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Press release - New to the the "About Doral Energy" section is what they are currently producing on The Hanson properties: "Doral's first producing assets, the Hanson Properties in Eddy County, New Mexico, located in the northwestern Permian Basin of New Mexico, are currently producing 135 BOEPD." "At least we are getting a dribble of info."
Press Release
Doral Energy Corp. Corrects Accounting Treatment of Assets Sold During Fiscal 2010
Doral Energy Corp. Corrects Accounting Treatment of Assets Sold During Fiscal 2010
Oct. 21, 2010 (GlobeNewswire) --
MIDLAND, Texas, Oct. 21, 2010 (GLOBE NEWSWIRE) -- Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), announced today that it has corrected an accounting anomaly while preparing Doral's 2010 Fiscal Year End Financial Reports. The Company has determined that the accounting treatment of the "assets held for sale" reported in its unaudited financial statements for the interim period ended April 30, 2010 used the incorrect accounting treatment. Management has determined that under Full Cost accounting, the sale of the properties reported for the period ended April 30, 2010 does not meet the criteria for "assets held for sale" or "discontinued operations".
Correcting the above referenced accounting treatment will result in no impact to Net Income for the Relevant Period.
Doral will seek to restate the following reporting periods, as soon as practicable:
* 10Q – Three Months Ended April 30, 2010
E. Will Gray II, CEO & Chairman of Doral, states, "Management has worked diligently to prepare our year-end financial audit to properly identify this accounting anomaly. We are pleased the there will not be no impact to Net Income as a result of this discovery and we believe we will deliver the most accurate financial reports to Doral Shareholders."
About Doral Energy Corp.
Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Doral's first producing assets, the Hanson Properties in Eddy County, New Mexico, located in the northwestern Permian Basin of New Mexico, are currently producing 135 BOEPD.
Further Information
Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergyCorp.com for more information.
On behalf of DORAL ENERGY CORP.
Everett Willard ("Will") Gray, II
Chief Executive Officer
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. In particular, there is no assurance that Doral will be able to re-finance its current credit facility or acquire any future properties.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.
CONTACT: Doral Energy Corp.
Brad Holmes
(713)654-4009
Cell: (713)304-6962
b_holmes@att.net
Nine Greenway Plaza, Suite 550
Houston, TX 77046
Source: Globe Newswire (October 21, 2010 - 3:59 PM EDT)
News by QuoteMedia
DRLY(.031) Doral Energy Corp. Signs Letter of Intent to Sell Certain Permian Basin Assets to Alamo Resources, LLC
Doral Energy Corp. Signs Letter of Intent to Sell Certain Permian Basin Assets to Alamo Resources, LLC
Apr. 20, 2010 (GlobeNewswire) --
MIDLAND, Texas, April 20, 2010 (GLOBE NEWSWIRE) -- Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company") announced today that it has, with the approval of its Board of Directors, executed a letter of intent for the sale of all (100%) of Doral's interests in the Hanson Property oil and gas assets located in Eddy County, New Mexico to Alamo Resources, LLC ("Alamo Resources"), a private oil and gas company based in Houston, Texas. Total consideration for this transaction could reach $11.5 million, with $10 million payable at closing and an additional $1.5 million in incentive payments to Doral upon certain production milestones being met over the first 24 months. Doral will execute definitive binding agreements with Alamo Resources on or before April 30, 2010. Closing is anticipated to occur on or before June 15, 2010.
Upon execution of a mutually acceptable Purchase Sale Agreement, and a non-refundable escrow deposit of $250,000 by Alamo Resources, the Company expects to receive an additional forbearance from Macquarie Bank providing the necessary time to close the transaction. The letter of intent does allow Alamo Resources, LLC to extend the closing date to July 15, 2010 with an additional non-refundable escrow deposit of $250,000.
This transaction allows Doral to fully pay its existing debt facility while leaving the Company with a cash surplus allowing Doral Energy the potential of acquiring additional oil and gas assets within the Permian Basin. Doral Energy will remain an oil and gas operator within the State of New Mexico and seek to acquire under-valued assets within this region of the Permian Basin as well as within Texas. Doral will additionally seek strategic partnerships with other partners in order to diversify potential acquisition investments as well as diversify its risk propensity.
