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To all: I had to delete a bunch of posts that were insulting or OT.
This board WILL NOT return to the previous free-for-all it once suffered. We have one recent banning by the I-hub admin's and we do not want to see another. Keep it above board OR learn new habits or take your trash talk somewhere else.
Some of the posts were fine, until a last parting insult.
This is a public warning that this type of posting will NOT be tolerated. Either participate in the discussion and do not post OT stuff or you will be deleted.
I have PM'ed all offending parties. All have be privately warned.
The heart of this board if for the discussion of EDEX, its strengths, weaknesses, and its future. It is for investors in EDEX. (BTW: Investing in a company usually indicates a desire to see the SP rise, and does not include doing everything in ones power to tear down the very stock one invests in.) This does not rule out discussion, but should give you all a clue that needlessly tearing down a company will not be tolerated.
For the 3rd time: There are no 1st ammendment rights here.
Go visit the nearest public park for that right. And NO, you don't need to be an investor to participate. But "participate" you must.
Needless tearing down is not participation and will no longer be tolerated. Too many are too comfortable with this habit. Its time it stopped.
Keep it on topic and regarding EDEX. Tell us what & WHY.
Play nice.
Mod.
HW, thanks for the kind reply. Yes, I know that you hope EDEX comes thru, as we all.
Unlike you, I don't hope, but am looking at the current situation of drilling, pre-results, of the ND drill and Mesa. To me it is no longer a matter of hope, but time. I'm willing to wait patiently. Of course, this is IMO.
I also don't think we will really see the bright side of the rainbow until later. It will still take some time and some more dilution IMO.
There are many more than EDEX I-hubbers who are paying the bills. Several million have been invested so far. These don't invest in pipe dreams. Again, I don't mind the wait until/if it pays off.
Sorry you went over to the dark side. Yes, I agree that we are along for the ride until the good side of the force prevails.
Do you continue to hold EDEX?
dirt, then head for the exit. If that is indeed what you see, then maybe you should follow.
Unless, of course, you understand the reasons it took so long for the permits, the current numbers that have been measured/projected, that completion is expected, etc....
By the time you get the fact it appears you want, and the variables will be known, then the sp will reflect that information, within reason.
So, start your own research or follow where you say feet are heading. You forget to mention, that for every foot exiting, a foot is joining. I can tell you that many of those feet are well informed and share a very different opinion.
So, vote. Either way it's fine with me. It is, after all, your choice. I for one think that you are pretty smart.
HW, sounds like sou grapes IMO. That will cloud all your thoughts and IMO it has. Lets see:
Mesa drilled: Check
ND drilled: Check
Mesa completion paid for, and expected to be completed before the end of the year: Check
Lots of acreage tied up as promised in NM, ND, TX as promised: Check
Future Bright: IMO – Check.
Current SP? - in the toilet. No argument there, I even expect it to sink lower!
A temp. issue: IMO, yes.
Yes, at some point I expect the future to be bright, for EDEX to drill other locations in NM, ND, TX, and other locations. IF these happen, yes, we will eventually be a $9.00 stock and issuing dividends. I’ll be sure to remind you. I still don’t expect this for several years, but expect it I do should we drill what is on the current plate.
The difference between you and I is that I see and understand the future, I understand the current dilution and resulting SP, I’m not bothered, you are. I see possibilities, you see sour grapes.
However, I am calling you to rational thought and action. Are you still holding shares? If so, your own words betray you. Again, your words and actions are the opposite. I think down deep you know its gonna turn around and head skywards. Even if it takes time. If not, and you actually yourself believed what you are posting, you would sell, as any rational person would. So, which is it? Irrational? or just venting sour grapes? or both?, or none?
In addition, I sooooooo disagree with the remainder of you post, from research to your continued reverse split pumping. I’ll leave those to different sour grapes responding posts which may or may not be posted at any future date.
And yes, it still sounds to me like you have a personal vendetta against TL. Money has a way of doing that to some.
Who has said there has been any change? Who said there has been any new arrangement? IMO, the company hasn't, and I haven't. IMO, nothing has changed to what EDEX plans to do.
Please read carefully:
You can have a plan. We are going to do so and so. This is our goal, these are the percentages, etc.. As time and productions numbers come out, the percentages can change. The whole goal could change. Ex: We are going to sell a 50%wi. We are looking for 5 investors for 1 million each for a 10%wi.. New: We are looking for 4 investors for 1.25 mill. for a 10%wi. - due to better production numbers. (These #'s are totally fictional.) They just represent that things can change from the original goal. In the above illustration, a 10%wi was changed due to better production numbers.
