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Thats not what this is all about. I know the risks and I believe they will find oil just as they have found gas. Its geting their facts streight. The PRs don't seem to match their filings. Thats why I have asked for clarification. I admit I don't understand the SEC filing and thus the e-mail to the company.
Oh I agree.
And Bmiles thinks I don't appreciate his efforts. But I do indeed. He has educated me in a field I know little or nothing about. I am very greatful for his input. Hes upset because I think one of his comparison sucks. Hey whos perfect, certainly not me. But I still don't have an answer from someone at the company. as I said before when I get it I will post it. So to all don't get your pantys in a knot. Just hang in there. I don't intend to sell any shares and won't till I determine there is reason to.
I take risk, BUT, I base it on an honest playing field. The risk is if they do or don't find gas, oil, gold, etc. As it should be.
The comparison you made was totaly unrelated to the subject matter. Next time base your comparison on fact. It has been reported there is 104 million shares. Why didn't you relate to a billion shares and pull the numbers out of a rabbits ass.
Get real. You came up with a detailed piece that I couldn't follow and it took a bunch of replys to get you back to earth.
The bast way to answer a question is with the shortest, most acurate answer. If I asked for details on how you arrived at that answer it might have been acceptable. My question if you look back was How many shares outstanding in mxxr now. Now go read your answer.
I was very happy with mxxr till the last sec posting. Its loaded with leagalease and misleading statements. Its totally different then what I was led to believe. I sent an e-mail to mxxr for clarification. I have not received an answer yet but that could be because there is no one there till after the holiday is over. Maybe tuesday. I just hope this is not a pump and dump operation. I don't mind taking risk but I want an honest company. If its not then watch what happens. When I get an answer I will post it. I still am holding my position in the stock. I discount most of the bullshit on this and the other boards. What got my dander up in the 8K.
Thats a dumb comparison. The facts are what the facts are. The numbers thrown around were based on 57% and 104 million shares. If the numbers were based on those above then if the real numbers are 42% or 30% or what ever then its all bullshit.
as a stock holder I am entitled to the truth so I can make decisions based on the truth. If I can't get the truth I don't belong in this stock. that filing was made to confuse the average investor. How the hell can I tell the real value of the company or its potential if I can't get acurate info?
Thank you! All those calculations are fine for you young kids.
At 77 I can't keep up with all that jibber. Remember the word, "KISS". It means Keep It Simple Stupid. No refection on anybody. Communications is only effective if the one you are communicating with understands you. 20 years ago I could keep up.
Thanks again.
Without any verbage. How big of a percentage does MXXR own.
I can't believe they went from 57% to 42% and I don't think they own 99%. Seems this PR creates more question then it answers. Hope we get an answer soon. All of those calculations that were posted were based on 57% ownership. This last PR could mean: Nothing has changed, the numbers are actually higher, the numbers are lower?
But their PR stated 57%. Does anyone know what % they own today?
I wrote an e-mail and will post the answer.
I AM CONFUSED! I have no idea what the own and as far as those flake bashers go I never read past the author line. I am concered about the other wells. I will write an e-mail and see what they say.
I know, but they stated they own a 57% interest. Is this 42% interest in addition to the 57% or is their true interest 42% or 99%? This is either worded to deceive or just a screwup.
How much percentage of the well do they own today?
I read that report 4 times and still can't figure it out. Its pure jibberish. In plain english what percentage of the well at buck snag does mxxr own!
Is this 42.5% in addition to the 57% for a total of 99.5%.
I don't understand?
Don't make the mistake of being too conservative. Your idea does have merrit however better numbers are better motivaters.
The best motivators is good news. A slow and easy progression in the numbers is better then a fast drive upwards. A fast drive motivates flippers.
Rember this old saying, "By the inch its a cinch, by the uard its hard". Enough of my bullshit now get out there and kill.
typing correction. The real value is in gas.
I believe the drilling for oil is very important. The real value and long term oil is in gas, however. the oil is valuable from a perception point of view. Oil is a pain in the ass. It has to be processed and trucked and the market speculation is out of hand, but investors want to see oil.
I believe the numbers you are posting are very conservative. i think this stock will go nuts when they hit oil. It doesn't matter how much either.
I agree. Gas is the best of the two and with winter coming on and the price going up we will see better values then we thought. They certainly are not going to stop at 5 more wells.The more they drill the more they will want, and so on and so on. Even if all the message board go turn into garbage we will always have the company web site to go to and the PR dept for answers. Kraigger23 I 'de like to thank you for all your posts and insite in the past and wish you well in seeking wealth.
