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I bought this stock originally for 22 cents when it came public Owned it till just recently.Lost money never seen any time line meet and no info in PR's lately.Why I gave up too much hype,no results.I've stated I am out and I'm watching but won't buy till good news is public knowledge!Won't make the big profits like you but I'll be spared all the loss if Mesa isn't the big one.No alternative motives here;if anything I said is not fact I'll retract it.I started to doubt stock before I sold,wanted to see if others confirmed my suspections on this board it might of cost me a penny or 2 .Again two sides to every trade,and if this board is not objective it won't truly serve the investor.JMO
Ouch,If you read on EDEX web site under prospects it says 4.5 trillion cubic ft.Their est and 3rd party est. worth over 20 billion dollars,but it also says 2005 hoped for start date.Also Haliburton logged well don't you get some numbers off of logging at least preliminary?
I agree.If Mesa isn't great how do you get financing?I am still on the sidelines,and if I get back in I'll post that.Just a question Badge are you still in?How about Lowman?I expected more from the moderator;last time when he sold nothing was said,but I suspected it when his posts went negative,and he finally confirmed it.He has been totally absent since last month,am I reading too much into it?
Still watching EDEX.One more month to go till news.Seems to me Lowman dissappeared and Badge has become very cautious in his statements.I agree with some that Mesa has something,but even a 200bbls a day it won't fund even one new well a year at 32% so maybe more shares comming to fund projects or % dillution in prospects.Hopefully no reverse split,but man there is a lot of shares already out there.Price has seemed stable to up lately.GL to all.
This is a nice move.I thought we'd stay at 4-4.6 cents for awhile because of the double from 2.3;that was my last purchase price.No news has come from the company either!
What he said.Also it stayed above 4 cents a good sign,you knew some people would take profits,its almost a double from the 2.3 cents recently.
It's starting to show up!
Yep,more volume would be great and MWM I've seen worse.GL
Let him express his views,good stocks can hold up to scrutiny.Even if I don't agree,thats what the boards are for.No censorship.
I love shorts,if tech proves out soon,many people will have to start covering their positions and the stock will move like crazy then.JMO
Yeah I know,bailed out once in the $5 range,when I lost faith in management.It is a one play stock, it works or it don't and if it don't, I'll have another tax loss.If it does we'll be rewarded.I will limit this psition to 1000 shares for just this reason.Can't afford to risk more.I don't believe we will be strung along like beforeGL
The 28th when the PR came out about 1.1 mil shares traded ,closed down.Friday 650,000 shares traded no uptick.What that means I don't know.And I agree that Mesa will prove up something,just not the trllions of cubic feet of gas or the 100 of thousands of barrels of oil mentioned in the beginning of the Mesa project,it won't be the company maker.Also they do have other projects.It is cheap enough now that most people including myself contnued to hold after large losses;but reluctently I decided to put what was left of my money elsewhere and also canceled my buy order.I had fallen in love with EDEX and that is never very objective.Good luck,if you still believe, hold like everyone else,it is cheap and thats why it has stayed nuetral,treading water till?
I told you I sold and bought SUF just watching EDEX.Don't have any interest one way or the other except if it does start moving upward I can come back but I need to see the trend is your friend thing start first.You surely won't have a hard time picking up shares and again this company does have other projects.Just remember when they found gold at Sutters Mill he wanted to keep it quiet and in 2 mos there were 10,000 people there and in 1849 100,000 of thousands.Back then they didn't have cell phones,wonder why he couldn't keep it a secret?
This stock was 15-16 cents when this project started!How much more selling do you want?Bottom fishing and 50% price reduction tells me they do know.PR's that come and go with increased selling into everyone of them and no bounce.Lowman peviously dumped all his shares and he is the moderator of this board.Eye's wide shut.
This stock can run a long way,but the probes need refinement to enable them to last and production tests results are 2 mos off.If you believe the tech works,and it can prove up commercialy,stock will be much higher,but for now it is just speculation.A chance for a big payday.I'm buying but Ive been wrong before
Nice civilized posts here lately,Good discussion and I agree I like both sides,it gets me to think why I'm in or out,and buy and hold doesn't work all the time.I've been in and out of Sulphco and it finally has turned the corner. JMO I'm still watching EDEX.I never say never cause I was wrong once and then I found ouy I was mistaken.LOL
Thanks for calling me altruistic.I thought I was Jim Cramer for a minute,but making money not friends is his line.Good Luck,I've sold my position and quess I'm just looking for validation about my call.May buy back if wrong,but held forever and all good news ends in a lower price,Why?Don't make me jealous and make a fortune now! LOL
Do any of you really think a great find can be kept secret months on end with so many different partners,contractors,drillers,friends and family not acting on the rumors and moving the stock upward?Too many own an interest in this property and everyone of them would tell what they knew to a few.JMO
If this tech.works the shorts will be covering at higher and higher prices.The stock will run way ahead of all expectations.I liked the pull back I need more cheap shares.JmO
Just dumped a big loser EDEX yesterday.Watching closely.Have cash will jump in again if stays above 3 cents.
