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Perhaps your statements are correct, but no one seems to agree with you, the ask and bid are both below the current PPS but no one has traded a single share today, how loudly does that speak?
Not until April, but they will most likely apply to file late as they always do, last year the Q10 was released on the 14th of April.
What has come down is the PPS for SSOL
Is that fuel related too?
Lol boy those are familiar words
Been hearing that per Q for the past 4+ years, all that has happened is the PPS has gone down.
I see our once glorious leader (NOT)
is celebrating an anniversary at Sutton Global Associates Inc. I wonder how many other unsuspecting people he is trying to fleece?
http://www.bizapedia.com/nv/SUTTON-GLOBAL-ASSOCIATES-INC.html
Then that would make only 5,000 shares authorized so I doubt that. Its not beyond the realms of possibility that there is a 1-10,000 split that would make more sense, but we can also hope for 1-1,000
In any event there are 3,646,015,118 outstanding, so my .01% ownership will not have any impact.
I just hope I can get something out of the shell, with 2 billion in assets there is a good chance that I can.
Probably just because
Most people including me gave up on this turd we did not notice that there was work going on behind the curtains in September.
I don't understand why the percentages are they way they are though for such a small amount of shares, maybe I should just buy 500 million of them now before a potential split?
Top Institutional Holders
Holder Shares % Out Value* Reported
Capital Advisors Inc/ok 715,000 0.04 0 Sep 30, 2014
Beck, Mack & Oliver 125,000 0.01 0 Sep 30, 2014
Churchill Management Corp 50,000 0.00 0 Sep 30, 2014
http://www.capitaladv.com/
http://www.beckmack.com/
http://www.churchillmanagement.com/
I think we can expect
a reverse split, but I will happily take that to regain my current loss position.
Since I don't pay tax in the Cayman Islands there was no benefit for me to sell when the PPS tanked thus I have had the over 3.5 million shares in my portfolio from 2009
I will be scouring the new company to see how stable they are but looking at the balance sheet they are a 2 billion dollar company.
More info
Sabina Oil & Gas, Inc.
Dallas, TX
Energy, Oil & Gas
Oil & Gas Production & Pipelines
275367-350d066e18fb6bb2208756331ba53a84-medium_jpg
Overview
Roll up strategy for additional gas leases in US. Existing leases now near Dallas as starting point.
We are in the process of listing Sabina Oil & Gas on the OTCBB stock exchange.
Happy friggin Christmas
I have over $70 grand tied up in this turd. Even a glimmer of hope will do me nicely if it is true.
It is the bid
That you should be looking at not the fact that the price dropped.
Point is the bid is well below the ask and the ask is almost below the close on Friday
So much confidence.
This is such a great stock and company that the bid is well into DZ's right now.
What a gem.
The bid however..........
Is in the DZ's there will be much chest thumping about how peeps snagged "cheap shares" and bid this down.
Once in the DZ's it will be hard to break out of it without and major events, certainly the 10Q will not be too helpful.
So almost 1% of AS traded today.
And down by 12% teetering in DZ land and the cheer leaders still think this company has great management and direction.
Sheesh. One can only imagine what they must think of Warren Buffett
You should have waited, you can get them cheaper now and in the future. Looks like the PPS is heading for DZ's
You are kidding right?
How much are your shares worth each?
No not $8.00 per share? right well you do the mathematics. Directors lining their own pockets.
I would be happy to "retire my shares at $8.00 per share, but then again I don't have a seat on the board to vote for such a lucrative deal.
17th of November but you can be sure they will file for an extension like they always do.
Just to announce the news that they have lost more money.
Yep, the shares are such a great deal that people are selling the heck out of them and getting whatever they can..
When are the DZ's coming?
So what is the bet that the PPS will fall into DZ's before the end of the month?
Demand is rampant I see, people just grabbing up shares at any price.
Mickey, Chuck.
I will gladly take that offer, I do not know how we can transact this but if you need a buyer I am offering.
Cheers
Whaaaaat
Wow check out the ask !
$.258 lol I wish
A company with sooooo much potential and promise has not traded a share yet today.
So riddle me this batman, how could that be?
Only conclusion (sensible) is that this company has no real promise of being profitable without the influx of law suit proceedings, which leads to a question as to what happened to those execs that signed the purchase agreements were they sleeping at the wheel? Clearly not doing the expected due diligence when making purchases and signing purchase contracts.
Finally of all the bad debt that has been written off and will be written off, why were liens not placed to assure payment?
Again asleep at the wheel.
It is not considered a sale unless you get paid for it.
Glad to read that at least someone has had a dose of reality and seems to have to some extent cured the exuberant enthusiasm.
Getting better
Five and a half hours into the trading day and one sale of $28.50 plus commissions has been made.
What a block buster! So many people clamoring for this equity.
Ohh forgot to mention too that it's down 1% too
Correction
3+ hours into the trading day an still not one share traded. Demand for the stock is awesome!
Why is that?
Too funny
Two hours into a trading say an not a single share bought.
Ohh wait yeah no one is selling right? so put a bid in at the ask and see what happens.
Fantastic idea.
Put in a bid since these are "cheap shares"
I wish I lived in the US, I would make JH's life as miserable as I could.
Contacts (not really huge in the industry) are only a good thing if money can be made, the only money that has been made in the past 2 years is on a law suit, not in what they organically produce.
That as a business plan is not sustainable.
Hi Chuck, are we still on for the update today?
I could use some good news since England have just been knocked out or the World Cup today.
Cheers
Except for right now.
Fill ya boots.
Was that you today then loading up with a $1.037 block buy?
Apparently no one is taking up your recommendation. I would have thought that the supporters of this stock would be "backing up the truck" at what some describe as a "huge buying opportunity at such cheap prices"
Clearly this is not a commonly shared sentiment even amongst the supporters of this company.
Why is that?
There were a couple of times when he did those video interviews that he had to be on something.
Not sure what they were handing out at his church communion but it proly was not a legal substance
Read the 10Q carefully, and understand the verbiage.
They do NOT have a $2.5 million contract sighed, all they have is an "agreement" for a "contract" that will be worth $2.5 million
So no wants to comment on the $389K + they lost this last Q?
No mention of the laughable $185 in GROSS profit that was generated.
That would all be good if the $2.5 million was net profit but as you know it is not, setting aside the law suit settlement the company lost money again with now an accumulated loss of $2.5 million or there abouts
It is an "Installation contract" not a supply and install.