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Hope the printing press is in good working order. That's a lot of toner.
Don't be fooled! Just like yesterday UPDV down over 6% yet up volume higher than down volume. Just the MM's trying to steal cheap shares from the weak hands to add to their own inventories so that they can give them back to you at a higher price as they let this run up soon in anticipation of the 10Q.
http://www.profitspi.com/stock-quote/updv.aspx
LMAO! That was funny, but could be true. Ya never know.
Thedream777, just always assume that the price will be down. That's the direction that most pinkies trend over time ... and if it goes up, that's a bonus for you. With that type of mindset, you'll never be disappointed.
I'm holding you to it racereviews ;)
Why do you care investorman? Just buy low, sell higher, and make money. Scam or not, it all works the same. It's called profitable trading. Don't get hung up on logistics when dealing with pinkies.
UPDV drops 5.77% today when the up and neutral volume blew away the down volume 13 to 1. Can you say MM manipulation?
Total shares traded: 22,952,172
Down volume: 1,650,320 shares
Up volume: 2,767,000 shares
Neutral volume: 18,534,852 shares
http://www.profitspi.com/stock-quote/updv.aspx
In my opinion UPDV would be the better choice to hold longer term as they are the majority shareholder of HTOG and the controlling interest. And UPDV is a diversified holding company, not all of their eggs in one basket.
But I somewhat agree with the other poster as no OTCBB or pink sheet company should be considered long term holds. It's best to trade them. But I do both. Trade short term to lock in gains, then peat and repeat to build up a core position of free shares. I'm more willing to gamble with shares purchased with the casino's money, so them are the shares that I will hold out for the lotto jackpot if it's going to happen.
But I won't just abandon those shares and hope. Rather, I will continue to follow company events (8K's, etc.) and developments (PR's) and stay on top of quarterly filings (10Q's) to look for growth in revenues and earnings and a strengthening balance sheet. If I see the fundamentals deteriorating or excessive unwarranted dilution of shares, I'll dump my core holding and move on to greener pastures.
Right now I'm waiting for UPDV's next 10Q with bated breath. I'll decide to add, hold, sell some or sell all at that point.
OMG what pathetic volume! Is this some kind of low volume record?! Well, no one interested in buying but I take comfort in knowing that no one is selling either. I'm going to hold out with my core position for at least 50 cents. Will take profits from time to time along the way. And my free trading shares will hold to a couple bucks per share. I think it'll get there in a few years if they keep executing as they are and oil stays over 100/bbl. And with winter coming before you know it, NG prices should start creeping back up. I feel good with my 3.1M share position. If it drops below .003, I'll load up some more, but in the meantime I'm done buying for now.
Good luck to all and have a good weekend.
Damn! Too bad.
It's a great song by the way. Oops! Just one post left now dern it ;)
LMAO! You got that right! I'm done goofing around for tonight. Goodnight (or morning) to all. I won't be bugging too much tomorrow, I only have 2 posts left after this one because I'm too cheap to pay to post here. Or let me rephrase that, I wouldn't "pay" to post on a stock message board that censors worse than the Glavlit ever dreamed of doing.
Derb, have you noticed that our pal stephenlumb refers to most people as being little. I took some psychology in college and if I recall correctly it has something to do with that person feeling inferior themselves. I think he's a sociopath.
Message to stephenlumb: The above is just my opinion, nothing personal. But you better get to bed so you can get up in time to bring us all to our knees at 9:30am est. LOL! I hope this post doesn't cause you to have a stroke. You seem to be losing your grip on anger management. Just remember to breathe deep and slowly … in through your nose, and out through your mouth. It works for me.
None of us ever "plan" to lose money ... it just happens sometimes. Not everything is in our control.
I was thinking the same thing eviltweety.
The saying is "I couldn't care less" if you don't care at all. Saying "I could care less" means that you still care to some degree.
So do I lumb. What a coincidence! But I think your hedge needs a good trimming.
Lumb is 40 years old. I've been trading stocks since the real lumb was 10 years old. I can tell you a thing or two about the market and it's scams and con jobs. Don't fall in love with this stock stephenlumb. You know the old saying "A fool and his money is soon parted".
Great lumb, you can have it all! By all means it's all yours! I'm not interested in any of this POS.
When FFGO starts tanking it'll be brutal as the bagholders scramble for the exits.
I can't believe all the people on this board who thinks this stephenlumb moniker fellow here is the real Mr Lumb of South Africa! Too funny!!!!
