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It could happen in a day, or Wilmont could drag it out bargaining with multiple bidders.
Not sure that matters. If they PR a sale pending this stock will fly.
LOL, I tried hanging onto the last positive MNLU morsal a year ago, until someone ate it!!!! LOL!!!!
List puppy has set sail finally!!!! Book value still over $2/share!!!!
It does not matter how many shares there are, ZERO divided by anything is still zero. And in this case the company has a negative net worth due to massive debt, expired, and expiring leases, and crooks in the drivers seat.
I don't understand why any one buys this COIND junk. Toilet paper is worth more. Even Eskimos have enough sense not buy ice when they live near the north pole!!
Will we hit .10/share this week?
Stay tuned to this station to find out!!!!
TRRC can not and would not stop the sale. They can refuse to lift any environmental liability of prior responsible parties, until they see them operating the sites properly under the rules. TRRC would be delighted to see new money take over the site and clean it up and get oil pumping that pumps taxable oil revenue into the Texas state coffers.
No one of sound mine sues a BK company. There is nothing to gain. Even the suppliers that they owe about $5 million to have settled for placing a lean on the well itself, rather than sue jointly to force MNLU into bankruptcy liquidation.
One hell of a stealth rally here this week!!!! Still only 50% of book value.
I would be interested in knowing what is in the annual report if any thing interesting is buried in it. I have 1000000 pages of work stuff to read first, just too busy...so if anyone else has read it please post up your thoughts!!!!
Thanks for the help!!!!
I'm ready for the big party!!!!!
Party time!!!!
Pierce may be getting ready to convert MNLU's $1.5 million in debt to him into shares so he can dump the shares to new bag holders, good reason for a R/S split first. His Westrock operation may need cash too extend the leases, if they have not already given up on them too.
"He has always said one thing and done another.", well since he has NOT PR'd, or publicly admitted the attempt to sell, but Pr'd hiring the investor relation guys, PR'd Cayman Island loans and credit lines........, LOL, maybe he will sell (do the other), LOL!
I was thinking I must have missed something here (was too busy all week):
Wow, huge price swings here today. Very unusual, and 95% of the volume was in the middle with small price changes, then huge swings up and down on small orders?
After the last 5 months or so of steady volume and prices from .70 to .90, a drop to .25 on no volume and large orders around .45, with the dma up around .75, begs the question, what just happened?
If AEXP (Steve Harding) is smart, he will set up convertible debt, with a delay on conversion, use the debt to get a new site, new well completed, then once there is real value convert the debt. Since they have so little debt (mostly owed the MNLU crooks, only about $300,000), I think they have an easy shot at getting major existing stock holders to fund a round of convertible debt to get a new BV like deal going somewhere else. And they are now free of the MNLU leash and collar!
Got an email this morning, annual meeting is in 3 weeks, April 16th just announced, and an annual report is out:
https://materials.proxyvote.com/Approved/563118/20120309/AR_119320.PDF
If that link does not work, check SEC, OTCBB or the company web site for the annual report.
Speaking of AEXP, MNLU just did an unannounced (no news) R/S, 10:1 today!!!!
Shame the R/S was not 50:1, it would have been an easy, great short!
It IS up for sale!!!!
Very interesting day here, 6 million shares traded, break out hit .44 in one hour, up about 25%, right after R/S news. It is going the wrong way folks, LOL!
Get out your CYTR Rally Hats folks! This puppy is about to finally blow!!!!!
It means they are about dilute the peyotes out of the day traders trying to play the chart, LOL, before Pierce dumps his shares IMHO.
No doubt a flowery string of PRs will be tossed out after the R/S to drive the new share pump and dump?
Nothing good about this event. Note there was no news or PR to tell us or warn us this was about to happen, or even why it is happening!!!! More Pierce cloak and daggers IMHO.
That was my conclusion as well, and the reason I bought a new boat to load it up with EGOH shares.
