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I know who they are and agree a known diluter but have not seen them doing much yet. When these guys are dumping you know it! There are times they will show up for scare tactics as well.
I didn't see close numbers on friday. how much. They have very little up to this point and were virtually non existent prior to that.
They have not had many Shares for sale on the ask at all. If anything they are being used as a scare tactic while Nite plays both sides to manipulate. If they are on the sell you will know it!
Was that from the company, I don't remember seeing that statement from them. If you have a link could you post.
You would think that "some in the know" would at least have a transcript of the minutes to post or we would have had a pr regarding whether the LOI is in place. Something regarding the transaction. I agree you don't want news over holiday but I would think they would have had that pr ready for release the second the shareholder meeting was done. At this point I think it is better for news even during holiday week. Longer there is no info, the worse it is for pps in this case.
Agree with that. The company is literally sitting on a gold mine if management can figure it out. Great risk reward potential here as we know where JAG has been before and where gold prices are going.
There were also some so called longs that probably had from early on in the trips and then sold off as well in the 3's helping bring us back into the 2's
Yup agree. They were no where to be found until recently. Even now they haven't had huge shares, it seems like Nite has been using them to hide behind.
Did they say if they approved to move forward with the LOI?
We all know why we are down from 37 (Fidelity/Nite BS reference Dec. 3rd) plain and simple. What point is the quarterly at this point if they are getting operations back up and online??? Seeing as you read my last post there is a clear path as to where revenues are coming from and January is going to be big for EXPU IMO.
We will see very soon whether EXPU is going places! Risk Reward has huge upside potential at these prices. You definitely don't want to miss out IMO!!! GLTA
Just responding to your posts regarding PR coming and where money is coming from. Just looking for your helpful insight as it seems from your previous posts you seem to have facts versus opinions. Sorry if that was a misconception!
Did anyone on this board attend the meeting or get a copy of the meeting minutes???
Um, I'll ask again ... how are they making money and what would you expect to see on the quarterly report for THCB???? They are suppose to be announcing a LOI, which they have not announced. So how could they be expected to have revenues from a company they have not merged with yet on the quarterly??? If anything they should show nothing but expense on a quarterly for the asset acquisition purchase but the PR you reference only shows that there should be a LOI which means no deal yet.
Are there minutes from the shareholder meeting, did they approve to move forward, is there a LOI, does LOI spell out the terms of sale and when it will happen?????
From the last PR:
The Management of Great Northern Energy ("GNE"), an Irving, Texas based oil and gas exploration and production company, confirmed today that GNE is in negotiations with Texas Hill Country Barbecue (PINKSHEETS: THCB) on an asset acquisition by THCB from GNE's asset inventory of leasehold and cash flow producing assets.
"The intention of the parties is to reach an agreement on all aspects of this proposed transaction, including identifying GNE assets to be included and the number of shares of THCB stock to be transferred to GNE as consideration. If an agreement can be reached, we anticipate that a Letter of Intent will be executed by both parties by December 15, 2012, which is the date of THCB's annual shareholders meeting. We also will change the name from Texas Hill Country Barbecue to a name more closely aligned with THCB's new asset basis and operations at the shareholders meeting," said Jerry Monday, President and Chairman of the Board of Directors of THCB.
We are close!!! EXPU $$$$$$$$ gonna start rolling in!!!!
Our goal is to be fully functional in December 2012 and resume or exceed bulk water sales which previously accounted for nearly five hundred thousand dollars ($500,000.00) in revenue.
We expect the new bottles to be available by the end of 4th quarter 2012. Combined with our existing customer list and initial sales inquiries we are estimating gross revenue of approximately Two Million dollars ($2,000,000.00).
Our limited edition Bale Bottles will be available in 2013. This unique Product will become the retail price leader in the Boutique Glass Water Market.
Al Culbreth, CEO of Pleasant Springs stated, "In January 2013, Expert Group is prepared to make a $600,000 equity investment in the first phase of the Family acquisition, which operates over 130 vending machines in the Atlanta, Georgia areas. Family Vending generated over $1.6 million in revenues in 2012 with greater than 30% gross profit margins in a year of production. In 2013, we are projecting $5,000,000 in gross sales with gross margin increasing to 50%. The increased revenues and margin will be attributed to the placement of Pleasant Springs products into 130 different locations. Family Vending operates its vending business throughout selected retailers such as BrandsMart, the Atlanta public school system and several local Universities."
How are they making money??? They are suppose to be giving PR about merger. If they haven't merged yet or feel compelled to put that PR out, how can you expect any revenues for the quarter??????
If ELAY has news sooner than later I would agree with you. If not could see a little lower. However once ELAY decides to run we all know it can run fast and you don't want to chase. Better to load at 13/14 than hold for 9/10 and get stuck paying 18/20. JMO good luck here!
Same to you buddy! Looking forward to this getting on track soon!
