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.<font color=#006400>MONTHLY OIL PROD. TABLE UPDATE
Oil Production table updated to show Per-Well production data and estimated net revenue from Oil Production , updated through February 2008.
Again , please note the new section showing Avg Mnthly $$. In this time of rising oil and ng prices it is certainly worth noting the possible effects on TIV's revenues.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
geez, printing prices ....
.... nearly 50% below the high induced by Bena , or at least induced by people thinking she might be talking about Neomedia.
'The Bena Effect: Sounds great. Less Lasting.'
jonesie
trade2much, no I don't
When I first started looking into Yorkville f/k/a Cornell I did run across boards for some other similar financing companies , like Corey Ribotsky's N/I/R group. Some of the guys over here might know:
http://investorshub.advfn.com/boards/board.aspx?board_id=11792
Some of the other names I've heard are in the 'Others' category in the iBox , like Big Apple , Dutchess Private Equities , GOLDEN GATE INVESTORS , and Laurus Capital Management, LLC , but I don't know anything about them or the ones you list.
jonesie
Surprising Low-Rated Stocks the Leaders Love
(Another interesting mention)
Surprising Low-Rated Stocks the Leaders Love
By Rich Duprey June 24, 2008
Piggybacking on the picks of great investors and money managers can lead to big rewards -- especially when the stocks in question are beaten down. If Buffett finds opportunity in bonds, perhaps you should look there, too. Does Bill Miller think financial stocks are beaten down? Maybe investigating more closely will help improve your own results.
On Motley Fool CAPS, our top-rated All-Star players represent the best 20% of more than 110,000 professional and novice investors. I'm looking among them for those who've chosen one- and two-star stocks to outperform the market. Most CAPS investors might consider these stocks losers, but if our ace contrarians think otherwise, these picks might be worth a look.
Here are a few stocks that have gotten the nod from the cream of our CAPS investors:
Company CAPS Rating(out of 5) Est. Long-Term EPS Growth CAPS All-Star Player Rating
DTSI * 26% sps2112 99.39
CC * 10% kitsapbabe 98.95
TIV * NA synergize 97.78
PDO * NA Stockup2day 95.15
WGO * 20% AssetMangler 94.31
Wall Street's Buy List
(Another interesting mention)
http://www.fool.com/investing/general/2008/06/24/wall-streets-buy-list.aspx
Wall Street's Buy List
By Rich Smith June 24, 2008 Comments (1)
Actions speak louder than words, as the old saying goes. So why does the media focus so much attention on what Wall Street says about companies, instead of what it does with them?
Luckily for Wall Street watchers, the Internet brings us MSN Money's list of which companies the institutions are buying. True, we should be as skeptical of Wall Street's actions as we are of its words. But when the 110,000-plus lay and professional investors on Motley Fool CAPS agree with Wall Street's opinions, it just might be time for some buying.
Here's the latest edition of Wall Street's Buy List, alongside our investors' opinions of the companies involved:
Company Recent Price CAPS Rating (5 max):
U.S. Global Investors (Nasdaq: GROW) $18.10 *****
Clayton Williams Energy (Nasdaq: CWEI) $116.06 ***
Cardica $9.48 ***
Ivanhoe Energy (Nasdaq: IVAN) $3.65 ***
Tri-Valley Corp (AMEX: TIV) $9.15 *
Russell continues to crumble on economic data, crude
http://biz.yahoo.com/smallcapinvestor/080624/9557.html?.v=1
(Tri-Valley popping up in interesting places ... from Tuesday:)
Russell continues to crumble on economic data, crude
Tuesday June 24, 12:24 pm ET
Jennifer Schonberger
After opening sharply lower on the session to swoon to a two-month low, small-cap stocks are continuing to bleed midday after a lackluster consumer confidence reading clocked in sharply lower than expected, transportation heavyweight UPS (NYSE:UPS - News) slashed its earnings outlook and crude remained at heightened levels.
At 12:21 p.m. ET, the Russell 2000 (NYSEArca:IWM - News) was down 3.28, or 0.46%, at 716.53, up slightly from its lowest level touched since April 24. The Dow is up 12.21, or 0.1%, at 11,854.57.
The consumer confidence report, announced by the Conference Board this morning, tumbled to a fresh 16-year low of 50.4, substantially below the forecast of 56 and down from a revised 58.1 reading last month.
