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Any news yet about the rigs? TIA
IF CB wants to use a RS to get SP to a high enought level for AMEX he needs to get current SP up. I doubt 1 for 25 will get the number he needs unless the company can show substancial earning.
oh goodie Oily has posted after the merger and now not until the buy out. Is that the buy out of Microsoft and Yahoo can't be anything in the oil patch can it? Where is that big dog when we need it Dane where are you oily is waiting?
greeney I was in FRPT they had more going for a RS the AMEP. Amep first must prove itself FRPT did as it was getting BIG gov contract ackin to hitting big wells. We need to see more then one well to get a RS that will benifit the entire company and not just the board and anyone who gets to acquire shares at a reduced amount. That is why I earlier suggested warrants be tied to all shares on the RS.
RATS my chart shows a gap at .046. We really need that to fill ASAP then we can head for the upper gaps.
Fish etal Has Oily ever posted anything which came about? The RS could be a scare to get the price down for his team. I haven't seen a RS yet where the announcement initialy didn't drop the price. Have you?
JC says CB took 6 mill and made it into 20 mil. Ok now lets take all the shares OS and div into the 20 mill. That may give us a better share value then all the hammering going on. The MMs are having a field day based upon the timing of the RS PR.
IS there still another well waiting to report?ie were they working 2 wells and not just this one?
Does the preferred stock in amep have voting rights?
BSD where do you get $70 oil. West texas sweet is not near that. Will this oil grade sweet?
.046 low they tried .045 no fill then traded .047 ask jumped to .049 maybe the bottom is in chart at .046 was strong support.
Maningreen I doubt that all those sellers even saw the well report. WIth that well and potentioal for more similar wells a negative vote on RS is now a none issue IMO.
Thanks for the gift .052 WE gapped down but I suspect there were sells based upon the RS which did not see the well report. Dangerous to have an an open sell in on a company with a well in progress.
rockandpond answer to one of your questions. Yes the company can issue warrants to existing sharesholders which would tie up any similar number of authorized but non issued shares. The warrants can be for any given time, and can have increasing strike prices as time goes on.
Could we demand warrants in exchange for a possitive vote for the rs and allowing the 480 million shares to remain? CB wants the shares for 1. trade for other leases 2. to raise future cash. WE don't want the dillution. If we are granted some warrants we have the right to acquire some of the extra shares, and cb gets his cash.
LTG the only way I'd vote the RS at this time is if the AS are also revised. One other possible way would be if we had a massive increasse in share price and the then to be sold shars were to also be sold at that higher price and not in the pennies. I see this announcement as CB and the boards way of seeking avenues for negotiating with the shareholders. The actual vote will be taken after all things have been refinded. I see many changes will need to be made to get we shareholders to agree to anything. But at this time everything is on the table. WE may need a shareholder committee to negotiate with the board.
The 1st rule of Public Relations is GET THE BAD NEWS OUT FIRST. I haven't seen anything other then the form for the rs. I missed the 480 million additional share sale. Will the 480 be prior or after the rs? He must also state the use of the funds. WE shareholders need to vote to approve the additional shares.I saw what happened to GSPG they went from the BB to amex then crashed and back to BB. If CB plans to take us off the BB and onto the AMEX he first needs to get production numbers reported and they MUST BE GREAT. He likly knows where those numbers are coming in. Did he say he intends to go for the AMEX or is that speculation? I had a buy GTC order just under the market which I just cancelled on line. This negative talk could cause a retest of the .046. That would be a steal based on current leases and equipment IMO.
has anyone ever seen a reverse split that caused an actual share price increase.
yes we had a big run and a naked candle.Usually these fill. Don't be surprised if they take us back down for a while before a final brake above .07. It may only last a day or 2.Then to the moon as news hits..
Rocket I'v had a gtc for 2 days at .006 which they won't fill, but I'm patient.
surfkast July is too early for oil with a new rig. It may take until the end of July to get it set up and tested for loose parts etc. You don't take a new rig into the field as easy as driving a new car out of the show room.
Gap is almost filled. We can run when the gap is done.
my .006 is keeping the MM honest. They can't be trading to each other and driving it down. I'm very long NVMG if I don't get the .006 its no big deal
I see a low today of .0055 and high of .0065. I have an order i for .006 which has been there for 2 trade days. MMs playing games. anyone with LL 2 see anything?
Don't forget the man from Addax apparently knows all of the results.
What is with all the deleated posts on NVMG are lowman's crew at work for him? Looks like the same group are with wrwn and hmgp. They don't like comments they view as unfavorable.
Ok any guess as to when the EEZ will have the letting?
Texass If she has grandmaitis it a grandchild. If you also have grandpaitis its a grandson. Congradulation from one with 39 faithfull years and 12.7/9 grands
lowman is the moderator of this board and several others. It would appear his favorit is hmgp. At one time on the HEMI board he said all his others were DOGS. If I agreed with him I wouldn't still be invested here. I do my own DD it is best you do yours. call the company visit with them don't accept the words of posters who may have other opinions
Wow exceo 6 kids and 9 grandkids. That is fantastic. I'm looking foward to meeting you when ERHE hits and we all get together.
Thanks for you honesty Big Mur
Drillman how deep can that rig go? TIA
NWTF its the smoo efect. Remember in Lil'Abner the Smoos fell for everything General Bull Moose had to offer.
Rhubarb that is why you use the phone vs the email. Via phone you get the tone of the voice as well often the rest of the story.
I have sold penny stocks at the ask and not seen the ask move up I then add to the ask and got partial fills. There are times the MMS just step aside or perhaps take the ask. I doubt the later as I have sold at the ask and seen the ask drop after my fill.
We are near the spin off lokk at the current vol and price. En of day saw good vol increase. Yet vol is very light. When spin off is announced watch this baby fly. JMO
jts130 On the Hemi board a while back a poster asked Lowman for the other stocks he was in and monator for. Lowman told him all were dogs except Hemi. That means he considers this company and his others to be dogs. He should have just said I don't post other stocks on other stock boards. But we know he does. Why tell a poster all the rest are dogs?
Lowman I saw you post on HGMP that that was the only stock you had which was not a dog. Since then I have been watching you lead the sheep. That is why I asked you the Question Why you thought this stock would drop friday. You gave no substance as to why.
I'm confused are you calling me Pea Brains or are you saying the uninformed will sell?
What makes you expect a drop Friday?