Management Comments
E. Will Gray II, Chairman & CEO of Doral, states, "Management has worked tirelessly these past months to explore numerous financial options such as re-financing, divesting of certain oil and gas assets or even joint venturing with an industry partner in order to satisfy Doral's outstanding debt obligations to Macquarie. During this decision making process, Management met with numerous energy lenders and potential financial partners. In light of the proposed terms and conditions associated with these options, we chose this route believing it was in the best interest of our shareholders." Mr. Gray further said, "This divestiture allows Doral to satisfy all outstanding debt with Macquarie as well as all trade debt currently associated with these properties while providing the Company with a positive cash balance after the divestiture. We have been negotiating several potential producing property acquisitions and expect to use a portion of our cash surplus in order to facilitate one of these acquisitions thus potentially allowing the Company to participate in the recent increase in crude."
C. K. Cooper & Company served as financial advisor to Doral Energy in relation to this transaction.
About Doral Energy Corporation
Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. In particular, there is no assurance that Doral will be able to re-finance its current credit facility or acquire any future properties.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. In addition, the Company has not yet entered into binding agreements with Alamo Resources LLC or Macquarie Bank Limited and there are no assurances that the Company will do so. Additional information on risks for the Company can be found in the Company's filings with the U.S. Securities and Exchange Commission.
CONTACT: Doral Energy Corp.
Brad Holmes
(713)654-4009
Cell: (713)304-6962
b_holmes@att.net
Nine Greenway Plaza, Suite 550
Houston, TX 77046
Source: Globe Newswire (April 20, 2010 - 8:02 AM EDT)
News by QuoteMedia
News - Signs Letter of Intent
Doral Energy Corp. Signs Letter of Intent to Sell Certain Permian Basin Assets to Alamo Resources, LLC
Doral Energy Corp New
DRLY | 4/20/2010 7:15:22 AM
MIDLAND, Texas, Apr 20, 2010 (GlobeNewswire via COMTEX News Network) --
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company") announced today that it has, with the approval of its Board of Directors, executed a letter of intent for the sale of all (100%) of Doral's interests in the Hanson Property oil and gas assets located in Eddy County, New Mexico to Alamo Resources, LLC ("Alamo Resources"), a private oil and gas company based in Houston, Texas. Total consideration for this transaction could reach $11.5 million, with $10 million payable at closing and an additional $1.5 million in incentive payments to Doral upon certain production milestones being met over the first 24 months. Doral will execute definitive binding agreements with Alamo Resources on or before April 30, 2010. Closing is anticipated to occur on or before June 15, 2010.
Upon execution of a mutually acceptable Purchase Sale Agreement, and a non-refundable escrow deposit of $250,000 by Alamo Resources, the Company expects to receive an additional forbearance from Macquarie Bank providing the necessary time to close the transaction. The letter of intent does allow Alamo Resources, LLC to extend the closing date to July 15, 2010 with an additional non-refundable escrow deposit of $250,000.
This transaction allows Doral to fully pay its existing debt facility while leaving the Company with a cash surplus allowing Doral Energy the potential of acquiring additional oil and gas assets within the Permian Basin. Doral Energy will remain an oil and gas operator within the State of New Mexico and seek to acquire under-valued assets within this region of the Permian Basin as well as within Texas. Doral will additionally seek strategic partnerships with other partners in order to diversify potential acquisition investments as well as diversify its risk propensity.
Management Comments
E. Will Gray II, Chairman & CEO of Doral, states, "Management has worked tirelessly these past months to explore numerous financial options such as re-financing, divesting of certain oil and gas assets or even joint venturing with an industry partner in order to satisfy Doral's outstanding debt obligations to Macquarie. During this decision making process, Management met with numerous energy lenders and potential financial partners. In light of the proposed terms and conditions associated with these options, we chose this route believing it was in the best interest of our shareholders." Mr. Gray further said, "This divestiture allows Doral to satisfy all outstanding debt with Macquarie as well as all trade debt currently associated with these properties while providing the Company with a positive cash balance after the divestiture. We have been negotiating several potential producing property acquisitions and expect to use a portion of our cash surplus in order to facilitate one of these acquisitions thus potentially allowing the Company to participate in the recent increase in crude."
