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Last two days 90 & 75 % naked shorts respectively.
Awesome news. Ty very much.
Based on short data more then 80% of all volume between last week's mon-thus were naked shorts. Just wow! Dont they have people managing these algos. Lol.
I assume same thing that happened at 8 cents. Shorts doing there best to avoid the unavoidable squeeze that's coming there way.
This has bananas potential of it hits commercial oil and technicals look very yummy.
Glta
Weekly MACD crossed! Super bullish!
Glta
Impressive bid at close, 1.75 million shares.
Otcshortreport.com
Yes a lot of selling pressure at 8 cents, mainly naked shorts, which to me is just bananas. I'm surprised algo managers or who ever monitors that sort of activity arent pulling the plug out this close to drilling. Last Friday when the volume was over a million 90% were net shorts. Yesterday around 40%. Look at this from the bright side. Short squeeze will be very juicy. Another thing to look for technically speaking is the weekly MACD is about to cross for the first time since last Sept when the price was around 2.5 cents and we all now what happened then.
Best regards and glta
I cant help you Mr. You are too myopic imo to engage beyond my last response. Glt you.
Very excited about the soon to come short squeeze.
Glta
Why so harsh and insulting with that unnecessary sarcasm. Have you read all of my recent posts after the one to which you replied. Whats today's price action gotta do with the post you replied to? Do you understand how childish that sounds? It's called extrapolating from available information at the given time. Naked shorts were weaker on some high volume days so I and a few others were puzzled until they publicly announced his departure at which point we naturally assumed he would de-leverage. It was high volumes of dumping pre and post that news release that made me and others believe maybe it wasnt a friendly departure after all. Having said that I posted recent naked short interest spiking up and Mr Malanga making it clear it was all well with Dr. Bain. Now go bother someone else. I continue to be long and strong.
Glts
Here we go. Maybe naked shorts slept in and Mr. Bain had a change of heart about his position. Lol. Here's to a strong closing to this week.
It's interesting that naked short algos are back in full force. Last two days naked shorts have accounted for roughly 80% of total volume. They are probably using the momentum created by bain's departure selling.
On the other note Malanga was quick to reply and squash any perceived internal beef us, the public might believe about bains departure. Hes is adamant that company's shift from G&G to operational is an opportunity to upgrade the level of management since mr bains background is almost exclusively in g&g.
Regards
No bottom in sight. Share price wise this is ugly. Management needs to step in somehow someway. They need to be honest on Bain's departure. Otherwise we will need rs of 50:1 + or even higher for this play to be listed before the drill if those are there intentions.
I get that you want to have a + ve perspective on all of this. However stock price action suggests a different reality. If it is he who is unloading, it's being done in such way that is indicative of someone having a deliberate intent to take this down as much as possible. No reverse split will help you get listed on a decent exchange if the stock price is 2 cents or even 4 cents which is where this is goin. With regards to the age. Isnt your president in his mid 70s with billions of personal net worth? It's the way these shares are being dumped and the timing of his departure that's very fishy and you just cant overlook that.
Regards
Yea I agree. It doesn't merit jumping ship however I'd appreciate more transparency and facts. He appears to be the one selling with no intentions to stop anytime soon. He wants the ship down with him. I mean hes total stake was roughly a couple of million, they should have seen this coming internally and had a back up plan for his equity liquidation. This will drop like an anchor if they or delek dont come in and pick up his stake.
I'm not buying that there were no disagreements. So close to drilling and having this project come to fruition. Something smells. And the fact hes is selling at these prices and not willing to wait. Something happened imo and hes dumping his stock in retribution. What do you guys think?
I'm not buying that there were no disagreements. So close to drilling and having this project come to fruition. Something smells. And the fact hes is selling at these prices and not willing to wait. Something happened imo and hes dumping his stock in retribution. What do you guys think?
TY. Ouch I guess. Lol. We might be 10% into his whole stake. This could get a lot worse. Is there a chance delek comes in and buys him out before he collapses the price, if indeed this selling pressure is him who is selling.
