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PYR.V ended closing up for the day as it should have.
Is that when Def-14C comes?
PYR.V ususlly doesn't do much volume anyhow but looks like Research Capital selling some today....
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&Language=en&QuoteSymbol_1=pyr
I know they have filed for listing on the Toronto Exchange so that should start bringing in more volume once on there. They are also aiming at 3,000 barrels equivalent per day by end of 2008 - which is $9 million per month at $100 oil price.
Great Earning sout on PYR.V
Pyramid Petroleum announces record revenues and cash flow increases and other 2007 financial results
Thursday May 1, 12:55 pm ET
- Revenues, net of royalties, for the year ended December 31, 2007 were $16,542,307 compared to $1,666,396 for the year ended December 31, 2006. The increase is due to additional assets acquired in the Gulf of Mexico in the 2nd quarter of 2007 and a subsequent development program on those assets.
- Cash flow from operations for the year 2007 was $8,149,516 (22 cents per share) compared to $521,069 (2 cents per share) for the year 2006.
- Net income for the year 2007 was $2,684,333 (7 cents per share) compared to loss of $2,031,683 (loss of 7 cents per share) for the year 2006. The loss in 2006 included a write down of assets.
http://biz.yahoo.com/cnw/080501/pyramid_petro_results.html?.v=1
SSP, did you happen to read over the pre-14C filing on JPCI, any thoughts?
Yes and broke it on a decent size buy almost 5k. Soon enough these prices will look VERY VERY cheap imo
Did anyone see this from the DIAS website also?
Under Links Pushkaraj Engineering Enterprises Pvt. Ltd. is Listed.
http://www.detroitautosalon.com/Suppliers/link.asp
If you click on the Sales Network on the right Pushkaraj Engineering Enterprises Pvt. Ltd. comes up as well.
http://www.detroitautosalon.com/Suppliers/Link.asp?SID=13
So I guess we are associated with them as well.
On their site you will notice Asia Forging is listed on the bottom right under Agency Sales:
http://www.pushkaraj.com/index.html
And look where they are out of, India; another emerging Country.
http://www.pushkaraj.com/contact.html
And here is their Global Network
We have an established Global network with associates in :
Japan
Singapore
China
Italy
UK
USA
Germany
Korea
Taiwan
Middle East
Malaysia
Thailand
Spain
Australia
http://www.pushkaraj.com/global.html
Yes most of this was already stated in the orginal PR announcing the merger. Thinking the new symbol will be DIAS.ob since it is available.
JPCI, PRE 14C filed.....
http://www.sec.gov/Archives/edgar/data/1162867/000095014408003193/g12935pre14c.htm
- REVENUES: $14,593,144
- TOTAL ASSETS: $10,185,869
- TOTAL LIABILITIES: $8,327,342
Agreed, this is a first here in the U.S. so could generate a ton of interest. Alot of times people just love the concept and the idea and all the numbers in the world go to the wayside and the stock flies. But in this case we have the best of both worlds. We will have that great new concept, but at the same time we will even have some real damn good numbers to back it up!!!!
Well I believe once the Detroit International Auto Salon (DIAS) is factoed into the picture it will see at a minimum $4/share. So all in all I would say yes to your 5.47 target and you figured it out right to the penny, impressive!!!!
Maybe the Detroit Auto Salon is going to be or already is becoming much bigger than any of us ever anticipated.....ever think of that?
I don't think this little bit of difference 10 cents here or there in purchase price will mkae a difference. I think once the financials are disclosed and the company merges and continues with their business even the current ask .30 will look like the steal of the century. Heck once they merge they may even have some more tricks up their sleeve like acquisitions or something, who knows.
Sounds like a plan; yeah either way before or after the R/S. It is only a 2:1 reverse which is nothing considering the share structure and what we have here.
Well maybe this one will go to $30 for ya
I think there are three brothers....
Filing of JPCI merger info. forms at anytime according to CEO...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28718496
The anticipation is killing me......Can't wait to see the details of what we have here. Hopefully they will include some revenue projections as well.
He says.."We have looked at a good number of opportunities and we are very excited as well to be a part of this."
Well they must be excited and see huge things coming from this deal to have not sold them the shell, right!!!! I will repost something I posted before:
Instead Componus, Inc. only paid "up to $25,000 for reimbursement of its legal fees incurred as a result of the transactions contemplated." This payment is for 89,000,000 total shares or 87.25% of the total issued and outstanding common stock of the Company. Currently, OTCBB shells are selling for $500,000 - $700,000. Do the current shareholders think they will get a better return from the sale of their stock than selling the shell outright to Componus?
