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And we are heading into the summer driving season. So oil and ng stocks should do well, especially once we get into the June/July timeframe.
Nickel is the best commodity to invest in. Just ask Jim Cramer lol. He said so last week.
Yes I would imagine you are correct. Thanks.
Actually I just did a google search and I found other companies that have announced SFDA approval so I really dont know why.
I really dont know. Maybe the Chinese govt does not like a company issuing a pr regarding sfda approval. But that is a wild guess. I really dont know the answer.
So my translation is they need funding to deal with the upfront expenses but that is only my opinion and might be wrong.
After listening to the interview my take is they did get SFDA approval. He said that very clearly and said Abaxis products would revolutionize the way blood testing is done in China. So that is the good news from the interview.
The not so great news (in terms of timelines) is he said to look for a Redwood conversion in the fall and a second conversion a few months later. And he said you have alot of expenses, then all of the sudden you close one and there is a big change in your balance sheet with the equity you gain from that project and the cash income.
Whats wrong with doing a couple of shots with mom. lol
snow, for what its worth when I had called IR a couple months back they did say that S3 would continue to release quarterly reports. I asked them why the company filed the Form 15? They said because S3 was trying to get financing from a group of investors from Canada but the group couldnt provide financing unless the company filed the Form 15. The reason given was because the Canadian investor group did not want it PR'd that they would be providing financing and because S3 had a going concern statement and they needed the company to go dark. I didnt quite understand that but that is basically what I was told although I dont recall exactly.
So it would not surprise me if the document that Derb found has something to do with issuing shares to raise capital, the stock has definitely acted that way imho. Although Derb could be correct also, I really dont know. In the wall street interview Jim Bickel mentioned something about the significant expenses that are required upfront to convert a Redwood client.
They also probably needed additional funding to stock the Abaxis product line although that is merely speculation on my part. I guess the only way to know for sure is to call the SEC tomorrow to find out what that filing was all about.
I wonder when they will release flow rates on the Eberle #1 well?
Nice find penny.
Well the JDZ should certainly live up to that. Hopefully the EEZ will also.
Penny I am not going to waste time arguing. You looked at one sample during one year in one state. GLTY
Also you were only looking at a table from Texas. Regions wells are in Oklahoma. 5 mmcf/day while large is not uncommon around the country. TMR hit a 13 mmcf/day in Louisiana.
It depends on the individual well. Most companies wait until flow rates have stabilizrd before reporting a flow rate. TMR hit a large well about 4 years ago, 13 mmcf/day, and it remained relatively stable over a long period of time. So no, I dont really agree with your hypothesis.
Hopefully we will hear something shortly.
Here is a recent example from Oklahoma from another company.
Apache Oklahoma Gas Wells Test 5.3 and 3.4 MMcf/Day
Friday, April 06, 2007
Latest Oilvoice Headlines
Apache Corporation reports that its Central Region recently completed two Oklahoma wells that tested at 5.3 million cubic feet (MMcf) and 3.4 MMcf of natural gas per day.
The Apache West 8-14, in the Verden Field, located in Caddo County, Oklahoma, encountered 380 feet of gas pay and was completed from perforations in the Middle Wamsley member of the Springer formation between a measured depth of 16,391 feet and 16,521 feet. The well test-flowed 5.3 MMcf of natural gas and five barrels of condensate per day on a 10/64-inch choke with 6,850 pounds per square inch of wellhead pressure, following another mid-January completion in the Lower Wamsley that yielded an initial rate of 4.4 MMcf per day.
The Verden Field was discovered in 1976 and has produced a cumulative 5.1 million barrels of oil and 593 billion cubic feet of natural gas. Since 1993, Apache has drill ed 88 wells in the fields, where current gross production averages 57.8 MMcf per day from Apache-operated wells.
The West 8-14 is the eighth well drilled in this 640-acre unit, which the company operates with a 56 percent working interest. It is indicative of the downspacing opportunities afforded by reservoir compartmentalization in the Verden Field, where the company is currently running four drilling rigs. The Apache 9-14 well, in the same unit, is currently drilling toward Springer objectives below 17,000 feet.
The Apache Switzer 2-32, in the Strong City Field of Roger Mills County, Oklahoma, discovered 81 feet of natural gas pay in the Lower Red Fork Formation. The well was perforated between a measured depth of 12,996 feet and 13,036 feet. It tested at a rate of 3.4 MMcf of gas and 25 barrels of condensate per day from a 12/64-inch choke with 2,880 psi of wellhead pressure. Apache operates the well with a 93.75 percent working interest.
Apache is one of the most active drillers in the Red Fork formation, having participated in the play since the late 1970s. The company participated in 65 Red Fork wells last year, 41 of them operated by Apache; 11 of those wells that test-flowed in excess of 3 MMcf of gas per day. Apache is currently operating nine rigs in the Red Fork Trend.
