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OK! So what is that PR all about?
EEGC is moving ahead to acquire new banking relations and even better bringing on experts in the field of finance. One of which will end up being the Chairmen of the Board of Directors.
The company is in the Credit Card business and gives us another avenue for revenue.
In addition because the company has revenue it will add to our bottom line and we will be filing to be listed the the OTC BB and then for the NASDAQ for greater exposure.
This is the first of many Press Releases and we are lining up to be a multi-business company with huge revenue potential. We are not just for oil any more, but don't discount it as its our main thrust.
EEGC, A stock trading at 2 cents is about to explode. Check out the PR just released. Its the first of several. Soon to announce $180,000,000 funding to drill for oil.
EEGC, A stock trading at 2 cents is about to explode. Check out the PR just released. Its the first of several. Soon to announce $180,000,000 funding to drill for oil.
EEGC Big news Press Release, check it out!
EEGC Big news Press Release, check it out!
From:
Pacifc Quest <pacificquest@cox.net>
...
From what I read in the PR it appears Empire is forming some quality financial relationships in preperation for anticipated funding for drill program and related business developments. Such relationships may prove very wise to have in place sooner rather than later.
MB
Subject: unbelievable PR...
I knew everything with Bendall was possible but that is beyond what i ever could imagine...
EEGC PR out:
This is the first of several PRs coming:
Grand Monarch Holdings Incorporated Reacquisition Commences, Empire Energy Credit Card to be Issued
Date : 09/01/2010 @ 11:23AM
Source : PR Newswire
Stock : Empire Energy Corporation International Common Stock (EEGC)
Quote : 0.022 0.002 (10.00%) @ 11:30AM
Grand Monarch Holdings Incorporated Reacquisition Commences, Empire Energy Credit Card to be Issued
Empire Energy Corporation International Common Stock (USOTC:EEGC)
Intraday Stock Chart
Today : Wednesday 1 September 2010
Click Here for more Empire Energy Corporation International Common Stock Charts.
Empire Energy Corporation International (Empire) (Pink Sheets: EEGC) announced on Wednesday, September 1st 2010 that Empire has signed a letter of intent with the view of completing binding documentation for the reacquisition of the former, wholly-owned Empire subsidiary Grand Monarch Holdings Incorporated (GMHI).
(Photo: http://photos.prnewswire.com/prnh/20100901/CG58273)
(Photo: http://www.newscom.com/cgi-bin/prnh/20100901/CG58273)
Grand Monarch is a California based financial services holding company that is focused on creating long-term asset value through proficient investment diversification. The company wholly owns, American Union Financial Credit Services (AUFS) a credit card provider with a network of over twenty-two million organized labor union households. AUFS currently issues both Discover and MasterCard credit cards with a low interest rate of 9.25% throughout the US, Canada, Puerto Rico and Guam through its relationship with Amalgamated Bank of Chicago. Additionally, AUFS is the exclusive credit card provider for Mission Tuition (www.missiontuition.com), the largest online retail network of vendors offering cash rebates on purchases of up to 3.5% for account holders
' tax-free educational savings accounts. With over 260,000 participating retailers, Mission Tuition is focused on becoming the largest educational account rebate program provider in the United States.
Additionally, Grand Monarch is in the due diligence
process of acquiring a controlling interest in a labor union affiliated bank headquartered in Chicago, Illinois with more than 80 years of operational experience, favorable balance sheets and quality assets.
While Empire Energy remains wholly committed to the discovery and commercialization of oil and gas in the Tasmania Basin, reacquisition of Grand Monarch will provide Empire with important strategic banking relationships and a network of exceedingly well-versed financial specialists. As Empire moves to close its $180 million structured financing deal with Sure Asset Management
and progresses closer to realization of the company's $3.3billion certified asset valuation, access to these networks will steadily grow in importance.
