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Do you think there is a good chance that they will amend the filing to increase the price of the offering? For example, if the price goes to .30 and consistently stays above there, maybe they'd consider .20 which would halve the number of shares issued? Then again, the higher the price, the less takers there would be for the deal, though on the other hand, at the time they issued the filing, it was trading between .10 and .15 and they offered up the lower end of that range. In the end they will try to get as much as they can for the shares and the demand will help determine that.
But all of that aside, why do you say that the price has to go to a dime? Just because a bunch of investors get new shares at that price, doesnt mean that the price on the open market goes to that price, not at all. In fact, by the time the restrictions are lifted on those shares, who knows where the market price will be. So, while there will be dilution, and eventually some selling, that does not mean that the price will be driven down, especially if the company is doing well.
Somehow this dropped into the mid-teens today and somehow I was asleep at the wheel to not pick more up. That said, I'll do what I can to get more at that price, its a very good deal down here if one can get it and I will certainly try.
there is no way this doesnt spike from levels such as this at one point in the future, if not the near future, hence a good opportunity to get in.
thats not my understanding ...
another company I am in heavily, AVLP, has gone non-reporting for a long time, but issued an 8-K for major news and I believe they were obligated to do so, meanwhile they work on getting their filings up to date. So I dont think they are exempt, but rather it is simply one more violation that they would have broken. But I also dont think they would hold back such news, and if they did so in a way that would be against shareholder interest, I don't think that that would be looked on favorably.
While they may certainly be in talks for deals, until they sign the paperwork they dont have to say nothin. My concern is they aint even in talks b/c if they were, you'd think they'd at least be communicating with shareholders and keeping things positive and leading us on (in a good way).
But I dont know man, its all a mystery really, none of us knows.
I firmly believe that they have NOT squandered the money, but are trying to be as conservative as possible, including their recent downsizing of office space. On the other end, I dont think they have bought anything b/c that would require the issuance of an 8-K for material information. So besides the salaries of the previous CEO and CFO and severance, I feel pretty good about the fact that they still have all their money piled up, dressed up with nowhere to go, so very sad. LOL
right selling down here is absolute nonsense for anyone to consider, even if they needed the money, we are so late at this point, we must be much closer to news than we are not. what that news is we have no idea, but it should be a mover in the upward direction. More or less shocked we haven't heard at this point, makes no sense.
While you all try and figure what is happening with these various companies and technologies, players, etc., which I believe is almost impossible to do or else we'd have done it by now ...
I just just picked up another 50K at 16.5. As I said earlier, I never dreamed it could even come back this low, but everyone here was so so damned bullish that I couldnt turn a blind eye. We are now trading significantly under cash that its a very good deal, it's not a dime, but it's a very good deal.
This all assumes they still have the cash and will NOT try to play any games with the cash, embezzle and the like, as their reputations would be ruined.
this is a SCREAMING buy ...
I don't know if there anyone else out there left besides RamsnastyMcBickle but all I can say is that this is a SCREAMING BUY. I have invested significantly into this company, and while I continue to buy, there's a point where you run out of money and/or take precaution of not to invest too heavily in more than one ticker, but anyway .... read through their releases, they are going after this market like no tomorrow. I expect for them to continue to pump out the releases and hopefully "show me the money" in the next 10-Q.
This is the site that I go by, when it is updated:
http://otcshortreport.com/?index=SIGO&action=view
So clearly there is some short selling as I suspected there would be and as there has been previously, but we can burn those short sellers by buying and ultimately the results should drive the price up.
Lets keep in mind very successful people can not go to college or end up with degrees that are not typically in high demand, but the process of going to school and learning can say a lot of ones character. Not that I am making any judgements of either the CEO or CFO, I have no idea.
My brother barely finished high school, dabbled in some college, and built a huge business and sold it for millions, granted he worked harder than anyone I know, and is about as thorough as anyone I know. Just sayin.
Finally, I have to say, I like what they covered in the press release and how they said it.
Everyone knows how I feel about this one, I am completely with you hispeedsoul, the cash position is the only value in this company, they could just as well completely change businesses and it would not matter. In fact, we see that all the time in OTC land, AND its with companies that have no money as opposed to PROP. I will give some credence to the Ruskie fellow, but not very much, the cash is the king here, period end of question.
