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hey bone, that was real schrewd negotiating by arete to give charlie an extra million than the agreed upon price of 10 million, maybe that explains the so called stock purchase and debt conversion at 8. mr prosser is a funny guy. hmm
gusher, first you compare arete to microsoft and now to soda, dont you think the companies , the revenue, the earnings, the floats are a little off base. very hard to see similiarities. hmm
does anyone believe that mr prosser bot stock at 8 with a mkt value of 60 million when charlie sold out for 11 million, he is a funny guy. hmm how come nobody else bought stock above 8 except him, when was the last time a ceo paid above the mkt for stock and nobody followed. hmm
maybe mgmt wants there stock lower. hmm how come shorts never cover. hmm how come arete paid charlie 11 million and now mkt cap is 4 million. hmm how come no money tv. hmm how come no ir firm. hmm how come no kansas report. hmm how come no bank loan. hmm how come no update on wyoming properties. hmm WHY SHOULD THE STOCK GO HIGHER. HMMM
really curious to know how come the shorts never buy the stock back, maybe cause they may be long sellers hmm.
arete barely made money when oil was at 100 how does mr prosser think arete will make money when oil is down at forty, he's a really funny guy. Looks like charlie made a good score cashing out and leaving everyone hanging except good old paul pollock who was selling his restricted stock while pumping the stock telling lies, what a great consultant. RIGHT SURF.
arete is very transparent , they go from leaving investors confused with vaque headlines to having 2 conference calls in 1 month. isn't that special,and when someone called in they cut him off when they asked about paul, isnt that right SURF. Also don't u think the shorts read headlines too, how come they never cover, or are they really long. hmm
oil, dollar cost averaging is a great investment tool if u have something to work with, you and surf have been saying how cheap thestock was at 4 and look at it now, for gusher to compare microsoft to arete is humorous, at least bill gates did something spectacular and than left while charlie nobody has heard from and probably will not be around for much longer, maybe he will buy another hockey team. If arete is as transparent as they say they are maybe they should have an ir firm that puts a 30 tgt on the stock and than no follow up report and maybe they should tell everybody about good old paul. SURF KNOWS. and by the way at the end of the year don said he expected to make .60 in 2012 do u think that is still on the table and maybe he should explain why he thought that.
hey gusher, normally when a stock drops 90% its called bull shit not an investment. i agree arete has gone down cause of short sellers but i guess for mgmt to blame it all on them is irresponsible and how come u didn't address my other concerns such as the ir firm and where is charlie taking shareholder money to buy another sports team and what about paul. sounds like arete should be a private co and not public.
hey gusherman, at what point does mgmt look at the stock price and be proactive. the reality is stock price has gone from 8 to .75 and nothing can change that as mgmt waits and watches, where is money tv, where is investor relations firm that doesnt answer phone calls, where is update on kansas, where is loan from bank, where is charlie anyone hear from him on cc , he is laughing as he was able to monetize his assets at a premium while screwing shareholders. WHERE IS CHARLIE. surf i appreciate your enthusiasm but obviously u cant justify all on mgmt missteps and lack of shareholder value, and what about the hiring of paul pollock and his selling of stock while pumping it. SURF PLEASE TELL ME MGMT WAS RIGHT IN THE HIRING OF PAUL.
hey gusher u seem to get more optimistic the lower the stock goes, how come mgmt doesnt become more shareholder friendly , especially since the stock has gone from 8 to .65, wondering how mgmt feels about the stock they said they bought at 8, and where is charlie, wondering how he feels now that the stock is valued at 5 million and he sold it for 11 million. hmmm
hey surf how come the shorts never cover, in order to close trade they have to buy it back.
how come the shorts never buy the stock back, could it be that the shorts are really long . hmm
oil, paul pollock was the consultant for the company that made up lies and gross exagerrations and thats why the stock went from 1 to 8 to 1 all the while the dick head was selling.
oil, but u have to admit not having an ir firm that follows up on research reports or that does not answer the firm like they did not is irresponsible, or making poor choices like hiring paul pollock is irresponsible. At what point is arete going to move in a positive pr position and have research reports, go to confernces, have an adequate ir firm, and come across correctly. Also on the first cc don said he was going to start drilling before months end in april , how come we still havent heard anything. thank you
hey oil. thank you for your explanations, but at what point does arete start acting and trading like a public company and not a private one and defend its stock and if charlie and don bought at 8 how come they r not buying here.
