made a blunder or two and the proof will be in the pudding, which has yet to bake... if she's right, she made the right decision to bail out and we all did not. If BIGN doesn't crater, then she made a mistake. The oven is still on and the pudding isn't baked yet. Time will tell.
Anyway, thanks. I'm going to continue to post my DD, such as it is, when I think I've got something to lay out there that might help somebody else. I, like everybody else, am trying to put together a jigsaw puzzle in a half dark room because BIGN is anything but transparent. It continues to amaze me how dense the underbrush is... if people would just realize that the collective set of minds feeling free to put ideas on the table without fear of being attacked .... that if they just participated in this process with the civility of adults, the net might be that we all end up with a better idea of the things that everybody is confused and concerned about.
Anyway, I'm doing some more DD on the Royalle Petroleum financing and on whether they are the operators of the wells that are being slotted. I'm pretty convinced that no Royalle properties are amongst those being slotted. So, that means.... well, I'm not ready to draw conclusions yet. And anyway, the bullies are sure to read this post and waste a bunch more of everybody's time acting studiply. So what. Pearls before swine. Who cares.
Since you know tyler, tell her to keep her chin up. The bullies are nothing but cowards. Anyone with anything to say should just say it. We'd have a better board if everybody just ignored the bullies and posted as though their ugliness was nothing more than flatulence.
I'll be posting something this week (if the LOI doesn't intervene) about the successful wells out there in Grimes. Hopefully, the Grimes #3 PR and/or PRs on the LOI will happen next week making it unnecessary for me to spend any time posting my latest DD.
Tell tyler the Grimes wells are real. We're not being lied to. Tyler just kind of paniced, thats all. Anyway, if I get it lined up, I'll post what I've learned (unless we get PRs, that is).
Thanx & GLTY
Imperial Whazoo
vole -
I think you are a man with the right idea. There are some bullies on this board. I am not the least bit bothered but, in the interest of having a place where real ideas can be discussed, I keep standing on principle. I welcome your re-emergence. The more this space is populated by civil folks, the better the chance we all have of uncovering something we didn't know and probably would not have thought of alone. The bullies on this board are counting on the fact that most folks will simply avoid a scrap. So, fearful of the untidiness inherent in knocking some bully on his can as he deserves, the timid poster who has something to contribute lets his voice go unheard and we all suffer. The bullies should be shouted down if the admin won't ban them. So, chime right in. Lay an European haymaker right on his kisser and join in the rumble. And I'm sure tyler welcomes your vote of support. I'm sure he meant well and you are right that everybody shouldn't have been so mean to him.
Imperial Whazoo
Thanx man,
I can't tell you what a pleasure it is for the main influences on this board to be such high calibre people.
Some boards are like a badly maintained playground in a trashy neighborhood. You park your car there and go to shoot some hoops. Your car ends up stripped and on cinder blocks and you end up having to be in fist fights every time you turn around.
GLTY
Imperial Whazoo
If you don't mind my asking, is there a web site or sites on your Enviro Energy Systems? I'm very interested.
Imperial Whazoo
No. with all due respect, he said it was a setup where the two brokerages he mentioned would market it to their account holders. It is certain to generate income stream for both Ameritrade (and/or OptionExpress) and Spooz.
Now, as to it being a client app (not a web app), he was also very specific. The way it works is you download a cliont side app (probably an exe that is installed from an MSI) and this probably contains a piece of custom "server" app software to "serve" the Excel pages so the refresh is done in the "Excel server" piece and served up to your client app (or to your copy of Excel maybe). Not a real precise description of the actual architecture I'm sure but the general idea is that the client side has to serve up the custom refresh Excel pages. Whether you can use actual Excel or whether it is a custom version of "Excel" remains to be explained. Most likely it is a service that runs on 2000 or XP plus an app. Anyway, this is probably going to be private labled (OEMed) to each broker and I bet you money the OptionExpress version won't run on Ameritrade. Anyway, the trades do execute thru the application and you are connected to the broker's datafeed someway. All this is unclear mainly because it has yet to be explained but this is probably the general idea. I'm sure that this crummy explanation is a pretty bad rough draft of the actual implementation. Kinda like drawing out an idea in a brainstorming session on a cocktail napkin. But I think this is the rough outline of how it will work.
Imperial Whazoo
Bingo!!, Billiam
You nailed it. You put into words the thing I had in mind. Exactly. If they had tied up their future to sprint to do the wells Royalle has out there, they encumber the stuff they need to do the LOI. Hence, they hold off on the growth they announced and that is what the delays at Grimes were about.
Now, it may be wrong, but it sure seems to hold together as a possible explanation. And, it lets Lancaster off the hook somewhat because it makes him crazy like a fox.
It sure is good to hear from someone who doesn't think that a discussion board for decent people is the appropriate place for spewing vomitous hatred. It sure is good to hear from a sane person commenting on the thoughts I laid out there for general discussion.
Thanx man. GLTY
Imperial Whazoo
My take is that it would not be "legal" for him to have made the statement that there are (present tense) agreements to bot license & promote it to their clients (OptionsExpress & TD Ameritrade, that is) UNLESS.... there actually were such agreements. Hence, it is logical to expect there will be PRs to that effect forthcoming.. Anyway, thats what I derived from his comments.
ImperialWhazoo
Man - whoever it was that painted the 100 shares at .16.... way to go. Closed solidly above the 200 EMA which was at .151. Next resistance is the 200 MA at .1734.
Not a bad close, IMHO
Imperial Whazoo
.155 and holding above the 200day ema. very nice. And so far, the volume doesn't show that sellers have arrived. Building a platform for tomorrow it looks like.
Nice.
Imperial Whazoo
Hey - I just realized I'm getting Level 2 on my Reuters Bridge.... usually, it doesn't show stocks in this price range. Cool.
Hey, gang, what better sign that we're getting on the radar screens of the big players? Cool!!
Imperial Whazoo
Yes I do but I never tell. I'm more than delighted to contribute anything but what is private. What I own is private. Sorry man.
Don't you just hate guys like me? We're the ones who fastidiously remove the window sticker from the car before we even drive it home!
GLTY
Imperial Whazoo
Heres what I see in the candles.
Looking back to the high volume day of Oct 5 (4.9 mill), it touched .15 and closed near the top at .143. The resistance turned out to be the 200 day EMA (.1517 on Oct 5). The next day, and the next after that, it made two more stabs at the resistance levels, each time on significantly lower volume.
On Oct 10, it did a hammer, with the tail finding support just above the 50 day MA, rejected it. Volume on the pullback was 613K, or 4.9M vs 613K (12.5% only). The lesson is that this stock wants to go higher.
So to today. Because the pullback on 10/10 was about 72% off of the top of the 2day move of 10/6 & 10/5, it may need more upside volume behind it to both challenge the .16 resistance area and the 4.9 mill volume that day. However, what that tells you is that any pullbacks here are buying opportunities.
Looking at it on a weekly basis, the message is the same, only stronger. The 50 priod MA is .1503 on the weekly. That is resistance. And, we are at 3.9 mill (today being Thursday noonish) vs 7.5 for the week prior.
All told, a little patience. This puppy wants to go higher. It may require a stagger step back, but IMHO, that would be a buying opportunity.
Anyway, thats how I see it. Form your own ideas, though. I could be wrong. Do not make decisions on ideas from some stranger (moi, for example) on a blog.
Imperial Whazoo