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We have a copy of the lease of the cameron parish school board property. I found it accessible through the cameron parish school board website about a month ago.
MFI bounced off the oversold(20) hard, volume broke out of it's tumbling downtrend, and we seem to have found bottom at support in early April's 0.004X bounce. Lookin' for another white candle tomorrow for the reversal.
Look at the spread. . .
NITE 0.0048 5000 15:21
AUTO 0.0047 200000 15:20
ETMM 0.0045 113000 14:28
UBSS 0.0043 999900 15:23
VNDM 0.003 5000 13:30
FANCF 0.0017 5000 03/29
DOMS 0.0009 5000 13:31
RAFF 0.0001 5000 05/09
HDSN 0.0001 5000 05/11
VERT 0.0001 5000 14:47
LAFC 0.0001 5000 14:49
VFIN 0.0001 5000 14:49
ASK
MPID
Ask Price
Size
Date/Time
ETMM 0.0058 202144 14:49
NITE 0.006 50000 15:17
DOMS 0.0062 5000 13:31
AUTO 0.0068 465000 15:20
UBSS 0.009 925000 15:23
VNDM 0.01 5000 13:24
RAFF 0.02 5000 05/17
FANCF 0.021 5000 03/23
VERT 0.059 85000 05/18
LAFC 0.1391 5000 05/23
HDSN 125.02 100 05/13
VFIN 2000.00 5 12:12
MPID
Bid Price
Size
Date/Time
NITE 0.0051 25000 14:55
AUTO 0.005 1000000 14:48
ETMM 0.0045 113000 14:28
MPID
Ask Price
Size
Date/Time
UBSS 0.0055 532500 14:59
ETMM 0.0058 202144 14:49
NITE 0.006 25000 14:45
AUTO 0.0062 100000 14:48
I'd like to get some 14s to continue this pennant flipping before it closes up and moves, but it's looking like this is the bottom for now.
Your comment isn't even relevant in response to mine. Did you understand what my comment said?Lookie lookie, the ask is being hit and it's moving back up just like I said. Look at the L2 thinning out, look at the tape, the trading has been exactly how I said. Tons of buying, then minor selling brought it back down by people hitting the bid taking profits and now the buying has returned. If you know it should be much higher than what are you worried about? I don't think anyone has forgotten that we were much higher a short time ago. We're currently up 15% on the day and moving up. You sold out at the bottom and now it's moving back up, too bad so sad.
Buying drove the price up. MM's make money on the spread and frequent trading, not as much directly through PPS increases. There was very little selling in the higher PPS range of the day. All you saw here with the price drop after we hit 6s was people taking profits, likely people that have lost confidence and wanted to get out at a higher price. Less than a million shares sold on the move down from .006 to 0.0046, but over 16,000,000 in volume to get there, mostly buying. It's going to creep back up through the end of the day, you can bet on it.
Bid's movin' up.
LOL at the guys that panic sold in the low 4s. Suckers.
Didn't you say the TA was gagged before when they weren't? Have you actually talked to the TA? If Renfro were dumping shares he would have done so at a cent+. He holds over 444,000,000 shares. There is zero indication that he's selling into the float, your theory is based on pure speculation with nothing to support it. If Renfro were dumping that enormous volume into the float, you would see way worse PPS action. This bleed is lack of news.
BTW, to all of you that e-mailed me, I'm responding as quickly as I can, I'll try to get back to all of you by the end of the day. GLTA
Yes, nothing much to be learned from the e-mail itself, but the fact that he is responding is an important development, which is why I asked for proof.
Goforit, I followed you here from another board, I no longer have outgoing PM. I hope you see this before it's deleted. If you send me your e-mail in PM, I will gladly forward you all that I have received.
My apologies mods, I had no other way of contacting him as he had never posted on the board in question.
Although it's impossible to authenticate it simply be receiving a forwarded e-mail, there are quite a few key markers that I look for when viewing a forwarded e-mail to determine whether they are forged or real, and they were all there. I'd rather not publicly state what those markers are as they would instantly become useless when dealing with anyone on this board, but if you send me your e-mail I'd be glad to share them with you.
I'm comfortable saying that the e-mail responses from Renfro were most likely legitimate and I am now operating under the assumption that JR is currently responding to e-mail inquiries after a long period of silence. Hope that is sufficient to answer your question. . .
This is exactly why I feel information is useless unless it is proven. I've said it 1,000 times before and I'll say it again, everyone here has a motive, myself included. Trading strategies need to be based on proven data and information, never opinions and extrapolations.
