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istreet
TA wise mid term negative, short a possible small pop, small to .014 / .015 /.016. I don't like all the managetment hype PRs, which started May and is directly related to PPs climb.
All and all if I had a position, I'd get out on any run and not enter on any pull back. It's worth watching and still very cheap, so if the PRs turn to rev's and a continuing up trend grows, you still have time to buy. Very limited info available is a negative. You must count on PRs from management for facts as to profits without checking. And management has started a PR blitz to push PPs up. Don't like that. I'd DD management if I were intrested in this company, and find out their business history.
All IMO on very limited look.
'MAKIN CASH'
What news was promised?
I'm just in today on a strickly TA play and have DDed the limited info on OMOG, but I read nothing which would cause me to expect good news near term. As a matter of fact, what would you concider to be good news!
Any historical info you can add will help!~
Thanks !
justastock
IMO info your looking for, is the TA & charts that show at least a 1/2 penny pop the next 2 or 3 days. Will follow up with chart tonight, with target.
Luck
BR549
You brought it to my attention. And I would play it before EOGI technically. Although EOGI Would be a better day trade, with the larger daily PPs spreads. I'd let them both pass by if targets not reached, both has to high a risk, to chase a run TA wise. They will fall as fast as they run. IMO
BR549
OMOG
Over 1.3 billion shares OS, law suite, may not own all 435 leases, and on. All reasons not to invest. But what about the trading patterns?
You know very few traders on the pinks invest in companies. They trade the cheap stocks for profits. Your 100% correct about the company, but should look at the potencial for making money in the stock.
I put a small buy in last night, not closed yet. May raise it tonight, if I don't close. Charts not bad, I like the 50MA headed for the 200 any day! Just a quick swing play! Wish me luck ! LOL
Back in TNOG some today. Expect to get more lower. Remember management knows how to support the PPs. So what's with the PR today? IMO a plan? Matters not, as long as it helps my plan. thank you.
'TRUCKER- LOU'
Sorry didn't check site yesterday, was out, till market close.
my buy back was .048 which was reached, but didn't close. So I still have a open buy order at .048.
Check post;http://www.investorshub.com/boards/read_msg.asp?message_id=6808473
It has one error Sell profit target 25% from 1st buy, sell lose 12.5% down from 1st buy
Should be; "12.5% down from last buy."
BR549
100% TA short term 1 - 2 weeks swing trade
plus;
long down trend reversal
bull pennant, in pause stage
MACD rising to "0" with good divergence
major bid buys the last few days
accumulation/distrubution bottom, large divergence
neutral;
STO
RSI
CMF still shows selling pressure, but improving
negative;
Aroon down trending 5 day
DMI tight with ADX down trending
PPs at top of BBands
50 day MA still down trending
IMO could have a 1 to 1.5 cent pop any day. But I'd say stock is right at a turning point, which could be the start of a reversal mid term or return to down trend. Looks like waiting for positive news of some kind and the big guys buying on tighter spreads with volume retrace.
If I were looking for a quick risk play, I'd expect this for a 3 day pop within 2 days top target up 1.5 cents. Swing it fast and watch to see if it turns some of the neutral & negative indicators after. If they turn, I'd start a normal 1 to 2 week swing, mid to late next week and continue to watch for a continuing up trend to form.
mitchell66
I haven't been following the short position and do not short stocks, so I will only say;
If the short your talking about is posted on the REG SHO naked short list, there is nothing the company can do but complain.
I think your posting about short shares reported on the American, Those are legal short positions and once again the company can do nothing about investors taking a short position. Not event complain.
Someone else could probably explain further. But buying a stock short is a hedge play, a reverse bet on the PPs going lower.
starboy
Thanks for the link. It was a good read and probably as accurate as anyone's opinion, including mine.
Here's something I found on another board, which also has merit, when playing the stock game. But I'll stick to TA, DD and MMA, but randomness and stars are good also.
