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OMG, LOL the usual suspects, INDEED!!!! I think you are really "Keyser Soze"
ROFLMA!!!!
Rally time for ABAT!!!!
I think the OTCBB update from MVTG shows aver 500 known stock holders in MVTG's records.
I know there are some other deep pockets holding shares that are not on this board.
I have bids at .01 now, and a large bid at .0045, The 110,000 share lot dump dropped the days low to .004, then I think an MM or someone placed new orders since then.
It may not be long before I have as many shares as you do, LOL! I am out of posts till 11 pm CST. Email me later if you want to chat.
I talked to Larry already.
I have seen worse today, looks like year end tax selling, when there is too little support, which is killing many penny stocks right now. So much for the Valentines day massacre. I just watched one drop 90% on 140,000 shares, that was already way oversold, knocked the market cap down to $176,000 on a real company. Incredible. So much for the efficient market theory!
One thing is for sure, many are the malls buying gifts, and selling for tax loses. This is a blood in the street day folks!!
Wow, my bid was torn through like tissue paper while I was away. .004 is a market cap of 176 thousand dollars. Even if they doubled the shares this is a screaming steal at that price. I just added a bunch of bids.
Your "No audited Financials" statement is wrong. Only the annual reports are audited, not the quarterlies. The annual reports are current. The 10-Q is only about a month late right now, IIRC, and the new auditor is helping generate one while they look for new CFO, IIRC.
The money is NOT GONE!!!! I got the impression last week that ABAT ended the SEC/Nasdaq investigation by proving the bank balances were real to NASDAQ (it just a few more days than Nasdaq was willing to wait), which was why the initial nasdaq news release said trading would be allowed to resume, but then there was a delay, and they delisted themselves (or agreed to it) due to the late financial reports, that will be delayed while they start over with the new auditors, and the stock price under $1 Nasdaq issues that are likely to linger while the new auditor gets a handle on things.
You really should cover your ABAT shorts now, and find a much better short target!!!!
READ MY LIPS!!! I am not selling!!!! CCME has been dark for nearly a year now and is trading as high 20 cents, and CRTP is now grey, no MM's, no company news, no finacial reports in 6 months, and is trading again at 50 cents to as high as 90 cents the last 2 months!!!!
For the most part, the CO2 will dissolve in the water and add to the water pressure, like a coke bottle, that helps push the oil to the top. If there is no water, it will just form a separate phase, and help push the oil up the well pumps. It would vary from field to field. There would be many different variations of it, under the ocean, deep wells, old shallow stripper wells. But the CO2 would for the most part look to find and dissolve in the water.
Using CO2 to help extract crude is a very good use for it. Some natural gas wells naturally have too much natural CO2 in the Natural gas, to be economical for production of the Nat gas.
LOL, I had a Chemistry professor at the university that said that never and always were not real in the world of chemistry, and I find it true in stocks and other places as well. Every time I read posts using absolute claims, it gets my attention, LOL!
While your statement is true of many other China stocks, I have good reason to believe it is not true of all of them, I strongly believe based on the evidence I have seen, that this one is a real company, and that stock holders buying the knife over the next 3-6 months will be well rewarded. I believe this one is even less of a danger than DEER and HRBN (Harbin) were.
Another new 52 week low, at $1.42 this morning.
CSGH has been in a steady decline matching PEs with the rest of the China Pack for a long time. It's price today has nothing to do with the ABAT PR.
So are you saying that I am "no one" since I am a buyer of ABAT? LOL
Perceptions change, and nothing goes straight down or up forever, COVER your shorts while you can!!!! LOL
If it was an outright scam, why did insiders, officers buy so many shares at such a high price?
http://www.otcmarkets.com/stock/CCME/insider-transactions
And you must not know any lawyers. The first insane thing they would recommend is silence!! And frankly, at this point, any PR would be a waste from the sound of things.
When the bean counters start buying the final tech for various plants, they will see the total cost of CCS is HUGE compared to MVTG's ERC technology, which can earn them revenue (and profit), while most CCS can not earn revenue. Note that using CO2 for oil extraction in oil fields might be less costly that just outright hiding it under the rug, LOL.
