To Bob's credit, he never claimed to be looking out for the 'little people'/shareholders. As evidenced by no shareholder conference calls and a pre reverse stock split price of a nickel a share.
"Tree has been shook..." The tree has been shaking for the last 3 years! The recent dilution of 33% of the stock by the CEO didn't help. Unfortunately look for more debt and dilution to come...
I think at one point that was the plan but this isn't 2006 and the downturn in the oil and gas market makes these little nano-cap penny stock companies a dime a dozen. I'm confused you went from stating they should announce a future drilling plan, even though they have no money to do so, or announce an acquisition, again even though they have no money to do so; to declaring they should, 'sell some land... sell the company or merge.' It seems you are just grasping for straws. The only prudent move related to Dejour would have been to sell at .14 before the reverse split and buy back at .20 now.
And where is the company going to get the millions of dollars to complete your possible scenarios? Oh, that's right the CEO can provide the loan and then dilute existing shareholders by giving himself another 13 million shares!
Hey Fattie glad you are still around. The last post I recall reading of yours was over three weeks ago when you declared; "we start moving up this week..."
Andy you are too funny! Yeah... The stock is trading at a pre reverse split price of a little over .05 cents a share and it's the bashers and shorts that are angry, upset and stressed? Actually I find your posts contain by far the most hostility and animosity of anyones. You might want to check yourself before you wreck yourself.
That's all this company needs is a spike in oil production by U.S. companies creating an additional glut in natural gas!
I've got a buy order in at .19 cents. You could buy some now at .29 and make money selling into any future brief nat gas rally. The only advantage of the lower float is the opportunity to day trade the stock around a core position. The problem with Dejour press releases is that each of their silver linings has a cloud, for example the last one, or their quarterly financials which almost always have a 'one time' million dollar expense or right off that keeps the company from showing a profit. Don't forget the oldie but goody our production was lower than expected because we shut down several of our wells for work overs, and didn't care enough about our shareholders to inform them before they got blindsided.
"I thought you were smarter than that Red." Why did you think that? He's been arguing with anyone who warned him where this stock was headed for the last 6 months.
"anybody's guess is as good as anyone elses.." Yeah, I suppose. I just take issue when the guesses are based on unwarranted optimism. Here are some of my guesses based on the realities of the decimated oil and gas sector. The company couldn't get traditional long term financing because Dejour is either being forced to re-negotiate a lower work interest with Coachman, or that Coachman is suspending further drilling until the sector rebounds or that the current wells will be shut-in until prices recover or that more dilution is on the way or.... Hows that for guessing?
"They need cash in the near term" How does the recent dilutive loan extension provide cash? "need to purchase quickly" You're not suggesting another dilutive equity offering is on the horizon, not this company! Maybe we can get another loan from our CEO if we give him the opportunity to purchase another 13 million shares at .10 cents each.
Let's see, their announced strategic plans are to drill 175 million dollars (their share of the total cost of wells) in the next few wells Kokopelli alone. You do the math.
Derddy, the problem with your hypothetical scenario's is that Bob doesn't care about you or your wants as a shareholder. I fear Bob's ego will get in the way of a realistic buyout offer. I owned shares in a small speculative stock when it was trading at a buck a share and an investor asked during a conference call if the company would entertain a buyout offer, he said yes but everybody was offering low ball figures of 3.00 to 4.00 a share. The stock is trading for .15 cents today.
If you are a shareholder of Dejour it's happened to you before and it's happening to you now! The Board member that resigned most likely wanted no part of a breach of fiduciary responsibility lawsuit.
You just know Bob's got the best interest of the common shareholder in mind when making decisions about the company. That's why he holds quarterly conference calls, so he can keep us valuable shareholders informed. The timing on the pricing of those warrants had nothing to do with the purchase price of them. They could have been priced at a nickle or a dollar. Pricing them at a buck would have showed the street he had confidence in the company's future. What would be the most upsetting would be to find out we could have gotten long term financing from a lender without diluting 35% of the outstanding shares but Bob chose to line his pockets instead. I wonder if that was why the board member resigned?
I thought the psychology of a loser was to make a bad buy and still pump the stock day and night? Look ate me, I bought this piece of $&!$ and lost my #$%$ now I'm gonna make a career to sit here and pump this stock and pretend everything is going to turn out ok.
I know! There are large block buy orders in the upper teens and the MM's have been keeping her propped up by waiting for small block buys to be submitted in the mid .20's. Let the street bring this stock down to where they value it in the teens. We would all benefit in the long term.