Still going strong
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Very nice 8K and the beginning of the job I hired Mr. O to work 24/7 on my behalf. I got a big piece of the action and think his measly 303 million shares are just as important as my boatload! I'll Donald Trump him if he gets out of line. LOL
BCNU
I was just pulling Joe's leg... I bought my final big block of shares today (over 10K) and now have my grand total of 61,569 at an average cost of .9236 each.
I am locked and loaded and fully invested. I might pick up a few more on paydays, but I'm out of powder. MY REC IS TO HOLD and hopefully watch the price climb over the next couple of years. I have about 5,125 shares in an E-trade brokerage account that I could swing trade, but all the other shares are in my SIMPLE IRA and two ROTHS. So I am well protected from the tax man.
BCNU
Hey Joe... did I done good?
Bought 740 for .83 a few hours ago and looks like a .84 close! I didn't sell, but think that gives me a $7.40 profit but I got to forget my other buys at .85... any awards for getting some at the HOD? How about "Mr Conviction" or something else. LOL
BCNU
Looks like we have come up with close to the same answers. I think I've read one or two others that agree with us...
From last night:
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=ERHE&read=91931
BCNU
Okay, I've loaded the boat with more shares at the HOD. LOL
I now got two investments: ERHE and MOSH and it's been a long time I've been this excited about a penny stock. Reminds me of HLSH back four years ago. Good luck to all and I'm feelin' good about my little stake in the action. It's only money, and you can read all about the more important stuff on the RB board. It appears most folks that post here post there.... so I wont' try to repeat too much. Anyway, let the news get released. We have our $45.9 million and I wonder if oilphants suggestion that we are sitting on the biggest oil find in world history since 1948 is true? BOL
BCNU
You must me Joe, right? It makes no difference even if Joe sold all 15,000 shares that he paid .888 for .89 because it still only comes to $30. LOL That's a pretty big panic if you ask me.... further, the news about a check on the 1 billion was later in the day and NOT first thing in the AM. It's obvious that Joe has a big head problem.
BCNU
Joes blog has me scratchng my head....
He states he bought 15,000 shares for .888 and that today he sold for a profit. Only thing is that per Business Week there was just one trade at .89 the whole entire day, which was the first trade at the open for 2,000 shares at .89. That's only a .002 gain or $4.00 profit NOT COUNTING COMMISSIONS. This guy is king of swing if you ask me... LOL
BCNU
Don't drink it all... yes the down times are okay, provided I can get my last block in the morning. I don't want any news forcing me to buy at over a buck in the morning. I'll let everyone know if I was successful in getting my extra 10K. I'm a little worried about oilphant spoiling my next purchase and having to pay through the teeth for a few more shares. LOL
BCNU
True, but the man can swing trade with the best of them. He posted he bought 15,000 yesterday for .888 and squeezed out a nice profit today at the HOD of .89. LOL
BCNU
Yep... we take everything SERIOUS and no jokes please! I got half my life savings in this thing and don't appreciate jokes, if you know what I mean! LOL
BCNU
I live up in the Cleveland, Ohio area now and went to school in a one room school house on Barnes Mountain in Estill County by Irvine.
BCNU
You know what they say... if you can't stand the heat get outta the kitchen. In KY we put dog's out of their misery by shooting them... did you every think a .45 might help? In other words, you ain't dead or dying... so lighten up... the world hasn't come to an end just yet. The drop from mid 90 to mid 80 is nothing, zilch, nadda, zero in pinkie land... if we hit 40 then complain a little.
BCNU
RCC
Hey, was just there at the end of the tobacco road near York, VA two weeks ago. My son is an officer in the Coast Guard and is the comptroller at York. He graduated from the USCGA. We had a great lunch at the Riverwalk Restaurant on Water Street. Along both sides of tobacco road are the biggest cane poles I've ever seen just as you get to the river.
