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You guys are living in a fantasy land.It will be a miracle if this pos ever gets back to .03.Worst management in history.
They continue to sell shares without any regard whatsoever to the shareholders.I predict the o/s will hot the maximum 400,000,000 shares by April.By then Catherine should be on to her next venture.
Matrixx Resource Holdings Inc (BB: MXXR)
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By: stockpirate-here
16 Dec 2006, 08:32 AM EST
Msg. 8856 of 8857
Jump to msg. #
Well I am glad I wasn't buying back in yet, as I stated when the selling was heavy, it was MHO that the company was selling into the PR's and it would not move up until they stopped.
Well they haven't, and it doesn't bode well for the Well they claimed they have recently drilled.
My guess is if it were true or positive they would not have sold so many shares into the PR's, but sold a little as it went up.
But they couldn't even let it get to 2 cents before they hammered it.
I do not expect any news from them this week or even by the end of the year, but my guess is from Friday's selling that they haven't finished selling yet.
My guess is this drilling was nothing more than the PR saying they were going to start drilling in ttwo weeks and then we haeard nothing from them for a month, but there was heavy selling into the phony PR.
Management here has ZERO credibility and are basically dishonest, IMHO, thi sgoes o all of them.
Of course they return no one's calls or answer any emails.
I think someone at the company contacted me a week or so ago pretending to be an investor and letting me know that PR's were on the way, since asking him if he worked for the company he stated no, but I pretty much haven't heard back from this person since.
.
You are extremely optomistic for someone who is currently down in the neighborhood of $150,000 with this company.Please give some of what you are smoking.
Why does the website still say 104,000,000 shares outstanding?
Sub penny anyone?
I wonder if this is the real Kel,the one who caused all the commotion when he bailed:
Hi everyone-KEL104852 here,
I thought I would stop by and see how this stock is doing since I got out and if I should get back in. After doing some research on their sec filings I noticed two things that I consider important-1=they continue to dilute the stock (not in itself important, but not disclosing it on their website is) 2= there is a 28% override on the Buck-Snag field. not good!
For those that don't know what an override is let me explain. An oil well is paid out in two parts, an overriding royalty and a working interest. The overriding royalty is paid first and is free of any well costs. A working interest is the remainder of the revenue minus all well costs. Example in this case= 100 bbls of oil from production= 28 bbls belong to the entity owning the override and the other 72 bbls are considered 100% working interest and belong to the parties holding the working interest (these parties are responsible for all costs associated with the well including drilling, production and distribution.
From my experience I would say that normally an override would be 12.5% and in the Buck-Snag field MXXR owns a 42% WORKING INTEREST or in the above example would be only 30.24 bbls not 42 bbls as some on this board suggest. Gas wells are figured the same way. This is my own DD and you should always do your own and only use message boards as a stepping stone to factual information such as SEC reports and company postings. I wish you all the best.
Stupid people? Gamblers?
Its hard for the stock to move when they are selling shares like theres no tommorrow.It almost seems like they are in a race to see how quickly they can dump the entire 400,000,000.
Hey you illiterate putz im not the first to give back profit,i wont be the last.Comparing bank accounts is like 2 kids comparing who has the bigger shlong.
Dont worry about me my wife and I will get by just fine on roughly 225,000 a year between the two of us.Thats a small fortune in central Fl.
You are the loser,i think its incredibly obvious.
Since you seem so interested in my life I will try and answer some of your qusetions.
I am in the advertising business.I have a life,a very good one.
Anything else your curious about?
One again your missing my point.Im not angry at anyone.I just find it humorous that Howard Haftel thinks Kraigger and Bmiles are the second coming of Warren Buffett.LMAO!!
I will take you more seriously when you learn to read and write the Enlish language properly.
Because I believe you are a pumping idiot.Im just not going to blame you for any decisions I made on this stock.
Please do not deny you are a shameless pumper.There is way too much evidence with mxxr,vtye and im sure many other stocks.
