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My prediction is that this will all change 180 degrees in a week or so.
not to mention that legislation will direct hospitals and healthcare providers to the lowest cost solution... kinda like SGLN having the power to print money
More contracts are iminent. Great company helping to lower health costs.
Companies that supply hospitals, surgical centers, etc, are usually given a minimum of a one year contract.
The impact is that even if a company wants to change suppliers, they are locked in to this contract. As time goes by, more of those contracts are expiring and when they do ... BAM!
More revenue for SGLN. You would have to be a fool not to see this.
JJG,
It is sad and you are not alone in your thoughts or your frustration. ONCO is a pretty good business with a great deal of potential, but the business is run like a mom and pop company. This will never change until Dr W is gone. I greatly respect him, but he is no business man and that is exactly what the company needs right now.
Limited supply will provide a slight margin in share price, but the company will still be valued on income, reserves, cashflow, etc.
I don't think your theory will ultimately add much to the value of the stock. However, as a shareholder, I would like to believe so.
Can you explain (teach me) why the number of shares held by insiders matters? The capitalization is a simple formula of
# shares outstanding x PPS
As far as I understand, the number of shares held by anyone doesn't come in to play.
I am talking about it because someone asked... hence I gave my opinion, jsut as you have given yours.
It is true that there are many conditions needed to foster growth. I believe a share price that is attractive to investors and advisors is necessary and
$0.0005 or even $0.01 will not cut it.
Many firms won't even look at companies with a share price under $ 3.00
A reverse split kills nothing, unless it is viewed by investors as a sign of a weakening company.
The capitalization value of a company stays the same... just the shares outstanding decrease by a factor of X and the shareprice increases by the same.
Concern about any pink sheet or BB stock is warranted. I am a recent newcomer and have done some dd. This has resulted in my becoming a shareholder of about 4 million. This represents about $2200 spent, so it isn't a very large holding.
My expectation is that SGLN WILL need to do a RS to be listed on a major exchange.... now whether they will need to do one. That said, it does not take anything away from the possibilities that lie ahead for the company. They are in an industry where everyone agrees that the costs are way, way too high. This is probably the best advertising they couls possibly have. If they can provide the goods and services to even a few companies and establish themselves as a company that will deliver, they should have little difficulty in expanding their business.
My guess is that they will need somewhere between a 1:10 and 1:40 reverse split within the next year to make themselves attractive as an investment for main streem investors.
I'm betting they will succeed.
Compass, unless I am mistaken, ONCO did not issue a press release, so the information is known to very few. Had this been available on the wires, we might be looking at a very different situation.
As I said before, a buyout or change in management is needed for this stock to go anywhere.
Compass
Got tired of staring at those .0039s so I took them out....
Thanks for taking care of them. My guess is that others will come and take their place.
After years of waiting, I am coming to the conclusion that the only thing that will make this stock reach it's rightful level is for a buyout to occur. I don't think the company will change it's mode of operation until management with a different philosophy comes along.
The shame is that the company seems to have promise, but silence is a severe issue. There is absolutely no reason that any company having the financials that ONCO has should be trading at this level.
I am hoping that a larger, wealthier company sees the opportunity here and decides to acquire them. I never thought I would say it, but that is my opinion at this time.
Actually, all we need is oil. The rest will take care of itself.
This trading pattern is really rediculous. Who would sell 780 shares, unless s/he wanted to buy a chocolate bar?
Has anyone taken a look at ONCO's PE ratio? With a profit of $44.5K for the quarter, or (let's say) $178K/yr.
With 202,000,000 shares at $ 0.0017/share, the market cap is
$ 343,000 (incredibly low).
With a profit of$178K for the year, it is $0.00087/share with a PE ratio of .0017/.00087 or 1.95 (say 2). Double the price and the PE is still 4.
To have a reasonable PE, the price should be 10X what it is today.
What is wrong with this picture?... or is my math really that bad?
