Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Speaking of DP ....
.... I'm moderately surprised that we haven't seen a real 8-K about his hiring , possibly even including an employment contract.
Doesn't SVP of Operations warrant that? Maybe they called it SVP OPS instead of COO so they wouldn't have to?
I know Steinborn still shows as COO on the company website , but that's not the case any more , right?
Oh well. If there's another parachute , we'll see it sooner or later.
jonesie
Wow, that's pretty yukky (edited)
Our 'upswing' has been history for a while now. Now we're just 2 tenths of a penny above our all time low ... of 2 tenths of a penny. Man, think about that. Take a penny ... and cut it into 10 pieces ... a share of NEOM stock was worth 2 of those little bits a little while back ... and at least for the moment it's worth 4 of those little bits.
They don't call it dilutive/death-spiral/toxic for nuthin' , eh?
Amazing that Chas Fritz was able to suck out over $2,000,000 in cash in less than two years , out of a company whose share price is just worth 4 of those little bits.
I guess NeoReader on the Apps site and YA doling out another expensive loan wasn't the good news it was touted to be , certainly not good enough to sustain a whole penny , or even 3/4 penny .... if it had been we wouldn't be dropping back this far.
NEOM always struggles to find 'support'.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
"selling on the rumours, but holding a good deal"
As we saw in the last 10-Q the number of Series C Convertible Preferred shares that were converted and sold recently , they certainly do the former. With 1.2 Billion shares outstanding and a 4.9% limit on how many shares YAGI can convert and sell at any one time ... if the trading volume supported it they could convert-at-discount and sell 58.8 Million shares every day.
Of course the volume doesn't typically support that daily quantity , but we can probably correctly assume that they do their best with what volume is there.
With regards to the latter , they don't have to 'hold' in the sense that we might 'hold'. As also shown in the Q , YAGI has rights to billions of shares which they can convert at discounts-to-market at any time in the future they wish.
As to the other questions in your post , yeah , gotta wonder sometimes.
Hopefully we'll be pleasantly surprised one day. That would be a nice break from historical precedents!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Perhaps after 169 PRs in 4 yrs ....
.... (2004-2007) which hyped much yet yielded little ... they're being more cautious , for many possible reasons.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
TIV's GVPS Gets $5MM to Accelerate Production
Tri-Valley Subsidiary Arranges $5 Million Initial Funding to Accelerate Production
Date : 08/18/2008 @ 3:06PM
Source : Business Wire
Tri-Valley Subsidiary Arranges $5 Million Initial Funding to Accelerate Production
Tri-Valley Corporation (AMEX:TIV) announced that its subsidiary, Great Valley Production Services LLC (GVPS), has arranged its first $5 million tranche to fund expansion of equipment and infrastructure to accelerate oil and gas production increase on its six development properties in California.
GVPS already has 17 steam generators with five in the field and 12 more being refurbished and brought up to air quality codes for various California venues. GVPS is currently working to secure an oil sales pipeline to more efficiently accommodate increasing production at Tri-Valley’s Pleasant Valley heavy oil operation in Oxnard, California.
In line with Tri-Valley’s stated plans to expand its field holdings and continuing to build production, GVPS is considering additional facilities, field equipment and other ways to strongly support the Company during this period of rapid growth. In all, GVPS plans to raise as much as $15 million, as needed, for these functions. This will be accomplished partly through the sale of GVPS equity by the parent, Tri-Valley Corporation, primarily to existing project investors.
In addition to its organic growth through the drill bit, Tri-Valley is pursuing accretive growth through various California acquisition targets that offer exceptional and long term upside with further development, especially with previously unused new oil and gas recovery technology. GVPS will be increasingly involved in supporting this growth and field operations.
"I think that is the key."
I think you're correct.
Most stocks' PPS' move up on good earnings , profits , etc. , so investors could be waiting to see if TIV can do all of this profitably.
On the other hand , the PPS' of lots of stocks move up substantially on filings which show substantial growth in one area or another , because that growth promises improved earnings/profits to come. The stock market IS a forward-looking mechanism.
I suppose $6-$7/sh could be as forward-looking as the market wants to be at the moment.
We'll see what happens next!
JMO
jonesie
YAGI has rights to the majority of shares
YAGI has the voting power.
