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oil closed @ 39,72 $ GSPE went to 0,0226 with only 10 k and closed @ 0.028073 with 50 k sold @ 16h08 .
Recent Trades - Last 10 of 17
Time ET Ex Price Change Volume
16:08:24 Q 0.028073 -0.003927 50,000
The past 21 moths it goes from 0,40 to 0,028073 , doesn't that ring a bell @ GSPE that they
gonna have to do something . Not only for the current shareholders but also for the value off the compagnie . The only way we are gonna rise is that they gonna start with the test drilling . But for that they need money . Because it takes all so long , i can't imagine the get money from there own bank.So 2 options , They are looking for a partnership or we may expect a offer on Gulfslope . But for what price ? and iff they are go for a partnership what's the ratio there then ? I wish i had a crystal ball .
But still the barrels are not gone anywhere before they start to drill . Also the uplisting , iff they should done that 12 moths ago , the where better off than here @ OTC market . But Mr. Seitz said " this is only to protect the current shareholder " . As i current shareholder i must disagree that , look where twe @ now .
So , with no volume we are going down again . From 0,068 to 0,0315 in 4 weeks , thanks to the shorters and especially to GSPE who let this all happened . Still i can't believe why people are selling @ this low prices iff you know why GSPE is standing for ! This is not short term investment , and for all off use who have already GSPE in our port it's sucks ! GSPE has done nothing to prevent all off this , and that's not the way rated compagnies do this . No communication @ all to get trust again in the compagnie .
There are many reasons that i still believe in GSPE , but especially they have no debts to the bank . And that's the reason it takes all to long , they have the power to negotiate with different parties . But with no updates the share price is falling down !
So it's time to bring us some news Gulfslope !
ETFs Today 3mths 1Yr YTD
GSPE -1.58% -0.27% -69.04% -0.27%
So we are April , No news @ all in the first 3 moths , shorters are bringing the stock price down , we are again @ 0,0374 . This is not the scenario that i had in mind . My question " how long is this gonna take " ? With that management it didn't expected it goes that way , i started to buy @ 0,40 , look where we are now . This is not only the market , this is also the fault off the management , it takes all too long and that's not the way share holders are waiting for . I can't imagine there is no interest in GSPE or the better no one knows them . And OTC market is the worst market for a rating .
The stock of GULFSLOPE ENERGY (OTCMKTS:GSPE) registered an increase of 180100% in short interest. GSPE’s total short interest was 180,200 shares in March as published by FINRA. Its up 180100% from 100 shares, reported previously. With 524,200 shares average volume, it will take short sellers 0 days to cover their GSPE’s short positions. The stock decreased 3.15% or $0.0013 on March 29, hitting $0.04. About 98,175 shares traded hands. GulfSlope Energy Inc (OTCMKTS:GSPE) has risen 2.50% since August 20, 2015 and is uptrending. It has outperformed by 2.44% the S&P500.
GulfSlope Energy, Inc. is an independent oil and natural gas exploration company. The company has a market cap of $27.20 million. The Company’s interests are concentrated in the United States Gulf of Mexico (GOM) federal waters offshore Louisiana. It currently has negative earnings. The Firm focuses on identifying gas and oil prospects.
can't say i am " happy " to see that we are again bellow 0,04 and this without any reason . We need to have patience , i know that's hard to say , but the fundamentals are still there . The oil isn't going anywhere before they start drilling . I still don't understand why people selling @ this prices and such low volume . The rating @ OTC market has cost a lot off damage for GSPE , we need to get rated in $ instead off penny stock , but for that , they need money . We all can be " happy " that the don't have debts to the bank . That's why they can effort to get serieus talks with other parties and negotiate for the best interest for the compagnie and us stockholders .
http://economictimes.indiatimes.com/news/international/business/qatar-invites-opec-members-and-other-producers-to-april-oil-meeting/articleshow/51512259.cms
http://www.franklinindependent.com/gulfslope-energy-otcmktsgspe-sellers-covered-99-5-of-their-shorts/
Is that the reason why it's going down again , you can read this message every week . I can't imagine any other reason , oil is doing well again .
