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they have not posted revenues/profits post Katrina....
don't stock PsPS typically follow supply and demand? well, outside the pinkies that is?
below .30 (as in thirty cents). If you add up the reserves estimates, and now the yearly revenues, that should put Phoenix's net worth above $2/share. $720M oil reserves, one year of revenues, $910M. If they retire 100M shares that leaves the stock price at $2.50+. Below .3 is a steal...below $1 is a great deal, and below $1.50 is plain cheap.
I am completely drugged because of my allergies today, so forgive any craziness that may have surfaced in my posts....
possibly...my gut tells me that it will take longer because there will be considerable profit-taking between .13 and .28. I chose those numbers because those who bought in at .10-.12 will be selling to get their original back around .13, and .3 is a good profit-ceiling for buyers in the single digits, so there will likely be heavy resistance at both. Opinions, obviously, and severely off the top of my head....
remember too, that most of Phoenix's networth is projected. They are not producing oil in Wyoming *yet*, and have not acquired ProGas *yet*, and have not received revenues from them *yet*.
anything below .30 is a steal...get 'em while they're cheap :)
careful now...
just because this is great news doesn't mean the stock is going to shoot up (though I hope it does!!!)...
ne14, what do you make of today's activity?
I doubt it....if that were the case they would not engage in acquisitions of companies.
I would like to see audited quarterlies for 2005, but I'll wait.
although, peorge, I will say this:
if you'd only put in $500 instead of $1k, and kept the $500 in cash, you'd be in a sweet buying position right now :)
I was leaning in this direction when I heard about the buyback. PBLS would not want to buy back *during* a run, and since most of us investors have bought at these levels, they're not going to by at *this* level either because we'll sell for profit and they'll be lefft without a foundation to stand on. Thus the drop. I'll be adding in short order, but I'm going to wait this out a day or two....
nah, I don't think you are a fool. You only have a small amount of money....if you split $1k into 5 different stocks you would have to make over 10% on all 5 stocks just to recover your commission.
Now, if you have $100000, I would say you were a fool, but only as a rule of thumb. Phoenix is a great investment, and at this price per share is almost unruly cheap....
-griz
ask yourself: if you were PBLS, where would you *like* to add?
I'm saving my pennies for $0.02 (multiple puns intended)
-griz
thanks Mike....where did you find this info? I'd like to see profiles of any of those companies to see how they did post transfer....
lots of companies have filing delays....I wouldn't worry about this
does anyone have examples or stats on companies that have made it out of the pinks and into, say, the AMEX?
this may be obvious...
but wouldn't it make sense for the MMs to drop the PPS so that the company would have an easier time buying back? not that the MMs really give a snot, but I don't recall anyone mentioning this yet...
> everyday we get closer to year end
Source?
Well, since Pam has hepatitis-C, I just might, especially if Carmen Electra is behind her in line for my lap :)
More seriously, Phoenix's networth (taking PRs at face value) should place it at the $2 range, should it not? Wouldn't we want to wait until then?
Better yet, what's going to happen to Phoenix when this management team retires? Will the aggressive acquisitions continue? Could we see the PPS at $10 in 10 years?
And what would happen to the stock in the longterm if there was a mass liquidation that rivals the ethnic cleansing of the Balkans?
Question for the regulars: if the PPS did indeed go to $1 sometime soon....would all of you immediately liquidate? If so, why?
tally:
probably should've posted the posterity pool in the morning instead...oh well.
anyway, the volume went from approx. 160K shares between 1:00 and 2:00 to approx. 800K shares between 2:00 and 3:00 central standard time...given that the PPS was either .0265 or .027 the whole time, I am going to be completely unbiased and say that trader72 and I won.
Guess I was right after all, who knew.
Now I can spend the 4500 posterity points I sort of won and apply them to my next Ms. Pacman score on my cell phone, and with any luck I'll win an extra player and advance a round....go pbls :)
haha, I was wondering when someone was going to say that :)
thanks serf, that makes sense. Isolagen definitely has a larger market cap than Ingen, so a class-action most likely will not happen. All the better for the company, I suppose!
If the MMs are covering today, is it reasonable to expect the split to go through tomorrow?
sometimes I think the MMs are watching me and will do the opposite of what I say will happen...
Pool: for posterity points:
By close what will happen? Submit your pick online and I'll do the tally work
2:1 odds that the volume will ramp up and PPS will stay between .27 and .28
3:1 odds that the volume will ramp up and PPS will drop between .26 and .27
4:1 odds that the volume will ramp up and PPS will rise above .28
10:1 odds the volume will die and the PPS will stagnate
15:1 odds the volume will die and the PPS will drop
40:1 odds the volume will die and the PPS will shoot above .28
Takers? starts at 2:10 so get your picks in soon!
my pick is number 3 and I wager 1500 posterity points
<bored> :)
I am, sorta....I figured Power E*Trade Pro would provide those...oh well, I guess I'll have to look into it. Probably a monthly service like Scott-trade
how do you get Level II on E-trade?
If I'm wrong, I'll gladly eat my words with relish and mustard. That's not a statement of assurance, but like I said that's what the future looks like based on what we know.
