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Thanx songbird & allie -
I think I'll take you up on it and begin to blog there on Spooz blog.
I have a feeling that the more he hears it, though, the more weight there will be to the idea of going first class all the way. I mean, I am a bit of an artist and I actually love the advertising content they have on TradersNation... not the victorias secret ads, so much, but the Cooper Tire add in black & white (aka Ansel Addams) and the Jaguar ads in black & white, too... I mean, the ad director crayons outside the lines and knows how to get a glitzy rich man look.... energy & verve & excitement.... I just think this is exactly how Spooz needs to connect to users.... as a sexy usable, alive product for everyman.
Anyway, I'll rant on the blog this weekend. But, in the mean time, why not have this idea multisourced? Can't see the downside.
Anyway, spooz it or looz it!
Imperial Whazoo
Oh... BTW.... I tried to call in and do the 866 toll free talk thing... mn1 doesn't have their act together and they were apologetic but couldn't pull it off. So, I left a pumper question or two, but they never conveyed them to Paul. I watched the whole thing and kept hoping to hear my question get worked into the conversation. Never happened. To be honest, getting thru on TradersNation never is a problem. Thats what I'm talking about, above even the glitz & verve... they are just more professional on TN and I think it would serve Spooz well.
I'll shut up now... preaching to the choir,... that kind of thing... sorry.
GLTY
Hey gang -
Paul did well but the quality of the broadcast left a lot to be desired. IMHO. Not a deal killer, though. 75/25 on the upside, if you ask me.
Last week I patched together a post (#7494) regarding broadcasts on the internet and now that you've seen mn1.com, I think it might be worthwhile to check out the best of breed out there:
http://www.tradersnation.com/television.shtml
I really really really think that spzi would benefit from getting on TradersNation. This isn't to criticize mn1.com. Despite the herky-jerky quality, it was a great thing for Paul to have done, but there is all the difference in the world between the professionalism of the broadcasts on TradersNation and the ones such as we just saw on mn1. I know because part of my daily routine is to listen to the broadcasts to which I gave out the links on my post (#7494).
Spooz is a class act product. I've been in it forever, it seems. I'd have to check when I first took the plunge and I'm long term, too.... not trading it. Looking to add. And I trade thru TD Ameritrade, too. And I program in VBA. I'm onbard in every way, let me tell you. Thats whay I'm so rad about TradersNation... I think getting on it will generate huge interest and ultimatly help Spooz bottomlin... and share price.
So, Spooz deserves the very best broadcast that is aimed at people who trade. I'm just trying to tell everybody that mn1.com is fine but the way to look 1st class all the way is TradesNation. So, FWIW, it really would behoove anyone who has Paul's ear to tickle it about this. First, check it out for yourself (10 AM to 11AM Central, weekdays). Then make up your own mind. Then, if you agree that getting Spooz onto a 1st class professionally produced program like TradersNation would serve the interests of growing investor awareness of Spooz, then somebody needs to be a bug in Paul's ear about it. Maybe he will listen to me if I post on the blog, but I also think hearing it from folks he knows and already respects might work better.
Anyway, go Spooz. Liked it on mn1 and looking forward to the next few months.
GLTY all,
Imperial Whazoo
Does anybody know what you put in on the "Main California Oil and Gas Search Page" (http://opi.consrv.ca.gov/opi/opi.dll/Search?UsrP_ID=100051369&FormStack=Main%2COperator&Opr_... to see the Grimes properties?
I want to look at them all and I thought it might be a good habit to check in on that site once a week. As lethargic as BIGN is on telling us about their successes out there, it occurred to me that (Ha Ha) the info on #3 & #4 might just show up there before they bothered to tell us about it.
Imperial Whazoo
thanx fratboy -
Hey, now thats a good sign!.... I looked down to take a bite of my salami omlette and looked back up... everything on my board turned green. Nice color, green!
Also, BIGN shares first trade today was 25K down but the next was 40K up. Just ike yesterday. And no mirroring by the MMs.
AND... and as I type, there it went to .0155 on 100K.
And now .016. Heck, at this rate, I'll neither ever finish this post nor my onlette.
Green is good. Up is good. I like up.
Imperial Whazoo
Thanx futr -
Say, could you point me to where exactly Rowe is to be found on the Institute's site. I must be blind but I couldn't see it.
