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cyofish, I had a few conversations with the CEO of GOMD and each time he told me that I could rely on the filings and got short with me when I tried to get his attention to what was filed and what the TA was by that time saying - suggested I needed help understanding investing, etc. In all my readings back to 3/31/05 they consistently present the OS frandulently, even to the point of figuring the P$L and Balance Sheets reflecting a post R/S number - man that is about as devious as you can be. I also sent him an email asking for clarification and included wording from a filing - no written response of course. Anybody buying during that time had to rely on the OxSob signed financials of a reporting company for their understanding of things and it was off by 100 times.
Anybody disagree with this?
zagdad
mikeembye, hmmm, have you been hired as the resident basher or just don't understanded that 211's take time? Your advice to wait to buy until is good for at least two reasons 1) those that wait to buy until it is filed will get to pay more money for their shares and/or 2) you will be able to buy some at these low prices aided by your brilliant advice to others.
Guess you haven't done much DD yet. The RS isn't onj the action list. The 211 is in the works. Products are on their way. Read a little, call a little....
zagdad
mimurray, I think some of you guys and gals are gonna have to adjust the column widths on some of your potfolio worksheets/screens to accommodate the share totals spun off to ya!
Since I'm a small long and can't read the entire board not sure I know what this will really mean in the overall scheme of things! Is there any definetive post or poster who really understood it and netted it out? I will look for either public or privare post replies. TIA
GLTA, zagdad
Wonder what happened to IMing, emails, telephones, winks, etc. to cummunicate a need for shares?...MMs may need to get out once in a while...
zagdad
ganador, as I said "if the shoe fits" so wasn't taking a shot at only you but this isn't personal in any case and I think we all are here for the same reasons and we are all in a great stock(s) if we are in EDEX, TTRSI, or VTYE so keep digging those holes in NM and TX and we will all be happy campers in the end IMO.
zagdad
ganador, come-on man, help us out and let's drop the bashing/trashing - and also responders if the shoe fits. We have many of us interested, involved, invested in one or more of three O&G companies that have a business link to each other in a situation or more - so they must respect each other and none of us are doing our own choice any good by beating on the others. So boys and girls, back to the right board if you must emote so lowman doesn't have to exercise his options.
But we and our moderator should also remember that there are relationships involving them so we had better have constructive cross talk or we might run out of topics. These opportunities are positive for all IMO but we shouldn't be surprised if each doesn't react differently on a given day.
Back to lurking, zagdad
boys, boys, I'm just catching up with the posts on both VTYE and EDEX boards and think we are shooting each others toes off for no real good reasons. Both are great opportunities in their own right and many of us have these two and a few have even taken a good look at TRSI ..and likley others I'm not following so why beat each other up.
In the end it is new investors who will push us to new levels and a stop amongst us will chase then away at times. I took the time to collect and post ASAP the info from the EDEX meeting yesterday where more information about the Pala Dura Basin deal was discussed than much else it seems as it seemed like dynamite news for both companys (don't think I was wrong) - so it is important to Tom at EDEX - hell he's gonna get a free ride of 20% with someone who does that deal so why not do it if possible with a partner you know and are already working with - in this case VTYE but if you read some of the exchanges you'd think that this was a bad deal for one or the other of these companies..?? WRONG - great deal for both and the market place unfortunately decides day to day who is getting the attention/buying/selling...has little to do at times with the facts. The fact is that for both companies it is a better day with such an agreement than it would be without it!
EDEX has put together a big inventory of properties that they think are winners, initiated by PIP and they are always gonna seek and retain JV help for years to come on many deals or miss opportunities that outstrip their capabilities - and that's good....even greater when PIP proves itself to us.
So how about a truce...and a great Thursday...
zagdad
TopHat, thanks for the visit update. You found Tom as I have on a couple of visits to his offices...good guy.
zagdad
lowman, I have to see value in leases put together, especially that are based on what the EDEX team thinks are unique, maybe previously overlooked discoveries, with PIP the alerting catalyst. That's how we got together the Mesa Project and now, as TopHat reports, another couple of biggie opportunites in NM, and we know that money is spent up front by EDEX and its partners to secure acreage that they think is important to them so they must be good, right?
