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I don't believe a responsible fund manager would isolate a company-held asset such as a hydrocarbon concession with nothing more than rights and then pretend to have a way to monetize said asset. Managers have to answer to their fellow team members and this calls for meeting a strict code of ethics.
A company's management will attract more attention than an asset. Our management team is definitely superior in many respects. We believe the concession will enable our management team to prove great value that will find its way to us shareholders. In the meantime, we have excellent leadershiip and an unproven asset consisting of the government-led granting of rights to offshore exploration to the ocean side of an extremely unstable African country.
As a long time shareholder with HDY my largest holding, I very much want to see this one come home to my own version of Ft. Knox. In the meantime, I know better than to hop a ride on the Kool Aid Express.
WT
Nice attempt at subterfuge but your post hardly addresses any content in my post. It says nothing long time HDY investors haven't seen ad nauseum throughout the years.
Btw, The American Friends of Guinea seems to be nonfunctioning, save for a share infusion mandated by the RL administration with respect to anything resembling a peace treaty negotiated with the low lite bulbs of notoriety.
None of this matters, as it happens. It just bugs me when I see someone tampering disingenuously with the truth, hoping to thwart reality for the sake of saving face. Then again, I'm scoring hugely during these days of our "new-light" rennaisance. Such fun!
All in my opinion, of course.
WT
While the price of JADA fails to reflect upward buying pressure:
I'll agree completely---this stock SHOULD fetch a higher price. When I see that only 65,000 shares have traded with just 1.5 hours left to the trading day, I sense something is wrong---with the company or our perceptions of what the company has to offer and its overall potential for OUR profitability. This smacks of market manipulation to me and my dissatisfaction has nothing whatsoever to do with the company's product.
The current price of jade has little to do with the share price, else shares would have risen proportionately. Excuses never overcome legitimate fundamental reasons for failure on Wall Street.
Something isn't right and I'm thinking it's something none of us are privvy to or we'd have vacated already...instead of the steady bleed and wallow syndrome affecting it these past months.
My opinions only, of course.
WT
I'm wondering which of the brothers you represent? Guinean business has always been handled via bribes...I know it and I'm betting you do as well for---one way or another---we were both there, watching the process unfold.
You're free to defend your actions and insist that the brothers "handed off" to RL but that is hardly the case as most of us know. Were it not so, would Mike have brought pressure to bear on management via those odiously self-incriminating and self serving posts during this summer?
I recognize you like Kool Aid and I won't intrude upon your dream mode. However, while I'm a beauty, I sure ain't no sleeping beauty.
All statements herein reflect my opinions and not more than those.
WT
You seem to have a problem with dissenting opinions. I don't.
I hold substantial positions in LTUS, BSPM, NEWN, SGAS, and CCGY. All are nicely profitable.
Thank you for your love!
My opinions above, not more.
WT
Business in Guinea has no history of honest dealings. Bribes are the only way deals have concluded. I believe the Watts played the same game inasmuch as no other game could have succeeded. It is also more than obvious that the PSC did not hold up to scrutiny and was under very real threat of being junked until Ray came along and admitted the contract was ridiculously unfair and untenable. I believe the only reason the Watts stepped down was due to a Guinean leak purporting that there was an ample paper trail that would lead to indictments if HDY refused to renegotiate the 2006 PSC. I suspect this is what prompted the Board of Directors to retreat and stage the overthrow of the Watts who would likely have implicated the BOD, resulting in jail time for all.
I know a lot of people in the oil business. I have never met one who harbored an opinion of the Watts that was in any way flattering. These two were/are dispised by the oil industry for their arrogance and ignorance, lies and deceptions.
Whenever I read posts defending former management, I assume they are in the employ of those individuals or are operating under an assumed name while representing themselves.
These are my opinions and not to be construed as anything more than my opinions. It is also my opinion that HDY is finally en route to meeting and exceeding all expectations some of us have envisioned since the early 2000's.
WT
I was in this for much of this year but sold off through last week. When a stock appears to have good reason to climb but fails to do so, it's my failure to keep on holding it...especially when I know there are others with at least equal promise. I don't like to fail. My cost basis was $1.46, so I gave back about 40 cents per share. Prior trades softened the loss and I may be ahead but not by much. The worst part isn't the stock price---it's my having done a poor job of things resulting in my not profiting.