Apache has operated in the Anadarko Basin since the company's inception in 1954 and the region remains an important cornerstone of the company. Large acreage positions with running room and consistent, predictable growth are key attributes of this original core area after which Apache's worldwide portfolio has been modeled.
Relevant Company(s) and News
Apache Corporation (Company Profile)
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Apache Earns $492 Million or $1.47 Per Share in First Quarter on 17 Percent Production Increase
Thursday, April 26, 2007
Yes this is the slowest I can remember in quite some time. But it is a Friday.
That is correct. A single 5 mmcf/day natural gas well would bring in approximately $9 to $10 million in revenues per year for Regions.
Jerry should always include what the boepd (barrels of oil equivalent per day) and expected revenues are from a given well so it is easier for investors who aren't familiar with the oil and gas industry to understand.
I cant argue the I havent been right about anything yet though. I want a 6 month extension on my positive predictions though lol. GLTY
Watch you trade out of this? I thought you were out already? Why trade with this one? Why not trade in the hundreds of other stocks that are on the market?
You must feel the stock has potential...
You must feel the stock will go up at some point...
Yes myth, I have said many things that I dont like about the company, but I have also said there are many things that I do like about the company. Get it? And I feel the company does have some great potential despite the many shortcomings. Its called telling the positives and negatives. Try it sometime.
So flaflyfan what do you think happened to the bank deal?
Myth so you just admitted that you are looking to buy back into the stock? Why would you do that if you think this company is so hopeless?
Why put your money back into S3 myth?
Why not put the money into other stocks myth? You are allowed to do that you know...There are literally hundreds of other stocks u can invest in.. But no, not you, you want to put the money back into S3..
That really makes alot of sense LOL
Real consistent logic..
Oh and btw, you wasted about 10 posts claiming that S3 didnt even have a booth at the conrference. Well the newsletter included pictures of the booth at the show.
Is that good enough for you.
Maybe next time they can have videoconferencing live from their booth for you lol
Thanks for the laughs though!
Mythbuster since you have sold all of your shares and continue to bash the company and anyone who promotes the stock are you willing to make a promise to the board that you will never buy the stock again?
S3 Investment Company Releases May 2007 Newsletter With Review of CEO's China Trip and New Reverse Merger Clients
Tuesday May 1, 9:34 am ET
DANVILLE, CA--(MARKET WIRE)--May 1, 2007 -- S3 Investment Company, Inc. (Other OTC:SIVC.PK - News), a holding company with two subsidiaries doing business in the China market, today issued an investor newsletter highlighting the company's activities over the past month, including Chief Executive Officer Jim Bickel's recent trip to China in support of the company's subsidiary operations and agreements for two new reverse merger clients for the company's Redwood Capital subsidiary.
A PDF version of the May 2007 newsletter can be viewed on the company's website at http://www.s3investments.com/media/news/.
Mr. Bickel's recent trip to China included oversight of subsidiary SINO UJE's presence at the China International Medical Equipment Fair Spring 2007 Conference, which was held in Dalian, China. In the newsletter, there are several pictures of the SINO UJE exhibit at the conference, which shows its emphasis on the product line of new supplier Abaxis, Inc., a publicly traded company that develops, manufactures and markets portable blood analysis systems for use in patient-care settings to provide clinicians with rapid blood constituent measurements.
Also in the newsletter is information on the company's two new reverse merger clients, Shandong Green Paper Co. Ltd., a leading producer of paper pulp molding products made from 100% natural raw materials that can be recycled and that decompose naturally, and Dalian Chuming Group Co., LTD, www.chuminggroup.com, a major producer and exporter of fresh and frozen pork and other cooked meat products.
"April was an extremely busy month for S3 and its subsidiaries operating in China, so we are pleased to provide this newsletter so that our shareholders can review the significant events of the last month," said Mr. Bickel. "We expect to continue our active communications program for the foreseeable future, including frequent press releases and regular monthly newsletters to highlight all of the tremendous opportunities for SINO UJE and Redwood Capital in China.
"Management believes that there are very few companies of S3's size that have both the existing revenues and the significant future growth potential in a market the size of China. We will continue in our efforts to bring value to S3 shareholders through the expansion of our subsidiary operations," Mr. Bickel added.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/investors/.
