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Sounds like b.s. pinkyspeak to me
Volume is relatively HUGE lately. Somebody selling relatively big , and somebody buying them. I hope the buyer(s?) might know more about a pending upward run than the seller(s?) might know about a pending BK lol.
I can't find an address on the company's website.
Where ARE these guys?
Has anyone ever seen a Superwire-generated advertisement on any television set anywhere?
Is Superwire just two or three guys with a website developer all 'working' from home and hanging on to their 'public company' status just so they can print and sell shares to pay the rent?
Anybody know for sure?
good luck to all!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
And I'd be perfectly happy to do so ....
.... although I doubt seriously it will be necessary or even productive. That's why I don't do it often here.
All that chart says is "Hi there , I look exactly like I looked the last time I bumped my head on an ever-lowering ceiling and fell down another level."
Good night.
jonesie
We said/heard the same things ....
.... when Chip Hoffman came on board. And before him , George O'Leary.
So now there's a new carrot out there ... to keep "us" interested lol.
They keep dangling carrots which seem like incentives to the employees ... but they get us all excited because of the target option prices, warrant prices, all that 'stuff'.
George O'Leary's:
Daily remuneration of $1,000 per day
we have agreed to issue to SKS 100,000 share purchase warrants per month exercisable into common shares of at $0.03 per warrant.
SKS can earn warrants to purchase up to an additional 500,000 of our common shares at an exercise price $0.06 per common share if the following milestones are achieved by our company:
Successful organizational restructuring by 2/28/07 100,000 warrants
Successful additional short-term financing by 3/31/07 100,000 warrants
Company at monthly breakeven by 12/31/07 200,000 warrants
Stock price at $0.12/share for a consecutive 30 day period 100,000 warrants
Total 500,000 warrants
(Had us dreaming of 12 cents a share and breakeven didn't it lol)
Chip Hoffman's:
The Company shall pay the Executive a base salary of $250,000 per year
The Executive shall be eligible to receive a quarterly incentive bonus with a target of $150,000 and a maximum of up to $250,000 each calendar year .... Executive shall be guaranteed payment of $12,000 of the Bonus for the remainder of 2007 for each full calendar month (not to exceed six (6) calendar months) that the Executive is employed by the Company (the “Guaranteed Bonus Payment”).
The Executive shall be granted on the Effective Date, an option to purchase 20,000,000 shares of the Company’s Common Stock (the “Initial Option”).
.... the Executive shall be granted an option to purchase 5,000,000 shares per year (subject to appropriate capitalization adjustments) of the Company’s Common Stock (the “Performance Option”).
(Why, Chip was accepting a mere pittance of salary/bonus compensation , what he REALLY wanted were those soon-to-be fantastically valuable 20,000,000 options! Right? Right? LOL)
And now Iain:
Hundreds of thousands of 'pounds sterling' for salary and bonuses if 'mystery objectives' are met , kind of like the 'objectives' Chip 'met' to get his bonus after presiding over yet another decimation of share price.
sales bonus equal to the product of 0.025 and the total amount of cash and fair market value (on the date of payment) of all property paid or payable (including amounts paid in escrow) to the Company in connection with a Sale Transaction (as defined in the Employment Agreement) (the "Sale Proceeds") so long as certain conditions are met as set forth in the Employment Agreement; provided, however, that in calculating such sales bonus, such Sale Proceeds shall be deemed not to exceed Two Hundred Million Dollars ($200,000,000)
Wow. So if Iain 'sells' the company for the max , he would get $5MM. That gets us talking about a sale of the company for $200MM , doesn't it. LOL. That's what they want us talking about , just like they wanted us talking about G.O.'s warrant prices and dreaming of how fast he would get us there , or dreaming about how happy we'd be if Chip became a multi-millionaire with his 20,000,000 shares.
This is just great:
A “Sale Transaction” shall be deemed to have occurred upon the occurrence of any one or more of the following events: (1) any “person” or “group” (as such terms are used in connection with Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) but excluding the Executive or any employee benefit plan of the Company (A) is or becomes the “beneficial owner” (as defined in Rule l3d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company’s outstanding securities then entitled to vote for the election of directors;
Hello. We're one reverse split away from Yorkville being able to say 'hi there, we are now the beneficial owner of 50%+ shares , pay Iain. We already went through how YAGI 'could' own 90%+ of the company if only there were enough shares authorized. R/S , AS static. Done.
there shall be consummated (A) any consolidation, merger or recapitalization of the Company or any similar transaction involving the Company, where the Company is not the continuing or surviving corporation, or (B) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all of the assets of the Company; provided that a transaction solely for the purpose of reincorporating the Company in another jurisdiction, shall not constitute a Sale Transaction. For purposes of Section 3(c)(i)(2)(B) the receipt of aggregate Sale Proceeds with respect to the sale of the components of the Company’s business (in one transaction or a series of related transactions) of more than $45,000,000 shall be deemed to constitute a sale of substantially all of the assets of the Company.
So , yeah , that's all YAGI wants, their money. Iain, help figure out a way to make that happen from Scotland and you get $1.125MM bucks as a commission.
Like I am fond of saying , all you need are the right lawyers , the right accountants , and the right mindset.
If Pazera was here to try and figure a way not to BK NEOM , and right in his contract it said 'no guarantees that Tatum and I will be able to keep NEOM out of BK' ... what does Pazera leaving tell us? That he spent the last 7 months getting all the filings filled out to wipe us out then split? Or just that he couldn't find a way out so he gave up. With nice parting gifts. Either one is a viable scenario.
What a joke this has been , and it gets more ridiculous with each filing / hiring / 'firing' / payoff / 'loan'.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Not sure this one qualifies as a 'scam' yet ...
... but NEOM involves: (and see graphic at the end of this)
-- quite a network of players involved with 2 or more out of 10 companies
-- Tobin Smith got things going with an outgoing tout in his MicroCap newsletter , ran the stock from .06 to .75 , apparently pumped his non-paying readers to keep buying while telling the paying subs to sell , NEOM now at 0.003 per share with a billion shares outstanding, 5 billion authorized, and at the current PPS Yorkville has toxic-financing 'rights' to convert into numbers approaching 100 billion shares
-- Two more CEO's for NEOM in less than a year since Chas Fritz was Chairman BOD and Interim CEO; Chas left entirely recently , along with almost 100% of the original execs and BOD members.
-- I noted Yorkville/Cornell connections (100%) and the heavy percentage of involvement with Yorkville's 'turn around expert' George O'Leary
-- Many of the involved people ending up on the payroll of Thornhill Capital (Al Refkin's outfit)
-- And much much more
JMO -jonesie
High Volume
In fact , today's volume is the highest one day volume we've seen since events such as:
T. Cunningham dumping 1/3 of his options (after exercising them) on the open market earlier this year
The Big Buyout Rumor floated in December 2006
The Russell Index Funds selling out to covering shorts when TIV was deleted from R2K/R3K in mid-2006
The Famous Failed Eyeman Russell Short Squeeze To Da Moon Pump in May 2006 (well, it didn't fail for him)
Some really big volume days in Oct/Nov 2005 , anybody remember what that was about?
