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Kinda' looks like a lil shake, rattle & roll....
Sweet .02 again....
Looks like a lil profit-taking now...
Damn the AUTO!!!
.02's are being gobbled up!
Just 1 more to fall - then .02
.019 falls - .02 here we come!
Hmmmmm.....maybe the MM's smell a 10Q?
Only 1 left @ .019
MM's trying to pull it back now...
.018's are falling like flies - .02 up next
1 done - still 3 left @ .018
Still have some available @ .018 - that lil 10k slap didn't change anything.
Looks like 4 of them have some cheese left @ .018 - go ahead & slap it dude!
Top 4 MM's sitting at .018
Good move - if I had another $7000 I would do the same thing. GLTA
Long and Green KeyWest....
...here's my exit strategy:
250k @ $1
250k @ $2
250k @ $3
250k @ $4
Retirement begins shortly thereafter...
I'm happy with a green finish.
I realize that there is a lot of material to read in most of the SEC filings, but in order to fully comprehend them you really need to thoroughly read them. The answer to your question is taken directly from the latest PRER14A filed on 12-Aug-08:
"The following table summarizes our currently issued and outstanding shares of common stock and the number of shares that we anticipate reserving for issuance upon approval of Proposal No. 2 by our stockholders:
Common Stock Currently Issued and Outstanding:
249,999,866
Shares to be reserved for issuance (at current exercise and conversion prices): Conversions of Existing Debentures (150% reserved per agreement):
771,445,861
Warrants:
139,635,836
2006 Option Plan:
37,500,000
Total number of shares to be reserved for issuance:
948,581,697
Total number of shares authorized but unreserved:
301,418,437
If our stockholders do not approve the increase in our authorized shares, the Debenture and Warrant holders may allege a default under the terms and conditions of Debentures and Warrants, which, if substantiated, may have a material adverse effect on our operations. Accordingly, An increase in the number of shares of common stock authorized for issuance under the Company’s Amended Certificate of Incorporation is necessary to permit the Company to have additional shares available for issuance in furtherance of the Company’s business purposes, as more fully set forth below under “Reasons For and Effects Of the Proposal.”
Reasons for and Effects of the Proposal
Due to the limited number of shares of common stock available to be issued, the Board has unanimously approved, and voted to recommend that the stockholders approve, an amendment to the Company’s Amended Certificate of Incorporation pursuant to which the number of shares of common stock which the Company would be authorized to issue would be increased from 250,000,000 shares to 1,500,000,000 shares.
The Board believes that an increase in authorized common stock would provide the Company with increased flexibility to issue and/or sell common stock from time to time at the discretion of the Board , and without further authorization by the stockholders, for one or more of the following business purposes: (i) in public or private offerings as a means of obtaining additional capital for the Company’s business; (ii) as part or all of the consideration required to be paid for the acquisition of ongoing businesses or other assets; (iii) to satisfy any current or future financial obligations of the Company; (iv) in connection with the exercise of options, warrants or rights, or the conversion of convertible securities that have been or may be issued by the Company; or (v) pursuant to any benefit, option or stock ownership plan or employment agreement."
With just the revenue numbers from the latest PR this should be trading at .03 right now. IMO, in the near-term you will have the opportunity to make a profit on your investment. GLTA
Kinda depends on if they are traders or investors - huh? (GRIN)
I'm holding out for a buck!
Correct me if I am wrong, but a penny multiplied by 1bil is 10mil - right?
The 19th will tell the tale. I want to beleive that the company gave us a good revenue PR in order to brace us for the late 10Q filing, however - there is always a flip-side to everything...
I really don't think that there's enough float right now for the Day Traders to do anything to it. Obviously you are just "bashing through" the forums....
I first bought into this stock last year @.87 - that was w/o revenue - just a gleam in Raley's eye. I have managed to average down to .04 since then. It took me almost 1mil shares to get there though. Even with the very possible increase of A/S and O/S, I still believe that we will see a buck again and that's the ship I'm waiting for. GLTA
IMO it is one of the best times to buy this stock. It is a revenue producing company in the oil & gas industry. Be sure to do the DD to decide if you want to risk it. The company will more-than-likely be increasing the A/S by six-fold on 20-Aug-08. The O/S will more-than-likely increase somewhat as well. This is the world of OTCBB and Pinkies - don't put more into it than you can afford to lose. BTW, I'm currently an investor of this stock and not a trader.
Here, Here, Mister Spit on the Burger - we are the front line of the Company's Investor Resources. I consider it an honor to do my part as a shareholder to promote this company. After all we were mandated by the Company to do so!
Agreed. I moved my entire 401k to bonds last December, and it's still there.
Okay - misunderstood your post.
LOL - damn good think you weren't in Georgia!
You are absolutely correct - of course when I reference your user ID I will use the terminology of your honorable Penny Trader. (GRIN)
Okay....you're beginning to scare me now Penny. Maybe you were the one....(GRIN)
Hmmmmm....I understand your position, and you may be correct. However, what difference is it going to make in what happens with this stock - with or without you?
My mood?
LOL - agreed - after all this forum has been labeled as the company's front IR line. I left a message on the web site recommending they hire a good IR person, but never received a reply.
I think it was you Penny.....and where were you the night the lights went out in Georgia? (USA Georgia of course)
TSK, TSK....and to think, just a few days ago you were on our side.....dammit man - what's happened to you? (GRIN)
He's from where??? GET A ROPE!!!
I am pretty sure that Kevin reads this forum and realizes that most of the shareholders on this site would do anything that we could to support his goals. Your idea sounds like it would be right-on material to assist in the corporate goals of this company. Kevin, at least think about it - we're here and willing to carry the torch to the world - even Beijing! (GRIN)