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So far , so good
jonesie
"What am I missing? Anybody?"
I found 10 more minutes before I gotta go , so here's food for thought:
In the past when I've estimated TIV's quarterly revenues as calculated by what they reported to DOGGR and multiplying by the closing price of LSC and NG each month ... my spreadsheet nets out TIV's portion , i.e. , it takes out the OPUS cut and an estimate of recovery costs , royalties etc.
Since I haven't updated that spreadsheet through 2Q08 as of yet , when I did the calcs in the post replied to here , I did NOT net down TIV's portion.
I guess the underlying question is this: Are the Oil/Gas revenues reported in the 2Q08 Quarterly Report ($1.25MM) net after all the deductions , or gross before the deductions.
Since I haven't seen any mention of 'we paid OPUS this or that' in the Q .... I'm thinking they're already net , which is kind of a 'duh' since TIV would only report the revenues which accrue to TIV.
So ..... if $1.25MM is actually somewhere around 20% of the GROSS .... then that would mean the GROSS was in fact something like $6.25MM!
Even if we put that 2007 'discount' of 22% on TIV's production sales we'd still have $100/bbl average sales price.
Maybe even knock that down a little more since PV is 'heavy' oil , geez , call it $90/bbls.
Divide THAT into $6.25MM and you get over 69,000 bbls of gross production in 2Q!
If April was same ol' same ol' production of around 4000 BOE per month , that leaves 65,000 bbls equivalent of oil/gas to spread over May and June , with possibly most of THAT being in June.
In any event , it's entirely possible that TIV was in fact producing an average of around 1000 BOEPD in May and June , with May probably being somewhat lower on average and June being somewhat higher.
Kick those numbers around a bit and see what you think , but again , if the TIV revenues in the Quarterly are net (and I think they are) .... TIV is producing a lot more than I might have thought.
And the bigger the discount they might be giving up on 'heavy' oil , the higher the production would have had to be to hit those net revenues numbers.
Any thoughts? Basically , if ever I'm wrong I will certainly admit it , and it appears that I could have been wrong based on this quick re-evaluation of the 2Q08 10-Q.
That's all I got , I'm outta here for a few.
jonesie
geo , not much time at the moment ...
... but later today I'm going to address some of the calcs I made yesterday as to how many bbls (equivalent, whatever) TIV might have actually sold in 2Q08. I think there might potentially be a flaw in my calcs.
Does anyone else see it? ;) C'mon guys , you've got a few hours to figure it out , and just knowing that there might BE a flaw is a big hint LOL
jonesie
Most of the increase in Outstanding Shares:
From the 10-Q:
"Item 2. Unregistered Sales of Equity Securities
During the second quarter of 2008, the Company issued 527,155 shares of restricted common stock to private investors at prices of $5.00 to $8.00 per share for a total consideration of $2,981,002."
That would be at an average price of about $5.65 per share.
The average is lower than the lowest intraday price during the 2nd quarter , and $5/sh is a LOT lower. Nice discount , must not have sold TOO many at $8/share.
I wonder if any warrants came with those?
What happened to the past practice of PR'ing and/or 8-K'ing these private placements? Seriously , selling shares and diluting shareholders isn't Material Information any more?
jonesie
Recent (August) volume has been ....
.... even higher than that surrounding the Bena-rumor back in June.
And I suppose it's only normal to see the dollars trading being substantially lower than at other times in the past.
In any event , this sure beats days like some of the ones we had not too far back , where 800,000 shares traded around .0035 for a total day's trading of $2800 lol.
An interesting perspective on volume/dollars-traded at a few points over the years.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
That trade has now been removed.
Surely they will , cloud
Anybody see how many shares went off at .0008? Hopefully not too many lol.
jonesie
cloud , re: 'buy/sell' graphic
As krays pointed out , it's an IHUB feature. And you didn't miss it for 4 years , it's a relatively new feature.
In adfvn's explanation of that information it says that a trade executed closer to the bid than the ask is recorded as a 'sell' and a trade executed closer to the ask than the bid is recorded as a 'buy'. Those right in the middle are recorded as '?'.
So , it's a rough estimate but it is kind of fun since it shows cumulative numbers in each column which update as the day progresses.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
SHORT INTEREST AS OF TRADE DATE 7/28/08
Short Interest for TIV as of Trade Date 7/28/08:
3,907,211 shares
Short interest was down 182,203 shares during the most recent reporting period. This period covers trading from 7/11 through 7/28.