Second, have you checked out that map they sell, "Oil & Gas Pools Map of Southwestern Ontario". Its $185 Canadian (I don't know what that is is US $) which is a tad steep, but it might show where the Rubicon stuff was/is and where all the Lake Erie holdings are. I bet it shows that Talisman Horizontal Well.
Anyway, what page is Rowe on?
Imperial Whazoo
Joe -
I wasn't on the board back then. Had shares but wasn't bothering with posting.
How much similarity is there between the info of these two people?
And, could somebody fill me in on what AJOR did to get him banned? He wasn't as insulting and out of control as arch, was he?
I haven't spent my time yet on the stuff that got tossed out there today by tyler. I'd really like to have a summary so I don't waste my time on it if its tripe. I'm working on a new screening sentance on stockfetcher and, if the stuff today can be summarized it sure would be a better way for me to spend my time.
And, if you read my posts, you know where I stand. I try not to be a basher and also not a pumper. Balance... weigh it all out, then make a decision. I was going to dig into this tyler info if I ever got time, but I pretty much made my decision a while back. As far as I'm concerned, BIGN is worth owning at these level and thats where I stand.
Thanx in advance,
Imperial Whazoo
hey endub -
I don't have an account with Stockhouse, so the link dies when clicked. How about a cut-n-paste or a description.
Thanx
Imperial Whazoo
Hey wing - Do you know what time the interview is tomorrow? Im in the central time zone.
Thanx
Imperial Whazoo
hey eatme -
Don't be too upset. It ought to actually please you that, despite the negatives in tyler's comments, it hasn't damaged the price.
Here's a candlestick comment: I use realtime from myTrack thru AIQ, and their display is a tad offbeat but here's what it shows:
1 minute candle at 12:38 PM - volume 511667 and it represented an up move, starting the 1 minute candle at .014 and ending at .015
1 minute candle at 12:39 PM - volume 229890 and it represented an up move, starting the 1 minute candle at .0145 and ending at .0152
1 minute candle at 12:40 PM - volume 210000 and it represented an down move, starting the 1 minute candle at .015 and ending at .0145. Noteworthy is the fact that the down volume was 531,557 lighter than up volume (down volume only 28% of up)
1 minute candle at 12:54 PM - volume 101200 and it represented an up move, starting the 1 minute candle at .014 and ending at .0145
1 minute candle at 1:14 PM - volume 166660 and it both started and stopped at .015
1 minute candle at 1:30 PM - volume 115000 and it both started and stopped at .015
As far as I can tell, since tyler's post, there have been no other transactions of greater than 100000 shares and it appears to me that those that are covered above all hold up well as examples of strength in the stock.
Also, if folks will recall even as recently as last week, there was considerable evidence that the MMs were mirroring trades. I see no evidence of this here.
So, just make up your own minds, except in some cases, where there isn't enough evidence available to reach the conclusion that there is even a mind to be made up.
Viva la revolucion! To each his own.
Imperial Whazoo
You teach every time you utter a word, man. Thanx bigtime.
One question: Has the Romanian rig shipped yet? If so, is it in place? Held up in customs? What is the status?
Another thought: It could be considered off topic, but if you have an ear of anyone at KING, why don't you suggest that they post well drillig dailies like Zion oil does on their web site. IMHO, doing so adds considerable value because it unashamedly trumpets the work as it is being done.
Imperial Whazoo
No kmx-swing!!! Not the Dallas theme! Please.... anything but the Dallas theme!! (ROTFLOL!!).
I haven't had time. If you'd step thru your resaerch steps in public so everybody can scrutinize you thought processes, it would buttress your post and simultaneously help everybody else, in that I presume they are busy like I am.
If you are right, its explosive news. If you are wrong, you only suffer the indignity of having people doubt your future posts. That part is up to you.
I neither trust nor distrust you. I don't know you at all. At least you're not like cuban, attacking simply because its easier than doing any work.
I'll get to your post later. I'm in 10 other stocks right now and I don't have time to do anything at the moment.
Thanx though. Even if you made a mistake, its only human. And if the sky really is falling, we all owe you a debt of gratitude. As for me, I'm still in. Haven't sold a share.
GLTY. Post a "research link" chain for all to see and then let everyone make up their own mind. Thats what I recommend.
Imperial Whazoo
Oh, and cuban -
If you bothered to read, the net net of my DD was to conclude that BIGN was a good investment. Good investment... going to fast for you there, pal?
