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There's some time to figure this out. This makes no sense to me. I've never seen this before where new insiders buy shares, then they do a reverse; and there aren't that many share out. Maybe the new CEO can shed more light on this.
It'll get killed on Monday, but might bounce back a bit (as they all seem to).
To be fair, EWO did not put a time line on that 40c. He did mention in earlier posts that near term could be 4c then onwards to 10c. EWO has been very realistic in his posts, and in fact, has been given a hard time in the past for being a bit conservative. 40c could be another "conservative" number from him.
The key is to be patient. When this has it's first run, lot of penny players are going to bail to catch another runner. You have to hold and be patient to realize that 40c target.
The flippers sell, the momentum stops, the swing traders sell, the price goes lower, then investors panic and sell their shares right into the hands of the people who remember why they're in this stock in the first place.
Some people here bought this stock in the .005 range in huge blocks not too long ago; did the people selling those shares “know” something that caused them to sell? Obviously not. All stocks go through this stage.
A while back I used ATRN as an example of what can happen (use almost any stock for the example). They were going through the same thing that we see here. Price was going lower, people were getting upset, some investors were getting scared out of their shares.
In fact, remember that ask AGRT had with over a millions shares? Read this from the ATRN thread
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70858513
Someone put up 1 mill shares for .044; Sound familiar? About a month later it went to 36 cents!
For those who just sold, step back and evaluate why you originally bought this stock. The same reasons to buy still apply; if it was a good deal at 1.7 cents, isn't it a better deal at 1.2 cents? I can't think of a single stock that has a better price to potential ratio than this one right now. Honestly, the way this stock is currently set up, they could probably announce they're selling widgets and the price would have a nice move up. But it won't be widgets, it's oil and gas, and we all know the potential in that field right now.
Pennies are always risky, but this one sure has a lot of upside to it.
This huge ask makes no sense to me. If someone was tipped off, they would have dumped or been more discrete about selling, and not just let that ask set there.
If someone wanted out because they want to get into something else, they would have sold it in smaller junks, and would have been more aggressive about it.
It looks like either an inexperienced investor which means all the reasons people invested in this stock are still there.
Or, somebody who knows exactly what they’re doing and is trying to scare people into selling. So again the same reasons exists to be in this stock.
Something's got to give sooner or later.
"News tomorrow? News Monday? Just know it is coming."
That's the rub isn't it? Lots of people waiting on the sidelines, hoping to get in just before it pops. We don't know when news is coming. We know it's coming, and we have an idea on what it will be: probably a new company name, new ticker symbol, new website, oil acquisition, and I'm sure plenty more; but we just don't know when we're going to see it. Everybody has their own investment style, but I prefer to get in, then park it for a while and not worry about the daily gyrations. Of course, most investors don't know this company exists yet, but they will when all the news comes out.
I did a quick search on the new CEO, Mr. Wilson. Vern Wilson has done it all in the oil business, from the ground to the refinery, along with actually teaching the subject.
http://www.corporationwiki.com/Texas/College-Station/vern-wilson-energy-inc/32009277.aspx
Little start ups like this don't usually get someone with such an impressive resume. This is not necessarily indicative of the company's future success, but it's exciting to think of the possibilities.
I'm not a technical trader and I'm not sure how well the charts can work on stocks like this one, but I know a lot of people rely on them so as an FYI, barchart.com rates this a very strong buy.
I think it really just comes down to when they bring out the news.
grizzlybull,
This is just a shell right now, but all evidence points to a new oil and gas company. The new management, which currently consists of a newly appointed CEO with 30 years in the oil and gas field (who, BTW, owns lots of oil wells himself) has up-listed to the OTCBB. The former board members sold their restricted shares, about 40 mil, to 9 separate investors/corporations who now own about 4.4 mil each.
Now just waiting for some news about the newly formed company.
As I stated previously, those new share holders didn't buy those restricted shares to sell at current prices; nor did the management spend the time and money on the filings just to sell at today's price. I think this will move once we get a PR about the newly formed company.