The Russell Index buy-in mid-2005
Hmm, I think I found what caused the Oct/Nov '05 excitement ... there was a lot of volume before (LOL) and after this PR:
Release date: November 8, 2005
Tri-Valley Restores Gas Well Production
BAKERSFIELD, Calif., Nov. 8 / -- Tri-Valley Corporation (AMEX:TIV) has recompleted its Martins-Severin No. 3 natural gas well in the Sacramento River Delta with an initial flow rate of more than 1 million cubic feet per day from the Nortonville formation. The well will be choked back to begin production at a rate of about 250 thousand cubic feet per day and gradually increased to an optimum rate to avoid sanding up the well bore.
FWIW
jonesie
What Will Propel TIV's PPS Upwards?
Although in the past there have been many periods of perhaps "overexuberant expectations" propelling TIV's PPS upwards , those days seem to be over. Even in the face of sequential PRs appearing to imply sustained production at rapidly increasing rates , the share price has been relatively stagnant.
One possible reason for this is that the market truly is waiting to see verified and sustained production rates and/or verified and sustained revenues and/or at some point in time a positive EPS.
Those sorts of verified numbers really do make a difference in the PPS fortunes of an oil and gas company at this 'stage of their game'.
The following sequence illustrates exactly that by showing the PRs vs PPS vs SEC-Filed Earnings Statements of another O&G company , Pyramid Oil (AMEX:PDO) , who as it happens operates out of Bakersfield, CA.
(Note the lack of hyperbole within the PRs. Just the bare facts without any unnecessary and at times 'Safe Harbor'-protected verbiage. Oh , and all PPS's are split adjusted due to the recent stock split. Exciting share price appreciation .... again , if TIV has the goods .....)
2/20/08 (PPS = $3.31)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=24855513&symbol=A%5EPDO
"Pyramid Oil Company Announces Results From a New Well
BAKERSFIELD, Calif., Feb. 20 /PRNewswire-FirstCall/ -- PYRAMID OIL COMPANY (AMEX:PDO) announces results from its joint venture operations in Texas. In December 2007, the Company participated with a joint venture group in the drilling of a directional 1,100 foot lateral hole that encountered excellent gas shows in sections of a fractured carbonate zone, at a depth below 12,000 feet. In mid-January, the well was hydraulically fractured with the injection of 9,700 barrels of gelled fluid carrying 500,000 pounds of proppant. Post frac testing indicated natural gas rates of over 4,000,000 cubic feet a day and approximately 40 barrels a day of condensate. The gas tested at over 1,200 Btu per cubic foot and the bottom hole pressures observed were in excess of 8,000 psi during testing. Currently the well is shut in waiting for the installation of a 3.8 mile gas sales pipeline. Participants in the joint venture expect gas sales to begin sometime in mid-2008. The joint venture group currently holds oil and gas leases on approximately 5,700 contiguous acres surrounding this well. The Company expects additional joint venture drilling operations on this acreage to begin shortly after completion of the gas sales pipeline. Pyramid Oil Company owns a gross 12.5% working interest (before payout) in this joint venture prospect."
(Boom. Sweet and simple. Includes actual working interest %.)
3/26/08 (PPS = $3.16)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=25674694&symbol=A%5EPDO
"Pyramid Oil Company Provides Update on New Carneros Creek Well
BAKERSFIELD, CA today announced it has completed drilling operations on its new well in the Carneros Creek field, located in Kern County, California. After reaching a depth of 3,300 feet, logging operations were conducted on the well, and production casing was run. Pyramid expects to begin additional completion operations on the well within the coming week, and intends to announce production results in the near future."
(Yes, that really was it, the entire PR. No listing of everything they ever did or ever thought about doing or were planning to do .... simply what investors really need to know)
3/31/08 (PPS = $3.27)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=25676261&symbol=A%5EPDO
"Pyramid Oil Company Announces Fourth Quarter and Full-Year Financial Results
BAKERSFIELD, CA today announced financial results for its fourth quarter and full fiscal year ended December 31, 2007.
Fourth quarter revenue increased 61% to $1,399,276 versus $868,514 in the fourth quarter of fiscal 2006. Operating income was $593,792 versus a loss from operations of $240,154 in the same quarter a year ago. Net income was $427,371, or $0.11 per diluted share, versus a net loss of $33,313, or $0.01 per diluted share, in the comparable year-ago quarter. The Company's improved fourth quarter financial performance is primarily attributable to a sharp increase in revenue from oil and gas sales."
(Okay, that one was longer and I only posted the first part, no need to post all of it, it was just actual reporting of actual numbers .... for an entire quarter and an entire year .... and I think they went profitable, or perhaps they already had in the previous quarter.)
5/15/08 (PPS = $14.84)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=26347243&symbol=A%5EPDO
Pyramid Oil Company Announces Strong Revenue and Earnings Growth in First Fiscal Quarter
BAKERSFIELD, CA today announced financial results for its first fiscal quarter ended March 31, 2008.
Revenue increased 92% to $1,589,896 versus $826,180 in last year's first quarter. Approximately 81% of the increase was due to higher oil and gas prices, which were up by $38.50 per equivalent barrel of oil versus the first quarter last year. Approximately 12% of the increase was due to higher production and sales levels. Pyramid's first quarter net revenue share of crude oil production increased by approximately 1,800 barrels compared with the first quarter last year.
Operating income increased to $739,698 versus $44,379 in the first quarter a year ago. Net income rose to $834,271, or $0.22 per diluted share, from $57,929, or $0.02 per diluted share, in the comparable year-ago quarter.
(Another longer one but it's not just a PR, it's a recap of an entire quarter and contains lots of actual numbers and sparse hyperbole.)
6/9/08 (PPS = $18.60)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638168&article=26763162&symbol=A%5EPDO
"Pyramid Oil Company Announces 5-for-4 Stock Split
BAKERSFIELD, CA , today announced that its board of directors has approved a 5-for-4 split of the Company's common stock. Shareholders of record as of the close of business on the record date of June 24, 2008, will receive one additional share of common stock for each four shares held. The effective date of the split will be July 1, 2008, and the additional shares will be mailed or delivered on or about July 3, 2008, by the Company's transfer agent, Computershare Investor Services. Fractional shares will be rounded up. The stock split will increase the number of common shares outstanding from approximately 3,741,720 shares to approximately 4,677,150 shares.
John Alexander, president and CEO, said, "We have achieved strong improvements in our financial and operational performance, and are encouraged by the increased level of interest Pyramid has generated within the investment community. We believe this stock split will allow us to increase the size of our public float and make our shares more accessible to a broader base of prospective shareholders.""