Additionally, reacquisition of Grand Monarch will allow for the issuance of a proprietary Empire Energy consumer credit card. This credit card will be made available to all Empire Energy shareholders within the US, Canada, Puerto Rico and Guam. It will include a low interest rate of 9.25% as well as access to participate in the Mission Tuition educational savings program.
In addition to the significant long term value potential in re-acquiring Grand Monarch Holdings, Inc., Empire Energy will also be attracting the business and multi-industry expertise of the current Grand Monarch Holdings, Inc. Chairman Mr. David Villarreal, Jr. as a candidate for Chairman of the Board of Empire Energy. His consideration and anticipated appointment by the Empire Energy Board will be concurrent with the pending transaction between the parties closing. Mr. Villarreal's extensive business, labor union and political expertise will enhance the strategic business development
outlook by focusing on long term growth and acquisition strategies of Empire Energy. Also under consideration for a board appointment to Empire Energy upon completion of this transaction is Mr. David Villarreal III whose educational, marketing and financial background support his current operational duties at Grand Monarch Holdings, Inc. and would further contribute to the Empire Energy business development outlook.
Yesterday Empire Energy formally engaged the services of a private firm to organize and manage the Company's re-listing efforts. The firm has advised Empire of its intention to make application on behalf of the Company this week for re-listing to the Over-the-Counter Bulletin Board. This is the first step in the full process for obtaining a listing on the National Market System's NASDAQ Small Cap.
Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.
This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements. For a more detailed discussion of risks and other factors related to Empire Energy Corporation International, please refer to 10-K and 10-Q reports filed with the U.S. Securities and Exchange Commission.
Contact: Malcolm Bendall
913-663-2310 begin_of_the_skype_highlighting 913-663-2310 end_of_the_skype_highlighting
The first of several Press Releases:
Grand Monarch Holdings Incorporated Reacquisition Commences, Empire Energy Credit Card to be Issued
Date : 09/01/2010 @ 11:23AM
Source : PR Newswire
Stock : Empire Energy Corporation International Common Stock (EEGC)
Quote : 0.022 0.002 (10.00%) @ 11:30AM
Grand Monarch Holdings Incorporated Reacquisition Commences, Empire Energy Credit Card to be Issued
Empire Energy Corporation International Common Stock (USOTC:EEGC)
Intraday Stock Chart
Today : Wednesday 1 September 2010
Click Here for more Empire Energy Corporation International Common Stock Charts.
Empire Energy Corporation International (Empire) (Pink Sheets: EEGC) announced on Wednesday, September 1st 2010 that Empire has signed a letter of intent with the view of completing binding documentation for the reacquisition of the former, wholly-owned Empire subsidiary Grand Monarch Holdings Incorporated (GMHI).
(Photo: http://photos.prnewswire.com/prnh/20100901/CG58273)
(Photo: http://www.newscom.com/cgi-bin/prnh/20100901/CG58273)
Grand Monarch is a California based financial services holding company that is focused on creating long-term asset value through proficient investment diversification. The company wholly owns, American Union Financial Credit Services (AUFS) a credit card provider with a network of over twenty-two million organized labor union households. AUFS currently issues both Discover and MasterCard credit cards with a low interest rate of 9.25% throughout the US, Canada, Puerto Rico and Guam through its relationship with Amalgamated Bank of Chicago. Additionally, AUFS is the exclusive credit card provider for Mission Tuition (www.missiontuition.com), the largest online retail network of vendors offering cash rebates on purchases of up to 3.5% for account holders
' tax-free educational savings accounts. With over 260,000 participating retailers, Mission Tuition is focused on becoming the largest educational account rebate program provider in the United States.
Additionally, Grand Monarch is in the due diligence
process of acquiring a controlling interest in a labor union affiliated bank headquartered in Chicago, Illinois with more than 80 years of operational experience, favorable balance sheets and quality assets.
