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225 shares sold at the bid? Really? Manipulation at its finest as some a**hat MM tweaks the bid for peanuts. 50 at the ask and 225 at the bid so far. Run WGAS run!
With that type of incentive, I'm surprised that Mr. Mason isn't personally rowing the boat out to connect the platform tripod.
A contract that drives and motivates is a solid contract IMO.
The TWITTER feed on the WGAS Website is nice, instant feedback from the company.
I've been looking around for info on the poster that wanted more info on WGAS and finally found something on him.
His board on Ihub is a nationwide Internet Radio board and they spend an hour and highlight a specific stock each evening.
Initially they had to really work getting interviews but now, CEO's are now contacting them to get information out to more potential shareholders. They interview preferably the CEO from a business but will at times take a well informed shareholder. With the depth of DD you've done for WGAS, you'd be perfect as an interviewee IMO. If they could get either Mr. Folk or Mr. Mason, that would also be terrific.
I listen to them periodically to try and find solid OTC securities because they expose both good and bad. IMO it would be great exposure for WGAS if either you or the CEO were to make a presentation.
Just a thought.
Read several of XZX's posts. I came to flip and see a long term game changer with WGAS. They already have a hole, they're just hauling gear out to hook up, calibrate and pump oil. All that and this is coming off its lowest bottom in years. It's a can't miss IMO.
LOL is right. Once they're pumping oil, do you surmise they'll use funds from said pumped oil sales to finance drilling for the other two projects?
Sheesh. I bought some WGAS because of the chart for a quick flip. Now you've got me looking very long. Wise guy.
WGAS just keeps on getting better. In layman's terms they're going out in a boat to hook up a line to calibrate equipment and then pump oil. Cha-ching!!!!!!!!!!!
By the way, we're #19 on Ihubs breakout boards! http://investorshub.advfn.com/boards/breakoutboards.aspx
Do you have an estimate of how deep WGAS's bore hole has to be to reach black gold?
WGAS drilling for oil, this week, now that would be unreal.
You're some kinda big time resource for WGAS, thanks!
Indeed, people are beginning to see what a grossly undervalued stock WGAS is at this price.
Rising price, growing volume, more boardmarks along with more posts and reads. It's all good!
WGAS .031 Bid and .033 Ask. Moving up!
Well said: "it's pretty clear we're in a great hedge"
Israel vs Iran, U.S. vs Iran, or any other middle eastern conflict and we're already hedged with WGAS.
Greetings xzx. Nice earnings evaluation you've done on WGAS, thanks!
Like virtually all traders, I look daily for winners and re-evaluate frequently and run a risk reward potential. WGAS is currently number one. Picked up a couple several hundred thou more shares at the ask today.
We're still coming off the bottom. It's getting hit in spurts and no big seller seems to be dropping shares. The "risk to reward" of WGAS is as good as anyone will see in stockdom.
LOL you're right, I messed it up. Woops. My bid was at .88 at the time. Now it's the .65 that's currently high bid.
It was a very terse email but hopefully it gets some attention. On the old OTC I could see jumping bids. On the newest iteration that's completely electronic and centralized, it makes no sense.
WGAS coming off the bottom hard. Biggest volume in weeks and a drilling project being worked. This could double or triple in a heartbeat.
Ref: "I say this is one of the best long term investment around"
Well said. Among all the pumps and momo plays on "hope" stocks, this one really stands out as legit.
Same here, picking a few here and there when they're not jumping over my bid. First quarter earnings are just just 25 days out and it seems to be a great time to accumulate.
LGHS has a board meeting scheduled in the next few days. According to Steven Ross, one of the main topics will be the undervalued share price.
Good luck to you!
I've had a bid in all morning at .88 and it's never been listed. Realizing that the MM's are I emailed the OTC with an extremely negative note just to see if they even respond. Here's the text:
"Which criminals are you complicit with in allowing them to manipulate Longhai Steel, LGHS? This is 2012 and graft and corruption are firmly in control of the U.S. financial markets. I and several others have bids in above the .0852 you have listed as the high bid. You're blatant enough you don't even list our bids. They don't show and you allow trades below those bids. I'll be sending screen shots of my higher Bid to your partners in crime, the SEC. Ah, the OTC and pick any Market Maker, stealing and encouraging Naked Shorting since they were founded."
Nice work. She's pretty firm about no additional shares being issued last week and the share structure being exactly as quoted in Monday's PR. Four emails received by posters here rebutting the "dilution" cry of scaremongers.
You were one of the three posters I referenced that Ms. Guthries replied to. I also received an answer from her that was posted on Friday.
Ms. Guthrie has emailed three, count them, three posters on this board last Friday and firmly stated there was no dilution. The share structure is exactly as stated in the PR last week. No change in OS.
Perhaps there's another answer. Oh, it's been posted about 15 times. There was a huge amount of shorting during the week.
By the way, you were already informed of this fact in post number 7741:
Devcool
Share
Friday, April 13, 2012 9:37:28 PM
Re: waycool4u1415 post# 6949
Post # of 7741
Not dilution dude...short sellers
Getting an email to Rebbeca Guthrie is really, really hard. You go to the USNL Ibox and look up USNL's website. It's listed right below Ms. Guthries's name on the left hand side.
You might try addressing her by her name instead of calling her some highly disrespectful name. I'd also suggest you ask a cogent question phrased in proper English.
