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I guess having 9 billion shares outstanding would have no bearing on a pps increase. Hey by the way, how much revenue do they have? Does that have any bearing on this? How many Barrels of oil per day does a well need to produce to break even? I am interested in knowing your investment stratagey?
By now we are approaching 9 BILLION SHARES!!!!!!!!!!! You are correct retireat40. Folks don't do math anymore. Hope & change is the new philosophy.
1200 posts in the last 2 days. 300 million shares sold in last 2 days. (they are trying to sell that last billion shares that they could not get rid of.) No pps increase? Hmmmm.... I wonder if 9 billion o/s shares would have anything to do with it?
Andersons compensated themselves with a few billion shares by means of selling their old shares and replacing them with new shares which they cannot sell for a year. I guess "they" think they are worth 250,000 a year. happened a couple months ago.
95 % of the posts here are old news. The paid pumpers are pretty good. Keep buying them up folks!
Anybody interested in buying some swamp real estate? I have some to sell. I don't know wheather to LOL or cry for you ........!
Wrong, they could not get the last billion shares sold so they had to pump it to get it done!!!!! Wow!!!!!!!!!!!1
If it goes to.0002 that does not mean you will be able to sell your shares
They purchase some advertising in the form of pumpers so to finish selling the remaining shares to get to the 9 billion outstanding. Selling had died off in the last few weeks, so take advantage of some tiny news about 5 oil wells and share holders who are starving for any kind of good news.
MATHMATICS or HOPE? Have any of you folks done the math on 9 billion shares in regards to corporate value. If we go to .0002 the value is 18 million. Based on value this thing is going no where!!!!!!!!!!!!!!!!!!! Wake up!!!!!!!!!!!
perhaps the pumpers are trying to chew thru the balance of the "9 billion shares." More dilution.
Lots of excitement for simply adding 5 more wells that are low producers. All other info is old news.
Bingo & Ditto that!!!! Now that we are most likely at 9 billion shares outstanding and at the most possible lowest PPS it would not take a rocket scientist to make a statement such as "I told you it would go up" Where in the hell else can it go? Folks like 744 seem to think that positive thoughts will move the PPS.
744 please review previous posts. Your response does not follow topic discussed. We were talking the merit of sec designation not oil wells.
Because it does not have VALUE!!!!!! Revenues & profit are wealth! Not an SEC designation. Holly Crap!
Your so called "reregister with the SEC" will have NO efect on PPS. Where do you come up with this stuff?
yes, we should be close to that 9 billion mark! I suppose you think this is a good thing.
Could you provide contact information please. I thought patrick was gone.
Thxs
maybe this will help you all realize how much this has been diluted. A billion is a lot. WE are probably close to 9 billion now, since 7.8 billion was a February number.
thanks you two.
Can the moderators post these reports? What do they say?
not with 9 billion O/S!!!!
Do you understand how much 1 billion is let along 9 billion? I feel sorry for you.
Yea.......those stupid reports! Aaaaa who needs em!
ooops I was wrong. I guessed 7 billion shares outstanding. As of February 22...........7,804,630,655. I think we should all continue to listen to 744. Do you laugh or cry? Hey 744 are you really Wayne Anderson? Will the real Wayne Anderson please log in?
Most likely. We are probably only up to about 7 billion shares. Another 2 billion to go. (just guessing.) Funny how these .0001 keep showing up even when they are not posted on the bid/ask. I'm sure 744 can provide us with some answers.
Good commentary 744!
I checked 1.8 billion. 57 bucks a share. SOooooo you are comparing Disney to UNGS? Interesting!
mega dilution!
Yea hurry up. They are having a .0001 sale. Only a couple billion shares left!
Purchase .0001 to infinity.....and beyond!!!!!!!!!!!!!
This is what some of us have been asking for quite sometime now. Perhaps the Andersons are selling their shares. They gave themselves 3.5 billion shares a few weeks ago. It has been stated that these new shares cannot be traded for one year but it does replunish their shares that they could be selling now. Just a guess. I'm sure 744 can tell us what is going on.
Good idea! This will help keep the pps down and pay their salaries.
Strange that the bid continues to show a limited number of shares available at .0001 however they keep getting sold.
or they could sell the existing shares they have, and these new shares would replenish them. I hope to be wrong, however common sense and human nature tells me otherwise. If we are up to 6 billion o/s now, this would me our investment has been reduced in value by 50%!!!!!!!!!!! (prior to recent dilution) I guess will see.
Strange that the Andersons would give themselves 3 billion shares to sell to us in order to subsidize their salaries, if indeed the company is now profitable? Please explain? Do you find that just a little bit unusual?
Will the Anderson's let us know when they have sold enough shares at .0001 to subsidies their salaries?
$10.00 PPS? I did some mathmatics on your optimism on how we could get to $10.00 PPS.
At the current price .0001 we could do a R/S of 100,000 to 1 and possibly get to a $10.00 PPS. So I guess your right! Oooopps I forgot about the additional outstanding shares not yet reported. Are we up to 5 or 6 billion now? (maybe 400,000 to 1)
This is assuming you and Chetra 744 believe in Mathmatics as a form of developing a reasonable conclusion.
Now if the above is not reasonable, "could you help me and others" project how much revenue would be needed to arrive at a $10.00 PPS? One aid you do have is the 85 billion per month the USA is printing, so inflation should be considered in your caculation.
I will wait for your "rewards" caculation.
Rewards program? What a great idea! After Chetra buys all of Andersons shares to compensate his salary. What should the rewards be?
Good idea! The Andersons gave themselves 3 billion shares or so, so they can sell them to you. This is how they generated their salaries. ( 260,000 for Wayne) Pay Wayne 260,000 for non-performance. Hopefully he can justify this level of pay in 2013.
I do not compensate for lack of performance, obviously you do.
To add to my post the other thing that stinks is how they posted some positive news, most likely to generate interest with the hopes to sell more shares and THEN tell us later about their compensation (with shares) on February 12th. This really stinks!
Ethical????? This is not the way you treat folks/shareholders.
What I don't like is the Anderson's giving themselves such a high salary (shares)when ungs is not profitable. This is wrong.
They must feel they are intitled to it, most likely because they have spent a lot of time on ungs. I don't mind them taking compensation, but not this much, until they show a consistant profit.
Compensation should be based on performance. The action of the other day (the 12th)is morally wrong based on what we know so far. This is practically stealing.
Profit first then compensation!
This is most likely where all the .0001 shares have been coming from. They are getting themselves paid based on the amount agreed to early this year. (Wayne 260,000 per year if I recall)
Huge dilution! For example 20 million shares is not worth squat. I hope the reverse split does not hurt us all to much, but I'm afraid we might be in trouble. Logically speaking (for those who have that ability) I guess i'll resort to do some hope'in investment philosopy like chetra 744.