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I feel this way also because of the major global shift towards ethane. Ineos and Reliance both have invested into infrastructure to globally ship ethane and LNG around the glob. Domestically we have plans for major cracker sits to be developed. It is my opinion that a number of companies would see it adventitious to own rich wet gas wells to fulfill their feed stock needs. Which Rexx operates. Some of the best wet gas wells. Ethane will only continue to rise in value over the coming years. Right now such a purchase would be highly lucrative, because of the beaten down energy sector. Right now is the time to still scoop up companies that are under valued and struggling.
yes and I have been waiting of this news. It looks like they are trimming the fat for such a deal to take place.
This move was announced on the conference call. Trimming the fat. Great move.
so a shareholder vote is needed for RS, no vote nothing material to report. Likely means no RS so there must be some other solution in the works.
Not a mystery. It's listed in their presentation how much each pipeline can move per day.
we are not above the 200 day moving avg. Above 20 day. Right below the 50 day moving avg.
They certainly do not need to go pink, the next step down is a lower tier on NASDAQ
Incorrect. They propose a plan by Dec and have time to put the plan into motion.
They got the notice, they have until end of December to provide plan and have 6 months after to execute the plan.
Why do you think this indicates that Franklin has increased their holding in REXX?
For more Franklin questions. They participated in debt swaps with REXX so they have debt swap shares and the shares that they acquired to take stock in the company at 9%. They filed the 13G stating over 5% ownership at 9%. It is my understanding that the 9% Franklin holding position is different than the shares they posses and or liquidated since from their debt swap business with REXX, is this correct thinking? That their 9% position is treated as completely separate from the debt swap shares?
Now if they drop below 5% they need to report per 13G filling within 45 days? What is the rule to file and inform if they increase their position?
Yes they did!
Worthwhile DD Content To Skim Through
So I was poking around and noticed lots of $ has been going into producing new tanker technology to move Ethane around the globe. Rexx gets a contract with Ineos whom contracts with Evergas to build this state of the art Dragon class to ship LNG.
http://www.maritime-executive.com/article/samsung-delivers-worlds-largest-ethane-carriers
Now you get these monsters coming out of Samsung's shop, moving lots of Ethane LNG's over to India for Reliance Industries. I begin to wonder if Rexx has a piece of that action and I discover that they do as they have contracts to pump south through the ATEX pipeline.
http://files.shareholder.com/downloads/REXX/2974498297x0x911289/75F6312C-EC5B-41C0-A588-6CB96F83BECE/October_2016_Corporate_Presentation.pdf
So now I see that they have contracts to pump to Europe with Ineos and Asia via ATEX/Reliance. On top of this we have domestic Ethane crackers on build. Shell and its large complex plus others due for build out. It seems that lots of money is being invested into Ethane and its supporting global infrastructure. Ethane is on the rise to becoming the number one petrochemical feedstock.
http://www.eia.gov/todayinenergy/detail.php?id=25632
You look around at the best LNG wet gas producing wells which are in Butler County currently among the ones discovered, REXX has great wet gas producing land, hence Ineos contract after vetting, and you notice that REXX has the most activity in the area. With further more wells coming, which was learned on the recent conference call. Seems like a bright future for Ethane and Rexx.
http://edge.media-server.com/m/p/h5fxy6oh
http://www.shaleexperts.com/plays/marcellus-shale/county/butler-county-pa
I wouldn't be surprised to see REXX above $1 before it's time frame is up for it to climb over $1. 6 months after Dec when their proposal is due explaining how they will raise the sp above $1.
Franklin Resources Buys 9% Rex Energy Stake (REXX)
http://www.investopedia.com/news/franklin-resources-buys-9-rex-energy-stake-rexx/
Franklin participates with Rexx in debt swaps and then purchases a 9% stake.
Exactly. BS post.
haha nice
roll some dice here see what happens.
Oh ya, big present. Or more like a big magic trick. Poof, watch, your money is gone!