We also know that EDEX is not going to take the majority share of $$ or action in all of these deals until they are filthy rich in cash a few years from now from our major hit at Mesa so partners will be brought in - and if they aren't successful then down stream the whole EDEX approach becomes questionable as will there ability to raise funds as desired, etc. I am surprised that others don't realize that they have just been kind of official notified that EDEX has another free ride of 20% of a possible biggie in hand - gotta like that if you own EDEX.
So I personally love to have partners that we can know something about, that EDEX apparently has some confidence in, and that we might even chose to double down on at times. In the end, it is all good for EDEX IMHO and my shares aren't going anywhere.
zagdad
Welcome Belgians - we are starting to be heard around the world....lowman, you must be known everywhere!
Think I need to go mess with the numbers to remind us why we are all here! Back in a bit.
GLTA, zagdad
I think it is great news for EDEX - a free ride with 20% of a potentially large oportunity - many are excited about the potential of the Pala Duro Basin and again Tom, EDEX, and use of PIP has brought it to us. Someone was going to be a partner so I'm glad it happens to be something I've had interest in for a while. Lots of irons in the fire for EDEX as they keep doing the search for outstanding opportunities. The odds for huge success are with EDEX IMO.
zagdad
One awesome revelation at the EDEX investor meeting IMO!
This is a positive step for EDEX to begin yet another project and VTYE IMO. So while written with a VTYE flavor it should be of interest to all. Note the free ride EDEX gets for their efforts todate...awesome...
Fellow longs, while I wasn’t present at the meeting personally I have got some direct updates from the meeting and one in particular I want to share with you. It confirms what some of us have suspected or reasoned these past few weeks but not were confident enough about to discuss. BUT when it comes from the Presidents mouth I’m a believer!!
Yep VTYE not only has a JV position in the current EDEX Mesa Project that many of us know, follow, invested in, and are excited about but it has now earned the leadership role in the Pala Duro Basin, TX opportunity discovered/initiated by EDEX and their team. In general terms I understand that the leases under control cover over 100K acres in a section of Texas that is being compared very favorably with other proven locations in TX. I’ll wait for the master data digger Badge to help us with details on what makes Pala Duro Basin attractive as I know he became a VTYE long recently. A rough sketch given of the opportunity by Tom was that it is expected to support up to 500 oil wells, that EDEX will retain a 20% share, while VTYE has 50% interest and likely responsible for the financing, development, and operation of the opportunity. My personal guess is that maybe you have to give up 25-30% interest for the money side along the way but it appears to be a fantastic new opportunity for EDEX and Victory. The first exploration is said to be around end of 4Q/1Q07.
This is another PIP influenced major find/project. I see it as a super additional opportunity in VTYE’s basket – Williston Basin, MT., EDEX/Mesa, and now Pala Duro Basin………for a company with 78M shares OS and a pps of .024 = less than $2M cap …and for a fully reporting company…not a pinkie….
I wonder if we will see a PR and more details soon? Hope so as President Jon was at the meeting and Tom pointed to him as the place to go to get answers on the Project.
Note: This is how I heard the update but I wasn’t present and can’t confirm with absolute certainty first hand - Tophat may confirm and add more details as it sounds like he was there – always do your own DD. Just reporting folks...do have positions in EDEX, VTYE, and TRSI.
So any thoughts? Hellova a way to start the day - good news for two companies many of us have interest in.
zagdad
One awesome revelation at the EDEX investor meeting IMO!
Fellow longs, while I wasn’t present at the meeting personally I have got some direct updates from the meeting and one in particular I want to share with you. It confirms what some of us have suspected or reasoned these past few weeks but not were confident enough about to discuss. BUT when it comes from the Presidents mouth I’m a believer!! Yep ----about VTYE…are ya ready? Shall I continue?....LOL…..okay, okay…
Yep VTYE not only has a position in the current EDEX Mesa Project that most of us know, follow, and are excited about but it has earned the leadership role in the Pala Duro Basin, TX opportunity discovered/initiated by EDEX and their team. In general terms I understand that the leases under control cover over 100K acres in a section of Texas that is being compared very favorably with other proven locations in TX. I’ll wait for the master data digger Badge to help us with details on what makes Pala Duro Basin attractive as I know he became a VTYE long recently. A rough sketch given of the opportunity by Tom was that it is expected to support up to 500 oil wells, that EDEX will retain a 20% share, while VTYE has 50% interest and likely responsible for the financing, development, and operation of the opportunity. My personal guess is that maybe you have to give up 25-30% interest for the money side along the way but it appears to be a fantastic new opportunity for Victory. The first exploration is said to be around end of 4Q/1Q07.
