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Sold yesterday when news dropped but sign me up!
Werent we supposed to have 2Q earnings filed today? I dont see them. that could be a bad sign.
One would think 2Q earnings soon. Hope they put out some kind of PR to go along with them rather than silently file them. Will this company ever put out a PR again?
i’m still here guys. not to worry. just twiddling thumbs and waiting for a word from the company I own shares in again. not sitting by the phone. not acting desperate. no way.
did have a filing of an ascribe director resign but nothing telling on that.
earnings could be this week or next. my wishlist is for a pr on debt restructuring, followed by solid earnings/guidance. i am a good dreamer.
Has anybody compared Key’s evaluation to that of Basic? I have not but it would be an interesting exercise. There are some relevant comparisons and insights from their Q1 earnings commentary. Notably trend of pricing increases, rig count activity, etc
https://apple.news/AWY_MSHJfR_iqYhx4jkvDMw
hey, glad to know you are out there creede. company is on super seal team six sleeper mode and wont update shareholders about debt restructure so it is scary but i know they are also quite busy with oil prices recovered and they are trying to hire a lot of people. thats all i really got.
up to 0.26 on no volume. this thing could really fly if they released some good news on debt and vision for profitability.
bottle rocket fuse is lit and sparkling but still in the bottle. it could fizzle or launch at any moment.
need opec to keep the band together to support oil prices long enough to give us a few solid quarters.
i am typing this to the only other person on this board. my man littlej. is anybody else out there lurking?
A trickle of volume today. The fuse is lit. Better watch; probably a bottle rocket quick pop and not a falcon9 but even a bottle rocket can be exciting
Interesting. Looks like moves are being made to work with noteholders and make it easier to divest and monetize some non-core assets. Still not sure what the end-game is here but I get a very slight positive feel from it.
Two new recruiting type videos were posted to Basic’s Linkedin account this evening. They are pretty well done. I cannot paste here but just go to LinkedIn and search basic energy services and scroll down to recent activity and you can watch them. Hopefully the start of some communication…but that is probably wishful thinking. Good to know they are serious about hiring though.
all it would take is a small spark to get this thing to pop. one small positive PR to show that they still exist. they need to strike while oil has all this mo-mo.
Does anything about this article say Basic should be a dime stock? They cant claim they are broke when the outlook is rosy…can they?
https://www.digitaljournal.com/pr/hydraulic-workover-unit-market-size-to-grow-11-0-billion-by-2025
the silence has to end soon. i really should sell what I’ve got but I just have to see how this ends. so we wait…
absolutely amazing Paul revived this from the dead. we've been to that movie before and ending was terrible. sequels usually are not any better but i do believe a run on the stock price could be possible as they media blitz a new application of spooztoolz for crypto. i'm not saying the tool will work or be revolutionary but it might be unique enough to create some hype. that potential alone should set a new support level here and maybe today is the first sign of that. i was not expecting this development. not the instant gratification that some were hoping for in a RM but much better than this being raised from dead so somebody could liquidate. i see it as a positive development for everyone holding shares. i am still out but watching.
hmmm, didnt have time to read in detail but this looks like restructuring. if so, how bad will current commons get the shaft and is it better or worse than $0.11 per share.
https://ir.stockpr.com/basicenergyservices/sec-filings-email/content/0001104659-21-060369/tm2114324d1_ex10-2.htm
interesting that they also gave cfo hurley a larger severance structure
There is a new filing about new loan agreement for $10M. Appears they are gearing up to try to make the $16M debt payment which is why there is a little buying pressure today. Still no official news, and there is actually a WSJ article about them filing bk, so tread with caution but I see the new filing as a positive and they might have a path that avoids bk. fingers crossed.
With the announcement of increased severance for CFO today, along with property sale, I’m starting to wonder if you are spot on with the chiefs trying to walk away from camp with the spoils. I cant figure out what is about to happen on this one. Sold some to reduce exposure but still holding some of this dead weight.
Why liquidate assets(frac tanks, trucks, swd wells announced last week for $6M), sale-leaseback of property and Cali today for $10M? Are they making payment or going bk? Too much drama
Could be some much needed good news. Hoping they made this decision to sell noncore assets and restructured with bondholders and are making payment and us common shareholders live to fight another day!...fingers crossed, knocking on wood.
https://www.businesswire.com/news/home/20210427006177/en/Basic-Energy-Services-Agrees-to-Sell-Non-Core-Assets
I like your simplicity and my gut says you are correct. They seem to be signaling that they are about to hand the whole company over to Ascribe. Sad story with activity outlook picking up and their W TX water disposal business had real value. If they, management, were aligned with shareholder value instead of being in survivor mode they would have sold some components of the water disposal business to make payment and live to fight another day. I'm still holding a few to see if they can pull off a hail mary but I've written it off as I think the writing is on the wall.