C. K. Cooper & Company served as financial advisor to Doral Energy in relation to this transaction.
About Doral Energy Corporation
Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. In particular, there is no assurance that Doral will be able to re-finance its current credit facility or acquire any future properties.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. In addition, the Company has not yet entered into binding agreements with Alamo Resources LLC or Macquarie Bank Limited and there are no assurances that the Company will do so. Additional information on risks for the Company can be found in the Company's filings with the U.S. Securities and Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Doral Energy
CONTACT: Doral Energy Corp. Brad Holmes (713)654-4009 Cell: (713)304-6962 b_holmes@att.net Nine Greenway Plaza, Suite 550 Houston, TX 77046
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Production update
Avro Energy Production Update
Avro Energy Production Update
Apr. 16, 2010 (GlobeNewswire) --
VIVIAN, La., April 16, 2010 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE) is pleased to provide the following update with respect to its current oil production on its wells in South Arkansas and North Louisiana. The Company has worked diligently over the first quarter of 2010 to increase its production through its workover program on its wells.
Avro Energy's Current Oil Production Rates
As of today's date, the Company is producing approximately 40 barrels of oil per day.
The Company anticipates increasing this production through the coming quarter as it continues its workover program in South Arkansas.
Corporate Focus
The Company is continuing to design its recovery efforts to optimize the ultimate potential at each lease, and with that in mind, is continuing to follow its business plan of producing its core assets in South Arkansas and North Louisiana. The Company's concentration is on the Company's deeper wells in South Arkansas and acquiring additional deeper prospects in the area for the purpose of increasing the Company's production and cash flow.
Avro Energy's Well-Logging Strategy
The Company feels that significant potential exists for producible uphole zones in its current wells based upon the well logs for these wells.
The Company has reviewed well logs from its wells in South Arkansas with a qualified petroleum engineer and the Company has decided to run a well-logging program which will involve through-the-pipe logging. This is being done to identify potential zones of interest that were not identified in the original logging of the wells. This technique has been used by operators to identify new potential zones of interest and some success has been made in the United States by different operators using this program.
After reviewing the through-the-pipe logging data, it is the Company's plan to perforate the zones of interest with the intent of increasing production.
Avro Energy's South Arkansas Deep Wells
As per its previously disclosed purchase agreement, Avro Energy is currently receiving production in eleven producible deep oil wells located in South Arkansas. Seven of these wells are currently in production with the other four capable of production after workover operations. In addition, the Company has three disposal wells. The deepest of these wells produces from the Smackover formation at 7800 feet, which fits with the Company's plan to look at deeper horizons for zones capable of larger production. The producing wells are productive from the Rodessa, Paluxy, Pettit, Smackover, and Tuscaloosa Formations.
The Company's overall plan is to recomplete all of its current wells. Review of well logs and other information obtained by the Company leads management to believe that there are uphole zones of interest that can be brought into production by perforating these prospective hydrocarbon formations in most of its wells. The Company has reviewed well logs from other deep wells on its leases and is of the opinion that each of the wells has the capacity to produce from uphole formations. To that end, the company's work program will include the latest technology to log these wells through-the-pipe and to determine how best to increase production from the Company's leases.
About the ArkLaTex Oil-Producing Region
The ArkLaTex is a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The region is centered on the Shreveport/Bossier metropolitan area in Northwest Louisiana. The region's history is heavily linked with the oil industry. The geology associated with the deposition of sediments from the Mississippi River, in particular, makes this area an abundant source for the oil and gas industries, which leads to the high levels of oil production within the region.
About Avro Energy, Inc.
Avro Energy Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties, and providing oilfield services, primarily in the ArkLaTex region of North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners, with the eventual goal of becoming a junior oil and gas company.
More information about the Company is available at its corporate website at http://www.avroenergy.com. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to info@avroenergy.com.
Safe Harbor Statements
We may use certain terms in our press releases and on our website such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "retained," "valuation," "potential." "interested," and similar expressions are used to identify these forward-looking statements. You should not place undue reliance on forward-looking statements in this press release. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml. The OTCBB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.
CONTACT: Avro Energy, Inc.