This is another PIP influenced major find/project. For me it a super additional opportunity in VTYE’s basket – Williston Basin, MT, EDEX/Mesa, and now Pala Duro Basin………for a company with 78M shares OS and a pps of .024 = less than $2M cap …and for a fully reporting company…not a pinkie….
I wonder if we will see a PR and more details soon? Hope so as President Jon was at the meeting and Tom pointed to him as the place to go to get answers on the Project.
Note: This is how I heard the update but I wasn’t present and can’t confirm with absolute certainty first hand - Tophat may confirm as it sounds like he was there – always do your own DD.
So any thoughts? Hellova a way to start the day…..
zagdad
BMiles, kewl, everyone has their way. Just didn't know if you had become familar with the oil potential. I noticed that most don't even consider it or more likely don't know about it. Would love to surprise the world! Thanks for the continued posting to keep folks thinking about the potential.
zagdad
Okay, haven't caught up on all the emails yet so if this point has been made here already...mea culpa!
Any of you longs, visitors, prospective investors from So Calif and attending the EDEX investor meeting in Del Mar on Tuesday? Or even know someone from EDEX board or a friend going? If so, let me suggest I expect two other gentlemen to be in the crowd and available for chit-chat. Could be valuable IMO.
Mike Iorlano, current President and creator of the current TRSI company, has told me he will be there - easy to spot if you just go to the Trophy Resources web site link on IHub board), check out his picture and then scan the audience...well worth the personal meeing IMHO.
Also Jon Fullenkamp, President of VTYE, is expected to be in attendance as a JV partner in the Mesa project and possible future partnerships. Are there more JV activities possible between these companies?
Questions? Ask 'em. Pass this on to others who might care.
I hope anyone fortunate to get there will offer their thoughts on any and all activity. I had hoped to be there but my plans got derailed.
zagdad
BMiles, I asked or suggested before but let me try again - is there a reason that you put no data in the pile for possible oil discovery. Your numbers are great and good detail but if you apply the same logic and numbers for the oil potential you can double the numbers...and you also have two alternatives to reach the same targets if the gas turns out to not be the dominate factor.
Intersted in your thoughts on this as I know Tom talks about the oil potetntial and the fact that we are going to the zone it is expected to be found.
TIA, zagdad
Any of you longs, visitors, prospective investors from So Calif and attending the EDEX investor meeting in Del Mar on Tuesday? Or even know someone from EDEX board or a friend going? If so, let me suggest I expect two other gentlemen to be in the crowd and availble to chit-chat.
Jon Fullenkamp, President of VTYE, is expected to be in attendance as a JV partner in the Mesa project and possible future partnerships.
Mike Iorlano, current President and creator of the current TRSI company, has told me he will be there - easy to spot if you just go to the Trophy Resources web site, check out his picture and then scan the audience...well worth the personal meeing IMHO. Many of us are in or looking at these three hence my update.
Questions? Ask 'em. Pass this on to others who might care.
Hope anyone fortunate to get there will offer their thoughts.
zagdad
Any of you longs, visitors, prospective investors from So Calif and attending the EDEX investor meeting in Del Mar on Tuesday? Or even know someone from EDEX board or a friend going? If so, le tme suggest I expect two other gentlemen to be in the crowd and availble to chit-chat.
Mike Iorlano, current President and creator of the current TRSI company, has told me he will be there - easy to spot if you just go to the Trophy Resources web site, check out his picture and then scan the audience...well worth the personal meeing IMHO.
Also Jon Fullenkamp, President of VTYE, is expected to be in attendance as a JV partner in the Mesa project and possible future partnerships.
Questions? Ask 'em. Pass this on to others who might care.