Here is the current ownership of JPCI before the reverse merger announcement:
Name (1) Number of shares (2) Percent Held
-------- -------------------- ------------
John C. Canouse (3) 16,395,156 66.1%
Joseph C. Canouse (4) 2,274,106 9.2%
J.P. Carey Asset Mang 2,257,900 9.1%
Jimmie N. Carter 80,000 (5)
Cache Capital (USA) L.P. 36,292 (5)
Janet L. Thompson 5,118 (5)
Directors and officers 16,480,274 66.4%
Since there will be a reverse merger, will there be a reverse split as well?
Yeah I would say anywhere from $4-$10 is possible post-merger and will stick too due to the solid revenue behind it etc. We should know more once we see the filings. But there could also be more developments that happen after the merger that would signal an even higher price than I project. Time will tell and hopefully shortly!!!
MJAM2020, this is key....They have to believe they will make out much better selling their stock when the merger happens than to just sell the shell. Thats why I believe anything under $1 or heck even $2 is probably a steal; We shall see. Read this....
One item of interest in today's 8K was that Componus, Inc. only paid "up to $25,000 for reimbursement of its legal fees incurred as a result of the transactions contemplated." This payment is for 89,000,000 total shares or 87.25% of the total issued and outstanding common stock of the Company. Currently, OTCBB shells are selling for $500,000 - $700,000. Do the current shareholders think they will get a better return from the sale of their stock than selling the shell outright to Componus?
Here is the current ownership of JPCI before the reverse merger announcement:
Name (1) Number of shares (2) Percent Held
-------- -------------------- ------------
John C. Canouse (3) 16,395,156 66.1%
Joseph C. Canouse (4) 2,274,106 9.2%
J.P. Carey Asset Mang 2,257,900 9.1%
Jimmie N. Carter 80,000 (5)
Cache Capital (USA) L.P. 36,292 (5)
Janet L. Thompson 5,118 (5)
Directors and officers 16,480,274 66.4%
10K
http://www.sec.gov/Archives/edgar/data/1162867/000117266507000091/form10ksb.txt
8K
http://www.sec.gov/Archives/edgar/data/1162867/000095014408002211/g12300e8vk.htm
I'm thinking you would see this at or over $1 on something like that. The fLoat is very small here too I believe.
Yeah and the funny thing is that probably anything under $2 pre-merger is a bargain LOL.
SSP, i'm sure your familiar with this one seeing it trades in Canada, PYR.V
http://finance.yahoo.com/q?s=pyr.v
http://www.pyramidpetroleum.com
It's a great oil company I have been following since the middle of last year and by the sounds of it, it will be moving to the TSX shortly. It can also be traded on pink sheets under PYDPF.PK It seems like your type of play, value plays, so wanted to maybe see if you liked it. Here's an email I got from IR the other day:
Thank you for taking the time to email your inquiry regarding Pyramid Petroleum.
Plans to list on the TSX are being reviewed right now. No news as of yet on this development but the company is moving forward with these plans.
Yes, by mid year the company plans to pay off most or all its debt making the net much closer to, if not in-line with, cash flow.
I hope this sufficiently answers your inquires and feel free to email me with any further questions.
Michael
Michael Borovec
Associate Account Manager
CHF Investor Relations
Cavalcanti Hume Funfer Inc.
Michael@chfir.com
T 416-868-1079 x.229
F 416-868-6198
90 Adelaide Street West
6th Floor
Toronto, ON, M5H 3V9
Pyramid Petroleum announces 2007 reserves information
Thursday April 10, 11:30 am ET
CALGARY, April 10 /CNW/ - Pyramid Petroleum Inc. (TSXV: PYR) today announced the Company's proved plus probable ("P+P") reserves as of December 31, 2007. Pyramid's reserves for its offshore properties were evaluated by Netherland Sewell & Associates, Inc. ("NSAI"). The Company's onshore properties were evaluated by Haas Petroleum Engineering Services, Inc. ("Haas"). Details of the reserve reports will be filed on SEDAR.
As of December 31, 2007, proved plus probable reserves increased to 2.5 million barrels of oil equivalent (boe) from 1.1 million boe at December 31, 2006 representing an increase of 127%. Total proved reserves increased to 2.2 million boe as of December 31, 2007 compared to 1.1 million boe at December 31, 2006. This represents an increase of 100%.
