Replies to post #5158 on Tri-Valley Corp (fka TVLYQ)

[SA12]

Yes, there was too much in the report...

...to comment efficiently. Lots of it was amusing verbiage from the spin doctoring machine known as Tri Valley. It would seem even though Lynn is, at least in theory, gone form the company, the culture of trying to mislead investors continues.

In fact, nothing fundamentally has changed with respect to the "possible" reserves the company has, it is just now able to report it in some way. It is unfortunate the way they chose to report it was to trumpet it as much more than it really is (i.e. very low probability of producing near term, current value enhancing, returns). This company continues to treat its investors as simpleton dolts who chomp at every shiny item that's placed in front of them. Perhaps that works for the three morons and their compatriots on the other site, but even moderately intelligent investors clearly don't buy that b.s.

As for their cash position, note the report is as of 12/31/09 and since then they've raised by my calculations, about $7.5mm through new equity sales. That's a lot of dilution. Expect more. Soon. Perhaps this week. Management does not care about shareholders and the dilution they suffer through it's poor stewardship of corporate resources. They just want to keep this company floating to support their ongoing salaries and stock/option grants.


As always, all of the above are just my opinions, no facts are asserted.

[geoscience2]

Regarding "Probable" and "Possible" reserve categories, you might place some small dollar value (few mil?) on the Probable reserves, which was < 1 mil barrels, but I have never seen any amount placed on Possible reserves when valuating a property for acquisition. Possible reserves need to be risked so heavily because so many factors (tar pricing, demand for tar, refineries able to accept it, op costs, electric prices, gas prices, daily rates, etc etc) affect its ability to be produced at all, let alone economically, it just isn't worth anything in the "real" world. Those kind of reserves are considered pie-in-the-sky. Its actually quite funny and embarrassing they would only plug in 6 mil barrels for Possible, when its so elusive and meaningless anyway they might as well made it 50 mil.

Well, Lynn said in one of his PR's that he was looking for "market place" recognition and let me tell you, it sure appears they've seen enough of his (former?) company's malarkey and sure didn't put any value on it either. But of course that's what I think....LOL

Geo