See... research the facts, think about them, draw conclusions. If you buy into the concept of a discussion board such as this one, lay it out for others to see.
I make my living day trading. To the extent it is helped by a discussion board such as this, I'll do my part. If you give, it has a tendancy to come back to you. So, I lay out a post with considerable care. futrcash pointed out a flaw in my reasoning. We chatted about it back and forth and I conceded to some of what he was saying. Those were all public posts. You are welcome to read them. If you have the horsepower, you are even welcome to add something constructive. Its called a discussion board.
Imperial Whazoo
I haven't sold a thing, pal. Not one share. PERIOD.
Tyler is on his own. Never met him. I didn't ask him to send it to me and I have yet to get to it. Don't know if he's honest or not. Don't know you either. Don't know if your honest. Don't care.
Read the DD I took a great deal of my time to post. Its post #17499. Check the links in it. If the links are honest, I think it tells you I'm honest. If they are bogus, it tells you I'm not honest. I know it stands up & that why I posted it. This is a discussion board. I took my time to create a post that was supported by public info and I pulled it all together, taking my time to do so. It thus becomes a basis for legitimate discussion. Not bashing. Not pumping. Not anger. Not insults. Discussion. You do know how to have a civilized discussion with other adults, don't you?
The DD in post #17499 is public info. If you know how to do something constructive, try piping down and reading the links embedded therein. If you have even a rudimentary grasp of the English language, I suggest you use it in constructive ways. Read post 17499, for example. That would be a constructive thing to do, IMHO, but its your life.... do as you please.
I think that a discussion board works best when DD is done & shared. Let the chips fall where they may. I favor doing constructive things like helping other people with honesty and integrity as opposed to yelling and screaming and calling it thought.
I decided that it served the interest of the board to post my DD. I thought it might further discussion. If you don't have what it takes to do that, thats your shortcoming. Just try not to insult everyone you disagree with. Its actually OK to hold differing opinions. There is no need to act like a spoiled child.
Its your money, I don't care what you do with it.
Imperial Whazoo
Hey cuban -
Go to my post 17056 and read it. Look for item #7.
Then go to my post #17499. Raed it.
Also, I created a database system for managing division orders that was used in our oil business from 1980 to 2003. I kind of know a thing or two about it. In some of those years, we represented upwards to 300000 oil & gas properties in about 40 of the 50 states. I know a thing or two about division orders and about oil & gas property databases.
If you think I'm just mouthing off, you need your head checked (LOL!!!). I don't have any requirement of taking the time to post my DD on the board. I do so to help everybody, even those more interested in challenging good DD than in researching its bona fides.
GLTY... and do your reading before firing off knee jerk reactions.
Imperial Whazoo
Typically, the division order on a property is a 7/8 1/8 document. 7/8 is .875 and it represents the working interest. From this interest, expenses on the well are paid. The operator generally owns this interest, or more precisely, he owns the majority of this (typically). After expenses, the 1/8 gets income stream. 1/8 is .125. Royalty owners get paid their royalty checks according to the interest they own in this portion.
The deal BIGN cut to do the wells in Grimes grants them 80% WI until expenses for the workover are completed. After that, their WI reverts to 40%. From this, but not being privy to the diviasion order it it impossible to accurately say, it can be deduced that ROYL (the most likely candidate for being the entity for whom BIGN was performing this workover on these long plugged & abandoned wells) owned the .875 WI, and that what they did wat retain 7.5 and temporarily "lend" BIGN 40% above the base 40% BIGN would get if they successfully reworked the well. So ROYL starts out with .875, lends BIGN 40% to cover costs and deeds 40% permanantly to BIGN if the rework is successful. After exoenses, the WI breakdown reverts to 47.5% to ROYL and 40% to BIGN. As Hydroslotter and BIGN have a JV, BIGN's portion of this 40% is 20%.