The value of before tax proved and probable reserves (NPV 10%) increased to U$49.5 million from $9.5 million, based on forecast prices resulting in an increase of 400%. The value of before tax proved reserves (NPV 10%) increased to US$40.3 million from $8.5 million, based on forecast prices, resulting in an increase of 375%.
http://biz.yahoo.com/cnw/080410/pyramid_petro_reserve.html?.v=1
Pyramid Petroleum opens operational head office in Houston and adds depth to management team
Thursday February 21, 10:31 am ET
CALGARY, Feb. 21 /CNW/ - Pyramid Petroleum Inc. (TSXV: PYR) today announced new headquarters has been opened in Houston, Texas, and that subsequently a complete spectrum of professional experts has been retained with extensive knowledge and experience with offshore operations, both domestic and international. A small corporate reporting office will be maintained in Calgary.
Pyramid's CEO, Ilyas Chaudhary stated, "Pyramid has stayed on its chosen course and waited patiently for the right opportunity to bolster operational expertise. Expanding the base in Houston has permitted the addition of an experienced operations team to execute Pyramid's value optimization plan for the Gulf of Mexico assets."
The immediate opportunities in Gulf of Mexico and further growth in Pyramid's operations has dictated the need to make the following additions to Pyramid's management team:
1. Paul Appel - VP Operations: Mr. Appel has 33 years of oil & gas experience, including 28 years with Phillips
Petroleum/ConocoPhillips. Mr. Appel possesses offshore operations, drilling and management experience in the Gulf of Mexico, offshore California, North Sea and offshore Venezuela. Mr. Appel is a degreed Petroleum Engineer.
2. Sherry Herrington - VP Land: Ms. Herrington has 26 years of oil & gas experience, including 7 years with Norcen, mostly working in offshore Gulf of Mexico area. Ms. Herrington had worked extensively in the areas of acquisitions/divestitures and contract negotiations.
3. Faisal Chaudhary - VP Marketing: Mr. Chaudhary has 15 years experience in the finance and marketing fields, consulting for several private and public companies. Since 2001, Mr. Chaudhary has also managed a private oil and gas company which operates primarily in Bakersfield, California. He holds a Masters degree in Business Administration.
4. Walton Vance - VP Finance: Mr. Vance has 25 years of oil & gas industry experience, working mostly with public companies for financial and compliance reporting. Mr. Vance also has public accounting experience with a Big Four accounting firm.
5. Ken James - Well Intervention/Completions Manager: Mr. James has 28 years of experience in the oil & gas industry; working for such companies as BP, Statoil, Norcen and Marathon. He is a Licensed Professional Engineer in the State of Texas and his expertise includes well completions and workovers, reservoir engineering and production operations. Mr. James has supervised projects in the Deepwater and Shelf Gulf of Mexico, US Land and a Gas Plant.
6. Gary Sellers - Supply Chain Manager: Supply Chain Professional with over 32 years experience supporting domestic and international drilling and production operations for major and independent energy companies, such as Texaco, Inc. Mr. Sellers has a Bachelor of Sciences degree from University of Southwest Louisiana.
Mr. Chaudhary, CEO, added "The Company now has the tools in place to move ahead in the Gulf of Mexico. In addition to developing wells in the Gulf, Pyramid is continuing to review international prospects and is prepared to secure such prospects if, as and when, the opportunity is right. The talents of this management team know each other's strengths from working together before. As Pyramid, we will create forward momentum to pursue tangible goals to achieve asset development, growth and expansion for shareholders."
Also, AAAC will now be moving to the Nasdaq and with the great earnings expected here from merger, the warrants, AAACW, will be worth a ton here shortly.
AAACW (warrants) one to watch on merger news....
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5869668
The merging company is predicting 15mill net income for 08. Outstanding shares after merger is 15.3mill. That puts earning per share close to $1. Put a conservative 15 P/E that is $15. Stock trades on Nasdaq shortly after approval. $15-$5 =$10 Warrant.
Another article I dug up....
http://www.reuters.com/article/pressRelease/idUS232200+04-Feb-2008+BW20080204
Another interesting article here:
GlobalAutoIndustry.com, the leading worldwide portal and intelligence source for the automotive industry, today announced that it has joined forces with Asia Forging Supply Co. Ltd. for the opening of the Detroit International Auto Salon (DIAS) in Allen Park, Michigan on October 25th, 2007.
http://www.tmcnet.com/news/it/2007/10/01/2981428.htm
Detroit International Auto Salon (DIAS) is a one-stop auto parts market. It is a tailor made auto salon for OEM, Tier 1, and 2 suppliers, helping them to lower their total procurement costs by sourcing from Asia's most elite suppliers, in the most cost and time effective fashion.