Haven't been posting because there is nothing to post about. IMO
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Printer friendly version (PDF format)
Financial Concepts: Random Walk Theory
Random walk theory gained popularity in 1973 when Burton Malkiel wrote A Random Walk Down Wall Street, a book that is now regarded as an investment classic. Random walk is a stock market theory that states that the past movement or direction of the price of a stock or overall market cannot be used to predict its future movement. Originally examined by Maurice Kendall in 1953, the theory states that stock price fluctuations are independent of each other and have the same probability distribution, but, over a period of time, prices maintain an upward trend.
In short, random walk says that stocks take a random and unpredictable path. The chance of a stock's future price going up is the same as it going down. A follower of random walk believes it is impossible to outperform the market without assuming additional risk. In his book, Malkiel preaches that both technical analysis and fundamental analysis are largely a waste of time and are still unproven in outperforming the markets.
Malkiel constantly states that a long-term buy-and-hold strategy is the best and that individuals should not attempt to time the markets. Attempts based on technical, fundamental, or any other analysis are futile. He backs this up with statistics showing that most mutual funds fail to beat benchmark averages like the S&P 500.
While many still follow the preaching of Malkiel, others believe that the investing landscape is very different than it was when Malkiel wrote his book, nearly 30 years ago. Today, everyone has easy and fast access to relevant news and stock quotes. Investing is no longer a game for the privileged. Random walk has never been a popular concept with those on Wall Street, probably because it condemns analysis and stock picking, the foundation of Wall Street.
How much truth is there in this theory? It's tough to say. There is evidence that supports both sides of the debate. Our suggestion is to pick up a copy of Malkiel's book and draw your own conclusions.
'Cutting Corners'
You know, the longer I'm with TNOG, the more I see it reaching .10+, which I NEVER expected. As I said, we have many PRs to come and management knows how to support the PPs. So I also look forward to a long summer.
After all the wells are producing, I'd love to see a PR about them getting their books audited. The 1st step to becoming listed is to become SEC compliant, with regular filings. Once this is done, I want to see RS talk. With good revs and a profit margin, they have to get financials in order.
There is a possibility TNOG could jump right to a major exchange, if the rev's are high enough and OS lowered to give TNOG a PPs & market cap to qualify. This would be a great move on the companies side. And very wishfull thinking, but attainable.
Mean time, I am looking for the next play now, just in case! Sectors never influenced me before. Especially in pennyland. But this little oil company and oil prices, has me searching!
Make money today and dream of tommorrow. LOL
justfrank
To be honest, I also have been waiting for a small pull back, Channel. IMO there is just to much good news expectation for a real pull back. So I ended up entering the last time higher than I got out, and expect to do the same this time.
As I've stated before I trade numbers, precents, normally in 4 steps for lump buy in. 10% down from high, 1st buy in, then 5% up or down, and 10% down, 5% up or down. 25% each. Sell profit target 25% from 1st buy, sell lose 12.5% down from 1st buy. If targets are not reached within 2 weeks, I jump. If all are closed, the play becomes a 2 month double, 1/2 loss. If all are not closed I swing it when a 25% or 12.5% is reached.
So take 10% from .053 or .048 for my 1st buy. If it goes up from there I'll buy at .05, if it goes down I'll buy at .045, 5% up or down. And so forth.
This style of trading allows me to get out, with a swing if support of an up trending stock falls like a rock 12.5% or runs sooner than expected 25%, but I become fully vested if it holds with a reasonable retrace and continues to climb.
I rarely get a chance of a double, but when I do become fully vested, the stock normally reaches the double within the 2 month limit using this pattern.
It's my plan, and at the end of every day I know what to expect! More or less. LOL NO emotion at all, just place orders each night and wait for the day to play out. The last time I missed 2 buys by .0001, 3 times, never changed an order, but still closed 3/4 ths of my lump target, and a 30% swing at .0455.
A plain and simple plan, which works for me.
Addhominem
Guess you are new and haven't been reading my posts. To answer your question, NO for most, but YES for me. I move on targets being reached and mine were reached. Although, I will admitt I raised my target from 25% to 30% this time.
No problem there are still many PRs coming, in a continuing up trending stock. It's all good!
BR549;
Thanks for the DD you continue to post! Some good info this weekend! I'm concidering re-entry with a smaller lump and larger swings next time. The more oil guy info I read the more long potencial I'm seeing.