This DOES NOT MEAN that anyone lied or mis-represented anything. They just told the present reality and goal at that point. The final reality will be what it turns out to be.
(Example: In drilling the Mesa, Tom and others were told by the driller that we will start drilling "next week." Tom shares this info and the driller does not show up. No one lied but the driller. Tom told those who called what the present reality was. {For a further point: the one's who complained and demanded info: now, now, now, seemed to be the first to shout: Tom lied!!!!, when Tom told them what the driller had communicated to him. The driller was the one who did not fulfill his word.} BTW: I'm not defending Tom here, I am only explaining the difference between realities at different points, even though the end goal basically is the same.) The point is that the Mesa WAS drilled as Tom said that EDEX would drill the Mesa, not on EDEX's timeline, but the drillers. An issue over which EDEX had little control. The completion is planned to be finished up in the next few months.
What EDEX is thinking and planing at this point can, and probably will change in the future as real #'s become known. The goal and plan of a free ride is still the same. The percentages? who knows.
I agree that an official new release should be released when the numbers and plans are finalized and it is appropriate to do so. Until then, you or I could call up and get the present realities. But that is all they are. So, you have a choice: Wait or call.
For now, you are not going to get ANY INFORMATION unless you or someone else calls. The info received is only as good as the current day. I've no problem with this. Understand this: You can't have it both ways. Demanding info, and then complaining about the info when someone calls. Therefore either be patient until the company releases a PR or take your demands to the mirror.
If you can not live with the above, I encourage you to leave wildcatting alone as it is not your cup of tea. This is not an insult, only a indication of risk tolerance and temperment.
HW, let me comment on your post one other time.
You seem to always know better what EDEX "should": Do and Be, better than EDEX/BoD/Tom. This has been a constant issue for you, and it surfaces here yet again.
Some thoughts:
1. Maybe you do not have all the information that Tom is looking at or the BoD is considering.
2. Maybe they are withholding that information until the proper time.
3. Maybe it is smart to get real production numbers BEFORE issuing other contracts/investment opportunities.
4. Maybe there are other companies involved which do not allow for the information you, in all your knowledge, have said should be posted.
5. Maybe, maybe, maybe. Maybe we could list a score of other possibilities, yet, IYO, you know what EDEX should do and have done by now. I don't think so....
The point of the above is the neither you, nor myself knows, what the BoD knows or Tom for that matter. For either of us to rush to judgement and proclaim in our limited knowledge is foolhardy at best. Please reconsider the constant refrain about what EDEX "should" be doing.... I also recommend this as it will bring clarity and calmness to your posting.
And finally, I disagree that there "should" be a clear and definitive answer as we don't even have real productions numbers on the first well! The first well is always a key and critical well. The information gleened from the first well can affect all the rest. Production numbers are also critical. It is proper to withhold further contracts until these numbers are known. So, I've told you I disagree and I have stated the reason why.
IMO, its not in the ignore file, its just a premature conversation.
Now, please here this: Again, the question is a relevant one. It's possible that its not yet time for that question to be answered. It's possible that the answer is totally impossible to find until...
Absolutely Copley! The production and future projects will take care of the sp, even in spite of current dilution. Yes, the sp will not be as high as it could be, but IMO it will still be and is a mammoth play.
HW, very easy, call Tom for yourself and ask. Find out the plan for yourself. I do agree that it is relevent!
The question was answered in the past. Seek and you will find. Then go verify for yourself.
So, do it.
NN, some good and honest questions. Off the top of my head:
1. I've found that most of the constant bashing is done by those who have done little if any real research. Therefore, I encourage them to do it themselves! Nothing better than source information.
2. Arguing with the naysayers and negative ones only produces more argument. They then twist what you said and create the havoc of the past. Ultimately, their arguments are not with you/me, but their own bitterness/emotions. So, If they call and actually speak with the people who actually know whats going on: a. They will get the real info; and b. they can argue with them, not me, and not with/on this board.
3. The sp will eventually take care of itself when production and time takes place.
4. I agree that dilution is taking place. I don't like it, but I understand it. IMO, my efforts here will not affect the sp very much until production takes place. In this light, I also like the opportunity to purchase "on sale."
