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pennimom - better watch that large position your holding. It might just go down 75% this week.
I have taken too much insults here. I'm not a baby, I don't go vrying to Matt and ask for posts to be removed like some little girl. I hope you guys lose everything on this POS.
am I 'm going to pay for this service ? NOT. Bye guys. Had enough of this commy regime. Not going to be threatend anymore by you guys. You went over the top eatmenasaq. Good luck with BIGN people. later-
fratboy - deleting my posts why ? what the hell have I done that is so bad ? Two offending posts ? what posts ? This is america man, not some censored communist country. I have not used any vulgarity or racial slur today. What is wrong with you people....?
you should reaD eatmenasdaq posts send to me. They are scary. Guys says he's going to murder my family. Now I have a problem with that....
remove the pictures now....
here is what I think is happening...
East Texas LOI and BIGN will receive debt for equity. Each shareholder of BIGN will receive 2.5 shares of Tyche for every share 30 shares of BIGN held. BIGN common will then be cancelled. Bonhomme and Rowe will own 51% of the company. BIGN shareholders will own 37.5% (10% restricted) and the lender owns 11.5% of Tyche. Further preferred shares are issued to the lender. The lender cannot exercise the options to sell their 11.5% until the PPS hits .70 cents. TYEG may enact a 3-1 or 4-1 forward split also.
dump the pictures. It looks bad. It looks like out little company is a little company. Dump them. Trust me those pictures are going to hurt come Monday and Tuesday.
get rid of those pictures. uhgggg how embarassing. Who decided to post them ? to benefit BIGN shareholders. If I saw that, that's a big red flag to me plus the guy said the office was empty, a desk, a chair, a phone, no posters, no pictures, nothing on the desk. what in God's name are these pictures doing here ? Get rid of them...please
flipfloppinpays. Tyche only has so many shares authorized and outstanding. Leading into the paydate for the stock divi, increasing the number of BIGN shareholders would not increase the amount of Tyche stock at that point. It's all working within fixed parameters so I don't get what you are saying. The reason for the stock divi was to grant Tyche the minimum number of shareholders so it could eventually trade publically. That was their intent. It is suspicious however, that the LOI's were all announce during that two week period leading into the final pay date for the Tyche dividend but I don't think it's related at all. Tyche has 100M +/- shares outstanding. Current BIGN holders hold 10% of that stock, BIGN itself owns 27% which means current BIGN holders own 27%. The 63% remaining I'm assumi33mg is owned by insiders.
flipfloppinpays why would it be bad for BIGN holders ? I know they ran the LOI's into the divi pay date, but however this deal goes through it's going to be better than sitting here at .02 cents ? regardless of what security we own Tyche or BIGN. If we own Tyche and no more BIGN, Tyche should be valued accordinly to give is value. I just don't see it going bad for current BIGN holders like you are proclaiming it to be. Even if we get Tyche shares for our BIGN shares on a 1-30 rati again ultimately the value of Tyche should far exceed what we are looking at now. Stop trying to scare people into selling so you can load up for your next flip flop trade.
and nikki dude, you go away. I've been here much longer than you so please go take your 33,000 shares and sell Monday and go over to XKEM
moderator. please remove the pictures of the HQ. It's frankly embarassing and who is saying the offices are empty ? Just a desk a chair and a phone. What is this a boiler room pump and dump operation ? I'm surprised the address was even found or worse could have been someones garage or a garage bay with a spring loaded door. This is embarassing. Remove the pictures, please. We don't need to scare away more potential investors.
debt-equity swap. Could this be how they plan to pay for the East Texas LOI ? Hypothe...
They cancel all BIGN common shares.
They issue all current BIGN shareholders more restricted Tyche shares, this time they pay out the remaining 27% in shares. So if last time, you got 500,000 Tyche shares, this dividend you'll get slightly less than 3X that amount. Tyche issues 13% of it's shares to the seller of the East Texas LOI. Rowe and Bonhomme retain 51% of Tyche. The seller of the East Texas LOI is permitted to start dumping his 14M shares (unrestricted). Bonhomme and Rowe start dumping. Meanwhile the 37% converted from BIGN are all restricted and we still won't know for how long. Either way, TYEG will be trading at a value equal to the value of Tyche, BIGN and the East Texas LOI IMO 50M market cap, 10M BIGN, 10M Tyche, 30M for the East Texas Company. That's .50 cents per share. I'll have close to 2M shares of Tyche worth 1M bucks. Still better than where we are now. My 16M shares are worth 320K.
