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Witty little saying TOAD, but you're wrong. Even filings lie sometimes. I know of a CEO who is awaiting sentencing this Oct for lying to the SEC. He just got done pleading guilty on all counts. BTW, I thought you were leaving?
DFLY, that's because you didn't get in when it was trading under .002 a couple weeks ago. Now will you please leave us be, or just shut up and buy already?
I think UPDV is one of the better gambles out there in OTCBB land. In fact it's my largest penny stock holding (2.6 million shares). Huge upside potential in my opinion. Still risky, but what penny stock isn't? If you want to win big, you have to bet big.
But only gamble with your mad money ... NEVER EVER with monies allocated for savings, food, clothing, utilities, rent, diapers, tuition, transportation, etc, etc.. I think you get the gist.
Always imagine losing every cent that you had invested in a particular stock and how you would feel afterwards if that happened ... and then place your bets accordingly.
My humble opinion.
DFLY, no biggie in my opinion. 950M shares authorized is better than that 2.5B shares a few months ago LOL. Anywho, most here who have been doing their DD were already anticipating more dilution.
UPDV is the majority shareholder of Heartland, and HTOG needs funds to build-out their SE Kansas fields (300 new wells within the next 12 to 24 months). And UPDV being HTOG's daddy, well, HTOG will come to daddy for money if they can't come up with funds on their own, but HTOG's trying:
http://biz.yahoo.com/bw/080602/20080602005549.html?.v=1
"NEW YORK--(BUSINESS WIRE)--The management of Heartland Oil and Gas Corp. (OTC BB: HTOG - News) (FWB: HOCA) recently initiated contact with institutional investors/private equity funds that specialize in oil and gas exploration and production and pipeline construction. These discussions have focused on the development of at least 300 wells over the next 12 to 24 months."
Also, in that June 12, 2008 UPDV Beacon Report analysts were figuring that UPDV would need to dilute at least 300M shares towards well expansions:
http://www.beaconequity.com/index.php?option=com_content&task=view&id=1191&Itemid=62
"We assume an increase in the fully diluted share count to 450 million by year-end 2008; we think the Company may sell 300 million shares to fund its drilling program."
Beacon is estimating UPDV to have 450 million shares outstanding by year end 2008, but I'm actually expecting a couple hundred million more. But I'm still OK with that if the funds being raised are being leveraged into increased production and $$$$$.
Even if UPDV were to dilute to 650M shares by Dec 31, 2008, at the current share price of $0.006 that's still a ridiculously low market cap of only 3.9M bucks. Even if UPDV's market cap were $3.9M today and assuming current revenues, it would still be undervalued by a factor of at least 10 in my opinion. In other words, a share price of 6 cents near term isn't out of the question. Longer term, one to three years ... 50 cents. I'm going to hold out for at least that with a decent core position of free shares.
My opinions though. Always do your own DD and never take anyone else's word for it.
Good luck to you.
cyberperm, you can argue this point until you're blue in the face but you'll never convince anyone on the BIHC boards that you are correct and everyone else is wrong. It's like trying to beat a dead horse. I tried arguing this exact point but finally gave up. It's hopeless. It looks like it's just you and I that can agree with each other. Maybe we went to the same school because we both believe that one digit to the right of a decimal point is tenths, two digits to the right is hundredths, and three digits to the right are thousandths.
I don't trust pink sheet companies and the fact that often they like to tread in gray areas for a reason. Why they put that decimal point in front of that 19 and 23 I'll never know. Why couldn't they type it as .19 dollars or .23 dollars (that would have been more accurate if in fact they were talking 19 or 23 cents) or $0.19 or $0.23 would have been preferred? Seems simple enough if that's what they truly meant. So because of that crappy PR I remain cautiously skeptical. But as I said earlier, I won't lose much if this goes to zero, so I will continue to hold until at least a confirmation PR from BIHC.
But BIHC isn't a reporting company so you're not going to see an 8K filing with the SEC. And I hope carpedeim is right. He's assuming that if the answer was "NO" that we would have heard back from BIHC by now. That makes a lot of common sense, but I don't like to assume anything or try to apply common sense or logic to what pink sheet companies may or may not do.
Deep in my gut I just get bad vibes about this deal. But I'll continue to hold the few shares that I own and "hope" for the best. If I win I win. If I lose I lose. I didn't bet the farm on this like I did UPDV.
My opinions.
And because of the white candlestick today, that "sell-if" rating on American Bulls gets wipe off the slate and we start over from hold. Today was "sell confirmed" confirmation day for yesterday's "sell-if" rating ... but the confirmation didn't happen so we go back to hold tonight. Yippee!
