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What is with the 5000 size sells? MMs?
Who knows that may be all the trading we see today hahahahaha. It doesn't even look like we can break 500k today. But isn't it after a big move up, when the volume dries up consolidation is over?
And here is the Loand and Grant Information for the Valley Telephone Cooperation which got those grants
http://www2.ntia.doc.gov/grantee/valley-telephone-cooperative
Heres a Map of all stimulus money but I cant seem to get it to work
http://www.recovery.gov/Transparency/RecipientReportedData/Pages/RecipientReportedDataMap.aspx
and one of our competitors for stimulus money
http://www.marketwatch.com/story/omnicity-reports-on-its-21-million-in-broadband-stimulus-applications-2010-08-09?reflink=MW_news_stmp
Well according to the Broadband USA website I put the link up earlier, all of the stimulus money that they have has to be "obligated" out by Sept. 30th 2010.
From the RUS Broadband Initiatives Program PDF:
"What is the deadline for BIP to award all the funding available in Round 2?
While all funding for the BIP initiative will be finalized by September 30, 2010, RUS intends to finalize all award decisions by September 10, 2010, to ensure that all funds can be obligated by September 30."
So by Sept 30th we should know whether or not we got money.
Thanks for the footnote, its interesting to see that it was compensation rather than just buys.
Also looking at the past PPS, in 2007 when they got the 1 million contract from US Banknet the PPS went from .15-.20 to .40-.50. Also when they got the 9 mil Louisiana Bank and the 6 mil with Iberville Bank in July of 2007 the PPS went to 1.50. So in total they got contracts for 16 million and the PPS went from .15 to 1.50. Now this is stimulus money so its low interest loans and government grants, not contracts, but i would be looking at the .60 range (IMO) if they also close one of the O&G contracts as well. Who knows maybe even hit $1 if the momentum is there, wont stay there for too long though.
Remember government money is as close to FREE money as anyone can legally get.
We can always take the insider trading post down off the sticky when news comes.
List Of Insider Trading
http://www.reuters.com/finance/stocks/insiderTrading?symbol=ERFW.OB
What do you guys think of the "Second Review Letters"? The site says they sent these to only a "limited" number of applicants requesting additional information. I would think that since ERFW got one of those Second Review Letters that they would have to be in the running or in the "final selection round" right? or else they wouldn't have asked for additional information from a limited selection of applications. They did this with the "middle mile" applications as well.
Hey guys sorry ive been out of town. Premier, I can't PM but in answer to your question yes that would be great!
While searching the internet I finally found this
http://www.broadbandusa.gov/BIPportal/index.htm
and for the PDF of all applications
http://www.broadbandusa.gov/BIPportal/app_directory.htm
Maybe news tomorrow morning?. who knows, imo of course
I mean ive seen closings like that before but usually its people within the company calling family members to buy so and so stock before a news release. MOPN does that all the time right before the close on a day when news is coming out. HUGE spikes of volume all on the buy side. Like yesterday hahaha
did anyone just see that? did something come out? almost 500k worth of shares in 5 min
They NEED to get the 31 mil in govt grants. They cant afford to keep diluting the stock for loans/debt. If they don't itll be the same old same old. They have been working on getting those since 2009 and from past PR's Cubley said that companies can spend up to 100k in preparation of these applications.
Unfortunately I doubt that they paid in cash because they only had 75,000 on hand and they are only getting 1.4mil in revenues per quarter so unless they spent a little less than half of their revenue on paying back that debt (which I doubt) they had to have done a dilution of some sort
Me too but I dont think its going to be anything amazing. I am long and hope it blows everybody out of the water but I really doubt it will. They will post a loss imo like they have done for years but hopefully it is a smaller loss than the 1st quarter. I would also like to know if and so how much they diluted for the convertible debt. In a convertible debt repayment was cash great but I dont think they had 600k on hand from the last 10Q. It would say a lot if there was no dilution in the past quarter but its doubtful as seeing the company has posted a loss for every quarter the past couple years. Once again I AM LONG but I'm just saying dont expect the 10Q to be anything spectacular. I am holding to see if they can get those 31 mil in government grants/loans.
