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When I click on LII its all blank? the chart works but not the LII, any ideas?
Can you post the L2 I can't see it from where I am.
Thanks
The million dollar question is what happens next?
Do they eventually stop dilluting, coupled with the former noteholders running out of shares, which result in the price reacting to the market? or do they RS this like the former managment did in 2011.
Enough investors here, some may not take kindly to getting swindled. It would suck to have to live looking over your shoulder.
Former posters have said they had to call TD. Some switched.
TD did give many people problems in 2012 with this stock, had heard anything in a while.
DTC chill was removed in Nov-Dec 2012
3,803,993 T trade at .0009 after hours last night. And another trade just before clsoe that eneded in 993. Conicidence?
Or marked trades.
Then it looks like someone bid .001, got 17,650 filled and then the rest at .0008.
This is being intentionally driven into the ground!
You know whats coming. This sucks!
Nice tip.
You certainly don't have to remind me of the 250-1 I owned some at the time. But that was a game Kennedy was playing.
But the 10 Billion to 750MM was a good move and benfits shareholders.
I have the same feeling. But they should have resticted the shares and then scheduled them to come off restriction in a more gradual way so as to not kill the PPS!
You're 'default' statement is true, but IMO he has still done a lot to make this company much more attractive than it was.
There is potential here. But it certainly seems like he's running around spinning plates which is making this take so much longer to develop. I really only care about 'production' and 'PPS', the two things that are still dismal.
But you have to give Danos 6 months before you hold his feet to the fire.
Maye didn't hand the reins over it was Kennedy who had run the company into the ground.
Well said.
Also remember it was Todd who reduced the AS from 10 billion down to 750MM. He also got the company current with its filing, removed any warnings including the DTC chill, and has doubled+ the assets of the company. So I'm not a neg. on Todd.
But the dillution strategy (like I have said a hundred times) could have been achieved while allowing the PPS rise. Which woudl have raised more capital and dilluted less. If they keep flooding the base at .001 it will be a lot harder for Danos to get his payday.
That sell at .0009 is a big problem for me. Now they blew through what should have been the "floor" are you willing to chase bad money with good?
I might buy more when the floor is established even if it means I'll pay a little more.
I'm at a loss on how this will actually move up. If the company or those that were paid off with shares are going to dump another 100MM+, how will this ever move?
At this point I don't know what will make these MMs slow down, big volume or no volume.
Looks like the pumpers have moved off the board.
The MMs pattern has sucked the hope out of investors that were considering jumping in. I'm pissed!
There was similiar trading before the last jump. Maybe this is getting ready to go again?
I posted an update on 5/7:
Production Update per the RRC:
The 3 Perry leases now have been reported on through February (no report yet for March or April)
Perry #1 is showing YTD production of 122 BBL and Disposition of 158 BBL
Perry A and A2 = 0
Its not a ton of oil but its also not Zero. The company is active and moving in the right direction.
No word on the other wells and ventures.
LETS GO LHPT!
It caps you at $263? Why?
Agreed they should. But as for the filing of Form 15 we are forgetting something. They originally filed that last July or August and then refiled it again in December but it wasn't to prevent them from having to file statements. it had something to do with the chill. A poster 'Rich' had explained it. I'll try to find it.
But you're right they should file statements to be taken seriously.
Its not even been 30 days since the last update.
I am more concerned with the fact that they haven't relased the annual report which was due 4/1 and then they got a 2 week extension which was due 4/15.
I expect it in the next week purely based on speculation.
20X? Not from here. There is such a huge base now under .0015 I can't imagine this going anywhere near what it should be. The shorts will never let it happen. Like people like Trader, who is suddenly promoting this stock after bashing it for 2 weeks...what a joke he is. He won't let this get past .002 before he flips again.
I didn't check today, but over the past couple of weeks only 30% have been short trades. So most of this, we know, is dilution and those that were paid with unrestricted stock getting as much as they can while they can. And all those shares are going into short traders hands.
I hope something goods happens, I even bought more yesterday to average down, again. But if we experience another 100MM in dilution I don't see how it will come back.
Production Update per the RRC:
The 3 Perry leases now have been reported on through February (no report yet for March or April)
Perry #1 is showing YTD production of 122 BBL and Disposition of 158 BBL
Perry A and A2 = 0
Interesting thing is that the operator in January was still showing as HCE for all 3 leases, and as of February the Operator was left blank on all 3!
Not sure what that means, other than that it really looks like Home Creek is completely out just like the Annual report said.
Its not a ton of oil but its also not Zero. The company is active and moving in the right direction.
LETS GO LHPT!