While Empire Energy remains wholly committed to the discovery and commercialization of oil and gas in the Tasmania Basin, reacquisition of Grand Monarch will provide Empire with important strategic banking relationships and a network of exceedingly well-versed financial specialists. As Empire moves to close its $180 million structured financing deal with Sure Asset Management
and progresses closer to realization of the company's $3.3billion certified asset valuation, access to these networks will steadily grow in importance.
Additionally, reacquisition of Grand Monarch will allow for the issuance of a proprietary Empire Energy consumer credit card. This credit card will be made available to all Empire Energy shareholders within the US, Canada, Puerto Rico and Guam. It will include a low interest rate of 9.25% as well as access to participate in the Mission Tuition educational savings program.
In addition to the significant long term value potential in re-acquiring Grand Monarch Holdings, Inc., Empire Energy will also be attracting the business and multi-industry expertise of the current Grand Monarch Holdings, Inc. Chairman Mr. David Villarreal, Jr. as a candidate for Chairman of the Board of Empire Energy. His consideration and anticipated appointment by the Empire Energy Board will be concurrent with the pending transaction between the parties closing. Mr. Villarreal's extensive business, labor union and political expertise will enhance the strategic business development
outlook by focusing on long term growth and acquisition strategies of Empire Energy. Also under consideration for a board appointment to Empire Energy upon completion of this transaction is Mr. David Villarreal III whose educational, marketing and financial background support his current operational duties at Grand Monarch Holdings, Inc. and would further contribute to the Empire Energy business development outlook.
Yesterday Empire Energy formally engaged the services of a private firm to organize and manage the Company's re-listing efforts. The firm has advised Empire of its intention to make application on behalf of the Company this week for re-listing to the Over-the-Counter Bulletin Board. This is the first step in the full process for obtaining a listing on the National Market System's NASDAQ Small Cap.
Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.
This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements. For a more detailed discussion of risks and other factors related to Empire Energy Corporation International, please refer to 10-K and 10-Q reports filed with the U.S. Securities and Exchange Commission.
Contact: Malcolm Bendall
913-663-2310 begin_of_the_skype_highlighting 913-663-2310 end_of_the_skype_highlighting
The problem with the dive in price may just be due to the holidays. This is a last week before the kids go back to school and its vacation and party time. I think interest will return after next monday. Lets hope so and good luck.
Picture of the new rig:
http://gefcoiraq.com/SpeedStar_SS-1100.html
Both the manufacturer and EEGC are totally committed to see this work and they will do what ever it takes to make that happen.
I will be looking for a steady climb in the share price and expect a PR maybe as early as today.Its time to load up because I see only rising prices.
No I didn't say that. read my post again.
I wouldn't worry about the rig. There are experts on both sides of the transaction and the rig will arrive on the shores of Tasmania ready to do the job. The more you talk about it the more confusing you make it. No reason to confuse unless you don't want it to happen. IT WILL HAPPEN COME HELL OR HIGH WATER! The rig will be shipped when paid for and that should happen as early as this week.
Good morning;
To put to rest once and for all the concerns of any and all, the rig that will be delivered will meet all the specifications required by the Tasmania and all of Australian goverments. It will meet all the electrical standards required.
Partial copy of E-mail from Tasmania.
"I spoke to Paul the head geologist this morning he was very factual and positive. If you can post onto i hub that the rig will be all set up for oz conditions with the preventer all wiring specs to oz standards ready for work.
Also point out it not a geology rig but a rig specifically built for the drilling of our wells all 12 of them any how howie we will get there boom or bust !!!"
The people running EEGC are not stupid but you have to wonder about some that criticize them and their ability to do their job. After all they have been doing this work all their lives.
Evaluation of Exploration Prospects
- Investment analysis
Exploration prospect evaluations differ from many other investment analyses, because they are entirely dependent on an uncertain event- a hydrocarbon discovery that meets the threshold of being commercial. Prior to drilling, due to this uncertain event, any analysis is inherently speculative. Sometimes seismic data can suggest the presence of hydrocarbons, however true discovery occurs only by drilling wells and running tests .
