Trying to retire as early as possible
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RM means reverse merger of another company into this ticker....
RS is a Reverse Split....like 100 to 1....you have your wires crossed
Really? Somebody is one tick flipping 1ml shares? rock star
I tried to call Transfer Agent to get current SS....but I got nowhere so i sent them an email request instead
Nice bid showed up
Looks like company better put out something a little meatier...support drying up....
No worries....if the TA would just update the share structure for us tomorrow on otc markets , That’d be great ....if I get a chance I could always try to call the Transfer Agent to see if they can provide the info....unless the company has the TA gagged from releasing info to the public, which is usually the case in otc land
Not a basher....but....that float figure is from June 2019...the float is basically the unrestricted share figure(44ml)....although that may include non-insider paper shares not deposited in accounts...the true tradable float is typically equal to the
Shares “held at DTC” which is blank below...so at this point the float would be assumed to be 44ml or higher...
Authorized Shares
850,000,000
04/03/2020
Outstanding Shares
90,793,815
04/03/2020
Restricted
46,471,040
04/03/2020
Unrestricted
44,322,775
04/03/2020
Held at DTC
Not Available
Float
5,422,775
06/10/2019
This could have easily closed solidly at 12, but we had a 10ml share seller this afternoon who probably bought 5s....at least he’s gone now....
If this can get to .006, things could get interesting
Agreed....somebody will see the value here, perhaps even a group if oil continues to climb....but once they get current w otc markets, any remaining wall will be toast...in minutes
All I can say is that oil has been looking much better this week....after reaching out through the grapevine...I have been informed that they have a lot of offers to sift through as it’s public knowledge that many drillers closed up shop or are selling off assets...I’m sure they have had a lot of their time consumed by this turn of events...it’s been a crazy year....fortunately, these guys don’t have any real debt to speak of....which is a bonus....I’m not going anywhere....that wall at .02 is a bummer...but i seriously doubt it will be there too much longer...especially if oil keeps slowly climbing....
Gonna need some big buyers to step up and slap ASK...to close this green on a Friday
It gapped down 30% from yesterday’s close.! some day it will refill that gap no doubt
Gapping down....the company just keeps selling shares at .60-.65 thru purchase agreements...and that’s where we are headed....if there actually was a buyout, I doubt it would be for much more than the current price....in its current form, it belongs on otc as its losses are huge and it continually sells paper....it’s business model isn’t workable....
I’m not in, but there’s a good chance we see a gap fill in the future as company desperate to get above $1 again...shorts gotta cover sometime....they have until aug 24...
I’m just watching this one for now.... can company keep this company above $1 at close for 10 consecutive business days?
Stay tuned.....these guys burn thru money fast...might grab some if it dips hard enough....
Oil prices looking very good....maybe that was it....
Wow...I was tied up until now....nice slap!
To add to your enormous mountain of shares....so you added a boulder! :)
Damn...some sellers bailing out at 16 today...
Damn...I called one day and they were saying that they weren’t gagged...of course I don’t know status of lockdown where they are located
Nice little 15k slap out of nowhere....of course followed by 10k dump into bid....these guys gotta get it together soon...I do see a nice bid at .013 now...
Yeah...some low volume craziness...somebody selling though...these guys gotta get those fins out to the public...
Float locks are quite unpredictable
Nice...I just got some today....as a lotto
You 2 guys still holding 500k ?
Good guy to have on the team....that’s for sure...let’s see if These guys can at least get their fins posted to their website this week...they finally started tweeting again...
Very true
That sounds like a great opportunity if they get all their ducks in a row soon...
You’re welcome...let’s see if they come thru as advertised
Ok....2 things....the TA is not gagged....you can call them directly....I believe that the stock is now dtc eligible and the TA will be trying to update otc markets next week with new, correct info.....the company is still awaiting a reply from otc markets after answering their last round of questions...in the meantime...I have been informed that we may start seeing financials posted to their own website for now and a tweet very soon with those...My understanding is this will start happening Very very soon...
I have no idea who the seller is....but it’s probably either a really old holder from way back.....or somebody trying to hold this down and buy more very cheaply...once we get solid news, we will know...I haven’t tried to contact management yet to see whats holding everything up w otc markets
Another nice day for oil....the only update I saw so far was the Transfer Agent on otc markets....I’ll reach out and try to get the new game plan and/ or timeframes....
Maybe it’s an old timer? When they had to certify shareholder list, they mail out letters to last known address of holders...this alerts them that something is going on....if they were able to deposit paper certs or already had the shares in an old account they forgot...they could be foolishly selling just like that guy last year that dumped big pile for a huge tax loss....insiders aren’t selling....i don’t have 2 ml shares to sell....there can’t be many that do...better to get rid of big sellers down low here before big things start happening again....imo
Wow...nice slap from somebody before the bell...I didn’t get to see if those shares made the ask pile any smaller though
Good to hear....I still have no idea who put those 2ml on ASK in one block like that...but if good things start happening...they’ll either take that wall down or stand to lose some serious shares in the near future...
You’ll hear from them before next Friday....so many delays really hurt the price here...I’ve been so busy at work....I work for utility company and we are running around like crazy atm...
Damn...huge seller on ask....
The gov stimulus buying should be starting soon....that includes stockpiling oil in our reserves in the US....not sure exactly how much $ worth they will be buying....yet
No doubt....filings hitting otc markets will start to generate some interest....for next few days we are in a ghost town here...
Ok...my understanding is they got the paperwork from TA....McCabe and their atty signed off on it this afternoon...otc markets should receive the packet Friday...there’s a chance we could get codes Monday....none too soon as bid support dried up here big time....one note...the drop in oil prices certainly isn’t helping short term, but they may have a bit more leverage to get a better price on any property/leases they are looking to acquire soon....