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Holy Cow (or bull? LOL), some one just bought a single 300,000 share lot and pushed the price back up to .145!!!!
$43,500 if all at .145
This rally ain't over yet!!!
Great chart, shows huge MACD divergence at the last stock price lows!!!! A very bullish indicator!!
One can never be sure if it is dumping, or an MM take down to trip stop loss sells, or to cover the MM shorts or grab shares before news comes out. IMHO it was dumping, because there was a move down in AEXP at almost the same time today, by the same %age. If it was early pre news dumping, like it was with AEXP about 4 weeks ago, rest assured there will be more dumping and a huge drop below 10 cents real soon.
It is also possible that an experienced daytrader with level II views saw an opportunity to short and cover in 2 minutes at a profit.
Depends on what you call singing. She sure is making a lot of noise!
LOL, Lawsuits are always good for adding on a little more blood letting, LOL!!!
BUT, It would probably be easier and faster to just write your favorite attorney a check for ever is left in the bank accounts, LOL!!
Time for another closing share dump of hoards of shares no?
I show 200,000 sold at bid, taking the bid down to .10, and 800,000 bought at ask next, that pushed it back to .11
MM raid, or someone knows something is coming, or both, maybe?
Somebody just dumped MNLU, or Pigroast just shorted the peyots out of MNLU, LOL
The bid and ask just converged on AEXP to a very tight spread too?
Something may be up?
2 Day bounce is underway in NG futures, but Friday was OPEX, so it may be DCB. March to April should be the short term NG bottom IIRC
LOL, I wonder who?
LOL, I got bored waiting for you to do it, LOL.
It is some elses turn to slap the ask with a 100 shares at .16, LOL!
Not yet, but may be soon!!!!
Actually it was a 150 share sell Somebody like us or an MM trying to trip a stop loss sell order, but it failed), followed by my 100 share buy (LOL, I was bored and tired of waiting, LOL), that brought it to 250 shares, before 3 block orders, each about 100,000 share buys each, hit later in the day.
This may be bad news for ESPH this year:
http://moneymorning.com/2012/01/16/2012-natural-gas-price-forecast-why-to-avoid-widow-maker/
If I had a small loss here, I would get out now. IF I had a huge loss here, like 90%, I might hold and hope for a PR P&D to rally it first.
I would not buy here and now.
Followed by the 100 share price rally, ROTFLMAO!!!!!
I would wait a little bit, few days, and see if shorts don't push it lower on the news, before going long, unless you day trade it.
LOL!!!! Slap that ask!!!!
Have you heard from Larry this week?
I actually question if any US NG exploration firm is a good play here. (notice I did not mention pipeline owners or operators, or LNG operations.....)
We could see a string of asset fire sales that burn stock holders this year at this rate!!! We saw it 2010, and early 2009.
Once the tide turns, and LNG export equipment is built and online, the tide will turn, but that may be a few years off, before demand catches up with supply. The current NG futures market tells us all we need to know right now about NG exploration firm value IMHO. A year ago US NG had rallied from $2.50 back $5, just when the BP well was drilled. Now it is at a new 10+ year low and falling fast!!!
There is no stopping this Truck Turbine now!!!
Real test will be .27/share, after we take out .20/share
That is my plan here, long term.
I never expected NG to go back under $4 here, today it was down another 6% in one day, and has gone vertical, heading straight down on the charts. The chart looks scary as hell on NG now, and looks to test $2.00 next week. The 15 year low (which may have been a 30 year low) was about $1.5x to $1.7x IIRC. And we may just test it this quarter, if it does not bottom at $2.
Even Gerry told me 12 months ago, they needed about $3 just to break even on this well, so they would be fools to finish the well at these prices. You can't fight the markets and win. So even if these shysters did the right thing, or were able to do the right thing and did, I just don't see this well getting a second look $$s to complete it for at least 7-9 months now. By the stock price may be decimated.
No, laughing at the EGOH chart. Seems to have a dual personality disorder this week!!!! LOL!
ROTFLMAO!!!
Seems the indians (EGOH shareholders) are restless the last 2 days (including today!!!!).
Down over 50% yesterday, up 63% this morning on over 10 million shares in 2 days!!!!
I just wish I had bought more cheapies when everyone was jumping out of the windows yesterday.
I checked with an oil & gas industry expert yesterday, and confirmed that based on what we know today, that Westrock now owns and controls the BP#1 well by virtue of owning and controlling the leases. While the state may hold MNLU responsible for properly closing and sealing off the well (if they never get it into production), Westrock now seems to hold all the cards regarding the leases and ownership of the well. It is a bit complicated, legal issues, in that there are debtor leans filed against the well (against MNLU), based on posts here about 3-6 months ago, and so they have some rights (in court, etc.), and Westrock seems to now be in a position where they can if they choose to, cut MNLU out of any future deals on the core well site leases at will.
Not saying that Westrock will do this, just saying they have all the cards now. For now, Pierce and Westrock may still be attached at the hip to MNLU (secured debt MNLU owes Pierce, and if he still owns 20% of MNLU shares???) to try and raise funds, but NG is still dropping and seems headed for $2 now, while everything else is rallying.
LOL, I know!!!! I was just having some fun, and enjoying the close today!!