Not to say that somehow they cant be successful with this technology, but I think it's going to be more along the lines of applying it to their own wells that they buy, but they havent been able to close such a deal yet, which is the discouraging part and for which I have been saying there is no excuse for.
Gee, I wasn't thinking that I was going to be able to get back in, but here it has declined to allow me to re-buy some, at .223, .19, and now trying for .177.
This is exactly why I said what I said earlier about being nervous about the stock in general, regardless of the due diligence, and here it has retraced a lot farther than I would have expected or predicted. Nonetheless it does seem to be a value at this price so I have allowed myself to participate.
Yes I need to do what I feel comfortable with. It just bothers me too much that it dropped as far as it did when we had full knowledge of the growing plans and timeline - I couldnt find any holes in it all along yet it kept dropping and dropping, I literally couldnt believe it. Granted that that allowed me to average down big-time, it was very un-nerving and that history inhibits me from holding on to a significant amount at this point. If other opportunities did not abound, I'd keep more in for sure.
Hey, that was my .365 ....
Seriously, I moved the sell up to .375 later.
I first entered this stock a while back for a tiny position in the $3 range, not sure what I was thinking, maybe I wasn't. Luckily it dropped so hard and fast, that I was able to average down to around 17 cents before I knew what happened, also with the help of some additional buys and sells along the way.
I am a seller now, and holding about 12K shares left. I read what you all have said here, and everyone is very very bullish, but, in fact, nothing has changed from a week ago when you could buy these shares for a dime, except for the press release which I view as a positive. It's not clear to me how in the world it ever dropped so far down in such a short period of time, but for that matter in hindsight, how it could have been valued so high in the first place. I just don't get it.
I do wonder what happened with the marijuana based product development they talked about in a previous PR, that seems to have gone by the wayside?
Anyway, with some hard earned gains I would focus my money elsewhere, barring a significant pullback into the teens where I would probably buy back in. Today its 5x above the lifetime low, so in all fairness, it has rallied some, but to all your points, I suppose it could have a long way to go, so I'll slowly sell my remaining shares for remaining upside.
GLTA!
I have a boatload of longest possible dated calls (which is usually 6 months for these smaller ETFs). Looking for this to go back towards 20, though i dont know the timeframe. Got out too early last time.
That was the extent of it, we just have to wait for the filing which is what I asked about, couldn't even get a time frame for it, just that there would be one.
As I mentioned in other posts, don't waste your time. I've talked to him, and it was a waste of time, all one minute of it.
In my opinion, this is not the way to treat the shareholders. In the least they could hold a conference call or send a shareholder letter or do something, but they choose no communication, so we wait.
While we wait for filings, noting that the share price has recovered to a bid/ask in the 30 cent range. I'd like to think that there will be no more visits to sub 20 cent range, but with a stock like this you cannot count that out.
Anyway, this is the hidden gem of hidden gems.
Yes there are actually two 8-Ks, one I noticed just issued today:
Original filing mentions in Section 5:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12172374
Today's filing mentions Kohn will assume the responsibility while they look for a replacement. Reason given for termination was geography.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12176089
That was a couple days AFTER the spike when it had started to retreat. By that time there was already a LOT of interest on this board, and regardless of that article (personally I dont feel that article had anything to do with this) existing or not, there were lots of people posting on this board about what an amazing opportunity this is, for many reasons, and so I am asking the question, are people stepping up to the plate at these prices, yes or no, b/c based on what I have read, it should be a slam dunk and the price should never even have come back down this far. Did people buy in the 20s and 30s and now don't think its as good of a deal at .02, I am baffled. Personally, even as a naysayer of the companys record to date, I have stepped up to the plate and I expect others to do so as well.
added after initial response:
That said, I am confident they will file, what they say is another question. I also believe that as has been posted that the technology is interesting, but the fact that it has not been widely deployed tells you something. While the previous CEO may have been incompetent, I don't think he was so incompetent that he could not have made more happen with well treatments if they were a viable solution for operators.
Why he could not do an oil deal I have no frigin idea, it baffles me. The one thing he did tell me at the time was that potential sellers were not very flexible on their selling price, that it was not easy to "do a deal". I thought that's why he was being paid a great deal of money to run the company.
Everyone here was so damned bullish since that first day, so bullish that you've caused me to buy back partially all the way down here to .02 which is where I first sold. What I dont understand is why is the volume so low in comparison when everyone is clearly bullish. If you are so bullish you should be buying with two hands at this price compared to the 5 cent range, and literally driving the price up, I simply dont get it.
