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LVCP - producing & selling oil
bargin at .80 a share
http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter
NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.
Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.
Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.
At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.
As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.
According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.
Current NAV = (unknown value - $1 million / 4.7 million shares)
The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.
http://www.wallstreetnewscast.com/profile/public/lvcp/
OT: LVCP - producing & selling oil
bargin at .80 a share
http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter
NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.
Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.
Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.
At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.
As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.
According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.
Current NAV = (unknown value - $1 million / 4.7 million shares)
The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.
http://www.wallstreetnewscast.com/profile/public/lvcp/
3500 shares traded....
should be so much more with oil & gas deliveries starting from their producing leases.
- http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
LVCP - begins oil delivery (.80)
LVCP is begining their first oil & gas delivery from their producing properties. Screaming bargin at .80
- http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter
NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.
Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.
Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.
At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.
As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.
According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.
Current NAV = (unknown value - $1 million / 4.7 million shares)
The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.
http://www.wallstreetnewscast.com/news/oil/lvcp1117.html
anyone read this? Oil pick-up ready!
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter
NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.
Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.
Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.
At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.
As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.
According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.
Current NAV = (unknown value - $1 million / 4.7 million shares)
The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.
http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
WSNC Small Caps Inplay.....GZFX
WSNC Small Caps Inplay for Friday Nov. 18, 2005
- http://news.search.yahoo.com/news/search?p=gzfx&ei=UTF-8&fl=0&x=wrt
just a small news blurb!
LVCP - ready for first oil delivery
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter
NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.
Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.
Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.
At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.
As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.
According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.
Current NAV = (unknown value - $1 million / 4.7 million shares)
The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.
NATURAL GAS PRICES
The release this morning from the Energy Department of natural gas inventories increased to 53 billion cubic feet was right in line with the market expectation. But, with the first blast of winter weather enters the Northeast traders are moving their attention to winter inventories of heating oil and natural gas stocks. Temperature forecasts are expected to be below to average over the next 10 days in the Northeast, which is the biggest consumer market for heating oil and natural gas.
If you expect natural gas to be in the news as winter weather sets in, then you may want to keep LVCP on your radar as a different oil and natural gas play.
http://www.wallstreetnewscast.com/news/oil/lvcp1117.html
Offer .90 - http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
$.50 cash dividend per year?
If LVCP was projecting $.18 a year cash dividend with 30% interest, then they should now be projecting around $.50 cash dividend with 100% holding of leases.
So, for every 100,000 shares of LVCP someone owns they would receive $50,000 cash dividend a year...wow!
- Net Asset Value up to near $10 a share
- Cash Dividend up to $.50 per share
- Oil and Natural Gas in tanks and ready for pick-up
- stock only .90 per share
http://www.wallstreetnewscast.com/news/oil/lvcp1117.html
$.50 cash dividend per year?
If LVCP was projecting $.18 a year cash dividend with 30% interest, then they should now be projecting around $.50 cash dividend with 100% holding of leases.
So, for every 100,000 shares of LVCP someone owns they would receive $50,000 cash dividend a year...wow!
- Net Asset Value up to near $10 a share
- Cash Dividend up to $.50 per share
- stock only .90 per share
http://www.wallstreetnewscast.com/news/oil/lvcp1117.html
very lite float....
after .90 it seems like there is just a few shares at $1.20...then $2.
any little buying in this could send this moving - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
It seems LVCP has oil and natural gas stored in their tanks and are ready for first pick up pending the bond from the state. Sorry to see what happened to TNOG today...wow, got clobbered, but will be interested to see what happenes next.
LVCP - NAV = $7 to $9 a share
LVCP - oil & gas BDC
Total assets - $60 mill
Total debt outstanding - $2 mill
Shareholders' equity - $58 mill
Shares Outstanding - 5 mill
Net asset value per share $11 NAV
only trading at .90 a share - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
TNOG comes up dry.....