5. If the posters on this board all do DD and all become quite knowledgeable, the past problems will mostly take care of themselves, - all but impatience.
6. Some can say I am a pumper, but I'm not. I consider my self quite balance and am factual oriented. If I am wrong, I will say it. If I post facts or my projections, that is not pumping. I am not going to do anything to "pump" the sp. I will try to let the facts do that. If the time in the future comes, production numbers and future projects will do the talking/pumping in and of themselves.
I know the above does not really answer your questions, but it lets you know at least a little of what I am thinking. Whether my thinking is accurate or not, beneficial or not, productive or not, is up for argument.
In the previous post I just posted, in the same article you will also find this paragraph:
"I think and I might be wrong on this some of the start of this was due to some success in the Barnett Shale down in Texas, a gas reservoir with similar type of rock," she said. "Not really what we'd normally call a reservoir rock, more of a source rock. Now technology has been developed in the last few years that they can actually go in and fracture-stimulate these wells. It worked down in the Barnett, and there was a group that tried it in Montana in 2001, and had very, very good success."
I'm not gonna comment on this at this time except to say, that if you do your DD and research, you will find tremendous knowledge and confidence in the above paragraph.
Happy hunting.
Good find king.
Here is a good article regarding the confidentiality status.
http://www.4eyes.net/usrfiles/Drilling%20the%20Bakken.doc
One quote down in the article is:
"LeFever explained the state's confidentiality policy further.
"When they apply to drill, they can ask for the well to be what they call 'tight hole,' and the confidential period is six months," she said. "So all the information that the state gets from the well is locked up for six months. So if they figure out a magic secret, nobody else will know about it for six months. But you can bet that companies watch. All that information is available online, and they pay a subscription service fee for it, and as soon as it comes off confidential status it's online.
"What (confidentiality is) usually intended for is not so much the Bakken most of the Bakken acreage is leased. But what it has been intended for is that if somebody makes a discovery and they don't have all the acreage tied up in an area, that confidential period will allow them to go and contact and lease the minerals. That's the major reason behind confidentiality. Ours isn't that long our Canadian counterparts have a yearlong confidentiality period. It just depends on the state, it varies state by state."
The whole article is a good read for general background.
The benefit of PIP is that it can find the tops of the reef structures and pinpoint them with good accuracy. The traditional methods have been unable to do this.
I know, I know..... this is still up for debate among many members of the board. The only answer for the debate is TIME. Time will tell and prove or disprove. But for all sides involved, the next 10+ wells EDEX will drill in ND will all be PIP picked. So, It looks like we will have an answer within the next year (2008).
Place your bets wisely and no whining or gloating.
D, glad you are doing some DD,
Please spend some time w/ Calvin and or Clayton on the phone before you call your other sources.
The phrase: garbage in, garbage out is really true.
The more accurate info you can get from the geologist on site from the ND well, the better. And, the more accurate info you can give to your other sources.
This is the key, accurate info. Get as much as you can and your conclusions will be better.
Go for it! Let us know.
Top Hat
Thanks for asking.
I'm not privy to anything you, or any shareholder can't go and get for themself.
The only difference is that I have called Tom 2X so far this year. I really ceased to be amazed at the vast numbers of shareholders (from all realms of stocks) who do not do any, or do little homework, who don't read reports or even take enought time to listen to stockholder meetings, etc, where these things are available. The funny part is that then, they get jealous or angry at those who do (Note: I am NOT saying you are). The point is that people don't do any work or research even into the stocks they invest. Cramer has talked about this many, many times. I choose to research, call and involve myself as much as I can in the stocks I invest in.
If calling is not convenient, try email. Everytime I emailed him in the past, he responded. The email address is on the Eldorado website.
Love or hate Tom, he has always proven accessable and returns calls and emails to everyone I've ever talked to about this. This is more than I can say for most of the CEO's of pink sheet companies.
So, call or email for yourself. I've encouraged all the do this numerous times.
PR's do cost $$ so they are limited.
Very good Dirt, thanks for the post.
I stand corrected. The last time I spoke w/ Tom we talked about some other well possibilities west of the current drill (and the 13 we are planing) which are 5400 vs 9,600+ feet down. Those can cost about 800K. So, I mixed up the two locations.
You are right about the numbers you posted. That was my mistake and I stand corrected. Thanks for straightening me out.
