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Gushing, amazing that you remember that. That estimate was based on the numbers being published at that time for possible reserves of 14.4 Billion barrels, as I recall. My expectations have declined significantly since then, tho we really still don't have any information to hang our hats on. I kept that computation, so when we get some real numbers I'll do the revised calculation and post them.
Magic
Red, the smaller NON-CARRIED players likely are being crowded out due to a lack of being able to pony up their portion of the already completed drilling costs, and will be pressed further if a Phase II plan is proposed, requiring the pay up or default.
My thoughts have been, as posted months ago, that ERHE should form a subsidiary to own the JDZ blocks, spin it off on a one for one share basis to the existing shareholders, then let SPC buyout that subsidiary. That way we all get assurance of being fully compensated for our JDZ rights. ERHE would continue to exist and hold the EEZ blocks for further dealings and we would still hold our unknown interest/value in them as well as the co cash, etc.
JMO, Magic
Not yet today.
Buy, imo. Note they dropped the bid to .605 to shake loose the shares they needed to finnish the order.
JMO, Magic
Looks like they had a decent size order at .64 and trying to fill it:
Rec. Time Action Price Volume
11:51:57 AM Trade 0.64 1000
11:46:55 AM Ask 0.66 2500
11:38:31 AM Trade 0.64 1500
11:38:27 AM Trade 0.64 2500
11:38:27 AM Bid 0.605 2500
11:38:26 AM Trade 0.64 15000
11:38:26 AM Trade 0.64 2500
11:38:02 AM Trade 0.64 5670
11:38:00 AM Trade 0.65 1300
11:37:56 AM Bid 0.64 2500
11:37:56 AM Trade 0.65 2500
11:37:55 AM Trade 0.65 717
11:37:55 AM Trade 0.65 2500
11:37:39 AM Trade 0.67 1000
11:37:35 AM Trade 0.651 5000
11:37:33 AM Trade 0.651 2500
11:37:29 AM Trade 0.653 1200
11:34:05 AM Trade 0.65 5750
11:34:02 AM Bid 0.65 2500
Oh yeah, I failed to mention that my buying shares would definitely drive the shareprice down immediately. I just assumed that everyone on IHUB knew that already, as it is a very well documented fact. Fortunately this effect wears off after several days, sometimes.
Magic
Been watching this for years, and have placed my first order just now. Congratulations to the long suffering longs here.
Magic
Which filing. I have read them all as they came out and do not recall any additional purchases of shares by SEO. My memory is not infallible, but I think I would remember that. Please educate me.
TIA, Magic
Just started getting bid/ask feed on my feed today!! Finally. This could help with trading volume. imo
Magic
JPrinting press in high gear.
Could it be that shares are being traded with a "due bill" attached, so that the buyer is promised the dividend by the seller??
Otherwise, why are shares trading as if there were no record date?
Magic
Buyers held the lead at the wire:
Rec. Time Action Price Volume
3:59:34 PM Trade 0.7 100
3:59:30 PM Trade 0.7 1400
3:59:22 PM Trade 0.7 100
3:57:49 PM Trade 0.7 500
3:57:45 PM Trade 0.7 2000
3:57:44 PM Trade 0.69 5000
3:57:41 PM Trade 0.69 20000
3:56:39 PM Trade 0.7 2900
3:56:31 PM Trade 0.7 100
Magic
Some day traders closing out:
Rec. Time Action Price Volume
3:53:18 PM Trade 0.69 10000
3:53:04 PM Trade 0.69 500
3:52:52 PM Trade 0.69 10000
3:52:47 PM Trade 0.69 2000
3:52:39 PM Trade 0.69 10000
3:52:39 PM Trade 0.69 10000
3:52:22 PM Trade 0.69 2000
3:52:19 PM Trade 0.69 7000
3:52:18 PM Ask 0.695 2500
3:52:12 PM Trade 0.69 1700
3:52:12 PM Trade 0.69 17500
3:52:11 PM Bid 0.69 2500
Rec. Time Action Price Volume
3:49:02 PM Trade 0.705 2500
3:48:59 PM Trade 0.705 1300
3:48:59 PM Trade 0.705 2000
3:48:54 PM Trade 0.705 700
3:48:54 PM Trade 0.7 2000
3:48:50 PM Trade 0.7 2500
3:48:46 PM Trade 0.7 100
3:48:36 PM Trade 0.7 3000
Good call Dude!!! NNNOOOOTTTTTT
Good luck with yer tradin!!
