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As I mentioned in one of my lasts posts , I had found where he had written that next quarter was q4
Who's grabbing 30s ?
No the new GACC permit is for food commodities. Why they needed a new subsidiary just adds to the strangeness
But , 150,000 put down as a deposit isn't chump change
There's Screaming Eagle Partners and Screaming Eagle Energy.
It's confusing and it should be defined more clearly.
Once they start posting revenues from Screaming Eagle and this next targeted acquisition, it will get serious
4 bucks need for NYSE
3000bod which is only a third of what they are projecting for next year is 76 million at 70 buck oil
With a 15 million OS along work their assets they can get 4 bucks I bet
Kirk stated their PV10 would be twice what they need for the Nasdaq or NYSE
I think that's accomplished after their audit is complete.
At 6000bod which he mentioned also in the interview, will come from Madisonville alone he says that s Extreme profitability
Next acquisition puts them at around 1600bod including what they have going on currently
Once they have a workover rig on Screaming Eagle they open uo 7 more wells they have targeted initially out of 73, they estimate 800bod out of each of of them . They expect to increase production with there non working interest asset with Exponet . They have more to announce.
These guys aren't just talk
They won't need a split . Listen to the interview. The plan is laid out clearly
No one's gonna buy a stock offering on this at any price with the current status of the shell
NYSE is 4 bucks
5 was for the NAS
You've become one of those guys that not long ago you so loathed .
At any rate, your negative Nancy bullshit along with anyone else's that drops in here ain't gonna mean shit
Next update s and press release s will put an end to it
I expect it any minute
Smart
That's just out of the Madison County asset
They open up 7 wells and they get that.
Then they have the pending acquisition we should hear about, that's 1650 bod .
They will have that 10000bod by the end of next year no problem and the stock will be over 10 bucks by then easy
What he said exactly was ,
The asset value of the company based on the PV10 will be double the requirement for an uplist to a senor exchange
Also , 4 bucks is needed for the NYSE which I'm thinking is what they do . They said most oil and gas go to thst exchange
4 bucks imo is gonna be a walk in the park I'm betting before the end of q1 2024
This next acquisition will get them well into the dollar range imo
I'm just gonna say, these guys are real deal
Not greedy ..extremely knowledgeable..respected in the business
This next acquisition is going to really light it up imo with 1650BOD
Once this gets rolling the accent should be impressive
Here is something else
You saying they have ruined the board although not true ,
is music to a trolls ears
What a stupid comment
Especially considering all of this has absolutely FA to do w the final outcome w the fda
Lol
I could not care less ATM my friend
We all know what we are waiting for it's gonna happen 2024 no doubts.
Monthly 100%
For now
Bringing on 7 wells at 800bod each
I'm betting they can do one a week
No , the board is far from ruined . There are some very savvy individuals that post when there is something pertinent to discuss. All are waiting for Jan update
Use the ignore feature please
Went back and listened again and yes , they are reworking 7 wells to begin with out of 73 on the Madison County asset and he said they expect around 800bod out of each one of them .
Interesting he says they are profitable now at 3700/4000 barrels a month. I saw in the filing it stated $.02 net profit for one month production with the current share structure slated to be cut in half very soon.
He said they have identified potential acquisitions that can be acquired that produce 150,000 barrels per month
He mentioned the wells on the next acquisition will need to be fracked I'm assuming he is referring to the 1650bod acquisition they are waiting for one of the owners to sign off.
He said companies asset value based on the PV10 folks can goggle this to understand, they expect will be twice what they need to go to a senior exchange they are looking at the NYSE possibly less hassle and quicker upllist than the Nasdaq . That's with their current Screaming Eagle property and this next pending acquisition
He said we are looking at extreme profitability at 6000bod at 65 oil
This is going to be monsta
Correction on the 150,000bod potential I believe he said per month and again I didn't catch where they were going to retrieve this
I thought I heard their goal was 6000bod by the q4 next year down frm 10000 they had mentioned prior. I want to verify
I heard potential 150,000bod from somewhere didn't catch it exactly
I heard they will have 2 times the requirements and thought he said they can achieve that from what they will have with the next acquisition plus the developing Screaming Eagle.
