Remember Joeh... it's wicked important to do your own due diligence... even though freeflywa was approximately right... you shouldn't take our word for it when it involves thousands of your dollars. If I had time over the course of the next couple of weeks I'd fly to the drill sites myself. Because unlike some of the cancer studies with oncy... at least you could actually see the drill rig in place and possibly talk to a few people on site. But short of that... there are some sources out there that you should be checking on yourself. If you have close to $20k in this... you shouldn't be relying on us.
A regular split will likely happen in March (same time as last year)... when it hits about $80. Look at the one year chart.
You're a moron. He has been at the helm of both of these for multiple years now. And now Pixar AND Disney both compliment Apple even more now.
Imagine for a second every disney classic film on your kids' ipods that is then hooked into your car's DVD system for those long road trips... or nite's in front of the integrated ipod/Disney entertainment system at home.
Just the beginning folks.
You all have my sincere apologies for seemingly promoting ITEK on this board yesterday. My intent was certainly not to drag anyone down with me.
Dark ONCY... you are absolutely right when it comes to doing your due diligence and the importance of really knowing a company before you invest or I invest our hard earned money. And yesterday morning I absolutely did NOT do that with ITEK.
And until I did my full homework... it was certainly wrong of me to put that stock on the board and have some people lose some money right along with me. If so... you all have my apologies... and like I USUALLY recommend around here... before anyone invests... I urge everyone to do their OWN due diligence.
I definitely was seriously trigger happy yesterday... and by not doing my homework... I just lost some quick money before I was able to sell this morning... but based upon warnings from Biotex and elseinvestor... it looks like my hit could have been much worse if and when a 10 for 1 reverse split ultimately took place. Of course it would be terribly ironic for the company to somehow take off and go on a serious run. But bottom line I should definitely some much better DD before throwing my money around.... so points well taken Dark Oncy on that.
In terms of FNGC... that one I have studied for a few months before I invested and then invested some more. On this I am running out the door so I don't have time to go into the details. Please do your own DD and at least call investor relations and do some digging. The bottom line is... that last year this company was all speculation. They had their properties but no wells were sunk. They have now drilled 4 and all 4 have hit. You will likely find out prior to Feb 15th just how much they have hit... but they will be going from never having revenues to generating revenues as the result of these wells. Don't take my word for it... I know my credibility is a little tarnished here this morning. So call investor relations, start there... and then continue digging and see whether its a wise investment for you all.
Thanks again to everyone on the board. For as much smack as everyone talks from time to time... you all did an amazing job of watching my back.
Biotex... I think you are actually right on with that third scenario. Nobody in their right mind would sell 95% of the company for a mere $3 million. He would have to be destitute and homeless to settle for that.
That said... the current market cap at the end of trading today is $16 million. Based upon some basic back of the napkin analysis of the market opportunity... I believe they could easily be a $50-$75 Million dollar market cap company within 2 years.... Which is 3-6 times where the company is today.
Hence I estimate that a fair market potential for this little company could wind up being somewhere between $1.29 - $2.58... or there abouts.
Definitely appreciate you both watching my back on this. I believe when you analyze it from it's current market cap standpoint and the market opportunity... Bio Tex's third scenario is much more likely.
I will follow up just the same. Thanks... and I owe you both a good dinner for watching out for me.
I saw this article this morning on this company... http://www.dallasnews.com/sharedcontent/dws/bus/stories/012506dnbuscuban.39f4386
In the article it talks about how Mark Cuban is buying a controlling interest for .68 cents a share. Then I look this morning and I see this little company is selling for only .21 cents a share. I did not get in until the mid thirties... It's at .41 now. As I see it... it's got .27 cents more to go.
Take a look... itek.ob
Bio tex... thanks for the very sane and very logical response. Everything prior to that presentation is pure conjecture.
If anybody is looking to make money daytrading in the next month... there are plenty more volatile plays than ONCY.
In terms of FNGC everyone... Call into Falcon for the latest updates. But press releases on the soon to be revenue producing wells... should be out prior to Feb 15th. I won't get into any more details here... lest anyone think I was attempting to pump the company.
You should come back and talk to me when that portfolio fund of yours that you analyze for generates a more significant return for your portfolio that myself and everyone else in here are able to generate for themselves on their own.
You should also just keep your mouth shut until you're more than just a mere analyst in your little 8x10 office on the 63rd floor... feeding information to the real men in the corner offices... where the real decisions are made.
Have a good weekend buyside... and when you make some real money... you can go out to the Hamptons where the real decision makers summer... unless of course you are still mooching off of mummy and daddy's place.
don't be too brash Joeh... not good Karma. Just do your home work and let the chips fall where they may. And then hopefully your prediction will wind up looking very conservative. I've even gotten away from recommending stocks to friends and family. Always turns out to be bad karma. Now if something hits... I'll just take those folks out to dinner and try to just stay humble about it.
Have a good nite.
At 47,000 shares... losing .04 cents on the day has a real good sting to it! That said... I think we have done all the homework we can... short of going out to the fields themselves. If there is anybody in the geographical area of these wells that can go out and do some on site DD... let us know. But have some patience for a couple of weeks. This should be interesting.
For any of you that have any money in FNGC... I would encourage you to call Falcon investor relations. The news is all good... but will not be disseminated until the end of the month. You can find Falcon's phone number at their website... so you can get the news from the horses mouth www.falcongas.com
Important to note in this second field... which was a different property than the first... that all the players chose to "participate" in the ongoing development of the well. If the news from the well was not positive... you likely would have seen at least one player that wanted to jump ship. But that did not happen. They are all very much in the game. Should be interesting to see what the continuing results are. Good luck.
Looks like a seperate development field also hit... but did not make the FNGC newswire. Also looks good... http://www.marketwire.com/mw/release_html_b1?release_id=105808
Amazing how you can call me pompous and insecure with a name like "buy side analyst". Is that supposed to make us respect you more? Whatever dude... get a life.
At least though I don't have the audacity to call myself a buy side analyst. Perhaps I should end any of my comments with JMHO... but I didn't. I will do from now on. As I have said in all my posts...do your own homework. Don't take MY word for it. Don't want people to. I want them to really know what they are buying and selling. It's up to them. All of this stuff is just my opinion... mister buy side analyst. "that said"... I welcome your or any opinions on anything I can learn and profit from. And if that makes me a pompous ass... so be it!