Has anyone been able to trade the new shares "given" to us ? My Scottrade account labels them as SKW.C1 and says that DTC has not sent what it needs to Scottrade to allow me to trade them...
By that I mean that Marquee is adding properties and infrastructure while Sonde just seems to be hoping they can find a drilling partner for N. Africa in the next few months and in the meantime are doing nothing I can discern about the properties they still have.
the stock is taking off but "the wrong way" we are being hurt in several way---no partner in NA. decreasing price on both exchanges--diluted mql shares today. also with the abundance of oil at the moment it appears that a NA deal,if made, would not be top notch
Unlike SQO, Marquee actually is doing some E&P. The results of 6 wells drilled a few months ago will be announced shorty. Regarding SOQ, I am still holding for a miracle to happen. The recent insider purchases was positive news, but the small amounts don't indicate much conviction. At this point they should let shareholders know how its going with that "marketing blast" for JV's that we herd about in December.
dvoowner. checked with Scottrade today to sell my shares of mql. found out that I am not able to do so just yet
they had listed my mql shares on my account as "skw.c1". actually what it was is it is just a filler until the shares are actually issued, which will be another 4-6 weeks. at that time I will be able to sell on the otc trade...
learn something new every day.
They still have a decent size acreage position in western canada (duverney and wabumum acreage). If you go to their webpage and look at the dec. presentation you'll see what they have left. Don't know how much value is there. The main value is still with the joint oil block in the gulf of gabes.
this co currently own nothing that is producing value or money. If it can partner with someone with money then we may have a shot in north Africa.I see no redeeming value in any other holdings.
Scottrade was the same way they show no evening update--they did show the initial value at the time of issue. the stock has been devalued so greatly that it is just as well to wait and see what happens to NA. the mql shares seem to be holding their own...
well there's the boost in volume I was talking about, not much on price change though. It should pick up some speed and get back into .60's but until the major profits are realized (2016-2017) no telling what could happen between now and then.
Sentiment: Strong Buy
This is the most screwed up deal i have seen. Have not looked at my SOQ shares since before the settlement on the new shares, etc. Looks like my SOQ shares were reduced by 10%. And it looks like i now have .34 x SOQ shares of new MQLXF shares. My USSA brokerage account doesnt have any value for the MQLXF shares.
Guess i will have to call them. This is a really screwed up deal. Not even worth putting time in it. Regards