Hey Mr Lumb, you seem to be a real jerk if this is in fact an email reply to one of your former shareholders:
'I consider you a target and therefore expendable ... You little people fail to realise that people such as myself do not care about you or your lives. I do not care if I break you and your family financially, I could not give a s**t.'
http://www.thisismoney.co.uk/news/article.html?in_article_id=407869&in_page_id=2
We can't, but the MM's can sell short and worry about covering later. If a MM gets a huge order from a client and doesn't want to piss off that client by telling him he doesn't have enough in inventory to fill his order, the MM may choose to sell that client shares that he doesn't have yet and worry about covering later. Nothing worse than losing a good client to another MM.
I thought the CEO said not to expect the record date any sooner than late Aug or about 3 weeks?
It would certainly help if he gets that back down to a more acceptable level ASAP. That has to be keeping a lot of other "potential" buyers from actually buying. I thought about picking up some shares just to ride the MOMO, but my order the other day at .0002 didn't fill (even though it was pinging off it all day long) and I wasn't about to chase it. Been burned too many times doing that and always ended up saying "If only I would have just waited a little while". I still feel pretty confident that I'll be able to pick some up at .0002 or .0003 as people decide to cash in and lock in some nice profits. Too many people hitting the exits at the same time usually creates a panic situation and a snowball effect.
But a huge AS should concern you because it means that if they wanted to, they could dilute up to that point, making your original slice of the company pie that much thinner.
Current OS 32 billion, Current AS 5 trillion, meaning at maximum dilution your slice would be 156th the original size. Now I know like you do that the CEO said he wants to get that AS down ... but seeing will be believing.
More shares traded on down volume than up volume, but there were 824,000,000 shares traded at neutral volume.
UP volume: 226.5M
Down volume: 248.5M
Neutral volume: 823.8M
http://www.profitspi.com/stock-quote/ffgo.aspx
Nothing goes straight up. Just remember to take profits along the way. In my opinion there will be more opportunity to buy this again at .0002 should you wish to add to your positions. As for me, I'll just watch from the sidelines ... I'm seeing too many red flags here. But I'll be the first one to admit that sometimes you can make a killing even on scam operations. It's all about timing ... getting in low and getting back out before the whole thing implodes. I'm not saying that FFGO is or is not a scam, I'm just saying that most pink sheet companies are. So caveat emptor. Best of luck to all the longs here.
JimProfit, $3.6M upside down, so what? It's peanuts! That can be wiped out rather quickly as UPDV continues to generate a higher return on those assets. Two assets in particular; HTOG and CFUL. Both have been executing nicely as of late and not yet reflected in UPDV's 10Q.
And why do you think UPDV is trading below a penny? It's because of that assets to liabilities ratio and it's already been factored into the share price. But that's about to change over the next few quarters. Just sit back, watch and learn.
THEDREAM777, when I said reporting earnings, I just meant reporting their Form 10Q with the SEC. The 10Q is the quarterly filing where you can dig into most recent financial data for a company.
A look at the P&L statement, balance sheet and cash flow statement gives you pretty good insight into the company's overall financial health. But don't forget to read the footnotes as well. And you can look for trends by comparing the most recent filing with the previous filings. Ideally you want to see revenues and net earnings increasing from period to period instead of decreasing.
And you want to look at their cash flow statement to see whether are not they're cash flow positive or negative. Good revenues and earnings are great, but if a company is experiencing cash flow problems it can really put a damper on things. And by looking at the cash flow statement you can see how quickly they're burning through the cash and the source of that cash whether it be from debt or equity financing, sale of an asset, etc.
In this coming 10Q you can also get the current share counts on authorized, outstanding, preferred, restricted, etc., as of June 30, 2008. But remember, by the time this filing posts the data is already 6 weeks old. So stay on top of the other SEC filings as well for updates to this, especially the 8K's.
My opinions. Hopes this helps.
eatlikeahippie, how in the hell do you come up with a $12M market cap??!! Market cap per latest SEC O/S count, about 101.8M shares and a PPS of .0059 equals about 600.4 THOUSAND dollar market cap. They only have 950M shares authorized and even if they were 100% diluted (which they're not, far from it) the market cap at .0059 would be $5.6M.
Friday's are usually down days as swing traders take their paychecks for the week. Next week I say we hit at least a penny. No worries here. 2.6M shs strong. In my opinion over the next 12 months this will be trading in pennies then nickels ... making these current sub penny moves meaningless.