The common benchmarks for evaluation of any project are net present value (NPV), discounted cash flow rate of return (DCF-ROI), present value index (PVI), and payout. Payout can be based on discounted or undiscounted cash flows.
In theory, investments should be made in accordance to the “cost-benefit” ratio to maximize asset returns. Thus acquisitions should be made with the projects with the highest present value index (NPV/Investments). This simple concept is difficult to apply when a project proceeds in a series of stages, and each stage is contingent on success of the previous stage.
The means of investing in exploration areas are numerous. They include acquisitions, farm-ins and competitive bidding for exploration acreage. In all cases, there are large upfront costs and uncertainty. Companies can limit their exposure to the large initial exploration costs by forming operator groups composed of a number of partners.
- New Drivers for Change
Investment analysis of oil/gas ventures exists in a microcosm of an industry experiencing an incredible transformation. It was recognized in the 1990’s that new drivers would play an increasing role in the future exploration efforts. The “Drivers of Change” enumerated in reference 1 (1994) have all come to fruition:
· Volatility of Oil Prices
· Deintegration of upstream resources and downstream sources
· New technology – principally 3-D seismic, horizontal drilling, and tension leg platforms (deep sea exploration)
· Communication revolution
· Political transformation and breakdown of national frontiers
· Growing global environment awareness
· Ownership and governance –Expanded state sponsored NOC investments
· Deregulation
The most powerful drivers for the 21st Century are growing global environment awareness and new technology. This awareness that companies needed to examine every opportunity in the world and the new technology for deep water exploration translated into a future of need for large well funded and international oil companies. This lead to nearly a decade of mega-mergers. A partial list of mergers is provided below.
BP/ Amoco 1998 Conoco/ Philips 2002
Exxon/ Mobil 1999 Devon/ Ocean Energy 2003
Chevron/ Texaco 2001
Consolidation of the seismic processing, drilling and other oil service companies has been equally rapid, with a partial list provided below:
Santa Fe/ Global Marine 2003 National Oilwell/ Varco 2005
Baker Hughes/ Western Atlas Baker Hughes/ B.J. Services –Announced Aug 2009 in progress
Santa Fe/ Global Marine 2003
Western Geco/ Schlumberger 2006
The impacts on this structural transformation meant : a) More competition for the high value exploration blocks around the globe with NOC b) Major oil companies interested in operating the block, rather than being participant, and c) A few mega-service companies partnering with the oil companies at every phase of exploration and production in every location where E&P exists.
- Evaluation of Exploratory Prospects (Classic Approach)
Exploratory prospect evaluation requires risk evaluation. There is no single method for analysis.
The probability of the existence of hydrocarbons in a play depends on:
1) Confinement or closure of the deposit
2) Adequate deposition of organic material to form oil
3) Right conditions (time, pressure and temperature) to become oil or gas
If each factor is assigned a probability, then
Often this is referred to as the “geological risk.” This does not describe the chance of a commercial discovery. For a commercial discovery, the discovered accumulation must meet certain threshold criteria:
1) Sufficient quantity of recoverable hydrocarbons (HC)
2) Reservoir productivity is sufficient to produce hydrocarbons at commercial (economic ) rates
3) Hydrocarbon discovered is commercially marketable- this may rule out a large gas, condensate, or volatile oil discovery as commercial. Also, heavy oils discovered offshore may be considered non-commercial.
Some economic analyses will lump these factors into a “commerciality risk factor” however if possible, it is worthwhile to identify each one separately.
Now, consider that the chance of success of each of these six factors is 95% or a 1 in 20 chance of being absent. The chance of hydrocarbons being present is 86%, but the chance of a commercial discovery is 74%. If all factors are 50%, the chance of hydrocarbons drops to 12.5% or 1:8, and the chance of a commercial discovery is 1.5%. If in this example, we can eliminate the chance that the hydrocarbon is marketable, the chance of a commercial discovery now is 3% or 1:33.
