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I am not banking the success of this company on Yotty.
See you all Monday!
Darn right I am pumping! I own a bundle and I believe through my interactions with the parties involved we will be just fine.
Yes I would like some answers to as it never feels good when we are heading down.
We will get confirming news or Rees is in a lot of Trouble!
TULSA, Okla., July 17, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties and oil field services, is pleased to announce that its new strategy of acquiring successful companies in the oil and gas services arena and disposing of certain leases is progressing according to the Company's turn around strategic plan.
The Company released an open letter to shareholders from CEO David Rees on May 18, 2007. This letter stated the Company's objectives of identifying quality companies in the oil and gas services arena to acquire. Since that time the previously announced acquisitions have progressed nicely. In addition, the Company is pursuing strategic alternatives involving joint ventures with other public and private companies. All M&A targets remain viable and are scheduled to close on or before the end of August.
"I continue to be very impressed with the quality of business and strategic alternatives that are continually presented to us. I am more convinced than ever that we are poised to achieve our growth objectives through mergers and acquisitions. The only limitation appears to be our ability to execute quickly enough to seize as many quality opportunities as possible," said Rees. Mr. Rees continued, "The letters of Definitive Purchase are in hand and all funding has been identified. Further, WRNW audits are progressing and the company remains committed to move to a superior trading exchange as soon as possible."
Pretty hard to believe this is a scam. Alot of people would have to be in cahoots. do you really think cementers and Team are going to be a part of the scam as they have all verified things are going along as planned.
glta
Hang on.... leave the board and come back monday as there is nothing we can to about the current price except to load a few more to the pile.
Yeah some Typical bashing going on lately.Happens everytime we get good yet uncomfirming news. Just re-read the pr's since rees came on board. We will be fine imo.
GLTA 100% long with all shares I have purchased
You Go Tom!
Apology Accepted. Stinks doesn't it.
glta
wtc
My thoughts on todays actions is a lot of people are trying to load up for cheap and the MM's are accomodating them. If we would get some serious buying action we would be right back to .004
MM's on ask are as follows: 1@.0027, 1@ .0028, next is 2 @ .003 the 2 @ .0037 then the 4's.
Looking at todays buy sell chart...Mostly sells in the am, 1 big sell ~ 1.5m, then the buys far out weigh the sells from ~ 11am on.
I just wish I had something to sell as all my pennys are in the red big time!
GLTA
wtc
Very thin wall back to .0037
Yeah we own them, well, lease the property I believe, Now we sell the leases with the agreement that we will service them through our Team and Cementers aquistions. This is a very profitable and wise plan.
I feel fortunate to have found such a gem as WRNW.
As I have always said we have the goods. For those of you that have done your DD as, I you are content as I .
The day traders well that is another story. do it long here and you will be happy. The 10 minute mind will continually be disapointed here and everywhere.
wtc
Your nervousness is new to you and you are new to the board,,,Welcome.
This information is old hat to me. Read about these things months ago.
The expected PR next week could very well be some closure to the Cementers Deal...JMHO.
wtc
WRNW Partial repost From Yellowdog that is worth the read...
Billy Yotty, WRNW's IR person, said WRNW is done selling shares for these deals and that the shares given out for the deals will be restricted. He also said that to keep an eye open next week for a pr.
Partial repost From Yellowdog that is worth the read...
Billy Yotty, WRNW's IR person, said WRNW is done selling shares for these deals and that the shares given out for the deals will be restricted. He also said that to keep an eye open next week for a pr.
I wish I had some funds to scoop up the shares today!
YellowDog,
Thanks for the update on your call with IR , Bill Yotty.
Good things are going to happen as we all have been expecting.
Yesterdays sell off imo were just a bunch of short sighted momo's.
I'll say it again..Rees and the people he is putting in place are winners. We have the goods and patience will be a virtue here folks.
One year from now we could easily be at the 52 week high.
The Oil service industry is about to run hard.
I thought the PR was great in the fact that they are communicating we are moving ahead as planned.