Donny Fitzgerald, Director
318-734-4737
info@avroenergy.com
www.avroenergy.com
Source: Globe Newswire (April 16, 2010 - 5:24 PM EDT)
Zino It was done for CNBC by David Pogue of the New York Times in conjunction with an article he published March18. Here is the link to for the article in the NYTimes.
http://www.nytimes.com/2009/03/19/technology/personaltech/19pogue.html?_r=1
GLTA - R
It may be that AUTO came down from a higher ask and filled the order at the bid and then moved back up to where they where before they did the fill. I have seen this done by some of the MMs. It would have meant they were on the ask for about 30 seconds. Since AUTO is only there during trading hours I do not have a way to tell if it was them, but since they were doing most of the selling yesterday, it is my presumption that it was them. As to the fact that most of the trades where classified as sell, all it means that hardly any one was actively buying today. By that I mean that buyers had bids in, but were waiting for the price to come to them. Since there were over 8 million shares traded, it means, at least in theory someone sold over 8 million share of ONEV, and someone bought 8 million shares. As to tell how many of those shares traded hands between retail investors, that is harder to tell. I agree with you that the MMs or who ever they are working for can make this stock look really good or really bad according to what their goals are, and have been doing this lately. Lately the pressure has been on the downside. Hopefully this will change soon and they move it up again, so we are at a higher level when news hits. Glad Orielly got the shares and hopefully it was close to the bottom at this stage. Veno, thanks for all the good DD you have supplied to this board. Go ONEV and GLTA. A
Oreilly, looks like it was just a normal trade that went through. Scottrade routed your order which probably would have been a limit any part of order to NITE( which is the predominant retail MM). NITE then moved the ask up to .0016 to reflect your bid. Then someone decided to sell the shares to you at your bid and dropped their price to .0016. Because the sale went through at the bid it was classified as a sell. This was probably done through MM AUTO as they were on the ask or selling a good portion of the day. Could have been DOMS or HDSN using AUTO. The order was filled in parts as quite often happens. After your order was filled NITE dropped back to a bid of .0015 at 13:23 and stayed there for the rest of the day. GL and lotsa profits on your purchase.eom
Another day of MM manipulation!!! HDSN on the ask. The volume total is acting like a roller coaster. Bid gets whacked and volume total is up. Share total drops by 5 -6 hundred thousand within 15 minutes. Have seen it happen a number of times today. With HDSN on the ask most of the day , I wonder how big the after close adjustment will be. My bet is it will be at least 6 mil. GLTA
Lots of naysayers/bashers on this board with their own motives.. Do your own DD, and whether you are looking for something longterm, just a flip or a swing trade it may work for you. Take a look at their blog site as it will give you a good idea what ONEV has been up to. http://blog.onev.com/
Good close at the HOD. Broke the 200MA with some volume. Looking good! GLTA
Looks like L2 feed from OTCBB is messed up and only showing MMs that have changed positions from yesterdays close for Onev. Has occurred before and the rest will probably show up some time during the day.
Seasons Best Wishes and Happy Holidays to all Onev longs, traders and flippers, and may your profits be as abundant this upcoming year as the amount of snow we seem to be getting here in Canada. I guess also Seasons Bests to the bashers and hopefully all that negativity does not come back to bite you, at least not during the Holiday Season. - A
oreilly - deleted messages can be viewed by going into the tools section at the top left of the page. Then click on the "My Removed Posts" and I believe the admin that deleted the post also shows a reason for the deletion and you can argue the validity of the deletion. Sometimes they will put your post back up. If you wish to discuss with administration you can go to The Question and Answer (Matt) Board.
http://investorshub.advfn.com/boards/board.aspx?board_id=504
Hopefully they are in a quiet period now and and will have a material event in the 10-Q(due by the end of next week) or a 8-K before it.
http://en.wikipedia.org/wiki/Quiet_period
http://www.sec.gov/answers/quiet.htm
New SEC NSS rules. Hope they really apply them this time.
http://www.sec.gov/news/press/2008/2008-204.htm
Not the first time they have done something similar.
http://74.125.45.104/search?q=cache:jpH4UIZdHSoJ:caselaw.findlaw.com/data2/californiastatecases/A096965.DOC+michael+haynes+david+jett&hl=en&ct=clnk&cd=9&gl=ca
or
http://caselaw.findlaw.com/data2/californiastatecases/A096965.DOC
Morley, if you go into anyones user profile and beside their membership type click on the icon and it should show a list of the different icons and explanations. eom
Thanks Dumo! Hope they can do it and make it work. Any more transparency than we have now should help.