Also the Ambulance chasers will be warning the bean counter buyers of the long term, unlimited liability risk if the CCS rugs where they hide it, release the CO2 in a dangerous incident or manner.
I can't think of a soul that is willing to buy your worthless EGOH shares, LOL! Never mind that I added yesterday, LOL.
I don't have an example as extreme as CCME, but the one I do have, was not attacked by short articles directly, and happened before the wave of attacks started and it fell a good 90% and was very quiet for a good 6+ months or longer at one point IIRC. It is CGYV. They changed auditors, and the new one, insisted on redoing the prior 2 year annual reports, and the stock price crashed while there was no news, and while we waited for ages to start seeing old annual reports rewritten. I bought the knife on that one, and did quite well. 400% gain, I am still watching this one from the sidelines, as it has Huge potential if it comes back to life even if have the earnings and cash were only 1/2 real.
I don't think Clayton Smith has anything to do with EGOH. EGOH has its own strange varmint with his own history of screw ups. His name is Wilmont!!! All the dirt digging I have done has never located a connection between the two. Wilmot has his own colorful, checkered past!!!!
The real question right now is Questus. Is there real money behind Questus. I found tracks that indicate there is some big money, and a real winner behind Questus, and I don't mean Steve. I think Steve is just the face at Questus with the real money guy behind him. But only time will tell. IF EGOH gets oil flowing in the next 4-12 weeks, it may be a sign that Questus is not the same old scam. But I still would not risk buying shares in GSRE. Just way too many shares, and too much bad history.
EGOH does have a contract with Questus. That is the only connection I know of between the GSRE and EGOH, so far.
Been arguing with some bears on Seeking Alpha, old short attack articles, comment section, from earlier this year about ABAT, arguing with them the last week or so. They are so convinced this one will just vanish, based on it's being moved to pink sheets, but I just recalled a recent PR, about 6-8 weeks where the cycle division, subsidiary PR'd about a new 8 million dollar bank loan, which would not have gone through the bank if ABAT was scam!!!!
I got into CGYV about 2 years ago after an 85% price crash, when they switched auditors and ended up running a year late redoing old annual audits, but they came back, a year later, filled all the reports, the stock rallied 400% when the reports were filed and the new plant went on line, and now they just reported a first time profit since at least 2008. They did not disapear, neither did HRBN (Harbin which went private with a huge buy out), and DEER which has counter sued the shorts and ambulance chasers!
I staying long on ABAT. Long live the ABAT LONGS!!!
Just a thought, if a company was totally worthless, why would ambulance chasers bother suing it? And why would the worthless company bother mounting any defense at all?
On the other hand the company has had a hoard of employees, about 70 give or take, and a well paid executive staff, that burned through tens of millions of investor dollars in cash, with no end in site, and never were able to sell or finance a single plant with out feeding off the US DOE T! They also relentlessly diluted prior investors as they burned through that cash for years.
I drank the Koolaid, big mistake, about 18 months ago and believed analyst reports that they would have reached break even by now just with the NY plant online at full capacity. What a lie that was!!! Now I hear they may sell the NY plant for a tiny fraction of its cost, and a fraction of what DOE lent for its construction, but the BK filling said they had 30 million in assets more than debts (another lie?), and a few weeks later they suggest the plant will be sold for 25% of what they own for the loans they used to help build it, much less what the total cost was. So what I want to know is where and what are the other $55 million in assets they claimed to have. If they can't earn a profit running the plant after getting a sweat heart DOE low interest loan for most of the cost to build it, 39 million $$s, how will they ever survive, and why would anyone buy the technology, if it is unprofitable????
I have no doubt common shareholders are about to get ripped off one more time, as they already got ripped off for years, long before the Chapter 11 BK. Only this time, I expect a big power company, like SO, or a power house like Westinghouse or GE to pick up the IP prize for crumbs.
I think the DOE was had, and manipulated just like we investors were.
You do know they are in BK, Chapter 11, and the common may get hosed, right?
A form of legal theft by ambulance chasers, wallstreet sharks, and banksters all aided by inept, incompetent financial management of a a great new IP company.