Glta
How many shares did/does Bain own? He seems in a hurry to get out.
Thank you.
At least we know who is selling.
I think trimming down in management is fiscally responsible thing to do and he will be involved on consulting basis.
Regards
"So to that end, this will drive down my stakehold in the company and should the price take off...I stand to not profit anywhere close like I would with the current shares I have."
Sorry you are wrong. Your relative stake hold (% of total company's value) will not be driven down since the total number of shares is being reversely split not just your stake.
Regards
Ps..the only issue with it carries a negative vibe since companies in financial trouble usually are forced to do this in order to do more PPs in the future and or appeal to a more popular exchange. I guess gspe share some of these desperate traits but they are drilling in 5 weeks hopefully.
50 dma .069
200 dma .059
Tight situation.
Glta
More like a 130k sell. But I agree not to alarming. With that said someone other then shorts has be unloading for a couple of weeks now between 6 and 7 cents. Between may 15th and 18th 4 million shares traded. And if you go back to 4 days prior another 2 mil. Bears are trying their best to keep this below the 50 dma.
Low short volume not "net".
Regards
Definitely interesting. Out of 2 million traded only 12 % was shorts which is a low net volume relatively speaking. Someone parting ways could be a possibility after that vote.
Greater portion of that is for tau, no? Hopefully by then Canoe will hit and will be listed on a better exchange in which case raising money will be easy breezy.
Last 3 days roughly 70,30,and 50% of the volume were naked shorts.
Hello everyone. GSPEX - I had to go and retrieve my "permanently" deleted email thread with John. The very last email to him was never answered and it asked specifically when they had actually filed the permits. I followed this email up with another 2 to 3 emails requesting the same answer. After two months I finally got an answer back that Canoe has indeed been filed and Tau would be by end of this month. I am not sure if the reason he never replied was because it was initially filed. Would anyone that's more apt in navigating the data centre for the boem try and find out when application for canoe permit was filed.
Meanwhile naked shorting is alive and well. On higher volume days it's around 80% of total volume traded.
Glta
March 13th 99% short volume
Match 14th 73% short volume
Yes. He's a father in law to my niece.
I'm kidding. Just extremely prompt individual from my experience anyway.
Regards
Yes. When I was on the boem website I noticed there werent any submitted apps on behalf of GSPE. I assumed I wasn't accessing the right database. Having said that I believe John told me that drilling permit apps were submitted. I sent an email to clarify again and will post back. I guess it's encouraging that low activity is good for the overall gspe progression. In the mean time algo shorters might take this lower in the short term.
Regards
Thank you..half way there I guess.
Regards
Gspex - speaking to John on the permit timeline he said it normally takes 4 to 6 months but due to low activity at the GOM the permits could be given earlier. From your experience do you agree with this and how early can they be granted?
Regards
Well it's my pleasure as well as many others on this board I presume to have you here with us and thank you again for sharing your expertise so willingly.
Best regards.
Hey gspex, what is your background, you seem to be really well informed as well as knowledgeable in this field. How do you know this new data already exists?
Thank you and regards
Thank you for your reply. In the case of already existing data I'm sure Delek will have their corners covered. I'm just thinking reasonably here. You are spending so much already why not spend another 1-5% more and increase your chances significantly.
Regards and thanks again...
Hey gspex. I'm just wondering considering that these three prospects will cost delek roughly 40-50 million usd. Why not upgrade the seismic data. My two questions following this premise would be how long to update the seismic and at what cost would this be? I mean spending an extra million or two if it will increase chances of success seems like a no brainer and we still have most likely few months to go before permits are given. Your response is appreciated.
Regards
Thank you su much for your in depth dialogue that is very informative to me and I assume many more reading but not posting.
FYI- unbelievable amt of shorts persist. Last two trading days:Thu 85%; Fri 92%.
Regards
New presentation reminder was posted 8 days ago.
Meanwhile 90 % of yesterday's anemic volume were shorts.
Regards