Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You tell em x.
What's more, why go to the trouble of listing on the Berlin Exchange without plans extending any further than the last PR? It just doesn't make sense.
People getting on board internationally now. Adding the Berlin Exchange opens the door for more money to come in when The Catalysts occur.
Zee Germans are coming! Zee Germans are coming!
Can you repeat the question?
Kidding man.
I don't know how it works either, but my stock guy says the net effect is increased liquidity.
Yes, the market know's Volk has the goods, and Volk knows he has the goods too. All he has to do is lock in VM and voila: he's got instant wealth. Not to mention his credibility will shoot through the roof. So much for him to gain here.
Nah didn't know that.
Buyout would be a tiny price for big oil to pay for a premium spot in the gulf. Domestic, safe, economical. I'll take it.
I'm no chartist, but whoevers taken the bulk of the OS this week is clearly aware of the 07-10 zone. Next leg up won't linger in there. Won't need to. Likely another full OS turnover north of .15 imo
Ya didn't even consider all the big eyes like EXXI and Exxon. VM179 is arguably the HOTTEST $h*t in the Gulf now. I'd say we're severely underestimating the attention Worthington has now. I see a multi-tiered escalation in pps. The full OS trading hands over and over till the big shots have everything they want. Then again, maybe someone gets impatient and takes the whole company lock and stock. Retail holder $ value largely irrelevant compared to 2500 bopd lurking under the fabled "salt shelf"
Someone must have caught wind of the Ventana deal closing today. Last minute share grab, and with so many parties involved in this deal it would be hard to keep that info fully contained. I'm buying it hook, line and sinker.
News-backed shot thru the 05-10 asteroid belt comin. Won't look back.
Agreed. VM will essentially be a merger and whomsoever we'll be "merging with" gets to call the shots, cut the fat, and Volk has millions of shares/reasons to play ball. Dumping MI was an easy choice. We're talking money dambit
I'll be aok considering what's to come.
Oh there will almost certainly be a follow-up PR. Golden opportunity for Mr Volk. He won't leave cash on the table. Probably why he got rid of Mason. Looking out for #1
When yer dance partners got ya by the bollocks you don't second guess. Just gotta go with it.
Why would Volk have taken Masons shares away if they weren't going to be worth a stink load soon?
:::::::::eeeyaaaaahhhhaaa::::::: (fax noise)
Who's got two thumbs and want's $8.5 mil and VM179?
THIS guy!
Yeeeehaw!
Ya that* is interesting x. All signs point to sneaky business taking place behind the scenes. Someone wants enough of the OS to push it through the .05-.10 asteroid belt based on the next PR.
Can't wait to get that loan! It really will be nuts for a 2-cent, 100m OS company to be "on track" for 1000 bopd. I don't even care if it's equity based or not. Sheesh, do the whole 500AS, let VM net us only 500 bpd, slash the pe to 10 and we're still at .20/share in a year. That's truly the worst case scenario here, and it's still a.o.k. with me. Everything else is gravy! Giddy up!
One of those questions I ask then wonder why the heck I even care.*
All the same, thanks.
*Which is to say, I have no interest in Worthington till it actually has an asset funded.
Do we know which "Ventana Group" is being cited in the last PR?
This one
http://www.ventanacapitalpartners.com/
Looks like the Venutians aren't keen on letting the .05 sacksters outer that mosh pit on unmaterialized loans.
Floyd I can't vouch for Fureal's claim (that something is scheduled in court for this Thursday(?) but I've been paying attention to his posts, in particular when they refer to info he reports from the Parish of Orleans Clerk of Court.
A few months ago I'd subscribed to Parish of Orleans online records and observed the changes in the entries etc. It's $100/month to gain access.
Point being, Fureal has yet to post anything that was inconsistent with what I'd seen.
When he reported he'd spoken with so-and-so, can't recall the name, it was the same woman I'd spoken with.
And when he reported he'd been told there was nothing scheduled in the case, that was consistent with what I'd seen in the online records.