BIGN owns 27% of Tyche after the dividend was paid. BIGN paid 10% out in the form of a dividend. It was calculated that Tyche has 100M shares in it's O/S. The dividend paid out approximetely 10,400,000 shares of Tyche based on BIGN's O/S 312M. 1-30 ratio. So BIGN still owns roughly 27M shares of Tyche.
The $3.50 price tag on Tyche is meaningless. The stock is not trading yet. Even still, I doubt the market will value the stock at 300M dollars when it starts trading. BIGN is valued at 5.65M presently. I do think, however, Tyche will command a 5-10M market cap once it begins trading. The divi shares are restricted and we do not know for how long. Could be 10 years. No details were ever given on this issue either thanks to management. At .10 cents for Tyche, that's a 10M market cap my divi shares will be worth around 50K. Not bad for a stock gift. I think the East Texas LOI is going to be funded with Tyche shares, we shall see.
WWNG looks like a strong buy now after stockster dumped 3M shares given to him for free to hype the stock. They obviously diluted to pay for Tubbs, but the selling appears to be over now. This is a good sign that Tubbs will come to reality when you see cold evidence of WWNG being diluted .14 to .06. Now they have the cash to proceed lets see what they can do with it. Once Tubbs hits the wire stock should easily rebound to .10 - .15.
BIGN is a mystery right now. Nobody knows whats going on. If and when the East Texas LOI is closed, I know Tyche is part of this deal in a big way. I just hope current BIGN shareholders are not given more restricted Tyche shares in exchange for a debt-equity swap of their current BIGN shares. The East Texas LOI is a great thing, but many are worried about subsequent share structure / dilution that will most likely occur. Again no details, totally in the dark. Rowe and Bonhomme are using BIGN to build up Tyche. I don't think they really care about the current BIGN shareholder base.
BIGN gonna rock to infinity and beyond....(:
hope so, but I think expecting news next week is too much to ask for from this company. I expect it to come before the end of the month at the latest. Any longer than that we can assume we have only Grimes cooking. This is my signal to sell and move on. I can easily double or triple my money within 2-3 weeks after selling this so if I miss out on any gains so what. BIGN is been terrible to me and I won't look back once after I'm out. The oil sector / refiners all took 20-30 hits this week, anymore down they are extreme strong buys. FTO at $28 ? DK at $18, VLO at $51 any lower do a mon back
furtcash - still don't think it's going to be " Tyche Energy " ? What are your thoughts about Tyche moving HQ to Dallas ? Very strange move, but not strange when you find BIGN and the East Texas LOI company within a 90 minute drive. Your tight with Bonhomme and Rowe, what have you heard ? I hate when IR downplays the deal saying it could fall apart when last week I was told it's a done deal would have closed if this new development did not happen. How can this new development cause the deal not to close now ? It's only additional land and leases. Why can't the company just come out and say it's a done deal details TBA instead of we are working to close the funding source. I'm hearing the funding source is Tyche, they are putting up the shares and getting the money. I just hope we don't get some kind of share swap BIGN for Tyche shares in this deal, but that could happen to give the lender the majority of the shares. They will immediatedly be sold as usual to cover the risk of the investment, however I was told this was not going to happen either. It's all debt-based financing secured by real assets. We shall see soon enough or not soon enough. The waiting really stinks, I just wish we could get a timeframe. Something tells me Lancaster wants it to close before the end of September so he can get this revenue on the financials for 2006 4th Q so the annual report looks impressive for newbies.
I like "Archive Oil and Gas" discovering archived oil and gas from energy deposits shutin or previously abandoned. Our mission is to exploit these assets with low risk up front costs to maximize short term shareholder value.
