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Damn... Wishing I didn't buy this shit yesterday.. This is one toxic ass diluter.
White Lion = toxic as hell.
And, company doesn't even put out real news after giving the ok for this kind of dilution?
Barely even getting anything out of it. Makes no sense...
wow... This looks way overdone, way too fast, and very forced...
yesterday there was no spread... if the bid was at 1.10 then the ask was at 1.10... doesn't make any sense except order flow manipulation and/or shadowing trades..
Anyone have option flow? There is $100M White Lion November 2022 SPA. But damn.. Wouldn't think the diluter would want to kill the company. Im wondering if someone is under-water in puts or something. But, I do not have the ability to look at option flow. On TDA calls are now able to be purchased for me. Yesterday the bid/ask on calls was 0 all day long.
Thinking about loading the boat here, but this selling looks endless. Would think this diluter would want to bounce it at some point. Wouldn't make any sense for them to grind this down to new 52 week lows.
Wonder why LMT has invested here?
https://www.marketbeat.com/stocks/NASDAQ/TMPO/institutional-ownership/
Actual revs maybe? I dunno.. Every single day this creates more bag holders... Every single pop gets sold into heavily by people bailing...
Been looking at it for quite sometime. It just keeps getting sadder and sadder. The market does not want this company to succeed...
A green day???? This is quite unusual...
Too many past bagholders still in this, at least thats what it looks like to me...
Not to mention all the brokers have blatantly misreported information on this ticker... That never bodes well.
Actual:
81.77 million shares outstanding
960 mill market cap right now
Yahoo and TDA report around 200 M market cap
and around 14.75 million shares OS...
I have this currently sitting below the 2023 up trending support. Looks like a make or break it moment. Wonder if we will go down to test that 88-89 range level that stood as strong resistance for so long...
Well I was just looking up a link to a "merge" and found something i hadn't read yet. Learn something new everyday.
"In July, 2019, Keen merged with Ecovent. Ecovent had similar technology but aimed its sales focus to the construction and HVAC industries."
https://www.sharktankblog.com/business/keen-home/
I guess I had it backwards. KEEN merged into Ecovent? I dunno, tax paper work has my brain just about maxed out for the day...
At this point. I don't mind waiting.
Right before the engineered SVB bank run, the market was like watching paint dry. There were multiple liquidity warnings such as the Volmagedon 2. I have no problem with Andreas getting the ducks in a row, but any attempt at value creation will probably not materialize.
Just think about if for a minute...
They sucked much of the money out of the economy. Then the market bounced from 500+ billion dollars being injected back into the economy (which supposedly ends April 30th). Now that the wealthy have been backstopped from any real risk, we enter the wealth accumulation phase. This is where wealthy individuals, corporations, and/or institutions participate in predatory market practices to steal value from distressed companies for pennies on the dollar... This is NOT favorable to OTC companies.
They're trying to line this phase up perfectly with the beginning of the election cycle... This way, we are all too distracted by some political BS to notice... This is all typical market cyclicality considering there's no flash crash.
Sorry if this post seems cynical, but its just the way the aristocratic cookie crumbles... It is what it is.
Andreas may be better off waiting for rate cuts to happen before any attempt at value creation.
Someone, correct me if I'm wrong, but isn't EcoVents owned by KEEN home now?
Im broke... but call me interested in this. I have usually stayed away from UK stocks. Where is the avenue for information here?
The setup actually looks very nice. If I had extra money the TA alone would have me in this already. If you could save me some brain power and link what the UK regulatory body is I would much appreciate it.
Well, I do not know. This is why I await a filing on the debt arrangement. From what I can see, AMIH already held a considerable amount of debt. Mike did NOT bring with him near as much debt as what exists on the AMIH filings. This is where clarity is lacking for me.
Dilution into the trips will not bring much debt relief. It only loads the lenders with hundreds of millions of shares that usually become rather illiquid. Believe it or not, but lenders do not want this to happen. Reverse splits hurt them too.
I am new here (to AMIH) but it appears Cohen bloated this thing up and was to scared to raise the AS himself and satisfy his obligations. It's up to Mike to save this ticker. I assume he has a plan.
They always hit this thing so hard... Never really let it breathe... what you think it could be? Coordinated effort from big Pharma? Just pump and dumps? Because its Israeli?
As far as micro-cap biotech goes it seems to have a lot going for it. But no move ever materializes...
I don't get it...
What am I missing?
LMAO... So they want us to believe some paid $6.95 in commisions to sell .66 cents worth... yyyeaaaa... Market makers got jokes...
the entire OTC looks ugly right now.
Prop it up baby prop it up!!!
As of march 2023 debt is higher than cash on hand. Have not seen this in quite some time. Check the long term debt, it almost doubled from previous quarter. Retained earnings have been on the decline past two quarters and will most likely continue. Looks like a valuation pump based on plant construction revenue needs rather than fundamentals.
https://www.sec.gov/Archives/edgar/data/723125/000072312523000022/mu-20230302.htm
Combine that with the fact that ETH is no longer POW. The demand will probably not see 2020-2022 levels for quite some time. Everything the in the report that they are pushing this up with, has more arguments against than for this analyst's thesis.
