And having shorted enough shares into the big chase, Roth Capital will announce the new share offer pricing. It's going to be $2.75/share.
And like clock work, the stock crashes down under $3. It's disgusting, they finally realize. "Too late! Already lost big time."
Read the PR, and read it again.
It didn't say anything substantive. They simply said that they looked at the 3D result, and feeling lucky; will send it to a third party for professional interpretation.
Basically, they're not real experts in 3D survey, and they needed help. They're really clueless !!
It's always funny when the big crowd just chase anything moves. And they're always getting slaughtered in the process. What else is new?
The funny thing about that deal with Rampart was truly mind-boggling - it tells you a true story about how stupid this Royale management team has been.
From very beginning, the funding was readily available to Royale, only if they had looked for it!
But instead, it sold 75% WI for nothing - Rampart owners are a lot more creative and hard working. They simply sent out some documents with the help of Royale; and viola, the funding came running to them. It's just that simple.
The worst part for Royale was that, If you look closely, once Rampart expenses reach $30 mln, Rampart would be entitled to 75% of WI, and take a free ride home. Meanwhile, Royale would be stuck with the remaining project, for a mere 25% of WI.
So, in case of a cost overrun, which is definitely in the cards, Royale would be dead in the water - the burden of the costs over $30 mln will be all Royale's to bear. Rampart will be sitting in a nice office and enjoying the scenery.
The Royale management team is really not the kind of people you want to bet big money with.
Rampart looked a lot smarter than Royale did with this funding so easily available to Royale as well. But instead, Royale gave up 75% WI interests to Rampart for practically some leg works!
You wonder why ROYL has never been able to make it big for over 10 years? That management team has had no heart - they have never wanted to work hard.
ROYL is going to crash like every other time - it sold 75% WI for peanuts. Oh well, the chart tells a true story about ROYL.
Rampart has no money. None. It paid for the 3D, and the $3.4mln to ROYL for the rights to drill and earn up to 75% WI in the west block, which is considered the shale oil.
If Rampart could come up with $30 mln, it would start to drill in 2015, the first two exploration wells. Royale would cover the rest of the cost.
Royale has hired Roth Capital to help to raise $10mln. And I think Roth is responsible for this jack-up act. I think the stock will go back to $3, could be lower, for the new share offer coming up.
Look, you idiot. Those Chinese clearly didn't speak English, and they didn't know anything about stock frauds in the US and Canada. They simply bought the idea of reverse merger, which happens to be legal; and they thought those crooks from Canada were good people.
As a business deal, they signed on to cover the cost of listing in the US. It was a case of being deceived by some criminals from Canada and the US - what else was new???
Listing in the US is very costly from the start. They were sold by the idea of reverse merger, and they wanted to save some money in that process. There was nothing wrong from the Chinese side - they never heard of reverse merger before. So they bought into this "cheaper" way of getting listed in the US. And a lot of companies are still doing it today!!
The case was already closed. Here's the conclusion - nothing to do with the companies now.
"The SEC’s complaint charges Kelley, Tazbaz, Lockhart, Agriogianis, and Becker with violating the antifraud, securities registration, and securities ownership reporting provisions of the federal securities laws. Becker is charged with violating the antifraud and securities registration provisions. Kelley and Becker also are charged with violating the broker-dealer registration provisions. The SEC’s complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and financial penalties as well as penny stock bars.
In the settlements, Kelley agreed to pay disgorgement of $2,828,353.53, prejudgment interest of $560,812.47, and penalty of $2,828,353.53. Lockhart agreed to pay disgorgement of $1,819,211.77, prejudgment interest of $332,268.15, and a penalty of $1 million. Lockhart also consented to a bar from participation in any penny stock offering. Agriogianis entered into a cooperation agreement with the SEC under terms that reflect his assistance in the investigation and anticipated cooperation in the pending litigation. Agriogianis agreed to a penny stock bar, and financial sanctions will be determined by the court at a later date upon the SEC’s motion. Kelley, Lockhart, and Agriogianis consented to the entry of final judgments including permanent injunctions without admitting or denying the allegations. The settlements are subject to court approval.