In other economic news, the Case-Shiller U.S. home price index came declined 15.3% year over year to minus 1.4%, the fastest paced decline since 2000. Today’s bleak number comes on the heels of a decline of 2.2% in March. Although the numbers are lackluster, they were slightly better than feared, sparking hope that the decline in the housing market is nearing a bottom.
The market also remained jittery as the Federal Reserve commenced its two-day FOMC meeting today. Traders are awaiting the Fed’s comments on inflation and the direction of rates, as food and oil prices have continued to soar and drag on the economy and the consumer. Fed funds futures have priced out any chance for a rate hike for the current meeting, and the market is expecting interest rate policy to move into a hold mode.
Small caps on the move include, Royale Energy, Inc. (NasdaqGM:ROYL - News), which is up 20% after the San Diego-based oil company reported on Monday afternoon that it applied for a permit to drill in eastern Utah. The firm said in a statement that the project will be a low risk to drill, “with a significant upside potential in terms of both long life production and total reserves of natural gas.”
Tri-Valley Corp. (AMEX:TIV - News) is off 18% mid-session after the petroleum, metal, and mineral properties exploration and development company said this morning that it made an alliance with Excalibur Well Services and sold all of its Great Valley Production Services production rigs and equipment to Excalibur as part of an advantageous arrangement. The sale price was not disclosed.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
TIV Added To Naked Short List Today per buyins.net
--------------------------------------------------------------------------------
M2
09:20 a.m. 06/26/2008
Jun 26, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: MBIA Inc. (MBI), PharMerica Corp. (PMC), Teekay Offshore Partners L.P. (TOO), VeraSun Energy Corp. (VSE), TriValley Corp (TIV), Capital Corp of the West (CCOW)
(excerpted):
TriValley Corp (TIV) through its subsidiaries, engages in the exploration, acquisition, and development of petroleum, metal, and mineral properties. The company's principal oil and gas properties include the Ekho property and Sunrise-Mayel Natural Gas project located in California. It also holds interests in the Temblor Valley West/South Belridge Field; and Temblor Valley East/Edison Oil Field, which consists of four separate leases in the Edison and Edison Grove Fields comprising 31 wells located in Kern County, California. In addition, the company has interest in the Pleasant Valley property located in Ventura County; and the Moffat Ranch and Chowchilla Ranch gas field in Madera County, California, as well as holds producing interests in gas fields in the Sacramento Valley of northern California, including the Rio Vista and Dutch Slough gas fields. Additionally, it operates precious metals properties in Alaska comprising the Richardson claim block consisting of 28,720 gross acres located in the north of Richardson Highway; and the Shorty Creek project with 11,080 gross acres in the Livengood District of Alaska. Further, the company holds industrial mineral project, which consists of the Admiral calcium carbonate mine located on the north-west side of Prince of Wales Island. It also involves in oil and gas drilling and development operations. Tri-Valley Corporation was founded in 1971 and is headquartered in Bakersfield, California.
With 25.45 million shares outstanding and 2.34 million shares declared short as of May 2008, there is a failure to deliver in shares of TIV. According to quarterly data provided by the SEC, there were still 15,015 shares of TIV that were failing-to-deliver as of September 14, 2007.
alright guys , c'mon :)
(and thanks alexyba for noting that this board is different in some ways, I'm not sure everyone fully appreciates being able to discuss pros and cons re: a company and its management , and see a wealth of data/analysis from time to time when new data/news presents itself , all while NOT having to wade through hundreds/thousands of posts containing useless drivel.)
I suggest that everyone , at least once , read the info at the bottom of the post at the following URL. Then anyone interested can determine for themselves if someone else's comments violate the TOU. Read the TOU , or read the excerpts from it in the second link provided below. It's all very clear.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30028661
One can follow the links to at least the Simplified Version , and there's no reason not to at least scan the Member Conduct area of the Detailed Version.
Or perhaps this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29998513
where I've excerpted some relevant parts of the Detailed Version.
That should answer any questions about what does or does not violate the IHUB TOU.
If one is uncertain and thinks a post should have been removed by a moderator but it wasn't , please use the Report TOS Violation button which will send the post straight to an impartial IHUB Admin for review and deletion if warranted.
If one's own post gets removed , use the http://investorshub.advfn.com/boards/MyRemovedPosts.asp feature and request a review and possible reinstatement.
