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IMVS. ASK AT $1.45. This probably will continue to move? But I don't think it would be wise for someone to start buying in IMVS just yet. It's way too risky the way it jumped.
Does the conversion or exercised price have something to do with the increase in pps for IMVS we are seeing?
I could only dream they take us in at the current pps!!! Hopefully next week we will know more.
Last trade IMVS $1.01. What is going on here? Could it be that the company is driving it up so they can dump shares at a hefty price?
If you click on the message board of IMVS, this is what it reads in the title bar.
Implantable Vision, Prior to RM with Oil & Gas Leases of Lariat Energy, Pilgrim & American Petroleum (IMVS.OB)
http://messages.finance.yahoo.com/mb/IMVS.OB
the sgen should of been out a long time ago. beginning of this year it was, "AFTER THE CHINESE NEW YEAR". Then "SOMETIME AFTER AUGUST". Now it is "SOMETIME AFTER THE FIRST OF NEXT YEAR". Is this thing ever going to come to market? By the time this does come out, I'll be an old man...
Anybody have a link to watch this video for free.
I wish they would update us on some of that great progress!!
Ok! who owns this? From the titan record
New Project Plan Response
We have appreciated the overwhelmingly positive response from our stockholders to our plan to build Titan's assets and revenues. Very few have been adverse to the plan but have offered support after additional explaination. We have had a steady flow of emails and calls but we need to here from each of you so please continue to contact us. Below are some of the email replies we have had thus far.
Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info@TitanOilandGas.com
"I am for Preferred Shares with possible dividend."
"I am all in as they say, go for it. A preferred stock [class] is a good business decision. Brandon if you don't mind me saying, great work, and thanks for turning Titan into the real deal. Positive actions lead to positive results!!"
"You can't create projects out of thin air, I think that the preferred shares seem to be the best way to improve the bottom line."
"I like what you have done so far. As a shareholder (1.4 Million shares), I was concerned about dilution or a reverse split. I do not have a problem with preferred shares if they are structured correctly. Long term acquisitions are good. We need to see revenue coming in to keep the naysayers at bay. Please let us know about the Eberle hook up as soon as possible.
As far as the wells in PA, more information on a regular basis is better. As the wells are reworked and come back on line, tell us. If you can give us monthly production rates, that would be good. Let us know about Kern County. If you can make this company grow, and bring value and revenues to the shareholders, I will hold on to my shares for the long term. I would even buy more.
As far as renewable energy, I work for Tyco Electronics as a Field Sales Engineer. The largest growth potential industries that we are focusing on are in Wind and Solar. We are pumping millions of dollars into developing new products for Wind and Solar."
"It seems like a way to stability for the company without punishing the stockholders."
"I say put the preferred stock to a vote."
"I totally agree with management's idea to create preferred stock shares."
"You have been doing a good job so far pulling this company back up. You have my support in the issuance of preferred shares."
"It seems to me that the incentive of making income from dividends would make the preferred shares stay put to those project owners, as long as that is the case I think it sounds fair."
"So far you seem to have been bold and honest Brandon, this seems in keeping with that so I for one look forward to turning this thing around."
"Being an entrepreneur and having done something similar in the past, I agree with your approach of creating a preferred share class that will produce dividends and provide cash income to those that bring production to the company."
"I have been a TNOG shareholder since 2005 and currently hold 2 million shares. I am very pleased with the shareholder updates and the way TNOG is moving in the right direction. I wanted to give you some input; I think the creation of the preferred shares is the right way to go with out the dilution to the trading float."
Why does the ask always go to 0.002 at the end of the day? Bastards!!!!
Great!! Be heard.
This newsletter is asking shareholders who have any ideas to respond to TNOG. I know some of the posters have thrown out things in the past on here. This is a good way for you to be heard by the company.
Latest news letter.
Finding and Acquiring New Projects
As we are updating our business plan, that we will offer to the public for review, we have been paying special attention to how we can continue to aggressively expand Titan's slate of projects. Taking care to avoid any kind of dilution that could destabilize the company, we would like to reiterate that we will not seek a rollback in the amount of shares. We do believe that using a special class of preferred shares in exchange for revenue producing assets is a good strategy for our stockholders.