Question, did you find any info on more than 3 leases held by Tnog? Some one posted 17 and Valor deal should show some future drilling potencial, if it closes. I tryed looking but found nothing.
Could you take a quick look at ARET? A hype oil play so far, on closing buyout of producing wells, but seems the wells aren't producing much. The put alot of oil men on the board!
TNOG;
Outstanding day today, excelent volume, strong trading pattern. I'm out right now, as my sell order closed. I'll be back for sure. I think it's 5 swings and 1 lump play and counting. I'm loving this little oil business stuff!
ecp1947;
Funny, I took a position in ILCO today after finding it this weekend and you got out. You took a position back in TNOG and I got out. LOL Also put ARET on my watch list, after this weekend.
'monkeybiz'
TNOG is not a NAZ traded stock, each exchange is to put together it's own list for public view. The naz covers several but not pink.
'Cutting Corners'
Look at the chart and re look at the chart. That .028 was hit! I just didn't get filled.
I realize everyone is excited and wants the run NOW. I'm just trying to point out what can happen, not will.
If your basing your trades on PRs, then actually, you have many PRs sitting on managements desk before flow numbers of all 3 wells.
You have gas line connection, 600 gal tank completion, 1st producers flow numbers, second wells into production, progress reports on the 3rd well, flow numbers on the 2nd, and I'm sure a few others.
Each can cause a run, continuing the PPs up trend well into the summer. I've got plenty of income coming from this, step by step. Because thats my trading style, step by step.
After trading these types of stocks, I've learned the more the stock preforms, the more MMs work it. And there is alway a point when it stops. If you think I'm trying to influence the price movement, you give me WAY to much credit. Your 200k swing was about my lump tnog size. I'm making a living, not a killing! LOL
All I "wish" is to continue to make money on each step up. As I posted, I'm 3/4 filled and will be happy if I close at my next swing target of .045. If my lump was full I would be waiting for a double. To .065. If it goes down to .028 before .045, I'll close my planed full lump, that's where I'll sell! Simple plan, double the lump, swing anything less.
PS: MMs never cover naked shorts! I know!
Best of luck to all!
Was posting about when I saw MMs going pro-active and accumulating & manipulating. In the post I'm responding to here.
So there we are, MAY 18th with the smallest daily volume in months, the market makers loaded up (+/-50 mill traded during 7 day accumulation)and a holding tank PR released, a pop and accumulation sideways again. If you look at the charts you will notice a sideways move after runs, instead of a retrace.
This post is ment to be a watch what happens post. NOT a play this analyisis. If you haven't already come to the same conclusions I post here, it's not a time to trade, but to watch and learn. This is a VERY HIGH RISK play and may not become fact! I do NOT recommend selling high on this run, unless you planed too before.
Look what I found at buyins.net, the site that shows naked shorting. Seem Tnog became naked short, when we started seeing sideways accumulation channels. So that would mean we are buying shares from MMs that they have, but can't settle! LOL
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Stock Exchange / Market : Pink TNOG
Listed - 27 Consecutive Market Days. On List as of 05/17/2005 Through 06/24/2005
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If my 50 mill traded ballpark is correct, that means they may have a good percentage of the 50 mill shares to stop a run; or profit on a run with. Depending on weather they have them in inventory or have already sold them.
From the action just before the PR, I restate, I "think" they still have some left, but not much. I expect a fight to control a continued run Monday.
If I were them, I'd gap the AM, then rush the PPs up, selling and start buying on a strong retrace. Watch for an unusual large volume on the retrace, to indicate this. Normally volume up is larger than volume down. If it's close, equal, or larger, it's MMs accumulating. The next you'll see lower highs and higher lows, until a down turn at the EOD. With a continued walk down and sideways accumulation, till the next mid week expected PR.
I may day trade this play, selling high and re-entering low,if I see it! Risky business, don't recommend!~!
When you see the MM plays, understand the motives behind them. You can play them. High risk level, but profitable if your reading them correct. It's the play the big guys plays thing, I've mentioned before.
Remember it doesn't take a major pull back, for MMs to profit on a .0005 down accumulation. With millions of shares. That's why the sideways accumulations I showed in the chart was not large retraces.