(Boom. Short and sweet again. That was the entire PR.)
6/13/08 (PPS = $19.61 with a bullet)
(One other note: PDO as of 5/27/08 had 206,000 shares short on an outstanding of about 3.74MM -- about 14.9% of the float. That short interest was much lower in March and April. TIV has a short interest which only represents 9.9% of the float , but still .....)
JMO and FWIW
jonesie
I guess Ed being on the BOD isn't ....
.... what the market was hoping to hear lol
"He has been with Superwire, Inc. for almost 10 years,(wow, that's been a downhill slide) having responsibility for internal and external communications of the company, (external certainly has been sparse) interfacing with Wall St. analysts, investors and media representatives (Any analysts covering SUPI? There don't seem to be any investors to speak of either. Wow, the media is all over this baby!). He has also been involved in the company's marketing, financing (Financing? I guess that's where them dumping shares on the open market to 'finance' their mortgages etc comes in lol) and strategic planning efforts (You mean they planned this mess??!! lol)."
DAILY CHART
Aroons playing nice, Wm%R playing nice .... ADX +DI/-DI NOW playing nice.
RSI peeking over 50 for the first time since March , and before that February. Both of those times we bumped up against what was then a strong resistance level at .01-.011 ... and bounced off downwards.
Current expected resistance level = 0.0039
JMO -- jonesie
Steady Accumulation Prior to 'Random Walk' Upwards?
The graphic below doesn't impart any significant additional uptrend/downtrend information , however it does include the output of an indicator which I failed to mention in the two previous charts but I think is worth mentioning again -- the Accumulation / Distribution indicator.
Starting in mid-summer 2006 the Acc/Dis indicator shows TIV shares undergoing accumulation , initially at an increasing rate of speed (until about December 2006) and thereafter at an easily recognizable steady rate with Acc/Dis essentially flat-lining in the upper portion of the indicator's range.
Often in stocks which kick into 'Random Walk' mode , this steady accumulation is seen prior to what becomes the 'real' march upwards. If TIV does in fact 'have the goods' and keeps piling on 'more goods' , the next few years could be interesting.
"Rome was not built in one day." -- John Heywood (c. 1497 – c. 1580)
For what I think is an excellent example of this Random Walk take a look at a 6-10 year Daily Chart for AMED , a stock which I luckily began participating in back in the early 2000's. (And around $5/sh when a friend who was very familiar with the company told me "you know, this is going to be a $50 stock one day" I looked more closely and participated more heavily.)
Anyway , AMED has an anomalous and very visible 'glitch' in the long term Acc/Dis uptrend in Feb '06 (due to a one time event) but overall it illustrates a flat-lining of that indicator prior to the commencement of a long term uptrend -- the 'Random Walk'.
Nothing easier ... get in a stock at the right time (like AMED in mid-2003) and enjoy a 10-bagger over 5 years without lifting a finger unless you want to.
Will TIV go into Random Walk mode? Russell-related volatility aside , if/when increasing revenues are evident , it could well do that. Those who have been accumulating certainly think so.
For old-timers TIV has already had one somewhat-volatile walk up from sub-$1 to a steady $6'ish .... but since it's only current and future buyers who can drive the stock up from here , TIV needs to clearly show that they do 'increasingly have the goods' in order to have those buyers invest in TIV with enough sustained velocity to generate higher and higher bids for its stock.
JMO and Good Luck To All -- jonesie
Superwire, Inc. Announces the Appointment of Edward G. Hart to Its Board of Directors
--------------------------------------------------------------------------------
Market Wire
10:29 a.m. 06/16/2008
IRVINE, CA, Jun 16, 2008 (MARKET WIRE via COMTEX) --
Superwire, Inc. (PINKSHEETS: SUPI) is pleased to announce the appointment of Edward G. Hart to serve as a member of its Board of Directors. Mr. Hart's career brings over 37 years of experience in investment banking, investment analysis and corporate communications. He has been with Superwire, Inc. for almost 10 years, having responsibility for internal and external communications of the company, interfacing with Wall St. analysts, investors and media representatives. He has also been involved in the company's marketing, financing and strategic planning efforts.
Prior to his corporate communications career, Mr. Hart was Vice President with Lehman Brothers in the capital markets division advising institutional clients with their asset liability management. Previous to that, Mr. Hart has held positions with Cantor Fitzgerald, Institutional Capital Corp. and Goldman Sachs.
In a joint statement, James Truher, Chairman and Michael Heil, CEO of Superwire, Inc., said, "We are pleased to have Ed as a member of our Board of Directors. His years of corporate finance and management experience, coupled with consultation and advice to public corporations, will enhance the leadership of our corporate governance as well as financial and strategic planning."
About Superwire, Inc.
Superwire, Inc. is a multi-media management group offering interactive television, telephone, broadband services and Cable TV Ad insertion to high income Retirement, Educational and Hotel/Recreational communities throughout the United States. Superwire's ad insertion capabilities give national, regional and local advertisers a low cost, high impact avenue to target high expendable income customers and easily measure their advertising ROI.
For additional information, please visit: www.Superwire.com
Long-Term Downtrend Being Attacked Again
The chart below gives a longer view than the previous one and perhaps illustrates more clearly how persistent this downtrend has been ; at the same time it shows how significant breaking it to the upside would be.
There have been three previous attacks on that downtrend line in the last and a half ... perhaps a confluence of Russell-addition-buying and verifiably increasing production will make the fourth try successful.
JMO - jonesie
Descending Triangle - Breakout Possible?
At the current price TIV is very close to breaking out to the upside of a descending triangle which is capped with the lower downtrend line shown in the chart below. That line is the current downtrend line which excludes some possible 'outliers' and today sits at around $6.60/share. TIV is above that now!
With continued signifcant buying pressure TIV could perhaps breakout to the upside of the descending triangle capped by the upper downtrend line , which today sits at around $7.25 share.
Breaking and holding above that point would , IMO , be extremely significant TA-wise in that it would end a downtrend which has been going on for over 3 years now.
JMO
jonesie
Probable Russell-related price action?
Since 2005 is the year TIV was added to the Russell for the first time , the price action occurring then is possibly at least marginally relevant to the present.
I added a data point to the 2005 Russell chronology graphic , showing TIV's PPS when the prelim. additions were announced.
From that point until the day before the official Reconstitution , (after which 'tightly-indexed' funds quickly bought in per their funds' charters) , TIV's PPS rose from $11.88 to $13.44 for a 13% increase.
