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That was me, LOL, and some one else was doing the low share, 201 shares .08 and 6000 shares at .045 paint jobs on the sell! And I'll paint it again at the ask if I need to, LOL! I have plenty of wet paint left for paint jobs, LOL!
No one in their right mind would sell just 6000 shares at .045 after the huge volume we had at .12 yesterday! Only a glitch, or MM with b*lls, and short on shares would do that.
Either it was a technical glitch, like the Facebook problem, or an MM raid. I have seen other glitches today, including Ihub server down the last hour....I am also wondering where the 250,000 share bid at .10 from noon yesterday disappeared to later in the day and this morning, as it was never filled.
It makes no sense that a 250,000 share bid at .10 that sat there for hours yesterday would not get filled, then disappear, then see a tiny sell order filled at .045, then the bid right back up to .08
Makes me think the main MM was too short on shares, in trouble, and he tried to stop the rally and shake loose shares before the rally got away from him. It certainly was not new share dilution!!!
Wow, look at the new ask!!!!
????
Last [Tick] $6.20[-]
Change Down -$0.05
% Change Down-0.80%
Bid [Tick] 3.01
Bid Size 500
Ask $37.50
Ask Size 200
We are in full blown rally mode here folks. CYTR, Over 600,000 shares traded today, huge volume post R/S, nearly 7 times the $$$ normal volume before the R/S, and up strong today in a break out move. No doubt in my mind the institutional investors are buying it up again, and shorts may be covering!!!
My Target is $9/share
CYTR, not the usual R/S action here. Going up!!!!
Holy cows, batman, look at this:)
MVTG
Bid 0.10
Bid Size 227400
Ask 0.1199
Ask Size 9900
Someone just posted a bid wall at .10!!!!!!
Larry must have released the Kraken!!!!
LOL
That bid is 4 times the 90 day average volume!!!!
Market makers can walk the ask down by shorting it to trip stop loss orders so the MM can buy cheap. But the chart shows they sold some at the bid of .10 as the sell order filled, before it bottomed at .08 IIRC. Some one made a volume buy since then at .11!!!
Both trades could have been MMs marking the tape, trading with themselves, but who knows, the buy could have been a desperate long marking the tape.
If the MM ever backs off I will buy at the lows like crazy, but right now they will not let retail buy the dirt cheap prices we have seen at the bid the last week or so.
CGYV had late, redone financial reports by a new top 4 auditor in 2009-10, that crashed the price, but the restated earnings were better, not worse once they restated them, and the stock rallied 500%.
Today's AEXP trades are quit amusing!!!! HUGE volume, LOL!
Looks like someone bought 500 more shares at the ask, $6.25
MM is refusing to fill bid orders at the high bid, they bypassed my standing order that had priority for a week now and was the high bid, and the MM bought the .043 shares this morning for their own account. So they are rigging the game, they must be short and are trying to restock shares, cover, by scaring others into selling at the 90% off the ask bid.
So don't expect any bids of yours under about 10 to 20 cents to get filled anytime soon IMHO.
I hate Cheater MMs!!!!
Thanks, we need all the luck we can get with this POS CEO in control!!!
There is a lot of good DD info there, some of it is out of date, but most of what is out of date is obvious. The bottom price seems to be $2/barrel of oil, but if Wilmont (The CEO) agrees to the right structured deal and gives up control to a real operator, investors could get a much better long term price.
Biggest problem here is the CEO, Wilmont is a bumbling fool, and so far has proven to be a serial diluter... printing shares, which he has a long history of doing. EGOH is a high risk (Bad CEO in control) lottery ticket based on oil in the ground, and owned leases.
I read it the day it came out, you must have been too busy watching the price drop, like others, LOL, JK!
I thought it was very good news, but it will be gangbusters if they PR some more closed orders out of that work.
If I am reading this right, MNLU just agreed to issue another 25 million shares to hang on to (avoid loosing) the 5,000 acres of leases? Otherwise this PR makes no sense, or must have an error, as I thought they had issued shares already to hold the leases? It also mentions giving 5% the other 12,942 acre working interest?
Note that it says they have "Purchased", but says they have "agreed to issue" the shares. Does that sound odd to any one else?
HOUSTON, TEXAS -- (MARKETWIRE) -- 04/11/12 -- Mainland Resources, Inc. (the "Company" or "Mainland") (FRANKFURT:5MN) announces it has purchased from the owner, all rights, title and interest in and to approximately 5,000 net acres of oil and gas leases located in Mississippi (collectively the "Leases"). The Company has agreed to issue 25 million shares of its capital stock and a 5 percent working interest after payback of any wells drilled on the approximate 12,942 net acres held in the Company''s existing Joint Operating Agreement with American Exploration Corporation (AEXP)
The Leases were previously held by American by way of an Option Purchase Agreement. American was unable to provide reasonable financial consideration acceptable to the owner of the Leases and was deemed to be in default of the provisions of the Option Purchase Agreement and automatically forfeited and transferred to the owner all rights under the Option Purchase Agreement including, but not limited to, the acquired properties, and the owner retained all payments made by American under the Option Purchase Agreement and all improvements made to the acquired properties. On December 12, 2011, American entered into a transfer of oil, gas and mineral leases with the owner (the "Transfer of Leases"), pursuant to which American transferred, delivered and assigned to the owner all of American''s interests in and to those certain Leases.