Yes, Samsung cuts are good but this is just a slightly less bad story than an actual good one.
I like micron, but after this run I, still think this is going lower...
They're selling delusion hard on this one...
Looks like they're tryin hard to push this into trips. Every position here is underwater. Makes no sense to sell it now.
We gonna break 1$ this downtrend? Looking scary...
I closed out.. The way these candles are being consistently painted at their close makes me think this move in AMD and MU is a pump to dump more shares...
TSM first revenue decline in years and AMD doesn't care...
China running military drills around Taiwan and AMD doesn't care...
I guess micron and Samsung memory demand declines don't matter either...
Would've never guessed this move today. Crazy markets....
Dunno what that premarket action was. TDA app showed 3$ spread bouncing back and forth between bid and ask trade per trade for almost 10 minutes... TOS didn't show any of that price action.
Got the relief needed to continue upward and test that gap. If it closes below 285 I don't see it happening.. I guess we will see.
I have no idea. With inflation what it is, it's probably still very high. You can find cost per ft estimates out there, but I don't know how accurate they are. Every well is different.
Last time I spoke to my old employer whom is a compilation of machine shops, he stated steel prices were going down at that time, but carbide was still headed upward.. So take from that what you will...
Im not disagreeing with any of this. You can be defensive all you want. None of what is presented on the TX website has any clarity to AMIH's already existing debt and and the debt that came with it. Which is what shareholders need to take into consideration. The information on the TX RRC website is not a company filing. It is just part of the story...
It is very possible that deepening current wells can result in more oil production to an extent. It's not uncommon and the fact this has yet to happen on Cycle's leases is optimistic IMO. And like everything with Oil and Gas does require a bit of luck. They're in a good spot! Take a look at the map.
https://www.eia.gov/oil_gas/rpd/northamer_gas.pdf
This is why the "cost of production" numbers that have yet to be provided will be important. I did not state that everything requires dilution. I stated that expanding at this time is a red flag. To continue expansion right now before you even know what the current leases can produce is just bad business practice. I would feel different if the current leases have been tapped out and re-worked to their max.
I like that there's revenue. And I understand that netting any profit will take time as the shut-ins continue to get re-worked/capped. I understand that to reach full potential at these leases, there may need to be dilution.
I do not have any hard feelings toward Mike. I stayed in XFLS because the dilution was not as extreme like it was in many other OTC. I cannot even list how many companies I have seen go from 2-300M to 7 Billion OS in just a few months... Mike may not have diluted to this extent, but you gotta admit he did burn XFLS shareholders. He has a history of late filings. He's horrible at communicating. What's going on with all the equipment supposedly purchased under XFLS? What's going on with the debt arrangement? You'll have to forgive me if my notion here is to "proceed with caution."
If cycle keeps its head down and re-works the current leases, while keeping filings up to date without late notices, and the twitter numbers match the filing numbers. Then yea, I will probably take an interest here... If there is an 'expansion' PR upcoming prior to any real numbers being produced via filings... Well, I will be running away at a fast pace...
Only time will give you the answers to these questions.
I can say that this CEO seems to prefer instant cash infusions from lenders. This gives him immediate cash to run operations while the lenders sell shares overtime to recoup their money. I do not know what the financials of AMIH were prior to cycle acquisition, but the toxic lenders of XFLS were brought here along with Mike. I would say immediate expansion IMO would be a red flag to me. Immediate expansion would not be typical of small operators in this geographical area as this would mean more work-overs would be contracted out. Contracting out is more expensive and would ultimately lead to more dilution IMO...
You are correct in thinking there are endless wells to be purchased and re-worked in this region. Simple answer is that there are, but this is also an area of high competition. Most of my family lives around this area and almost half of them are involved in the Oil & Gas industry.
About a decade ago, a crew of about 30 Mexicans whom claimed they didn't speak English, trotted across thousands of acres of cattle land being operated by my grandfather and uncle.. They set up miles upon miles of extension cords and sensors to send seismic pulses throughout the ground and take readings. They did not get permission to do this, even on the land where my family owned mineral rights... My grandfather passed a couples years back and still never got an answer about this. (this was southern OK and northern TX, and they cost him tens of thousands in injured cattle and downed fence)
My point is, that this area has already been ravaged by the big outfits. They know what's there already, and maintain the profitable areas via companies such as Halliburton. Smaller operators have been able to purchase leases that are still profitable, but these are not being sold regularly. As far as AMIH goes, they are a "tiny" operator. Acquiring highly profitable leases will not be easy.
I would prefer to see Mike continue with his current leases. If these could get daily production up to around the 50 barrel mark, then I would have to assess how many wells this production is being spread across... Once 50bbl/day gets achieved it comes down to the "cost of production" numbers...