I agree with you goldbrick. Slow and steady best for strongest support under the share price. Though I don't mind the occasional double or triple percentage up days LOL. I usually sell into that kind of strength and when it pulls back leverage into more shares for no more money. Always holding a good core position though for the big cashendo! And I'm not talking a nickel or a dime here, 50 cents minimum! At 50 cents I'll be sitting on a cool $1.3M bucks with just my current holdings. I will continue to buy on the scary dips.
Good luck to all here. We all deserve to make money, especially the ones who stuck it out through thick and thin. I lost over 90% of the dollar value of my original holdings from about a year ago, but thanks to the wicked MM tree shaking (93% down in 39 days) I seized on that buying opportunity to lower my average cost per share to where I'm actually up nicely now. And it's a great feeling knowing that you're up near all time lows in share price.
My opinions.
Welcome to UPDV djj and best of luck to you! Keep that party dress handy!
It reminds me more of "festivous for the rest of us".
Thank you. I guess you know how I feel about UPDV LOL. I normally swing trade penny stocks but I intend to hold a nice core position in UPDV because of its "potential" and undervalued price. I'm curious as to why the MM's took it down like they did (93% in 50 days). Never witnessed such a brutal attack in all my life. They did this for a reason, and in my opinion it was to add to their own inventories at next to nothing. They'll turn them shares loose at much higher prices on the next bit of good news from the company. And the O&G sector is where the money's going to be for a while, so they're well positioned.
I'm still happy with UPDV's performance as a company and as a stock. The company itself seems to be executing on its business plans, and the stock has been holding up pretty well since it's recent 52 week low of $0.0013. Really looking forward to their next 10Q too for some more clues as to the longer term potential of this. They need to raise capital so I am expecting to see more dilution. But get as many wells online and into production ASAP (while O&G prices are high) and eventually the cash flow from production will slow down the rate of dilution and eventually lend it's way to more conventional financing.
And look at UPDV's current revenues and market cap. There are so many other garbage OTCBB O&G companies out there with so much higher market values than UPDV, yet with nowhere near the revenues or producing and non-producing assets. In my opinion UPDV is positioning itself well to become a pretty formidable junior player in the O&G business.
I like the way they are majority owners in all their complimentary subsidiaries too: O&G well development & maintenance, O&G storage, distribution, marketing, etc. Seems like they have most of the bases covered with a well thought out business model.
Now let's get them coal bed methane wells tied in to that 3.5 mile pipeline in SE Kansas! Need them revenues to help ramp up the Texas natural gas production and maybe bore a few more holes into that vast acreage along the KS pipeline.
I've been doing just that over the past several weeks. I'm up to 2.6 million shares now and holding strong. I'm patient on this one. Been doing extensive DD on it for over a year.
Way, way undervalued. Still down over 93% in just the last 50 days thanks to the very effective tree shaking by the MM's. In other words, UPDV is trading at 1/14th of what it was trading at just 50 days ago. Market cap 50 days ago was US$6.8 million. Today it's US$488 thousand.
UPDV's cash in the bank (mrq) was equal to 2.3 cents per share. In other words, cash alone is worth 4.8 times the current share price of $0.0048. Price to sales (mrq) equals .01 (in my 27 years of investing I've never seen such a disconnect in share price to sales). Quarterly revenue growth yoy equals 1061%. Do you know what these numbers mean folks?
Hot industry, rapid growth in revenues, executing on their business plans, yet share price being penalized primarily because of their slightly upside down total assets to total liabilities ratio (mrq) and their weak .46 current ratio. But there are companies in a lot worse financial shape and with less possibilities than UPDV trading with market caps 125 to 250 times larger than UPDVs.
And look at the trend in net earnings past 4 quarters. Though still negative, the trend is in the right direction and has been improving each quarter.
30-JUN-07 ($59,768,000)
30-SEP-07 ($41,602,000) a 30% improvement over prev qtr
31-DEC-07 ($14,899,000) a 64% improvement over prev qtr
31-MAR-08 ($ 4,184,000) a 72% improvement over prev qtr
30-JUN-08 ??????????? TBA around Aug 20, 2008
What's not to like about this? Sorry folks, if they keep executing like this forget about a nickel or a dime because a $50 million dollar market cap wouldn't be out of the question, and at mrq O/S that translates to 50 cents/sh.