If anyone would like to discuss with me and you have PM capability , send me a PM. If not , I believe my email address is fairly common knowledge.
More discussion and debate with supporting facts if possible , less 'complaining' about someone else's posts simply because they differ with one's own like or dislike of a company executive's actions.
Thanks very much to all for continuing to keep this as unique and informational an environment as possible.
jonesie
Thanks for sharing Howard.
I don't know what you think about that , but I think it supports my thesis that the 1500 boepd on May 13 was a temporary max which was achieved by opening up and producing , albeit temporarily , wells which had been on steam cycle.
Even at that it's certainly not a 'bad' thing , because as far as I know TIV has never before had that sort of oil production 'capability' in any fashion. I suppose it is very much within the realm of possibility for TIV to , with enough wells on alternating steam/production cycles , (and/or possibly with enough wells utilizing a more constantly-producing SAGD system at some point in time) achieve an average daily production of that magnitude over the course of a month. It will just take more time to get 'all that' going.
Then it would simply become a matter of economics/recovery costs ... along with the price they can get for this heavier oil from Conoco ... as to when TIV might become profitable.
JMO
jonesie
Thanks lefty for that information
I thought you had looked into that , I just couldn't remember the outcome.
So we won't see actual Moffat production (unless TIV changes the status) other than as guesswork amongst total revenues ... same for PV wells. Hey, if revenues start screaming upwards 10-Q to 10-Q, that will be fine by everybody lol.
So, are we in the midst of a 'seachange' for TIV?
Or has TIV learned from past perhaps overexuberant Press Releases which were finally known to be , well, overexuberant lol, when the actual numbers finally came out ... thus best to keep the numbers from coming out? (The kinds of things which come to mind are implications of cookie-cutter Temblor wells producing large quantities like the test wells were initially said to be doing, a Martin-Severins(?) gas well which was shown to be a complete bust after initial PRs, billions of BBLs-of-oil-equivalent of calcium carbonate at Monarch which were sold for a paltry few million dollars ... etc.)
Hopefully the 'seachange' is at hand.
Time will tell.
I think your guesswork as to possible price action in the short term is valid.
JMO
jonesie, out for a while
WELLS DETAIL FOR FEB 08 PRODUCTION (EDITED)
-- Every Temblor well was down in production vs Jan 08
-- The overall increase in Feb oil production vs Jan oil production was due to 2 of the Edison Shields-Arms wells being put back online after being offline for 4 months , with their production being similar to their average 2007 production.
-- All gas wells were down in production month over month except Hanson #3 which was up significantly and Hanson #1 which was the same as Jan.
Per TIV's March 20, 2008 PR "Based on the test production of the Pleasant Valley No. 1 well" it does not appear there was any PV production for February so TIV's oil production figures reported to DOGGR for Feb 08 should be comprehensive.
Similarly , per TIV's March 14,2008 PR "hooked up its newly drilled Moffat Ranch East 48X-7 natural gas well and will begin continuous gas sales Monday" we can conclude that TIV's gas production figures reported to DOGGR for Feb 08 are comprehensive as well.
We already did some guesswork on what PV and Moffat March production might have been by making some calculations based on revenue numbers in the 1Q08 10-Q report and based on TIV's comments about early PV test results and Moffat's run rate.
I suppose we might not know any more about sustained new PV and Moffat production until the 2Q08 10-Q is filed (which should be out around mid-August?) unless the Moffat Ranch East 48X-7 wasn't put on confidential status. I can't remember whether it was or wasn't.
(EDITED TO ADD:) Based on the monthly closing prices of Light Crude Oil per http://www.tfc-charts.w2d.com/chart/CO/M TIV's average monthly oil production revenues (net of estimated OPUS/recovery costs) through February were $43,210 , up 25.5% over their 2007 estimated average oil production revenues.
My tables showing the well details for Feb 08 should be available/posted later today or tomorrow.