Good Point. Unlike some companies where the board members own 500 million free trading shares then dump them as fast as they can regardless of price; these current investors only own about 4.4 mil of restricted shares each. They're not in this to sell their shares for 3 or 4 cents. They're looking to get out at a much higher price with good volume, and because they own restricted shares, they want this to happen over time so it reaches it's peak when they're ready to sell.
When they announce the acquisition, new website, etc. this stock is going to go up in price. After the announcement and the price moves up, new investors will be entering this stock at .03, .05, (or whatever the price is at that time) and they will announce "I got in on the ground floor of a new company!" THAT will be the beginning. Hopefully from there we get some good PRs that will continue to send this stock higher.
Something else to consider: almost all stocks have their day in the sun; they always have run or two (or more) during their existence and as it's been stated before, this one hasn't started yet.
I don't know if I've seen a stock with such obvious upside like this one before. The only caveat I see is that they'll probably award the new board members with stock, so the authorized (unless its preferred stock) and the outstanding will increase. Also if the acquisition is purchased with stock it could be a considerable amount. But, even if that's the case, it may hurt the stock long term, but it won't affect the short term trading because all the awarded stock and stock used to purchase the new acquisition will be restricted, so I still see nothing but upside from the current price, at least near term.
BTW, doesn't that last 10Q Friday afternoon bring the filings up to date? If so, perhaps we'll start seeing some news soon?
Most of last week this stock would go up quick in the morning as if a run was about to happen. I believe that’s what kept the flippers from selling, holding out for a higher price. Friday morning the momentum was obviously gone, so the flippers started getting out to make their money somewhere else. Most of those flippers will be back when they have more money to spend or they think this is about to run again. Some will get in at a lower price, others will chase it higher.
Find any stock that started in the low pennies and went to .20 or .30 and then look at the message board for that stock during the time period just before it made its run, (ATRN is a recent example) and the same conversations went on that we see here. Hard to believe anybody would sell a stock with such price-to-potential ratio like this one has, but it happens all the time. When this stock moves again, the people who are sitting on the sidelines right now waiting for it to go just two hundredths of a penny lower before buying it, will kick themselves that they waited……that also happens all the time.
Just remember this is just a shell , and I don’t think a lot of people really know about this company yet; in fact, I did a quick search and it looks like IHUB is the only place anybody is talking about this stock right now. That will change when the PRs start coming out. As someone stated previously, this thing hasn’t even started yet.
Lawsuit is still going in full force, but these things take time. If they lose the lawsuit nothing changes, if they win, the company will change dramatically. Long term I couldn’t tell you how well the company will be doing, or which way the lawsuit will go. But I do know the CEO is not going anywhere, he wants to make this company successful. I guess the real issue is, how long will it take?
I think the lawsuit could end sooner than most think. I do know they are busy getting more wells on line.
Someone was buying today which brought the price up, so apparently, others think they're going to do well in the future also.
If you see Index.html at the end of the address In the address bar, delete that and it might work for you.
I see they have a new website.
http://www.txholdings.com
With a new IR company getting hired, this could be the start of something good.
TXHG - There's no news, so obviously insiders are buying now. This stock has been dormant for a while so the sell off Friday is to be expected. Lets see what the next few weeks bring.
TXHG is really moving today on much higher than normal volume. They filed a lawsuit last week, though they never had news on it; someone from the Yahoo board posted it, so that could be it, though I suspect they have something else gong on.
Now it's really moving today; something is up.
Bid and Ask both moved up on better than normal volume. It actually looked like there might have been mostly selling, but the bid continued to go higher for a while. To early to tell if something is up yet, but it is encouraging.
TXHG just released a very important 8-K today.
