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AXGC news...Axis Energy Corporation Appoints Veteran Oil Man to the Board
Wednesday November 1, 9:20 am ET
CALGARY, Alberta--(BUSINESS WIRE)--Axis Energy Corporation (Pink Sheets:AXGC - News) is pleased to announce the appointment of Gerald Fletcher to the Board of Directors of Axis Energy Corporation.
ADVERTISEMENT
Mr. Fletcher will assume the position of Vice President of Oil and Gas Development to manage the Company's program to acquire and develop oil and gas projects in proven oil producing regions of the world.
Mr. Fletcher's career in petroleum geology started in Calgary in 1958 as an exploration geologist for Atlantic Richfield and continued with the company at their head office in Los Angeles as a liaison between operations in Canada and Richfield's management. Over a ten year period as Vice President of Exploration for Atlantic Richfield in Indonesia, he oversaw a production increase from 21,000 BOPD to over 180,000 BOPD.
Mr. Fletcher is founder and President of Fletcher Enterprises, headquartered in Jakarta with oil and gas production in Indonesia. He is also Executive Vice President and Chief Operating Officer of Lekom Maras Pengabaun Inc that has development and production operations in various parts of Indonesia.
Also joining Axis Energy as Vice President of Field Operations is Don Grayson. Mr. Grayson has worked in the oil and gas industry for over 27 years. His experience in running a Service and Supply Company in Libya for 8 years as well as running an Oil Well Drilling Company in Canada and the United States will contribute greatly to the Company's operations going forward.
The President of Axis, Jay Yano stated that, "Mr. Fletcher and Mr. Grayson bring valuable industry experience to the Company particularly in the areas of technical vetting of the geology and engineering of prospects that have been initially identified."
Axis Energy is Being Positioned as an Emerging Oil and Gas Development Company That Has a Unique Network of Contacts in High-Impact Oil and Gas Producing Regions of the World.
On behalf of the Board of Directors,
JAY YANO
President
Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological interpretation, acquisitions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Contact:
Axis Energy Corporation
Dean Guise, 866-903-9106 or 403-230-6348
--------------------------------------------------------------------------------
Source: Axis Energy Corporation
AXGC news...Axis Energy Corporation Appoints Veteran Oil Man to the Board
Wednesday November 1, 9:20 am ET
CALGARY, Alberta--(BUSINESS WIRE)--Axis Energy Corporation (Pink Sheets:AXGC - News) is pleased to announce the appointment of Gerald Fletcher to the Board of Directors of Axis Energy Corporation.
ADVERTISEMENT
Mr. Fletcher will assume the position of Vice President of Oil and Gas Development to manage the Company's program to acquire and develop oil and gas projects in proven oil producing regions of the world.
Mr. Fletcher's career in petroleum geology started in Calgary in 1958 as an exploration geologist for Atlantic Richfield and continued with the company at their head office in Los Angeles as a liaison between operations in Canada and Richfield's management. Over a ten year period as Vice President of Exploration for Atlantic Richfield in Indonesia, he oversaw a production increase from 21,000 BOPD to over 180,000 BOPD.
Mr. Fletcher is founder and President of Fletcher Enterprises, headquartered in Jakarta with oil and gas production in Indonesia. He is also Executive Vice President and Chief Operating Officer of Lekom Maras Pengabaun Inc that has development and production operations in various parts of Indonesia.
Also joining Axis Energy as Vice President of Field Operations is Don Grayson. Mr. Grayson has worked in the oil and gas industry for over 27 years. His experience in running a Service and Supply Company in Libya for 8 years as well as running an Oil Well Drilling Company in Canada and the United States will contribute greatly to the Company's operations going forward.
The President of Axis, Jay Yano stated that, "Mr. Fletcher and Mr. Grayson bring valuable industry experience to the Company particularly in the areas of technical vetting of the geology and engineering of prospects that have been initially identified."
Axis Energy is Being Positioned as an Emerging Oil and Gas Development Company That Has a Unique Network of Contacts in High-Impact Oil and Gas Producing Regions of the World.
