the reality has been that all of prior management did nothing that the street thought was worthy of buying shares until this new management arrived last August 2014, regardless the stock is up 100% from the 52 week low. This time of year is always weak for stocks in general. This missing of a
conference was something , but in reality it means nothing in the long term. The
Slim guy is old management and it was time for him to go. Falcone maybe wanted him out and this is the outcome. I like this companies attitude- M&A, new products, investing and buying shares, management taking part pay in share with performance demands, strong connection with Wall St and
off 40% from recent highs.
Hairape- we get it so leave! You sold so why are you here? Are you like a stock angle?
I think we go higher and more M&A will happen this year and I believe that rev and earnings growth
Sentiment: Strong Buy
you must also buy the debt and I believe that they have over 200 million in debt- if your thought are correct then the price tag in 250 million
How much is there asset worth p1p2p3 and could they find a buyer that wanted to pay above firesale
look at yesterday - stock goes from 7.22 to a low of 4.95 in the aftermarket (devil's playground) go to 9.10
then this morning opens @ 8.40 and now @ 6.10- get the picture.
I am waiting for the lawsuit - it is coming as I know Xmas is coming in 7 months.
Another bonus- in 7 months only 1 more year of this creature in the WH- that is assuming that the US survives
they have destroyed so much wealth it is beyond belief the longs got killed and now the shorts are getting
killed. This did not have to happen. The financial damaged incurred is mind numbing. I will be the first to
sign up for a lawsuit because of lack of fiduciary responsibility.
trading is taking place a few weeks ago because they knew and then it is obvious that someone knows
something and this stock has spiked . It is truly disgusting. I hope a lawsuit ensues.
I took the hit. If they don't do the offer they pay 750k and the stock recovers. I believe that lawsuit against
management for lack of fiduciary responsibility . If they do the deal with current price at 5.31 where do they price it so the dilution is not beyond death.. This management team is beyond terrible they have destroyed
shareholder value to the max . From .95 pre to .26 in less than 2 weeks. shocking
not sure about funding either , but this acreage is cherry. You must not aware of this property in the best areas of the SE NM - these counties are sweet spots. The fundings an issue- the best thing they could do is either walk away or borrow from line and drill baby drill or do a convert debt or a preferred. The common share angle has gone Nuclear core melt down
where is the debt going around 225 million = buy out of 275 million - not sure about that- have not seen their reserves lately.
MM not running total trades until end of day. Maybe allowed him to print a better average.
It of course could have been a seller with size looking for buyer of size and cross was completed.
I think either or or something else, but those are the most logical.
May add more next week if it settles down and or something finite comes out on the M&A and financing
not sure how much more this stock could get beaten up. Most likely it would rally hard.
I also wonder if both parties can extend past the agreed date. There are so many variable
that is why I only bought 500 post shares or 10,000 pre @ .40-- funny how only a few weeks
prior I was trading out of this stock for a great gain @ .95
1. as screwed up as management has been & are currently- keep in mind that their ownership has been 20/1 RS as well and what little they have left has seen the same crushing disapproval by all investor types during the past few days of slaughter. This stock has always been a tough nut to crack ( not like Brigham Exploration- huge
winner 3 to 36 back in the early days of the Bakken)
Not sure we go from here - the pre split volume has been around 80 million-- of course day traders, flippers,
buyer last week became sellers this week & buyers this week have become sellers as well.
This stock has been level 9 of Hell for just about everyone except for the shorts. It is too bad that the uptick
rule was removed because without it destruction can be explosive!
We all know or some know that this current M&A is cherry, but the key is how to pay for it! There are options:
back out of the deal- penalty in millions I think not sure!
See if the street has interest in a conver debenture.
raise much less money and attach a warrant
Go to Apollo and beg for financial help ( heavy into Oil's)
Use line of credit for a short period of time & maybe on do a tiny offering and more later.
I also think that maybe management needs to dismiss themselves & bring in a new team- this would
really make a difference.
Of course I bought a very small amount when it dropped from 10.80 to 7.90 of course proceeded to drop to
6.50-- have not added additional because it could go lower & I would rather average down later.
This deal is very scary & they many mean that a bottom is near.