The number of shares they had rights to (and voting rights to) at the PPS extant at the end of 2Q08 is the bottom number , in bold , in the post linked to below. Close to 24 Billion. That was at a PPS of .003. At last Friday's closing price that number would be lower.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31472415
I don't really see where NEOM controls very many shares at all.
The total outstanding at the end of 2Q was around 1.2 billion.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
"The focus of this forum should be ...."
It is.
Learning about these kinds of financings and the inherent ramifications, by NIR , Yorkville , whoever , has been helpful to me and I assume to others , perhaps indicating the wisdom in looking hard before investing into the management of troubled companies who have few choices other than to take such loans. There are certainly thousands of other stocks to pick from.
SYTE , duly noted. Was the dollar amount of the financing significant? How did SYTE's new management extricate the company?
Have any other examples of bad management seeking toxic financings from NIR , how it worked out for them , etc?
TIA
jonesie
I don't know , drmyke
All I know about NEOM's patents , and whether or not it might ever matter if anyone infringes on one , is what I read the USPTO say about them.
I'll defer to the patent experts on that one.
jonesie
And what do we have to show ....
.... in return for that increase in the outstanding share count , the incredible and potentially untenable increase in the Fully Diluted share count , the giving away of a potential 95% ownership in the company , and the scores of millions of dollars of indebtedness and cumulative losses we shareholders of this public company have been saddled with?
A better code reader than the one we had a few years ago?
Fond memories held by a few folks of our smiling attendance at various trade shows and forums around the world?
The satisfaction we can all embrace from knowing we bought Chas a nice lake-place with all of the trimmings?
The warmth in our hearts created by having paid increasingly exorbitant salaries for each successive management regime?
The philanthropic glow it gives us knowing that we magnanimously paid performance bonuses in the face of zero measurable performance?
The spirit of togetherness we share by having awarded generous exit packages for apparently nothing more than a year or less of seat-warming?
The tax write-offs we have all gained while insuring that the salaries of rank and file NeoMedia employees were/are paid with seemingly zero return in terms of accomplishment?
While the 'space' has been 'heating up' , NeoMedia should have simply remained in cryogenic stasis for the last few years with the thaw timer set by our myopic 'visionary' for 2009 at the earliest.
Instead , the powers-that-were and the powers-that-be all chose the immediate gratification / self-reward path ... without fully understanding that reward means "Something given or received in recompense for worthy behavior" , and they chose to spend millions upon tens of millions of dollars of our money .... foolishly.
Yes indeed DrMyke, our company was stolen. Last I remember ... theft is a crime ... and "truth will out" - Shakespeare
JMO
jonesie
Probably more like 250,000
Or as Carl used to say ... 'billions'
lol, Jeff "I'll lend them the $10MM myself" Mould?
Why do you suppose he even SAID that?
Part of the 'organization'?
I should probably add him to 'The Network' as a 'person of interest'.
jonesie
I hope they do too.
I've been saying YAGI controls the outcomes since they were Cornell , since 9/1/06 when I posted my first spreadsheet showing all the hemorrhaging their 'friendly' brand of Toxicity causes.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=13053430
Wow , PPS was trying to hold around 1:30 , then no trades for a half hour or so , then wham bam, somebody dumped. (And of course , somebody bought.)
Time & Sales
Price Size Exch Time
0.0052 200574 OBB 14:09:37
0.0052 50000 OBB 14:09:24
0.0052 570815 OBB 14:09:20
0.0052 110000 OBB 14:09:16
0.0052 90000 OBB 14:08:26
0.0052 10000 OBB 14:07:55
0.0052 1429185 OBB 14:06:09
0.0052 800000 OBB 14:05:53
0.0052 600000 OBB 14:03:46
0.0052 9000 OBB 14:03:45
0.0052 500000 OBB 14:03:45
0.0053 420000 OBB 14:03:45
0.0053 10000 OBB 14:03:43
0.0055 20000 OBB 13:28:10
Testing , testing , one two three
I mean , oh oh five two
Test , test.
C'mon .0052 , hold!
But , Iain told Bena to tell us .....
.... surely he meant it.
What 'stage of the game' do you think we're at?
New players?
New pawns?
Endgame?
Or did 'stage of the game' mean 'time of the month' , and we're running out of August?
