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2 billion authorized shares! This is what we should all be concerned about!!!!!!!!!!!!!!
With 2 billion authorized shares in new setup, one must assume they will dilute the stock again.
Thanks for pointing this out. I did not see the "Par". in value.
You just have to laugh. A few of us tried to tell the rest of you. If they start selling the 2 billion authorized shares again we are beyond screwed. My value went from an unsellable 1,750 dollars to current unsellable 5 dollars and 83 cents. All the while they give themselves 250,000 dollar salaries for no performance. Makes sense to me!!!!! LOL LOL LOL Chezzzz
Yes!! with 9 billion shares O/S this one to would have to make no sense in order to get into the pennies.
to funny blackhawks!!!!!!!!!!!
I am interested.
Buy back program??????????? They are still burning through the 9 billion shares! They only suggested a buy back program.
Hey do ya suppose they authorized another 9 billion shares?
Funny...LOL
Old news, they made that claim two years ago.
Huh???????
DITRStocks & Ernieree how good is the pay pumping ungs? You sure have a lot of posts. Busy morning for ya. They finally got all 9 billion sold. Wow!! Maybe the Andersons can increase the A/S to 18 billion now.
Ya know everyone, it takes a while to sell a billion shares, let alone 9 billion, (less the billions of shares the ceo's gave themselves for their outstanding performance thus far.) Be patient!!! Give more money. It is a great fund raiser!
Bruce, me to $$$
Pumpers will be back as soon as we receive more propaganda from ungs. Should be soon. I believe ungs has 400 or 500 more million shares to sell to get all 9 billion sold. If sales start to lag we will hear more news.
I would be willing to kick in a 100 bucks. If we got enough shareholders to participate would this be enough?
Thanks for taking the time!
Regards,
Snowcat
Thanks, Money is not so important that I would do most anything to make a buck. I'd rather be poor. Todays culture sucks.
Mostly all well said. Business by means of a handshake is not unheard of. Not that long ago, that was how American business was done. It has just been forgotten.
I read not that long ago that only 10-12 % of participants actually make money in the stockmarket. (Stansberry was the source)
I believe you have adjusted better than I at the current "business as usual" status quo. I have owned my own businesses most of my life (56 year old) and my small business success was based on honest relationships. Old school perhaps. I feel sorry for the younger generation and the litigious society that we have become.
Regards,
SC
I do "not" believe the American spirit of freedom was based on deceit as you suggest. (screw thy neighbor) Another example of the moral/ethics decline of America. You think this behaviors is acceptable and justified and dismiss the notion that it is not acceptable.
I have not yet meet anyone who think it is "fun" to lose money at the hands of extortionists, maybe you have. This is why we have laws. Do you treat your friends the same way?
I have a much different idea of how the American Spirit was adopted/developed.
The stock market including the OTC was not intented to be a casino, as you suggest (go to Vegas) but rather a place to develop a product or an idea into the market place to help advance our society.
Nice try on your verbage, it sounds great, like a cheerleader but does not contain merit.
Here is an idea for you on regards to an increase in PPS! How about on Merit aka performance and not continued BS. Credability!!! Not a bunch of emotion brought on by pumpers! Some old fashion honesty and not so you turn a stock and simply hurt the next unsuspecting shareholder!
I have repeatedly told folks om this board how the CEO's have destroyed ungs. They obviously made bad decisions. This was .60 cents in 2009. I owned this when the O/S was 600,000 not 9 billion. Its like they don't understand how much 9 billion is.
The board gets excited (pumpers) when they see a purchase that "may have the potential" to produce 500K. (500K in revenue VS 9 billion shares?...what???...wow) These folks get excited because they may produce an additional 20 barrels of oil per day. Thats nothing. They need a well (s) that produce 500 barrels a day not 2. Zero shareholder value.
If you have been following for awhile they stated about reworking oil wells. If so where is the revenue based on their figures. I do not believe they are showing all of their revenues or they have failed. These guys need a good butt chewen or dismissed.
Then on top of that the CEO's compensate themselves 250K for what? To drive the pps to .0001 with 9 billion shares? I am so disappointed with the lack of ethics of the Andersons. What were they thinking? Never ran a business before? These guys should be making maybe 50K per year not 250,000K Money for nothing and lots of tricks.
A massive R/S or buy back program is the only way to move forward.
