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Is there news out there? Quite a move! eom
Agreed. But if they just get uplisted and come back to an honest and responsible PR style, IMHO, this stock will move enough to get many back to where they came in. Anything beyond that I believe, will take the kind of efforts you speak of!
Best to you!
IF the new BOD can get it's act together, IMHO, there is still a historic opportunity to be part of the solution for the coming oil/gas crisis. The years ahead, I believe, will be a challenge for all to adjust our energy use and dependence on middle eastern oil. IMHO, if these companies can just be a small part of this need for new and expanded production, then the future for investors here could be positive in time.
BOD must get their act together and begin putting the pieces together and finally let us all in on the big secrets!
Best to all!
From the other board:
Posted by: stervc
In reply to: wtctexas who wrote msg# 2768 Date:10/28/2007 2:23:49 PM
Post #of 2852
Wtctexas, with WRNW & its Valuation...
Thanks for posting WRNW as it looks very promising if they close everything as publicly announced. Heck, if for not your mention of it in here, I would have completely never even heard of WRNW.
You say WRNW is worth at least .005 per share, but from that last deal, they are worth about .0072 per share from doing some quick math in my opinion. This is not considering if they have closed any other deals, mergers, etc. that might be going on. From considering their mergers/deals that have been on the table for closing, as some already have their audits completed, WRNW would be worth and trading much higher. I’ll explain how further.
It looks darn good from doing some quick research, but I do see how there might be a little reservation until a little more is confirmed. Here’s what I have so far.
Before we explain the derivation of some WRNW Fundamental Valuation, let’s first consider some key people’s credentials. I like the fact that their CEO and CFO both have some awesome achievements that are very legitimate and should not go ignored:
David Rees, the WRNW CEO, has achieved the following below as being an Advisor…
** Advisor for Lyondell with annual Revenues of more than $20.9 Billion and $16 Billion in Assets and trades on the NYSE at $47.25 per share under the ticker of LYO.
http://www.lyondell.com/Lyondell
** Advisor for Potomac Energy a major research project to develop an electrical generator that only requires liquid nitrogen to operate.
http://peswiki.com/index.php/Directory:Potomac_Energy_Projects,_LLC
** Advisor for Entergy which has annual revenues of over $10 billion and approximately 14,500 employees and trades on the NYSE at $118.97 per share under the ticker ETR.
http://www.entergy.com/
**** In 2007, Entergy was named to the Forbes list of America’s Most Trustworthy Companies.
**** Entergy was the only electric utility to make that list from 8,000 public companies.
**** Entergy is the only U.S. utility to make the Dow Jones Sustainability Index 5 years in a row.
** David Rees affiliation with these companies mentioned above alone is a huge show of confidence for investors to believe in the direction he will be taking us.
** And something very important for WRNW… David Rees has specialized in mergers and acquisitions as well as structured financing.
Ok, so I’m convinced that WRNW shareholders are in good hands. That’s enough good to outweigh any bad that I can think of for my personal risk meter; to each its own.
Harry Martin, the WRNW CFO, has achieved the following below…
** Managed the accounting department of a $500 million division of CBS.
** Vice President and General Manager of a division of Hanson Industries.
** Controller of a $100 million subsidiary of Kaiser Industries.
** Was a Captain in the Air Force (So you know I love that part!) and during his tour of duty was responsible for four audit offices in Turkey.
** Holds a BBA degree in accounting and finance and an MBA in finance.
Ok, I’m convinced that we are in good hands here too.
Initially I thought this deal was some kind of shares exchange of nothing being exchanged for nothing. I think the clue light might have clicked on a bit after going back and researching a bit further.
I might be wrong and I hate to say it like this for DVFI shareholders, but it looks like WRNW is going to use DVFI to dilute to raise capital to keep from diluting WRNW. That’s good for WRNW shareholders, but bad for DVFI shareholders for the short term… maybe.
I do see how as high as WRNW goes, later, DVFI could be reverse merged into WRNW on a 1 for 1 basis to bring immediate valuation back into DVFI and out of the grey sheets after the fact since WRNW has an Outstanding Shares (OS) count of 800 Million shares which matches DVFI Authorized Shares (AS) count of 800 Million shares. Also, since they transferred over the entire TEAM of WRNM to be the new management for DVFI, they will have a vested interest in the success of both companies.