Then of course the PPS popped to $14.30 the next day on official Recon. Day , for an overall 20% increase for quick traders , (or was that only for negotiated after-hours sellers?) before beginning a return to the $10 level.
re: that after-hours buy-in in 2005 , note the increase in the short interest between 6/10 and 7/12 .... up nearly 800,000 shares. One might interpolate that at least one possible scenario was an arranged transaction between shorts and Russell-related index funds on Reconstitution Day. It will be interesting to see those data points this year.
At any rate , joining the Russell certainly gave at least a short-term increase in the PPS , and perhaps with TIV potentially having more productive irons in the fire now than they did then , there could be announcements resulting in some PPS upwards follow-through this time.
JMO
jonesie
Like I said ...
... maybe we'll get a Monday pop. We're certainly overdue for SOME kind of break in trading action.
Perhaps it's the 'Bena Effect'!
jonesie
re: Russell , it will be interesting to see ....
.... what transpires with volume/PPS between now and the actual Reconstitution date later this month. I'll post a recap of what happened in previous years after adding the new info to a graphic.
Also -- I don't see the actual min. mkt. cap. noted on the Russell site as of yet and in truth it's only interesting from the standpoint of seeing which 'predictor' was closest. (I certainly wasn't!! lol)
I sent an email to Russell asking when that info will be available , will post when I get a reply.
Meanwhile ... the important thing ... one would think there might be at least a little buying excitement today! Good luck to all!
jonesie
clientsadvisor, that's certainly one way of looking at it
"So when you count between 11 and 16 trucks a day, you would know the production capacity announced is the capacity produced"
I've just got one question about that and perhaps you can help with it. I know it would just be an opinion or guesswork, but what do you think about this:
If it's so easy for anyone at all to determine , by watching trucks or reading TIV PRs , exactly or at least approximately what the PV production is .... why is it necessary for those wells to be classified as 'confidential'?
I've got my own speculations which I've posted so no need to be redundant unless you missed them ... so what do you think , in light of the surrounding facts , might be the actual valid reason for that?
jonesie
p.s. Half of your sentences were about another poster , what another poster believes or doesn't believe , what another poster does or doesn't do with his time , and what another poster should do. All 100% immaterial to this forum. Clear violations of TOU and non-contributory to the discussion. Your post is still here because you don't post here often and perhaps you missed my recent recap of TOU rules or have never read the TOU rules. Please refrain from such in the future and address facts about the company , officers of the company , and speculations/analysis about the company. Period.
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Cool deal guilium
lol, I had a post ready to post and walked away, didn't see you had already posted it.
So NOW we get to see if any non-strictly-related Russell-'following' funds start buying TIV ahead of the Reconstitution Date.
And THEN we get to see what effect the actual buy-in later this month has on the PPS.
Should be a lot of shares!
And those will be shares 'out of the float' for a year.
Later!
jonesie
TIV IN RUSSELL 3000/2000 FOR 2008!
Tri-Valley made it back into the Russell 2000/3000!
http://www.russell.com/indexes/membership/Reconstitution/Recon_3000_Additions.asp
Minimum Market Capitalization Estimates for 2008 & TIV/Russell 'Actual'
$185.88MM -- jonesie
$171.63MM -- TIV Actual
$171.00MM -- ITG
$165.00MM -- Melissa Roberts
$165.00MM -- JPMorgan
$xxx.xxMM -- ACTUAL RUSSELL MIN. MKT. CAP FOR R2000/R3000 (unknown at this time)
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
SA12 - G-Unit , good posts ....
.... and IMO they summarize precisely the two prevailing points of view regarding interpretations of recently PRd 'production rates'.
While at this particular point in time it is possible to make a case for either side of that debate .... eventually additional facts will be known which will provide the answer to the question ... 'what exactly was going on in May/June 2008 with respect to produced/sellable product?'.
42 minutes to 'Russell Time' , + whatever 'after' means in 'after 3PM PST'.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
A third Russell 2000 min. mkt. cap estimate
Identical to Ms. Melissa Roberts' estimate of $165MM
"For the more heavily followed Russell 2000, JPMorgan expects 275 additions this year, compared with 167 deletions, and noted an expected cutoff market cap of $165 million, compared with $260 million last year - far outpacing just the 11% decline for the Russell in the last 12 months. Moreover, the bank said the slide for many financial and consumer names will drive them into being the most active new entrants."
http://blogs.wsj.com/marketbeat/2008/06/05/to-my-brother-russell/
So far , no news , no run
Maybe next week. The last time you smelled news and predicted a late day run we had an intraday blip (up) the following trading day .... before recommencing the long drip downwards.
Today:
-- Highest volume green day in the last 6 months. Shoot , highest volume day period in the last 6 months but not in terms of dollars traded , just in terms of shares traded. Still .....
-- Day 10 of firm resistance at .003
-- Up 30% vs yesterday. Beats down 30%.
Chart looks like it has a few times before ... Aroons playing nice, Wm%R playing nice .... but ADX +DI/-DI NOT playing nice ... and nothing much happened those times. Perhaps we're due for a change.
What looks really bad is near the bottom of the indicators in the chart below ... Acc/Dis. All it says is dump dump dump relentless dump.
The only 'saving grace' regarding that is , as I mentioned once before , the mechanics of how that indicator works 'indicate' (lol) that it can be misled/misused/misconstrued easily , i.e., that indicator can in fact show an UPtrend in the face of declining prices , and for a long time. So perhaps the downtrend Acc/Dis is showing concurrent with declining prices ......
Anyway , all IMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Good points , thanks.
Well , we've got 3 forecasts now , Ms. Roberts' , ITG's , and mine ;)
The first two are pretty close together and they've got better data/databases/etc so mine is probably going to be off the mark lol. I guess since my portfolio did very well over the last 12 months I just couldn't imagine how the R2K min. mkt. cap. could have dropped as far as they estimated!
So , wow , it could be really close for TIV.
One estimate of $165MM , one of $171MM , and TIV's mkt. cap at $171.6! Exciting stuff!
I know Russell uses that "5% banding" thing between R1000 and R2000 to reduce turnover , but I don't think that applies at the bottom of the R2000/R3000.
We'll know soon!
jonesie
A second Russell 2000 min. mkt. cap estimate
(skip to the bottom for the estimate}
Year 2008 Russell Reconstitution Preview1
* Russell 2008 Adds/Deletes Spread Return Intraday Chart
The market worries of Spring 2007, when the previous reconstitution analysis took place, seem like good times when looking back from the spring of 2008. The deteriorating credit crunch featured the Fed’s stepping in and guaranteeing Bear Sterns' bad loans so it could find a buyer. Whether the worst of the sub-prime mortgage crisis is over is subject to wide debate, and is directly related to an even more troubling discussion of whether the US is or will be in its first recession since 2002.
The extent of market worries could be summarized by noting that the CBOE Volatility index (VIX) has reached levels not seen since March 2003, when the US invaded Iraq. In the presence of significant market turmoil, the flight to safety on the part of mutual fund investors is not surprising. In fact, January’s outflow from stock funds ranks among the highest in history (right after October 1987 and September 2001), with 0.69% of asset being withdrawn. In these conditions money managers appreciate some certainty as far as index-reconstitution flows are concerned.