Granted I would have liked to have seen one that said the Cemeters aquisition is done, and this is how it was funded and this is what we hope to achieve by that aquisition, but....It is what it is.
GLTA
Still Holding every share I ever bought here
wtc
Any idea when some news will be forthcoming?
Well we opened @ .0039, with 4mms @ .004 then the next @ .005.
time to take out the .004's.
IMO we see green today also as the momentum is picking up and many people are deciding to jump back in here.
I beleive we have a 10 bagger from here folks.
As per my conversation a month or 2 ago with Rees, he felt we should have a FMV of .05. Nice to know Our CEO has the vision to bring this company to be a viable O&G Player on the right side of the money flow.
The most recent PR's have been telling us we are on the move.
GLTA
wtc
.004 just printed!
Reply from IR
From: William D. Yotty
Date: 7/16/2007 11:48:02 AM
To: 'XXXX'
Subject: RE: WRNW
XXXX,
All is well, keep your eyes peeled for news over the next two weeks.
Have a great weekend.
WD Yotty
Yeah it has been bloody all over the last 60 days for me!
All this activity and we are not even on the top 50 of the "Most Read Boards" today! NICE
Nite is the only mm left @ 37 the we have 4 @ 38, then we see the 4's.
Bid is up to .0035
Lets rock!
The troops are gathering...
.0035 just posted! Our Time is coming!
The uptick has begun folks. Most all accumulation so far today!
The boat is loaded and ready to leave the dock. Once we get the confirming PR we will churn nicely throught thew penny zone on up to .03 and beyond IMO.
A penny & then some IMO. WE hit .016ish on speculation of what could be. Once it is firmed up fmv should easily attain .03 to .05 with the OS less than 1bil.
Next week could be a break out and run week for WRNW.
GLTA
wtc
Let's close it green boys...Off to the Lake for me today.
Apearantly we have bottomed out here at .003. We are still being watched closely by many here on IHUB. Once we get the news we will run IMO. Gets kinda of boring with nothing new to share!
GLTA
WTC
edit remove
Thats funny!
Thought this was worth another read. This company with the two others all coming to a close by the end of summer or early 3 quarter and we longs are some Happy F*&_(^'N Campers.
Well Renewal Signs Binding LOI With Midwest-Based Oil and Gas Cementing Company
TULSA, Okla., May 29, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, and oil field services, is pleased to announce that it has entered into a Letter of Intent to acquire a privately held Midwest-based company specializing in cementing services for oil, gas and water wells.
In operation for over ten years, the cementing company is a highly regarded oil well servicing company providing cementing and acidizing services to independent and small and medium-sized drilling companies. The company's operations are modeled after Halliburton, where most of the senior management was trained. They are a very well-respected company in the energy industry, with a secure customer base. Annual revenues are in excess of $8 million, with net margins of over 30%.
David Rees, WRNW CEO stated, "We are very excited about working with this outstanding operation. The founders have built a tremendous business, and we are eager to work with them and assist them in growing the business. We are thrilled that the entire management team will stay on and be highly motivated to grow their core business." Mr. Rees added, "This business fits very well with our revitalized strategy of acquiring solid oil and gas businesses, operated by competent business people who have the highest integrity and motivation to continue working as part of a continually growing and great WRNW team".
WRNW anticipates entering into a definitive purchase agreement within the next 30 days and plans to close the transaction in the late summer or early third quarter.
Thats boat I'm in. WRNW hits 2 or 3 cents and 1/3 of my shares are up for sale to go to Hemi.
One of our posters Spoke to Yotty from IR, and was informed we should have a nice pr in ~ 2 weeks.
GLTA
Nice post Get on Up.
May have just knocked out the 31's? Come on 33's
I am expecting a PR within two weeks to confirm all we know on the closings of at least Cementers. Just picked up 750k more of the 1m order @ .031. What a gift, as IMO we will se .03 befroe September guys. Pick them up now or pay triple this price very soon!
That is a relative term...Yes the last 2 weeks we have been flat..the glass is half full.
way long here
glta