JMO and with various calculations based on available but incomplete information.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
MONTHLY PRODUCTION REPORT | FEB 08
Feb oil production up approx. 20% vs Jan 08 production level, roughly equivalent to Oct 07 production
Feb gas production down 34% vs Jan 08 production
OIL
Feb Oil: 2234 bbls
Jan Oil: 1854 bbls
Dec Oil: 1877 bbls
Nov Oil: 2518 bbls
Oct Oil: 2237 bbls
Sep Oil: 2746 bbls
Aug Oil: 2693 bbls
Jul Oil: 2150 bbls
Jun Oil: 2129 bbls
May Oil: 2258 bbls
Apr Oil: 1839 bbls
Mar Oil: 1932 bbls
Feb Oil: 1429 bbls
Jan Oil: 2974 bbls
Dec Oil: 1990 bbls
Nov Oil: 2134 bbls
Oct Oil: 2311 bbls
Sep Oil: 1484 bbls
GAS
Feb Gas: 7503 mcf
Jan Gas: 11,298 mcf
Dec Gas: 8852 mcf
Nov Gas: 5989 mcf
Oct Gas: 8519 mcf
Sep Gas: 8956 mcf
Aug Gas: 8374 mcf
Jul Gas: 8036 mcf
Jun Gas: 5963 mcf
May Gas: 8572 mcf
Apr Gas: 8548 mcf
Mar Gas: 8956 mcf
Feb Gas: 8963 mcf
Jan Gas: 8688 mcf
Dec Gas: 8569 mcf
Nov Gas: 6445 mcf
Oct Gas: 13,223 mcf
Sep Gas: 12,403 mcf
http://opi.consrv.ca.gov/opi/opi.dll/Search?UsrP_ID=100090301&FormStack=Main%2COperator&Opr__ID=100000315&Action=Get+Sums+&PriorState=Encoded%3DTrue
I'll look at the breakdown by well later on and get the Board Info (iBox) section updated accordingly.
jonesie
"but unless the news releases are outright lies"
Let me interject that I don't hear anybody saying that.
However we have parsed these PRs at great length , a practice which has nearly always in the past proven to be at least worth the time required.
It certainly sounds like TIV is producing more oil today than they ever have in the past ... at the very least in short-term production bursts , and possibly for increasingly longer periods over time ... which certainly provides for a greater hope for profitability at some point in the not-too-distant future.
But if you include all of the comments TIV makes in these same PRs you quote from , such as:
"are still in testing phases and their initial production rates vary"
Hmm. Doesn't sound like every day to me. JMO
"has already attained that capability"
Capability? Or is producing at that level? If producing .... producing at that level every day , or for short periods between steaming cycles?
"Production from 39 active wells reached 1,015 BOED on May 8, 2008"
Was that 1015 BOEPD on May 8 when a lot of steamed wells were produced at maximum , but possibly very temporary , output?
Or were they producing 1015 BOEPD every day , between May 8 and May 13 when they PR'd a higher rate?
"having already attained a production rate in excess of
1,500 barrel of oil equivalent per day (BOED) on May 13"
How much of that 1500 BOEPD "on May 13" came after turning on several steamed wells at the same time for a short duration at the height of their "vary"ing production and possibly extrapolating an "initial" rate out to 24 hours .... and how much was sustainable production?
It's Tri-Valley's own language which leaves these questions open for discussion and speculation ... at least for the moment.
In any event , revenues should be up vs late 2007 and vs 1Q08. As you say , this could well represent a 'sea change' for Tri-Valley.
The above is my own objective analysis and opinion , devoid of emotion. Not trying to change anyone's mind(s) , simply providing my take on things.
jonesie
Well, absolutely.
JJ must be supremely confident to throw another $241 into the pot! ;)
Or .... it's just so much easier to put up 2.5MM shares for sale than that odd number he held before.
Or .... at $1 per share he'd like an even $2.5MM.
Plus his past 'insider buying' has proven quite the herald for stock price movement! (oops, look out below)
2006-10-12
Purchase 2006-10-12
4:30 pm NEOMEDIA TECHNOLOGIES INC NEOM KEIL JAMES J
(Director) 100,000 $0.078 $7,800 2,442,619
JMO and JHSF (just having some fun lol, we deserve it every now and then!)
jonesie
Interesting, JJ's buy
He spent $241 to buy 57,381 shares and round his total holdings up from 2,442,619 to 2,500,000 shares.
Hey, don't get me wrong, buying is better than selling, but ... what the heck does that mean? lol
I was just about to ask if I was seeing that right ...
... last trade printed at .0042 , although bid/ask and many previous trades were in the low .003's.
Late print? lol, I'll take it.
'The Bena Effect: Sounds great. Less Lasting.'
jonesie
Thanks for the info.