To what end ITG is conducting our 2008 Russell Reconstitution analysis, in which we look at the impending changes the annual rebalancing brings to index sector composition and risk profile, while providing fund managers with the estimates of turnover-related trading costs. We also offer powerful pre-trade tools, such as ITG Logic®, which could be used to smoothly transition institutional portfolios.
Like last year, the predicted index changes due to the Russell Reconstitution are not large. This is mostly due to continuing use of 5% bands, which were introduced in 2007. Below we provide more detailed highlights of 2008 Russell Reconstitution process.
Highlights
* In order to minimize unnecessary turnover, Russell continues to use a 5% band around the market capitalization breakpoint for R1000. This means that in order to be moved from R1000 to R2000 or from R2000 to R1000, the existing index member’s market cap should fall outside the 5% band around the cumulative market cap breakpoint. Cumulative market cap percentages are based on the Russell 3000E Index. According to our calculations, R1000 and R2000 stocks ranked between 820 and 1255 will not be moved between these two indexes.
* The list of Benefit Driven Corporations (BDIs) that became eligible for inclusion into Russell indexes since 2007 has grown a bit larger. Russell has added Anguilla, Barbados, Turks and Caicos, Antigua, and the Faroe Islands to the BDI list of countries.
As a reminder, Russell considers companies incorporated in BDI countries but with headquarters in the US or with US-based primary exchange as eligible for index membership. The original list of BDI countries included Bahamas, Belize, Bermuda, British Virgin Islands, Cayman Islands, Channel Islands, Cook Islands, Gibraltar, Isle of Man, Liberia, Marshall Islands, Netherlands Antilles, and Panama.
In 2007 a total of 93 BDIs became R3000 members. In 2008 we expect this number to be significantly lower, most likely in the single digits.
* As before, IPOs have been added to Russell indexes on a quarterly basis (35 IPOs were added to R3000 in Q3 2007, 37 added in Q4 2007 and 12 added Q1 2008).
* Companies which experience a corporate action between May 31st and June 20th (or one week prior to final reconstitution) will be reassigned to the correct capitalization-based index. In previous years, standard corporate action methodology was applied.
* Russell introduced a new requirement of 1% of float for large companies and 5% or more for small capitalization companies to be included in the membership. (Large and small capitalization are determined by the breakpoints established at reconstitution.) The purpose of this change is to exclude companies with a small portion of shares available in the marketplace.
* The chart below shows the historical numbers of companies that were added to and deleted from the R2000 since 1995, combined with this year’s projection. The projected numbers of 236 additions and 187 deletions for 2008 would be similar to last year’s.
{see link below for chart)
* The 5% bands continue to play a key role in dramatically decreased number of additions/deletions. We expect that 11% of the R2000 index weight will be deleted and that additions will make up 7% of the new R2000 index weight.
* Changes in Sector Composition
This year’s market volatility as well as investors shifting into more defensive positions, bring rather significant changes to sector weights in Russell indexes. Most notably, investors shift money from Financials and Consumer Discretionary into Energy and Industrials. As a result, the Financials weight in R1000 is expected to go down from 21.3% to 17.1% and the weight of Consumer Discretionary to go down from 11.1% to 9.3%.
On the other hand, the weights of Energy and Industrials in R1000 are projected to increase from 10% to 12.9% and from 11% to 12.3%, respectively. The changes in R2000 sector compositions are slightly different, with the Financials weight remaining stable at 21.8%, Industrials growing from 14.1% to 15.6% and Consumer Discretionary dropping from 15.5% to 13.5%.
* More Indexed Funds, Less Liquidity Pressure
As of the end of 2007, there was about $386 billion in assets indexed to the R1000, R2000, and R3000 combined. This does not include assets benchmarked to the Russell value and growth indices, and represents almost 6% decrease over the dollar amount of assets indexed one year before. This decrease is even more obvious considering that R1000 and R3000 still managed to record gains in 2007 (3.9% and 3.4%, respectively), while R2000 had a negative return of -2.9%.
In terms of cash flows, there was a reversal of fortune for the R1000 and R2000 indexes relative to the previous year: R1000 experienced a net loss of -20% (it had an +8% gain in 2006) while R2000 net inflow was +17% (from -24% loss in 2006). The net outflow from R3000 in 2007 has been a modest -1.3%.
* Lower Cutoffs
The projected market capitalization cutoffs for the new Russell indices are $1.93 billion for membership in the R1000 and $171 million for membership in the R2000, which represent 18% and 28% reduction from the last year, respectively.
http://www.itginc.com/research/russ/08/index.php
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
SA12, re: Russell ...
... we'll 'know' in just a very few hours so this will be a moot question momentarily but ..... have you seen any analyst predictions other than Ms. Melissa Roberts' as to what the minimum Russell 3000 market cap. might be?
TIA
jonesie
Superwire, Inc. Files Suit
--------------------------------------------------------------------------------
Market Wire
1:08 p.m. 06/13/2008
SALT LAKE CITY, UT, Jun 13, 2008 (MARKET WIRE via COMTEX) --
Superwire, Inc. ("the Company") (PINKSHEETS: SUPI) announced today that due to various misrepresentations by some individuals, it has become necessary to make a statement regarding the duly appointed members of the Company's corporate management. James Truher, one of the founders of the Company, and J. Michael Heil, are currently the only two directors properly appointed to the Board. Additionally, Mr. Heil serves as the Company's CEO and President. Though there are currently no other directors, the Company is exploring making some changes to corporate management which may include an additional director to fill an existing vacancy.
Accordingly, the Company has filed suit in Federal Court for the District of Utah against various individuals who previously claimed authority to act on behalf of the Company. The suit seeks damages for, among other things, forging corporate documents and diversion and embezzlement of funds belonging to the Company. In addressing the recent commencement of litigation, Mr. Heil stated, "Sadly, litigation was necessary to prevent some individuals from further confusing the investing public and from interfering with the Company's business. The conduct of these individuals was so extreme that the Company really had no choice but to file. Opportunities to make things right were extended, but not respected. Absent a settlement, the Federal Court will decide the amount of damages the Company is entitled to. My goal is to prevent that process from hindering the Company's progress in moving forward with its business objectives."
James Truher, founder of the Company, stated, "We live in an age when misconduct affecting a public company must be met with substantial and meaningful efforts to capture the truth and resolve the identified issues. Those who try to inhibit the process of obtaining answers will not be able to hide from the light that will be cast on the revealed subjects of material importance to the company and its shareholders. Our recent filing of litigation is directed at seeking answers, preventing unauthorized interference in corporate business, and obtaining financial relief from the wrongful conduct of others. That being said, it is now time to move on with developing the corporate opportunities still available to us because of the diligent work of our CEO Mike Heil."