We need news to get this baby going again. imo
WOW! a 200k lot sell then immediately after comes a 500k lot buy. People are throwing around some serious cash in this penny stock today
Technically its a Hanging Man candle, but i think that the MM's wanted to close the very small gap from .0675 to .07. However it does show that the Bulls are definately in power at the moment. For all the selling today we end unchanged, pretty good sign ahead. We just need a green day tomorrow.
again with the b*tch bidding at the end. pounded the .08s for a good 30 min then the last few prints are 5000 at .078, 7500 at .07, and 10000 at .08. There are obviously games being played, the bid magically drops off at the end of the day and the MM buys 7500 at .07 are you kidding me? Pounded the .08s with 250,000 and 5000 at .078 takes the bid down to .07?? man if that doesnt scream manipulation nothing does
.08s are getting pounded
I think they were shorting because they thought more people would panic sell and now that they didnt, they are covering their positions.
Its really laughable when you watch the T&S go by.
Well they all went through and now the stock is oversold (Stochs 5,1,3)
Some of my .07s just went through
Oh I know thats what they were doing friday. It went down on 5000 lots of selling right after a 250k lot buy. I agree they are trying to induce panic again today.
High Sell Volume today though. Profit taking im guessing. Ill load up some more when it gets down to .07
Here are the Insider Buys and Sells for the past 10 months or so
A/D Price Total
8/6 Smith R Greg +69450 at .06 2,278,398
7/12 Smith R Greg +104175 at .04 2,208,948
7/9 Jones Mike +187500 at .004 801,831
6/8 Jones Mike +136364 at .055 614,331
5/12 Cubley Dean +10000 at .092 821,000
+44500 at .095 864,800
+45500 at .01 910,300
5/5 Jones Mike +75000 at .1 477,967
4/5 Jones Mike +50000 at .15 402,967
3/2 Smith R Greg +26044 at .16 1,959,559
2/9 Jones Mike +39474 at .19 338,092
1/8 Smith R Greg +16027 at .26 1,911,583
12/8 Jones Mike +30000 at .25 269,771
11/9 Smith R Greg +13890 at .30 1,878,888
11/5 Jones Mike +25000 at .30 263,771
-8000 at .32 255,771
-8000 at .29 247,771
-8000 at .37 239,771
10/23 Smith R Greg -15000 at .33 1,864,998
They've all been loading up since last november. people dont do that unless they know something especially Greg Smith who is the VP
MM shenanagians. two big buys 240k at .09 and 115k at .084 and then the push it down to .08 on like 7 5k trades at down to .08. wow they definitely wanted the chart to show a trend reversal.
Some big buyers at the end of the day. a 240k at .09 just went through
I think we may push up to .15 and then have a little retrace. There is a very very small gap from yesterday but im talking like .0687 to .007 so i dotn know if you could even call that a gap. I'm just going to try and scalp as many shares as possible before they announce whether they got any of the 3 govt contracts for up to 31 mil in late sept.
Oh I definately agree. I just got in yesterday early after the news. Been watching it for a couple weeks now and was waiting for some kind of pullback but never happened. Its impressive they paid off 600k in debt in roughly 4 or so months. Chart looks great and the T-trade right after the bell was also a great sign too. 250k shares at .093 i believe. People obviously wanted in. This stock is just taking a breather today, market is way down, and ERFW made quite a move in the past couple weeks. And lastly, if you check out the SEC filings, over the past 9 months insiders have only been buying more and more stock and havent had a sell in about a year i believe.
MM's playing games to try and steal some shares
Hey narvo0, send that along to Wayne and Charlie. They probably already know about it but wouldn't be bad to send it anyways to make sure.
Just wait until a hurricane picks up and throws all the dispersed oil onto land. Then you will get a good idea how much oil is really in the ocean. Unfortunately that would probably decimate any town in its path.
But it would then be on land and we then can finally use loose sorbents to pick it up
Skimmers can't get to the countless hundreds of thousands if not close to a million gallons of "dispersed" oil under the ocean surface. It's just another ploy from BP to tell the public to forget about this whole oil spill. Everything is smoke and mirrors with BP.
Its cause the EPA is controlled by the US Govt, and the US Govt. is being led by the nose by BP. You can't tell me the landfills they are throwing this beached oil and all the cleanup materials in are made for that? And yet, the EPA knowingly allows BP to and even goes so far to nod their heads and say its ok. The EPA is a joke. They used to get bent out of shape at the steel mill when we would spill like 1 or 2 barrels of cooling oil (light crude) and would be at the mill in a heartbeat. But BP can spill millions of barrels and bury the waste in landfills and thats ok?
Sorry for the rant but it again proves that MOP may do well in Canada cause they actually have agencies that care about their environment. And plus what people have mentioned before, there is a lot of oil that can be recovered from the oil sands in northern Canada.
China's Oil problem is growing. Maybe that Global Sales company can send some over there if they got any contacts.
http://www.msnbc.msn.com/id/38337393/ns/world_news-world_environment/