DIAS was initiated by Asia Forging Supply (AFS) Co. Ltd., based on its 10 years of experience working with North American automotive companies and Asian suppliers. The goal is to provide high quality/low cost auto parts and services to North American OEMs, suppliers, after-market and retail customers.
Asia Forging Supply Co. Ltd. in Taiwan is a TS16949 and ISO9001 certified company for auto metal parts and is represented globally with Sales & Service locations in over 14 countries on 4 continents. Their major product lines are chassis parts, transmission parts, powertrain, suspension, and brake systems. Besides forging, AFS offers castings, stampings and stamping tooling, fasteners, and forged and cast wheels.
Interesting rwad here from last year. What a great thing this is, we definately are onto something very big here imo
http://www.autoblog.com/2007/10/25/autoline-on-autoblog-with-john-mcelroy/
MJAM2020, Thanks for everything you have done in terms of your research. What did John McElroy have to say in his email that you mention and also what makes you feel that the merger will happen in weeks and not months?
Thanks Again for everything
OK sounds good, looking forward to hearing what you have discoverd later tonight. Thanks Again.
ETRD short is back in business on JPCI lol, what a joke.
Do you have your camera and research skills all set for showtime soon Looking forward to what you can find out. Maybe you can dig to find out what type of sales revenues asia forging is doing now and in future.
Also nice to hear that the place was still packed even at closing. Very impressive!!!
Thanks for going to check out the show. I'm anxiously looking forward to hear any comments you may have or anything you are able to find out.
Thanks Again
The show is going on right now, April 14th - 17th!!!
http://web.asiaforging.com/news_view.asp?ID=65&nclass=1
JPC Capital Partners, Inc. and Componus, Inc. Extend Invitation to Visit DIAS at SAE 2008 International World Congress.
ATLANTA, April 2 , 2008-- JPC Capital Partners, Inc., (JPCI.OB) a licensed broker-dealer based in Atlanta, Georgia, and Componus, Inc. are pleased to extend an invitation to the general public to visit the Detroit International Auto Salon (DIAS) at the annual SAE 2008 World Congress. The official invitation follows:
We cordially invite you to visit Detroit International Auto Salon (DIAS), at the annual SAE 2008 World Congress, April 14th through the 17th, at COBO Hall, in downtown Detroit, Michigan. DIAS will be located at booth number 1117, close to the main aisle, on the main floor.
DIAS will display the professional services that we are providing; the future vision and the business model for innovative manufacturing and marketing strategies to link local suppliers and global manufacturers with competitive products to meet the current and future needs of the automotive industry. Visitors are welcome to feel the experience and share in the vision of the Detroit International Auto Salon, with its multi-facet of available services.
Wayne County Reception with Mr. Robert Ficano, Executive of Wayne County, along with other Wayne County Officials, will be held at DIAS on April 17th from 10:30 AM to 12:00 noon. Other distinguished guests also include; Mr. Kenneth V. Cockrel Jr., President of Detroit City Council and Mrs. Stephanie Milledge, Policy Analyst of Detroit City Council, Mr. Paul Prestal, Purchasing Manager, Emerging Markets, Ford Motor Company.
This event will provide the perfect opportunity for our guests to get acquainted with the officials responsible for cultivating the future of Wayne County and Detroit, Michigan. This includes the available incentive programs and the excellent business environment for investing in Wayne County.
For more information regarding these events, please feel free to contact our DIAS office at (313) 928-1254 or visit our web-site at www.detroitautosalon.com .
JPC Capital, CEO John Canouse stated: "This is a very exciting and important event for Componus, Inc. SAE International has more than 90,000 members-engineers, business executives, educators, and students from more than 97 countries - who share information and exchange ideas for advancing the engineering of mobility systems."
Componus, Inc. CEO Eric Huang stated "The SAE Show is a grand opportunity for the Automotive industry to come together and showcase their capabilities to the world. We feel fortunate to participate in this event annually and this year we want to take the opportunity to expand our success with the SAE Congress, as we are working on a cooperation agreement for a future mutual partnership. We feel certain that we can complement each other's organizations by a mutual representation for the future business opportunities, especially with a focus on the emerging markets". DIAS welcomes you to come and "FEEL THE VISION".
Looks like no one wants to part with their shares anymore lol Ask side keeps thinning more and more, looks like not much in the way up to the triple digits