The SEC’s investigation was conducted by Jennifer A. Ostrom and Kurt L. Gottschall in the Denver office. The SEC’s litigation will be led by Leslie J. Hughes and Nicholas Heinke. The SEC appreciates the assistance of the Ontario Securities Commission."
The SEC is always too late to the table. The reverse merger happened in 2009. Those crooks were long gone.
This company is rock solid in terms of its business model and its pristine balance-sheet.
A "jerk" is someone who used many different ids to have conversations with yourself - you're more than a jerk, you're a psycho, with a sick mind. Everyone knows you've lived on this board since before 2000.
Didn't you show off your trading powers with different ids? "Perfect trading record"? Trading_in_the_zhone??
You need to see a shrink.
How many ids do you have now, xxx_xxx_xxx_zhone ??
It is not about "you" or "me", you know. It's about being honest as an investor and an individual. Every time when you showed up with a different id, it says you wanted to cover up something. Honest poster doesn't do that to other readers. It's clear to me that "4" rating was done by your lonely self. It's pitiful, do you know that?
I hope you will learn to be truthful. It's good for your soul, and good for others who actually took you seriously even for a minute or two.
It's funny how those posters do things.
On the way up, I was cheer-leading with the most followers and highest ratings - because I was nearly 100% correct on my calls and every bull loved those calls.
On the way down, I was still close to 100% correct on my calls, but yet, those posters stopped loving my posts.
So, it's not about who's correct. It's about who is with "them" - they're not here to make the most of money. They're here to waste their time and energy.
Fortunately, not everyone do the most stupid things. There're still some bought my report and started to understand how this company will perform in the years ahead.
I've learned that I could only work for the minority in the stock market - because I'm among the minority. In the stock market, only the minority win consistently, because only those winners will get to access the real knowledge and are informed in real time. Such is the reality about the stock market.
The blind always tries to lead on those message boards - and they're d**ned proud to be a losing bigger and bigger.
"Learn the game"??? LOL You got absolutely nothing but garbage talk.
Did some junior "analyst" at some firm just upgrade the stock to "BUY" before the earning report? And you people chased it to over $4?? I hope he/she bought a copy of my report now. And the downgrade will come to hit you in due time. That's called real "double whammy" - good choice of phrase - Remember that poster lied about everything and blamed me for his/her losses? The blind likes to lead on those Free boards - simply b/c they're free.
Read my blog, and read my report or get in the winning groups. That's where you will make and save $ in tens of thousands. You need to be among the elite - the privileged - you can be rich, but you must Choose to be rich first.
Life is too short to stay stupid and ignorant.
Still looking for "free tips"? LOL
Look where "Free" has got you with ZHNE? Free-for-all has never worked in the stock market. Free-for-all is the sure way to burn the ignorant investors in the public like you people - the biggest traders of the Wall Street have always set up the bull traps for everyone of you.
And just look at this board! Everyone looking for free tips are bleeding hard, but they do have a habit of showing up with a brave face and empty pump as always.
This game is always set up for the privileged minority who learned it the hard way - Free doesn't work. Not for me, and not for my readers. Because there must be a certain degree of "secrecy" about certain things in order to have the money flow to the privileged few who pay for the secret knowledge.
That's just how it is.
I don't "play" guru. Never did. But when you chose to play a "victim", you're into the game of childish.
It's unfortunate that this trading looks like someone leaked my report to some bigger traders.
I'm not surprised at all. But real knowledge is power and money in the stock market. Until you people learn to appreciate real knowledge, you'll keep losing.
The stock is doing exactly as I projected after Q4 2013. That's called real knowledge - it's priceless.
I've never seen you admit you're wrong.
And boy, you're a terrible investor - you shouldn't be doing things on your own in the stock market.
What else was new?
You're always too quick to criticize everyone else. But you have had no real knowledge about what you do in the stock market.
And you still insist that you know something for real. It's funny how hopelessly uninformed you people are.