Yep, I was right, same old game here. We closed at a $1.63 today, a new low since the R/S which peaked at $6. Sometimes nothing really changes, just the camouflage and window dressing.
Also noteworthy, is $1.84 in Dec 2010 was the 52 week low, today was a new 52 week low, at $1.51, about a 75% loss for those that held when I suggested selling (and sold myself).
I now wish I had shorted this at $5. But alas I have never yet shorted a stock, but the urge is getting stronger. I am tired of loosing money being long this year, LOL.
In that case go ahead and sell a few here, so we can get the rally going again, and get PR off our back. Funny how he always shows up at the bottom, LOL!
And I want PORKCHOPS!!! LOL
Even if I need to wait till January for them, LOL
I love the labels! I had not seen that link before. Looks like they have been quietly nursing the product along to production after all.
Gerry (MNLU Director) told me about 7-8 months ago, that they could generate as much as $500,000/month in cash flow off this well based on the remaining capacity of the nearby pipeline, and he said the fracked well could deliver a lot more than the existing pipeline could deliver. So even unfracked, this well might be able to deliver enough flow to collect that $500,000/month cash flow in the early months, which would pay a lot of bills very fast. I think he said break even on the well was around $2.50/1000 cubic feet.
Well I did some digging this week end, and it seems that MNLU / AEXP (merger partners) do not need to frack this well to make good money with the well. And Fracking it is at least 50-70% of their budget to bring the well on line (not including paying off old bills).
They can always go back and frack it later. But they need to frack it if they want to boost and maximize the proven reserves from initial start up flow data, and maximize initial flow rates to maximize initial cash flow.
But since there is not enough pipeline capacity nearby to handle peak flow of the fracked well, it makes no real sense to frack this well up front (according to some experts in the business, I am told), and it seems that fracking the well is on the dangerous side, risky, cutting edge operation. That may be half the reason they brought in the top world expert, Chilanger (SP?), the other half to bring in more possible partners, and deep pockets to the bidding table. It may be that the big money guys wanted a second opinion on whether to risk fracking the well now, versus later after the well has flowed for a while, and the pressure has dropped.
I now think that if push comes to shove that MNLU will back off on fracking the well, and just tie it into the existing pipeline (which should not cost very much to do, in fact they may already have the pipe on hand to plumb it?), to avoid BK and to avoid excessive dilution or excessive cost of a JV deal. Then they can go back later once the well and properties are proven reserves and borrow money from easier to tap sources using proven reserves as collateral, and get better offers for JV deals.
Also, IIRC the BP#1 well in the BV, Miss, play is on an AEXP lease, not an MNLU lease, and AEXP has very little debt (most of which is owed to MNLU). So I still think AEXP may be the safer buy here.
Well I did some digging this week end, and it seems that MNLU / AEXP (merger partners) do not need to frack this well to make good money with the well. And Fracking it is at least 50-70% of their budget to bring the well on line (not including paying off old bills).
They can always go back and frack it later. But they need to frack it if they want to boost and maximize the proven reserves from initial start up flow data, and maximize initial flow rates to maximize initial cash flow.
But since there is not enough pipeline capacity nearby to handle peak flow of the fracked well, it makes no real sense to frack this well up front (according to some experts in the business, I am told), and it seems that fracking the well is on the dangerous side, risky, cutting edge operation. That may be half the reason they brought in the top world expert, Chilanger (SP?), the other half to bring in more possible partners, and deep pockets to the bidding table. It may be that the big money guys wanted a second opinion on whether to risk fracking the well now, versus later after the well has flowed for a while, and the pressure has dropped.
I now think that if push comes to shove that MNLU will back off on fracking the well, and just tie it into the existing pipeline (which should not cost very much to do, in fact they may already have the pipe on hand to plumb it?), to avoid BK and to avoid excessive dilution or excessive cost of a JV deal. Then they can go back later once the well and properties are proven reserves and borrow money from easier to tap sources using proven reserves as collateral, and get better offers for JV deals.
The PR's are all about finding new bag holders to sell shares too, sold by the insiders who buy new shares at 50% off, so they can sell the old shares to retail at a profit. That is how they have been paying their bills for years now. Byron was brought on board because he knows the PR game inside and out, he was the PR officer at AOL in it's heyday!
