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This is off of the website, not sure when he said it but it was a pleasant surprise to come across it this morning.
"We feel that in 2018, we will encounter that first significant commercial production of oil and gas." Victor G. Carrillo, Zion CEO
https://www.zionoil.com/dspp/
Looks like someone was busy updating the website.
http://fullalliance.com/
Good interview with the CEO. I like this company. Has anyone looked at the balance sheet? "Revenue by the end of the year"
https://www.otcmarkets.com/stock/MGXMF/news/Everett-Jolly-Hosts-Jared-Lazerson-CEO-and-Director-of-MGX-Minerals-Inc-on-Uptick-Newswires-Stock-Day-Podcast?id=191766
I will go with $48, based on a dream I had.
Did anyone else see the tweet earlier today? It almost sounds like they are testing now. Thoughts?
https://twitter.com/i/web/status/989547467258712064
Done. Go TNKE!
I think my right offerings just hit my TDA account.
This is good enough for me. I also picked a up a bunch more at .0015 the buyback program will really be more effective at this price.
Can someone explain how this merger is a good thing for current shareholder's? The price is 70,000,000 shares. As of 12/31/17 there was just shy of 12,500,000 issued. 461% dilution to current holders. I guess that is better than the original 910%.
Hi Moses, where are you getting the first come first serve from? My understanding is that you will get what over-subscription you request and pay for. If there is not enough to cover demand for all the over-subscriptions, then the remaining will be prorated based on your original allocation.
The dilution factor is comparing the book value of $0.91 (after the increase from $0.44 due to cash increase of $52 million, yes money in the bank, you know the kind that prevents bankruptcy due to non existing debt) to the strike price of $5. The 81.8% dilution is the premium attributed to the share price. That "dilution" factor would be bad only if there was no oil. And we all know there is oil. The book value in the calculation does not account for an oil reserve asset and revenue.
Remember you are a precious child of God.
News has not hit TD Ameritrade yet. I expect another run when that happens.
My guess is that they were waiting for approval from Israel on the testing plan.
The news is here. Testing equipment mobilized.
Let us all remember that nothing happens without the approval of our Father in heaven and things are working out exactly as He has planned.
IMO - Zion's management is doing exactly what they should be doing, and that is finding and producing oil. Management's priority is not and should not be to make impatient and whiny stockholder's happy with PRs and to respond to every change in the share price.
As previously mentioned today, the share price is irrelevant until day you sell. Number of shares is what is important.
Been a holder for 3 years. Missed many opportunities to trade. I to, have some mortgage and grocery money tied up into this. But, He will provide. He always gives us what we need and not necessarily what we want.
The same. Holding period starts on purchase date and the taxable event happens at sale. The only difference with a margin account would be that there may be some investment interest expense that may be written off.
Just remember: the good thing about paying taxes is it means you made money!
I am an accountant by profession and do seasonal tax work. If shares are in a regular investment account the tax liability is created at the time of sale regardless of when the cash is actually moved out of the account and there should not be any penalties coming from a regular account as all dollars used are after tax. Your broker will send out a 1099 at the end of the year reporting all sales from the account. The holding period is when the shares were first purchased. If less than 1 year, then any gains are taxed at your regular income tax rate. If the sold securities were purchased 1 year or longer, than the gain is taxed as a capital gain. Keep in mind that if you have been trading a security for a while, you may have sold off your long term shares and may be dealing with shorter term ones depending on whether you choose lot identification or FIFO (First in first out) for previous sales. I believe the default is FIFO, when you sell, you sell your oldest shares first.
NOTE: This is intended as general information. Consult your personal tax accountant as everyone's situation is unique.
Thank you, your presence here has been a blessing to many of us.
I was watching level II on trade architect from TD Ameritrade during the closing and never saw the bid go lower than 4.55 and those 2 sales came through. Must have happen faster than TDA could keep up.
Pretty reassuring day, but can someone tell me how there can be sales below the bid after the bell rings?
I am wondering if we as shareholders have any sort of grievance against the board and Palm Desert Management for breach of fiduciary duties.
I was looking at the past reports to get a feel for the date of the next one(they have consistently released on 3/31). I was looking over the debt section and wanted to cry.
The note payable originally for $335k has the convertible feature for the principle portion at a rate of $.0025 per share. As of the last report there has been 38.5 Million share converted on this debt. Guess how much principle has been reduced? $92k. That's right the balance was $243K on the last report. That's about 472% interest. Talk about usury.
Let me know if I am understanding/calculating this wrong.
Then there is the Related party payable where Palm Desert pays for the operating expenses and the terms of the shareholder loan have the same conversion rate for principle.
Jacob Thomas and Gene O'Brien, Can I pay some operating expenses please?
This is right from the prospectus for the DSPP. it seems to protect from that scenario.
"Investments in excess of $10,000 in any month or an initial investment in excess of $10,000 can only be
made with our approval of a “Request for Waiver.” See Question 13. The dollar limitation of $10,000 and the approval
of the “Request for Waiver” for amounts in excess of $10,000 do not apply to Unit purchases."
Does this indicate that the financials might actually show revenue? That would help the pps a little.
I thought this link was pretty interesting.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=112338013
"The company is based in Tijuana, Mexico. As of November 28, 2017, Grupo Richard Y Lange, S.A. De C.V. operates as a subsidiary of Full Alliance Group, Inc."
Just bought some more units! Glory be to God.
Full year 2017 results conference call announced for February 27.
https://www.asx.com.au/asxpdf/20180209/pdf/43rgh8rjpfv8z0.pdf
I am beginning to think I don't have the stomach for the OTC.
The Last PR came from Ramon on January 10. That did not impact the price as we all hoped. I am holding until the annual report. Need to see some revenue and a fat balance sheet.
I have been creeping on this board for a few months now and find myself with a significant (to me) position in this company. I would like to give my take on what I see.
The value of the Groupo Assets were $286.1 million in June of 2016. This was the value of the assets only. If we look at the PR from November, it states that "net equity of over $40 million" The Grupo acquisition had to come with a significant amount of liabilities in the amount of about $240 million. This also makes sense in regard to the purchase price for Grupo.
The question is what is the nature of this debt and will there be cash flow to service it.
If we take the a/s at full dilution (and how many companies issue the full authorized amount?), I see a book value of $.13. This does not factor in any future cash flow from these assets. At current o/s (I think is about 37 million shares) that values it at $1.08. Again without any revenue factored in.
Cash flow from revenue sources is what we really need to take off and not cash flow from financing. I am looking forward to the annual report to see the nature of the debt and the revenue that we should be seeing now.
It was nice to have verification of the Grupo deal with the letter from Ramon. The Wincon and DiMora pods deals are a bit suspect. Hopefully we will see the promised revenue from the Wincon deal on the annual statements, but they are not listed on the website any more. As for DiMora, the deal was canceled during the Due Diligence Phase and was reported on one of the quarterly reports.