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Level you are commiting slander and liable and you will be held accountable if it continues
more implications? more slander and libel innuendo?
Spoke to Mr. Bednar and did extensive search for a trading symbol for the florida company in question.
A)I could find no symbol see my previous post as to why
B)Mr. Bednar told me Maverick entered into an agreement (LOI) for an asset purchase with the principles of the company mentioned held by Mr. Turner and Mr. Richmond for cash to purchase 1/3 of the Z2 field, and stock for all the assets of MKGP.
C) Turner & co registered the Mav. Name in fl. in anticipation of the tranaction and (apparently changed the name of the shell)
D)Turner & co either could not or would not deliver on the stated agreement in the LOI. They parted company. End of story
I could not find a symbol for the Green Energy or anything else so I could not find the LOI. MKGP was a pvt company at the time so I did not ask for it.
Bottom line is there is nothing here as is implied by this person that insists on hurting shareholder value in a very promising company
Page 23, last paragraph of the same document states:
NO PUBLIC MARKET CURRENTLY EXISTS. There is currently no public market for the
Company's common stock, and it is not expected that any such market will develop
until such time as the Company has filed a Registration Statement under the
Securities Act of 1933 and the Securities and Exchange Commission has declared
that Registration Statement to be effective. There can be no assurance that a
market will in fact develop at any time, or that a shareholder ever will be able
to liquidate his investment without considerable delay. If a market should
develop, the price may be highly volatile. Factors such as those discussed in
the "Risk Factors" section may have a significant impact upon the market price
of the Company's stock.
Trade-There is a company. I checked his filing, but I also went to sunbiz.org and saw it is a florida corp. A seperate entity and a differant name. It is INC-MKGP is LTD and a Nevada Corp.
The past several weeks there has only been one seller to speak of and that was UBS. The other MM's that have been selling certainly have prders from other's that are simply taking profits. Remember this has made a steady climb fron 4 cents. There is a good % in profit there.
Pup- I don't know if you are aware, but MM's can only publish a quote if they have an order. That is why EFGI does not have a 2 sided market. The bigger house like Nite & UBSS get significantly more order flow so they always have a 2 sided market. You you will offen times see a 1 sided mkt from the MM's on this.
Here's my 2 cents worth. We had a bice strong opening. Due large in part by the momo guys that now have MKGP on their radar. Many bought up as many shares as they could (note all the 5000 share prints early on)The stock seemed to lose its lift. Bingo the flippers bug out and start selling, thus causing the retracement. The attitude I guess is "last one out turn out the light" At least that is how it was whei I made mkts. You know "I am in the moving business, not the storage business"
Not Judging-Just Saying
I suspected the gap would fill even though in reality it wasn't a real gap IMO. If you notice the stock was trading at $0.95 and 10 pre-open. Nite had a lot of buy orders and he is notorious for pushing a stock up-filling the orders then going back down to maximize a profit. Mothing wrong with the guy making a profit, but those trades at 05 & 10 did not go to the charts thereby showing a gap
Not Judging-Just Saying
level-you keep asking the same questions over and over again. Why don't you see if they have a bond up with the RR commision in Texas for one thing. I for one am tired of seeing the same post over and over again. They are a real company and if you don't think they are fine, but stop asking the same things over and over. You are wastinf valuable space
Oh how will I go on knowing how I crushed you? Did you see the news?
veritas I believe that was from a Popeye cartoon
MKGP NEWS OUT-LOOKS Real Good:
Maverick Energy Group Announces the Successful Completion of the First of Two Horizontal Wells
Maverick Energy Group is pleased to announce the successful completion of the first of two planned Horizontal Wells in Caldwell County, Texas. Maverick has a 12.5% working interest in these wells and was in charge of the supervision for the drilling of the well. Once the production is established on both wells Maverick will become Operator of the wells.
The first well's lateral has been drilled to its targeted footage and the well has been swabbed for several days. Within the next two weeks it is expected that the well will be placed on pump.
Based upon the testing to date, the well could produce anywhere from 25 to 100 barrels per day. The actual amount will not be known until the well has been on pump for several weeks.
"The two horizontal wells are one of three main projects which Maverick is involved in and these two could produce a lot of oil. These wells along with our other two projects in Big Foot, Texas and West Virginia give Maverick a very diverse portfolio for an E & P Company our size" stated Jim McCabe the CEO of Maverick. "As Maverick continues to develop these projects our gross and net income should increase in 2007 and thereafter."
In addition, Maverick, as the operator for Z2, LLC has begun to plan the second phase of its development of the Big Foot Field with the $40,000,000 Advancing Credit Facility which Gasrock made available to Z2 in the second half of last year. Maverick hopes to drill at least an additional 20 PUDS at Big Foot this year and increase the gas line capacity in the second half of 2007.
