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Peach,
My understanding is that we have lots of equity not cash flow.
Our equity should eventually be converted to cash flow through
sales and aquisitions. The CEO will determine the best deals.
RJ
Drill,
Duh!, Sorry ... you mean close the deals.
RJ
Drill,
Why would you close profitable companies?
RJ
Gemini,
Yes,
If Shares were being used as part of a negotiation.
This should not be to scary if it is shares for a profitable equity position.
RJ
Also, I believe the dilution is for the purchase of the companies.
RJ
Drill,
I cannot tell you if they are worthless or not. I did call
Ree's office last week and when he returned my call he did tell
me about the PR that would be comming this week about the Shares dividend. He also told me that Cementers and Teams are still being pursued.
I do not know what is true or not so I did not post. Nice to see that at least the PR came.
RJ
Mac,
I would wait till the 8th and meet you, how-ever I need to hop a boat in Miami. At least Pizza does not have to make Tear drop pizza anymore!
RJ
MAC,
Pizza will have lots of company. I will be there Feb7.
RJ
Pizza,
Jerry does not want shareholders anymore. It is to difficult to build a business and try to please shareholders with PR's
and phone conversations day by day. He does care about most of the shareholders and that is why a few months ago he started this process we are in.
I have cautioned the mouths of many here and would not be surprised that it comes back to bite them.
My take, If I am wrong so be it. See ya next week.
RJ
PS I will take my wins or losses as they come. Greed has
been our creed.
PS For those quick to respond....Bite me. You called me a
Basher last year!
Geno,
I was in Florida over Christmas and will be there again in Feb.
Great place to get warm!
RJ
Echo,
That is now being sorted out. We have lots of assets VS Cash.
What had happened was what someone predicted on this board. Expanding to fast.
RJ
Gemini,
I am with you on not being "giddy", but when everyone was pumping, I was trying to be cautious, now the other extreme is happening and once again I think caution is in order.
We are adults and need to not reach the extremes on either end of this. I do not like pumping or bashing, how-ever we need to
learn facts and proceed with the current situation. For me this is about my investment.
I am hoping we can get realistic here in lieu of extreme.
What do we have left to work with? Where do we go from here?
We need to learn about the "turn around CEO", then decide how much we trade after "turn around" and how much we hold into the hand off to the new CEO.
From what I have read Mr Papaleo is a turn around CEO to ready the Companies for the permanent CEO.
Mr Papaleo believes this Company can be turned around. He feels it has the asset value to make aquisitions. He has a lot to sort thru to make this happen.
It is so funny that six months ago we would not listen to caution, now we need to do DD and find the real story here.
I was not going to post anymore, but I do care.
You have great IHub leaders with DFD and Strongus, I will do my best to crawl back into my occassional post as in the past.
I also am down approx 99% $ 25K + or -
The week after next I am going to go see "Pizza" and have him
make me a "Tear Drop" 1/2 Vegatarian and 1/2 Barbaque chicken Pizza just to make me feel better!
RJ
RJ
Rag,
Just to let you know, Pizza is feeling real bad about this.
out a here,
RJ
Hey folks,
I still remember the days when most of you called me a basher!
So funny!
I am neither Pumper or Basher and never was either! I shall
refrain from contributing if that is the desire. I did not intend to give false hope.
later,
RJ
Strongus,
Didn't the PR say they were going to do this.
I am anticipating we are going to find out about the assets.
RJ
Thanks,
RJ
Wildbill,
I was not putting anything in your mouth, just conversing
and trying to share.
Just being a realist. I was called a basher several months ago
when I was being realistic. Now I am being realistic again and .........
If no-one wants me to share, just let me know. It will be fine. I just cannot understand all the Garbage I hear when all I do is pick up the phone and call and my calls get returned.
with much respect,
RJ
Wildbill,
I just got back from lunch. My partner said Jerry called while I was gone.
Jerry returns my calls so I do not believe he is hiding.
If we discuss things with civil tongue I am in belief that he
would return others calls also. I do not believe he is any
happier than us....ever get caught with your .....in a wringer?
RJ
Mill,
That may have been Jerry's opinion, but ........
see what we have got. I am not selling into them. If I am wrong then so be it. I do not think Jerry can control the market as everyone seems to think he can. I do hope he controled value.
I will wait and see at this point.
RJ
Mill,
Isn't that what Mr. Papaleo does is turn around companies, do mergers and such.
RJ
Vinny,
I just got off the phone with Jerry a few minutes ago. He was on his way to traffic court to fight a ticket. He said what he is doing is for the shareholders. The reigns are turned over to Mr Papaleo a turn around expert. There is value and Jerry is still a stock holder. Jerry's shares are restricted.
He is going to call me back again in an hour or so, but he cannot discuss anything that has not already been made public.
Jerry's opinion to the lower PPS is panic selling.
RJ
Sleepin,
I do see some benefit from the weak dollar, but it is short term. Alternative energy, fair trade in lieu of free trade,
simplified tax system etc would all help. I live in Michigan
where the economy is devistated in the East and Northern portions of the state. The numbers are misleading on the unemployment rate when people have been unemployed so long they have fallen off the system. Realestate around Saginaw can be bought for a fraction of the Value it was several years ago. Foreign investors from England that I have talked to said they get a double bonus buying in US right now. Not only does real-estate cost much less here but the dollar allows them an additional benefit.