And in the past , although we saw relatively large volume on Recon. Day itself (one year IN, one year OUT) , we didn't actually see a huge change in PPS on the day itself. A buck or so both ways as I recall.
You timed your long-side sell perfectly yesterday LOL
And I believe you mentioned the possibility of that gap filling as well.
I wonder if this was simply going to be 'gap fill' day regardless , or did that PR precipitate it? There wasn't really anything bad in that PR , at least not IMO , unless one characterized it as one more 'project' which had been seriously touted as being a money-maker for TIV falling by the wayside.
jonesie
"allow for at least enough temporary consolidation to fill that gap"
About half of that initial 'gap up' has now filled.
Scratch that ... it all filled.
Amazing how that works!
jonesie
"In 2005 TIV's PPS-climb 'relaxed' just a bit for a couple of days right in this same relative time-frame ..... before beginning a 4-day climb into Russell Reconstitution Day."
And back then it fell back about a buck from the initial highs , then started back up.
TIV has now fallen substantially over a buck from the recent high.
It amazed me to see all the buying ahead of the Russell Recon. Day. I suppose some of the loosely-indexed funds could have been buying in ahead of time , but why push it up so far if there's nothing forcing it ... like it will be a 'forced' buy-in on Recon. Day itself? Kind of begs the question: who was really buying it up all the way to $9.7x?
Since TIV has always fallen back after the Russell buy-in, seems like that event has typically been more of a selling opportunity than a buying opportunity.
Perhaps this year will be different. I guess we'll see!
JMO
jonesie
You make a reasonable point JP ....
.... probably nobody making bucks in this area at the moment, at least not on U.S. operations.
The past is the past (except as a possible warning about what people/companies/entities 'might' do per a past abysmal track record) .... but as far as cutting past management a break based on what other companies are or are not doing .... it was purely the management of Neomedia who told us 'profitable' or 'cash flow positive' or 'breakeven' by 3Q08 or whatever that was they told us in a CC not all that long ago. CH or GO said it , and they were both sitting there when it was said , and both must have known it was a bald-faced lie when it was being said.
JMO
jonesie
I wouldn't be surprised either.
You're right , it will tell the tale , at this rate we'll have to wait until mid-August to get a 10-Q before we know anything concrete about what is really happening in 2Q08.
Apparently TIV is still not reporting anything to DOGGR on any wells at all , including Moffat , Temblor , Edison , etc.
I suppose selling the rigs is a good idea. If the current projects are working out well for Tri-Valley it's probably a good idea to focus on as few projects as possible.
Plus , they could probably use the cash in lieu of doing another private placement of shares.
I wonder how much money they got for the rigs? Since they had been refurbished/upgraded to state-of-the-art 'better than new' condition it might have been a profitable venture depending on how much money they put into them. Kind of like the Monarch mining sale , that seemed to be very profitable.
jonesie
Thanks gumshoe.
How about that.
jonesie
Hi LaoWai ....
.... does Hi LaoWai rhyme? Just trying to pronounce your name right ;)
I suppose it depends on how one parses the news release to see what it implies , and what it states as definite fact. We went over that a few days ago when that PR came out.
"Tri-Valley Receives Approval from ConocoPhillips for 2,000 Barrels Per Day
Tri-Valley Corporation (AMEX:TIV) has received approval from ConocoPhillips Crude Oil Trading to increase shipments for refining to at least 2,000 barrels of oil per day from its Pleasant Valley development project in the Oxnard, California Oilfield. Accordingly, Tri-Valley is moving rapidly to effect the permits and processing facilities to accommodate that volume."
So , as of 6/12 , they weren't actually at that volume but were "moving rapidly" to get there.
re: "at least 2,000" , when I first read that it seemed a little confusing. Did that mean Conoco was capping how much tar sands output they would accept from TIV since Conoco might limit their tar sands refining capability in lieu of more easily processed hydrocarbons? Did it mean TIV has to increase production to "at least" that volume before Conoco will deal with it at all? The use of "at least" in that statement makes it a little ambiguous IMO , but then I've only had two cups of coffee so far lol , help me out here.
"The 2,000 BOED target was driven by the goal of returning Tri-Valley to profitable operations"
That certainly implies that 2,000 BOED is the production required from PV which , when added to production from other properties , gets TIV past breakeven into profitability , so it's a helpful number to have.