Maverick Energy Group LTD is the Operator of the "Big Foot Field" in Texas originally developed by Royal Dutch Shell (RDS-A). It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC.
Further information can be found at http://www.maverickenergygroup.com/
or www.pinksheets.com or
Please contact:
Investor relations
lopez@maverickenergygroup.com
1-918-280-7781
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Here is the link
http://www.pinksheets.com/quote/news.jsp?symbol=MKGP×tamp=2007-03-02%2016:38&headline=M...
As Sherlock Holmes used to say "Come Watson, the game is afoot"
its a great goal. I hope you achieve it. My goal was also 55, but the tech wreck happened, then 9/11 so I had to make some adjustments. Maybe 56. I am 52 now
ranger-you are either 54 or you will be forced to retire younger lol
That I do-Bids seem to be stacking up. If the seller is still around he doesn't appear to be agressive. At least at the moment. May be coming into the end of his position. That would be nice-because with a decent PR we could see a nice move here. IMO
Not Judging-Just Saying
Bmiles-as would I. In fact I would sell 5% of my holdings there if there were a truly deserving sole that needed them
Veritas-bear in mind the all time high of 0.75 was pre Maverick. Maverick has only been public since March of last year and their high is $0.22
Level & Iran75 TY for your help
Due & Brad Forgive my ignorance but can you explain the Golden Cross and its implications. I have only been doing this most of my adult life so why should I know lol
Not Judging (Me), Just saying
Just a few word for the good folks of this board.
As many of us are aware there are many good things happening with the Z2 field and by extension MKGP as operator and investor in the field. With the $40 million to Z2 there is no doubt MKGP is going to continue ramping up the production of Big Foot. That is only a part of whatMKGP offers we shareholders.
Remeber MKGP is not wed solely to Z2 and Big Foot. They have their own projects going. I invite you all to go back and see some of the MicroCap reports that were posted here. Or re-look at MKGP website to remind you of the other nuggets they have cooking.
We are getting a lot of eyes on the stock now just from the boards.
This comment is for management because I know they read the boards. If you were to enact some sort of awareness program I believe the eyes on your company will double. Who knows maybe even triple.
Sidebar-I filled up my car today $40. My wife filled hers for a similar amount of money. You know what I thought? Give some at the pump get a bunch from the stock. Oh I'm sorry, I almost sound like one of those evil oil barrons lol
Stay loose and cool we have a long way up. And IMHO we are on our way. Who cares about the recent seller. He is a speedbump (and he is making a mistake I might add) He will be gone shortly if he is not already and we will be on our merry way.
Not Judging, Just Saying
Aggie you are absolutelt correct in what your definition of painting the tape is. Having been a MM for 25 years I can tell you that MM's do not care what time of the month is. If they have a substantial position that is against them they will often times print an EOD trade on another position to try to offset the other loss. MM's pos are marked to the market every day, not quarterly. So if they can offset a loss on a given day they often do it.
I am not suggesting this is what has occurred here, I am just telling you your definition is 100% correct. No reason to think a cpa would know anything about the market or what really goes on with MM's, especially if they have no horse in the race
Nozzle-this guy level is on other boards knocking those stocks as well. He never puts up cash only derides the stocks
Not judging just saying
level-Why are you so hell bent on trying to destroy this stock. Maverick is a Nevada corp, not Oklahoma,and if you looked at pinksheets you would know that.
Maybe you would let us know what your agenda is. You obviously do not own the stock. People have repeatedly answered you repeatative questions. So are you short the stock? illeagaly I might add. or are you just bored and want to disrupt the board? or possibly you ar an unhappy soul that wants some company? Oh I know, you are a frustrated wannabe market regulator, but the SEC or the SRO's wouldn't have you
Whatever your agenda, at least get your facts correct. Check to see if Maverick is in fact a Nevada corp and you will see they are legit. Check the bond they have up with the railroad commission and see they do in fact exist. Or beeter yet take a trip to west Texas and see the operation at Big Foot. I did
we lost a board mark. Could it be who I think it is?
veritas-your point is well taken about the offers, but let's put it in perspective
Unless one of those 3 guys, nite, stgi, or ubs is sitting with something huge what could they have 50 or 100k each Translating that into dollars that is only $28000 of dollar volume. That isn't really all that much.