We are seeking stockholder approval to create a preferred share class; it is for this reason only that we need to increase the authorized capital. These preferred shares, when approved, will be created to produce dividends that provide cash income to individuals that brought production to the company. We believe this to be an uncomplicated and straight forward way to grow the company's projects while ensuring that Titan's stock avoids market dilution. There are several pending acquisitions that management has planned, but as promised we want to follow stockholder ideals, this is why we need your thoughts and perspectives on how to improve Titan's bottom line. Please respond via phone or email to the following;
Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info@TitanOilandGas.com
This is good stuff downsideup. A lot of you make good points here. We shall see what's in stored for the coming weeks. Thanks.
That seems to make more sense. Thanks.
Thanks bud.. Guys, let's keep in mind that this company is going to the OTCBB. I know some of you on this board have been in this and waiting for a long time. You've had disappointments. Let's give pinedo the benefit of the doubt for at least achieving this move..
Hey bud, what was it 2-3 years ago? Also, can you post some of your questions with his reponses.
I believe he is saying, and correct me if I'm wrong boxster, is that IMVS will be acquired by another company and then it would be re-sold back to them in exchange for their 30 million shares and whatever other agreements are made. Which will decrease the total amount of outstanding shares of IMVS, because this company will now own those shares. Their patients on there product will then be own by this company and not IMVS. Basically IMVS and there medical patients will not be a part of PGPM.. IMVS will become a separate entity and will not be affiliated with PGPM what so ever..
But what is a divestiture transaction? A divestiture is referred to as "the sale, liquidation, or spin-off of a corporate division or subsidary". A spin-off is technically a form of divestiture. Typically divestitures are referred to in the context of a sale of a subsidary or operating division to either a third party or management of the business to be divested. Spin-offs are characterized by negotiations between buyers and sellers.
IMVS could either become a subsidary of the new company acquiring them or possibly be a subsidary of PGPM. Most likely the new company. Hope this helped.
Look to see the wells...Just to show that I am not all heartless about this company. Below is the operator for this company. Notice the wells? 3C, 7C and 8. You can go onto the RRC and check the amount of production. So, I did find something and this changes my perspective a little about this company. Doesn't mean I will mortgage my house on it, but it's a start..
From the latest newsletter.
Addressing Questions: Finances, Financials and Shares
We have heard from many of you regarding how we are financing the company given the lack of working capital and revenue. Indeed, the lack of capital has been duly noted in the recently updated financials that have been posted to Pinksheets.com, as a step in making the company a current information provider with Pink OTC Markets Inc. We wanted shareholders to know where the money has come from for things as varied as the payment of filings to the initial capital to help us begin reworking wells in the Crows Run Oil and Gas Field. These funds have been provided out of pocket by President Brandon Toth and his financial partners, these are loans and will be repaid after the company has found a more stable footing.
Mr. Toth and his financial partners have been providing funds for everything that keeps a small company functioning. They have provided funds for the salaries of talented individuals such as our new Chief Legal Officer, Shelby Clark. Mr. Toth will continue to provide these funds until the company is in a position to provide them. While this is a precarious position for a company to be in, the amount of talent, stockholder interest and hard work that Titan, in the hands of Brandon Toth, has been able to draw and depend on has been essential in helping us make it this far in turning the corner.
Management has been notified that there is an investment group accumulating stock to obtain a control position in the float. Of the 750m shares which remains the amount of authorized shares, Titan management, after close review of the stockholder list, has identified 225M of these shares in friendly hands; a term used for shares that are held by members with no intentions of selling. In the weeks to come we will be in contact with these investors and updating the amount of shares being held to gain a better idea of how many shares are actually available.
It's important to keep a positive attitude. It can go two ways. Good or bad.. Don't let the bashers persuade you in any way. Just wait and see what happens.
Interesting.. Good info.