I'm not putting a "good or bad" label on Fureals claim that there's something scheduled this week in the case with Montecito, but, because Fureal appeared to have formerly been telling the truth, and in light of the recent PR on financing, I do believe there's a good chance something has indeed been scheduled for this week.
What that may be I have no idea.
Lots of real estate between here and there. There'll be buying opportunities along the way.
Gawd that's a monstrous amount of oil for a little company like this.
While we're entertaining optimism, maybe Volk and Mason had a major disagreement on how to finance the next gusher. This would be consistent with IR suggesting it's possible that Mason leaving is/was a good thing.
Seems apropos at a time like this.
Any Kids in the Hall fans?
Will Do
Maybe they'll take requests.
MISSION: To delete this web site.
ASSETS: 1 dot-matrix fax. 1 flip phone. a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses. Sammy: Hit it.
Did this part of the website always say "exploitation" (of oil and gas properties)?
"ABOUT"
No soup for me?
I mean...I...
Wh...
Where...
Oil...
Thought about that possibility too.
Trying to fit it into the context of "The Mason Agreement"
Ya could have swore that's what it said.
Meanwhile, I'm rather amazed that Mustang Island's been removed from the website without a PR or filing.
edit: wuzza?? Where'd your post go x?
Ok, thanks ProLine <eom>
Anyone remember if this read the same way prior to today?
Off the blog under "Assets"
I want very much for you to be right about all of that.
I've said my piece x. What you or anyone else care to do with it isn't any of my business. I'll push it no further. i'll not plague the board reiterating it or defending it any further. I feel I've been heard and that's enough for me.
Ya maybe the tied up in court part doesn't jive, but I do think its been a minimal cost to keep VM in play and the payoff has been a year of relative stability in the pps, so within the context of this scenario we're thinking about, the motivation to avoid a summary judgement with Montecito is high. Had we lost VM the pps would have been hammered and CD conversion sells would have suffered, and retail confidence would have been damaged as well.
Anyway, I do hope we're wrong.. Been on this road with you and xzx a long time and I'd like things to turn around for everyone, myself included.
That's where I stand on this.
In 1 year Mason's will have essentially sold MI (to WGAS) for x amount of $'s, and within 6 months he'll be gone.
And in that same time Volk will have satisfied Ironridge and the rest by giving them a year+ to sell conversion shares, which keeps him in good graces, credibility-wise for his next two companies.
As for DBar and VM. The company is only able to claim them as assets because one's tied up in court (VM) and the other (DBar) was granted an indefinite amount of time to complete payment on the sale.
Throw in a couple manufactured loan pre-approvals and term sheets (keep them real for legal reasons, but never intend to actually use them), relay to shareholders that "soon you're waiting will pay off," then keep them in the dark a couple of months while the stock plummets...then once the price gets hammered 90x% any leveling off pps will get people's hopes up. Maybe throw in a technical bounce to draw in the buyers...
Yadda yadda
Thisl'll be my last bearish post. I know how irritating they are to read at a time like this.
Sincerely hope everyone's renewed positivity proves justified.
Sad thing is, there's no good looking option in that multiple choice. Same thoughts rolling around here too.
Just too many signs pointing to Volk and Mason having orchestrated this mess if ya ask me.
Debt holders get paid, Mason gets paid for MI, Volk moves on with a clean(?) corporate credit record. All for the low price of stringing retail along for 1 short year with forward looking statements.
Ugh...
Go with it Big F!
Good point about your "dilemma"
ASSUMING (and I'm using that word in a purely mechanical sense) the pps...-kack-...goes....-kack-...-kack-...can't even type it out...can I borrow a "U" and a "P"?
ASSUMING "that" happens, there would be a chunkload of retailers greatful as grease to bail at "a certain level"
WHICH...(gad, can't believe I'm even thinking like this now)...would be an easy entry point for (I'm mental) the next leg up. (sha!)