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Profit margin and dilution is thinner than ever. The goose is cooked.
Can't agree more. We've debated, hoped, prayed, and wished for something good, but the reality is we keep getting empty promises and no results. We gambled and lost. The future looks bleak because of the lack of funding, share dilution, slim profit margin, and lack of credibility with management. I'm afraid we are out of ammo.
Another Monday passes with no PR. Sure thought we would have heard something by now. Should I assume Tom is not finding any takers to fund our projects???
And still the SP drops. I think this company has a real credibility issue and that is hurting us. Maybe a hit on the deep wells turns this upwards??
Agreed. If funding has taken this long there should be real concern. A lot of work has to be done to turn this around.
Dragon, I have it from a very good source that this is the real issue at this point. I hope Tom can secure the funding to get us back in the game. My fear is amount of ownership % we forfeit or share dilution. Again, I hope Tom gets the funds to get us rolling.
I have a problem with our SP. That's it. We've addressed the SEC issue and agree it is meaningless.
Dragon, you sure get defensive. If you call what I'm doing a smear campaign than your judgement is worse than I thougtht. We shareholders want sucess, but are we not allowed you raise valid concerns with the companies performance? Is raising the questions of dilution, project status, funding, and other relative topics smearing?? Let Top moderate and address what he feels is out of bounds. I have a right to raise theses issues because I am a shareholder and expect Tom to deliver. You sure did not hesitate to slam those other stocks in your previous posts. Stop talking out of both sides of your mouth. Let get a PR issued and get some life back into this stock. We all want to win here.
Dragon, at least you keep things interesting while we wait for our prince. You cease to enlighten us and make for some fun banter while we wait for blue skies, funding, rig arrival, and luck.
Dragon, are you my dad? I think constructive criticism is well warrented here. I have been tough on EDEX, but I'm not the one driving the SP into the ground. I want success as much as anyone, but I will not bite my tongue if I disagree with what is happening. Your defense has little merit.
That is why I bought in and I'm still here. I hope for the best.
We all are. Waiting and waiting and waiting.
Dragon, you know as well as I do that selling at this level is just plain foolish. It is about as foolish as your .80 cent promise. Many of us will ride this to zero or our luck will turn.
You have been in this a long time as have I. Where the SP is at speaks for itself. Most of the pumpers have come and gone. Most don't even waste their time rationalizing, anticipating, and dreaming of the big one anymore. It is sad that Tom promises the "prince" to the few left here. It is a slap in the face. In the end I am responsible and only have myself to blame.
I am kicking myself for not bailing at .30! I bought the BS and thought we had a long term winner here. It has been well documented that there is no ambition to return any value to the shareholder. Saw it w/ EDEX and it is no different here.
These guys line their own pockets and fleece the shareholder with their over inflated PR's.
look at the SP today. What excuses will be offered now? We keep pushing news lows in the midst of no news. We need a miracle at this point.
About due for a PR, are we not? I'm waiting on the prince Tom said he would deliver. Interesting how this (Illinois) drill is much quieter than Mesa. Just not sure what to make of all this. I felt some optimism after Tom's post, but the lack of news has me a bit curious.
OT: Anyone watch Ice Road Truckers? Great new season episode on these guys delivering drilling equipment to arctic area of northern Canada. A lot of exploration going on in the frozen north!!
Looks like we got all we are going to get. Deep wells pending and here we sit. Maybe a hit on the deep well will get things moving up??
Has everyone bailed??
I'm waiting on your .80 cent prediction. Only an idiot would sell at these levels and you know it. I'm game for hanging in there as I've been for a long time.
For those that have been long the sky has already fallen. We are seeing new lows in the absence of no news. Give us a bit of a break. If you've been in this long enough there is plenty to be nervous about. The sucess rate is pretty dismal.
I believe nothing until it is in an official PR. Even then you have to interpret and draw your own conclusion. We are all hopeful, but cautious at the same time.
Per Tom's words we should have some news on the commencement of drilling in Illinois very soon. Lets hope this reverses the trend.
Will this be the prince Tom referred to??
Lets hope so.
Ride the pump. They keep hitting gas. Now we may be in for some oil. Is it all really that bad?
Tom man-ed up and explained himself and I respect him for that. Case closed.
Thanks for the candidness and you are to be respected for your forthrightness. I consider the matter closed.
Thanks Tom.
Is this Tom form EDEX or not? You seem to know him so well or do you?? Enlighten us Dragon. If it is not (which I never stated it was) then that is welcome news.
That is not me.
Good advice. Too bad the game is played this way.
Rag, I posted this to gain the same answer. I can not say for sure if this is the "Tom" from EDEX and was hoping someone could verify. My intent is not to "tar and feather", but to validate.
I'll leave those discussion to you and Tom.
Nellie, I'm holding shares at .15, .10, and .08. I have no intention of buying more and chasing my tail. My purpose is simple awarenes as so much about this company is unknown. I wish I had known before investing, but that is DD that I am responsible for. I want to provide balance to what others say. To state the SP will be to .40 by the end of the year is irresponsible. We all hope it is, but the facts must be presented and used to enlighten.
My financial advisor warned me and I did not listen. I thought I got a good deal at .20. I've watched it tank ever since. The succes in the TPB cannot be disputed, but too many other factors are dragging us down. It is a shame.
Dragon, is this not a fair point to raise? I want Tom to succeed as much as anyone invested, but this is part of the bigger picture and EDEX's credibility. This has nothing to do with tar and feathers, but enlightening shareholders, of which I am one. I want these guys out of the shadows so us investors know the whole picture and can make informed decisions.
http://bulk.resource.org/courts.gov/c/F3/43/43.F3d.1484.94-1003.94-1002.html
Is this old news??
Are you aware of this?
Looks like we've been screwed.
Thanks Jon.
Down we go. And to think we were at .30 less than a month ago. The wheels have really fallen off here. Looks like I've gambled and lost. I'm extremely upset that there is such a lack of oversight as investors continue to be fleeced.
No good if we have no product to transport.
Good chance it will say nothing and do nothing to the SP.
Just a hunch.