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The reason they're excited about the 1/500 RS is because there "seems" to be a rule in this RS that will give a shareholder no less than 500 shares, so some of the bunch on that board bought 1 share at about .15 or .20 in hopes of getting 500 shares at $90. It'll be interesting to see if it happens. The big question is will the PPS hold till their shares are released. Worth a $10 investment for sure.
Still holding, no rush here. May add tomorrow if pps is still low.
There is a 1/500 RS and at the curent price takes it to about $90. It's already showing up in some of the accounts of shareholders.
test
Mariner's Choice will start trading in AMEX at about $90/share.
Nice find, thanks.
LOL!, thanks ottoman. I don't own any but another company I own *may* own some of SWNE. GLTY!
What PPS is SWNE after the R/S, thanks.
Looks like they invested more in MC than in HSC also. From HSC they were supposed to get 50% of the profits. Another old PR...
CARSON CITY, Nev., Jan 13, 2005 (BUSINESS WIRE) -- Biogenerics Ltd. (NQB:BIGN), focused on exploiting and distributing domestic gas reserves, today announced that the Company has formed a strategic alliance with privately-held, Toronto-based Hydro Slotter Corporation (HSC). The joint venture will include Biogenerics receiving 50% of the profits derived from utilizing the company's hydro slotting proprietary technology.
Old PR -
2004.08.25 - Biogenerics Limited and Mariners Choice
Biogenerics Limited has entered into an agreement with Mariners Choice Corp. to fund the manufacture and marketing of environmentally friendly cleaning products specifically developed for the shipping industry.
Carson City, NV (PRWEB) August 25, 2004 -- (NQB: BIGN): Biogenerics Limited has entered into an agreement with Mariners Choice Corp. to fund the manufacture and marketing of environmentally friendly cleaning products specifically developed for the shipping industry.
Biogenerics is currently completing final due diligence of the proposed agreement. The company expects to present a first phase product roll out budget within six weeks. Mariners Choice has developed several environmentally friendly cleaning products exclusively for the shipping industry. Not only are the products environmentally friendly but they are cost competitive and most case superior to existing brands.
Mr. Gary Kelly of Biogenerics has stated that this is just the beginning of ongoing business the company is currently evaluating. “It is our intention to build strategic partnerships and develop strong alliances in various industries”, said Mr. Kelly. Further details will be forthcoming as they develop.
Cautionary Statement: This press release contains certain forward looking statements. Forward looking statements, by their nature, carry associated risks, especially risks concerning the possibility that some or all events envisaged in such statements will not materialize in the future. The Company relies on litigation protection for forward looking statements.
It has it's own board, interesting.
http://www.investorshub.com/boards/board.asp?board_id=9405
Anyone know how much of it BIGN owns?
The last .65 was a Form T after hour trade and is not a closing price.
Nice catch!
.06 x .07
.006 x .0065
.06 - WEEEEEEEEE :)
WRNW - Press Release Source: Well Renewal, Inc.
Well Renewal Accepts Investment Bankers' Funding Proposal For 'Cementers' M&A
Thursday May 31, 9:45 am ET
TULSA, Okla., May 31, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Other OTC:WRNW.PK - News) an emergent, rapidly growing diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services, is pleased to announce that all aspects of its previously announced acquisition of Cementers Well Service, Inc., a privately held Colorado company specializing in cementing services for oil, gas and water wells has accepted a $7MM investment banking funding proposal for the ``Cementers'' acquisition financing from the Irvine, CA-based Investment Banking firm of Hunter Wise.
ADVERTISEMENT
As previously announced (May 3, 2007), Cementers is a Greeley, Colorado based service company providing comprehensive cement related services primarily in Colorado. They are known for their excellent service and are highly respected in their industry.
David Rees, WRNW CEO stated, ``We are very pleased that our investment bankers have confirmed that Cementers is a quality acquisition and that funding, subject to normal audits and due diligence, will be in place to close the transaction on or before the anticipated timeframe.'' Mr. Rees continued, ``Cementers fits perfectly with our strategy of acquiring solid, growing businesses run by intelligent, ethical operators. I continue to be immensely impressed with Jack and Rose Stoller, the founders and managers of Cementers, who will remain WRNW officers and continue to grow their core business following completion of the merger.''
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, and oil field services, and is actively acquiring businesses in the oil and gas industry.
About Hunter Wise
Headquartered in Irvine, California, Hunter Wise Securities is a NASD Broker/Dealer and SIPC Member Firm, which is wholly owned by Hunter Wise Financial Group, LLC. Hunter Wise Financial Group provides mid-market investment banking services from 10 offices in North America and the United Kingdom. http://www.hunterwise.com
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,'' ``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``forecasts,'' ``potential,'' or ``continue,'' or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Well Renewal, Inc.
David Rees, CEO
(918) 585-5101
info@wellrenewal.com
--------------------------------------------------------------------------------
Source: Well Renewal, Inc.
Hi Doc,
Have you looked at the biotech CSBR? OS is 35MM and float is 8MM. About 70% of the OS is held by 3 insiders, the CEO and two oncologists. It's a new company and the i-box contains most of the pertinent business information.
The largest shareholder Dr. Sidransky is one of America's leading oncologists who was a director of IMClone at one time.
It's hard not to wonder how big Ress is thinking about expanding WRNW. From the 5/18 shareholders letter...
