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My post that you thought was "sincere" (thanks for your honest comment) was deleted by the moderator of this board. I'm in shock, to be honest, I have no idea why my post was deleted (was it a mistake, Mr Moderator?) I'm no basher and I was just being honest.
Read post 7450 by LoneWolf - what's the difference between his post and mine? Mine was even gentler ...
Sheeesh, the moderator here must be losing a bundle on SFNN
GLTA
Opp
Yup, 1 trade (in 4, 125k lots), costs me $10.
Opp
Thanks to all. That's just plain weird. I use StreetSmart on Schwab. Still can't see all 4 lots, only 1 (followed by the 460,753 lot 5 minutes later).
See something new everyday. But who'da thunk that a company that makes funeral urns with a baseball on top would be a 'hit' (pardon the pun)?
GLTA
Opp
Weird - bought 500k at 0.0039. Got it in 4 lots of 125k each. Only 1 of those 125k trades is showing on the ticker at 15:41, the other 3, 125k lots don't show. Did I blow away the system? Perhaps it needs a casket
Opp
C'mon longs, here's your chance to average down, 80k at 0.0125 on the ask right now
Opp
Why do you say that? My UBSS shares for sale are real, 80k at 0.0125 right now if you want them ...
Opp
SFNN = "Surely Falling Near Nada"
SFNN = "Supervisors Forward No News"
The "discount pricing" you refer to is of course "1 day only" - because tomorrow it will be cheaper, and the day after tomorrow it will be cheaper again ...
I had 700+k to sell using this "discount pricing plan" - it has enabled me to see 2/3rd of my holding at 0.016, 0.015 and a little more today at 0.014 and 0.013. At this rate, I will be able to buy it all back at 0.01 (or maybe 0.008) ...
Too bad my initial average price was 0.02 ...
MB, you just don't give a damn, do you?
Opp
I think SFNN's internal memos, from CFO to CEO to IR, etc probably read much like this board does ...
... no, that is too harsh, because I forgot - SFNN Management cannot write, that is the reason why they cannot release PRs with updates ever ....
Opp
Whis is SFNN due to release its annual PR for 2007?
Opp
hitemp - I get the feeling that all the old SFNN investors have dumped that sleeper and (judging by the number of posts they are writing here) have brought their time, energy and money over to EVSA ...
Opp
Smart move, I've bag-held this one for too long. I too am about to jump ship. Should have done it yesterday ...
This company still refuses to update its shareholders with news. Why is that the case? Ya gotta wonder why ...
MB, you just don't get it do you ...
Opp
hitemp - many of us are still holding here but are losing faith, or at least I am. The chart technicals look terrible right now.
If it breaks 0.015, you will see a sell-off and an exodus. Is that what this Management wants? They seem to do little to defend their share price and/or inform their shareholders. Are they allergic to PRs? Or do they have nothing positive to release about their (OUR!) company? There are too many other penny stocks out there that behave the same way, and almost invariably, their share price ends up in the toilet ...
If you have MB's ear, tell him at least one of his larger shareholders is losing patience and faith - and I bet that I'm not the only one ...
Opp
That thin ask at 0.02 is a real good sign IMO. Longs still believe in the company, thinking they have no reason to sell. People also still have patience - again, there's belief here on the part of longs (myself included), shareholders are willing to wait and are not getting fed up and selling at the bid price just to get out ...
Sellers have no reason to sell, but buyers also think there is little reason to buy. We need some news to give those on the sidelines a reason to jump onto the playing field ...
Where is hitemp, is he posting these days?
GLTA
Opp
That was tape-painting at the end of the day, you know that. Almost 1 million shares traded today between 0.0090-0.0098. The chart looks terrible. ADX is floating in the middle of nowhere, RSI is in the toilet. CMF is often a misleading indicator. Weekly chart looks even worse ...
I watched the tape carefully at the EOD. A couple of MMs pulled their 0.009 bids with 2 minutes to go - that typically happens. The tape painter bought at the ask of 0.012 with 30 seconds to go - but someone outsmarted him and sold at the bid at 0.0105 with 15 seconds left (!)
The MMs will be buying/selling between 0.009 and 0.01 at the open tomorrow, I'd bet on that ...
I predict tomorrow will be no better than today for BIGN - most trades under 0.01, low of the day maybe 0.008, close under 0.01 most probably. We'll see ...