BCNU
MOSH is an oil trust that is supposed to be getting royalty payments for leased oil properties. The Trustee and Partner (PXD) has been robbing them blind. IMHO of course. Read all about it at this site and be sure to do your own DD.
http://www.mosh-info.byethost32.com/
You can go back over all the MOSH posts on the Yahoo PXD Message Board to get more info. BOL
BCNU
It's not financial planning... it's called high-risk-reward investing. Don't confuse the two. It's my money and I call the shots. You might have loaded up with ERHE because of financial planning... I loaded up on a bet it will pay in big returns.
BCNU
Bet the farm... I did. I will have almost half my portfolio in this thing by tomorrow. I bought most of my shares at .94 and ain't worried. The other half is in MOSH. I am an MBA and teach financial planners at a private university. If you want to save money buy a mutual fund that's paying over 40% on any stock screener the past three years. If you want to make money, then load the boat. Sure it's risky, but it's certainly better than bingo and craps. You won't get rich following a financial advisor's advice. They MUST be conservative and watch after your money with care, or face possible E&O or Professional Liability lawsuits. This goes double if you're under age 30... you can afford a little more risk when you're younger... I am gonna be 59 in June. What is your goal?
BCNU
Hope there's no news until after Friday's close...
I still haven't finished loading the boat and need one more day before the money clears my account to buy. In the meantime, keep the price down! Where's all the bashers when you need them?
BCNU
I have no idea what you are posting about! You should at least be clear on whatever point you want to make and support it with facts. Now for this Joe Shea guy... I am new to this ERHE and did buy almost 50K of shares... anyway I went to Shea's site and he showed 35,000 that he bought yesterday for .94 and now today the number changed to 15,000 at .888. Who is this guy and can he be trusted?
BCNU
Thanks... looks like I need a little boost since I jumped on board with most of my shares costing .94. I'm not worried and think of it as normal for the course, I did save a few bucks to load up if it dips a little further. I will let you folks do the posting since this is not my area of expertise. I can do key ratios, financial anaylsis, etc. Most of the time I run contrary to the crowd for an MBA-type... I've been playing mostly penny stocks for the past four years. Now just hold the price down for two more days and I'll be able to reload some more shares.
BCNU
Just for the record... on HLSH
I bought in at .145 and kept adding all the way to July 7, 2003 and made over $100K in one day. I moved 85K shares over to Mirant and they filed BK a week later. Sometimes you make mistakes with investments and don't make the right call. It took me 3 years but I did recover a good part of my loss. My other big oil & gas play is MOSH with 370K units.
BCNU
Just wanted to thank everyone for the posts and reports...
I'm know NOTHING about these gas and oil companies, but recognize potential when I read about it. I loaded the boat yesterday with almost 50K shares, after getting 3,500 last Thursday when I first heard about ERHE. I DD'd the situation the whole weekend and think I've caught up to everyone on all the past developements. Anyway, I'll be adding more shares from time to time and think this is a real winner.
BCNU
Yes, the S1 is a real airfoil. The shape can be almost in any form... even a door can be a wing when the angle to the relative wind is correct. The S1 is obviously not a door and the shape is very much an airfoil. I was reading how by increasing the length (chord in our case) that it made the airfoil more efficient. I pretty much trust the folks that are now working on this project and believe their qualifications are without question. JMHO
BCNU
Very nice report that concurs with all the posts that I've read from people that were actually there and witnessed the Strat. I feel very good about my shares and wish I had all of my 1 million back! Anyway thanks to everyone for giving us your time and trouble to inform us far-away-folks.
BCNU
I like the fact 2004 revs are up 155% to over $29MM which speaks volumes on how the business is growing. The stratelite thing is still a side issue and the meat and potatoes are in the core business.
BCNU
muskyhunter11.... my two cents says that the reason is the large number of O/S shares and the huge number of day traders. There are untold hundreds or thousands of swing traders trading in and out of GTEL trying to make 10% for the week. Don't get me wrong.... I think the number of shares won't hold back the stock, especially if we go AMEX, but it will take a huge momentum in my opinion before we go to da moon. If we get a reasonable 10K, good report on the Strat, and soon followed by a great Q1, then we could be on our way... the AMEX will be icing on the cake. I have found it best to just forget the hourly watch and just check the price only every now and then... especially when we have no news.