There was no PR so few people will know about it, or what is about to happen. In a nutshell: The majority of debt will be gone, 4.5 millions shares will be returned to the company, and there's a pending deal. The 8-K is posted on the TXHG board.
http://www.txholdings.com/
That latest 8-K has huge implications. Pending the transaction; all the debt Neuhaus claimed was owed to him will be gone (a large portion of TX's debt), he will be returning 4.5 millions shares, and there's a pending deal.
"On November 11, 2008 the Company entered into a settlement agreement with Mark
Neuhaus and Nicole Neuhaus. Mark Neuhaus is the former Chief Executive Officer
and a former director of the Company. The agreement is subject to the condition
precedent that the Company finalize a transaction with a third party involving
certain oil and gas properties within 90 days of November 11, 2008 ("Third Party
Closing"). Effective as and when the Third Party Closing occurs, the agreement
provides for mutual general releases between each of the Company and Mark and
the Company and Nicole Neuhaus. In connection with the agreement, seven million
shares of the common stock of the Company previously issued to Mark Neuhaus were
delivered to the Company to be held pending the Third Party Closing. If the
Third Party Closing occurs within the 90 day period, (1) four million five
hundred thousand of the deposited shares will be cancelled and returned to
authorized but unissued shares of the Company,(2) two million five hundred
thousand of the deposited shares will be delivered to Nicole Neuhaus and (3)
certain alleged claims of Mark Neuhaus against the Company for compensation and
reimbursement for advances in the aggregate amount of one hundred seventy eight
thousand eight hundred sixty two ($178,862.25) and a purported indebtedness of
the Company to Mark Neuhaus in the amount of one million three hundred three
thousand eight hundred seventy five ( $1,303.875.79),including interest accrued
through October 31, 2008 and represented by a convertible note dated as of
September 28, 2007 will be cancelled. If the Third Party Closing does not occur
within 90 days of November 11, 2008 the settlement agreement will be void and of
no force and effect and the deposited shares will be returned."
Impossible to say what the price might be; there’s just too many variables. I believe they may be profitable by summers end. What that will mean to the share price is anybody’s guess. I do believe the price will be much higher than it is today.
It fluctuates strictly on news; but I think that will change soon. This company has very little overhead so I believe if they pump somewhere in the neighborhood of about 30 barrels a day (perhaps less) they will be profitable.
TX HOLDINGS, INC. Reports Pumps Turned On at Parks Lease
Monday April 7, 8:00 am ET
ABILENE, Texas--(BUSINESS WIRE)--TX HOLDINGS, INC. (OTCBB:TXHG - News) management reported today that, as of this week, the pumps on three oil wells on the Parks Lease have now been turned on and have commenced production.
ADVERTISEMENT
In late January, the Company reported in a press announcement that the construction had begun, and that management was developing an operational plan for these and other wells on leases that they own. An additional nine wells will be complete in the very near future on the Parks Lease.
In order to produce and sell we were required to post a bond with the Texas Railroad Commission, and as previously reported, this bond was posted, and was done for the first time by TX HOLDINGS, INC., and not by a third party. This bond allows us to operate up to 99 wells. TX HOLDINGS, INC. has been fully inspected and stands compliant with all Texas Railroad Commission requirements for the Parks Lease.
As background information, TX HOLDINGS’ Parks Lease consists of the Company having acquired a seventy-five percent (75%) working interest in this lease. The Parks Lease is 320 acres with estimated recoverable reserves internally estimated to be 12M to 13M barrels.
William “Buck” Shrewsbury
Chairman of the Board of Directors
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
Contact:
TX Holdings, Inc., Abilene
Investor Relations: Frank Shafer, 1-480-444-6127
http://txholdings.com/
TX HOLDINGS, INC. Reports Pumps Turned On at Parks Lease
Monday April 7, 8:00 am ET
ABILENE, Texas--(BUSINESS WIRE)--TX HOLDINGS, INC. (OTCBB:TXHG - News) management reported today that, as of this week, the pumps on three oil wells on the Parks Lease have now been turned on and have commenced production.