Still like an accumulation channel;.038/.033. We'll see? Could change to .04/.042 or higher, after Mondays super volatile day. But IMO we will see a channel for a few days of tight sideways trading. IMO indicating the leg 2's starting point, where ever it forms.
Good day today. Management pro-active on the news front. Kiss my last buy order good by and expect my sell to close early!
There was a time lag for move today, which shows me spec traders were mostly out and MMs control of instant run, kept the news from the day trades watch list for a while. Was a good fight to control the run once the watch lists started notifying day traders. To late for a major play.
Monday could gap up and a 10:30 PR would drive spec traders wild. Best to all next week.
Have a great weekend!
kevinaok
Could be GTE's could be any of the Form 144's, could be specialists inventory. Matters not, PPs is still only $3.09.
But we have some more major investors that want the PPs to go up with us now. How will that effect the stock? We'll have to watch how the PPs reacts to the next PR. Will it be bla again or will it start to become more volital.
If you have to know what's happening, just read the S3 & Russell's requirements. Institutions are entering. Without effecting the PPs !!!
It's been so boring I have nothing to add. Swing buy target $2.80 sell target $3.30. So here I sit! LOL
Have a great weekend!
solfnod
Aroon is a trend indicator; start here. If it's not clear search my posts, I have many old post trying to help others understand them.
http://stockcharts.com/education/IndicatorAnalysis/indic-Aroon.htm
YES ; MM accumulation is because they expect PPs to go higher. When you start to see normal retraces after a run, you can expect they don't! The retrace doesn't occur because they goble up every thing dumped by day traders. IMO.
Oh ya, they could let it retrace farther and buy lower yet, but the volume may dry up and they won't get as many shares as they want. So logic says get them when you can and help keep interest in the stock as long as possible at the same time.
A new position 15% lower with 10 million shares is better than 30% lower with 1 million.
New chart; ADX problem & MM accumulation channel explaination.
On the OTC:BB you can call up the market makers volume records, and see which one is trading the most volume. You "can't" get this info for TNOG, it's pink. But if you want to check other stocks on the OTC:BB you may be trading, enter the symbol here; http://www.otcbb.com/dynamic/tradeact.htm
For any given company stock, there could be a different number of market makers trading in the stock. Who covers which companies stock depends on business decisions made by the broker/dealer.
Once a M&M (broker/dealer) takes a position (buys an inventory)in the company they are to help create a free flow of daily trades in that stock, by closing trade orders which come into their trading desk. They do this buy selling or buying orders which they can not find matching orders on the open market.
So as they recieve orders, they check the open market, if they can't find a matching order, they can do three things. Buy or sell from their inventory to close their clients order, hold the order at their trading station until they see a match, or place the order on the open market to fend for it self.
Now forget all the manupulation, bull I'm 100% positive happens and start thinking like a business. I can post a very interesting letter from a retired MM when I find it, covering the manupulation factor, but for now we'll just practice a good business plan.
How can I (SCHB, NITE, ETC) opperate a profitable business. First I would need to have enough stocks in my portfoilio to generate enough fees and trading profits to create a good profit margin. Second I would shift that portfolio to the most profitable stocks as they become active. Third I would want to increase profits by buying more shares low and selling more shares high.
In TNOGs case the stock traded freely the first several months, then all watching started seeing a different trading pattern. This is when the MM became proactive! They started increasing profit margins by trading the stock as well as getting fees for transactions. IMO
After the continued increase in interest in the stocks up trend, the MMs (broker/dealers) purchased more inventory to swing with the expected future day trades. This took place during the longer than normal sideways trading pattern around MAY 8th and the following week's decline. IMO The retrace/run pattern was changed, with a large amount of accumulation, sideways.
So there we are, MAY 18th with the smallest daily volume in months, the market makers loaded up (+/-50 mill traded during 7 day accumulation)and a holding tank PR released, a pop and accumulation sideways again. If you look at the charts you will notice a sideways move after runs, instead of a retrace.
