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.
This response is to all on this board:
Maybe its just me, but if my primary business was in Russia, I would be doing as much travelling as possible. Would you rather hear Sam is sitting in his office? Personally I wish he would stay there til its done one way or the other.
Everyone wants updates, ok, got it. Either there is NO NEWS to report, or Sam is UNABLE to report it at this time. There is no such thing as a "simple update". It is all or nothing baby!
But all the whining about it will not help get news any quicker; that has been proven I would say.
If you are frustrated, join the club. If you dont have the patience, sell your shares. This is a penny stock for a reason. Strat is not Exxon. As with any penny stock, the odds are you WILL lose most or all of your investment. If you did not come in with that expectation, you are the fool. And if you did not or do not call the company on your own, you are an even bigger fool.
Who got you into this stock anyway? Did yo believe something off an internet chat room? If you ran with the rumor mill and put more than $1000 into any stock without doing some checking, then you will get what you deserve....
I doubt Tanail owns any shares. Or if he does, its only a few thousand shares, not worth selling at this point.
Good find.
But until Sam releases something specific about the project, we are stuck in limbo. Hopefully the dilution is done, but I think we will push to the authorized share limit when all is said and done. Think that has already been figured into the current share price however. So, unless SPRL raises the authorized shares, we should stay at the current levels until there is definitive news one way or another...
you guys are all right. now go away. find something productive to do with your time. bye bye.
then please do yourself and all of us a favor and go away
I think he was insulted because no one from the firm making the recommendation has ever contacted him. what basis would they have to make any recommendation on strat? having NO info whatsoever from the company...
makes sense to me. I have been a broker for 17 years. never heard of any research being done to make an analysis of a company without first contacting that company. never, not once.
that may be our biggest hurdle going forward. for those of us who have been in sprl for years, we consider ourselves investors. but the bulk of the holders these days are flippers, owning more shares than we do for half a penny average.... their cost basis is a tenth of ours and they will gladly flip out of their shares well before we get close to our cost basis.
there will have to be huge news to get this stock back up to my cost basis, and more importantly, there will have to be real new "investors" coming in to take out the flippers.
not sure i ever see that happening, but if it does, it will not be for a long time.
more important than outstanding shares might be total shares authorized. as we push closer to that total shares authorized number, that will be the one to watch for a change.... until then, i'm not too worried. think it was 500 MM.
good. one more weak hand gone. and we wont have to read any more posts from banshee22
could be several reasons i guess... maybe:
they couldnt agree on proper release language
they were never paid
conflict of interest
strat initiated the end of the agreement
nothing to report on yet
just a few thoughts
agree there. dont think i believe they ever really owned the stock. maybe a few shares, but certainly no size to be worth mentioning
price will continue in this range until there is some real news. will dip when the flippers give up, and will rise the next time there is some sort of hype.
but nothing will stick until there is some news. there is no reason to buy right now, so I would think the price would dip as well. depends how many weak hands there are as to whether we dip to triples doom digits.... but it would take current shareholders buying the stock to keep the price up...
who gives a crap who oilgeek is? why does anyone pay attention to the guy. all of his posts are the same. he adds no value whatsoever, all if his posts point the same direction. he must have alot of free time on his hands to waste time on an internet site bashing a penny stock. he needs to get a life. and anyone who believes what he says without reading his log of posts is a fool as well.
You missed an email to me velvet. I have been around as long as anyone. Probably down more than most. I was a member of the private board, and I was on the private placement phone call.. anyone on that board would remember....
brrtks@aol.com
Bottom lone is flippers realy should not be in tis stock. It is not the typical pink sheet stock other than the price!!!
There are long term plans and long term goals not normally associated with quick flip pink sheet stocks. Dealing in Russia can not be a short term project.
Am I happy with the share price, no news, no financials? Heck NO! But, I understand that this is not a quick flip situation. It has not been for a couple years!
I am willing to let it run its course and either make money or lose it all. Not the typical pinkie!
For those who dont have the stamina, I would recommend selling. News will not come any quicker from posts on the internet! Thank goodness, or else it would be JCMP!
you got that right! we are far away from a penny, much less .11! there are just too many weak hands for the share price to run. too many flippers who will bail with a nice profit. and the only buyers are current holders.
this could all change with real news. but that news would have to be big enough to enourage new investors with deep pockets to take out the flippers. current shareholders will not be able to absorb more shares at higher prices on the way up.
its all in Sam's hands, like it or not. sink or swim, or maybe float like the last few years...
I was speaking about a 5a 50 year window, not a few years
which is why Russia and other oil producers want to get out as much oil as possible right NOW. and part of that is doing something with all oil assets, including sludge. because when the demand goes away, these oil fields will just sit.... monetize them while they can....IMO
dont think anyone needs to defend velvet. dont think he needs to defend himself even. anyone who relies entirely on what someone else says about a penny stock is a fool. people can choose to believe what is posted here or not. but to do no due diligence on one's own dime is crazy.
enough of that. I figure we will continue to drift within the current range until we hear something from the company one way or another, good or bad. I would be surprised if we dont hit lowere lows going forward if there is no word from the company.
seems the only buying is from current shareholders, not new ones. but then there is no reason for any new investors to jump in right now, is there...
anyone speak with velvet lately?
ok, that makes one prediction correct. where does the share price go now?
how many wrong predictions have been made on this site.
only good predictor was the Russian, or fake Russian, who called the analysis by the group in Russia with the .11 target price...and that did us no good, price went right back down..
and it will this time as well unless we get real news
and maybe the tooth fairy is real.
dilution wont just stop. it will continue until there are real revenues coming in to the coffers. have to pay the bills somehow. keep in mind that the overall O/S is relatively low as compared with other companies on pink sheets.