Anyway, that's a big switch from:
8/3: "CC news should be right around the corner. Hopefully within the week."
8/12: "NeoMedia CC August
http://www.gomonews.com/first-interview-with-iain-mccready-ceo-neomedia/
Iain thanked me and then remembered one of the questions on the list that I had forgotten! He said, I read the blog and all the comments and please tell your readers, "the next shareholder call is in August"."
jonesie
"positive PPS impact"
I'm assuming my secondary calcs of an estimated BOE production amount in 2Q08 are correct.
Based on that assumption , and my calcs showing 1Q's production of ~12K BOE per quarter possibly growing to ~69K BOE per quarter in 2Q .... I'd have to say I'm actually surprised there wasn't a positive bump up to the share price after the Q came out.
I suppose that excitement over what seem to be significant gains in production , most of which would have taken place in a period of just 1-1/12 months , might have been tempered by the continued operating losses.
But still , those seem to be pretty big production gains coming out of a company which hasn't had any production gains to amount to anything for years.
Are my calcs way off base?
Are investors not believing it's sustainable?
Are they skeptical about growth beyond those numbers?
Do potential investors want to see if TIV can actually extract those hydrocarbons profitably at some point in time?
I'm still surprised at the lackluster response of the market to that Q report.
But then I've always been surprised at TIV holding up at $6 for so long in the face of lack of production increases and continued losses , so I guess I'll just have to put the TIV PPS in the 'enigma' category.
Surely if Lynn continues what might have been the closing production rate in June of 10K BOE per week , and posts numbers in November showing 120K BOE production for 3Q .... and showing , if not profitability , decidedly lower losses .... surely THAT would attract some notice.
jonesie
re: shareholders of record
This is 'old' info, but from the 10-K released in March:
"On February 1, 2008 the closing price of our common stock as reported on the OTCBB was $0.0096 per share and there were approximately 11,650 shareholders of record. The number of record holders does not include beneficial owners of common stock whose shares are held in the names of banks, brokers, nominees or other fiduciaries."
Okay , now I guess **11,000** baghol... er , shareholders of record LOL
Still , only one counts.
jonesie
That would be interesting to know.
Maybe our mods could put a Survey up on the board with some number ranges and we could guess. I guess 4000.
But of course my opinion is that there is only one shareholder that counts.
jonesie
"This is new right?"
My guess would be that this is a typo LOL
jonesie
Possible support?
We definitely did not continue the short term uptrend.
I suppose the 'good news' in the short term chart is that perhaps we are testing the 'support' NEOM found the other day at .0052 after the 61.8% Fibonacci retracement.
Holding here and moving up , or even holding here and basing here while waiting on some word from Iain (hello? anyone home?) would be nice.
JMO -jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Fully Diluted -- Why did NeoMedia ....
... leave out the Fully Diluted number in the 2Q 10-Q , after putting it in the 1Q 10-Q?
Was it because they noted all of the conversation about it here? That couldn't be it. Why leave it out this time? Simply because it was a horribly large number , nearly 25 BILLION shares?
Here's what they put in the 1Q 10-Q:
For the three months ended March 31, 2008 March 31, 2007
Weighted average number of
common shares used in per
share calculation:
Basic 1,075,168,419 684,819,898
Fully diluted 9,617,290,165 684,819,898
For the six months ended June 30, 2008 June 30, 2007
Weighted average number of
common shares used in per
share calculation,
basic 1,081,308,224 789,247,203
LOL , you're absolutely right krays.
That's really about all we hear anymore , other than finally seeing the NeoReader app make it onto the iTunes store ... after some kid's app beat us there lol.
We hear about salaries , benefits , bonuses , golden parachutes , the paying of golden parachutes , the comings and goings of CEO/CFO's , possible HUGE commissions for selling the company even at a price which leaves us holding an empty bag, and , as you say , we hear ... "we owe , we owe , we owe".
We don't know if there are 4 people (Iain , Terry , Scott , ??) working for NeoMedia HQ or 24. We don't know if the Technical Advisory Committee headlined by Marc Lefar still exists , or if it ever really 'existed'.
We don't know if there will ever be a shareholders meeting again , and we have only heard of even a simple conference call by way of a last-second throwaway line uttered to a friendly blogger.
