Good read... you 100% agree about paragraphs.
What is the agreement? Not having any?
Leave out the politics...that's baloney How did Bush and Cheney make money and where is it?
I receive the full dividend in my Rollover IRA from BLX. Nothing withheld.
disclosure: stockholder for over 5 years
I know what you mean about being attacked for being honest.
I don't even call names and attack other posters.
Basillman is a little girl...a little baby girl?
How old is she?
At least she doesn't seem to bother you.
She sure does bother this message board, and you get the credit for that...even if you felt you were being honest. And you kept going back over there to the CCTC board and stirring the pot.
It is ironic how much the two companies now have in common. It is fitting that the two message boards are so intertwined.
You never did tell us how long those frack deals take. Are we still waiting, or did the deals fall through? TMEN is so unlucky, fracking is contracting at an alarming rate. TMEN will need to find a new market.
So, what took investorchicago_66_upa over to the CCTC board?
It sure did bring a bunch of misery to this board in retaliation.
It seems at this time CCTC has more going for it that TMEN. They are still filing reports and putting out PRs.
It does look like they are suffering the same fate as TMEN. Not finding any investors willing to fund them any longer.
Is investorchicago_66_upa something special to you? You show up here every so often and talk about him and his involvement in the CCTC board.
They actually are cutting spending $570 million down to $200 million from last year's $770 million
As I said...I asked know_it_all_paul if he could check the corporate headquarters. I did not say I believe it...but think about this...
It has been three months since you talked to Mr. Landegger. that is 3 months of expenses.
They took a loan out 8-21-13 for $4 million
As of 3-31-14 that had $1.3 million left...a burn of $2.7 in 7 months.
By 6-23-14 They were needing money as shown by the filing saying a loan for $240,000
Was it that small a loan because it was all they needed or because it was all the loaners would give?
Since they reduced personnel count...that would make me think it was all that was offered. Not, that they were doing business and making money. is that negative? yes, but all I can do is read between the lines of the filings.
If they are doing smaller deals who is building them? If someone called wanting something. It takes trips to the business, plans, purchasing, construction, delivery. What is the profit margins of the smaller deals? Give me a guess?
Again, It has been 7 months since they received the $240,000
That is about what they were spending in one month.
How much less is it with reduced headcount?
It is much easier to believe that the "for rent" sign is up and everyone is gone.
That is easier to believe than "two deals" as they have not done even one.
It is not about the poster, but about the company...which is most likely by their history. They have had a "going concern" warning for years.
I appreciate your point of view and opinion.
As you know, I read all the posts also.
I am not sure what you are referring to as the poster being wrong in the past. If someone says the business will go bankrupt...that is an opinion that can be wrong.
But, that is not the same as saying there is a "for rent" sign
That is a fact or it is a lie.
I remember him saying that they had reduced headcount and that was confirmed in the filing. That caused me to learn toward believing his posts. It has to do with plausibility also.
The posts could be wrong. That is why I asked know_it_all_paul what was going on at the company headquarters. He said he lived in Worchester.
That shows I want proof also.
How long do you think the $240,000 from June 23rd lasted? Even with a reduced head count.
Will you tell me how they are staying in business?
If you say they are getting small contracts... as suggested.
Who is building them? did they hire back people?
How are they buying the equipment to build them? credit?
Who is selling them?
Explain a scenario of how they are keeping the bills paid and the employees paid.
That is a fair question because the most believable thing is that they ran out of money and laid off the remaining people.
Is there any reason to believe they will ever give any information out about the company?
Seems all there are for TMEN is questions.
What going on at the company headquarters?
Is anybody there?
Information posted here is that no one is working any more and the "for rent" sign is up.
That seems likely as TMEN has always had to have financing and they have had none but a small loan about 7 months ago.
They stated in their Q1 filing...
Management and the Company’s Board of Directors continue to evaluate options for funding to continue operations under the Company’s existing structure. To date, efforts to secure financing from new investors have been unsuccessful, and the likelihood that funding will be available from sources outside of those who have provided financing in previous rounds is low.
They are saying that if those currently providing financing refuse to continue, the chance that anyone else will provide money is low.
The amount of the last financing (TO ME, IMO) showed that that funding source was drying up.
