Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Kingman, while I understand your post and position, and do realize that its best not to wrestle in the mud, especially should one be a CEO,
I am very glad that Tom stopped by and gave us some info and perspective.
His info brought stability to the board and to many of his investors. The road plan before us was and is helpful.
Dirt, I'm proud of you!
You actually asked, to an extent: kindly, and got an answer to things many of us wanted answers to.
Thats how its done. Ask right, get answers. Again, you got us a great deal of info today and I am also glad that Tom answered.
I was going to respond to you original question to me about the 50K and 6% by telling you to ask Tom, but you'd already done that.
BTW, most questions like that, I will answer: "go call for yourself." Please don't take this personally as it is a great thing for anyone to do w/ real questions.
Thanks again for engaging Tom. You got a lot more info than by just having a negative fight.
Have a great evening.
PS: Harsh, see what happened? We got real info. You can do this also, if you try.
dirt, I'm looking at your numbers here and it don't add up.
1. The well cost us 50K to get into.
2. If it begins producing at 250bopd than that would be 7,500 per month. At 6% thats 450bopd for us. Multiply that by $70.00, a little lower than oil is now and we lose some other cost along the way, that gives us $31,500 in a month.
This well pays for itself in 2 months. Sorry, thats a pretty BIG deal.
I know there are other costs, the frac for example and I don't have the figures for that and our part, but I think it was around 200K. Still, the well will raise significant funds to help stop the bleeding.
This is a good thing in my book. I don't agree at all with your outlook.
As for other wells in the future, those are a completely different issue and can be discussed in a different thread. But this thread is about this well and your numbers don't add up.
Harsh, I'm glad you have no anger or bitterness towards me. I understand what you consider pumping statements from the past. I also understand bashing statements from the past.
(I am, however, concerned that you have a very unreasonable vendetta against Tom. I urge you to keep that off this board.)
Past statements, both pro and con can only be measured by the known facts of the day and will prove correct or incorrect by time. So, we need to give each other that benefit.
You did in your post express frustration with "poor management, often times baseless misleading information..." Lets look at a post from Tom and see how it compares with your summation:
(Note: I am NOT an apologist for Tom, I haven't even spoken to him for quite a while.) You and I would both agree that the 50K is overly optimistic and in the near future won't happen. 35k is, so I don't fault him like you for the 15K difference, as it was just a projection/guess. The rest seems reasonable. This post might also shed some light on how other drills in ND might be funded.
For all, Wildcatter is T.L. His posts are good to review as to his side of the story, from his own keyboard. I will let him speak for himself. I have found it worthwhile to review many of his post from time to time as a balance for all the critics. For example: When he was accused of running a scam and P&D, he willingly put up the current share structure showing an increase of 11 Million share increase in 10+ months. Reviewing his posting history is very easy as he has only posted just more than 20 total posts.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=20919608
Greetings to all. A few misconceptions need to be cleared up. One, we have what looks like a very good gas field in Mesa with a potential for up to 50 additional wells. Also, remember EDEX has two other prospects west of Mesa with 30,000 acres that have very similar PIP readings to Mesa. EDEX now has a solid double with only one well drilled but has a chance for a bases loaded home run if the additional wells prove out. Yes this is a potential company maker with up to 150 wells on the three leases. EDEX has a 33%W.I. in Mesa but will have more in the Taiban and Ft Sumner leases. EDEX is paid up on the cost over-runs on Mesa. Two, EDEX has a 6% W.I. in the ND well and paid cash for its position. The well could give EDEX a very large cash flow within 90 days. It has the potential to be over $50,000 per month from a $50,000 investment. There are dozens of additional drill sites identified in ND. The reason EDEX is in that well in the first place is that I personally put up 1.1 million shares of my stock for an option for EDEX to participate in this well and others to follow. EDEX may be in for a larger % on future wells. Three, EDEX has sold 3,300,000 shares for an average price of 3.3 cents for our share of Mesa and North Dakota costs. I also exchanged some of my preferred shares for common which I have given some to my wife, sons and brother for estate purposes. That may be where the 10,000,000 share bump in outstanding shares came from. All of my families shares are still in my desk. Four, EDEX does have some very big pockets waiting on results on both the Mesa and ND wells, so you should see we want these wells done as fast as anyone. Five, am I worth a salary of $15,000 a month and stock? I could do all of this by myself without being public and I wouldn't have to listen to Harshwords BS. If I perform and make EDEX a successful company I am worth it. If EDEX fails, so have I and my stock is worth the same as everyone else's----Zero. My hopes for EDEX are a lot bigger than we have been able to show so far, but we are very close to a breakout. We can give out news only when we have real facts, not just our best guess and am trying to be as clear of the Pump and Dump crowd as I can. Last,I have never lied to Harshwords but he has taken phrases out of context and used it for his own interpretation. I can be reached by phone always for questions. Except for Harshwords. Tom Laurance (949) 916-0680
Harsh, wish you DD'ed EXED as half as much as you tried to DD me.