It’s actually a good plan for the growth of both stocks, especially since it appears that the audits are done for some of the mergers. Here’s what I have concluded as far as valuation given the closing of the mergers mentioned in their LOIs.
PR for merger with Team Services LLC
Friday May 18, 9:45 am ET
http://biz.yahoo.com/pz/070518/119827.html
** $14 Million in Revenues.
** Approximately $4 Million of that $14 Million to be Income.
PR for merger with Cementers Well Service, Inc.
Thursday May 3, 9:45 am ET
http://biz.yahoo.com/pz/070503/118744.html
** Annual Income of $3,000,000 from Revenues.
** If I had to guess, considering that $3 Million is the 25% standard Profit margin from the Revenues, then that would make the Revenues to be in the amount of $12 Million.
PRs for merger with Midwest-Based Oil and Gas Cementing Company
Tuesday May 29, 11:13 am ET
http://biz.yahoo.com/pz/070529/120409.html
** Annual revenues are in excess of $8 Million, with net margins of over 30%.
** 30% = $8,000,000 x .30 = $2,400,000
** This company's operations are modeled after Halliburton, where most of the senior management was trained.
http://biz.yahoo.com/pz/070503/118744.html
Current WRNW Market Cap is:
800,000,000 Outstanding Shares (OS) x .0006 = $480,000
This is significantly undervalued in my opinion given its recent deals closed and pending. If all of the deals close, the new Market Cap from Revenues would reflect below:
$14M + $12M + $8M = $34 Million
800,000,000 x X = $34,000,000
X = $34,000,000 ÷ 800,000,000
X = 0.0425 Per Share
Now that’s just from the Market Capital Analysis. The total anticipated Income to come from the Revenues of those deals to derive an Earnings Per Share (EPS) is below:
$4M + $3M + $2.4M = $9.4 Million
$9,400,000 ÷ 800,000,000 = .011 EPS
Now let’s consider a “conservative PE Ratio” of 12 for the growth rate for its Industry and Sector that it trades within:
12 PE Ratio x .011 = .132 Per Share
Now the above prices are Fundamental Valuations as to where WRNW should trade given the closure of the merger deals that are already on the table, of which some have already had their audits completed. That is the risk in which why we are here deciding to take.
I’m guessing that it would be fair to not expect any kind of dilution from WRNW since they are expecting to close the deal for $1.8 Million with USA Superior Energy, Inc. which trades at .85 per share as USSU on the OTCBB as indicated in the PR below and since the due diligence process has already begun:
http://biz.yahoo.com/pz/070808/124527.html
Also, when you have audits on file as completed with other audits submitted pending closure with the SEC, the share structure must remain in tact from the due diligence procedures involved with the SEC.
For these reasons above, I think WRNW is safe from any kind of dilution or increase in the OS.
With considering all of the above, WRNW and DFVI might have had some skeletons in their closet if I had to guess which is what contributed to them getting down to these levels. I have just come to simply expect that with every pink sheets stock in the market (LOL). That’s why we should be glad that such is the case as we might not have given WRNW any attention if it were already trading in the pennies after all of these things had transpired. Level II looks very strong from the bottom up at the “Ask” with WRNW as the pennies really don’t look too far away.
I and anyone else do not know where WNRW is going for fact or how much it’s actually worth, but .0006 per share seems like a steal at these levels given all of the coals they have in the fire. I think WRNW is still on the ground floor as an existing opportunity for many to take the risk for some potential rewards. I think it’s worth picking up a couple million shares. Thanks again for bringing it to the forum.
v/r
Sterling
Absolutely! eom
I have stated before that I have seen penny oil/gas plays move even carrying 800 mill shares on their back. IMHO, uplist; honest PR's with realistic time frames; show some actual production numbers = someday we could see a dime or better despite the # of shares; especially if the bulk of shares are tied up for the long haul.
Best to all!
(Smile, this is the day that God created!)