Last week the company announced some info on a subsidiary that they started up last November. Reading and re-reading the release, it's not quite clear why Digital Power Lending is needed regardless of the fact that their model is to have the mother ship and various subsidiaries for the acquisitions that they make.
In other news, they terminated the CFO without giving any reason, and executed a lending agreement, though I don't fully understand how that agreement works or its purpose, but I think its to be able to short term fund orders that they are receiving?
Anyway, this continues to be a steal at these prices and I might devote more to it if the cash were available.
Continuing to buy in this range. If I had the cash, I'd buy another 50K on the spot. Rather I may dribble and drabble as funds become available, as I think this is a steal at this price. Expect this to hit back to 15 cents in short order hence an urgency to buy sooner than later.
Absolutely, I completely agree with that. Even the very successful people have losing ventures for sure.
The MAIN reason I would be in at these prices is b/c of the cash position, that's it. It is very significant, and I say that seriously because just about every other company out there in OTC is starving for money, which is the opposite here. Great plans can fail due to lack of cash. Will poor plans fail with abundance of cash, we'll see.
Somehow the Rooskies need to get their money back, someway, somehow. The only way for that to happen is for the share price to rise, however that is accomplished. To a large extent we are depending on that motivation. Maybe they'd be willing to take some kind of loss, but, it won't be at these prices.
I didnt think it would break 25, but it has, so be it, added at 26, order in at 23 if it hits that, I guess anything is possible, in either direction.
Per my earlier comments, if this were to drop to under .03 I would buy some back, and I have done just that (between 30 and 31). For me at this point this is purely a technical play, as I have mentioned I have lost confidence in the company. If they come out with some great plan, all the better, but I will continue selling on any rallies above 5 cents, and buy on anything under .025, which is a fairly decent range of doing nothing.
Its been dead since my flurry of buying recently which is fine by me. My Q now is whether there will be enough significant info in the next 10-Q due mid next month. Nothing to do now buy wait, I have enough shares so wont be buying more. I can't imagine it going under a dime.
Right, as I posted previously, you will not get any information from the company until there is a filing and/or press release, that i am very confident of. Now with this recent activity, I'm even more sure that will be true. So we just wait. At one point I even considered calling PEMEX to see what I could find out about that deal, and while desperate enough to do so, I figured I just wouldn't be successful so never tried.
I echo Javiers sentiment. All you do is post these positive laden press releases week after week, month after month, year after year, getting all of our hopes up, reminding people like me that there may be reason to own NETE, but the stock just continues to plummet. But you never actually contribute to the ongoing babble here, can you please at least add a little opinion?
Don't waste your time, they won't tell you anything, including the CEO. You just have to wait for filings and press releases whenever they decide to release them.
The email address should work, but, like I said, don't waste your time.
Also they recently moved/downsized. Doesn't sound like a company that is growing, but maybe the few offices were being wasted and they may as well save money since, in my opinion, that's the only value I see in this company, and it is a value for sure.
I dont know what to tell you. All I know is that I am buying at these prices, 55, 54, 52, 49, and 45.5, and its painful as could be. Certainly this company is worth more than what it is trading at now. Certainly there will be a day in the future where this at least gets back to the 70s. But whatever the path and timeline, its got to be worth more than this.
Continuing to buy at these super cheap prices having accumulated a couple hundred thousand shares at this point. My motto is to buy when it goes down, not when it goes up, it's too late then, that's the time to sell. I am targeting a quarter for now, though I am fuzzy on the timeframe, but I have time to wait it out.
Respectively, I just cant agree with all of that.
The CEO is responsible, he should have made things happen and he didnt, and he was paid big bucks to do so, and all the while I would STRONGLY assume that Ivan and company was right by his side to run decisions by, they are partly responsible for this mess, which is ironic since they have the controlling interest.
Huemueller is not even in the picture any more, he's gonzo, and Zotos, well, I he's just a numbers guy, not a decision maker. The CEO needs to be somewhere in the US, not in Russia.
I certainly agree about the dual revenue streams, so what the hell have they been doing for the last year? If there was ANY material info, then it would need to have been reported in an 8-k, and the only good news was the PEMEX wells.
With regards to things being slow in the US to adopt, well, technology like this should not be something that should be slow to adopt. In fact Id think it would be a no brainer for many operators to adopt and to do so quickly.