Not worried about it, and maybe giving a half second to beat myself up over it. Just not worth the time and energy to do that. Just trying to get better at timing of when to buy into a stock, and increase my profit/chances for profit. glta
Morely - You hit the nail right on the head. I fully agree with your post and also choose to invest in ONEV and take responsibility for that investment. Looks like some great things to come, and as with a lot of small businesses, you work within your clients timetable and struggle to keep your head above water till the clients are ready to proceed. Onev appears to have a lot of good irons in the fire, and the potential for great revenue realization, and that is why I am willing to continue buying at these bargain basement(IMO) prices. Unfortunately I am not good at judging what the bottom is and every time I buy some, it goes lower a few days later. Probably a lot of people watching ONEV and once the PPS momentum changes direction they will come in. Hopefully that will be sooner than later.
I believe DOMS showed up on the ask at 9:36 am according to the level 2 at http://www.otcbb.com/asp/Info_Center.asp . Although I did not watch much during the trading day, my first thoughts of seeing DOMS back was how big an after hours adjustment we would have today. It just seems that when they are at the ask there are substantial after hour trades. Not sure what it means or what they are trying to do, it is just a pattern I have noticed. - r
DOMS on the Ask.
Looks like we are back to the same games we have seen before. DOMS sits on the ask all day. Volume is up, most sales at the ask. Price stays the same, and then there is a large share readjustment just after the close. Only thing that has changed from the previous days is DOMS on the ask. Looks like they tried to create the impression of increased volume(maybe someone knows something) to get some of the buyers that were waiting for the PPS to go lower to come in and buy at this level. Would like to see this volume(and greater) without the after hours readjustment. Then we may get some movement. Guess we will have to wait for some substantial news.
.0047 X .0055 and RCMI moved up to .007. Last trade at .0055 HOD. Looks like selling might be done and they are going to let it go up.
Probably the shuffling of shares between MM that usually we have been seeing a couple of minutes after the close. Seem when RMCI is sitting on the ask they are doing this just before the close, whereas when DOMS was holding down the ask they would do it just after the bell. Hopefully whoever is selling through RMCI and AUTO will be done soon. At least volume is picking up and the hopefully the increase is picked up by some volume alerts, and generates some more interest. Some substantial news would not hurt either.
Dumosdad, I believe you may be right.
There has been a lot of effort in getting rid of evidence of that post and anything to do with it. The board appears to be taken over by a group of bashers(as do a number of other IH stock boards I keep an eye on). If they are getting paid, the question is who else is getting paid? It is interesting that a realistic, articulate, well thoughtout post that put OV in a good long term light was killed. The bashers came out in full force today, whereas they were not around yesterday, and when the volume started to pick up a bit, and looked like it might break .007, RMCI came down and hit the ask, and stopped it. Seems like there are some forces here try to keep OV here or lower.
Dumo, oreilly - last one...
valuwolv, you are welcome.
In answer to your questions:
I follow the the technology and the industry in general, more than I follow any one company. I do not own stock in One Voice Technologies. I have not heard much on who OneVoice might be raising capital from. I suspect that it may be related to the MTNL program. I believe the projections were for ~ 1 million customers within the first two years, and would generate a base income of ~ .40 a head per month to OneVoice. Based on those numbers that's ~ 5 million $ a year, just for the basic service. That in combination with the other ongoing ventures may have some appeal to potential financiers. Modern India has a large base of technically astute individuals that are likely to embrace this technology. The current diversity and opportunities for their specific tech may be what is attracting interest
The testing phase of the MTNL program may now be running behind schedule. Live testing was to be completed by August 2008 originally. Though I do not think it is that far behind schedule. All the translation work to Hindu has been completed. Optimistic projections and time frames are the hallmark of this industry, and the IT industry in general. It is difficult to anticipate the problems that might crop up, until you start dealing with the nuts and bolts of the operation. With respect to India, this is all virgin territory, application wise, and is a process that will improve from implementation experience.
