TXHG Filings are out.
The 2005 10-K is finished. The 2006 10-K and the past 10-Qs should follow fairly quickly I suspect.
They’ve retained a new investment banker for more financing in the future.
They’ve retained a new investor relations company, which has not initiated anything yet.
It’s pretty obvious they are getting things lined up, and when the last 10-K and the rest of the Qs are out, I’m sure the IR group will begin the process of alerting new investors.
Reading the 10-K, there’s only 10,452,434 tradable shares, the rest are restricted.
Also in the 10-K “The Company acquired oil & gas leases and has begun development of oil & gas producing operations as of November 5, 2006” So they may be pumping and selling oil now.
With the current price of oil they could be profitable very early on; and because of carryover losses from previous years, they can keep most of those profits.
When you consider that this stock has been on the Pinks all this time, with very little news, and it’s still in the .70s to .80s price range, it bodes well for the future; and I think the future is now.
When the rest of filings and news comes out, and the IR group kicks in, I think the price could really take off.
