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Look at the other side of selling equity,the company got cash(the most sells where at higher prices) that increase the value of the company and will help to increase the oil production after that they can use the bigger cash flow to buy back shares IMO selling equity that help to incease asets and production this is no reson to free fall.
No one is talking about the real issue -production,revenues etc.
Buy when it sick sell when it healthy that is the way to make money ,when it sick it cheap...
Good quarter post today production grow more then twice and in the next quarter will double again.93 m shares only and share holder equity 40 M .This company is traded deep undervalue.
So how you explain 100% up today?
I saw at the balance sheet that MHII have big short term debt ,i hope that they cover this debt by loams andrevenues and notby dilutions ,the way that the pps fall was like someone make short and he want that the pps will fall and scare us and then cover the short at low price .Maybe now there is short covering.
Nothing happened ,just someone sold best
I thought it different when the company have net revenues 3 last quarters .
I saw that the MM MICA that hit the bid from the start of the day is gone i am buying here even if there is dilution it is atractive price imo
NITE is on the bid from yesterday he bought 125k-150k !
Maybe buy back is started
THE MM SBSH that hit the bid and was always at the ask is gone!
There is one change
MHII HAVE 3 QUARTERS THAT SHOW NET REVENUES !
1 million dolar at the last six month
As a company that make 1 million $ at a half year there is no way that will be splits
10 MM on the bid and only SBSH on the ask !i hope that he will finish to sell today.
B.D.W can it be short selling?
YOU CAN CHECK YOUR SELF AT THE Q 10 AND AT THE PR FROM LAST MONTH HERE IS THE LINK
http://biz.yahoo.com/bw/070604/20070604005813.html?.v=1
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of June 30, 2007, the issuer had 202,357,320 shares of its common stock issued and outstanding.
AT THE pink sheet.com the # are wrong
There is one MM that sell most of the shares when he will finish no one can stop this share to go to 20 cents
DRAGON
I sent e mail
I ask M ELLIS to give us update ,the JL updates are worthless,i think that he will update us
GOOD LUCK
There was no dilution ! m/k 800,000k only MHII should trade at 6-8 cents
The fact that the pps is low is the reason that investor are calling IBIN scam no one have proof
SOSO
The dilution was when the pps was higher BDGR received for example 10 cent per share when the pps was 15 cent ,according to lanza this month BDGR will have possitive cash flow and 7000 bbs left at the tanks do you see problem to take for example 90,000 $ to buy 2,000,000 shares? or sale 1200 bbl's and use the cash to fix the dilution that was necessary ?and do not forget that the pps so low that all the company worth only 4.5 million $.
THERE IS always a chance that Lanza will have care eccident or anything that cause him to stop or sell BDGR and then we jump to 50 cents .
VOLUME OF 4,000,000 maby they buying back as they said
"Black Dragon Acquires Stock in Open Market"
BDGR at this price look to me deep deep under valued company and i don't care much about the dilution as long as it help finance the production cost and as long as it going to stop and the buy back will fix the damage
If the low pps BDGR it trading under the sh equity!
I AM in again
i se good future because the oil price and the rising production
NO one here pay attention to the financial, all you care about is that at the past there were r/s imo as long as MHII become company that make net revenues there will be no r/s and to tell you the truth ,i don't care .I only care about the financial and the dilution at low prices.
PTLD also up 40%
IMO if the 10q will show that there was no masive dilution and there are around 202 milion shares outstanding and MHII continue to show net revenues even 100-200 k i will double my 6,000,000 shares mrket capital of less then 1,000,000 $ is a joke.
I would like to see the q2 and if the net revenues continues and there are realy 202 m shares i will buy 5 milion shares more ,
The buy back confirms that ETLT is deep undervalued share !
So far BDGR acting very strong
202,000,000
http://biz.yahoo.com/iw/070614/0265998.html
MHII will fly soon 651,000 net revenues per quarter will be the trigger.
great buy opportunity imo
THE MM that was at the ask is not at the ask today !
That mm was the reason to th free fall
The p/r got shares for there service and they are selling from time to time ,when they finish to sell the pps will fly high because MHII tern to company that make money,and a lot.
P/E OF 2.83 SRONGGGGGG BUYYY
Buy and hold there is no way that with financial like IBIN have the one that hold IBIN will lose at the long run.
This is new company with new buisness with share price that after the free fall maybe atractive ,we will know that after we see financials of the new buisness ,i concidering buying more because of the drop of the share when the company was at the same situation day before and day after the r/s.