No dilution. Let's see the updated SS before you make up stories.

I think the panicky flippers are done. Accumulation time.

If we can knock down that .082 it's clear sailing to .10+.

You have no idea if the 45M will be restricted or not. Even if they were unrestricted, the O/S would still be under 80M. That's hardly epic dilution. Stop the fear mongering over nothing and wait for the updates.

If you're wrong though...I would want to be owning some shares. A lot of shares.

Agree. Official documents speak a lot louder than unverified conversations. It'll happen when it happens. Or it doesn't. Wouldn't be the first time I bought on a rumor that never happened. I just happen to have a lot more invested this time, so I pray it's legit.

They only reason I haven't taken the loss let is the updated filings and TA verified. That all points to the rumors being accurate.

You have no evidence whatsoever that this ticker or the new owners of this ticker has ever been involved in that kind of activity. None.

My prediction: If they have any revenue at all, their market cap could hit the 50-100M range short term. That's $1.50 pps minimum with potential for 5-10x higher if they have net profits and substantial land assets.

It's in the 8k.
Plan of merger agreement.

My take: the 6M shares released were negotiated before the merger was signed. It's not unreasonable to expect some concessions to close the deal. If that meant some legacy shareholders could be allowed to actually sell some shares, then so what? It happened around the time a normal lockup period would expire. It was easily absorbed by the rest of us buying. It was unfortunate they did it all at once and induced a panic sell, but in the long run it helps liquidity.

The execs hired recently are not board members or upper tier executives. They don't need an 8k, but they did get a PR as a courtesy to shareholders.

Soooo, this week is it then?

I guess I can wait longer if they need longer. I'm down enough to have better odds waiting it out than taking a loss. But damn this is getting frustrating.

It's not an increase really. AS wasn't known prior to merger. And 500M is not that much. Plenty of others have AS in the billions or unlimited.

But AS is not all that relevant since market cap is figured on outstanding shares. And there's well under 100M of those, possibly under 50M, which bodes well for a share price in the dollars in short order.

I believe they have intentions of uplisting asap (from a Disanti quote), so they want to get that pps over $4. That means they keep the O/S low for now.

I would have to think they've been working on preparing financials at least since they got custodianship if not earlier. Hopefully they'll submit soon. I'm anxious to see what they've got going on. I would be thrilled if they actually have revenue and profit, but I'm not going to assume anything yet.

Well I had it backwards. Rigworx is dissolving and United Energy remains. I like this name better anyway. lol Either way, UNRG is alive again!! Stop sign should be removed this week maybe??

Well find out soon how much land they own and wells they operate.

THIS company was not in existence in 2012. I know you've been following this so you are well aware Rigworx is merging into UNRG and that the official owner is now Rigworx, not United Energy. You are purposely misleading for what reason?

Thanks! Looks good. I'm hoping they plan on uplisting later, so that share count could still get the share price they need. Hopefully, that works out. :)) We'll have to see what assets they've got, but I'm optimistic.

I see 500M Authorized. Does 1:1 mean the 31.5M O/S is still accurate? With small float?

Monday will be the last cheapies ever. Nobody gonna sell for pennies. This is going dollars. BIG OIL BABY!!! $$$$$$

They didn't update their financials and TA for nothing.

Denial and misdirection won't stop the merger from happening. Get in now if you want to make money. Low float. This is going to dollars easily. Oil & gas. Think about it...

LOL

It's still cheap. Going to $2-3 I bet next year. This is OIL STOCK.

Plenty of daylight left. 150% close?

Also, BOOOOOOOOOOOOOOOOOOOOM! So glad I didn't take my $4k loss :)

Does Nevada SOS post whether docs and fees were filed? Will there be a record of that? Or do we have to wait until they actually change their status in a few weeks before we know anything has happened?

I'm still in with 10K shares. I sold my 23k cheapies long ago and now stuck with my $.48 buy that sucked back all my profits. So that's down almost 90% now. I'll give it until the rest of forever before I sell since they're not worth much more than a few rolls of toilet paper right now. lol

I don't see Disanti as one to deceive everyone. He's not a known scammer. Not in the least bit. So this could be a really good ticker down the road, right? In fact, the only thing that went wrong that I can see is that 1 person in iHub made a wrong DD connection about the REIT, and the idea became taken as fact when it wasn't. That's our mistake, not Disanti's. We'll get some filings soon and then we'll get back into the money making business with a new crop of investors. I think it'll happen before the end of the year.

