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Nevermind I see the late filing notice now...
Guess we are still waiting...
Anyone know if today was the deadline? Still haven't seen anything.
I would say anything that shows they are still working to get to break even is a positive sign. I like this news...
What did we give up here? rights to a label? We did not give the machines or the patent...
So what does this mean? Are we going to be producing product for this unnamed third party company and allowing them to bottle it?
Lots of questions here, but good to see a release that shows management is working hard.
At this point bankruptcy has already been assumed based on price so anything that shows that contrary should yield a good bounce from my perspective.
This just proves this company is smart and has different tools at its disposal other than dilution to stay alive. Here's to hoping they utilize the extra time well!
Agree! I am settling back in here! Should be more active going forward! Still have my position and am excited for news.
Pretty thin to .01!
Story of this stock all the time... l2 always thin... allows for these big swings...
I am sure it will recover back to a penny...
Big money investors got what they wanted here... their guy will lead the way...
I am sure they will make him look good!
I am sure 1200 bucks is really keeping him up at night!
I agree that something is coming tomorrow. Based on no new financing I have to believe they are doing okay. This company is very quiet. This has just been their MO from the beginning.
My gut says we will see improvement versus Q2. Will it be enough to say we are still on pace for profitability by EOY? Who knows...
Fingers crossed for all of us!
It will... even if not in the short term ( EOY)...
Product is too good. They will not let Lavance mortgage the future any longer...
He either delivers or is replaced in a matter of a few months...
Totally agree Tomstyle!
If I understand your comments, are you saying the company is worth $3-5m if they cannot cut it and someone buys them out?
This puts share price in the event of failure in the $.006 - $.01 range, right?
Seems like the failure is already priced in then, which means you can buy here with somewhat limited risk... if the company beats expectations or delivers on breakeven by EOY then the upside is obviously huge here...
Just trying to understand other's perspectives here...
Should be before end of next week and I am still very optimistic... no reason for news at this point.
Break even was expected based on existing clients and contracts...
No concerns on my end...
I just spoke with Yvonne just on Friday.... I would not read anything into it...
Hahahah won't we all!
Same here but there really is an over abundance of negativity priced in at these levels... I don't see total failure as an option here since the patents and product hold value here...
If anything, maybe we are in store for a regime change...
Although this could cause more dilution it will also likely be a shot in the arm for the company... increased optimism from shareholders with someone who is more aggressive... I mean this just should not be that hard to get to 400 wells with such a great product...
This is all doom and gloom of course... hoping Lavance can actually pull this off by EOY! If so we will all be sitting pretty...
If not, the wait continues, but my optimism remains that this is a product of the future and will be successful!
Got this from IR...
I think we all have the same question... I had thought for a long time that a sale would fetch 25m-50m but even on the low side that would put us at $.05 PPS...
Clearly this is not being priced in as a viable option, so not really sure what to think at this point ...
As far as the other company in the Permian I have sniffed around and got nothing. Yvonne even joked that it would be impossible to figure out because the company itself never publishes well count figures...
As far as the 4th imminent MSA I am starting to think things did not go as planned... it appears the customer is still in the mix but opted for more of a pilot phase versus signing on the dotted line... somewhat disappointing but at least the fish is still on the hook...
Any one hearing anything? Seems dead around here as of late. We should have news in 10 days or so...
Oh wow, okay... makes sense...
There was nothing wrong with them... so confused...
500k bid though... someone wants a big piece of this for the second time this week...
Totally agree! We are seeing bids building because the selling at .012 seems to have ended!
Next question is how big is the block at .0125?
Nice to see activity for sure! Should have some news in about 30 days here!
A lot of the negativity is pretty priced in... if we are on pace and not there yet then we should be .02-.03. If we are at breakeven of imminent the. I would say .04 or higher...
If the news is bad I guess it depends... more financing puts us closer to .008 probably... small delays but no other financing necessary probably keeps us in the .01 to .015 range...
It will take some pretty awful news to tank us... odds are on our favor so long as these guys are working hard to close the deals and it seems like they are!
