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The attorney is going to address the impairment/irrep harm issues..
There is much news to release...
But he knows first things first, that tells you the type of man you are dealing with here..
You have a great winner here, make the best of it.
tonyp
Suit yourself, its a free country
All the best.
I have just spoken with Mr. Jerry Griggs,
This morning, Monday, May 28, 2007, I placed a call to the RGNO offices and left a message.
Within the hour, Mr. Griggs returned my call.
Folks, he returned my call on Memorial day, a National holiday when virtually the entire country is taking a rest, spending the morning with their families and making plans for the holiday, everyone but Mr. Griggs.
He is working.
I have to tell you something, you have really chosen a good man to put your money behind as shareholders.
In my time, I have spoken with many public company CEO's and Presidents. Those officials pale in comparison to Mr. Griggs.
He sounds like a middle aged man, he exibits a strong personality, his voice overflows with determination and vigor. A booming clear voice, powerful, knowing what his mission is, and how he will succeed.
Intense, driven, a man without a tie, but with many successes under his worn belt, and many more to accomplish.
Folks, Mr. Griggs is America.
He agrees with our efforts here to convince Ameritrade to do the right thing.
He has retained counsel to address and finally settle this important issue with Ameritrade.
In our nearly 20 minute conversation, he explained that the counsel RGNO has retained is quite aggressive, and is without question, qualified to represent the Company on this issue. The counsel is licensed in many states is most respected in his field.
Mr. Griggs has spoken to Ameritrade about this issue in the past, to no avail. He had no choice but to take this extraordinary action, it is hurting his company, and yours.
He applauds the efforts by the good people here on this forum to contact Ameritrade and voice their respective concerns.
He is doing all he can from his end, by putting his counsel in action to help get this cleared up. He must grow the company, its his job, and he knows it. He has not ignored this appalling situation with Ameritrade.
Folks, do not give up on this, I implore you to continually send your complaints and concerns to Ameritrade. Even traders who are not Ameritrade clients may place a complaint on the AT site as potential customers who are questioning their stance.
Active AT customers will have the most influence in this situation, tell AT via email and phone that you are looking for another broker as they are refusing to process a buy order on a company that is fully above board, a firm where Company officials are reachable, a Company where the transfer agent is not gagged and reachable.
All the while, they allow mindless trading on complete scams and share diluters.
This is your mission folks, get on it now.
Griggs is taking care of the Company end of the mission.
Do you know that RGNO got 4 new wells online just last week ?
Did you know that despite the heavy rainfall in the subject well area, that they are still making significant progress, beyond even Grigg's expectations ?
Did you know that the Company has much to report to its shareholders, more than you can imagine, but has prudently chosen not to release it due to the current trading restrictions and its obvious effects on its stock ?
These are the actions of a very smart businessman, its like knowing what well to work on first, should he spend an equal amount of time on a well that has historically had low production relatively ? Or, should he spend his time and money on a well that has much better possibilities ?
He wants bang for his buck, he wants bang for your buck, they are one in the same.
If you want news, get busy with your mission and get the Ameritrade restrictions lifted.
He is not going to release any more news as conditions exist, like it or not... its not a good business decision.
News is to update existing shareholders and attract new possible shareholders.
As it stands at this moment, when potential new shareholders hearing good news from RGNO from the wires or their friends, go to their Ameritrade account and attempt an order, here is what they get:
"Opening transactions are not accepted for this security"
Now, you and I know what that means, and why that message appears. We have the luxury of being a part to this forum and are informed. Most do not have this information available to them.
What would any potential new shareholders think? Would that statement by Ameritrade give any comfort to them about the stability or reliability of RGNO ? No, quite the opposite.
I'm telling you folks, this has happened on hundreds of occasions, the result ? A potential shareholder that had some interest in RGNO simply does not pursue it, he or she just figures that the largest retail broker in the world, has good reason not to allow trades, and that they are in fact protecting their best interests by not allowing them to buy it.
Do you think this potential shareholder searches the message boards, changes brokers and buys RGNO?.
THEY WALK AWAY FIGURING THERE IS SOMETHING FISHY WITH RGNO.
Can you argue that assumption folks ? Its a fact. It makes sense, it is happening, more than you know.
Sad thing is, all this is happening when oil plays are getting maximum attention.
