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You know the answer to that.
There's a blockade at .0013, but it's half what it was yesterday. NITE is the only buyer at .0012, which means (based on yesterday) he's going to sell at .0011 later.
.001-.0011, maybe.
Without news this is about what we should expect with the way the week has gone so far.
Told ya so.
Early L2 looks much the same as yesterday around 11:00.
NITE is the lone buy order at 12 for the 2nd day. This reaks of collusion, but whatever.
There's a long line of buyers at 11. Three sellers at 13.
Yesterday, my thought was that they were going to sell everything at .0013 that they'd been buying at .0011 and .0012 earlier that day. I wouldn't be surprised if we dipped to .001 today and then they tried to create new seller blockade at .0011.
Yesterday, I got out at .0012, trying to get back in at .0011 with 300K extra shares for the money.
LET THE FINAL PUMP BEGIN!
Source?
I'm not impressed. Looks like spam.
No, I've been in similiar situations at work. Eventually, you just get tired of answering the same question over and over again with "I don't know. When I do, we'll let everyone know."
So you stop answering the phone.
Well, there are two kinds of flips. Right now, L2 looks like all the guys who bought at .0011 and .0012 are lining up behind the .0013 line, but they're not getting a lot takers.
There are also people who've gotten out and are waiting for the right price to get back in.
The two forces appear to be negating each other at the moment, which is why the price isn't moving. However, I kind of think that we'll have an afternoon like we did yesterday.
Close at .0011 or .001, maybe?
Not one trade at .0013 yet. Doesn't look like it's going to hold.
oh well.
It's looked like that the last three days. We may move up briefly, but it'll be back down soon afterward.
Tell Karen to release what they have now, and release what they get next week, next week.
We're dyin' here!
Citizens is only going to buy what they can sell.
The thing I've been looking for is(and if anyone can find this, we can get a better projection when we finally have our numbers) consumers don't use the same amount of gas per month. They use more in the winter and less in the summer, so a) the numbers we get are probably going to understate the yearly sales that Magellen will make b)household consumption of natural gas should be consistent in it's monthly upswings and downswings. Somewhere there has to be a chart that shows the amount used.
If we get that number we can project a better yearly revenue stream.
Also, business use of natural gas should be fairly constant, so if we can find what percent of gas consumption is business related and home related, then again, we're tightening our numbers even more.
Probably so tight that the market price won't reflect it accurately, but I'm bored at work at the moment, so my mind is wandering.
Yeah, and remember this is SOLELY natural gas. Any oil revenue would be added on to these numbers, but at this point we have no oil #s, and no idea when we'll get them, so it seems kind of useless to price them in.
I'm already counting chickens on this one. Hopefully, that won't bite me in the ass.
I don't have enough $$ in this to gain by selling and waiting for it to hit bottom. Oh well, I still think this is a money maker. I'll probably load up in a couple weeks if it stay here or goes lower.
gracias, man.
I won't take credit for everything in that post. A lot I pulled off a post from the Yahoo board, so part of the credit goes to that guy for the gas prod. rate assumptions, but the rest of the math (albeit simplistic) is mine.
Why would they be taken over?
Everything they've published suggests they want to do things themselves and continue to grow. You don't go out and buy more wells and land if you're looking to make yourself attractive to buyers. You leave the money in the company to fatten up the ratios.
And when it does, we're going to dump like no one's ever dumped before.
Um... no.
Most people left this board b/c this company is dead in the water, and they got off the ship before it went below the surface OR they're holding their shares for the first spike that happens.
This company is a suckers bet. They have no cash to produce their products or to do R&D to keep their products ahead of the wave. Plus, there are so many shares issued that there's absolutely no scarcity to drive the price up.
You've got a small chance of flipping your money on the .0001 to .0002, but if you saw the L2, you'd realize how stacked both sides of the line are.
I don't think you'll ever know if you're "next."
If there's a way, I don't know it.
but it does look like it's going to be even more boring than yesterday.
NEED NEWS!
The range is based on 10m3 to 50m3 per day.
If you want to know what 30m3 would translate to, just follow the math.
BASED on E*TRADE's numbers, PE=8 seems to be dead center. Six is on the low side.
Here are the previous numbers with an assumed PE ratio of 8. The previous assumptions still apply.
ANN. PROD. (x24) Shares O.S. (17B) Shares Total (30 B)
AVE. P.E. ratio=8 AVE P.E. ratio=8
$29,400,000.00 $0.013835 0.007840
$35,000,000.00 $0.016471 0.009333
$40,000,000.00 $0.018824 0.010667
$45,000,000.00 $0.021176 0.012000
$50,000,000.00 $0.023529 0.013333
$55,000,000.00 $0.025882 0.014667
$60,000,000.00 $0.028235 0.016000
$65,000,000.00 $0.030588 0.017333
$70,000,000.00 $0.032941 0.018667
$75,000,000.00 $0.035294 0.020000
$80,000,000.00 $0.037647 0.021333
$85,000,000.00 $0.040000 0.022667
$90,000,000.00 $0.042353 0.024000
$95,000,000.00 $0.044706 0.025333
$100,000,000.00 $0.047059 0.026667
$105,000,000.00 $0.049412 0.028000
$110,000,000.00 $0.051765 0.029333
$115,000,000.00 $0.054118 0.030667
$120,000,000.00 $0.056471 0.032000
$125,000,000.00 $0.058824 0.033333
$130,000,000.00 $0.061176 0.034667
$135,000,000.00 $0.063529 0.036000
$140,000,000.00 $0.065882 0.037333
$145,000,000.00 $0.068235 0.038667
$147,000,000.00 $0.069176 0.039200
I don't know what's common for the industry, yet. Those are straight numbers, so PE=1.
