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Nice new bottom lol. Hope someone screwed up his order... eom.
got 0.00220 on my screen. lol. eom.
(Probably) Not a joke :
From a survey done with 5000 men that were asked what exactly they liked so much about oral sex these results were recently published :
3% enjoyed the warmth
4% thought it to be real exciting
93% stated the silence was priceless
Last week of Q1. Let the games begin (version 254 bis)... eom.
My bad. Glad to remember this :) Although we might expect some delays due to the ongoing inquiry ?
To my knoledge, Arch is still buying... Would like to hear from him though. eom.
Financial results and name change where promised by end of this Q. Not the closing of the LOI.
Those 2 should be sufficiant to wipe away the present doubts though IMO.
Let's get the LOI closed when we are at 0.10 right ?
Bumpy ride today LOL. eom.
Cool 's right. If you own this stock and don't believe in it, just sell. You'll feel relieved.
No money in the world is worth the sheer agony you non-believers apparently are experiencing right now. Liberate yourselves ! Set yourselves free ! Sell us your shares !
Peace.
Eat, don't get excited over some not worth your energy. eom.
Coolness ! Razor and Silver will be gone tomorrow ! eom.
Hey Boston, Cryptics, Razor,
You guys even know what "complying with the requirements of Guide 2 of the Industry Guidelines for oil and gas companies" means ? I'll tell ya. It is not something done in a week.
The financial Results are promised by end of this Q and so is the name change. They should live up to that.
But Guide 2 is a totally different ballgame.
http://www.sec.gov/divisions/corpfin/forms/industry.htm#secguide2
Disclosure of Oil and Gas Operations
Guide 2.
If oil and gas operations are material to the registrant's and its subsidiaries' business operations or financial position, the disclosure specified in this Guide should be included under appropriate captions (in tabular form, if practicable, and with cross references, where applicable, to related information disclosed in financial statements). Provided however, That limited partnerships or joint ventures that conduct, operate, manage, or report upon oil and gas drilling or income programs, that acquire properties either for drilling and production, or for production of oil, gas, or geothermal steam or water, need not include such disclosure and, Provided further, That any registrant qualifying for the exemption provided in §210.4-10(k) of Regulation S-X need not provide any such information.
Note: Limited partnerships exempted from the disclosure required in this Guide by the first proviso above remain subject to disclosure requirements of §210.4-10(k) of Regulation S-X. See discussion in Accounting Series Release No. 257 (Dec. 19, 1978) [43 FR 60404]; and Staff Accounting Bulletin No. 40, Topic 6(d)(3)(c) [17 CFR 211] (Jan. 23, 1981).
[Item 1 deleted. CCH.]
2. RESERVES REPORTED TO OTHER AGENCIES
Any estimates of total, proved net oil or gas reserves filed with or included in reports to any other Federal authority or agency since the beginning of the last fiscal year (or a statement that there were none), together with the name of the authority or agency and an explanation of the reasons for differences, if any, between such estimates and the estimates included in the document. This requirement should not apply if the difference between the total reserve estimate included in the Commission filing and the total reserve estimate filed with the Federal authority or agency does not exceed five percent. However, a statement that the difference does not exceed five percent should be included.
3. PRODUCTION
A. For each of the last three fiscal years by the same geographic areas for which production data are required by Statement of Financial Accounting Standards (SFAS) No. 69.
i) the average sales price (including transfers) per unit of oil produced and of gas produced;
ii) the average production cost (lifting cost) per unit of production.
B. Instructions. Generally, net production should include only production that is owned by the registrant and produced to its interest. less royalties and production due others. However, in special situations (e.g., foreign production) net production before royalties may be provided, if more appropriate. If "net before royalty" production figures are furnished, the change from the usage of "net production" should be noted.
Any part of natural gas liquids production obtained through or from processing plant ownership rather than through leasehold ownership should be reported separately, if material.
Production of natural gas should include only marketable production of gas on an "as sold" basis. Production will include dry, residue, and wet gas, depending on whether liquids have been extracted before the registrant passed title. Flared gas, injected gas and gas consumed in operations should be omitted. Recovered gas-lift gas and reproduced gas should not be included until sold.
The transfer price of oil and gas produced should be determined in accordance with SFAS No. 69.