I agree, IGTN definitely does *not* need a class-action. I'm not pushing for one. All I'm saying is that if one surfaces I will be on the client list, because at that point it very well could be over....
What I am *hoping* will happen is that someone with some capital and proper management skills will acquire IGTN in an effort to revive it. There are many holdings companies that do this....because IGTN's products show some promise, it might be worth it.
Regardless, it's everyone's right to be noisy about the past months' events. We are, afterall, part owners in the company and we expect that management will act on our behalf as partial owners.
Actually, I can tell you the 3-month outlook of my out-of-pocket/time expense. If a firm announces a class action suit, I will sell my shares, get online and add my name to the list and wait. If not, I will hold onto my stock and wait, until they file for bankruptcy or I get my money back. Either way, the most effort I will spend will be approximately 5 minutes and out-of-pocket will be $6.99 for the trade.
As for the company outlook, I'll gladly participate, despite the added time. The company does not project profit until late 2006/early 2007, and I am assuming that is before they pay off their debts. They are currently $6.xM in the hole, so that profit will likely be applied there to increase their chances of getting financing. They also indicate that further dilution might be necessary, which means they have little capital to fund their projects. Further dilution means even poorer stock performance which leads to a possible second R/S down the road.
The upper bound on their progress in 1 year's time is the ability to start paying off debt. The upper bound in another year is their debt is paid off. In 3 years, this company has a chance of being in the black and moving forward, which is great! Until you realize that the journey there may kill all of us who currently own shares. By the time they are in the black, we may go through yet another reverse split, or worse.
I have no doubt Ingen will pull itself out of this. However, it has already done so at my expense as I have lost all but 2.5% of my shares through the split, and by the time this company goes black there is absolutely no guarantee I will even have those. In addition, while the company might be in the black its networth may not support the PPS, so it may be 5-10 years until its stock reaches the point it was a couple months ago.
I love discussion about this, so feel free to scrutinize me to death. I'm not expert, and I'm learning just like everyone else. But right now this is what I see ahead of us based on what we know....just my $0.002 ;)
Yep, both the lefthand corner says Summer 2001 issue, and the URL has 2001 in the path...many organizations organize their newsletter archives by dates in the URL...
I believe that's a reversal indicator symbol....I think we'll see a slight drop
About the environmental stuff: first off, the article is from *Summer 2001*. It's ooollllldddd. If this is even the right place (which I don't think it is, read my post on the other board as to why), those issues have been resolved by now or Paul would certainly not have agreed to purchase the property.
This is a non-issue imo
not true about paying the lawyers...if it's a class-action suit you don't pay a dime until they *win*, at which point you pay them a percentage of your take and get at least *something* back.
I'm currently on a class-action list for Isolagen, and would simply love to get at least 20% back on what I lost. However, I think IGTN may be much more sue-able, since we have plenty of written documentation to back it up.
On the other hand, if most of us want our losses back we need to support Ingen until they get back on their feet and start doing something positive. I, for one, think this will not happen until they get better financial advice and an IR firm that has half a brain. But that's just me :)
I join the wtf, but I raise you a 'relax and be patient'....you won't be able to flip this one like you can with PLNI and OXFV...and I, for one, am not flipping it anyway...I have my certs on order (3 weeks was what I was told) and I'm going to plop them in a safe deposit box, have a cold one and play some video games for a year or so (maybe 3-5!).
Tellie what, though. This stock has some great learning events surrounding it. Unlike other pinks I have seen, this one does not react well to news, no matter how positive. It also doesn't respond to technical analysis indicators very well, another peculiarity. I think Cowboy has it pinned, and if I understand him right the bottom line is that pinkies and OTCBBs do not follow the T/A because the buying/selling power of the masses do not control the PPS. The MMs and/or management do, and IMHO if you know the value of the company.
To me all the PRs and their resultant stock non-performance is actually a good thing...it means that the company is on track business-wise and we're getting nothing but buying opportunities. If I had alot of capital I'd sink as much as possible into this without draining the rest of my portfolio. They will make an exchange jump mid 2006, and given their networth growth acceleration, by the time they get there they will be in a lovely position.
I just hope their new oil and gas wells are up and producing before the winter rush is over.....
low volume? 3M shares traded in 1 hour is hardly low....though we have slowed down significantly in the past 20 minutes
*maybe* they paid cash, but if you look at the volume, we came to almost a screeching halt after 2.4M....if we assume 2M at .028 that's about $56K which seems reasonable for that kind of lease....
I dunno...just thinking outloud today.
The article says it was reviewing an application for *1* of the 6 that in total encompass 2080 acres...which I take to mean that the application was on a portion of that 2080. I'm not sure this is the one...but good find!
why wouldn't PBLS let the MMs take the price up yet? I figure that they wouldn't have announced the new lease (or the buyback for that matter) until after they'd accumulated sufficiently. Or, perhaps they used stock in the purchase and those fellas are selling off?
based on this PR alone...
If the audited figures give the oil division a networth of $720M, and given that the company is retiring 100M shares, this stock should be trading at around $2/share....another $360M networth for the company and it's AMEX time :)
wow....I can't wait until they start drilling all this. I wonder how they acquired the property?