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According to hotstocked.com FIMA has a 30.20% probability of going up tomorrow and a probability of 69.80% to go down.
Regarding the cost of drilling one oil well. Answer: Including the cost of transporting, set up, paying crews ,fuel , and getting the ball rolling. about 300000 to 500000 dollars a day. area geological surveying will show what depth well went to hit the water table and then proceeded to depths where oil was struck. but even in known fields it's still a gamble.drilling in a know field like the permian basin drilling usually goes on four three to four weeks depending on rig condition and MECHANICAL breakdowns.so your looking at about 10 - 20 million a well.
I see a lot of announcements of agreeing to purchase. I don't see one announcement of purchase completed.
Friday, January 4, 2013
FIMA Announces Negotiations to Acquire a Privately Owned Oil and Gas Exploration Company for $9 Million USDMarketwire( (Fri, Jan 4)
Thursday, December 20, 2012
Fima Announces Entering Into a Purchase Agreement for the Purchase of a Drilling Rig for $275,000Marketwire( (Thu, Dec 20)
Wednesday, December 19, 2012
Fima Announces Entering Into Definitive Purchase Agreement for the Purchase of American Eagle Operating LLC for $3.5 MillionMarketwire( (Wed, Dec 19)
Wednesday, October 10, 2012
Fima Inc. Announces Reaching an Agreement to Acquire Producing Oil Leases for 5 Million USDMarketwire( (Wed, Oct 10)
Tuesday, September 18, 2012
Fima Inc. Announces Entering Into Negotiations to Acquire Producing Oil Leases, Rig, and Appointment of New Director and CEOMarketwire( (Tue, Sep 18)
Monday, July 16, 2012
Fima Inc. Announces $25 Million USD Bellevue Oilfield Purchase With Producing Wells and Drilling PotentialMarketwire( (Mon, Jul 16) THIS WAS ANOTHER ANNOUNCEMENT TO PURCHASE. NO DRILLING RESULTS ANNOUNCED.
Whatever happened with the drilling?
CALGARY, AB--(Marketwire -07/16/12)- Fima Inc. (FIMA) has entered into an agreement to purchase the Bellevue Oilfield Lease ("Bellevue Lease") from Canco Energy Corporation for a purchase price of Twenty Five Million Dollars to be satisfied by the issuance of Fima restricted common shares. Canco Energy Corporation ("Canco") is controlled by Mr. Sahota, the Director and President of Fima, and as such will become, through Canco, the majority shareholder of the company. Mr. Sahota was instrumental in this transaction, and will be leading the company forward.
Mr. Sahota, President of Fima, stated, "I am pleased that we have been able to conclude this asset purchase that will provide Fima with a solid base to which we can add more production quickly. We have over 100 drilling locations on this lease. The drilling will start within next 45 to 60 days."
Normal price reaction to enthusiasm. I expect the stock price to wallow around and then shoot up.
What will the effect of the merger on the number of shares held by a shareholder?
Merger news. NEW YORK, NEW YORK--(Marketwire - Feb 7, 2013) - SIPP Industries Inc. (SIPC) - SIPC www.sippindustries.com is pleased to furnish its followers and shareholders with this positive general corporate update.
•SIPC and the incoming merger company Spectre Worldwide is expected to execute the definitive agreement (merger agreement) within the next 7 to 10 business days. The merger is expected to be fully completed without any further advance notice.
•This is a significant event for the company. The anticipated event has caught the attention of many industry and company followers alike. The company is currently finalizing all the logistics. The definitive agreement will follow with a CEO Interview. The details of that interview including the audio content will be released as a separate release and announcement, together with links.
•SIPC current line of business is in the hot beverage industry, namely the procurement B2B space. The Palm Beach Coffee company has no plans of changing directions with this new merger. SIPC plans are to operate both the hot beverage B2B business, expand it further and enter into the private luxury liquor business with Spectre.
•SIPC plans to launch a new web site outlining the business activities of both operating subsidiaries in concert with the merger definitive agreement announcement.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.otcmarkets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on ''excerpts'' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
It takes at least 10 million tons to make a mine.
Here is the Penny Tracker email address. info@pennytrackers.com
If this is a pump and dump, here is the url for the SEC complaint form.
http://www.sec.gov/about/forms/formtcr.pdf
PTAH has all the signs of a classic pump and dump. The test today will be if it recovers.
Golden Cross defined. I suppose you could define your own Golden Cross by choosing the MAs you like.
http://www.investopedia.com/terms/g/goldencross.asp#axzz2KaNLQT4t
Doji form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like, either, a cross, inverted cross, or plus sign. Doji convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level.
The hoohah about the stock buyback is over. Now the market says "Show me the money".
January 27, 2013: With the number of suckers buying into the latest installment of the Viking Minerals (VKML) Pump & Dump, we wonder if "shares in VKML" will eventually replace the proverbial "wooden nickels" as the important item one shouldn't take.
After all, 6 Pump & Dump campaigns and a 1 for 1000 reverse split in the midst of them, shouldn't mean that the 7th campaign in 18 months is any less credible, should it? Our answer is, "Less credible: no. Just as non-credible: yes".
