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1 million in volume in the first 15 minutes. Looks like TECO is establishing a new base before the next leg up. Churn, baby, churn.
Tick tock ... Will we see the deal closed by 7/15 or will there be another delay? I guess we'll know shortly. Picked up some more shares .... pretty much have to at these prices to get the avg cost basis down. Looks like I might pick up some more shares this week if we keep getting selling like today.
SNRY
I suppose slow is a relative term. We are up 100% in the last 5 days. It has certainly been steady though.
Things are looking good here, friends. Slow and steady she goes ...
TECO
It was actually labeled Caveat Emptor prior to the run last week
No, that is not the type of comment a Belize environmentalist would make.
If you have questions though, you have the ability to ask them, assuming you don't live in Belize ... and that you actually want to know the answer.
Perhaps you need to read the post again.
He said the relationship with the Belize government is very solid. That doesn't mean TECO wants to have to police their Facebook page 24x7 from the environmentalist minority in Belize posting garbage comments on the page.
Great pull, I had forgotten about that mention from the filings. I think you very well may be onto something there.
Also keep in mind the other requirements to be listed on the OTC.QX (listed on the page you linked). The minimum assets, revenue and net income #s provide hints of what the PPS floor should be based on our share structure.
Just saw that. Wow.
We've now surpassed 1 million volume today ...
HP, Snizz, Boogie, Bucks, et al ... been waiting for this day a long time!
News ... correct me if I'm wrong, but this is the first time they have put out a PR regarding the acquisition. I believe previously it was only in filings. Hold on ...
Solar Energy Initiatives Signs Definitive Agreement to Purchase Internet Digital Marketing Company
GlobeNewswire
8:30 AM ET
Solar Energy Initiatives, Inc. (OTCBB:SNRY), a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale projects, today announced that the company has signed a definitive agreement to purchase certain assets of a company focused in the digital internet marketing space. The asset purchase is scheduled to close no later than July 15, 2012.
Our plan of acquiring a leading media & data solutions provider which is focused on connecting their clients to a targeted audience across multiple sales, marketing and distribution channels gives the company a strong platform on which to launch our new business strategy into the explosive internet digital marketing space. We plan to leverage all digital media options to drive ne w customers, increase sales, and increase revenue to build shareholder value. The plan is to provide everything a business needs to successfully promote their business on the internet. Future plans include a merger and acquisition strategy to increase client base and company revenues. Future acquisitions are directed toward businesses involved in internet technology, enabled business processes, data, Internet marketing or e-commerce, and service businesses including web enabled software platforms.
"Solar Energy Initiatives has been working to recapitalize the company and seek out new growth opportunities in order to maximize shareholder value. The decision was made due to the reduction in value of its current solar business.
"The Company has been seeking an acquisition candidate in order improve the financial condition of the company to protect the interests of the shareholders," stated David Fann, Chief Executive Officer of Solar Energy Initiatives.
Solar Energy Initiatives Inc. (the "Company") recently filed a Certificate of Correction to its Certificate of Amendment to the Certificate of Incorporation (the "Certificate") to effect a reverse stock split of all outstanding shares of common stock at a ratio of 1 for 100 (the "Reverse Stock Split"). Fractional shares outstanding after the Reverse Stock Split will be rounded up to the next highest number of full shares. The Certifica te was approved by the Board of Directors and shareholders holding a majority of the issued and outstanding shares of common stock.
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (OTCBB:SNRY), is a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale solar projects.
The Solar Energy Initiatives, Inc. logo is available at http://www.globen ewswire.com/newsroom/prs/?pkgid=12754
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Solar Energy Initiatives, Inc.
You guys are entertaining. My news, volume and price alerts are set for SNRY. See you all after the R/M ... hopefully it will close this month as expected and not be delayed further.
They did file an 8-K recently. Would like to see 10-Q's and 10-K so they are fully reporting. I have no idea if/when they will do that.
I do have this on my watch list and noticed the Bid/Ask was up to 2.50 x 3.15 yesterday afternoon. There weren't any trades, but that is the highest I've seen the Ask since I started watching PLFF.
Try logging out and back in. Your L2 definitely looks screwed up.
I would be very surprised to see any PRs that aren't related to a RM announcement.
At 7MM O/S and 0.06 PPS, the market cap is only $420,000. Just my opinion, but I doubt Lev would spend this long to orchestrate a reverse merger for a company to go public that is only worth $420k.
My point is that based on the assumption that a RM will be taking place, it means that shares of SNRYD are for "Company X" whose value we do not know. The PPS of SNRYD has nothing to do with that company's value.
That's exactly what I was wondering. MMs trading themselves shares to walk the PPS down, trigger some stop losses from unsuspecting folks and accumulate shares for themselves ahead of the BOOM?