GLTY
Opp
Hmmm, you got me with that reply, I'm speechless.
I do hope BIGN succeeds with their deal ...
GLTY,
Opp
Today I sold 500k at 0.01. What if I buy back 1 million shares at 0.005? Am I still a fool?
Opp
Yup, sorry, I relented and dumped my entire 500k at 0.01. Shoulda done it sooner. Maybe I'll regret it, who knows, but at least my SFNN is on the rise today ...
I'll look to buy back 750k BIGN at 0.005 or 0.006 ...
GLTA
Opp
Well folks, I'm selling some now, Joe Burmeister makes some good points. I too work in the oil patch, deals do take time but not forever. And PRs can be written in such a way to indicate things are CLEARLY progressing by giving some useful facts without giving away any sensitive info ...
The bottom line, IMO, is that this company is too slow at making deals, and lousy at writing PRs and informing shareholders. I've written emails off to the company in the last 2 weeks and have received NO reply (?)
I'm not bashing and I don't think this is a scam - I'm just cutting back from 500k to 250k. I can always buy shares back in the next week or two when it trades below 0.01 ...
... and the technicals look terrible now - gotta admit that. I am not happy it's traded below 0.01 again today, that's the second day and it's a grim omen IMO ...
It's all very sad, IMHO, Management 'just doesn't get it' ...
GLTA
Opp
Maybe just a few shorts finally covering (there shouldn't be too many out there loony enough to short this anyhow, however, there's always a few ...)
At least the sellers have finally dried up temporarily - that's a good sign
Opp
Thanks Satori (eom)
Anyone have Level 2 this AM? TIA, Opp
Well, I'm not amused, looks like a new all-time low here on the way ...
Does the Management care?????
Opp
Somebody's dumping their shares quickly, I presume at the bid of 0.012 ...
Anyone have Level 2 for BIGN?
TIA
Opp
Good to hear hitemp, thanks. A decent web page does NOT cost that much, yet it has a big perceptual impact (i.e. low cost, big reward) - it's the public face of the company for most people, as we all know, hence it's important to do a good job on it ...
Looking forward to professional-looking improvements in their website - for now, it's good to see that MB et al recognize the need for improvement here and at least are doing something ...
GLTA
Opp
I guess MB isn't "sick sick sick" enough yet (eom)
Yes, this is bleeding to death, despite all the potential and 'promises' of big things to come ...
Time to call the company and politely vent a little. They just don't seem to "get it" - good intentions don't cut it here in pennyland, only actions do. It's not rocket science - news and PRs with data and actions are required ...
Maybe they're aiming for sub-pennyland. Keep it up MB, you could be there sooner than you think ...
Opp
I tend to agree ... (eom)
Peak Oil - another question/comment ...
You wrote:
It is anticipated that oil content will increase as the fluid level in the borehole declines.
Well, IMHO and experience, it don't work that way. The % of water in the overall produced fluid will never 'drop' if the total fluid level drops - the % is the %, it's fixed - and it always tends to increase (that's the nature of this biz). Water cuts only decrease if you do something to isolate yourself from the water - like perf higher, set plugs, re-complete, etc ...
You also wrote:
This zone is one that was originally produced as an open hole when the well was drilled. The ... upper Woodbine was left isolated from production behind the liner. This project identified that residual oil was still present in significant quantity and tested this observation by opening the behind pipe reserve to production.
YES, I agree, THIS will work - this is the proverbial "bypassed pay" that small companies like BIGN can identify, exploit and make good money at. This is a standard (and good) plan ...
Opp
Peak Oil - 2 questions to start with ...
Thanks for the info, I'll read the paper you sent the link to ...
1) Before doing this, I gotta wonder, how long does it take to recoup the cost of a recompletion, liner, bridgeplug, etc when you only produce 3 bopd after the job? I would think this would be uneconomic (man, only 3 bopd??? At least 30 bopd would be better ...)
2) The PR they released said "offset drilling production" - that to me sounds like they're planning to increase production thru drilling, not thru re-perfing/etc to reduce water cuts. The former is better of course, if you can 'geo-steer drill' the objective horizontally, then complete and produce without coning water. But this of course takes much bigger money than just reperfing/setting plugs to reduce water cut ...
Know any more details about BIGN's plans?
OK, I'll go and read now
Thanks
Opp
Wow, lots of words there Mr Whazoo ...
