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I've seen L2 shots like yours quite a few times, but never heard a good explanation for why some of the wagers are color coded. It looks like four colors: blue, light blue, pink, and grey.
Does anyone know the basis behind the color scheme? I've heard speculation that it is loosely based on total shares available at that price. I'm wondering if that 0.43 "wall" is weak or strong and if you can estimate that strength based on the colors.
Maybe it's only separating the different price points for ease of viewing. And what about the red and blue numbers?
... and to keep it on topic ... Go ABIBABY!
thanks, utmostbastard.
Will someone please provide some level 2 info for this a.m.?
Thanks,
Can anyone comment intelligently on the recent bond action? I checked the FINRA site this morning and saw 5 or 6 bonds posting sale prices around $100 --- I was staggered, but then when I went into the detail view it didn't appear the same. Now the bond summary page looks more normal and none show prices up there.
Still - I wonder why it showed that way - I don't think it was just fumbling electrons - though that is what I thought initially. Look at the chart for BOW.GD - maturity 10/15/2012 CUSIP 102183AG5. The last sale is $22.25, but the chart spikes to around $70.
holy moly - - how does anyone explain that kind of bond movement - that's insanity!
SUNV breakout
ABWTQ breaking out
Wow. Almost 9 Million shares traded. I need a beer.
Maybe I misunderstood your post, but there should be no reason to close your ira IMO. If you have a brokerage ira account, you can just purchase cemjq within your ira like I did.
Of course, if you want to use those gains before you reach retirement age, then perhaps it is better to pay the huge penalties up front and then pay only 15% on your gains from then on. It's a no brainer for me - stays in the ira for tax free distribution one day. jmo
"Its official: time to close my roth ira and turn it into more cemjq"
I think I'd rather have one based on your signature pic! Love it.
Yes, let's! =^)
sounds like testimonial night.
I jumped in at .06 and have been reading the dd and banter here and buying ever since, but I'm not one for posting most of the time. It's nice to see folks coming out of the woodwork to say hello and such.
Yeah, there has been a lot of great dd and all those recognized repeatedly over the last couple of months have really enlightened me too. But I like the non-dd back-and-forths too - it has been mostly civilized and entertaining.
I haven't seen dmaze post in awhile ... where are you, bud? =)
oh... so thanks and all that
I would say glta or some such, but luck just isn't required here.
maybe congratulations instead :^)
cemjq - is this what we've been waiting for?
I've read a few posts where folks attempt to compare cemjq to another q, but are always met with "can't compare apples/lemons &c". Are there any reasonable comparisons out there? I'm not too savvy on this stuff, so I defer to 'you guys'. For example, pgpdq has a pretty nice chart - does anyone know how their assets/liabilities compare? Or is pgpdq just another lemon...
love the board btw - very optimistic for my own holdings here - thanks in large part to some great posts here.
yawn...
yeah, ya never know.
...mildly offended that Investor Relations would issue a PR release date and then fail to issue the PR ... not really too surprised though.
Actually - I did a little bit of reading about accumulation/distribution ... apparently it is not a direct indicator of the number of shares held (it seemed intuitive to me that that was the case before I went digging to learn more).
It turns out that it is a technical indicator based on the following equation:
Acc/Dist = ((Close – Low) – (High – Close)) / (High – Low) * Period's volume
I just wanted to clear that up in case I gave anyone the willies. When I looked for a better chart on etrade I found that we closed with the Accum/Dist line at around 3.5 Billion.
Then I went looking at a couple of better known NYSE stocks to see how they compared. After finding that Ford(F) and Tempurpedic (TPX)both had mostly negative accum/dist lines over the last year, I went learning and found the equation for the line.
I didn't mean to get so wordy about this, but I wanted to clear up any confusion I might have caused. As far as I can tell, there is no concrete way right now to determine what the actual O/S is other than assuming it bears resemblance to the last reported value. At the least, I can now say with some confidence that there is no direct correlation between the O/S and the accumulation/distribution technical indicator.
I'm not too chart savvy. Can one of you chart gurus help me understand the accumulation chart please? The accum chart in the ibox depicts a moving average line and shows a number on the right vertical axis - I think the number is just shy of 2 billion. Does this have any real relationship to actual shares accumulated? If so, does it indicate that there are indeed over 1.4 billion shares out there?
thanks
The Rotterdam conference is today and tomorrow - and the PR mentioned Dennis Shen would be speaking tomorrow.
http://www.futureenergyevents.com/algae/attend/
I think the Houston conference starts on Thursday.
I don't know.
The cynic in me wants to interpret the quote differently:
"Our new business partner Geominex Resources Limited CEO, Zamayi Sithole, today subscribed to purchase 15 million Empire common shares at a price of $0.07 per share in order to show confidence and assure that the rig stays in place and the drilling program proceeds successfully."
But I can't find much wrong with it except the slightly ambiguous word "subscribed". Perhaps that allows the entire quote to remain open to interpretation, and thus allows Empire to continue to leverage words for shareholder confidence. I have never "subscribed" to purchase shares from a company. Has anyone else?
The optimist in me wants to believe what Empire espouses, but I think my inner cynic has won this battle. I no longer hold a position in EEGC. I think I will optimistically observe for a while.
Nonetheless, I sincerely wish the best of luck to all of you who remain in the fray.
Will you please explain where you get the value "10%"?
I have seen that value in several postings, yet I have not been able to find nor extrapolate that from any of the published news. Are you suggesting that you believe the proposed venture with Geominix will provide Empire with 10% of their assets?
