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finally making some good moves here.... level 2 action has been heating up
let's see if we can close above .30 today.... i sense forces not wanting to let us do that. more importantly, if we do... would be nice to hold the gains here.... PWRV has been lacking of good liquidity, just as easy as it is to shoot up quickly, that same ease can push it back down. Let's go PWRV!
Nice post lunch volume and price action......
Edit: And of course, NITE trying to kill the run as usual. As noted in the CEO blog several times, this stock attracts more than the usual number of shorts, FWIW
This company is making ALL the right moves. I still have a small holding here from last year, and I am holding. I received my iGlue dividend in my ETrade account though the ticker hasn't been assigned yet. The share reduction, iGlue going public, this is all spelling an increased valuation for this company without a doubt. The slightest bit of decent volume and we could easily push up and beyond .50 cents. Just a shame that there aren't that many eyes on this.
Yes, it was EXTREMELY shareholder friendly. BLUG simply had a tough time finding financing for drilling. What's so difficult to understand? Why are you painting the picture so negative? They included the A/S AND the O/S in the reverse merger - UNHEARD of in pennyland..... if I own company ABC and do the same thing, but then the markets in summer turn out to be brutal and not friendly for finding financing, does that automatically make me not shareholder friendly? I think not. Please, dig deeper, do the DD and maybe pick up the phone and talk to a person or two before coming on here and trying to twist the story. After speaking w/Abe earlier in the year I knew this was going to take time but I still have the confidence I had when I got in here many many months ago. Believe me, nothing ever goes perfect.... yes, many of us got here because we thought it was a solid 10 bagger back then, but even now with the new news, the possibility of a substantial gain on my initial investment exists. I choose to look at the glass as half full with my knowledge of this company and the key players involved.
thanks for the update Atlanta... agreed it is getting ulgy, it's getting back to pre-split levels that I never thought we'd see again! My concern now is that since we are nowhere near that 10 cent level, financing may be a bit harder to come by? I am tempted to buy again but I'm getting a bit concerned since we essentially have had zero updates on any kind of progress.
nice little jump today.... harbinger of things to come
yes, things looking much better today!
Agreed. Financing is key, I'm sure many are watching from the sidelines waiting for key news to get back in or add, when we finally do get that momentum and push of new money coming in the PPS should adjust higher accordingly, but for now we just have to sit it out and be patient.
from the CEO blog:
Some more iGlue data. I like these numbers, they show promise, great promise.
Comparing metrics from June to July, month over month the number of annotations placed has increased over 250% while the number of search quires conducted in our semantic database has increased over 400%.
We have now passed 700,000 annotations and are on track to reach 1 million by the end of July. One million annotations placed in 2 months!
My only complaint, if I can complain, is that the stock does not trade. I feel that constant trading of 400-500 thousand shares at around 20 cents would grossly undervalue PWRV, and the current lack of rading is disheartening to say the least. Onward and upward.
Your guess is as good as mine, what's unfortunate is that for sure one side is not telling the truth, and who know's what side that is. I'm holding out.... if we get extreme blue light specials I might still add to my position.
thanks for the update. knowing that they had seismic completed was a HUGE factor to me. patience for sure, I still hold a 12 to 18 month outlook on this one...
yes - and that in itself says a WHOLE lot about the company's attitude towards shareholders. Sometimes things happen that a company cannot control... Abe probably doesn't want to give shareholders the impression that money is really really tight, and naturally doesn't want to say well we can't pay Tony right now, and Tony - not representing BLUG anymore is free to say what he wants. All I know is that they have property smack dab in the middle of where all the action is for heavy nat gas plays, they have seismic already done, and I'm sticking to my gut on this one that it will reward me handsomely, albeit with a bit of turbulence here and there. nothing ever comes easy, but I still have big expectations here, hope I am right.
I got the same email as well. Will be interesting to see how this plays out.
But truthfully, there were (and still are IMO) many uninformed "kids" in this who truly don't have a clue as to what is going on. Many thought (and still do) that this was an oil play.... you have people in here with that classic Ihub/penny play mentality, the headers/stickies haven't been updated in ages (we have a non-existent mod), and I for one enjoy snatching candy from the kids. So, as OMO once said "Let us feast on their ignorance" - is my moto. I have a 12 to 24 month outlook on this one and the share structure in place will make price appreciation to significantly higher levels all that much easier.
somebody got impatient!!