Truth is I have an opinion whether it is the right one is just speculation.
RJ
Sleepin,
A cheap dollars allows our Manufacturing, Realestate etc.
to be bought out cheaply. It is an erosion of our equity in
the US.
To protect Mfg jobs in the US we need fair trade in lieu of free trade.
My opinion,
RJ
TR,
OT
We have over spent, so the Feds want to fix it by our spending more? Let us take our Medicine...get our equity back and have a strong dollar!
I do not want the $ 300- 800 they want to send me!
I want the dollar back!!!!!!!!!!!!!!!!
An opinion,
RJ
Grey,
Jerry is not hiding. If he was ...why would he take my call.
He could not and would not discuss anything that was not in a PR. He also said he did not appreciate the lies about him on
IHUB and was done reading it.
It is my take (Guess) that building a business, trying to appease so many shareholders and worrying about the PPS was a little much for him. When I asked He did say he had broad sholders and could take it.
I am not into Jerry said this and that, I am just sharing my
take on Jerry hiding. Take it for what its worth.
I have no details to share. Jerry would not share any.
RJ
Forest,
Give it a week or two.
If PPS starts turning around, you should feel better.
RJ
Forest,
Correction....Once a Marine- always a Marine?
I think we have dumping by people wanting out. Once the dumping is over I think we will be fine. There should be
people coming in speculating on the financials that we will see in a month. I would think the financials should be positive due to owning Assets and a profitable Entertainment
Company. I am not sure a pinkie would show Financials if they
were not positive.
Would'nt someone kick themselves if they sold now and read
a Positive financial statement 30 dayl later!?
Everything is a Gamble, but the odds are .......?
RJ
Wild Bill,
Is 4 mil really that great of volume at the present PPS. I think things will turn around. Let the news sink in and the DD prevail.
"It was peoples first thinking that got them in" Their first
thinking was Oil! Now it is Entertainment. We need to find
out what the profitability is. The PR did claim we purchased a profitable company and still have RGNO assets?
Just thinking? I want to be careful before I sell my shares pre-maturely.
If I am wrong...which could be but I doubt it, I to will have lost a lot of money.
Just thinking,
Strongus,
I still think the PPS will rise. I think we are seeing an exit of those who want to remain in Oil plays. In addition to
that there is fear selling.
I think over the next month we will see an increase in PPS. The PR did say that Financials will be available in approx. 30 days? What does that mean?
Just my thinking,
RJ
King Vegita,
I am long and never have sold a share in NVMG as in many other
of my small O & G Investments. Do you think that if NVMG stalls it could end up being a reverse merger shell as what seems to be happening in RGNO and possibly WRNW?
Would that be good or bad in your view?
RJ
Thommy,
Maybe he was employed as an interem CEO?
RJ
Kat,
Thanks, Like I said just a straight question about two rumors.
I appreciate and accept your answer.
RJ
Kat,
As for being on topic, my questions involved you, your Dad and Jerry, That would be very on Topic for RGNO.
As for your answer no, I will accept that due to the fact my
information came from a couple of rumors.
RJ
Hey Forest,
I am personaly guessing as my posts have probably already pointed out that Jerry struggled and we got lucky with
the pass off to the entertainment company. (speculation)
OT
It was 3 degrees with -15 windshield this morning. I came to the shop to work on some bids. Reading the last two days of posts have comsumed my morning so I guess I will be working a little later than I planned.
I will be going to Grayling to a private lake for some Ice fishing next week-end. I will fill you in my my good or mis-fortune. Will be first time this year for my boy and I.
I have not even been to my cottage in three months it is in another area of the state, but I hope to get there also.
If you want to read about a huge ice fishing festival in Michigan check out Houghton Lakes Tip up Town on the Web.
Remember, if you want to know how wise a person is....
The question is "what is Jesus food?"
RJ
Strongus,
Thanks, and maybe up to two weeks. Then I will be on the accountability board with you.
RJ
AVXN,
I am believing the O & G assets will probably be sold or traded to the benefit of the new holding company in which we are now the owners of?
RJ
Kat,
Can Vengeance make us feel that way? Knowing how straight
to the point you are, I thought you would appreciate the question.
RJ
Gemini,
I would be very careful about stating such things on the
Web. How would you like getting caught causing premature trouble for Jerry and Co. just to find out as they struggled,
they tried to save coin for us.
I do not know this to be, but I warn we are dreaming up Idea's very premature due to lack of knowledge at this point.
If you do decide to let out the dogs, please wait until we know it is appropriate and then do it with self respect.
RJ
Kat,
Maybe I am wrong, but have you and your Dad been involved with
Jerry before? Maybe I am remembering things wrong.
Please fill us in, I do not want to say anything incorrect.
RJ
Strongus,
I am thinking that we will have shares in one company only.
The new holding company would own everything RGNO now owns
and its adventures?
An opinion,
RJ