As far as balance, don't mix. Not even close to the issue discussed. Don't hurt yourself with the twist.
I could go into the debate of the numbers, where they came from, that they were only possibilities, etc. but you would only attempt to twist that also.
I still plan on EDEX being a long term investment and I know the where the leadership is heading us. Yes there are issues to work thru. But, Mesa will pay off, ND will pay off, and EDEX will pay off.
You do what you want to do. I will do what I want to do. Don't twist my words. BTW, nice cut and paste. Would you like me to also do the same to you? Yea, I don't think so.
My money is where my mouth and DD are. Yours are just sour grapes. Its soooooooo transparent.
Why don't you have a conversation with the BoD.
Oh, that's right......
Don't take your anger and bitterness out on me. Use that energy on some positive steps instead. You'll find that much more productive and profitable.
Everybody play nice this evening.
Keep posting, my friend.
OH, BTW, how does a Cajun cast out a demon?
"Come out, my friend!"
Seriously, I do address you as friend and encourage your posts.
Sadly, a plumbing repair issue now calls.
Dirt, I hope you didn't lose at 6-8.
As far as this being a one sided board: Be serious.
All real issues have been batted about by both viewpoints, both pos and neg.
I've seen few real positive posters on this board not concerned with share structure. Name me 3 if you can. Meanwhile I can name you many more negative posters who harp and spin without any balance. When have you seen me, or nervous, copely or others not address the less positive issues with reality. We all have. I dare you to show me the negative posters who speak with any balance in their posts showing both negative and positive aspects of EDEX. They don't. There is no balance to the whiners and complainers. Funny, most of the positive posters do though.
Trust me, the board is more than balanced and is not close to being one sided.
OK, call Clayton and talk with him. Now you have a name.
There are others, but this is a good place to start.
If you think this is a string, and R/S, and more dumping of shares, then sell now as now is all you will get.
Seriously. It is the only solution that makes sense for you. That is if you actually believe this.
If not, and you think there is a future for EDEX, than hold.
The solution is that simple.
Of interest to note, now that you mentioned it, we just finally got the MESA permits. All the whiners about Mesa taking so long should first figure out the reason before coming up with their own fantasy to salve their bitterness or whatever emotion they are dealing with. Funny that they would rather live in fantasy than finding out the facts. One can spin it all being Tom's fault, but in reality, the issuer of the permit might have something to do with it also!
dirt, thanks for running some numbers.
You might consider contacting those who've been on the site and understand the well, how it was originally drilled, what happened and how our boys needed to fix it. (We did have to fix what the original drillers did.)
But, there was a solution and oil will be flowing. Not as much as any of us would like, but it is flowing, and the numbers should increase as time passes.
The other wells should be quite different in a positive way.
Again, consider doing more homework/DD and you may be surprised at the knowledge of this well and what the others may produce.
The boys on the ground who are working the site have a very different perspective that the one you voiced. You will not be surprised that I am more likely to believe "source" material and opinions.
A hearty "thanks" to dog for helping watch over the board.
Unfortunately, this mention did not fall in the category. No pass on this one as none is needed.
I just read the PR and am pleased. I wish there were specific numbers to issue, but I did not expect any production numbers on this PR, as the well still continues to be cleaned out. We will not know full production numbers for some time to come. I do expect the numbers to rise as time passes. But, we do have oil and time will tell the production numbers. Again, because of the hardened mud in the hole, no production numbers were expected by me at this point. Therefore, I am not disappointed in the PR.
I am please to see the pressure reading as well as our interest in the 13 other wells.
Other positives are that PIP did indicate oil and we found oil. Second, that our crew do know what they are doing. (Should one choose to dig deeper into why the well was sold and why it was bought (by someone who knew what they were doing - even though some on the board thought they knew better about his oil aptitude and scamability.)
