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what kind of ratios are typical for a reverse split?
Thanks Elkonig -At what point do these fantastical PR's truly make a difference in the pps? We can clearly see so far that the Disneyland stream of press releases,in all of their splendor and scope, have done ABSOLUTELY NOTHING. In essence...WHERES THE BEEF?
Does anyone know when the next set of company financial statements be available so that we can finally see if all of these press releases are generating revenue? That is what it is really about. Who cares about great press releases if revenue is not generated.
If we see actual revenue being generated and a positive cash flow, that may the lynch pin that finally leads us out of the .000's. Until that time it seems like we are idling through a stream of incredibly positive (appearing) press releases, but with no real horsepower to make the pps move.
thanks !
enlighten us....
I would tend to agree that this is a scam, but how could Sweratel, ONB, and Pure mobility all be so publicly involved together in a scam? it seems like this has grown beyond one companies idea to scam. all they somehow all in it together?Doesn't seem realistic or reasonable now.
I have held this stock for six years(sadly) as the price has plunged from 0.60 to .0001. I have seen ridiculousness after more ridiculousness with Wilmot and his management. However, in my simpleness when it comes to investing( i am no expert), i cant fathom how this whole thing is a now a stock selling scam that involves pure mobility, sweratel, OBN, and others and a growing list of partners..This would really be some sort of fantastically enormous charade to sell shares.... It seems to be growing exponentially by the day with new entities and involving many companies,billions of people worldwide, is becoming more complex by the day. At some point something has to give and it is real or someone is going to go to jail. we probably wont know much until the financials come out i guess.
Could this really be an elaborate scheme or is it truly a building of a solid company with a solid business plan built on a solid foundation?
How/when will we know? press releases are easy to put out.
uh....ya...........x.0003
you're exactly right. this exact cycle has gone on for six years with this company.
Welcome to EGOH. This is what happens and has happened for six years now.
when did the new share authorization happen?
ok thanks - that makes sense
exactly. can an educated person/trader please explain to a laymen how a company that has a contract in hand worth $200M has a stock price that sits at .0004(4 ten/thousands of a cent) and baaarreelyy moving?
it seems to me that this kind of substantial news for any big company(Boeing, Dell...whatever) would prompt more than a .0002 stock increase.
Is it disbelief, lack of evidence...what???!
It still seems to me that these appear to be steps in a better direction....especially when compared to where were a year ago when we apparently were becoming owners in a ridiculous high school sports website. We have to keep in mind we are at the bottom of the barrel. It really wouldnt take more than a few reasonably good business decisions on Connies part to make the value go up. I am not saying these are such decisions, time will tell.... but at least we have some movement in a non-Wilmot, non-high school website,non-barwicki-esque direction...... but rather some good communication from a owner who is making some apparent oil producing, revenue generating decisions.....its not earth shattering news....but maybe they are baby steps. At least no one seems to be questioning the actual decision themselves....only whether it is fluff or not. And who could blame anyone for questioning that! For all of us long timers in this stock, remain hopeful and encourage her to do well.
a couple of thoughts on the perspective of EGOH.
Current EGOH oil production is...and has been zero for a very long time.
At this time, any production greater than zero(even in intent) is an absolute improvement over the non production and lack of direction of the company....albeit small.
For those of us who have held this stock for four years and watched the downward spiral...the prospect of actual production is very promising and a step in the right direction.
according "Exhibit A" of the the field production document signed by Drake Gold and dated 9/19/12:
10% of the existing wells at the morrison lease are producing 2.8 barrels per day. the remainder of the existing wells are not contributing...yet. There are 396 acres for production.
16% of the existing wells produce 1.6 barrels per day at the Frank Farm lease.
Currently how well are those wells operating? Maybe the efficiencies could be greatly improved?Maybe new wells can be drilled. A company has to start somewhere and it appears that there is some direction from Connie, communication from Connie, pictures from Connie.
The bottom line for us shareholders......even the miniscule levels of production are great prospects in my opinion for a company who has produced nothing in many years. I am not saying they are the next major oil producer in america.....who knows..... I am just saying it appears to be positive information and maybe these are good baby steps for a baby company. These are my own thoughts, make your own conclusions and do your own DD.
News!!.....coming in picture form.
IMO you are all kidding yourself if you think this stock is gonna make some huge breakout. I have literally owned this stock for 34 months and have watched the CEO do nothing but send it spiralling downward. the current prospect of news and an operator is exactly where we were 34 months ago. sorry to be a downer, but look into the history for yourself. I learned the hard way. invest in good people, not companies.
I have been waiting for the Meat and Potatoes to be served since Sept. 2009 on this stock. I am not kidding. It is coming up on three years. Todays news is no different than it has been for years. Dont fool yourself. Wilmot has proven for three years that he cannot (or does not to)get it done.
www.marketwatch.com/story/green-star-energies-releases-information-about-questus-energy-llc-2011-09-15
Has anyone found anything on Questus? I have not been able to find any material information on them.
This is all new to me but is that volume today on Nitro on the Frankfurt exchange?