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What do you think the trigger will be for this stock to get off the schnide?
When are they going to start extraction?
Is there a silver lining here? Someone help me out b/c I don't see it.
Disgusting.
Two months and they do this.
If you think that that was good news, you're on crack. There's not even a bump on L2.
We knew they were selling gas. What we didn't know is that the huge problem that we had been led to believe was fixed so easily isn't fixed, and now they're having to pay someone else to fix it.
The plant won't be online until 2011.
When did you hear 'imminent'?
Last Friday, she told me 'this week.'
Red flag? Pfff. I would say big black flag with white skull and crossbones.
This $#!! is killing me.
Losing potential money every day because of this crap.
I sent an email Monday and have yet to get a reply.
'the word that's been floating around lately' from people who know jack crap.
Also, remember when you say BY THE END OF THE MONTH you're talking about today or Monday.
2011... I hope we have numbers by then.
You don't know that Magellen is waiting on winter consumption. We have no idea what they're waiting on.
Seemless has SERIOUS credibility issues. They pumped and dumped themselves a couple times to try to get operating capital. Their fin. papers are fugly from a money management standpoint, and the website they hyped so much for months turned out to be horribly designed.
I still have a couple million shares in this company, but I don't expect much. They still aren't even selling their own products on their own website.
He's been pumping this company for two months. It's at the exact same PPS it was when he bought into it.
YOU PLAY THE GAME TO WIN!
That thought/hope has crossed my mind quite a few times, too. It would explain A LOT, but it's hard to keep giving this company any faith when they do not give us anything in return.
I know the bio. on the company said that they were interested in acquisitions and distributing for themselves, so it's not implausible. Man, we'd be looking at serious bank if that was true. More than enough to make up for the waiting. GOD, WHEN WILL THEY TELL US SOMETHING!
Exactly, two months ago we were told that numbers would be out in 1 to 2 weeks. A month later we were told that they shouldn't have said that, but the production numbers would be out any day. THAT WAS ONE MONTH AGO!
For the life of me, I can't fathom why someone with Magellen isn't breathing fire over this. They should be kicking down the door at the distributor to ask where the @(P#*$Y@#*() are the damn production numbers. That would at least be something we could sympathize with. Instead we get, "soon", "any day now", and 'I promise that gas is flowing."
There's a lot of money on the line here, and all we're really getting from Magellen is TRUST US.
I'm with you, there.
I emailed her bascially begging for information. We'll see when/if she gets back.
Do we dare to be optimistic at the fact that it's already taken them over a week to get this shareholder update together?
Maybe the website produces natural gas. Did you ever consider that?
Aaargh, another week in the Magellen Energy waiting room.
Then, what's all the buzz about?
SO WHAT'S THE BIG THING THAT"S ABOUT TO HAPPEN TO PUSH THIS THING INTO THE $1 range?
Okay, I just reread the one she sent me and it doesn't specifically mention this week either, but it does say that management is working on it 'as we speak' and that was Monday, so....
I mean Jesus, if nothing else, issue a PR saying that an update is coming and what the update will include.
It's not that she's lying, it's that she's not doing the research into what she's talking about. I don't care if there's a valid reason for all this, it's still horrible IR to keep everyone in the dark like this when deadlines are missed by months.
Now, we're in a position where if we DON'T get the PR tomorrow, there's probably going to be a sell-off.
I, along with others who post on this board and have emailed her questions, got a reply saying that the management was working on a PR that would address most of our (shareholders) concerns, and that it would be out THIS WEEK.
yep. And we're down to one day before Karen's mouth blows yet another deadline for the company.
It's been good opportunity to flip some shares between yesterday's volume and price mobility, so I think some people take advantage of that. They're lucky they didn't get caught on the sideline.
You can't get 6s filled? That's bizarre.
Yeah, that part had me worried as well.
I'm at a point where I'll take an "update" as long as it gets this stock somewhere between .001 and .0015, so I can pull some money out and reload after a couple days for the fabled numbers.
That's my thinking as well. If "next week" turns out to be another Karen-ism like "one or two weeks" was, I'm gonna be sooooo pissed.
Otherwise, the PR should be out this afternoon or tomorrow, right?
A long time according to L2.
What's driving this?
News? What?
There's nothing there.
Could just as easily be that someone wants you to think that.
At the same time keep in mind that based on the responses we've got from Karen there's reason to believe the PR won't have numbers in it, so this could be a P&D being run by some MMs.
Watch everything closely, and read the Hell out of the PR once it's released. If there's no rock solid information in it, look out, we'll go backwards like we did last time when people realized the release didn't have the information we were waiting for.
Every post I've read in which a message from Karen was alluded to the word was always "soon" that is until last Friday when it changed to this week.
She did do something similiar with the previous PR (the nothing PR) we got, so there's precedent.