On behalf of the Board of Directors,
JAY YANO
President
Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological interpretation, acquisitions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Contact:
Axis Energy Corporation
Dean Guise, 866-903-9106 or 403-230-6348
--------------------------------------------------------------------------------
Source: Axis Energy Corporation
AXGC Axis Energy Corporation Appoints Veteran Oil Man to the Board
Wednesday November 1, 9:20 am ET
CALGARY, Alberta--(BUSINESS WIRE)--Axis Energy Corporation (Pink Sheets:AXGC - News) is pleased to announce the appointment of Gerald Fletcher to the Board of Directors of Axis Energy Corporation.
ADVERTISEMENT
Mr. Fletcher will assume the position of Vice President of Oil and Gas Development to manage the Company's program to acquire and develop oil and gas projects in proven oil producing regions of the world.
Mr. Fletcher's career in petroleum geology started in Calgary in 1958 as an exploration geologist for Atlantic Richfield and continued with the company at their head office in Los Angeles as a liaison between operations in Canada and Richfield's management. Over a ten year period as Vice President of Exploration for Atlantic Richfield in Indonesia, he oversaw a production increase from 21,000 BOPD to over 180,000 BOPD.
Mr. Fletcher is founder and President of Fletcher Enterprises, headquartered in Jakarta with oil and gas production in Indonesia. He is also Executive Vice President and Chief Operating Officer of Lekom Maras Pengabaun Inc that has development and production operations in various parts of Indonesia.
Also joining Axis Energy as Vice President of Field Operations is Don Grayson. Mr. Grayson has worked in the oil and gas industry for over 27 years. His experience in running a Service and Supply Company in Libya for 8 years as well as running an Oil Well Drilling Company in Canada and the United States will contribute greatly to the Company's operations going forward.
The President of Axis, Jay Yano stated that, "Mr. Fletcher and Mr. Grayson bring valuable industry experience to the Company particularly in the areas of technical vetting of the geology and engineering of prospects that have been initially identified."
Axis Energy is Being Positioned as an Emerging Oil and Gas Development Company That Has a Unique Network of Contacts in High-Impact Oil and Gas Producing Regions of the World.
On behalf of the Board of Directors,
JAY YANO
President
Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological interpretation, acquisitions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Contact:
Axis Energy Corporation
Dean Guise, 866-903-9106 or 403-230-6348
--------------------------------------------------------------------------------
Source: Axis Energy Corporation
I would not eat there the only thing on the menu would be bull@#$*. That is only thing he knows how to serve!
The news is out the company is a bunch of crooks and con artists!
I wonder if any of this revenue trickles down to IVFH, just wishful thinking...
WASHINGTON (AP) -- The U.S. Defense Logistics Agency on Tuesday awarded a food distribution contract worth about $38.8 million to U.S. Foodservice, a subsidiary of Dutch firm Royal Ahold NV.
The Army and Air Force will use services under the one-year pact, which was awarded to U.S. Foodservice in Fairburn, Ga.
Shares of Royal Ahold, which also owns Stop & Shop, Giant and other U.S. grocery chains, added 4 cents to close at $10.26 on the New York Stock Exchange.
nice long tailed doji!
I added to my pos today!
AWYB short squeeze...
OT:SHORT SALES
Mick @ Billionaires Boys Club Forum put this up.
Thought it was pretty informative.
http://www.businessjive.com/nss/darkside.html
Not necessarily bad news at least we now know that Sam is not asleep at the Helm. I feel that we are going a few updates on this, could be a start for a turn around. We all have been waiting a long time. The few of us that are left. JMO
Item 4.02. Non-Reliance on Previously Reported Issued Financial Statements or a Related Audit Report or Completed Interim Review
On September 19, 2006, Mr. Sam Klepfish, our Interim President, in a review of our financial statements, observed that our financial statements did not contain an accrual for non-registration penalties arising under the subscription agreements for our February and August 2005 financings. Mr. Klepfish discussed his concerns with our board of directors and then raised the issue with our independent auditors. Our independent auditors recommended that we present the issue to our outside accounting consulting firm and seek their comment on the matter. On September 12, 2006, we retained the accounting consulting firm IncFin, LLC to analyze our financial statements and assist us in the preparation of our financial statements, including specifically, but without limitation, any required changes to our financial statements arising from a comment letter from the Securities and Exchange Commission dated January 19, 2006 commenting on a registration statement on Form SB-2 that we filed on December 21, 2005. On October 2, 2006, we were advised by our accounting consultants that they believe there are material errors contained in our financial statements for the fiscal years ended December 31, 2004 and 2005 and for the interim periods ended March 31, 2005 and 2006, June 30, 2005 and 2006 and September 30, 2005. Our accounting consultants also advised us that they had discussed their conclusions with our independent auditors and that our independent auditors were in agreement with their conclusions. On October 3 and October 5, 2006, Mr. Klepfish contacted each of our directors to discuss the results of the investigation of our outside accountants. As of the date hereof, our outside accounting consultants have made a preliminary determination that there are at least three areas in which our financial statements require revision: one, with respect to the accrued penalties identified above; two, with respect to the below market conversion feature on convertible debt instruments issued in 2004; and three, the valuation of common stock issued at below market prices. It is also possible that additional errors may be found when the accounting consultants complete their analysis. Our outside accounting consultants have advised us that at this time they cannot quantify the changes to our financial statements that will be necessary to properly restate them.