The "for rent" sign and all workers laid off confirms it, if true.
You have poor reading comprehension. where did I say anything was not factual?
My point is...PGH just made huge changes in their capital plan and clearly explained what they plan to do to "weather the storm" as they call it.
You talk about the share price compared to the past drop when the banks collapsed.
Can you see how limited intellectually your posts are?
Try to think and challenge people.
Investing is about the future. PGH laid out their future.
If you can't sleep with what PGH says and the volatility of oil, sell and buy something else.
Just because you are dying here, doesn't mean you should bore us to death.
What is your game here? You are here for a reason. I would like to know because you are boring as hell, how many posts today? Surely you realize people know you have a hidden agenda. You can't be that stupid, can you?
You do realize that?
Welcome to the TMEN board.
I have been following and posting here longer than anyone else with this same continuous ID. I have followed TMEN closely and have read every filing, report, PR, presentation etc.
In their NT filing where they state they will not be filing the Q2, they state the reason as being reduction of workforce. That there are not adequate personnel to collect the information.
Their most recent filing(Sept 2, 2014) is about financing of $240,000 If you read all the parts of it you will see that the loans could be as much as $500,000, but not to exceed that.
We don't know if they have had any other money come in. In Q1 they had revenue of $202,000 from the CASTion side of their business. Some of that could repeat.
It would seem they will not be filing any time soon because...
1) they said they would not in the NT filing
2)they don't have the people to collect the data
3) posters here say they are not doing it to save money
4) they seem to be very low on money.
I hope this helps
How in the world can they do that? Maintain 71,000 bbl/day? while cutting back $570 million dollars?
I will tell you if you don't know. It is very simple. The money has already been spent for the production that will make up for declines and the sale of some production.
Can you now guess?
I hated to see the dividend cut. But, they have a lot of shares to pay it on.
We will see what the price does tomorrow. The cut is a negative but all the other info might counter it. I don't see a big change, up or down. The down hit today already.
We will still be more sensitive to the price of oil than anything.
•A significantly reduced capital program for 2015 of $200 million, representing a 74 percent reduction from 2014, with no decrease in expected production compared to 2014.
•A revised two phase development plan for Lindbergh that is expected to deliver total production of 40,000 to 50,000 barrels per day (bbl/d) with $800 million less in capital spending, which also incorporates the deferral of Lindbergh Phase II by one year.
•A 50 percent dividend reduction to $0.02 per share per month, which aims to balance 2015 cash inflows with capital obligations and dividends.
•Enhanced focus on management of all aspects of capital, operating and G&A cost structures.
•Commitment to ongoing hedging efforts to protect future cash flows and capital programs. Existing hedges are expected to protect more than $300 million of cash flow in 2015 at a US $50/bbl WTI crude oil price.
No, I just use my brain to do more than criticize and call names.
The poster said they "need water in Dubai"
What water would that be? He did not say to clean produced water (they use sea water for flooding and would not need to clean it,would they)
So, that leaves drinking water IMO as the most likely "need".
How do you get drinking water in that part of the world?
You desalinate sea water, millions of gallons.
Does TMEN do that? Not as an active business that I know of.
So, I decided it was a bogus post.
Now, you argue as to why it could be a legitimate post.
You can't do it. You can call names and attack people...that does not take much thought or brain power. No wonder you bought this stock. You don't think. You bought the hype. Go check out the iHub board. TMEN is being pumped on it. You could join in.
Three things that are odd to me about this post.
He replies to an odd thread with a personal response "you aren't right aboute anythink", as if he is emotionally involved with this poster.
The time it was posted caught my attention. He said he lives in Dubai.
Spelling is fragmented...but "aren't" ??? doesn't fit... should be "you no right" or "you not right" to seem plausible.
I guess I am skeptical, but I don't believe any TMEN people are in Dubai.
I guess we can wait for the PR. He says "Soon"
I call BS
They have some hedges in place and could stop all drilling and related expense.
Good point. Phase 1 is bought and paid for. Oil will be flowing in a few months. They just have the steam generating costs.
No, it means they will be spending equal to what is coming in.
Cash flow in will be neutral (equal) to what is flowing out