GO PRIVATE
maybe as stock goes lower they can change terms of the convertible, kinda crazy paying 15 %, basically took away most of there profits
hey oil why dont they just go private cause they just dont seem to be making it as a public company
hey oil, on cc don said he was in process of selling some properties in wyoming, do u think he could use those proceeds to fund the drilling in kansas.
hey basilio, how are the insiders keeping the stock down
hey oil, without any acquisitions what do you think arete can report on earnings and revenue for the quarter.
oil, would like to know your view on the 10 q and outlook. tx
hey guys, although always alittle late don and charlie have always delivered on what they said. the quarter could of been better but remember it was a messy quarter due to the closing of the acquisition. maybe getting the 10q done and getting up to date with sec filings will expediate the amex requirements and get us listed soon. also nobody mentioned about the acquisition arete made for $160,000 , that tells me arete is looking forward and will be able to meet their financing needs or else why spend the money. good luck all
hey oil how did u interpret the earnings, seems to be confusion
hey rock, its hard to put a real value of the price of a stock when it barely trades and is manipulated downward, only time will tell the true value, not the mark to market value. But what does have real value is that arete will be up to date with sec filings, that arete closed on its acquisition, that arete was able to raise money in difficult environment, that charlie and don made a great transaction to make 2 million dollars, that arete made 10 to 12 cents for the quarter, that it has impressive revenues which will grow, that they meet amex requirements, that the price of oil is at 100 , that they will have a drilling plan, that the oil and gas sector is acting fine, that they will go to presentations , that they will have conference call, that arete only has 7.7 million shares outstanding , unlike other oil and gas stocks arete makes money that has valuable properties with a revenue stream with a great capital strucure. that will interpret the real value . WHY BE SHORT
after don and charlie announced the closing, they said it was there goal to be on a major exchange, why would they mention it, if they didn't think they fulfilled the requirements. the Amex makes money when companies get listed, why wouldn't they list them, and even if they dont meet all the requirements exemptions are made, eventhough they do meet them. I think its only a matter of time, but more importantly the 10k comes out by nov 15, that should give us more insight into arete.
arete sold 7000 non producing oil acres for 5.5 million, they still have 30,000 acres that produce oil, if we give it a lowball estimate of 1000/ acre that gives them 30 million, there are 7.7 million shares outstanding, at worst case gives them 4/ share. WHY BE SHORT.
guys, instead of focusing on the negatives, why not look at the positives, arete just raised 5 mil,charlie davis put in another milllion, amex is coming, 10q is coming, future earnings estimates are coming, acquisitions, land sales , current earnings, oil is almost at 90, conference call. management has done everything they said they would do why doubt than now. the stock will take care of itself.
if arete sold 7200 acres of non producing land for 5.2 million it comes to approximately 750/ acres, the majority of their 30k acres are producing in better locations means probably worth minimum 1500/ acre. there are 7.7 million shares outstanding means in worst scenario they could get 45 million for the land, meaning above 5 dollars per share. what happens if charlie and don do things right.
once again i am long and i am unhappy about share price but happy about co announcements,that is why i brought it up, but thank you for the response and it will not be mentioned again
hey surf, i normally dont care about sellers of a stock but u made a claim about paul pollock selling for the last 3 months. Arete is an illiquid stock with a small float ,dont u think u should elaborate on what u know, such as who he is, how he got so much stock, how much u think he has left.
hey guys, arete just raised 5.2 million dollars, a big deal, charlie davis is taking 1 million, who is taking the other 4.2 , it wasn't advertised so probably only went to 1 or 2 hedge funds, exactly what we want, to make a stock with a small float even tighter with an incentive to make it higher. maybe we should inquire who bot on the deal. also, wall street resources came out with an updated report today and said they will make .70 next year, not bad for a 3 dollar stock.
if i was ceo i would i would do a conference call, change the name of the company, make press releases in a more timely manner, change to amex, , let a small boutique start coverage of the company, show us earnings for this year since april, give earnings estimates for next year, present a drilling plan, and maybe an acquisition. ALL POSITIVES. on the negative side the only thing u can root for is the price of oil to go down , doesnt make much sense to be short or selling at these levels.
big accomplishment for a small oil and gas company to raise money in this difficult time with minimal dilution, a lot of other companies have tried with little success. hope we get to amex and earnings expectations before nov 15. only a matter of time before the arete story gets noticed. WELL DONE!
hey surf, who is paul pollack, how did he get so much stock and why is he selling at these depressed levels.
some guys are evaluating every bid and offer on the stock and its impossible. the stock has 7.7 million shares outstanding and probably alittle over 2 in the float and a few market makers are trying to hold it down artificially so of course it acts funny, but in terms of managements performance , although always a few days late, they have delivered. After all the work done and sec documents filed , management would have to be totally crazy not to be telling the truth.
hey oil very happy arete was able to raise a total of 11 million in this market, especially with the oih down 30 percent and s and p down 15 percent. obviously there must be some value here, but curious as to why management didnt say how the money was raised , who participated, and why not a conference call to address shareholders. any thoughts.
guys , i agree that manipulating a stock by illegally shorting without a borrow or market makers manipulating a stock downward is ridiculous and should be better regulated, but arete still has to deliver and the stock should take care of itself. Raising 5 million bucks would be a major accomplishment for any small cap company, especially in this environment.
does that mean arete gets the earnings from april when the deal was signed