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Please provide some proof -- it's really not a good idea to just make a statement without telling why.
We all want to hear good news but it needs to be substantiated with real facts.
If that were all true he would have released the valuation by now - it can't be released until it shows more than current pricing - probably he wants it to show .035 or more. And I have to assume he either can't do that yet or has something that may make it worth a little north of .05. And remember he may never be able to show anything positive in the valuation.
What he is trying to do here is very hard and if he gets it done it will be a terrific feat. But in no way is it a done deal.
2.99 is too low for now. On a real down trend it would be ok but since news will probably be great I wouldn't do 2.99
How about the opposite - don't lock now and if news was not so good then lock them at 2.99 to help prevent too much shorting. This way is better than getting caught off guard and missing something you put so much effort and expense into.
(For those who don't know he went and paid for the conference that owcp was in)
This way you are covered both ways.
Just a suggestion
Thanks, great info
My understanding is that they can't use shares, to short , that have a sell order on them.
Hi Gary
For what it is worth, this is the best post I have seen yet, by anybody on any board anywhere.
Thanks
Thanks fpr the response - do you have any idea of what it could be besides one of them gaining control of company.
What is going on - did not see any news?
How do you know this?
How did you confirm that
I have a question about the "making a killing" part. The stock has only traded about $17 to $18 thousand dollars worth today for total revenue - how much of that could hsve been profit for him?
Great comments and insight into trials.
Although I have limited experience with trials I found one time the exact same thing about a trial that was started and ongoing but didn't show up as being underway for awhile after commencing .
I do agree with the premise of delving deeper into the much needed real dd rather than relying on hype.
More comments such as yours are needed to help clear the air. Thanks.
I agree - good post
The only thing I would say to you if iglow is correct, then contacting their patent attorney won't help as he could be in on the deal.
Please please please don't misunderstand my statement as agreeing with him or agreeing that owcp is a stock selling scam. it is just using their attorney to confirm something may not give the correct answer.
Also I know nothing of international patents but here we have patent applied for which works to hold your work till it is accepted - maybe that is the case for international ?
Unfortunately many people who post just wing it. I wish that they would just post teal facts and when the do post what they call facts, very often (not always) they are posting hearsay or assumptions based on flawed info.
Hanks is caught between a rock and a hard place, he can't publish a valuation below current price so he has to wait for something real to happen. This is also why he probably did not have maple take those extra shares from mmex as he knew he had no chance to get a positive valuation, at least in the near term.
Obviously I have no way to confirm why the evaluation hasn't come out yet but it is the most logical answer which I can figure out.
Also since most of items which need to be done are contingent on the other items I'm not sure what he can do to make it happen before the permits are granted.
He needs to secure the land with a contract contingent on financing for the land which is contingent on the permits and further financing for the building of the refinery. It is hard to get one without the other. So the valuation is probably going to have to be contingent on all this happening - so what do you say in it - we really are worth nothing now but if all of the above happen we are worth whatever number they come up with?
Maybe he can do part of it first but it won't be all that easy. Obviously if he pulls it off that will be why they pay him the big bucks.
Good luck. (From the sidelines waiting for real news)
That would be highly unlikely to ever happen - kpe is mot in that business and probably doesn't have the capital to do it.
The problem is that there is not much other than sec fillings which clearly state lack of assets and real income. Almost every thing is hearsay, I believe hanks maybe trying but so far most are things he wants to do vs what has been done.
I don't believe this is a scam, just very hard to do with a small chance of success . Who knows, as small of a chance of a refinery being built, it doesn't mean it can't happen.
I have owned over 12 million shares and now own none. Will only come back in with REAL NEWS and will be very glad to pay a premium pps to get back in as long as I know it is REAL NEWS AND GOING TO REALLY HAPPEN.
When is that supposed to be announced ?
They can only use $50,000 of the $500,000 until cse listing is in effect. So for now they have a limited amount of cash. Also they will need to complete a larger non-toxic financing deal as the remaining $450,000 is not enough to finidh r&d on new cover and purchase enough inventory to keep up with expected sales increases.
I totally agree
Free from courts?
No shares being dumped it just stagnant because float really is locked up - we have almost achieved gridlock. It really is a good investment and it just needs news on cse listing and some long-term financing (they have short term secured ) with no toxic debt anticipated and this has traded over a dollar in the past and at .44 within last year.
In my opinion this is one of the best stocks to own but you should do your own dd to see if it fits the type of stock you would like to own based on risk / reward ratio.
Good luck
What are you referring to?
"Mentioned" vs real world are different things. There are 1000's of posts that pump, but that's just what they are just pumps. There are way less who give facts, not necessarily bashers but real facts and it is not as good as it appears.
It may happen after a lot more work and time. It still is a long shot with much risk it is in no way a done deal EVEN IF THE VALUATION SAUS 300 MILLION the stock still could go to zero in time. This project is not easy to do. Not saying that it can't happen just be realistic about it.
Excellent post and all true. The hype is hurting this as it looses all credibility for the stock - it doesn't help in the long-term it hurts.
Agreed if report says that but how do we really know it will come out and how do we know that it won't be 10 million ?
No one does that but bo-zee
I think ot was more that the valuation would come out below current pps and with it out it maybe at or above. And valuation has not been released because it still is below current stock price and won't be released until it is above whatever the current pps is at that time
You have been
I agree wih your assessment and also replied to the original poster in regards to sec. The extreme pumping that goes on in a surge is wrong and does damage. Those that do their own dd will know what they have, such as yourself . The problem is that those pumpers and bashers, while only temporary, do damage in the short run such as we see here.
Once "they really get it" things will straighten out.
Thanks for your insight.
None of that happened with owcp by the company - outside sources, who knows? The pumpers have left but those pumpers did do some temporary damage to owcp's reputation - that is why pumping is a terrible thing
Why they did a reverse split now makes no sense - the stock looked like it was progressing well. It may have gone up a lot from where it was without interference from the company. It's just stupid thinking on their part.
Just remember this doesn't have to be a scam but nevertheless very hard to do with a possibility of being closed but in no way a done deal as inferred on this board.
Also if you look at the mayor's reply he was asked if a refinery was being built in his area (no mention of mmex) and his reply was that's the plan, for now. Hardly a whole hearted response with a lot of enthusiasm. It sounded very skeptical to me. Again this may happen but at this point it is not a sure thing by any stretch of the imagination.
Also kpe doesn't have to be in on it because they agreed to build it if they get financing as there really is a chance this can happen which does not make it a scam. Just realize that it might have the odds against it and if it falls apart it won't be jack's fault or kpe's or anyone else's - it just might not be a doable deal. On the other side if does get done, kpe and others want to be part of it
I am buying without a problem but carried no shares over from friday
No you didn't loose all your money some brokers don't allow you to trade for a day after a split. If you would end up with a fraction of a share you may be out split was 2000 to 1
Yes it will in 20 days
It may be that only a portion of the insiders shares are tied up and that the rest of those shares are tradable by insiders - just because an insider owns a share it doesn't mean that they can't sell it unless it is restricted for some reason - that's probably why the difference?
I am confused on what you are asking? CEO's don't usually sell product - did you mean company? And where did you get information on how much they sold?
Thanks for the good update