""we expect to begin actual delivery of the production goal as soon as permits and production facilities are complete" said Joseph R. Kandle"
So again , as of 6/12 TIV said they weren't yet at that production level , but were still working on permitting and infrastructure to get there.
"the production rates of those individual wells are not publicly reported while they are being tested."
"being tested". Not sure that means producing 2000 BOED every day. It could be max production in limited "test" bursts.
"With oil prices three times what they were when we acquired these under exploited properties"
That brings up an interesting question , that of what price does TIV actually get for this 'heavy oil'? Even though it is probably not the oil price we see streaming across the tickers every day , it should be proportionately higher than the price heavy oil or tar sands output sold for a year ago. One might also expand that question to ask what are the associated recovery costs , as we know it costs more per bbl to steam/pump/add-diluent than to just pump. However , if the 2000 BOED = breaking into profitable territory , then I suppose we don't have to know those exact numbers and could just assume TIV has already done the math and the statement is accurate.
"We are in the right place, at the right time with the right commodity"
That's gotta be true. If they can produce enough of it profitably this could be a great year for TIV.
All in all LaoWai , I think it remains to be seen whether TIV "is" at that number "daily" , or still moving rapidly towards it. Certainly TIV seems to have more achievable potential today than they did a few years ago.
JMO and while others might not try and 'read between the lines' quite as much , I've found that based on past years of "Press Released numbers vs Ultimate Actual numbers" disparities , it's generally wise to read the PRs with careful attention to wording , as I'm sure the company puts a lot of thought into exactly how they word PRs.
Welcome aboard!
jonesie
Congrats on your trade ....
.... and I hear what you're saying.
In 2005 there was a bit more run-up leading in Recon. Day and a bit of a spike on the day itself ... although regular 'retail' traders might not have been able to play in that. Beyond that , for a few days afterwards TIV traded within .30 of the peak price.
So while you might miss a little more 'up' it certainly never hurts to book profits.
Only time will tell on whether or not TIV actually pumps enough oil/gas to be profitable.
RE: TC selling at $6 and apparently all the way down to $5 , he really did a tank job lol. He might have unloaded some or all recently if he wanted to. The volume would have made it easy enough.
JMO
jonesie
Current price action similar to 2005
In 2005 TIV's PPS-climb 'relaxed' just a bit for a couple of days right in this same relative time-frame ..... before beginning a 4-day climb into Russell Reconstitution Day.
Of course back then we had only seen a ~10% increase in price 4 days before Recon. Day .... not the 50% we've seen in 2008.
It will be interesting to see how the next few days go!
jonesie
Maybe. Wasn't Chip at that show?
Wouldn't he qualify as a 'they' in 'They were focused and calm and said, we are a start-up in mobile barcodes'?
Okay, 'nuff , minor point lol
Point was , are we still 'starting up'? Or winding down?
Rhetorical questions both , but from the outside looking in it appears Iain negotiated a nice salary and potential sales comm. for himself in return for letting his name be possibly besmirched by its association with Neomedia.
Chip's resume sure has taken a downhill slide in recent years , gone are the success stories , the recognized names like Sprint and mBlox ; Most Recent Gig: CEO of an OTCBB Shareholder Rip-Off Machine , accomplished -0- success for the company , made good bucks for CH .... right after the home-based consulting business gig.
I guess for the right price these guys don't mind taking that kind of reputation hit. In fact, Chip's theory on a guy making out like that in otcbb-land is "Good for him".
Iain's legacy may well be a great locker room story like 'banker hired me , got the banker his money, walked away with a cool $mill$, did it all from across the pond where a shareholder couldn't even fuss at me face to face, and all the while making them pay me in pounds sterling' LOL.
JMO
jonesie
ITRP : Got more money from Yorkville
8-K out last Friday
http://www.sec.gov/Archives/edgar/data/1083742/000108374208000032/f20080619ya8k.htm
Also reduced the prices of previous warrants issued to Yorkville , looks like to half a penny each?
jonesie
Now I know what I was thinking about ....
.... COO , not CFO. Dr. Steinborn is no longer COO of Neomedia , just of Gavitec.
So we have a CEO who may or may not be stateside (did Bena say where Iain was when they talked on the phone?) , a CFO who has filled in after David Dodge in the past and now is filling in after Frank Pazera , no COO , .... we have very little information on the current number of employees and no information at all regarding that show-piece high-horsepower 'Technical Advisory' Committee which CH assembled but which may well have fallen by the wayside before or after CH's departure.
