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Rhubarb you must be retired and never sleep.
Sangamon It may not have just been a company person.
sangamondkid In response to your PM no and what you are thinking is what I was thinking.
That is my point it now has a high probability of being redone after the letter from Nelderand and all the posts here. IMO it was a trail ballon released by a non BOD. It wasn't an offical releases by the company as near as I can tell.
Thanks but who first posted it? This is not a final documen but a pre app. Also are the preferred shares convertable and or voting?
If there had been news to pop the price to .10 and the BOD did not release that info prior to the release of info of a RS it could be an attempt by them at stock manipulation, and grounds for SEC penalties and ciivil lawsuites. OF course the RS may not have been released by the BOD but was a form discovered in a gov file which still had not been filed. I can't remmember where that RS info first came from.
Todays chart looked good IMO gave a nice test to the support. Didn't hit my under the market buy which I may need to raise now.
are we halted only 9753 vol.
axi the news of the rigs is slim compared to the news we could have of results of the first oil. But if you want to sell on Rig news there will be buyers. Just name the price you will be happy with.
Rhubarb your theory may be correct however vol peaked 3 days ago and we tecnically dropped on declining vol. That nice blue puddle which was/is forming sank too. I hope that doesn't go negative. If we drop I hope its on lower vol. I still have orders under todays low which I'd be very happy to see fill.
Thasnks surfkast. I have a copy of Achelis Technical Analysis from A to Z. It has some info on Candels, but only an intro. From what I have been seeing these tend to be short term indicators usually 1-2 days. But the Japanese where commodity traders who may have been in and out of a market several times in a week.
Nelderand in reply to your PM JC has connections with those who trusted him and purcahsed LTD parnership interests in our early explorations. He knows the business and is very knowledgeable of the companies geological holdings. Bringing in a new land man would take time and I doubt we'd find one for the same or less salary. We sell partnership interests to fund drilling and use company capital to acquire new leases.
surfkast the book I have on Candelsticks is only an entry type. Can you tell which book you found that has the best info. TIA
Getting rid of JC is not the answer. This company should continue to sell partnership interests for exploratory wells. If this company is to continue to grow it will add new leases and explore those potential fields. Partnership intersts are like insurance policies that reduce the risk.
Guillen lets just change a few of your suppositions. Now you are a lathe opporator for a small one man owner shop. He is making lots of $'s and buys a big car a boat and a plane. You see him making $'s off your efforts (but it was his invested $'s and your agreement to accept the wages) Since you are unhappy you begin to turn out scrap pieces and the owners profifts drop big time. Does this seem like what we have going on? Maybe instead of turning out the scrap the worker could have had a conversation with the owner and come to an agreement on a better share of the profits. We want CB and JC to sit down and discuss the situation. He has done a good job so if he will continue he maybe should have a contract which rewards based upon achievment.
Kobaiashi one alternative would be to form an off shore corpin a tax haven and transfer the holding into it. Wish I could have sent this as an increption as now the BIG BROTHER will be down my neck for giving tax advice. So long free speech, welcome to the NAU North American Union.
wcamom remember there are some longs (such as the Dane) who may have sold a portion of their shares and will be wanting to bring their holdings here back up to their previous level. IMO they will begin adding from now until the end of October this year. assuming we drill in August 08. If they see the price start to run we may see them reivest much sooner. JMO
Who is the mole who can talk to the company and the company has so much admiration for that they tell the mole the nick names?
John what prooff do you need that the RS is DEAD?
yegads its not bad enough to punch 1 for English and 2 for Spanish next it will be 3 for Pig Latin
jabberstox did you get any more at the .008? I'm thinking of raising. Looks like filling .0085's. I'll still keep a few 100,000 at.0075
doesn't look like my .008 will fill. I did get a few at .0085
Looks like filling .0085's anyone get a .008 yet?
Monday my early buy possible indicator crossed possitive. It gave a gambler take a chance signal. Looks like it will hold true. Would be nice to see a slow steady increse upto .0125, then news to push us from there.
LTG You may be right and yes I do know JC does. In talking with CB in the past I had the feeling he knew some of what had been posted. Maybe JC fills him in.
CB most likely reads this board and can figure out our strengths and weaknesses from these posts. IMO
Nelderand I hope you are right about CB. I have spoken with him several times in the past. His voice came across as a very knowledgeable individual. Also strong willed and focused.I believe him to be a strong negotiator. He may have used an attorney to set the stage. He knew there would be fierce opposition. I do expect him to offer a compromise, but less then we would like. He will gain the better part of the deal. He who has the most to loss will loss the most is the normal rule. At this time he controls the cards not the whole game. Its his deal. IMO
I agree Rocket. Both Friday and Monday I picked up large amounts by placing orders under the market and waiting. Of course I still have 1 GTC still waiting, but the bid is far away now.
Ok if something is brewing why the sudden drop in VOL ?Are sales not being reported?
Nelder The only questions I believe still need to be added would be. Are the BOD and officers aware of any change in the reserves. Have any wells been completed which have not been reported to share holders. You sure put a lot of time into this Thank you.
I did read that Rhubarb, however it did not say they had a permit to rework. Don't they have to have a permit just as when drilling a new well?
WHich lease are they to drill or rework first? When did they get the permit? TIA
Why would a "large Shareholder" vote to cut their own throat? JC is puffing Unless there is some sort of under the table deal which would then be illegal.
They have enough leases I want drilling permits. When they get the rigs which lease are they to drill first?
They are now reporting White House is Not being Evacuated
I'm confused my Yahoo daily chart doesn't show any trade below .007 and aPC of .0065 Sharp charts does appear to have a trade at .0065 Schwab show a .006? and last trade of 6,000 at .008. I did finaly fill 200,000 late AM still have an under the market order. (FLASH WHite House Being Evacuated)
Thanks Rook I have orders in at .0075 and 1 higher. Not getting filled
what is the current bid and ask tia
Manti that CD is to a family member. If they convert at a distress price after having released negative information while with holding results on wells and reserves that could be fraud. A shareholder action could tie up the company and neither party would win.
Winnotise IMO you are on target. The release of the RS was a trial ballon. Now we have a shareeholder negotiator speaking for us. If, as I suspect, CB is a good businessman he will make concessions. He didn't get all those leases and rigs by being a stuborn hick.