Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PL, Art posted that Anadarko is drilling in 2007. So now you have two sources. Art and Mark. Isnt that good enough for you?
Not to my knowledge. Why?
Yes good point amj.
What is it about investor presentation that you dont understand? And mark has also said it. Isnt Marks word good enough for you?
Well you obviously dont believe the Anadarko driiling timelines. Mark was the one who announced the drilling guidelines. So...
PL are you going to aplogize to markgovols?
Not yet PL? But does that mean it won't occur??? I believe they mentioned it during a recent investor presentation. Isnt that good enough??
Are you accusing Markgovols of being a liar and a phony who puts out false information?
Interesting article. Is Alhaji Umaru Musa Yar' Adua from the PDP the candidate that Offor wants to win? What is their relationship? I thought I had read something about the two of them somewhere. Regardless the election is not far off.
If the stock is already undervalued and lets say they convert 2 or 3 Redwood clients why would it be considered a pump if the share price were to rise significantly. If the share price were to go up I wouldnt consider it a pump. I would consider it getting to a level that it really belongs. This stock is ridiculously undervalued at these levels.
Snow, everything always sounds promising. Unfortunately there has been a big descrepancy between promises and reality. Lets hope that changes soon.
Snow, IR made the statement. Jersey Boy heard the same thing from IR. That the 10Q and 10K will continue to be filed on time. That the filing was made a couple of days ago because they are in negotiations for a capital infusion from a group of Canadian investors. And that Jim is planning a trip to Europe to promote the stock. And that the ultimate goal of S3 is to get listed on the AMEX. All of this came from IR and Jersey Boy can confirm and you or anyone can find out the same information by calling the number that is listed in the ibox.
Holter I completely agree with you. I was complaining about the same thing all week and will continue to do so.
Holter, the whole point was that he had said there was nothing to discuss about the actual business. So just to make a point, I showed him things that he could have been discussing about the actual business. Point made. Yawn.
Did I mention that each new Redwood client results in approximately $1 million to S3's bottom line. That includes stock in each newly converted Chinese company. Imagine what will happen when they are converting 6-8 new Redwood clients per year. They now have the infrastructure to accomplish just that.
That would bring in $6 to $8 million into S3 including the stock of the various Chinese companies that are converted and trading on the US exchanges. Imagine what that will do for a stock with a current market cap of $1.3 million?
And China is just teaming with high growth companies that are looking to trade in the US markets.
What a great concept. Taking rapidly growing privately held Chinese companies and converting them to a publically traded company on the US stock exchange. It is the perfect market for S3 to be involved in.
I am looking forward to the day when S3 has significant stock holdings in 10 to 12 rapidly growing Chinese companies. Talk about a potential earnings bonanza. Especially for a company with a market cap of only $1.3 million.
Apparently they are in final negotiations to convert 3 or 4 companies. So this infusion could occur sooner rather than later.
Listen, your mode of operation is to throw up as much _____ as possible to see what sticks to the wall. You have an agenda. I dont agree with the vast majority of your points. You jump from board to board and post the same nonsense on every board.
As far as SIVC I believe Redwood Capital has great potential. It has not been in existence very long but it seems to be on the verge of signing multiple clients. I believe the management restructuring which just took place over the summer at Redwood should allow Redwood to process more companies in the pipeline which should lead to a higher conversion rate. Fushi International seems to be doing well and is poised for a nice run and that will provide a nice example to the myriad of other Chinese companies that are looking for exposure in US markets.
Ditto with Sino as far as S3 involvement. If Abaxis Medical approval ever goes through then revenues to Sino should increase substantially as Abaxis has $80 million in worldwide sales. S3 has made some great progress in some areas and has had plenty of setbacks along the way. I still believe in the business model. If you dont that is your perogative. Things in China take time. And the fact of the matter is both operations have been in existence for only a relatively short period of time. Businesses take time to thrive and grow. Especially when business is done overseas in a country such as China which has a more centralized form of government. I know these issues are over your head because you dont know the first thing about running a business or international business operations or global economics.
I was also very impressed with the new BOD appointment. She has very impressive credentials with VCCHINA and Harvard. Very impressive and very telling that she would take the time to become a board member with S3. She must feel that is has significant upside potential. Someone with her credentials would not risk her reputation on a substandard company.
