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Must Have Been A Company Buyback.
A total of $882.00 (sans comission) was spent on a stock that has no volume and hence NO LIQUIDITY.
To a regular investor - a junk stock.
No press releases.
Tight lipped.
No 10q's or 10k's.
No revenue or income indication.
All this tells me APRO Corp doesn't have the need to raise funds, via equity dilution, and are making it on their own. If they are in a buyback mode they would want the stock price to decline.
Why spend money on press releases, audited 10k (expensive) just to benefit the shareholders?
Eventually APRO will have to deal with the long investors.
2 Trades Today; Still Not Too Excited. APRO Up 391%. Ask Up To $.006, But Bid Drops To $.0013. Who Bought At $.0059? Maybe Megadeth found out something.
Ok 180,000 shares can get a little exciting.
Don't Get Too Excited: 1 Trade For 60,000 Shares. But 141% Gain In 1 Day May Show Up On Somebody's Radar. Nice that bid/ask both moved up .003/.0059.
We should be valued at $.30+ in case anybody is watching.
Reread my post 13545; I redited it to add info.
BGOI Was A Gapper This AM By .0002. Gappers Are Always Bullish.
Also, need 3 finish up days to really confirm a "new leg" up has occured.
So far, of the 19 trading days in 2011, we are on schedule to have 16 green volume days; more buyers than sellers.
Just A Daily Recap:
The candlestick pattern for today, Jan. 27th, shows another BULLISH Homing Pigeon. This is per StockTA.com's analysis. Here's their short(30D), intermediate(60D) and long term (90D+) analysis:
Analysis Overall Short Intermediate Long
Bullish (0.46) Very Bullish (0.51) Bullish (0.44) Bullish (0.44)
Here's another analysis by INO.com's Smart Scan Chart Analysis:
GAS (NASDAQ:BGOI) Uptrend
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BGOI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Wednesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending January 22nd
+30 New 3 Month High in January
+85 Total Score
Also, of special note, there have been 18 trading days in 2011. BGOI had 15 green volume days and just 3 red volume days. I would have to agree, with PimpingonWallstreet, that a new up leg is about to hit.
The_Pro
Today's Candlestick Pattern: Bullish Homing Pigeon.
This analysis per StockTA.com- link:
http://www.stockta.com/cgi-bin/analysis.pl?symb=BGOI&num1=3&cobrand=&mode=stock
The definition per CandlestickTradingForum.com - link:
http://www.candlestickforum.com/PPF/Parameters/16_556_/candlestick.asp
HOMING PIGEON
Recognition: Similar to the Harami except for the color of the second day's body.
Pattern Psychology: The appearance of support in a strong down trend gets enough attention from the Bears that they begin covering their short positions.
MM' s Have To Provide Liquidity; If Someone Hits The Ask For 5000 They Must Provide That Much Only. AON's won't get filled if not enough shares avail.
This Is The Forwarding Looking Statement That Negates The Post I Referred. I Knew The Joint Venture with BSPE On The Apclark Exploratory (drilling commenced) Agreement Existed, I didn't know the primo details. This is what investors need to laser focus themselves on.
Post it with a Stickie so all newbies and oldies can find the solid reason to be in.
The_Pro
People Should Be Aware Of This Post:
BGOI sold its only producing wells and leases and has no on-going revenue stream. Please note, BGOI posted $68,565 in revenue for the 3 months ending June 30th 2010 from it's 2 producing wells they just SOLD.
No BGOI will not hit highs similar to USOG unless investors ignore the 10-Q filed by the company.
It looks more like BGOI is headed for bankruptcy as they have also defaulted on 12 notes.
BGOI 10-Q filed August 20, 2010 for the Period June 30th 2010
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7426095
SUBSEQUENT EVENTS - Page 16
Since June 30, 2010, the Company entered into conversion agreements converting a total of $131,875 of principal of the May 2008 Convertible Note into 52,750,000 shares of the Company’s Common Stock.
Since June 30, 2010, the Company issued a total of 8,000,000 shares of its Common Stock in conversion of approximately $20,000 of principal and accrued interest on its August 2008 Notes.
On August 13, 2010, the Company entered into a Purchase and Sale and Exploration Agreement with respect to the Company’s 25% working interest in its two producing wells, the Jackson No. 1 and Everett No. 7-1H and 18.875% of its 25% working interest in 1,253 acres of land held by production thereby. The Company received total cash consideration of $460,000.
