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Any idea why the symbol changed?
Nice catch, and thanks for the early warning, as there is no sign of the change anywhere else, except that my Fidelity broker suddenly does not recognize the old ticker tonight.
TGTX is the new ticker tomorrow!
Did they merge????
Interesting day here. 109,100 shares traded so far, and 104,000 in one lot was a buy at the ask, .011/share!!!!!!
Yahoo message boards are hostile to most stocks, nothing new, LOL. It means little.
A clean OTC pink stock shell is worth about $250,000 easy, and any news of life in those shells usually spikes the price before dilution. This one still has lots of life, and an oil and gas stock that is still alive with nearly no debt is worth far more. MNLU has 25 times the debt that AEXP does, and has Pierce holding the jugler veins with a senior secured debt note from MNLU, and MNLU has to raise cash to finish the well, not AEXP.
If Westrock still owns the 4 million restricted shares of AEXP, and MNLU blows up, then I have no doubt a P&D deal between AEXP and Westrock is possibly next with these clowns. If Westrock sold the restricted shares then a lawsuit is possible, IMHO!!!!
Many pink stocks are resurrected on nothing more than HOPE and PRs!!!!
Even a clean shell has value, and this one is still alive an kicking!!!
As I said, I am waiting to see where the bottom is on AEXP, but I won't wait too long to buy more and average down.
Steve Harding is the one that started the entire BV deal in the first place, if you read the history. He is still the CEO at AEXP, and is one of two assets now. The other is 20% of 5000 acres of BV if MNLU survives. If MNLU fails, there is nothing to keep Westrock from cutting a new deal with AEXP (unless Steve tells them to FO, LOL, but if Westrock holds 4 million shares that may be hard to do, LOL), to get value back into their 4 million restricted shares. Steve told me there were other plays that AEXP could have done the last year, but their hands were tied while the merger was pending. Having the merger dead now, maybe a blessing in disguise for AEXP!!!!????
It is a gamble, but I intend to stay with this gamble.
I am surprised no one has called him to see if he is still on board with MNLU.
Is he still teaching? He may have ex students that know him well and that are in the right places now....but......as you said...
I see NG futures took a big hit today, not sure why.
http://quotes.ino.com/chart/?s=NYMEX_NG.H12.E
Agreed, and that is to be expected. Partly why we are in this range for now. I just like calling them weak hands, LOL!
I am averaged in at .10/share right now on AEXP (2 years worth of buys), and no sense selling here. At .01 or lower it is easy to average down and have a huge effect for few dollars for me.
If MNLU gets any kind of real news rally going, AEXP may rally more % wise than MNLU, and at this point I see far more downside potential and risk in MNLU than in AEXP. AEXP is already oversold technically. MNLU has an easy 90-95% downside risk, while AEXP would be a screaming buy at a $300,000 market cap IMHO, thus my big buy at .005/share. Buying the Warren buffet way, blood in the streets, and we may see one more wave of AEXP selling (hard to tell, depends on how fast Steve Harding moves to get a new deal going and news out) before it bottoms.
But Steve did tell me on the phone when we talked about 2 weeks ago now, that he and some key inside investors were not going to close up AEXP, or sit and wait on MNLU and the BV deal.
Unless AEXP dilutes massively before any good news, the market cap should bottom around 200,000 to 500,000 based on other pinks historically, and that puts zero value on the MNLU / BV JV that AEXP still has a 20% ownership of in 5,000 acres until or unless Westrock kills MNLU and the JV. So I see an easy news rally this year back to .04 or .05 for AEXP on the right news.
I will be patient and wait for the AEXP shares to come to me. I may nibble some along the way at .01, LOL!
Also, MNLU needs to raise $10-13 million now!!!! Has a bunch of unpaid bills and faces potential BK. AEXP has one bill I know of, and it is owed to MNLU, about $300,000. AEXP has only 60 million shares issued, MNLU has over 80 million issued and 15 million more promised out to Westrock. So do the math!!! MNLU must dilute, big time worst case or go BK. AEXP has no serious need to dilute big time at this point near as I can tell. And if Westrock owns 4 million shares of AEXP, they might just shaft MNLU next, and cut a new deal with AEXP (I would not put it past these clowns to do just that, and make it sound reasonable, LOL), but that is a wild card for sure.
I think we moved on to the CEO in China with a buying customer tagging along want to see and buy an H2 generator, but wanting to inspect the working one in China first news. That and tax loss selling ending last month. Also, the merger deal in China with the auto parts company and TTEG, from 2010 is not dead either (just delayed due to the China stock scam RTO merger scares and accounting differences and issues....), and the test engine data will likely be a hot topic with the CEO and China partners on this visit. Lots of irons still in the fire over there for the TTEG engine based on the recently built next-generation prototype, and the H2 generator marketing deal....