Due to the need to address all of the above, it is unlikely that we will be able to file timely our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006.
Maybe we will get another pr next week explaining this one? should be a more positive company emerging?
HI Dodo, now I know I am in the right stock, good to see you here.
On what stock? You may have the wrong board?
Im in for 1k starter lets see what this baby can do.
Dave it is being pumped on RB at Niz Billionaire Boyz Club.
IVFH not a reco to buy, but keep it on your watch list. this thing is in the dump zone. I could also come back quickly.
I will be holding my shares at this level, I don't think that current management is totally incompetent. They may not be the brightest bulbs in the box, but I think they will shed some light on this situation soon. I will hold my shares for a better price or a better understanding of what is going on with this company. Their earnings look good, they are a growing company. They have new deals in the works that could add to shareholder value.
They are just Blind, Deaf, and Dumb to shareholders.
They will wake up soon.
JMO
Negger, I would still hold my shares at least till the next Q.
Best regards
somethings going on a lot of small trades most likely MM activity.
Now we know why Joe quit these guys are azzholes!
No, I don't expect them to return calls,I send them emails everyday no response either. I was just letting shareholders know that due to the fact that now they have an investors line maybe things are getting ready to change, or is that to divert traffic from their business line to a dead line that no one will be answering. we will find out soon imo.
IVFH trying to go sub penny.eom
I just tried calling IVFH they now have a investors relation number, but no one is answering it. Maybe soon they will staff it and we can get some answers? It is a voice mail right now. I just left a message will let you know if they get back to me.
The most important thing to notice is that NEWT the MM that was doing most of the selling has moved to .10! Is the selling over with now, Volume will let us know!
IVFH is ready to start moving a good time to start accumulating. JMO
NEWT Just dropped down on the ask to.10 is the selling over now!
We might get a runner today!
We all see the volume picking up here in the last few days, next we will see the price start moving up. Volume is always before price!
MM NETW on the ask at .016 If he gets knocked out we might have a runner here! we are getting nice volume today!
OT: A nice read on SYSCO
Dueling Fools: SYSCO Bull
There's nothing wrong with owning a financially strong, absolutely critical infrastructure company that treats its owners well.
By Chuck Saletta
September 7, 2006
Legend has it that in the California gold rush, the people who made the most money weren't the prospectors, but rather those who sold them their picks and shovels. In a roundabout way, that story has stuck with investors for generations. These days, it's interpreted to mean that companies that provide the back-end infrastructure for other businesses are the ones making real money for investors.
SYSCO (NYSE: SYY) is one of the greatest infrastructure companies of the modern era. (What -- you were expecting me to talk about Cisco (Nasdaq: CSCO)? Check with my dueling partner, Anders Bylund, for that angle.) The food distributor operates quietly, behind the scenes, making it possible for its customers -- restaurants, hotels, schools, and health-care facilities -- to concentrate on what they do best. SYSCO has been so successful at delivering the foods its customers need that it has become the largest firm in its industry.
To give you an idea of the size of its business, in its 2005 annual report, the company claimed there were some 900,000 "customer purchasing points" throughout North America. Of that list, about 390,000 represented SYSCO customers. That's a substantial fraction of the overall market, and it gives the company tremendous leverage. It's such a large player that only one customer, Wendy's (NYSE: WEN), routinely accounts for more than 5% of its total business. Wendy's itself is dwarfed by larger fast-food players like Yum! Brands (NYSE: YUM) and McDonald's (NYSE: MCD). As such, Wendy's doesn't have quite the bargaining power it otherwise may have gotten as SYSCO's largest customer.