So I was poking around and noticed lots of $ has been going into producing new tanker technology to move Ethane around the globe. Rexx gets a contract with Ineos whom contracts with Evergas to build this state of the art Dragon class to ship LNG.
http://www.maritime-executive.com/article/samsung-delivers-worlds-largest-ethane-carriers
Now you get these monsters coming out of Samsung's shop, moving lots of Ethane LNG's over to India for Reliance Industries. I begin to wonder if Rexx has a piece of that action and I discover that they do as they have contracts to pump south through the ATEX pipeline.
http://files.shareholder.com/downloads/REXX/2974498297x0x911289/75F6312C-EC5B-41C0-A588-6CB96F83BECE/October_2016_Corporate_Presentation.pdf
So now I see that they have contracts to pump to Europe with Ineos and Asia via ATEX/Reliance. On top of this we have domestic Ethane crackers on build. Shell and its large complex plus others due for build out. It seems that lots of money is being invested into Ethane and its supporting global infrastructure. Ethane is on the rise to becoming the number one petrochemical feedstock.
http://www.eia.gov/todayinenergy/detail.php?id=25632
You look around at the best LNG wet gas producing wells which are in Butler County currently among the ones discovered, REXX has great wet gas producing land, hence Ineos contract after vetting, and you notice that REXX has the most activity in the area. With further more wells coming, which was learned on the recent conference call. Seems like a bright future for Ethane and Rexx.
http://edge.media-server.com/m/p/h5fxy6oh
http://www.shaleexperts.com/plays/marcellus-shale/county/butler-county-pa
I wouldn't be surprised to see REXX above $1 before it's time frame is up for it to climb over $1. 6 months after Dec when their proposal is due explaining how they will raise the sp above $1.
The gulf is pumping onto this new Samsung mega tanker that just overtook Ineos Dragon class in terms of size.
Samsung Delivers World's Largest Ethane Carriers
http://www.maritime-executive.com/article/samsung-delivers-worlds-largest-ethane-carriers
Good, doesn't look like a gun, however I think they will end up with a ergo product design. Probably the temp testing shell.
So now what? Board gonna go dark also? What is there left to talk about? Gotta just wait until the ticker goes active once more no?
It is very suspect. A company dealing with digital advertising using a dead site?
Like I care about Giordano's. Lou Malnati's is where it is at. I'm not on a special trip to Chicago lol.
Shoot. I'll be in Oakbrook Terrace in a couple weeks.
Agree 100%. Until something tangible, material comes out. It is all speculation. Might be the most wonderful speculation but at the end of the day it is speculation. Seems logical that this will keep trending down. Why would Roche care, he will probably buy more shares on the cheap. Why should the believers care? If ya believe you will believe as it drops since you understand why it is descending and therefor but more cheaper shares enthusiastically.
you, lots of contract stories. All but stories.
ya more news like Boeing news lol
Ya I have heard that before. Also much more gas is used during the winter v.s. a summer? Granted summers can be mild or heat wave hot. Would such a summer not even compare to a solid winter of gas?
This is like one of the only legit pennies on the OTC.
Can mean absolutely nothing if they are ghosted trades. Since that is the only positive going on here, that has to be ignored. Can only wait for a material event that is positively concrete. Otherwise stay away, far away imo.
All solid logical points. Hopefully the obvious is what transpires and doesn't just turn to crap on a dime like we have seen in the past among other opportunities.
Ah checked in and I see another 10+%! So far so good. Seen 23%NSF
Whats to stop him from providing another private placement.
Makes sense. $BLOZF is the only one I have come across similar.
Yes, if his track record is as you illustrate, it's wonderful news. Why would he deviate from a historic pattern. No reason to think different. You guys are most likely in early and haw a nice ride ahead. Once you guys get a favorable cushion, tighten up the operation and kick yer feet back and enjoy boys!
If I had to guess, on the account of course that everything is legit, I would have to agree. The successful man plans on making a big big whopping score. It's what they do. The whales.
I would like to but in all honesty I am scared of the OTC and vowed to stay away. Also my funds are locked up at the moment. However if my play runs I am very tempted. I sure like this mega tycoon being involved. Although so many promsing this that and the others have come and gone. Good names on boards amounting to nothing. However in this case, it seems like this guy is a true factor and it is delightful to watch you guys succeed. I would love to be a part of it. I would love to be cheering on with you gys and xZx but man... My history has me wary. Enjoy guys, I will be watching and smiling and being glad that you guys are killing it.
just keeps going up. Nice guys. Enjoy. Its a pleasure to see people succeeding on the OTC, even watching from the sidelines, after witnessing and being apart of so many scummy plays.
Roche is a very interesting character indeed.
Just because Roche is involved doesn't mean a secured future. He lives in Shanghai China. So he could run a colossal whatever here and no laws are going to touch him. Not with his connection with the Chinese. He has enough power to be untouchable and that is a dangerous person to be involved with.