That said, if TTEG comes back with a solid order from the Pharmaceutical company then that might close the deal you asked about!!!!
Edit: Still too many weak hands, buy and sell about 50/50 today (.10 and .13 to .138), but bid got knocked down .05 on last volume dump at .10, and bid / ask is now .05/.13, talk about a spread and volatile!!! Also lots of shares at the bid and ask now, a LOT! Interesting that I don't see any stop loss orders tripped with the bid back at .05!!!!!! Lets see if any one bids at .10 or higher the rest of the day like they did yesterday.
If AEXP hits about .005/share, I may buy 500,000 more shares. It only has 60 million shares issued. Right now at .01, the entire MK is only 600,000 dollars!!! Which makes it a screaming buy I think!!!!
AXPW has been on a steady rise this year, up nearly 100% from the all time low. I am not buying the long term Koolaid, as I suspect dilution news will follow when it peaks, but it might be a day trade option for those with nimble skills. And a great short when it peaks, where ever that will be?
Wildcard is if major news leaked and is coming out in a few days, which I doubt.
But it begs the question of where those leases were in Miss, and why MNLU pissed away 1.3 million dollars on them? There is no proof that they are not some of the BV leases in the 17,xxx acre mess?
I think they are gathering shares at .10 from the weak hands, before they walk it higher, and basing here to get buyer support to walk it higher. Until we get news, at least for a week or two more, it has potential to go higher. I am holding still.
And that was not me that just bought 20,000 shares at .138 either!!!
GO TTEG!!!!
I am showing .10 and .138 bid and ask, and holding! I think it may have one more move higher to at least test 20 cents
I think you are confusing two different leases, one was with AEXP, the other with MNLU.
That is a different lot of land (I think). I was referring to the land where the well is, the leases that AEXP originally had from Westrock, that is now a pending (incomplete) deal between MNLU and Westrock.
I am now wondering what this part means?
The contiguous acreage involves several landowners, with mineral lease expiry ranging from June through September of 2011.
The bid to ask spread has gone balistic here, .036 bid, .86 ask!!!!
Something may be up? Also ticker changed back to MHAN
MNLU has not secured the leases. All they have is a handshake on a possible deal, that Westrock can change at a moments notice on a whim.
"With all you have said you say you are going to stay in, you must think that Wilmont might be forced to go ahead with the pumping?"
I think the only question is what is he going to pump, and when, LMAO!!!!
Well said Wildcat. If there were no real leases, and no oil, and proof of that, it might be another story on EGOH, regarding possible fraud, and scam status.
I wonder what happens if Wilmot kicks the bucket? Does he have any kids with better sense?
Who is, was Joe Wallen? I missed that one I think?
Do we have a total $ sum of total tax liens and TRRC fines?
I sure find it very interesting!!!!
Looking at the volume today, 2 mil shares, and closed at the low of the day .008, it looks like it is going a lot lower.....
IMHO MNLU (and Westrock...Pierce) screwed AEXP by not finishing the well, and forcing the default, which makes MNLU complicit.
It never made sense until now, why MNLU did not dilute and raise cash in Dec '09, Jan '10, to finish the well when the stock was well over $1/share with a full court press of PRs. Now I suspect it was all about dumping existing shares, while dragging out the well completion until AEXP defaulted so that MNLU and Westrock (Powers and Pierce) could play the game one more time, before Westrock (Lucy with the football, poor Charlie Brown,,,,) and Pierce, shaft MNLU in the end.
Westrock and Pierce will be the winners in the end, unless the SEC nails them finally. With NG at $3, they have time to play the shell game again, and strip MNLU bare.
I only see one possible reason for them to try and finish the well and do one more pump and dump of MNLU before they shaft everyone, the need to dump MNLU shares if they still have them, the need to cash out the 1.5 million in loans Pierce still has with MNLU, and the possible need to complete the well and produce gas to keep the State of Miss., from forcing them to seal the well permanently.
But the well experts here do not seem to have an opinion on how much time is left on the sealing the well or completing the well deadline.
If Werstrock had now dumped their 4 million restricted shares of AEXP (Probably illegally dumped them), why would they shaft AEXP? 4 million shares was about 7-8% ownership of AEXP!!!!!
It looks like EGOH price is about crash here to new lows. And no SE around to make her wink, :(
LOL
You said Mike Parker said "The leases are all up to date and paid"
I will believe that when I see real proof, and the public info on MNLU says the lease renewal is NOT paid up by MNLU to Westrock on the leases AEXP lost back to Westrock (the ones that the well is on), but a deal is pending?...what was it, "a deal in principle" ??? deal? If Westrock had not already dumped their 4 million shares of AEXP, why would they shaft AEXP? IS MNLU next for the Westrock, Powers, Pierce shafting?
