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I don't know about that , looks like good support at $1.30.
I sure expected the momo to push us higher, but it's probably best to backfill in this range. Makes for a stronger leg up.
Seems to be a lot of pre market activity this morning. What do you make of that? $1.30 now
Million shares in first 1/2 hr. Looks good.
Short interest went up about 3mm shares yesterday. Now around 10% of float. This could get interesting. $1.60-$1.70 looks doable this week, unless something is cooking that we don't know about.
Looks like something is up. Someone wanted in at eod.
Somebody don't want this to move up I'd say.
I jumped in at .52 , but I don't see why this wouldn't atleast hit .80 next week and possibly a lot more. We will see.
Huh! That was the same day you posted "news will be out in 48 hrs".
Allbetson, what does the depth look like now that we are up to 1.3 mil in volume?
Allbetson, what are you basing this prediction on ? Gut feeling? Did IR feed you a bone?
I've spoken to Mike and got a warm fuzzy feeling but as time marches on it seems to dissipate. He is the only one I've gotten the short theory from, can't seem to find it anywhere else. In this market , management is everything and follow thru is king. Regardless I'll wait for a full quarter of financials. Just want to see some positive developments in the form of a press release.
Like you , I am long just not as strong as I used to be. I'm interested in sp appreciation and the company doing all they can towards those means. FB updates won't do much of anything for that. PR's that dangle a carrot out there are unprofessional as well. I hope we get the pr's you predict. Time will tell.
Haven't seen the FIRST press release this week , yet. A Facebook update is NOT a pr! It's called an update of operations. But I'll still give you till the 25th.
We did not get a PR , it's called a Facebook update. The general public does not search Facebook for their news. Geeeez
Thought I would check for any changes on their website. How long has it been down?
Blind, he was listed as a "historical" officer not an active one. I assume he's out.
Don't go. Stay and watch the grass grow or the paint dry. WTH is up with this trading. Thinking the 8k released after hrs on a Friday was not as positive as many here think. Especially after a heavier volume day.
Hope your wrong to DTL. Have a good weekend.
Hope your right. The agreement seems a little confusing but I'm no lawyer. Wonder why they released it after hrs on a Friday. Maybe to trap any shorts out there? Just a thought.
Pennystock, am i reading this wrong?
Mainly the last paragraph.
So we only get 50% after the first 5000 barrels since we didnt meet the date?
On July 11, 2012, Rampant Leon Financial Corporation ("Rampant Leon"), an entity affiliated with Treaty Energy Corporation ("Treaty"), assigned to Treaty all of Rampant Leon's interest in a buy/sell agreement (the "Agreement") that Rampant Leon entered into with Jimmy Jones and 3K Oil Trust (the "Sellers") on May 30, 2012. Treaty did not pay Rampant Leon any consideration for this assignment.
Under the Agreement, Treaty will acquire three leases (the Isaiah Hill Lease, Madeley Lease, and the Ellora Farm-Out) totaling approximately 440 gross acres. Treaty will own 75% of the net revenue interest under these leases. Under the Agreement, Treaty also agreed to purchase the Chumley Lease totaling approximately 140 gross acres. Treaty will own 70% of the net revenue interest under the Chumley Lease. All of the above leases are located in Shelby County, Texas.
The purchase price for all of the leases is $1.2 million in cash plus $6 million of either common stock or convertible preferred stock of Treaty. Treaty has already paid $50,000 to the Sellers, which will be credited toward the cash portion of the purchase price. The remaining consideration is to be paid by August 15, 2012. If Treaty does not close by this date but expends monies for lateral operation on the Madeley Lease, then Treaty will have rights to the first 5,000 barrels of oil produced from the lateral well. After 5,000 barrels have been produced, Treaty will have a perpetual 50% interest in the production of the lateral well.
That's not the problem. Too many sellers.
If .035 falls , watch out below. If it bounces off it , gap is closed on chart and we can move on up to a dollar. (for all I care)
This stock is a POS.
I believe the problem is that Treaty does not own the lease for Madeley.We may be getting , what , 50% of the first 1000 barrels of oil?
Well, there goes 3.2 million shares. Let's see what he brings to the table
Wondering the same. I'd think they could wait till next Q. Slow bleeder anyway.
I hope your right. I hate to be so negative but I've been here before. Congrats to anybody that got some of those .041's I can't throw anymore cash at this till I see some steady appreciation.
Something else that is bothersome is, where is the massive covering by shorts. I'm a firm believer that if we were on the cusp of something huge, we would be seeing it in the volume. Big boys ALWAYS knows before retail. Always.
That gap at .035 is probably gonna fill now.
No follow through or updates on progress, or completion on transactions , it's to be expected.
There are times where everything is gained by selling at a loss. Hence the words management, communication and transparency.
How did that .041 slip thru?
More of a joke than anything else. And I agree with your stance 100%. My average is .0375 and I refuse to sink any more into this till I see some follow thru and clarity. Good luck to you and your wife. Hope we all are asking ourselves at Thanksgiving , why we didn't buy more.
You could get her to average down and hopefully things will heat up in a few months. Just a thought. If you know what I mean.
If your referring to me , I'll just say, I have 250k for sale at $3. Not so they can't use my shares to short with but because I believe this has a chance to go that high. If and when we get firing on all 8 cylinders. The way things are now I just don't feel management is doing all they can ,to attract new investors.
A teaser, that states will make shareholders very happy, no update on a lease that was to be finalized yesterday, and countless other things that never came to fruition.
I wouldn't know how to short a penny stock, never tried, have no interest in that approach. Nor do work for anybody that pays to post on message boards. Not even sure that actually happens. Guess it could. Maybe nieve.
Simply a machinist in Indiana , who bought a stock on its potential and I'm getting wore out by lack of sp appreciation.
Afraid our economy is going to be in such shambles by the time treaty is in a position to fulfill all our dreams , that it won't matter what they accomplish.
Agreed. That being said , no one wants this company to succeed more than I do. Just wish management would be more forthcoming with material events ,news releases.
Doubt the company leaked any rumors. Is that what your saying?
Baron, there's a RUMOR? Well that changes everything.
Exactly. And those open ends make it easier to manipulate the sp which is something management is supposedly ,so up in arms about. Can't have it both ways.