I sold CKGT and put the cash into HDY which has been enjoyhing an extraordinary run-up. I've been in HDY for more than a year, so I wasn't throwing darts---just wishing to place my assets in more promising circumstances.
The lack of an adequate investor relations tie-in, indifference to shareholders' concerns, price action in the shares themselves, lack of explanation regarding business decisions, plans, even the corporate mission, and---of course---a terribly suffering share price.....these are things that must be answered for me to hang onto a position.
WT
As I recall, JADA began its radical rise in Spring of this year and completed its journey in a matter of mere days, not months. It then retreated to pre-rise levels without notice or explanation. That smacks of manipulation to me.
As for CHFI, I had a position in that one and did well enough. Unfortunately I gave some of it back when the last shares I'd kept tanked.
Truth be told---we have no way of verifying that CHFI was a meaningful factor. What we do know is that there was printed evidence. Lies are often printed too. LOL
JADA may climb again as it did previously. Without evidence in support of that likelihood, I won't invest again just yet. I won't mind paying 50 cents for a share I believe is destined to make it back above $1. First, though, I need to believe history will be repeating. And TA is a sucker's bet for all evidence must be based on a single rise & fall event occurring earlier this year. Fundamentals will always win out.
I love quarterlies purporting to rest firmly on projected earnings, even realized ones. Unfortunately, I don't trust that such reportage is accurate or honest. In fact, I see ample room for manipulation. The fact that I can't attribute my suspicion to any individual connected with the company is immaterial for there are many things I don't know. What I do know is that there are probably more folks here in this pick who are underwater than not. Sitting around, waiting for a hunch and a hope to come true isn't investing...nor is buying into what may be no more than a bunch of lies coming from a country we Westerners hardly trust with respect to their business practices very much unlike those with which we're familiar.
Meanwhile, I'm watching for signs of life at which point I'll reconsider getting back into the stock. After all, I never met a profit I didn't like.
WT
I owned a considerable position in JADA earlier this year, sold off in April at $1 and prices slightly lower and with a few as low as 56 cents but well positioned for gains nevertheless. There is always opportunity for gains in anything traded. There's also ample risk, expecially when it comes to stocks so obviously manipulated as is this one. And the worst is seeing your cash sitting without meaningful movement, knowing that in a smarter play...things would be showing at least some signs of growth potential.
HDY was shaping up as a clear choice winner just over a year ago when I began accumulating shares at 25 cents and above. It makes little sense to me that anyone would commit cash to a Chinese pink we know had to have been deeply manipulated to have tripled and more in a short span only to fall back with equal rapidity and stay there for months without a whimper. On the other hand, HDY gains enjoyed by many besides myself are indisputably gargantuan, relegating JADA and like stocks to the dung heap in a Chinese boiler room in an alley somewhere on the Mainland.
It's not about JADA at all, Randy---it's about the wisdom of putting on a happy face while ignoring the fact that there are far better choices to be made. Do you have any idea how many free shares of HDY I could have if I were concerned with financial risk? It's laughable. Then again, sometimes we count shares and positions more than net asset value when it comes to quantifying what we have in a portfolio. And that, in my eye, is a tragic error in business management.
I don't trust JADA's management to be forthcoming or even remotely honest. I've seen nothing to indicate a wish to connect with shareholders nor even a word about uplisting. And I've noticed that uplisting often results in a follow-on lowering of the share price...witness the case of New Energy---NEWN.
WT
Have you ever seen a post attributing honesty to a list of virtues describing Mr. Watts? Is it even possible such a list even exists?
My impression over the past eight years or so is that the low-light bulbs are anything but worthy of positive character description. I'm convinced each of the brothers lied to me on multiple occasions. Kent even denied knowing "...who this Mario guy is..." when I asked him about Mario at the 2006 shareholder meeting. He also couldn't look me in the eye, finding it more comfortable to stare at his shoes. I assumed he was embarrassed that he couldn't cleave to anything resembling the truth whereas my cleavage---well, it speaks for itself.