I dont know, just always had my brokerage account with them and now have multiple 401ks through them. Normally not dealing with penny stocks but maybe if I do more of this I'll need to open an account elsewhere.
I called Fidelity and they actually said they cannot lift the restriction. They apparently do not allow buys for "pink sheet - no information" listed stocks. Anybody with fidelity find a way around that?
I feel like I just went to the casino ATM and my card got denied. LOL. Prob for the better but if this runs to a penny I'm going to send them an invoice.
I plugged in a buy order just to test my Fidelity buying ability and got the no trade message that someone else had posted last week. Do you have to call to get them to lift it. Not saying I am buying back in but want to have the option.
I am still watching as I sold but am intrigued. I was thinking a lot this weekend about what a logical buyer would do who was trying to soak up all the shares, one who didnt have a deadline. They would let this sink back down and then make another run at it. However, the timing of this entire event has also been interesting in that it happened before Easter on a short trading week and long weekend. To me, that maximizes exposure. So did the buyer spend all their ammo already or are they waiting for the excitement to die down and about to get their wallet back out? We should get that answer rest of today and tomorrow. 183M share volume so far in first hour is still a lot of volume.
Tapped out at 0.003. What a blessing and closure to end up making $10k on what was a terrible investment. Feels like I made $30k with the 20k I had sunk. Lost it young and dumb but the universe gave it back. I technically have 150k shares left so might leave it and will follow along.
I wish you all something great here.
Checking back in, put a couple 2MM sells in at 0.0016 that filled. Have another sell order at 0.0017 that has not filled. Seems buyer getting picky. Dont hate on me for selling some. I am trying to make a profit on a 14 year hold investment. lol. Trying to leave some in the account for a lotto ticket if I can sell enough to get to even.
Still holding. Interesting action. Still trying to figure out if this is legitimate or not but no way to know. If you wanted to buy all the shares up, doing it on short week while a lot of people spring break distracted would be a good time to do it. It is also not lost on me that today is April Fools...lol
Unfortunately have to work today and cannot stay glued to my account.
Was asking buy volume & buy $ only
Does anyone have an estimate of how much value of shares were purchased today? Dont remember if on L2 you can see buy volume and avg buy price. Just curious how much money was injected into this today.
Its a past that nobody wants to relive. All that matters is Spooz 2.0, the reboot.
Was it a flash in the pan or the start of something sustainable. I will have popcorn popping for tomorrow morning.
Wildman, another OG, i am having trouble coming up with a theory on this one. I think I'm going to see what happens tomorrow.
Yah man, I hadnt logged into IHUB in forever but when I checked my brokerage account today I came straight here. Sure enough the board was still active. I've been through 3 girlfriends and 2 houses but IHUB Spooz is back in action baby.
I have not posted on this board since 2006. LOL. WTF is going on here. Had 16 mil shares sitting in my account that I could never figure out how to get Fidelity to get rid of and now they all of a sudden have value again. Want to sell but since this is purely house money think I might see if it is more than a 1 day miracle.
anybody know where this recent volume is coming from? perhaps its the company buying back as part of the $1M commitment...?
"The time of the purchases and amount of stock purchased will be determined at the discretion of management subject to market conditions, business opportunities and other appropriate factors and may include purchases through one or more broker-assisted plans and methods, including, but not limited to, open-market purchases, privately negotiated transactions and Rule 10b5-1 trading plans. The share repurchase program will expire on March 31, 2017"
if the map viewer works on first link just zoom out and scroll to wherever it is you are interested in. not sure if it includes any offshore wells
brownwater, you can try searching drilling permit records online on texas railroad commision website, if you are looking in tx. navigating the website is messy but i think you ultimately want to get to the api map view. see if this link works...
http://wwwgisp.rrc.texas.gov/GISViewer2/index.html?api=00132758
if not try...
http://webapps.rrc.texas.gov/DP/initializePublicQueryAction.do
you cant search by lat long but put in county up top and then approval date range on bottom(just input a range of about the last 0.5-1 year) and search. the result of your search will be a list of approved drilling permits for that county and you'll have to click on one under lease name. the location info of most use will be the distance and direction from nearest town under surface location information...or if the well has info loaded in the map viewer click on the map icon under API #
are you talking about figuring out which oil companies own leases or who the mineral owners are? also, are you talking about TX specifically?
what does a.i.s. stand for?
Can we get a buck? Been around long enough to be skeptical but I still hold some. Anybody know if they'll be at OTC this year?
Ya but it was at this level about a week ago on the way down. Good work if you timed it right and caught the knife by the handle.