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A little over the top. Digital Clarity is a top notch 7 figure revenue producing business for us. Our "disruptive" technology has not evolved as fast as some would have liked but our core business continues to grow and is where new (and current investors) really need to DD. It's still like some investors think we're a company with no revenues. How many penny stocks trading under a penny have 7 figure revenue? We're so undervalued right now. We could easily be .06 to .08. I still think that will happen when we least expect. Hopefully all the sellers will be long gone and will lose out!
Haven't been following this much since I sold all my shares on the huge spike at the end of last year but I always thought that Quinton was a huge part of EVOGF. Hard to believe it's down 70% since then. Hope those still hanging around get some return down the road. GL!
I guess another positive is that they could have easily sold this equipment on the open market but instead they decided to buy into ADNY's vision. Let's hope they're in this for the long term and that we have many more positive developments in the coming months and beyond! It wouldn't take much to get a nice run going in the next couple Q's.
So if I read this right, in the initial 1.5M purchase, Ashton was given 100K of Series B preferred shares and when the detail completes for the remaining 4.5M of assets, they will be issued another 300K of series B preferred shares. These are convertible at a 100-1 ratio (of common shares) so that eventually would be 40M shares. Nothing can convert for 6 months and then 25% can be converted with 12.5% each month after that.
We better get cranking now or all these shares will eventually kill us. Thoughts?
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8237750-1268-11529&type=sect&dcn=0001144204-11-063229
Nice DD there hat12trick!
I don't think it's flippers but either way, eventually he'll run out of shares.
Still a few sellers. I still think it's one big seller but whatever. They will lose in the end.
Latest CFO blog from 11/12th
http://mcadams-energyfinance.blogspot.com/
In case some haven't reviewed the latest Q:
Revenues continue to increase with more oil/gas revenue in the last quarter than the previous two combined. Well on pace to be another 2M+ revenue year. Still have some serious work to go to become profitable but maybe our growing oil/gas revenue will take us there with time. At least the SS is still solid with only 122M shares outstanding. Only 1M increase from last Q and those were to the company's employees and directors.
http://sec.gov/Archives/edgar/data/700815/000114420411063239/v239790_10q.htm
I'm still adding. Selling? Are you kidding? No way!
Another excellent post. With Reggie at the helm, anything is possible. He's on the cutting edge if not ahead of it. That's just what we need!
Picked up a few more shares today. Like taking candy from a baby! Way too much potential with RTGV. People really need to start paying attention to Digital Clarity and what we already have. We're just so ridiculously undervalued.
Our SS has always been very solid and with solid revenues every Q from our fuel terminal combined with growing revenue from our oil wells, our valuation will just get better. We finally have some light at the end of the tunnel. A different business plan than I originally bought into but one that may just work quite well.
For us long time shareholders, it's a sight for sore eyes. C'mon ADNY! No doubt ADNY has some huge potential with a steady revenue stream from its fuel terminal and now some oil revenue.
I love that 100 share tap at the bid. Oh no, there's not any manipulation here! Sorry buster, it's not going to work. The game playing will end shortly and RTGV will leave this arena behind.
I believe we are in the best possible hands now. Reggie knows this business like no other and I fully believe that we will see some amazing developments and growth in the coming months.
Tuesday, November 1, 2011
CFO Blog: 11-01-2011
All,
Things are progressing on our 4Q11 drilling program. After analyzing the open-hole log on Leonard #4 we perforated yesterday. This morning we swabbed the well (essentially cleaned drilling and completion fluids and solids from the wellbore) and installed production equipment. We'll hook up the power tomorrow morning and begin testing. As a reminder, it could be as long as two weeks before we have a good test on the well. We'll establish a baseline production level then make some treatment/stimulation decisions. I'll get the info out as soon as we're comfortable with it.
We spudded in the second well in the program this morning, the Felix Brandt #12. We made good progress today and should be at the casing point by the weekend. Again, I'll keep you informed of our progress.
I hope everyone finds these updates useful. We won't have huge announcements like a new drilling program every week*, but I'm trying to keep you informed on the day-to-day work that we're doing to build our E&P business. It's not sensational, but this is the kind of work that's required to create real value. Over time I believe the market will recognize it.
(*Nobody does unless they're wildly sensationalizing relatively meaningless developments, but that's a whole different discussion)
Best,
Shannon McAdams
Santa Anna, TX
PS: This is a great article, take a few minutes to read it -
The Energy Revolution That Keeps Carbon on Top: Nathan Myhrvold - Businessweek:
-SM
http://mcadams-energyfinance.blogspot.com/
Actually it'll be the annual 10K.
