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llbo, you have difficulty with the English Language and the correct use of it. I have difficult expectations of your opinions.
However, as being on this stock about the same time as Techno, we have seen the trading patterns. I think this pulls back one more time before the preparation of the site. It may not drop back this time to .0011, it may be .002 or .0018 or .0022. It will be a higher low, and as we reach the time to prep the site, this will rally past this point near the penny.
I could be wrong, I may not drop down to .0015. It may not break .002. But Techno and I have seen this too many times in the last few years. This is a pattern all to familiar.
llbo, if I were an insider and owned stock, why would I buy more? If i were an insider, I would rather own percentages on the lease.
Again, you make no sense.
llbo, people were selling all day. What are you talking about?
techno, someone is buying up the shares in advance of the january news. 180 million shares between .0011 and .003 is some $350k. Holding all the float and with drilling news in january, this stock could fly. I just dont know who.
We did see this thing run to a dime on clovely. it could do it again.
I think this might be a rally, which they will pull back one more time.
The next time, might be when this thing breaks out. I could be wrong, but paying $300k to buy up the float and run this into the pennies to make $3mil makes sense.
This is the second rally with some volume in one month. I suspect the third rally going into news breaks this out.
Just speculation, but look at the pattern from years past, and look at the pattern now.
This is the MO of this stock.
int.
I agree with Techno in one sense, this is a touch to early to rally. I expect a sustained rally in January as things will begin to happen.
But the guy who sold out at a 100% profit, it may go down. But one time, it will take off and not look back, and you will miss the boat.
Also, when this hits its lows at 11 to 13 bids it is offered at 14 or 15, which means the .003 bids and higher will find sellers willing to take the 100% profit.
IF this moves past this point, then those are gone, and this trades differently as the co prepares to drill.
This may develop now, or this may be in the next week or two. But the clock is ticking for day trading on this stock.
Come on CSTI, keep selling. Soon as your done, up it will go back up.
Went to MXXH website.
They have a new website up from the last time I checked six months ago.
Thanks on the OS numbers, no dilution in half a year.
techno,
the stock took off and some are flipping profits. It is to be expected. Cant expect this to go from .001 to .10 in only 48 hours. It will take time over the next two months, my guess anyway.
i
Penny, yes, when they announce they are preparing the site, the stock will move up again.
When they announce they "Spud" the stock will move again.
900k barrels is over $80 million and 8 bc of gas is another $32million.
If $100 million and owning half does not mean $50million on 300 million shares equal 16 cents...then what is a quarter penny.
buy at prep or buy at spud, or buy mine at we are on line...
Yes, because companies add to the float during run ups like this.
Mxxh has not added to the float in a half a year or so. This means, no fluff or bs. The TA numbers are the same as 6 months ago.
I think techno said the numbers from the T/A have not moved in months. Meaning there are no new float numbers or changes in the float.
This indicates things are on the move without dilution. This is a huge positive.
i
Wow, techno, I suspect the news you have been looking for for the last month or two might be on the way?
Something lit this on fire. Is the company going to drill that Wilcox property?
Sounds like Management who ran the company into the ground and stole all the shareholder capital will retain 10%. The people who invested their hard earn cash will get the boot.
Hmm, sounds like GM all over again.
Why did the deal with Grail fall through? Why did it take half a year to fall apart?
Techno, I had to go back and read that 8/5 press release. Here is what is said:
<<<In consideration of the analogous well data from the adjacent properties, 6 to 8 BCF of gas is an extremely low expectation. The operator has begun to request bids on rig availability and timelines. It is anticipated by the parties that this well should be prepared in Q4 of this year. Anticipated drilling time to test depth is 15 days. Seismic and technical data will be posted on the website. >>>
What I got out of that is, preparing to drill the site will be in the 4th quarter of this year. Which means, Oct-December. And when drilling starts, it will take about 15 days to hit the depth of the well to test it.
Bill, I concur. Also, that Houston rentals at $25NNN is seriously cheaper than LA rentals which are running from $48 NNN to $150NNN
Techno, the stock was down before the news. The tick data shows up after the filing.
Maybe they are sharing an office with the Spradlings?
$25 NNN per year is cheap. Has anyone checked out rents in Los Angeeles? Rents have been from $4 to $12 NNN per month.
Google Maps show BHP Billiton Petroleum USA HQ is the building next door in the same complex. Thanks for the link.
News out, Mxxh relocates to Houston Texas. I told you techno. They put Houston on the last pr instead of LA.
They seem to be getting back to business. New partner, two new projects, new pr person, and the move to Houston.
Now lets make it all into something.
Nice Sarcasm there, go! vs Go. Okay Mr. GO employee.
