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Ancestry.com Inc. Message Board

meh76_1999 89 posts  |  Last Activity: Jul 7, 2014 3:09 AM Member since: Mar 20, 2012
  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 2, 2014 10:52 PM Flag

    ntc, I am talking about REAL dilution, like a CR. That is what McCrady's message refers to. No CR has been announced in the last two releases and McCrady says we won't have one for the next leg of growth. New shares tied to exec comp is not REAL dilution.

    Iona market cap is less than half the size of Sundance's. Apples to oranges. I'm glad Sundance is spending millions on g&a because that means the company is GROWING. That's a good thing.

    I did not restate what you said about profit and g&a. You seem not to understand that profit means what is left AFTER expenses (expenses INCLUDE g&a). I do understand that simple concept.

    I never said you have no right to post here. I just think it's weird that you own no shares and yet are here every day bashing the stock. So I was wondering why. I guess you want spread FUD in hopes it will go down so you can buy back in. I highly doubt that will happen, because the company is obviously in great shape with the new acreage and forthcoming 2014 production increase.

  • Reply to

    Fri vol, 49,600

    by trollen32 Jun 2, 2014 9:21 AM
    meh76_1999 meh76_1999 Jun 2, 2014 5:51 PM Flag

    only 40K today...still that's an awful lot of trading between tiny numbers like 0.0309 and 0.0310

    ah well 1H 2014 is almost over and hopefully 2H 2014 will bring the drill bit as expected

  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 2, 2014 5:47 PM Flag

    Your last paragraph is a false premise. Profit comes AFTER g&a expenses are paid. Otherwise it is REVENUE, not PROFIT. Every company has g&a expenses and there is nothing extraordinary about Sundance's. So no, your scenario would not bother me--you have to pay the people who make money for you. Sundance did that and still made a nice profit, and has done so for several years in a row.

  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 2, 2014 5:38 PM Flag

    The announcement is about MAJOR dilution, not ticky-tack stuff like the usual executive compensation packages. McCrady has done outstanding work growing the company and in my opinion deserves to be compensated for it. I have no problem with that or with g&a expenses. The bottom line is that Sundance is a profitable, rapidly growing company that has already made me some good money and is going to make more of it for me (and others who own shares).

  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 2, 2014 5:34 PM Flag

    ntc, how do you expect to make money here if you don't own any shares? I'm here because I own shares, have made money on them, and expect to make more (since I know the recent valuations of Eagle Ford acres).

    The discussion you are proposing depends on McCrady lying about company plans going forward, which he has not done in the past, and so I see no reason to think he'll do now. What you say is a FACT is, surprise surprise, only your opinion (one that assumes McCrady is lying).

    As we've already discussed in the past, there is nothing extraordinary about the company's spending on g&a. Also, as McCrady said (and as I have already repeated to you in other posts), the company will be funding operations out of o&g revenues, the greatly increased debt facility, and the company's substantial cash balance owing to its highly successful land sales.

  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 1, 2014 9:54 PM Flag

    If you'll read the quote from McCrady again, it refutes or renders irrelevant pretty much everything in your post. We've been over all this before, and yet you keep posting the same flimsy complaints while the company is making moves that will lead to a multi-billion-dollar payday when the company sells (or a multi-billion-dollar market cap if it doesn't), and now you say you don't even own any stock. You've said goodbye to us at least three times already in the recent past, and yet here you are again. Why are you still here? I am sure you'll keep dodging that question, but it's basically rhetorical anyway, so no worries.

  • Reply to

    McCrady Announces End to Dilution

    by meh76_1999 Apr 30, 2014 4:17 AM
    meh76_1999 meh76_1999 Jun 1, 2014 4:07 PM Flag

    just another reminder to ntc, who seems to have forgotten that Sundance has announced there will be no major dilution to raise money for this next leg of growth. He also seems not to understand that past dilution is what allowed Sundance to pick up 20K acres in the Eagle Ford play and become an attractive takeover target along the lines of the recent $2.3B AUT takeover (which would give shareholders about a 400% gain from current levels). Newsflash: small companies use dilution to grow. Sundance has used it very wisely, and now has reached a point where it can do without dilution for the next leg of growth.

  • Reply to

    Sundance sell Wattenburg land for 116 million

    by winallin12 May 25, 2014 10:36 PM
    meh76_1999 meh76_1999 Jun 1, 2014 3:54 PM Flag

    hey there, manciata, I recognize your handle. Glad you've been able to take some profits and I'm with you on that endgame. You've been in Sundance a little longer than I have--believe my first purchase was around Oct or Nov 2010. Wish it had been when you bought instead (pretty sure it was significantly lower then), but got some nice cheap shares in 2012 at least (when I had more dry powder than in 2010).