Good luck.
This should all result in significant returns for shareholders going forward.
LOL Because we discuss the positives from time to time about the company and you dont. Its called giving a "balanced" account of whats going on instead of showing up with an agenda. And as you know they have plenty of employees in China. And according to the PR they were supposed to convert preferreds to commons which would give them significant insider ownership.
Good luck. (such a disingenuous good luck from you as always flaflyersfan)
Why would they bother to make a promotional video? (Maybe Jim has aspirations in Hollywood lol) Why would they be planning a stock promotion in Europe? Why would they update the website? I dont think they will go private. I believe they are gearing up to get the share price where it belongs.
Well Anadarko might be drilling sooner so you are not off the hook yet. lol
The volume was pretty good today. So someone was buying. I wonder who the heck was selling. Oh well.
Rocky nice call on yesterdays prediction. You were right on the money and I am absolutely shocked that there werent an avalanche of posts congratulating you.
NWTF nice call on the drilling timelines. You were correct all along. Nice job nwtfphant lol.
Well maybe they will give us that comprehensive outline of their strategy that they promised us 4 months ago. Then we will know what is going on. The problem is not that they haven't provided one. The problem is they should have never promised one in the first place.
That is why I would like to know if the preferred shares have been converted to common shares. Then I could determine if they are trying to drive the price down. In the PR they stated they intended to convert the preferred to common shares immediately. Has that ocurred or is this yet another example of wrong information being given?
Also the company did say they plan on filing future 10Q and 10K's in a timely fashion.
When I talked to IR they stated that the goal of the company is to get on the Amex eventually. I hardly think that sounds like a company going private.
Might they merge with another company? Possibly. Might this group in Canada be a Private Equity Fund that buys into undervalued companies with the mission to increase shareholder value. Lets hope so.
Jerseyboy posted several days ago that he talked to IR and they stated Jim Bickel is putting together a streaming video to promote the company in Europe. Why would he do all of that if he were taking the company private?
It sounds to me that MC&F is working with a group of investors to get a cash infusion into the company. Yesterday's filing was required because S3 did have a going concern statement in their 10K and that going concren statement would make it more difficult for the canadian investors to provide capital. So after yesterdays filing that is eliminated and now one of the roadblocks have been removed. That is why S3 needed to go "dark" so to speak.
The question is how will this funding be arranged. Are the canadian investors buying into a percentage of the company after which Mr. Bickels PR campaign in Europe will begin in full swing to promote the share price. If that is the case we should all benefit from a higher share price.Provided that additional dillution isnt involved with this new round of funding. Another question is if it is a buy in, will the buyin price be above the current price. One would hope so.
They would get hit with lawsuits. I dont think the death penalty is in order in this situation.
Lets hope he actually did convert his preferreds to commons. If there is one thing I have learned about this company its that they say one thing and then the result ends up being completely different. Maybe if lawyers become involved they will change their ways.
Drilling Timeline for ERHC Energy Inc. and Partners in Blocks 2 and 4
Thursday March 8, 4:29 pm ET
HOUSTON, TX--(MARKET WIRE)--Mar 8, 2007 -- ERHC Energy Inc. (OTC BB:ERHE.OB - News) today reported that its consortium partners, Addax Petroleum and Sinopec, have jointly secured a deepwater drill ship. According to plans announced by Addax, exploration drilling could begin as early as mid-2008 in Blocks 2 and 4 of the Joint Development Zone ("JDZ") in which ERHC Energy maintains a participating interest.
ADVERTISEMENT
Addax and Sinopec jointly entered into a joint agreement with a subsidiary of Aban Offshore Limited for the provision of the Aban Abraham deepwater drill ship to start drilling operations as early as the second quarter of 2008 in the Gulf of Guinea. ERHC Energy has a 22 percent participating interest in JDZ Block 2, in which Sinopec is the operator, and a 17.7 percent participating interest in JDZ Block 4, in which Addax is the operator.
ERHC Energy also holds a participating interest in JDZ Block 3 and a working interest in JDZ Blocks 5, 6 and 9, but those Blocks are not included in the current plans for the Aban Abraham. Additionally, none of the blocks in Sao Tome's Exclusive Economic Zone (EEZ) to which ERHC holds rights or options are included in current plans for the Aban Abraham.
