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Rig is like naked short...working but you can't see it in action
That is already being looked into by finra so I can not give you an answer just yet
Nice call have a great weekend. Now when we hit it all we need is for treaty to set up an investors weekend in Belize .
I have stated before the net effect of open short position is just a whole lot of extra shares floating around. The only way to be sure is to take everyone's stock, put it in a pile and count it. Heck I remember reading about a guy who purchased the entire float of a company and everybody went like who,what when how. I'm talking millions and millions of watered shares
Ahem .. Another way to count the shares is to be bought out etc :)
What are you talking about retail investors anyway it's all about the market makers and the ability to short without having to locate stock. Come on get real.
What makes you say that junk
Thank you willy excellent post
I hear you. Cool can I pick your brain
What do you make of the spread being 1/1000 of a cent.
Fascinating stuff oiljob keep it coming! I have no experience with geology other than taking a historical geology elective in college long ago(loved it)
If the prospect is not a carbonate formation as described are there other ways in which fields develop?
Thanks that makes a lot of sense. Man o man I can only imagine how much more adrenaline must be flowing in Belize right now.
Did not think of potential as blowout protection.. I was thinking that it saves time/money not having to reset rig, and or they are just pretty confident of the result, or all three,four etc
Anyone with experience drilling
Is it standard practice to start two holes before completing one?
I mean if management is so interested in ihub posters defaming the company I would honestly think they would also use attorneys to look into suspicious trading. If the company does not do anything beside lip service then it is either not a serious issue or the company is part of the reason for the problem.
If anyone in management thinks the stock is being manipulated all they have to do to start an investigation is to e-mail
Regtips@finra.com
There is continued downward pressure on the stock it seems. Is this stock on the radar screens of any large investors?
I was looking at the BNE timeline and like oiljob stated in an earlier post it was about three weeks before they hit oil and months before they concluded it was a commercial find. I still think it is great they are starting this week though. I was one of the early skeptics but this team has made me a believer
New York time that is
5pm our time
Does anyone know how deep BNE had to drill their wells?
Allrightets start drilling already
Stranded...stranded....on the toilet bowl
What do you do when your stranded, and you don't have a roll...
To prove your a man you must wipe it with your hand
Haiku
A greed
Testing.......:) anyway this should be an exciting week. The suspense is building....
Wouldn't it be sweet if they started drilling Friday or sat and announce a find pre market tomorrow
Lol yah this is what it is all about. Good luck to all
Shorts are playing mind games.they want us to think 7 cents is a great price. I will keep buying down here
My estimate is at least 80 to 100 million short right now
Almost all companies are shorted on this market. Most hedge funds will hold open short positions with the thought either the company is a fraud or the short position will dilute and depress the stock price so basically it is harder to make it. It gets to a point where they never have to cover and your money is pure profit. The problem can arise where a company actually makes it. That is where we come in. We are drilling any moment now, and WHEN we hit oil the shorties have to make a decision. They either buy in, or work the stock over and over to extricate themselves. Who knows they might even become fans!
No matter who they short the stock for, they are responsible to cover if the hedge Fund/ shorters leave town
We need to drill, hit oil, make a profit. MAYBE, just maybe, the market elephants will decide to return some money back into this. Right now we have probably started to become a small speck on the radar screen. NSS is killing capital markets.
Looks like topography of our site
Cool Cool
I agree it's a crap shoot but I would imagine it would be valued higher if they have a back log for wells and they sign a long term agreement with treaty or something to that effect
I have 107750 traded so far today
Strange my trade for 10000 (black) and another trade 9750( green) are on this site and not on your screen?
I have done nothing but buy and have seen all three colors at one time or another
Cool what are the trades that are neither red or green? A lot of my trades are this color lately
Whomever owns the concession can purchase treaty drilling co or get shares in it
Treaty needs to make a deal with whomever owns the concession for a production sharing agreement
Haha good idea! I wonder who owns that concession