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Thanks,nice to know,sounds like a tricky hole and nice to have a crew that can handle the job.
Did we get a good rig and crew?Who are they?The ones from Texas, geo wanted?
Nice move up today,mostly all small blocks,hopefully a trend to new highs.
Nice post,but your partners should be looking at the info you stated,then make an informed decision based on all pertainent data and if it is as rosy as stated by management, I think one of the 7 other partners would be more than happy to relieve you of your share,possibly stumbling over each other to get a bigger piece of the pie,especialy this far along in the Mesa project.JMO
The reason I ask about partners not comming up with cash,is that when insiders sell it isn't good and when a partner can't or won't pay up or it takes a long time;this mother of all oil fields didn't impress someone.I'm not rich but less than 10 days ago it took me 45 mins to get 575,000 dollars to buy some land ,my offer was turned down,but lets get real if you are holding all the cards as the partners were and you fold,maybe your hand wasn't that good.Money isn't hard to come by,just show your cards and someone will say wow and back you!
Nice research jigfish,you sure do your homework,zipper first,pee second.
Reread post 16353 said; Tom said one partner couldn't come up with the money,and post 16355 said there were 8 partners.Good question for Tom.And yes I hate the share structure too,only we take a risk Tom just can issue more shares and still own the same percentage while ours would get diluted
I look that up for you,it would be nice to know if there share was given back to edex.Also would be nice to know who that partner was and visit with them as to why.
Thats not news.Everyone knew they were trying to get a workover rig,the news comes in May.Then maybe it will be time to buy.I'm not a pig if it starts to move up I'll get in,maybe not at the bottom but with a much clearer picture of what is going on.Still bothers me one partner didn't follow thru,they should have know this was the monster,some people on this site have more invested then they would have had to come up with,if you believe everyone who posts.LOL
I was wondering what is going to happen to the partner who didn't pay there share of the rig.Will Edex get back a few percentages,and why couldn't they come up with funds on this project,they were priviledge to all the info,such as log reports ect.Who wouldn't want a piece of this?
Yeah I recieved 12 dollars from a class action lawsuit,tripled my money on this baby though.
Maybe the PR is going to tell us about the completed well that was on the Jan 26 PR.Seen nothing on it since PR came out.
not bashing ,just watching patiently,and your timeline needs exspanded.
GLTY also ,but why buy now and tie up capital?No permits issued; at least a couple months away from any results.Wasn't enough buyers today to support 7 cents,It has done nothing except slowly slide for months and if you would of sold and rebought later like many on this board the same money would buy twice as much,I feel it is going lower and better buying opportunity is ahead.JMO THE TREND IS YOUR FRIEND,and now there is no upward trend.
They can't get rid of a whole lot of shares at once,or they will kill the goose that laid the golden egg.They will take the 10-20 thousand dollars a day like today.
Why do you care!Don't read my posts,they aren't bought and paid for like most free share posters on this site.
I quess they just meet in the middle.Been 6 bid 7 ask; now it is 6.5, and the 7.5 ask didn't hold.What makes me wonder is what is going to happen when more shares hit market to finance the day to day operations and edex share of exploration? I would also agree with dioblo that a paint job is comming at the close,just a few shares at a higher price.
Only one trade of 1k shares above 6.5 cents on volume of 161,000 so far today.Whats that say?
Good point,they don't assume all the risk but pass it on.
I agree,I don't call Tom anymore either and other realistic people have stoped the stocks slide,don't push the pebble over the edge,lets see a date for the rig and permits in place,its a ways away yet.Also keep a close eye on shares issued that may dilute your potential profits.
a dollar and 21 cents.a double from yesterdays low
I thought the same for Dynergy at -.30 cents and being sued by everybody and went banckrupt.Came out and now $8+. New Century has the fed riding to the rescue with rate reductions around the corner.Of course I won't be putting even 1,000 dollars in it,buying a few hundred shares over a period of time is cautious and may be rewarded greatly.
Just checking on permits didn't find one yet.Also checked on outstanding shares from Jason at Rouch,slightly different from before 174,123,170 plus the 9,000,000 prefered.Trying to keep an eye on both.Believe more may be comming soon.Stock is holding up very well considering.
Bought some at .75 cents; a report on CNBC said it could come out and recover to $18,Look at calpine,dynergy,williams,corning ect.I figure 75 dollars what the hell.
Booyah Buckeyes #1
Big spread,92,000 shares traded at 6-6.3 cents.Next trades at 7.I think I would bid in the middle?
nice opening today
Not much movement for stock.Hoping for good news by April 10th so I can fund my IRA for free this year.Do think a talented staff is in place for the upcomming marketing program.
It is nice to see a little clarity on a couple issues.It sad to see Pr's and posts so full of bull that it scares the common stock holder,and ends up in a sale when nothing materializes.Hopefully we can police these outrageous claims and verify the facts on the others.Maybe a couple lawsuits would bring in the needed money to drill .Think about it geo & clayjay.GLTA
Where have you seen that anyone is paying for the first 3 wells to earn 50%?I checked everything in writing and never found anything more than $100 k to be used for seismic.I must of missed that PR could you please elaborate.Thanks Oh, and the 3 phases that start in the next 4 weeks I was under the impression Pip had been completed before,Phase 2 the seismic has never been done but they don't have a company yet.Maybe redo Phase One to sound like you are doing something while actually your stalling for one more month.
I think 5-6 cents before March is out,then some good news or?
Just like every down day someone came in and painted stock up!Quess they think we don't know 250,000 shares traded at 6 cents and then 2 end of the day trades were each person invested $175 to make it look like stock treaded water today.Outright manipulation to sucker poor people who don't look or don't have access to level 2 quotes.Try and get 7 cents on a decent trade no buyers around!
Going to have to lower the ask soon; shares trading above 10day moving avg and no one comming close to 7 cents.Maybe someone will buy a token amount at 7 cents at close to paint it up.
Or you could leave it for your grand kids?LOL
Totally disregard any message by Tom,see every other statemant by Tom to confirm!It is nice that his previous posts aren't deleted.
Maybe you can take your $50 winnings and double down on edex,LOL
11 million shares can move,200 million shares {which we will be at soon}the company needs to be worth 1/4 billion dollars to get above $1!
Maybe edex will be at .03 first.Just LOL
I thought geo said to even consider a pipeline there would need to be 3 to 5 producing wells,now the pipline is already got some funding?Wow!lol
Badge I agree entirely,something is there at Mesa,but only shareholders take the risk!Tom hasn't done anything to benefit the common stock holder.His share structure is outrageous.Also glad you got more shares,I am waiting,long time yet for results to come and I think people should be looking for many more shares to be issued.Patience may be rewarded but why hold when every week is a better entry point. JMO