About Superwire, Inc.
Superwire, Inc. is a multi-media management group offering interactive television, telephone, broadband services and Cable TV Ad insertion to high income Retirement, Educational and Hotel/Recreational communities throughout the United States. Superwire's ad insertion capabilities give national, regional and local advertisers a low cost, high impact avenue to target high expendable income customers and easily measure their advertising ROI.
For additional information, please visit: www.Superwire.com
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of Superwire Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Contact: Ed Hart (866)547-8737
Hi G-unit,
Seriously , all points of view are welcome on IHUB boards.
You might not have spent much time with IHUB so it's perfectly understandable if you aren't fully aware of their philosophy when it comes to their Terms of Use.
The below is just FYI to anyone who wants to read through this lol, it's not aimed at anyone in particular:
IHUB has a lot of neat features , some of which are only available to subscribers but many are available to everyone. I can't remember the exact breakdown between 'free' and 'paid' features but there are strong search features enabling searching by year and by user and by board for specific words.
i.e., that means it only took a matter of seconds to find my old post I just linked to re: 'agm's vs PPS vs PRs' by searching my name and 2007 and 'AGM'.
IHUBBERS also have the ability to include visible charts within their posts , and jpegs which can be uploaded screen shots of Excel Spreadsheets, or jpegs of things like USPTO (patent) filings from the patent office website , etc.
In return for those features and more , IHUB enforces a certain decorum in users' posts.
It might be helpful for anyone curious about their policies to take a moment and visit some of their links. I've provided a couple below
http://investorshub.advfn.com/boards/terms.asp
"Investors Hub Terms of Use - Simplified Version
1. Post about stocks.
2. Be courteous and respectful of other folks.
3. Post about stocks.
4. Have fun.
Or find somewhere else to post.
Questions? Just ask. " http://investorshub.advfn.com/boards/board.aspx?board_id=504
Detailed version (with selected relevant excerpts):
http://investorshub.advfn.com/boards/complex_terms.asp
# iHub provides users an area to discuss financial-related information, views, opinions, and the recommendations of individuals and organizations.
# The "rules of the road" are fairly simple in principle. Conduct yourself generally as you would at a gathering where polite people might attend. Watch your language. Avoid rudeness and flame wars. Stay on topic and stick to posts relevant to the board on which you are participating. Otherwise, behave legally, morally and ethically.
# iHub does look at messages posted by its members. We do reserve the right to monitor or remove any post, at any time, which is in violation of the User Agreement or clearly detracts from the value of the community, without notice. We also reserve the right to terminate any member's membership at any time, without notice or refund.
# Members should be aware that other members may not be who they say they are. We strive very hard to make sure members post under only one alias, but there is no guarantee our efforts will always be successful. iHub does not perform a background check on any of the alias profiles. We do not guarantee that members' alias profiles contain accurate information. Members should also be aware that other members may use iHub for personal gain. Therefore, everyone should approach messages with appropriate skepticism and objectivity.
# Messages posted by individuals may be misleading, deceptive, or in error. If you disagree with a posting, feel free to voice your opinion. It is the policy of iHub to allow our members to freely discuss issues in a free and open manner, and we will not take sides in disagreements or disputes involving our members, so don't try to bribe us. We do however want the conversations to stay civil, on topic, and insightful. They will be placed on a special archive for reference purposes. You may disagree about a topic or issue, but stay objective and do not turn it into a personality battle.
# iHub has only moderated boards and it is largely a self-policing discussion site, which means that our site administrators will respond and react to e-mails received from members regarding violations of the Terms of Use. Upon receipt of such e-mails, the iHub Admin can and may take appropriate action (at their sole discretion), including, but not limited to the removal of post(s) and the suspension or termination of account(s). Chances are - if you're honest, sincere, and civil with your posts - you will never have to worry about having a post removed.
I'm not going to post everything found in that last link for the "Detailed Version" lol, the link is easily followed and all can read. However there's a chuckle to be found in #8 under "Member Conduct", and that entire section is worth reading.
In short ... IHUB ain't Yahoo and it ain't the uncontrolled part of RB lol.
I've found that the best thing to do is post new facts and analysis of old and new facts and discuss them. To the extent that personal opinions even matter , they can certainly be posted , and differing opinions can certainly be posted , with or without substantiating facts , without seeming to deny someone else the very right to their opinion.
And I've found , on this and many other boards (since I AM an active user of IHUB) , that it's best to try not to tell other people what they 'should' do or not do.
As to your one "That's all I'm asking" question ... "tone" isn't a factor here. A poster here might have a 'positive tone' about a subject one day and a 'negative tone' about a different subject on another day. Discussion about 'tone' is irrelevant and best just skipped over , and too much discussion of 'tone' will get posts removed by IHUB Admin , see below for more info on that.
Facts , analysis of facts , discussion of same , parsing of company PRs , opinion on the relative merits of company executives , discussion of SEC filings , prognostications of the effects of certain potential events , rhetorical exhortations for a company to do one thing or another , or do it sooner , all of those items are fair game , whether one or another person thinks they are or not.
The rules are simple. It's all fair game , as long as it's phrased as IHUB insists. I can't think of a single reason why it's not possible and even easy to stay within their parameters. All in all I think it makes for a very pleasant and useful environment and provides a bit of opportunity for fine-tuning debate/discussion/analysis techniques sans useless invective.
FYI:
IHUB Admin removed all posts here today which were removed.
IHUB Admin 'booted' a user today for multiple violations of their TOU.
Moderators such as myself and leftybobcat cannot 'boot' a user.
Every user can use that little 'report TOS violation' at the bottom of every post, which will send that post's link into a queue for an IHUB Admin to review and determine whether to leave it or remove it.
Moderators can remove posts if they feel they are violations of IHUB's TOU.
A two-page post containing relevant information can be removed for two words violating the TOU.
Moderators are human too and using their best judgment , so per a relatively new IHUB feature any user who feels that a post was removed improperly can use this link found in Tools:
http://investorshub.advfn.com/boards/MyRemovedPosts.asp
and request that IHUB Admin review their post.
If IHUB Admin determines that the post wasn't clearly in violation , they will reinstate it and you will see some green 'recycle' arrows next to the post denoting such.
If they determine the removal was correct , you will see 'Reviewed by Admin' when you check back.
If when you view your 'removedposts' you see that it already says something like 'Reviewed by Admin' , that means it was IHUB Admin who removed it to begin with and there is no further review other than perhaps PM'ing another IHUB Admin and pleading your case, which is probably just a waste of time lol, they do have other things to do and they seldom do the same thing twice.
The above feature also affords the opportunity to 'copy/paste' a removed post (within 7 days) and remove the TOU-violating parts and then re-post the edited version so that the original effort put into that post is not lost.
