Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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My post was rhetorical. My intent was that of trying to bring some zealots into a more realistic mindset. I see no reason to help early investors discover disappointment.
The market places virtually no value on anything Bk has said, as you obviously already know.
Smart money (ours) can recognize superior results in the oilfield where it matters most. Inexperienced money sees the "F" attached to the ticker and is unable to trust circumstances.
Thus, volume cannot rise to levels that should represent value in this pick. While volume alone hardly addresses total value here, we investors are also engaged in speculative matters. Without greater volume, we may find ourselves dependent upon unfortunate global events to force that desired spike in share price.
Are you saying the market has it wrong?
Strong investor hands are always preferable to fortune seekers. Still, there's a meaningful connection here:
/s/ Chaim Lebovits (Director of ACC International Holdings Ltd.) 10/01/2014
** Signature of Reporting Person Date
I'm afraid that I'm unable to gather the full meaning as the quote is out of any relatable context. If you provide the link, I'll view the whole document and see if I can be of help.
For the most part I'm without a computer save for a few moments in the late evening. The wife and I bought a small ranch and we're starting to move in while, at the same time, we're stocking it with some animals for farming purposes. Needless to say, we're talking nineteen hour days. But I love stock work and would be happy to study the document.
I can tell you this: A couple of weeks or so ago I stated that a 10% drop in dividends would nevertheless find me a happy camper as the payout would remain in the 10% area or better. Should this be the case, the share price will drop proportionately. In that event, I'll be adding happily as the return on investment will automatically adjust and eventually move higher.
Should the company see fit to offer shares at a discount, it will likely bolster the yield at the same time because of the market's dislike for dilution and secondaries in general. Assuming the company gets things lined up satisfactorily, things will probably continue to move along nicely.
Offerings are a necessity for this sort of enterprise. While it may be dilutive, it stands to reason that companies must remain attractive to the investing public. Adding freshly minted shares brings in fresh money with which to capture larger deals with more attractive earnings potential. If you like the company's payout history, then you'll appreciate their more aggressive stance.
I definitely do!
Looking great as the following update justifies the company's positive guidance:
http://finance.yahoo.com/news/lonestar-resources-ltd-reports-positive-225000274.html
You may have misunderstood. I was sincere in thanking you. Often OTHER posters express negative attitudes. You didn't have to say anything but you chose to and in so doing, you encouraged us to remain hopeful.
You were genuine and happy to share your good feelings with others. That's a beautiful thing to do.
You know it! I was starting to feel like a fool, packing on units as the price dropped. While I knew well that falling knives can hurt by dropping lower than anyone might have imagined, I smelled blood as the price lowered. My last purchase last week (Friday?) at $22.45 was both exciting and painful as I'm now sitting on nearly 6,000 units.
Still, I believe this position will continue to deliver and I'm a happy camper.
I hope others here also have taken advantage of market opportunities.
I'm not finding it funny. Investing is serious business for many of us. It might be funny if we were playing with play money.
This was a mistake, imo.
That was so fine of you to post your appreciative remarks! We ordinarily get to see a lot of negative comments, all too rarely is there anything such as yours.
Thank you!
Definitely an exciting development, won't you agree?
Thanks for bringing it to us.
Yes, true. But the production side was out of commission nevertheless--- for a full month. Analysts are expecting the distribution to be reduced by 23%. Also, $21 is a likely low.
Time will tell, of course. And I very much would like to see the unit price moving higher from here.
The proposed spin-off of senior assets could occur any day now. There will likely be a significant increase in valuation when this happens. Thus it is that I've been adding units on dips and now standing at 3,200 units.
I'm very confident in NCT's business management from a trader's perspective. I've been a unit holder during the spin of NRZ and NEWM, both of which have been beautifully accretive to my portfolios. I expect more of this fine performance.
Allow me to disagree:
Lotto has a winner, guaranteed by the government.
Scam operations have a winner too, but it's not the guy who buys the ticket.
Again, I've yet to see anybody---INCLUDING MYSELF!---come up with a single shred of irrefutable evidence in support of any of us justifying continued interest in remaining a shareholder. When I hear things like,
"Well, the financials will tell all." ---or:
"December is the month when the financials come out."
Nobody here knows when the financials will come out. People say things and lie all the time. This is why it never made sense for me to call BK. Good salespeople always tell you what you want to hear so why bother playing into their game?
I don't expect that financials will be published this year. This is because I see no benefit due the newly forming company. By the same token, BK's memo posted earlier made it clear to me that no audit has been undertaken yet. That said, it is highly unlikely we'll see anything in the next couple of months for it takes longer than that, as a rule, to pull all the "brown bag receipts" together.