FWIW, SPS50 and I started it weeks ago at .0045, LOL!!!
But I agree, let's hope it is just starting!!!!
Somebody goosed this pig at the close today, up another 40%, on some nice volume, and it wasn't me this time, LOL!!!!!!! Closed back at .035, nearly up 1000% from the 52 week low at .0045?, and not on news either.
Where there is smoke there is fire, AND CO2!!!!! LOL
I love a good Walmart falling knife sale!!!
The 1 and 2 year charts on EGOH show that a day like today is usually followed by a strong steady rally, in spite of Wilmont! LOL
Will history repeat itself?
http://www.wlbt.com/story/16535298/eagle-oil-holding-company-inc-engages-new-york-based-consultant-and-advisory-group-dme-capital-llc
http://finance.alphatrade.com/story/2012-01-17/PRN/201201170930PR_NEWS_USPR_____LA35832.html
http://finance.alphatrade.com/story/2012-01-17/PRN/201201170930PR_NEWS_USPR_____LA35832.html
http://www.marketwatch.com/story/eagle-oil-holding-company-inc-engages-new-york-based-consultant-and-advisory-group-dme-capital-llc-2012-01-17
http://solarreport.net/3781/gws-technologies-inc-retains-dme-capital-llc-to-implement-global-investor-relations-program/
Wow, 2.2 million shares traded, before noon.
Capitulation selling, possible bottom or new share dumping?
Stayed tuned here for the answer!!!
Note: new 52 week low hit, .047 today, prior low .050, but currently up 2% from the prior close.
As a mathematician once told me, twice nothing, is still nothing, LOL! This stock is worthless junk, buyer beware!!
Mine cost average is .0000, and it will stay that way. Not ever going near this worthless junk again!
I think that is missing a clue, or I am clue less, LOL:
otomaschatshaw.ca
????
Blast off for TTEG!!!!! GoGo TTEG!!! I love it when a plan comes together!!! Looks like someone just bought a 90,000 share block at the ask and pushed the prices up higher!!!!
Last [Tick] $0.15[+]
Change Up $0.03
% Change Up 25.00%
Bid [Tick] 0.14
Bid Size 5000
Ask $0.17
Ask Size 10000
Open $0.11
Volume 318,352
I don't even recall the last time I saw this kind of volume here!!!
I can't seem to find it now, so I guess you and WS may be right.
But if Wilmont needs to pay the TRRC fines before we can sell oil, where else is he going to get the cash to pay the fines?
Was that the first sale, or first the loan, or what?
Edit:
Hmmm, this mentions nothing about the Cayman islands at all, and nothing about a price discount for shares?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8318762
Is this a separate deal from the Cayman's island toxic loan deal?
This is one is over my head, no idea what it really implies or means:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8232577
Here is the news PR on the Cayman deal.
http://www.otcmarkets.com/stock/EGOH/news
Eagle Oil Announces an Additional New Financing Program
RENO, Nev., Nov. 21, 2011 /PRNewswire via COMTEX/ -- Eagle Oil Holding Company, Inc. (OTC: EGOH) (the "Company") today announced that the Company has secured a new financing program utilizing Rule 504. In connection with the financing, the Company has signed an equity funding agreement with a Cayman Island company with offices in Delaware. Rule 504 allows non-reporting to companies to raise up to $1,000,000 annually. The Company has already received a portion of the financing which will be used for working capital at a discount to market of approximately 50%. Additional draws can be taken by the Company as needed, at the Company's option.
The Agreement represents the Company's additional strategy to capitalize on its oil assets through multiple financial sources as the needs arise. This agreement on funding will not affect the Farmout Agreements that cover the work-overs on the wells. However, if the Farmouts should fail to proceed, this allows another format to proceed with the Company's plan on the field development. There are still conditions to be met with the Texas Rail Road Commission to get permission to sell the oil that will be produced on the field. Production is expected to begin in November with the completion of the re-working of the wells.
Eagle Oil (EGOH) (www.eagleoilholdingco.com) is an independent energy company in the active East Texas oil and gas region. The Company owns a 73% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "should," "intends," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Contact: Eagle Oil Holding Company, Inc. (209) 736-4530
SOURCE Eagle Oil Holding Company, Inc.
www.prnewswire.com
Volume over 100,000 shares in just 2 hours, and bid has risen up over 10 cents to 10.5 cents a share. A very good sign we are going up!!!!
I agree except for one thing, the security filing they filed showed a six month delay between drawing cash, and being able to demand shares in payment the cash drawn. That means new shares from the Cayman group can not show up yet (except shares for the $25,000, which is nothing share wise, 2.5 to 5 million shares is nothing with the OS at 150 million already), unless I missed something. Did you read that initial security filing? Did I miss some key language in either filing???? If I did, post it!!!
I think the retail shares were all dumped when the oil failed to flow by the target dates, and on the news of the Cayman deal (stocking fear). And the market was selling risk world wide like crazy.
Lots of day traders trading this daily as well. Does not mean any new shares have arrived. If these are new shares I wonder if the other older debt was converted, again????
I could be wrong, but this looks like a no brainer buy here .005 and a sell at .01, while we wait for more news and details.
I also like all the negativity here, another possible sign of a bottom.