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Careful folks, this is starting to go back down hard, and I can't find any valid reason for it to have gone up. It stinks of manipulation.
Please stay on topic folks, this board is for discussion of DHT. Uranium, I don't have PM, but I'll do a look through daily.
Yeah, I'm still in this. I haven't had a chance to look over the 6-K yet. There might be some clues in there as to how much they've raised and what it is for. All my guesses are still firmly based on the obvious right now.
I'm thinking ZNNC has feathers and quacks, and you know what they say...
It seems to me that they are more interested in being on the acquiring end of the transaction. If you look back a few months they were attempting to pick up Saga tankers.
I've been adding as funds become available. I'm looking at this one long term (as in years), so others milage may vary.
Other than what was posted in DHT's filings, I haven't found anything else on raising the $300 million. Some of the downward movement here lately may be shares coming into the float to raise cash. I still think that the money is intended for expansion of the company's fleet, but that's just a guess.
If I find anything new, I'll post it here.
I guess if you can't dazzle them with your brilliance, baffle them with your BS. It's like the orgone accumulator, but with water! Electromagnetic resonant "memory" of toxins? Bio-photon emissions?
Throw in John Titor coming from the future to give him the plans and this is the stuff of internet hoax legend!
Wow..just wow. Hexagonal water?
I should reread H.G. Wells' "Tono Bungay" to see if he got any pointers from there.
As far as I can tell, Extractive Technologies is Atkins' company. Check out the second link in my earlier post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68843299
That is all I can find about them outside of anything from EVXA. The first link is another of his at the same address, Mission Holdings.
These guys make money by selling shares and reverse splits, as far as I can tell. EVXA did a 1:500, 1:1000, and another 1:1000 in just over one year. GEAR split 1:500. Hell, even if they're dumped at .0001 that's still a chunk of change.
So do you figure that selling as asset to himself and then pumping the new mining ventures is too much even for the GEAR/EVXA/WSRA crowd?
Imcat, I don't have IM (what can I say, maybe I should stop being such a cheapskate!) so I'll have to reply here. I found Mission Holdings in Arizona, Nevada, and Oklahoma. I'm going to go out on a limb and say we're talking about the one in Oklahoma:
https://www.sos.ok.gov/corp/corpInformation.aspx?id=3500714267
So, if that is the correct Mission Holdings, Atkins basically sold the mine to himself:
https://www.sos.ok.gov/corp/corpInformation.aspx?id=1912018555
It would seem from the trading Friday that commons will probably receive nothing here, much like Eddie Bauer. Has anyone seen anything that explicitly states what the fate of the commons will be here or is this all speculation at this point?
GEAR chose the TA. But that aside, I don't follow the logic of it being company policy to not give out share information.
Scenario #1:
You call and are told that there are X shares authorized,Y shares outstanding, and Z shares in the float.
Scenario #2:
You call and are told that share information is not given. Odds are you'll ask why and be told that it is the TA's policy or at the request of the company. If you push, they'll probably tell you that they only give that informaton if GEAR authorizes it. That puts the idea of the company not being able to ungag the TA in question, but we'll leave that alone.
Scenario #3:
You call GEAR and have them call the TA. GEAR calls the TA. The TA puts your name on a list of those authorized to be given share information. You call the TA and they have to check to see if you are on GEAR's list. If you are they then tell you that they have X shares authorized, Y shares outstanding, and Z shares in the float. Bear in mind, this is probably after you have already called and had the conversation in scenarion #2.
How can this possibly save time and resources?
I expect that more than a few folks share your thinking on that. It doesn't even take a back of the envelope calculation for me to know that I don't need to sell this for a loss this year, so I might just bottom feed. In the short term I don't expect much of a turnaround. Its a good idea to keep a close eye on OSG since DHT is joined at the hip with them right now. Long term it depends on how things go in the sector and what DHT decides to do once the charters start to expire in 2012.
There still are a lot of questions in my mind relating to the $300 million they are trying to raise. What is it specifically for? Will they offer preferreds? How much of this downward trend is dilution?
You may want to confirm that the link you provide in the inbox, http://www.consolidatedbiofuels.net/ , is the same company as CSBF. According to their company profile, they are a Canadian company founded in 2008.
You never saw any pictures or real data on their miraculous oil clean up process either. What you did see was $8,000 a month going to Extractive Technologies (and may still see if EVXA ever posts financials again) for equipment leases. On the plus side, the company saves money on postage, since Extractive Technologies is at the same address as EVXA.
So I'm sure that GEAR and all their related, yet unrelated, companies would have no problem ungagging their TAs. In addition, they should gladly offer a list of ALL persons who hold a >10% interest in each company, as well as who holds the preferreds.
I have been planning to build on my position here once this starts to turn around. At this point, I'm beginning to wonder if that will involve picking up shares being sold for an end of year loss. There is some consolation that DHT isn't terribly out of line with the sector in general, but man, what a haircut!
That is sort of 10-Qish.
Check out their address:
1810 E. Sahara Ave.
Suite 1492
Las Vegas, NV
Gear is in suite 1516 and PYBX is in suite 1518. It's interesting that Davinci Virtual Office Solutions is in suite 100. I wonder what else you can find at that address?
