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I once held 280,000 shares in this outfit and was lucky to sell most of them at a good profit before the most recent reverse Only hold 6o0 now and will dump them if they ever rise to a decent price.if the latest merger goes ahead a price of several dollars a share could be reached and then I am out for good.
Probably I have been VYEYs biggest critic but at last they have done something which I agree with. Looks posative for the first time in ages. Time for a new start and with a clean sheet as far as I'm concerned. Good luck to all of us
One director has done the righr thing and resigned how about the rest of this hopeless board doing the same. Even they now realise that with oil falling to as low as $20 a barrel they will not even cover the money they are taking The whole lot should go the sooner the better.
With the falling price of oil none of the companies drilling in the North Sea off UK are now making money. How long before VYEY admit they are losing money on every barrel they produce. IMO oil may well fall another $20 a barrelin the next few months. as Russia cuts its oil price to try to stave off economic collapse
Never has there been a management who know so little about how to run a company. The oil price may well fall another $10-$15 per barrel and VYEY will not even cover the over inflated wages they pay themselves.
VYEY seem to stagger from one error to the next,here are a few things they have done wrong in the last few weeks.
1 failed to meet terms of loan agreement with bank.
2 got the date of a vital conference call wrong not once but twice
3 claimed to have purchased rights to oil reserves they never paid for.
4 increased the board of directors to swallow up more of the profit they are still to make.
5 issued results late yet again and still seem to have them wrong
Yet more botched information from VYEYs useless management. Are they even making money as the oil price falls to a new low each day
No report on this site regarding SeeThruEquity Initiates Research Coverage on Victory Energy Corp. with a Target Price of $1.27. does anyone have any information about them
I have been a shareholder since 2007 in the Australian based company which has just sold the Fairway holdings to Victory.
I also hold shares in Victory.
A member of Victory board was a VP of Austin Exploration based on the Australian Exchange so should have been well aware of the company he was dealing with and the problems they were having
IMO The management of VYEY is not fit for purpose and should resign at once. They failed to check what they were buying from Target until it was too late.Now they have backed out of completion resulting a much smaller share than they told shareholders. No one on this board can be trusted
If you know little about this VYEY stock you may well know more than CEO Hill who seems unaware that VYEY recent purchase included a stake in more oil ventures than he informed either shareholders or the Stock Excange about.How does a expensive marketing agency promote such a company
Are Management dumping shares already if so this is not a very good sign for the future. Most small shareholders hold less than a 1000 shares so about 70 of them would all be required to sell on same day
Appointment of yet another senior board member I wonder how many more than can add before they run out of senior citizens to give large shareholding to. Only 79 so they must be hoping for at least 21 years service from this one.
Hi regarding the change of Auditors. VYEY moved from Weaver as they considered them unsuitable for what they wanted to hide from shareholders. If the new Auditors were not any better why would any company return to the original unsuitable ones.Many existing shareholders would need a very large increase in share price to about $10 per share to get out at break even. IMO this share should already be at between $2-$5 with what they say they have right now is correct. The upside on this company is limitless with very little chance of the share falling lower than 25cents. Good luck if you decide to come aboard
Robert Miranda was brought in by previous management to help them rob the company and close it down. However he went after previous directors instead and reclimed enough assets to return the company to a position of being debt free. Being an accountant he had no wish to continue in control and handed over to this Hill guy ( a big mistake in my view)who has set out to change the company assets until they are untraceable. Over here in UK I only bought into VYEY when Miranda took over and must admit that when he left I sold over 95% of my shares at a very very large profit. The few shares I have left are of no great value. I only make comments on this board as I see many of the tricks of the past being used again An example was a recent sacking of auditors because they failed to give the directors slant on what was happening, when the new auditors also failed to agree with management they returned to original auditors and wasted more fees.
Robert Miranda was brought in by previous management to help them rob the company and close it down. However he went after previous directors instead and reclimed enough assets to return the company to a position of being debt free. Being an accountant he had no wish to continue in control and handed over to this Hill guy ( a big mistake in my view)who has set out to rob all current shareholders by juggling the company assets until they are untraceable. Over here in UK I only bought into VYEY when Miranda took over and must admit that when he left I sold over 95% of my shares at a very very large profit. The few shares I have left are of no great value. I only make comments on this board as I see many of the tricks of the past being used again to cheat shareholders. An example was a recent sacking of auditors because they failed to give the directors slant on what was happening, when the new auditors also failed to agree with management they returned to original auditors and wasted more fees. Now they are adding more and more directors to use up the income as it comes in. I have also been trying to find if Hill was linked in the past with Target who VYEY have just paid far too much for a stake in some of the wells they run.
This company will soon have more directors milking it dry than the number employed by genuine leading world oil pruducers.