Matt & Biff and the rest of our gang---
There's much to like in this pick. With purchases from management, significant ones at that, we have an added incentive to believe good things will likely happen for us here. If nothing else, at least we know we can count on five good months offering a fine payout.
I'm a happy camper!
Frustration is getting to a lot of good people here and it has them hearing and seeing things that don't necessarily exist.
For the record: I don't know that there are thugs associated with FDMF. But I suspect it. That's my opinion and I have a right to it.
I have held executive positions in companies that were supposedly aware of the bribing of Cabinet officials. I've never seen such activity myself but top executives in these companies sure did---in The Republic of Guinea. This is a country located in the northwest quadrant of Africa. It is currently ranked as one of the most aggressively corrupt nations in the world.
I've been involved as an executive in a company formerly doing business in Nigeria. I don't think there could be a more corrupt land in the world. The company I worked for was screwed royally.
I could go on and on but anybody can Google African corruption and probably come up with volumes of information without my help.
It is not possible in my mind for FDMF to merit positive things attributable on this board to assets within when there don't seem to be any assets. As shareholders it is required that we know what our assets and debts are. Do you know what they are and what their dollar values are? Has the company kept you up to date?
The number of phony assertions here is appalling, imo. I see some fools prodding others to buy, buy, buy. Because they weren't smart enough to read the BS themselves? None of this makes any sense and this is the only reason shares are in the toilet. Nobody sees any value in the company. And there is no reason to think anything will change, either. But if you disagree, show me concrete evidence! Don't bother telling me about your feelings and gut reactions for burps and farts are gut reactions, too.
No!
The price will stay here until investors see something concrete indicating convincing profitability around the corner.
Some here believe reportage of financials holds the key. I don't see it that way for I don't believe there's any possibility of even a tiny profit. Nobody gets to sell a worthless company for money. There's something else here and it ain't the cash value. Either folks here understand this or they don't. Those who remain in denial deserve to lose their money and should probably get out of the market altogether.
My bet is that FDMF was sold as a functional shell to be taken over by a group of thugs masquerading as good guys trying to bring affordable housing to the poor in Africa. I expect they are politically connected. Common practice in African business dealings is based on bribery, through and through.
As for BK? He's part of the deal and I think he gets a percentage of something ONLY if he stays on the job as a front man.
I've known some criminals in publicly traded leadership teams. I'm seeing one now.
The company guaranteed continuing distributions through January of 2015.This news came out just yesterday.
It means a guaranteed paycheck for shareholders for the next third of a year. It doesn't get better than that in my opinion.
if this such a bad stock why on earth is someone buying it
They are buying it because it's cheaper than it had been before. In their minds, that means it's a good deal, after all---it's cheap, right?
The problem with that is that it's distorted thinking. Cheap isn't always good. You get what you pay for, that's the old line. And with stock, it's generally the same case. When a stock is cheap, it means people aren't attaching much value to it.
Looking at the stock today, it's obviously cheap and it's equally obvious that the broader market isn't buying shares. This explains how it is that shares aren't being bid higher. It means this is not investment-worthy for most investors.
It's difficult to let go of a notion after entertaining fantasies of getting rich.
Thank you for being so gracious.
I've known a number of market makers but never a single one who would bother with a market such as this with severe limits.
You mention 15 million shares but do you realize we're talking about a mere $1500? I spent more than that on my John Deere lawn mower this past Friday.
Nobody will be enriched by the denial game. And the blame game sucks too. And the conspiracy game, also.
A bad stock is a bad stock. A fool is a fool. I should know as I was a fool, too---trusting that BK was finally becoming the real thing. He's real alright, but not a thing I need in my life or wallet.
Folks here continue to believe against all odds as well as the opinions of the market. After all is said and done, nobody can point to a single concrete bit of evidence supporting reasons for holding this stock. The current share price clearly demonstrates that the broader market has pulled the plug on FDMF, explaining why there's no meaningful demand for shares resulting in the extremely low valuation attached thereto.
This is the time to be nibbling. My GTC + extended order for 100u just came through at $22.80. Next is 100 @ $22.45 and then $22.10. While I'm not wishing to see these low ball offers execute, I feel sorry for under-rated units and want to do all I can to preserve their confidence and integrity.
This stock should be priced in the $27 range, I believe. With or without the distribution to be announce in early November, the upside due to cap. appreciation that's likely to occur makes this a delectable opportunity. I hope I'm right and that others here are able to take advantage of things.
