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I can't believe that you are saying that Jerry was trying to look-out for shareholders interest, you got to be kidding. what a joke. Jerry TOOK everything that he could from the investors, he only gave back his shares because no way could he justify keeping them (stealing). He at no time ever told us the truth about anything. I may loose every dime that I have in this play, but if Jerry and Gregg go to jail for five years than it will be worth it.The harm that people like these two do to pink stock markets is unmeasureable. If a investor can not believe anything that is pr'ed than how can anyone invest in a stock.They are hopeing that we will go away and forget, thats not going to happen.
My trading account states that my shares are worth .25 now, they used to read 1.50. Not good, down 97%
Up You GO have you sent in your complaint form yet??? All that have lost money here need to bombard the SEC with complaints. The more complaints the better.
Thank you for your reply.
My complaint was sent last week, I told them that more detailed info would be coming from my group. Has anyone compiled the prs and other info and sent it to the SEC??? I believe it has been sent, just checking. I still hold 1710 shares of AMGG.
Read post #90 on Buyer Beware board, it will help you to understand.
I still have all of my shares and want to see AMGG start to trade. Believe it is the only chance we have to get back our money. Don't know what connections Parker has with old gang but it doesn't matter, this stock needs to trade, bottom line.
Raggmuff, W hy don't you put your DD on the RYAV board for all to read?.
Thank you for the info, wish I had known all of this earilier.. Rick came in at the end, it was to late to sell. I have sent a complaint to the SEC AND hope everyone else does the same. Maybe if the SEC gets enough complaints they will act.
RGNO did what no shareholder thought they could do, they walked away from the company and gave no reason to anybody. No pr, no nothing. No accounting for assets, nothing. If your going to invest in pink stocks you better know whats going on with the company. We thought we did,we were all wrong.
Does anyone have the Fax number of where to send complaint form to Mr Thomas Bauduint?
Well, Maybe KA reads the board and will take a look at them since he is probably down that way. It would be grand if we could drill a couple of wells each month and maybe a few for the other O&G companies in the area. Hearing something like that would really make my day.
It would be nice if Hemi had their own drilling rig but they don't, they must wait in line. When they do get a nice chunk of extra change I hope to see them buy their own rig.
Am kinda new at this new shell game, so lets say this new shell already has 10 million shares held by shareholders, that puts no money in the hands of new company, or am i wrong on this? New company gets money from all future shares sold? It would appear to me that new company would want a shell with the least amount of shares in it, does this sound about right? Anybody.
Has anyone heard how our new well might be coming along? Looks like we are going to need a pr before pps does anything.Does look like we found a bottom around .06
I traded ctgi with Fidelity today, no problem.
Is there a free site online where you can go to watch the price movement, nothing here seems to be working?
CTUM is no longer, now CTGI , some are talking the shorts are going to get a surprise tomorrow, we'll see.
Anderson read all the prs, how mush of any of it came true? I'll save some time, none of it. So, if they told us all lies that would be scamming us, right. And if they took all the assets out of the company that belonged to shareholders I think they call that stealing. So, calling them Scammers and Theives is what they are. They have the opportunity to tell us what happened with our investment, they choose not to tell us anything .
I was getting ready to send a copy of what ragmuff posted the other day by fax, is that what other people are doing? I don't have any thing else unless I copyed all the prs. I figured cuppy was going to put them all togather and send them in.
State of the company out, wow, did we get taken. It should be obvious that we are dealing with organized crime and I'm sure the SEC knows all about these guys from their past business practices but have done nothing. Why have they been able to continue to steal from investors? Because we are the little guys that nobody listens to, we are easy pickens. Money talks, bullshit walks. It would take a lot of money and time to fight these crooks in court and they know it, they've been thru all this before. They have to figure we will scream and stomp our feet and then go away mad. Unless we want to spend a lot of money on lawyers, WHO are going to be the only winners here, we will have to start a organized complaint and letter writing campaign to the SEC that they cannot ignore. Kinda makes your blood boil thinking Jerry and Gragg are sitting back eating a big steak that we paid for and laughing at all the dummies in pinkyland. I have no doubt they figure to walk away from this with money falling out of their pockets.
Thank you for the information, guess I'm watching this way to close. Very interesting stock to watch and invest in.
Starboy.... I was looking at the 5 day chart and wandering if that is a cup and handle as I have heard about at times?
