How can I tell the market opens tomorrow? LOL

Pinks don't trade after hours. It was an MM posting a trade from earlier, or something to that effect, IMO.

I find it particularly odious that individuals can say any foul thing they want to about someone like Rees with impunity, when they have nothing to offer by way of proof. I suggest that they be man/ woman enough to pick up the phone and take it up with Rees instead of slinking around on a chat board with their slanders.
I would like to see such behavior considered a TOS violation. It is cowardly, IMO.

jc

Just so...they just acquired a lot of bang for the buck in TEAM and CEMENTERS. These two companies are not start ups or long shots. They are already thriving multi-million dollar growth companies. They are not stupid, as evidenced by where they are today. Both have survived and grown through all the ups and downs of the domestic O&G industry. They are solid companies. I can't wait to see what is next on the table.

jc

Greenman, I am long on WRNW and believe it will be good for a nickel or so in the near term. But the bashers are correct about the sale of shares. Here is the excerpt from the PR:

We have also recently completed a net equity capital raise of
approximately $800,000 for the company. During the course of our
equity capital raise we obviously needed to issue significant amounts
of stock. The number of shares currently outstanding is approximately
562,000,000.

We have also initiated the process of raising additional equity
capital of between $1 million and $5 million. We anticipate being in
a position to raise this capital within the next 3 to 4 months.

*************************************************************

This plainly tells you that they are selling shares...that's what equity capital is. This is no concern to me, as it is why a company goes public in the first place....to raise equity capital. WRNW is making no secret of it. Let's say O/S even quadruples in a year or so, but the combined acquisitions increase revenues tenfold or more. In a case like that, the price per share will increase.
The bashers are correct in a way, but they will not present the upside of the dilution, which is the fact that the acquisitions increase the value of WRNW tremendously. TEAM and CEMENTERS combined grossed about $25-$27 Million last year. This , IMO, is well worth raising a little equity capital.
What matters about selling shares is what a company does with the money it raises.

jc

I can confirm that. Another company on my radar screen, HYRF, is going through the same thing with the same offshore ( Sequoia). The CEO said the same as you just have...this is an out of court settlement of an old debt.

jc

What matters at this juncture is that TEAM and CEMENTERS, two very successful, profitable, respected and privately owned service companies experiencing a good rate of growth on their own like the plan Rees has obviously laid out for them. They did not grow themselves to where they are now by being stupid. That trumps a chat board trouble maker any day of the week. That is why I continue to hold. I don't know how it will play out, but I will take my chances with the business savvy of the owners of those two companies. Chat board trouble makers should not be asking us questions we have no answers for. If they truly want answers, which I doubt, they can call and/ or email the people at TEAM and CEMENTERS and quit wasting time positing questions and theories that can only be answered by the companies. It was a non reporting pink when they found out about it and that has not changed. Therefore it is asinine to assume the level of transparency will be any different than it ever was.

jc

...Shrinkage???

DERB, if it goes to zero I still will have come out on top. Please remember to add this along side the other saved post. I recouped all my original money early on and have since put it in UWRL and PFUO. Anything this stock does is icing on the cake.

jc

Yes, and given the fact that 95% of domestic O&G wells are drilled, capped, worked,... whatever... by small independent operators and given the current rise in the domestic O&G sector, I would say WRNW stands to take on a lot of business. Whether wells produce or not, WRNW will be paid for services rendered.

jc

TEAM and CEMENTER'S are already profitable growth companies. There is little arguing that fact. They will, IMO, easily return $20,000,000.00 combined this year. Even at a fully diluted 1 Billion shares that would be 0.02 a share. It's a no brainer. At a paltry 2 cents a share my return will be well over 600%.

jc

Best performing O&G Funds:
Top Performers - 3 Month (out of 175)
Fund Name Symbol Return
Fidelity Select Energy Service
FSESX
17.92%
Rydex Energy Services Inv
RYVIX
16.29%
Rydex Energy Services A
RYESX
16.22%
Rydex Energy Services Adv
RYVAX
16.16%
Rydex Energy Services C
RYVCX
16.00%
Franklin Natural Resources Adv
FNRAX
15.06%
Franklin Natural Resources A
FRNRX
14.98%
Direxion Commodity Bull 2X Inv
DXCLX
14.94%
Allianz RCM Global Resources Instl
RGLIX
14.79%
Waddell & Reed Adv Energy Y
WEGYX
14.09%