I have finally received a forward from someone who spoke with JR. Thank you Earl, whomever you may be here.
There was a hell of a lot of shorting in BRZL before the beginning of this intraday downtrend. Weren't you here? Almost half of the volume every day was short volume from ~May 5 - May 12.
I bought in the 0.003Xs and sold most in the 0.01Xs. When people base future PPS values on current PPS values alone, you know they haven't got a clue how to play penny stocks.
Why post them if you won't screen shot them? Maybe I'm the only one that cares about posting credible information and backing it up with sources, but I shouldn't be. This has all happened before if you forget, and the last time the e-mails were BS. I think news is on the way which is why I'm still a shareholder and didn't take ALL my profits in the cent range. It's just obnoxious that this BS keeps coming up and people get excited, but the sources of the BS refuse to prove it. When I received a response from Nazir about the website, I posted screenshots and forwarded the e-mail to over 30 people that asked. Why is it wrong to expect claims to be supported? That's a dangerous game. If I traded based simply on posts with no support, I wouldn't have a garage full of $250k of cars, I'd be driving a Toyota Tercel and living in a 300 sq ft apartment in downtown Detroit.
About the e-mails. . . unless you screenshot them, I am taking them about as seriously as I take Dora the Explorer's life advice.
Sure can, but if you want to make money in pennies, that's how you play IMO.
Wishes and hopes are irrelevant. Fact is, this isn't going up big on anything but news. Whether you believe that is coming or not is up to you. If you don't, my advice is and always has been to sell. If you do, intraday PPS action shouldn't concern you. I feel like a broken record, but that's better than having broken ears like some posters I guess. . .
That's the lawyer in me. Just count yourselves all lucky I don't practice or the USA would be a scary place for some. LOL. Thanks though.
Tob, want to add a copy of the CPSB lease? It's here. . .
http://www.camsch.org/policies/manual/Minutes/03-01-21.htm
"WHEREAS, the Cameron Parish School Board feels that it is in the best interest of the Cameron Parish School Board to accept the bid of Renfro Energy, LLC.
NOW, THEREFORE BE IT RESOLVED by the Cameron Parish School Board in regular session convened at the office of said School Board in Cameron, Louisiana on the 21st day of January, 2003 the bid of Renfro Energy, LLC be accepted, and
BE IT FURTHER RESOLVED that Clifton Morris, President of the Cameron Parish School Board, be and he is hereby authorized and directed to execute on behalf of the Cameron Parish School Board an oil and gas lease in favor of Renfro Energy, LLC covering the above described bid as submitted and said lease to be subject to the approval of the State Mineral Board."
Why would JR care about intraday trading for penny flippers when he continues to hold each and every one of his shares and the RM hasn't even completed yet? Current PPS is of ZERO concern to JR and there's no reason it would be. JR is concerned with the merger and the FUTURE of his company, not $500 flip-trades of some newbies on Ihub. It quite literally has no impact on the future and his personal holdings considering he isn't selling.
If you're new to pinks, which you obviously are, I'll tell you a secret: Buy at the bottom, flip out potential losses and ride free shares. Always. Pinks move on air and can reverse in an instant. You don't lose or win until you sell. That's why we say every single day, buy what you can afford to lose and trade, don't marry. You'll notice that the people holding the most shares are the ones that aren't freaking out because we know what we're doing.
Every time it hits high 12-14 I pick some up and flip 'em for near double a few days later. Forming a nice little pennant here the past few weeks.
Please stop posting e-mails without screenshots. No offense, but simply your word is not worth a dollar.
We shouldn't have to sticky it. I have posted it a thousand times Let me tell you something about Rainmaker's posts here.
He said the option to buy expired. . . EHHHH WRONG! Check the filing I just posted for the thousandth time.
http://secwatch.com/brazos-international-exploration-inc/10q/quarterly-report/2011/2/22/7589943
He said a company known as, "Renfro Energy Inc." was on the Cameron Parish School Board Lease. EHHHH WRONG! I just posted the actual lease an hour ago, check it out.
http://www.camsch.org/policies/manual/Minutes/03-01-21.htm
I asked him for the source where he found it was under "renfro energy inc," not "renfro energy LLC" and he ignored it. Big surprise.
He pumped the hell out of this, then decided to contradict himself 100 times with a bunch of straight up lies and when we call him out on it, he ignores the fact that he has been PROVEN wrong.
I'm goin' out to dinner. This is getting really old.
