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Today was a classic retracement day. So, it didn't bother me one bit. The volume was still strong and we finished well above our lows. So, today (unless the run up continued) was not a game changer. I think tomorrow will be the more interesting day. More people will have seen the news and there will have been more time to digest it. I expect the volume to be no higher than yesterday, but I am hoping to end in the green. Let's create a new base/low from at this level. And hopefully over time (or until news) we slowly creep near 5 and create another base.
NEWS IS OUT TODAY.
Debt financing, not DILUTION. Fantastic. Absolutely fantastic...
Anyone hanging around here anymore??? Let's start bouncing ideas off one another!
EC
That was quite an interesting day we had yesterday, huh? Any thoughts on why the activity and action was so great? Right now, in my mind, it's all speculation but I'm wondering if that pressure from yesterday is something that will carry over into today.
Yesterday did prove that this stock can move and move quick. I have been assuming that dilution has slowed significantly of late, if there has been any dilution at all, and that people have been accumulating and holding. With shareholders owning and holding more shares this stock could continue to run.
But what is driving the run? As others have asked on other boards...is it SLB news? a buyout? a big contract? Maybe someone big wanted in and was eating up the supply yesterday?
Entertain me with your thoughts!
Good luck today.
I sit down at the computer for the first time today and see all those shares traded and ending in the green and there are no posts. interesting.
Oh, and good post, I agree with that list. It sure would help.
You are not missing the big picture, tex. ERFW is good at one thing, PR wise, and that is creating a p.o.s. PR that honestly makes no sense. No sense in substance and no sense in form. Although this PR does make sense (technically speaking we can read it) it makes no sense as to why they are doing this, it makes no sense as to what roles do ERF v. EB play right now or in three months, it makes no sense how current investors are being protected, it makes no sense how they are valuing EB, it makes no sense as to how much, if at all, ERF will own of EB.
ERF gets an idea and writes a PR and releases it. They don't care what it means and how it is written or the proper way to follow up/thru later with explanations or anything. This is what you get when officers write PRs instead of having a company do it for you the right way.
At this point I don't know what to think. All I know is that I have been in this stock for many years. I bought it originally because of the banking industry potential and then added a ton more with the O&G potential. If I, an investor and owner of this company, lose the ability to fairly and proportionally profit from ERF's best potential part (Energy Broadband) then there are going to be some biiiig problems.
So it seems that our best bet would be to continue buying these cheap shares and erf will increase and you'll get more energy broadband shares down the road
We. Need. Buyers.
hey MBD. Good to see you are still around. Board has gone to hell, but the ole faithfuls are still here.
I hope this is an exciting summer. Hope the front office opens up a little more and with some MEAT!
I've been talking about it for awhile and so have other people on the board...ERF needs traction and that is what they've been getting over the past few quarters. I expect the company to hit a critical mass point where the revs ramp up and so do the profits in the next couple/few quarters and the share price will reflect this.
it may be time to do some fishing and average down.
That is of course if you are completely wrong and they settle because they breached.
Correction. A judge can always deny an appeal but binding arbitration does not mean that you are not allowed to appeal.
You give me any contract that includes any type of terms between any two parties and I will poke a hole in it some way some how.
The only thing that courts will not tamper with is if one of the parties just simply makes a bad deal. "you make as good a deal or as bad a deal as you can". But still holes can be poked.
As for the binding arbitration discussion I stand by my correct answer. I don't care what websites or contract provisions you cite in a post...I am right. There is no such thing as a complete binding arbitration.
I do not have the time nor the inclination to respond to everything you say. We are all on the sidelines looking in and waiting to see what anyone with answers has to say. Neither side has facts so it is all speculation. My speculation from what I have read and can glean is that ERF may be in the right here. Maybe...
However one thing you said is wrong.