IMO, we are on the ground floor of an excellent opportunity!
Yes, share structure still needs addressing as well as other issues, but ultimately this is good news for us all.
Per usual, this will still take time. To me this is no biggie as I see this as a long term investment.
As far as funding for future wells, those interested should call Tom for that information. An explanation is warranted and I suspect that new shares will be issued both for cost and for Tom. (We all know this, no whining needed.) The wells will not be free. What remains is how they will be funded. I will call for my own DD when I feel necessary. You all can do as you wish.
You all be good tonight as this "powerful" new chair feel, for the moment, quite comfy :)
Now I can't pick fights and I have to act like an adult. Board Life as I knew it is over.
I will attempt to allow for a very wide range of viewpoints, but I hopefully won't allow for the free-for-all which recently ensued.
Here are some things which are rumbling in my mind:
1. I will allow for a wide range of viewpoints. Seriously, I do understand that we can look at the same PR and have different conclusions. I’m fine with that and the discussion which should result.
2. I won’t put up with calling EDEX a “scam.” Period. Call it a lifestyle stock, fine. Call it a loser, fine. Call it worthless, money pit, your worst investment ever, fine.
Tell me that TL misled you, or lied to you, fine. Those can all be viewpoints. But, don’t call it a scam. (Can someone say that too is a viewpoint? Yes, but a scam is a scam, and EDEX is not a scam, in the sense that many Pinks are. There are too many people with integrity and honesty who are part of EDEX for me to allow this, therefore I won’t.) Do it, your post will be deleted.
3. Personal attacks won’t be allowed. I have participated in this recently, but I was not a mod at that point, the board was hijacked by a TOS bully, and I could not act as a mod then. I will now.
4. If you don’t like me or what may or may not happen in the future, no one voted for me and you did not step up to the plate and request to be the mod. Remember that before you complain. I will.
5. Go ahead with all the “there’s a new Marshal in town” comments. They will be welcomed if they are inventive and witty.
6. Tomorrow, if there is a PR, and if it is a good one, and the price bottoms out and begins a slow upward climb, then we will all be good chums and all will be forgotten, pats on the back all around for our wise decision to buy EDEX.
Should the PR be vague, disappointing or not even appear, and the price continues to head south than the board will need to be regulated. I understand this.
7. Most days I can only look at the board for 10 minutes in the morning before work and after work during the evenings. I won’t be around during the day. Sorry.
There is more, and I as much as others on both sides of the EDEX fence want the same thing. I will try to see that that is what happens.
I do wish this board the best.
Here are some more I looked up in a couple of minutes. They are just from the "A's" and all are domestic stocks.
asbn, ascn, alrs, acmc, aplo, anten, antem
Anyone can now "get" the idea. If interested, they can look up all the others they want.
The point is that Pink Sheet stock do pay div's and some quite well.
Ragtime, you got me to thinking, so I went to pink sheets and started looking at companies. I was familiar with BLMC but I wanted to see if I could find others.
In 2 minutes doing a quick search, I punched up the following: (Note that this was just the beginning of the A's and 5 of the first 7 I clicked on at random turned up as pinksheet stocks that pay dividends.)
albky
aifly
aqpty
agppy
apcfy, which is a $7.00 stock and paid a .91 div!
My guess is that there would be tons more than I would have believed with only 2 minutes invested in looking.
You can search at your own leasure.
BLMC It went from a penny stock to over $55.00 in just over 2 years!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=blmc
Yea, ...1950 has a release date of: 06/08/2010 10:49:40 PM
He got a very severe date as most are just for a short time. His? 3 years! I assume the same for Oldbold as they are the same person. Every now and then there is a moment of justice.
Now maybe we can, with sanity, discuss the PR should it come out this Monday. We need something to chew on besides ourselves.
Till Monday.
Harsh, fair question.
I will be buying more as powder and price dictate.
Thanks for asking.
No you don't! Caused if you really thought this:
"chances of that are none and zero," then you would sell right now, and not at a lower point as you are saying you are convinced it will go.
Only someone clinically insane would do that.
I guess what you will actually do and what you "say" you believe, are in reality, two different things.
Speaking of two different things, how can we believe anything you say, either you, Oldbold, or U...1950, as you are are in reality the same person posting under 2 different false identities. (A clear TOU violation!)
So, what is the manipulation in this instance?????