"They tried to make me get a real job but I said 'no, no, no'" -with apologies to Amy Winehouse
jonesie
Burn Rate
Doesn't it look like NEOM's actual cash burn rate was at least $3,000,000 in the 2Q?
I wonder how less than $8MM ($8.6MM financing less all the fees) is supposed to last them a year , much less to the end of 2009 , when NEOM was basically out of cash when they got this financing?
"On July 29, 2008, we entered into a Securities Purchase Agreement (“SPA”) in the amount of $8,650,000 with YA Global Investments, LP (“YA Global”), an accredited investor . Under the SPA, YA Global will buy three secured convertible debentures, subject to our meeting certain milestones, which are designed to fund the Company’s business plan to bring our products to market over approximately the next one and one half years. The first debenture under the SPA was issued on July 29, 2008, in the amount of $2.325 million."
Going Concern
Net loss for the six months ended June 30, 2008 was $5.6 million compared with a net loss of $14.1 million for the six months ended June 30, 2007. Net cash used for operations was $3.2 million and $5.3 million, for the six months ended June 30, 2008 and 2007, respectively. We also have an accumulated deficit of $207.2 million and a working capital deficit of $88 million as of June 30, 2008. We also have an obligation as of June 30, 2008 of $4.6 million relating to a purchase price guarantee associated with our acquisition of 12Snap.
The items discussed above raise substantial doubt about our ability to continue as a going concern.
'mysteriously' , LOL
And don't forget what I said yesterday , again ... "Personally , being the YAGI-phile that I am , I think it's worth noting the biggest volume was associated with the announcement on 8/4 of a financing which closed on 7/29 , with that financing announcement coming close on the heels of the NeoReader/iPhone AppStore announcement. What nice setup timing.
That kind of volume and upswing is in keeping with scores of documented surges in the prices of otcbb stocks immediately-to-shortly after financings by YAGI."
It's a well-oiled mechanism and a well-orchestrated methodology IMO. I think it's a rarity for YAGI to actually lose money on these deals , if ever. And these are just the profit-opportunities that we see.
jonesie
Yes, I noted those as well.
Thanks.
Fully Diluted
Well, Neomedia may have learned their lesson after putting in
that 9.6 billion 'fully diluted' number in the 1Q08 10-Q ... I
can't seem to find the new fully diluted number referenced in
this report exactly the same way.
But , without making it easy to find , they did put in a table
shown below , which basically says that a number I threw out
a while back was correct ... those numbers around 23-25
billion.
If you look at the bottom of this and see the Total , then add
in the 1.2Billion outstanding ... as of June 30 the 'fully
diluted' number was around 24.8 BILLION shares.
But that doesn't mean anything. Other than that's precisely
why YAGI has the Reverse Split language in the terms of the
most recent financing proposal. So YAGI can in fact realize
the FULL BENEFIT of the percentage of NEOM-ownership afforded
to them by all of those 'maybe-shares'.
jonesie
p.s. Sorry I haven't gone to the trouble to clean this up and
make it more of a table ... it just takes time. Just look at
the bottom number.
The following table reflects the number of common shares
into which the convertible instruments and warrants are
convertible or exercisable at June 30, 2008:
Common Stock
Warrants
Embedded Conversion
Feature
Total
Series C Convertible Preferred Stock
75,000,000
11,171,183,000
11,246,183,000
August 24, 2006 Debenture
175,000,000
3,333,333,000
3,508,333,000
December 29, 2006 Debenture
42,000,000
1,666,667,000
1,708,667,000
March 27, 2007 Debenture
125,000,000
4,972,434,000
5,097,434,000
August 24, 2007 Debenture
75,000,000
1,183,333,000
1,258,333,000
April 11, 2008 Debenture
-
169,565,000
169,565,000
May 16, 2008 Debenture
7,500,000
217,391,000
224,891,000
May 29, 2008 Debenture
50,000,000
343,478,000
393,478,000
Other warrants
17,471,000
-
17,471,000
Total
566,971,000
23,057,384,000
23,624,355,000
And another 20,000,000 extra shares issued in July ...
... where Yorkville converted some more Preferred Series C
"On July 14 and July 22, 2008, YA Global converted 21 shares and 22 shares, respectively, of Series C preferred stock into 10 million shares and 10 million shares, respectively, of common stock."
I think this is 100,000,000 of the shares issued ....