Now, an exploration program of a block will typically involve more than one well, so the chances of one or more successes will in theory, increase as exploration program continues. The probability of having one success after “n” wells are drilled, each with a success probability, , can be calculated using the binomial distribution. This is covered in Reference 2.
- Monte-Carlo Simulation to determine recoverable oil
The expected recoverable oil in an accumulation hydrocarbons as risked is:
Classical risk analysis assigns probability distributions to the variables including . Typically, the triangular distributions are used. Triangular distribution are simple to understand and provide a limited domain for the random variable. Other distributions such as the uniform and normal can be used. From Monte-Carlo simulation, a distribution of can be generated.
Given and recoverable oil, the expected reserves for the discovered hypothetical field within the block can be calculated.
- Economic Evaluation
At this point, it is necessary to construct various scenarios to identify an expected return on the prospect. If the contract establishes a mandatory exploratory program, then this is given in our model as a 100% certainty cost, along with signature bonus. If no oil is found, then this establishes our “unsuccessful scenario” or maximum loss.
The “success case” may involve numerous evaluations, considering various drilling costs and facility costs. Ultimately, each of these scenarios must be assigned a probability.
Under a Production Sharing Contract, cost recovery provisions allow an Operator to achieve a more rapid payout of the investment, however as the project becomes more profitable, the PSC mandates that a greater share of revenues go to the government.
The economic evaluations of the various scenarios are very important as they identify the full range of economic gain and loss. The private oil company, may after examining the potential for disaster, not proceed unless it can reduce its working interest.
- Weaknesses
The risk factor approach has a number of weaknesses, including: a) estimation of probabilities and distributions are highly subjective and b) each risk factor is considered to be independent and stationary (time invariant) contrary to the nature of the factors. To improve the quality of estimation, companies often rely on outside geologic and seismic consultants, to provide additional opinions.
The assumption of independence of variables is done to simplify analysis. The short comings of this form of analysis should be recognized early on. As a real world example, an exploratory block in Brazil had shown to have an extensive structure based on seismic. As there was no prior wells, the seismic structural map was in time units. As the drilling progressed, the sands became increasingly more compacted with no signs of hydrocarbons. The top of target was continually prognosticated to be considerably deeper due to the higher velocities. Drilling costs rose due to compaction. The well’s chance of success was quickly diminishing due to the interaction between risk factors.
At times, the interdependence of risk factors is responsible for positive results. A high porosity will impact the quantity of oil found and improves the productivity of the well.
Monte-Carlo simulation can be performed using correlated variables (Crystal Ball software, Reference 5). This may be helpful in the economic simulation of prospects. A higher oil price forecast is correlated with higher drilling costs, and facility costs.
- Time invariance
The binomial distribution works when the success probability is a fixed value. There is a philosophical argument of whether, with more exploratory drilling, we will: a) become more successful, because every dry hole shows us our errors or b) become less successful, because we progressively explore the less prospective structures.
Both perspectives have merit. However, with improved seismic techniques, the latter argument of progressively less prospective structures, I believe, holds more support.
- Other approaches
Decision tree diagrams can be used either as an alternative or to complement Monte-Carlo studies. It is a very effective tool in showing risks. Reference 3 shows many ways to construct diagrams to describe economic analyses.
Sensitivity analyses, including best/ worse case scenarios and impact of variables, provides added insight to the analyses.
An approach of calculating “thresholds” in modeling economics also adds insight. If a project is uneconomic, under what conditions might we consider it to be economic. What possible changes can be made to the Production Sharing Contract (PSC) terms to make exploration (or production related projects) economical. I call this “reversing the question.”
Exploration decisions do not rely on a few simple metrics. To maximize assets, one should choose investments in accordance to the NPV/ investment or PVI. In comparing two prospects, one with an expected PVI of 2 and a second one with a PVI of 1.6, an Operator opts for the lower PVI. Why? The investment of the higher PVI and the potential loss is much higher. The Operator is risk averse. The role of “risk acceptance/ aversion” is part of utility theory.