You can say whatever you want about me, but I am me and only me, and I am consistent with my beliefs and actions.
2 questions to all the idjuts, morons and other bashers:
Who was it who came up with the solution to getting the hardened mud out of the hole? & What was the solution?
Until you can answer this question, you are clueless, yes clueless about EDEX!
You can whine and complain all day long, but it shows you do NO, that's right: NO DD!
Those of us willing to dig, know and are buying.
BTW, this is not pom-pom waving, its research, understanding and the choice to do, with the information garnished.
Dirt, please inform us of the current OS.
You should well know as you are proclaiming this a P&D.
Please also compare this with other actual P&D's.
Grateful for actual facts.
Thanks dog, what a kind thing to wish.
In old's world,
Manners equals: block someone, unblock them, fire off profane posts, physical intimidation/threats, etc. posts, and then reblock.
That says a lot about the "bold" part of your name.
Most old members of society would not agree that the above are manners. Most bold would not defend his block, unblock and threats, and block methods.
Problem: he blocks, no other options left. His choice.
Yet, you proudly support him? Get a real life.
So how much have you lost?
Save your whining for the mirror.
Oh, have you told your wife? You're in trouble!!!!
My dear 1950, you posted in reply to Coply:
"That just COMPOUNDS the ignominious contents of you post to Dioblo....
If you're going to criticize someone, try to make a valid point !"
You nimwit, amarillo is a Spanish word for "yellow."
1. Now try reading it again.
2. Take your own medicine. How did you put it: the ignominious contents of your post ....., and you tried to lecture another about spanish.
3. You have no clue what you are talking about, either here or regarding EDEX.
4. You have no backbone!, thats the most truthful point.
NOW, WILL YOU QUIT POSTING IF ND IS SUCCESSFUL? put up or shut up.
PS: your PM's make you look even more silly and childish. Yes, go run behind your mamma's apron. I love it, you unblock me, post kindergarten material and then block me again. Run away, run away.
D, thanks for the backbone. I hope you hold yourself to it.
I agree that Mesa was the draw, and still is.
Do understand though, that if this well is a producer, we get 20% free from the other wells produced on the area leases. At least for me, this is no small matter if this well is a positive.
IMO it will help stop the bleeding of the shares released to cover costs.
Time will tell how it all plays out though.
I am however still waiting for 1950's chicken response.
1950, yes you,
will you not post if we hit? Answer his question, or are you amarillo?
Tdog, we agree!
If you actually believe the info you posted, then the ONLY alternative of a thinking individual would be to sell.
From an objective viewpoint, an unbiased observer would question your sanity if you were to not sell after all you have said in this post and others.
Are you sane or not?
On the other hand, I have viewed the facts and have a very different conclusion based on DD I've done. I am resting well on my investment and not concerned. One does not see me ranting and raving. Again, many with times more invested than you and me both share my opinion.
Oh, nice work on the word preposterous. Well done.
Do have a good evening.
If SPZI were to get to .50 pps then life would be good and another good long term hold would payoff big. I do think its a reality or a reachable goal. Time will tell.
There are times in pink land where you buy and hold for a year and good things happen. This will be one of those. I'm in over a year and plan on holding most for a much longer term.
Go Spooz!
Hey Copley, IMO, some are crybabys and others are much more insidious. Greedy beyond all measure. They bash to fool others into selling to gobble up their shares. They are the lowest form of humanity.
After time and study, it is easy to tell the difference.
One of life's unfair issues is that the whiners and crybabies who own shares suffer the same losses or the same fortune as the adults who own the stock. This will always be the way it is.
As I've said, we will stand or fall on production. If and when EDEX does hit, and I believe they will at some point, this week or in the future, the water level will rise on us all.
Thanks for your post.
lex-y, sorry you misunderstood my post.
I posted the following:
EDEX will stand or fall, not on Tom, but on results. On this we can all agree. I look forward to reading the results of this upcoming well as do we all.
Again, EDEX will stand or fall on production.
Maybe the big words confused you. I see, not a pump, but a level headed reality. Let me use big letters: EDEX WILL STAND OR FALL ON PRODUCTION.
The aforementioned is neither a pump or a bash. It is definitively NOT BS. It is the truth. Say it with me: Pro-duc-tion. Big word, lots of meaning, but I'm sure you can say it with me. But apparently, if it's not wrapped in crybaby language, you can't stand it. Sorry. One more shot: Pro-duc-tion. This will make EDEX or break it. The timing will be the timing of when we will know.
