Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think I need to go to rehab and deal with my hopeopinium addiction GSPE has given me
The way I see it about the shares I bought in the last few days is that I have my cost per share so low now that it wouldn't take much positive movement for me to be okay. I don't personally have a lot of faith that this will happen. But I was already in fairly deep it didn't take much $$$ to get completely in over my head. I know that any positive movement could be just wishful thinking on my part. I am hanging my hope on Seitz is still inserting his money here. I could very well be using my investment in GSPE next tax season.
I am confused as to what is going on here. Seitz is still putting his money behind this venture. Why would he do that if this company was in the death throughs. There might be reasons that make no sense and it's just as simple as this is his boat his creation and he will go down with the ship. Somebody besides me is buying these almost worthless shares. Any theories Tbags or Spec
I think there's a lot of us in that position. I've bought a lot of shares on the cheap. It wouldn't take much for me to be in the plus territory.
I'm insane too. At this price hard to pass up when a persons already invested here. It sure is helping to lower my price per share.
Thanks Spec
Okay I've been gone for a while and not up to speed. I haven't even been watching the price of GSPE for maybe a month. What convention are you referring? to and when and where? And will GulfSlope be there for sure?
When is the next Q report due out? and Spec when do the leases, you have been mentioning come out for bid?
Why are the upcoming lease options relevant to what's going on with GSPE? I can't figure this thing out at times there seems to be smoke but nothing ever becomes of it. Once in a while there's a little movement after the tax sell offs but it seems to me that's just the MMs having their way with the situation.
Dam no movement here at all for two days what gives. I thought there could have been some news after the movement last week. No new information coming from the board just a little family in fighting nothing useful.
Still holding not folding but watching this for the last 7 years has worn me out. I own too much to dump. I could drive the price to zero by myself. I was a true believer I believe if it hadn’t been for Covid we might have something here and still holding out hope. At what point do you fold? And I know everyone has their own opinion and that’s what I after. Have a great night all
Spec you've spent some time in AK to know about the bore tide and the mud
Okay GSPE Peeps. I’m assuming most here are share holders if not all. I have received my ballot to vote on 3 big decisions IMO. board director, whether to approve a reverse split and whether or not to approve the issue of more shares.
I think voting for John is a no brainer right now. I’m a yes on John. What I would really like is other more experienced traders’ opinions on the reverse split. If you’re in favor of the reverse split or not. If you’re in favor of issuing more share or not.
I’m a no on both unless GSPE is going to fold if these two are not done.
What are the thoughts on the ratio of reverse split we are looking at?
I hope you are right
I guess I don’t understand the logic in adding more share. I have been expecting a reverse split for over a year. I have mixed ideas of how the reverse split is going to affect my position. As for GSPE continuing to issue 10-Q reports. I don’t think GSPE had much of a choice in this case. There was information in this release that had to be released at some point. I don’t know the time line on when GSPE would have to have released this info regarding the legality. For the shareholders to vote on board members and reverse splits. We would have to know what, who, and when. I can’t take away anything positive from this release. I’ve lost the little optimism I had.
Can one or more of the more experienced posters here please give me your take on the newest filing
Has something caught your attention that you are checking your news feeds?
stick a fork in it it's done
And then depression set in. This is not good news. This could drag out for another 2 and a half years with no resolution. There’s not a lot of information in there for those of us that have been waiting years.
Thanks for the post that all makes sense. Hopefully it's because someone knows something even though I have given up hope here.
Anyone have any theories on what happened today? Is it the MMs playing around?
It sure feels like it’s over
what it the news on Valaris 144
Can you please share where you are finding the status of the Valaris144?
I’m playing catch up. Did something happened to John or Delek or is this some speculation about johns' age
Really nothing to see here
I sent an email last week no response to my email either.
When does this undisclosed contract go into effect? Is 68 days enough of a time frame for this well?
Is there any chance “undisclosed operator” could be Gulfslope? “Minimum duration of 68 days.”
Thanks for your insight, KktMvn I am holding out hope as well I see no sense in getting out now. I can take my tax loss next years. The next Q report comes out soon maybe some news then.
Thanks for the last two posts. Great information. You have first hand knowledge of GSPE. Do you have an opinion whether Gulfslope will drill Tau again? As time goes on I’m losing optimism where I once had a lot.
How much time do we have left to drill Tau 2 and Corvette?
To quite here today. It seems we are on an endless cycle of price fluctuation of less than a ½ penny
Smith and Spec thanks for weighing in on my post. Spec why do you have the probability at 90%? Is it GSPEs management that gives you this amount of confidence?
Is there a BOOM coming? I’m not that optimistic. We are technically in hurricane season and it only gets worse from here until the end of November. IMO if there is no news in the next few weeks, we are looking at the beginning of next year if GSPE can hang on that long. I don’t remember the exact wording from the quarterly statement that came out May 17th but there was information in that report that the financing may not exist for them to continue and the company could become insolvent without the financing. There doesn’t seem to be any movement here?
Very interesting thanks for that information
MktMvn
Oh but they do have wings hence rotary wing aircraft.
Any rumors from your time on the rig or any information that might not have made it off the rig?
Sure I'd like a peek
Present I’m here to the end as well . I feel exactly the same way no reason to stop believing now.