I have found that this is a very interactive experience and unlike some other sites it allows for a good bit of transparency and for everyone to feel like they have been treated fairly if they should run afoul of the TOU.
Hope all this is useful to whoever might have read this far (LOL) and best of luck to us all in the stock market!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Russell prelim. list publish time:
Russell has updated their website and added a time-frame for today's updated lists.
"June 13 Preliminary additions and deletions to the Russell Global Index, Russell 3000® and Russell Microcap® published after 3:00 p.m. Pacific Time"
http://www.russell.com/indexes/membership/Reconstitution/default.asp
I guess a lot of people were asking them "when?!" lol
Just FYI
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Nice to see 3/10ths of a penny ....
... relatively speaking.
And HDSN (one of YAGI's known conduits for selling shares) and NITE just sit there on the Ask , refusing to let the PPS float up.
Is it YAGI selling?
Are the MM's 'doing buyers a favor' by not artificially creating bigger runs and subsequent bid/ask spread profits for themselves? I mean , bigger than the .002 to .003 ~50% profits they just made for themselves and any flippers going along for the middle section of that ride.
Why might they do that?
Are they under 'orders' from YAGI or a YAGI-friend to keep a lid on it so they can accumulate more of what little they don't already own as a few more burned shareholders bail out each week?
So many questions , so little input (virtually none?) from the company.
283 days since the last hard news about core NeoMedia.
2 weeks since the last 'payday loan' with loans on April 11 , May 16 , May 30.
jonesie
geo , re: "could you please make a chart ....
.... showing PR's vs pps for the last 3 years...in your spare time. LOL"
LOL indeed , that might be fun , I'll put it on the list :)
Meanwhile , we did do this table showing PPS action and PR's leading up to 3 years of AGMs , and I suppose this August we can start adding 2008 to the table.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23653254
'Back in the day' we used to see significant spikes in the PPS associated with a lot of the PRs ... sometimes even before the PRs hit the wires LOL.
Lately though the spikes have gotten smaller and are mostly intraday vs sustained (lol , possibly like the BOPD's mentioned in the PRs?) so such a chart might not be all that interesting other than to show what we already know .... 'people aren't buying (literally) into PRs as much as they used to'.
Okay , talked myself out of it , a comprehensive PR vs PPS chart is OFF the to-do list. ;)
JMO
jonesie
Geo, re: Russell .... (edited)
Indeed today is the day when we get to find out if TIV is on the preliminary list which is not expected to be published until after market close. (edited to add: Actually I'm not sure what time of day, it isn't stated clearly in the Recon. Schedule. Hasn't it been after hours in the past? Whatever, some time today as you say lol.)
Since that is the case , rumblings would just be rumblings as Russell is very tight- lipped on the subject ... of course.
As I opined before , it's a close call.
I think it would be nice if TIV gets on it because , although historically it has been a 'non-event' re: 'long term' price , it would at least temporarily take a lot of shares out of the float.
And if they don't make it in , historical price action surrounding Russell Reconstitution might suggest that it will be a 'long term' non-event as well as regards the PPS.
Still , it's always fun to makes the guesses then see what actually happens!
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Speaking of 'reliable 3rd party source' ....
.... I was very disappointed to see that another Thursday has passed with no update on TIV production on ANY wells showing up on the DOGGR site. We're talking February production here. IN MY OPINION, that failure to report in a timely manner is ridiculous.
jonesie
p.s. As in my earlier comments , 'combative, illogical and out of control' , 'rant and rave' and 'you sound like' are clear cut TOU violations and subject a post to immediate removal. As in my comment to G-unit , this is an advisory comment FYI rather than an immediate post deletion. IHUB Admin may take a different view.
To all: The rules are simple and are published within IHUB for all to read. Let's please stay on topic and discuss facts and relevant speculations. Thank you.
I think everybody will feel better ...
... including even the most critical of shareholders , when/if TIV finally reports , verifiably and unequivocally (unequivocably? I never can remember which lol) , production numbers which come close to the numbers they have been putting in PRs.
The numbers they have been putting in PRs lately come with various statements such as "Several of the new wells which are confidential status with the California Division of Oil, Gas and Geothermal Resources Agency are still in testing phases and their initial production rates vary, but the long term sustained production forecast is strong and growing as the wells stabilize".
A statement like that , in the context of the rest of that particular PR , can be construed two ways:
1) Best case , that the BOPD production number stated in that PR (1500) is sustained and occurring every day , or
2) Worst case , that was the volume over one hour immediately after steaming and upon turning on several steamed wells at once , then extrapolating that into a daily figure.
Until we see the actual numbers or revenues somewhere all we can be certain of is that the reality is somewhere between those two possibilities.
TIV also leaves a little ambiguity when they say things like "the aim of achieving 2,000 barrels of oil equivalent a day (BOED) by year end and has already attained that capability".
"Capability"? Okay , does that mean there is enough infrastructure in place to handle that kind of volume , or does that mean they are producing that volume every day , day after day?
It's open to interpretation and it's subject to eventual confirmation , one way or the other.
Eventually we'll see for sure!
Regards,
jonesie
p.s. Meanwhile opinions and discussion and/or analysis of what is most likely to be the case are fun to express as long as , again , the very fact that someone has a differing opinion is not assailed in any way other than offering alternate opinions or facts. "What camp are you in" is a clear cut TOU violation so this is an advisory comment and FYI rather than a post deletion.
We've often discussed the 'why' ...
... of NEOM continuing to 'give away the company' to YAGI and pay handsomely for what seems to be non-performance.
Today's Dilbert may sum up the gist of the current and past situation perfectly:
"I've decided that your tiny company will give us an interest-free loan. There's no paperwork to sign. We'll just pay your invoices late while snortling. This is the part where you realize your negotiating leverage is limited."
"I demand no snortling!"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Folks , this board is to discuss TIV -
- not the people who post on this message board including your speculation on what their motive for posting here might be.
If you disagree with someone else's opinion , you can debate the information without focusing on or attacking the person who posted the message.
If you have any questions , feel free to send me a pm if you have that capability, if you don't have that capability please discuss your questions with IHUB Admin by following this link:
http://investorshub.advfn.com/boards/profile.asp?user=111041
click on Send Private Message (all users can PM IHUB Admin) then read the "Important information when writing to Site Admins:" then send your question or concern.
Thanks in advance for maintaining what has been an excellent level of commentary about the COMPANY and FACTS about the company and SPECULATION about future events surrounding the company.
All opinions pro and con about COMPANIES are welcome on all IHUB boards.
Thank you.
jonesie
Tri-Valley Receives Approval from ConocoPhillips for 2,000 Barrels Per Day
Date : 06/12/2008 @ 12:43PM
Source : Business Wire
Stock : Tri-Valley Corporation (TIV)
Quote : 6.13 0.08 (1.32%) @ 12:35PM
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.