Where did every body go?
http://www.otcmarkets.com/stock/IFUS/company-info
It sounds like good news. Market cap is at or near the floor here. Sounds like it is priced at the bargain level based on the data. Market cap can not go much lower. Even a shell is worth something. If the annual report shows up in the next 8 weeks or so, with any good news, it could get a very nice bounce. There was a lot of heavy buying at about .065 this summer on expectation of a quarterly report. Marc assured me months ago that he plans to file the annual report. This share status update you found is a very good sign that he probably will follow through and file the annual report. And this report says there has been NO dilution at all this year!!!! That implies that they are paying the bills and must have enough sales, revenue and profits to have kept the lights on and ship orders.
It is a non event, as the old accounting firm was bought by the new accounting firm, so really the accounting firm changed in name only.
Not good or bad news.
News out today, and the stock drops under $2 (finally), down 17% on a news day, fluff news, not a good sign!!!!
$2 is likely to turn into resistance now. Price is down from $6, 52 week high to $1.75 today, like I said it would 6-9 months ago.
Best bid is down to $1.56 this morning!
BY Investars Analyst Actions - private
— 12:00 PM ET 12/02/2011
On December 2, 2011 Zacks Investment Research, Inc. upgraded ADVENTRX PHARMACEUTICALS, INC. (NEW COMMON STOCK from HOLD to BUY.
The game is a foot, again!!!!
EPA Issues First GHG Permit in Texas.
The Lower Colorado River Authority (LCRA) Thomas C. Ferguson Power Plant has been issued the U.S. Environmental Protection Agency’s
(EPA) first Texas GHG permit. The LCRA is replacing its old unit with a new natural gas powered unit. LCRA is the first company in Texas to complete the GHG permitting process, which began in January 2011 after EPA finalized national GHG regulations specifying that projects increasing their GHG emissions would require a permit. To learn more, click: http://yosemite.epa.gov/opa/admpress.nsf/d0cf6618525a9efb
85257359003fb69d/074af11b53976c6c85257944005ad79c!OpenDocument.
LOL, Anybody that bought at $1500 is shopping for new ass, LOL!!!
OTC shows the post 300:1 R/S 52 week price range as:
1,584.0001 - 9.00
LOL!!!
Or one of them wants to quietly sell, so they run the price up first, LOL. Or we get a good PR. Might see in Jan/Feb. Year end tax selling might keep us from making the run this month.
I am not sure the BP#1 well is on an MNLU lease? It may be an AEXP lease that was assigned to the JV with all three parties, MNLU, AEXP and Guggenheim?
On another topic, I recall being told that Guggenheim was not being tapped for funds to complete this well, in part due to the cost of doing such a deal with Guggenheim. I was also told at the time that Guggenheim did not do loans on unproven reserves, which is what MNLU was actively seeking earlier this year. But Guggenheim did do a JV partial funding of the BP#1 well, so in conclusion, I think Guggenheim may be a realistic potential backstop to avoid something like BK or loss of the leases (although a more costly one than MNLU management has been willing to tap so far). Long story short I guess we need someone to verify the leases renewal dates and terms?
I still believe AEXP may be the safer buy of the two merger companies, almost no debt, part owner of the BP#1 well with Guggenheim who is also an 8% owner, no secured dept insider issues like MNLU has......and so on. And we had multiple insider retail share buys of AEXP this year, with no insider buys at MNLU this year (IIRC).
Frankly, If I was JV potential partner, I would move the cash into AEXP, let AEXP buy MNLU at a fire sale, then complete the well, but I am just tossing out wild speculation there, may be too much paper work and expense to do that.......
I just hope we get this done before flood season returns, and we spend another year bleeding.