I plan to sell some on quick double or triple digit percent gains, but I will continue to add on the inevitable scary pull backs. Hey, nothing goes straight up, but no worries here. Corrections are healthy for a sustainable up trend chart. And in my opinion, the trend in share price longer term will continue to stair step upward so I plan to hold my core position of free shares until no less than 50 cents per share.
Call me nuts if you wish, it's only your opinion and you're entitled to one. But I feel that confident in this OTCBB holding. But what about the risk you may ask? Well, in my opinion the risk has already been priced in to the share price or it would currently be trading at 50 cents. Granted, there's still a good chance that they won't be able to raise the necessary capital to drill the 300 additional wells or to continue operations, but I'm a gambling man and I like the odds that I see here.
Good luck to all the longs here.
Disclaimer: All the above including this disclaimer are my opinions only. Always do your own DD and buy, sell, or hold only at your own risk. There are no guarantees when investing or trading stocks. It is possible to lose all of your investment in a worst case scenario. But in all fairness, it is also possible to make a fortune in the best case scenario. Fortune is a relative term though. A fortune to me would be chump change to Warren Buffet's $62 billion.
No problem Brad. But it does irritate me when some of my investments come to this, but it's to be expected when messing around with OTCBB and pinkies.
Anymore, I'm more of a trader rather than an investor (or buyer and holder). Been doing much better using this approach over the past couple of years. And not just using this approach for OTCBB and pink companies, but NASDAQ and S&P 500 companies as well.
In my opinion, the buy and hold strategy went out the window with the advent of one click $7 Internet trading while sitting with a laptop wearing nothing but boxer shorts. Just too damn easy, convenient and inexpensive to flip stocks for quick gains (regardless of company fundamentals). Sometimes the crappiest companies on earth have the best stocks for profitable trading. And vice versa, some of the doggiest stocks belong to companies with solid fundamentals and strong balance sheets.
I use to fight the in-and-out trend, but gave up a few years ago and joined the crowd instead. In the good old days it cost several hundred bucks in broker commissions and a visit to their office to make a trade ... and actually exchanging tangible paper stock certificates. It's a new world now so gotta change with it.
Regardless of the OTCBB and pinks being notorious for fraud, I disagree with those who say NEVER EVER get involved with these. Granted, serious money can be lost here, but so can serious gains be had with a lot of luck and some knowledge of how the games are played. But it takes a strong heart to contend with the ups and downs and the conviction to sell when the herd is buying and buy when the herd is selling ... and that goes against human nature.
My advice to newbies now regarding stock trading/investing is just 6 words; "Trade like a robot, zero emotion."
Forget the meanings of the words fear, greed, love, hate, sorrow, happiness, gut feelings, etc. You're not dealing with people anyway ... just stupid stock symbols that don't give a damn about how you feel. Emotions will cost you a ton in this business. Take this from someone who had to learn the hard way over the past 27 years of investing.
Good luck to all.
My opinions.
imherenow, I was involved in stock scams like this before. ADSX and RMEC to name two. And the way it worked in them cases; as long as I was a shareholder within the fraudulent period identified by the SEC, I was included as a victim or in the class. It didn't matter if I dumped some or all of my shares when I learned of the SEC investigations.
As far as restitution goes, if Plant has any assets the SEC can force him to disgorge back to creditors and shareholders (so many cents on the dollar depending on the value of his assets liquidated and the monies due shareholders and creditors ... but secured creditors are first in line). But if Plant has no assets, don't expect to get anything back unless shareholders decide to go after others who may have been involved in the scam via a class action lawsuit.
If there is a class action be prepared to follow the courts request for documentation to a "T". In the RMEC scam I made out pretty well on the restitution. I ended up getting back about 40 cents for each dollar scammed when the courts were estimating only 3 to 5 cents. When I asked the trustee why such a big difference, he said a lot of the shareholders didn't properly comply with all the courts requests, so they were excluded and the monies disgorged were divided up amongst a smaller pool of shareholders. In the RMEC case, the courts requested notarized documents from me more than once, and each time I was given a return deadline to prevent being excluded from the case.
I had to send the courts notarized documents and among those documents, photo copies of each RMEC buy and sell order confirmations. And I had a heap over an inch thick to photo copy because over the course of the many month period in question, I was basically in accumulation mode of RMEC shares and buying in lots about 2 or 3 times a week (I had some sales mixed in there too). Photo copies of monthly broker statements alone would have been easier for me to compile but the courts also needed the confirmations. To determine how much restitution I was entitled to, they needed to see when I bought or sold each share, the number of shares in each transaction, and the share prices at time of purchase and sale, among other BS.