Had the well not been successful, the existing production BIGN had elsewhere apparently is security to cover a loan from ROYL to finance the expenses. This is where the deal is muddy: in effect, ROYL gets 8.5% interest rate on the money that they loaned to BIGN for BIGN to use to rework the well. It appears to me that BIGN agreed to pay 8.5% to borrow 40% of the WI with which to repay the loan that they secured with existing production. ROYL in effect looses use of the 80% but remember that they were not getting income from any interest they had in this well because it was P&A (plugged & abandoned). They have had to continue to pay property taxes on this dead well every year, so until they cut this deal with BIGN, this P&A property was a liability to them. BIGN borrows from ROYL to rework ROYLs well and agrees to pay ROYL 8.5% for the right to do so while at the same time tying up existing income producing properties elsewhere in order to take the risk. Thats the deal as I see it. What I want to know is whether the money BIGN is using to perform the rework is borrowed (thus firmly linking ROYL to their income stream from other wells elsewhere) or whether the work was financed out of pocket. If they borrowed at the 8.5% rate way back when they began, then presumptively they have been having their income stream attached ever since. On the other hand, if the rework was financed out of pocket by BIGN, then the costs of the delays at Grimes are not as high. Until and unless we get transparency, we will never know. As of this moment, all I'm doing is thinking out loud along the fault lines of the deal.
Back to the matter of the .875/.125 interest setup that is the norm for the industry, the fact is that division orders more frequently than not contain all kinds of deals in them. It is unusual for the .875/.125 to actually be the setup. It is not unusual for there to be ORIs (Overrides) & PP (production payments) and all kinds of things. Without seeing the division order, it is not possible to know how the interest is actually split up on any given well.
Imperial Whazoo
Hey tyler
Got your 2 PMs. I need contact info to do what you ask since I am not able to send PMs myself.
Thanx
Imperial Whazoo
Hope you are right.
There's a guy on the Spooz board whose handle is tchauncy. He is a former MM insider & current day big time player in pinkies. When you read his posts, its like a graduate scool class on trading. By chance, was your source for your observation commenting with anything similar to tchauncy's experience behind his comments? In general, I guess I'm nosing around to see if there is more info behind it so I can add it to my memory banks, like an additional ingredient to the overall mix that I mull over and reflect upon.
Just thought I'd ask because I'm ever on an expedition to learn.
GLTY
Imperial Whazoo
Thanx allie -
I am an avid internet radio/TV listener. Its part of my daily routine. As a matter of fact, here's my daily routine as regards listening on the internet:
7AM-8AM Central time - Leo Leyden "Financial Focus" http://www.moneymattersradio.net/
9AM-10AM Central time - Tom O'Brien "The Opening Growl" http://www.tfnn.com/listen_live.php
10AM-11AM Central time - Kurt Shemers "Trader's Nation Television" http://www.tradersnation.com/television.shtml
3PM-5PM Central time - Tom O'Brien "The Tom O'Brien Show" http://www.tfnn.com/listen_live.php
5PM-7PM Central time - Marc Mandel "Winning On Wall Street" http://www.radiocoloradonetwork.com/
My reason for telling you and the board of this is not vanity but rather to try to convey that there is weight behind the following opinion (otherwise you have every reason to consider it just an uninformed opinion). Here's my opinion of MN1.com - It is a good broadcast and it is good for Spooz to be on it on Thursday. In fact, it is but a short distance from where I live (in Dallas). However, in my opinion, Paul needs to pay to be on Traders Nation Television, pronto (in addition to MN1, that is). As an avid listener and informed critic of the types of financial programs I am referencing, I think Trader's Nation is far and away the most professionally produced. It is fun. It is lively. and it is really a very professionally produced daily broadcast. IMHO, it would be well worth Pauls time and money to pay them their pound of flesh and do one of their 20 minute interviews.
By the way, Tom Allender (one of their regular on air personalities) has already voluntarily mentioned Spooz as a watch list stock, so they are already primed to accomodate a paid interview that serves as a publicity piece. So, please check it out yourself and form your own opinion but I listen every day (just about) and I think Trader's Nation is the premier venue of tis type for publicizing Spooz the most effectively.
Thanx
Imperial Whazoo
This is not to question your honesty... I might have a party interested in the Texas properties if they are, in fact, for sale: So, please inform the board regarding exactly how you know for a certainty that the Texas properties are for sale? Is it a rumor or is it fact? And assuming it is fact, how is contact to be made to get in on the bidding?
Imperial Whazoo
In essence, to put it in terms familiar to those of us familiar with object oriented environments, a Grey Box System is an object oriented Black Box System. You can access and adjust the instanciated things in the Black Box System, much as you can control a machine through its user interface. A Grey Box System is like an active X control for or of the Black Box System... or something like that. Right?