You're right, it did seem like a stop loss was hit or something of that nature.
The one odd thing about it for me was that I had multiple bids today that did not fill despite the PPS dropping several cents below my bid. I'm attaching one example below to show what I'm referring to. Trades 11-22 all occurred during the time my order was active and were below my bid price. To preempt the obvious question- no, this was not an AON order (as you can see in the "Quantity" field the number of shares is not followed by the "/AON" that E-trade uses to notate those orders. Strange.
I'm not surprised. As I mentioned yesterday, I had a feeling that once people had their hands on shares, some would sell and setup a buying opportunity. Right now there's really no way to determine what a fair PPS is, but at 0.07, the market cap is less than half a million. IMO any company going public would likely have a market cap much larger than that, but we shall see.
I think the joke will be on those who sold at .03 and .05 today, but we shall see.
I love it! Cheap shares. It could be Asher note conversion but who knows. The thing to keep in mind is that the PPS today is completely irrelevant to what the incoming company is worth.
The only thing I don't like is that I keep seeing trades go thru below my bid (which is not AON). Fill me already!
what do you mean?
You have me wondering as well. Especially since many of the trades today are 50k plus.
Nearly doubling production in 1 month is hardly insignificant. It clearly shows they are getting results from the work-overs. You have to remember this is a company that had zero production a year ago. As a stockholder, what you want to see at this point is a solid upward trend in production. It looks like we're getting that. February was the highest production month in Treaty history. Let's continue to track this and see what the March #s show. Once TECO starts getting production from new wells (May?) the growth rate should jump even higher.
FACT: TECO's Texas oil production increased 85.9% from January to February
Monthly Production for last 3 months (in bbls):
December: 180
January: 256
February: 476
Obviously, there is still a ways to go, but this ship is headed in the right direction.
Verify the #'s for yourself at this link.
Under the "Production by Filing Operator" section, select "Oil Lease" and enter the Operator Number: 120104.
Going about as I expected. There is no news yet to serve as a catalyst for buying. The only thing that changed since yesterday was people can now sell if they so choose, and some people are doing that.
I've been thru a few ticker changes, and in my experience, it's pretty seamless. Sometimes there was a day or so after the ticker change occurred where certain brokers wouldn't let you sell shares, but nothing like this "D" business.
Agree, my guess is:
(1) "D" comes off next week
(2) Followed by 8K outlining the RM and I believe likely a symbol change. Based on the last filing, the current expectation is for the 8K sometime in April. It could coincide with the D coming off, but we shall see.
Just to confirm- TDA has converted shares as well.
Let's see what today brings. Without news, we may get a good buying opp.
That's completely irrelevant. EVDR was up 50% today on 4x volume and NO news. This is setting up nicely as a potential momo play. You don't have to go back far on this chart to see what happens when big volume comes in here.
Another uptick today. This thing could seriously fly if volume comes in. Would love to see some filings to figure out what is going on here.
Filings are desperately needed. No 10-Q or 10-K filed in over a year. The recent price action screams of some very big developments when they do file. Board marked.
It will be in the 10-K but it couldn't have changed much from the last 10-Q.
If Treaty & Princess close on the deal to give Princess a 50% interest in the Paradise concession, that would bring in quite a bit of capital.
Does anyone know if AFSE exercised their option to buy an additional 6% of the Princess concession? They had to make a decision by earlier this month. If they exercised it, then TECO has another half million dollars.
If this is the company (keep in mind, while I have a good feeling, that is still a big if), with the sector they're in and their growth rate, I think we're easily talking dollars. How many dollars is hard to say without more info. I'll see if I can dig up some more info on them.
Yep, cautious optimism here.
Seriously- that is tremendous growth. They nearly tripled their revenue between 2007 and 2011, and they did that during a recession period. Very impressive.
YES. I think our new company is Verndale.
-It is an Internet Marketing Firm, which matches the description of the acquisition in the 10-Q.
-It has an office listed at the Cary, NC address in the 10-Q.
-It's a private company, thus it makes sense for a reverse merger.
The address from the 10-Q is in Cary, NC aka the Research Triangle aka the Raleigh-Durham area. Verndale has one employee in that area. It's not just any employee though. It's CEO Joe Zarrett.
If this is it, I'm pumped. It's a high-growth industry, and the company is growing at very healthy rate, even during the recession. Look at their employee & revenue #s from year to year (according to Inc.com):
YEAR -- # of Employees -- Revenue
2007 -- 20 -- $2.1MM
2008 -- 36 -- $3.0MM
2009 -- 38 -- $4.1MM
2010 -- 47 -- $4.6MM
2011 -- 59 -- $5.7MM
Agreed. I get the feeling the next filing or PR will have a nice surprise. I've been keeping an eye on the L2 here for the last few weeks & the ask side is always wafer thin.