Or "Augment Natural Gas & Oil Company"
nosey look at the chart, unless your flipping 500K around on each rise it's been dead money for almost a year. In May, I was up 115% on my position. Today, I'm down 38% on my 16 million shares and not happy. I've been red for almost a full year now with these little climaxes met with extreme selling. I really hate this stock and wish I had sold too back in May. I think this company is all smoke and mirrors now after I was mislead by IR. They are lying now. I know they want to remain optimistic but this is taking too long and they know it. Something just does not smell right here anymore. Starting to smell like fraud.
he told me they were close, "deal was done". Nu properties would not stop deal only enhance it. Nu properties were not to delay it long or so I was told. Another lie. Going on 6 trading days since we expected deal to close. Unacceptable and irresponsible. We should know something and not to say anything fuels uncertainty. Uncertainty fuels selling.
god..now these analysts are saying $40 oil in two months due to the large find in the Gulf. Where do they find these manipulators ? How can they let them on TV ? $40 oil in two months.....can you beleive this crap....
I got the impression that Gary did not even work for BIGN. Because he was like "what company are you calling about" and I said BIGN and he said I don't have anything to do with BIGN. I said huh ?
somebody posted Gary's number here so I called. First I waited 5 minutes to speak to him then he answered the phone and said who is this ? I said I'm in investor in Biogenerics. He said "how did you get my number, are you one of those crazy investors from that freakclub called IHUB". I said no and just want some answers and Boyd is not giving them to me. He said Dale Boyd is IR for BIGN and you should call him. Click. That's how it ended.
Gary who ? The guy in Texas. He's a real arse. He told me to call Boyd and hung up on me.
all I can say is this. If this deal is going to close Lancaster is going to try his hardest to get it done by Sep 30 because of the new quarter. BIGN must get ETLOI on the books for 4th Q and start reporting financials again. With four wells live at Grimes, Charring Cross, ETLOI, and tentatively Tubbs, we could be looking at almost 3M for the quarter in NG and Oil sales.
Each quarter they should be able to add at least 2 wells to their inventory. 8 wells per year, conservative. Revenue ?? Unknown due to flow rates being unknown.
I have a good feeling that Tyche is involved with this deal is some form. Why else would they move to Dallas when all of their operations are in Michigan and Ontario ? BIGN still owns roughly 28% of Tyche, they gifted 10% when they paid the dividend. I think the lender is receiving Tyche shares and some BIGN shares as well. However, IR has said to the contrary. I just cannot see how the purchase can be comnpletely debt-based financing when BIGN has no cash. So one we get the news about the deal closing we must then worry about how it affects share structure ultimately in the new company. I think we're going to see a four way merger between WW Oil and Gas, Tyche, East Texas Company, and BIGN.
grati - you trying to scare people into selling with those office observations. Next thing you'll be saying is there was no furniture and about 30 phones were lined up on the floor. Two freaking people work there, what do u want ? Is this where Lancaster is supposed to work or Boyd ? If it's Boyd I can understand because the guy does S_it and knows S_it. That's why it's so clean.
ETRD and DOMS moved ask to .041. Just need NITE to get off now at .021 I can see the games they play. They sit on the bid all day and press the ask. Once they get enough shares they jump to the back of the ask and wait. We are close. So close to a rise. News is close.
PEOPLE READ - Level 2 is showing two sellers at .02 and .021. The next ask is at .022 but is thin. .04 is next.
Two market makers at .019 one just dropped off when some idiot dumped 150K at bid. One at .018 and one at .016.
I think if the ask can be chewed up through .021 we can easily push past .022
Oh I said 7 children I have. I have two sets of twins, 2 years old and 6 mos old. Then 6, 14, 15. Being away from home working on rigs in the gulf must have improved my sperm count with back to back twins. Boy/girl each time too, fraternal.
I miss the work though, it was great watching new platforms flip upright when they fill up with water, only to become a city 100 miles offshore and 300 feet over the water. Talk about solitude. Food was great, we had the best chef. He would make fresh caught blacked mahi mahi sandwiches with fries, turkey, steaks, leg of lamb, it was awesome. I miss the food also. I worked on six different rigs for over 8 years during my last years at Conoco.
talked to IR again today. Said the deal could close as early as Friday but again details keep pushing it out. I think it will be announced Wednesday of next week, IMO.
42 years old
BS Engineering
MS Mathematics
Employed by Conoco Phillips for 18 years until just last year. I was ona ri in the gulf right before Katrina hit and storage tank of hydromethylpolyxenesulfate exploded when some dummy with a crane decided to lift steel over the tank. It broke and smashed onto the storage tank. As soon as the liquid hit O2 it exploded. The shock wave ripped my arm right from my shoulder socket when I went to cover my face from the blast. I lost my arm in the explosion and suffered burns over 40% of my body. I was lucky because 2 poeple lost their lives and 10 others were injured more severely than me. I was compensated nicely and now retired drawing a $5800/month pension from COP. Have seven children, ages 15, 14, 6, and twins 6 mos old.