Judging from the bullishness on this board as of late, I now expect to get a lot higher price for my remaining shares than I originally expected. And if there is actual news, who knows what it can do. I'll have to see how trading goes this week but I suspect many on this board will be buying their shares from me, and that's just fine with me. If it were to pull back strongly to under .03, then maybe I would even buy some for a short term play, but I would not be buying anything over that.
I'm buying more at 50 cents if it gets that low again, missed it Friday. While I saw this as a buy in the 70-80s, this is a screaming buy at these prices.
This continues to be a buy under 25, and I am happy to pick up in lower 20 range, and even more aggressively if it somehow drops below that. My take is that they are in it for the long haul and eventually the stock will spike bigtime on some great news that is bound to come from their wide net of deals. That said, I would take some small profits in the upper 30s and beyond depending on how much I can pick up in the lower twenties.
Thanks Bluetick, I appreciate you have stuck it out with others here. I like the site, and the fact that they have a video and updated information sure gives promise to pulse technology which I have always and continue to believe in.
Compare that with PROP:
- a public company with very late filings for NO good reason. They have plenty of cash (we assume) and there is no excuse to not be able to get the filings out especially when they have nothing going on
- Huge cash reserve with which they have done nothing meaningful with. I am assuming they still have the huge reserve, but if we were to find out differently, it would be a disaster
- To boot, they have have had no meaningful press releases for a very long long time which is an absolute disgrace
- CEO made big promises in Jan 2016 and hired sidekick in Mar 2016, and both are now gone. The ONLY deal they did that entire time was the Pemex wells and even those we have NO IDEA how they are doing or if they even are ongoing.
- New CEO hasnt even come to America yet, yes the great USA, where this company is actually located, in the lone star state of Texas. How can a CEO run the company from another country, I have no friggin idea how it's possible. They have downsized their offices - does that sound like a growing company or one that is trying to save every dime they have (which may be a good thing in its own right, but still))
- They have this incredible technology which we originally thought was going to be the core of the company and they simply saw no way to build the business solely around that, so they pursued the approach of using that technology in their own wells, which while that is great to do, its ONLY A FRACTION of the potential of licensing that technology which was what the company was supposed to be based on all along. To use this technology only in your own wells is totally selling short of the original goal. Imagine licensing this to a myriad of well operators, you'd think that that would be so profitable but even the company has admitted that that is not such a great potential since, well, they're NOT doing that! Why, I have no idea, Brian could never fully explain that to me, rather pointing to the Pemex wells as sort of a test bed, well, ok, maybe, but we have no news on that progress.
- company name change - big deal, they were forced to do that due to copyright
***************************
Why the stock has all of a sudden spike, I have no idea. If there is insider info that is propelling that, then that is flat out illegal. I am taking advantage of this opportunity to sell sell sell. I have sold 60% of my holdings and will have sold out completely maybe around a dime and I will move on. If that comes to fruition, I will have made a decent amount of money but will have gone thru more pain that I would have ever dreamed to accomplish that.
As for the math, the FULLY diluted share count of around 420 million shares at current 5 cents/share gives a value of 21 million, while their last reported cash position is around say 9.5 million. IF the stock price goes to 8 cents then that makes it a 34 million dollar company. Hmm, that is approaching too expensive for me based on no reported plans.
This company was trading at a penny only a few days ago, and there were a bunch of us that saw it was just dirt cheap and went in with one or two hands to buy - I might have bought more but with zero news it was a bit disconcerting. Now the stock has rallied for no reason, and everyone is talking about this Rooskie Abromovich and associates and how they are worth billions, bla bla bla, etc. Well they were worth that much all along, but why are people all of a sudden talking about that, nothing has changed but the stock price, nothing at all.
No, these guys are dopes. They had the potential for a good gig and could make nothing out of it, which honestly is a disgrace. If I ever saw Brian in the streets of Houston I would give him hell for his incompetence. Now the ownership is trying to pick up the pieces, has said enough is enough and is maybe trying to do something, but we have absolutely no visibility yet. Where were they, what oversight were they exercising the whole 15 months that Brian was at the helm? Why did they put up with this crap for so long and finally now swoop in to take over the reins?
Sorry, it's too late in my book, they had their chance and they blew it. I am getting out hopefully with a nice profit and moving on, there are other companies out there with much more transparency. An actual filing and/or a press release should be able to spike this back to a dime, and I sincerely wish you and all the long timers like Pookie all the success in the world with this.