I believe the Telmex rollout is more complex than the Telnor portion. The Telmex stage includes offering the service to small business clients as well. The initial rollout to Telnor residential customers allows for subsequent reviews and modifications, if necessary, prior to a national program that will also have offerings to commercial clients. Since this is the first nationwide IVR program of its kind, I presume the initial focus is on getting it accepted and tweaked based on customer feedback etc, rather than on initially maximizing revenue. Telnor, I believe is offering the basic IRIS service for 50 Pesos. Upselling to value added services can come later. My guess is that revenue to One Voice is secondary in the begining to market penetration, and mass availiability, or at least it should be from a long term strategetic standpoint. You want to focus on making the service available to as wide a market as possible first, at any cost. If it is not available then it can never generate revenue.
Remember that Telmex has operations in the entire continent of South America. They are in Columbia, Brazil, Argentina, etc, to name a few. The America Movil wireless division has well over 100 million customers. In my opinion the focus will be on getting the basic service in wide initial use, the enormity of scale should deliver meaningful revenue. You want to get the service accepted and widely used at any cost first. That will serve as an innovative flagship that will generate a lot of interest. Carlos ran just about every US Telecom out of South America, and bought their assests for pennies on the dollar. He then invested heavily in infrastructure and made a fortune. The industry takes note of what his organization does.
How much early financial success this will bring to One Voice is yet to be determined, but they certainly have their foot firmly planted inside the door. There is no one else that can claim an equal or similar role, with as much market penetration potential.
There are no players yet in the speech recognition market that are even close to significantly dominating it. At the rate of current advances in hardware and related technology, it still favors the small guys. They are much quicker to develop applications, target niche markets that have potential growth, and adapt and respond to general trends. If you focus on being all things to all people you will end up being mediocre. Certain developed VR applications perform best in specific functions. There is no one size fits all, and there is plenty of room for multiple players in the industry.
I cannot tell within the industry who is a best bet and who is not, from an investment standpoint, that is not my area. I am attracted to correcting some of the grossly inaccurate statements on the technology. I find it humourous when lay people masquerade as experts in that field.
HDSN, ETRD, & AUTO are on the bid of .0085,
and if you wish to sell your shares at that price in the hope that the price will go down to .003 I am sure they would gladly take them off your hands.
WHAT IS YOUR SOURCE?
If you are going to post speculative negative suggestions about the status/success of ONEV's contracts, which may have an effect on the pps, please be more specific. Are you using the posts on the RB board as your source. As in your next post you claim "I have read this in several places and NEVER EVER stated it as fact.", Why are you spreading unsubstantiated speculation? Have you called any of the companies that may not be dealing with One Voice any more, and exactly what did they say.(quotes please) If you are a shareholder in this company, why are you spreading innuendo and unsubstantiated negative conjecture about the status of IRIS's uptake in Mexico as this has the possibility to hurt your said investment in this company?
Short interest shown is for the settlement date of 2/15/2008.
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
The next figure released should show short interest while ONEV is on Reg SHO Threshold List.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=onev#getShortInfo
Daisyobear! Thanks for the update. eom
SEC proposed naked shorting Anti-Fraud Rule
http://www.sec.gov/news/press/2008/2008-38.htm
SEC Proposes Naked Short Selling Anti-Fraud Rule
FOR IMMEDIATE RELEASE
2008-38
Washington, D.C., March 7, 2008 - The Securities and Exchange Commission has proposed to take additional steps to better safeguard investors and protect the integrity of the markets during short selling transactions by proposing a rule that would specify that abusive "naked" short selling is a fraud.
In a naked short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period for trades. As a result, the seller fails to deliver stock to the buyer when delivery is due. This is known as a "failure to deliver." Sellers sometimes intentionally fail to deliver securities to the buyer as part of a scheme to manipulate the price of a security, or possibly to avoid borrowing costs associated with short sales.
"This rule proposal will help protect and enhance the operation, integrity and stability of the markets in the clearance and settlement system, and also puts market participants on notice that the Commission will continue targeting abuses in this area," said Erik Sirri, Director of the SEC's Division of Trading and Markets.
The Commission voted unanimously on March 4 to propose a new rule, Rule 10b-21, that would highlight the specific liability of parties who deceive others, such as broker-dealers and purchasers, about their intention or ability to deliver securities in time for settlement and that fail to deliver securities by settlement date.
