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then you would hope they would put out a pr on it!!!
shouldn't the chart also have a line for expenses? that would give the complete picture.
they are going to have to dilute to finance any drilling they are contracting for.
does anyone know what the company's plan is to finance future operations?
can't disagree more. she has a distint pattern of using shares to buy into a minority interest in development drilling prospects. keeping in mind that she is always in "the minority" when a project might need a rework or whatever, she has very little say. thus, for this to be successful, it is pretty clear that they will need to hit a productive well on the first shot.
During the last run, she just ran out of shares. granted some were spent in areas other than drilling. IMO she is starting from a low enough share count to give this a good run. if she fails to find productive wells, I would assume investors would bail before this turns south as many did on the last run in 2007.
finally, at this stage I would think that Catherine's best interest and the shareholders would be the same. Find oil.
hopefully, consolidate before moving higher. everything looks good. once catherine gets everything set up this should see much higher levels.
sounds like patience is required. until we hear differently, I feel safe assuming that Catherine is trying to put something together.
where are the trades? Does anyone know when the financials are going to be released?
the price per share looks to be stalled. the next financials should be out next week. that might put a fire under this extremely (?) undervalued stock. or is it?
has anything happened in the last month? I was under the impression that this company was very active.
I agree ... she is probably selling into the rise in pps ... that is the only way she raised money for her projects
well, she has reloaded her share count so she has the opportunity to make it work this time ... hopefully for everyone she pulls it off.
everyone definitely needs patience ... based on the past, catherine and crew have many projects and pr's planned ... you just have to hope that she hits a productive well that can propel the pps upward ... if she doesn't get something productive, she will then resort to diluting this to the max ...
it was clovely ...
With the current level of o/s, catherine has many more plays up her sleeve ... you only hope is that along the way she hits oil that can be produced profitably ...
read it any way you want ... she has been the CEO as long as I can remember that is at least two years ...
on that, I think that is wishful thinking ... she and her husband seem to totally control this ... she does seem, however, to have good contacts in the oil business so she should come up with a few good prospects ...
last time around she did hit oil with some of the wells ... just had bad luck in bringing them to production ... hopefully, her luck has changed ....
even if she just pumps it for awhile we should see an increase ... the key this time is to get out before she dilutes it to nothing ...
I would guess that with the latest filing they intend to pump this up for awhile ... or else why to the filing ....
you are correct ... you just hope that with over 900 million shares to work with we are aways off from the next reverse split ... hopefully, she hits a well between now and then ... at least we can hope ...
picks, what information do you have to make that statement ... or is it just your opinion?
there are alot of holders from the old days .... I would assume that if they think it is topping out here they would dump their position .... very few of the old investors have much faith in the company's ability to deliver much of anything ...
the word I had last year was that this project was not happening as mxxh didn't come up with their money. that might change but that was the word in June, 2008.
this was announced in february 2008 .... unless they make a new announcement, it is my understanding that they never came up with the money ...
striper, what was it?
I seem to recall it was somewhere around .10 per share .... some of the other posters here were around then so hopefully they can correct me if I am wrong ... it hit that number after one of the company's wells came in .... only to have a problem with the piping and they had to cap it ... it seems that something went wrong with every well they participated in ... keep in mind that they will only have a minority interest so the lead entity will be calling all the shots ... hope this helps ....
and as I recall there were three blocks involved, one of which the firm that evaluated the prospect seemed to say that it was a near certainty that oil would be found ... again, I wonder if these are still in play ... I believe the person who mxxh was dealing with on these prospects was the same person who headed txhe when caroline was dealing with them ... eom
looks like everyone on this board is through loading up. What we need is a specific prospects with strong geology to move this forward. imo
I wonder if the properties they announced early last year are still in play. Those were good prospects in the Gulf of Mexico ...
from the charts, it looks like this will be consolidating for awhile .... unless we get a strong pr to change the dynamics ... jmo
Looks like it could hold here for the time being.
Hunter, there is no question that you are absolutely correct in everything you are saying ... the question is will be see a run before they begin to dilute it down to nothing ... I would guess that they will run it up to get the best price possible ...
stockpirate where are you?
I already have a fairly large position so I will just sit with what I have. If it hits the numbers being thrown around here I will be very happy. thanks for the advice.
another sure sign of professionalism ... ask now .03 ... eom
hunter, I tend to agree but you can always hope. I still hold a large position from the last go around so you hope that maybe things have changed but with all the leakage from someone named "George", no last name or position, you have to wonder if it is just another re-run.
this company has a history of dilution .... last time around they diluted it until the very last share ... eom
checked with edgar .... no filing on record .... thought maybe with all the insider chatter hear someone had received a personal notification .... guess not
Is the 8k on it's way?