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Refer to the Bloomberg link, which you say is wrong and inaccurate. That says clearly who merged with who.
I mean, it can't get any clearer. I don't understand how people are still fighting it and saying it's not a real merger. I'm with you and many others opinion.
So Bloomberg is wrong too? They aren't the same company? They didn't merge? And it's weird that their index number is the same for both companies from my previous post, huh? Bloomberg is probably wrong though in your opinion, right?
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=241750395
No central index key? What's this then?
https://investorshub.advfn.com/uimage/uploads/2017/6/9/ugkloTg2C8u_Y.jpg
I f'ing hate.....absolutely hate to my core to admit this (because I've argued with you for months now)........... but unless Crawford pulls a rabbit out of his d* hole, you have been right and I as well as others have been wrong. I hope he post some god damn financials, but I'm now convinced they are on a napkin on the ground of some strip club that I paid for his trip to.
Because that's the date this all started. The file date was when it was amended
Hahahahaha. Ya, picking up some zero volume steam. Ok.
Pretty much right when I posted that the ask jumped to .0032. Someone slap it! I'm maxed for a minute too.
I put in one at .003 and it executed at .0029
Small walls at .003 and .0032. Take them down.
I'm in. I'll help
I, as well as others, like that you post your emails. Let the bashers bash. You know they have their own agenda and just want to shake out weak hands. If they had no interest, they wouldn't be here.
They are walking this down like crazy! Stop selling to bid. Slap the ask, or load at the ask and get this back to .004's before news hits or we're just going to go back to the same levels we've been at.
Here you go. It's an earlier post I did, but the "Master Default" result is a fine that's being blown so far out of proportion it's ridiculous:
Re: tdbowieknife Post# 14094
The order is that they must place the lease in compliance and pay a fine of $5,031. Really not as bad as you're making it sound considering some of the other orders on the list for other companies that have not kept their leases up to compliance. It's a new CEGX and I'm willing to give them a chance to make things right!
http://www.rrc.state.tx.us/media/39436/04-25-17-mdo.pdf
Replies:
The point is that CEGX is lying about
tdbowieknife on 4/25/2017 8:31:26 PM
Report TOS
Maybe because in the last month and a half the pps has gone from .0007 to .0049 (higher at some points) Just a thought, but that seems like a company moving in the right direction for share holders.
I agree! Sell so I can buy more cheapies too!!!
It's nehebert12's. He did all the DD and an outstanding job of it at that!
I'd rather take the cash out of my wallet and light it on fire.
Outstanding post and DD from nehebert12! Post from him below:
I am new to this but am trying to do my best DD. Searching the TRRC website it would appear that while you have shown a document from 2016 stating that CEGX was deficient due to lack of filing a P-5, there have been a few events since that date that show some promise. I would be happy to be enlightened as to any errors in my train of thought.
Timeline:
June 2016 - your info
July 2016 - an "OIL WELL POTENTIAL TEST, COMPLETION OR RECOMPLETION REPORT, AND LOG" report W-2 is filed and approved. (how are oil producing wells approved if they are not in some kind of standing with the TRRC? ehhh shaky evidence but still poking holes...)
Link - http://webapps.rrc.state.tx.us/CMPL/viewPdfReportFormAction.do?method=cmplW2FormPdf&packetSummaryId=157211
August 2016 - CEGX's motion for rehearing is submitted. (Not avoiding the TRRC just a little late filing for rehearing. Struggling business trying their best...yada yada)
Link - http://www.rrc.state.tx.us/media/35801/20-0301211-cegx-of-texas-llc.pdf
October 2016 - TRRC denies motion for rehearing (same link as above)
April 3, 2017 - P-5 filed and fines paid as per CEO saying these were paid up to date just waiting on auditors I believe. (some notable information from this next link, P5 compliance flags no and no, P5 expirtion date 3/1/2018 so it is active, P5 inactive date - blank, Organization status - active/extension)
Link - http://webapps2.rrc.state.tx.us/EWA/organizationResultsDrillDownAction.do?methodToCall=searchByOperatorNo&operatorNo=140712&rrcActionMan=H4sIAAAAAAAAAL1Qy2rDMBD8mvRiEFrZeVz2YIzTSyCkMW3A5LC1hRNwLLOS6QN9fGWXQklz6iGnHWZnh5n1ICUqDxIQHpirtHJn0z1VXJfyiBP_pl-p760SYS2sI6eFexeDncXpSgaFwpla5y9pgPEIDTfUnT9pNNoNmj--PUVtgiLBi3YnUxcmo7YNxBxZu4G7wuw1cXUK1ArlnyilnbYpN1b0xHR5pnbQU8IFQiKXMJZYYpY_HqLtOiryQ7qPNpvsygnuVMr-lFlgT43mX6FvNoRjea0bkyJ4hSB9HECC0s_DDH1vXP_3P19Zj8cvAQIAAA
April 25, 2017 - Meeting minutes contain a discussion about an enforcement action against CEGX for violating 16 TAC §3.8(d)(1). This is a violation of disposal methods, the exact verbage can be found on page 6 here http://www.tidrc.com/resources/Laws/Statewide-Rule-8-Whole.pdf
Link - http://www.rrc.state.tx.us/media/39319/conference-agenda-for-april-25-2017-final-as-posted.pdf
Further evaluation of this finds that the well was last inspected and approved in April of 2016 as far as disposal is concerned. This wells disposal method is disposal into a non productive zone
Link - http://webapps2.rrc.state.tx.us/EWA/uicResultsDrillDownQueryAction.do?methodToCall=searchByUicNo&uic=000099439&rrcActionMan=H4sIAAAAAAAAALWQT2vDMAzFP013CRjLSf8ddDAh3aVQtoatEHrwHNMW0jrINtvAH35Ot8Loeiu7CPGeJN5PEThHEYEDwgORltof7OlZU9vwLZ71d_Om-t4JlmzmvPKG-Q8W3CiXM54mBI7EonqVqc2HNhz0UzD0-X2KtTYZBR6N39u2tqXquiSMkYwPdKrt2ijS-yTNkP9J0LizK2nnWK9IHV9UF8xPsFWqE4SCT2EgmGJZPW6y1SKrq41cZ8tleXUP_pfIXUgm2KudoV-Jb-LBtrmeGwIiRIHAY47zWCCP4yQkzBvb9z3nCySGIjX7AQAA
A few notes on this - Decision on this has not been announced yet so it is not officially anything yet. It is not the main bradford wells everybody is talking about having potential. Lastly, this appears to be a non producing well but a well for disposal (I am stretching here with my limited understanding of the above link)
I easily could be misreading this but the timeline I was able to follow via the TRRC website would seem to indicate a company that is mostly in compliance and working their way back on most issues. In this industry fines and compliance issues are inevitable. It is what a company does to rectify these issues that is important and as long as CEGX shows progress and stays transparent, I will keep my meager investment and hold strong. Especially considering I am showing profits as of right now with promise of more to follow.