I work in the oil biz - I'm a geologist and petroleum engineer. That's all. Give me some facts and I can try to help and do some DD. Without that, we all just surmise what's going on. Theories, ideas, etc are fine, that's what a message board is for. All I was saying is that, the more facts we have, the better judgments we can make, and the more likely it is that the share price will rise ...
BIGN is slow to put out their facts. They may have a reason as you suggest, or they may just be lousy at putting out PRs with facts. You could be right with your theory (or some version of it) - I hope so, I have 500k BIGN shares. But the market is certainly telling us all what it thinks about BIGN's dissemination of facts (not) ...
After your own personal story about selling software, you wrote:
"Thats what happened here with BIGN"
My response to that is "OK, if so, let's see some data/facts to support this". Everyone would benefit if BIGN talked a little more to the public - and I'm sure the share price would rise (which is what we all want, correct?) Conversely, the market doesn't like silence, especially with penny stocks, as we all know - even if the intentions (or perceived 'master plan') would suggest silence is a good option ...
GLTY
Opp
We can't be sure yet whether this "15-fold production improvement in 1 well" can be scaled up to a) several wells, or b) (more importantly) whether this increase will hold-up over sustained periods. It is typical for re-completed and/or worked over wells to show high initial prod rates, only to then fall off later. I'm not saying this will happen - but it can. Nor am I saying that not all wells will respond favorable to the hydroslotter workover (they probly will, at least initially) ...
What I AM saying here is that these BIGN guys could tell us a lot more information (but they don't) - I've written to them twice in this regard, but to their credit, they have replied each time - and I was very critical of them last time, and (probably co-incidentally) they released a PR 2 days later
But they aren't very good at PR (IMHO) - hence we stay below 0.02. The question is, why are they so lousy at PR - is it just because they are, or, is it because not many good things are happening quickly enough?
Time will tell. I'm still sitting on my 500k shares for another few months ....
GLTA
Opp
I can wait that long
Thanks again
Opp
hitemp and Sentinel
I own a chunk of SFNN (over half a million shares) - hitemp, thanks for your efforts, much appreciated. My business is oil and gas, so can't offer too help much over here and don't post much ...
I do agree with Sentinel, hitemp: I too think it is perfectly reasonable, and totally desirable, to ask MB to PR a forecast of expected earnings before they are released. If things really are as rosy as we hope they are , then this could only help investor confidence (and pps) ...
JMHO, GLTA
Opp
Pennimon - who is "Dale" ?
"apparently bign is currently working on pr according to Dale"
TIA
Opp
Rhapsody, GLTY - BTW, I never use AONs, really, NEVER. I think MMs hate them - that's been my experience. Occasionally I do end up with partial fills without using AONs, but I get around that by upping my bid to a few %s above the MM's bid if I really want the purchase, and I almost always get filled ... I will also enter and then yank my bid several times over 20-30 minutes if I think they are ignoring me , it's fun to watch their bid-ask dynamics when doing that when there is low to moderate volume (on high volume, us small investors are just dust in the wind) ...
GLTY!
Opp
trueblue - don't use the SAR indicator very much - I think it's too often an "after-the-fact" type of indicator that confirms what other indicators have already predicted much earlier. For example, it would have told you to buy SFNN in early Oct, two days after the run up had already started (duhhh). Worse, it would have told you to sell out at the 0.025 in early Dec - but some traders probably bought then instead, and made a nice Xmas profit at 0.033-0.033
I use a whole bunch of indicators, and look at them all collectively thru foggy glasses. That only accounts for 50% of my DD (hitemp will be happy to hear that) , the other 50% is the biz sector, Management, etc But I do agree that if many of the chart technicals look bad, then I will bail out regardless of the biz sector, Management, etc
The SAR on SFNN looks neutral to bearish to me, but hey, it's Xmas season, and I don't think chart technicals mean too much now - too much 'dis-interest' and 'tape painting' in the market this time of year
GLTY
Opp
Hey hitemp - any chance you could PM to me any more gems of info you've learned from Management? I'm new here to SFNN (just finished buying my position, 520k at 0.029 av), getting settled in for the ride Appreciate your posts (I read them back to early Dec). I like the potential of this company, it's biz model and Management - could be a real winner in 2007 ...
GLTY
Opp
Hi wick - IMO the chart says "up", that's even better than a crystal ball
GLTY
Opp