Imperial Whazoo
Thanx futr -
I did that in this case because I got tired of things being posted that, to counter, all that was needed was to post the items on the PR list.
Heres what I think: the companies lies by deliberate omissions, by obfuscation, & by carefully crafted cunning phrasings.
I doubt BIGN is any different and I also doubt Hydroslotter is either. After all, BIGN is a venture capital firm. Whose money do you really think they intend to maximize and protect: theirs or ours? Duh!
If they want, either (or all) of these entities could do like KING or IHDR or Spooz or Zion Oil. These are companies I am both invested in or actively following who make it their policy to define clarity and transparency with themselves being the poster child.
Check out the running dialog with the president of Spooz over on that board and read his response to my "For Everyman" post. Hello Lancaster... Hello.... anybody home? Bonhomme... you there? Hello? Hello!??
I guess thats off topic, but its not. I'm only trying to do my part to make BIGN a better board. But I'm not being Sant Whazoo in so doing. In the end, I'm selfishly helping myself, or I wouldn't be doing it. But if I do it honestly and with integrity, calling a spade a spade, bashing if I think they are wrong and pumping if I think it is appropriate, there isn't much else any of us can do.
I hope Hydroslotter & BIGN keep their relationship intact. In fact, I hope it gets strengthened. I hope Exxon buys them both for a billion dollars! Maybe the sun will rise in the west tomorrow. Who knows.
So here's what ya do: Keep it on the right side of the road. And "come back to us Barbara Lewis Hare Krishna Beauregard" (John Prine, 1971).
Imperial Whazoo
You got it.
Now, I'm off to watch a program with my lovely wife on the telly.
See ya down the raod, Jack!!
Imperial Whazoo
Oh, and let me just say I no longer think the ownership is 50%. And, I think you have some considerable weight behind the notion that there may be no actual ownership. However, there is more to it than a simple friendly deal that expires with Grimes. You don't get 50% by smiling sweetly and pursing your lips. BIGN has some skin in the game and it ain't a peanut butter and jelly sandwich. 50% means muscle and muscle means influence and the continued boilerplate verbiage ain't chopped beef. this is an ongoing deal and it has some real meat to it.
If that aint the case, then they need to release a PR. If they do that, I'll join with whoever is singing the real truth the loudest and sing it in three part harmony.
Imperial Whazoo
Thanx futr -
Again, I never doubted an investment was made. As I said, it was common sense. And independence is not the issue. I maintain my insistence that, to get a 50% JV, there is a substantial relationship. This aint casual sex!
Oh, and I already had that PDF in my file. Accessed it long ago. Which is the point. It is far from current. Hence, it does not serve as a basis for the conclusions that I challenged. It does not serve as a foundation for making current conclusions regarding the relationship, either confirmatory or otherwise. And in that BIGN has not troubled us with any kind of current numbers, it is doubtful that the unchanging verbiage of their boilerplater means anything different that it originally did. And, there remains absolutely no evidence that the relationship is limited to only the Grimes endevour. Quite to the contrary, it is spoken of in the plural (JVs not JV) and references made in every PR tend to support the conclusion that it is ongoing.
I would not be surprised, given the preference BIGN and all associated with it have always shown for "uninforming" the interested public, if your basic goodness isn't being toyed with in cunningly contrived phrasings to lead you to beleieve something other than the absolute truth. I must confess I don't have your basic goodness. When somebody tells me something that doesn't jive with what common sense and logic would otherwise cause me to conclude, I must confess I generally side with logic and I tend to doubt what else I'm being told. Maybe its just me.
I don't think it ends with Grimes and I don't think anyone gives a 50% JV simply because they are being friendly. Release a PR showing me I'm wrong and I'll change to that tune, but till then, I'm sticking with what I've deduced thusfar.
GLTY
Imperial Whazoo
Yeah, I'm around and no, I'm not either of those guys. I am what I am.... I'm Popeye the Sailor Man (Toot Toot!!)
Imperial Whazoo
Hey waverider -
I'm onboard with you fully in agreement.... but tell me, why 9 days? Is there a body of experience behind your selection of 9 days? I'm not challenging you, really. I honestly want to suck your brain dry for a secret you might have so I can apply it elsewhere and in other circumstance if it fits. So, why 9 days?
Imperial Whazoo
I have to take issue with you about your post, which contained this exact statement: "There are no notes with respect to hydroslotter outside of the mention of the ongoing joint venture in Grimes at present."
