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Great share. I think we all appreciate that! Not sure it really exuded great optimism, but it appears they plan to report on or by the 15th which is always a positive step for a penny.
So who's selling then? My guess is the CEO.
Bob and I have been emailing one another and when I posed the question if LCLP was selling shares to fund operations, I have yet to receive a response. Email him, he gets back to you same day....well it appears until you ask about dilution.
It at least appears we have a new higher bottom. Just needs some news...been quiet for too long now that the non toxic financing approach failed.
Nice summary. Thank you for doing that. A couple additional comments:
1) Just the communication skills and articulation of Bob Gruder instilled confidence. This guy came across as intelligent, passionate about his work and focused. He is no dummy and has a lot of ambition. I have a new opinion of him.
2) On the last point, Bob stated that he not only had plans to uplist, but actions were in place to make the uplist. I guess that action could be as basic as instilling shareholder confidence and growth so that the PPS meets minimum pricing; he didn't specify, but he did say action.
I don't expect a jump in pps price, but I would expect that .50 is the bottom and when revenues and sales initiatives are announced, it will increase.
My question was asked by the moderator verbatim; that too was impressive. It was the tough question on share structure, pps downturn and the negative publicity on toxic financing. Bob's response seemed rehearsed and a little dodges, but adequate for a company response.
You have a point (not so much a case). Have you or anybody reached out to him via LinkedIn for comment?
Now for some news, and maybe we get another lift off. GLTY
Looks like .003 is the old .002.
Thanks for clearing that up. I now know.
And you know this because....
Everyone knows that; you missed the point.
The point being it's frustrating to see the MMs leverage the buying and selling to the down side.
DahGonIt...a measly 20K knocked it down with my 90K at the ask yesterday. Someone must really need that 66 bucks.
Man, you sound like me. I too struggle with the rollercoaster rides. A swing of .001 is $2K which is a lot of money in my book.
I have 1.95MM now, but I was fortunate to have bought and owned more in the .0015 to .0035 range before it sky rocketed to .008 and had sell triggers in there on the way up. So my remaining 1.95MM are riding free, but my other major investments have gotten pummeled lately due to another downturn in oil price, so I'm still counting on HAON to get me through.
Well I'm out of powder and even if I had some, I have enough invested already. I painted the closing with a 90K share buy at the end of the day yesterday that took it from .0033 to .0036, mainly because I wanted to see some green at the close and to just help support the cause. Plus my entire portfolio looks so much better with all the holdings I have in HAON even with a small uptick. It will suck to see just that small uptick disappear today. I'd like to see a PR on something regarding some form of progress either in financing and/or acquisitions and/or revenues.
Looks like we have some strong hands here holding about 20-30MM.
Just picked up 90K
I agree, I usually don't even play in pennies and here I have almost 2MM shares, now granted I had close to 4 and was really regretting it and was very pissed at myself when it then went down and hit .0012, but I hung in there, put my sells in place, then the .008 run happened and I was able to offload a bunch with 2X and 3X what I put into it.
I am not wired to play these, I'm more of a long term less volatile stock player. But I'm here and interested....and have more aggressive sells triggers in place, so we'll see.
Yup, these smaller companies in the oil and gas market where a bunch of cowboys thinking $100 oil was the new normal. So they spent spent spent with no forethought of a potential supply glut developing and the laws of supply and demand then taking over.
I have to admit, I thought $100 oil was the new normal too. I've won and lost with this stock, just glad I wasn't in it this time.
Dude, I have 1.9MM. I had a lot more but sold via trigger sell limits on the run up to .008. That's probably more than most on this board. It's almost 2.5% of the float if it's indeed 80MM; where as prior to my sells, I had 4.5%.
Why not champion a collection via honest posts of all the strong hands and their shares. I'm in with 1.9MM
Very familiar with DNR....go to their website and pull the presentation. You'll learn a lot.
Major Pro: reduced production costs substantially lately by optimizing fields and closing the ones that are too costly.
Major CON: A lot of debt...over $3B. Possibly very low on hand cash to work with.