Month-----ShrsShort---- % Change
---------------------------------
Jul 2008 - 3,907,211 ----- (-4.45%)
Jul 2008 - 4,089,234 ----- +59.96%
Jun 2008 - 2,556,428 ------ +9.99%
Jun 2008 - 2,324,030 ------ +1.21%
May 2008 - 2,296,132 ----- (-1.90%)
May 2008 - 2,340,630 ------ +0.86%
Apr 2008 - 2,320,625 ----- (-1.61%)
Apr 2008 - 2,358,507 ----- (-1.16%)
Mar 2008 - 2,386,251 ----- (-0.30%)
Mar 2008 - 2,393,494 ----- (-0.37%)
Feb 2008 - 2,402,283 ----- (-0.43%)
Feb 2008 - 2,412,708 ----- (-0.17%)
Jan 2008 - 2,416,782 ------ +1.88%
Jan 2008 - 2,372,266 ----- (-0.40%)
Dec 2007 - 2,381,745 ------ +0.02%
Dec 2007 - 2,381,262 ----- (-0.02%)
Nov 2007 - 2,381,837 ----- (-0.83%)
Nov 2007 - 2,401,841 ----- (-3.97%)
Oct 2007 - 2,501,137 ------ +0.71%
Oct 2007 - 2,483,500 ----- (-0.30%)
Sep 2007 - 2,490,932 ----- (-0.84%)
Sep 2007 - 2,511,943 ----- (-0.56%)
Aug 2007 - 2,526,079 ----- (-3.35%)
Jul 2007 - 2,613,736 ----- (-4.92%)
Jun 2007 - 2,749,037 ----- (-0.42%)
May 2007 - 2,760,565 ----- (-0.39%)
Apr 2007 - 2,771,400 ------ +1.82%
Mar 2007 - 2,721,853 ----- (-0.57%)
Feb 2007 - 2,737,463 ------ +1.64%
Jan 2007 - 2,693,334 ----- (-2.77%)
Dec 2006 - 2,770,185 ----- (-1.5%)
Nov 2006 - 2,811,009 ---- (-11.9%)
Oct 2006 - 3,192,293 ---- (-2.27%)
Sep 2006 - 3,266,297 ----- +0.09%
Aug 2006 - 3,263,093 ---- (-5.04%)
Jul 2006 -- 3,436,104 ---- (-17.3%)
Jun 2006 - 4,156,544 ---- +13.87%
May 2006- 3,650,143 ------ +1.83%
Apr 2006 - 3,584,379 ----- (-5.41%)
Mar 2006 - 3,789,445 ----- (-4.23%)
Feb 2006 - 3,956,897 ----- (-3.56%)
Jan 2006 - 4,102,837 ------ +3.86%
Dec 2005 - 3,950,446 ----- (-1.88%)
Nov 2005 - 4,025,937 ------ +5.01%
Oct 2005 - 3,833,789 ------ +1.39%
Sep 2005 - 3,781,376 ------ +9.56%
Aug 2005 - 3,451,421 ----- +24.25%
Jul 2005 - 2,777,900 ----- +39.66%
Jun 2005 - 1,989,039 ----- +20.65%
May 2005 - 1,648,631 ----- +40.68%
Apr 2005 - 1,171,931 ---- +113.52%
Mar 2005 --- 548,854 ----- +86.95%
Feb 2005 --- 293,590 ---- +327.46%
Jan 2005 ---- 68,682 ----- +96.67%
Dec 2004 ---- 34,923 ----- +37.38%
Nov 2004 ---- 25,421 ----- +10.40%
Oct 2004 ---- 23,027 ---- +408.66%
Sep 2004 ----- 4,527 ---- (-59.68%)
Aug 2004 ---- 11,227 ---- +132.59%
Jul 2004 ----- 4,827 ---- (-31.31%)
Jun 2004 ----- 7,027 ----- +55.22%
May 2004 ----- 4,527 ------ TWBFTS-
Apr 2004 ----- 4,527 ---- (-94.73%)
Mar 2004 ---- 85,881 ---- (-13.21%)
Feb 2004 ---- 98,951 ---- (-00.88%)
Jan 2004 ---- 99,833 ----- +00.89%
Dec 2003 ---- 98,951 ---- (-18.30%)
Searching For PV Oil & Moffat Gas in the 10-Q
Back when the 2007 10-K was filed we saw a 'discrepancy' between Light Sweet Crude Oil closing prices and what TIV sold their oil for during 2007.