As far as the head pressure testing and flow rates, I agree that they can have those from initial, but IMO, the real rates will not be known for a month more, until after they get all the stuff (hardened mud acting as a plug) out of the bottom of the well. The difference between this well and a normal well is all that hardened mud. I would agree with you normally, but not in this case. IMO, the initial flow will be much lower than the flow one month later, this after talking to guys on site. My posting about flow rates reflects this senario specific to EDEX's specific site.
As far as timing, I posted that they should be done by the end of December. I too agree that it could be much earlier. I was trying to be conservative in this guess. I too hope for earlier, and honestly expect it. (Remember, that I was told by another poster that it was fantasy to expect it by December's end.) In theory, it can be done much quicker and I hope it is. However, this is EDEX. What has ever happened on time. (Sorry for that last comment, but it is a reality.)
Time will tell, but thanks for the correction.
WC2, It will continue to be slow around here until we have real news or reports regarding ND or Mesa.
Until then I will try my best to keep people from chewing on each other.
I don't expect news for a while, maybe Nov. as a random guess.
To All: Keep your posts on topic and without personal attack. The past jokes about losing life savings will no longer be tolerated, keep them off from now on.
Play nice and keep posts on topic.
"Question: What if someone is bashing the same topic over and over again? We’re tired of it!
Answer: This is a part of the fine art being an Admin. The best way to handle it is by letting Matt know, it’s his job to deal with the tricky cases, that aren’t true spam, but are just flat repetitive. The same goes for pumping. If someone is just senselessly pumping, let Matt know. Neither go over well on this site." This is from the Mod's Handbook.
So, yes, when all one of the bashers do is constantly repeat their same mantra of: I hate Tom, Tom lied to me, blah, blah, blah, yes, eventually they will be removed! And I will begin to more quickly remove those posts after repeating warnings. The same will be true for blatent pumping.
To the specific instance you were refering to: I was trying to be kind and letting/encouraging them to do it themself before it gets taken from them.
BTW: Yes, I have that right. Read my intro mod post: There are no first ammendent rights here.
BTW: No, everyone here does NOT have a right ot post their thoughts/opinions ect.
Get a clue. It is my hope you don't have to learn this the hard way, but learn it you must, if you want it to go well with you here.
Tdog, you think that it is those on this message board who are putting up BIG money and doing DD?
you wrote: "TH, and who might this be? The ones with any sense got out with Lowman, those still hear are the ones who need a reality check when it comes to DD."
You have got to be kidding. We are small fish. Who here is putting up the hundreds of thousands to drill the MESA? Not someone here!
Get real. The people who are putting up hundreds of thousands of dollars for drilling (MESA) are not posting on I-hub. They don't do their DD on this board. The do real DD.
Your post was almost insanely funny.
Thats the reality. Your negative, glass half empty complaining does nothing to help. Figure this out.
So, you know the score, either accept it or sell and move on.
I encourage you to take all your P&M some place else.
In addition, before you go asking 'why?' here, go do your own DD and answer your own questions. When someone else is kind enough and does it for you, all you then do is P&M about it and bite the hand that fed you. You've grown quite tiresome and have more than worn our your welcome.
Either add by research or take your constant criticism elsewhere. That's my opinion.
Dirt, please go back and actually read past posts of those who've been on the ground in ND. Most of what you post has been blown out to present an (purposeful?) negative reality. Some, but not all thoughts:
1. Because of the hardened mud situation, we will have to wait for the well to produce for a few weeks before we have an accurate flow rate. These real numbers will be what matters. Not an initial head pressure. People with money want real figures.
2. Your multi-million dollars per well is times to high. The next wells will be much more shallow. Do some homework instead of sitting back being a critic with really wrong numbers. If you had done some DD, you would know this.
3. Jan/Feb is a realistic time frame. 3 months for completion, one month to get the mud out and a realistic flow rate. (Funny, last night I was told I lived in a fantasy world for thinking it would be soooo quick. Others on site have said we can do it in a month shorter.)
4. There are people who have done significant DD and have invested likewise. It is not surprise that some own 10M and more. They understand the issues. I find that most of the critics/bashers really have little facts (other than the whining about S/S and SP.) The ones with real money, do real DD and put their money where their long term viewpoint is. I'm going to listen to them with a lot more serious ear than the resident critics who produce nothing.
