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You may not know this but you got me to buy this stock,I followed your posts and then researched Goro.More than doubled my money.Nice call.More than made up for Eldo.
Good company,but they were out of money and had to pay their bills,$2.50+ discount though seems high.Need production soon,been burning through cash quickly,which is understandable at this phase.Wish Houthschild would of bought more and at a premium.Seems like they are gaining control,piece by piece and getting a discount with each and every purchase,don't companies usually sell out at a premium?If they emerge as the owner what will happen to the dividend?They might use it for there other properties.It would sure be nice to get a dividend in solid gold,wouldn't it?
Do you believe his answers?Where is the 8 cents?Why doesn't PIP ever work?Why does EDEP own absolutly nothing but a computer?Have you ever seen anything in writting about terms of leases ect.Why wasn't Mesa even tested?Everything was in place.I could go on and on,what happened to the 3 Neb wells,and if any one believes his inside info why aren't they buying ,he said 8 cents thats 1000% gain from here.Why didn't he tell us that the Revrese Split was comming,when I said it was?Did he tell you another very large RS comming?
You were right.Just like we all know there will be another RS.JMHO,Oh,it doesn't surprise me no one in OK.knows Tom,Tom doesn't even know Tom,he can't even keep his stories straight.Just tell your friend he found a new shallow gas field and drilled 50 wells and got 3 times the well head price in 1972.Of course his bio says he started in the bussiness in 1973!I can't stand a liar,and if he was a qenuis[self proclaimed] he should of kept the Cliff notes in front of him.Liars need to keep to the script!Be vigilant,and if you see a David,Tom,Larry or any combination of the 3 names start a new company warn others,I will.
Hope you have a discount broker,otherwiswe if you give me 14 dollars I'll take them off your hands.LOL.No,I do feel sorry,and hopefully you can recoup on another stock in the new year.Best Wishes.
Look at today's sell.The owner had to actually pay the broker to get rid of his shares.Not only were his shares worthless,but he had to pay,to give them away!LOL
I quess it's like Bill Clinton said "depends on what the meaning of is,is?".LOL,But when the $1.24 div debut, it was based on 34.95 mil shares out, now there is 46 mil,thats about a 32% increase and if the money has ran out,maybe another 5 to 10 mil will possibly hit the market.JMO.That's a lot to me.But one caveat here is that gold was at $650 it has risen substancialy,So all I'm saying to someone with better math skills,what is the majic number now for production?Glty
Very insghtful,there will be no gold this year,and it was perfect timming;in the view that gold is down about $100 over last few trading days.Watching many gold producers today and they are down.I think someone should rerun the numbers to see how many Oz's of gold need to be produced to pay the dividend at 1/3 investment,1/3 tax and 1/3 div.Outstanding shares have increased dramaticly.Still,believe long term it is a winner,and maybe a big hit,could be a happy New Year.
Sub penny again,get ready for the next sub penny reverse split.It is so easy to be prophetic with this stock it's like deja-vu all over again.Now does anybody believe his hyperbole?Face it;Tom knows a scam when he sees it,and working it till the money dries up,is how the game is played.Right!JMO
Wildcatter aka "The Mensabater",stroked his brain for one last time,told a tale of selling shares for 8 times the market price,this genius's logic proved as profound as alchemy or Pip,both fables.This large brained homosapien devised a new math scale,a new calender called time line cotinuium,perfected perpetual funding,all for the benefit of the true believers.But people got tired of the Tom foolery and said does 1 + 0 = 8 cents,does 70+% sucsess rate = 0 producing wells,[Tom's math],does a Jan. start date mean Sept.and what, this year or next.Rig is on the way[time cotinium],all,100% of investors are current,I have 3 firms ready to secure financing,never will you be able to buy again at 22 cents.[check is in the mail].I drank the koolaide but it wasn't a lethal dose,warned others and hopefully we will hear no more from tom,david, or larry[the 3 stoogies],and if we do cover your ears because the sirens song is hypnotic.
I think today is great,it has held up remarkably well and that should give everyone confidence that when production begins this will be takening off at higher levels.Of course I was hoping for a big pullback to rebuy,my bad.GltyA
I've watch many 100%+ gains go away,I have cashed in one here.I'm watching and if it becomes affordable again I'll buy.Remember,they will increase shares,are losing lots of money, everyday,and haven't produced any gold.With 46.1 mil shares out and an increase comming; at 10 dollars a share they are valueing the company at 1/2 billion dollars.I'll wait.But I don't think holding is a bad idea,if managements plans come together say in the next year or so,you'll do well.