A profitable business here is definitely achievable. But fighting for scraps comes down to efficiency...
Well As we await a filing here..
AMIH just got the OS increase we all knew was coming.
https://www.otcmarkets.com/filing/html?id=16551623&guid=e7m-knRCUJlDV3h
It's a premature thought, but if Mike took the convertible debt from XFLS with him to AMIH and the OS was updated this week to reflect the deletion of Mike's shares... Can we assume that the current Share Structure is here to stay? As our CEO lives in Canada and I see nothing to state the CTO has been removed. So the only liability we have is the loan from Mike. Considering XFLS sold its interest in Cycle Energy to Marble Trital, would this not satisfy much of the debt we owe to Mike?
"Mr. McLaren then presented to the board a demand letter for his outstanding secured loan of $1,674,096.07 plus daily default interest."
https://www.otcmarkets.com/stock/XFLS/news/Xfuels-announces-Shareholder-update-on-February-Board-Meeting?id=392495
"Xfuels Inc. (OTC PINK: XFLS) is pleased to report that it has sold its interest in Cycle Oil & Gas Ltd.(Alberta) for the sum of One Million Five hundred thousand ($C1,500,000) dollars."
https://www.otcmarkets.com/stock/XFLS/news/Xfuels-sells-interest-in-Cycle-Oil--Gas-Ltd?id=384286
So if these mostly cancel each other out... Are we not a clean 'nearly' debt free shell?
This looks much better to me than the Mammoth and Union Dumpster fire that took itself over to AMIH.
Cycle may have revenue, but stripper wells don't produce forever... And the only people I've known to make millions on stripper wells, actually did the work themselves. I don't see Mike gettin his hands dirty... So, the profitability will always get dragged down by the "overhead" that is Mike... To be honest I think XFLS got the better deal here.
Its all speculation until filings hit... But, I have always liked clean shells. I wonder what Roussous has planned.
Skeptical of this move today...
So, since I think its bullshit... that means it will probably go up 10% or more on pure vapor.
Don't forget this CFO has already issued a deceleration warning on last earnings forecast.
And, are they even charging for Chatgpt? Hard to believe there's justification for this move if they are not currently monetizing their AI...
The ASC filing state that him and his family will have to "cancel" the shares they own. The only other time I have seen this happen the shares just get removed by the transfer agent under the guidance of the regulatory body. This is how I have seen it happen with other OTC within the US. I would think that Canada would do things in a similar matter.
The question you should be asking is "if" they even had shares to begin with as of the date of this filing. Also, even though Mike took the Mammoth and Union Financial debt with him, that doesn't take into consideration the shares these companies already own.
Either way we should be happy that the debt goes with him, as I had the SS ballooning to around 1.2 billion considering they still get the 50% discount.
However, none of this matters until we get a filing. It is all speculation until Andreas reports a filing. For all we know even more shares could have been issued to Mammoth and Union before Mike's departure.
This is the OTC, none of this is uncommon. It is always a mess. It's by design.
I will wait to see what Andreas brings. If it goes gray it goes gray. I have made the most money from grays. High risk high reward. I was down 20grand here before it went up and made six figures. It's just how the otc works. I usually miss out massively because I sell too early, this time I didn't sell enough. It is what it is.
Not to mention Mike took Mammoth Financial and Michael Brierley debt with him...
"Mr. Iggulden motioned for permission to enter into an agreement with Cycle Energy Corp. a Texas corporation to assume the debts of Mammoth Corp. and Michael Brierley in exchange for the technologies developed by Cycle, Xfuels and McLaren and the motion was granted. "
https://www.otcmarkets.com/stock/XFLS/news/Xfuels-announces-Shareholder-update-on-February-Board-Meeting?id=392495
At least this is how I read it. Maybe I am reading this wrong. But I don't think so.
Think it looks like Mike found himself another dilution factory... With a cease trade order on xfls and recent ASC action against him, looks like he found his way into the US.
Cycle does have producing wells. But they are all re-opened shut-ins. Considering the production of these wells is fairly low, I wonder if they generate enough value to cover the electricity to run the pump motors... Much less continued maintenance and EPA well capping requirements.
He was successful in taking xfls from .003 to .09... So I can give him that... but the xfls SS started at around 90million... it now stands at 500million... so take from that what you will...
What platform are you using to get the dark pool prints?
It's good to be wrong sometimes. Anyone having a link on ASC? The one I searched the ASC website and found is not working for me....
Yup. Thats pretty much my point. I really don't see him stepping down. Not gonna lie, it may be what's best for the company, but I just don't see it happening.
Let's be honest here... I keep seeing/hearing calls for Mike to step down. But, does anybody actually think he will?
Missed this today. Anyone have a catalyst or was this just short covering?
Agreed! T'was a good day. Keep it that way!
Your doin a good job!!!!
Lovin to see this movement!
I hate foldable campers, but I like me some $XPON!