I understand how you can see it that way. But,
I am still waiting for what I consider the good news: The production numbers which hopefully should be out by the end of January or Feb. The news so far is good regarding ND as we are pursuing well completion, but the real news will be production. If the production numbers are good, then EDEX will have their monthly costs covered, new shares will not funding the monthly costs, and the sp will reflect this accordingly. Additionally, the field in which we are drilling will prove and then the value added will cause the SP to raise. (Point of clarification: this is IMO, since some can't figure this out.) Should production numbers be poor, EDEX SP is headed down quick.
Sadly, I never agreed to be on the other persons bandwagon. I only ask others if they would change if good news comes out. (Again, still waiting for numbers.) You are welcome to check this out, but you won't find my "agreement."
You and I will both agree that we will go sideways until then.
Once positive production numbers are released, I do expect the sp to bottom out and begin to rise. (I too think that they would go even higher if the share structure is taken care of.)
What will change is when EDEX produces oil/gas.
It will then change as profitibility comes. I will wait patiently for this.
Tdog, you and I both agree that it will change more if the share structure is revisited by TL, but when EDEX begins production from NM and Mesa, it will change for the better.
So I guess this is all a big joke to you.
You post you lost, you react all hot and heavy, and then declare I was only joking (with no references in your post to indicate?) Doubt it. I guess your mom did put a leash on the dog.
Investing is no joke. This board should also not be a joke. It should be a place for meaningful discussion.
The joke is on those who do not do thier homework, either as the lack of a gain or a loss. The joke is also on those who listen the the bottom feeders who would manipulate them to buy or sell.
I do my DD and place my wagers. If I win, I smile. If I lose, I don't P&M about it or carry a grudge, or blame someone else.
Do the homework for Eldorado. Don't let pumpers or the bitter bashers deter you. Check the facts and then make an intelligent decision.
Please post my "wager."
Harsh,
Wow, which part of "here is how I see it" did you miss?
Of course it is my opinion! News flash. Anyone can figure this out from reading. Apparently you are unable. So, what is the real reason you have to harp about it?
I have talked to Tom, I have talked to Clayton, I have also talked to others. (BTW: There are such things know as preformed pads that can be used to reduce time! How about that!) I took all available info and said how I see it. Funny, Tom says the well should be done at the end of the year. BTW: done = starts pumping. I said that it should be pumping the mud out by the end of Dec. Wow. Boy, those are different as night and day. (Reality: they are very similar. But to you similarity = fantasy.)
Bottom line, I said this is how I see it. I did not say this is how YOU would see it.
So, let me try how you see it: Nothing will ever happen, Tom will rip off investors, I will continue to lose my investment and will daily P&M about it because I can't face myself in the mirror. EDEX is a loser and I am proud of myself to hold on KNOWING the SP will continue to go down. I am not smart enough to sell now and move on. HarshWords.
I think that sums up every one of your posts. No surprise there. But, you don't see me pointing out over and over that it is conjecture on your part.
So, can't stand someone else having a different opinion after doing their own research, while you do none? That is real fantasy. Funny, Tom said the end of the year, others have indicated earlier. I indicate that it should start pumping by the end of the year, and it still taking a month to know the real flow. No fantasy there. Opinion based on research. Mine.
Rather than sit there being a critic, what's yours, and yours based on your own DD? None.
I did my DD and drew some conclusions. My conclusion is very close to things Tom have said. But you can't have ANYONE dare to say anything positive, even after doing their own DD. Wow, that says a lot.
Just for review, here are the offending words: (Let the reader decide)
"ND: The well should start pumping by the end of Dec. Yes, in my timeline, it will take this long. If it happens by the first of Dec, great! Once pumping, it will take a few weeks to get the crud out of the bottom and begin to show what the real flow will produce. I would look for the BPD after one month to really know. The only present hold up is for some specific piping and a special pump which EDEX is waiting for. As soon as that comes, we can start the completion process."
Good question. They are waiting in the wings for the results of a field. 5 wells should do the trick.
Well that explains quite a lot. It does tell me where all the emotion (vs. logic/thought) comes from. It shows me where all the bitterness comes from.
I've no reason to doubt that you and your family were too foolish/greedy and did put an unreasonable amount into EDEX. Should that be the case, you got what you deserve.
Is it sad? Yes. It it fair? Yes. Where should you take all your P&M'ing? To the mirror and not to this board.
