U know cg... I've been saying the same thing for the past couple hours... Something is up- and hopefully, it will be the stock too, sooner rather than later... The problem tho, I think, is that there will be a strong temptation to sell once it's starts to move, that's even if it does... So be careful U guys....
Well...... U guys r probably pretty happy that U didn't take me up on that bet HUH? Was that prediction, EXACTLY correct or what? Any takers on the " Next Press Release"?
I agree with all of U guys..... We all are extremely frustrated here- it's hard to believe that they haven't released anything telling us about anything... But hopefully this means that something will finally be for our good... We'll see
I dont know... maybe in hopes that somehow, something would happen, so they could get at least some of their $$$ back? Who knows the answer to that question... But if they are waitin on Ole Mikee and crew...., they are wasting their time and hope. These have no Idea what they are doing, apparently. This stock was at .83 way back when they didn't even have a drill program, no production, etc. Then, a year and 1/2 ago, it ran up to .25, and I still don't know who was behind that....? And now, as it's as close to becoming a real, producing asset in a very high demand area of the world, WE SIT HERE AT .02 and change...!!!!!! WOOOOHOOOOO!!!! Go figure- maybe somebody else can figure it out- I sure can't- What a LOSER---- I bet if the mgt. were to leave, it would skyrocket.... I've bascially trown in the towel- to my own loss- What a BAD idea this was... Its been a COMPLETE disappointment and failure, or I mean the leadrership has been... not the asset- BIggest loss of my lifetime..... And who wouldve thought that a "high perm & "high gas content" would ever have any chance of winning.... Or that this POS could do anything in the way of meeting a need that China " supposedly has"....
UNreal man- flat out UNreal
I don't understand why Mike doesn't just go ahead and release the truth, that this whole company is done......There's nothing left- NOTHING. As much as I hate to say it, I'm out everything I put into this P.O.S. Which is ALOT of $$$$.... Thanks Mike!! U did such a tremendous job! @ taking our hard earned $$$ and paying YOURSELF all those years a FAT salary... Not sure how you sleep at night... But remember that U WILL reap what U have sown. that I know for sure! But I along with so many other bagholders here, ask that U please go ahead and throw in the towel, and realease the inevitable- That it's OVER.... Why r U continuing to hold Out on us? Really? Just like Ruff says, a 2Billion$$$ asset, on sale today- for about 12 million..... And U can't even sell that? That's just downright PITIFUL......
In addition, in the recently completed financing last month, we raised
approximately $17 million of gross proceeds with no warrants and at only
1.6% discount to the market price at the time of pricing. The total
commissions paid on the gross proceeds were effectively 1.9%.
We urge you to stop Sofaer from gaining control of your Company by
disregarding their soliciting materials and not returning any of their gold
WE ARE ON THE RIGHT TRACK WITH THE RIGHT
MANAGEMENT TEAM IN PLACE TO DELIVER RESULTS
Let's look ahead together. Your Board and management team are on the
right track and have the right business plan in place to find and produce
gas. Your extremely qualified Director nominees are management
professionals. Complemented by new nominee C. P. Chiang, they have over 170
years of combined experience in energy, with critical management experience
in the energy field ranging from the highest levels of major oil and gas
companies to senior energy policy making roles in the United States
government. They have delivered the goods on hundreds of major energy
projects and initiatives and have extensive relationships in China. They
are working hard to execute our business plan designed to create
stockholder value. Drawing upon senior management positions and a level of
experience and expertise that would be commensurate with the Boards of
household name energy companies (and that is quite unusual for the Board of
a small development stage company), we have assembled an array of line
management and field operations talent that is essential to successfully
delivering on the significant potential that accompanies our discovery of
what we believe to be an area of high gas content.... Maybe we shoulda gone with Sofaer..? I bet that they know alot more about how to do what it takes to get a stock price up.....AND believe it or NOT- That's all WE REALLY CARE about!!! ROI-
Do you guys remember this interview from June of 2013..?
What has kept him from going onto CNBC in New York? Why can't he do more promotional type publicity here in the US for us? Mike- will you please do more for your investors? We just don't understand what in the FEEC world is going on- you continue to leave us hanging. Remember that you will reap what you sow.... It's time---- it's been time- it's been beyond time to get this AWESOME asset going, and FULLY monetized!!!!
