Ok, I am again missing something... Isn't there a large Chinese venture operating just fine in the area, to the tune of millions of barrels, etc etc? In the same region? No problems with rebels and none with non-rebels either.
Jsch - I stand corrected. But I cannot hide my feelings that HUSA will likely abandon the project due to concerns discussed here, (un)safety included, terrain challenges, etc. Last but not least, cash will run out before all the optimists on this board expect. Someone quoted JT or CEO Boylan as drilling will start this year, is there any sort of company statement on that prediction? I do not think that there is, but I could be wrong/misinformed again.
I see the link with HUSA, but in a very negative light. Let's say I am no oilfield expert, but in Physics I learned about the principle of communicating vessels. Therefore, the more oil Cannecol pulls, the less is left. HUSA is light years away from even parking a rig in Serrania, let alone drilling. I have also read how HUSA never employed a 3D system to assess the reserves, etc, etc.
From what I hear, and I am NOT as well documented as others, there is drilling underway by other companies in the same geographic area, and they are doing just fine in terms of production.
I can't speak for M.T., but I believe he has been prepared for a while to write his 10M shares off as a tax/business loss. He has his golden parachute granted, and a soft landing as well, I believe. John B. definitely carries no weight in HUSA's affairs at this time, as he is merely a token presence of the payroll.
HUSA was DOWN 10% on Friday so your optimistic view would just put the pps back to 0.19. There is no gift until the drill start spinning in Columbia, and then probably it will spike to about $0.25-0.26 and fall right back under $0.20 if traces of oil are not found. And personally I am not sure the company can meet its hefty payroll too long.
Ok Cropduster and others - I felt better after the first action at 2-something PM last Friday. Somehow my order did not go through, although a trade did. at the same price. Oh well...
But the stellar volume last Friday still does not make me feel better about HUSA...
But it is not about feelings but facts. GLTA.
Ok Crop... Market Makers represent a limited number of full time people on the trading floor (or working remotely). Just like the stockbroker profession (a rapidly extinguishing species), or the clerks in the airlines "city offices", or the human travel agents, the MM function will disappear and be automated more and more. Not yet, except at small scale. I do not have wall street's payroll of how many people/traders act as MM's. But I can assure you that no person spends work 6.5 work hours every day monitoring $20-30k worth of action. Large-scale trades, yes, they are being monitored, especially the active trading, and harnessed with trading curbs, etc. But market cap has to exceed $10B or so to earn that hawk eye.
What is interesting though here, and it puzzles me, is the relatively large number of trades of 1, 2, up to 5 shares/trade. Yes, there were over 20 trades on ONE share of HUSA during the last month. Here I agree, Cropduster, either somebody is playing games, or someone has unlimited free trades (yes, I do, with TRP, thanks to the length of being a customer and perhaps the size of my retirement account). Nobody is paying $7-10 commission for that - heck, it could buy about 200 HUSA shares ;).
So, for what is worth, it sounds like the annual meeting was attended by 3-4 non-insider shareholders (someone who was present, please correct this figure - I know Cropduster likes facts...). The meeting was probably a few hours worth of fluff, voting results, thanks for following Board's recommendations on voting, introductions, and unofficial hints that Terwilliger is still at the helm, if anything, due to his share of ownership (he does not have to disclose anymore, but the latest SEC filing placed him at 10M+ shares).
Cropduster - this time I disagree. There are simply, no buyers (and no sellers, though the past two days indicated that about 150,000 shares were dumped below 20 cents (and bought accordingly).
There are no MM's involved predominantly with this stock, maybe HUSA is on someone's list of dormant stocks just in case, but there is no deity who can "keep" the pps at a certain value. If someone wants to buy 200,000 shares at 0.215-0.220 I am sure they are available. If someone wants to dump 200,000 shares at 0.177-0.182, I am also sure that would happen. I even believe the latter is more likely.
As mentioned before, I cannot let go of pessimism, and I am just waiting for $0.26 to break even on paper. If ever...
Thanks for sharing. Not much enthusiasm - despite the outlook which is somewhat less grim than the PPS reflects. And no PPS spike either, what gives...
New here. Am I missing something, or the dividend was not paid for the first quarter of 2015? The last ex-dividend date on record was December 2, 2015.
Was the dividend suspended at any time during H1 2015???
Along the lines of speculation...
There is obviously no interest by JT, either to got for it himself, or increase his stake. Which should tell all of us a lot. I am stuck, at a great paper loss, and that is the way it is, at least for me.
Unfortunately, despite thorough analyses by Cropduster and Tim, and others, there seems to be only one way, down. The cash figure and particularly the prospects for replenishing it are next to zero.
JT can orchestrate the bankruptcy, clear the books, and then indirectly re-purchase the assets (if any are left at that time), for fractions of a penny to the dollar. There are multiple ways to interpret the "indirectly" term in my above statement.
I will be there as well, booked my ticket. The problem is how we will recognize each other with all these ID non-revealing usernames ;)
Thank you for the information. I am trying to juggle a few things, and I have a decent chance of being able to make it to the meeting. I was secretly hoping that it would be on a Saturday...
Does anyone have ANY idea about the date of the meeting? I am trying to engineer travel to attend a few companies' meetings in June.
On a related note, not much volume triggered by last week's executive swap...