Unbelievable! I see the old RXPC CEO (firesupport) is now posting again but not on his old company but he's become a penny player on I-hub. How's that drug thing going Peter???
I'm of the same mindset. And as usually happens in I-hub land, the impatient sell, we have a capitulation and then we take off. We just have way too much potential on top of what we already have. We have significant revenue already just from Digital Clarity and now with Reggie at the helm, I feel even more strongly that we'll see some amazing developments in the coming months. I said from the start that this was a 3-5 year investment for me. Well, I'm a little over a year into this. I look forward to some excellent growth over the next 6-12 months along with some very interesting disruptive technology. Planning on adding more shares very soon!
Great find and it shows the huge possibilities that Digital Clarity (and thus RTG Ventures) possesses. Reggie's blog is spot on!
Good to see ya around!
I did see that promo stuff and read through it. I still hate paying stock (10.75M restricted shares)for that flash. It reminds me of walking through a circus and having every sleezy guy telling you to come on over and take your chance. C'mon it's easy. C'mon what do you have to lose.
I'd rather just lay out the plan in a more professional manner, put a lot more info the the website, keep us more updated and realize some of us have been here a long time! The story can be told a lot better!
I doubt it...LOL!
I remember being in one very similar to this a couple years ago and just when out of the blue it jumped from .02 to .16 on crazy volume. We'll probably have that day or period here to at some point.
This is the money you use trying to find that potential 50 to 100 bagger. Save your real money for your 401K, etc. Are chances here are still huge and there's no reason to leave. Not even close!
Good to see you around! Just hanging out and waiting for the eventual explosion. Take care!
Yes, that makes it a lot more interesting and hopeful.
Hopefully that's coming. It wouldn't take much for this to have a nice pop if more investors hear the story. Certainly 3 pennies seems rather ridiculous for a revenue producing oil and gas company with a 500K/Q fuel terminal.
Good riddance! It'll make the turn around that more explosive. Still holding all my shares.
I agree they could do MUCH better in telling their story. How many people actually realize we had a net profit last Q? Or that we've had about a million in revs from the last two Q's. There remains potential here but we need better communication and a sense that they realize they're a public company with shareholders money on the line!
ADNY has had revenue since the start with the terminal (about 500K per Q) and now they're obviously transitioning into producing oil. Don't forget they also have the Coats lease in Runnels County. I assume that's still in play. We had over 90K in oil revs from the quarter that ended in June so it is starting to add up.
Maybe now Digital Clarity and Reggie will get the attention I've felt was lacking. There is already a lot behind RTGV and now it's just going to get better and better! Go get 'em Reggie!!!
I'm not a fan of this kind of marketing because it may bring a temporary spike but I'm not convinced it brings in "real" investors. Action from ADNY is the only thing that will work imo. They need to keep us informed, bust their butt and start getting us some shareholder value. Some of us have been here a long time and still hold all our shares at a much higher price!
That's why I prefer to read the filings and wait for the PR's and follow our progress that way. I'm more in a quarter by quarter mode rather than the day by day mode. The next few Q's (and of course or upcoming K) should get better and better. Looking for many exciting announcements over the next 3-6 months and beyond.
We'll be a lot higher than that soon enough! I'd much rather let the Q's and K's speak for themselves over time! And I believe they will. Maybe not as fast for the Ihub crowd but as a long term investment for me, I still we'll all be very happy down the road.
Maybe some shareholder communication is coming. One could hope...
Since it is the 10K, it won't arrive until November 30th (up to 90 days after the end of the quarter which was August 31st).
Adino are you still out there? Sure could use an update for your loyal shareholders. Still holding all my shares.
Now that makes a lot of sense. Getting rid of that overhead moving forward will help a lot. Combine our upcoming developments with that news and longs that are holding strong should make for some interesting months ahead. Thanks for your insight!
No big shareholder will admit to selling (and hopefully they haven't been) and no principal is selling (per the filings) and BF says they believe in the company and is not selling, so where are all the shares coming from? Maybe it is just shares for services over time that keep showing up and with our volume it doesn't take much. Just seems like a little more than that. I guess the positive to take from all this is that significant news should give this a huge pop!
I still like what we're doing and even though it's taking longer than some expected, our potential remains huge! I'm certainly not going anywhere anytime soon!!
If that's the case, then that is great news! But it makes me wonder where in the world those millions of shares have come from in the past several months??? It's not from our current principals as we can track those.