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A much more orderly board today
Well the company hasn't replied to my second email, however, I left a very long message on the the CEO's voicemail in relation to the first email I received from Eric Montandon.
In his email, (Montandon's to me)he basically said nothing was confirmed about the merger and that they were still doing some bits of due diligence. He even went as far as to say, they might not even announce the completion of the merger to the market.
Factually, they cannot do that. Any material event must be accompanied by an 8K. I emailed Mr Montandon back pointing this out to him and did not get a response!
I then emailed Tom Morgan and pointed this out to him as well and said, I did not think Mr Montandon was the right person in the company to be managing investor relations!
No reply from either. So, now those who want to, still have time to load up, and wait for the news to arrive. The merger will take place, companies don't substantially increase the issued share capital unless a deal is going ahead. Increasing the number of shares is the last thing you do, at the end of the process, not just for fun.
Immie, as promised. As soon as Eric M replies
I will post his response here for everyone to see.
I have raised a query with him in response to the email he sent me this morning. As soon as he clarifies that issue (which I hope he does, I will post his response, as I'm sure everyone will want to read it.
Just so everyone knows ......
Trading pink sheet stocks if you live in the UK is VERY expensive, so you only want to buy once. Today's trade cost $75!
Immie I have done spent most of the weekend doing DD on this company.
Immie .... not that familiar as I live in London
Just amended the order as it looks like they will keep the price high today now after they have seen my order! lol
If they will sell it to me at the price I want it for. I'm expecting for it to then double, then sell half .... then keep the rest for the free ride as I've been saying.
No MM's have bitten yet! lol Better ammend the order.
Dream - is it going through then? It's my order! lol As I was saying over the weekend, I'm hoping that this doubles, then will sell half.
As far I can tell, none of the MM's over there have taken the bite yet! lol
yup I've come to that same conclusion over this weekend ..... I do see a quick move to another exchange like Nasdaq or NYSE even though if profits, the share price and new contracts all go the way wee are expecting them to.
Who knows, we might even sell gas conversion business. It would be nice to find the one that everyone else is going to say .... is the one that got away, just to be comfortable, have an ok home, and be debt free.
Smiles everybody.
jupiler.... my intentions are very simple, take a large holding, sell half when it doubles - to de-risk and then keep the rest for the free ride selling when it gets back to something like 74C or even higher!
I'm an investor just banging heads with my fellow investors. Not got any "intentions"
Read my posts, if you don't like them, please explain why?
luckypenny many thanks for your reply ....
unfortunately, pink sheet stocks are very expensive to trade over here in London. I have to pay £50 each time I tade them as the orders have to be placed manually via a dealer.
So that's why I was trying to gauge which way the price might go .... I think people might pull out for the moment now they know that the deal isn't set for completion till May.
Immie, thanks for your message ..... but ...
I'm not sure what you mean? I'm from London you see, so does that mean ....you think ...that if I put in a bid for 0.05C that you think I have a good chance of having it filled?
I must admit, I'm going to buy a good few of these, expecting to sell half if the price doubles, then enjoy the free ride.
If the company is in profit soon as is most likely, I can see them moving off the pink sheets as a matter of urgency.
What do you think?
So where will we open tomorrow .... now that the merger isn't going to be completed till some time in May?
Might give me a chance to top up around the .05C range even maybe if it falls. Anyone think its worth putting in an open order at 0.05C anyway to see if it gets filled as the day goes on?
luckypenny many thanks for your advice. I agree.
I have looked at the recent closing prices and see this goes up to about 0.008c then down again. So, I'd guess it might be being traded,shorted (as most pink sheet stocks seem to be)or just generally stuck in a narrow trading band until substantial news comes that takes it to a new trading range.
I note the adjusted high (including the issue of the new shares) was 74c in October 2010. I'm beginning to think this company has a good chance of getting back there within two years even maybe? Also, to move to one of the main markets.
They are growing organically and they also hope to acquire other companies. I thought I found this company via Finviz. I really can't find where I made me initial note of it before I added it to my Bloomberg app. Well, I'm glad I found it on my own and have made a good investment decision. The pink sheets are so dangerous, I've got burned on most pink sheet stocks I've bought .... I do honestly feel this one will be different.
I will wait for the dip next week, then put my bid in, wait for it to double as we get nearer news, sell half, then enjoy the free ride.
All my own views of course.
moxy, in the short term won't the price
Continue to rise though?
Found it - it's note 16 to the accounts.
Found it - it's note 16 to the accounts.
luckypennyz please show me where the paragraph is mentioned in your post?
This is the actual SEC posting which has everything including all the notes as well.
I still can't find it, but would be grateful if you could show me where it is?
Interestingly, I note you don't post here much like me?
http://www.sec.gov/Archives/edgar/data/1389415/000121152412000078/infrast10k2011.htm
Dream, luckypennyz, I'm so sorry, I've really searched for a very long time and cannot find any paragraph that starts or ends with the one you have quoted from the 10K issued yesterday saying that the merger will now be completed in May. So please tell me what I'm doing wrong?
I really hope its true as I'm not invested yet and would love to get some time to get in before the share price goes bananas! lol
I'm from London and not so familiar with 10K's so please show me what mistake I'm making? lol
I hope there is still time to get in, as I'm hoping to go long on this.
Dream, or any of my fellow posters, do we think this one will carry on up after the lock in agreement expires? No doubt some will sell if the price has moved substantially, but, perhaps they will also hold more than they thought they would once they see the appreciation in the share price? Perhaps?
Excellent due diligence Dream, many thanks for your hard work, it is very much appreciated.
Kind Regards
I just phoned the company ...they say lots of news expected in the next couple of weeks ......
Seems more than likely in my view ...these little companies love to surprise the market when you least expect it!
Looks like there's still plenty of upside to this one then huh?
Yup coolnapz is the dude.... problem is ...
shorters are so unaware of technical analysis, its significance and its meaning that most of it goes over their heads and they just ignore it! LOL
Best not to .....
I don't want to get the company into more trouble. But, under current circumstances, they wouldn't be continuing to complete the well unless it had been agreed by the Belizan Government.
The saddest people are those who make their living
by destroying the wealth of others. I sincerely hope your 401k performs as well as you are allowing the Treaty share price to perform!
Be careful, what goes around comes around. If you do bad things in this life, and don't pay for it this time around, boy you're all sure gonna pay for it when you come back next time!
Mike Mulshine confirmed Treaty is continuing to complete
the well in an email sent to me yesterday.
coolnapz ..... many thanks
I'm in for the long haul with this company .....
Very old News - Just Scare Tactics
If someone dumped 180m
Why doesn't it show under the shares traded? Nice try shorters!
Don't trip on your way out!
Wel it sure has gone quiet on this board since market opening?
I'm surprised it hasn't gone up more ....
coolnapz many thanks but tell me ....
was that rise to 28c after a discovery or......?
ok very interesting so was that after a discovery or......?
Hi guys, got in a bit late this morning at 8.89c
Tell me something, I like this company an awful lot, but if it really does close as high as 20c as some are saying .... will there be a significant retrace tomorrow. It seems like this stock isn't really shorted all that much compared to other pink sheet stocks that have that many shares in issue.
Jimmy