Pretty much you are saying what I have been saying here. The difference is that I would only sell a portion at a buck b/c I believe there is just too much potential in this stock and there will be a time when it just keeps going and does not pull back or only slightly. Granted that might be a 100% gain at that point, but, at $2.50 it's a 500% gain and I am leaning more in that direction of where this is headed and it may not take as long as some think. And for those that think they know the path that this is going to take, well, I know that the insiders don't even know and are baffled by how this has traded, and so far be it for me to speculate on how it might trade. Buy on pullbacks and incrementally the more it pulls back, sell some on rally but hold a lions portion for the big move, whenever that comes. I would love to see this come back to 50 cents (my average after all buying/selling to date), but it may not do so, so I'd incrementally buy at 55 and below. This is and has been a steal at that price, let alone the 40s. If I could only convince friends and family to buy, I'd be a hero in time, oh well, Im not that smart.
Someone is selling, but this cannot go on forever. In the meantime I have backed up the truck, including today. I may buy more the next few days depending on cash situation, as this is a bargain at these prices. This is a legit company that has had some success already, that is determined to be successful, I am confident of that.
The latest financing deal will add 1.5 mill to the share count, but will provide the bridge financing they need on a regular basis and hopefully will be the extent of the financing they need. No interest will be charged if they make their payments on time.
I wouldn't necessarily fret too much about it. It does depend on your strategy both short and long term as well as risk, etc. Personally, I just picked up another 10K shares today continuing to buy as it comes back down after taking some profits. Could I have taken more, damned right I could have, many tens of thousands of dollars worth. BUT, I believe in this company and this is JUST getting started. Smart money knew what to do, maybe, maybe not, nobody can fully predict this stuff. The end of quarter news was good and solid. The MTI-X thing is huge, absolutely huge. Buying in at this price is smart. Buying in the 40s is an absolute steal (and I recognize I said that many months ago when it was in the 60s, so be it, it's all relative). If it goes back to the 40s I would find something else to sell in order to buy more.
Slowly selling ... so far 125K some at .0235, will continue selling as if it keeps going up. I have a strange feeling that they will announce something that will spike the stock, hence I am being conservative in what I sell, but, but, this company doesn't deserve our attention based on what they've accomplished, which is absolutely nothing. I want my money in a transparent reporting company, and I already have had enough bad karma in some that have not kept up with that.
I've taken advantage of the opportunity to continue to buy back in, today at around 60. Dilution, yes, we already know that, but we also know that they are getting money for those shares issued which they are using to build the business. Specifically with respect to this, the press release says:
"The Company confirmed that though production planning and scheduling had been underway, these tasks are now being driven to completion. The Company is fully engaged to incorporate the customer’s final specifications and schedules into the production cycle and implement, execute and manage all aspects of this new revenue stream. The Company disclosed that invoicing for the initial deposits necessary to launch production total $1.5MM and anticipate additional invoicing to support the escalation of production over the coming weeks. The Company stated that revenue from the production of the MLSE machines will be recognized in fiscal 2017 and should measurably impact both the gross and net profitability for the Company."
So I mean, is this just a bunch of hot air? I don't think so - it says they are making progress without any reservations or roadblocks - further confirmation that bigs things should be coming.
It is not clear to me if those shares being issued are already being sold in these rallies. I cannot find any language indicating a minimum hold period. But we also know when big news back in March spiked the stock, that there were a lot fewer shares and the volume still traded high, so I think its still a mystery exactly what shares are getting recycled, but I know that the largest holder is not selling anything.
Now the stock has pulled back strongly after the spike, and I'll take that, but as I mentioned in another post, one of these times the spike will not result in a significant pullback and the stock will just keep climbing, we just don't know when that will be the case, but I dont want to be caught without possession of a significant amount of the stock when it does. And so I realize that selling into these rallies and buying back at lower prices is a great way to average down, and I will continue to do that to some degree, but I also realize the risk of leaving a ton on the table by taking such an approach, hence am doing so in moderation.
I was told by someone whom I respect that he was sure it would pull back to the 60s, and I disagreed with that assessment, but it has turned out to be correct. Well, one time it won't be correct, and the stock will keep going - that's the risk of selling out too early. I will stick by my guns that 'nobody really knows'.