The comment period for the proposal will end 60 days from the date of publication of the proposed rule in the Federal Register.
News -
Have an iPod, MP3 Player or Zune? You need VoiceTunes!
Voice activate all your music - Just Say it to Play it
LA JOLLA, Calif.--(Business Wire)--
One Voice Technologies, Inc. (OTCBB:ONEV), developer of 4th
Generation voice solutions for the Telecom and Interactive Multimedia
markets, announced today the launch and immediate availability of
VoiceTunes(TM), voice activation for all your music. For the mass
consumer market of iPod, MP3 Player and Zune users, VoiceTunes is a
revolutionary product allowing you to play music by simply saying the
artist name, album, genre or your favorite playlist. It works with
iTunes and Windows Media Player on all versions of Windows XP and
Vista. MSRP $29.95. Download free trial version today. For more
information about VoiceTunes, visit http://www.SayitToPlayit.com.
"Just speak a command and VoiceTunes instantly plays your music no
matter how large your music collection might be," said Adam Fitch,
Director of Sales at One Voice Technologies. "Playing music has never
been easier - or nearly this cool."
About VoiceTunes
VoiceTunes is the ultimate companion to your digital music
collection. It works directly with both iTunes and Windows Media
Player. Just speak commands like "Play Rock Music" to enjoy music
without having to click through menus and folders. VoiceTunes installs
quickly and works right away, with no voice training required - Just
Say it to Play it!
With VoiceTunes you can say commands such as:
-- "Play Artist The Rolling Stones"
-- "Play Genre Rock"
-- "Play Playlist Party Mix"
-- "Play Album Gimme Shelter"
Features include:
-- Voice activate your entire music collection
-- Syncs with your existing iTunes and Windows Media Player
libraries
-- Instant voice recognition - automatically scans your entire
music library so there is nothing for you to set up
-- No voice training - amazing accuracy using One Voice
Technologies' patented 4th generation voice technology
-- Works with all versions of Windows XP and Windows Vista
-- Free 5-day trial with download
-- MSRP $29.95
Available now for download and coming soon through major
retailers!
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV) is the world's first
developer of 4th Generation voice solutions for the Telecom and
Interactive Multimedia markets. Our Intelligent Voice(TM) solutions
employ revolutionary, patented technology that allows people to send
messages (E-mail, SMS, Instant Messaging and paging), purchase
products, get information and control devices - all by using their
voice. The company is headquartered in La Jolla, California. For more
information, please visit http://www.onev.com
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future
events and developments, including our future business strategy and
our ability to generate revenue, income and cash flow, and should be
considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
"forward-looking" statements can generally be identified by words such
as "expect," "anticipate," "believe," "estimate," "intend," "plan,"
and similar expressions. These statements involve a high degree of
risk and uncertainty that exists in the Company's operations and
business environment and are subject to change based on various
factors that could cause actual Company results, performance, plans,
goals and objectives to differ materially from those contemplated or
implied in these forward-looking statements. Actual results may be
different from anticipated results for a number of reasons, including
the Company's new and uncertain business model, uncertainty regarding
acceptance of the Company's products and services and the Company's
limited operating history.
VoiceTunes is a trademark of One Voice Technologies, Inc. All
other products and company names herein may be trademarks of their
registered owners.
The Cervelle Group
Investor Relations:
Rob Karbowsky, (407) 475-9966
Fax: (407) 475-9859
rob@thecervellegroup.com
Copyright Business Wire 2008
ARCA was here the last time Bristol was
selling around the first of the month. They may be selling again, but do not seem to be whacking the bid too hard. AUTO has been here for the last couple of weeks. An explanation of why they have been showing up every day from Bill Panetta's board.
"Market Maker Update: AUTO is being used by Ameritrade and Penson Brokers as an alternative to SBSH. If SBSH does not want the order flow he sends it to AUTO." Makes sense as SBSH(Citi) has not been active lately, but was quite active on the bid/ask before.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=265258
Thanks! Sounds very positive. Great to hear about the meetings.I especially liked this part. "...mobile handset manufacturers, cellular operators ..." Hopefully the meetings with the cellular operators could lead to something new for their Mobile Voice side of the business. Also hope HP got a good look at One Voice's demo as their booth was back to back with the Intel booth.