The company you named (GPGD) has, as far as I can tell, never filed with the SEC. They don't even have a CIK number. Even OTCmarkets has no auditor, no transfer agent, and no legal counsel listed.
I don't see any way to reliably confirm how many shares are out or who holds them.
I'd suggest looking at this board for technical analysis:
http://investorshub.advfn.com/boards/board.aspx?board_id=7882
You should also do some serious research on fundamental analysis, how to read a balance sheet, and understanding SEC filings. Not surprisingly, I don't see much of that on Ihub.
Without having a good understanding of ALL of these things, you're basically a redshirt trying to play in the NFL without pads or a helmet. You're going to get crushed.
As Carl Sagan would say, "Billions and billions".
Ah, the shorties. They really are the Illuminati of the OTC. Of course you can't prove anything. That's the way they operate!
Being Saturday morning, I Finally listened to the conference call. They fielded questions about operations, relationship with OSG, and strategy in the coming year. If you have more than a few bucks invested here, its certainly worth listening to.
Nothing was said about the $300 million that they are trying to raise. I'm very curious about what the money is earmarked for and what combination of commons,preferreds, and debt securities they plan on using to get it.
Perhaps there will be some clues in the next 6-K?
I actually saw someone trying to put a good spin on the trade for trade status. According to their logic, this would keep the flippers and the shorters out and let it really run "to da' moon".
You can sign up for the earnings webcast here:
http://w.on24.com/r.htm?e=370154&s=1&k=F1DFE88A794D1E8549FD9028862411F8
A replay will also be available:
I'd like to see AVOE go ahead and complete the name change and split, then give us some idea of what is going on these days. The split itself doesn't thrill me, but I'd like some clue as to why it is happening, where they stand as of today, and what the future plans are.
As Dr. Evil would say, "Throw me a fricken bone here!".
DHT to announce third quarter results on 10/25 :
http://ih.advfn.com/p.php?pid=nmona&article=49612592&symbol=DHT
As far as I can tell, they just trade places and titles. Paradiso used to be the President of Cambridge energy:
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-044428
Cheney, the new CEO of EVXA, merged his Creationworks with them a few months back. Creationworks is all of a year old:
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000073657&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=CREATIONWORKS&names_filing_type=
He's also involved (along with Atkins) in something called Norris Oscar that's on Sunbiz, but I have no idea what that outfit is. Probably just something to write checks to after selling shares.
You'd think that there would be something. Information on Linkedin, an address on the website, a local phone number... I did try searching for Con-X here:
https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpSrch.html?locale=en_CA
I came up empty, but I don't know much about Canadian corporations, or if this is even the correct avenue to search for them.
I found this post from the EVXA board to be interesting:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68033617
Particularly this:
""Thank you for your interest in EnviroXtract. Unfortunately, we are
currently prohibited from publishing photographs of our proprietary
technologies under terms of our licensing agreement. However, this
subject is being discussed with the licensor in hopes of being able to
update the Company's website with benign equipment photos that we also
believe would be beneficial to shareholders, but no final approval has
been received at this time. "
Liscensed from who? I'm guessing Extractive Technologies, whom EVXA pays $8,000 a month. That's odd to me since that is essentially EVXA paying themselves. After all, they're the same people at the same address:
https://www.sos.ok.gov/corp/corpInformation.aspx?id=1912018555
Or maybe they're attributing the "proprietary technology" to Con-X construction. Con-X, as far as I can tell, exists as a website and an 800 number. They claim to have sales in excess of $10 million, but I cannot find hide or hair of them outside of a PYBX or EVXA press release.
Status in Nevada is revoked:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J1dk7fDhfA2Yeskfslm5BQ%253d%253d&nt7=0
RTWW Business Services in Florida is inactive:
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P05000081419&inq_came_from=NAMFWD&cor_web_names_seq_number=0001&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=RTWWBUSINESSSERVICES&names_filing_type=
15-15D filed in 2009:
http://www.sec.gov/Archives/edgar/data/1343101/000110465909010719/0001104659-09-010719-index.htm
Now look at the chart for these guys:
RTWW - Daily Candlesticks
Looks like a duck, quacks like a duck...
I agree, it makes much more sense to raise cash via shares when the price isn't at a 52 week low. Why they are going that route rather than borrowing the money to expand is a question that I can't answer. In looking through the filings I haven't found a clear indication as to why they went this route to raise cash.
They are attempting to raise UP TO $300 million with common stock, preferred stock, and debt securities. The increase in common shares isn't inevitably going to be $300 million divided by the current share price. If memory serves, there isn't any preferred stock issued. In short, how much will they actually raise and with what combination of securities?
DHT may also not raise the money via commons until the share price recovers a bit. It's at their discretion and I don't know exactly how they plan to do this.
As a side note, looking back at my last reply it sounded a bit snarky and condescending. There is really no reason for me to be such a smartass.
DHT is far from "down the tubes". The shipping industry as a whole is down lately, as is the price of crude. It seems to me that DHT is attempting to raise capital in order to expand, not to keep the lights on.
It seems odd to me for someone to go from asking what a filing says "in English" to determining that the company is "down the tubes". If you don't understand the filngs, how exactly do you make that determination?
Took a small gamble on this today, managing to account for all of the volume. You just have to wonder what was up with 250,000 shares traded yesterday.