<<<As an aside, there is an upside and downside to binding arbitration. The upside? Although still expensive, it will probably save ERFW millions in litigation costs. The downside? The arbitrator's decision is final, can be recorded, and cannot be appealed. I hope for ERFW's sake that they have excellent counsel (the very best that they can afford) representing them.>>>
Arbitration, binding or not, can be appealed. There is a federal act about this and most states (i believe except new jersey but may be wrong) have adopted something similar to the federal act.
Arbitration is encouraged by the court because it cuts costs and saves time. Arbitration is favored by parties because it cuts costs and saves time. To have a person or tribunal out there that can be the end all be all of a dispute/lawsuit would be ridiculous. Arbitrators can be appealed just as district court judges can.
That map is getting prettier and prettier. We can see it so why can't others?
You are right, A1, we need some news...contracts.
Well, today is the day the numbers have to come out! Let's see how much ERF was able to improve the top/bottom line over the first quarter.
I am looking for numbers but also the comments and the cherry on top would be if they have news to release this week. I love a good piggy back.
The bold is a nice touch, but if we were going off that description of the 12b-25 or NT then this company would have been gone years ago.
Is it a red flag or an annoyance? I say annoyance in the form of management not being able to either get their act together or at least put pressure on the accounting/auditing firm that they have to get their act together.
A red flag I think would be a lot bit too presumptuous to say that there is something seriously wrong with the company.
So I sit and wait for the numbers. I think they are going to be better but by how much I don't know. I hope by a lot. But hoping hasn't gotten me too far yet. Haha.
I'd like to think that this is that weird ocean effect that happens with a big storm or a tsunami: the water level gets sucked back by all the energy building up off the coast.
NT's are a thing of normalcy around here, which is not good. I was hoping they would have gotten their act together this quarter, but alas... I've heard the auditor this accounting firm that story too many times. So, 1) put pressure on their a** to get the numbers back to the company in a timely fashion 2) Get the numbers to them extremely early and/or 3) switch firms. That is as much as I can do in relation to NTs.
Except for today, I have liked the pressure over the last week. Small increases with volume. It tells me that there hasn't been a typical run-up to the numbers (and then a drop back down after the release). Today's little pull back, I think, is typical of their typical NT.
As for the numbers, I am thinking there will be a big increase in the top line. I am hoping they brought in at LEAST 2.5 mil in revenues. What the bottom line will be, I don't know. But hype (message board activity) + what we could see from pr's (trailers being bought and used, deals/contracts, and geographical areas entered into) + overall O&G activity....I think all adds up to a substantial increase.
We shall see.
Ok, I like the action today. Now let's double the shares, get closer to 3 cents, and then keep the pressure and volume up... Pressure is what we need. Oh and some good news, of course.
ALOT of companies see increased activity before numbers are expected to be released. With ERF, unfortunately, we all know it's close to the deadline so it is easy to figure out when the numbers are coming. I hope they prove me wrong about that one someday. Haha. But, there is a lot of potential out there to be realized in 2011 thus far. I hope they did realize it, and capitalized on it and I hope the line (bottom or top, or both) are larger, significantly. I want numbers that say CFP...or more realistically...CFP is right. around. the. corner.
1) Do you honestly think that I invest based on what he or you or bert says?
2) when people come to a stock for a short period of time and PUSH PUSH PUSH it's a joke.
3) When people come and "BASH" "BASH" "BASH" for an extended period of time it's annoying. At least MBD wants positive things. I know it's a double standard, and I am honestly sorry for that. But it's how I feel. Wanting something to do well and wanting something to fail....the fail objective will always inherently be viewed, well, negatively.
and yes, no matter how much real information you pull and objective questions you ask, your intent is to "bash"...IMO
It's just too bad, Tenor. That is simply it. You know I have absolutely no problem with them posting, whatsoever. Everyone who has an account has the right to post on any stock board. But today is a perfect example of how they act over on the yahoo board, and have for awhile. The first and second posts are always constructive and detailed and raise valid points. Then someone other than those two post a meaningful response. And for a hot minute one believes that this may turn into a worthy discussion. Then king/ridgeway brings his sarcasm and they end up just having a conversation with themselves.