BCNU
I wasn't spouting off but trying to help. There were plenty of people that didn't have it correct and only a couple that did. I was throwing in my support and even posted I talked with my Broker before making the move. I was using my own trading as an example. That's all. There are more than a few longs that are holding GTEL because of my rec going all the way back to Sept. 2003 when I encouraged folks to buy GTEL at 3 and 4 cents. Yes, there are others that have been around much, much longer than me, but when I post, it is to give my side of the story. There should be room for two sides of a story, if you want balance.
BCNU
I got my SNWR divy from Fidelity for the shares I bought on 3/1 and sold on 3/2. Got one share of GTEL for the 20,000 shares of SNWR. My E-trade account is still waiting for 15,000 more... I called E-trade and they said those shares will be credited sometime tonight. I tried posting about this info on 3/1 but my messages were deleted... guess somebody didn't believe me!
BCNU
Exactly... I am sure that Huff want a nice clean bill of health which mean an appropriate FAA Airworthiness Certificate so the Stratellite can be flown anywhere in the world.
BCNU
bullsEye1.. I am a FAA Flight Instructor with Commercial Pilot and Intrument Ratings. I am also a past member of the E.A.A.
I am not an expert, but have flown homebuilt airplanes and helped make one. This first inspection should be a piece of cake. The Inspector will be looking for proper construction techniques and material. I'm am 100% convinced that Vern knows what they want, infact, it is a good guess the Inspector doesn't know what in the world he/she is looking at, Hope he/she has a big ladder! All kidding aside, the FAA just wants to be sure nobody gets hurt, and since there will be no pilot this will be a little different from what I've seen in the past. I've been to Oshkosh and have seen just about anything under the sun, but the Stratellite is another story!
BTW, I bought GTEL for the other stuff long before the Sanwire deal was made. In a certain sense I'm happy they are giving this a go because it could help business, but the other operatins are what will bring home the bacon in the next year. I don't like the big swings the Stratellite could give us and like the steady eddy rise more than anything.
BCNU
You might want to read this for O/S GTEL shares:
This is what Yahoo works off from:
For the quarterly period ended September 30, 2004
As of November 12, 2004, we had issued 781,936,419 shares of common stock, of which 781,936,419 shares were outstanding.
Now read this:
FORM SB-2
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
2/3/05
Offering Summary
Offering Price: Prevailing market price
Securities Being Offered: 78,874,900 shares of common stock.
Securities Outstanding 944,849,146 shares of common stock were issued
Prior to the Offering: and outstanding as of the date of this
prospectus.
So how many shares are O/Ss? Can you add 78,874,900 + 944,849,146?
Disclaimer: I own 150,000 shares of GTEL very very long since September 2003.
BCNU
Please educate me... why did my posts get deleted?
BCNU
Emerging Analyst sorry but I'm not clear
on your point. I agree with everything you said about a typical BOD, but ignorance is no excuse. If you are thinking that the D&O insurance will still respond because the BOD was innocent, it makes no difference. The Exclusion reads:
"The Insurer shall not be liable to make any payment for Loss in connection with any Claim:
A. Arising out of, based or attributable to the Directors or Officers or the Company gaining in fact any profit or advantage to which they were not legally entitled;
Thus, if either the Company or (not and)the Directors or Officers gain any profit or advantage which they were not legally entitiled the Exclusion will be put into affect and the insurance company will not pay damages.
I am keeping my stock and buying more, not because they have a safety net with insurance (the insurance is worthless) but because I think Mr. Joel C. Gordon has the ability and the connections with banks and Senator Bill Frist to keep HSC from BK. BOL BCNU
It's so darn easy to read financial reports and accept them at face value. BOD members, however, do have a responsibility to ask questions. Mr. Gordon probably feels like he has be cheated, and perhaps even failed, himself. I doubt if he will stay on after this mess is cleared. Hopefully, Mr. Gordon will be able to find a good CEO and BOD replacements. He has the voting power and doesn't want to make any second mistakes. I just saw the man one time on TV and he looks determine to win. Should I get my 20,000 shares it will only be $3,000 at risk. Let's hope the many employees and past investors get to continue with a revised and renewed company. Who knows, perhaps the events that took place may turn out to be the best thing that could have happened to HSC. I believe that all things work out for the best, even if it requires two steps back to eventually gain one step forward. Do you know what steps will be needed to replace the current BOD?
