Whadda ya think of MMTE for next week????? Last three run-ups took place on the first day of the week (one was the day after Memorial day).
(.0026 - .0045), (.0018 - .0027) & (.0016 - .0031)
Not to mention the (.0017 - .0060) late March on a B/S P/R
I'm thinking with the news we got the past two days, we could be looking at a run at .005 on Monday.
You gotta check out the I-Hub board for some of the calculations being thrown around. Even if it's 1 barrel/hour, thats 24/day, *365 = 8760 barrels/year *$100/barrel = $876,000/year FROM THE 1ST WELL ALONE and not counting the Nat Gas which is what they were looking for. Now the 2nd well is SUPPOSEDLY gonna produce more based on the oil found so say the same and we're at $1.75 million just for oil/year for the first 2 of 60 wells.With A/S of 1.5 billion thats .0012 being conservative and before any multiple is applied and before the Nat Gas revenue and before the other 58 wells.
I think we're gonna get a ride like the people who rode QMNM from .0006 to .075 but we have no BK hanging over us. The I-Hub & Yahoo boards are about 1/4 as busy as the QMNM boards. Once people start seeing this on all the "stocks to watch" P/R's this weekend into next week, tons of interest will come in.
I'm planning to flip some of this profit into QMNM as it pulls back from all the discouraged investors who can't wait for it to grow.
18 comments:
Evenin' Joe!
Just got back from a really fast run (gotta learn to pace myself better 'cause I'm sucking wind even after showering!!) ;)
I like the potential for a spike up in MMTE in which case I would do the same thing you are...roll profits (just the profits not capital) into QMNM below a penny. I still think (if Eugene isn't conning us all) QMNM will pay off big in the long run.
I'm hanging in tonight (gotta catch up on sleep anyways), so I think I will use that time to check out the I-hub boards and (gulp) even the yahoo boards.
considering this company is now producing and doesn't have any BK, why do you think their shares aren't much higher than QMNM? also, why isn't it already taking off? i'd like to put some money down on it, but i'm way too in the trenches on Quest right now. i over leveraged myself on them not thinking it'd dog down like this. i don't have much leftover cash to gamble with...so i probably won't invest in MMTE. but i'm still interested why their shares aren't more valuable than QMNM's?
Staying in myself, little poker game, i'm amazed that they actually found oil in the 1st two wells and there has been a 100% Nat Gas find% in that area so you'd think all 60 wells will at LEAST produce Nat Gas.
Lot's of P/R's to come in this one buy with more meat than QMNM's we just hired a new caterer.
I've been doing a lot of research on pennies, and the run from .001 to .01 and above is EXTREMELY common so I think we're looking good here. And if we pass QMNM at .006 then i'd be more than happy to swap.
Nate, There are more shares O/S in MMTE but less Authorized. As for why it didn't run-up sooner, the initial QMNM run was helped by MASSIVE short covering. MMTE has very little short interest, and we just received actual hard numbers. These are shallow wells and QMNM has the potential for much more revenue IMO but I think MMTE will have a VERY powerful week upcoming as the volume has picked up and they are now being taken for real.
i'm not following what you mean when you say: And if we pass QMNM at .006 then i'd be more than happy to swap.
could you explain...
Sorry Nate, basically saying if MMTE reaches .006 it'd be approx a 4 bagger so i'd be willing to take some off the table and add to my QMNM position,(especially if it's at the same level .006).
Not gonna make the same mistake here as we did when QMNM ran to .048 and I don't think any of us booked even though we were sitting on a double.
I've been learning a lot about how these pennies make their breakouts and when to take some off the table. I'm starting to see a lot of the QMNM people on the MMTE boards.
Guys,
The calc on the front is way optimistic. 1/barrell per hour is a major producing well. Most wells like the ones that these guys are going for are in the realm o 3 to 4 barrels per day.
I have a friend that does what MMTE is doing. I am trying to get involved but the core six people dont want to bring in anyone else yet. I have looked at their calcs, and while they are good...and will be profitable, I think volume is what you guys need.