Tenth time now? The option to buy has not expired. Check the filings.
http://secwatch.com/brazos-international-exploration-inc/10q/quarterly-report/2011/2/22/7589943
How many times do we have to reference the filings stating they mutually extended the deadline indefinitely? What number is this ~ 5, maybe 6? I'm still waiting on your explanation of why you continually claimed that Renfro Energy Inc. held the lease on the property when the lease itself clearly states, "Renfro Energy LLC." I have a feeling I'll be waiting forever on you to admit that you were 100% wrong about that and you are 100% wrong about the deadline.
I'm tellin' ya, just play the 200ma. It's been fantastic so far since the G-cross.
I just gave you an example of a stock that ran to a market cap of $500,000,000 from under $3,500,000 on nothing but hot air and momo. If Brazos releases confirmation of the merger followed by PRs regarding other acquisitions, the sky is the limit and something along the lines of a dollar could be possible, but highly unlikely. The question now is whether you believe that's coming. Current trading range has no bearing on absolute potential if _____ happens. The only thing the current PPS reflects is the doubt most investors have that it is going to go through, nothing more. Just like every pinksheet stock, it's about mass psychology and almost nothing else.
Renfro doesn't care about the current PPS because he's not selling his stake. Why would he care about any of the current price action when he knows it will be much higher at a later date if the acquisition is completed? The fact that any of you would claim to be "long" then complain about current PPS is hysterical. If you're really long, the only PPS that matters is post-acquisition. Like I said, current PPS only reflects fear from those that expect to make a quick buck, not future potential, however far off that may be. If you knew what you were getting into, you would be riding free shares already and the current price action wouldn't concern you.
The CPSB lease ("the property") is in the name of Renfro Energy LLC. Petroleum Capital is the operator, not the lessee. Go ask Rain, he tried to claim that it was in the name of Renfro Energy Inc and I posted the actual lease here three times for him to see. Of course, not surprisingly, he ignored the fact that he was dead wrong and decided not to respond :)
http://www.camsch.org/policies/manual/Minutes/03-01-21.htm
"WHEREAS, the Cameron Parish School Board feels that it is in the best interest of the Cameron Parish School Board to accept the bid of Renfro Energy, LLC.
NOW, THEREFORE BE IT RESOLVED by the Cameron Parish School Board in regular session convened at the office of said School Board in Cameron, Louisiana on the 21st day of January, 2003 the bid of Renfro Energy, LLC be accepted, and
BE IT FURTHER RESOLVED that Clifton Morris, President of the Cameron Parish School Board, be and he is hereby authorized and directed to execute on behalf of the Cameron Parish School Board an oil and gas lease in favor of Renfro Energy, LLC covering the above described bid as submitted and said lease to be subject to the approval of the State Mineral Board."
Renfro Energy LLC owns the working interest in the property and if BRZL completes the acquisition of Renfro, will acquire that working interest and in turn, oil produced by the property and it's proceeds, less the royalties due to the school board.
I don't think it's likely either, but it sure is possible. LEXG went from 0.07 to over $10.00 in a month and a half to a near $500,000,000 market cap. If this merger is eventually completed BRZL will have more real value than LEXG by far. It's very possible.
IMO this has simply become more of a huge reward huge risk situation. The trading is easy to play, so get in at the right time, sell later and ride the free shares. JMO.
I feel bad for the guys that listened to "trip zeros coming" and sold in the 5s. What a waste.
I love playing this off that 200ma. It's such a nice trend.
Oh boy. I'm just going to say, anyone that has been in on the big breakouts before has seen what ihub looks like just before. . . I'm getting excited.
Sure, why not?
I'm waiting for another rise EOD. So predictable.
How has it been missed considering today, Monday i.e. the day AFTER your post, is the 16th? I didn't put any words in your mouth, I assumed you thought it was a deadline for the deal because I mistakingly assumed you misunderstood what the deadline was for based on your previous misguided, misinformed posts about a deadline that was clearly extended indefinitely by both participating parties for those of us that have read the filings, but obviously you just don't understand basic logic. How is not missing a deadline a red flag? Is the filing late yet? No. How is that a red flag?
Here are the facts for you
Filing deadline: May 16th 2011. What is today? May 16th 2011. Seems like the deadline has yet to be passed to anyone that can read a calender.
Closing deadline: extended indefinitely. . . not missed.
The filing is due May 16th 2011. It is not late until May 17th 2011, unless of course they receive an extension. Either way, the filing is NOT currently late. Do you understand now? Do I need to explain further why your "bad sign" holds no water whatsoever?