If I were to write a book on any aspect of this, I'm not so sure it would be on BK for I've worked with execs just as bad. They demonstrate no concern for others. These freaks of nature are in love with themselves and believe they deserve all they can get, whether through their labors or deceptions.
No, there oughtta be a a book profiling people right here on this board. This is where the true drama lies---they are the "innocents" who see themselves as soldiers for that poor CEO stuck with having to run this company. They prod and push and creatively guilt other shareholders, using them just as surely as does the CEO, for their fortunes are wrapped up in the notion that all will be enriched when the grand master plan comes to fruition.
Who will step up now and admit to having been the fool for CEO Brian?
You think this is just another example of human nature? Nature, maybe, but "human?"
Definition of human:
1. Animal capable of figuring out how to teach the praying to prey.
2. Once preyed upon, will demonstrate adaptive behaviors in keeping with carrying on a tradition of discrimination for the sake of self-enrichment.
On the move as well. Thank heavens for my Smartphone. I did today's trades without my laptop, zooming in on the regular computer website for Ameritrade, altogether visible on my Samsung Note ll which employs a 5"x3" screen---large enough to take everything in.
Looking at sub-$23 tomorrow. Will likely set orders at $22.80, $22.45 and $22.10. GTC sets thing up best.
Wish me luck!
Got filled on 150u at $23.40 after the earlier execution. Now atop an order for 100 @ $23.00. May fill yet. For me, the key is focusing on a middle term $25 and my expectation that units will trade at $27 leading up to ex-D. Anything under the $25 point is a potential profit opportunity.
This is shaping up nicely so far.
Took my own advice and added a nibble (150u) at $23.40. Watching.
There is no way I can believe this will not prove to be a fruitful series of transactions. Electronic trading has brought trading fees so low, I no longer even think about commissions.
Today's announcement re. senior notes had/has me thinking a lot of folks will be viewing it as dilutive while it largely is a way of mortgaging future earnings. That plays well to my wish to accumulate.
Good luck to us all!
Thanks for your help, Pete. Ordinarily I'd expect the answer would lie in the closing trade but 50 lousy units didn't make much sense although I'm pleased I got them at that price, of course. And my sense is that we'd be smart to place laddered orders at $23.75 and then moving incrementally lower all the way down to $22.
If I were to suggest a real or "deserved" unit price for NTI, I guess I'd entertain something starting at $27/u. That connotes an upside of 13-14% from here. If we print $27 leading up to the eve of ex-distribution, that works out to a fine ROI imo. In fact, if we do the math based not on $23.75 but instead on $27, that 88 cent distribution adds another 13%! That is rather stunning and very much in keeping with my love affair with NTI's Q2 drama. And it's especially delectable in that all this is slated to take place on November 4th for guidance and soon after for the run-up as distribution hunters line up for goodies.
Good luck to us all here!
Here's something odd:
With a GTC order for 400 units of NTI (to purchase) @ $23.75, I just noticed a partial execution of 50 u that went through on Friday. However, Ameritrade shows the low of the day at $23.83.
Does anybody know how this (partial) trade squeaked through?
Thanks.
I could tell! Like you, I find very meaningful value in supporting this company. I'm in good company, I know.
Not wishing to rain on a parade but we're talking about one thousand shares. That's just $4,000. Do you know how many times I've laid out that amount to purchase stock?
It means nothing in the grand scheme. I've been a jerk many times, using good money to chase a bad stock, too. This is why volume is so meaningful when attempting to establish value.
You are right, of course. I do a bit of campaigning daily. There are more eyes on this board than one might think. Not all feel a need to write but they are watching. I know this for I'm in contact with some.
Still, each of us can hope to recruit others as the board becomes stronger with differing views and opinions.
http://www.cazapetro.com/index.php?id=74&url=http://feeds.mwnewsroom.com/article/rss?id=1877942
I'm posting the fully realized drilling update (above link)below for your convenience:
Caza Oil & Gas Announces Results of Initial Well at Broadcaster
HOUSTON, TEXAS--(Marketwired - Sept. 18, 2014) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to announce an excellent result on the initial Broadcaster well and provide a drilling update on wells at Lennox and Marathon Road. Lennox is a Company operated property, and Broadcaster and Marathon Road are non-operated properties.
