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focus now shifts from exploration to the highly technical process of determining the nature and extent of the hydrocarbons discovered
27,000 shares traded, no trades for 3 hours, very quiet.
Something is happening.
All the warrants and options have a $0.05 strike price, so no value until the stock price is over $0.05.
Not sure what you mean. Best estimate is 336,017,000 barrels, approximately half a barrel per share. Since Sinopec is paying $13.40 per barrel for Addax's proven and probable (2P) reserves certainly $7.00 for our reserves is not unreasonable.
No one was offering cash at that time. Gandur created $8,000,000,000, $300,000,000 for himself, in about 4 years. Not bad.
I thought a sale of the company had to be ratified by the shareholders?
That does not show a settlement, it is just a filing.
What settlement agreement? They increased their authorized shares from 100,000,000 to 500,000,000. Reasonable considering they are using shares to purchase oil property.
in an ongoing effort of updating shareholders and continued transparency, is pleased to announce the audited financials are being done and we expect them to be completed before the end of April.
So we have a city that does not know what to do. They want a nice park on the site but don't have $2,000 to hold a vote. If this deal does not go through they don't have any money to move the boiler themselves, so they build a park around the boiler?
When a city has no idea how to go forward, money speaks volumns.
No trades for last 45 min?
Chart;
Take a look at XOHO, tell me what you think.
Considering this is found under;
(c) Liquidation, Dissolution or Winding Up .
I think the anti-dilution only applies in these cases.
Please show where it says that in the filings. I believe that is only under a liquidation scenario.
Acknowledgment that the white board did contain information ERHE did not want out;
ERHC Energy has not signed any letters of intent (LOIs), memoranda of understanding, undertakings or any other form of legal obligation related to any information or transaction that might appear to be depicted in the photograph. In the event that the ERHC leadership signs or enters into any LOIs or agreements related or giving rise to any material transaction, we will publicly disclose that information by the requisite means of dissemination.
Volume
Chart, so what do we do with AOGN?
Insiders cannot buy or sell at least 30 days on each side of earnings.
Yes please, I now see the 1,000 to 1 reverse split which should bring the outstanding shares to ... 10,700,000, now that's low for a pinky.
Is this a good shares outstanding #, 10,799,998,444? That 10 billion shares outstanding is from this boards info, so the current corporate value is $755,999,891.08? A little high for a pinky.
3 billion in the history of the company up to, or before, the PR. As of 5/7/2007.
There is something I do not understand.
It seems that COPI receives revenue of approximately $0.0025 per call. In a press release dated 5/7/2007 they state "perfect track record of over 3,000,000,000 calls", then in a press release dated 2/5/2008 they say "to date the company has processed over 6,000,000,000 calls, a number equal to the entire global population". So, if we say they hit 3,000,000,000 calls in the 1st quarter 2007 (equates to $7.5 million in revenue over their first 8 years in business, sounds about right) then the next 3 billion calls have happened in the last 10 months, April 1 to Jan. 31, since they have reported revenue of $1,348,000 so far this year there is still $6.15 million left to report? Is this possible?
Yes, look at AOGN, what happened?
What just happened?
Has the progress tracker been updated recently?
MLM's? Multi level marketing?
There are laws against that. You cannot accumulate more that 5% of a public companies stock without reporting to the SEC your intentions. Big problem if you don't.
So Charles Schwab just made TITN a 100% cash stock? No real explanation other than volatility? Ouch, I now have a margin call and will have to sell a little TITN.
Gold is now down $50.00, 12%, since then. What does that mean?
If that's your picture, you are one good looking Mike.
Fivestar, a big welcome to the best board on the net.
Look at OPXT, whats up?
Have you seen the aftermarket on this, all smiles.
After hours not looking so good, we'll see tomorrow.
I for one would like to see your annotated chart showing why you have a negative view of FRPT.
Very interesting:
An online marketing company (Commerce Planet - CPNE) that has been plagued by naked short selling on foreign exchanges now has the perfect setup for what could be an extraordinary short squeeze.
1) Stock closed at 68 cents yesterday after trading as high as $3.50 in the last few months before it become the poster child for naked short-selling.
2) The company has no debt, trailing twelve months earnings of $0.24 per share (P/E = 2.9) and is currently on track to grow earnings by 50% year over year. The company has a total market cap of $33 million at yesterday’s close, but has $5 million in unrestricted cash in the bank + another $5 million that is restricted due to merchant account requirements. Thus, nearly 1/3 of the market cap is in cash.
3) In a development that has just materialized over the last 48 hours, a company that had previously sought to acquire CPNE, but walked after acquiror had internal issues, has now purportedly returned to the table. Previous price range was close to $100 million before deal fell apart. There is a story out this morning that mentions the company:
http://biz.yahoo.com/seekingalpha/070824...
4) CPNE became a favorite of a traders that use foreign exchanges to sell the stock in a “naked short” failure to deliver transaction. Last week, the company brought in some “hired guns” to bring down the syndicate and get the stock delisted from all unauthorized and foreign exchanges. Here is the announcement:
http://biz.yahoo.com/bw/070816/200708160...
Word on the street is that all such listings will be removed as of close of trading on Friday August 24. This will give the short positions only T + 2 days to deliver the shares or have a buyin. If true this can and should result in a major rush to buy these shares sometime over the next few trading sessions. Since the stock is below $2, removal from these foreign exchanges will make CPNE all but impossible to sell short. If some shareholders' numbers are correct, this could remove about 80% of the selling volume and in turn give several million naked short shares a deadline for repurchase.
5) The company is holding its first investor conference call ever next week to answer questions/discuss the actions they have taken and also to make a “major strategic announcement”. Here is the link:
http://biz.yahoo.com/bw/070820/200708200...
We think the announcement could include 1) Bd. Authorized stock buyback of up to 20% of the company’s outstanding shares. There is more than enough cash on hand to complete such an offer. 2) We also think they will use the call to discuss a new technology they have developed that will make big waves in the online advertising industry, especially in light of the recent acquisitions of nearly all the independent ad auction exchanges by Microsoft, Yahoo and AOL.
The combination of all of these factors could easily drive the stock to a new 52 week high over $4. When you consider the number of short sellers who will likely be trying to buy back shares in the open market, it could push the shares even higher than that.
This seems like a nobrainer for traders who like to play a short squeeze. Downside is about 5%, upside 500% or more. Why wouldn't traders buy a few thousand shares?
The shareholders would have to vote on this, in a tender offer the shareholders "vote" by tendering in their shares.
For Addax to purchase ERHE for stock they would have to issue an additional 112.8 millions shares to give us a $5 value. Shareholders of ERHE would own 44% of Addax after that transaction. (Big O would own 23% of Addax himself. Is it possible? Addax currently has 354 million proved and possible barrels of reserve, if they know ERHE has 1 billion barrels, it might make sense to them.