"Our goal is to acquire as many quality businesses that meet our criteria as possible over the next several years."
He was in TX last week looking at another service company.
.058 x .06. Someone is trying .058, I tried .059 earlier and had to buy at .06. We'll see if this guy has more luck (and patience) than I, lol.
I just noticed in the email I recieved from Scottrade that this is another 'binding' LOI, it wasn't mentioned in the body of the PR.
PR title: "Well Renewal Signs Binding LOI With Midwest-Based Oil and Gas Cementing Company"
We're getting close to $30MM in revenues if this deal is closed. Rees is turning it into a little Haliburton. It's interesting to see that he is aquiring another cementing company, these companies have nice margins.
considering the source I'm not surprised of the dumb answer.
when you are banned from a board are you still allowed to read it?
I'm a hockey player in Alaska, hope my boss doesn't find out I'm moonlighting.
It's worth having a couple brokers I guess.
Everyone have a great long weekend!
Thanks Frat, I didn't realize anyone was still able to buy them online. I also think it'll work out, just have to wait for the details.
Have they been trading it online all along or did they recently start again.
Thanks.
Vision.
Thanks for the update, it's very much appreciated.
Sorry, WRNW. Rees already has some interest in the leases, so maybe he is further along on the sale then expected.
Maybe we'll get an update on the sales of the leases, a nice sale price should help the PPS.
But but but ... they have all this information and and
LMAO.
Nice job.
Looking forward to see this one develop. Got onboard today at .07.
GLTA
likewise :)
do more dd.
Oil-Services Stocks Gain From Higher Crude Prices
Posted By:Anita Yadavalli
Sectors:Oil and Gas
The current surge in oil prices is good news for some oil services and equipment stocks, according to Terri Campbell, Eastern Investment Advisors Managing Director.
"There's at least 20% upside to these stocks," Campbell said on "Squawk Box." "They are getting pricing power, which is a huge benefit for them, and they have really high capacity rates and pretty high demand rates," she said.
U.S. oil companies are not the only ones requesting oil field services and equipment, she added. Foreign oil giants in Russia and Saudi Arabia are spending more and more money on products that will aid them in finding and drilling more oil.
http://www.cnbc.com/id/18816268
We'll be in good shapre soon, it's nuts to be selling at this price. I picked up 215k today.
Hard to tell, here are parts of the PRs. Seems to be 2 different but similar leases.
TYLER, Texas, Feb. 27, 2007 (PRIME NEWSWIRE) -- Biogenerics Limited (Pink Sheets:BIGN) Board of Directors is pleased to report that its due diligence has been completed on the Central Louisiana Oil Field reported in its January 22nd Press Release.
The Company's independent's engineer report has verified reserves on the lease of 1,080,970 bbls/oil gross reserves, and this transaction was based on an initial reserve analysis of 880,000 bbls/oil gross reserves. This results in over 200,000 bbls/oil gross reserves more than expected and the purchase price is not changed with this finding.
In addition, the Company's management was present at the recent re-opening of the initial 10 wells of the 27 total wells that have been retrofitted with the new Grundfos down-hole submersible pumps. The expectation of these pumps was to increase production on a low maintenance cost basis. The results were these 10 wells increased in production by 25%, and now the expected monthly production from the entire lease is projected to be over 4,900 bbls/oil/month. The Company now projects that this transaction will result in net operating revenues annually of over $2,000,000 before the transactional costs of this opportunity.
-----------------------------------------------
Jan. 22, 2007 (PRIME NEWSWIRE) -- Biogenerics Limited's (Pink Sheets:BIGN) Board of Directors announced today that the Company has entered into a Letter of Intent to purchase an operating oil field in central Louisiana. This transaction is separate from the Joint Venture Transaction -- East Texas Oil Field.
The central Louisiana oil field is comprised of approximately 65 acres, more or less, and it currently has 27 operating oil wells and two salt water injection wells with, one other salt water injection well to be drilled per the agreement. The oil field has been completed with the most recent technology involving down-hole submersible pumps. All pumps are brand-new Grundfos submersibles, connected with "smart drives" which allow the field to be managed using the latest in proven computer technology. These wells operate at fluid flow rates of 500 bbls/fluid/day each resulting in oil production historically at the rate of over 4,000 bbls/oil/month. Management anticipates the wells will settle into a production rate of 4,500 or more bbls/oil/month within the first few months of operations. This production of oil is graded at a gravity of 22, which is highly sought after by refiners for the production of asphalt. Currently, the oil is sold under contract to a major purchaser of oil in the area and is reaping a premium over the PLATTS published rate of $2.75 per bbl. The leases pertaining to this asset involve a 25% landholders' lease royalty, therefore, the 100% working interest in these leases results in a 75% ownership of all production.
---------------------------------------------------------------------------------------------
Jan 11
If successful, the Company will receive, as its part of the Joint Venture transaction an operational facility located in Central, Louisiana, that involves 30 working and active wells that will produce over 3500 bbls/oil/month which will be free and clear of all debt. This field has a Geologist Report showing its current value being in excess of $13 million. This project will produce an annual net income in excess of $1,800,000. In addition, the Company will receive a cash position of $4 million for further investment in the oil and gas industry via "Farm-outs" and direct working interest investments.
In summary, if concluded this joint venture transaction will place over $17 million of economic asset value into BIGN with no debt and a joint venture association with the operating company of the East Texas Oil Field for future business associations.