  • Reply to

    Sundance sell Wattenburg land for 116 million

    by winallin12 May 25, 2014 10:36 PM
    meh76_1999 meh76_1999 Jun 1, 2014 3:45 PM Flag

    The company is going to break its all time highs soon. I don't need it to happen right this second. As of today I am up about 100% on my Sundance investments (and others here have done better than that). Maybe that's not good enough for you, ntc, but it works for me. Plus it would take a blind person not to see that Sundance is heading upward with these latest transactions and announcements. Anyway you own no shares here, so why do you care?

  • Reply to

    Sundance sell Wattenburg land for 116 million

    by winallin12 May 25, 2014 10:36 PM
    meh76_1999 meh76_1999 Jun 1, 2014 3:49 AM Flag

    I'm plenty happy with Sundance success so far (much better than 5%, ha) and looking forward to more of it. I'll happily take a double in two years. Couldn't care less about trying to have the biggest gain in the room this past week or month or whatever. When some bigger o&g buys Sundance in the next year or two I'll take a look at cazff and others. Or better yet maybe Sundance will just keep growing and growing and growing on its own, and I'll have a look as I'm taking the profits on that. It's not like there's going to be a shortage of sub-100M market cap o&g stocks to invest in, at least not any time soon.

  • Reply to

    Upcoming catalysts.

    by luigi4500 May 4, 2014 6:15 PM
    meh76_1999 meh76_1999 May 31, 2014 3:01 AM Flag

    good stuff

  • Reply to

    Can you increase your odds?

    by sacbunt306 May 29, 2014 9:14 AM
    meh76_1999 meh76_1999 May 31, 2014 2:56 AM Flag

    great post, belongs on front page

  • Reply to

    Inovio - Challenging conventional thinking......

    by markbuti May 28, 2014 5:46 PM
    meh76_1999 meh76_1999 May 31, 2014 2:48 AM Flag

    this is just a great post that deserves to be back on the front page

  • Reply to

    Sundance sell Wattenburg land for 116 million

    by winallin12 May 25, 2014 10:36 PM
    meh76_1999 meh76_1999 May 31, 2014 1:50 AM Flag

    Tro, agreed. I've been too greedy to sell any on this recent run yet (believe there is a ways to go yet in the next couple of months), but I like your strategy. Take a little off the top when it runs, but keep a nice core for the long-term payoff. I have no problem buying low. Much harder for me to sell any, though, when I know it's a great company (but I need to learn better, because even great companies will fluctuate in share price, of course, and it's harder to buy low without dry powder!).

  • Reply to

    Sundance sell Wattenburg land for 116 million

    by winallin12 May 25, 2014 10:36 PM
    meh76_1999 meh76_1999 May 30, 2014 1:31 AM Flag

    By the way the company has just today maintained its 2014 exit-rate guidance of 8000-9000 boepd despite the sale of the Colorado assets (which were producing 567 boepd not counting the recent horizontals completed or underway by the time of the sale).

    Up again in Australia tonight...

  • Reply to

    new EFS acreasge

    by crysball2 May 27, 2014 1:08 PM
    meh76_1999 meh76_1999 May 29, 2014 6:17 PM Flag

    the earlier rallies were anticipatory and exceeded the true valuation of the company at that time--smart investors took some profits at that time

    as you know, stock prices go up and down

    My last purchase was at $.78 a couple months ago and I am now up over 25% on that purchase, so basically your post is just wrong--this stock has done nothing but make money for me (and many others)

  • Reply to

    new EFS acreasge

    by crysball2 May 27, 2014 1:08 PM
    meh76_1999 meh76_1999 May 29, 2014 4:57 PM Flag

    what lost gains? The Aussie price is sitting $.02 below the all-time high and the only reason the US price lags it a little is because of the strength of the USD relative to Aussie dollar over the last year. Or have you not noticed the share price rising ten cents over the last 3 days or whatever?

  • Reply to

    new EFS acreasge

    by crysball2 May 27, 2014 1:08 PM
    meh76_1999 meh76_1999 May 29, 2014 3:42 PM Flag

    I think my previous post pretty much says it all, and obviously the market has agreed the last few days since the announcement. The concerns you mention are either not concerns of mine, or else are so minuscule as to pale in comparison to what the company is accomplishing right now.

  • meh76_1999 meh76_1999 May 29, 2014 4:56 AM Flag

    OK, thanks

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