Mike Newport, President of Mainland, states, "We are extremely pleased to own this additional acreage. It completes the assembly of the entire land package, which represents the Buena Vista prospect turtle back structure target first discovered by way of the Chevron Long Well and confirmed by Mainland''s Burkley Phillips No. 1 well."
In spite of current natural gas prices in the United States, Mainland is continuing to evaluate alternatives including joint venture partners and equity financing in order to fund the well completion and testing. A completion program has been developed and will commence once acceptable funding or partnership and site access issues are resolved.
When Wilmont gives up the reigns and turns over control to legitimate reputable operators.
Looks like we made a new 52 week high here this week!!!!
Congrats to MVTG longs
(LOL, I love patting myself on the back, LOL!
I see it as a good sign, not a bad sign, but retail investors are few and far between on this sort of China stock, and they seem to have panicked already, and the markets are nearing world wide panic mode, and have already panicked in Europe...... I have a large bid waiting for the fall out myself on CGYV, as I see it as a great buying opp on a good sound company, at heavily discounted prices.
They had this restated earnings issue 3 years ago with a new top four auditor upgrade, and that also became a dirt cheap buying opp, that took us down to 20 cents, and 18-24 months later we went back to $1.34 for a nice 5 bager. This time we may get way cheaper, like down to .05/share if the summer and Europe get real nasty.
My summer start buying like crazy target here is .05 area and hold for 1-2 years.....
I got the same email. I think the jobs act is just a Byron PR smoke screen, as the offer is nothing new, except that they seem to have made the offer to a larger email audience this time. They have been offering heavily discounted shares the same way for over 3 years (as I have posted here several times about it since 2009), it is nothing new, and if you read the tiny fine print in that email you must still be an accredited investor as defined by the SEC to buy the new discounted shares, and there is a large $$$$ minimum buy in and the shares are typically restricted from resale for about 6 months.
However, if the little investors ALL got that email this time, it may cause a large enough heard effect to head for the door, and crash the price next week.
This outfit has turned into a real disappointment, as they had so much promise at one time.
If Byron ever waves his salary like Lee Iaccoca did in the 1980's and starts buying retail CABN shares, and new shares to pay the bills, I will get back in here, but not until then.
The more time passes, the more I fear that these guys have no real revenue prospects.
Or the 3+ meter rise they have predicted, when Houston turns into new gulf of Mexico shoreline. What amasses me is how so many people can ignore so much obvious science and evidence. But then again the world was convinced that the earth was flat too.....and persecuted the people as crazy that discovered it was not flat.......
In case no one has noticed (LOL) the bid support price has doubled in 1 week, and is holding strong with very good volume. This is with no PR news, and no new shares, just real buyers!!!!
Based on the last year, no news from Wilmont is GOOD NEWS!!!
Daytraders and MMs in control tripping weak hands into selling, keeping buyers from buying, and the market itself in a steady decline over Europe, Spain and Greece.
We should have sold at .18, too late now. I am holding and will add this year when it finally bottoms again and the MMs give up and volume goes to zero for a week again. This one seems to track the market in long term rallies and long term declines.
Too much good news in this one to sell IMHO.
Got the itch I see? LOL
I added more today as well.
Looks like an EGOH grand slam home run out of the park hit here today. Larry must have released the Kraken finally, LOL!
Easy no sellers left at less than .005!!!!! And strong volume support at the rising ask!
Believe me, I checked (.005), LOL!!!!
This rocket to Mars is underway already!!!!
Real serious buyers seem to be arriving finally!!
Someone just bought 125,000 shares at the ask, .08/share and large volume support now at .075, 70,000 shares at the bid!!!!
Signs that Larry is hard at work at the Money show in LV!!!!
I think the fact that it showed up at all was substance!
LOL
Thanks, any proof or confirmation we can see?
Edit: never mind, I see that you are one of the BV owners (lessors) from older posts. Thanks for the heads up!
JV partner AEXP just filed their late annual report, 10K, yesterday.
The annual report, 10K was filled yesterday!
Bid just tripled to $3, and some one bought some shares at the ask $6.25!!!
I am still trying to make sense of the 10Q and 10Q-A filled this week, but don't have time to read it all.
I think Larry heard you! LOL
http://www.rggi.org/docs/PR031612_Auction15Results.pdf
Shakalaka boom boom, LOL. The buyers have arrived, enmass, with purpose!!!!
We are going UP folks!!!!
Way to go Larry!!!!
Our whipping boy, has now become our hero!!! LOL
Last [Tick] $0.0789[+]
Change Up $0.0139
% Change Up21.38%
Bid [Tick] 0.072
Bid Size 5000
Ask $0.078
Ask Size 5000
Open $0.065
Volume 165,000
Day High $0.079
Day Low $0.065
Someone just spiked the punch bowl, stepped up to the batters plate!
Bid [Tick] 0.065
Bid Size 141500
You could always try JP Morgan for safety, LOL!
LOL, I am more interested in June 2012!!!!
Newbie or not, it took very few shares on the buy at the ask to double the price today, for the third time this month. We could close at .006 today!
People thought I was crazy months ago when I suggested that AEXP was the safer JV partner bet, over MNLU of the two. I think as of today, I was right, MNLU was the less safe bet of the two JV partners. But that could change, yet again!