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I think it is good that the stock has held where it is,look around,stocks are doing bad and maybe someone needs to pay a margin call.Firm is good on bad days.
Whats the first thing the new owners of palo are going to do?Spend the entire money used to acquire field on seismic!Nuf said about pip
Hey Badge ,Lowman can you reply to post 15700?Thanks
Hey,A light bulb was switched on.I stated that I bought at lets says 16 cents a share but only 1/2 the shares now outstanding were out.The stock is now at lets say 8 cents,yes twice as many shares,company is still worth exactly the same.Tom owned 44% then and owns 44% now!If I understand Badge and Lowman earlier arguments, the way the shares are structured,everyone but Tom lost 50% of there money.One winner.Ok if I understand the perferd share structure.Lets say we go to 4 cents a share, very possible,Tom still owns 44% eveyone losses another 50% except Tom,again only one winner!Double the shares and no loss,Badge is this correct? I see why you stated share structure needs to be changed, based on performance!Now if my 100,000 shares gets reversed split to 10 to one,I own 1000 and Tom still owns 44%!WaF
Why?Do you think it will go lower?I'm waiting too.With no money and no rig,how will the bills be paid?I think more shares will be issued soon,JMO,total speculation,so nasty e mails please.Also 7 cents not bad cosidering at twice the shares outstanding from when I initially bought price is equal to 14 cents.
Nervous see you got a partial fill at .06 cents.Good Job,Thanks again Geo; and I understand others fustration with Tom he did say all those things plus rig was ordered,all not true and first 1/4 time frame is just completely out of the question also,So be patient is always the answer; whats another quarter year?It causes you to miss opportunities in other plays while waiting,and watching your capital dissapear.I missed 2 big moves in stocks I owned and wanted to buy more but capital was tied up! With this stock I will reinvest in next few months when permits,rig,weather,ect.are in place,maybe then I too can fill at .06 or lower.Gl
Well hopefully you'll get it filled and that should help avg your costs down.Seems like time is on your side with no results comming anytime soon.
Just looked at my stocks,everyone but one is down today,wish I'd held EDEX.LOL Bad day,GL
Thats one question I been asking since Jan.Ring the cash register and build up cash for further investments.Don't risk more capital when sitting on the sure thing.
Well informative posts are a start.And I may be back,but it looks like first half of 2007,so I should have time to see the parts of puzzle come together.I think you are right on in trying to get the Texas workover rig,this hole is tricky and no sense wasting money and have to do it over.Good Luck
Well geo is helping at least put some pieces of the time line together.We know they are now looking at a rig in Texas,{may or may not get] will get permits when needed,may wait for weather to break ect.Not the news I thought would be heard a couple days before March,but nice info,something I expected from our CEO.I like the flavor of the posts lately.No name calling but seeing value in posts on both sides of issue.Like I said you can't speculate if we're educated.Regain my confidence and I might buy again,just don't string us along.JMO
How can one state a time line at all,when that person knows rig,permit ect hve not been filed,ordered or paid for.It is total misrepresentation,things just don't come up,planing,knowledge=execution.If I tell you I will build you a house in 2-3 weeks and I don't have the building permit and can't even get one for a month,would you believe me when I said unforeseen cicumstances came up.No you would say I decieved you.
I think the probes will continue to improve,and if testing proves up tech,dramatic improvments will ensue.A high risk- reward stock.We will easily see $20 or $2 within 2 months.End of April,first of May.gl
Thanks again,just was checking to see how the ducks were lining up,and is the permit going to take at least 30 days to get once applied for?Also on another subject someone accused me of making up timeline for completion rig.Again read post 14567,on about 1/28 to Nervous from Tom.Do appreciate facts comming out now.I owned Suf;dumped because not kept informed and many delays,bought back in when transparency and timelines and management changed.Thats all shareholders want from EDEX,but it seems like no hurry to get in,may be quite some time yet to see rig.glta
How would you test flow?Lets see what geo says.Common practice in Wyoming.
Thanks geo,one other question.I checked the New Mexico Oil Conservation web site for permits to test well and I can't find a permit application to flare or let escape into atmosphere any gas for Mesa,is a permit necessary and has it been applied for?If not;is it like here more than 30 days to process?I appreciate you confirming Hal was there.
