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why can't we buy anything from USSE other than shares? when the permits arrive, you can buy all you want.
safe weekend to all. Penn
safe weekend to all. P
Cool. Plan on picking up more in a couple of weeks also if pps is still down. Free money is sporatic at best these days.
Next weeks purchase will triple my current position, and then hopefully double that in a few weeks. My USSE position was in three separate buys over two months. GLTA - Penn.
Mark - Im glad you dont care about being banned. Second tos in as many days. Soon you will gone from here too. LOL.
I have a very low amount of sstp right now. Want more thats all. I dont listen to posters much anyhow. Good for amusement while the wait goes on. Pinkies eh?
Looking to pick up more sstp early next week, only my second sstp, will make more later as excess monies availble. Couple billion shares is nothing if we land a big one.
Go sstp/usse
take it up with goose - he's the one who got ya banned from USSE board, wait a minute....you're the one who got yourself banned with all that "I want my money back" crap.
That should tell you something about maybe how you should conduct yourself here. There are plenty other bashers who manage not to get themselves on the crap list. Take a lesson or two from them....
Well, ya gotta weigh the fact the shares are part of the deal.
I've never liked doubling the amount of shares much myself. But if we can turn 50 barrels a day into 150 - 200 per day, I would allow myself a pat on the back.
Be interesting to see what happens if they get slotted.
Can we expect a similar pr?:
Dear Well Renewal Shareholder:
As you know, I became Chief Executive Officer of Well Renewal in
mid-March this year. I wanted to take this opportunity to introduce
myself and to update you on the progress and direction of Well
Renewal.
I have spent the majority of my career involved in mergers and
acquisitions and structuring financial transactions. After graduating
from law school at NYU I worked at a large New York City law firm,
Skadden Arps. I have since worked with several companies, assisting
them with raising capital and growing their businesses both
organically and through acquisitions.
The opportunity for us to become profitable in the oil and gas
business at Well Renewal is exceptionally promising. Our primary
focus is acquiring quality businesses and entering into joint ventures
with companies that have substantial history in the industry. We are
reviewing a number of companies in the industry, both on the
production and services side of the business, that fit our criteria.
Our focus as a management team is to locate these businesses and to
bring them into the Well Renewal family.
I am looking forward to putting my background in mergers and
acquisitions to work. The senior management team at Well Renewal
also includes Harry Martin our Chief Financial Officer. Harry's
financial background includes serving as the Controller for
multi-million dollar ($500,000,000 and $200,000,000) companies, both
publicly traded companies. As Chief Financial Officer of a multi-
million dollar public company, he was instrumental in acquiring and
merging six companies into the entity. In addition, Andy Goodell is
our Executive Vice President of Operations. Andy has over thirty
years of experience in technical, administrative and management
positions within the oil and gas industry. This experience provides a
solid base for his role to assess the operations of our acquisition
targets, as well as the ability to integrate them into Well Renewal.
In the past six weeks we have entered into two binding letters of
intent. The first with Team Services of Michigan. Team has a
incredibly experienced management team, headed by Don and Tim Tinker.
Team should generate approximately $14 million in revenue in 2007,
resulting in approximately $4 million in EBITDA. We are very excited
about integrating Team, as well as utilizing Don and Tim's vast
knowledge and experience at Well Renewal.
The second letter of intent executed is with Cementer's Well Service
in Colorado. Like Team, Cementer's is run by an exceptionally
experienced and skilled senior management team, headed by Rose and
Jack Stoller. Rose and Jack have been running the business for 30
years. Again, we are excited to work closely with them and
integrating them into the Well Renewal fold.
We are currently conducting an audit of Team. Audits for Cementer's
have already been completed. We have been informed by our investment
bankers that we should be in a position to close each of Team and
Cementer's within the next six to eight weeks.
