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Big volume today.
Something in the works?
Understood. my expectations are pretty low right now. thanks
Yes Todd on the hook for poor management.
Disagree: Not sure about that. If Todd sold all of his shares then he probably got his money back but I haven't seen evidence of that.
I think Maye came out the best. In my speculation I think he porked LHPT every way he could. I bet he had a note that he demanded and they had to give him Lucy Lee and meanwhile he walked off the Texas properties. That would explain no production and no reporting.
Bunch of dirty crooks in this business.
So Maye and Berry own LHPT assets at Lucy Lee? Think back to everything that has happend over the course of the year since January.
Maye was LHPT president
Removed as President and No longer a relationship with Maye other than as Operator. (falling out)
Minimal production and reporting from HCE
HCE website dead since April
Everything goes dark and PPS plumets
Suddenly Maye gets Lucy Lee.
Whose the rat? Who seams to be in the best position so far this year?
Danos does not have control over when toxic debt holders decide to convert their notes and when debt holders who are given millions of shares release them into the market once unresticted.
I agree with you and I do think toxic debt is the main problem here.
I think Todd has done a pretty poor job here of controlling the financing of this company and managing the business relationships.
Todd inherited a mess and has not improved the situation in 2 years.
Danos is meeting with finance experts to come up with the best way to resolve their debt situation. But I doubt it will benefit shareholders for quite a while.
Im Not convinced this is a scam. I have not seen a lot of pump with this stock and the PRs and Conferrence calls have actually been pretty unimpressive. Even when they came out with news on Perry 2 - did they make up false projections - no they didn't. The fact that no production has been reported tells me they have a problem with the operator HCE which I suggested months ago.
I'd be happy with sea-level right now.
Some stuff preceeded him and that was out of his control which is probably where his frustration comes from.
The only thing he can do is play the hand he is dealt. The toxic debt that he mentions in the business plan is probably a main priority.
back to work
Understood. I won't go any deeper.
Its a write-off at this point to offset any gains. At least I won't be paying taxes next year! LOL
Not happy with the whole situation. If you look at the new business plan, he mentions changing direction and dealing with old debt,...etc right? Well, stuff must have happened to lead to that right?
I tried to read between the lines.
According to Traderbytrade they can't R/S this year. But they will obviously continue to dillute.
So I will hold and see what happens, I think news will be out in the next couple of months (my speculation).
Obviously it could go to .0001, but for me that is not that much different.
Sent Danos a nasty email. He replied back quick saying to call him and surprisingly he took the call.
Not much info. to share with the board but at least he had the balls to take my call. I'll give him that.
Other than that he's not happy with the situation, didn't try to sugar coat anything. Not a lot can be said at the moment that is public.
So I will wait and hold.
If I was in under .001 I would have sold this morning too and cut my losses. I'm willing to loose eveything at this point being a long holder. Too much upside if it ticks up for me.
GLTA
I agree with the over reaction.
I guess everyone is gambling on the A/S maxing out. But why would so many think they would actually just let it max out and not raise it?
Technically nothing is different as of right now. They will continue to dillute and the PPS will hover here and tick up and down.
The questions is what will happen after: will they proceed as normal and eventually release production and updates on their plan and rsie the PPS or will they R/S?
There were some monster buys over the last 2 months, likely by MMs. Do you think they are really going to get screwed by a .0001 then a R/S?
Any positive senarios?
Why not eligible?
Whay woudl they launch the website and release the "business plan" prior to increasing the A/S and possbile R/S?
Its not like they needed help with dillution, it was going strong on its own.
Would have made more sense to do it after.
What's the Del. corp. site?
Did u call to verify?
Recently, within the last 2 months. June maybe. Read teh PR on Vince's appointment to CEO and Todd is not even in the annual report, I think.
PDGO, but not LHPT. As far as I know.
Yup. 20MM+ on the ask at .0005.
Not Todd V., Vince V.
Todd is no longer the CEO, thank God. I wish he would leave LHPT too.
Wow. Thats a lot of activity and revenue. All we needed was Todd to get the hell out of the way.
They have been late to file many times in the past. Then they go current again. So this is not anything new for LHPT, sad, but not new. But...
If we end up "wiped out", I'm pretty sure some shareholders wont find it a problem to take a trip to Texas, or Louisianna, or Canada, and hunt these boys down. Not that I advocate violence or anything.
Irrelevant. PPS rises with investor confidence. Lack of transparancy and late filings does NOT lead to confidence. Therefor, there is no reason to believe this price will rise in the short term. There is simply nothing good about not filing. Can't be spun.
I have to agree. He used being new in the spring and said it wouldn't happen again.
No one is looking at this stock. Unbelievable. Or they don't believe Vince will perform. I still think this is a great play right now. If I had funds free I would be accumulating.
News Out! Nice. "over six figures per month in revenue"
Texas RRC June #s are starting to show, but no report for any Perry wells yet.
Post #41023 speaks to the chill being lifted
Can't find an exact link, but post #41023 speaks to the chill being lifted from a pretty objective yet sometimes negative poster.
Do your own DD.
Enough with the ancient news that notice is from 2 years ago. yes there was a chill due to the reporting of internal shares deposits that needed to be reviewed. When Todd came on board he had did everything he needed to do to get OTC current, satisified all of the obligations and the Chill was lifted last December.
Whats your point?
The fact that this stock ran in 2012 with the chill in affect is not helping your case.
Move on.
8s Falling. Could run a little today.
Vince will give a lot for this play to work with. Could be a good couple of months.
Will everything come to fuition? Who knows. But there is still money to be made here, meanwhile.
Then how will they raise capital to implement their "new" business plan?
I want to believe, but give me something real. They have been in full blown dillution mode for 9 months and unless something changed in the last quarter they don't have any real revenue to show for it.
Got an email back from Vince. Unfortuntely I don't expect to see a filing today but his response to my inquiry was that they are "closing deals this week and they will make it".
I'm not sure what he means by "make it". Seams like he is on 'A' timeline, but not the OTC timeline.
I'm looking forward to the news anyway.
Per the last quarterly report from 6/26 Todd is no longer the President, Chairman, or CEO; Vince is.
Even if Todd is still listed on the subsidiary (becuse that's his $25,000) he's not authorizing dillution which was the implication of the post.
No evidence of selling shares and what do you mean "Yup"? Todd is no longer affiliated with this company.