.... due to Yorkville converting Series C Preferred.
I've bolded the Series C converted within the second quarter.
As of June 30, 2008, YA Global has converted 2,326 shares of the original 22,000 shares of Series C preferred stock, leaving 19,674 shares outstanding, as follows:
Date Converted
Series C Shares
Converted
Common Shares
Issued
11/29/06
378
6,631,579
06/19/07
245
8,781,362
08/16/07
500
25,773,196
10/24/07
600
45,801,527
10/31/07
180
13,740,458
02/19/08
78
10,000,000
03/10/08
16
2,500,000
03/17/08
32
10,000,000
03/25/08
32
10,000,000
04/01/08
64
10,000,000
05/06/08
15.5
5,000,000
05/09/08
15
5,000,000
05/22/08
11
5,000,000
05/30/08
44
20,000,000
06/12/08
52.5
25,000,000
06/23/08
21
10,000,000
06/30/08
42
20,000,000
Total
2,326
233,228,122
Outstanding is up
"The number of outstanding shares of the registrant’s Common Stock on August 13, 2008 was 1,235,224,960."
That's up nearly 200,000,000 shares since the last report.
"The number of outstanding shares of the registrant’s Common Stock on May 9, 2008 was 1,068,376,229."
Perhaps some of that came from Yorkville converting shares?
What other factors could have increased the outstanding by nearly 20% in one quarter?
jonesie
"As of June 30, 2008, we had $75,000 in cash and cash equivalents as noted on our consolidated balance sheet and statement of cash flows. This is a decrease of $1.3 million or 95% compared with a total of $1.4 million as of December 31, 2007."
Wow, that's cutting it close. That really was a payday loan they got in early July. The money they got on May 30 went fast. "On May 30, 2008, NeoMedia Technologies, Inc., a Delaware corporation (the "Company") issued and sold a secured convertible debenture (the "Debenture") to YA Global Investments, L.P. (the "Investor") in the principal amount of Seven Hundred Ninety Thousand Dollars ($790,000)."
"On a comparative basis, cash used by operating activities of continuing operations decreased $2.1 million to $3.2 million for the six months ended June 30, 2008 compared with $5.3 million of cash used by operating activities for the period ended June 30, 2007. The decrease in cash used by continuing operations is primarily due to reduced audit and legal fees and lower personnel cost due to a reduced headcount."
Interesting. So much for hiring willy-nilly, or at breakneck speed ... or at all?
jonesie
Tri-Valley Adds New Director
Date : 08/14/2008 @ 4:39PM
Source : Business Wire
Tri-Valley Adds New Director
Tri-Valley Corporation (AMEX:TIV) has appointed its seventh outside independent director, James S. Mayer, 51, of Yardley, Pennsylvania. This brings the total board membership to eight including Chairman, F. Lynn Blystone, who is also president and chief executive officer of the Company.
Mr. Mayer is president of MAGIC Investment Projects LLC, a private equity firm targeting co-investments in Morocco with American firms focusing on the recently signed Free Trade Agreement with the U.S.A.
Mr. Mayer served as First Vice President, investments for Citigroup Global Markets, Inc. focused on energy, real estate and private equity and hedge funds.
Prior to that he served as vice president for Merrill Lynch Investment Managers and Merrill Lynch raising several billion dollars with mid sized institutions, family offices and pension funds. He directed private client alternative investments, capital raising and deal structuring for the alternative investment group.
He was formerly executive vice president, North American operations for Netzsch, Inc., a large German private firm and before that, director, strategic business development for Perkin-Elmer Corporation. At Perkin-Elmer he directed licensing negotiations, partnerships, joint venture and new technology agreements for the firm expanding into rapidly growing areas of biotechnology and life sciences.
A graduate of the State University of New York at Courland, Mr. Mayer holds a Bachelor's Degree in Chemistry and a physics minor. He did graduate work in finance, securities law, alternative investments and international marketing. Mr. Mayer will serve on the finance committee of the Tri-Valley Corporation board.
Tri-Valley is in a rapid growth phase in California oil and gas production as well as its large gold exploration projects in California and is arranging multimillion dollar financing packages to advance its projects to build share value.
http://ih.advfn.com/p.php?pid=nmona&cb=1218747253&article=27767889&symbol=A^TIV
"Interesting balance sheet"
Balance sheet could improve soon?