Tell mom to get a self propelled. Or, put your $$$ in another pink (with your wisdom/insight/intelligence - all things you are trying to portray - it should be no problem) and reap some profits and buy her a riding mower. That is, if you really love her. And don't go cheap. I'm sure with your brilliance you will turn a forture in the pinksheets. But her quality!
"Never mind."
Kingman, glad to see that at least you get the bigger picture.
All this will take time. Here is what I see:
ND: The well should start pumping by the end of Dec. Yes, in my timeline, it will take this long. If it happens by the first of Dec, great! Once pumping, it will take a few weeks to get the crud out of the bottom and begin to show what the real flow will produce. I would look for the BPD after one month to really know. The only present hold up is for some specific piping and a special pump which EDEX is waiting for. As soon as that comes, we can start the completion process.
After this knowledge, new partners will join to drill the remaining 13 wells. Because of Tom's leadership and ability, the wells will not cost EDEX any funds or shares and we will get a free ride for the rest of the way. I would not even guess at the percentage, but if we were to get even a 10% free ride, EDEX will be well on its way. I am hoping for 20%. Time will tell.
Expect this to take time. (I am not in this for the short term as many who want and are demanding a quick buck are snorting about.) The contracts will take some time, and the drills will take some time after that. NP for me. Eventually, the SP will catch up to the reality of what EDEX has and will become.
The same will be true for MESA. We know we have a producing gas field. We still need to drill 5 other wells, in 5 different areas. If the results are consistent, than we can repeat the process. We can then either develop the field ourselves, hire a developer to do it for us or sell and proceed to the other 2 fields to the west of Mesa.
Here is the truth: EDEX was NEVER a short term investment.
Bashers can spit venom all they want, but EVERY knowledgeable investor KNEW that even if we struck gas (and we did) that it would still take at least 2 years for a pipeline. There is no surprise here!!!! 2 Years. All knew this or should have known this before investing. Again, this investment was never a short term, turn a profit stock.
Should that be what anyone is looking for: A quick pop in the SP, go elsewhere. I predict, that should EDEX turn the corner a slow and steady long-term climb.
EDEX will turn a corner with ND and MESA. It will take time. If you can not handle it, go play in another sandbox, as the board doesn't need the p&m that it is constantly getting from those w/o patience.
Hey Dawg, welcome back, glad to see you. keep doing what a dawg does, dig.
Reverend Jones, I respectfully will decline should koolaid be served.
Thanks lex, and I will try to be fair and balanced.
You will note that I have not deleted any posts even though a couple actually meet I-hubs criteria. (Actually I just deleted my own post: a double post, so you will see one missing, #223180)
I am for balanced debate. Thanks for participating.
No lex, it does not reflect that "fact."
He may only be positioning himself to sell if the SP rises enough to warrant.
If an insider is actually "trying" to sell, the register and then sell. That is trying. Or, they just sell and post register the sell.
By registering repeatedly, on an ongoing fashion, for a just incase the price rises enough to warrant, and NOT selling, is not trying to sell. Again, it is only placing oneself in the position TO sell, should the sp reflect a proper level.
Harsh, very good and insightful. I agree with much you said.
I would add two further things.
1. Badge put it this way: trust but verify. Messages boards are no place to do this.
2. Time. One must take time with the primaries to know their character and integrity, their honesty and committment, their nature and ability. I have spent days doing this. I am at peace with my decision. In addition, I continue to be strengthened in my decisions as time passes.
And what pretell did I share as FACT that I got over the phone? (The answer is nothing. Please reread my post.) The truly goofy part is that you even admit it yourself: "What facts?"
Whatever facts that I did post can be verified by independant research. (Hint: SP, and that no insider has sold, oil production.)
Please re-read my post. Last time I checked, questions are not facts.
Your post makes no sence. Further, it then pretends to jump inside the mind of Tom and the BoD and proclaims to know what they are thinking and their deep secret motivations.
Wow! Amazing! You should put your ability to know in secret to good use in the stock market. You would make a killing. Or maybe you actually really have no clue, are truly guessing and lost money. I bet you lost $$.
Anyway, back to my facts and questions. Re-read my post, figure the difference between the two, meditate on it if you need and you will eventually see.
Wishing you the best.
Harsh, the truly sad part is that you yourself do not even believe what you wrote! You absolutely disagree with what you wrote by your actions.
Either you believe your hermeneutics and you sell, or you know your summation is NOT true and you continue to hold. Deep inside your fertile mind which twists so much, you actually know what is really true and you are holding.