That is why I say MMs are accumulating and selling. When day traders buy in they sell out. You'll see that in the moves before MAY 9th. So IMO weather MMs are manupulating the PPs or not, the side ways accumulation channel in itself shows Market makers increasing their profits margins by trading inventory into the runs.
PS: the arron had a cross and is now in no trend mode until th up trend green line crosses the 30 line down. When it will indicated a short down trend change.
dick765
Exactly, mis-spoke. Should have added " hang in until they dump at lowest level" These are the inexperienced traders which hold way past a resonable loss, in hopes of a come back. Everyone here, including myself, has done it, before learning how to play. These are the same guys you see buying small orders as the PPs runs up! The emotional new penny stock players, the day traders & MMs make a living from.
The people I'm posting to help, stop trading that way !!!!
Longs aren't suckers they are investors. I was posting about MM plays, which are short time plays. Not long ones.
'explorer186
Welcome to IGGY ! I have no need to continue to read your posts. You add nothing constructive! IMO
No one needs to know TA or DD, to spec trade TNOG. Just watch the daily volumes.
Conners,
Matters not for us, we own stock. MMs make the market on volume & profits from their inventory. If they just sold their inventory into the climb higher, you can be sure they will try to buy back in lower. Just like you and I.
Spec traders 250k or 1 mill buys & sells do not control which way the PPs goes, unless the MMs want the same. IMO Their trading inventory was mostly sold and now it's time to buy! They will continue to allow large swings until they unload the last of the inventory and then create tight spreads to accumulate at a lower level.
The TA some of us post about, shows this pattern on charts. Learning to read the charts, just helps one to see the market being made! The OTC:BB market. Understanding market makers motives are the same as ours, helps makes successful trades! IMO They are NOT long investors, they are traders! They buy low, sell high and benefit from large volumes.
IMO spec traders know this better than all, they know who has the biggest advantage and will be getting out! The usual sucker will hang in. And a new ball game will start.
Because patterns repeat, TA helps determine target highs and lows. These profit margins are calculated by market makers just, like profit margins in any business. When market makers find a good company, they begin to work to derive as much profits as possible and will continue to do so until the company executions stalls or stops. Then the market makers will stop working hard to assist the companies PPs trend and let it trade free, with little intervention. Relying on volume fees to justify making a market it the stock. This process can take form several months to a year or more.
BR549
Thanks, I'm sure all here will benift from your research and also thank you.
You can see my point. When this series of wells reach production, what can we expect in the future. Many times traders don't think ahead, any further than the next play. I have stated, I don't plan to go long, become an investor, unless I can see financials and will not. But, I would love to know if I should continue to watch this "company" not the stock, after the stock play is played out!
From the knowledge I've gained from your and others comments, I feel the management and the business plan will allow continued execution. I like the company (management)! And basically trying to see if it's worth a long look or not. Many times these little penny companies are there just to make a quick buck. Once it's made, the management takes their profits and move on to the next business.
Some times it's better to follow the management than the company. Trying to figue out which is the case here. Will the company continue to grow or will the management continue to get richer!!
Thanks for your past and future input! It's helping me!
'J-Rhino'
When I pick targets, I just place "open until closed" orders in and wait. I have no idea when or if they will close, other then the reasons for my picks, posted here.
Once again, I'll state, I'm not here to tell people when to buy and sell, but to show how a trading plan works.
Recently I posted, If you have a trading plan and stick to it, you will know the results to expect every time. IMO to become a successful trader, you will have to learn this and practice this. By posting numbers, I am trying to back up my mouth with my actions. So far I'm on the second trading plans execution, with the first plans results documented.
It's nice the first, turned out positive, but it could have gone the other way. If this one goes the other way you'll know about it. I play swing trades 25%/12.5% and longer trades double/half, in pennyland. I call them lump & swing trades and they are timed 2 months/2 weeks,simple plan!
The point is; create your plan to match your circumstances and you will always reach your goals. You will gain what you want and you will only lose what you can afford.