Secret source of phony Iraq intel outed
Fri Nov 2, 11:23 AM ET
WASHINGTON - The Iraqi defector code-named "Curveball," whose false tales of biological weapons labs bolstered the U.S. case for war, wasn't the prominent chemical engineer he claimed to be and invented stories to help his case for asylum in Germany, a new report says.
"Curveball" is Rafid Ahmed Alwan, who did study chemical engineering but made poor grades and never managed a biological weapons facility, according to CBS' "60 Minutes," which will broadcast on Sunday a report describing how Alwan became a secret intelligence source.
Although known publicly only by his code name, Curveball has been repeatedly discredited by investigations of the United States' faulty prewar intelligence and became an embarrassment to U.S. spy agencies. A presidential intelligence commission found that Curveball, who mostly told his stories to German intelligence officials who passed them on to the U.S., was a fabricator and an alcoholic.
"60 Minutes" reports that Alwan arrived at a German refugee center in 1999 and began spinning his tales of a facility making mobile biological weapons in an effort to gain asylum. The ploy apparently achieved his goal, and Alwan is assumed to be living in Germany today under an assumed name.
Although German intelligence officials warned the CIA that Curveball's claims of mobile bioweapons labs were unreliable, and U.N. inspectors determined before the war began in 2003 that parts of his story were false, the Bush administration continued to promote the existence of such mobile labs for months after the invasion, until it was widely accepted that they could not be found.
(From Yahoo News)
Doesn't mean they don't covet the Yanks and YES. They have for years and have previously offered serious billions for the whole kit and kibudle. George never would. I don't trust the kids!
But then the Dolan's would destroy the franchise!!
A possibility. But all I'm saying is IF it is not in there blood, in a few years they will be sick of dealing with it and the windfall will appeal to their businessmen minds!
According to the news reports I read, the figure you stated is ONLY the team, sales, merchandise, the stadium, ads for the team; however: Does not include the projected value of the YES network, which would go as a package if sold to Cablevision.
For now maybe, but Hank seems too mercurial to survive with the media for too long and Hal just looks like he wants no part of this.
We'll see.
Glad 'Chad' knew his own name! LOL
Just a thought to Yankee fans and haters alike. A theory I've had for a while now:
I think that Hank and Hal Steinbrenner never really wanted to get this deep into the baseball side of family business. I think dad's illness/age forced their hand along with the drunk son-in-law.
I predict that they will hold on to the team another 3 to 4 years and, unless one of them gets a yen to continue, they will sell out to Cablevision/MSG for about 5 Billion dollars!
Not bad for an original $10 million investment in 1973!
I think if one or both does not REALLY come to love this business, they are going to say, "I can make all that money, why the hell am I wasting my time doing this." We'll see!
Best to all!!
Tree: I have another e-mail into E*Trade and I agree; I have NO plans to sell anytime soon. I just want the ability to do so if I choose!
Best to you!
I contacted E*Trade again yesterday. Originally they said the original shares would be freed up in lat July. Mine are still restricted.
Best to you.
As with most deals, it usually has to help both parties or why do it? IMHO, this gives all shareholders a chance; some hope. In pinkie and grey-land, sometimes thats all you got: Hope and a shot to make it against odds.
Sincerely hope you are right on!
Best to you!
Amen Billiam! Just this one time... Let 'em be right!!! EOM
Hope he is right on!