About S3 Investment Company
S3 Investment Company, Inc. http://www.s3investments.com is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital (http://www.redwoodcapinc.com), which assists private Chinese companies in accessing U.S. capital markets by utilizing a network of investment banking relationships, and a 51% equity interest in SINO UJE (http://www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China. SINO UJE has been granted exclusive distribution rights in China to medical and industrial products manufactured by leading companies in Europe, North America and Japan. These products are marketed to end-users, including major Chinese hospitals and private companies in a variety of fields, as well as original equipment manufacturers (OEMs), such as Phillips, Siemens and GE, that package the products with their technologies.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
Contact:
Contact:
Gemini Financial Communications for S3 Investment Company
A. Beyer
(951) 587-8072
Email Contact
--------------------------------------------------------------------------------
Source: S3 Investment Company
I know what I read. I am not going to bother. Lets take this discussion back to CNCN.
.0045 c .0046
It was me. And I stand by that statement. There are many pink sheet stocks with alot less going for them then S3. And they run freely because they have posters who actually support the stock. The constant complaining on this board, while much if it is warranted, has played a role in the low share price and has dampened enthusiasm for the stock than anything the Bickels have done. (Ok well maybe that is a slight exxageration lol) This is a self fulfilling prohpecy. Keep talking negatively. This prevents anyone new from looking into the stock. So to create volume the MM's keep dropping the share price. And the cycle continues.
Oh btw buster. Great DD in getting a response from Abaxis. They are actually involved with S3.
I have made my opinions known on this topic and am not going to continue to rehash the same things over and over. So I will refrain from discussing it any further. And btw, the Bickels should be criticized for the way they have handled PR's share structure etc. So yes they are to blame also and much of the criticism is justified.
No you dont discuss facts. Your MO is to throw up as much _____ as possible to see what sticks. Even if the information is wrong. A perfect example is you attempting to insinuate that S3 does not own any FSIN shares. Then scoobey took the time to post the link to show you were wrong (which I am sure you knew already). Did you bother to thank Scoobey? No. Did you bother to admit you were mistaken? No. Because the whole reason you did it was an attempt to scare people out of their shares.
As for CNCN I did sell some on the run to .23. But kept the majority of my shares. Best of luck to you.
Btw, I am surprised you bought some CNCN at .14. You were bashing it at the time. So as you were bashing the stock you were buying it. Just goes to show........
BG I basically just lost my composure watching this investment fall on a daily basis. I wish I had bought FSIN when you guys were mentioning it at $4.50. Nice job. Yes I suppose you are right about JB. But maybe he will come through this time. GLTY
Having said all that. You guys have every right to be angry. Because they probably painted a rosy picture along the way.
My point being that if you step back and take a look at the big picture, that the dilution in the past might have been a necessary evil. When they took over the company there was debt and they made a mistake on the securesoft deal which cost them money. So they had to dilute the sharehoders to raise capital and keep the company afloat.
Then they attempted to launch two new subsidiaries both of which cost money. They needed to raise capital to get the needed capital so that both subsidiaries could survive. Which has led to more dilution. But at some point, if you believe that both subsidiaries will be bringing in enough revenues to be self sustaining then at that point future dilution will no longer be necessary.
Are we at that point yet? I dont know. I thought they were at that point in October on the basis of the PR's which stated that they anticipated making a $1.4 million net gain. So I bought in. Obviously that turned out to be an incorrect move based on faulty information in a PR. So I too have bought in too early and have been diluted based on misinformation although not as bad as others here.
I do believe that they will begin converting Redwood clients on a more regular basis. If that begins to be the case then imho the stock is a good buy at these levels because there will no longer be a need to dilute like there has in the past because both subsidiaries will be self sustaining.
If you dont believe they will begin to convert Redwood clients on a regular basis then you will be right and the dilution will continue and the stock will end up being worthless.
I happen to think they are close to pulling things together. But others have a different view and that is completely understandable based on past performance.
Fair point, and I agree with the fact that he has been disingenuous. And remember, many of you have been in the stock far longer than me and know more about the company and its history. But let me ask you. Is it your opinion that Abaxis will never get approval? And is it your opinion that Redwood will never complete a reverse merger transaction again?
I was wrong to act the way I did and I apologized. You are right.
Thank you Dr. Phil...
Well dont say that...You might be accused of being a pumper lol. Fortunately several posters, including yourself, understand the meaning of what market cap means. And then some others...well they really dont lol.
The price is .012 not .0014.
Feel free to delete any of my posts scoob.
I missed that in the PR. All the whiners will be proven wrong on this stock. This company does have some positive things going for it despite what some of the cry babies want others to think. I would imagine that you are correct and some of the other companies do not want to be mentioned yet. Nice find. I do believe Jim is trying to open up lines of communication.
No flip flop myth. But you are showing your lack of intelligence yet again. I was not unhappy with the reverse split itself. But when you add the 40% dilution on top of it that is what I was unhappy with. Get it? Reverse split is fine. Dilution is not fine. Not very complicated. If they converted the 12 million preferreds using a 1:1 conversion ratio like they claimed they were going to do SIVC would have 28 million shares outstanding right now. which gives SIVC a current market cap of $336,000