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Looking at the weekly chart, there does not seem to be any discernable resitance until .004:
Thanks for the response
Well, what do you think would happen first - more dilution or bk?
Or are you speculating that MSEM will go bk?
That would be nice!
5.000 share trade takes out the ask. What is up with the increased volume and proce today?
Belinda - you linked me to a bankruptcy court website - I really have no clue what you are trying to explain. Are you saying that gedi is counsel in an Arizona bankruptcy matter that is somehow connected to MSEM? Sorry, very confused by your post.
Writon expressed well what my thought was, so I am going to quote him (her? sorry):
<<To allay your concerns, remember that brokerage is a very clean, cut and dried type of business not relying on a particular governmental position: Either the shipper ships or does not: Either the purchaser purchases or does not.>>
Also, with regard to financing - if there are Venezuelan investors or lenders, the government is not going to have any more right to call the money back than the private investors would. What would be worrisome is if ILCO had invested in Venezuelan companies that the government was taking over. Of course, that is not the case.
gedi- I am not sure I understand your reluctance to tell us about your conversation with David. In my experience, whenever a message board poster has spoken with a company officer, he freely shared the information with fellow shareholders. Are you an insider? Did David share inside information with you? Are you corporate counsel, or counsel for David? Or did he tell you something really bad and you want to bail? What is the reason you will not share your discussion with us? Just trying to understand here.
Thanks, Starboy - interesting stuff.
Interesting world view:
http://www.investorshub.com/boards/read_msg.asp?message_id=16051120
Good - thanks again.
1-3-5-7-9-12-13-16-18-20-22
Thanks!
That was a very poopy post
ILCO - the low of .0023 was just one 5000 share ($11.50) trade - seems like a bit of a head fake.
ILCO weekly chart:
I like the toned-down nature of the PR, you know, try not to raise expectations unrealistically:
<<CEO Taylor Moffitt stated, "We are honored to be a part of this historic contribution to mankind. We are here to help farmers, lessen the heavy yoke of imported fuel, help to create food and jobs for Americans, and offer the greatest solution to the world's need for energy that has ever been conceived since humans harnessed the power of fire itself. This is truly going to change the way the world thinks about energy.">>
Is something uphere?Bid suddenly up.
And - the US better get its butt in gear.
If there is a profit, IT'S MINE!---NOW!
Maybe 'cause market closed on 1/2/07?
As far as I can tell, much of what FFF has said here has been correct, or is at least as plausible as the idea that the management of this company is striving to increase shareholder value (and by shareholder, I mean the average retail buyer, not those with insider deals).
Chart still looks good - still within the current upward channel, and above the 200 dma:
.05 x .51 - nice spread
Some institution that had almost $300 to gamble, no doubt!
Great - thanks, Elder.
Could you ask how much was paid for them? Thanks.
One way or the other - share reduction has got to be good. The only way it wouldn't be is if the company paid a premium for them.
Yes it does.
Thanks - I had the board info hidden - why don't they put the basic information on the website?
They don't appear to have an address or phone number. I tried to email via the "contact us" page to ask them what they were - but I received a prompt for my user name and password. I entered them, but just kept getting the prompt over and over again. I found no place to "register" my username or password.
How about this:
<<With exploration and production activities worldwide, Core Resources Ltd., has established contacts and relationships with numerous industry leaders and production sites. As such, Core Resources Ltd., has numerous opportunities for interested parties. These include exploration, production and development projects as well as asset acquisitions and divestitures. Core Resources is interested in reviewing quality opportunities where our financial strength and industry expertise can play a positive and meaningful role. >>
I love the wealth of info on the IR page
Thanks, Elder, for being on top of this.
This make our market cap $1,026,000 - is there any significance that they bought back restricted shares vs. buying back float shares?
Viking - revenues do not equal earnings. If there is an increase in revenue, but earnings decrease, then EPS goes down. What you just quoted, that earnings drives stock price, would mean that share price would go down in this scenario.
Even if earnings increased, the share price could go down (or shareholder value could go down) where management dilutes the shit out of the stock - i.e. dilution could outstrip increased earnings.
If I had bought at the time I bought MSEP (February), I wouldn't be that pissed, only pissed that I hadn't sold during the last plateau.
Viking - Either you need to slow down for reading comprehension, or you are extremely arrogant to make assumptions about how I "feel" about my investment (i.e. "knots" in my stomach). I stated in my last post that I am not "dwelling" (your word) on this, but I still own it, so I check on these boards from time to time. By the way, how I feel about an investment is rather personal - what is it to you? Are you a savior?
The stock has done nothing but go down hard since I bought it, and I think management has not shown much of anything except paying themselves handsomely with money raised from selling shares to the masses. To call this anything other than a shitty investment would be, at the very least, disingenuous.
No, I am not going to leave or stop posting because you don't like my opinion. I read the same crap you do, and I have apparently reached a different conclusion about this company.
I called you FOS (IMHO) on the narrow issue of you keeping a big secret (and FFF, too) about something you say you "know" - but are not kind enough to share with this board. And, you have not answered my question from that post: "What is the big secret?"
Where do you "move on" to with $36? ($800 turned into $36 on this POS) - yes this has truly been a POS, and we currently have no idea what the ownership has in store for us. I'll sell when it makes sense to me to sell - in the meantime, since I still own this, I'm am going to check the message board from time to time - not "dwelling" on it as you suggest. It was a shitty investment and I can deal with that - and learn from it.
Question for you: why do you suggest posters "leave" everytime they state something that is less than rosy? If all posts were rosy on this one, it would not really be a discussion about this stock now would it?
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