What crash? Did I miss something? TD still shows me up a bag-fifty.

I haven't seen any real facts about what happened. It appears to me from the dates he took over as CEO after the actual scammer CEO Pinedo was fired. True, it looks bad on the resume, but do you know for sure he had a hand in whatever they did, and that it will happen here? I can't say either way. I'm not defending Sam, but I'll give him a chance to make me some money. Everyone who freaked and panic sold aren't doing me any favors.

3am is code for that court. It means no public hearing. It's just a judicial revue of the docs, in her chambers. There's no one contesting, so no arguements needed. It's pretty much just shuffling and stamping papers. She'll sign the docs and notify the parties if custodianship is granted or not.

Agree. People are ignoring the fact we have a real company moving in. Rather silly to sell a big loss right now before the filings hit. I mean, that was everyone's plan all along, just happened to be a different company.

Red herring BS.

Tony has nothing to do whatsoever with the operations of the merging company and you know it.

If you know a good source, I'm in on the bars. lol I've bought mostly pot stocks this past year and that's been a colossal failure.

Yep. Means there's no arguments, just the judge signing the papers in her office. BOOM.

I love space. I'm so in on this. Got a few shares today for fun. I'll see what I can shed tomorrow to a get bunch more. :)

A lot of butthurt going on. Can't blame them really. I'm down a bunch on the shares I have left. I get it. At least I can see there's a chance to get something back once the new company starts reporting. This doom and gloom panic selling is an overreaction IMO. Very little chance it's worth less than $1.00 in a few months. I'm not convinced Sam Smith is what some people make him out to be.

Why be mad at Sam Smith? He hasn't even officially merged the company yet. We have no idea what assets there are, revenues or anything else. The filings will come and then you can be mad if it's not worth buying shares in.

I figured the only reason you were still here was because you were down. Valient effort to pump it though. lol

You do know why it's a custodianship and not a buyout, right? Because the owner is nowhere to be found or dead. It's abandoned.

Give it a rest, this scenario is not remotely plausible.

KNC paid $1530 for the court filing to take over custodianship of EXLA shares.

We don't know who KNC's client is, of course. Or if there even is a buyer for a merger afterwards. We do know the lawyer, Peter Chasey that is handling the court case just successfully completed a custodianship and merger for United Energy for the same judge in Nevada. Who knows where it goes from there? Pennies or dollars for the new owners??? That's the gamble and why we're still trading subpennies. Once we know, good luck getting shares for next to nothing.

Anything could happen, but would be a bit of reach to think that it's Helmer Directional Drilling trying to take custodianship of it's own company. That it owns. Already. I think the judge would have probably not granted the hearing for that one. :)

So how much of the Pilgrim deception was Sam Smith a) aware of and b) a participant of? Do you know? Or is he just guilty by association by having the misfortune of taking over a sinking ship?

Based on filings, the officers of Pilgrim on 5/15/17 were
Rafael A Pinedo, Chairman
Stephen Richardson, CEO

On 6/19/17 the chairman was:
Rafael A Pinedo

On 6/29/17 the SEC suspended Pilgrim for accounting and disclosure issues.

On 6/29/17 Rafael Pinedo and Stephen Richardson resigned as Chairman/CEO and Sam Smith named new CEO.

On 6/19/19 Wyoming SOS changed business status to inactive for tax delinquency. They have not been reinstated.

I don't know what happened after Sam Smith became CEO. There aren't any filings since the suspension. Was there any wrongdoing in the 2 years since Pinedo left, or did he just take over a company in disarray with no hope of success?

Sam appears to be knowledgeable and well-connected in the industry. Maybe with this fresh start by founding Rigworx, he can accomplish what Pilgrim could not. As of now, I see no other "scams" related to Sam Smith.

Douglas Disanti vouches for his integrity. That's worth something to me. I'm not one to just carpet bomb everyone with the scam label because it's fun.

So short sighted and blatantly misleading. There is news. Big news. If you haven't heard, we have a new owner. Filings soon, assets revealed, reversal imminent.

Dollars are coming and you want us to give away our shares for free. Nope.