In my opinion, look at the time period that the SEC determined Plant to be involved in fraudulent Cyberkey activity, and if you held, bought, or sold shares in that period contact the SEC to let them know that you may be a victim. Don't wait for them to contact you as your name may have fallen through the cracks.
And be diligent. Several weeks after I learned of other shareholders getting RMEC restitution checks (by reading the RMEC stock message boards) and I didn't get mine, I contacted the trustee (I waited only because I just assumed they were still processing my check as others on the message boards were also saying that they were still waiting for theirs too). The trustee told me that I wasn't going to be getting a check because if I hadn't received one by now, that I was excluded from the case because all the checks had been disbursed three weeks prior. When I asked him WTF, he told me that he didn't know the specifics of why my claim was rejected but that he would get back to me.
After another two weeks or so passed and still no call from him, I called him and finally he told me that he checked my claim and it was rejected because I never submitted my buy/sell order confirmations by the deadlines. I told him that he was full of sh!t. He told me to send him proof and thankfully I sent everything to his office via certified return receipt mail, and I had a signed receipt from the lawyer's office clearly showing that they received the documents many days before the deadline. After I proved that they owed me money, he said it would be a problem because all the funds that were disgorged were already divvied up and sent out to creditors and shareholders. After about 15 more calls to his office and another 6 months I finally got my check. He told me that the money had to come out of the law firm's coffers. It must have been pretty difficult for them to cut that $8K check to me using their own money LOL!
Good luck to you.
The trading volume tells me that no one is following TTGL. But best to buy before the herd catches on. If this doesn't trade over at least $4 in 2008 I'll be a monkey's uncle.
Go to NASDAQ's website (www.nasdaq.com), type in NDOL in the quote field, then click on "Info Quotes". Just above the last sale price you'll see the link "Holdings/Insider". Click on it. Now look for where it says "FORM 144 PROPOSED SALES" and just below that heading click on the link that says "Number of Filings" and you'll see details of all the 144 filings, and that 2MM share filing is the most current one right at the top of the list (as of this post).
Hope this helps.
OFF TOPIC: Cause, I own that movie and seen it at least ten times, in fact my wife and I watched it again last weekend. I just love the soundtrack ... the music is what makes that movie!
Go NDOL! I'm in for the long haul with a core position but flip a few shares from time to time when the opportunity presents itself.
Good luck to you.
riskinvest, I didn't mean to imply anything about the 22nd. I was just stating that I saw the 144 proposed sale on the NASDAQ's website when others were thinking other posters might have been making the filing up. I have no idea if or when any of them shares hit the market. Hopefully they already did, but who knows?
TallRob0, I don't think the NASDAQ website would show a bogus 144 filing ...
http://www.nasdaq.com/asp/Holdings.asp?symbol=NDOL&selected=NDOL&page=holdingssummary
DrFeelgood, I saw the 144 filing on the NASDAQ's website at the link below:
http://www.nasdaq.com/asp/Holdings.asp?symbol=NDOL&selected=NDOL&page=holdingssummary
NDOL's up 700% YTD. Isn't that good enough for you? Even if it finishes the year exactly where it closed yesterday at 40 cents, it'll still be up 700% for the year!
I didn't get in at 5 cents where it closed on 01/02/06. I bought my first shares on 02/27/06 at 10.9 cents, and then after it dropped 31% over the next ten days I added to my position at 7.5 cents. I dumped 2 thirds of it shortly thereafter at 45 cents and let the rest ride free ... and have been adding on the dips with the proceeds from my earlier sell. That's why I always preach "Buy when there's blood in the streets!" Back when I first bought, people were saying how they wouldn't touch this stock with a ten-foot pole!
People like to buy cars, TVs, clothes, etc. when they go on sale ... but avoid stocks like the plague when they go on sale ... go figure!
I don't have a problem with that kid (Lebed). In my opinion he's helping to get the NDOL story told. I don't see him lying about anything.
Who knows, but between 04/27/06 and 04/25/06 5.2 million shares were proposed to be sold on forms 144 and the share price back then was in the 60s ... 10 days later NDOL hit $1.50!
I like this quote from the NASDAQ website:
"All 144 filings are to announce the intention to sell shares.There is no form to announce the intention to buy shares."
http://holdings.nasdaq.com/asp/Help/Form144Ind.asp
Does FLCR have a website that gives specifics of their E.A.S.I. plan HRA? Their main website doesn't mention anything about it under "Services."