Goro is holding a lot better than I expected. I thought 50cents to a dollar lower,Oh well if it don't drop I still doubled my money,just got out a little early.But I still think an announcement comming on raising funds,which could be negative.Glty
Yes,and watch the drop today.They need money and will increase shares,and haven't produced an ounce.Yet,I like the company and will buy back in the 7's.
Yes,we will see sub cent by the end of year.It will also reverse split,these are easy predictions,it's like deju-vu all over again!The next RS will be alot worse than the previous 50 to 1 split,I'll venture to say 1000 to 1.Enough to make it worth buying this empty shell and saving the fees associated with starting a new company.Gaming,oil, and next a gold company using an enhanced PIP.
The quarterly report is out,so if you go to their web site and click on investors, then sec filings, you can read the report.I see that they had 7 mil at end of Sept. and had lost 65 cents per share for the period ending Sept 30th.Cash burn rate was high and it is concievable they have went threw it all,need production soon or the 45 million shares is going to grow.gltyJust went thru the numbers they burnt up 29 mil in 273 days{3 quarters]so yes they are burning up a lot of money and those fiquires would show nothing left unless they raised more money since Sept.30th.
You sly fox!You are probably buying now and going to sell at 8 cents also!
You are right!Never any substance just fluff and I mean a lot of fluff.Eldo's investors were always keep in the dark and feed plenty of manure.And Tom grew some very large mushroons,and I don't think he has run out of bullchit to feed them!LOL
If he wouldn't grand stand and tell us false claims I wouldn't pick on him either,but just like 3 weeks ago when he said no shares will be sold for less than 8 cents and they will be sold into the market and he already had one firm and another 2 ready to co-operate,it just gulls me that he thinks anyone would believe that!Pay 450% above market,plus again the grandios claims that each well could bring in 150,000 dollars with 12 offsets thats 1.8 million dollars a month,another acorn for the squirrils.No data as usual,like 3-d seismic,comparable wells nearby,formation info,he didn't even say based on a strong PIP,which he didn't tought this time,I quess we have had too many strongest signal evers from PIP and barely hit dirt.A stand up CEO he is not,and secrecy surronds all aspects of Eldorado,even when you try and find out the simplest things like shares out,he gags the transfer agent,not the integrity you would expect when you invest!Glty,and I see another reverse split of at least 25 to 1.You can't trade at sub penny,so there is little choice.There looked like an imbalance today,I seen sellers but no buyers even at .012.
I think today's trading confirmed that only a few hundred dollars of Edep can be dumped in a day!One guy sold $500 worth minus commissions totaling 25,000 shares;second trader sold 400 for .012 cents,and then the last sell of 20,000 shares at .012 for a total of $240.If you sold more than 2 grand "IMO" you couldn't get a penny.It will trade sub penny again by Christmas!At least that looks more plausable than 8+ cents some qenuis predicted.Mine is an opinion,Tom stated his as fact!
I agree,and now that no one makes a market in EDEP and trades are scarce it would be extremely hard to prove,plus even though Tom owns 8.8% of all outstanding shares,he can raise some money,but basicly any large block sold would totaly destroy the 2 cent sales that are takening place.So if he wants a hundred dollars here and there fine;but other sales,say one of 10,000 dollars would be IMO impossible to fill.No buyers.
I think you have an electrical short.LOL,Glty
Well,it's been 2 weeks since,"expect an announcement in a week or so" quote.Anyday will should soon see miilions of shares trading at 8 cents?
Quess I should of held.Oh well a profit is a profit.Gltya
David Thomas Lawrence,His Bio on his web page says he has been in the bussiness since 1974,but his recent post says he raised the money for a new shallow gas project in 1973,so maybe he started earlier,he hasn't decided yet.LOL,he has trouble with facts.
I sold,couldn't resist the double I made.Believe that it has run a little ahead of itself.Good stock and will buy back in if we get a correction.Still not a producer,may see some start up difficulties.May get a second chance then.GLTY
Tom says maybe he has investors lined up!BS,and maybe he doesn't have investors lined up!Either,you do or you don't!Also he says the shares he owns will be converted at 8.8% of total shares outstanding at time of conversion.So he wouldn't care if there is 5 shares or 5 billion shares out;he will still get 8.8% of total outstanding shares.Also,what BS about OK.,that field was discovered in 1916 and well head price was not 50 cents in 1973 and I can't find the 50 wells drilled,When?.Tom just makes up facts.The only way he will get 8 cents a share is if he RS's again.You will lose!Tom will get paid,and still convert at 8.8%.You don't have to believe me.Do you own DD.Also 3 cents a share again today,only 15,500 shares but add all the 3's and the 1's in the past 2 months and tell me how this Mensabater can get 8?He was doing more than twiddling thumbs he was perfecting his pocket pool.