Posted by: zinvestorjac
In reply to: jrdig7 who wrote msg# 26011 Date:10/29/2007 9:28:43 PM
Post #of 26014
merger theories. I have extensive knowledge of DVFI, TYEG and WWNG. DVFI and WRNW will not merge with TYEG. DVFI and WRNW will not merge with WWNG either. I do not expect WRNW and DVFI to merge either. The DVFI share distribution would work against this. DVFI has hired counsel to handle the uplisting. DVFI aquiring WRNW OK assets and leases enables DVFI to show real operations, revenue, and financials. They can now obtain MM sponsorship, file SB2 and start trading on pinks. However, Rees said OTCBB company, right? DVFI may actually start trading on the bulletin board and become fully compliant with SEC disclosure rules. The shares of DVFI may actually be worth something to WRNW, maybe not now on greys, but defintely later. DVFI owns 22% of TYEG. TYEG has big news coming on Dunwich and OK. DVFI's LOI's are not dead. These LOI's (Loiusiana and Eaxt Texas) will put an additional 20M in assets on DVFI's balance sheet with 11,000 bopm production from both sites. Add that to the 1500bopm from OK / WRNW leases. It is very possible, lenders need DVFI to be fully compliant before they sign off on the LOI's. In order to be fully compliant, they needed this deal from WRNW. WRNW is not going to dilute their stake in DVFI knowing what is coming down the pipe. DVFI is in bed with N2O and Hydroslotter to effectively rework existing wells to maximize production and revitalize abandoned wells. I think WRNW made an investment in DVFI, helped them obtain the requirements for relisting for cash and shares. They will eventually sell their DVFI investment to raise cash for their own projects but they will let the share price gather momentum first. I think WRNW shareholders are going to be very happy with the asset value of their DVFI holdings. I think DVFI shareholders are going to bceome very very rich.
Good to have you on the positive side again! I like the sound of it! Hope you are right on.
Best to you!
Agreed! But I agree with Billiam and others that they have some major PR repair to do.
Best to you!
We just don't know yet where we stand with shares. They just updated the website and the O/S was still under 400 mill. We still don't know enough about our new partner's plans or the full story of this deal to justify a thumbs up or down. Time will tell. I'm just glad there is still a chance; still hope.
Sounds about right to me. But what if all those shares ain't out?
Look, the hard truth is this:
I held on long after I should have; especially when BIGN went to .06. But the FACT is, I held. SO, I have nothing to gain from negativity. I have hope and prayer that something positive will eventually come of this. The domestic energy market is real and greatly needed as we reach Peak Oil. IF the new partners with DVFI turn out to be rotten and screw us then shame on them and shame on me for holding.
I am hoping and praying that, in time, something positive will occur here and/or with Tyche (TYEG).
Best to all and God Bless on this Sunday!
Many questions yet to be answered. But as only a DVFI holder, I hope that this new partner can help our long term prospects. Always said that I just wanted to have a chance here to succeed. This appears to be another 'chance'. That'll have to do for now!
From all accounts so far (and IF the current DVFI share structure is as they say it is) it may just be that our little crummy company is actually in better position share and asset wise then this new suitor. It sounds like they have a lot more shares outstanding at present. However, if I am reading it right, it appears that together they could make a decent run at success in time.
Hope I'm right!!!
Hope this part is STILL true:
Outstanding Shares (as at December 31, 2006) 383,853,101 common shares
of which 72,787,271 are restricted shares
Joe: That was and is a great find. Right on!
Best of luck!
Penn:
"I am meeting next week with an oil services company in west TX and other prospects are underconsideration. I am in initial discussions with perspective buyers for the lease assets."
Is that west tx company anyone we know?
Best to you!
Thanks for the e-mail Frat! Hoping for many more PR's in the near future!
Best to you!
I say we all take it a step at a time and see where this is all going. My play was dead here for a long, painful time. At least there is hope again. "And remember, hope is a good thing, maybe the best of things."
Thanks for the message yesterday. I was out of posts and could not respond.
Best to you!
Good to meet ya frankie! Hope all shareholders of both companies do well with this and other transactions!
Best to you!
I agree. Can't be worse then dying the long slow death we were doing the past year plus!
Best to you pal!
Damn right pal! It's time to get serious here! I am so glad we hung in to see this through! Thanks Eats and Texasboston!!!
Hope my additional 150,000 shares of TYEG will be worth something more in the future as well!
Best to you Pop!
Figure there is alot more to this story to come... my opinion only!
I've held this long...... I'll hold a lot longer now! eom
Think when value investors put THAT picture together they might want some cheap DVFI shares? Hope so!
Hey Frat! Where's our PR e-mail??? hehehe
Best of luck to all!
Been there, done that cowboy. I got a feeling, in time, this might be different.
(BTW: I got a BIG bathroom!! hehehe Just in case!!)
Hopefully cause us DVFI shareholders now have a crud load more shares!