Tri-Valley began an accelerated development program termed “Operation Catapult” in February of this year on its six producing properties in California with the aim of achieving 2,000 barrels of oil equivalent a day (BOED) by year end and has already attained that capability more than six months ahead of schedule. The 2,000 BOED target was driven by the goal of returning Tri-Valley to profitable operations after some years of investing forward of revenues to assemble the properties, personnel, equipment and permits to effect an extraordinary increase in production while oil prices escalated.
“The Tri-Valley technical and administrative teams have performed exceptionally to beat the project target time lines and we expect to begin actual delivery of the production goal as soon as permits and production facilities are complete,” said Joseph R. Kandle, president of Tri-Valley Oil & Gas Co., the operating subsidiary of the publicly traded parent.
Led by Tri-Valley Oil & Gas Co. vice-president of operations, Robert Bell, Operation Catapult combined the geological and engineering staffs supported by the full administrative and accounting staffs and is capitalized by Tri-Valley’s Opus I Drilling Program LP to drill a number of new wells and re-work existing idle and underperforming wells to yield a total of 40 active producing wells to date on its various properties. Several of the new wells are on confidential status with the California Division of Oil, Gas and Geothermal Resources and thus the production rates of those individual wells are not publicly reported while they are being tested. Tri-Valley now aims for a combined production capability of 3,000 BOED or more by this year-end fueled by production potential of several new wells on its various oil and natural gas properties.
“With oil prices three times what they were when we acquired these under exploited properties, we believe we will rapidly build production, cash flow, reportable reserves, share value and reward for our drilling partners at an exceptional rate this year. We are in the right place, at the right time with the right commodity,” said F. Lynn Blystone, president and chief executive officer of Tri-Valley Corporation.
Tri-Valley has been in business as a successful operating company since 1963, and has been a full reporting 12 (g) publicly traded Delaware Corporation since 1972. Tri-Valley Corporation stock is publicly traded on the American Stock Exchange under the symbol "TIV." Our company website, which includes all SEC filings, is www.tri-valleycorp.com.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements which includes such words and phrases as exploratory, wildcat, prospect, speculates, unproved, prospective, very large, expect, potential, etc. Among the factors that could cause actual results, events and performance to differ materially are risks and uncertainties discussed in the company’s quarterly report on Form 10-Q for the quarter ended March 31, 2008, and the annual report on Form 10-K for the year ended December 31, 2007.
http://ih.advfn.com/p.php?pid=nmona&cb=1213289792&article=26838790&symbol=A%5ETIV
geo, usually the numbers are up by now ...
... and yes, on Thursdays if the numbers were received by DOGGR no later than Wednesday.
Been out all day and heading back out, but I didn't see any new numbers published as of now.
jonesie
Don't make me think about it. LOL
Just kidding, but it's just so close to Friday now it's almost easier just to wait and see what happens than to try and make educated guesses about what might happen.
But you know me! lol .......
If you look back at the recent posts I made showing the chart/PPS action vs Russell-related events for the previous 3 years:
You see in 2005 that in general nobody was really thinking about the Russell Index until Lynn found out (letter, call, Behrooz, Russell, who knows?) and put out a PR about it. Maybe Behrooz 'PR'd' it first in a post on RB or something lol, be easy enough to find out.
Anyway, prior to that announcement the stock was just cycling up and down a couple times in what was then the trading range , from $9.50-$10.xx to $13.50 or so. Even after the announcement the stock barely got back to that $13.50 area to complete a cycle , until the actual 'buy-in' day , at which time we saw a quick blip up to $14.xx then a month later we were back down to $10.00.
In 2006 we of course had the eyeman pump and for the life of me
I don't really understand WHY the Russell would have mattered much because the BEST that was going to happen was TIV was going to stay in which to me would be 'status quo' , right?
Once most folks realized that TIV had probably NOT made it we saw a big sell-off , with the spike up on the 'sell-out' day merely being the specialist exacting a price from an impatient short after hours ... and after that of course things fell down to a lower point than in 2005.
2007 is probably representative of the action which occurs in a 'somewhat manipulated/pumped/bashed/puff-PR'd' stock. T. Gamble might have been 'giving it a shot' but once he realized that he wasn't getting much help (i.e., 'longs' were as usual waiting on someone ELSE to get the stock up for them lol) he stopped ... and since it was absolutely CLEAR that TIV wouldn't make it back into the Russell , 7 trading days after the 'cut-off-date' for TIV's PPS the stock really started tanking , with SOMEbody selling , probably the few who were buying along with T. Gamble.
So, what are we seeing THIS year?
No real pump.
More selling pressure than buying pressure lately.
TIV maybe in , maybe not , and the result will be based solely on just how badly did the cumulative market capitalizations of 3000 other companies tank last year , and did they tank worse than TIV has year-over-year.
TIV's market cap only tanked 21% since last year's Russell 'PPS cut-off' date. If the lowest market cap. in the newest group of 3000 companies is 35% lower this year than it was last year ... TIV's in.
In other words, if Ms. Roberts is correct (and she should have good data) , TIV is in with something to spare. If she's off in one direction by a very small percentage , it will be pretty doggone close.
I'd say if TIV is on the list this Friday you might see some speculative buying in advance of the actual Russell Reconstitution date but those speculators can see the action in past years as easily as we can. I don't think anyone but the 'required' indexed funds will be buying for the long term , so these will be speculative 'traders' perhaps.
Then of course on 'R' day we'll see something but it could well be just as 'organized and controlled' as these events seem to have been in years past.
Oh , on that one question , I don't think 'big boyz' have gotten any word from Russell themselves , Russell is too professional and tight for that , but these guys have got GREAT market data just like Ms. Roberts so I think any interested institutions probably already know one way or the other to a very close mathematical certainty.
All JMO
jonesie
TIV seems to be holding the 'normal' ....
.... support level of $6 +/- pretty well.
As to TC potentially selling, who knows. We might not see that again right away, he might have just lightened up on a third of his options in order to diversify a bit. And he may have learned from what might have been a 'sell at market' order last time which hammered the PPS briefly.
Anyway, between now and sometime in August he'll do whatever he does then it will be over with as I doubt that TIV will extend the option expiration date of a non-employee.
Russell prelim. list this Friday, it will be interesting to see!
jonesie
Cool stuff Daniel, thanks.
Free signup to view that newspaper online
http://www.pressdisplay.com/pressdisplay/viewer.aspx
This was on Page 2 of today's paper , NeoReader 2nd in list. (Saw one other 2D barcode , on page 23 I think)
Million-share dump at below Best Bid
Somebody saying 'get me out please' and they have to go below Best Bid to find enough shares on the Bid to take him out.
I guess.
Another similar one earlier in the day.
jonesie