Does anyone know if the "1/3 of the eastern tenement" is definitely land in the exploration lease applied for, or if it may be in the existing SEL?
Does anyone know when it would be reasonable to expect Empire to officially obtain or be rejected for the applied for lease?
Ever the optimist, I have a good feeling about this coming market week, and am keeping my fingers crossed that EEGC benefits from it.
I'm a little alarmed though, because I've read several posts from folks who seem to think that EEGC has acquired a $900M company. There were even some guesswork calculations that suggested EEGC now owned 10% of the other company.
There is absolutely no way to calculate the value transacted either to or from EEGC based on the information provided. EEGC plans to receive all of the issued and outstanding shares of that other company in exchange for 90% of something that also has no estimable value based on the information provided.
"issued and outstanding shares" has no direct relationship to the conservatively estimated $900M in assets the other company has --- unless someone has some more specific info on the company --- I would love to learn more if anyone has done that DD.
I think even the concept of the plan is not clearly disseminated in the PR. I truly hope that it is beneficial to EEGC, but right now I can't tell that it is any more than a pipe dream.
Vincent, thank you so much for sharing the details of your trip and some wonderful photos. It's nice to get some first hand information (even though I'm getting it second hand) ;)
I would say it's fair to say that you are reading it wrong. While I may not be reading it right either, here is my take on that statement.
"... the Company will exchange 90% of Grand Monarch Holdings Limited for all of the issued and outstanding share capital of Geominex Resources."
I find this to be very misleading. It is written so convolutedly that you can read it any number of ways. This in itself places negative connotations on the article, and substantiates the precedent EEGC has established of misleading its shareholders and the public through PRs. Each of these statements only raise further questions and jeopardize the validity of EEGC's financial status.
Check this out:
Statement 1: EEGC bought GMH ltd for 2.5M shares
Question 1: What is GMH ltd worth? What did they actually acquire?
Statement 2: EEGC gave the new subsidiary 1/3 of its eastern tenement.
Question 2: How much did they give? What is 1/3 of the east tenement, and how much is it worth (especially if it expires in September - or is this part of the "applied for" tenement)?
Statement 3: EEGC sold 90% of the subsidiary to Geominex for all of their issued and outstanding share capital.
Question 3: What is the value of 90% of GMH ltd? What did they get for it? What is the Geominex issued and outstanding share capital worth?
I'm starting to get kind of long-winded, yet I feel that there is still much to say.
Let me cut myself short, and turn briefly to the positive side of this. I think it is absolutely fantastic that the company is expressing interest in broadening their prospects. We, as shareholders, have been very focused on bellevue and thunderbolt because those are really the only thing EEGC has going for them right now. Perhaps with other interests they can stay solvent even if they discover a few dry wells.
I remain ever hopeful that EEGC will successfully discover the resources they seek, and in quantities exceeding their expectations. I am also grateful that they suppressed the urge to put yet another timeline in this PR. The closest they came was here: "the Bellevue #1 well, to be drilled shortly."
I am an optimist ... and a cynic.
Doc et al,
Though I agree that the video was very encouraging, I disagree with the claim that false statements were made.
I think if you listen to the broadcast again you will find that MC and MB speak of a current funding campaign, and then make inferences to the use of the funds garnered from that campaign throughout the remainder of their interview (i.e. "once we get the funds from this current campaign, it should take two weeks to gather the troops and unlock the bit").
The interviewer makes a direct (and misleading) inference at one point without giving MC and MB an opportunity to correct him. He says, "... so, two weeks from now ...".
Don't get me wrong. I'm not rising to the defense of MC, MB, and EEGC by lambasting the interviewer. I'm merely sharing what I gathered from the *technical* content of their interview. I think they did the company a disservice by not being more straightforward and to-the-point in their interview. They, perhaps unwittingly, allowed this interview to add to the stack in the growing kitty of "misleading" PRs.
On the other hand, I must give them credit for the scientific talk - they interviewed terribly in my opinion * zero charisma between the two of them - but it's very nice to see that they seem to have some real belief in the company and its prospects. They don't seem like they are playing games with smoke and mirrors. I like hearing about dolarite and the obstacles they have had to overcome.
At this point I hold a small position in EEGC and maintain a very pragmatic view to the future like most of you .... hoping for the best, yet expecting the worst.
Thanks for posting the contract. I haven't read it before. I'm curious about Item 9 - it states that the drilling equipment shall have "sufficient capacity to drill to a minimum depth of 2,300m with 4 1 / 2" drillpipe", which seems to be contrary to the final depth goal I recall of 2600m 8 1/2". Maybe this is normal contract speak allowing for more conservative terms than hoped for - I'm not in the business and don't claim to have any expertise here. Does anyone have a better understanding of the final dimensions of the well? What restrictions would a 4 1/2" vs. 8 1/2" drillpipe impose?
ever hopeful ... exciting times ... looking forward to news from down under, Vincent. Have a safe and enjoyable trip.
Heraclitus,
I applaud your pretty pictures and wiki extraction foo. My inner geologist (didn't know I had one) is itching to learn more of the Tasmanian terrain. Neat posts.
May empire find what it seeks and may you prosper greatly from their discovery. Cheers.
I think perhaps the inpection is finished. I don't see a date on this news, and I'm not sure what 'Moduspec' is, but it sounds like it's finished to me. -- yay.
http://www.gslm.com/index.php?option=com_content&task=view&id=163&Itemid=82
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