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lol- I don't know how those idiots are still holding on. Is there even a physical office anymore? The place in Scott is gone....WTF do these guys do when they tell their wives "Ok honey, I'm off to work"...?
you forgot to insert a zero immediately to the right of the decimal....
Congratulations! You have found the function of the "ctrl+c / shift+insert" keyboard combination! A direct copy/paste from ESPI's website. Genius.
please continue buying espi. TPs fat son needs a new $ 50k 4x4 company truck. his current truck is already almost a year old and im sure he is tired of it. he deserves a new one, and you, the investor is obligated to supply him with one. cramer says: buy! buy!!! buy!
I wholeheartedly agree. I think a big part of the problem is how these people (ESPI employees) behave like the company is obligated to them, and not them to their shareholders.
I think what you have here is one or two ESPI insiders/employees that like to pump and hype the stock on this message board from time to time. Could be toilet paper or dingle dick, or a number of others. Just a thought.
Oh, well this one doesn't qualify as a "quality pinkie". This is the kind that gives pink a bad name.
Probably no more than you do. But I see them enough to know how they live and how they burn money, and it is pretty disgusting when you think of how many investors have lost a stash betting on this company. I don't know how or why, but they love to hold their noses in the air and walk around like ESPI is a promising company with a good future (like it was a few years ago). Typical Carencro people.
Toilet Paper and his fat son went in on it. It is personal/recreational property, either that or a planned site for a future mansion. A little north of Scott, LA.
Agreed. If the investors saw how these people lived, they would be pretty upset.
Need a new $50k truck with all the bells & whistles every year? No problem. 14 Acres in the country? No problem. A big vacation a few times a year? Go ahead! Oh, the company is going down the tubes? Too bad...I'm still going to get a new truck this year, even though my old one is a 2013 model.
It's a real company; I don't think he meant that literally. Half of the people that work there are idiots; the other half are con artists. If the company was going to pick itself up, it would have done that by now. It's finished. Hang it up, Dingle-Dick and Toilet Paper.
I agree with Ignorebad. This one is so far in the sewer that it is almost out to the Ocean.
The stock is worth 1 cent. I don't think anyone cares if company insiders are on a message board rooting it on, saying that the charts are encouraging, and trying to rustle up investor interest so they can steal more money.
Cheerlead all you want, but this POS company is not making a comeback. DD and TP have flushed it down the tubes, along with all investor confidence. Anyone want to buy in at this bargain price? No? I didn't think so.
Form 8-K for ESP RESOURCES, INC.
--------------------------------------------------------------------------------
17-Jun-2014
Triggering Events That Accelerate or Increase a Direct Financial Obligation o
ITEM 2.04. TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.
On June 11, 2014, ESP Resources, Inc. (the "Company" or "ESP") received an Event of Default Redemption Notice (the "Notice") from Hillair Capital Investments L.P. ("Hillair") regarding a 16% Senior Secured Convertible Debenture issued by the Company on November 14, 2012 (the "Debenture"). The Debenture at issue is for a principal amount of $750,000 convertible at $0.085 per share. The interest rate is 16% per annum payable quarterly beginning on March 1, 2013. The Debenture matured on March 1, 2014.
The Notice received by the Company was the triggering event which accelerated the amount of principal and interest owed to Hillair on the Debenture. Pursuant to the terms of the Debenture, the event of default provision requires that the Company immediately pay Hillair the principal, mandatory default amount as defined in the Debenture, accrued but unpaid interest, liquidated damages and other amounts due and payable in cash. The Company must pay $975,000 (principal and mandatory default amount) plus all accrued but unpaid interest to Hillair.
As of the date of this Current Report on Form 8-K, the Company is negotiating with Hillair to reach an amicable resolution of this matter.
ITEM 8.01 OTHER EVENTS.
The Company recently acquired one new significant client and increased the services provided to another new prominent client. For the previous six months, the Company has averaged $28,000 per month in sales to a prominent client's field location in Louisiana, the smallest of the client's field locations. Last week, the Company's service for the client increased with chemical supply accounts for the client's two largest field locations: one in Texas and one in southeast Louisiana. The Texas field will be undergoing a Re-frac program beginning this month and lasting for one year. The client estimates the need for approximately $15,000 of the Company's Frac biocides per month during the Re-frac program and that the increased oil production from the Re-frac program will result in an increased need for production chemicals generating purchases from ESP of approximately $11,000 per month.
The Company's other new client is one of the top ten largest oil and gas companies operating in the Eagleford formation in southwest Texas with over 1,000 wells drilled to date with current production exceeding 50 MBOE per day. ESP was awarded a three well test in April. After saving the client $2,000 per well on monthly charges during the test, the Company was awarded the chemical program for an additional 50 wells along with associated central gathering facilities. The chemical supply for this client will begin in July. The client estimates approximately $50,000 per month in chemical purchases from ESP for this account.
Oh yeah, real nice. Back down to 1 cent. Yaaayy, round of applause for (DD) dingle-dick and (TP) toilet-paper.
It doesn't appear that anyone in the investing world is impressed with the BS financial statement that Primeaux and Dugas cooked up this time. What a bunch of slimy suckerfish.
OMG, Johnny....hang it up already. You may want to get out while it's still at $.02....you can still buy a roll of toilet paper with your shares to wipe your a$$ with. Uh oh....down 20% today....that's not "looking up", is it now padnuh?
Cox decided that he didn't want to have anything more to do with this POS company, and bowed out. Stone doesn't use them because Cox knows how much they suck.
For the ESP cheerleaders: Can you tell me why Stone Energy Corp does not use ESP as a contractor? Mike Cox (one of the lead Geologists @ Stone Energy) was heavily involved with ESP (on the board of directors I think) in the past, but appears to have abandoned the company, and Stone doesn't have any contracts with them. Why?
LOL....okay. They bought another few months to drag out the process of stealing shareholders' money.
There is no mystery to solve, nothing brewing, and no comeback in the works. This company was in the toilet a long time ago. The people that "run" it are still living on what's left...I see them doing it every day. It's just a matter of time before they can't go any longer and the company completely falls apart.
They are going down the tubes. Several vehicles have been repo'd. TP's fat kid is no longer employed. Getting pretty hairy over there. Looks like it will be a nice tax deduction for lots of folks.
337-896-6179
337-886-6601
Should be able to answer all your questions.
That's what I would say. The bigwig employees are living off the fumes...and they will till there's nothing left.
Some of the fleet vehicles.
Don't hold your breath. Some of their assets are now in the process of getting reposessed.
Nope, DD doesn't have any more magic. The money is just going to him and TP, and TP's fat, snotty son.
Just an entertaining observation....I know TP's son, who is employed as a manager at ESP. So as an ESP employee, he seems to be doing pretty well. He gets a new $50,000+ truck every couple of years, wife is a stay at home mom, owns 14+ acres of property, etc etc. Kind of pisses me off that those people are still getting paid handsomely, considering what the company did to its investors.