Broadcaster Property, Lea County, New Mexico: The Broadcaster 29 Fed #3H horizontal 3rd Bone Spring well (the "29-3H well") reached the intended total measured depth of approximately 15,818 feet in the targeted 3rd Bone Spring Sand interval and was subsequently fracture stimulated in 40 stages beginning on September 7, 2014. Under controlled flowback the producing rates are steadily increasing, and the well produced at a 24 hour gross rate of 2,621 barrels (bbls) of oil equivalent, which is comprised of 2,062 bbls of oil and 3.36 million cubic feet of natural gas, on September 16, 2014. The well was producing on a 46/64ths adjustable choke at 1,850 pounds per square inch flowing casing pressure. This is a very strong well, and the Company anticipates a higher peak rate to be achieved in the coming days. Once a peak rate is achieved, the market will be updated accordingly. Facilities are already in place on the property, and both oil and natural gas are flowing to sales. Caza currently has a 25% working interest (approximate 17.63% net revenue interest) in the Broadcaster 29-3H well and the Broadcaster Property.
The Broadcaster Property is a 320 acre tract adjacent to the Company's West Copperline Property, which also comprises 320 acres. In addition to the producing 3rd Bone Spring pay interval, log data from the 29-3H well indicates the presence of oil and natural gas across the same potential pay intervals present at West Copperline, which include: the Brushy Canyon, Avalon Shale and 1st and 2nd Bone Spring Sand intervals. This is favorable for future development across the property. Management believes the deeper Wolfcamp formation on the property is also prospective for oil and natural gas.
Lennox Property, Lea County, New Mexico: The Lennox 32 State Unit #4H horizontal Bone Spring well (the "32-4H well") is currently drilling ahead at approximately 15,289 feet measured depth to an intended total measured depth ("TMD") of approximately 15,740 feet. The Company anticipates reaching TMD today and has scheduled the fracture stimulation for October 6, 2014. Caza currently has a 50.00% working interest (approximate 38.98% net revenue interest) in the 32-4H well and the Lennox Property.
Marathon Road/Lynch Property, Lea County, New Mexico: The operator has moved the rig onto the location and is preparing to commence drilling operations on the Marathon Road 15 OB Fed #1H horizontal Bone Spring well. This well is a direct offset to the very successful Marathon Road 15 PA Fed #1H horizontal Bone Spring well, which had an initial 30 day average of 1,974 Boe/d gross, consisting of 1,721 bbls of oil and 1.52 MMcf of natural gas. Caza currently has a 14.7% working interest (approximate 12.5% net revenue interest) in these wells and the Marathon Road Property.
W. Michael Ford, Chief Executive Officer commented:
"This is an exceptional result at Broadcaster, and we are pleased to report the news to our shareholders. As stated previously, frac technologies continue to improve in the Bone Spring Play without a material increase in cost. When using these technologies to tailor fracs for specific reservoir characteristics, as in this case, the results can be impressive.
We are on schedule and close to reaching total measured depth on the Lennox well and look forward to reporting the results of the scheduled frac in October.
The Company's next operated well is currently the Gramma Ridge 27 State #4H horizontal Bone Spring development well, which should commence in October. We are also pleased to see operations have commenced on the second Marathon Road well and anticipate operations to commence on the next Broadcaster well in late Q4 2014."
You're correct---this board is quiet.
With regard to your question about when the recreational MJ license will be granted--- surely that will dramatically alter the landscape demonstrably. I dare say that if I knew the exact date, I'd hock my grandmother's gold teeth to raise the cash to buy all the shares I could find. As it happens, her teeth were buried sixty-odd years ago.
This is why hopeful6 and continuity and other notable longs are urging that interested parties pursue their designs now while the getting is cheap. We don't see this being the case much longer.
How much longer? I have no idea as so much of this is new, presumably to just about all of us. What I did learn from re-listening to Tony's most recent taped interview is that we are the predominant player in the license acquisition. I interpret that to mean we are the big money behind the move and thus destined to receive the larger portion of profits to be realized as sales begin to flow.
Percentages of ownership will be interesting but not meaningful to me. When I signed on the bottom line to acquire shares in USEI, I wasn't thinking about recreational drugs. I was excited just to be part of this company's share holding society. It is enough for me that we remain viable. The share price doesn't decide how I view the company's potential, nor does the percentage of a license. It's enough that a half year ago initiatives were just showing signs of launching whereas now there is much to observe in motion. It's all and always about forward motion.
OK, now----One Two Three--- USEI USEI USEI!!!
Your due diligence is appreciated by us all, I'm sure.
Thank you!
PSEC is drawing considerable attention from writers at SA. The last piece I saw was last week, the author being of the belief that PSEC will work through any wrinkles on the horizon. This parallels my own thinking. As has been stated on this board, ten years is long enough to enable us to take a long and hard look at a company that has consistently rewarded share holders.