Posted by: robjer Date: Wednesday, February 24, 2010 10:12:58 AM
In reply to: stocks2rise who wrote msg# 200371 Post # of 200558
well stocks2rise, sorry but I was one of those traders out at $.57. Didn't know my shares were going to stop your rally, though
lolol
I'll be back buying when we're back around $.42.
I'd say mark killed the rally when he said results "in a week or so" as a bunch on here were trading and buying like the results were imminent.
luck to lugs et al.
Seriously, can anyone explain just why this would still be trading? Makes absolutely no sense to me.
Magic
Properly M is 1000. MM is million.
Magic
MN or someone asked about a gap that hadn't filled. Check out MMR, another oil co with a big gas strike announced back in January. It may, of course, still get filled, but no indication of that yet.
Magic
Wan't that PO like two years ago from a subdivision builder in Florida? Wanna guess how many tract house builders are still in business in Fla??
I own a few shares, but this is a paper mill now. I bought because of the ammonia converter plan, but that seems to have gone to the wayside along with the certification.
Magic
This is the "intel inside" concept that Bob has talked about repeatedly. We would be the internal database I/O and storage component of the bigger EMR systems others market.
Magic
Interesting article:
http://www.aafp.org/online/en/home/publications/news/news-now/practice-management/20100216hsc-ehr-study.html
An excerpt:
"The study authors said that small- and medium-sized physician practices generally agreed that their EHRs were useful in terms of making data available and coordinating patient care within their own practices. However, most physicians interviewed said their EHRs were less helpful when it came to exchanging information between practices and other health care settings because of a lack of interoperability between systems."
Magic
I'm betting that 3,5 & 6 were taken by EEL and STP. Those were my choices based on "closeology". Glad to see it done tho.
Magic
Surely you don't really believe that do you??
Magic
Long, but not rabidly so.
amj, you said:
"the company has been holding on to drilling results as leverage against the JDA, nigeria and the welfare island to get 5&6 resolved."
I don't understand how that "leverage" would work. Can you explain that a bit more?
Magic
Manti?
$350,000,000. / 1,500,000,000 = $0.23/share cash value
Magic
I would like to have blocks 5,6,3,7, in that order.
Magic
Oh yeah, I forgot to tell ya'll that my buying would absolutely result in a drop in the shareprice. Just assumed everybody in the world knew that already. LOL
Magic
I'm in for a taste.
Magic
OK, pulled the trigger on a few QASP, thanks Manti.
Magic
Manti, haven't been able to pursuade myself to pull the trigger on QASP so far. No PM for this tightwad. Is there more than what's on the board that I should know?
TIA, Magic
From the VTSI board, this could be really interesting. I am long.
Posted by: Fairly_New Date: Friday, February 05, 2010 11:01:25 AM
In reply to: sweet mouse who wrote msg# 26865 Post # of 26875
CORRECTION: The Q&A comes out on MONDAY
Along with a company profile, a questions and answers session has been confirmed and the date of release is tentative for 02/08/10.
http://www.themarketfinancial.com/virtra-systems-ceo-set-to-provide-company-update/1569
Magic
interamericatech, you are correct in that I should have separated my response. You were correct on one point, the agreement issue, but incorrect on the other, the court extension. Under the FPCA statute, there is specific provision for extension of the SOL under very certain circumstances, as I cited in my response. I had considerable experience in determining SOLs and preparing extensions of them in my years with the Treasury Dept. When this FPCA SOL issue came up long ago,I read the statute thoroughly for my own comfort, and am confident in my statements.
I apologize for not delineating my response regarding which poster I believed was incorrect on which issue. I can appreciate your experience and expertise, having some similar background.
Magic
Actually you are both wrong. The SOL can be extended by agreement of the investigatee, or can be extended if the DOJ has requested information from a foreign country and has received indication that it may be forthcoming, at which time the DOJ must petition the court to approve an extension not to exceed three years.
Magic
Hey! Watch how ya use that term, rob!!
Magic
Don't sugar coat it tom, tell us how ya REALLY feel!!! LOL
Magic
Fishdog, are you buying more today, or would you if funds were available??
TIA, Magic
Yes, I do, as I have no reason not to. Anyone who does not would have to be a damn fool to be invested here. Which is it with you?
Magic
Peter has clearly stated that any new AIM entity will NOT include any of our current GOG assets, which would be our JDZ and EEZ rights. Why can't people get this thru their thick heads?????
Magic
Yeah, it only needs to go up another 10,000% or so to get me back to even!!!!!!! LOL
Magic