I want everybody to go to http://www.bignltd.com/pressreleases.html#
and read for themselves the words that directly cotradict your assertion:
PRs dated
2006.10.03
2006.09.19
2006.08.23
2006.08.02
2006.07.26
2006.07.20
2006.07.12
2006.06.05
2006.06.01
2006.05.30
2006.05.25
AND SO ON AND SO ON AND SO ON!!
In point of irrifutable fact, the JV between Hydroslotter is still proudly and boldly trumpeted in every PR, even the most current PR! Here is the exact wording taken from this most recent PR:
"Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with WW Energy, and Hydroslotter Corporation."
Quite apart from there being, as you erroneously assert, "no notes with respect to hydroslotter outside of the mention of the ongoing joint venture in Grimes at present", there are, in fact note after note after note. Every single PR they release (few though they be) contains ample evidence that the JV is both alive and kicking. And furthermore, there is not one jot or tittle of evidence that this JV, repeatedly proudly trumpeted as it always still is, was ever limited to only the properties in Grimes. In fact, it actually says "joint venture activities" (PLURAL.. not a lone JV at Grimes).
Now, to be fair, you are right that the original PR (dated 2005.01.14) does not say they own 50% but it also does not say there was money invested in Hydroslotter at all. It seems somewhat arbitrary and incongruent to, on the one hand accept the idea that is unsupported by even a single word while repudiating as simply untrue an idea that may be a misreading but that, at the very least, has verbiage supporting it.
For you to favor a version of this issue that accepts that there was an original investment made when there is no evidence of that while simultaneously rejecting a conjecture that there is quite a lot to the 50% income stream that speaks of a real tight relationship of some kind.... well it just strikes me as odd. I do not doubt that some kind of investment was made because it is just common sense, but there is no wording in that PR relating to such. There is wording relating to a 50% income stream. Quite apart from there being reason to accept an original investment having been made and rejecting an ongoing JV, I think the exact opposite is true. So, I don't agree with your assertions, absent evidence. You are entitled to that conclusion but I think otherwise.
For the benefit of all readers of this post, here's my buttressing reasoning, by the way:
I owned a software company for 15 years and it was a private company. I've been in dozens of JVs, on both sides of the table. Being a closely held private company, I will tell you flat out that, to get me to give you a 50% margin, your going to have to have some kind of muscle with which to leverage me. And, when I was on the BIGN side, trying to cut a deal with some other entity for the highest margin I could get, the best I could get out of anybody was a 45% margin. JV deals typical started at 25% and they scaled up to a max of 40% only if and when certain performance targets were attained.
So, when the only PR on the subject states in plain terms that BIGN is to get a 50% margin, my 15 years of doing JVs tells me that BIGN has some muscle with which it leveraged Hydrioslotter. Furthermore, since the verbiage remains uniform & consistent even to this day and given that no repudiation of the original 2005.01.14 PR has ever been proffered, I don't think there is one shred of evidence supporting your assertion that the JV is limited to Grimes or that it is limited to only to JVs BIGN finances. It may be the case, but there is simply no evidence.
You are entitled to that believe this if you wish and if Hydroslotter or BIGN wants to become transparent on this so that we know in actuality, then I am ready, willing and eager. But I don't buy it. Between deductive reasoning built on common sense & experience, and the fact that the PRs still refer to this JV in the plural tense, I think there is ample reason to conclude the JV is not limited to Grimes and that there is some kind of ownership position with which BIGN was able to obtain an extremely attractive margin. I can't prove it 100%, but thats what I think and why I think it... and its not rank speculation, either. Its logic.
Now, lastly, to be clear, I have no problem accepting everything you say if it is buttressed with evidence. My point is simple: the evidence leads to a logical conclusion that the JV is still alive, that some kind of investment had to have been made, and that a whole lot of muscle was in play to leverage a 50% margin out of Hydroslotter. It may not have been 50% ownership but it was muscle and nothing has ever been released that contradicts the original PR on which these conclusions were based. Quite to the contrary, we have the continued presence of the mention of the JV in the boilerplate language of every PR, few though they be.
Sorry man. I can't agree with you unless and until PRs relevant to this are issued. When that is done, I hope they will be transparent and informative. That way, issues such as this will not be issues any more. I'll jump like a Mexican jumping bean to whatever the facts tell me. Just give me facts.
