Replies to post #5383 on Diversified Oil and Gas Holdings (DVFI)

[shermann7]

This is the third acquisition announcement - Some people are probably worried about how we are going to pay for these - I am not - These are low producing wells, and not worth much to anyone unless the have something like the hydroslotter technology. This means that we have leverage in terms of how to pay. Working Interests strike me as the most obvious, but there are many more options. I really dont see any dilution of common shares. Maybe some resticted shares.

Shermann

[YankeeAce]

At first I did the exact same thing. I thought this was a scaled down version of the first LOI, but then it hit me. My guess is that the Grimes wells are already online and they are waiting for a month to post only a valid flow rate and not just the initial rate. They are using the current flow rates to justify funding. They may even use them as collateral. At $7 per Mcf and an average of 1,000 Mcf/day over 4 wells that’s $28,000 cash flow per day. Sure they may use some shares and some warrants in the acquisitions but they will be restricted and closely held. It’s not like they need Cornell or Dutchess or anything like that. They could also take Tyche public and use some of the funds from that to make these purchases. IMO there are just way to many options for this company to settle for toxic dilution. I have still not sold a single share. This one is going higher, no doubt about it. Today was very healthy consolidation. Shake the weak hands and get the shares in stronger hands. Could be a few more days of this leading up to the issuance of Tyche. Management has probably also predicted a sell off following the share release so they will likely hold some information back for after that to stabilize the share price and support these levels. Clearly we are dealing with a very intelligent and forward thinking management team. Long and strong with this BIG ‘N’.

[WarEagle]

CLZ, Yes I agree. Today's PR could have been overlooked by some. It is a LOI for a competely different acquisition. It fits the business model of BIGN perfectly. BIGN would buy the working interest in over 30 Oil & Gas wells. Logically, the plan calls to rework these wells. I.E. Hydroslot. Also. 4 additional new well sites.
This marks the 3rd LOI in two weeks.
We have these deals to close, which will be PR'd. We have the 2 additional Grimes gas wells to her about, to be PR'd. and with a little hope, the New Mexico Oil well, to be PR'd.
A lot of good news to come.