Titan Oil and Gas Comes up Dry as Legend Investment Fills Storage Tanks
http://news.search.yahoo.com/news/search?p=Titan+Oil+and+Gas+Stanley&ei=UTF-8&fl=0&x=wrt
TNOG not producing - LVCP is producing
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wr t
quote - http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
LVCP - read this!!!!
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wr t
should trade higher then .90 a share
why the drop on TNOG?
I read the news but doesnt seem that terrible. Obvious hit large crude & gas would have been better but not to justify 40% drop. Maybe be worth a traders play...IMO.
LVCP - read this?
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
- http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt
OT: LVCP ready for first delivery
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt
already has product in tanks...ready for delivery!
LVCP bid/ask (0.00 x 0.90)
yea, i cant even believe no one would even bid this for .10 for the off chance of getting filled. But, from what I gather...LVCP is not piggyback qualified so bids & asks can only be shown on unsolicated bases. Pink Sheets shows no bid, and ask of .90 a share.
- http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp
should be at least $2 to $3 a share...at least.
six natural gas leases
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt
any thoughts?
OT: LVCP - news blurb...hottt!
sorry for bringing this deal to the AMEP board, but its also an oil & gas BDC...thought some might find this interesting.
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
- http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt
LVCP - Oil & Gas play....news blurb
Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
- http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt
Why no interest in LVCP?
stock has a net asset value of $4 per share, and with acquisition of 100% intrest you could see $10 a share NAV.
Yet, no buys or bids around .90 a share....way undervalued. Remember, LVCP is a fund, NOT a stock...so is valued by NAV, not EPS.
If NAV = $4.....why only $0.90?
can't believe no bids......
LVCP has a current NAV of around $4, and with the 100% ownership now of six leases that should boost LVCP net asset value (NAV) to around $7-$9, and $10+ if you base it on todays shares.
$10!!!!!!!!!!
and no buys at $0.90?......not even a bid at $0.10
LVCP - am I the only one seeing this???
LVCP should be trading at $6 - $7
LVCP is a closed-end fund, and not a stock, so is valued based on net assetvalue, not EPS.
NAV = assets - liabilities / shares outstanding
Assets = $60 million (these six leases)
Liabilities = $2 million
------------------------
$58 million
$58 million / 6 million shares outstanding = $9.66 per share
Total NAV per share for LVCP = $9.66
If you even give the stock a discount to current value, $6 to $7 is a fair value for where LVCP should be trading.
Am I the only onlyone seeing this????
LVCP should be trading at $6 - $7
LVCP is a closed-end fund, and not a stock, so is valued based on net assetvalue, not EPS.
NAV = assets - liabilities / shares outstanding
Assets = $60 million (these six leases)
Liabilities = $2 million
------------------------
$58 million
$58 million / 6 million shares outstanding = $9.66 per share
Total NAV per share for LVCP = $9.66
If you even give the stock a discount to current value, $6 to $7 is a fair value for where LVCP should be trading.
Am I the only onlyone seeing this????
NAV jumps from $4 to $7-$10.......
and no interest, not even for like 500 shares at $0.90?
This shpul;d be trading at least around $3 a share, at least!
LVCP - way undervalued (must read)
Update from LVCP (increase in net asset value)
- Oil & Natural Gas in storage tanks and ready for pick-up
- Increased 100% controling interest in six lease which should boost LVCP net asset value (NAV) from like $4 to near $7 to $10 per share
New NAV could be around $7 to $10 a share!!!!!
Current Price ($0.90) - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
------------------------------------------
Nov. 15, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481. www.legendinvestment.com
The Company currently has 4,638,480 shares outstanding.
Call the company to confirm - Peter Klamka (734) 846-2481, email: peter@legendinvestment.com
offering .90....no bids, yet
Butwith LVCP net asset up on 100% control of six leases this should be trading up.
- new porjected NAV = $7 to $10 - IMO
So, even it were to trade at a dsicount to NAV thats still a fair price of $5 to $7.
LVCP could move (new NAV = $7)
Two big key points:
- Oil & Natural Gas in tanks and ready for pick-up
- 100% interest in six lease should boost LVCP net asset value from like $4 to near $7 to $10 a share
$7 to $10 a share!!!!!
