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Yes, this company has already been there and failed time after time.. the PPS is exactly where it should be, it may be a little high in my opinion..
Its very hard to continue with this short term as the funky trades and manipulation/dilution of the stock is continuing. I just hope it ends soon.
Ive been selling off some since the last post about Goldisking, I am not done. But I will be completely out by the end of the week.
I will not invest in a company that so blatantly disregards a need for character.
I am out. Im very impressed with the extent of the Company's direction and character... Good luck. If they strike oil great. I am out over 10k on this.. But no money is as good as going with a company that chooses these posts to be published on their website.
MMs have been bid sitting at .0005. This stock aint going anywhere until they have all they want.
This is great that they are reporting about boat shows. It shows they are not some pink sheet shell that is trying to get investors on a product that does not exist. Boat shows mean more revenue. More revenue will be great when financials come out. With or without the BP Settlement, this company is working its way back up to its former business transactions of more than its current $2 million a year
Oh, I am not worrying about it. I'm not buying any more until oil is sold (IF this company gets that far)
So, instead of owing 140k, Gold's relative is owed 120k. That is still 5.5 years old and he has not paid it back. It looks bad to have an outstanding principal for that long and not make any payments. But the company coming out and putting down a shareholder and trying to invalidate his attacks with more personal attacks blaming it on grievances is very unprofessional. I dont think we are concerned with who it is owed to, rather that it is owed. So Jerry does not take ownership of that company he is/was a part of.
Liabilities worked out in Xun's favor where when the West Crockett lease was lost, they didn't have to pay. Luckily it was handled by a third party and the agreement came up to where the "seller" was employing the geologist and passing the costs on. If the Leases were not sold to someone else, Xun would have been liable to pay (I think the point is XUN would do everything they could not to pay for liabilities for projectst hat fell through).
Lets please tie up loose ends and finish something. We still do not have any REAL confirmation of this 700k financing.
This is unfortunate. Just bought 600k shares at the ask, absolutely no change of that 10k. Didnt even flinch to reset the ask
With the extent of the company's production, we need revenue however we can get it. i just wish I loaded more at the .001's.
There is a promo going on. I have received two newsletters in the mail about this stock along with two others. My entire apt complex received them.(promoters could be selling off their shares if thats how they were paid)
I have been with EMOT for about 5 years (back in the .3 range for the stock. Its nice that something has come up after so much silence.
And this would not be the first time. We have reworked a well, received about 2k from the oil and then lost the lease. I believe the well was XUN-001.
I believe We have also had financing fall through on us after a commitment.
I did not see any material agreement for a $700k commitment of financing in this the last 10-Q. If there was one, I am sure Jerry would have liked to put that in there to raise the price of this stock.
Thats because they were downgraded for reporting after their systems went looking for reports, the moment they reported, they were upgraded.
Not good news, just them being in the same boat.
That DD is over a year old.
Though the Statement about peter is quite legitimate
Do we know who the investors/finance company is?
Was that asked?
another day closer to hearing news! Good strong bid support rising over .01 and a very thin ask!
It looks like we have great support at .01. Its nice to see investors holding on at this level as we await more news.
Float is 38 million. We are waiting on drilling permits to clear through PA.. its takes some time with their laws that came into place mid 2012. 45-60 days from then end of November, then drilling and then oil by the end of Feb is the plan.
So we need at least 6500 barrels sold this year to pay for management salaries... And then more to pay for any loans we will have payments on...
MMs are still hiding tons of shares at the ask.. This thing isn't going up very much with all these new shares being dumped into the market...
http://www.channelnewsasia.com/stories/afp_world_business/view/1244056/1/.html
There are plenty of articles... And it's 7.8 billion. I'm hoping bwmg is a part of this
U.S. judge approves $7.6 billion in BP settlement yesterday for over 100k claims
Youre right. Which brings me back to my point, If XNRG doesnt work, this will not work either. On the other hand, If XNRG works out, their may be possibilities for P. M. to follow suit since the two are pretty closely related with cash and location.
P. M. was part of a reworking project with XNRG that ended with $2k in revenues and a busted project. Hopefully the same doesnt happen here with Drake..
That was refering to Drake. Im trying to keep the discussion focused here.
He was part of a similar scheme that happened with XNRG in 2010 or close to it when the company lost a deal restructured and issued more shares.. both projects seem to be in the exact same area in a state that has seen a sharp decline in granting permits of anysort (reworking or new). Its just a hunch, but once a person is successfull with a business they can do it again. IF he can be successful with XNRG, this might have some hope to restart and become successful. After all they are producing oil.
As for the website, the pictures are of business partners they have worked with and failed deals from teh past that "defines" the company.
He is also on the board of XNRG. It might be wise to see what happens with XNRG and their oil expiditions before making any comments on whether he is willing to earn an honest $.
It would do something to tell us who the guy was and/or what it was being talked about or if you were even involved.. Evidently you created an account just to post this...
I do not think there is going to be a big grand orchestrated even in which you speak. They are going to come out with the test phases from the MIE whenever news is there to give out.
There is not going to be any news of the boat shows and what went on during them.. I mean, what are they going to say? hey we sold $3500 worth of life jackets? The news will wait until the financials come out.
JMB
I think its all the ambiguity surrounding the funding operation and people taking some losses for EOY. XNRG is not going to have more real news until January when/if the permits come through and when/if the financing pending the permits come through.
This is horrible.. 14+mil in sells today. I would like to see the OS on the next release.
You are exactly right, like where is the Financial commitment and who/what is it coming from.
As for the website, what were you expecting, they don't have anything to put up. I am just glad they put a Mission Statement up. The pictures from the Kentucky project that they lost is a bit funny, as well as the Crocket leases.. but it shows them as a company in my opinion.
A link to news is all I was expecting.
If there is no income, of course there are more expenses. XNRG has something going. A financial commitment leases and a company to do the drilling.
Thanks for the "Risk Factors" listed in the 10k. Dont forget to mention the Commitment for $700k of financing put toward 4 new wells to be drilled in the 8k.
That was also before Jerry joined them as CEO. They are a bit of a different company now.
I don't think we will hear anything about any permits until after the new year. With city workers taking most of Christmas and New Year's off, the 15-45 day wait for permits will be extended a bit. Unless the applications were in by the end of November, the website looks to be the last set of good news this year (pending financing disclosures....).
Can we get the news of the 8k pinned up on the board?
Thanks!
JM
Jerry has not had a great record as of late with this company to deserve that courtesy. I don't like seeing sells on good news..
We have little trading this morning. 38k shares. Hopefully if the permits come through XNRG will jump a bit.
The website has said coming soon for many years.