Click the little website link and it will pop up. Once on the website, it has a "Contact Us" tab on the top right. Use your mouse and click on the tab. This will bring up a box in which you can type your question. Once you've done this you can click the send button and it will magically end up in her email.
I've done this several times and received emails back.
Are you saying Rebecca Guthrie is lying and USNL is diluting or are you claiming my USNL email is a hoax?
Believe what you want to believe. Ms. Guthrie isn't fast but she did return the message. Screen-shots have too much private info to share with a message board.
I can confirm your posting. My answer from Ms. Guthrie mirrors your answer:
1:43 PM 04/13/2012
Dear Mr. Xxxxx,
The share structure is the same as announced in our releases. We will update all shareholders soon with regard to acquisitions we are looking at.
Yours sincerely
Rebecca Guthrie
Dear Ms. Guthrie
Thanks for the PR regarding the removal of 1/2 billion authorized shares
this week. Do you have plans for a Press Release detailing a plan of
acquisition in the near future?
Confidence in USNL eroded yesterday afternoon and today, mainly because
of strong rumors among investors who claim USNL has issued/sold hundreds
of millions of shares into the price rise this week. This would
obviously cause a rapid decline in share price. Is there any truth to
the rumor? Have additional shares been issued?
Regards,
Xxxxx Xxxxx
If the post is confusing, look to the author. It's your post from last July, promising Nevada Rae photos from an employee of yours that were never posted. Just a little humor for the board.
carhauler
Share
Sunday, July 31, 2011 5:34:55 PM
Re: None
Post # of 87780
pictures being taken first thing in the morning. any specific requests.
LGHS to most investors is a grossly under-priced value stock. The annual earnings are higher than the Price to Earnings ratio, which reveals that its completely out of whack.
To swing trade, you need some liquidity, something a quick glance at LGHS will reveal is obviously lacking. You might pick up a couple of hundred shares here and there to trade but there are far better stocks for swinging. The only people swinging this remedial traders IMO.
As mentioned last month, Steven Ross of Longhai Steel was at the Roth Capital Partners conference, in San Diego. It turns out, the MZ Group was one of the sponsors. Several of my sources, secretly skulking about at the conference think that Mr. Ross and the MZ Group met there and framed the agreement that was announced today.
http://www.prnewswire.com/news-releases/mz-group-sponsors-roth-capital-partners-24th-annual-conference-march-11-14-2012-141886093.html
Nice observation. Here's the last hour and 45 minutes of trades. They were really breaking trades up. They broke up the 50K at 14:19 and 14:25, the 100K pair at 14:33 or 14:47, the 14:35 and 15:04 and the 120K at 15:16 and 15:17. Looks like a search for shares.
Time Price Volume Exchange
15:58:48 0.018 50000 OTO
15:58:39 0.018 250000 OTO
15:46:32 0.018 35000 OTO
15:45:48 0.018 200000 OTO
15:45:03 0.018 10000 OTO
15:44:49 0.017 5000 OTO
15:41:29 0.017 0 OTO
15:40:06 0.017 5000 OTO
15:38:43 0.017 15000 OTO
15:36:53 0.017 10000 OTO
15:17:41 0.018 110400 OTO
15:16:42 0.018 9600 OTO
15:04:36 0.018 140319 OTO
14:47:07 0.018 5000 OTO
14:35:22 0.0175 6711 OTO
14:33:55 0.0175 95000 OTO
14:33:40 0.0175 5000 OTO
14:33:30 0.0175 5000 OTO
14:33:19 0.0174 5000 OTO
14:33:16 0.017 22970 OTO
14:25:06 0.017 27030 OTO
14:19:12 0.017 30600 OTO
14:19:09 0.017 125000 OTO
14:18:59 0.017 5000 OTO
14:18:47 0.017 95270 OTO
Do you have an email address, telephone number or other means of directly contacting the CEO? If you do, I'd recommend some of us calling him and putting pressure on him to market differently and give him suggestions such as the one you have listed.
Very nice work, thank you. Steven Ross is a terrific PR guy and company Representative. Little by little he'll get LGHS recognized on its own merits, IMO.
It was just someone in a big hurry to sell all their shares. As they depleted the bid at one level they would lower their price to lower levels. They're gone and the price is going back up. Impatience took a lot of money out of their pocket. As for APII, it's moving back up.
It's the pre-paid orders and the hot steel from across the street. They know just exactly what they need to manufacture and ship when the money comes in and they know how much material to order from their affiliate next door. Pretty amazing any way you look at it.
LGHS receiving pre-payment for product is certainly foreign to the U.S. method of doing busines:
From the 2012 10K:
Our products are manufactured on an on-demand basis, and we usually collect payment in advance. Sales prices are set at the market price for wire on a daily basis. Our customers generally prepay for their orders, and the final price may be adjusted to the market price on the day of pick up. This allows us to maintain a low inventory of both wire and billet and protects us from exposure to commodity price volatility. In order to increase sales and be competitive in the market, we occasionally offer discounted wholesale prices to customers at our discretion. Our sales efforts are directed toward developing long-term relationships with customers who are able to purchase in large quantities. During the years ended December 31, 2011 and 2010, our top five distributors accounted for approximately 49% and 35% of our revenue, respectively.
Shouldn't you be addressing "averaging down" to the entity that just averaged down by spending $560,697.50 plus commissions on NEOM. I'm sure they could use your knowledge and foresight.