GLTY
Imperial Whazoo
Yeh! I fail to see what damage they did. I thought it kinda like that Sowthwest Airlines commercial that in a repication of the last day of the school year when we were kids. The bell rings and the happiness at being out just sweeps everyone up. I fail to see harm in that.
Imperial Whazoo
Yeh frat -
You did a good one catching that comparison. I was in GSHF back then. They remain on a watch list I have called "Alternatives".
Back to BIGN, I liked the price action involving approx 505K shares at about 1:30 Dallas time. I hated the slam back on only 1000 shares to .015. I loved the paint at the end. Pitty they couldn't have painted at .02.
And, since the subject is companies that are related, I have to say I was less than impressed by the action of WWNG today.
I could have bought some more and I'll probably regret not having done so because it spent a lot of time at .043. Oh well. 20/20 as they say.
Imperial Whazoo
nice point... but did you also notice that at 2:44, all it took was 1000 shares to slam it back down to .015? Nice paint to .019, whoever that was, by the way. Thanx a whole lot.
Imperial Whazoo
Here's why I jumped on this issue nosey -
I'm playing defense, not of my post, but against the MMs out there who have a vested interest in bashing this stock. BIGN has played right into their slimy hands. BIGN, by not being readily accessible, has given bashers and MMs ample opportunity to create confusion and doubt on this board. The fact is, there is no better board for BIGN than this one at IHUB. Period. So, if there is going to be a raid on this stock, we are going to see it happen here.
I really have nothing to protect regarding my post. It is what it is. If you want to get me mad, compare me to arch. You do that and I'll be all over you like a hair shirt.
What I am saying as regards the question of ownership by BIGN (of Hydroslotter) is that I think it bears saying out loud that the official statement was made by PR relase thru official channels and, accordingly, any info that purports to attest otherwise that is not from a comparable source ought to automatically be suspect.
If BIGN doesn't sit on Hydroslotters board and if they actually no longer hold the ownership position they officially announced via public PR, then I'd be the first to demand to know. You don't have to look hard at all to find a post by me where I'm screaming about this ridiculous lack of transparency.
What I don't think is even remotely helpful is giving a basher... ANY BASHER - the smallest crack through which he/she can pour poison into this board. So, the only offense I took was that it appeared you wanted a reported conversation to serve as info to refute my post of the official PR regarding BIGN owning a big chunk of Hydroslotter. I'm against that, not to protect the vanity of my post, but for the reason stated above.
Thats my position and why I took umberage to your actively seeking the refutation of this fact. I think it is giving bashers a toe hold that they shouldn't be given.
GLTY etc...
Imperial Whazoo
Hey nosey -
Heres what will close the door on my pointing out the absolutely clear wording of this PR:
"http://www.bignltd.com/ -
2005.01.14 - "Biogeneric forms joint venture" Summary: BIGN formed a joint venture with privately-held, Toronto-based Hydro Slotter Corporation wherein Biogenerics receives 50% of the profits derived from utilizing the company's hydroslotting technology."
Have a company release PR put out there for everybody to see. Fact is that any basher could report that they had such and such a conversation with such and such a person and guess what, BIGN doesn't really own any of hydroslotter and you should all dump your shares right this minute so they can be scooped up for a song.
Go ahead and impress the board by obtaining such a PR refuting the only PR out there relating to ownership of Hydroslotter by BIGN. Fact is, any basher could whip out his/her trusty old Microsoft Word and slap together a fake report that caused the weak hands to panic. So, if the companies don't generate a refutation via official channels, I'm not impressed.
And answer me this, nosey? Why your pell-mell sprint to "refute" my post? It would seem obvious to me (and I'd think just about everyone else out there) that the fact that BIGN owns a chunk of Hydroslotter is supportive of the longs and of the future hope that this stock will be a huge winner for all of us? Why do you want good, supportive info to be "refuted"?
Hmmmmmm????
Imperial Whazoo
That Everyman post was my doing. I'm a Jackson Browne fan, to tell you the truth, and the melody kept perseverating (wooooo!!! big word, mista!!). I really like the rhythm break in the bridge... crank it all the way up and put on your dark shades!! OT: say, did anyone but me catch that John Prine program on NPR over the weekend??
Anyway, I am very pleased to see this post. I am Everyman and Everyman is me. Everyman needs Spooz, baby! Everyman needs Spooz!