The Company will not be covered...
To further add to my credentials please let me add I'm a senior underwriter and AVP for a A+XII company.
Dear zardoz:
Lawyers lose 50% of all cases for what its worth. For those than can read Exclusions please checkout a typical D & O policy:http://www.genesismanagers.com/downloads/gplu/PolicyPublic.pdf
Please note the following under Section IV Exclusions:
"The Insurer shall not be liable to make any payment for Loss in connection with any Claim:
A. Arising out of, based or attributable to the Directors or Officers or the Company gaining in fact any profit or advantage to which they were not legally entitled;
B. Arising out of, based upon or attributable to the committing in fact of deliberate fradulent, dishonest or criminal acts by the Directors or Officers, or by employees, agents, or representatives of the Company.
There is sufficient cause to immediately notify the Insured with a denial of coverage based on the fact that four CFO's have come forward and pleaded guilty to deliberate fradulent acts over an extended period of time. If any insurance company continued to defend under such circumtstances the insurance company, itself, would be openning itself to mismanagement and lawsuits from its own stockholders. It is clear that the Company (HSC), as well as a number of its officers and employees benefited from dishonest acts.
These are the facts. There is no coverage. BCNU
Dear South Louisiana...
Sure there can be many possible outcomes, but all I was saying was that insurance does not cover intentional acts. I didn't give all of my credentials.... I'm and MBA and teach Insurance Planning and Risk Management at the local university. I'm also an approved instructor in both Ohio and Pennyslvania for continuing education courses for both agents and brokers. Sounds from your name you live in Louisiana, which is the only state in the USA that still follows the old common laws from our good friends the French. You can take my statement that the insurance company is off the hook to the bank, and bet that no indemnification will be paid. The D&O policy will NOT pay any claims for the intentional acts carried out by the owners and officers of HealthSouth. I am saying ZERO chance, regarding your other comments... those are things that I didn't address in my post. BCNU
About the Insurance for D & O...
This is an area that I'm and expert in.... I have 30 years experience, hold the Associate in Risk Management (ARM) designation, and the Certified Insurance Counselor (CIC) designation. The insurance company is off the hook and will not be obligated even to defend HealthSouth in this situation. Intentional Acts of the owners and officers (read CEO and President) are not covered by insurance.... end of story. BTW I did get 2,500 shares at .145 yesterday 4/24, so I am now an offical part-owner in HealthSouth. My MIR stock is climbing and it looks like a sure bet to hit $10.00/share by the year's end. I just can't bring myself to sell MIR in order to buy HLSH, but I must say I'm very tempted.
I hope you do well with your lower average costs and this stock goes big... I heard that EBITDA means: earnings before I tricked the dumb accountant! BOL
I hope your predictions come true... the assets would require a buyer and time to avoid a 'fire sale' at less than full value. I would like to see the banks give a little more time so things do not need to be rushed. Jet airplanes, etc. need time to sell. How much do you know about the new management? I guess the old board will be history...
PS. Trying to buy some shares on Monday at 16 cents.
On again to buy HLSH...
I know this is a high-risk play, but have placed a small order for 5,000 shares at .14 for tomorrow. It's late now, but will update you during the day 4/17. I am using E-trade so hope there will be no problems... total cost is $722.99 or .145/share, if the order gets filled. BCNU
Trying to buy some HLSH stock...
Have an order in for Monday for 12,025 shares at .165/share. I have most of my portfolio invested in MIR at an average of $1.78/share. I like HLSH as a high risk but super high return for the money investment. I think with 827 institutions owning 71.5% of the shares, TP Morgan Chase Bank and Wachovia Securities giving a forbearance pact, the huge number of employees, 1700 offices, and many MD's that need work... plus, the criminal executives gone, and new management this could be a good "fix it, don't foreclose it" company. If they let this go into BK, there will be bankers, institutions, investors, and stockholders all in a terrible mess. The short story for me is that it is worth the $2,007.12 it will cost me if my order is filled. Any comments?