So, did you get the shares you were trying to manipulate others out of today? or are you also a big loser and not adult enough to face the mirror.
Sorry, I will not take level headed, non-biased predictions of reality away from this board. Also sorry for using big words in this post also.
Have a good nite. (small words)
Hint: In the future, actually try reading the posts, including the posts from Wildcatter, Clayton and Geo.
I hope I made you smile. ;)
I also hope EDEX makes us smile w/ a great report. Should we get a good report, it will still take time, but it will be an uphill ride from there.
Time to know which way we are headed. Either way, I'm still in for the long haul.
You haven't seen me whine.
Oh my, looks like I struck a raw nerve. Guess what I said was actually true. So how much have you lost???? Seriously, how much? Tell us also, did you actually know this was a pink sheet stock? Obviously not as you are not treating is as such.
Again, how much did you lose????? Does your wife know????
We all know your type.
As to who I am, the boys upstairs know who I am. They also know that I research and check. They further know I am not a crybaby or whiner. Your post is so shallow and please review. No whinning from me.
Grow up.
And yes, I did expose you for a loser and whiner. Further, please don't bore others with this whinning, take it to PM's where it belong. Its obvious that you lack adult refinement (the common courtesy, knowledge and decency) to take this to PM so I will instruct you that this is how its should be done. This also explains how and why you treat EDEX and others on this board as you do.
I'm done with this conversation publically.
My dear neophyte, its called risk/reward relationship.
Vegas has nothing to do with it except to bash and to detract and confuse the issues. I know I can lose it all, and I know that if successful, I can have a tremendous reward potential. The choice is mine.
The common phrase of wildcat has been around long before www.pinksheets.com. There is no justification on my part. On your part however, it seems to have meaning and expose your issues.
So, how much have you "lost?" Is that why you are here just whining or playing the crybaby? IMO that is what it appears. THAT you can take elsewhere. And please, don't label me a pumper as I welcome the preferred share structure discussion here as much as anyone as well as other non-positive issues. I welcome issues, not crybabies.
If you have actual issues concerning the play, potential, methods, etc, post those. But, please take the "boohoo" to the mirror. I trust you are adult enough to do this. If not, you played in the wrong sandbox and are way above your head. Again, as it appears to me, this may be the case. Time to grow up. This applies to ALL who come to whine and cry and act like children who cannot honor both risk or reward. BTW, PS stocks are very risky, MOST are scams. This should be known by ALL, but apparently not by you, so don't use these issues as any point for whining.
Your pitiful comparison leaves me lacking.
Again, EDEX will stand or fall on production. It makes me sick to see the children here whine about the loss of $1K, when others have literally millions invested and I don't see them being crybabies like many here. Grow up people. Go by a 3 lettered stock. (Sad part is, if that were to go down some also, you'd probably whine there. This says a lot about yoU.)
My dear usmc1950, how utterly childish, to send me a moronic and totally juvenile "private message" and then to have the lack of male parts to let me respond by blocking me from a discussion.
Yes, you've shown that you are no Semper Fi but a child who throws stones and runs behind his mammas apron strings. IMO, you are an embarrassment to the service, if ever you were actually in the service as you act w/o backbone. From now on you will just be 1950.
I would do this privately but I'm blocked from a reply.
Too bad.
EDEX will stand or fall not on Tom, but on results. On this we can all agree. I look forward to reading the results of this upcoming well as do we all. I too wish for a positive result.
Just what I thought. You've been exposed.
No surprises there. No tape, only vein threats and stories while saying "I have proof."
If only you could run to mommy and hide behind her apron.
The fraud you are....... Tom was right.
dio, either post the recording or leave. Time to put up or shut up.
I look forward to either one, but do one you must.
You are neither worth the time or trouble. You are a tiny guppy in this thing.
Please do not overestimate yourself in your own eyes. If you stepped back and saw you as many others see you you would be embarassed.
EDEX will stand or fall on its own, with or without you.
I, for one have added to my position as a result of my own DD.
Or why does he bother reading and writing about something he obviously hates Sooooooo much?
Inquiring minds want to know.
Thanks Wildcat, am grateful for the info!!! It confirms what I thought about our current state.
Harsh, those were actually good words. Keep that up and you will get a reputation around here. You'd then have to change your name.