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It still looked pretty good near end of day and I like the company just as I said or else I might have sold it all. But also a little worried about the cash and if they will have to go back to Asher with hat in hand before oil prices can reverse enough for them to make up ground in rev vs cash burn. Last time they dealt with Asher and that other outfit... Management got very little for 200 million or so shares that got dumped on shareholders in a year or so time. Thank you for your post. I enjoyed reading it. I hope everyone can make money.
I am not trying to get it down but if it wants to go there I don't want to be in the way and before you say sell. Well,I did half .
There is nice bid at .0017 but after that..then what?
I guess it does look that way.
I agree.0011 so I SOLD half and am holding funds and holding half just in case I turn out wrong. There is always another penny stock.
They have no prospects for expansion and increase income....they can't even break even maintaining what they control now. This is very risky and with the chart topping out...not looking good for anyone in over .002 or higher. My opinion please do your own DD.
I'm gonna peeve some people out by suggesting that this is going back to the trips and how soon will depend on if the company has an ace card up its sleeve or something to put in play via Pr. My opinion only but I think its going down the reason why is that they have already run through about half of that 400k cash they had. Nothing that I know of that is going to prevent them from having to go back to Asher and the like. It will be necessary.
Chart breaking down.....look out below.
I still don't have my promised dividends from this company WNTR. How can a company .......any company big or small ,corporation whatever....say you get a dividend and then don't pay up? I thought the SEC regulated that stuff. Figured they have to pay if they declare. Maybe not? Probably not? Not for sure? I can't call this play a scam......no I won't call it a scam.....its not a scam? is it?
I hope you enjoyed the vacation. I hope you did make a nice profit even selling that low at least you got in early. I was just checking to see what caused the move up around May 20 and saw that the good filing was the reason. Increase in Revenues and increase in production and slashed expenses. The sale of some property or something for 400k...instead of diluting .....Asher..out the door. Way to go management. Next filing should be pretty good too. Oil prices seem to have stabilized ....not to be pumping here....I'm probably known more as a basher but trust me when I say they all deserved it. This one looks like its in a different world than the most of the others I have played over the years.
edited to make correction in last post. Where I said only 28 million added to outstanding in a year that was not right. I meant in a quarter. My mistake. Do your own dd ...
This is one of the best companies I have seen at this price it would be hard to beat. I am not that good with interpretation of financials but its not hard to look at those for this company spot that this outfit is doing great. Seems well managed. Don't know the float but should be very reasonable for this price. They may not be big but they are doing well. Increasing production slashing expenses...wow. No convert debt..no major dilution. I believe they went 28 million added to the outstanding in a year.
Compare this with what is trading out there which are prob mostly dilution machines and you will see that this one can move in the right direction very easy. imo
Light volume. Not much posting here today. 3rd of the volume in the last few minutes of the day. I think someone didn't want to hold all week end and will be back on Monday. We have seen this stock move and know what it can do.
I wonder who got the .0019's..darn it I sat on that bid all day then someone else picks them up. But that's ok they gamble a lot bigger than I did today.
Got another 130,000 at .002
Yes you did do better than me..I didn't have that much into it. On this one I feel better. It's doing ok and I am real pleased. I still have funds tied up or I would be holding a lot more here.
you prob made more money than me.....lol.
volume is like the wind it does come and go. I know of another stock I hit on recently ERHE....I understand it has like 3 billion shares. Trading heavy today and its up good but down from previous highs. That one will provide excitement. But I[m out.
I prefer to wait it out as long as there are shares to be had low. in the 2's maybe .0019 or even lower. I expect if traders get bored they will sell.
I will try to load up around .0015 up to .002 and just sit on it cause its going into summer time and volume will probably be light. Might be Sept into Fall before this makes big moves.
are you a fruit case?
Got some funds that need to clear but hopefully the stock wont be above my goal by then.
Such a sweet chart. If this fails it will be hard to believe.
exactly my point. Need to build position. Then let her run in time.
what's the hurry? Sellers are a positive if we can get them. Just as you say. Low float...let them sell...all the better.
UAPC....go!! But just like this as in slow and easy.
Just relax. The stock is on the move and my money says we go higher. Imo.
So did I. Easy money for a while here. Looking for copper...good luck to all.
With the outstanding going into 3 billion shares. Total authorized being 3 billion in my opinion before any deal will be made the share structure will need to be restructured. Just my opinion but why do any kind of major deal that will make the company richer as long as there are so many shares out to start?
yeah ERHE making the bottom feeders cash...good luck.
congrats to everyone who got in low..nice triple. Nice bank...
I bought into this one.....held it just long enough to make a little cash. Then after learning according to some posters on here that the company has like 3 billion shares....I dumped. I think that its had its run off the bottom and fortunate to be at this level. Learning of the 3 billion shares is news enough for me. Still it is interesting .
The chart really does look good....no looks great. Only problem is they don't work. Well most of the times. imo.
It looks like speculation is king right now with this. The chart looks nice if you don't look at the left side of it. Nice chart but you never know when the dumping will begin. Always does.
I highly doubt MYRUP would post here in this forum. This might well be a pump....got a whole crew working here maybe. So be careful guys. I care.
yes maybe so. But then again maybe a shake out will come and I can at least find a lower price before any big move. But you are probably right.
Dumped all my 11's at 14..darn I could have gotten more. But the nearing of 3 billion shares out scare me. I just wish I could have found this one earlier around .0005.
I said it before and I will say it again. I never to my memory ever seen a stock dive like this one did after the last r/s I rank this one the worst of the worst I ever held. People from the past who owned shares here tried to warn me.....but no I kept buying and watched my pot of cash met to near nothing. It's my fault. I guess I just couldn't believe that they would take this to no bid. It just looked like wholesale dumping .....so be warned and if you buy this stock...when you lose its going to be your fault........YOU WERE WARNED.
But you know what? He could be right about this stock might make him some money cause he isn't buying up like we did before they dumped all those shares and before that January filing concerning the r/s. I was saying there could still be a r/s pending. Plus it is his money to risk...so if he likes the stock I hope he buys all he can.
yep that is true. It does happen.It's good that you know.That way you won't be too disappointed when you see your own account possibly wiped out by your own investment here.
I tell you what is toxic.......ACLP~!
Of course its only my opinion after watching my investment fall to 300 bucks.