Another thought … I don’t believe any of the rumors of UPDV currently being acquired, but the concept isn’t too far fetched. UPDV has a great infrastructure in place now and is on the cusp of rapid expansion and growth. But they’re really feeling the growing pains. It takes gobs of cash to execute on their business model. Good model, but lack of capital. And raising capital through dilution really isn’t the answer for us shareholders, though it’s pretty inevitable. They just increased the authorized share count by 700M shares, and they did it for a reason. Beacon is expecting 450M shares outstanding by the end of the year, and in my opinion that number is a little on the optimistic side.
I really wouldn’t be surprised to see another O&G company with deeper pockets approach UPDV in the not too distant future. They’re taking notice. I have no doubts (especially with the shift from dependency on foreign oil to more domestic oil production). If you think about it, UPDV’s a perfect acquisition candidate; valuable assets, good revenues with very strong growth in revenues … just hurting for cash as the revenues from production haven’t caught up with the expenses yet. Someone with the cash can pounce on this opportunity and run with it. And you can bet that we would get a nice premium multiple for our shares.
I would still prefer to see UPDV do it on their own though, and if they can just make it through this cash crunch I think they have a pretty good shot at it … thanks to the high price of oil and natural gas, and more of that production coming online.
Last year they reported June Qtr earnings on Aug 20th. My guess this year sometimes around the 15th thru 20th of Aug.
Beachcracker, it didn't move up 20% because I own it. Most stocks that I own aren't that lucky. But the chart is still trending up. I say next week we'll close higher because we'll be that much closer to the next 10Q. My guess is it'll come out around Aug 20. I think people will want to be in this when that comes out, or at least be buying into the rumors leading up to it.
Still long and strong 2.6M shares.
Pirat, Beacon thinks UPDV will have 450,000,000 outstanding by year end. I'm more conservative by nature so I'm basing my investment here on 600,000,000 by 12/31/2008. It's like budgets on anything, they always go over. So I prefer to error in my favor.
On another note, some profit taking from the day's high but chart setting itself up nicely for another EOD run. But should it not happen, I'll be happy with anything as long as the number is in green at EOD.
Good luck to all here and congratulations. But keep everything in perspective and don't get too greedy. Pull some off the table from time to time to lock in some of this green. No stock goes straight up, lots of zig zagging going on intraday, intraweek, intramonth, etc., so always opportunity to sell high and buy back at least a little lower. Good way to leverage your investment and basically make money out of thin air.
I sold off just a little today for some celebration money. Just booked a mini vacay for the wife and I to Vegas. But I will certainly be taking my laptop with me to keep an eye on things. I wonder if they'll let me watch my laptop screen at the craps table ... or do you think the pit boss would frown upon that? I don't own a blackberry or an iphone and the laptop is a little clunky.
My opinions.
By the way, where did our tag team from last night go, TOAD and the other feller?
Those who have been doing their DD on UPDV would tend to agree with you New Age that over the long haul UPDV's the better buy. We're all the subsidiaries big daddy.
That's what UPDV does, acquires O&G related companies at bargain prices and then cracks the whip at them to produce rather than lolly gag around. And IF they produce, daddy keeps the capital flowing to them so that they can continue to grow exponentially. A good business model in my opinion.
And as other's are saying here, UPDV is diversified in it's O&G holdings companies so that lowers the risks to UPDV. These separate subsidiaries such as HTOG, CFUL, etc. are not that diversified so they are riskier bets. Say what you will, but in my opinion Kamal knows what he's doing and has thrown a lot of his own money at his company and only expects huge returns. Hopefully he shares some of that wealth with the shareholders who helped him fund all this.
My opinions
Exactly live_to_be_100. If that one well in northern KS is representative of the rest of their acreage there, HTOG's sitting on top of a gold mine ... and VC people know this. And UPDV owns 77% of HTOG so big big bucks coming our way.
My opinions.
Don't worry New Age, it'll get there. Slow and steady is what I want. I prefer single or double digit daily percentage gains over triple digit non sustainable ones. For a longer term investor, say 3 years, anything under a dime is a steal. Mark this post and revisit it on July 24, 2011. Seems like a long time to wait but time flies when you're having fun.
My opinion.
Yoda, UPDV owns 77% of Heartland (HTOG). So what's good for HTOG, is even better for UPDV cuz HTOG is only 23% of the lion's share.
Great post samplescave! Good work!
DFLY, if you're looking for a stock that's trading under a penny with a pristine balance sheet and no skeletons in the closet you'll be looking till hell freezes over. Hello! They don't exist! Stick to the blue chips or just buy already and enjoy the ride with us. Certainly while on the sidelines you can't lose money ... but what fun is that?