A well funded JV that reduced CYTR cash demand during a phase III trial, and that guaranteed a marketing partner (say NVS) flush with cash, that would calm nerves that CYTR needs more cash in 18-24 months to keep the pipeline R&D funded, would send the stock to $2/share in days, and end the Nasdaq listing issue-crisis.
Interesting that the statement leaves them 13 months to do the R/S if needed, and not 2-3 months?
I don't think they will even try to raise money right now or complete the well, as the price of NG is too low for them to make any money, even if the well was completed today. They would loose money pumping NG today at today's price, and loose future value of NG big time. Pierce and his buddies have proven they can drill the wells, and proven the gas is there, and the gas quality. Now they will wait 2-3 years and sit on the assets until NG prices rise again. Their only risk is loosing the MNLU and Westrock leases, but right now I suspect no one else really wants the leases either. The wells and infrastructure are too costly unless NG is back about $4, or at or above $5.
Another 6-10% opening rally here today, CBAK, on another market sell off day. CBAK is bucking the market and doing a solid rally right now. Target at least $1.10-$1.20 IMHO, news may be coming, and or rally to solve Nasdaq $1 or 10 days requirement? CBAK Book value of the common stock is about $2/share!!!!
I agree, it is the shinning star, with the market placing zero value on it lately. The R/S is not good news, unless the market has already priced that news into the stock price? I have been accumulating CYTR since 2009, first bought at about .36, last bought at about .34, but my average cost is about .70, near yours.
Question now, is will it ever get back .70 or higher, before the R/S, or nose dive. Odds are a R/S is bad news, but it is not always bad news. Other question is does management have an ace up their sleeve, like a JV deal pending to get us back up to $ land, and thus the possible R/S in the next 12 months is just a back stop, if needed for NASDAQ? Or has this turned into a dilution POS.
Looks to me like the Questus deal is toast, no remaining signs left that it is not dead, several signs it may be dead. The only play left is for Wilmont to finally sell control, or sell the field, which at today's stock price and market cap here would make us some big bucks $$$$ on solid buy out news.
Check your email now!!!! Call me!!!
I thought about selling a few shares just before today's pull back, but I ended buying more today instead. Those sellers will be regretting selling very soon, as the news mills have not even started yet, but they will very soon. This is not the time to sell yet, not this stock anyway.
Very interesting!!!! I do not recall seeing this before:
Don't feel bad, unless you missed buying more at the lows today. I wish I had bought more today than I did. I think someone got tired of waiting and waiting and the early share dump triggered more selling. I do not believe this is was Wilmont dilution here, he is dumb, but not that dumb. I am still buying. Looks more like late volume capitulation here. Someone could of had a huge bunch of shares with a stop loss triggered too.
At 150 million shares, rounded off, the market cap is about $200,000 which is a screaming buy for any risk takers. I bought at .003 yesterday and .0021 today, and if there are any more top floor window jumpers left to push it down further I will do some serious buying. Drop me an email!!!
Sweet Jesus, Talk information overload, or should I say MotherLoad!
LOL!!!
Thanks for the massive Info DownLOAD! LOL
I guess this means it is time to LOAD up shares on CYTR!
I have a standing order in at .08, but .10 has been firm for weeks. I am waiting for a market wide correction to see if .10 holds before I add to my long position. I am still convinced they will run this up over a dollar before July this year.
I am holding for the gap at $4, where I turned into a bag holder here, LOL!
Last I heard the RRRI CEO (Steve?) was not answering his voice mail, or phone, and that was about 4 weeks ago. It was just about the same time we heard rumors that Wilmont was finally trying to sell the field. My info is all second hand, word of mouth on this.
No, just no day traders playing it right now. They abhor low volume, large spreads. And the rest of us are waiting for more top floor window jumpers in the market correction to average down before the next rally here. But the selling has stalled out for sure. Before the recent merger, I held this stock while $2, 100 share trades were the only volume once every week or two. I am sitting on dry powder to buy here (average down) once I am sure it has bottomed for the year, but even the .10 bids are not getting filled.