I started my position late in April of this year. The dividends have been delicious to say the least---including today's. Now at 8,000 shares. I'm very comfortable with this investment despite the cries of some who fear possible dividend cuts. The yield is substantial enough to mitigate any concerns I might have re. a cut.
You are a very kind person. I'm enjoying this ride and glad to see others joining in. Whether I'm on the right side of a trade or not isn't an issue for me as I love the ride in either direction. This is life in a slightly faster track than might be the case, were we not involved in the market. And every day it grows a little more exciting, even if not always profitable.
My thanks to you and all here who share their lives with others.
At no time have I stated FDMF is a scam. I have said I don't trust BK and this should explain why I will not call him. I see his actions now, I don't need to give him an opportunity to convince me further. He readily admits he prefers to speak with callers than write pieces for public distribution. As a former PR director I know exactly what he is saying: Hearsay is inadmissible in courts of law.
I do believe FDMF may have been a legit attempt to become a viable, going entity. I also know its present course of action doesn't look promising to me. I'm waiting to see what happens next just like everyone else here. Maybe that paints my perception of FDMF as being scam-qualified if there is such a thing. If so, then I'd have to agree with anyone suggesting I view the company as a scam.
At the same time, I am not able to say it's a scam for it may just be a matter of numerous blunders getting in the way of rational business conduct. I've never run my businesses in ways I'm seeing in FDMF but that doesn't disqualify others. It paints me as a possible fool but I'm thankful that I can afford the process while I'm also entertained. My only regret is that there are some really good people here who stand to be hurt if I'm right in my perceptions. I wish I could reimburse those for their hurt.
Hopes and dreams are the stuff of life in its best moments.
Thanks to you both for looking for truth in investing. So many of us tend to focus on liking or not liking situations and missing what really matters---determining what will help the company become the best it can become should always be the primary goal.
OK---here goes! I'm sorry if this should run counter to what some would wish to hear but I've got to call it as I see it.
A Board of Directors is like a fan club, a sounding board for the CEO, the President and other executives comprising management---the COO (chief operating officer) and others as will fill out a company's objectives. The Chairman is often the highest position yet in many cases it seems to operate as though in absentia for you seldom hear from the Chairman. Sometimes the Vice-Chairman assumes duties more commonly thought of as presidential duties.
The first thing hitting me re. the Board is my own confusion. Why do we (Freedom Holdings) need accountants as Directors when there's no real money to manage yet? Next item---what expertise have we when it comes to housing in Botswana? What is the connection?
None of this makes sense to me, frankly. I have no idea what Sigur found attractive about FDMF. Launch TV, if it even has cash value, had to have agreed to being acquired. But nobody seems to know why. Nor does anyone understand the terms of engagement. There's lots of confusing verbiage masquerading as explanatory stuff in the PR's but nowhere are terms actually spelled out. Everything is couched in "future talk" as in: Hang on, folks and all will be revealed.
That doesn't work for me. If I'm to live, I have to have bread and butter---not promises or urgings to hang around until December. Why should I trust people I don't know? Are they putting up THEIR money like I have mine? But wait a minute! Launch TV wanted to hook up with us, right? Why? Oh, I know---melting shingle technology is what pushed them over, huh?
Yet there are those who seem to expect they will be enriched. Maybe it doesn't matter to them that nothing is making sense, there's no rational case for buying into this and it has to be a scheme aimed at defrauding all of us. But when all is said and done, there is no question but that this is one of the strangest stock situations I've ever seen and it is full of drama and excitement, no debate.
So I'm here watching and reading and listening to the complaints and triumphant war cries before the battle is fought and hoping for everybody's sake that something good comes of all this. But I keep hearing that line---"If its sounds too good to be true---it probably isn't."
Lots of fun here and I'm probably as goofy as anybody for thinking there's a chance of success but it sure is fun. And I fully expect a reverse split of a magnitude possibly never before existing. In case you're wondering why the reverse: Simple---it will effective get rid of all existing shareholders. Our money dies on the vine while the Board of Directors gets to build their own stakes in a company that could launch here in the States without spending two years to get a listing.
That's very funny although I hope you'll remove the egg before putting a slap on my face. Actually I misread things, expecting the share price was reflecting the start of a reversal. I continue to think that but it may take longer. No problem as I'm parking money in NTI in these 1600 units until there's clarity in CVRR. I expect to bounce opportunities in one against the other.
Too early to tell, at the moment.
I'm not hearing the chubby lady sing yet but the wife says it's because those rocks in my head aren't porous.
Thanks for the slap on the back. But NTI is down heavily again. I have a GTC order to buy 400 at $23.75. Part of me wants to see it execute.
Sooner or later something will actually go right. lol