I don't recommed trading your money on anyone elses calls, other than your own. I have lost many, many times! and will continue to loose on trades. But I KNOW how much I will loose before I start to play!!!!
ineedtoknow
Sounds like a logical research plan! But I'm a lazy TA guy that knows nothing about finding that kind of info. That's why I asked an oil guy! LOL
I'll try to continue to help the board info, with my expected TA, MMs, PRs, targets and timing explainations. I'll let someone knowledgable with oil companies, help the board, with expected oil projects, history, business plan execution, and possible rev's.
BR549
Do you know of any other leases TNOG is holding, but not working ? I'm looking for the next TNOG project. Could be the new partner deal, waiting out in the future. But I'd love to know what to expect next from TNOG's management!
Whats in the exploration pipe line, so to speak. LOL
Thanks
Yesterday, closed both .035 & .033! Missed buy @ .028 today, only one 250k block traded there. I'm 3/4 filled so far and from the DMI, Aroon cross and start of down trend and other TA indicators, I feel we will see an accumulation channel between .033 & .038. And there is probably still a chance to close at .028. Depends on how the MMs play this and where their inventory sits. From todays money play (chase the large blocks) I think they still have some cheap shares to sell.
IMO todays trading will keep the spec players longer and the PPs will settle with real tight spreads the 1st part of next week, with a climb toward the end of the week. Tommorrow I expect a pump & dump, then the PPs will find the channel, after the MMs sell the last of their inventory.
Didn't like the "ADX lowering" today, instead of it just going flat. But the past DMI+ stair case climb shows continued up trend, after this pull back & accumulation for the next move up. At any rate, we will not see new highs until the next PR and I expect that PR to state the gas line was completed &/or the larger tanks have been installed.
That should take the PPs to .0045 plus leg 1 and a pull back with accumulation, then the second of the two PRs, to take it to leg 2 .065 plus! IMO Flow numbers will be held for the chandle on top of the cake! LOL So there's my guess based on DMI+ following ADX up, the company managements use of PRs and the MM history of working the system.
The monkey wrench, to my guess, is managements PR play matching my time table, in my order of news released. Or the ADX continuing to lower to the DMI+, instead of the DMI+ raising to the ADX. If this happens, IMO the upper targets will be lower but the 2 leg run will still come.
'Cutting Corners'
Your so correct. Just calling another indicator to everyone's attention. Not saying that one is the one to base buy/sell on!
IMO every repeating pattern is a good one to watch. We have so many, you pick your's.
My main one is DMI, when DMI+ crosses ADX or ADX starts to head down, IMO it's time to look else where for major runs and continued climbs on 9 days cycles. The stock will become unpredictable.
'Cutting Corners'
Got my second buy at .033 waiting for it to come to me. You probably helped with you block order. LOL
I expect PR late next week because epc1976 mentioned a posible news cycle and when I researched it, I found news releases seem to come in 8 to 10 day cycles, just like new highs come in 9 day cycles. Patterns repeat, management has shown market knowledge and uses it to support PPs with PRs timed for that reason, IMO..
In earlyer post, I posted about enter targets and the results of a accumulation channel. As usual you can't always pick the moves to the day or minute or 10th of a cent. What I expected is taking longer then I thought and is actually good, because the higher the start point of the next run the higher you can expect it to go.
So my entry will balance out to low 3's instead of low 2's and If it's in the low 3's next run to go to mid 6's instead if mid 4's. Either way we'll make money! PS: seems the tops come in 2 legs, so we may see 1st leg to .045 and 2nd to .065.
See following posts! Second one shows chart for runs doubling starting point. and 8 to 10 days from Tues PR is late next week, early the week after. So I expect an accumulation channel to form from now on to then.
http://www.investorshub.com/boards/read_msg.asp?message_id=6697516
http://www.investorshub.com/boards/read_msg.asp?message_id=6703929
Still around, but actually there was nothing happening to the PPs since the "not the news expected" PR. Also looking for next play and helping my daughter with a business deal she got into. Took my eye off the ball, because the ball was not in my play ground yet.
I picked up a partial fill Monday AM .031 and some more this AM .035. I have raised my buy back in targets, but they are down 10% each in 3 trades. .035/.033/.028 Two to go.
My plan was for entering on the retrace which hasn't retraced as far and fast as expected. The PR was on time and everyone sure bought into the expectation. Now the spec traders are starting to realized the flow numbers and future business execution PRs are not coming, they will start to jump.