The average production cost per unit of production should be computed using production costs disclosed pursuant to SFAS No. 69. Units of production should be expressed in common units of production with oil or gas converted to a common unit of measure on the basis used in computing amortization (relative energy content or gross revenue method). See §210.4-10(e)(3) or §210.4-10(i)(3)(iii) of Regulation S-X, whichever is appropriate.
4. PRODUCTIVE WELLS AND ACREAGE.
A. As of a reasonably current date or as of the end of the most recent-fiscal year, the total gross and net productive wells, expressed separately for oil and gas, and the total gross and net developed acres (i.e., acres spaced or assignable to productive wells) by the geographic areas for which production data are required pursuant to paragraph 3 of this Guide.
B. Instructions. For purposes of this paragraph, one or more completions in the same bore hole should be counted as one well. A footnote should disclose the number of wells with multiple completions. If one of the multiple completions in a given well is an oil completion, the well should be classified as an oil well.
A gross well or acre is a well or acre in which a working interest is owned. The number of gross wells is the total number of wells in which a working interest is owned.
A net well or acre is deemed to exist when the sum of fractional ownership working interests in gross wells or acres equals one. The number of net well or acres is the sum of the fractional working interests owned in gross wells or acres expressed as hole numbers and fractions thereof.
For those unusual situations in which gross and net data cannot be supplied, alternative disclosure should be furnished that adequately describes the registrant's productive wells and developed acreage.
Productive wells are producing wells and wells capable of production.
5. UNDEVELOPED ACREAGE
As of a reasonably current date or as of the end of the most recent fiscal year, the amounts of undeveloped acreage, both leases and concessions, if any, expressed in both gross and net acres by appropriate geographic area, together with an indication of acreage concentrations, and, if material, the minimum remaining terms of leases and concessions. Undeveloped acreage is considered to be those lease acres on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and gas regardless of whether or not such acreage contains proved reserves. Undeveloped acreage should not be confused with undrilled acreage Held by Production under the terms of a lease.
6. DRILLING ACTIVITY
A. For each of the last three fiscal years by appropriate geographic areas:
(i) the number of net productive and dry exploratory wells drilled; and
(ii) the number of net productive and dry development wells drilled.
B. Instructions. A dry well (hole) is an exploratory or a development well found to be incapable of producing either oil or gas in sufficient quantities to justify completion as an oil or gas well.
A Productive well is an exploratory or a development well that is not a dry well.
The number of wells drilled refers to the number of wells (holes) completed at any time during the fiscal years, regardless when drilling was initiated.
The term "completion" refers to the installation of permanent equipment for the production of oil or gas, or, in the case of a dry hole, to the reporting of abandonment to the appropriate agency.
7. PRESENT ACTIVITIES
Present activities, such as the number of wells in process of drilling (including wells temporarily suspended), waterfloods in process of installation, pressure maintenance operations, and any other related operations of material importance by appropriate geographic areas. This description of present activities should be provided for an "as of"date as close to the date of filing the document as reasonably possible or as of the end of the most recent fiscal year. The disclosure of wells in the process of being drilled should include only those wells actually being drilled at the "as of" date and should be expressed in terms of both gross and net wells. The disclosure should not include wells planned but not commenced unless there are factors which make such information material.
8. DELIVERY COMMITMENTS
If the registrant is obligated to provide a fixed and determinable quantity of oil or gas in the near future under existing contracts or agreements, material information concerning the estimated availability of oil and gas from any principal sources.
A. Such information should be furnished as to current and future reserves and supplies, and should:
(i) identify the principal sources of oil and gas to be relied upon and the total available amounts expected to be received from each principal source and from all sources combined;
(ii) disclose the total quantities of oil and gas which are subject to delivery commitments; and
(iii) indicate steps taken to insure available reserves and supplies are sufficient to meet such commitments. Such future information should be provided for an appropriate period of one to three years.
B. The term "availability" is used herein to mean an estimate of that quantity of oil and gas which can be produced from current proved developed reserves using presently installed equipment under existing economic and operating conditions and an estimate of amounts that can be delivered to the registrant under long-term contracts or agreements on a per-day, per-month or per-year basis.