I mean, what do I know, but what do you think about my secondary math which yielded the possibility of "Divide THAT into $6.25MM and you get over 69,000 bbls of gross production in 2Q".
OPUS' cut would not show up in the Q , right?
So , the oil/gas revs TIV showed , the ones they specifically said WERE from oil/gas only , would only be about 20% of the total revs , and the total revs could imply 69,000 BOE.
That's a lot of barrels, compared to where they've been in the past , an 'average' quarter has had 12,000 BOE reported to DOGGR if my memory is correct.
Still , amazing that they could grow production that much and still lose so much money. I think in the last Q's analysis I said something like "The harder we works the behinder we gets?"
If that sort of thing keeps up, going from 12K bbls/Q to 69K bbls/Q and lose more money ... it makes it hard to figure out what a real 'break-even' production number might be.
Oh well , it'll take somebody smarter than me to dissect and digest the Q and figure out exactly what it's saying.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
cloud3, streetstylz ....
cloud, you're probably right. But if we held in that uptrend it would perhaps mean that more people thought the recent news was worth bidding the stock up a little bit.
streets, there is no way to know. The best guess might be based on history which would say that NEOM hasn't recently seen an uptrend that it didn't love to break to the downside.
Personally , being the YAGI-phile that I am , I think it's worth noting the biggest volume was associated with the announcement on 8/4 of a financing which closed on 7/29 , with that financing announcement coming close on the heels of the NeoReader/iPhone AppStore announcement. What nice setup timing.
That kind of volume and upswing is in keeping with scores of documented surges in the prices of otcbb stocks immediately-to-shortly after financings by YAGI.
Anyway , back to the setup timing ... juice the stock a bit with the AppStore info , roll out the multi-staged financing , and nearly instantaneously create a whole lot of 30-40%-down (temporarily?) new bagholders ... with the help of the MM's.
Who did all the selling? For every share bought in "the upside volume" , one was sold.
Coincidence? Far be it from me to state conclusively lol.
jonesieGladToBe0.0065InsteadOf0.0025
Today's trades:
(Something odd about Trades 55,56,57)
Hanging in there ....
.... closed right at the uptrendline , just a bit below.
Tomorrow will perhaps tell the tale.
CC coming soon? August , right?
jonesie
Excellent logic ...
.... and I agree 100% , that's what can make the stock market such a rigged game. 'Big money' has more info than the 'little guy' , so the little guy never quite knows exactly what is going on.
I have no idea what it would take to clean all of this up. As you say , probably never happen.
jonesie
"the process that is starting ....
.... will reveal the level of deceit and corruption that currently exists."
I agree. This whole naked shorting issue is one part of a rigged game.
"If 'naked' transaction were reported as such, and in real time"
You're not kidding , shoot , I've just wanted a 'legal' short sale to be reported as such in real time using a trade code. It should be a simple matter to flag a 'naked short sale' with it's own Code letter , just like other trade codes.
"I do not see TIV as a good example to use of what is taking place though..."
Yeah , it's hard to know what sort of naked short sale numbers might exist with TIV , and of course the threshold is something like 135,000 shares now. TIV's naked short interest could float around that number , sometimes being on the list , sometimes being off. Or there could be a much larger naked short number at times , but no way to know.
jonesie
So far so good ....
.... but it's not exactly like we're at .007 'with a bullet'.
.0066 is right at this little uptrend we've found ourselves in , it sure would be NICE to stay in a nice gradual period of UP.
Probably going to need some really good news , or a really great slam-bang conference call , to rally the troops.
JMO -jonesie
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
http://www.sec.gov/Archives/edgar/data/22551/000116267708000083/trivlydef14a.htm
TRI-VALLEY CORPORATION
4550 California Avenue, Suite 600
Bakersfield, California 93309
Meeting to be Held:
DATE: Saturday, October 4, 2008
TIME: 10:00 A.M. (P.D.T.)
PLACE:
Fess Parker’s Doubletree Resort
633 East Cabrillo Boulevard
Santa Barbara, California 93103
Matters to be Voted on:
1. Electing eight directors to serve for the ensuing year;
2. Transacting such other business as may properly come before the meeting and any adjournment thereof.
(A lot of stuff in there about compensation etc, no need to copy here)