It is a fact that TDAmeritrade is the largest retail broker in the country, this means that nearly 30% of the possible buyers out there are blocked. As I have mentioned earlier,
Its that simple.
Do something about it, this issue should be trading in the .25-.30 range without any news.
Get busy folks, the money is there if you want to make an effort,
The only news worth hearing on this issue is an announcement that AT has lifted their restriction on RGNO.
I am going to work behind the scenes and do what I can as a AT client and AMTD shareholder.
All other issues are secondary at this point.
Get it done.
tony, I just looked at your posts,
You have been or are in many of the bloated issues sharewise, pick some credible posters, work with them,
Find some lower float issues that have some good things going on where the management is not known for diluting the current holders... it will give you a better results.
All the best to you and yours.
tony, yep its good to take some off the table, for sure
I've taken nearly 500 k off the table already, this just keeps running and has good momentum. I have some shares on the ask, we'll see what happens ...
Its the rule, sell some during runs like this and save some for a potential home run...
Can't fight the tape...
Are the numbers in the Ibox the best phones to reach Griggs ?
If not, if someone has a cell or something for Griggs or any other officer of RGNO, kindly pm me.
Would someone kindly
PM with Griggs' email and phone number. Am I to understand that some of RGNO's wells are located within the State of Kansas ?
Lots of people are hopping mad. eom
This is how it is:
To get RGNO jump started and get it where it should be price wise...
Option 1. Griggs discovers the next Spindletop.
Option 2. Everyone bands together to force Ameritrade to change their position.
You decide which is most likely, what is the best way for you to contribute to helping this share price.
As an Ameritrade client (now APEX) for many years, I am looking to choose another broker.
There is something going on that just stinks to high heaven, and Ameritrade has so far refused to address and correct it.
They continue to restrict opening transactions on a high volume oil startup stock, symbol RGNO.
This despite my many calls to them, and contact from others inquiring about the issue.
Schwab, Scottrade (one of the tightest as far as restrictions), Choicetrade, and many others happily let their clients trade RGNO.
Its all over the boards folks, informed people know that every day, more and more investors are turning to message boards to form an opinion about a brokerage, and eventually a stock they wish to enter.
Ameritrade is getting a bad name folks, its that simple.
As a shareholder of AMTD, I would surely be concerned, the amount of money they spend on advertising, and so on only goes so far.
Client rentention always has been and always will be the single most important issue affecting retail brokerages.
Take a look around the widely read message boards.
AMTD is a sell. I say that, and I'm a shareholder.
Ameritrade Ihub board;
http://www.investorshub.com/boards/board.asp?board_id=433
Get on the board and post your complaint, do this in addition to sending the emails.
Tell them in the emails that their poor policy regarding RGNO is being posted all over the AMTD message boards.
thommy
Answer the email and stress that Schwab, Scottrade, and others are not restricting, RGNO needs to be released or you will have to move your account to another brokerage.
If enough Ameritrade clients do this, the security dept that eventually gets these inquiries (via the CSR's) will be spending time on this issue.
Of course, they try and send you back a boiler plate response like the one you just received, answer it back, take up their time, time is money, believe me, they keep track of issues that are affecting their clients. Its nearly a science now.
The squeaky wheel gets the grease, keep calling and writing them, why do all the other brokers allow trading of RGNO ? Tell them there are discussions all over the message boards and that people are getting angry.
It may force them to contact Griggs and get this cleared up... if enough people do this, say 100-150 of their clients, and unsolicited emails from potential clients as well, this will get action...
I am told that these restrictions are reviewed periodically when clients complain... well, it seems they will have to be reviewing it again.
Keep banging them, I am calling today as well.
This is the single largest issue affecting your investment in RGNO, don't give up.
Boardmarked. eom
Yea i hear ya man, lots o times I have had my finger on the trigger and shot myself in the foot
i bet you have had that feeling too :)
Thanks for that Frankiy
Yea i knew the auth was way up there. but i figured something good was coming when they decided to foward split it 5 for 1.
Had almost 1 mil from .015/.02, sold 1/2 a little at a time during to mini run to .09 and after..