Yeah...that was the first time I'd ever seen a stock I own say % gain on the day = 100%....and I didn't sell 1/2 at least? Looking back I just needed to smack my forehead one more time...good...will never make that mistake again. ;)
hindsight is 20/20, but i was going to sell when QMNM bumped up, but it would have cost me too much with Fidelity. That's one of the biggest reasons i'm moving over to TDA. now i can buy and sell pennies for the same commission. i plan on playing QMNM a little if it comes back in the future. i believe in company...Eugene's CEO abilities scare me some. i'm getting more and more convince of the R/S...which would make me cry.
btw, thanks for the info Coin! puts it more into perspective.
Nate - for some reason I'm just not figuring out what you mean by R/S...I know it's prob. obvious, but it's Sat am and I am not using much of my brain...
Reverse Split. if Eugene dilutes the shit out of the shares he may well do a reverse split in the future to increase share value by removing the number of available shares. such as a 1:5 split would take your 500,000 share down to 100,000 though increase your share price by 5 times (sorry for the explanation if you already know what a reverse split is). personally i don't care if my share value takes time to increase. i'm going to be PISSED if my number of shares decreases. it's your number of shares that determines how much money you have after this might hit $1/share. i don't care about having my share price increase in the short term due to some R/S. i'm thinking long term.
i'm just worried that the share price is going to get extremely low. i'm averaged in at around .02 right now. so at some point he'll do a R/S and i'll be back at .02 (or higher), but have a fraction of the shares i once had. i dread the idea. that's why i'm moving to TDA so i can trade this stock if it starts coming back up in value. i don't want to get caught in a possible R/S. if he does dilute the shares then i don't see how it couldn't happen. we'll find out in early september. i'll also consider Eugene a liar and untrustworthy if he heavy dilutes, since he said he wouldn't. i realize he must get out of BK, but that will be bitter sweet for shareholder if it comes at the cost of a R/S.
Got it - R/S = reverse split.
Thanks for the decoder ring ;)
No dilution was half the reason I bought this stock. I will be super pissed if he does this, because it does make him a liar. I don't mind him doing the things he says he'll do up front because it gives us as investors the necessary info to make informed decisions and take (or not take) calculated risks; but to say one thing and do another is really, really low class IMO.
Hey John, so when they are quoted as saying 2-4 barrels/hour you think they are lying??? even with the maximum of 70% Acid, thats about 1 barrel per hour??????
So you're in the camp that this is a scam??
I just can't imagine a "major producing well" only pumping out "1 barrel per hour giving it revenues of approx $72,000/month for a MAJOR producing well?????????
Definitely ain't buying that one John!!
If Eugene does the whole dilute then R/S then i'll be pissed at him and at myself for getting you guys involved in the company. There should be NO need for him to use shares except for expansion and debt conversion which I have no problem with. Diluting and then doing a R/S is simply put ROBBERY and should be illegal IMO!!
Joe - You can be pissed at Eugene w/ the rest of us if he does dilute + R/S, but we will not stand for you being pissed at yourself for putting this one on our radar!!!
We all did our own due diligence, and I still think we come out on top of this one...time will tell!
if he does the whole dilute then R/S I'll definitely be pissed at you Joe. I might even travel up there and pee in your pool!!!
i would be extremely bummed, but i certainly wouldn't be pissed at you. i appreciate you having the guts to share ideas and directions with investing.
i'm thinking of calling Eugene and asking him what his current plans are. i'd like to hear a direct answer. would that not be appropriate and just overly confrontational? honestly asking here...
Finally got my power convertor - took two days, so I'm running out of excuses for not posting :)
As for the whole diluting thing, I think Eugene and the board want to have quick access to money so they can act fast. Hopefully they will use this option to bring down debt or expand production to avoid an early takeover.
If this is the case I'm happy cause we get a company that can act and be more dymamic, but it also mean we now have to trust the board even more, since they now have the power to play with more of our money so to say.
As for MMTE I can't trade it on my platform so I didn't really look into it but good luck with it.
Now I'm just looking to get back in the game as my timing has been off the last three weeks
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