Lastly we must also deal with the Oil market-- oil goes down oil stocks go down. oil goes up oil stocks go up
- yet we are at 60 down from 100 6 months ago. Driving season should keep us around here but if our
loser President sells out to Iran then there is going to be more oil. Also in the fall the oil usage falls off until
winter so we could see 45 dollars again or if the crazy human's in the middle go wild then ?
does not take a genius to figure out that something went Nuclear and the implosion was not controllable .
Yes cancel the offering and figure a better way to fund and then earn the equity. I believe the street just has
little confidence in this team.. Other O&G companies have refreshed their balance sheet without a hitch example oas
I think if they somehow keep the M&A- as you recall when they announced that the stock was .95 or 19 dollars
-how about sell 3 million when the stock move back up into the teens. I think if they cancel the offering and still grab the deal eox rallies hard just a theory that most likely is totally wrong.
need new management and I believe because if this deal gets done that the funds will put new management in place because they own the sky and many skulls
with a lower price I think that they will shrink the offering and this will please the street and the deal could get done. I personal nibbled @ 7.75 because I am a speculator and the company is worth something. Keep in mind that 64 million shares voted in favor so they are the holders. some 25 million have already changed hands so we could be close , but the pricing is the issue. I believe that they are well aware of the dilution and potential of them all getting replaced- so I think considering the typhoon on the share price the offering will be make smaller and they will raise a fair amount of money-- Maybe this was all planned and they never believed that could dilute like a drunken sailor and the real amount is somewhat small and always in the cards. As you see the varied amount of streets you can go down is endless
Personally I may play this deal or I may miss it! this is railroad crossing action with the train out of control.
One only assumes that this will and must be price below the closing price so It appears to the oil buzzards that he and she are getting a good deal. I also think unless this bad party rallies hard at the close that the issue will be reduced. I think that from past visuals of these situations that 10% price below the close is believable. tread lightly with your wallet - this deal has never taken prisoners.
wife you got it all wrong-- the little is not really in the market anymore the institutions and hedge funds took the large losses in this deal . the management lost most of their investment as well.
painful for everyone -based upon this split and the other 1/7 this stock has a high water mark of 1100 dollars
new management needs to put in place and that could happen very easily because this team has zero control now
there are so many variables. the lower the price the greater the dilution. The new buyer want the cheapest price possible , but the lower it goes the less valuable the investment. New Buyer could
well short the box because they know the price of the offering is lower. Currently at 9 am PST the stock is 8.50 - from past history 7.75 could be the price , but we have too see how it closes.
some 15,000,000 shares have traded hands. I think new investor would cobble the issue if new
management came on board and this is possible because current management has nothing
You could buy now and make some cash or buy now and loose some cash- wild days in the oil patch
now it is also possible that not enough interest or the deal is reduced. Worse that red or black or green
joe I think this has some upside , but the proof should be earned. Did you see the Yahoo financial headline this evening? Bitcoin
so now around 5 million shares outstanding before monster financial raise. J Rice is a strong O and G player.
If by the grace of God the issue can hold @ 10 bucks- and the deal gets fully funded we will have another
17 million shares = 22 million fully diluted. that is a 220 million market cap. I think it is either funded lower
or after this offering and it stay @ 10 then it is overvalued. Usually as you know the deal is usually 10-15% below the closing price to get the players in so they think it is a good deal or the MM's short the deal so they can cover at lower prices. One assumes that the deal is effective so game on! I think $8 is a good entry spot for play-- long term this management has been the kiss of death for the shareholder- just look at their past
even this feb or march the did an offering @ $1.20 now .54
Someone in an earlier post said this has been the best short he has ever own for the past number of years.
PS the acreage that they have acquires is Cherry A+ . It is like a cherry on a string dangling for the snappers
I don't doubt that there many be opportunity , but your $1.25 valuation based upon 156 million share results in
a 200 million market cap with some rev based off their 6% of spoondoodle. Now the spoondoodle company
will back into the btcs public vehicle. The is opportunity - don't fully understand all of the corporate business
plan, but rev and earning demands high prices. Yes there might, could be or may be something very unique
from this play, but again pulling numbers out of the sky is hype. I am a shareholder