Ref: RGNO Folks, this is a lenghty post, bear with me please and consider its entire contents...do not call me on grammatical errors....
Ok, so the share count looks good, the CEO appears to be a good hard working man...and, there is oil in them hills...
He is considering retaining legal counsel to get the situation solved with Ameritrade. And Etrade as well you tell me ?
It is clear from the charts that this issue needs at least a couple back to back 10-15 million share days to churn out the chaff...
Lets compare the oil to the A-Trade-Etrade situation;
RGNO needs some unconventional and yes, EXTRAORIDINARY measures to get this oil to the surface...
The oil is down there folks, Griggs is trying to get it out... isn't he ?
Think about it in this respect folks:
The power companies have cut off his electricity to the wells, at least partially... Griggs is trying to run his wells on 5 amps when he really needs 25. Amps are more important that volts, and Griggs cannot operate his wells without the amps. In respect to share price, he is on 3-5 amps without A-Trade and E-trade.
Its painfully obvious to you.
As things stand now, Griggs is out in the middle of nowhere, stalled with his giant 18 wheeler that needs a simple jump, out there for months waiting for someone to come along. Finally, he hears someone approaching in the distance...
He squints, he sees something, but, as the vehicle approaches, he sadly realizes its a moped.
Folks, that ain't enough to get his 18 wheeler started, the best he can do is send a message ahead with the moped driver to call out a real tow truck, so he may get on his way, and get his load delivered as promised for his boss and shareholders and to his customer.
Griggs is waiting folks, if it was this easy, would you go give him a jump ?
There are 210 boardmarks here on the RGNO, hard working people that have made an investment believing in RGNO and of course Griggs. That is a helluva following folks, make no mistake, there are at least 200 more that follow and don't post.
This stock must be brought to a critcal mass once again, like it was months ago, to get it jump started. There is a way.
Do you believe that I am here to merely point out the weaknesses here, with all the fine folks sitting, standing around here on the street, waiting for a ride, then walk away and not offer you a lift ? Hardly.
I want to put this stock back in my portfolio so much I can scream... I was in the big run a few months ago, thanks to dragonfly... it can and will happen again, but not without your help.
But now, my better sense tells me I cannot enter, no matter how much I wish.
Like it or not, Ameritrade and Etrade I would venture to guess control by default 25%-30% of the buying public combined, possibly higher than that if one realizes the demographics of the current/potential RGNO shareholder. It could be as high as 50% when that factor is taken into account. This is why the stock cannot move, pure and simple.
Fact is, people don't like moving their portfolios , they don't want to take the time and energy to move them to a more accomodating broker.
Here is my solution:
This solution will only work if all concerned participates..
And, I mean all folks, you, your relatives that have an Ameritrade or Etrade account, your friends and/or business associates, whomever.
Someone from this board, someone capable of inserting the needed information, immediately set up a separate RGNO board, one that specifically deals with this crucial issue.
You need to keep the pertinent posts off of this board, there are way too many other posts and this most important issue will get lost in the shuffle and nothing will happen, as opposed to setting up a new board.
The new board will give us alot of information in itself, all posters subjected to the AT and ET situation can post there, thereby indicating just how many are affected, and thus, the stock price. All current AT and ET clients are to be encouraged to post there even if they are trading RGNO in a seperate account.
Now to the meat and potatoes,
Everyone person, relative, friend, associate that you know, needs to immediately get on their respective AT or ET (or both if applicable) accounts, and send a complaint.
Advise them that you have patiently waited for them to remove their restriction on opening transactions for RGNO, but they have failed to do so. Therefore, you are giving them notice that they need to address this issue, or you will be making arrangements to move your account to a more hospitable broker.
Give them Griggs' number, tell them the company has a valid transfer agent, advise them of the transfer agent name and state again there is no reason for this issue to be on the restricted list. If it is not removed, you will take your business elsewhere.
It will work folks, if everyone gets on their horse and keeps banging them, bang them every two or three days with an email, it will get the job done folks, for sure. This may only affect a few hundred parties, but it could balloon into thousands of emails when everyone that wants to buy RGNO in their AT and ET accounts starts htting them with a couple emails a week. If you want, call this dude... Craig, Ameritrade rep for APEX... I dont give a rats azzz if your APEX or not, call him and bang him.. 1 800 669 3900 x 7620. I did just last wekk. But, dont just call, you must get it in writing, get on the email. The intense email volume will get their attention.
Do you want Griggs messing around with attorneys (and I'm not suggesting he not proceed with his own efforts) or do you want him out getting more oil out of the ground and negotiating for additional leases rather than sitting around with a bunch of suits that cost him (you) money ?
Would you give Griggs a hand if he needed another strong back to move a pipe to a well to begin production ?
Get on this, don't let it flounder like the stock price, you can do something about it.
Get the new board going, I want to buy this stock... along with all the rest of the people on Ameritrade and Etrade that cannot.
THEN AND ONLY THEN WILL THIS ISSUE GET THE PRICE ACTION IT DESERVES.
As soon as I finish and post this, I am opening my At and sending them an email, I am going to to it every day.
Let's see what leader steps up here to take the reigns...
Get it done folks, its money in your pocket, its that simple.