I did not realize 60 seconds was a lot of time to waste. I seem to remember myself sitting in Miami when Tower Air shut down. Talk about time to waste.
It is just a matter of time now. People will be going on vacation to Maui and will be at HNL waiting for their connecting flight at Go. Some will be waiting at the gate to board and some will be at the ticket counter.
Then all of a sudden, the pilots and flight attendants will grab the gate agent and dash off the plane leaving the people scratching their heads.
Then the guy who is next in line will see the baggage guys run through the baggage chute and whisper into the ticket agents ear, and they both grab their things and run off.
People will be standing around puzzled. As the clock ticks by, nobody returns. People will stand there wondering if they will get to board the plane.
Nope, the Pilot just found out the check is not in the mail. Then Hawaiian Electric will pull the power, and everyone will stand there in the dark.
But mom, how will we get to the hotel in Maui? I don't know son, swim?
Good bye, Mesa.
Techno, Alex has a 917 number which is a New York City number.
So looks like IR is out of new york and news is coming out of Houston. So it is nice that Catherine has finally brought in some help.
Something I noticed on the last press release. It says it was released as Houston, all of Mxxh prs have been Los Angeles. I dont know if that means anything. Maybe the person writting the press and releasing them are in Houston. I know spradling is in Texas.
Yah,
90% buying at the ask, and one trade and the bid and it goes right back down. Absurd.
If buyins.com keep posting that there is a naked short, my guess is that they got caught shorting a dormant company that finally came to life. So I suspect the shorts are trying to stop this and not get caught in a loss. So, yeah not real sells.
And if this is a pump and dump, this is the worst pump and dump. So I dont think it is that.
So I think who ever is naked short, is trying to stop this so they can trade out of the mess they might be in.
I think with the big spread, and the naked short mms have been playing games with it. But now that the co has decided to do something, the games but stop or at least slow down.
Nice spread. (sarcasm)
Techno, you have to be right. The 50 million share disparity between the TA and the website is right on. And if they are announcing an acquisition as per "imminent" then that must be where the 50 million is to go. I think Mxxh is back in business. We like wet holes not dry holes. Sorry ladies, but that is the truth.
MF, TA still says 262 not 312. There is an exact 50 million share discrepancy between the pinksheet website and the TA.
So with this announcement, it seems like the 50 million may be allocated for this deal. And since the deal is still pending, that may be why the shares are still pending.
Just an assumption on my part.
And you are quoting whom ("any minute now")?
Sar, is that similar to your assessment of $1500 to $1600 gold back in March?
MF, I did the same, but was afraid to be the first to post numbers. But I concur with the numbers.
Bid came up at the close today, but no trades.
Didn't we say the other day the stock is trading funny? Now it is on the naked short list at buyins.com
BUYINS.NET: MILL, PSGI, MXXH Have Been Added To Naked Short Lists Today
Jul 23, 2010 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. Miller Petroleum (NASDAQ: MILL), Prime Star Group (OTC: PSGI) and Matrixx Resource (OTC: MXXH). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net.
llbo, that is what website says, but the TA shows less.
It looks like all the trading was at the ask, except for 240 shares. Smells like MM games to me.
Looks like the same as the 8k, but it is a different lease they are negotiating on.
Did a search on Eagle Ford Shale, this is from Oilandgas.com
What is the Eagle Shale Formation? The Eagleford Shale is a rock formation located in several counties in South Texas. Oil can be found in McMullen County, Texas and Natural Gas has been found in the Eagle Ford Shale located in La Salle County, TX. In Webb County Texas, St Mary Land & Exploration has announced they are drilling their first horizontal well soon.
The Eagle Ford Shale is located directly below the Austin Chalk Shale formation and is estimated in some spots to be as deep as 11,300 feet. While the Eagle Ford Shale has mainly been tested in a few counties located in South Texas, the Eagle Ford Shale extends up toward Dallas County and has an average thickness of 475 feet. The Eagle Ford formation was named after exposures around the small settlement of Eagle Ford, which is situated on the south side of the Trinity north of Arcadia Park.
As you will see below, several companies are currently active in the Eagleford shale. Apache ( APA ) is the clear leader so far with around 450,000 acres. EOG Resources has arrived and is calling the Eagle Ford Shale the biggest oil discovery in 40 years. They obviously have acreage in the oil zone of the Eagle Ford Shale. Think about the Bakken Shale and what it did for Continental Resources ( CLR ).
Petrohawk Energy ( HK ) is drilling the Eagle Ford Shale in La Salle County, Texas. They are actually drilling for natural gas and had a well hit over 9.1 million cubic feet per day. Petrohawk has over 100,000 acres of mineral leases. Petrohawk has been famous for their early discovery of parts of the Haynesville Shale located in East Texas and Louisiana