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I wasn't in that other scam, when the group of ihub was doing interviews with a reverse merger. I did not own that one ever! Did you miss this? I bet this is where the shares are coming from lenders selling conversions would explain the price drop since they sell at a discount. The company sold quite a bit too and Dropping 50% in 2 days is never good on any stock but definitely not on a pink. Not trying to argue here but this dropped for a reason and it showed in the chart yesterday and today. I held and even bought more yesterday to come home to this was Not a good feeling! Now I am done but I needed to prove my point I knew something was wrong and now it all makes sense they also say they will sell more as needed. Now yes I can see upside if they ever quit selling but it seems to have increased and the chart is horrible.
Liquidity and Capital Resources
As of February 29, 2016, we had assets of $ 256 , 303 including current assets of $ 184 , 865 . We have accounts payable of $197,972, convertible notes payable of $69,463, accrued expenses of $101,757. Hallmark Venture Group, Inc. is prepared to advance us additional funds as needed. Accrued expenses are for work performed by employees during the organizational and operational stages of the Company. There is no firm date for which these are to be paid. It is to be repaid when we have funds available. Since inception we have also raised $354,382 from the sale of our common stock. We believe our ability to achieve commercial success and continued growth will be dependent upon our continued access to capital either through additional sale of our equity or cash generated from operations. We will seek to obtain additional working capital through the sale of our securities. We will attempt to obtain additional capital through bank lines of credit; however, we have no agreements or understandings with third parties at this time.
Okay I will make sure to advise my accounting professor that he needs to check on here because no one except the pumpers can read the filings Please! I am not stupid by an means
Oh please don't be embarrassed for me quite the opposite Good news and down 35% says it all
Here is the balance as of Feb 29th notice it is a negative and this is good? parenthesis is negative cash flow
$(1,816,632)
From the filings and I do know how to read them
Total current liabilities
369,192
313,120
TOTAL LIABILITIES
369,192
313,120
Debt is not 32k either its more around 369,192. and with interest and conversion this is a sinking ship. Financials are terrible
Good for you so happy!
Buy em all I don't care there are plenty for sale slap that ask! Stocks don't go down like this without any reason. A chart doesn't lie either
Honestly do you really think that matters no one cares this is a pink sheet when people start dumping its over
well it took mine a while to go at bid and I am out so sick of this crap! Keep telling people to buy a sinking ship I just lost half of my money hard earned money damn greedy people make me sick!
OMG! I hate pinks and all the scams I just got here to this I hope whoever took my money chokes on it.
Recover seriously this is terrible damn it! I knew better this ship is sinking float is not locked people are dumping retail MMs this is retail while everyone says buy they are selling well thanks a lot i could really afford this
Yep hear this all the time while everyone is selling unreal!The chart doesn't lie I knew it yesterday someone is selling sell on rumor damn!
I hope your right sick of getting stuck like this when people start dumping.., whoever sold today should have let it continue completely stupid chart was perfect and now it will take some work to get it back positive
Yes I am, but when you see this it is not a good sign seen it too many times before
My chart looks terrible looked great yesterday and the candlestick today is not good. 5 minute looked good also but lost support falling below middle BB. I sure hope it turns tomorrow but not counting on it
Yep people who bought at .003 and .0035 are selling with a good profit. sure doesn't look good
If company is diluting it would have huge volume hundreds of millions volume this volume is very light. This looks to be retail
Looks like all the ones who bought low are selling this is retail selling and its tanking it. OS is good even with what was added most pinks have hundreds of billions the OS here is low. This needs strong buying not selling.
I saw the article about a buyout looked good. I thought about getting back in then saw the filing.., just not sure yet. I might later with a small position that I can afford to lose just in case
I have seen this run on bad news its the craziest stock I have ever seen
Very scary though it could hit at any time. I have been watching since i sold I was a wreck the whole time I owned this. When it is done someone can write a book on this.., it bounces up and down news, filing, lawsuits, investigations, sp many twists and turns never a dull moment! Good Luck! I don't have it in me to hold this I'd be in a rubber room
SC 13D/A
GREENLIGHT CAPITAL INC filed this Form SC 13D/A on 04/18/2016
Looks like they sold out. I'd be careful this doesn't look good
Yes that makes sense. Not too bad of a drop with the news I thought it would be worse
People look at oil for guidance on this no matter what when it should be natural gas and when I posted early this morning it was up
Somethings up larger blocks and price moving back up. This isn't the normal trading on this for as much as i watch L2 on it. Any thoughts?
Oil over 41.00 and UPL turning up. I am shocked to see this not too bad at all today under the circumstances. I agree with you on that they want us out hopefully we can hold on to what we have here
I wonder whats up going up now??
Just watched the recap on the meeting. They had an agreement and everyone was happy ready to sign it and someone switched the form capping Irans output things went south after 10 hours. Not going to be a good day here at least I don't think it will be..,
On the other hand natural gas is up and should help us but probably won't matter wuch with oil news
Good for you, I am underwater here but I am beginning to not care I will take the loss if need be although I really hate to. If oil was going up and holding they stand a much better chance but now who knows..,
Saudi could have signed the agreement since Iran is only producing 3.1 million barrels. They were going to it was the Prince that said no! To screw with the entire world over stubbornness just pure BS on both their parts.