As illustrated by Team and Cementer's, our criteria for acquisitions
involves finding a proven business, with a sustainable model, headed
by an experienced, highly competent and ethical management teams. We
have developed relationships with investment banking institutions that
will allow us access to capital on attractive terms to complete the
acquisitions. Our goal is to acquire as many quality businesses that
meet our criteria as possible over the next several years. We invite
each of you to present us with opportunities you may be aware of at
any time. We are always on the lookout for quality companies.
Further, our board has determined WRNW will sell all of its owned
lease assets (oil and gas) and concentrate on continued M&A activity
for continued growth. Therefore, I ceased all drilling activity and am
preparing appraisals for the assets to be sold. I am meeting next week
with an oil services company in west TX and other prospects are under
consideration. I am in initial discussions with perspective buyers for
the lease assets.
Financial Update
As you know, we are currently trading on the pink sheets as a
non-reporting company. The primary reason that we are not trading on
another exchange is that we do not yet have audited financial
statements. We are currently working on remedying this, and
anticipate having audited financial statements before the end of 2007.
At that time, we will make application to move to another exchange.
We have also recently completed a net equity capital raise of
approximately $800,000 for the company. During the course of our
equity capital raise we obviously needed to issue significant amounts
of stock. The number of shares currently outstanding is approximately
562,000,000.
We have also initiated the process of raising additional equity
capital of between $1 million and $5 million. We anticipate being in
a position to raise this capital within the next 3 to 4 months.
All of us at Well Renewal are especially excited about the prospects
for our industry. The opportunities that we are currently reviewing
are substantial and, more importantly, very achievable. I look
forward to your continued support as we take Well Renewal to the next
level.
D. Rees
CEO
About Well Renewal, Inc.
Someone wanna tally up what potential income we have from what we know?
Current Grimes production
Potential Dunwich production/income
tyeg OK properties gas and oilwell workovers
charring cross
Talisman well override
wwng OK properties 26 well workovers
others?
a while back we had a real high volume day no hardly any pps movement. hard audience we have sez yoda. Will pick up some more next week when volume peters out. Nice to walk into a whole new set of potential buyers tho.
jrdig7 - please stay on topic here, any more of that and we'll have to give you some cheese and crackerz....
ckid: hopefully those 74 have not been reworked. Once hydroslotted, we'll bump that up to to 150-200 per day. Then there is the leases to re-work.
Hoping that this deal did not replace the East Tex. LOI. That they moved the office to where they did suggests the deal is dead in water.
I figure a bird in hand is worth two in the bush...if this crummy LOI business is all done with, we can get down to biz.
TexasBoston sez tyeg news a-comin soon, and that would be a good thing.
Freeing a little cash this morning for a purchase...wrnw or dvfi? I figure a merger is in the works and why we have this new CEO and office relocation.
One CEO and two competing companies? Old saying that a dog cannot serve two masters.
Penn
DVFI WRNW teaming up see pr today.
forgot to mention a nice East Texas LOI closing soon as far as I know.
Congrats longs. BTW DVFI also owns 27.5% of tyeg....read press releases, rumoured news coming on Dunwich prop. well. Also Oklahoma gas well and oil....
tyeg has rights to "hydroslotting" tech, and N2Vision Software with predictive success of better than 80%.
congrats, DVFI also owns 50% of wwng see news.
Welcome to DVFI family.
P.
Biodiesel news: Gulf Hydrocarbon Inc. recently began offering dye red biodiesel at its Intercontinental Fuels terminal in Houston, which has 420,000 gallons of dedicated biodiesel storage on-site. The dye is injection-blended at the loading rack. Dying off-road fuel red is an Internal Revenue Service protocol, since off-road fuels aren’t subject to fuel tax. Penalties are issued if on-road vehicles are caught using red dye fuel. Gulf Hydrocarbon began wholesale distribution to regional petroleum jobbers in Houston last fall. It now sells off-road biodiesel to Louisiana and Texas distributors with a farmer-customer base, such as O’Roarke Petroleum Products and Temple Oil Co.
when Jupiter aligns with Mars...
frat - I sure hope so. Without a good pr the 46 minutes of trading today was a burp in the normal daily volume of late. Hope springs eternal LOL. GLTA.