9 billion shares...Geeeezzzzzzzz!!!!!!!!!!!!!!! Are you kidding me!
If this ever goes to .0002 their will be such a massive sell for the flippers that most will not be able to sell. (not to mention who is going to buy.
All the Andersons have done is use our money. What a disgrace to the human race! Hey that rhymes!
Yes they do have this stat! Its is called the pumperquoteoftheday
The formula is B.S > reality. What it reveals is pumper B.S in relationship to the amount of posts from unexpected prey.
In other words it measures the amount of posts that lack facts but are bought into by people who cannot rationalize for themselves.
Good idea! The CEO's have moved the pps from .60 in 2009 to .0001 now. So hey load up!
They also decided to pay themselves 250,000 per year. So hey load up it cannot go any lower. Do you think we should consider compensation vs. performance?
Are we at the 9 billion mark yet do you think?
That is the part about some investors I will never understand. Being optimistic has nothing to do with investing. It is all about numbers.
The only other way is to prey on other investors who are most likely optimistic or they get caught up in the hype of the pumpers to move the PPS. In other words emotion.
This board has a lot of pumpers as evident in the past couple of weeks. They sure have been wrong and are not honest. Just trying to make a fast buck at others expense and move on.
Where are those pumpers today? They have failed because of to many shares still available. 9 billion is a lot of shares, especially when very little revenue is being realized. They do not seam to understand that you need to have shareholder value.
Remember the current PPS is as low as it can possibly go. How did it get their? Poor executive decisions by our 250,000 per year CEO's. Over compensated for the results obtained. Giving themselves billions of shares and then turning around and selling their old shares is not ethical in my point of view especially considering they have driven this to .0001.
Mr. Wong or is it Mr. Wrong where are you today?
As of 12:15 eastern time, .0001 somehow have jumped to 19 million available now. Pumpers where are you today?
Their will be billions.
More .0001 will show up.
Don't get discouraged, tomorrow is another day. You all tried very hard today to pump this up! Remember as I have said, 9 billion has to be sold before this has any chance of going anywhere, and if it ever does. They keep moving the goal posts. (Available shares on the ask)
Can you imagine how many shares will be on the ask if this does go to .0002? Wait in line baby! I wonder if their will be any buyers at .0002?
Hey by the way, a "projected" (key word)revenue of 500,000 is nothing when their is 9 billion shares! Does anyone understand shareholder value as it relates to the O/S? Hmmmmmmmmmmmmmmmmm????????????????
R/S is a coming!!! LOL
no they have a lot more .0001 for you. I figure about another 500 million or so left. We got to get all 9 billion sold.
Told ya! They keep moving the goal posts! Nothing happening until all 9 billion are sold and then will be very difficult to move 9 billion shares!
Obviously they are trying to get all 9 billion O/S shares sold. After that you will be competing with all the others to sell. It will be difficult to sell and will their be enough buyers? 9 billion shares ladies and gents, 9 billion! A huge R/S has to happen!
you are. More .0001 will appear.
I do not know how long it takes to build an oil company, however I am not as impressed with the CEO's like everyone else. Results before compensation! They are not worth 250k a year based on results. They have lost their ass. .60 to .0001 in 4 years or so.
I owned this when the O/S was about 600K. I was ok with that. But 9 billion!! To much bamboozeling for my taste.
My bet is more .0001 will appear. Will only jump to .0002 for a moment if it does at all, and then back to .0001
She did "not" just add 600K. These are projections. Not yet reality.
Rose colored glasses
I doubt it! They still have a few 100 million more.
even with 9 billion shares? A month or so ago it hit .0002 multiple times with much less oustanding shares. How come it did not break then. News of 5 more oil wells producing a barrel or two of oil per day is not going to do it unless we can bamboozal everyone and go strictly on emotion. Good strategy ddnotesmaker. Emphasis on "maker"
Here is a thought for you. How about making the Andersons accountable. Hmmm....Perhaps they should have not given themselves billions of shares to replace the shares they recently sold to provide them with a 250,000 dollar salary just so they could drive the pps from .60 cents to bottom basement of .0001 in 5 years. Results then compensation!
I purchase this when the O/S was about 600,000 not nine billion! This has been diluted so bad that obviously a HUGE reverse split will come. Many investers have watched their investment get minimized to near zero.