In their PR dated last November they mentioned that they had just developed the plan and had begun marketing it. Wouldn't you think if they were really "marketing" it that they would at least begin by mentioning it at their main website under "Services"? This bugs me!
And obviously if they had began "marketing" it last November, their marketing approach has been very unsuccessful ... at least based on their reported revenues since then. I apologize for this rant if they have another website that I'm not aware of, or if I missed mention of it on their home webpage.
Anyone else here have a clue to this mystery? I'm not bashing the stock as I own over 70,000 shares (yes, peanuts to some here) and would really like to see the share price go up. I guess you can say I'm bashing management. How can you sell something if no one knows you have something to sell (for crying out loud)! This is basic marketing 101!
I don't know about how the rest of you feel about this, but to me this screams "red flag." Like I said, forgive me for posting this rant if I'm missing something! And if I am, I would appreciate it if someone could fill me in ... to put my mind at ease. I posted this on RB as well.
http://biz.yahoo.com/pz/031110/47954.html
Good to see the "money flow" turn positive once again, though it just entered the positive territory. Almost forgot what the color green meant on this one!
Maybe we can hang on to some of today's gain? Whadya think? BTW, who's been buying the past couple of days ... anyone over here? It's not me, though I did pick some up last Wednesday @ 6 cents (I paid the ask when the bid was at 5.5).
All in all, moving up on no news means about as much to me as moving down on no news. I prefer to "see" what the support or resistance on a particular stock is all about ... and then come to my own conclusions. Even though there has been a lack of news on this one (good or bad) it's also nice to see the lack of fluff reporting ... which we can all do without.
Good luck to all.
Love that picture! Barney was a classic! Still holding FLCR long and strong ... never sold a share yet, but done accumulating for now (unless it retests its 12 month low). I'll wait and see what the next 12 months bring ... hopefully something positive! An up day every now and then would be nice though. I think one day they'll return ... but I'm not basing this on anything but my gut. Good luck to all the faithful still hanging around!
PS: What keeps me from throwing in the towel during this downdraft from 47 cents is the extremely low daily volume. There are millions of outstanding shares, yet only a relative handful trade each day to the lower price. Maybe the people holding the millions of shares that are "not" trading, know something more than I do regarding this company ... and maybe it's promissing. When or if I see "these" millions being dumped ... then I'll probably jump ship too ... but not before that happens.
Great post! Thanks.
I'm also keeping this tidbit in the back of my mind ... an excerpt from one of their latest PRs:
"While certain programs are taking longer to develop than we anticipated, others are developing rapidly and I continue to believe that our efforts will lead to profitability in the second half of 2004. I, along with the other members of FullCircle's management team, remain committed to achieving the Company's full potential," concluded Boutwell.
Unless or until proven wrong, I'm going to give 'ol Ike the benefit of the doubt on this forward guidance. It will be nice if he can pull it off!
Good luck to all.
Thanks for the reply Jim. Looking forward to any guidance or positive PR from FullCircle. In my opinion, the sooner we're delisted from the Berlin exchange the better ... the OTC is bad enough when it comes to unscrupulous MM activities!
Just my opinions.
Is FLCR listed on the Berlin or Frankfurt exchange? Another penny stock I own (IPYS) was, and their stock has gone downhill ever since. Last Thursday evening they demanded delisting from these exchanges, and on Friday the stock popped 25%.
Was this a coincidence, or did this have to do with naked shorting? After I read the article, I got to thinking about FLCR ... the stock has been dropping like a rock on no "real" or "new" negative news, when at the same time FLCR seems to be getting it's act together for a profitable second half. Just scratching my head here.
I'm still long and strong FLCR, and have been building up my position as the price has been dropping. I plan to hold at least through the end of this year to see if they can live up to their guidance.
And in full disclosure, I'm not pumping IPYS. In fact I have lost my rear in it since purchasing a few months ago at 99 cents. I also don't recommend anyone buying it at its current price.
Below is the link to the IPYS/Berlin Exchange article. Read it and see if you also see the similarities as I do.
http://biz.yahoo.com/pz/040628/59868.html
Hello all ... I'm here too! It's a shame the RB board went to heck in a handbasket, it use to be a good thing. I don't have a problem with posters offering a different point of view ... being negative on the company or the stock, but the vulgarities and childish remarks I could've done without!
I've heard about this site, but never checked it out before. Seems like a lot of good helpful links here for some serious DD. Just made it one of my "favorites."
Good luck to all here. Still long and strong FLCR! Now got to hop on the Metrolink and head to Busch Stadium for a little BB ... the weather doesn't look too promising though!