This concept is very important The expected economic returns do not tell the full story. An investment without sufficient back away provisions can cause the company severe economic hardship. This is explained at length as part of utility theory in Reference 3, on page 159.
The Operator has perhaps looked beyond the prospect area, and considered exogenous variables- how have other Operators in similar prospects fared?
If the economic analysis has considered fields sizes with upside reserves of > 1 billion barrel, the analyses is suspect. An alternative analysis is to examine the chance of success and the size of fields discovered in “analogous” areas. I put the term analogous in quotes, because I know how difficult it is to consider an different geological area as being analogous.
- PSC Considerations/ Creativity at the bargaining table
Signature bonuses and royalties can be demanded by the host country . The host country is, in effect, ensuring itself against failure, but this can reduce competition for bids.
Certain provisions of a PSC may be modified through negotiations. The host country has multiple objectives. The PSC typically has extension/ renewal provisions, however if the Operator is particularly successful, the NOC is highly motivated to take over operations. A PSC should contain provisions to train nationals in the eventual transfer to operate the fields. A lengthy transition of several years may be very beneficial to both the Operator and NOC.
The Operator is generally in the best position to continue exploration at the end of a contract. It is incumbent for the Operator to prove to the host country that it will make the NOC a full partner in this effort.
Restoration and abandonment considerations are very important. The problems of Texaco in Ecuador and Occidental in Colombia are excellent examples of why the PSC needs to address environmental concerns associated with R+A.
Gas discoveries for offshore fields is an area that I believe will become an increasingly “hot area” for PSC’s. The provisions of a PCS must be very carefully written to prevent the national government to demand certain sales price that will deny the Operator’s right to a return on their investment.
Competitive Bidding
If there are numerous bidder and all are looking at the same information, then the highest bidder is the most optimistic of the group and therefore is the “greater fool” more likely than not to lose money. There is an extensive literature involved in the psychology of competitive bidding, which is outside of the scope of this summary.
References
1. Treat, John Elting, Editor, Creating the HIgh Performance International Petroleum Company: Dinosaurs can Fly, Pennwell Publishing, 1994.
2. Harrett, R. and Cronquist, C., Estimation of Primary Reserves of Crude Oil, Natural Gas and Condensate, Reservoir Engineering and Petrophysics, Volume V(B), page V-1479.
3. Newendorp, Paul and Schuyler, John, Decision Analysis for Petroleum Exploration, Planning Press, 2000.
4. Greater Fool Theory, Wikipedia Summary
Load up the trailer, wheelbarrow and any other container you can find.. I smell a Press Release coming.
I AM MAKING MONEY AND THERE IS MORE TO COME, a LOT MORE!
Good morning. I just bought in and like what I see.
The rig doesn't have to be converted. Its is being manufactured to the specifications set forth by the company and checked and agreed upon by the manufacturer. This is the second rig provided to the company by this manufacturer that was sold out from under us by Michael Roberts.
Once aboard the ship it will take 4 to 6 weeks to arrive in Tasmania and since its totally mobile can arrive at the Bellevue site and be set up in one day. It has a self set-up system built in.
This is a drillers dream and new to Australia. This will rock the drilling world.
The run the stock had is nothing short of amazing. After a run like that I expect a morning correction and then regroup and continue the run to much greater heights. I think we may well break a penny and continue on up till the fight.
The word is passing and more attention is being paid. So hang on for the ride of your life.
Greetings WCFC Fans!
Just a quick reminder - Tickets are selling fast for the WCFC event "THE BEGINNING" on September 4th at The Scrapyard in Ogden, Utah. This will be the inaugural event at Ogden's brand new Scrapyard Arena and there are not many tickets left! Reserve yours now by calling (888) 310-4620 begin_of_the_skype_highlighting (888) 310-4620 end_of_the_skype_highlighting* or contact your local gym!