It effectively/implicitly crowds out others from talking because no one wants to deal with their BS.
Bert, I can tolerate you. Though I do think you have more motive than just an earlier investment that did not go well for you with Cubley, because of the amount of time and effort you put into posting your opinions/prognostications.....I can tolerate you nonetheless because you do at least put effort into it.
Ridge, go home, or if you stay don't be so circular and so sarcastic. Frankly, user terms or not, I think you are worth banning in any incarnation dead (king) or alive. Bert, not so much...because he does mostly play by the rules we all are subject to and mostly because I want him to be around when I turn red into green with ERF.
At the end of the day, though, Tenor you are right. If they bother you then just ignore them.
Hey A1,
1.) 10k 2008: total revenue = $5.1 mil
2.) 10k 2009: total revenue = $5.5 mil
3.) 10k 2010: total revenue = $5.9 mil
Do these totals look like we ever did business with SLB? Cubley said 100 mil when the contract was signed. A little ambitious? Probably. Ok, let's be extremely conservative...cut that figure to 5% (Five million over three years) and then spread it over three years...it would still be more than $6mil/year in revs.
Add to that no 8-K for any material changes to the deal or anything of that nature. No dice on doing biz.
In addition, a penny stock picker newsletter came out in February claiming that there was settlement in the works with ERF and SLB. Now, I know, a pennystock company...but why would they use "settlement" and a dollar amount. Perhaps because ERF is owed money either guaranteed, or from services rendered, from SLB?
Moving along, why in the 10-K did it say that SLB and ERF are in arbitration? For what? Perhaps a settlement amount for SLB breaching their end of the deal?
Why did Cubley say, "The Schlumberger contract is still in effect until next January. I cannot discuss this further except to say that ERF Wireless is currently owed a large amount under the contract that we intend to ultimately collect."
...that's why, A1, I believe (dollar wise) no business was ever done with regards to that deal. Is it proof? No. But that's the puzzle I put together
I don't think that MBT $ number was ever directly correlated to the Schlumberger contract. Rather, it is what ERFW charges for use of the MBT and for use of the services behind each MBT.
As far as 8-K's and the SLB deal...
The contract, for all intensive purposes, is still in force. The beginning of it required an 8-K. The ending of it, might. However, I believe ERF did not realize any revenue from SLB because soon after the deal was initiated SLB realized they wanted to unload their Global Connectivity Services division, the very division that signed with ERF. No business resulted from the deal because SLB was not putting any more new money into it, IMO.
It was discovered on November 8th of last year, that SLB planned to sell GCS to Harris. Earlier in this month the deal finally closed.
Based on all of this, and ERF's persistence in saying that we are still doing business with SLB, I believe that it will soon be announced that ERF is doing business, or will be doing business, with Harris; and that due to "settlement" this and "arbitration" that, that SLB owes some money to ERF for never performing on their end of the deal. Whether these are damages pursuant to some provision, or whether there was ever any guaranteed money involved in the contract, I do not know.
I would expect to see some 8-k's rolling in sometime soon. At least "rnut" will love that because by the looks of it that is all he talks about.
Hey bert,
Originally the Mithra Report.
Recently, a call into the company.
No comment on net or gross cause I don't know.
You're welcome.
I think that's possible. That they could've made at least that much in increased sales.
next two weeks should be interesting.
Today's news may be a little fluffy, but we do have some numbers to work with.
ERF has 112 MBTs.
When all deployed (and I assume most if not all will be deployed soon because I feel if they ordered them it is because they need them) then each MBT brings in $3-4K a month.
that's $336,000/month on the low end
and $448,000/month on the high end
If all are deployed, let's say, beginning in June that's $2 mil by the end of the year on the low end, and $2.7 mil on the high end.
This is great news. I thought we'd trade a little bit stronger and higher today.
I'll take a 5 million share day ending between .014-.015. Show some consistent pressure and I'll be happy.