ADVERTISEMENT
In late January, the Company reported in a press announcement that the construction had begun, and that management was developing an operational plan for these and other wells on leases that they own. An additional nine wells will be complete in the very near future on the Parks Lease.
In order to produce and sell we were required to post a bond with the Texas Railroad Commission, and as previously reported, this bond was posted, and was done for the first time by TX HOLDINGS, INC., and not by a third party. This bond allows us to operate up to 99 wells. TX HOLDINGS, INC. has been fully inspected and stands compliant with all Texas Railroad Commission requirements for the Parks Lease.
As background information, TX HOLDINGS’ Parks Lease consists of the Company having acquired a seventy-five percent (75%) working interest in this lease. The Parks Lease is 320 acres with estimated recoverable reserves internally estimated to be 12M to 13M barrels.
William “Buck” Shrewsbury
Chairman of the Board of Directors
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
Contact:
TX Holdings, Inc., Abilene
Investor Relations: Frank Shafer, 1-480-444-6127
http://txholdings.com/
News: TX Holdings Inc. Now Funded to Proceed with Drilling
BusinessWire - March 03, 2008 6:00 AM ET
TX Holdings, Inc. (OTCBB:TXHG) made the following statement, to update its shareholders and the investing public:
TX Holdings, Inc. has now received funding to proceed with its business plan, for drilling on its Contract Area 1 leases as outlined on a press release dated February 27, 2008. The source of this funding is from current Directors of the Company.
In addition, management is pleased to report that they have been able to reduce operating overhead of TX Holdings Inc. by over 75% for the current year, to a projected forecast of $766,590.00.
Finally, TX Holdings reports that all Directors of the Company's Board are forgoing any compensation until such time as revenue streams are in place on all of the Company's leases. The Board appreciates the support of its shareholders and is endeavoring to work hard on behalf of all shareholders so as to enhance future share value of its publicly traded stock.
William "Buck" Shrewsbury
Chairman of the Board of Directors
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
SOURCE: TX Holdings, Inc.
TX Holdings, Inc., Abilene
Investor Relations:
Frank Shafer, 1-480-444-6127
http://txholdings.com/
TX Holdings Inc. Now Funded to Proceed with Drilling
Monday March 3, 6:00 am ET
Company Overhead Reduced by 75%
ABILENE, Texas--(BUSINESS WIRE)--TX Holdings, Inc. (OTCBB:TXHG - News) made the following statement, to update its shareholders and the investing public:
ADVERTISEMENT
TX Holdings, Inc. has now received funding to proceed with its business plan, for drilling on its Contract Area 1 leases as outlined on a press release dated February 27, 2008. The source of this funding is from current Directors of the Company.
In addition, management is pleased to report that they have been able to reduce operating overhead of TX Holdings Inc. by over 75% for the current year, to a projected forecast of $766,590.00.
Finally, TX Holdings reports that all Directors of the Company’s Board are forgoing any compensation until such time as revenue streams are in place on all of the Company’s leases. The Board appreciates the support of its shareholders and is endeavoring to work hard on behalf of all shareholders so as to enhance future share value of its publicly traded stock.
William “Buck” Shrewsbury
Chairman of the Board of Directors
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
Contact:
TX Holdings, Inc., Abilene
Investor Relations:
Frank Shafer, 1-480-444-6127
http://txholdings.com/
TX Holdings Starts Oil Production
Wednesday February 27, 3:34 pm ET
ABILENE, Texas--(BUSINESS WIRE)--TX Holdings, Inc. (OTCBB:TXHG - News): We are pleased to report that production of oil has begun in Contract Area. The Company has received the sum of $4,119. This nominal revenue represents funds from production prior to January 31, 2008 less expenses of operation, taxes and royalties. Production will continue in the future with additional wells being placed on line. Contract Area 1 is being operated by Masada Oil, our partner in the Contract Area 1 venture.