Wow, cg5069... I couldn't agree more man... I'm in pretty deep myself-millions at this point. I just don't understand what this dude is doing- I felt that the asset itself would be able to bring the big guys in. But with Mike and his crew, I'm just not impressed, at all. I don't think that he's lying, I really don't. But why in the world can't he ever get anything going? I bet the stock would sky rocket, if he would just step aside, and hand it over to someone who CAN get it done. He can keep his stock, just accept the fact that he has NO idea what he is doing, and that he may be Very Good at other things, just not this apparently. BTW, do you know what or who caused the rally to .25 a couple years ago? I thought that might have been the beginning of something, just to be Extremely disappointed, AGAIN.....I just can't make any sense of it....
U know Ruff.... I've remained hopeful this whole time, until recently. The lack of updates from this management is not only irresponsible, its depressing, and downright pitiful. Really Ruff, how long can it possibly take to figure out how to type up a press release that says" Far East Energy regrets to inform the bagholders that it is bankrupt. We just don't have the ability to get anything done." How hard can that be? I have NEVER seen anything like this before. I'm wondering if we should have someone go to the office and see if they are even still there... Have they packed up and just left? Have they left the country, kinda like Andy did from ShawShank Redemption? Do they NOT understand that a production( if there even are any wells) increase that has any significance is still OK to release, to help get the stock moving? I've already posted what the next announcement will say.... Its the " Next Press Release" topic... Believe it or NOT, another " extension" In all honesty though, what that is, is really and extension of their salaries..... Wouldn't that be cool, to be able to just keep on paying yourself a VERY HIGH salary, even when there's NO $$$$ to be able to do so..!!!!! :-) How Cool would that be, huh? I just can't seem to figure out how that works.... If anyone on here has the answer to that question, please post it for me- I have said on here before, how mathematically, this deal ( property) should be worth about $1.40, and thats a conservative #... But how in the ______ do they think they can even get .10 cents, with the lack of updates on how the property is doing? " We're gonna let it go down to 0.00, and THEN we'll negotiate a deal for $ 2.00....!!!!! :-) YEA....!!!! REALLY? Can anyone please post how or what they must be thinking? It makes No sense at all....
Would anyone on this board please be willing to bet me all of my stock, that the next press release will not sound something like:
the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, announces a further extension of the maturity date of its existing Facility Agreement with Standard Chartered Bank (SCB).
The maturity date of the Facility Agreement with SCB has been extended to February __, 2015, from the previous maturity date of February 13, 2015.
Commenting, CFO Jennifer Whitley said, "We are pleased with the continued support of SCB during the company's protracted strategic negotiation processes with various third parties."
I am asking that anyone on this board will take me out of this POS, at my cost basis....PLEASE- I'm betting it will be VERY similar to what you see above, and you can bet otherwise....
Sentiment: Strong Sell
Drugman- I'm beginning to feel it up the river, man... This is soooooo faaaarrr beyonnnnnnddd riiidddiicuulooouusss, Maybe we should just be calling the company and asking them to just LEVEL with us- Tell us the truth, PLEASE---- "We've been lying to you guys the whole time, there's Not really any property in China, there's Not really any wells, there's Not really any Coal at all... We made up the whole thing. We're really Not talking with anyone about anything. But thank you for believing the entire story... We thought it sounded good, and apparently you did too- Thanks for buying all that stock, and for coming to the party.... But, it's over now, so you can all just #$%$ home.. We've got so much more important things to do, than to be looking out for the bagholders of our company. Updates? What are those? We've never heard of such a thing... And why in the world would we do that anyway? Don't you bunch of bagholders realize that this whole thing was really just a figment of your imagination? Wait a minute. !!! Did the stock move today.. ???!!! It wasn't supposed to. This is Groundhog Day! And if my memory serves me correctly, nothing is supposed to change, right? Especially NOT the stock price. And if it does, we better be calling someone and report that- that's a violation against our bagholders.... The Stock Must Not Move, At All.....!!!!!! And that's FINAL. !!!! Anyone caught seeing this stock move, at least upward, will need to check his imagination....!!!!"
Sentiment: Strong Sell
Yes Ruff...., it is a fiduciary responsibility. Not to mention that it might actually help get this thing out of it's own way... Have U guys ever seen the movie " Groundhog Day" ? That's exactly what we are experiencing here. It's like a broken record- Some things or people, U just can't help...