Are you saying Haliburton never came onto well site and logged?Because the Dec.13 PR says they did.Also other references of Hal are available.
Good luck to you,most people need to see both sides.Nothing I said should detract or bash this stock if not true,hopefully new owners or novice investors will do the due dilligence and look at pinksheets.com for financial statement,review all the public PR's,and read the posts on this board and others for Tom's statements.What they then find should direct there investment,not a one sided board that doesn't like foolish people like me to review past performance and see a pattern over the last 2 years.Just call me the Ralph Nader of EDEX.lol These posts are for the guy that just got in,not a mature investor like you who's decision is made and know all the risks.
So how do you think people found this company?was it not the grandios statements of trillions and millions that Tom put out.Don't long term holders deserve the truth.I held longer than most,but I quess I expected truth in the diclosures.So you would be upset now if we were all rich cause we did't hold long enough and pay our dues.Nice reasoning.So hold on another 2 years and maybe you're right where you are today.I'm glad Tom did this for my own good,vague statements,no news,a fool like me,,just couldn't pay the dues anymore.Keep paying your dues Abbam
Tophat you want to read what you want to hear.Don't blame you!Just read one post #14567 email from Tom to Nervousnellie on 1/30 Tom told him that workover rig was expected in 2 weeks that e mail date was Sat. 1/28.We now know it wasn't even ordered.Read all the timelines and find me one,just one that was meet.Find me one goal or expectation accomplished,find me all the millions promised since 2005[25 million in just 1 PR] that has materilized,Should be easy just read all the PR's .Maybe he isn't stringing us along and eventually even a blind squirril will find an acorn.I quess I am mad,if he would of kept us informed,I might still be holding,tell us the truth about delays,money falling thru,dry holes, and giving away large % of fields.If asking questions gets specific answers,confidence will be restored and this company can go foward on its merits.Truth ends all speculation,I know I can't if it is in black and white.A PR that says something; again 1/20 post "a completed well"You can read anything into it!Doesn't he want good news to come out?What did haliburton log?You move the stock with good news not doubt!
I hope you get lucky.I'm not buying.I've lost all I want in EDEX.I don't have any agenda like the cheerleaders do.March is right around the corner and the news will be out.As to truth or consequences,just read my posts those are the questions and I've talked with Tom, just quessing 6 times,and like I said a nice personable guy,but nothing has become of his agenda or I would still be an owner.Why do you think the moderator[lowman]jumped ship and badge is discouraged and I sold.Hope you make a million and I'll get on here in March and eat crow and second quess what if I held.I'm just asking questions.Just do DD and you'll maybe come to the same conclusion as my fiends and I.Oh and I did get what I wanted 1/2 my money back!
On Jan26th EDEX announced the completion of a Palo well,on Feb.20 they sell half of field for 100k,the new owners want all the money used for siesmic.This field was suppose to have 100's of k of oil.Just a hunch but well was dry,Pip failed, and a fire sale happened.Just extrapoilating data,no updates given by EDEX as usual.
On the vyey PR of the 20th,I don't see any mention in writing that they are putting up any more than the 100k for seismic to earn 50%,Did I miss something in this writing?Where did all costs being paid for come from?Sounds to good to be true.
Great,just got back from lunch,see the cheer leaders got off the bench to do a little rah,rah. Still don't know what Haliburton logged,Still don't understand a PR that says we have a completed well.Vague promises and delays.Lets get some numbers,dates,facts,funding info.Then I'll believe the EDEX web site,that says 4.5 trillion cu.ft.of gas,ours and 3rd party est.,drill date summer 2005.Rah,Rah,Rah maybe the cheer leaders will go away,and stop beating this dead horse it's not going anywhere.Any bets on more delays on completion rig.What do you think IMT
No answers,would like to see a question answered.Not more hype,if you watch any financial show'the first question they ask,do you own,have an investment interest or any other conflict of interest.Why do these guys do it,if they don't own,because you can see the picture clearer when your not emotionally attached and make rational decissions.Again why leave Mesa to look elsewhere,just one of many unanswered questions.Let's see facts,numbers,dates,oh and if you go to pinksheets.com and look at their financials,I would say they need lots of cash,so again why not develope Mesa instead of give away 50% of another field,which you know is going to happen.Broken record I know.Also I have talked to Tom plus watched his presentation,he is very personable,but nothing he has told me ever materializes.Thats the real broken record!