Trade this as if you're trade the price of oil. I made a lot of money on DNR...was buying all the way down to a buck and sold most of it in the high $3 and low $4s last 2 months.
IMO, oil is headed to the high $30s or low $40s as the summer wears on, so I'll get back in when DNR is in the mid $2s. They should have a good 2nd QTR in their August QTRLY financial results, may be a good idea to get in just a few days before.
So I hear this shit all the time...."gap filled". What the hell does that actually mean because so many times on a dip, I don't see a recovery and that has been the case here many times in the last few weeks. There was a poster saying the gap needed to be filled at .005-.0055, then .0042 - .0045 and it just keeps trending lower. I thought the implication is that when a gap is filled, the pps should then rise? Again, not the case here with the afore mentioned so called "gaps".
I know I'm too much when it comes to pennies, that's' why I hardly invest in them. This one, however, reeled me in a month ago and I'm trying to regret it. I'm not good on rollercoasters anymore, too old for that shit, just ask my 14 year old son.
Certainly a possibility, but it also could be a financial deal similar to what was done with Halcon, so all may not be lost. HK dropped from $1.00 to about $.30 on the news and has since recovered some what and hanging in there and goes up with oil prices. See HK.
And there we are again....KAPUT!
Action this morning shows that volume has dwindled significantly. The only + side is that so has the selling. The pps won't make any moves with this low volume. I'm surprised they did not formally and publically announce the acquisition closure.
By all means....buy more.
The OS went up 15MM from June2015 to March 2016, this was even before the Mobeego deal. Give me the number breakdowns you see based on the PRs.
Woopty fricking doo doo, it's been breaking 100k easily the last several weeks, even 1MM lately and it's been dropping, especially near the EOD. If it sticks to the recent pattern, we'll see another negative close near EOD....maybe .49, even with the filing. As I stated before, the CEO is playing share structure games. It's just unknown at this time whether it's to fund his mortgage or the company.
Not enough dollars in the selling to call it a panic; people just realizing they can do better elsewhere. It's that fricking simple!
Like I said before....just another POS penny. Don't invest, trade this, even by the hour.
Everyone had their chance a couple week ago to make some money when it spiked to .008 if they were lucky enough to be watching this when it was meandering for weeks around .002.
If this news doesn't get the pps off the downtrend, then I'm out because something's totally wrong with what the company/CEO is doing with the share structure and this deal. It looks like it was a pretty hefty deal in terms of the value agreed to by Gruder and that we the shareholders are going to take the brunt of it near term. a lot od shares here plus royalties.
Indeed, pretty tired from work last night and now heading on vacation for the next two weeks. It appears I can use the vacation. GLTY
Good point on the math skills, but it's my typing skills, missed a "0".
Let me try another approach....$31K is peanuts for a penny stock with a said actual income of over $1MM and projected $3-5MM.
$3,100 in total dollar volume. That's pathetic and that's a POS penny for ya.
Yes, holding up very nicely, so is my bike with a flat tire, my car with no gas, my lawnmower with no blade.
This doesn't mean shit. People got to be buying for the financing deal to come through. It's not a matter of when, it's totally "if" and the "if" depends on the investment community and right now, no one is buying into it. So we needs some good news for this to even have a chance at .01 by Friday.
Until confirmation via an SEC filing comes through saying the Mobeego acquisition is a done deal, you'll see this drop into the 4s this week.
LCLP can't get off the ground if it had a rocket underneath it. CEO is diluting. Wait till the next filing and see how many OSs have been increased like he did the last time with 15MM.
Actually they do. The trend remains downward and LCLP once again can't get off the ground with news. Unbelievable!
Well keep buying and maybe it will. The recent financing opportunity is all predicated on investors buying into this company/CEO. Kinda weird and it sends a message the company's assets aren't liquid enough to loan the money outright.
Well when the CEO finagles a financing program that is dependent on the pps, it appears that is an approach doomed from the start. Unless he has some buyers that he knows are coming to the table. We can only wish.