Hey, maybe you could do an ad campaign with that tune as the perseverating melody (theres that darn big ass word again!! Hint: the etymology of perseverating is the same as persevere) Anyway, I'm really excited by the answer but I was planning to use a dual processor motherboaard in hopes of lightening the Excel load? Will this architecture improve the performance any or not? (In addition to being a Jackson Browne & Robert Earl Keen fan, I'm also a professional dweeb in the PC hardware arena).
To Everyman!!!
Thanx,
Imperial Whazoo
Hey tchauncy -
That was me. I finally traded out another I was doing and part of the reason I went ahead & traded out was that I had my eye on KING. I'm also pretty disciplined. I try to set a 1.33% gain on some that I typically do as a day trade. When this particular one hit my target and stayed slightly above it, I watched its volumes and decided it was faltering. Thats when I typically sell.... just before it starts to fall. So, I freed up some $$ and moved into KING. If my other stock had behaved better, I'd have bben buying it at .0925.
Another subject: I am not a newbie but I have never comprehended the manipulations you explain time and time again. So, at the risk of being lampooned, would somebody take the time to explain how all you well placed experinced bigtime players seem to know with such certainty that there is a shorty out there? I mean, I've been into buyins.net for months now and I get it but what I don't get is how it can be discerned so easily by the experienced hands out there? What exactly is the tell, as they say in poker?
Imperial Whazoo
Thanx starboy.
I'll tell you one thing. It sure would save me a whole lotta trouble, though, if this company could be convinced to become transparent to its loyal shareholders.
I still favor a steady barrage of polite but firm e-mails to convince them to open up from here on out.
Imperial Whazoo
Thanx fratboy & GLTY:)
Imperial Whazoo
Thanx tyler -
I don't think Tyche is an absorption vehicle. I think what we have been seeing is the creation of distinct but related enteties: Tyche the land bank, BIGN the holding company, WW the exploration/well reworking vehicle and so on. If anything, if ROYL did try to trick Smith & Kelly with a bottomless cheap purse, I'd imagine the venture capitalist boys don't need to be told twice about the danger entangling deals present to their plans. So, I'd be very surprised if the LOI involves consolidation. If your boat is buoyant because it has multiple floats, it can still survive even if some are damaged. I expect the separate entities to remain the pattern.
From a corpaorate viewpoint, it never made sense to me to spin Tyche out of BIGN at year end 2005 only to use it as an unberella under which the others get consolidated in 2006.
The separate Tyche USA & Tyche Canada may be evidence of something meaningful. I haven't figured that one out yet but I do know Tyche USA is here in Dallas and that they have let the cat out of the bag about being the land bank entity.
Imperial Whazoo
oops, bad formatting: Heres the reference formatted more readably:
(7)
Formed a joint venture with privately-held, Toronto-based Hydro Slotter Corporation wherein Biogenerics receives 50% of the profits derived from utilizing the company's hydroslotting technology.
2005.01.14 - "Biogeneric forms joint venture"
STATUS: N/A
See my post # 17056, item #7, to quote:
(7)
Formed a joint venture with 2005.01.14 - "Biogenerics
privately-held, Toronto-based forms joint venture"
Hydro Slotter Corporation
wherein Biogenerics receives
50% of the profits derived
from utilizing the company's
hydroslotting technology.
STATUS: N/A
Original source: http://www.bignltd.com
No evidence has ever been presented in any forum of any kind that contradicts this info. So, since my thought is based on a fact that everyone can see for themselves, how about you enlightening the rest of us as to why you think Hydroslotter is not owned 50% by BIGN?
If I were a basher and wanted to nurture doubt in the minds of shareholders to cause them to sell so I could snatch up their shares, it seems logical that I'd try to create a disconnect between BIGN and its apparent control of this valauble revolutionary technology: hydroslotting. Until somebody demonstrated conclusively that BIGN does not still own a chunk of Hydroislotter, I will remain convinced that they own it.
And, if those wanting to create doubt have their way, one of the weight bearing legs of the value of BIGN is hydrostotter ownership. If a basher can undermine confidence in this, they can bring the value of BIGN down and snatch the shares of the weak hands. So, thats why I've made such a point of noting BIGNs hydroslotter ownership.
Again, if you have anything on this, I'm sure the board would just love to examine your evidence.
Imperial Whazoo