I'm as down on RGNO as anyone here, can't hardly believe that they would walk away as they did. If they have taken assets and ran for the hills than I will be looking for some justice , as I'm sure we all will. If RYAV opens for trading before we get a pr I would not want to be a positive poster on that board. They for sure will get an ear full of what people think of the management of that company.lol Rumor is we may get pr this week , I doubt that they will be explaining what happened with RGNO, as long as there are reasonable assets to add to the new company it may not matter, we can only hope that there will be. Jerry and Gregg want to start new companies, their reputations in their past business is going to make it very hard for them to get new investors.lol
I was in a R/S awhile back and it started trading at 1.00 and went to 2.20 , got out at 2.00 and broke even. Don't know if this could happen here, but who knows. The numbers may look good, not sure til they come out. I'm not sharp enough at this stuff to tell people what they should do, however I would like to wait until they start trading before I go looking for a rope. It may not do any good, but what is the harm in waiting? And remember I also have a lot of money to lose here and would hate to find out that I could have gotten it back if the right moves were taken. Just something to think about. GLTA We still do not know for sure that there are no assets.
I do find it hard to understand how Jerry and Greg can walk away from RGNO without a word to shareholders and both open up another company almost overnight. I mean really, why not just beat us on the head and take our money, there wasn't much differance. If the SEC can't see this as hiway robbery they would have to have their eyes shut. ( some say they do)
Yes, They probably do read this board. I see no trading today on this stock, so, guess there could be something happening with the SEC. I do hope they have started looking into this stock. GLTA
Maybe they will talk to ya, never know, Just stay calm and and see if they will open up. I would not tell them everything that I know. I do not think they will say mush but never know til ya try. GLTA
I was in Fri at 1.86 for CTUM and today 1.72 but I see it is still going down, Oh well.
PIZZA......Not sure why Jerry does not still have shares, but was thinking maybe, just maybe, he gave up the shares to the new company in some kind of deal to save himself. Most have given up hope that there are assets but who really knows at this point in time. Giving them one more week for a pr before things start getting hot may be the thing to do, but what the hay do I know.
Peachman, We all did good DD when we bought this stock, none of us could have known about all the lies that were being told by Jerry and gang. After rereading all the prs I understand why I bought in the first place, this really did appear to be a undervalued and sound O@G play. Not being reporting a person has to put some faith in the CEO and what he is telling us. In our case, we found a dirty CEO, we had no way of knowing until it was too late. I am somewhat new to pink stocks myself last summer and did not realize all that goes on here in pinkyland. Have learned a lot, good honest management is a must when investing here, which is not to easy to find , they all seem to push the truth to the limit. We will work our way thru this, probably with less money in our pockets, but hopefully a lot smarter next time.I ALSO will be here to the end and will do whatever I can to help. Being an old retired coal miner with a pea brain might not be much. Whatever you guys think we need to do I am willing help or follow your lead. GLTA
I must also be a true long, averaged down five times and hoping that I don't have to do it again. The chart does look to be leveling- out, looking for more production in the comeing months. The FW leases would really add a boost if things turn out for the best.Need Hemi to pull me out of the hole I've dug in pinkyland. GLTA
My Fidelity account used to read 1.50, now it reads .24 a share
I don't know, talking to myself. Trying to figure out if this has a chance to go anywhere. Your right, to many variables at this time. Would have been nice to see a pr today.
1 mill float is pretty low for a company that is grossing 2 mill a year isn't it? They must want to expand the company. If a person knew nothing about RGNO and was just looking at the new company only, would it look attractive to get into?? Most here are better at this than myself, any opinions how this looks from an investors stand point. At 2 mill gross a year what should the pps be at if the o/s stayed at 1 mill for awhile?
moneymogul2b........ Glad you liked the article on MM's. I thought it might fit in with what could be going on with HMGP.
EXCELLENT ARTICLE FOR WHOLE BOARD;
This could be going on with HMGP
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
Sorry it didn't work out for you and me too. I was basing everything on prs that showed things were in good shape to move-up. The one thing I didn't take into consideration was that everything told to us was a lie. I have said it before on other stocks " If you do not have a honest CEO you have nothing" I'm sure many have found that to be the case in pink stocks. Good management is sometimes all you have to go on down here, should have seen the light a long time ago when " ACTION JACKSON" showed-up. They were making fun of us back then coming out with this nut. Big game to them, easy money for them. We will get to the bottom of this in time, I don't see people willing to walk away from this without some " due justice" for all of us. GLTA
It was mentioned that this might start trading on Wed. They may wait until closing on Tues. to come out with something. imo If assets are gone S..T will hit the fan and investors can start organizing to take action against RGNO. I know some have already started, however there are a lot of us who are waiting for the pr. If legal action is going to be taken than hanging togather as a strong group will work best. imo
This may be a very enlightening week for all if we hear from the company. If things turn out as I suspect it is going to be interesting to see how the SEC handles this whole mess. This should open the eyes of many as to wheather our SEC is worth having around and if there really is any protection for investors from pink slip companies that will outright lie to people to get them to buy shares. GLTA