Taxman Bill, could give us a good idea of what a "standard" PE would be.
I'm going to hit google in the mean time.
BASED SOLELY ON GAS PRODUCTION:
and with the following assumptions
The world petroleum industry says that the average amount of natural gas from a well =
10,000 m3 - 50,000 m3 of natural gas per day per well
times price of natural gas / m3 (call it .33)
times the number of wells (24)
= $79.2k - $396k per day production.
= $2.45 million - $12.28 million per month
= $29.4 million - $147 million per year
"The upper paleozoic reserves take up 76.4% of the proven natural gas reserves. The permeability of sandstone gas reservoir is 0.5~2.0 md. Poor in reserves, on average, the gas-bearing area per square kilometer only deposits 1.3 billion m3 of natural gas reserves. The average daily output of a natural gas well is only about 10,000 m3. The lower Paleozoic reserves take up 23.6%. With higher permeability in carbonate gas reservoirs, the average daily output of a well reaches about 50,000 m3. "
ANN. PROD. (x24 wells) Shares O.S. (17B) Shares Total (30 B)
$29,400,000.00 $0.001729 0.000980
$35,000,000.00 $0.002059 0.001167
$40,000,000.00 $0.002353 0.001333
$45,000,000.00 $0.002647 0.001500
$50,000,000.00 $0.002941 0.001667
$55,000,000.00 $0.003235 0.001833
$60,000,000.00 $0.003529 0.002000
$65,000,000.00 $0.003824 0.002167
$70,000,000.00 $0.004118 0.002333
$75,000,000.00 $0.004412 0.002500
$80,000,000.00 $0.004706 0.002667
$85,000,000.00 $0.005000 0.002833
$90,000,000.00 $0.005294 0.003000
$95,000,000.00 $0.005588 0.003167
$100,000,000.00 $0.005882 0.003333
$105,000,000.00 $0.006176 0.003500
$110,000,000.00 $0.006471 0.003667
$115,000,000.00 $0.006765 0.003833
$120,000,000.00 $0.007059 0.004000
$125,000,000.00 $0.007353 0.004167
$130,000,000.00 $0.007647 0.004333
$135,000,000.00 $0.007941 0.004500
$140,000,000.00 $0.008235 0.004667
$145,000,000.00 $0.008529 0.004833
$147,000,000.00 $0.008647 0.004900
30 billion total shares, right?
I'm taking the yahoo post a step farther. Valuing for projected production.
Boom in Mid-July at the latest, right?
They should have record sales this month, and exceed that in July, so at about the same time that re-orders are coming in Spongetech should have the totals together for their June sales.
Probably should keep going through 10-Q.
Not bad news for this company. If you've got money in this, it's actually good. Not only are we sitting on a stock that could explode in the next few days, but it means a lot of people are going to be on the hunt for money makers, which means the 1st surge could be measurably bigger for MGLG if prod. numbers are good.
Man, I am so tired of ending posts on this thread with "... if production numbers are good."
Let's get some numbers already.
You should try calling a distribution center. They're going to know more about when new products are going out than the regular Wal-Marts. The stores won't know until they have to make shelf space, which will probably only be about 48-72 hours in advance at most.
Same as grocery stores.
Sometimes if you actually go to the Wal-Mart, you can find someone who'll help you, but who wants to actually go to a Wal-Mart unless it's life and death.
Would be better if they were a week apart. Get two runs out of it without a pullback in between instead of one mega-run with a big pullback.
Yeah, I just added another M. Looking at the L2, didn't even consider .0015.
I think .0017-.0018 is probably where we end. I think urgency is going to set in within the hour as some of the .0015s realize they're not going to get filled.
Like Tom Petty said,
the waiting is the hardest part.
Buy. Look above to where is says "BUY ORDERS" and "SELL ORDERS"
Yeah, I was thinking about trying to jump out and catch it at .0013 or something, but there just aren't any sells to make me think I could get back in.
(6) 40,000 .0015 bid (1) 5,000 .0016 ask
We're going to move up, but without prod. estimates, I don't know how long we'll stay up.
Not if we don't get prod. estimates.
Any opinions?
You may have a gambling problem, and I think you've greatly exaggerated the short-term potential increase of this stock price.
But hey, what do I know? I'll sell you my 2.5M shares for .50/share
I know that there are lawsuits in the works, and I know that if any court goes by "the letter of the law" then Smokefree is in the clear: no tobacco, no candy flavors, no attempts to market to minors.
And because they're looking to market internationally first, they may be able to sit back and beat the FDA in the courts without spending money on legal fees themselves.
Okay, what's bowl movement?
I'm sort of new.
Dude....
the phrase "now SEEMS poised" leaves no doubt in your mind?
The word 'seems' alone means that the reporter is interpreting their actions. I don't know. I think sometimes Congress passes poorly written laws to seem tough against certain things and satisfy campaign doners, but in reality they know that the law will have no power. That's an uncharacteristically optimistic thought I have sometimes.
Thanks for posting that, though. I was wondering when we were going to see some kind of press release regarding the Bill.