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I think this is their way of covering the initial financing slowly but surely. After all, the original 750K financing was complete in May? So that would be three months later? Are all these shares actually released? hhmmmm
By the way, Quest Oil is getting bashed on All Stocks. *sigh* somtimes I wish this trading venue were not so easy for some of these people.
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/009159.html
As far as I knew Empire Stock Transfer is the firm that was retained as stated in the 8K SEC filing on Aug 15, 2005:
Item 8.01 Other Events.
On August 8, 2005 our board of directors dismissed our transfer agent and retained Empire Stock Transfer, Inc., 7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV 89128-8351, Telephone: 702-562-4091, Facsimile: 702-988-1244, to serve as our new transfer agent.
I have not seen any other changes since.
My motto-
Buy low, sell high do your own DD
Noted, I have been tracking.
Depends on what lady you talked to, not everyone is familiar with the level of detail as to who the transfer agent is.
I still think that this is a good play. I am still in with a large chunk with a low average. Yes it is a risk depending on how the law suit turns out but their sales are solid and all other plans are still on track.
Depends on what you already got in your hopper. I think that 100K of anything at one fell swoop is a bad idea. I work up to things gradually to get the lowest possible average and I do not advise others how to buy. JMO
P8- Great update, thanks for posting. It looks like the small retrace/gap has been filled, am I actually reading this right? False resistance here and should actually continue into the 60s?
And the buying continues! My goal is a low average 100K, these drops to .08 have certainly helped that out!
I am liking the way that this is playing out. The research firm upgrade preceeded the final closing of the financing just barely. All the aspects of the financing look great, especially the fine print that allows QOIL to buy back their shares should they choose to. With this new evaluation and the financing, I believe this places QOIL in a position to begin considering the move off of the OTCBB..correct?
Twin- and they are STILL boggled by the whole debenture issue on RB...very amusing...
As long as you keep posting those annotated charts, I will get better at understanding them! Thanks!
I would like to think it was my broker, however, I have been buying 500 and 1000 chunks once a day for the past ten trading days and no such problem. However, I anti-ed up and got shut out, I will keep trying though...it has to come through sooner or later.
4godnwv, ignorance question- this re-evaluation could not be seen in your charts could it? Do the resistance points indicate a major change like this in the cards? Thanks.
I was just mentioned that I really do not think a lot of people on RB still understand what just happened...
Yes but I am talking about that recent research article that I am referring to, not the 98 million but the upgrade again to 500 million which lead to this morning's stock upgrade...gosh people just really do not get it do they?
Man- I hate these MM's. I placed an order of 20k at .085 and again at the high end of the ask. I was locked out both times while other obviously smaller orders went through. Not so much as a partial wink either....shafted today guys, sorry.
Excellent PR! Not only commenting on the existing two acquisitions and recent drills but the new opportunities. I think these guys have their hands full!
It is a huge step to outright buy a rig. Great foresight on their part!
I noticed no one addressed this on Raging Bull. You do way to much work for them! Anyhow, I am getting a really warm feeling in my tummy from this latest action. I cannot wait for the quarterly report! Hopefully out tomorrow to provide excellent entertainment for me on the plane!
I think they are finally establishing themselves as a viable insititution to toss out numbers of common shares at that magnitude. It really makes sense, they are seeing some good things happening and now want to see some money to go with it.
That tie in will be awesome! I wish I could be there personally!
Cheers and keep up the excellent work!
True and do not forget you are dealing with a still Communist nation. This very well could be a technological breakthrough to their masses. No ill will intended at all.
You're very welcome. I do not think I am the only though. I have a little cash reserve and filled 500 shares at .085 then another 500 at .09 and again at .09
I'm still with you!
And I am still hanging on to my position! Villabout, JT you guys are all right on. I have not participated in these discussions simply because they drive me ape. I did my DD, this is a long term. And especially since China is fast becoming a LEADING super power, you better believe I am not selling my stock in a CHINA company! So, I am still here in long, just cannot stand to hear about the "oh my's" and "what's all this" and "well what are we waiting for's..."
I think we are all busy watching the energy stocks and activity in New Orleans.
No worries- I had their email and was able to respond. I just wanted to let a few of you know such that you did not think I was ignoring the pm.
I did want to post this shortcut to the financial info posted on WFMC on T4$ board: http://biz.yahoo.com/prnews/050901/phth050.html?.v=19
THanks!
I am off to New Orleans this evening for disaster relief. Good luck to all and have an enjoyable holiday week end.
August overall is a slow month- on the stock market, on retail on just about anything. Usually the only sector in August doing well is energy and that is because people are taking last minute vacations, getting kids back to school as well as flying new and existing students to college...
4godnwv, T4 et all- I just want to let you know that I am too cheap to pay for the subscription service. I will covert soon, just all my spare change right now is tied up into planning the biggest part of my life, and of course trading pennies. I just wanted to say that because I received a private message from someone off of T4 now subscription only board and cannot reply as I should.
I third that! I don't think anyone of us were expecting this news! T4$ you still checking this out?
Good point on the mass email thing, I forgot about the last round.
As for finance news, I am asking if anyone is elsewhere because I wonder if a requirement exists in China to post monthly information. After all, most companies in China are government controlled correct?
Just a thought, trying to help JT out by investigating other avenues.
What makes you think that would prod them any better than anything anyone has done? I believe that they will do what they please because they are not governed by anyone to do otherwise. They are following the rules of their government. Who knows? Maybe their financials are released in China..anyone looked?
Patience guys patience. We will know whether to set sail or jump ship in a clearer picture.
Plus I would like to remind everyone the Dot com days are over. We are back into a cycle of long term investments. Just now we have a lot more day traders around to make a buck on a hump...hold tight. Long term is what it says, long term. Remember the days of Coca Cola? A .25 stock back then and look at it now???
Seriously- I really think that we are just chomping at the bit more to make a dollar than to see a company prosper. Hold tight, I am not saying it will or will not be worth it, but the DD shows good things to come in my oppinion...
Patience pays- in all honesty is there anything in the charts or in the filings that indiciates that this company is taking a nose dive? JT- look at all the research that you have done over these past few months. There is a REASON why you are investing so much time energy and money into this company. I believe that while not inclined to let us in on their strategies, this company will still do well just by what they have already acquired in contracts in the past.
Just my thoughts...
Anyone heard from JT today?
In addition, maybe it is their way of trying to get us to lose interest and sell?
I wonder if their silence/ pretend ignorance/ lack of whatevers is a precursor to how American investors can expect to be treated on the China markets? I am just sort of speculating here. China is going after everything they can get their hands on from trade domination to dominating oil reserves. Maybe they truly do not care for international investors into "their" companies. Just a theory, any thoughts?
Gracias-
muy mucho comprendo!
What do you mean by "strong hands holding here" on your annotated chart?
Thanks!
IESV
another alternative engery- always good volume
Cheers-
I am still in for 110K
Yep you can call me crazy as most redheads are!
So 4, with this recent new low, what is your take on the charts?
THanks
Krysten