Nov. 15, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481.
The Company currently has 4,638,480 shares outstanding.
Call the company to confirm - Peter Klamka (734) 846-2481
LVCP NAV up from $4 to $7-$10
Got his directly from company...believe they are working on PR for it. Can contact and email company directly to confirm.
Peter Klamka
(734) 846-2481
email: peter@legendinvestment.com
MY TAKE
Now that they hold 100% ownership to these six leases their net asset value (NAV) should be up much higher. HC Oil & gas valued their 10 leases at $100 million asset value...so for simple sake lets say those 6 lease represent $60 million asset value.
$60 million - $2 million (liabilities) = $58 million (total assets)
$58 million / 6 million shares outstanding = $9.66 a share
* they only have 4.6 mill OS, but I figure lets just say 6 mill for any shares they need to issue to get this fully producing.
LVCP - nav from $4 --> $7 to $10 value (big)
- Oil & Natural Gas in storage tanks and ready for pick-up
- Increased 100% controling interest in six lease which should boost LVCP net asset value (NAV) from like $4 to near $7 to $10 per share
$7 to $10 a share!!!!!
Current Price - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
------------------------------------------
Nov. 15, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481. www.legendinvestment.com
The Company currently has 4,638,480 shares outstanding.
Call the company to confirm - Peter Klamka (734) 846-2481, email: peter@legendinvestment.com
LVCP - received big news on LVCP....BIG!!!!!
Two key points:
- Oil & Natural Gas in tanks and ready for pick-up
- 100% interest in six lease should boost LVCP net asset value from like $4 to near $8 to $10 per share
$8 to $10 a share!!!!!
Nov. 14, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481. www.legendinvestment.com
The Company currently has 4,638,480 shares outstanding.
call the company to confirm - Peter Klamka (734) 846-2481, email: peter@legendinvestment.com
Received big news on LVCP....BIG!!!!!
Two key points:
- Oil & Natural Gas in tanks and ready for pick-up
- 100% interest in six lease should boost LVCP net asset value from like $4 to near $8 to $10 per share
$8 to $10 a share!!!!!
Nov. 14, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481. www.legendinvestment.com
The Company currently has 4,638,480 shares outstanding.
call the company to confirm - Peter Klamka (734) 846-2481, email: peter@legendinvestment.com
Received big news on LVCP!!!!!!
Two key points:
- Oil & Natural Gas in tanks and ready for pick-up
- 100% interest in six lease should boost LVCP net asset value from like $4 to near $8 to $10 a share
$8 to $10 a share!!!!!
Nov. 14, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.
The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.
There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.
A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.
Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.
There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.
Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at (734) 846-2481. www.legendinvestment.com
The Company currently has 4,638,480 shares outstanding.
call the company to confirm - Peter Klamka (734) 846-2481
OT: LVCP tanks full and ready for delivery
talked to the company and from what i uderstand is that the tanks of the property are already full and ready for first pick-up....they just need some sort of paper work from state to begin petroleum deliveries...some bond.
Either way, with a net asset value of $4.00 and a current price of $0.90 it seems like a no brainer.
tanks full and ready for delivery
talked to the company and from what i uderstand the tanks of the property are full and ready for first pick-up....they just need some sort of paper work from state to begin deliveries.
Either way, with a net asset value of $4.00 and a current price of $0.90 it seems like a no brainer.
OT: LVCP - tanks full, ready for pick-up
LVCP - way undervalued at $0.90
LVCP current net asset value = $4.16 a share
Stock is trading at $0.90, which is way below $4.16 a share. Also, tanks are full of Oil and Natural Gas and are awaiting delivery pick-up for first production shipment.
LVCP - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
LVCP - way undervalued at $0.90
LVCP current net asset value = $4.16 a share
Stock is trading at $0.90, which is way below $4.16 a share. Also, tanks are full of Oil and natural Gas and are awaiting delivery pick-up for first production shipment.
LVCP - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP
anyone following this one?
net asset value = $4.16
seems undervalued at $1.05