The benefits of size
As the dominant firm in its line of work, SYSCO is often the first name new companies think of when looking at food-service needs. That helps in bringing in new business. Plus, with its customer base so segmented by business line and region, the firm is likely to easily survive a localized economic downturn or even a serious nationwide recession. After all, people are still going to eat no matter what the economy, and schools and health-care establishments don't tend to close their doors just because a recession hits.
SYSCO's size lets it do something its competitors, such as U.S. Foodservice -- a division of Ahold (NYSE: AHO) -- and Performance Food Group (Nasdaq: PFGC), do not. Sysco pays out a decent fraction of its earnings as dividends to its shareholders. The strength and growth of that regular payment are what led Foolish colleague Mathew Emmert to recommend SYSCO for Income Investor.
Signal strength
That dividend is also a key reason why I own shares in the company. As SYSCO has grown, it has started investing in significant enhancements -- notably regional distribution centers -- to more effectively meet its customers' needs. While those centers will likely help it further cement its dominance, their significant development costs are affecting its bottom line today. Management has not only maintained the dividend throughout the expansion, but has regularly raised it as well.
No rational company would raise its dividend if its business were in imminent jeopardy. The executives who control the dividend policy have a lot more to lose in a corporate bankruptcy than they stand to gain with a mere couple of pennies-a-share hike in the payment. The current per-share dividend is about 13% above last year's, which in turn was 15% above the previous year's.
Dividend growth like that, in the face of an expensive expansion plan, speaks volumes for the financial strength and long-run stability of the company. That strength is echoed in the exceptionally solid balance sheet, which touts far more in tangible assets than total liabilities.
What's not to love?
With SYSCO, you have a company that is:
A leader in its industry
Absolutely essential to its customers' successes
Expanding to meet future needs
Financially solid
Committed to paying its shareholders for their financial risks
With a profile like that, it certainly deserves consideration as a potential investment. I suspect very few Income Investor subscribers lose sleep over owning their small slices of this excellent business.
Are you ready to buy a stake in solid businesses with real staying power that pay their owners well? Then join us at Income Investor today. Your 30-day free trial starts here.
Think you're done with the Duel? You're not! Go back and read the other three arguments, and then vote for a winner.
At the time of publication, Fool contributor Chuck Saletta owned shares of SYSCO. The Fool has a disclosure policy.
Break, the selling is mainly from MM NEWT, He was selling most of the shares he must be almost finished by now he moved To .04 this morning and is now at .016. When he is done this baby will be moving and I see it happening soon with the volume we are getting.
Boil, The paperwork is in and we all are waiting. We need an update from the company on the status!
True, if those warrants were to be renegotiated it would greatly help the PPS. That would take us back to .19, lets hope that Sam does his job and gets it done.
BTW I spoke with Z last week and he said that they are still looking into getting that OTC.BB listing. We need an update on that listing status!
We get those things working for us and we will be huge winners.
I agree it is people taking profits and longs cutting their loses. Most people will sell at the wrong time due to emotions. This is not the time to sell, it is the time to add. Most longs won't added because they have been burned, I know I have been burned. The company needs to follow up on their promises like an OTC.BB listing and more shareholder communications. I feel that we are going to make a nice turn around for the positive!
Earnings are growing, new business is coming in.
JMO!
Good luck to the longs!
MM NEWT went to .04
IVFH looking good!
Should see a pop next week on the renewal of the US Foods contract, it expires on Sept 11, 2006.
FSMH still looking good http://cms.stingmiami2006.com/index.php?sc=4
Nothing solid, I asked if Joe was coming back as an advisor, He said that that they are still in negotiations.
I asked about the new business deals with the new customers and he said that could not give names of the company's yet.
He mentioned that He can't say for sure if the items that they are purchasing from IVFH will be on the regular menu or just specials. If they are going to be regular menu items that would mean ongoing business, if not it just may be a test trial.
I also asked about the OTC.BB listing, it has not been abandoned, they are still working on it.
Dodo, I had an order in for a 100k @.011 since 9:30 my account does not show a fill but the share count moved to 445,016 and the time and sales dont match. maybe my order will process later today. I also spoke with Z today. I will call Sam on Wed when he returns.