Thats what I thought and it sounds logical. Therefore the bull being spewed by the bashers is just that, pure bull. I just wish I had more money to buy more, but its a sure bet as soon as I can find money it will go into MXXR. Good luck.
Yes they are partners there as well. I don't know the %
Has anyone ever asked who has the 43% of the rights we don't have. The answer to that may give us some insight of what the costs really are. I think the well driller gets some part, and how about the land owner, etc.
This could be an attempt to tank the stock to buy more. Kel is smart. With his knowledge he would know just what to say. However, he may also be totally honest. I think with the people MXXR is associated with and what they have stated in the past, there is just too much going for it. Don't forget this is a new venture for MXXR and they are bound to make mistakes. It not how many mistakes you make but how you recover from them. So far I rate them as A+. IMHO.
It basicly says to ignore him and that by addressing him in any way you are feeding him and making his effect stronger.
SEE POST 3251 on RAGING BULL.
Management is doing a fine job. They put their money where their mouth is. At the rate they are going they will be a big company in a matter of a few years.
If you look at Buck Snag, as soon as they found out they had gas in the first well the planned on drilling 5 more. If they follow the same road they will drill more at Cloverlly.
Now as to smelling the coffee, its better to drink it.
A stuck pipe is a normal happening in the process of drilling deep wells. The problem is easily solved by a professional well driller. the only thing it will cause is a time delay and thats all.
All business that are for profit will follow the path to make more money. That to me means more wells. Some people may be very happy to flip a stock for a quick buck or two. Not me. I don't flip. I hold it and suck every last buck out of it that I can.
My reply is not for you alone but all in general. I have nothing against you or the information in your post. Sorry for any misunderstanding.
From what I read on this message board the posters are guessing at a book value of anywhere from 19 cents to over a dollar. Thats the insight of a stock flipper. People this stock is an investment that can be valued at $25 - $50 - $100 or even more.
They base the values on a oil/gas well and 1 gas well + 5 more to be drilled by the end of the year. That part is true but its only scratching the surface. you don't think for one minute they will stop with that. Hell no, as I write this they are looking for more deals and on and on it goes. We are just starting to roll. In the next few years we could have 50 or 100 wells and maybe more. We also are in the gold and silver mining business. The people that buy this stock to flip are nuts.
In the years to come just 1,000 shares at a current cost of $60 would return:
AT: $1 = $ 1,000
10 = 10,000
100 = 100,000
Oil is black gold, Gas is cash, Gold & Silver makes you smile.
yes! I can't open raging bull either.
Ref:Scottrade on line trading in a MARGIN account: If you trade a stock (sale) you can trade that amount of the sale in another stock (buy). If you have cash in your account you can buy on line till you use up the balance. If you buy and sell the same stock in the same day the program will reject the trade. You must call a broker to trade and over ride the program. It has to do with liquidity and clearing of penny stocks and control minipulation. I do not know if this is true with other brokerage houses. The restriction is lifted the following day.
I don't know if the hit target date is Sunday or Monday but I do believe we will hear some news sometime next week. The seem to drill like gang busters when they start and tend to slow down as they get to the target depth. It doesn't matter exactly when we hear, its what we hear that counts. Best of luck to all stock holders. Have a great week end all.
What about the gold property in Canada. Whats happening with that?
Look at the downside risk. As I see it there is very little if any. We know the well is at least loaded with gas and I feel confident a way around the problem of a stuck pipe will be found. Now the ringer. We start to drill a new well in a week of which we own 57%. Now lets look at the upside. Wow! Where does it stop. It doesn"t and there are two more partnerships in the works. So do you think this is a good investment....DAM RIGHT IT IS!
This is very exciting. Many thanks to Mike for his timely information and thanks to all the posters and their DD.
Thanks again for some great posts, (as usual), I can sleep again tonight. As you can tell I know nothing about oil drilling but thanks to you all I'm learning fast. Good luck all.
Question:
How long does it take to install the casing to prevent gas damage & does this stop drilling as the casing is being installed.
I find the opinions expressed on this message board are excellent. Many thanks to all.
Howard Haftel
I like to enjoy the moment of drinking. drink slowly and enjoy. The funnel method just get you drunk fast with no memory of what took place. Drink slow and get sh*t faced.
Now when you say go to Hawaii and have a poker game. I've been there 4 times and while I do love it I must say I don't quite understand what you mean when you say POKER. Do you mean sex or is it a card game. Sex is fine but a card game? Really!
Never mess up a great drinking bindge with a silly card game.
I have a rule: I never drink after I pass out. I cured my drinking problem. I now use two hands on the glass. Haven't spilled a drop since.
We all make stupid mistakes once in a while, but you know we don't know it was stupid till after the fact.
Have patience till the end of next week at least.