Yes, you are holding, and for good reason. That is the bottom line truth.
From that you cannot hide.
Lex, since you KNOW what is happening, please answer:
1. Who is the lead on the current ND drill?
2. How much did the rights to this site cost the buyer? Why did they allow EDEX a %?
3. What is the production rates on the nearby sites at the same geological layer?
4. What trick solved the hardened mud issue?
5. Where are the 13 other possible leases and why those specific ones? Why not the other ones nearby?
6. What is going to be our free ride % on the future wells?
7. What will be the next step for Mesa?
8. When was the last permit issued for Mesa which now allows us to proceed? Why did it take soooooo long to get the permit?
There are many other questions to ask, but YOU said you knew what was happening. So>>>>>>
IMO, you only know the surface issues (sp). I encourage you to get more info.
The answers to the above questions (which I will not answer for you) will help calm your storms.
Like I said Lex, do you own DD.
There are answers to your questions. Call Clayton for yourself and you will have your answers.
I won't share the facts with you, but I will encourage you to go get them for yourself. No matter what I may post, you'll just argue.
I agree that the sp is and has been headed downward. No argument there. EDEX has generated oil production, tho in small quantity. Your point is valid though. At some point in the future they will and that is why we are here, invested in EDEX. Clayton has not sold a share nor has any insider.
You might consider re-evaluating how you interpret your facts.
Time will tell whether or not your or my interpretation was correct.
Two questions:
1. So, why exactly are you in this stock? (because all you do is bash it)
2. When will you call Clayton or Tom and get your own backstories?
One of 3 things is true regarding your post.
1. You are bitter and emotionally reacting.
2. You are attempting to manipulate others into selling while buying.
3. I-hub policy will not allow the posting of the 3rd.
Lex, you would do well to learn what is happening BEFORE you spout off at the mouth.
If it were not for Clayton, we would have no well, the hole would be hardened with mud and we would probably be subpenny. The subpenny is a guess, the rest is FACT. You can contempt all you want, but the fact is we are where we are at: on the verge of a productive well and 13 other possible ones because of Clayton.
You would do well to find out the backstories before you hurl your insults and cast your contempt.
Yes the stock price is low, I agree, but you are biting at the hand that is producing an advance for EDEX. The price will eventually reflect our value once we begin production.
Till then, be Careful before you so quickly hurl. There is much much more going on than you realize. Go find out for yourself and quit your contempt. If you were to actually do some DD, you will have some understandings you presently do not have. These will give you sanity.
Patience. & remember, this is a pinksheet. Prices go down as stock needs to be released to cover expenses until production can cover and sent our PPS forward. This is a fact for all pinksheets which are startups. Should you not be able to handle the emotion, please consider a 3 letter stock.
You can remain ignorant and contemptful, or you can gain knowledge. I side w/ knowledge.
Manti, a most excellent suggestion.
Please consider emailing Tom with it.
Personal attack by insult or calling some one a liar (even indirectly) are in violation of I-hub posting.
I can delete any post if it meets the standard for deletion by the personal attacks or insult.
Bottom line, posting which is insulting or accusatory is in violation and should be removed. We have has some posts recently which meet this standard. I have chosen not to delete these at this point. I am writing to inform some posters to be more careful.
You can say "IMO T.L. is doing a bad job (for xxxxx reason") etc. You can also post that, “IMO, Tom’s posting on I-hub is unprofessional.” State the reasons why. Those are fine! I-hub is about posting, discussion, disagreement, but professional. I encourage challenge to Tom and his argument, facts, vision, share structure, etc. But, keep it above board and very professional.
When a post gets personal: this is a warning that deletion may and will occur in the future.
Note: I-hub has no first amendment rights. Period. End of discussion.
Clean it up, stop the personal attacks, post your opinion, no accusation w/o backing it up. Opinion does not count as a backing it up argument. Disagreement w/ Tom is fine and welcome. Cheap shots & Insults are not. Nor are they welcome towards each other.
Baseless Bashing or Pumping post also fit this category and I will attempt to treat both fairly.
So, everybody play nice.
OK?
A compliment to all: You guys have stepped it up a notch and are to be congratulated. The board is very different in the past few days and I am relieved. Thanks to all on both sides of the fence.
We all want the same thing and maybe, just maybe we will get there. It will take time though. Patience to all & Keep the questions to Tom coming.
Top Hat