14 days to go until the end of March and still no movements or news from GSPE . Share price is again
going the wrong way , 2 weeks ago we where all " happy " it finally goes up @ high 0,068 . Now we are again below 0,05 . It's getting boring that this is already the scenario for almost 2 years now . It think the way they doing business like this , it's going to be a good deal or private investor the day they gonna announce news for starting up the test drilling , uplisting , ... That's the only thing that i still believe in GSPE , The team is already high class .
so what we see here with GSPE is is traders in short term are buying and selling now and, the people who have GSPE over 2 years or longer are going nowhere . Last week we did 0,068 and now we are again @ 0,045 .
This is way to low for this compagnie . What we can tell is that this gone take as long there is now news , deals , starting test drillings , uplisting ,...
oil is again 36 $ + , 40 $ should be a target for a while . Still a good position for GSPE .
http://www.thenational.ae/business/energy/opec-targets-50-oil-as-brent-rally-stalls-at-40
nice to see we doing well yesterday and already today . So for the believers who didn't sell @ dumping prices , it's a relief the we are getting up again . But still , @ 0,065 it's a bargain .
http://www.oilandgas360.com/worlds-most-in-debt-oil-company-to-get-10-billion-lifeline-from-china/?utm_source=Closing+Bell+Report&utm_campaign=ff92fda41b-Closing_Bell_RSS_Campaign&utm_medium=email
Can't say The Chinese haven't got interests in oil .
We are getting up and this without news . Hopefully some compagnies find there way to GSPE soon .
We are March today and still no movements .
i thought we where finally moving up and go away from the 0,02 + barrier and see 0,03 . disappointed again 10 K bring us back to the 0,02 + barrier . Still way to low for such compagnie with all there possibilities .
http://www.presstv.ir/Detail/2016/02/23/451895/Iran-rejects-oil-freeze-call-as-joke
They all wanne do some efforts except Iran . This is the main reason a religion matter .
the conference was 18 and 19 th february 2015 and not 2016
GSPE @ 2 day conference 18 and 19 th february , hopefully they bring new buyers or investors .
http://www.oilandgas360.com/enercoms-oil-services-conference-13-day-two/
i think it's just a transfer off shares between 2 parties . ( like private placement ) .
I wish i could answer that , i have no idea . I think we all have to be patience and wait and see what's gone happened . The one thing i still believe in GSPE is that Seitz en Co putting already a lot off money in the compagnie , so they gonna do everything to keep the business go on ! The only thing is the low oil price that put everything behind. I don't understand why people selling @ this prices to get where we @ now . Still GSPE is a good compagnie to invest .
http://www.cnbc.com/2016/02/09/iran-ready-to-talk-with-saudi-arabia-on-oil-market-conditions-iranian-tv.html
That's also good news .
so @ the moment GSPE has a market cap of 11.9 million @ share price 0,0175 . And that with everybody is losing expect those who brought GSPE down ! So has anyone a idea which direction we can go now iff they should find a private investor , take over , ... ? @ this time i'm thinking there is going to be an offer on GSPE , that's my guess why it goes for moths now , especially already this Year ! Other compagnies should have press releases to stop the drop off the share price , like i said many times before GSPE , public relations off GSPE sucks !
GSPE -7.37% -65.49% -85.92% -53.07%
so the whole year the same shit again . Low volumes are bringing GSPE down to where they are now .
As where we are now , i don't now how it can go further . They said already 2 year that they are talking with 9 potential investors , Does it has to take always so long . Iff GSPE has now money to start the drilling and go further in the future , shouldn't it been better that there should be an offer on all the shares ? Or selling the 7 prospects who are drill ready , and with the money from the 7 prospects go further in the future for to make the other prospects drill ready ? We are in the half of Q1 , they have to come with something now !
Everybody is losing big money @ the time , i don't think i'm the only one who's getting nervous .
http://www.jpost.com/Breaking-News/World-Bank-says-wars-cheap-oil-hurting-Middle-East-growth-443976
i think there gonna be talks now for higher oil prices in the future .