Pro Forma Adjustments - Page 34
The unaudited pro forma consolidated balance sheet at June 30, 2010, reflects the following adjustments:
(1) Adjustment to reflect the $460,000 of cash proceeds.
(2) Adjustment to eliminate the net carrying value of the proved property associated with the Sold Assets and recognition of the net loss on the sale as if the disposition had occurred June 30, 2010.
(3) Adjustment necessary to reflect non-consent penalty associated with the Sold Assets required to be settled from proceeds.
ARTICLE I
ACQUISITION OF THE WELLS
I. BSPE agrees to deliver $325,000.00 (“ Acquisition Well Costs ”) to Bonanza , to be paid upon the acceptance and execution of and by the Parties of the Agreement and the Assignment and Bill of Sale of Wells . Such payment is for all of Bonanza’s right, title and interest in and to the production from the Wells . Bonanza hereby represents that its interest in and to the Wells is 25% gross leasehold working interest with an 18.75% of 8/8ths net revenue interest associated therewith.
II. Concurrently, with the payment of the Acquisition Well Costs set out in I. above, Bonanza agrees to execute the assignment attached hereto as Exhibit “B” (“ Assignment and Bill of Sale of Wells”). The Assignment and Bill of Sale of Wells is effective the first day of August 2010.
ARTICLE II
LEASEHOLD ACQUISITION
I. BSPE agrees to deliver $135,000.00 (“ Acquisition Leasehold Costs ”) to Bonanza , to be paid upon the acceptance and execution of and by the Parties of the Agreement and the Partial Assignment of Oil, Gas and Mineral Leases , as consideration for an unencumbered assignment from Bonanza of an 18.875% gross working interest with a 14.15625% of 8/8ths net revenue interest, attributable thereto in the Lands . The effective date of the Assignment is August 1, 2010.
II. Concurrently, with the payment of the Acquisition Leasehold Costs set out in I. above, Bonanza agrees to execute the assignment attached hereto as Exhibit “C” (“ Partial Assignment of Oil, Gas and Mineral Leases”). The effective date of the Partial Assignment of Oil, Gas and Mineral Leases is the first day of August 2010.
BGOI is in default on the January 2008 Notes
BGOI is in default on the May 2008 Convertible Note
BGOI is in default on the August 2008 Notes
BGOI is in default on the October 2008 Note
BGOI is in default on the May 2009 Note
BGOI is in default on the July 2009 Note
BGOI is in default on the October 2009 Convertible Notes
BGOI is in default on the November 10, 2009 Note
BGOI is in default on the November 30, 2009 Note
BGOI is in default on the December 2009 Convertible Note
BGOI is in default on the December 2009 Note
BGOI is in default on the January 2010 Convertible Note
Andrew C. Kiolbasa
http://www.linkedin.com/pub/andrew-kiolbasa/3/a91/587
Here's StockTA.com's Analysis On BGOI (Link):
http://www.stockta.com/cgi-bin/analysis.pl?symb=BGOI&num1=2&cobrand=&mode=stock
All indicators short(30D)/intermediate(60D)/long(120D) and overall are BULLISH. Once on the site click on FAQ to explain the analysis factors.
The numbers in parenthesis are normalized +- 1.
It should be noted StockFalcon stated this stock is strongest 2 months out plus or minus. StockTA.com backs this up as intermediate having the strongest numbers. He also came clean on the fact debt was a serious problem.
NO! We Didn't Have The Same Conversation.
StockFalcon talked to CEO Wiseman. I only reprinted his conversation.
The_Pro
Bigtoe, I Know Ack0605 Did A Good DD A Couple Of Month's Back On This Stock. It Doesn't Hold Now (it appears).
Hi Bigtoe, Glad To See You Here. Great Vote Of Confidence. To Board In General If Big T is here this stock Is a good looker. He doesn't pump and dump. Solid.
If you haven't seen this post I'm reprinting it for your behalf and to refresh others memories. StockFalcon has the best scoop (this is his post):
Here is my conversation with Mr. Wiseman...First of all I want to state that he did not divulge any specific future events to me but did give me a lot of information I sure you will all appreciate.
1. Yes, the company still exists and they are in business. He said 2008, 2009, 2010 were very rough years and that they accumulated a lot of debt...and that is why the stock share price has gone down to these levels.
2. The o/s has been unchanged for months...but was not sure of the exact number..However TA confirmed yesterday it was unchanged around 822 million. He has no plans for r/s or increasing the a/s.
