You are right in the share value is more important than share count when it comes to highlighting significant trade vol. on a penny stock so regulators might need to stand up by investigating as to why one is buying such a large percentage of HUSA without any positive news.. in fact the company mostly issued concrete negative news while offering only speculative solutions to improve our share holder value. The re certed the standard boiler plate safe harbors statements putting us on notice. So why some one would rationally buy a huge percentage of our company at this point?? I would like to think the stock market's integrity is more important than any one issue. I need to believe individuals still have a fighting chance to make gains with rational thoughts and retire.
I am also 62 and wonder what kind of business have you started when retirement is looming. You must have been in the waning Vietnam war draft days. I was in college (72) and remember the political turmoil that seems to permeate our current upcoming presidential debates. Not much has changed.
I agree that one needs to keep life priorities in perspective by reflecting on the sacrifices made by our soldiers. Hope everyone can agree that we need to pay respect to our Vets. I am spending a great Memorial Weekend on the Worlds most famous beach. Not much to complain about..
Since there has been no news then no one knows who or what is behind these swings..Conspiracy theorists might suggest that JT unloaded one half his holdings on the first surge and the other half today.. That would be one of the few 10 million blocks held that could account for the volume.. I just can not fathom a rational reason why anyone would buy this without any news.. Any one connected to the Houston Oil community? They may have heard of some speculative rumors that someone may have floated to induce some buying.. That community has the kind of money that they could throw away that kind of money without a sweat..kind of like me buying my $10 lottery tickets weekly. Something that I can dream about.
Lets qualify a bit by saying an official announcement with some concrete meaning.. not one that has us buying an exclusive oil concession off of Miami Beach. One that a deal will actually close and yield some revenue to our bottom line.. Hopefully a deal that is domestic and not some far flung land that our securities officials have any jurisdiction.
Not sure I would admit losing that much on a small highly speculative oil exploration company with no revenues but I commiserate on the feeling of being duped by mis leading PR releases and phone conversations with Tewilliger... Heck.. between what you and I have lost in paper value we could almost purchase the entire company today.. how times have changed... Hope someone will give us the temperament the upcoming share holder meeting.. Meanwhile the only ones who have made any real money are the executives paid significant salaries.. hope they start making what they are taking out of us by finding some magic dust that turns to oil.
Tim .. Are you suggesting they fell for the oldest real estate line and bought Florida swamp land or perhaps worse Miami beach front property as an oil concession.. The only thing they will find there is swamp gas..not much value.
One way they could Shock and Awe us is to propose a special one time cash distribution back to the share holders ..in the event that no one has shown genuine interest in merging or buying any assets and any future efforts would be futile.. why not it is our money...and should be used for the our benefit.. If they took the high road then their reputations would be enhanced and perhaps they would have a future in this industry.. Like all of us I hope they find a magic pony under the Xmas tree
A couple more thoughts.. If you think the mystery stock dumper was Terwilliger.. it will be interesting to see if he presents at the June share holder meeting.. he is still on the payroll as a consultant.. It will be telling if he shows and makes himself open to questions. I hope for our sakes he shows and still has an interest is selling this to his fellow Houston oil investors.
As far as the regulators watching this closely.. I doubt it since they have too many big fish to fry.. we are definitely under their radar.. if we want their attention then we will need to shoot off some emails.. That is too early to do.. just wait.
Tim... Now that is not the kind of Shock and Awe I am dreaming for... I thought there were a few producing wells left.. not significant revenue but something?..
How much is a shell company that is trading on the NYSE and has some tax loss credits worth these days?
I would like to know who they hired for acquisitions and mergers... a ploy to drain the company faster via an insider confidant or a real effort to salvage our on going status. Suspicious at the timing of recent announcements.. Waiting years for Serrania license only to have it pulled within weeks.. Someone had to have known something.. perhaps we never really had a chance of getting a viable license.. I know some one would take our money to drill for oil off Miami Beach if we were naïve enough to give it to them.. like buying Florida swamp land .. located in Florida but not exactly prime developable land.. real estate is all location.
Currently, I agree no one is probably going to probably buy assets for market value and yet no one is giving up their assets. At this point there is a huge amount of money In this industry waiting for opportunistic deals...without cash.. we are the weak ones waiting to be picked apart.. if the execs are able to keep this afloat without devastating dilution I will be the first to send my congratulations. I suspect they will go to their old game plan and inject some conjecture to give us hope ...another paper deal... and then slam us with a private placement ..diluting our holdings so they can continue to hold on while collecting salaries.
