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we have languished here in this range for a long time. pretty sad really that people have accepted .19 a share. on one hand, it would be nice if the company would actually let us know what the h*ll is going on...on the other hand, every time they do issue a PR, the SP just tanks some more!
the difference is that mto isnt running a public company and putting out the info in PR's and then never following through on any of it or letting us OWNERS know why. of course you probably don't understand the difference.
i doubt there will be the typical spring run-up. there is no hype or anticipation. most think that the JDA will either be broken again by SNP and allow another extension...or if there is an announcement, it will be as vague as it gets.
and it looks like the ball was dropped (for about the 100th time) for the shell thing...so....
hey where's markgovols, ruby1100, BB, and oily to start the pump?! haha.
I really hope they go the working interest route. otherwise the next secondary will be at .10. if the only option is to dilute, we will all be better off just waiting to see if the JDZ is a bust or not and forgetting any other "exciting opportunities".
diluting for an at best decent property that will give a little revenue across nearly a billion shares (if they use the remaining 48mm) will not enhance any shareholder value at all.
so then how can you say you would be happy to sell shares for it if you don't want to speculate? can't have it both ways.
either way, selling 100's of millions of shares (if the full shelf is used) at near lows is not a good idea. there are better ways.
at least there's some life in this company!
so you are ok with dumping 100's of millions of shares on the market at near lows? it will make getting out of this range all the more difficult as by the sounds of it, this isn't exactly a spectacular block with tons of reserves.
i think a swap for some EEZ assets or even some JDZ assets would be the best bet for everyone.
the question becomes how do we finance it....if through dilution, look out below. i really hope we swap assets/%s. if we do that, it could work out nicely.
there's this concept in english grammar called possessive nouns. these are easily distinguishable by a noun or proper noun ending in an apostrophe "s".
example: Emeka Offor's ERHC
yeah and where's oilphant???? hmmmm.
did you expect anything different? who wouldnt vote for #1 besides ponzi?
good post - I agree. If phase one was so excellent, it wouldve leaked. these guys can't keep their mouths shut.
another loaded poll. you should add a 3rd option. the same wording as the second except replace "Sinopec will abandon drilling" with "Sinopec will still go to phase 2 drilling".
that's very dangerous. people should not be spreading select info that is not public knowledge to only certain people via email or PM. it's better to post it here (like AC did and unlike a few other select posters) and make it as public as possible or even better, keep it to yourself and not buy or sell until it is public. if people trade on it, it can very easily be construed as insider trading. that's about as easy as it gets for the SEC. emails and PM's don't disappear even if you delete them.
for someone who complained to the SEC about DK giving out supposed non-public info (I disagree) in emails, I am surprised you would say this.
good post snaye - totally agree.
reality sucks sometimes, i know. burying your head in the sand like an ostrich or closing your ears and eyes like a 5 year old isnt always the best solution.
you still haven't shown me your proof. sometimes you need to take the purple nike's off, set the kool-aid down and remove the rose-colored glasses. right now it is what it is and all signs (not conjured up thoughts in your head) point a lackluster phase 1. Why am i still here? I am here because I still believe in the assets and think phase 2 will be better. As I have said numerous times before, all the money i have in this, i can lose. i will be here until 0 or 10.
oh and:
You need to grow up MZ, shut up till then.
obviously the response of a mature adult (pot meet kettle)
i think this is pretty close to reality...I doubt we find anything out by March 1 though.
not good at picking up sarcasm are you, kind sir? thanks OC! (still contradicting yourself)
secure what rights? PN had nothing to do with where we stand today and what shell rights? Care to send a link where it says we have received any other rights or blocks outside of the JDZ and EEZ? My simple point (I know tough to grasp for you), is that we shouldnt be promoting the company until there is something to promote. We should be saving cash so as not to do anymore pointless dilution Once there is something to promote...I am all for it.
Also, isn't it you that says that this company begins and ends with SEO?? And isnt it you that constantly harps that SEO is the dealmaker and its through his and only is connections that we live/die??? If so, then why does PN need to do anything like you say? you are contradicting yourself within a matter of days.
ps...thanks for your constant compliments on my financial experience. I do appreciate it and glad you recognize it. and I do appreciate the constant attention you pay to my posts OC.