My position right now is to just wait. Nothing will happen til everything is finalized and mid-August comes around. You'll not see much until then. I understand your impatients. I too, am down and waiting for a run. Stocks are all about being patient.
In all honesty, this says the company has no money and cannot afford to pay there bill.. Plain and simple... That is why you ask for forberance.. to try and buy some time. But no pr, no website, no nothing that indicates this company has been doing squat!!! Everything you hear is all speculation. Even with Bill's emails.. How long has it been since everybody here has been saying "NEXT WEEK" there will be a pr? Too long... This company hasn't put anything out for over 1 year and some months. And when they do, it's a killer..
But will it be subsidary of this existing company? I understand not PGPM shares, but it is a merger, so IMVS and PGPM shares now become one of the same.
Monday will be a big hit! Get out while you can. 15 BILLION!! Reasons why..
Haven't been here for awhile. Every since the RS, I lost interest, but still have stock. Can anybody inform me about the status of this company? Wheres the SGen that was supposed to be out in July?
If you are referring to the level II. God!! I hope so. It's funny, cause in the statement below it sounds like they expect the price of there shares to be close or even higher than $3.08 by 2010. Now I'm not sure if this means that American and Lariat can turn in there convertible notes and purchase common shares for a share price at $3.08 or there notes will/can be converted to common shares and be worth $3.08 per share. Either way it still an indication that by 2010, they expect there share price to be a lot higher than what it is now.
The Convertible Notes bear interest at a rate of prime plus 1%, with principal and interest due and payable on July 10, 2010. The Convertible Note principal is convertible into shares of Common Stock at a price of $3.08 per share, subject to adjustment as provided in the Convertible Notes.
It's anybodies guess at this point. From reading some of the documents, it looks like IMVS is the owner of the leases and it looks like pilgrim (at least the name) will no longer exist. So I expect that there will be a name change. If, and that's a big if, they continue with the medical side of it and also integrate the oil and gas part, were in for a wild ride. I would think that at some point PGPM will stop trading and that people who are getting in now, will get screwed. They might implement some type of cut off date where shareholders that got in at a certain date will be rewarded and everybody after that, who knows. There's just way to much speculation going around right now. I think in the first week of August there might be something out that will indicate what there plans are. This is a time to just hold. Don't buy and don't sell until everything is finalized. Of course this is just my opinion.
Anybody see the level II for IMVS? Specifically the Ask.
http://www.allstocks.com/level2quotesotcbb1.html
I believe nothing isn't really going to happen with this stock until after they make the move or the mid-August time frame. For now, I'm just sitting back and waiting to see what happens.
IMVS is down to 0.14. It may continue to drop.
But all that should change. They will be a fully reporting company and there financials will be more visible. Nobody knows what this company is going to do. The only thing we can hope for, is that it doesn't affect the shareholders much. Keep your fingers crossed....
No they don't. I am in smwf and I woke one morning and said HOLY SHIT!!! What just happened. I went from having a boat load of shares, to having junk.. I think it depends on the company.
Boxster, I think will all that in mind, PGPM knows it as well. They'll come up with some way of making things work for them..
Earl, boxster makes a good point. But still it's not really a negative. The trade off is we get onto the otcbb and I think that's a good step.
Anybody know why Brandon keeps throwing "WIND" in our face?
Ya, but we can all dream of the possibilities....
Because they see it dropping and are getting scared!!! Just my thought.
The mm's will continue to play games for a while, but once the name changes to an OTCBB company it will become interesting. I really don't know how this is going to work. Once the name changes will PGPM open up where IMVS left off (30 cent pps) or will we just transfer where we are now. It's interesting because of that one pr that said we should be worth 31 cents. Is this how PGPM intended to do it?
Sorry, just got in. No I don't think it's odd. I'm not sure who these other people are. They could be new hires or existing personnel from PGPM. It seems that PGPM took over this company just to get onto the OTCBB. I think that company just becomes non-existent after everything is finalized. So, if you were to take over a company, you want to be the one to put people in place that you have confidence in. Either way, I think we could be in for some fun times.