C. The registrant should develop disclosure based upon the facts and circumstances of its particular situation, including disclosure by appropriate geographic areas. Such disclosure should be in a form understandable to investors and should include but not be limited to, a description of the following factors:
(i) significant supplies dedicated or contracted to the registrant;
(ii) any significant amounts of reserves or supplies subject to priorities or curtailments which may affect quantities delivered to certain classes of customers, such as customers receiving services under low priority and interruptible contracts;
(iii) any priority allocations or price limitations imposed by Federal or State regulatory agencies, as well as other factors beyond the control of the registrant which may affect the ability of the registrant to meet its contractual obligations (detailed discussions of price regulation need not be furnished);
(iv) any other factors beyond the control of the registrant, such as other parties having control over the drilling of new wells, competition for the acquisition of reserves and supplies, and the availability of foreign reserves and supplies, which may affect the ability of the registrant to acquire additional reserves and supplies or to maintain or increase the availability of reserves and supplies; and
(v) any impact on the registrant's earnings and financing needs resulting from its inability to meet short- or long-term contractual obligations. See Item 303 of Regulation S-K.
D. If within the last three years the registrant has been unable to meet any significant delivery commitments, describe the circumstances concerning such events and the impact on the registrant.
Cdaniel394 : nope, suspension will be lifted at 11:59 PM tonight. 1 minute before midnight that is. Not at 12:00 EST.
peace.
That is indeed what I was told by e-mail. eom.
Check out SBRX news... eom.
Any crash that might happen will be VERY short lived. eom.
Wow, did you find that out just now ? eom.
All will depend on the communication we will get from the company before opening tomorrow. If none, I agree with your prediction.
Don't think it is halted, just not trading... eom.
Whazoo,
let me get that.
I had several conversations with Nicolas Ritchie and he stated very clearly that the PRE IPO shares could be transferred to either Frankfurt or Nasdaq, up to the owner. So my guess is what goes for US shares also goes for Europe shares.
Shares would become tradeable as soon as all pre IPO shares had been sold. That would be latest Q3 (September 2007) but Nicolas insisted it could be much sooner, didn't want to predict though.
Now I am inclined to think what goes for the PRE IPO shares also goes for the restricted shares, but coming to think of it, I never posed that question.
Concerning the date of the IPO, keep in mind Nicolas is a sales person on a commision based salary so he might tend to give you the bright side of the story, to say the least.
Yeah, I smell some fear the dip in price Thursday may be short lived. Expect some furious bashing the coming days...
SBRX is actually being traded in Frankfurt :
http://deutsche-boerse.com/dbag/dispatch/de/isg/gdb_navigation/about_us/20_FWB_Frankfurt_Stock_Excha....
Because they bought in at USD 2, being promised at least a quick double once we would start trading?
Nic Ritchie reffered to the USD 4+ price everytime I he called me to try and sell them pre-IPO shares.
Agree "screwed" is a bit strong. Misleaded might be better.
So pre-IPO buyers got screwed ? eom.
Popcorn :
Quotes from one of my phone conversations with Nicolas Ritchie :
"When you buy into TYCHE pre-IPO, once we actually start trading, you can transfer your stock to either exchange, to either the Nasdaq or the DAX."
and :
"Once the restrictions are lifted you can transfer your stock to the Exchange of you choice."
So my guess is TYEG will start trading on both Exchanges at the same time.
Peace.
Yep. Times 6. eom.
From stealth06 's message :
"They are doing this in readiness for their dual listing on the DAXX in Frankfurt, where there is a prerequisite requirement to list less than 1 Euro. The Euro value of TYEG will be 0.50."
If we are really trading at $1.50 now "after split", they will have to do another split to get below the 1 Euro?
Ok. Read it. Seems you are right. That makes it a 6 for 1 stock split then. Thanks.
Anyone noticed TYEG traded at $1.5 USD today ? Is that before or after the 5 for 1 split ?
Interesting. Would this be before or after the 5 for 1 split ?
Any insights as to why BIGN, TYEG, RYLP and SBRX are listed in Frankfurt, but are not being traded ?
TIA.
Stealth,
in my books, a 5 for 1 split divides the share price by 5, not 6 ?
After the split, there will be 5 shares for every 1 pre-split share. If the stock was at $4 per share, after the split, each share is worth $0.8, because the company's net assets didn't increase, only the number of outstanding shares.
Right ?
From TYCHE IR :
"Tyche Stock will be publically tradeable VERY soon. I can´t reveal the exact date, but Private Placements will only be available for another FOUR WEEKS."
From TYCHE IR :
"Tyche Stock will be publically tradeable VERY soon. I can´t reveal the exact date, but Private Placements will only be available for another FOUR WEEKS."
Anyone expecting a PR today ? eom.