Watching the news they said the price on oil should not change much and should ride between 38-42 but then again who knows how the market will respond. I know one thing I will never play any oil or energy stocks again I am so sick of all these idiots calling the shots on prices because they say or sign something is ridiculous
Well he screwed it up Saudi refused to join without Iran.., Figures! They know the world in a whole needs this and they pulled this.
Things are pointing to a very green week ahead feeling really good about all the news so far still waiting on final word from the meeting. Kuwait cutting production is a big plus for us.
With the earlier article and this I believe Monday will be green. Very sorry for the people in Ecuador very sad
With the earth quakes in Ecuador the Hydroelectric dams and oil pipelines in the OPEC-member nation were shut down as a precautionary measure. Kuwait reduced its crude oil output and refining production on Sunday as part of an emergency plan to help the OPEC member deal with the largest petroleum workers' strike in years.
This could have a big impact
http://uk.mobile.reuters.com/article/idUKL5N17K0GX?irpc=932
The conclusion looks good so far maybe that have things worked out..,
The meeting broke up just before 11 a.m. as attendees planned to meet with Qatar's emir, Sheikh Tamim bin Hamad Al Thani, said Kabalan Abisaab, Ecuador's ambassador to Qatar, who was on hand for the meeting. Abisaab said participants would return to the meeting in the afternoon and continue their deliberations.
Asked if Iran's absence had an effect, he responded in Spanish that it "didn't matter."
"Believe me, everything is going well," he said.
http://www.cbsnews.com/news/oil-producers-minus-us-iran-meet-doha-petroleum/#
God I sure wish I knew what to expect. They still don't have an answer this young Prince Mohammed bin Salman was refusing to agree without Iran.., but Iran has such a low output compared to Saudi that it shouldn't matter. This is critical to so many countries who desperately need the price up. Supposedly they have the framework hopefully they get him on board. Although he had said it doesn't matter to him they will ramp up production if Iran doesn't get on board. CNBC International has a clip on facebook and they are still waiting as of 4 hours ago. I believe they will have some kind of agreement not sure if using Jan. levels is going to have much effect on price of oil or not although it would be better than no agreement.
I hope we get good news tomorrow
I am trying to follow others in similar situations has us and most are in far worse shape. I believe we are going to be okay here but there is always that risk. I am willing to take the gamble the pay off could be huge for us We are up now at .5498 on 2,000 shares. Spoke to soon down to .52 on 1,000
Honestly BK can be confusing I was in one that was GGP which stockholders kept stocks. Here is the article what is your take on it? People are buying it.., Unless they are clueless
Energy XXI Wins Court Approval to Tap Lenders' Cash
1:33 pm ET April 15, 2016 (Dow Jones) Print
By Lillian Rizzo
Texas oil and gas company Energy XXI Ltd. on Friday won court approval to access lenders' cash to fund its newly launched chapter 11 restructuring.
One day after Energy XXI filed for chapter 11 protection, Judge David Jones of the U.S. Bankruptcy Court in Houston authorized Energy XXI to use the cash securing the claims of senior lenders led by agent Wells Fargo Bank N.A.
Judge Jones also signed off on other first-day motions designed to ensure Energy XXI's continued operations, such as paying employee wages and royalty obligations related to its exploration activities.
While attorneys for the senior lenders and a group of junior bondholders said they were still in negotiations regarding what happens to some of Energy XXI's debt in the restructuring, the creditors hope to reach an agreement soon.
The Houston company filed for bankruptcy on Thursday after securing key creditors' support for a debt-restructuring plan.
Lenders' attorneys said during the hearing on Friday they had been negotiating with Energy XXI for "several months" leading up to the restructuring.
"This hopefully will position the company for success in an extremely difficulty pricing environment and will preserve jobs and the going concern of the company," said Dennis Dunne, an attorney for the junior bondholder group.
The deal in place calls for Energy XXI's junior bondholders to swap $1.45 billion debt for all of the equity in a reorganized company subsidiary.
Court papers show the bondholder group includes Franklin Advisers Inc., Mudrick Capital Management LP, Oaktree Capital Management and Pine River Capital Management.
The proposed deal already has the support of bondholders owning 63% in face amount of the junior bond debt. To win approval of the reorganization plan Energy XXI will likely need to rally more votes.
Publicly traded Energy XXI Ltd., which operates in Texas but is registered in Bermuda, will be liquidated as part of the chapter 11 case.
Energy XXI, like many of its peers, blamed the bankruptcy filing on declining oil prices and a heavy debt load, which stems from last year's $1.53 billion acquisition of EPL Oil & Gas Inc. The deal made the company the largest publicly traded producer of crude in the Gulf of Mexico's shallow waters.
Energy XXI founder John D. Schiller is expected to remain as chief executive of the new company after it emerges from bankruptcy.
The company's creditors are requiring it to file its full reorganization plan by May 16 and secure Judge Jones's approval for the plan by Aug. 8.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to