I dunno, they are behaving themselves so far...
we shall see
yes thommy,
if you are an ameritrade or etrade client, send them that statement...
that you will go elsewhere
if not a current client, ameritrade home page has a contact mail even for non-clients to comment and ask questions
they will really notice their current clients that write in... they dont want to lose someone if they can help it...
bang them with emails every couple days, someone is going to have to forward them down to security/complicance... security will have to do something eventually...if enough people participate,
eventually it will start taking up too much of someones time...
its critical mass, just where you want this stock eventually
:)
Don't threaten them, its not neccessary, the mail and call volume will get their attention, not disgruntled shareholders with other firms...
rags...
One does not need be an Ameritrade client to send them questions/comments... that is why they are in some real mess here if you all get busy...
Go to
http://www.tdameritrade.com/contact.html
General new accounts question.
Tell them you had considered opening with them, but discovered from a friend that they do not allow opening transactions for RGNO.
Anyone can do this, that has access to the internet.
Can you imagine
Only 100 Ameritrade clients that cannot trade, each wanting only $2000.00 average each in shares at some point ?
That is $200,000...
What is the share price ?
At .05 that is 4 million shares.
Add that to what you already have going here, thats alot of liquidity ...
Right now as it stands, one may only sell ... this increases the compounding of the problem by at least one fold...
Its all numbers folks...
rags, good thought, but
The SEC will have no interest in addressing this issue, nor do they have the jurisdiction.
This is a business decision, albiet the incorrect one they will soon find, by Ameritrade and Etrade security departments.
Make them change their mind on RGNO, make the change a good business decision for them... they want to keep their customers, believe me, its expensive to add clients....
There are 104 restricted stocks on the Ameritrade black list, RGNO being one, get with your friends and fellow shareholders here and get it off.
When they lift the restriction, it will be night-vs-day on this issue.
Those points and others can bring Ameritrade and Etrade to their senses if they have this brought to their attention repeatedly.
Numbers are power, if they get 200-300 emails a day on this, from current revenue producing clients, they will have to do something... much more powerful than any legal threat or representation....
Combined, the emails, calls and the legal route = victory for RGNO and its shareholders
I am going to call a friend that i know at the WSJ
Ask him what he thinks about the headline:
Giant Brokers Capping Oil Startup Interests
How would Ameritrade comment as to that ?
The phone order takes away at least half of any Etrade transactions... it adds up,
we will see if anyone steps up to start the new board, and get the info needed up there.
People will post that they have emailed and called... it wont get done in a reasonable time frame without the shareholders help, mark my words....
Once it gets started, it will motivate people and it will snowball... numbers will get it done, nothing else..
just like the share price... they are hand in hand
This issue should trade
At this point .15-.25, and would if not restricted by AT and ET.
Much higher when some financials are released and production numbers are provided... imo right now it would be a waste to even entertain the thought of releasing either..
when up to 50% of potential buyers can't order it due to the restrictions.
get the restriction issues lifted first,
that will solve 80% of the probs... including getting some decent public money at reasonable money raised -vs- shares given if Griggs ever needs it to take on a big project ...
Griggs, if you read this board as some here say you do,
If you indeed meet with your attorneys, pick the meanest one in the bunch, and/or the poorest financially to handle this matter.
Give counsel their hourly plus a 1 million restricted share bonus to get it done, the bonus is valid only if he or she gets it done in 2-3 weeks or less. Better yet, give two 500 k each and send one after each violator.
I have spoken with my counsel about this in the past, counsel must aggressively address the impairment and irreparable harm points of the possible forthcoming action in their communications with the subject brokers.
Advise AT and ET via your counsel that you intend to inform all of the investing public via an all encompassing press release, that their firms have impaired RGNO, a basically family run and small shareholder based business.
That will get their attention, its a competitive business and it costs alot to have their "good" name(s) appear friendly and hometown.
Its not good to be beating down a small company like RGNO and is shareholders who are working people as well, not to mention a company and a man that is attempting to bring more energy supply to obviously starved markets.
A big newswire may pick up on it too if released as stated .... they don't want that.
Ref: RGNO Folks, this is a lenghty post, bear with me please and consider its entire contents...do not call me on grammatical errors....
Ok, so the share count looks good, the CEO appears to be a good hard working man...and, there is oil in them hills...
He is considering retaining legal counsel to get the situation solved with Ameritrade. And Etrade as well you tell me ?