See you at the fights!
Many of you shareholders of EEGC should take the time to do some financial planning for the future. Tax laws vary from country to country and you should seek the appropriate advise from your local tax people.
In the United States If you are a long term holder you might consider setting up separate accounts for your children to prevent gift taxes. Also consider a Roth IRA to house your stock. This allows free distribution at the age of 59 1/2. Keep up with the laws as they change and are very likely to do just that. The government has been printing money and will try to lower the debt with additional taxes.
You have two things to accomplish, you must make money and you must find ways to keep what you earned. Good luck.
There is a good reason why I am bringing this up but I won't address the reason for many months, however I will.
Don't worry about the new rig. EEGC and Art have a contract in good standing and will be delivered as soon as payment is made. That will occur shortly and in plenty of time to start drilling. Many new announcements will be forthcoming and many smiles will burst out on the shareholders faces. Not so with those that have shorted the stock.
Mothers enjoy:
EEGC for me Lucy...thanks
We are positioning for a run.
There are several PRs in the works. Sorry I don't know the contents.
Patience, a lot is going on.
Look for the fat old guy in the red suit. He is bringing the share holders an early gift for Christmas. Now the problem is how to get the raindeer crap off the roof.
Public Relations is moving hot and heavy to promote this fight. Its going to be big with a lot of exposure and great results. Its good to be a share holder.
Power hour has started and the push is on for the next days leading up to the fight. Look for steady rise in share price, where it will stop nobody knows but the trend is up.
EEGC shareholders! Christmas is coming early this year!
Nod, nod, wink, wink.
They are never right...read the IBOX
Your numbers are wrong.
There are approx less then 413,000,000 shares outstanding and at a current price of .0235 the market cap is $9,705,500 and is about to go up, in my opinion a lot.!
90 minutes into the day and up 48.9% and its just begun.
Time to load up.
With the advent of Comcast entering the picture people don't have to fish around to find the event. Its pay on demand TV and easily found. This will boost revenue and is a sign of the future. Its all about earnings and that's caused by exposure. Look for other great happenings very soon that keep the stock moving up.
Just hang on the ride will continue for the next few weeks. I see a nickel in our near future. The float is under tight control and we will fly.
Ladies and Gentlemen: We have only just begun. There is more to come and the stock is running
YES! ITS TRUE! THE PEACOCK HAS FLOWN THE COOP AND LEFT A TRAIL OF FEATHERS BEHIND!
Now on with making a load of money.
The potential in Actionview is great and there is money to be made to fulfill our filthy habit of eating and drinking and paying the rent.
Let us tout the merits of AVEW and beat down the naysayers as we move forward in our quest to conquer the Universe or some such thing. Etc, etc.
Repost for those that missed it!
ActionView International, Inc. Announces September 4th Fight Card for WCFC "The Beginning"
Date : 08/24/2010 @ 8:45AM
Source : GlobeNewswire Inc.
Stock : ActionView International (AVEW)
Quote : 0.0047 -0.0008 (-14.55%) @ 3:49PM
ActionView International, Inc. Announces September 4th Fight Card for WCFC "The Beginning"
Actionview International (OTC) (USOTC:AVEW)
Intraday Stock Chart
Today : Wednesday 25 August 2010
Click Here for more Actionview International (OTC) Charts.
ActionView International, Inc. (Pink Sheets:AVEW) and its wholly owned MatchFights LLC subsidiary today announced the fight card for the World Championship Full Contact (WCFC) event to be held September 4, 2010 at The Scrapyard in Ogden, Utah. WCFC is the mixed martial arts organization operating under the company's wholly-owned subsidiary, MatchFights, LLC.