While the simple average of Light Sweet closing prices was $74.94 in 2007 , TIV sold their oil for an average price of $58.23/bbl , or about 22% less.
From the 2007 10-K:
Average Sales Price
2007 2006
Gas(MCF) Oil(BBL) Gas(MCF) Oil(BBL)
$7.15 $58.23 $6.45 $57.10
Here's something that DID go up ....
.... besides the operating losses.
Another 600,000 shares were issued issued in about 2 1/2 months.
The number of shares of Registrant's common stock outstanding at April 30, 2008, was 26,404,109.
The number of shares of Registrant's common stock outstanding at July 11, 2008, was 27,012,589.
Anybody remember what that 600K shares was for? I don't remember seeing any 8-K's on private placements. Maybe it's in the 10-Q , I haven't gone through the entire thing yet.
jonesie
How many bbls of oil and mcf of gas ....
.... did TIV sell in 2Q08?
Hard to say since they lump oil/gas revenues together ... but we do have April/May production numbers as posted on DOGGR.
Now , I think it is safe to assume that although production from PV and Moffat are Confidential as far as reporting to DOGGR , the revenues from those wells are included in the revenues TIV just reported.
In April TIV had production of 2067 bbls of oil and 12,019 mcf gas , for a BOE per month of approx. 4067 and a BOE per day of 136.
At the closing prices of oil and gas in April from
http://www.tfc-charts.w2d.com/chart/CO/M/ and
http://www.tfc-charts.w2d.com/chart/NG/M
April oil/gas revenues would have been 2067 bbls x $113.46 + 12,019 x $13.35 = $394,975 , not counting any PV/Moffat 'Confidential' production.
In May TIV had production of 2347 bbls of oil and 11,470 mcf gas , for a BOE per month of approx. 4259 , and a BOE per day of 142.
At May closing prices TIV oil/gas revenues would have been 2347 x 127.35 + 11,470 x 11.70 = $433,089 , not counting any PV/Moffat 'Confidential' production.
Subtract April + May oil/gas revenues from 2Q08 oil/gas revenues of $1.25 million and that leaves $421,936 for June oil/gas revenues.
Hmmm , that's less than May's revenues.
So I guess we've had one question answered for us:
If in April we had approx. 136 BOEPD and in May we had 142 BOEPD of production .... it doesn't look like June production could have been any more than 142 BOEPD.
With June's closing oil price being up to $140/bbl and June's closing gas price being down to $10.84/mcf .... I really can't see where numbers such as the PR'd numbers shown below could have been anything other than test/trial/short-term production rates , possibly extrapolated from very short-term tests.
"On May 8, 2008 the gross daily production of oil and gas from the Company’s 39 active wells reached 1,015 barrels of oil equivalent"
"already attained a production rate in excess of 1,500 barrel of oil equivalent per day (BOED) on May 13"
"June 27, 2008: Tri-Valley Corporation (AMEX TIV) has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED"
In fact , assuming that June's non-PV and non-Moffat production was at least similar to April's and May's .... it's hard to see where any revenues from PV/Moffat 'C' wells are showing up at all?
What am I missing? Anybody?
All I can think of is the following:
We know from previous 8-K's that TIV hasn't sold their oil/gas at anywhere near the closing prices shown at the two links above. So maybe their actual revenues for April and May were much lower than what I estimated above , leaving more revenues to be applied to June , thus leaving some room for some PV or Moffat 'C' wells revenues?
JMO
jonesie
Increase in oil and gas revenues YTD 2008:
"Oil and gas revenues in the second quarter of 2008 included approximately $1.25 million from the sale of oil and gas"
This compares very favorably with 1Q08 at which time TIV said:
"Oil and gas revenues in the first quarter of 2008 included approximately $382,000 from the sale of oil and gas"
That means gross revenues from the sale of oil and gas grew by approx. $868,000 in 2Q08 vs 1Q08 , almost $300K per month.
jonesie
Rig & refurbishing operations
Revenues from rig operations totaled $0.6 million in the second quarter of 2008, which was all from drilling contracts and completion operations, which was the same as the revenue from rig operations in the second quarter of 2007. GVPS did not realize operating revenue in the second quarter of 2008 due to taking our rigs out of service to conduct comprehensive inspections and API certifications to enable universal industry utilization of our fleet for third party revenue generation. The operating loss in the second quarter of 2008 was $1.5 million, compared to an operating loss of $0.5 million in the second quarter of 2007, or an increase in the loss of $1.0 million. $0.9 million of this loss was due to the write down of the rig and rig related equipment that was sold.