Hope anyone fortunate to get there will offer their thoughts.
zagdad
sidestyle, the point is that you need progress as it doesn't all happen at once. And nobody is looking for anything but official filings but you can file them as they are done - they also don't finish them all at once - and you could update we co-owners, otherwise known as shareholders, as to how we are doing.
zagdad
....but aren't there a lot of filings that have to take place before we can even submit for the move? Come-on where are they? How about an update management? An expected/planned/hoped for/prayed for timeline at least.
zagdad
huskerfan, hey nice game this weekend! and likely of equal importance down the road a bit, I don't think you'll care much about whether you bought in at .04, .05, .06, ....as this is looking very good and buys at this time are early IMHO.
zagdad
Hey the board is looking good - thanks lowman. When one does the numbers this is a steal down here IMO. Gonna be fun and profitable.
zagdad
BMiles, just catching up with two days worth of posts - first thanks for the great work and details on your thoughts.
Unless I missed it I don't see anyone putting possible numbers for the portion of the POSSIBLE (that's for lowman...LOL...wonder if I could use PROBABLE?) oil discovery and reserves. As most know, while the gas side of the equation on Mesa gets most of the play EDEX and friends are extending their drilling to also look for a big puddle of oil they believe has been ID'd. IF that were to prove true then we could be talking about a gross 900M bbls of oil to spread the wealth on also - my rough calcs at $60/ brought it to near the same value as the 1T of gas. Nice!! Also give us a two for one shot when we dig this hole...I like it. Sorry if someone has included that already but too many posts to go back over.
On the TRSI/VTYE my best understanding of the situation I believe was briefly covered by one of the posts - TRSI has bought in to the partnership/JV like often happens to spread the costs so if and when they chose to go forward TRSI will bring money to the table and be a partner. The initial lease action will likely under go further qualification before a final commitment is made and in that neighborhood not much can happen throught the winter months bcause of weather and game situation best I can understand. I also beleive that this opportunity came to VTYE via Chuck Laser, a internationally known wildcatter - check him out on Google - who conslts to VTYE, which gives it an potential edge in my book.
Also it is nice to remember they are a fully reporting company - don't always like what we see but is nice to see what's really going on these days in any case.
Some great posts - thanks to all....
zagdad
nwsun, the successful filing of a 15C2-11 brings a lot of forward credibility to any pink. From then on we have something better trust for info and company action so it is a great hurdle than many pinkies either never get to or don't take the trouble and expemse to achieve - nice medal to earn - I'm looking forward to the business and I suspect that the best news would wait until they are at the next level - why waste it here IMO.
zagdad
Han, good point that I too have done the simple math on and wonder why we aren't multiple times higher now, or will be soon, based on the facts that we are about to become a nice clean "shell" (just kidding...), doing revenue business, and emerging with useful leading edge products. Can't have my shares here.
zagdad
huxley, I share similar holdings as you do but doubt seriously from my conversations that a RS is in the plan. Most important is the completion on this filing activity and success in bringing to market what appears to be an impressive set of products. Know someone who played with the beta of one of them and like it a lot. Sees excellent market in use by individual investors IHO. But then none of us likes the wait...any wait!...got to go read about the grasshopper again...LOL
zagdad
Ran across this general post on RB and wonder if anyone over here has considered the role of GOMD and benefit to its shareholders in this rumor/proposed deal. I don't personally understand how a fully reporting company can repeat over and over, in verified filings, a OS count that is apparently off by 100X in reality - how can they do that as investors could be relying on such info for 18 months now? So here's the basic quesion..any thoughts, any and all? There are of course much deeper questions but ...with respect to GOMD does one buy, sell, hold, call the SEC...???
***********
By: back2basics1
01 Sep 2006, 11:08 AM EDT
Msg. 23221 of 23301
Jump to msg. #
I'd like to solisit some speculation on what will happen with GOMD's pps, going forward.
