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I'm not worried or panicking, sooner or later the numbers will come out and when they do this will jump. In the meantime I will continue to buy on the dips and look forward to the .005-.008 when the PR eventually appears. GLTA
Looks like we are beginning to get on a roll here, hopefully this is what we need to get things moving again!
F3 Technologies, Inc. Strategic Partner on a Roll in South Florida
ATLANTA, GA -- (Marketwire) -- 06/23/09 -- F3 Technologies, Inc. (PINKSHEETS: FTCH) is very pleased to announce that as mentioned in its press release last week, its strategic partner, Coastal Group Publications (CGP), signed its second installation of Interaction Community System.
Last week F3 reported that after several weeks of negotiations and tweaking of the system, CGP signed its first condo association to use the Interaction Community System (Interaction). This week CGP made good on their "Domino Effect" quote by signing their second condo association for use of Interaction. Coastal Group Publications is the exclusive reseller of the Interaction Community System in South Florida and currently caters to roughly 15,000 home owners through their newsletters.
"We had no doubt that CGP would make good on their 'Domino Effect' claim they made last week. I am down here in South Florida all this week and will be presenting to roughly seven (7) Home Owner Associations boards as a result of CGP's hard work. Because of CGP's longstanding relationship with these HOAs and because Interaction is such an effective tool for any group, I firmly believe these HOAs will adopt the Interaction Community System in short order," said Frank Connor, CEO of F3 Technologies, Inc.
F3 Technologies continues to develop certain relationships with groups such as CGP and F3's strategic partner in Texas to deploy and monetize both the Interaction as well as Ascend products. The team at F3 is currently working with a new and separate strategic partner in the payment processing business and hopes to announce something in the next few days about the deal of which we are very excited about
News!!
GM all, looks like we're off to a good start!
I feel the same TX. The negativity on here at times is a little out of control. However all the longs on here keep things in line for the most part. I too agree that another run is bound to happen soon and this time we will break the .20 barrier! GLTA
agreed CRAPSMAN........
I hear ya, frustrating on that end. Well when they do come out there won't be anymore guessing!
I agree Omega, this thing is gonna go off sooner rather than later and all of us longs will be enjoying the ride! I have no worries, but I am excited about the launch of Ascend still to come!
I agree, I would say Monday for the numbers. Although I hope they come sooner if that counts!
Scott if you feel so negative towards this why are you still here? Not bashing you, just wondering....
Great post inforcash! This is a positive step towards success, but the PR on the production numbers will be the thing that take us to the next level.
Magellan Energy Announces Acquisition of Lankford Lease in Morgan County, Tennessee
TORONTO -- (Marketwire) -- 06/18/09 -- Magellan Energy Ltd. (PINKSHEETS: MGLG) ("Magellan" or "the Company"), an independent oil and gas company, announces that it has signed a participation agreement with TMD Energy for the Lankford Lease in Morgan County, Tennessee. The lease/agreement consists of eleven wells that are currently producing natural gas.
We are extremely excited to begin another project with TMD Energy Inc., who will be the operators of this lease. The acquisition of this lease has occurred at an opportune time, as operators in this area are now able to get their gas to market via the new compressor set in by Citizens Gas. The compressor blends the gas from all area producers thereby resolving the high BTU issue that previously prevented producers from selling their gas.
The eleven wells on the property produce gas from the Monteagle formation and are currently tied into a collection system, which is tied into Citizens Gas Utility District.
The operators, TMD Energy Inc., will work with Magellan Energy to ensure that the wells continue to produce natural gas and additional revenues for both parties. Magellan has an option on this lease to frac two shale wells in the future, which would increase the gas production per well on a daily basis. These two wells will be relatively easy to frac as they are located on the thin exposed part of the Chattanooga Shale in Eastern Tennessee.
With gas production from a total number of twenty-four producing wells, The Company will continue to execute its business strategy of acquiring additional gas and oil leases. Magellan Energy is embarking on a new era devoted to achieving a profitable future for the Company.
About Magellan Energy: Magellan Energy is a publicly traded independent oil and gas company (PINKSHEETS: MGLG). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
MAGELLAN ENERGY LTD.
Member Of the Tennessee Oil and Gas Association
Website: http://www.magellan-energy.com
Phone: 1-866-365-4724
Time to run...