Top Performers - 1 Year (out of 166)
Fund Name Symbol Return
Direxion Commodity Bull 2X Inv
DXCLX
31.30%
Rydex Basic Materials Inv
RYBIX
20.91%
Rydex Basic Materials A
RYBMX
20.67%
Rydex Basic Materials Adv
RYBAX
20.34%
Vanguard Materials Index Adm
VMIAX
19.78%
Rydex Basic Materials C
RYBCX
19.78%
Profunds UltraSector Oil & Gas Inv
ENPIX
17.79%
Profunds UltraSector Oil & Gas Svc
ENPSX
16.67%
Nationwide Global Natural Resources I
GGNIX
16.31%
Fidelity Select Materials
FSDPX
16.28%

Top Performers - 3 Year (out of 112)
Fund Name Symbol Ann. Ret.
Profunds UltraSector Oil & Gas Inv
ENPIX
40.06%
U.S. Global Investors Global Res
PSPFX
39.91%
Profunds UltraSector Oil & Gas Svc
ENPSX
38.70%
Jennison Natural Resources Z
PNRZX
38.36%
Jennison Natural Resources A
PGNAX
38.02%
Van Eck Global Hard Assets A
GHAAX
37.62%
Jennison Natural Resources B
PRGNX
36.99%
Jennison Natural Resources C
PNRCX
36.99%
Van Eck Global Hard Assets C
GHACX
36.73%
BlackRock Global Resources Instl
SGLSX
34.69%

**************************************************************

The best I can find is about 40%

My average in WRNW is .0032
Currently____________ .0055

That is up __________ .0023

My return so far this year------------- up 41.8 %

That is pretty good. So far I am beating the best fund returns and nothing has really even started here.


jc

Isn't it funny that every time a hint of good work comes our way the board is beset with naysayers? Someone really wants to hold this down, IMO.

jc

Daily activity

Yes, thanks.

Ok, I will keep my eyes peeled...Thx

Is today the day we are supposed to see an internal audit ?

EXCELLENT. There was no transparency before. What makes some people scream about it once they buy a few shares? (Or want to buy). WRNW is not beholden to alter the way they do things for anybody.

jc

Ahh...good. The MODS are cleaning house.

How much left at .024?

Thx

What does the level 2 look like now?

No idea. My story is about the same as yours, only 1/2 the shares. Any little buying really pushed it.

Holy Moly...up almost 70%

Is everyone enjoying the roller coaster ride?
All in all, not a bad day. I wonder what TEAM and Cementer's were doing today?

Somebody know something?

Sure is.

What's up WIROG?

Thx

Can anyone see who is on the bid & ask? I am crossing my fingers that PP shares are about done.

It is a good time for the shareholder update which is due now.

I know, I'm just having a chuckle. I sure hope too many didn't try flipping on this slow day...the MM's will beat your eyes out.

A friendly MM? LOLOLOL
MM's are in it for the money. They are just likes banks. They are there for one purpose, to separate you from your ASSets.

jc

LOL. In the local vernacular..."I ain't skeerd..."

We are sitting on a company that has yet to put out any kind of numbers regarding O&G revenues, Service revenues, etc. They will and this will run. I have little doubt about that. And I will not play the flipping game , especially on such low volume, small spread days. It's the best way I know of to lose your position in a penny stock. On days like this you can not beat the MM's...period.

jc

Winding up for a move one way or the other.

It will help . The cost to get the oil out of the ground averages about $20 or so a barrel. The higher the price per barrel it sells for, the more money there is for well drilling, reworking, etc. In other words the profit margin becomes high enough to justify the cost of getting the oil out of the ground. This is particularly good for O&G service companies like TEAM and CEMENTER'S because more small operators will be needing their services and can afford them with the higher margins.

jc

OT I know what your margins are, that's why I wouldn't punish you guys. It's all supply and demand. Anyhow, our biggest problem is refining capacity, IMO. I doubt the president or anyone else can do much about it. Energy consumption is rising and resources are dwindling. We can't do much about either because most of the increasing demand is out of our country.... Well, we can invest in domestic operators :)

jc

DOWN? Look at the 50 DMA. It is NOT going down at all. Of course it may, but right now it has just ended a long downslope of the 50 DMA and very well looks to start up. Tick by tick watching will not give you the picture here.

jc

It looks that way to me too. Up 5% today...looking good. I feel it's only a matter of time.

OT Every year.

LOW, the next thing I send you will be a bottle o' Ardbeg. It's the absolute best Islay single malt, and IMO the best single malt scotch there is.
A couple things occur to me from the news we saw over the weekend...one being that Cementer's current owners will still be running the company...very big in my eyes. They are not taking a lump of cash and walking away. Cementer's is still their livelihood. So something in this deal must have been very appealing to them.
The other thing is the fact that reading Rose Stoller's comments, you can gather that they consider it a done deal. At least that is how I read it.

Welcome back...

jc