IMO most feel like I do, tied up money, is lost income. although my trading style is based on monthly income theirs is day or weekly. So expect the retrace to come over the next several days, until the end of the week. By then I should be completely vested again and ready for the PR push to the next level.
Just waiting for the PPs to come to ME!!! Then it can run Monday and Tuesday on expected new PR late next week.
Past the PR time. Looks like not today, only got partial fill this AM. waiting for it to come back down to me now! LOL
Russels news PR my buy order passed right by! LOL
Sorry one link put in twice. This link gives you all the PR,s no longer available at Gte's web site. Lots of good core business DD.
http://www.investorshub.com/boards/read_msg.asp?message_id=5838736
Follow the bouncing info on value added cards. GTE & GI join. to issue GI's card - GI owns AmericasCom. in FLA. - Seroussi & GTE join (Englewood)- Seroussi & Sund run AmericasCom - Sund runs First E-Solutions which has a web site offering value added cards. GTE & GI join for processing money xferr transactions - Then GTE hires Seroussi.
So GTE has Seroussi to develop the technology and stored value programs as CTO and GTE/GI/AmericasCom/& First E-Solutions are all linked to Seroussi & value added cards. But I can't find one bit of info on Englewood ever being in business. Carrier traffic,xferr switching, telcom or value added.
Looks allot like the old Asia deals, with no answers! LOL
IPW/ATC/GI - Charterhouse - Chatham - ASX delisting, rename, continue funding a company not in operation.
The ducks get in line, but shareholders and the investing public has no idea how or where the results are. Close to 2 years of loving this company, trading and investing in this company. Making money in this company and I still have nothing but questions. LOL
But that's OK, we have the STRAT and one major run each year with a down trending stock the rest of the time. With an increased PPs of 1000% from .02 cents in 2003 to .20 cents in 2005.
Q1 2005 better answer some questions (result question) Or I'll have to take another look at my plan. LOL
Much success to everyone; shareholders, insider, and company alike. Now I'm back to where I belong, The TA board!
IMO you got to think about the core businesses!
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Miami, FL, January 30, 2003
Grupo Ingedigit, the parent company of AmericasCom International, Inc., GTEL's Venezuelan network provider, has entered into a joint venture agreement for distribution of the Grupo Ingedigit Mastercard, Cirrus and Maestro Debit Card
program.
On May 3, 2004, the Company entered into a Joint Venture Agreement and Stock Option Plan with Englewood Corporation and respectively with Joseph Seroussi an individual (Agreement).
August 16, 2004
http://www.globetel.net/about/letter081604.html
We have invested heavily this year in the organization, both at home and overseas. We have made investments in key people, like Leigh Coleman, GTEL President, who moved to Miami from Australia. Joseph Seroussi is working with us to develop the technology and stored value programs
MIAMI--(BUSINESS WIRE)--Aug. 19, 2004--GlobeTel Communications Corp. (OTCBB:GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ('GI') to establish a new business to profit from providing U.S. and worldwide financial transaction processing services
Subsequently Seroussi and the Company have entered in an Agreement whereby Seroussi has given up his consulting contract and on October 1, 2004, joined the Company as its Chief Technical Officer.
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First E-Solutions
http://www.firstesolutions.com/
H. Parker Sund: Executive Vice President
Mr. Sund is also founder, President & CEO of AmericasCom International, Inc., an international wholesale voice carrier.
AmericasCom International, Inc
http://www.americascominternational.com/
H. Parker Sund: Director, Chief Executive Officer & President
Joseph Seroussi: Director & Chief Operating Officer
Some more reading;
http://www.investorshub.com/boards/read_msg.asp?message_id=5838731
http://www.investorshub.com/boards/read_msg.asp?message_id=5838731
http://www.investorshub.com/boards/read_msg.asp?message_id=5863109
Starboy, actually trying to get back to basics. The core business, a subject rarely discussed here lately! Got you looking into it didn't I . Trying to get focus off how many rivets go into the frame of the strat, back to what will create value to GTE shareholders.