I don't know about you, but even after all these years that I have been in this racket I still sometimes forget to put dollar/share volume into perspective. "Oh man, this guy probably has 100k for sale" then I remember "so, its only $9k"
Not judging, just saying
level-you are obviously not a stupid person, so I am sure you know pinkies do not report and are very high risk. I am also sure you know there are many places you can get information on the company, yet you persist on regugitating that they have no SEC reports. We are all aware there are no SEC reports because they are not full reporting, which of course syas there are no filings. In addition you keep saying basically that the company is going to lie to you if you call them. Veritas has given you a lot of answers to your questions.
So I must ask you, have you never invested in a pinkie? and if you have what was different there? That pink most certainly was not full reporting. And if you have never invested in a pink because they are not fully reporting, what is your interest in this one? Why the sudden interest?
This board has plenty of info and plenty of people willing to answer your questions, but if you continously ask the same questions over and over the answers are not likely to change. So as they say in court "Objection your honor! Asked and answered!" However if you have other questions I am sure there are many here that would be happy to answer with what they know. But remember you are resposible for your own DD and decisions.
Those of us that have invested in MKGP are quite content with our investments and if we are not we will no longer be invested in this company.
Thank you for joining us and I do hope you can and will contribute.
Forgive my ignorance. Did you sell 125k or buy it?
You should do some additional DD to see what the relationship is between Mav & Z2 and your question may be answered
You are so clueless its scarey. Z2 is a private LLC so there is no debt spiral. The funds are available to Z2 not Maverick. MKGP did not borrow the money Z2 did. Do some homework of your own and stop trying to bash the stock on nonsense. If you have an intelligent question ask it. If you just choose to jerk around do it elsewhere
Loss, the answer is really quite simple. Profit! As fields mature it becomes more and more costly to bring the oil from the ground. There needs to be things like steam injections, deeper drilling, horizontal drilling and so forth. As it becomes more costly it is not economically feasible to bring up the oil at $15 per bbl. But as the price goes up their becomes a real profit potential. Fields like Big Foot were abandoned or sold off by the large oil companies years ago for some of the reasons I sighted. Speculators buy up these fields, oil goes up and puff! insatnt profit. Except instant was holding these properties over many years and on and on and on. I think you get the idea
pinksheets.com has a level 2, but I believe has a 15 min delay. All you have to do is put mkgp into the quote window. Maverick pays the additional fee to show level 2 on their quotes. I think there is a fee anyway
Hi Guys
A good example of what is being discussed is the 35000 shares that trades 0.059 and 35000 at 0.06. Now I noticed the mkt was
Nite 0.059 Ubss 0.06
Because the 1st print was 0.06 I will assume nite was the agressor and paid UBS 0.6 for 35,000 shares. UBS in turn bought it back from his customer at 0.059 thus creating an 0.001 profit for UBS.
That is how it was done ALL the time, however, now instead of the MM's charging a mark-up or mark down they will often times charge a flat dollar amount commission. So at one time in the example above only ubs would have earned on the trade, now nite may very well have charged a commission to his buyer at a flat dollar amount.
It is important to remember nite does not have customer order flow in the true sense of the word. Their orders come from other broker dealers such as E-trade, Scottrade Merril, Smith Barney and the like and normally they will charge a mark-up or mark-down for their commission. In many instances as a courtesy to their B/D customers they will do the order for no commission or just position the stock in their inventory or sell it from their inventory.
Back to the 35,000 share example, although the volume has 70,000 shares added to it, infact it was just 1 35,000 share order matched between buyer and seller with UBS marking it down 0.001 that gives the appearance of a 2nd trade, but actually only 35k changed hands.
I hope I didn't confuse it more, but that is in fact how it works
MKGP News out. Started drilling on 3rd new well. Follow the link for the entire story
http://www.pinksheets.com/quote/news.jsp?symbol=MKGP
I would love some additional input on this one. Management seems to be doing all the right things.
Please do your own DD before you invest
MKGP News out. Started drilling on 3rd new well. Follow the link for the entire story
http://www.pinksheets.com/quote/news.jsp?symbol=MKGP
I would love some additional input on this one. Management seems to be doing all the right things.
I have had some discussion on this board previously with some people. I believe things are continuing to look good on this one
Please do your own DD before you invest
MKGP News out. Started drilling on 3rd new well. Follow the link for the entire story
http://www.pinksheets.com/quote/news.jsp?symbol=MKGP
I would love some additional input on this one. Management seems to be doing all the right things.
Please do your own DD before you invest
Lowman Thx I will look at the HMGP So MKGP has the prerequisites. I appreciate your input
Lowman-Thanks for your input. I certainly will look at some other options. The thing that attracted me most to MKGP is the fact that they actually have assets, revenues and earnings. Quite unusual for pinkland. Of course the price appears to make it a value play.
I appreciate your input. It is good to talk outloud as it were. Sometimes things become clearer.
What do you think about the assets and such
Any suggestions on other oil play