Girls will be girls, you know.
Everything said herein is based on my opinions, of course...except for remarks having to do with my anatomy, of course.
WT
I'd like to see a list of OTC's uplisted and reflecting a triple within a reasonable period---let's say even a year?
Sometimes we need to question comments that attempt to pump, possibly because of self serving interests.
WT
Many thanks for this. Very revealing and well put together.
WT
Of course you've lost! You couldn't exchange your shares for a cup of coffee. It's nonsense to buy into that song about unrealized losses because you no longer have value in exchange for your invested dollars.
WT
You seem to be interpreting the bollinger bands incorrectly.
Also, the lower US dollar accounts for the more robust currencies elsewhere. JADA's being higher by one cent plus your read of the boll. bands don't indicate pivotal changes in the share price.
By the way, my name isn't "tWitty." Were you pointing to sexual inadequacy or personal discomfort?
WT
I think a lot of the angst expressed here has less to do with Dennis and his failure to adequately reward shareholders and more to do with providing a place to vent frustration arising from any number of possible sources.
I invested $3,400 in this stock. That makes me an idiot for sure. Have many others invested similarly---more? Less?
Sure would like to know if the complainers lost a few hundred $$ or thousands.
Thanks.
WT
Those stations would have to be certifiable corporate assets. I'm not aware of EVFN-owned stations let alone any other assets.
WT
Ouch! That hurts---not so much for the cash value, maybe, but because of the dreams dashed. This stock's predecessors supported (my) prior belief that something really nice might come of taking the risk and jumping in, purchasing millions of shares and expecting at least something for my adventurous soul.
In every respect, I called this one wrong, never considering that the deck might be rigged to the degree is apparently was. I always figured management was less than less but hadn't considered that they'd deliberately paint themselves into a corner---or should I say "coroner?" LOL
We still haven't figured out how deep the operation goes as it raises more and more cash to feed itself. What we do seem to agree upon is that none of us has come out with a profit nor have we a lingering hope that the gods will rain their light upon our bereaved wallets.
Life can indeed be unfair. Compounding the situation is the obvious lack of a viable police force to tell some folks what's legal versus what isn't.
My opinions herein, and not more.
WT
My loss in this amounts to $3,300 or 33 million shares of pre-split stock. Have others here lost more than I? Would appreciate getting a feel for how others have fared.
TIA.
WT
TD Ameritrade reqires that a stock be at $2 and above to be even minimally marginable. From that point onward, it works on a percentage basis with the most highly respected stocks eligible for purchase with about 30% in cash being the required commitment.
WT
There's no demand for shares---and no way of disregarding that fact. 9,000 shares traded isn't enough to entice any marketmaker. Nobody wants this thing colored pink with nothing to suggest positive forward motion.
WT
Teach us, Oh Great One!
WT
HDY has not engaged a second public relations or investor relations firm to my knowledge. Thus, anything presented by a non-recognized third party source is no more than hearsay, lacking bona fide credentials.
Posts invariably carry intent, whether expressed or otherwise, aimed at unifying and directing public sentiment. IR firms seek to create dependency relationships as these will stand a chance of becoming a voice of the many shareholders critical to future votes. In brief, the idea is to curry favor with shareholders in an effort to install the IR firm as their representative aka public voice.
Bottom line: This is about amassing power.
I choose no organization or individual to represent my investment purposes or identity. I defer to no IR firm for anything. I listened to the conference call and drew my own conclusions. I hardly need or would ever consent to being or becoming dependent upon a poster for updates and reasoning. I refuse to become part of anyone's power play setting up to undermine corporate authority.
There isn't a single solitary soul out there in this vast world who cares more about my welfare than I do. And there certainly is no one out there poised to be my investing soulmate, despite claiming to be plugged into "majic."
Some may point to such irrational behaviors, pleased that these unsolicited efforts may heighten public awareness but scratching slightly beneath the surface of such gibberish is the fact that there is that distinct stench of an SEC sanctioned ex-broker in the awareness of investors regardless of how tony the shore may be. IF HDY prospers, it will not be due to PR's and aggressive touts via third party, non corporate-affiliated posts. Rather, it will result from sound business practices and nothing else.