Here's a scam that started with 108,000,000 shares at the start of it's first P & D. After insiders sold most of those shares to the public with the aid of 4 separate campaigns, they gave the bag holders the ultimate "screw you" by conducting a 1 for 1000 reverse split, thus reducing the number of shares to 108,000.
Wash, rinse, repeat. Turn on the printing presses and VKML once again has 151,058,181 shares out, almost all of which have been created in the last 6 months. And of course, with new shares to dump onto the street, there was a market for 3 more Pump & Dump campaigns, including the one currently ongoing. How can anybody doubt that another reverse split is imminent?
Through it all, we've heard about deal after deal, none of which have provided a single dollar in asset value to the bottom line. To whit:
Viking Minerals Acquires 16 Claims Adjacent to the Victoria Copper Mine in the Dolly Varden District in Northeast, Nevada-the World's Third Most Prolific Mining Region: We heard about this acquisition back in June of 2011. For a while we continued to hear about how wonderful this property was with press releases and updates on the company's now abandoned website and yet no asset value appears on the current financials. In fact, VKML suddenly stopped talking about this marvelous acquisition, without explanation, and as if it never existed. Not-so-coincidentally, news of the property stopped right about the time the Pump & Dump campaigns stopped using it as fodder to stick investors with worthless stock.
Once the hype on the Dolly Varden property was played out, VKML went into mothballs during which time the let-the-shareholders-shove-their-shares-up-their-youknowwhat reverse split took place. Newly created shares began appearing immediately after the rollback.
Viking Minerals Enters Joint Venture Agreement to Put Over 1000 Hectare Peru Mining Property into Production: "...the Company has entered into an agreement for a 60% interest ownership stake in a known gold-producing property in the district of Miraflores, province and department of Lima, Peru." Really? Where is the $500K funding that Viking has agreed to provide going to come from? All the financials list zero assets! Not surprisingly, this is the one and only time VKML has talked about this deal.
Viking Minerals Inc: The Company evaluates funding proposal to acquire Gold mine and negotiates Oil & Gas leases in Utah: No word on where VKML was getting the money for this one either. Not surprsingly, this was the one and only announcement on this pretend deal.
Viking Minerals Inc: The Company plans to execute agreement for the first acquisition of Gold Mine by Jan 8th, 2013: This announcement is a beaut. Aside from the fact that it is so vague that we are not sure what VKML is announcing here, we're not even sure it was written in English. Even more disconcerting is that it is calling this the first acquisition. Well what about the June 2011 announced acquisition of the cooper-gold mines in the Dolly Varden district? Is VKML now admitting that it was BS? Of course it was!
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California: Yeah, sure. VKML, which never had a dime to its name, is going to acquire a $200 million property. And that's on top of the Peru gold property and and the Utah oil and gas property. Uh, huh. According to the 8-K filed with the SEC, the company is to come up with $15 million to purchase the "five past-producing" properties, including the $6,100,000 installment, due by March 31, 2013.
Anybody want to bet that the latest so-called acquisition is going to go down the same road as the other acquisitions? Heck, in the latest announcement, VKML says it is only now "in the process of engaging Capital Investment firms to fund the acquisition and additional Capital expenditures" to fund the Discovery Day Gold Mine. There is no way that the acquisition will be funded in two months. Not a chance! Of course VKML did buy itself an out with the statement that, "... it is subject to due diligence and visitation to the Mine site." (they haven't even seen the mine yet?). That gives the insiders two whole months to juice up and dump their stock.
Yeah, if it's all the same to you, we'll take the wooden nickels instead.
Tags:
The price of the stock has gone up because of the buy back. The news announced are just promises. The time to buy back stock is after results are obtained.
I tried downloading the current Java. It messed up my computer. I had to remove it.
Easy to say. Hard to explain.
Why would Yamaha cave in to EDIG? Yamaha has deep pockets. It can simply outlast EDIG in court.
NTEK took a big jump because of the 10% buyback. Has the 25% buyback happened? NTEK announces a number of partnerships. Why now? This stock has been around for three years,
Why would the defendents settle if EDIG doesn't have enough evidence to come to trial?
I am hoping NTEK will recover somewhat before the end of trading and take off again tomorrow.
Any predictions on the price movement Monday?
Action in the price graph is picking up.
There is a company, privately held, that has developed a similar instrument that detects breast cancer cells. It is hoped to extend this to prostate cancer. It took 10 years to get FDA approval.
Could you expand on your post. Thanks. What offering? Why 30 days?
I would like to see the company post the users manual as a PDF on their website.
Corey W Hunter, MD biography
https://www.doximity.com/pub/corey-hunter-md
This from a part of an article of Reverse Mergers from Wikipedia.
On June 9, 2011, the United States Securities and Exchange Commission issued an investor bulletin cautioning investors about investing in reverse mergers, stating that they may be prone to fraud and other abuses
What does RM mean?
Will the bid rise to the ask or vice-versa?
Why is the company's domain name for sale?
Scam or not, the stock price is going up. Question is, when to bail?
So. Bottom line. Is this stock a scam?
Tomorrow will be a huge day up!
Do I understand this right? The SEC has suspended trading in the stock. If news were in the offing, the SEC would halt trading.
I expect to see a move up towards the end of the day. Not a big move up.
Back down.