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From the June quarterly report under note 2. $842,037 net loss for the fiscal quarter and accumulated deficit of $3,565,693. With anticipated annual working capital deficit of $500k. That $500k goes to wright for monies owed to the company.
NOTE 2 – Going Concern
The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will be able to meet its obligations and continue its operations for at least the next twelve months. Such assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss of $842,037 for the fiscal quarter ended June 30, 2017 and had an accumulated deficit of $3,565,693 as of June 30, 2017. The Company anticipates a current annual working capital deficit of approximately $500,000.
That’s not true pepeoil. Wright is making money like a champ.
Correction!! The company has drilled 1 well (tolero 69-1) that isn’t even producing yet.
Yet people still cling to the hope that this stock is a safe play. Good luck with all that, is all I’m saying.
Lol. Now that’s a true statement.
Highly profitable? That is not how I’d currently describe this company. I’ve been following this since the gold mine days. You might ask what gold mine? In a year you’ll be asking the same question about the oil wells.
Don’t believe the hype. This stock is set up to make wright rich not you.
Right! Not enough interest here to sell millions.
How about the share price?
Talk of up-listing again? Lol! Not gonna happen.
Thanks a lot asshole hodges!
Good to see some news. The largest digester in Europe. If that doesn’t bring some fresh eyes here, what will?
I’d like that. I fear the share price is going to plummet now that they are waiting to up list
I agree. Sometime next year is my guess.
It’s still being listed on otcqb. Hence most won’t touch it with a 10’ pole. That’s ok tho more shares for us. I’m going to sell my cde next time it hits $9.20 and add to my shares here.
This stock is frustrating. Not how I thought today would go.
Save the hoes!
Don’t feel bad. I do the same thing all the time.
Good! Weed is damn expensive.
So sweet the share price is below .01
The only well that’s paying off is Wright’s sucker well. Pumping out losses for the company all the while paying himself for monies due to keep the sucker well pumping money out of shareholders.
We need that Nasdaq up listing to kick in. This will go from undervalued to over in a minute. With the differed revs are we now eligible?
That’s great news! That’s news period.
That’s about how much they get from that well
They couldn’t find a link either.
Correction $7 now remaining.
It's very sad here Renee. I have $14 left out of $228. Very sad.
I can't believe nobody bought shares today. I bought another 100 yesterday. I'd buy more if I could. My average is now at $2.62
Sounds like they have to be up and running no later than 1/1/2019. Now let's pray the quite time will be over soon.
Another 8k! I can't keep up with the reading. I guess that's a good problem to have.
Squeaky wheel gets the grease. I sent an email wondering the same thing.
Bonsai this stock will never make it out of otc land. Wright wouldn't be able to enrich himself if he had file audited reports. Four years of following this stock is what I base that opinion on. Sorry to those that still believe the bullshit.
Lololololo!
That would be a huge scam no doubt.
Looks like a lame attempt at a shake down.
I don't think your missing anything. At least I don't feel like I'm missing anything. The filings tell the tale. I see it, you see it, ibex is seeing more than we are and they see it. The problem is how otc stocks are viewed. Nobody trusts them. As far as news goes it takes a lot of time to close deals, then add the move to Nasdaq. All bets are off. I have to agree tho the lack of updates are always at the back of my mind. But still playing it cool.
Ibex has a lot of money in play here. About 18,000 times more than myself. But they also have better access to company info. So I try to stay calm and not give in to the urge to freak out. Follow the smart money I guess.
Lol. Right after I start laying golden eggs.
From what I read Lazarus is ibex. They just changed their name.
What was that number again? $12?
Do I smell a small run after that 20 block?