GVPS was established in 2006 in response to a then acute shortage of contractor supplied production rig services in California. GVPS enabled TVOG to significantly accelerate production via well work and newly drilled wells than afforded by existing rig contractor rig availability. However, since 2006 the California rig supply has caught up to market demand. GVPS began to consider alliances with various production service firms to increase rig availability for an increasing number of TVOG active and idle wells. In June 2008, GVPS agreed to sell all of its production and drilling rigs and down hole tools to Excalibur Well Services, Inc. in exchange for cash and a highly attractive, preferred client status for well servicing. The sale was completed in July 2008 for a price of $4.8 million. GVPS recognized an impairment loss of $0.9 million in the second quarter to write down the value of the assets being sold to the sales price.
Results of Operations
Three months ended June 30, 2008 Compared to three months ended June 30, 2007
For the quarter ended June 30, 2008, revenue was $2.3 million, compared to $1.4 million in the second quarter of 2007, an increase of $0.9 million. We had an operating loss of about $3.3 million in the second quarter of 2008, compared to a loss of $2.8 million in the second quarter of 2007.
For the six months ended June 30, 2008, revenue was $3.9 million, compared to $3.0 million in the first six months of 2007, an increase of $0.9 million. We had an operating loss of about $5.4 million in the first six months of 2008, compared to a loss of $5.0 million in the first six months of 2007.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
2Q08 Quarterly Report filed
http://www.sec.gov/Archives/edgar/data/22551/000116267708000081/trivley10q.htm
Short Term chart .... so far , so good
Staying on the uptrend line starting at the 7/31 close and passing through .0052 , which was a perfect 61.8% Fib. retracement of the gain from .0024 to .0097
jonesie
increasecometh , correction:
"Is the authorized correct at 1.035 billion?"
I answered: That's probably about right.
I read too fast and answered as if you had said 'outstanding'. Outstanding is about there, somewhere a bit over 1 billion.
Authorized is as I said in my original reply to you, 5B.
Sorry for any confusion.
jonesie
Hi increasecometh
"why may I ask has the sp gotten drilled so bad"
Huge pending dilution due to a lot of floorless convertible financings , along with virtually no revenues.
"how soon before this product the neoreader generates revenues?"
We really don't know. Some are hoping for some time next year I guess?
"Is the authorized correct at 1.035 billion?"
That's probably about right. 2Q08 filing out soon. In the 1Q08 quarterly filing the company told us that the Fully Diluted share count (due to those convertible financings) was around 9.6 Billion shares ... and the Authorized Shares are only 5 Billion.
"Is there any claims of NSS or reverse splits"
Kindasorta. In the last financing which was 8-K'd recently, one of the provisions for the 3rd tranche was that the company would do a reverse split. Ostensibly this would benefit the financier by giving them a larger percentage of company ownership , possibly raising their ownership from a potential 80% to 90%+.
Others can give you some info on pending deals and/or possible reasons for anticipating success , I tend to focus on the filings and what the company has said vs what they have done.
JMO
jonesie
Thanks alexyba ....
.... what is your take on any possible effect these recent SEC moves might have on TIV's short interest 'situation'?
jonesie
Last 20 or so trades
The day was just about dead even buys vs sells (as the day's candle would imply) , until that last Form T after hours trade.
Today's candle: Spinning Top. Suggests indecision. I think that is right on the money.
Short term chart ....
We really have had a nearly perfect Fib. retrace so far , including the LOD today.
If there is some serious buy-in that the news to-date (NeoReader on iPhone / continued financing) is very positive , we could well continue up a trendline as shown in the below.
JMO -jonesie
8-K out: Item 5.02 Election of Directors
Effective August 4, 2008, the directors of Tri-Valley Corporation appointed James S. Mayer to our board of directors to fill a vacancy on the board of directors left by the retirement of Milt Carlson from the board.
Mr. Mayer is the President of Magic Investment Projects, LLC, a U.S. private equity firm. He formerly served as the first vice president, investments for Citigroup Global Markets, Inc. from 2004-2006 and as vice president, alternative investments group for Merrill Lynch from 1999-2004. Prior to that, he was executive vice president of North American operations for Netzsch Inc., a large private German firm. He served as director, strategic business development for the Perkin-Elmer Corporation. Mr. Mayer has a bachelor’s degree in chemistry with a minor in physics from State University of New York with graduate studies in finance, securities law, alternative investments and international marketing. He serves on our Finance Committee. He is an independent member of our Board of Directors.