The fight card will feature two professional matchups. Steven Siler (14-5-0) from the Riven fight team is matched up against James Francis (6-8-0), who trains at Body Dynamics, and Dave Castillo (8-2-0) from Jeremy Horn's Elite Performance gym will fight Jon Walser (7-3-0) of Xtreme Combat. Both of these fights are at the 155 pound weight class. Dave Castillo has fought twice before for the WCFC, his last fight being a victory over Ty Hamblin with a triangle choke. Jon Walser is another WCFC veteran, with his last fight resulting in a victory over Boogie Anton in the inaugural WCFC event.
WCFC has titled this event "The Beginning" because, for the first time in Utah, the fight card will include several amateur fights. Johnny Riche, head of fight operations for WCFC, commented on the Pro-Am nature of the card, "We are excited to feature a mix of top professional athletes and the best of the amateur ranks. There is simply a lack of quality organizations for young fighters looking to gain ring experience on their way to joining the pro ranks. A pro-am event lets us invite the best amateurs out there and give them a taste of what it's like to fight in front of a few thousand people with cameras rolling and fans going crazy. It's a different experience than the typical amateur shows held in bars and fair grounds. Our goal with the WCFC is to hold Beginnings pro-am events several times a month throughout the country and then hold a large-scale, all-pro title event on a quarterly basis."
The amateur portion of the September 4th fight card will feature David Putvin of Elite Performance versus Russell Evans of One Hit MMA at 145 pounds, Ken Brecke of Elite Performance versus Danny Gunn of Riven at 195 pounds, Parker Newman versus Tom Hester of The Academy at 175 pounds, Kiki Albino of Riven versus Matt O'Dell at 155 pounds, Georgy Kaytukov of Elite Performance versus Manuel Soto from One Hit MMA at 185 pounds, Terrel Sanders of Absolute MMA versus Steven Shimkus of One Hit MMA at 170, and Matt Buck versus Ricky Bax of Absolute MMA at 145 pounds.
The event will also include a female fight featuring Crystal Olsen of One Hit MMA against Cecile Jaskowiak of Kwamie Stephens Assassins at 130 pounds. Additional amateur matchups are expected to be added in the days leading up to the event.
Tickets for the live events can be purchased by calling the WCFC ticket hotline (888) 310-4620 begin_of_the_skype_highlighting (888) 310-4620 end_of_the_skype_highlighting begin_of_the_skype_highlighting (888) 310-4620 end_of_the_skype_highlighting. Fans are also invited to visit the new WCFC website at www.wcfc.com for more information about the event and to find out about local area broadcasts of all WCFC events.
ActionView International's wholly-owned MatchFights subsidiary delivers the most exciting brand of full contact fighting under its World Championship Full Contact (WCFC) banner. MatchFights' events are broadcast live in television quality to a worldwide audience over the Internet, and revenue is derived from pay-per-view buys.
Fight fans, fighters, promoters, trainers and ring girls are encouraged to visit the WCFC website at www.wcfc.com to set up a personal profile and join the first and only comprehensive content driven MMA web community dedicated to fighting. The site harnesses the power of social networks, allowing users to connect and share information about their favorite fighters, fights and events. A comprehensive marketing program is expected to result in the www.wcfc.com becoming the dominant fighting website in the world and draw consumers for WCFC events broadcast over the Internet.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.actionviewint.com.
About ActionView International, Inc.
ActionView International (www.actionviewint.com), its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver exciting, live, pay-per-view events in an interactive venue over the Internet to a global audience. Revenue is derived from pay-per-view buys. The live events have broad appeal and may include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.
CONTACT: ActionView International, Inc.
Shareholder Relations
1-800-480-2690 begin_of_the_skype_highlighting 1-800-480-2690 end_of_the_skype_highlighting
investors@actionviewint.com
EarnestDD: I have contacted the company and they will respond to your questions and have requested you contact them direct. Numbers and e-mail are available on the website. I am not authorized to speak for the company. All questions must be directed to the company direct. If you fail to contact the company then it must be assumed you don't want answers but are just trying to disrupt the company operations. I will have no further comments on questions you pose about the company.
I believe that by the end of September the stock price will be 2 cents or more.