3. The Black Sand Petroleum dealings are real, and they do have a (%) interest in the Apclark project... This is very important right now to Mr. Wiseman...and would not go any further on this topic....I asked them if there would be a buyout possibility, and he could not comment on that.
4. He is NOT interested in pumping the stock whatesoever...Frankly, I don't even think he knows what pumping is...a lot of these criminal Ceo's do by PR bs and diluting the heck out their shareholders then r/s'ing them...Having said that, I suggested that he update shareholders with News on the Apclark Project...He said he could not do that unitl Black Sands Petroleum says it's ok, since they own a majority of the interest there... Read the Jan. 11 Black Sands Petro PR...That project is just getting underway now...
5. The Damon Mound Project is another interest of theirs that is producing.
6. The website will be updated in the upcoming weeks with new information on their property interests, maps, shareholder info, etc...
Folks, this is real company trying to get back on track in the oil sector business in Texas..Mr. Wiseman has a lot of relationships with many other oil companies in the area...In fact, he will be in meetings all next week looking a various opportunities/drilling interests...As far as debt and financing...that is what basicly strangled the company to the levels where it is now...However, also next week they are look for financing means to pay back debt...This is important to the company as well.
This company is moving forward guys...unfortunately it may take a bit of time....but they are moving forward...Mr. Wiseman's clock is not on our time...it will happen soon imo...but he said when news is PR noteworthy he will update shareholders.
You can believe me or not I could care less...If you don't then just do your own dd....This is the 100% truth....So take it for what it's worth...
As of today, I still own about half my shares and sold half...I would be crazy not to take some profit along the way...I will be holding a core of my shares and see where this goes..I have a good feeling about this stock....I think we should file them away for a couple of weeks and we should here some good news on recent developments.
For those interested in my board for alerts to get in on the ground floor of some opportunities or just post you plays on there..... here is the link to it if you want to bookmark or follow it: Please read below:
http://investorshub.advfn.com/boards/board.aspx?board_id=19248
SUBBIES READY 2 GO ALERTS:
We will try to get out a least 1 Subbies Ready 2 Go Alert per week..So check back often and post your plays on the board below. There are 3 Alert Levels: HIGH(strong buy), MED(accumulate on dips), and LOW(hold, avg. down if shows signs of life and or and plan exit.)
(Please sign up for our *EMAIL ALERTS * at the link below)
investorshub.advfn.com/boards/chairmail_sub.asp?board_id=19248
1. EMLL - Chart Buy Signal at .0003 week of Nov 8, 2010---->HIT HIGH OF .0014 OR 466% ON NOV. 15,2010 (No current position)
2. AWYI - Chart Buy Signal & Company Fundamentals .0006 on Nov. 23, 2010---->Hit HIGH OF .0023 OR 383% ON DEC. 1, 2010 (No current position)
3. UWRL- Chart Buy Signal & Pink Sheets Compliant Paperwork Due Next Week & Possible Merger Update --->.0008 on Dec. 3 Hit .001 or 25% on Dec. 4, 2010. ( No current position)
4. VOYT - Low Floating Shell Play/Possible R/M on Dec. 9, 2010 at .0009---> Hit high .005 or 555% on Dec. 9, 2010. MED ALERT (accumulate on dips)
5. SPFM- Chart Buy Signal at .0003 opened at .0004 week of Dec. 20, 2010--->Hit .0005 on Dec. 20 or 20%. (No current position)
6. RPPR - Chart Buy Signal at .0017 on Dec. 20, 2010- Has hit high of .0042 or 242% since alerted. (No current position)
7. IGSM- Chart Buy Signal at .0014- Jan. 7, 2011- MED ALERT (accumulate on dips)---> Hit high of .002 or 43%
8. BGOI - Chart Buy Signal at .0007- Jan. 14, 2011 HIGH ALERT (STRONG BUY)--->Hit high so far of .0030 or 429%
Here's Ino.com's Technical Analysis:
ADR (AMEX:SSN) Strong Uptrend
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, SSN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending January 15th
+30 New 3 Month High in January
Total Score +100
The_Pro
A Due Diligence From Vector Vest:
Company Information
Business: Samson Oil & Gas Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in the United States. The company owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas.
Capital Appreciation
Value: Value is a measure of a stock's current worth. SSN has a current Value of $2.13 per share. Therefore, it is undervalued compared to its Price of $1.82 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. SSN has an RV of 0.87, which is fair on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.