We had a merger deal (MNLU/AEXP) on paper for 2 years that fell apart too, or did you forget that? Westrock (with MNLU help) shafted AEXP, what is to keep them from shafting MNLU shareholders while Pierce plays SHELL games behind the scenes?
Time to put on your rally hats folks!!!! Price is going up!!!
Sellers are GONE!!!!!
I think this move has legs to go higher until news arrives.
Just take it back up to .15, you know you want to, just $15 plus com., LOL.
No doubt someone tried to trip a stop loss order to buy cheap, AND FAILED!!! A GOOD Sign!!!!
I agree!! The only big risk I see right now is how long Larry can hold the issued share count down and still pay bills, until he is ready to let the dogs loose!
Right now it has priced in massive dilution already (making it a strong buy here), dilution that we have not seen the last 3 years, nor has Larry's history shown that he is likely to dilute big time like so many others have done.
Their data has been worthless, with many errors for a long time.
Wilmont does not need SE or WK professional help to pay his TRRC fines, which is the real hold up from what I have read here. Only reason I have not moved on, is the chance Wilmont might use the Cayman Island line of credit to pay the fines before he does a Weasel move on us again. That, and the fact that SE has not dumped his shares since we would be down to .001 or lower by now if he had.
While your efforts are admirable, Wilmont knows how to reach SE any time he really wants to. My guess, is that he is just humoring you.
The overall history and picture is rather complex, no simple answers.
I believe the last 12 months has been far worse a time to try and raise money for technologies like ERC and MVTG (as well as alt energy, biotechs and so on) than 2008-09 was, because the 08-09 period looked like Alt energy and GHG technologies were going to be king of the mountain in 09 and beyond. Japan Tsunami, major earthquakes, Euro crisis, Iran nuclear issues (recent saber rattling) in 2010, the market slide for 9 months, and so on has had people running to so called safe bets, like US treasuries, and oil stocks, and some solid dividend stocks.
Every high tech bet I made in 2009-10, has been hammered by 80-98% losses the last 12 months. One of them just rallied by 400% the last 8 days, so I have not lost all hope!!!!
As far as LaFarge is concerned, I suspect we will hear news of ground breaking pretty soon. Let's hope the timing is good for the market!!!!!! We should also hear good news of an issued international patent overseas this year!!!
LOL, you are too conservative sir! Toast is at least digestible!!!
Shame it is not 50,000:1, that would make it an excellent short!!!! LOL
May even be a good short right now?
To answer your question, Steve Harding told me that he and several other AEXP shareholders were going to look for other opportunities to exploit, immediately. I had asked him if they were just going to close the doors on AEXP, sit and wait for MNLU and BV to succeed or die, or if they were going to consider other opportunities.
Right now AEXP is priced market cap wise as if it was BK, but I think all the debt it has is about $300,000 owed to a bunch of crooks and scam artists, and AEXP still has a part of the BV JV deal for now. When AEXP got shafted, I had all my shares in AEXP, so it makes no sense to me to buy MNLU or sell AEXP at today's prices. It would not take much for AEXP to get something new going to stir up a price rally in AEXP shares. Just news of a new lease option signing on a promising play would run it up from here.
Since Pierce holds MNLU senior secured debt still (1.5 million dollars IIRC?) he could force a Chapter 11 show down, call the note, and wipe out existing share holders by issuing 95% share dilution to convert debt to shares in BK, wipe out the unsecured creditors, and start the whole penny game all over, possibly after a R/S.
If as we have been told, Brent Pierce is the money behind Westrock and Garry Powers, then it makes no real difference asset wise, if they wipe out existing shareholders and get a fresh start, or get MNLU funded and the well completed (IF Brent Pierce does still own 20% of MNLU that is!!!!!??????). The question right now IMHO is how long can they stall the state of Miss with out completing the well, while they wait for NG prices to rebound and funding to drop in from left field? Right now there is no economic value to outside investors in funding MNLU with the cash needed to finish the well and pay off the debts needed to make MNLU a safe partner to trust as the major partner, and I suspect Garry powers and Brent Pierce would rather let MNLU go BK, and keep the leases and well 100% in their Westrock asset stash, than sell controlling interest to outside investors at today's price of NG Which leave Westrock Brent Pierce with very little right now). The difference between $3 gas and $4-5 gas is huge, as it is at best break even at around $3 gas, but a huge profit margin at $5 N. gas. So the real value is future value and current value is just not their with the cost of these ultra deep wells, and the added cost to build the infrastructure and pipeline needed to get this gas to market, thus we sit and wait. :(
Another damn fine some what surprise close, at the high of the day on very good volume!!!! Most encouraging indeed!