Mr. Mayer will serve until our next annual meeting of shareholders, scheduled for October 4, 2008. Mr. Mayer has been nominated for election at our annual meeting to a full term on the board.
http://www.sec.gov/Archives/edgar/data/22551/000116267708000079/trivley8k.htm
So far , so good!
Volume trending downward the last 3 days which I think is actually a GOOD thing in the current situation.
jonesie
Hard to say, lemonhead1de ...
... but it looks like we might not have anything going related to the Olympics.
There have been many past comments about efforts/deals/liaisons in China.
Some even promised revenues.
A few:
-- NeoMedia expanded its presence and broadened its business opportunities in China by signing an operating agreement with Shang Fang Wei Ye Technology Development Limited Company of Beijing to introduce and market NeoMedia's patented qode® (www.qode.com) direct to Web technology in key markets in Asia.
-- NeoMedia announced expansion of its marketing efforts in China through an agreement to provide its flagship direct to mobile web qode® technology for a popular social networking Web site with more than 2 million registered users. NeoMedia said it signed an agreement with Cyber Century of City Here, a leading Internet marketing firm, whose client list includes Cisco® Systems, Nokia®, Motorola®, Intel®, Hewlett Packard®, Lucent, and China Mobile, the market leader in mobile services in China. Mr. Copus said “every click by a VIP GBQ Code Holder will generate revenues,” with per click and monthly plans available to users.
-- NeoMedia today reported that three major insurance companies in China have signed agreements to use its patented qode® technology. NeoMedia’ s China Strategy Paying-Off.
-- NeoMedia announced today that two more major insurance companies in China have signed agreements to use its patented qode® technology.
-- NeoMedia is now laser focused on our core code- reading business in North America, the UK, mainland Europe and China.
Those all seem to have gone the way of this big revenue generator: (remember the nickel a click and 4 clicks per transaction?)
-- Javien Digital Payment Solutions will incorporate the power of the NeoMedia qode® platform into its persuasive Total Commerce Solution™ allowing for a complete billing, couponing and content product acquisition and resolution offering. NeoMedia will earn $0.05 per click and expects each transaction to generate up to four clicks.
jonesie
It will be nice to see NeoMedia start to gain traction.
Any traction.
I wonder how the neo@ogilvy rollout/deployment is going.
Or the rumored (but not PR'd?) Hutchison Whampoa HongKong 'thing'.
Today will tell the tale as to whether the ~62% Fib. retrace is enough and we get a rebound , or if we'll lose more of that quick gain due to it not having been revenues-supported.
I'm hoping for gain!
("a small fortune" reminds me of the old joke 'Know how to get a small fortune? Put a large fortune into NeoMedia stock.' Of course, to many of us that's not really a joke.)
jonesie
TIV still hanging in around $7 ....
.... if this keeps up one might reasonably assume that current anticipation/interest has caused the baseline support to ratchet up a buck.
While the chart indicators are still a bit mixed ... Acc/Dis and CMF(5) and CMF(20) all seem to be saying that money is flowing IN to the stock rather than out.
JMO
jonesie
Yep , and if it works on the slower EDGE network ....
.... like the original iPhones use , the ones a lot of folks complained about due to 'slower' speeds .... it will work even better on 3G phones ... including the new iPhones.
So many capabilities about to converge into all of our little handheld devices ...
jonesie
LOL . exactly N E O M ...
... I was supporting your calculations , not sure why others weren't.
Speaking of "very close" , this morning NEOM came VERY close to a perfect 61.8% Fibonacci Retracement. Often that is the most retracement a stock will see after a quick steep climb like we saw 8/1-8/5.
JMO and good luck to us all!
jonesie
NOTICES TO DRILL, RE-WORK, ABANDON
0 notices for Tri-Valley for week ending 7/26/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/07-26-2008.pdf
Mobile Couponing in Germany, McDonalds 12Snap and Gavitec results from Pilot
by: Bena Roberts Thursday, August 7th, 2008
In July there was a Mobile Couponing Pilot in Germany.
It was tested at MacDonalds and during the trial 10,000 consumers used the coupon service. The two week promotion was the brain child of Gavitec and 12Snap.
More information here
http://www.pressebox.de/pressemeldungen/gavitec-ag-mobile-digit/boxid-195978.html
Sorry its all in German – but I can’t translate the whole lot. Really stressful day today working on a markeitng plan for Visibility Mobile…
But its great to see that Germany is warming to the mobile coupon.
http://www.gomonews.com/mobile-couponing-in-germany-mcdonalds-12snap-and-gavitec-results-from-pilot/
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
The only gap NEOM has had ...