If they release they are CFP, or even close to CFP, and we are still at these prices at the time of the release...millions upon millions upon millions of shares will be trade IMO. And they will be buys. And with all that volume the MMs will lose control of they will just be the middle men they are supposed to be. haha
I really wish the volume was higher on these up days....
hey forest,
maybe someone should just email the company and ask them.
I spoke to Clareen one day and brought up the yahoo board and all the rhetoric on there. Her only response was "well you can't do anything about disgruntled employees from the old days."
Now, i don't know where they get their information and I don't wanna know. I don't know how they figure their numbers. But, unfortunately, they have been right. I am not saying that all of them are ex employees but I bet one or two are. And look at where we are, at a damn penny.
I still think the upside here is huge. But if they don't put out news then we are just gonna have to wait for the first quarter numbers. All and all, I think management has done a very poor job at 1.) communicating to their investors and the public at large and 2.) (subject to change with news and/or numbers) capitalizing on a great market environment (high oil prices).
Hal, who are you referring to when you say "they rate this company..."? The ex-employees? I didn't follow that.
So if you think that even scam stocks trade higher than this...then what does that mean for us and ERF? ha
gotta love all this great action
Eh, I don't think management has the intention of reducing shareholder value just to do a reverse split. I believe that they could do a better job in informing their investors and the public of how the company is, like giving a revenue amount in a PR. Also, I think management created the possibility of a RS so in case they need it it is there... The question I have is why did they increase the authorized shares so much at once when they could have done it more piece meal?... but you will probably just say that that just supports your opinion. We know who you are any way.
It's great that there is a definite showing of vertical markets...but let's face it that PR needed some numbers/revenues/MEAT. So the PR is indeed evidence of vertical markets, but as far as I am concerned each contract is worth $5.
Come on ERF, let us know what is going on. We shouldn't have to wait till the last minute of the quarterly report deadlines to know what is happening.
I have been looking for the switch over of the division...somehow I must've missed it. but I like your connect the dots. Great work. My theory only gets stronger that ERF is doing business with Harris instead of SLB. But I know that SLB owes ERF a large some of money and that the ERF is doing everything they can to get it!
CFP--we can only throw out theories as to why the bridge loan people are selling.
Maybe they flat out think that ERF is not a good investment.
Maybe they just want their cash back and don't care about investing in ERF. There is a slight difference between this one and the first.
I would assume that when the loan was made the bridge loaners had the ability to look at the details of the contract and also ERFs books. At the time they said sure we will give you money because this deal looks good and we see your potential. Then nothing really happened with SLB and the revenues never really increased and at this point they don't have the ability to get that insider look at the books and see all the potential we think is there...and hopefully will be a reality in the next 10K.
Maybe they are planning on loaning money to the company again and they think that by keeping the pps down that the next deal will involve warrants of cheap shares AND they do know of ERFs potential so they know they can make a boat load of money when the PPS takes off.
Maybe...
SLB is not selling shares. It sounded odd when the board talked about it over the weekend.
The bridge loan is correct. There was a bridge loan that occurred prior to/near the signing of the SLB deal a couple of years ago to support the contract. The bridge loan was with a third party. That bridge loan was paid back with a mix of shares and cash. The selling, but I am sure not all the selling, has been from this bridge loan/third party. NOT SLB.
Who. Knows. haha
Yesterday's trading was absurd, IMO. I don't have the time sales chart in front of me but at one point the PPS was consistently going up, on decent chunks of volume. It was, of course, beautiful to my eyes. Being green with a steady increase of volume was great. Then I went away from the computer for 5 minutes and, bam, we were back in red.
At least we ended green.
I hope we don't have a gap-up at the opening today because without news that usually means we end in the red at closing time.
BUT, I continue to be hopeful!
this trading is an absolute joke
The more volume there is the tougher it is to manipulate. 2 hours left of trading. I am hoping for a green ending and over 3.5 mil shares traded. That will make me sleep better tonight.