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The following could be a worst case scenario of this stock, which is totally fictitious but food for thought about risk. I have been a part of this stock ownership since Well renewal became LHPT. I have owned 8 million pre split shares.
Oneman ninja I would appreciate it if you would NOT delete this post like you deleted the last one I posted some months ago.
Tony and the Potential Partner(Sly) meet in a bar and have the following discussion.
Tony -- Hey Sly how you doin !
Sly -- Could be better, I've been trying to get back in the game but its a lot harder than it used to be. I thought it would be easy with my experience and accomplishments - BUT -- Even though the opportunities are there, the competition is a lot tougher. I'm competing against the BIG Boys now -- don't think I can make it. Should never have given up my last gig. How you doin Tony.
Tony -- Very well
Sly -- hows that -- your company has no employees no revenues, stock is triple zero. That looks bad to me.
Tony -- Well here is the deal --- I have found a method that has made me millions and it's easier than flipping houses. I start the company initially with O-S of 10 million. Then I let out a few PR releases about new plan & some insignificant acquisition. When the buying starts I get them hooked at the starting price -- usually around 10 cents. Then I sell into the bid with company shares. It's an artform I'mm really good at it--I take it all the way to 0.0001. This last time, I sold 1.6 BILLION shares in about a year at an average of 0.0015. Thats $2.400,000 coool DALLLaaahs. And I did it three times in three years.. Thats a lot of salary and expenses for me and some eyball wash for sucker shareholders. Don't worry bout SEC -- they tooo busy watching legitimate companies like Apple.
I'm going for a 1 for 500 split take the shares down to 3.5 mil -- but I've milked this one enough. Would you be interested in buying in and with your credential you can do it three times too--
Sly -- Thinks about it -- then -- OK Tony lets draw up an LOI
Tony -- you know the market runs on fear and greed -- well maybe a lot of hope too in the case of these sub-pennies - these sub penny investors are not too bright -- give them hope -- only good or neutral news -- never bad news -- although for them this experience will be dark as a bat cave. How much oil would you have to pump SLy and how much risk would you have to take to make this kind of profit in three years... ??
SLY -- OK BRO lets DO IT ! Tony -- OK !
A company of two individuals is NOT a powerhouse company IMO.
Perhaps a potential arrangement of equivalents. Although there is not much below LHPT in value and quality and honesty and potential -- For years LHPT has been going down in value and ---this is one of the best oil and gas opportunity markets ever ALl IN MY OPINION
I know why -- because they want to save the bagholders. What other reason could it be -- It seems that LHPT is one of the worst potential growth opportunities. Is it the acquisition of the shell company ? WHY
Why would a major powerhouse company be interested in LHPT -- ???? WHY
I agree with you --
A letter of intent (LOI) is a very long way from a final binding agreement.
Since Danos took over I have seen the stock diluted to oblivion--- then came the 1 for 500 split reducing the shared down to about 3.5 million. NOW - just a few months later after that dilution we have already diluted this stock again 36 times to 106 million. Where has all that money gone --- IS a letter of intent all there is. I see this company going AGAINST the best interests of the shareholders-- HEY THERE whoever is in charge --- mere promises don't cut it anymore !!! Where are the concrete results ?
At 109 million shares already -- what can I expect OS to be by year end --- North of 500 million ??
Where is the value for all that dilution.
Too Little Too late where is the SEC -- even penny stocks need some accountbility
NOOO WAY - Not SO
Traded 75 Million Shares so far today and we are exactly in same bid/offered as yesterday.
More Massive dilution IMO -- But who is buying ??
Could be the company - is raising more capital,
Historically, the company has gone through three rounds of reverse splits.
The first round was 1 for 1000 shares..
The other two rounds were similar in scope.
Why would this time be different. ?
I'm wondering if an "old dog can learn new tricks"
or if "even a blind hog can find a truffle"--
Or how long the SEC will allow this to continue..
The last round of splits brought the shares down to less than 20 million..
Now we're at -- what =close to or over 400 million.
The price now is so low that every investor that ever bought this stock in the market is under water.
Meanwhile the company has pulled out (at an average low estimate price of 0.001 --
They pulled in more than $400,000...in a little over a year.
I wonder about the objective here of this company...