JUST my opinion!
Here's the e-mail.
Mr Huff, could you give us an up date on the progress with the core businesses? I've been a shareholder since 2003 and am a long time shareholder because of your core business plan. But with all your attention with Sanswire, we core business investors seem to be completely left out of the PR channel.
I am very happy for you, reaching business goals to date. But would expect when the core business is what drives the present company value, you could keep shareholder up dated, about partnership results, rev's, profit goals and margin goals attainment, for the core businesses.
In 2004 we read PR after PR about new partnerships for the money card, store value card and money remittance programs around the world. Sense then, ZERO info as to the progress, except one very small part in the SEC filing about $9k & $ 64k rev's. I hope you realize it's been a year of limbo !! A letter to the shareholders about the core business progress would be "NICE". Thank you.
I personally am very interested in the money transfer fees generated by the Grupo Ingedigit relationship below and the progress of transactions being processed by the existing switch in Venezuela and the new switch to be installed in Miami.
Still waiting for an up date on the HONG KONG gateway & switch installation also, due first Q of 2005. Love the potential years from now, for Sanswire and how it will add to the companies bottom line, when it happens 2006 & 2007. But I'm invested in GTE today! What's happened to warrant continued investment in GTE today??
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Miami, FL, January 30, 2003 (The Digest) - GlobeTel Communications Corp. (OTCBB:GTEL), today announced significant new customer services for its prepaid calling cards. Grupo Ingedigit, the parent company of AmericasCom International, Inc., GTEL's Venezuelan network provider, has entered into a joint venture agreement for distribution of the Grupo Ingedigit Mastercard, Cirrus and Maestro Debit Card program.
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MIAMI--(BUSINESS WIRE)--Aug. 19, 2004--GlobeTel Communications Corp. (OTCBB:GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ('GI') to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. The venture will be managed by GTEL operating from its facilities in Miami, Florida and will mirror GI's successful operations in Venezuela.
With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
Both parties are contributing equally to the venture. Upon its completion, the Miami switch is expected to be certified to process MasterCard, Visa, Cirrus and other independent ATM transaction networks. Operations are expected to begin before the end of the year. GI's will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
GTEL and GI will contribute their current and future business opportunities and customers for processing at the new Miami switch. GI will bring the processing of existing and new programs in Latin America, as well as other new and exciting opportunities in the U.S. and elsewhere. GTEL will bring all the Magic Money Card projects underway in the U.S. and throughout Mexico, Latin America, the Philippines and Australia. The Magic Money Cards are directed at the large immigrant communities that live and work in the U.S. to primarily call and send money home.
Check out who the COO is! Joseph Seroussi: Director & Chief Operating Officer And it's still in business since Jan 2003 deal. Just checking core business & found this. I emailed Mr Huff today for up date info on core business will see if I get a reply!
Miami, FL, January 30, 2003 (The Digest) - GlobeTel Communications Corp. (OTCBB:GTEL), today announced significant new customer services for its prepaid calling cards. Grupo Ingedigit, the parent company of AmericasCom International, Inc., GTEL's Venezuelan network provider, has entered into a joint venture agreement for distribution of the Grupo Ingedigit Mastercard, Cirrus and Maestro Debit Card program.
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MIAMI--(BUSINESS WIRE)--Aug. 19, 2004--GlobeTel Communications Corp. (OTCBB:GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ('GI') to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. The venture will be managed by GTEL operating from its facilities in Miami, Florida and will mirror GI's successful operations in Venezuela.
With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
Both parties are contributing equally to the venture. Upon its completion, the Miami switch is expected to be certified to process MasterCard, Visa, Cirrus and other independent ATM transaction networks. Operations are expected to begin before the end of the year. GI's will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
GTEL and GI will contribute their current and future business opportunities and customers for processing at the new Miami switch. GI will bring the processing of existing and new programs in Latin America, as well as other new and exciting opportunities in the U.S. and elsewhere. GTEL will bring all the Magic Money Card projects underway in the U.S. and throughout Mexico, Latin America, the Philippines and Australia. The Magic Money Cards are directed at the large immigrant communities that live and work in the U.S. to primarily call and send money home.