Oh , and we have a two-man BOD again with Iain McCready and JJ Keil being the only listed members. George O'Leary is no longer on our board? No 8-K on that or did I miss it?
JMO
jonesie
That 30,000 shares on the Ask at $9.50 ....
.... starting around 9:39ET put a damper on things for the moment.
jonesie
p.s. rsrust , geo is surfing in Mexico for 2 weeks with somewhat limited internet capability as I recall. Hopefully enough to know that TIV is up 50% though! :) I think he has been gone about a week now.
Interesting vines, thanks.
Yep , it's a 'huge' space relative to the number of people I have ever seen around. CH talked about sub-letting some of the space 6 months ago , I guess that was never done.
Was Terry around?
"Not a lot of people" , hmmm. Did it appear that Neomedia has been hiring at breakneck speed , or had been on any kind of hiring spree this year?
Or did it appear more like they had a lot of 'Help Wanted' ads out there but for some reason weren't , and aren't , filling the positions?
TIA
jonesie
From Bena's blog:
4/1/08
"I overheard a conversation at Showstoppers last night and the same questions were thrown at NeoMedia that even I asked about eight months ago. I felt like shouting at the guy and saying move on! I didn’t and nor did the Neom people at the show. They were focused and calm and said, we are a start-up in mobile barcodes vying to get a lead in the market."
http://www.gomonews.com/ctia-showstoppers-neomedia-is-a-start-up/
jonesie
lol , I assumed the Ramen-guys were eating them at home
So you went by? Your sales meeting in Atlanta would have been after CH's and FP's departure? Who was there?
jonesie
DAILY CHART
This certainly worked out well this time around , after the buy signal at the close on 5/9 precipitated the buy on 5/12.
I appreciate that vines.
My own lack of certainty re: CFO was why I added the (?) after my comment.
Since NEOM is a 'start-up' now (I wonder if they still are , starting up that is , the guy who said that is no longer with NeoMedia as CEO. Many things were said by ex-employees/execs , and all of those things seem to have fallen by the wayside and nobody is accountable for the statements) perhaps they could eat Ramen noodles for a while , stop paying themselves so well , and make something positive happen.
That won't make the $80,000,000 go away , certainly not the portion owed to YAGI , but who knows , it couldn't hurt lol.
JMO
jonesie
I do know that vines.
I was actually the person who pointed out that Scott was signing off on an SEC filing while we thought FP was still there.
But didn't I see someone say that NEOM was going to try and 'wing it' without a CFO?
Perhaps I'm confused with another company lol , if so , sorry.
The rest of my post to clawmann stands I suppose.
jonesie
"Nokia owns shares already through Blue Run Ventures"
Do they still? How would anyone know? I don't think they show up in filings as a major holder any more (could be wrong, anyone feel free to correct me if you see them listed somewhere) so for all we know they finished selling a long time ago.
JMO
jonesie
How about that , clawmann
They ate ramen noodles for a couple years , don't owe anybody $80,000,000 , and are on deck with Verizon and are soon to be with other carriers.
Meanwhile we've got 10,000+ sq.ft. of office space in a premier Atlanta location , our CEO is in Scotland and we don't have a CFO(?) , and we've paid everybody who came anywhere near NEOM (except shareholders) hundreds and hundreds of thousands of dollars for ... no visible success at all.
jonesie
SHORT INTEREST CHANGE VS PPS CHANGE
Over the last seven reporting periods combined (through Trade Date 6/10/08) , short interest was up 78,253 shares for a 3.26% increase; and PPS was down $0.56 for a 8.6% decrease.
I think it will be very interesting to see the next short interest report.
We'll see it on 7/10 , it will be through trade date 6/25 , and it will cover a time period period when TIV has seen a 50% increase in share price.
jonesie
Interesting.
They showed up as Form T trades in two different places , which usually refers to After Hours trades.
Could be just as you say.
In any event , 30MM+ shares.
jonesie
Buy volume/sell volume had been heavier ....
.... on the Buy side most of the day (cumulatively) until the end , at which time they balanced out very closely. Including those after hours trades. THOSE were big.
http://ih.advfn.com/p.php?pid=trades&cb=1213993521&symbol=NB%5ENEOM
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"