“It is gratifying that after years of planning, we expect to commence drilling with the goal to realize value from our asset base in the JDZ,” said Acting Chief Executive Officer Nicolae Luca. “The planned exploration program is exciting for our shareholders.”
Established in 2001 by a formal treaty between Nigeria and the Democratic Republic of Sao Tome and Principe, the JDZ lies offshore in the Gulf of Guinea. It is considered one of the most prolific hydrocarbon regions in the world.
Public Reply | Private Reply | Keep | Last Read
LOL, it was an article about the current political climate in Nigeria. Could it have been slanted? Of course. It probably was. Just like when the Dems rip the Republicans or vice versa.
You do have a flair for the dramatic and I enjoyed reading your post. Would another company buy-in to S3 at a predetermined price or would it be a total buyout?
1) What would 51% of Sino bring?
2) What would 100% of Redwood including FSIN shares bring?
I really dont have any idea. On the company website under subsidiaries they do mention the possibility of spinning off Sino. So I suppose anything is possible. I would hope that it would be at least $10 million for a total buyout but who knows.
Summary of SINO UJE Investment
Equity Position: 51%
Expected Return to S3 Shareholders:
Repayment of $750,000 line of credit provided by S3, plus interest
Value of ongoing 51% equity position in revenue payments back to S3
Potential for spin-off in to public markets with stock dividend to S3 shareholders
Candidate for acquisition by large medical device company with cash or stock dividend to S3 shareholders, depending on whether the acquiring company is public or private
Capital appreciation of S3 stock as portfolio value of SINO UJE increases
Thank you for posting that Rocky. It was an interesting read.
That slogan has been banned from this board along with fortnight. You are now suspended from all future posting activities for a period of 6 months lol.
Anadarko is also close to their 52 week low. So one would think they would have a sense of urgency about drilling a well and reporting the results.
On the capital infusion.
Yes, apparently Merriman Curhan and Ford and this canadian investor group are working together.
In my very uneducated opinion they are anticipating getting listed on another exchange or are taking the company private. I dont know why they would go through all of the trouble to have a reverse split if they planned on taking the company private. So imho they anticipate trading on another exchange shortly.
All IMHO. I am no expert on filings.
"Second, the issuer may wish to voluntarily remove its securities from listing on one exchange to either list and trade the security on another market, or to permanently cease trading in the security."
So imho they are either taking the company private or they anticipate being listed on another market shortly.
They Filed a Form 15 under Rule 12G-4.
REPORTING OBLIGATIONS. upon the delisting of a security from an exchange, the issuer may continue to have reporting obligations until it terminates such security from registration. Today, it is quite possible for an issuer to remove from listing its security from an exchange by filing a delisting application, and concurrently terminate registration under Section 12(b) by filing the Form 15.
An issuer's security is withdrawn from listing and trading on an exchange for two primary reasons. First, a security may cease to be eligible for listing because the issuer has failed to meet the exchange's continuing listing requirements, which also includes the issuer's duty to file timely annual reports with the SEC. In this case, the exchange will initiate a proceeding to delist and deregister the issuer's security. Second, the issuer may wish to voluntarily remove its securities from listing on one exchange to either list and trade the security on another market, or to permanently cease trading in the security.
Rule 12g-4 -- Certifications of Termination of Registration Under Section 12(g)
--------------------------------------------------------------------------------
Termination of registration of a class of securities shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 that:
Such class of securities is held of record by:
Less than 300 persons; or By less than 500 persons, where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's three most recent fiscal years; or
The issuer's duty to file any reports required under section 13(a) shall be suspended immediately upon filing a certification on Form 15; Provided, however, That if the certification on Form 15 is subsequently withdrawn or denied, the issuer shall, within 60 days after the date of such withdrawal or denial, file with the Commission all reports which would have been required had the certification on Form 15 not been filed. If the suspension resulted from the issuer's merger into, or consolidation with, another issuer or issuers, the certification shall be filed by the successor issuer.
lovemelongtime,
I recall seeing a post on here fairly recently that said that negotiations for blocks 5 and 6 were at a stalemate. But I can't recall who said it and cant find the post.