RS (Relative Safety): RS is an indicator of risk. SSN has an RS rating of 0.81, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. SSN has a Relative Timing rating of 1.90, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.
VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. SSN has a VST rating of 1.35, which is very good on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. SSN has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.
OR
Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. SSN has a Stop of $1.40 per share. This is $0.42 below below SSN's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. SSN has a forecasted Earnings Growth Rate of 14.00%, which VectorVest considers to be good. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, as shown weekly in our investment climate report.
EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. SSN has a forecasted EPS of $0.16 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.
P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. SSN has a P/E of 11.38. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 47.30. P/E is computed daily using the formula: P/E = Price/EPS.
EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. SSN has an EY of 8.79 percent. This is above the current average of 2.11% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).
GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. SSN has a GPE rating of 1.24. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 3.92%, the operative GPE ratio is 0.15. Therefore, SSN may be considered to be undervalued.
Dividend Information
DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. SSN does not pay a dividend.
DY (Dividend Yield): DY reflects dividend per share as a percent of Price. SSN does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.
DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. SSN does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.
DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. SSN does not pay a dividend, so it does not have a Dividend Growth rating .
YSG (YSG-Vector): YSG is an indicator which combines DIV, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. SSN does not pay a dividend, so it does not have a YSG rating which is . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for somewhat below current income and long-term growth.
Price-Volume Data
Price: SSN closed on Thursday, January 13, 2011 at $1.82 per share.
Open:SSN opened trading at a price of $1.64 per share on Thursday, January 13, 2011.
High: SSN traded at a High price of $1.99 per share on Thursday, January 13, 2011.
Low: SSN traded at a Low price of $1.60 per share on Thursday, January 13, 2011.
Close: SSN closed on Thursday, January 13, 2011 at $1.82 per share. (Close is also called Price in the VectorVest system)
Range: Range reflects the difference between the High and Low prices for the day. SSN traded with a range of $0.39 per share on Thursday, January 13, 2011.
$ Change: SSN up 0.27 from the prior day's closing Price.
%PRC: SSN's Price changed 17.42% from the prior day's closing price.
Volume: SSN traded 4,601,621 shares on Thursday, January 13, 2011.
AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. SSN has an AvgVol of 667,610 shares traded per day.
%Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals ((Volume - AvgVol) / AvgVol ) * 100. SSN had a %Vol of 589.27% on Thursday, January 13, 2011
CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines.SSN has a CI rating of 1.60, which is excellent on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.
Sales / Market Capitalization Information
Sales: SSN has annual sales of 5,000,000
Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. SSN has a Sales Growth of 129.00% per year. This is excellent. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.
Sales Per Share (SPS): SSN has annual sales of $0.06 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.
Price to Sales Ratio (P/S): SSN has a P/S of 29.47. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.
Shares: SSN has 82,000,000 shares of stock outstanding.
Market Capitalization: SSN has a Market Capitalization of 150,000,000. Market Capitalization is calculated by multiplying price times shares outstanding.
Business Sector: SSN has been assigned to the Petroleum Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Industry Group: SSN has been assigned to the Petroleum (U S Explr\Prod) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
NBI poised the question can a 10% shareholder FORCE APRO MGMT to hand over company financials. Specifically, Gross Income, Operating Income and the all important Net Income (aka Net Profit). The Net income is where dividends come from. That's our income from owning APRO. The Net Income can also go into a bank acct (I forget what this acct is termed).
NBI is trying to determine if the company is doing so Great, where is our dividends? If not, why was it pressed released that APRO had $144 million in Gross billings. Was the $144 million released to "Pump" the stock? It did pump it temporarily.
NBI wants to see if APRO is for real. He's trying to force transparency.
By private, it means no publicly traded stocks, they delist from a exchange and YOU as an individual will NOT be able to buy the stock. Only corporate officers/directors and founding/beneficial shareholders will be able to own the stock.
Yes they can become private again. All public "float" can be bought back. Chrysler is a privately held corp.
Not sure what happens to us shareholders. I guess they could long term buy up all stock that becomes available. APRO mgmt could just wait us shareholders out.
NBI you can find your answer here (Just Answer Legal):
http://www.justanswer.com/new-question/select-your-price-t.aspx?tqid=84708676&oiov=1
Legal
A Lawyer wants to ...My Stuff
Hi ,
JustAnswer is asking me to answer your question -- "Can a 10% stock owner of a corp force a handover of corp f" -- because it falls within my area of expertise.