P.
tfzp share structure:
Posted by: ckid
In reply to: None Date:10/24/2007 1:37:40 PM
Post #of 811
Outstanding Shares
86,033,240 as of Oct 10, 2007
Authorized Shares
100,000,000 as of Aug 22, 2006
Number of Share Holders of Record
870 as of Jun 30, 2007
Float
24,500,000 as of Jun 30, 2007
per PinkSheets.com
last trade 30,000 @ .05
DVFI rumour: tyeg coming out with POSITIVE Dunwich news this week, as well as updating OK project. May turn out to be significant revenue pr if the monsta Dunwich well came in. The OK gas line completed, OK wells re-completed and producing.
Gee, think the LOI is done?
Is dvfi gonna be a ten bagger this week? time will tell but I'd rather see the pr on Monday.
Who will pr first, Torque or Diversified? Cant seem to find Torque site anymore. Should be a lot to report on.
I envy you copley...hoping that USSE did submit biz plan to Khoslaventures,and it goes through. Perhaps if it does I'll get a nice finders fee payable in shares.
Having a few reactors up and running 24/7 is what we need to attract the big bucks, and maybe thats what will happen at the agrimax facility.
Hoping Ron from Con will make another trip soon and report..
Penn.
I talked to the dude with the french accent for quite a while and tried to run him in circles a bit(different approaches to same subject)and it sure sounded to me like at least one reactor was destined for agrimax, and reference was made by him about the 200,000 bushels of feedstock that was delivered.
Ron Adamowicz of Geobiofuels visited the facility and could probably tell ya how many LARGE holding tanks were in the yard, but it was mentioned that MORE were on the way.
The way it was explained to me is that having large quantities of B100 stockpiled may help get the deal signed, as there will be no waiting and no excuses for first delivery.
The expansion there is privately funded, and USSE has plenty of $$ to cover payroll.
Hope that helps. -P.
why ask me or the board alstocks, why not phone the man and talk to him like I did? If you want to know that bad give him a call. LOL
Why should any long answer you even if they knew? I know I wont. If I wanna know something I pick up the phone and call.
" did he present it and how well was it received" wrong question there alstocks. If one does not attend,it might be a little hard to present.....
in any case you are discussing a posters actions or reasons for his/her actions. this is a board to discuss usse, not what a poster from another board does or does not do.
cheese and crackers with your whine? are you aware how much like a baby you sound? Dont play with money you cant afford to lose.
Thats basic investing 101 for any stock, triple that for pinks.
up from here.....
volume and pps holding steady....
- I crack myself up. LOL - P.
powerplantop: exactly my point....both bulls and bears expect a new product to go to market the day after they are created or found. it has only been a few months for both OD66 and B100 announcement.
366.5 days young, and making great progress....
500 - to substantiate rumour,simply call amspec. Whether or not the powerplants will use it is another question that remains to be answered.
As I understand it, powerplants need to apply for permits to burn substitute fuels. That takes time.....
366 and one half days young, and making progress.
Rumour - amspec has just approved our biocrude for use in powerplants. - This can be verified by calling boone at amspec.
ONe step closer!
phgi should double over next few months,pbls showing a little life.
How prophetic - watching a movie called "The Formula" made in 1980 about synthetic gasoline and a murder plot....stars George C. Scott and Marlon Brando.
Too much! LOL - P.
I removed the post because I failed to post it as rumoured. Sorry. - P.
a posting on the other board. Unfortunately no link to proof. Good to see JR has finally responded to greenbelt.
In the court document (claims)also alludes to using SEC information as I read it, but Im no lawyer. It appears we have the upper hand on this one?
Cash: agreed. But USSE had to respond to it sooner or later. Still gonna cost somebody somthing.
JR sues for 200MM according to court documents.