Howard,it appears you are going to need surgery to remove your lips from bmiles posterior.
Howard,why dont you stat a Bmiles fan club."The best deserves compliments"!!!!!!!!!!!!!!!! The best at what exactly?????????
Your blatant worship of bmiles and kraigger is disgusting.
Brad,I have more than made up for my loss,its old news.I dont blame anyone except myself.This isnt about that.I find it humorous how Howard Haftel puts the two of you on a pedestal.
Its another pos penny stock trading close to ZERO! You make these 2 pumper idiots look like something their not.Quite frankly you make me sick.
You must think Kraigger is God or something the way you follow him blindly.
Interesting,thats double the amount of shares outstanding that it says on their website.Its a good thing management is on the ball.
From a respected poster on Raging bull:
By: stockpirate-here
09 Dec 2006, 10:03 AM EST
Msg. 8798 of 8799
Jump to msg. #
ith the phony PR about drilling to begin mid-November and the heavy selling into that move, and now with these PR's concerning this well and the HEAVY selling at low prices, here is what I think.
The company is dumping huge amount of shares without any regard of the stockholders.
They know that some here play the bounce to 2.5 cents so they are not going to let it get there, IMHO.
They have added a huge amount of shres to the pool in just the last several months, if they really wanted to increase investor values here drilling on Cloverlly would begin sooner, not later.
The first well at Buck Snag was closed due to a water problem but they have not taken any time to fix the problem and get it producing.
They told us three wells were to be drilled one after the other at Buck Snag, but no mention of the other two wells and these PR's, which amkes me think they do not plan on drilling and that this is antoher pump.
They have lied several times to investors in PR's and failed to deliver, the heavy selling indicates mor eof the same here.
Money Flow the last several days is down due to heavy selling.
Right now they have two wells that have been drilled and one is loaded with oil and gas but they plugged it, not a good sign becasue at some point they could sell that to friends at a loss to the company and then they could be cut in for a piece of the profits. JMHO.
Same is true for the first gas well at Buck Snag.
even though the prices now on the stock is good, I would wait and make them stop selling into the move and prove themselves about the wells at Buck Snag. The last PR was a POS, imho, as it said almost nothing.
And I expect the next one to be just as bad.
I do not think they are too stupid to know how to do this better, I think it is worst than that.
NOW I SAY SHOW ME, and stop the BS, and the selling
I was just surprised that the guy responded at all.Your right,i cant fault him for that.
What boggles my mind is when he said he forward my request and that he agreed with me that it should have been done already.
WHY DOES KONSTANTINE ,WHATEVER HIS NAME IS NEED ME TO REMIND HIM TO REMIND KATHERINE TO PUT THE CORRECT AMOUNT OF SHARES ON THE WEBSITE???????
The o/s has been more than 104,000,000 for months.Why does the website still say 104,000,000??? Anyone?
Wrong.Your missing my point.Something extremely simple like posting the coorect amount of shares on the website should not be difficult.Yet they refuse to do it.
Response:lmao!
Dear Sir,
I have forwarded your request for updating the website to management– I agree it is overdue.
As for the dilution issue, it is something the company has stated in its filings. It is a common method of acquiring these properties, as well as paying for operations. I do not believe you are in this business; therefore kindly understand that this is most likely the only manner Matrixx has in raising capital as a penny stock and keeping control of the company. I do not believe I have to tell you that very few people take penny stocks seriously, and for that matter, they cannot always be blamed. Liquidating or diluting its stock is generally not what most companies want to do. Most often, management as in this case has no other option besides leveraging the only assets the company has – its shares!
So, with this in mind, kindly consider the following, that Matrixx shares are worthless without these projects hitting and producing, and yet the operators are accepting it! Seems to me that they and Matrixx must believe in something! Given today’s press release, I would agree.
Now I can accept your frustration, and to a point your passion, but in future kindly do not refer to me or management as morons otherwise your future requests will go unanswered. I would never abuse you and I should expect the same.