I love that analogy by the way HOX! I agree with your view point, however it is what we have. I do think that this may have a huge play in the production numbers that could be released soon.
The production numbers will come guys. The negativity lately just blows me away, I mean we are shareholders in a gas company so for me when they announce a new stake in 11 wells currently tied in and producing- I find that as a positive! On top of this we still have the production numbers to come out in the next couple of weeks.
I understand the frustration as I have been involved in MGLG for a while as well, but I will recognize a positive step when I see one. GLTA
Of course this is JMO.
Can anyone say HUGE!! 11 already producing wells! Now this may change my jump off point...... Huge!
I agree Al- Ascend was on my mind as well. But if we can have contracts and then the Ascend news it may work out even better! Go FTCH the green days are back!
Agreed Chad, too fast of a climb and we may run out of steam. If we can have a gradual climb daily then have the news- that would be perfect.....
It's always a nice gift in the a.m. to grab shares at this price....
Al its under the main quote page for FTCH under releases.
F3 Technologies Reduces Authorized Shares by 80%
F3 Technologies, Inc. (OTCPK: FTCH) is pleased to announce that it has reduced its Authorized Shares to 202,000,000 in an ongoing effort to build shareholder confidence. On May 21st, 2009 the company filed with the State of Delaware to reduce its authorized shares by a staggering 80% and confirmed today that the reduction has officially been accounted for.
Frank Connor, CEO of F3 Technologies, stated: "This is a very major step for F3 Technologies. By taking the unprecedented move to reduce our Authorized Shares by 80% we have not only restricted our already tight share structure but also bolstered our investors’ confidence. In the market where our stock currently trades reducing any share amount is pretty much unheard of. While we are constantly taking steps to improve our company and strengthen shareholder value I believe this latest move to reduce shares and the fact that I still hold 100% of my shares to be a tremendous statement of our confidence in this company."
Current Share Structure as of today’s date is:
Shares Authorized: 202,000,000
Share Outstanding: 62,000,000
Share Float: 32,000,000
On May 21st 2009, F3 Technologies, Inc. filed with the State of Delaware to reduce its Authorized Shares. On June 11, 2009, F3 Technologies paid an extra $50.00 to expedite the order and was told that it was accepted and in effect. As soon as we receive the certificate from the State of Delaware we will forward it on to the transfer agent for their records.
I am sure everyone has seen the share reduction is official and they released it this morning!!!! Time to get on board for the flight!
Gudkarma- IMO means- In my opinion. Glad to have you on board!
Assassin- you make an appearance! Good to have you here and well said my friend!
Hey Baker, good luck to you man! I want this to run more than ever now just for you! Stay strong and we all now FTCH time is coming soon...
If we ever get that low again and nothing has changed with the company I will load up HUGE AGAIN!!
Hey Pre, don't let the bashers bother ya, we all know they are here for a reason. Sometimes I actually get a laugh out of them or the replies they get! I think this stock will run, maybe not to the levels some think- but she is a bargain right now. I got in a couple months back at a cheaper price and right now I am looking to add. Being back in production will count for something and I see I am not the only one that thinks that way by the volume we have traded along with other players I know personally that have jumped in. Good luck to all the longs!
ya..... thanks.
I am thinking long on this, espescially with a positive PR that may come out. I do not think it is out of the question to be sitting between .005-.008 by the end of this week. Actually with a good PR that may be too easy! GLTA
Good morning to you guys as well. I agree we have held at .05, with some positive PR we will begin another run. It should be a fun week! Power to the longs!!
Cannot wait till tomorrow! GLTA glad to be part of the mglg team!
Can't wait till next week! I am anxious to see what the news reports as I am sure you all are! Have a great weekend.....
We all know news is coming next week, did you get some news the rest of us didn't????
Maybe we will pull some of the profit takers from SPNG, which is crashing huge, to here to invest on the next big thing!
Good stuff, thanks Van! Everyone needs to remember they still have the same gameplan as before...just because we have slowed down doesn't mean this still isn't a sweet score! I am going to try to grab more at the EOD.
Not yet Jelly I want to get a few more at this price while I still can! GLTA
hello all! Slow day today, but as long as we can hold or make small gains we will bring buyers in with some positive news in the future. Hope tomorrow turns green!
Hey Al, nice to see you here!
Nice....very nice Kahuna!