Please select a price you are willing to pay.
Amount you will pay IF you are satisfied with the answer
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I am not hungry enough to pay for the answer. Look at it this way NBI, if it can help the stock go up ( somehow) then it pays for itself.
The_Pro
B And C
APRO has never filed a registration form 10-12G. It costs 6 figures easily.
All the above costs money. It only benefits the shareholder. Besides APRO is in the buyback mode. Why would mgmt. spend money that only benefits shareholders and counters their motive to buy back their stock and become, I guess privately held.
Exobox was used to show the costs involved; this is knowledge I have from talking with the CEO. I'm making no inferences about the quality of that stock. Just a similiar cost basis.
Too bad we can't a copy of APRO's tax return. They won't lie there.
As far as SEC reporting goes they have not registered a 10-12G. That must be an audited submission. Auditors cost money. As an example I got off the phone yesterday, (50 minutes) with the CEO of EXOBOX (not recommended) and learned EXBX spent $130,000 on auditors the previous fiscal year. They didn't even get a tax filing with that. Their latest 10K was UNAUDITED via a waiver for severe financial hardship.
Press releases also cost money. Market wire charges $500 for the first 400 words. A knowledgeable individual on the board site (EXBX) said it's more like $3000 per press release.
I am in 100% agreement. There is no benefit, only a shell company. Where's tge $1.0 million. Also there is major deceit and fraud in the Ibox by the mods.
No. The Dec 1 8k definitely shows $1.0 million plus $615k NOTE.
The Dec 21 8k shows only the $615k note and no upfront money. Guess where they, EXBX, plan on getting the money. From the increase in the A/S. They'll dilute shares to get the operational money.
NO on the R/S vote.
Noticeably Absent In The Dec. 21 8k Is The $1,000,000 Up Front Payment.
The Dec. 1 8k shows $1,000,000 to be paid upfront. EXBX got nothing. Air.
To Those Whom It May Concern And Laser G.
Per my post I allowed for the inevitable dilution:
If equity financing occurs (dilution of O/S), then if the price sold exceeds your current price you have NOT suffered price dilution ONLY percentage dilution.
Here's An Excellent Example Of A Reverse Split: AIG.
Here's the link that goes into it's details:
http://blogs.barrons.com/stockstowatchtoday/2009/07/09/aigs-reserve-split-boosts-liquidity-for-shorts/
AIG did a 20:1 reverse split on July 1, 2009. The stock, in the low 20's tanked to under $10/share. THEN to my amazement, the traders got involved with the stock. The price shot up to the 30's then 40's hit $50+ and traded between $30 to $50. It stands at $57.62 today 12/31/10.
In EXBX's case a 15:1 reverse split will give a float of 18.6 million. At the current closing price today of $.0052 that will convert to $.078/share. Traders will be able to whipsaw this stock up fast since the float is ONLY 18.6 million at a low price of $.078 to work with.
There Are Many More Companies That Didn't Reverse Split and Went Belly Up Than Those That Did.
Reread this post I gave:
After the split, if there is no price movement you have neither lost or gained anything. You'll still have the same amount of money before and after the split.
Your percentage of company ownership has not changed. Your share % of float and O/S has not changed.
The change is the effective increase in the authorized share capability. If no authorized shares are converted, everything stays the same.
The higher pps will attract investors that are not interested in a sub penny stock. It will also allow Exobox the ability to do equity financing.
If equity financing occurs (dilution of O/S), then if the price sold exceeds your current price you have NOT suffered price dilution ONLY percentage dilution.
Companies could simply raise the Authorized Shares (through majority shareholder vote) and dilute in that fashion with no forward/reverse or disproportion splits.
Personally Cukjati is proceeding in a remarkable fashion; everything he is doing has the right ingredients for success. All appearances HE's on the ball. I believe the deal was a big one. The $ has to come from somewhere. If it's for progression of the company then dilution is excellent.
The_Pro
What's on Jan. 7? Shareholder meeting/voting Jan. 20th.
Ad lib note to all condemers: expensive people are cheap. If I were a top notch turnaround expert $168k would not be enough compensation. Investors want Cukjati to work for peanuts. Good luck and God bless you guys for fantasy line of thinking.
After the split, if there is no price movement you have neither lost or gained anything. You'll still have the same amount of money before and after the split.
Your percentage of company ownership has not changed. Your share % of float and O/S has not changed.