These are my opinions only.
WT
Having listened in on the CC, I'm pleased that Ray distanced himself from actions coming from former management. It's unfortunate that there are former affiliates who see fit to pursue their own agendas on message boards. I have yet to see how those acts improve upon the lot of us HDY shareholders. I can only surmise there are issues underlying these attempts designed to insert a wedge between otherwise happy shareholders and new leadership already to be shown to be extremely capable of getting the job of oil exploration done. Perhaps one day these schemes will be apparent to rank and file investors?
It is especially noteworthy to me that nobody has found/figured out how former management came to "inherit" the Guinea concession. SCS, after all, was not a creation of the earlier HDYH management team. Perhaps there are some good folks here who can enlighten others?
Another item I find especially interesting concerns a question of what the powers that be must have had on prior management that was so compelling as to not only force them out but also to dictate terms of the later scheduled disposal of certain of their family-held assets. I've never known totally self-serving individuals to suddenly show a change of moral heart resulting in large scale contributions to foreign countries and their indigenous citizentry. This is laughable in that good has suddenly turned not just good but heavenly so! Now, that's really "majic," wouldn't you say?
I, for one, would dearly love to see Ray left to his own devices in an effort to perform his duties without interference from others proven to have failed miserably in all ways except for those directly benefitting their own personal interests.
WT
From the public statement:
Company's Board of Directors has determined that it will not authorize any reverse split of the Company's common stock within the next 120 to 180 days. Further, at this time, the Company has made no plans to effectuate a reverse split after that time period.
Determining something doesn't fall under the heading of the SEC requiring adherence. This isn't a statement of fact. Rather, it's nothing more than the voicing of an intent yet to happen (or not) in the conditional future. It means nothing, legalistically.
As for not having made plans? I'm not making plans on celebrating my death, either---but we all know I will die one day. Again, this is a design aimed at bending the shareholder's sentiment.
These are my opinions and not more. And yes---I'm just another stupid shareholder who thought she'd found something interesting.
WT
This company likes to drop names in PRs, also publishing news items pertinent to the greening of America and beyond while not presenting a direct relationship with companies and forces represented. Unfortunately, I have yet to see anything indicative of the company actually accomplishing something of value. Yes, there are now (supposedly) two demonstration projects being built. At best, I figure these are designed to create an impression of industry qualification despite lacking broad based credibility.
More and more, I smell pink sheet games built largely of hype. I am a shareholder but sensing I've been an idiot...so much so that every time I read the "GLTY" tag at the end of posts, I wonder if it's not misspelled...and would more properly read "GUILTY" for that's how I'm feeling as an investor in a poor choice.
These are my opinions and not intended to influence any others.
WT
The float is 23.4 million shares. You'll find the information at the top of the CCGY quote page.
WT
This doesn't appear to be any different, one way or another, from any other high-fiber foods. Most fruits and vegetables contain significant amounts of fiber whereas animal meats and byproducts contain none. Fiber is recognized as a complex carbohydrate requiring more time for the gut to process than would be the case with simple carbohydrates such as simple sugars and refined starches. So much for dietary inclusion for the sake of fiber content.
However, the company's product line offers far more than mere fiber numbers.
WT
Did you notice the name "Geoffrey Eiten?"
Google this man.
Look at the number of times he has been investigated.
Look at all the accusations of his being linked to scams.
Anyone smell smoke?
There are folks who invested in a Texas broadband company (Eagle) who could tell you things. And then there was an oil exploration company that went nowhere for about ten years while a few fat cats lived high on the hog at shareholder expense. And what about the string of supposedly green energy companies being promoted? And Arizona connections involving SEC sanctioned (former) brokers?
Now, I'm not saying Eiten was involved in any way with criminal actions. I'm simply smelling smoke.
All statements herein are strictly in my opinion only.