It is clear from the charts that this issue needs at least a couple back to back 10-15 million share days to churn out the chaff...
Lets compare the oil to the A-Trade-Etrade situation;
RGNO needs some unconventional and yes, EXTRAORIDINARY measures to get this oil to the surface...
The oil is down there folks, Griggs is trying to get it out... isn't he ?
Think about it in this respect folks:
The power companies have cut off his electricity to the wells, at least partially... Griggs is trying to run his wells on 5 amps when he really needs 25. Amps are more important that volts, and Griggs cannot operate his wells without the amps. In respect to share price, he is on 3-5 amps without A-Trade and E-trade.
Its painfully obvious to you.
As things stand now, Griggs is out in the middle of nowhere, stalled with his giant 18 wheeler that needs a simple jump, out there for months waiting for someone to come along. Finally, he hears someone approaching in the distance...
He squints, he sees something, but, as the vehicle approaches, he sadly realizes its a moped.
Folks, that ain't enough to get his 18 wheeler started, the best he can do is send a message ahead with the moped driver to call out a real tow truck, so he may get on his way, and get his load delivered as promised for his boss and shareholders and to his customer.
Griggs is waiting folks, if it was this easy, would you go give him a jump ?
There are 210 boardmarks here on the RGNO, hard working people that have made an investment believing in RGNO and of course Griggs. That is a helluva following folks, make no mistake, there are at least 200 more that follow and don't post.
This stock must be brought to a critcal mass once again, like it was months ago, to get it jump started. There is a way.
Do you believe that I am here to merely point out the weaknesses here, with all the fine folks sitting, standing around here on the street, waiting for a ride, then walk away and not offer you a lift ? Hardly.
I want to put this stock back in my portfolio so much I can scream... I was in the big run a few months ago, thanks to dragonfly... it can and will happen again, but not without your help.
But now, my better sense tells me I cannot enter, no matter how much I wish.
Like it or not, Ameritrade and Etrade I would venture to guess control by default 25%-30% of the buying public combined, possibly higher than that if one realizes the demographics of the current/potential RGNO shareholder. It could be as high as 50% when that factor is taken into account. This is why the stock cannot move, pure and simple.
Fact is, people don't like moving their portfolios , they don't want to take the time and energy to move them to a more accomodating broker.
Here is my solution:
This solution will only work if all concerned participates..
And, I mean all folks, you, your relatives that have an Ameritrade or Etrade account, your friends and/or business associates, whomever.
Someone from this board, someone capable of inserting the needed information, immediately set up a separate RGNO board, one that specifically deals with this crucial issue.
You need to keep the pertinent posts off of this board, there are way too many other posts and this most important issue will get lost in the shuffle and nothing will happen, as opposed to setting up a new board.
The new board will give us alot of information in itself, all posters subjected to the AT and ET situation can post there, thereby indicating just how many are affected, and thus, the stock price. All current AT and ET clients are to be encouraged to post there even if they are trading RGNO in a seperate account.
Now to the meat and potatoes,
Everyone person, relative, friend, associate that you know, needs to immediately get on their respective AT or ET (or both if applicable) accounts, and send a complaint.
Advise them that you have patiently waited for them to remove their restriction on opening transactions for RGNO, but they have failed to do so. Therefore, you are giving them notice that they need to address this issue, or you will be making arrangements to move your account to a more hospitable broker.
Give them Griggs' number, tell them the company has a valid transfer agent, advise them of the transfer agent name and state again there is no reason for this issue to be on the restricted list. If it is not removed, you will take your business elsewhere.
It will work folks, if everyone gets on their horse and keeps banging them, bang them every two or three days with an email, it will get the job done folks, for sure. This may only affect a few hundred parties, but it could balloon into thousands of emails when everyone that wants to buy RGNO in their AT and ET accounts starts htting them with a couple emails a week. If you want, call this dude... Craig, Ameritrade rep for APEX... I dont give a rats azzz if your APEX or not, call him and bang him.. 1 800 669 3900 x 7620. I did just last wekk. But, dont just call, you must get it in writing, get on the email. The intense email volume will get their attention.
Do you want Griggs messing around with attorneys (and I'm not suggesting he not proceed with his own efforts) or do you want him out getting more oil out of the ground and negotiating for additional leases rather than sitting around with a bunch of suits that cost him (you) money ?