Last trade of the day was at the high and on large volume.Thursday is up also IMO.I'm happy, didn't buy much but now that I've dumped EDEX I have some money.This will maybe hit 19.00 again.
See ya latter.Just cancel my buy order and sold yesterday.Will be watching may be back in,but I agree,even Tom said after they drilled they would have a good idea of whats down there.I finally concluded that news must not be good enough to move the stock; so say little or nothing.Before people thought maybe the drillers were buying cause they knew what they hit,talked to my neighber who just investigated a company in Wyoming,he said he interviewed people on the job site,in town and at local taverns where the workers frequented to analize if money could be made for his client,he told me someone knows and by now upward movement would have started.Can't keep a secret this long!Why move to another field if this one can pay for your future developement.Just a gut feeling but Edex needs to look elsewhere,plus what is a completed well,just a hole in the ground.No facts but no lies either.Remember at 200 bbls a day this well at 32% INTEREST DOESN'T GENERATE ENOUGH MONEY TO DRILL ONE HORIZONAL WELL A YEAR FOR EDEX!Good luck will be watching
Thats why I got out and now back in.New management has been needed,may not pan out but I feel there is a real team effort and results will be forthcomming;good or bad, with large upside potential.Only a 2 month wait,give or take.
Did not know Lowman was here too.Just bought 500 shares today.All the free cash I had after also buying PBT.Listening to conference call now.Owned this before and sold on the downtrend at 5+dollars,Not a wash sell now and cheaper also.GL
I just jumped in too early and with both feet.Like I said I see the glass as half full and have an order in for 55400 shares.I appreciate both sides of an issue that makes a market.No one would sell if there wasn't doubt.That presentation only does one thing for me and that is confirm there's more than one option out there and Mesa isn't the begining or end of EDEX.People keep expecting a double,I also did at one time.This is going to take time to see any real value.JMO,Gl
That presentation cost me alot of money.Tom states that never again will you be able to buy at 15 cents and as a result I doubled my holdings at 15-16 cents.He also said we would know as early as Oct.5-10 if the field was proven,I felt this meant the hole would show this large reserve without months of waiting for a completion rig.Also EDEX share at 200 bbls a day oil will only allow one well drilled per year and that is if it is not a horizonal well which costs 2 mil.In other words there is a long way to go before this is a winner but it is a start,and the results got to be good or 7 cents won't hold.I just don't want people to think this is anything but what it is.View all the facts make up your own mind,there is as many negatives as positives,I think the glass is half full but every week as many people sell saying the glass is half empty.Accumalate shares at good prices and don't do as I a jump in with both feet.Still trying to get my costs down.JMO
I quess it is all monday mourning quarterbacking and different stradegies.Tom must see more potential elsewhere than at Mesa for the now.I also believe money will be made but some people talk about doubling in a week,I could be wrong but this is no quick buck stock.Buy,hold; average costs down on dips and don't get to impatient.JMO
I like your numbers.We would all make money at that PE,just don't sell any more rights to drill or dilute shares.Also Exxon's PE is 11 with a div.and Greywolf's PE is 6.5 but as they say no risk no reward.Like I said we need better than good results.Why not prove up this field instead of going to another.Gas is good but only in extremily large quanities.
I'm a lurker.Bought 100+thou then sold,just waiting for upward movement to jump in on the trend.It was dead money and got in and out at same price.Waiting for a breakout above 3 cents.
Here is some interesting math off of Hotstocks,200bbls a day x365 divided by 32% owership at 45 dollar well head price divided by 173 mil shares eguals 6.27 cents a year.Found that somewhat interesting.The gas has to be proved up in large volumes for any chance at a pipeline,So hopfully the news comming is better than good with no more share dilution to fund projects.
Well this PR is free of hype and I thought it would at least state oil shows over so many feet ect,with nothing said but a completed well;and a replay of Mesa being probable,I may also be able to fill at .063.I have an order in for 55,400 shares.Very maybe overly causious PR JMO
I hope it does go down.With 174 mil shares out and many delays It shouldn't move much and I want to avgerage price down.Sold at 7.2-7.4 cents last couple of days so you know it will go UP!Like lowman who got out and back in at significantly lower prices I too hope for more delays,Every good news PR lately does nothing; I know, I bought more at 14 cents just to watch people sell as drilling went on.So we'll see how patient people can stay?
Been a holder of Edex since it became edex.Have watched this board about 6 mos.Just can't wait for March to get here and maybe some good news;like some of you I've lost 2/3 of my money.Still I hope and just put in orders for 55,000 shares at 6.5 cents; I see nothing to get it to move up and been surprised it has stayed firm at 7-7.3.No news may allow me to fill and average my cost down.