ADVERTISEMENT
The Company is also pleased to announce that work on the Parks Lease has resulted in three wells being completed and ready for production once our operator’s bond is in place with the Texas Railroad Commission. An additional nine wells on the Parks Lease are expected to be brought to completion within 4 to 6 weeks.
The funds for the operator’s bond ($50,000.00 Letter of Credit) have been physically deposited with JP Morgan Chase Bank in Abilene, Texas. There is a requirement that we register a unique “Company Name” with the state of Texas before we can post the Bond. The State of Texas will not allow us to use the name of TX HOLDINGS, INC. because of the similarity to an existing name on record. Therefore, we will form a wholly owned subsidiary to be named the Operator for our Park’s and William’s leases. The name of the wholly owned subsidiary will be TX (GEORGIA) HOLDINGS, INC. The registration and the bonding are being walked through the system and we hope to be able to operate all our wells under our own bond within a very short period of time
William “Buck” Shrewsbury
Chairman of the Board of Directors
The latest quarterly states, “....the Company will be profitable if 85 barrels of oil are produced and the price of oil remains above $80.00 per barrel.”
Oil is at $100.00 per barrel, so I suspect they will be profitable much sooner. I also believe they probably have more than three wells on line by now.
The preferred shares were taken out, and it’s obvious they were cleaning house. They know there’s oil there, so they are taking the necessary steps to get it out of the ground. I think there’s a lot going on in the background that we can’t see right now, but I think they will make their actions public soon.
Today's price and volume tell me things are going well. I think we'll see them pumping oil in a short period of time.
I think the new management will get the oil flowing quickly. It takes time to get oriented when your new at the helm. If we see more volume and positive movement in the share price, that would be an indication of shareholder confidence in the new leaders.
(TXHG) TX Holdings Announces New CEO to Lead Company
http://biz.yahoo.com/iw/071009/0312974.html
(TXHG)TX Holdings Announces New C.E.O. to Lead Company
http://biz.yahoo.com/iw/071009/0312891.html
TX Holdings Announces New C.E.O. to Lead Company
http://biz.yahoo.com/iw/071009/0312891.html
localoil,
I left this message in your private message box, but you may not have noticed it.
You stated:
“I'd say EOR is about to hit the area in a big way and recover in 3-5 years an amount of oil equal to that ever produced from the time that operations get underway.”
I may not be reading this correctly, but are you saying they may be able to recover more oil in 5 years than they did the previous 100 years?
Anybody watching TXHG? Price and volume jumped today. Notice a lot of that volume happened during the last three minutes! The real volume and price increase should start next week.
Fully reporting and now on the OTCBB. 55 million barrels of oil in Texas. Just signed a 50/50 partnership with a private oil company in Oklahoma; and that same oil company will be bringing in more leases over the next several months (A good way for a private oil company to go public). This will be a good size oil company by the end of the year.
I'm a long term investor, but short term it will jump. There's a lot to read in the last three minutes of trading today.
Price and volume have really increased lately; people are starting to notice. I think we're in for more of the same next week. According to the interview, Doug Hewitt is going to be bringing in more of his assets to the company (a good way for a private company to go public).
TXHG -- Volume is increasing. I think it may really move next week. I hope some of you listened to this interview.
http://www.wallstreetreporter.com/profile.php?id=24803
HEG is a private oil company that is forming an alliance with TX Holdings. A good way for a private company to go public. TX is going to grow very quickly. It is way under valued right now.
TXHG -- Volume is increasing. I think it may really move next week. I hope some of you listened to this interview.
http://www.wallstreetreporter.com/profile.php?id=24803
HEG is a private oil company that is forming an alliance with TX Holdings. A good way for a private company to go public. TX is going to grow very quickly. It is way under valued right now.
TXHG -- A lot of great information in that interview today. I highly recommend everyone listen to it.
http://www.wallstreetreporter.com/profile.php?id=24803
Too much information to post here, but the one important part is that Doug Hewitt has lots of profitable properties and will be teaming up with TX Holdings to produce them. Sounds like this is going to be a pretty good size oil company.