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Recent big gains in some low value shares have caused some investors to sell and take a profit. While agreeing that taking a profit is never wrong, sometimes looking at longer term future can be much more rewarding. If your share look to have a great future stay with at least some of them and reap the rewards
You are due some better luck with this stock after 6 years of hell and fingers crossed I think we now have the right management with a sound business plan. Steady growth with small stakes in lots of wells seems like a safe way to go forward
Good DD however, it would have been more helpful if this part of the SEC article had been included 'The worry is that some of the companies, many of which are located in China, are not able to stay afloat after concluding a reverse merger, the S.E.C. says. As a result, the S.E.C. posted a notice asking investors to be skeptical'.
Thanks for the helpful update. It should be clear to present and future investors that what happened in the past is no longer important. VYEY has moved on and we should all be more interested in the plans they are setting out for the future. Still a long way to go but VYEY seems to be moving in the right direction at the moment
Positive DD many thanks
Email I sent & reply from VYEY received on 28th May.thought it would be of interest.
"Subject: RE: Victory Energy Corporation
Hi Donna
Many thanks for your recent phone call which I found very helpful. When I spoke to you I said that being over here in UK I found using message boards like IHUB a useful way to keep up with investors thoughts on VYEY.Many of the posters on VYEY message board have been shareholders in the company for some time and find it hard to understand that the new team under Miranda are really interested in all involved in the company.
Me own view is that the latest update of accounts was it showed a better position for the company than I feared and if the wells being drilled are all good the price of the share
could show a steady increase over the next few months.
Please let me know if this is the kind of message you would like to be passed on to shareholders.
regards Terry
Terry,
I want to thank you for your email and for your continued support of Victory Energy.
As a publicly traded company, Victory’s policy is to allow the publicly filed information be interpreted by the market independently. We don’t seek to influence the investor in
any way.
We will continue to provide all investors with updates through our press releases and SEC filings.
I am glad that you found the recently filed results better than you had expected.
Regards,Donna Dolan"
Best post I've seen on this site
I am now assistant on this board sure you will be shortly
Me too
You can be mod from free account
If a case from 2004 is not closed yet they must be very slow
IMO little or none of the production income from the new wells was received during this period. This should mean a modest increase in income from now on. Figures were it seems much better than most stock markest pundits predicted.So VYEY may be about to move upward
Cousin Vinnie seems to figure in many updates so are we to assume that a member on this board is indeed related otherwise every post would be off topic and has no place on this or any other board
With all this "information" about USRI together in one place it could be seen by any potential investor
Message boards should be about giving helpful information to others. I find that many messages boards fail to do that beacause anything against the views of the controllers are promply removed
Been working through all the detail in the VYEY finacial update. The next few weeks could be very exciting here is how I see it.
The management are taking warrants as payment so unless they do better thay are working for nothing
I think that present shareholders should try to forget about past losses of this outfit and get behind the new board and help drive this company forward.
IMO Buying shares from this low position will drive the price up and make money for all including those locked in at a much higher price. Time to give the board support
How can any expensive equipment be installed in a building until it has been made secure. From what I've seen this is just what USRI and the present contractors are doing. I have no idea if installations will follow, but at least the groundwork is being started
We must await an invite from present mod
There was no news about LOI to Acquire 51% of Scrap Tire-Rubber & Used Battery Export Business but email from Smith says that was been completed within deadline maybe the same with this one
I single word missing on earlier post about VYEY changed the entire message. I think you too would be a great assistant
Are you interested in a couple of assistants on VYEY message boards
I have a keen interest in VYEY would you be interested in an Assistant on this board.
The shares may be about to move very sharply. Being careful not to give more information on this board today 12th May.
Thanks for the photos. Great to see this update
Great link putting OTC shares into their true place. IMO Gambling on shares like USRI is like always picking the share with the least chance of coming good, but knowing that if it does it will be big. That is why so many people gamble on this type of share but remember never risk more on one share like this than you can afford to give away
Message received from USRI
1.) Continental Waste Management, LLC – this transaction has closed successfully on schedule;
2.) GARB Oil & Power Corporation – this transaction is pending in accordance with the terms & conditions of the LOI
I trust this answers your inquiry.
I think we can all agree on that
"once a sleaze bag, always a sleazebag" then it follows that once a winner always a winner and we all know that's not true either. USRI is taking high risks to try to turn round a failed former business. Lets give them a little time to see how they do
The post about Vinny Smith was from May 2005 I fail to see how that has anything to do with USRI today. It also fail to include the verdict which resulted from that case.
Without the R/S in my case I had millions of USRI shares which had no real value. After the R/S I now have 12,000 shares I can sell at 0.11 and another 3000 restricted shares No contest in my opinion
Good post based on facts. Still a long way to go but we have a management team in place now which is working for everyone. IMO the share will start to make steady upward progess in the next few months. If not in this share already now seems a great time to buy
Here in UK tire freezing is not new here is a part of article, we do spell tire with a y over here
First tyre freezing plant opens in UK
26 July 2007
One of the most advanced tyre recycling facilities in the world has opened in Neath Port Talbot in South Wales.
Tyre recycling firm Tyregenics yesterday opened a £4 million facility in Baglan which uses liquid nitrogen to freeze tyre shred to -80 degrees C before smashing them into crumb.
Just by saying a share will go up does not make it happen. I hold a lot of shares in VYEY but until the promised outstanding results from earlier years are published IMO they will not move very far.I have long been a supporter of Miranda but he put forward the date of 15th April for the overdue accounts and I see no reason why he should not have met that deadline. The outstanding results will be bad but not putting them in the public domain will deter investors
Like many other shareholders in VYEY I will not buy more until they produce the outstanding financial update promised on 15th April. We know it may be bad but to go forward it needs to be in the public domain as soon as possible
I can understand it taking some time to clear up previous mess, but this time the new team stated when the deadline would be and have still missed it. No one holding the shares can be expecting good figures but the sooner they are made public the better, a chance to clear the decks and go forward
IMO the financial results due out are very important. Large losses can be carried forward against any future profits and offset against taxes.
Everytime a deadline for returns is missed it looks bad for the company. Come on Miranda tell shareholders why your own overdue deadline ofApril 15th has been missed
Most of us are looking for a share which will make us rich in a few weeks. This does happen but is very rare. Instead try to find a share which has something new to offer or has found a better way of doing things.
"Forms 10Q for the quarters ended March 31, 2010; June 30, 2010; and September 30, 2010, are delinquent. We plan to file these by April 15, 2011"
WHERE ARE THEY!
I hold a few thousand shares in USRI I'm based in UK so do rely on posters on this board for information. I welcome anything you can tell me good or bad about this company. Many post on this board without any facts and I see that as no help to anyone. Thanks for taking the trouble to find out about local activity and any future info would be great