Sincerely,
Konstantine Tsakumis
ir@mrhi.net
www.mrhi.net
"I will forward your reqest to update the website,it should have been done months ago"This guy in this email confirms in writing that mangemnet is inept.
This is very funny! If you were the owner of a company and I sent you this message,how many of you would even bother responding?
Sent: December 8, 2006 10:52 AM
To: ir@mrhi.net
Subject: WHEN ARE YOU MORONS GOING TO LIST THE CORRECT AMOUNT OF
SHARES ON THE WEBSITE? EVERYONE KNOWS YOU ARE DILUTING THE CRAP OUT OF THIS STOCK..I WOULD VENTURE TO GUESS THAT THE OUTSTANDING SHARES IS OVER 200,000,000 BY NOW
I did get a response to this which is quite comical and makes me very happy that I no longer own any shares of thi stock.
Charlie,with alll due respect,How can you make that statement? You already lost a 100,000 with this compnay.What exactly have they done over the last 6 months to eran your confidence?
You are living in a fantasy world.This company is lucky it hasnt folded yet.I was naive like you,thought I was going to pay for my new home with cash.
I dont know what the o/s is but by now im sure its over 200,000,000.
Beside that they keep putting out lame pr after lame pr.They appear to have no clue what they are doing.
Ah...memories.
OTC BB | Oil/Gas/Natural Energy Production | Matrixx Resource Holdings, Inc. (MXXR) MXXR Quote/Level II - News - Quote - Chart
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Posted by: BMiles
In reply to: None Date:8/24/2006 3:39:33 PM
Post #of 3869
MXXR DD #1 For Newcomers
MXXR has a 5% interest in a well that is currently being drilled as we speak. They expect to prove reserves of 11 million barrels of oil from an historically proven territory referred to as the Clovelly Field. From this link you will see the Clovelly Field has been producing oil and gas for many years. http://www.cgrpttc.lsu.edu/lainfo/prodfld/ (Scroll Down and select Clovelly) Highly unlikely they won't find a payout in my opinion.
The O/S on this stock right now is 104,721,648. As many of you may be aware, the SEC does not allow a company to record reserves as an asset on their financial's until it has been proven. It does not matter what type of technology you use to show there is oil under an area of land, it is not considered proven until you have drilled the property and have proven a plan of recovery of the oil.
Now for the fun part -
11 million barrels x $70 a barrel = $770,000,000
$770,000,000 x 5% interest = $38,500,000
$38,500,000 / 104,721,648 shares outstanding = asset book value of 37 cents a share.
Now for real book value:
Asset from new well if proved = $38,500,000
$38,500,000 + $1,825,000 assets currently reported in most recent filing = $40,325,000
$40,325,000 - $612,000 in total liabilities reported on last SEC filing = $39,713,000 Total Stock Holder Equity
$39,713,000 Total Stock Holder Equity / 104,721,648 Shares Outstanding = .38 cents Book Value.
If they do hit recoverable oil, the book value of the stock should jump to 38 cents a share. Now when we consider that oil stocks are currently trading two - three times book value, we could theoretically see the stock trading to as high as $.76 - $1.14 in a very short period of time. That would generate one heck of a return for a stock currently trading at 6 cents a share. Now I am not speculating the stock will ever trade to $1.14 but I have however proven it to be a real possibility if they do prove oil with the current drilling program.
Considering today’s technology used to identify oil reserves, the chance of not finding oil in this already proven area have been significantly reduced as opposed to several years back. In my opinion. I believe it is highly likely the Drill Rig will discover what VNBL and the JV’s are anticipating. I don't seem to be the only one expecting to see value added to this stock, let’s take a look at the CFO / CEO trading action.
Catherine Thompson is the CFO / CEO of MXXR, below I have outlined her trading pattern and dates. The obvious here is that if anyone is going to know where the stock price is going to go, it is going to be the CFO / CEO.