Unfortunately, it is unlikely that any new investors will be introduced to the stock without seeing official news releases.
The news has to go mainstream....
Excellent news Dr. Walker. I am sure we all are looking forward to hearing more about the company.
Thank you !
Who was it who let us all know that American Bulls had a hold on TECO? Whoever it is, being an honest informant, I am sure he must have missed that TECO was upgraded to a BUY today.
http://www.americanbulls.com/StockPage.aspCompanyTicker=TECO&MarketTicker=OTC&TYP=S
Craig,
I'll try to call you tomorrow.
BB
It looks like someone has finally lost patience and wanted out. I can't blame anyone for that position.
Hopefully things will pick up sometime soon.
I didn't mean that to be so pointed... sorry.
Market makers, like politicians are liars thieves and whores.
Spread is tight at .0035 / .0067
really?
Do you speak with Mike M, or is there someone else who is the source of your information?
A $37 buy. Changes the company valuation from $600,000 to $ 1,100,000
Amazing
Russian,
This is a pretty lame attempt. If Am Bulls was so bearish, it would be listed as a sell and not a hold.
Keep trying....
Thanks for the update. Can you share with us what the delay is?
BB
Then why send out any press releases at all...?
Thanks Curt D
Don't you at all wonder why, if as IR says, it is a typo, no correction was made officially?
Why wouldn't it be done through a release and not just given by phone to those who call to ask?
fmi81
Thanks for the reply. The last part of the question was whether the report issued by Paradise was on the same well that Treaty reported on. Do you know if this is the case?
Thanks again .. BB
Request for information
Could someone explain the relationship between Princess Petroleum, Treaty Energy and Paradise Energy? Also, either Princess or Paradise announced that they had found oil which, as I understand, was the same well that Treaty drilled and announced withouth GoB approval.
Can anyone with a good memory clarify this for me.
Thanks.... BB
I've registered to sell 144s many times and not sold a share. If you file, you can sell them if you want. If you don't file, you cannot sell them. Any financial advisor will recommend you file, whether you plan to sell or not.
This is a non-event.
I suppose the hole now being clogged just short of the pay zone also could be thought of as a coincidence....
It will be an interesting few weeks.
fmi81
I wasn't necessarily speaking to you.... there are a few on the board that don't take kindly to non-positive posts.
As for following up, Mike told me the company wouldn't spend the time/money to issue a correction. Perhaps I should have pressed more for the logic, but I didn't.
I called Mike immediately after the release to ask about the pay zone and the decrease from 55 to 15 ft and was also told it was a misprint. My unanswered question is why a correction was not issued. This would seem to be the way to handle it, but for some reason, it wasn't
Before you attack me, know that I too, am long TECO.... I'm just somewhat curious about them allowing this apparent mistake to continue.
This is standard practice. An insider must file before s/he can sell 144s.
I have done this a few times myself and never sold.
Nice try
Well, we've gone full circle in share price. I gotta wonder what the catalyst was for someone to (apparently) want stock so badly that they drove the price to almost $.01/share.
When news comes, it should be interesting.
Thanks td.... I would think the humble posturing is the only way to smooth things over with the GoB and fully expect that, at the end of the day, the strike will be confirmed and you will be buying again. If that happens, we all win.
Enjoy the weekend everyone.
Funny thing, Mulshine doesn't seem to agree with you.
In my opinion, hats off to tbowie. Everyone analyizes the situation and makes an assessment whether to buy, sell, or stay on the sidelines. I know others who are also skeptical of the find, but as long as people are prepared to listen to logic, there is a chance s/he will reassess things when information dictates.
I am very long TECO and think the strike was legit. I think Cho is or was not as familiar with this type of geology and he is becoming educated with time.
Within the next few weeks, we will all know where things stand. I am and will continue to buy as long as the price remains under $.07 and believe those who held on to their shares will be very pleasantly rewarded.
Tbowie, I look forward to you diving in again when you have enough information to make such a move.