Would you give Griggs a hand if he needed another strong back to move a pipe to a well to begin production ?
Get on this, don't let it flounder like the stock price, you can do something about it.
Get the new board going, I want to buy this stock... along with all the rest of the people on Ameritrade and Etrade that cannot.
THEN AND ONLY THEN WILL THIS ISSUE GET THE PRICE ACTION IT DESERVES.
As soon as I finish and post this, I am opening my At and sending them an email, I am going to to it every day.
Let's see what leader steps up here to take the reigns...
Get it done folks, its money in your pocket, its that simple.
Is RGNO Pres. last name griggs if i recall ?
Ok, a 65 million float, not too shabby right?, very appealing for a gas/oil play that is actually doing something with their wells...
Now, one by one, lets take a look at the charts for the last several months, note volume/price/accum/dist considerations.
Against all reason, the weekly chart is the most revealing when analyzing RGNO.
BigPayOut,
When you have a moment, would you kindly post said share structure to the best of your knowledge, as you believe it to be.
chuck, that is true, it is extraordinary...
Imo, some extraordinary things need to be done here to get this issue off dead center...
Helen Keller can see that.
Has the CEO or other responsible officer ever published the share structure in a PR ?
The website is a disgrace. Better off without it, imo.
Ameritrade still has RGNO on their "no opening transactions" list.
The likelihood of a decent run here without Ameritrade clients being able to participate, knowing their huge market presence, is next to zero.
The recent past is proof positive, dead money here for months.
If I recall, 10 o/s 1 mil float pre forward split
post split = 50 m o/s 5 mil float
Sure trades like a 5 mil float :)
From pinksheets website:
http://www.pinksheets.com/quote/company_profile.jsp?symbol=IOGH
Current Capital Change:
shs increased by 5 for 1 split. Payable upon surrender
Ex-Date: 2006-10-11
Posted by: tonyp
In reply to: investwise4858 who wrote msg# 87 Date:3/19/2007 2:18:29 PM
Post #of 134
Remember this stock was $2.65 before the 5 for 1 split put it at.55 . Any news and we will see a $0.35 share price
Thanks for the update Eric, happy to hear there is no room for fluff in the pizza venture, just good old fashioned growth will do.
Really impressed with his candor.
All the best.
marcg good question
The Attard family owns 80% of the o/s.
If anything, they will need to forward split the shares o/s to increase liquidity in this issue. That would be positive.
Make no mistake, as 80% owners, whatever they decide, it will be in their best interests, and ours by default.
The Attards will do something great with this shell, its not if they will, its when.
These are former Nasdaq people my friend, not the pinkie management that is looking to borrow money from the shareholders via share dilution to pay the rent.
Accumulate and hold this one as able, its that simple.
Well, Dominique Wilkins is a board member of IOGH, so I'm sure he has plenty of NBA contacts that have resources and is in good shape himself....
Not sure where it will end up, I bought it almost solely on the fact that it has a measly 5 m share float, and the visibility of the oil sector. There was a fire sale early in the year and I just kept accumulating, telling others about it, but most ignored it.
I have 500 k left from my original position, 10% of the float, there is some big money coming in here it seems..
Most would not buy it early because of the management, namely McCallister, but I looked at it and decided that Wilkins card outplayed the McCallister card.
It would only take 3 or 4 of Wilkins' buddies to put this on the map....
AECH 1 Hour Chart
AECH Daily Chart
Big money, I have been talking mostly to myself in here since February, accumulating under .025.
Once in a while, a passersby would happen in, like at a deserted roadside diner along Route 66.
Now, I'm getting some company here, people are discovering the value of these quiet stops along "ole 66".
All the best to you and yours :)
Cuttin, yes, I noticed DOMS has been on bid alot, and as you know, they are in 99% of all cases a net seller and distributor (diluter of the float).
Perhaps very revealing what is going on in the background, I have never seen in all my years of trading, DOMS taking such a continuous agressive bidding stance.
If many hold their shares and make the mm's raise bids to get shares to fill buy order, rather than selling at the bid, this issue has a very good chance of being in the .20-.30 range pre news.
Much higher if the momo's decide to enter... not enough volume and liquidity at this moment for the traders to show..
If we get the volume... they will show, then we will see some huge runs...