In His Humble Opinion
Replies:
Great Job MJAM2020 Real glad you are here
beer$$money on 4/27/2017 9:56:01 AM
Good Due Diligence MJAM! Thank you
BillionaireBoy on 4/27/2017 10:00:58 AM
Report TOS
How are they lying? It's been a week since they released this in a PR:
I feel the company is strategically positioned as the result of the addition of Eagle's existing leases and new equipment to fully develop all of the existing properties held by Cardinal Energy Group and the additional leases which will be acquired in the near future as the result of the Company's current capital raise.
Our focus will be to first re-establish production on the wells with the lowest cost of returning to full operation.
We don't know what order they're working on their wells in or how much it costs to fix that specific lease; or even the time it will take. Maybe it takes longer then a week? I don't know the specifics but I'm willing to give it more than a week to find out.
The order is that they must place the lease in compliance and pay a fine of $5,031. Really not as bad as you're making it sound considering some of the other orders on the list for other companies that have not kept their leases up to compliance. It's a new CEGX and I'm willing to give them a chance to make things right!
http://www.rrc.state.tx.us/media/39436/04-25-17-mdo.pdf
Ok, if you say so.
http://www.prnewswire.com/news-releases/mccusker-holding-corp-completes-reverse-merger-with-oceanic-research--recovery-inc-300439531.html
Read this. It's their intent to change the ticker symbol.
I hate to agree with you, but you're spot on. I think we all got screwed in this play. Live and learn.
You should google him. He's a standup lawyer it looks like. Makes sense this is the kind of guy that would be Johnson's attorney.
https://www.google.com/amp/www.oregonlive.com/articles/12975459/prominent_lawyer_ross_day_sued.amp
Well that seems like a really professional response from a CEO. That guys a joke if that's what he said. Note to all: Never get involved with a company that guy is tied to.
This moves fast on low volume. Today could be a big day. I slapped the ask at .004 when it was .0033 with a 10k bid and it shot to .004. 7 ticks of a small ask slap. Back to .038 now, but that shows how fast this can move.
Everyone needs to hold strong and not panic sell. Jessejames is right that there is no buying pressure and the MM's are walking it down for their benefit. They know it's going to pop soon and they will benefit off of scared money.
Hold this. Don't sell yet! Patience will be rewarded!
Everyone needs to hold strong. Don't sell scared. Good things will come!
And it's in regards to a well that was drilled in 1989 that hasn't been operational for 14 years so it's not nearly as big of a deal as it's being made out to be.
What kind of enforcement action? Here's the link that shows they are enforcing action against a well drilled in 1989 that's been inactive for over 14 years.
http://www.rrc.state.tx.us/media/33941/h15may16_1.pdf
From Paul Carlisle's profile:
EOI secured contracts from local oil and gas companies in the Dallas, Fort Worth area. EOI can turn key entire projects from prospecting and obtaining leases through the planning and drilling phases and finally the completion and day to day operations. EOI owned and operated its own drilling rig in the early years and to this day still owns and operates several service rigs along with all the necessary equipment to service almost any shallow well within a 150-mile radius of its yard.
From the PR:
"In total, we anticipate drilling and completing at least 24 additional development wells during the remainder of 2017".
It seems like they are planning on not relying on just the existing wells that keep being reported as non-producing. If these new wells are in fact drilled, and oil is found, revenue will roll in. The acquisition of EOI was for their equipment and full turn key ability to find locations and drill these wells.
Then someone should poke it with a stick
I hope you're right about the pump, but I don't see how wash trading below the value would pump the price. I would think that would lower it. I legitimately hope I am wrong and just don't see it.
I know a lot of it was, but it I highly doubt 100% of it was looking at the volumes of the individual trades
Can the people who keep selling at .0001 f'ing stop? What the hell are you doing? I thought we were here to make money?