Either way it was a seemingly orchestrated rumor that Fidelity bit on and corrected quickly the next day. Caused the whirlwind drop for us to be at these levels.
Great buying opportunities were had by all and know we need to put it in the past and start moving this thing North as Pleasant Springs comes on line!
half a day
Not much on the ask either. dead in the water for now unless looking to pick up impatient shares! GL
I agree. I think we just need to get to January and we see more of an uptick.
NO doubt, you would think with such big news, they would have had something ready to go, why hold it?
Just like that they pull the big bids at 1 and move smaller bids up to 11. Lets see what happens when 13s drop.
Exactly! It ain't gonna come unless the company decides it is. If great things were coming wouldn't you think they would have had a press release prepared to go out prior to the meeting or at least an update from the meeting?
Nice bid support at 1 almost 8mil. Get Nite out at 11 and those bids move up?
Not sure, is that news still coming today??? LOL
Yup and thin after that. Need buyers here!
Wow, a 10k paint to bring it down to 12???? How exciting!
I agree with you 100% here!
Still looking for proof in writing regarding EXPU, other than perceptions, that you can produce here. Shares can't just flood the market.
In order for shares to have restriction removed by company, company needs to have filings to be able to allow conversion of restricted shares. If they do not file then the information must be made public.
In the case of issuers that are not subject to the reporting requirements of the Securities Exchange Act of 1934, the public information requirement is satisfied only if certain prescribed data is publicly available.
Volume Limitations
The number of shares of stock which may be sold during any three month period may not exceed the greater of the following:
One percent (1%) of the shares of the class outstanding as represented in the most recent report published by the issuer; or
The average weekly trading volume during the four calendar weeks preceding the filing of notice as reported on all national securities exchanges or through the automated quotation system of a registered securities association; or,
The average trading volume reported in the consolidated reporting system during the previous four week period.
In determining the amount of stock which may be sold under these limitations, not only Rule 144 sales by the prospective seller, but also Rule 144 sales made by certain other persons within the preceding three months must be aggregated to determine the volume limitations. These include sales by:
any relative or spouse of the seller or any relative of such spouse who resides in the same home as the seller;
any trust or estate with respect to which the seller or any such relative serves as trustee, executor in any similar capacity or in which the seller and all persons specified above collectively own 10% or more of the total beneficial interest;
any corporation or other organization, other than the issuer, in which the seller and such relatives collectively own beneficially 10% or more of any class of equity securities or 10% or more equity interest.
In determining the applicable volume limitations under Rule 144, certain other requirements apply:
where two or more persons agree to act in concert for the purpose of selling stock of an issuer, all stock sold under Rule 144 by any such persons during any period of three months must be taken into account.
The Rule requires aggregation of sales of convertible securities with sales of the stock into which they are convertible.
If the one year holding requirement is met by tacking a prior owner's period of ownership, in some cases, the aggregated amount sold by the current owner and by prior owner(s) may not, for one year after the security changes hands, exceed the volume limitation. This applies to securities acquired through pledge or gift and securities acquired by a trust from the settlor or by beneficiaries from a trust.
Stock sold pursuant to an effective registration statement, in a Regulation A offering or in a private placement, may be excluded in determining amounts subject to the volume limitations.
Sales may be made in successive three month periods, but share which could be sold in one three month period, but may not be carried forward and added to the amount which could be sold in a later three month period.
Not much to get to new levels here!
I hear ya tempting just hate giving them away! Probably gonna hold another month to see what happens.
Totally dumb -- news comes and this dumps every time. Some manipulation getting set up here for big run??? Just don't know when!
Rules on restricted shares from SEC for people to read for themselves as to not be confused by any misinformation.
If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period begins as of the date the option is exercised and not the date it is granted.
Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means that the issuer has complied with the periodic reporting requirements of the Exchange Act.
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. If you are an affiliate, the sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If I Am Not an Affiliate of the Issuer, What Conditions of Rule 144 Must I Comply With?
If you are not (and have not been for at least three months) an affiliate of the company issuing the securities and have held the restricted securities for at least one year, you can sell the securities without regard to the above conditions. If the issuer of the securities is subject to the Exchange Act reporting requirements and you have held the securities for at least six months but less than one year, you may sell the securities as long as you satisfy the current public information condition.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
No doubt, how many penny's out there with this potential at this price????
Not using share price, just lack of bid support here!
We get some hits here and take out the 1.8mil at 19 we could be testing 25's quickly!!!!
A wall for 865k shares. they have nothing!!!!!!!!!!!
THCB news today better than friday going into Christmas holiday!!!!!!! I guess news at any point better than nothing seeing as bid support is 10k at .042 and 30k at .011!!!
Less than 1.5 mil between 15 and 19!!! One good buy can wipe it out and we stabilize in the 2's????????
Restricted shares don't always follow a timeline but could also be performance based. Got any proof of these shares and what the restrictions are???? If they are out there, the terms of the restriction should be listed somewhere for you to post and back up your claims. EXPU