HEY LHPT --- shed some light on this here NOW or I'm filing a complaint
Signed,
Frustrated and disgusted investor
What we do know is that this company has no revenues but does have expenses.. If they are really trying to make this work out then they have big expenses in the field as well as in the office. My guess is they will cover those expenses by selling stock no matter what the price of the stock.. and from time to time they will try to bring in some bargain stock price buyers or averaging down buying by issuing PR's... like they have in the past....
I agree with you lol !!
I think the company is the seller to raise cash.. Every share the company sells is 100 % profit for the company.
If the company sells 500 million shares at an average of 3 cents per share, that is a COOL $ 15 Million.. Easy Money for the company.. LHPT/WRNW have done this twice before.. To me it looks like a repeat performance.. Probably much harder to make $15 million of pure profit by pumping oil.
In my view it should be relatively easy to make a success of a OIL renewal production company for the following reasons:
1. There are thousands of abandoned, or underutilized old wells in the US. The majority of these wells have more additional proven reserves still under ground than what has already been produced. At current oil prices it is easy economics to renew these wells, increase production and make big money at minimal risk.
2. The market for CRUDE is a NO brainer -- It is a commodity --- No marketing required !!
3. To make this work, it takes just average knowledge in the business and a desire to make it work. It also takes the willingness to work and follow through. Just the basic planning and implementation skills is all it takes.
If the NEW team has these qualities, the success this time around is assured !!!
If, on the other hand.. The plans are not realistic..... There is NO work ethic to implement..
There is only a lazy desire to push false PR's and sell shares to bring in cash, then this would be another PONZI scheme....
We must have the the following !!!
Realistic Plan
Hard work to implement
Honesty in disclosure
Integrity with all involved....
Then we will be well rewarded in the future..
So far I do like the prompt disclosures..
Now, I am looking for ONE positive step after another positive step taken by the company to implement a good plan.... This should be EASY ---- Given the right TEAM It should be EASY...
This is very interesting..
However, I do not see this as a big money maker-- A 25% INTEREST THAT GOES TO 5% interest...
In my view this is little substance and a lot of PR paint to bring in buyers so the company can do the dilution process again..
What about the three wells they said they owned last year when Kennedy was CEO-- NO word from company what happened there..
The company currently has over 30 Million common shares outstanding.
They recently did a 1 for 250 share reverse split..
So if we now take 250 times 30 million shares outstanding that is 7.5 billion pre split shares..
They did the 1 for 250 reverse split first -- then they diluted the post split common stock by about ten times.. either way it amounts to the same result---
This is on top of the 1 for 1,000 share reverse split this company did several years ago when it was WRNW -- before they did the LHPT name change.
At this point any increase in volume is likely company dilution to raise cash.
There has been enough bid support to absorb close to 13 million shares today. Given the facts, there has probably been more support than there should be. Seems to me that there has been a LOT of support given the high volume. I would characterize it as the volume of sell action has tapered off.
There has been a lot of selling of this stock since January, especially on rallies. It could be that the company is selling a lot of stock to raise cash for whatever it is they are doing. I wonder if Kennedy is collecting his $240,000/year salary ? There seems to be lack of follow through on PR announcements. That does NOT inspire confidence.
Frustrated here
Could this be a Pump and Dump Dilution ?
At this point, this is a good thing(in my view) here is why:
First,
UPDV, HTOG, CNFU own some very nice assets. The former management of these companies had good plan and did acquire great assets.
second
They did mis-manage the plan and were obviously dishonest (understatement). The default on to Sheridan and vendors, probably caused the companies and personal assets of officers to be seized by debtors. This was probably a good event for shareholders as it took the companies OUT OF THE HANDS OF THE CROOKS well over a year ago. Since the debtors have a lot invested in these companies, they would try hard to recoup investment. In my view this is what they have been working on(in any case this seems logical progression of events).
Third
With oil over $100, it seems the assets are now MORE VALUABLE
Fourth
The CROOKS have been taken out of the picture.
Fifth
These companies are under the microscope of the FBI and SEC, this is a good thing for us BAGHOLDERS, as whoever is running the show now will be compelled to deal fairly with shareholders
In my view it is a matter of time (hopefully sooner rather than later) before the facts are revealed and the shareholders will see clearly what the situation is. YES, I was sucked in by the plan and went ALL IN on these stocks---I am hoping that justice will prevail in the end for us shareholders as well. I my view, with Oil at $100, and gas assets in demand, and honest parties now in control, shareholders have reason to be hopeful.
Yours TRULY
ALL IN bagholder