Simple question - what has his "influence" and where have all his previous trips to various parts of the world (read: massive expenses) gotten us? Oh yeah, 19 cents a share. I am all for promoting the company but not when there isn't anything currently to promote and instead giving our officers free trips all over the world at yours and my expense. Call it negative all you want but sometimes reality isn't positive...my proof is in the share price. Where is yours?
Most people leave that sort of juvenile name calling behind in high-school....
Your posts here to those you disagree with are often derisive and sophomoric
this came after you said this:
You set the bar quite low.
But glad you rate yourself well. smile
i'll let your posts stand on their own as well.
thanks TOB! but I still think you are FOS most of the time and will call you and anyone else on it. it's a public message board lad.
Speaking of time, 2700 hundred posts in 5 years. Solid.
(doesn't that include a number of long stints in jail? I'd hate to see your numbers when you aren't misbehaving with the ihub police)
Thanks for posting oc - your posts are appreciated and your investing prowess admired:)
(speaking of time...~2700 posts in 5 years!!! Heyyyoooo broke back)
TOB - what age do I need to turn to be respected? I am concerned. Seriously, what age makes me mature and what older age then makes me old and out of touch? this is all so confusing and I want to make sure I take advantage of these magic age periods.
dance dance dance.
that was AMJ. again, facts are wrong. go figure.
lol. there it is AGAIN.
there it is again...always dancing...
it's quite simple:
you implied that PN speaking correlates to success in the JDZ
I said it will not and never has (based on actual events).
call me negative all you want. I see it as reality...we are trading in the teens after all these years. I am still optimistic that phase 2 will be good but I dont see much excitement from phase 1. again, reality...not kool-aid. I look forward to more obfuscation from you.
ahhh yes...another post by you that completely dances around everything and obfuscates and puts words in people's posts when you realize...
you know exactly what your post was implying and I never said I didn't like the odds of erhc, otherwise, like you say, I wouldn't still have a position. also, I never said that being on a MB gives me expertise...I said it gave me experience in this particular instance: that PN speaking in the past has never had anything to do with with successes or failures in the JDZ, even though people like you seem to think it will (over and over again).
again, stop putting words in people's posts.
#235987...waiting.
if negative = reality and then I guess it's negative. How long have you been here? I have been here since 2005 and am basing it on experience. how about you? You're a numbers guy(albeit backwards sometimes)...probability says that it's a non-event based on literally EVERY single previous speaking engagement PN has ever done. do you like those odds? based on your definition of risk and returns, I am guessing you do.
Interesting, why would Peter Ntephe be speaking at Africa Oil Week if the JDZ was a bust and about to fold? (As some have suggested due to the disappointing first 5 wells.)
this line has been uttered on this board too many times to count. there have been plenty of speaking engagements by PN where there is nothing new to report and nothing comes out of it yet the board gets in a lather. just another unnecessary expense for the company...nothing more.
agreed - great news. This was written down to 0. anything greater than 0 is good news!
Thanks for your posts pepsi...they are valued and appreciated by this investor! Speaking of Buffet, why does he continue to use a public entity? After all, he is only a partial owner of BRK's stock and yet he continues to do acquisitions through that entity. Surely he has enough capital to start a private company that he can own 100% and buy assets with? Why doesn't or didn't he ever do this??? Maybe YOU should contact Warren - his biz model is way off!
Who said anything about content?? I just happen to be in tune with the reality of the situation...
that's your best one yet...
offer's still open. just send me a PM with your deets.
here we go again...(how them turkey's doing?)
the fact that you are content with this is truly sad. you should probably stick to money market funds.
actually on second thought, I have this great investment. You can own a part of this bridge I own in NYC. send me a PM and your bank account info.
you do realize there are great advantages to being a public company and offor will try to hang on...advantages that chrome doesn't have. there's a good chance there will/could be more to this company than just the jdz/eez. if you don't understand these advantages then well...(I'm guessing you don't)
ahh I knew it!...truly a pathetic existence.
Don’t worry about the world coming to an end today; it’s already tomorrow in Australia
-Charles Schulz