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That's always the case,but I ask again where are all the retail buyers.A lot of posters said they would buy when it got lower.
There is no bid support even at .0077. Where are all buyers?
I guess those wells are dryer than first thought.
Today is getting real ugly.Porters hurry up and come up with a new plan.Bring back the MJ.
I can hardly wait.
I think some of you guys have mixed up bayp with the big oil companies.Bayp will never produce enough gas or oil to be profitable. If they manage to get the $5 million loan it will probably take all the profits from the wells to service the loan. And also we don't even know the terms of the purchase of all those wells.They need another business to generate much larger revenues.Look at todays reaction to the lastest PR.Pretty damn sad.
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Good news but its not doing much for the stock.
The stock already took a big dip. How low do you want it to go before you buy?
Do you or anyone on this board know what the margin is to short a stock like elra.I read somewhere that it is very expensive to short penny stocks. So if the stock is being shorted it probably is being done by the MMs.
Can you really believe that with the small dried out wells this company has that it will ever amount to much? If this company has any hope of survival they better get into some additional business. What ever happened to the mj plans?
If you own shares,it certainly is "OUR".
Your looking for a good 2015,but with the small revenews being generated from all the wells how can the pps ever get above a few cents?I still think they will have to get into something else other than oil and gas to generate any interest in this company to get the pps to much higer levels. This is just my opinion and what the hell do I know about the oil and gas business.
With SEI Energy doing all the work what do you think our share of the profit will be?
At the rate they are going with those 125 wells I think we are in for a long long haul.
There is always a RUMOR MONGER in a crowd. There is NO RUMOR.
I don't think they created those 700 million shares to use as wallpaper.Of course they will sell them at some point.
By the way,my post didn't say at .02,it said above.02.there is a difference.
Because they have lost almost all their hope of making a killing in this ticker and giving up.
That's not good because if we are all waiting and not buying these cheapies it probably means wer'e all going to sell when it goes up above .02
Is this the lull before the storm?
OLD NEWS
I think that the $5 million financing should have been finalized by now or was that just B/S.
Are they in or are they out of the MJ business?That is very confusing because first they were in and a month or so later they were out and then a month ago they started this new web site for the MJ business. That is why I ask are they in or out.Does anyone know?
I think you have my post mixed up with someone elses. My post didn't mention any numbers.
Where is there?
I thought this ticker was suppose to go up and not down like you are suggesting now.
There's no volume so how is anyone getting cheapies.
I think everybody who is a shareholder are waiting for the next shoe to drop.
Thanks guys for your responses to my questions. I guess we'll have to just wait and see what the next earnings report looks like.
Do you or anyone here on the board know how much money a gas producer gets for the gas they produce? Just trying to figure out how much money bayp will be making.
My shares were locked up also. I haven't looked it up but I don't think many shares were traded at .06. I'll look it up later in the day.
Good DD with that info.Personally I think BAYP bit off more than they can chew when they purchased those wells.They simply don't have enough money or experience to make it work. This is only my opinion and doesn't mean i'm right.
WOW! 4 trades and volume of about 67000 shares,sure looks like this stock is going nowhere fast.I think this stock is in serious trouble attracting new investors.Most of us holding shares I believe are not buying now but waiting to get out when it goes up a few cents.
I'm in the same boat as you are. Almost everyone I get into is a dud,but we can't give up hope that one day we'll pick a real winner.Hang in there.
Thanks,I found your stickie. I remember reading your post on those other ventures. Do you think they'll ever get lucky and one of their future ventures pans out? I think I know your response but I thought I'd ask anyway.
Thanks for all the great info.You and a few other guys are excellent at the DD stuff.I'm not much good at it with my old and slow computer and being 84 years old.Please keep up the great work I'll just sit back and enjoy it all.
Thanks and I will say goodnite also.
I tried to click on to your link but it said it was not available.
Thanks for the update on the name change. What scam or business were they into then?
Your welcome.