Fine, it is not an official 10-Q SEC form, but it is listed here:
http://www.otcmarkets.com/stock/EGOH/financials
on the OTCBB as a "Quarterly report" (Which I tend to think of by default as a 10-Q, so fine I screwed up and miss named it, big deal, make a mountain out of mole hill, why you try to talk the price down to buy cheap, LOL, at least I am honest about wanting to buy cheap shares, LOL),
BUT compared to the April 13th quarterly Wilmot filed:
http://www.otcmarkets.com/financialReportViewer?symbol=EGOH&id=47793
this one (and now I see the one in between those two) is an absolute piece of art work, LOL. And it is news that it even got filed, and it shows no significant change in shares outstanding based on some past history (which you failed to mention? Not sure why?)..... (looks like 141 million is now 147 million shares outstanding, so 7 million shares added the last 3 months, about a 5% increase)
Edit: I just re-read one of the prior quarterlies (OK it is NOT a 10-Q, LOL, NOT-The-MAMA!!!!), the April 13th report to be exact, that I was so disappointed with the first time I read it, but today I just noticed that it mentions that Churchman settled with EGOH on past due bills, with shares at .06 share, in Jan this year!!!! VERY INTERESTING!!!!
For those that are new here, and may not have all the facts, here are SOME details and history (I think all of this accurate as of Dec 2, 2011, if you see an error please let me know):
Here is the latest source I used:
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000791/f10q.htm
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000186/f8k03142011ex99.htm
Covers the 14 billion BCF of natural gas per section (times 28 sections, 500 BCF estimate per well based on data from BV#1 well, 28 wells per section possible, IIRC)) PR for the Buena Vista Miss leases. At $3.50 per thousand cubic foot of natural gas, that works out to 1.37 billion dollars of natural gas across the entire MNLU+ AEXP leases in the immediate BV, Miss., area held by the post MNLU/AEXP merged company.
Book value of unproven reserves was .16/share (probably based on lease costs paid out?), before the Louisiana sale last month, and I don't think it included the 13 million spent on the BV#1 well yet??? (Not sure why, possibly not listed as a depreciable asset until the well is actually producing?).
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000025/f8k01062011ex99.htm
The two separate studies of logging data while the well was drilled, and core sample studies, times the post merger acre size, yields a calculation of about $1.37 billion dollars of natural gas in place at 22,000 feet (400 F, +20,000 psi!!!!) in the Mississippi leases alone (based on NG at $3.50/1000 Cubic feet). This does not account for oil or condensates above 22,000 feet, or smackover oil believed to be below the current well in the same property in Miss.
The company has about $4 million dollars in total debt, that is mostly unsecured!!!! (only exception is a few liens from recent court judgements on recent past due bills, and an insider, stockholder loan, that was about $1 million dollars this year, and is now about 500 thousand dollars, with a security lien on assets. Half of the loan made this year was just paid off, by selling the Louisiana assets for about $500 thousand dollars, to pay off half of the secured loans).
On April 22, 2010, the Company closed the sale of its Haynesville Shale assets in East Holly Field, DeSoto Parish, Louisiana. The assets have been sold to EXCO Operating Company, LP, a wholly owned subsidiary of EXCO Resources, for $28,159,604 effective January 1, 2010. The Company has sold its 40% working interest in all rights deeper than the base of the Cotton Valley formation (which has been defined to be 100 feet below the stratigraphic equivalent of the Cotton Valley formation and includes all of the Company's producing wells as described above) in the East Holly Field. The Company continues to own a 100% interest in all rights above this depth and specifically, in the Cotton Valley, Hosston and Upper Bossier sections.
The Company has used the proceeds of the sale to fund the drilling of the initial well (designated as the Burkley-Phillips No. 1 Well) on its Buena Vista prospect in Jefferson County, Mississippi, and to retire its debt to Guggenheim Partners LLC. (Refer to Note 9).
On April 22, 2010, the Company closed the sale of its Haynesville Shale assets in East Holly Field, DeSoto Parish, Louisiana. The assets have been sold to EXCO Operating Company, LP, a wholly owned subsidiary of EXCO Resources, for $28,159,604. The Company used part of the proceeds to retire its debt to Guggenheim and to re-acquire the overriding royalty interests granted to Guggenheim in the DeSoto Acreage.
During fiscal 2011, a shareholder (the "Secured Party") advanced $650,000 to the Company pursuant to a Demand Secured Promissory Note which bears interest at 10% per annum. During the six months ended August 31, 2011, the Secured Party advanced a further $355,000 on the same terms resulting in a total of $1,005,000 owing to this Secured Party.