The change is the effective increase in the authorized share capability. If no authorized shares are converted, everything stays the same.
The higher pps will attract investors that are not interested in a sub penny stock. It will also allow Exobox the ability to do equity financing.
If equity financing occurs (dilution of O/S), then if the price sold exceeds your current price you have NOT suffered price dilution ONLY percentage dilution.
Companies could simply raise the Authorized Shares (through majority shareholder vote) and dilute in that fashion with no forward/reverse or disproportion splits.
Personally Cukjati is proceeding in a remarkable fashion; everything he is doing has the right ingredients for success. All appearances HE's on the ball. I believe the deal was a big one. The $ has to come from somewhere. If it's for progression of the company then dilution is excellent.
The_Pro
Is there any of the seven proxy questions you don't want voted on - Laserguy?
My position is to vote yes on all seven.
Thanks,
The_Pro
Disproportionate by 3:1. The authorized shares fall to 100,000,000 (5:1 reverse) whereas the O/S fall 15:1 reverse to 27,800,000.
To me that leaves room for dilution; good if for business building, bad if for board's perks and salaries.
It will remove the volatility (I guess) plus attract higher caliber investors.
Yep, ETMM is in there giving support. That's good you knew ETMM would'nt let it fall.
Nice chart you gave yesterday with the candlestick. It's painted picture perfect.
The MM's fooled me. Back up to .006. They sure wiggle alot.
Looks like EXBX gaps down this morn. 2 at .0045.
I can't see the MM's on the OTCMarkets.com level 2. It seems if the company is not registered (form 10-12g) they don't show the bid/ask. However my Scottrade has the bid at (.0031+ that's probably the best inside bid). This means the tick had a higher last 6 bids come in. If somebody has a buy order for $.0041 and nobody has a sell order in then the order won't get filled. Nobody is selling.
I was the one who sent an email to Marketwire. I recieved no response. That's why I never got back with the Info.
As your research info shows, $460 for national coverage shows that it is not the lack of funds on Exobox's behalf that they did not issue a press release. Exobox Mgmt. purely wanted the deal to pass shareholder vote before they announced it to the world. Boy how cynical shareholders can get. So dispel the rumor lack of funds caused no press release to be issued.
Just Ask These Questions To IR:
Cheyenne Resources Updates Developments on Joint Venture With Oxalis
BAKERSFIELD, Calif., Feb. 2, 2010 (GLOBE NEWSWIRE) -- Cheyenne Resources Corp. (Pink Sheets:CYRS), an emerging company focusing on major low risk exploration and production reclamation projects in the oil and gas sector, today provided the latest update on its joint venture with Oxalis Energy Group, Inc.
The company reported that, in phase one of their joint venture, it and Oxalis will focus on reworking 21 wells.
“What is very encouraging to us is that each of the 21 wells in this first phase are estimated to represent 200,000 mcf (mcf = 1,000 cubic feet) of natural gas reserves,” said Cheyenne Resources President Thomas J. Cunningham.
“Moreover,” he noted, “based on the high condensate associated the natural gas within this property, we will receive a 20% premium for the price of the natural gas production.”
“Six of the wells are in various stages of being reworked. These should begin producing within the next month, and announcements about their coming on line will be made. Following this, four wells per month will be reworked until the 21 total are completed.”
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products; pricing and new technology; changes in consumer preferences and tastes; effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production; and other factors as those discussed in the company's reports filed with the Securities and Exchange Commission from time to time, available at www.sec.gov. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Investor Relations Network
Tom Gavin
951-845-1112
irnetwork@earthlink.net
Where's the news of these gas wells coming on line Tom Cunningham? The news should have been out end of Feb. 2010.
Also on Dec. 16th 2009 you (Tom Cunningham) stated you would not be interested in OTC Uplisting such as OTCBB or better OTCQX but instead you were going to list on the AMEX. You can't even file a single 10q on time. There's nothing in the 10q's you filed.
CYRS can't even maintain a website on GoDaddy.com
Not to mention the corporate address is some home in Bakersfield, Ca.
I Have An Email out to Marketwire on the cost for a press release.
Timing is not good now in my opinion, the best time would be circa Jan. 7, 2011 when the stockholders approve the Definitive Agreement.
Yes, that's what I was referring to. As you can see they base that prediction on NO analysis whatsoever. What is their credibility (ie credentials), who are they even? Try to find their contact info. You can't.
The fundamentals will take a while to develope. News and momentum are the stock drivers at this point in time.