Hoping we got a chunk of the new Concho wells in the Permian from the recent acquisition... something like close to 400 wells recently acquired in a basin where we have a depot...
Awesome! Thanks!
Hahahaha! Been using the otc markets website so I don't have to bother you for L2!
Really looking forward to the Q3 numbers here!
Very close to end of year profitability here!
Still don't think there is a better investment out there with as much upside as this! Just 4 weeks til we get some news!
Still very optimistic here!
GLTA!
I hope he is done selling! This needs to move up now! No reason to be down here... seems like price suppression to me...
Now we just need some positive sales news!
Awesome! I will be using it going forward!
Thanks!
Thanks for the website! I will definitely be using it! Do you know if it is delayed or real time?
What's l2 look like to the ask side after the 10k at .012?
Happy Friday!
Sucks to be in Europe I guess...
Should not be too much contagion here...
I just don't understand someone saying this company has not delivered on promises. To me one of the biggest reasons I invested here is because these guys are honest. Have they failed to meet my expectations at times? Sure! But I trust them and after a good product that is the most important thing in my book!
I agree the oil markets in the US are shaping up nicely for us here Gary! This company has truly never been in a better position than right now!
Keep in mind that with the latest financing that the staff took huge pay cuts. That is unheard of. They added 2 and soon to be a 3rd large O and G producers since then.
They are on track to be at breakeven by end of year. They are recovering from the oil collapse at the start of the year. They had less than 100 wells at the time and are somewhere in the 250+ neighborhood now. Remember they only need to hit 400 wells for profitability and they are conservatively projecting this by year end.
I see so many people talk about broken promises and I just don't understand it. What promises were given? As a follower of this stock for the last 6 years I am disappointed that it has taken this long, but I have never felt misled. I cannot recall any projections of profitability given like the one this past quarter.
I have never heard a promise that was not delivered from this company. I am very excited about the transparency of this company and the future here. Q3 ends Friday. Profitability in 90 days.
If they fail to deliver on this then we can say they potentially mislead us. But I see a staff that is working hard and made it through a tough climate. We made it through the tough times and now large O and G producers are signing on the dotted line. To get this stock at this price this close to profitability is a joke. I am only disappointed I loaded up between .012 and .02. But I am still confident I will do well here in the next several months. I am happy to own this stock! Remember the fundamentals are here. Take the emotion away and the latest facts are we are a company on the path to profitability.
Great product and great leadership team here... we are just seeking panic sells during a low volume time. It happens.
Q3 results and conference call are right around the corner and I am sure the company will deliver on the trajectory they have stated since May.
GLTA!
Especially for a company that has communicated profitability is so close.
They have shown the path for how they will get there and are executing on the plan.
2 huge O and G producers have started our maintenance regiment in the last 2 months in addition to already having EP ENERGY. Per the conference call last month one more has given a verbal and should be signing on the dotted line any day.
Things are looking up here!
Im adding today! Cannot beat these prices!
By law the company is required to release news of their projections have changed! No news is good news and means company is still in pace for breakeven by year end! Each passing day just means we are closer to profitability!
Should put us north of $.10 once this occurs!
GLTA!
Hahahah look at all of the bidders salivating for the penny stock...
GLTA ! That would be a steal for this!
And remember the only reason we are down at these levels is because of the oil crash in Q1!
Oil is stable now in the mid $40s. Up 3% today actually. We have large oil and gas producers in our customer arsenal now.
This company is on more solid footing than ever right now and is 3 months from profitability.
GLTA!
Totally agree! We have a good business model here and the company is being transparent. Profitability is coming... Grab the cheaper shares if you can for the time being...
The ask side has remained thin here for awhile how... The shares that are trading are going into long term holders hands...
Short term guys have dried up but not many people are selling their shares...
I am disappointed by the lack of bids, but they will come in time... We are 3 months from breakeven guys! The new faces will come! And they won't be able to build large stashes because the price will run quick with the lack of sellers here!
GLTA!
I'm still away with limited / delayed access. Can you detail the breakout to the ask side for me?
I am just curious...
Have a great weekend everyone!
I am looking forward to getting back next week! I will be buying some cheap shares of things stay this way!