The game must go on. I guess?? I hope... I pray... all without any concrete evidence. Go HUSA .. Up that is.
All time lows are approaching due to no concrete positive news on possible production... that is oil discovery and or production.. will be interesting if anyone attends this years annual share holders meeting in June.. If they have nothing but the normal ie. conjecture on future events, salaries and stock options for the execs) to discuss at the meeting then I suspect we are going no where good... For all of our sakes I hope they give us some shock and awe.... GO HUSA!! Up that is.
Yes . I believe it says Hasta La Vista Baby... The FARC are passionate nationals that have turned environmental on us and we are smal foreign investors... who do you think has more political influence. They gave us the answer to that question when they rejected our license. Just because we want or need to believe the govt. is making a bad decision and some how they will wake up very soon and realize it does not give me any hope it will happen.. not at least in time to make a difference to our HUSA investment. It all lies in the reputation of our executives.. do you believe in them and will you put more money up without any more concrete evidence that they will produce.
#2 Yes we need capital to continue being an on going concern.. Sell Serrania back to the operator at this point may make be an option .. but it is certainly damaged goods during a time no one will pay a premium on un proven oil concessions in a foreign country. It certainly would be an improvement over our disposal of CP-04 .. where we had to pay the operator to take it back... Another question a potential investor would ask when handing over speculative money to a company raising funds for future investments... is how successful have the executives been in returning profits? Not sure the answer to that question since our CEO is new to this company and the company has had a checkered past.. I know I would not put up any money unless given a sweet heart insider type deal.. Perhaps we can get lucky and find the perfect acquisition or merger that needs our carry forward tax loss and we can get some return there... For me it all boils down to how good our CEOs reputation is among the Houston oil investor community.. Hope he is not on board for an easy side salary. As always ... lets raise a little and wait until next year so we can pay some more salaries and buy some more office supplies.... god forbid we would want to dril and actually produce some oil
I think the market has spoken and it is stating we are no where good. All recent uptick volume replaced with selling into the news.. This was not the news I was hoping for... they just opened up more questions than giving any answers. .. I can see if these guys had outstanding reputations based on past success and would warrant some investor in putting money behind them but that has not happened. Why did they not name this acquisition specialist? Most news presses do when they hire a mergers and acquisition firm. Perhaps it is a relative with no experience and another way they can accelerate cash burn to zero.. Like is suspected someone is planning on taking this private for a dime.. our dime.
If this recent uptick in volume is reflecting some knowledge or even speculation that a plan was filed with the NYSE then don't you think the company owners (shareholders ) deserve to be let in on it? We have obviously not escaped the silence of the 2014-16 iron curtain. I think they need to start up some press releases that inform us on relevant news affecting our franchise.. Columbian operator license status.. NYSE pending delisting resolution plan to name a few... No SEC officers breathing down our necks or impending class action suites .. just some news depraved shareholders wondering what we actually own.
My bet is some one with significant vested interest will announce they are making an offer around 0.2 per share. I earlier thought that our former chairman or one of his associates would take this issue private since creating a NYSE listing would cost more than they could take it.. then add capital and start the game all over again. .. Remember the time clock is ticking for its de listing unless they get more capital and a higher share price .. which will not magically appear.. The last concrete news that I believe is the ANA revocation of our operators license...that is not good news.. and one less leg from which we stand..
Again I have significant holdings at 0.7 per share cost basis and really have prayed for this to have a fairy tale ending.. I have never seen a fairy tale ending unless there has been some share holder activism ..We all are hoping for a miracle.. and they rarely happen.. I have yet to win the lottery
I know I never received any check from the legal recovery fund for my claim..Hmmm?? where did it go?
I was going to sink any return back into HUSA but now if I ever get a penny I am not so sure until well after we settle on the pink sheets...which should cause the company to make something happen within a few weeks.
It is quite simple and straight forward.. the management has a choice to either allow our company to be delisted or to try and float some treasury shares to raise the needed capital. If they raise capital then you can rest assured that their will be no eminent news of oil.. only the fact that there are some new investors with some shares and a promise that we may drill someday. The posters who have been around for over 3-5 years can tell you that our website has always stated that serrania is to be drilled each year..don't count on this year..or next until there is some announcement that equipt is being leased and put on site.