I love it when people stand on the railroad tracks and believe the train will somehow miss them.Good luck,but answer my questions.Any permits in place to test Mesa?Why sell Palo for 100k for seismic?Doesn't PIP work better?Call one oil company and ask them about PiP.What takes so long for financing the Mesa well?Everyone said people would be climbing over each other to get a piece of this pie.Why go else where to drill when it would be another wildcat,when you can just punch all these post holes and get multiple pay offs in 15 days,then pay cash for all new adventures.I'd stay at Mesa wouldn't you.Especially when it takes a year for Tom to get a rig!I am not a buyer,but you sure like to beat the drum.I think your selling
That's 100K dollars excuse me.The K was missing but stated on the earlier post and news release.Isn't that what the news release said to sell 50% for Seismic?I thought PIP at palo was better than seismic
because it could pinpoint the tops of the reefs?
Buy a lottery ticket.Much better odds,less risk!
PIP is CHIT! TOM just gave away 50% of a field that PIP identified for 100,$ If PIP worked WHY? PIP would be worth a quizzillion dollars if it were any where near the 70% success rate.But I have a friend that is 99% correct,honest we just turn the willow stick outward and when it points down we sell to idiots,I mean investors like you!I think Tom got this tech from my friend when he was drinking,he sells out cheap when thiristy
Hey folks that remember; EDEX said PIP was 70% sure thing.Why give away 50% of your prospect for 100 thosand for seismic.Just don't make sense.At least get money for drilling on this sure thing,I mean 70% sure thing.I quess no faith in PIP or just giving away 50% to a friend.Is PIP now not that reliable?A couple of months ago it was the HOLY GRAIL.Everything is just one contradiction after another.
Has Anyone seen an EPA permit issued to test well?We have always needed one to flare or let escape into atmosphere.Plus relevent data as to possibly how much ect?Why get a workover rig if permits aren't in place; of course money isn't there yet either so how do you order a rig?Credit!
Sell,SELL,sell,As Jim Kramer would say!Nothing is nothing!DIVE,DIVE,DIVE!OR just hold on; you are about to hit bottom and it don't get any cheaper than ZERO so buy more and let Tom bail!
Thanks Badge,I own nothing now,never had more than 10,000 dollars in it,I think we have been decieved and I am not buying at 5 cents.which we will see monday, because EDEX can't even sell to there own partners based on Tom's position.Everyone wants a piece of this pie,Yeah right,can't even get a cheap ass workover rig to show up!I have seen no way to test well!You can't flare gas without a permit and you can't dump into the air the TRILLIONS of mcf of gas either.I have looked;anyone seen a test permit issued?More BS nothing is in place again to even test well!Prove me wrong ,fellow losers.
Exactly what Tom said at 15-16 cents,see video,boy those dummies sure feel stupid!Oh I was one!
Call me feeble minded then.I quess just the smart ones will head to New Mexico with there post hole diggers and stake out a claim.Ssh keep it quiet,don't want the stampede to start throwing money at Tom so he can get his well finished this year.
Well a least it is now confirmed,our moderator Lowman is out,how about the asst. moderator Badge you still own any or did you head for the exit also?
You just keep digging post holes till you're filthy F$$$$ing rich!Why go else where!Don't spend money you don't have too!
The completion rig having trouble getting financing?EDEX paying 50% of the cost and only has 32% of well.Haliburton logs well in Dec.what were the results?1,2,3=? Also 6 cents and under all day long except for one 10 min.stretch at closing?Anything adding up?Oh I forgot just hundreds of post holes need to be dug that payoff every 15 secs {ex}.Sorry I didn't want to post again but I've never seen so much chit.Wake up McFly.You don't have trouble getting financing on a completed well thats been logged and you don't abandon afield to look else where when you hit the mother of all gas fields!
Go fiquire!I think it is good news,moving towards large scale testing.
Honesty!I think the news is out or at least enough to make a fair evaluation and it is being withheld.But you got the right attitude a coin flip,all or nothing.Last post for a month.See ya when news is out.GLTA