... which wasn't at least covered by the immediately preceding day's intraday trading , occurred on Aug. 1 , possibly leaving a gap between .0028 and .003. However even that gap in price experienced some trading several days prior.
Meanwhile at .006 we've had an approx. 50% retrace of the 3 day gain. As you say , it would be great to get some news to keep this from moving South any more.
jonesie
I don't know what that means , in4it
It says YA Global is the buyer.
Unless theories of secret consortiums being behind Series A (no , Series C , no , Series X) Preferred Convertible shares are true. Or rather than simply coming out of the closet and being the $10MM Equity Investors various NEOM execs promised in the past , these potential mystery investors in NEOM have chosen a rather Machiavellian method of "investing in" NeoMedia by saddling NeoMedia with crushing dilution.
Which of course would be my theory , that if any accredited investors are utilizing NEOM stock (or custom 'derivatives') as a way to make money , they are somehow making that money by virtue of a falling share price and the availability of a pool of common shareholders who buy shares dumped onto the open market.
YAGI is 'hedge fund'.
From wikipedia:
"Since a hedge fund's investment activities are limited only by the contracts governing the particular fund, it can make greater use of complex investment strategies such as short selling, entering into futures, swaps and other derivative contracts and leverage.
As the name implies, hedge funds often seek to offset potential losses in the principal markets they invest in by hedging their investments using a variety of methods, most notably short selling. However, the term "hedge fund" has come in modern parlance to be applied to many funds that do not actually hedge their investments, and in particular to funds using short selling and other "hedging" methods to increase risk, and therefore return ...."
Just FWIW and in the context of possible 'mystery investors'.
jonesie
p.s. YJ , L.P. = Limited Partnership. See above for one possible scenario.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
in4it , the 'Buyer' is Yorkville.
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of July 29, 2008, by and among NEOMEDIA TECHNOLOGIES INC., a Delaware corporation (the “Company”), and the Buyers listed on Schedule I attached hereto (individually, a “Buyer” or collectively “Buyers”).
WHEREAS, the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the Buyer(s), as provided herein, and the Buyer(s) shall purchase (i) up to $8,650,000 of secured convertible debentures
If you scroll all the way to the bottom of this filing , you'll see that YAGI is the only 'Buyer'
http://www.sec.gov/Archives/edgar/data/1022701/000114420408043681/v121767_ex10-1.htm
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
The last 40 or so trades today ....
.... including a sizeable Form T (After Hours) trade of 3MM shares at .0071.
You are very close N E O M
Actually it would be a 19,900% increase to go from .0024 to .48
(The increase itself is 199 x .0024 , then add in the original value of .0024)
But 20,000% is close enough for horseshoes , and close enough in my book!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
How about this for a Fib retrace ...
.... pretty much right on the money so far.
"and your saying they are flying below the radar. And no one knows about their deals"
I didn't see him say that.
"I don't care what kind of PIPE it is. The company is still taking advantage of the little guy because they are getting stock at a discount and diluting the existing equity holders. So they are not as toxic as others"
"everyone is screwing everyone in the world of finance and no one should invest in any stocks or bonds."
I agree that 'the little guy' usually gets beat up. But IMO there's a big , no , HUGE difference (to the common shareholder) between someone getting stock at a discount in a traditional PIPE and a structured PIPE containing toxic floorless convertibles. The magnitude of the dilution in the latter is at times exponentially greater than in the former.
I'm glad this board will continue on posting info on N/I/R deals and certain other deals as it always has.
Keep up the good work everybody.
jonesie
I have no idea aztreedoc
I don't use 5 day 5 minute charts for anything other than to occasionally show an 'intraday' short term uptrend line in something like one of these '3 days in play , ...?' deals. You could be right I suppose , I just don't know. (horrible analogy though lol)
We're not doing all that bad at the moment IMO , and that intraday chart does show where the current level of support is holding , at least for now.
Below is an example of some recent (very recent) '3 days in play , take your pay' action. This one got some good news , but without revenues associated with the news , at least for now. That's at least similar to what we're experiencing with NeoMedia at the moment , the PPS action is illustrative of what happens many times in a situation like this , and is similar to NeoMedia's PPS action -- 3 days of 'up' followed by some consolidation , or what someone else here called digestion.
JMO -jonesie