At least it appears they are only issuing shares at a slow pace instead of opening the spigots!!!
and that is the reason we will have difficulty on the way up. flippers like him. I dont hold it against him, there are just tons of flippers out there like him.
benz--
think everything they worked on during that time fell thru for whatever reasons. Im sure that happens when dealing with Russians. then they switched gears into the sludge area. Hopefully it is not happening again.
BRRTKS
all sam could have done was to better update what was going on and provide financials, either audited or unaudited. and he needed to provide details of the JVs, how much SPRL really represented.
but all of those may have hurt more than helped.... we will never know.
fact is, the stock should have never been above a nickel. there was no justification then, there is none now. it was only hype then, it is reality now.
and many of us are left with alot of shares at a high average. said mine was .04, its actually .034, but at one time it was over ten cents.
no one to blame but myself. Im a big boy.
and I doubt that you will....
agree. and there are shareholders here, me particularly, who have been here for 2+ years... who average out at .04 per share. not .004, but .04
we are the ones he owes answers to, not the ones who have just gotten in and are bitching already...
at this point, I wait and wait. I suppose it will continue drifting lower, but at this point, I cant sell...
but those who think this stock could go back up to penny land in an instant are fooling themselves. there are too many flippers who can triple their money at a penny! And there would have to be deep pockets buying those shares on the way up. maybe they appear in the future, but do not think they exist now. this company is simply off any radar screen...
financials are obviously a thing of the past. non event. not gonna happen. dont know what happened there. we were told they were waiting on a stamp from some association... never happened- was too much money... must have been ugly...
whatever, they could have released unaudited financials.
where are they would be a better question...
I applaud you for adding. I have over 2M shares now, but don't have the confidence to add more at this point. Wait and hold, not selling. But Sam has to give me reason to buy more.
think we will hover here til there is news. but we could still drift lower I suppose...
bingo
I missed that. It was about to pop to a penny?
dont think velvet has been around here in a while, has he?
there is currently no reason for any reputable news wire to cover SPRL. there is nothing to cover. it is still all hype until there is proven news, proven financials.
but that is true with any pink sheet stock. the overall success rate is extremely low for pink sheet stocks.
that is the primary reason I believe any investor in penny stocks has to be prepared for the likelyhooh that they will lose their entire investment. nature of the beast. everyone hopes they have money in the one-in-a-million that actually makes it to the real company level...
risk, reward... all IMO
lol. at least they would be doing something!!!
agree with you there, we will hear about it after the fact.
but you have to look at the entire picture. if Sam does not dilute the OS, he is out of business... Dilution is his primary, if not only, means of staying in business and paying the bills. Hopefully he is using the cash to complete deals and start new ones. Hopefully we will hear something soon.
But we are caught between a rock and a hard place right now. Either you hold on or you bail.... Some may add, but I dont consider that a wise move until there is some news, real news.
Everyone needs to choose for themselves. And anyone who has real money tied up in the company without keeping in contact with the company is an idiot imo.
not yet they are not. he has released other news as well, but only in a timely manner. I respect him for not sending out PRs like JCMP Frank. I still think he is handcuffed about current dealings...
am I frustrated about not seeing news in print? you bet.
am I worried about no financials? yes.
am I running for cover? not yet.
am I adding more shares? no way.
am I confident about SPRL future? not really.
am I willing to still take the risk. yes.
And I still say if you have gripes, pick up the phone and call the company. Get some answers. You will not get them by complaining on an internet site. If that give you some feeling of release, the frustration will not go away, it will come back in days or weeks.
You gripe to a bunch of guys on an internet site? Get real.
Pink sheet stocks are the way they are because of the incredible risk to the investor. Once in a blue moon, one may hit. But generally they move on hype and b.s. rather than anything real.
The fact that management has not acted like JCMP or any of the other b.s. pink sheet stocks should be admirable to someone who has been in the business for 30 years.
If their hands are tied and they cannot release a bunch of fluff, I'm ok with that. If their plans have had to be adapted because of forseen or unforseen events, Im ok with that. But if we had management throwing out blatant lies, that I would not be ok with.
If you have a problem with not being updated about the makeup/results of current JVs, I agree with you. If you have a problem with NO financials EVER, I agree with you.
But you are just flying off in all kinds of directions without base... reverse splits, no news from IR firm, skeptical about the REAL releases about sludge pools, etc....
For a 30 year investor, you dont seem to have the patience for this or any other penny stock. They fail. That's the game. The field of play is all LIES. And so far, I dont see where Sam has lied yet...
Agree there Benz. And will take it one step further. Anyone who invests in a penny stock, real money that is, without contacting the management personally, should have their heads examined.
I could lose my entire investment here, but having spoken with the management team more than a few times, I am comfortable with hanging on.
I have been wrong before, I will be wrong again. Heck I lost over 200K on Boomers pig (Cytomedix) that he and his buddies got me into in 2000.... But Im a big boy and I take my chances.