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Good for you!
Are oilin07, spooky42alien & Paulness the same poster?
btw oilin07 - Since you imply that you get information from the Company I will ask once again. Where are the promised test results for #109 ????????????
One last bit of info for you. Since you got back in at .08, you are down - down a lot!
Ask them what happened to the promised test results for 109?
General consensus is that it will go lower. There is a question of preferred shares coming into play - March 24 or 25 - as that will add millions to the share count. Financing for the company to continue? Financing is tight and will get tighter because of Bear Stearns. Results of testing for 109? (that is for those who actually believe this to be a real operating oil well generating
revenues/supposedly the first of 300.) jmo
So tell us - what will the bottom be for this "sure thing"?
Was not going to comment but............................
told ya so!
Yawn...wake me up when it's back under a buck!
You are twisting what I said. Not everything in OTCBB PRs is
false or misleading but much of it is - IMO.
Remember: "The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended." That is NOT my opinion and there is good reason for
requiring that statement.
The point is that everything and anything in PRs is questionable. Anyone who quotes PR as Gospel is either naive or has an agenda.
As for the "proved" reserve, assume the figures to be 100%
accurate. So what? There are many other factors invovled with that just being one. They say that there is plenty of gold left in some places but the cost of mining it is too great,
even at $1000 an ounce.
1. Do you believe everything that you read in PRs?
2. Wrong - it was a Pump & Dump. Since it isn't trading for pennies - at least for now - it won't be anything and most likely will drift lower.
Generally speaking, that is not what happens with RSs on the OTCBB. I suppose that there are exceptions.
The RS, no big surprise, will likely result in a blood bath ending at 1.00 give or take .20. I will stand on $1.
No wonder there was no response to my inquiry! Adios amigos!Adios Rhino!
Pumping while dumping. Hindsight is cheap. Not unusual on the
message boards. There are always those who post outlandish claims that the pps will skyrocket and then when the little run is over, come back claiming that they got out at exactly the right moment. You got caught.
It was a good run but now it's time for a reality check.
Common sense? More like "dumping while pumping".
Feb 26 Post 277 shakeout time. Good entrance point.
[but not for oilin07 as he's getting out?]
Feb 26 Post 280 This isn't a so called momo....
[ahhh - yes it was]
Feb 26 Post 276 Big numbers should be coming out next week.
[but I think I will sell today anyway]
Feb 26 Post The buying pressure and stability is here. We can easily rise to over .15 today.
[but I think that I will sell now]
Yep - "pumping while dumping".
Remember this post..oilin07 back in @.08.
IF things are as wonderful as you incessantly claim them to be,
why did you get out in the first place? And, at what price?
According to you, this is a OTCBB "buy & hold" if ever there was one.
I don't think highly of PRs but since the OTCBB feeds off them:
Jan 31: "The Company [ENDE] has begun its well testing procedure and expects to announce stabilized flow rates in
approximately two weeks."
Vaguely worded PR came out Feb 19. Where are the flow rates?
Note that just that one sentence of the Jan 31 PR has two
Safe Harbor words.
Also - "once bitten - twice shy" comes to mind and is very much a part of the OTCBB. You will not see the same trader
exuberance that you saw last week. I believe this to be a more
important factor than the other. jmo of course GL
With nothing to PUMP it up (pardon the pun)...down she goes
becoming a buy at ??? .03 perhaps?
There you go again. "There is definitely going to be a reverse
split."
So..since you are ENDE's spokesperson on message boards.......
are your posts subject to safe harbor?
It's the OTCBB. Nothing is definite. When it gets back to .02,
load up for the next Pump AND Dump.
oilin07 Are your posts covered by the Safe Harbor provisions
of Section 21E of the Securities & Exchange Act of 1934, as
amended.?
"WE have a lot of oil, and WE will greatly continue to increase OUR production." CAPS mine
Don't put the "cart before the horse". They have not released,
or do not have, the test results for 109. There is a full
blown pump in play. Is the pps sustainable? We'll see.
Keep an eye on this.......and note that I said eye......not buy.
Something may happen as Spring approaches. jmo
May go up more - may not. This is not a BILLION dollar company
so what goes up - most certainly must and will come down.
It's a MoMo and there isn't any logic or real reason for it except it's "what is". Hence, no point in arguing. They will tell you that the PPS will go up "ad infinitum" and when it crashes at some point, which it most certainly will, everyone will have made a ton of money. That is because "they" always get in at the absolute bottom and sell at the absolute peak.
It's the OTCBB!
No money is made unless a stock is sold and no money is lost unless stock is sold. So "oilin7" - a very simple question for you. When will you sell?
Having said that - I will give you credit for being on mark
so far as for predicting .10.
I go on record as having sold at .06. Obviously I fxxed up.
However, it is my opinion that anyone who buys and holds at today's prices is nuts. eom
There you have it! A gusher. In reality, the PR says nothing.
As I said, 10 QSB , page 4, Note 1. Do your own DD, draw your own conclusions and, especially important, do not make decisions based on what Management alledgely told someone. It means squat.
Refer to the last 10-QSB, page 4, Notes etc. for further info.
OS currently is 253,283,087. Mgt's preferred shares are convertible to common. IF that happens - OS could be 6+
Billion.
Don't get greedy. I believe the upside to be limited. jmo
Another typical response - and wrong. eom
The preferred shares are convertible to common - hence the
6+ Billion share figure.
Precisely what I expected - NO answer.
Why? 6.5 BILLION shares is one. They can make more $$$, a lot more, pumping & dumping then drilling into unknowns. Where's the promised PR with test results?
You claim to be in the business and imply having inside information. Name one comparable OTCBB company that was actually successful drilling for oil vs printing stock.
Take your profits. The run is over. jmho
What's that OS again? Must have missed it. TIA
Thank you - actually I understand it's 6.5 BILLION. eom
I agree with Spark's post. Then they MUST be bringing out a PR.
Otherwise it's simply BS pump.
Don't you know? They paid $250.00 for a PR announcing that Mr Dittmar will do an interview with WallSt.net. Perhaps he will explain the water main snafu? Perhaps not. Stay tuned boys and girls as this COULD (safe harbor word you know) get exciting.
Most likely NOT.
I was told by persons on-site, who of course will remain anonymous, that the "gusher" was in reality a water main.
So - all the "excitement" - proof of which is the tremendous
uptick in volumes the last few days - was all for 'nought.
As for the PR? Well - pretty difficult to put a positive spin on that story. Sorry folks.
Excellent question Spark....Why not? Carrying that thought a bit further - Why aren't insiders buying?