Financials are heading in the right direction. I would be much more concerned if they weren't. Assets up over $500k and Liabilites only $250k, now have positive equity, and the Statement of Operations did NOT show excessive general and adminstrative expenses.
Tells me the money raised is at least going toward asset accumulation.
Now let's do something with the assets and generate some revenue!
And in Nov\Dec they were supposed to be working on a well with LHPT.
We never got an update on that either.
Besides the Clarke lease, does anyone know who the official operator on these leases are?
Thanks for posting that, Rich. I was going to go back and look for the Jay Reynolds info. today.
I was under the impression the Centurian technology, being portable and efficient makes those wells that others have walked away from, viable again. I'm not an oil man but that makes sense to me. But, and its a big but, I have not seen any production #s from any wells that PDGO has access to and its been 6 months.
Bottom line - show me the money! (in this case show me the oil!)
Any one have more details on the Utah and New Mexico opportunities?
OK I did. Not for nothing, you could have posted a link to your DD too.
When I find something I try to make it wasy for everyone, but that's just me.
My question to Whiskey stands.
Vince was obviously never brought in to run the show, but get financing. Seems to me that he can achieve that while doing other ventures as well.
Thanks for the info. What's your opinion of the rumor that Vince is now CEO of Seven Arts? I have not seen a PR or any documentation of that rumor, but I am curious.
No I didn't so that's my bad but it wasn't big money either. Based on history it didn't look like the PPS woudl fall and stay flat like this, but shame on me.
No material changes. The only differences were the titleing of the financials and they added a 12 month ending column to the cash flows statement. They were supposed to show the full year numbers not just 3 months ending 12/31.
But they can't issue a partial report with just changes it has to be complete.
Please keep us informed, thanks
$100,000 on the ask right now at .01
Something might be coming?
10 million+ bid support, the next bounce might be starting!
Pretty big volume on both sides of the bid. Looks like a good price for the next bounce.
No idea. I certainly jumped in at the wrong time. When I looked back at the history, there was a reasonable trading track record, then they had that pump, which really didn't raise the PPS very much, and now ...crickets.
Can't argue that, but I think your both right.
Everything looks right for LHPT to be a big play, but most current investors are probably at their cap for this stock.
Until they show production on their leases, this PPS will only go so high especially with YTD MM activity and dillution.
But I still believe in the stock and look forward to the day production news hits.
Here is the update by category:
My question is based on the info. below, how much time is reasonable to begin to see results from the plan layed out? That's a sincere question.
1. Centurion Technology
We have an agreement in place and a potential to win contracts totaling 776 wells. The trucks and equipment is being prepped in order to start immediately on our first contract. This division has the opportunity to generate up to $3 Million in yearly gross revenue and the net based on these numbers would be close to $2 Million.
2. Oil Production
Paradigm Oil and Gas complete initial site work regarding the Clark Lease located in the Kaufman County, Texas site crews have been working on the field for the last two weeks. New roads were installed, maintenance on the tank battery was completed and we are waiting for repairs to the power lines that have recently been sagging. Once the power lines are repaired we should be able to begin scheduling service rigs to begin work on the site.
The joint management group will also begin discussions on the possibilities of Arbuckle pools that were found in Nowata County. Our current research indicated that previous wells drilled in Nowata County, showed an initial production of about 200 barrels a day totaling 6,000 barrels per month which could total $500K a month in revenue and were located in a dome close to the surface which also produces natural gas.
3. Natural Gas
Based upon the recent 24 percent increase in Natural Gas price and May delivery prices hitting $4.13 per MCF both management groups are working on plans to increase production of the natural gas. Paradigm management has approved plans to begin investing additional money into additional research of the long term natural gas commodity pricing. Paradigm Oil & Gas has arranged financing to complete a project of 65 miles of Pipeline and its wells to bring to operation.
Its only been 14 days since the last PR, you call that quiet? There is no indication that Vince is gone he sent out that PR.
Agreed he's not an oilman but he is a successful business/finance man.
Year-end financials are needed ASAP, and I would like to know more of the details on the ERAO transaction, but other than that what's the board's expecations?
Do you think there will be another BS pump and dump in a few months? I made some on this last go around by loading up at .0002-.0003. There's no reason to think they wont do it again right?
Most of that stuff on ERAO was from many years ago, but I will admit I am concerned with the current financials of ERAO. The PR from Vince indicated that "certain assets" had been merged. They still have not elaborated on that or the dividend of ERAO shares.
They are giving us shares of ERAO, which don't appear to be very valuable at the moment, but I wonder what we gave them?
Perhaps there is a synergy between the two companies that will be successful, but hopefully its not smoke and mirrors.