Only Tom can double the shares outstanding and then feel he can more than double the price asked and get it!Of course this genius thought he had a machine that could hit close to 3 out of every 4 wells.He has raised zero dollars in 3 months since the 504 and I expect him to double that amount in the naxt 3.LOL.Also in 1973 he did not get 50 cents at the well head!Maybe 22 cents but of course Tom doubled the average well head price,cause he is Tom.Make up some more facts.None have been accurate yet!I worked for Columbia Gas in 1972.
Tell the truth would anyone pay twice the market price?Is Roth transfer donating their services?Why,isn't anything in EDEP name?Is the $182,500 loan due,paid?Can you follow through on your statements?I've seen many pie in the sky statements and absolutly none come to pass!Why do you gag and stop the real DD that people do to collaborate your statements?Thomas doubted and I doubt your credability,and your no messiah!Now,do you see any reason for me doubting you?Fool me once shame on you,fool me twice, shame on me;and the number of times you have fooled shareholders is much greater than twice.I don't own your stock,I'm not your fool.And if I had a nickel for everytime you say wait and see,I'd be a rich man.Good luck to you!Cause there is nothing but luck going on here!
Maybe,I don't get it.EDEP is going to ask and get over open market price!The transfer agent and promoters don't get free stock for their time and services.Nice guys!And 504 shares will be sold into market and the price will do what?LOL,Can I call the transfer agent and visit with him?Remember this is going to be a fully reporting company by,Oh,last year!Wonder who said that?
Well it has been three months since the 504 was promoted and not one dollar yet!He says when EDEP gets a few hundred thousand in the bank,they will drill in Texas,at.03 every dollar is 33.33 shares,that's not including the free ones going to promoters,stock transfer agent,paying off the note due this year,ect.I could easily see many millions of shares being issued,if it gets funded at all!Can another 10 for 1 RS be far behind?And your right as soon as the restricted period ends if there is one,[three ways a 504 doesn't need to have a restriction on sales]these people will want their money and sell.Is Tom's going to recieve new preferred?Be nice to visit with the transfer agent in Plano,TX.Maybe this fully reporting company has ungagged him.
As I stated before the 504 hasn't raised any money as of yet.The amount of new shares issued hasn't been disclosed,the new fund raisers are going to get a mint{in new shares}to find and place EDEP shares.The preferred shares,wow,who knows how much Tom is keeping this time.So I don't see any drilling even though they're lots of stacked rigs,till all fianacing in place,could it happen?Very doubtfull any drilling till late first quarter of 2010.Just an opinion.Watch out for the dumping of shares upon any news,cause thats how these fund raisers get paid.
Well, it was a gamming stock when that was the in thing,then an oil company when that was in vogue,how about a gold stock?The new CEO wil be Lawrence David Thomas.Larry will treat us right.After another large RS.
Eldorado doesn't have any new money.They are looking for some?Right?I didn't see any mention of recieving any funds also,how many perferred shares?Is the 10 million shares going to be a 1/2 billion again when Tom sells the perfered?Also how does a company raise a million dollars when it's value isn't a million dollars.Tom needs to answer the perfered question,so people can't complain about his new 40% ownership in the company,just thinking out loud.
At least you can feel better now,admission is the first step to recovery,and all the people you strung along can begin to forgive you,Oh,.0003 another 25% drop.I won't wait on that divedend check you promised either!You want to make a side bet on a Reverse Split,quess you wouldn't leave board anyway,so why bet,you'd still be here pumping away!LOL
Top did you say you would resign as moderator or are you lacking in integerity,just answer yes or no!Did you say we all would be collecting a 4 dollar dividend answer yes or no!And finaly who are you Tom or his ?Can you even tell me what permit number or even county next well may happen in?If not do some DD!
In the real world succsessful oil man who have spent their entire lives in the oil field would invest some of their own money in this too good to walk away from well in Texas.Just to the prove the naysayers wrong!But Geo who has found numerous new oil fields and brought in hundreds of wells and Tom who's worked for various oil companies can't round up $25000.A sad state of affairs or maybe using OPM is how they got to this ripe old age.You think proffessional oil men would of made some contacts in this field and be able to fund a too good to walk away from project.Maybe no one believes in the hype,maybe using OPM year after year and bringing in nothing means,they have burnt every bridge behind them.
A 504 allows for up to 1 million doollars to be sold in shares in a 12 month period.Thats about 2 wells.But about 2 trillion shares,better check my math.lol
Did I get the dollar amount right?LOL,thanks,that complicated math has always baffled me.Quess I just don,t have much experience on that side of the decimal point.Thank God.
700 hundred thousand shares purchased at 4 thousands of a penny!$280 Tom must be raising funds.