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I agree. It's looking like they are about to put out a pr.
that would be nice
they did say they had a 50% right to mineral rights. I would guess they negotiated part of the 50 away to their partners to reduce their cash outlay.
I was interested to hear from our moderator on what the pps should be with the lower participation. I am not sure what his last figures were but I seem to recall something in the area of .29 per share. does this mean it is now half that figure.
I agree. This should run up until they have begun drilling.
look it up. you asked for the source, I gave it to you.
imo, a more likely reason is that they didn't have someone to put up the money to drill.
Submitted 12/16/2008 Approved 12/31/2008 676413 297-34827 TEJONES OPERATING CORPORATION (841338) SANGER HEIRS 1 02 LIVE OAK Vertical New Drill - 7800 Approved
just check with the Texas Railroad Commission under the name Tejones. You can find it.
it appears that Tejones has had the permit to drill this well for over two years. you have to wonder as to why it wasn't drilled before. also, if it the same well, it is categorized as a "wildcat" well, not development.
what happened to the gray publishing, the legal brief company. stock was issued for this company, as was the stock for sparrow when it was under another entity. there was a spin-off of this one as well.
what ever happened to sparrow, inc. they were to sell medical supplies to the military
what ever happened to the restaurants that were to be opened for smokers?
same here. I only stated that they are working on issuing more shares, not that they have already. you need to re-read the post.
with all your posts, you would be right at any pps between
.0018 and 1.00. leaves alot of room for error but that only shows that you a seasoned investor!!!
that's not what I am hearing but I guess, my sources could be wrong
it's just the way it works in most cases with the pennies. they need money to drill and, in most cases, the only way they can get it is to sell shares.
you hope that the demand, when news comes out that they are ready to drill, that demand is high enough that the pps rises while they are selling into the rally.
imo that they might actually be unloading shares into this latest rally, thus the reason it stopped short of our anticipated level. again, jmo.
I don't agree. As we get closer to the time of drilling you will see both a riae in the OS and a rise in pps. they should happen together. The drilling should bring in enough investors to absorb both the new shares and provide enough demand to move the pps up.
I am confused. Didn't you say it was only worth around .0018?
hey, bmiles, why don't you tell them the story when you told the board you were going to go out and check on a well, found out it wasn't being drilled, came home and sold out your position, THEN told the board what you had discovered.
Catherine seems to trying very hard to see that she gets it right this time. If she wasn't, she would have changed the name of the company and moved off in another direction, like all the times in the past.
on what do you base this prediction? The last one I read said we going down to ..0011,
nonsense. go back and review the record. They drilled numerous well the last time they were active. Hit a couple, had a couple dry holes. with the one's they hit, there were problems and they had to abandon them. get your facts right.
as I recall, matrixx never came up the funding for their portion of the drilling in the gulf.
sure got to sub-penny ahead of my schedule. the dilusion will have to pick up now that the price keeps dropping.
sure looks like a dead dog. unless some news comes out, imo this puppy is long gone.
read the pr's. this company has always issued pretty accurate reports.
but you know it is coming as they need to sell shares to finance their operation. Just a matter of time. whatever happened to that 20 million contract. just more of the "fantasy" emails.
and it keeps going down.
could be. all technical analysis is, in the end, based on probabilities.
agreed. with the close, it looks like it could go higher before any meaningful correction, jmo
techno, imo this looks like it could be a better run than before: the percentages on the leases look better, we are at the beginning of what looks like a major increase in the price of oil and the os is lower ... all pointing to a much higher pps if they do hit oil.
getting down to the reverse split area again. should happen sometime in the first quarter.imo
what's the saying? buy on the rumor, sell on the news. I agree, this should go as with cloverly. anyone know where bmiles and stockpirate are?
who's in it? just following the progress to see when it looks like the trend has changed.
couldn't agree more. the time to buy is when the pps is going up, not down. this is not the kind of stock you want to be bottom fishing with.
maby if you are standing on your head. Have you checked the chart lately. by the time any of their businesses produce fruit, if ever, you are probably looking at another reverse split.
IMO he was questionnable from the beginning. Catherine would be put out of business if she had someone pumping the company on IHUB by leaking insider information, which is what it appeared he was doing.