WT
Seeing JADA rise of late without basis in its fundamentals, I'm thinking this obviously manipulated stock is doing its thing once again...leading momentum players to wonder when the next collapse will occur? Pappy, for whom I have the utmost of respect, questions how this thing could rise despite the lack of shareholder communication and timely Q reports. I believe manipulators are playing the public, not very sophisticated at all:
Shares fetched $1.03? They will again, or they won't. But this time shareholders will unload part positions before they surpass the previous high, just to be sure of holding onto some profit.
WT
Adam---I am hardly a newcomer---I've been an investor in HDY since 2002. I've done my share of dd and am fully aware of the company potential, the concession's possible value and the nature of the geophysical attributes common to earlier Nigerian basin waters. I'm trusting of Ray and the board.
I don't trust fools who pump and pump about free shares and come across as sophomoric and full of childish expectations and perhaps some other stuff I won't mention publicly.
You happen to be enthusiastic and I enjoy your comments. Millstone is sincere and helpful with great attitude. Mitcheroo, too. The three of you are quite a departure from another poster bent upon tortuous boasting and incessant rants presuming the rest of us know nothing about trading. I dislike those who bestow condescension.
WT
No, I don't see this as a $20 stock but sahd3g talks about the billion dollar company and that would translate into a valuation in the range of $20/share which we know is not possible any time soon. I'm just trying to keep things real. Unbridled enthusiasm is great for horses but I don't wear blinders.
WT
In your opinion, is a US-based corporate entity more vulnerable to the potential for SEC violations than one whose domicile is in China or elsewhere? It would seem to me that having incorporated in the state of Nevada translates into more stringent controls. Am I wrong?
WT
JADA was incorporated in the state of Nevada. Does this ensure timely filings or is everything computed on China time and style?
In general, is there any advantage to a China-based reverse merger company that was incorporated in the US over one that is rooted elsewhere?
Thanks for the help.
WT
If this were truly a multi-billion $$ asset, your shares would fetch in excess of $20 in which case you'd be a seller.
How can you say it's highly valued when it clearly has yet to be established it's deserving of more than $1.22?
Sounds like wishful thinking to me.
WT
What 5-year 100 baggers do you own?
Which ones have you personally ridden from one bag to 100 bag status?
Also, are you aware that even O'Neil of IBD TA fame admits that fundamentals account for no less than 80% of meaningful interpretive analysis?
I appreciate tips leading toward potentially rewarding stock ownership but have to question anyone touting his personal choices based largely on TA. And FREE TA, no less. Am I missing your logic?
WT
Is lenprofit a person or an organizaion? Can you fill me in? I've seen you reference the name a number of times but never with explanation.
Also, what's with your fascination with bigargo? Why the constant barrage of insults? Do you know these people/organizations personally?
Thanks---am really confused by your tirades.
WT
The SEC allows fifteen days from the day the "E" is added to the ticker after which the stock is relegated to the pinks...no ifs, ands or buts.
All or none orders (AON) will not show up on level ll screens.
If Dennis were to flood the market with the release of buy-back shares a few days before the legend lifts under Rule #144---you realize all these 1:1 dividends plus our already existing shares could drop to virtually nothing, right?
By announcing a plan of divvy shares, he gets to regain control over the shareholder's time-frame while reducing the float. Keep in mind that "float" is a tricky word in this situation for there are wild cards (shares) Dennis controls and we can't possibly anticipate an outcome benefiting us.
On the surface we get his promises for our greater risk.
Free shares is your bag but some of us prefer to sell them for cash to reapply elsewhere. Your style is OK for long term holds. Active traders don't want to lock up their profits in eighty-odd beanbag plays that could easily vanish because of their OTC status. I like cash.
Today I took profits on a small portion of my HDY position. Pigs get slaughtered and I have no wish to hold any shares in any publicly traded entity (that's "tity" and not "titty")for an indefinite time. Nothing ever stays the same for long, ditto when it comes to stocks.
By the way, do you think you could hang the free share thingy up to dry? You preach constantly, I doubt anyone here wishes to hear the lecture again. The idea of holding shares in lots of companies until Doomsday is a lost cause for sure as it ignores momentum-based trends and day-to-day fluctuations in sentiment and fundamentals. Free is fine so long as it's cash in your pocket. Otherwise it's unproductive money squandered on a dream and nothing more.