you bet it will.... man at about 5 cents, I'll take as much as I can get! If one looks at the independent research report, the estimated reserves, take into account the new share structure, well lets just say I'm drooling and googley eyed
man.... should I pay my grad school tuition? or buy another nice chunk at .051???? That is the question... lol
Devil196, you will find out when the rest of us find out - drilling is a material event and will be disclosed to the public when it happens, and as such has not been reported so we are all waiting for these developments to take place, which by the way is also the reason we have a bit of a blue light special on BLUG shares right now. In my opinion, take advantage, as this will change soon enough. I also urge you to get hold of Tony Collins at BLUG, he can and will answer many of your questions about the company and what direction things are headed in. Here is his contact info:
Investor Relations:
Tony R. Collins
Phone: 877-511-0110
tcollins@riograndepetroleum.com
tell me about it!! but I'll be damned if I don't get more than my pathetic fill of 300 shares... !! Jeeze, might actually have to slap the ASK!
and CSTI has done the same to me twice as well now
shhhhhh....!!! lol (ran into some spare change )
i keep checking/refreshing like 10 times a day on that NV SoS site Very soon...... then BOOM!
wow this is actually pretty thin all the way up to .10! We just get the slightest bit of moderate momo or any news at all and kaboomage!
Peeps just need to hang on til reinstatement and then the real fireworks begin.... easy .10 to .13, BIG $$$$$$ to be made
and you won't be the only one (Good find OMO!)
Excellent. Folks who try to add later will realize they are chasing and simply pushing the price up The time to accumulate and add is now.
Nice... when the time is right, this will fly!
You are spot on. This company isn't playing around - they mean business, and I mean serious business. To initiate a r/s involving both the o/s and the a/s = RARE, and now the float is tiny. Again, many people still don't understand what's going on here. This is a gem of a nat gas play, completely under the radar and one that could make you some very good coin if you just sit and let events transpire. I urge everyone if they haven't done so to go to the www.riograndepetroleum.com site and view the independent technical assessment. Eventually this company will attempt to prove out upwards of anywhere from $700M to as much as $1B in reserves. And now we have an o/s of just 100M and a float of maybe 10M/20M?? Do you see where the potential pps could be headed? Anyone who now attempts to accumulate a large position would cause the price to increase. This is why many were accumulating before the split. It's that simple, there just aren't that many shares available to buy anymore. It's that tight. Furthermore, just wait and watch what happens when they announce financing and drilling and subsequent results. You'll have a big smile on your face shortly after Just be PATIENT so you can truly reap the rewards. GLTU!
Depending on the brokerages, it can take anywhere from a couple of days to as much as a few weeks. I'm with etrade, today my account is showing the new cusip number, but not the new shares. I'm not worried. I know the new shares will be visible soon enough. If you have concerns, just call Scottrade, they'll be more than happy to explain the process.
Yes, and this is not unusual after a R/S, also keep in mind this stock is still very much off the radar. You can still use this as an opportunity to accumulate before news. Once we get word of a catalyst, it's off to the races. GLTA!
That's a distinct possibility, also keep in mind that this stock is still pretty much under the radar. Those in the know have been accumulating, but just sit tight, wait until news of financing and drilling comes across the wires, then watch what happens. Be patient with this one and you will be happy. If you've gone to their website and done the DD, read up on the research, you will know that they have already completed the 3D seismic study and will be drilling this summer. An independent study has also given estimates on potential reserves. They will be drilling in an area known for plentiful and large amounts of nat gas. As others, I am expecting the second half of this year to be a good one for BLUG!
not on etrade either as of yet...
yes, looking good here. soon we should hear news about financing and drilling schedule for summer. my etrade shows post split O/S as 15M now, that's peanuts and this stock will really move with news serving as a catalyst. many have been slowly accumulating here, I can guarantee that many of those shares are in hands that are long and strong.
Great news - ready to rock and roll here!
refer to this previous post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60696765
Divide those numbers by 5 for post split numbers. A/S will be 100M, the O/S would be a tad over 50M and float will be tiny. Latest from IR is that they are waiting on FINRA and that the split will take place within the next week or two.
OMO - thanks for this post. I brought this up a few times, to make sure that people understood that the Peco area is not in the oil sands area of Alberta, this area is not as heavily explored but has massive potential and is considered a "deep basin" play.
the best part of any positive scenario to the upside is that you are already in, and can comfortably watch the gains, vs having to chase a run, and that is not always fun!
furthermore, if anyone is doing any DD on the Peco area of Alberta, they will see there is limited info for research, however what info exists shows that it's considered a Deep Basin play and has mega potential in untapped reserves for oil and nat gas.
Bring on the news, and GLTA
gotta love where the price of oil is going guys! just shy of $113 today...
http://www.bloomberg.com/energy/
when FRMC was bouncing around between .40 and .47 a little more than a year ago it was only around $70/$80 a barrel.
we're doing well here. if people would take the time to just do some basic DD on what we have here, and the potential moving forward they can see it's a given that the pps will go north, and with heavy volume it could move explosively given the low float.