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In order for investors to get some kind of idea as to what the "naked short" interest is in any particular security, is for the regulators to make the DTCC report what the total FTD's (failures to deliver) are when a stock appears on the reg SHO list.
If they can put out the reg SHO list daily, then you know that they also know what the total amount of FTD's are also.
But this will never happen. This is proprietory information which is sold to hedge funds, institional investors and others.
It looks to me like they are not producing 2000 BOED.
"The most recent production test was made to measure facilities
capabilities in anticipation of establishing a stable production rate
in the 2,000 BOED returning Tri-Valley to operating profitability and
providing a platform for further ramp up of oil and gas production."
The phrase "in anticipation" tells me that they are not producing 2000 BOED yet.
Why after all these years are they now trying to get brokers/investors aware to TIV's potential? Or is this just more hot air.
Remember when TIV commenced Petroquest? Only problem is is it never happened and we were never told why. Why is this any different.
I'm really getting P.O.'d about this companies stock price and will call Lynn today to try and get some real answers.
Frustrated Investor.
Considering TIV's past history, I'm afraid that they are trying to hide some bad news. IMHO
They have already released what PV1 was flowing at. What better way to get rid of the shorts and move the stock price higher than with sustained and increasing production. Unless of course their production is not being sustained at the 200 BOPD, then I can understand why they are trying to keep it confidential.
I just hope that I am wrong.
I was just wondering. In addition to steaming, is TIV useing light oil to get the tar out?.....And if so, how much of that light oil is included in the 200BOPD output??
What amazes me is that TIV doesn't put out these numbers sooner.
What are they afraid of? Why the long delay in getting the numbers out? I just don't get it.
Isn't it kind of funny how the increase in production per well is 8 bpd for each well?
These numbers are really sad. I don't care if it's 2,000 or 4,000 bpd by the end of '09. It's just not enough to get this stock moving up to higher levels.
We need 10,000+ bpd with some of that going fully to TIV and not being split w/OPUS 75% to 25%.
If they wanted to they could make the FTD information available on a daily basis.
Just remember who owns DTC/NSCC, they want to keep this information for themselves and their favorite clients for trading purposes.
Jonsie, you are right. Those options had a strike price of $2.
What Lynn should have done was exercise those options to show TIV shareholders his faith in the company.
By extending the options it makes me think it is going to be a while longer before we actually see some really good results from operations. JMHO
Do you remember what happened to the stock price after Gamble made his last open market purchase?
I hope the same thing doesn't happen now.
TIV hasen't even opened yet on its primary exchange. (AMEX)
This was a 3rd mkt trade and a real good screw job.
What I would really like to know is....if TIV gets the production upto what they say at PV........How much MONEY will go into THEIR account? After the OPUS cut.
I mean that is what it is really all about.
I'm really getting tired of all hype and NO MONEY.
Lets say an investor puts in an order to buy 50,000 TIV at the market and you have limit orders in the book to sell only 25,000 shares up to a price of $12/share. That would be ~50% rise from current levels.
Now lets also suppose TIV is currently on the reg SHO list(Which means the shares can't be borrowed) so any short sale would more than likely be naked short sales.
So, what the specialist does is take out all the sell limits up to $12/share and shorts the other 25,000.
This is an extreme example but I think you get the idea.
It is legal for the MM to naked short.
___________________________________________
The simple answer is YES.
But it can only be done when trying to keep a "fair and orderly market". In other words they can't just do a naked short for the hell of it.
The name Wiseman sticks in my mind. Not sure tho.
This happened 2 to 3 years ago.
I'll see if I can find it.
I can't remember the name, but do you remember when TIV rec'd some money from Gamble and some other persons family trust?
The family trust gave the money to TIV and it was backed by TIV stock. And if the value of TIV shares went down, the family trust got more stock.
Don't know if it has anything to do with December and the share price or not. But, who knows.
Lets not forget that we have options expiration next Friday.
It might get above $7.50 during the week but will probably settle back to ~$7.50 by expiration.
gumshoe22,
I don't really see how TIV can afford to develop these properties without selling one or all of them.
Remember, OPUS only pays for the 1st 2 wells. After that TIV must pay its share of each additional well drilled. I don't see how they can afford it without have to dilute the company further, or giving up more of their percentage in the property.
Time will tell.
Keep up the good work, jonesieatl.
I was hoping for some better numbers. I wish the company would give us an update on how the Temblor water flood program is going. I would think that we should have seen some results by now.
Looks to me like the short term resistence will be at the
~$6.75 area, since that was the support area on the way down.
Geo,
TIV doesn't have enough money to take itself private. OPUS or someone else would have to fund the company going private, and I doubt that current shareholders would be happy with the price of the tender offer. JMHO
I know that Lynn gifts stock all the time in small amounts.
But does anybody know what the total of all these gifts add up to over the last few years?
Just wondering what the real total amount of stock Lynn has "gifted" away.
It looks to me like is was a better than 2 for 1 net decrease.
http://www.nasdaq.com/asp/Holdings.asp?FormType=institutional&symbol=TIV&selected=TIV
TIV needs to increase its production soon, or I don't see how they can continue. OPUS can't keep throwing good money after bad forever.
Reguarding Lynn's options. If you go back and check you will see that Lynn still has his $2 options. But with a 8/22/08 expiration date. He did not have these before.
I looks to me like he just extended the expiration date by a year.
Does anyone know how much the lifting cost will be for this Pleasant Valley project?
I know OPUS has a 75/25 split, but does anyone have any idea of the lifting costs for these types of wells. And/or what is the expected production from these types of wells?
The reason why I'm asking is a friend of mine asked me to look into this company and I can't find much info on the company web site and when I called the company and asked some questions the person wouldn't give out any sort of guidence, and said that they don't give guidence.