Lets first point out that Catherine was selling her holding of stock in this company as late as October of 2004. Obviously she knew what she was doing as the stock has done nothing but head straight down ever since.
Catherine seems to now have a change of heart as to the direction she believes the stock will be trading as shown by the shares she has recently taken on with no SEC filings indicating she has sold a single share since October 2004.
Stock Transactions:
7/1/2005 - 700,000 Shares at 10 cents
2/6/2006 - 1,166,667 Shares at 3 cents
2/9/2006 - 55,000 Shares at 3 cents
3/31/2006 - 897,462 Shares at 1.3 cents
4/25/2006 - 618,519 Shares at 1.35 cents
5/4/2006 - 1,041,464 Shares at 1.12 cents
Catherine has quite a large position of stock in this company and as I stated, she has not been selling but taking on even more shares. My guess is that the reasoning behind her taking on all these shares revolves around what she anticipates the value of the stock to be once it can realize the Clovelly South Prospect reserves in its financial filings. This is just a hunch but if the reason for holding all these shares is not because of the Clovelly South Prospect then it must be because of something else she is in the know about. It only makes sense that Catherine has a much better insight as to which direction this stock is going to trade in the near future than I do for obvious inside reasons.
I do not claim to be an expert on fundamentals but I do believe this DD summary to be fully factual and accurate to the best of my knowledge. All of this information has been generated directly from recent PR’s and most importantly the SEC filings. If anyone has any question or needs me to go into greater detail, don't hesitate to ask. I believe this stock to present the home run possibilities everyone hopes to be a part of and I wish everyone the best of luck.
Brad
The info and DD I provide is accurate and factual to the best of my knowledge but still I am human and you should always do your own DD.
Benjamin Franklin once said -
"I am a strong believer in luck and I find the harder I work the more I have of it."
Kraigger,when you say "my ideal of day trading is 12 vacations a year"what exactly is that supposed to mean? Did you mean to say "My idea of day trading is 12 vacations a year"?
Charlie,You seem like a nice guy.However,i have come to the conlusion that you are either
a)Insane
b)Extremely naive(especially since you say you already lost 100,000 with this company)
c)You are extremely well off and the 4.5 million shares is just a drop in the bucket to you so it doesnt matter what happens to the stock.
"Remember,remember the 5TH OF NOVEMBER,the gunpowder treason and plot.I can think of no reason why the gunpowder treason should ever be forgot"
If you havent seen V FOR VENDETTA.....RENT IT IMMEDITAELY!!!
Brilliant,scary thought provoking movie.Republicans will probably hate it.The Wachowski brothers are freakin geniuses.
Howard,i would suggest that you keep your stock picks to yourself and not involve any family members.This way the only one you hurt is yourself.Im very thankful that the only loss i incurredon mxxr is my own and that i didnt involve anyone else.
Wrong.I thought that also.People have been saying that for months.
Typical neocon dope.Blame eveything on Clinton even though he hasnt been president in over 6 years.Great president,flawed human being.Unlike the one we have now who is extremly flawed period.
Gee,i guess your right.Lets elect Bush for a 3rd term.
If you care about this country,if you are not completely self absorbed and actually care about other things besides your damn taxes,if you care about your childrens and their childrens future,if you are sick and tired of this cluster f{_k of a war,if you are sick and tired of the lies and hypocrisy of the holier than thou,right to life,money grubbing,middle class destroying,republican party THAN VOTE DEMOCRAT ACROSS THE BOARD ON NOV. 7 AND LETS TAKE BACK THE HOUSE AND THE SENATE!!!!
Thanks Mets for a great ride. Im not downplaying last nights loss.Thats the most painful Met playoff loss since the game 5 loss in 2000 to the Yank-me's. This team has a very bright future with a great young core of talent.
To all the people celebrating on rb,you should be more concerned with your impending losses with MXXR.
Now lets go Rangers!
More importantly the Mets can advance to their first world series in 6 years tonight.