I also thought I heard they were gauging their numbers at 65 oil
I'm going to listen again
Had many 3 and 4 hundred thousand share days in the 60s and 70 s not to mention the 50s all the way into the 80s
Now, the stock is 35 % discount, no buyers
I see this happen often but usually on junk stocks
Which this isn't
I think what's over the top is ,
They're pulling a scam on the guys that are also pulling a scam on traditions shareholders
Probably zero
Carnes will stay in ac t ion as there is no end to the idiots that follow this guy and he knows it
It will end when SEC puts an end to it
No it's not worth the gamble
You have one lawsuit with Morris, Carnes and Davis as defendents scaming tradition
And a second one with the two Evan brothers named as defendents scamming junior partners in their own company
You really think that's worth a shot ?
After the share reduction the stock will be trading even with the current annual net revenue with what they have now
I must be missing something
I pay zero attention to "the fudsters" I have better things to with precious time .
I'm figuring the animal testing is a done deal and will be considered as such with the fda as well . Allowing logic to dictate they wouldn't have initiated the Genotoxicty test unless they knew 10o% that the test would be in the expected parameters. The remaining rabbit tests much be a yawn for them by now .
So, all that leaves is some possible curve ball the fda decides to add on but I think it's a tad late in the game for them to do that at this point
So I've read and re read all the blog updates from this year
And i notice that the 60 comments are comments made over the course of 5 years not just a meeting ago.
Our next IDE submission will be an amendment to the previous application. We are systematically preparing the answers to the 60 previous FDA comments over the last five years. Most of these have been addressed previously, but the members of the review team have changed. When we critiqued our responses, we felt it was worth the investment to redo a few studies to ensure that the FDA comments were fully addressed...
The 60 comments by the fda to me was a big WTF with these guys
So now , it boils down to, will the fda need to comment further on the responses by the company to their previous comments ?W hat they're doing to slow this down is disgusting
Maybe they aren't purposely doing this but it surely appears that way .
But , I'm confident they run out of bullshit to throw in the way soon . When they submit the application it will be bullet proof
Went sub penny
Still angry? Lol
Yes the mayo testing implies we are close i believe as well. It blows my mind that the fda made 60 comments that needed to be addressed . 60 freaking comments to me is wrf is the fda trying to accomplish at this point. It's approved for animals and has been for several years this isn't something they aren't familiar with .But, they are methodically checking off the boxes sometimes twice he wrote fckn ridiculous.
I don't think there will be any further animal tests required I think the fda rode that for as long as possible and now they should be empty on that aspect .
I'm thinking folks may want to be topped up with stock prior to the next update in Jan
Yes !
Appreciate the feedback back
Thank yuu !
Roflmfa
You appear to not be paying attention looking at your last 2 posts .
They say they have put a deposit down on 20 million dollars worth of sugar if 6.2 million is 30% of the expected down payment . NHMD has a GACC permit to trade with Chinese companies.
When the deal is executed the current MC will be adjusted higher
I've re read last update Oct 11th several times and I see the doc referred to next quarter as q4 in a paragraph. So , logic could dictate all the rabbits will have been tested sometime this month if not already . Thinking he wrote this in Sept
What more could the fda pull out of its ass for further testing ? I'm thinking they have run out of runway for more animal tests .If they submit by March we could see approval no later than 30 days from time of submittal . Maybe , we get lucky and they submit earlier.
How long does it take to write a report ?
VX-2/Rabbit Animal Study - Dr. Rebecca Krimins has treated 12 rabbits. Next quarter she will treat the last nine rabbits, submit the data to Pearl Pathways for independent review, and write the report.
Genotoxicity – Based on the FDA recommendation; on September 29th we participated in the Pre-Sub meeting to discuss the Genotoxicty Chemical Characterization Protocol (GCCP). We now feel sufficiently confident to initiate the genotox testing next month (October–November 2023).
While you guys are taking a break from cluttering up the board w rebuttals w sbc please consider my question again i dont think its too complicated
On Oct 10 the company update said last 9 rabbits to be tested "next quarter " . Did he mean q4 this year or q 1 2024?
Thanks
Yeah u guys continue to drone on about it
The conversation is about now and what he's doing or not doing now
The it's a scam bs won't fly as no one can provide a plausible scenario where he gains from lying but everything to lose