If the R/S happened right now, I'm assuming the PPS would be $5.50. Will the PPS on the day the DEAL is finalized have avy bearing on how GOMB shareholders are compensated, or will they be piad in shares of the new Company based on some formula completely removed from the PPS? TIA
****
TIA, zagdad
EW, exactly, its obvious that we'd be a little top heavy with Ray Jackson taking on the leadership role of CEO and the previous CEO still in the trenches so now that the merger continues to procede reconsideration of where nest to contribute is likley. Ray Jackson has said that he looks forward to taking on that role and I don't expect it to be a figure head position. Carl Sherman thinks his strong suit is the sales/marketing/business development direcion of the business so what's not to like. And David is continuing to do for us what he has done best. At this point in the evolution of the leading edge of the ETLC business I'd spend that money for more feet on the street closing business personally.
zagdad
Okay, okay, no more news please....it only hurts the pps - bid at .0001 but then I don't care because I'm not going anywhere until a 0 or more disappears!! LOL
zagdad
Wow! .16!! Now who in their right mind would pay .16 for a stock that was just .10!! LOL Must be some dummy putting in an open, no limits order....! Man, today might make for interesting charts for your chartists?
Just funnin'...ain't selling....zagdad
Fringe, thanks for the clarification - I imagine to most, including me, your intro didn't suggest your inner most thoughts! LOL
Irregardless of the ups and downs with EDEX itself, if Mesa is successful, that deal alone will mean major revenue bucks to VTYE and they are cheap here IMO. Not to mention other activities.
zagdad
Will some news, maybe a contract to show that they are in business be what we need next or maybe progess on the filing or ?? tic-toc.... As a developemtn company turning that first corner is always a biggie to me..we do have a successful Beta test ..so show us some $$ and we might make it to the next level.
zagdad
Loanstew, please tell me why you constantly allow posts that have no merit based on any fact and in fact contradict facts about the company and its intentions and actions and yet you are quick to pull comments about what is really going on? Anyone reading such bashing, degrading posts of others would recognized them for what they are yet you chose to just let them ride.
If you have noticed finally RB has done something about these same individuals and their posting. You think maybe you need to review your evaluation criteria also. Finally my post were very mild and I doubt anyone would see them as threatening - maybe if you repost them and get a board vote we can return to some sort of democracy here - we are still in America are we not? You also by chance are the moderator on the only two stocks that these same individuals show up, are constantly negative, admit they don't own any stock nor likely ever have and yet they just take over the board because who needs to do anything but eventually invoke Iggy.
I also asked you whether you were an investor in this company and why you are the moderator? Have you discussed the company with the executives of the company? Do you do data discover on your own? It would be of interest to many of us who have invested in the company.
Thanks, zagdad
Some MM must have tripped over a ticket from a few months back...zagdad
Well Yorick if you are here for the truth pick up the phone and call Tom at EDEX and he will gladly discuss it with you. If you are here to kick them in the shins have fun but most of us have verified facts such as this one and believe what we hear.
zagdad
cyofish, I had the same experience and by the time I finished my second call with him he expressed a concern that I didn't understand stock, etc. I then gave up. The fact is that in every filing since 3/31/05 they have stated the lower number, after split number, and those officially Ox.Sob verified and signed filings are the only materials we investors have to rely on so they can't use one set of numbers and have people since 3/05 buying based on them and then say - wow, sorry folks we rather use the others....and no notes of any kind except one whisper in one filing. Past tense verbs usually mean something to me - like its done! Seems like a serious violation to me.
So mark me down if you get through to someone on this I'd be glad to discuss it further.
zagdad
OT - roben, so you must be under 80 and using both of your fore fingers when typing...dammm, your just too fast...next thing I'm going to realize is you can spell...I give up!
Go EDEX...up!
zagdad
Loanstew, well now you have also deleted my post to you asking why you have deleted a previous post. If that is your style it doesn't appear to be in the context of the "rules of the road" and I'm wondering why you should be the board moderator as you seem to discriminate in what you chose to have here and what you take off with out explanation. Do you even have an interest in this company? Are you a shareholder? I am a long, have done likely more DD on this stock than 99% of the investors in it so I do think I know what the story is.
If you have a problem with my post this time please tell me who at IHub to talk to about your action.
zagdad
sorry Robin, didn't see you typing!! LOL zagdad
Yorick, if the "dry hole" you are refering to is the recent miss at Glascow let me offer that it wasn't a dry hole but truly a miss because, in their opinion, it was caused by some mid-drilling course deviance that was not caught in time. They did hit the edge but feel like it was better to plug it at this time and return in the future than it was to go after the minor production output that completion would have brought. Other factors at play as to the whole story but will let you puruse previous posts to get it all. IMO Glascow will eventually move to the success side of the ledger.
zagdad