BIGN would be .10 NOW if
they changed their name
kept up with financials
clarified Grimes results and expectations for 06'/07'
I can name at least 10 companies having revenues equal to that of BIGN that command market caps 10X greater. Why ?
The answer is because we sit here at .02 because of crappy management and lack of execution. Just clarification does wonders. We do not even get that.
Once thing I can say is if we continue with this dismal volume something is going to have to give soon. Either they bring it down or bring it up, something must give to get the volume cooking again. Just no buying interest lately.
Strange. Guess people are worried about not being able to flip.
execellent post.
Thus, I believe, BIGN can trade regularly in that pps area IF: the LOI is completed; a name change occurs that CLEARLY identifies itself as an O&G play; they then severely pick up the pace on the GRIMES wells and PR the results as often as possible and highlight CLEARLY all of their potential sources of O&G revenue in the future; and finally, get on at least the OTCBB and become FULLY reporting.
1. LOI East Texas (this month)
2. Tubbs (this month)
3. Grimes (this month)
4. Name Change ?
5. Tyche ?
6. WW Oil and Gas ?
7. West Texas ?
8. Arkansas ?
9. Louisiana ?
10. Outline everything in production / flow rates etc.
11. Outline everything leased or owned / reverves proven
12. Outline immediate objectives
13. Outline revenue projections
14. Move to OTCBB, audited financials, fully reporting
I just think #1 is enough to kick start this stock and push it to 30M market cap. Then all the rest. Ridiculously undervalued.
IGPG has a market cap roughly 3X BIGN's. So in comparision to BIGN's PPS, IGPG's price is really only about .05-.06 cents.
wolf why would unsoliciated help us ?
ALERT : WWNG rising on unusual volume. I think thi sstock has bottomed and finished diluting for Tubbs. Could easily double. BIGN should follow since BIGN owns 50% of WW Oil and Gas, a wholly owned subsidairy of WWNG.
I think if BIGN gets 100 calls each day saying where in heck in the LOI they will move faster. Boyd told me it's in the lawyers hands now between the funding source and buyer/seller. How long can this take ?
looks like another boring day of low volume. Yesterday was the first day under 1M shares in a long long time. Very strange how the volume went from 7M to 700K just like that. It shows you the selling is over, most got out Thursday and Friday, and Tuesday. Now all we need is somebody to start pounding the ask as if he were pounding a 105lb virgin.
easy people. Stop with the attacks please. What have I done now ? and you say I'm schizo...geez.
I have a question. When the bid is .019 and ask is .0215 how can a buy go off at .02 ? How does this happen. MM trading between themselves ?
what's this promoter talk ? Are u saying you called BIGN and they told you Lancasters office is the promoter ? what the hell. Hope they don't do something stupid like WWNG and give the stockster 3M shares to hype it up. What were they thinking ? WWNG got crushed due to that and it was obvious they were selling shares for Tubbs at the same time.
buy at .0215 or sell at .019 It's your choice. You can never get an execution at the bid with this kind of volume. At least today we have strong support (for now) at .019 3MM's on the bid. 2 on the ask at .0215 but shares are thin on the ask.
many longs on this board have disappeared, probably sold when that last PR hit the wire. "sachi" is gone, and a few others and I know ther were holding large positions >=2M shares. BIGN fell almost 50% so far since the press release. IR is not being very honest and feeding bad information to shareholders. The delays have taken it's toll with issues of shareholder respect and management credibility. Lancaster was supposed to change all of this in May. The chart looks like a zero gravity roller coaster, up/down up/down, obviously nobody but flippers here. When and if someone with balls decides to take a few large positions, this stock has just enough present in the float to cause this type of downturn. Unless something changes here fast I think this stock may actually be a loser. I was hoping for a winner. The delays and excuses should not be tolerated by shareholders thus the punishment of the stock price. Until we get another 20 million shares locked into strong hands this baby goes nowhere. Even with great news the flippers will crush it. Maybe time to lick the wounds and move on. I'll give them two more weeks to deliver on the LOI, otherwise I'm out.