RR I only joined VYEY when Miranda was appointed by FullenKamp to try to sort out the mess. Bob Miranda was I believe trustworthy and so made sure that the previous CEO was removed as part of the rebuilding plan. I always knew he would leave when that part of the job was done. From the day that Hill was dumped on us the old bad ways have returned. To change auditors and then switch back proves that very crooked deals are taking place that even the new auditors were unable to agree to. So they changed back to the ones that VYEY said themselves were unsuitable Hill said shareholders would be kept up to date via the website, but anything placed on there is already old news
VYEY do not intend to leave any money in the company for smaller shareholders spending yet another $180,000 per year on management they don't need. This is not a company that can be trusted.
Just what I said a few days ago, if there is any way to throw more money away on management VYEY will find it. So glad I sold 80% of shares held in this outfit some time ago.
Good news after good news and yet the results fail to show any great improvement. Just more money thrown away on paying various companies to promote the shares. Lots of paid management but so little ability between them.
What is this load of rubbish about
VYEY have just paid $6 millon for 10% production from Aussie company which still has 50% rights bringing it over $25000 per day and that has done nothing for their share price. They claim ever increasing production after fracking. Have they sold part while producion it at its highest or is there more to come. Time will tell
VYEY are about as transparent with shareholders as a 10foot thick piece of lead. They never keep shareholders informed about anything.
The last time I received any information from them was in a personal reply from CEO Hill some 18months ago. That was to tell me that in future their website would keep shareholders informed. When is that going to happen. still waiting for an update.
Advice to new investors look at what you are told by this new properganda machine VYEY are throwing money at, study it carefully and then throw it in the nearest waste bin
I calculate that another 100 wells like this might just lift the price to $1 what a complete sham Another $300000 per year might just help pay for the money this company throws away
In this day and age getting your good news out to investors is easy. Covering up the mistakes and how you are wasting company assets is why companies employ Investor relations. VYEY should just tell it how it is and stop trying to pretend everything they are doing is great. Investors of all sizes are well able to make informed decisions when given the true facts
VYEY is a company which I have no faith in anything said about it by regular posters on this board. If even 1% of the facts offered were true this company would alredy by in dollars and not a few cents. Can we please have a little honesty
A new low even for this stock. volume of a single share. that is just plain stupid
Now looks a great time add this stock before it takes off. Sorry I was thinking it was April 1st
Just shows the point I've just made. How come a company which is debt free, with almost unlimited finace and oil and gas coming out of its ears is at 25cents and not $25. Something is WRONG
Hi zagdad. I bought into this company at the time Robert Miranda took over to sort out the crooked dealings. As an accountant he understood that shareholders matter and should be told as much as possible. Since his departure the company has slipped back into its old ways. At one time I held over 2,500,000 shares along with a few friends. We sold most prior to the share reduction offer and so I am now the only one over here with any interest. If the present projections were anything like real why are other companies not fighting to take a bigger stake in this minnow with big fish potential
I have been a financial accountant for many years and the accounts that VYEY put out makes no sense to me at all. There is no link from one set of accounts to the next and they seem to be able to just restate their position at any time without ever telling shareholders how they relate to previous figures. No wonder they switch accountants back and forth as it seems very clear that VYEY are using a smoke and mirrors system of accounting. Now you see it now you don't.
Maybe one day they will let us know just what is happening, but not just yet I fear
Been away from the site for a while and still all VYEY ever produce is a load a hot air. One day they may even issue a statement which has some meaning. What about the updates promised via their web site. My impression is they suffer from memory loss and may not even remember what they are trying to do
Even this hopeless management will not be able to keep the lid on this if production keeps improving.
Try looking at this another way, every day production has been rising adding $50 per day to that total so now it is $7200 per day. Very soon investors will realise just what a valuable company this will become. The company will not be able to hide the potential forever and then this price will go through the roof
Hi SBC
Looks like the management team are at last starting to see what running a company with future potential is all about. Roepke have a great reputation. I know of several major clients they have helped and getting information out to business is what they are best at. IMO we can look to an increase in share price of up to 10 fold if VYEY have anything to support their recent claims. Already rumours are starting to circulate that they have had much more success than we've been told. This could be our year
Roepke Public relations I have heard about. Does VYEY have the kind of money that this publicity firm will cost. If they have then shareholders in YVEY have been lied to over a long period of time about the oil finds they have been making. Time to come clean about how they are going to raise shareholder value in the short term.
I am sure your right that this is just another ploy to unload some shares, but what they will not like is lots of small shareholders buying small lots of 1000 or so shares. The more shareholders the more unwelcome questions are generated.
"The Lightnin' property offers the most immediate and strategic path to improve our cash flow and achieve profitability this year"
Part of the latest news update from VYEY.
News like this should be updated as often as possible and then we may well see this share start to show its real value.
Shareholders can help by spreading this news to many other investors in the business section.
To CEO Kenny Hill,
Months drift by with little or no news being made available. It does seem that nothing is being done to provide shareholders with any information.
Running a public company should be about keeping shareholders informed on what is happening.
Having even a little information can help Investors to make decisions in what we all know is a very high risk business.
regards togetherwegain