This is topic BTSI - Oil Reserves Valued at Over $2.5 Billion USD in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Bio-Tracking Signs Definitive Agreement With Nord Oil and Concludes the Acquisition With Proven and Probable Oil Reserves Valued at Over $2.5 Billion USD Jun 23, 2005 9:00:00 AM 2005 PrimeZone Media Network MONTREAL, June 23, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) announced today that further to receiving significant positive results from RSM Top Audit, the company has signed a definitive agreement with Nord Oil and acquired its oil and gas properties as well as its storage facilities in Russia's Samara Region, the country's most prolific oil reserve, in a deal valued at approximately $2.5 billion U.S.
Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.
"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
CONTACT: Bio-Tracking Security Inc. C/O Finkelstein Capital Inc. Jean-Francois Amyot President Tel. (514) 448-6710 Fax. (514) 448-6712
Great West Oil & Gas Dr. Nicolas Matossian Tel. (514) 397-2683 jfamyot@finkelsteincapital.com
Posted by kt325ci on :
I got in this morning at .005 and it's now over a penny.
Could be a big runner. Only 3.3 million shares traded so far and up 150%
Posted by bmarley5780 on :
well thanks.....
LOL
Posted by kt325ci on :
sorry, bmarley. The price was still .005 when I left for lunch and when I got back it was up to a penny.
Posted by bmarley5780 on :
oh... No worries man ! LOL
.017 now
Posted by kt325ci on :
Now if only this could run like all the other oil plays have been doing lately.
I hope this makes up for me being an idiot and selling my EPYH shares below a penny!
Posted by Thorn on :
Nice. +460 last I looked. I won't look again. Posted by bmarley5780 on :
lol
Posted by madmoney on :
if they are thinking 3.50 a share post split that makes worth .30 now. when will it split?
Posted by bmarley5780 on :
1070% UP dddddddddaaaaaaaaammmmmmmmmmmeeeeeee
GOOD JOB kt
Posted by dilemma25 on :
I can't believe this...its at .05c
Posted by kt325ci on :
This is nuts! I sure wasn't expecting a run like this.
Posted by tupac on :
in at .04
Posted by madmoney on :
2.4 billion outstanding, 2.5 billion dollars in proven and probable reserves, 800 million of that in PROVEN reserves equals about 10 cents a share PRE split.add another 20 cents for PROBABLE reserves and you get .30,hope profit takers let us get in on the dip! looks VERY GOOD!!
Posted by kt325ci on :
Taken from the PR "shareholders of Nord Oil will own approximately 83%"
I'm guessing that means there aren't too many shares freely available.
Posted by kt325ci on :
Looks like a good dip here at .035
Posted by tupac on :
consolidated to .035
Posted by tupac on :
looks like a good bounce play between .03 and .055 might occur a few times if we're lucky
Posted by madmoney on :
come on take your profits fellas! looking to get in under .028!
Posted by Thorn on :
quote:Originally posted by kt325ci: I hope this makes up for me being an idiot and selling my EPYH shares below a penny!
kt325ci, you are far from being an idiot today Posted by Runamuck on :
JEFF holding it down
Posted by kt325ci on :
quote:Originally posted by Thorn: kt325ci, you are far from being an idiot today
Thanks man, I had a good feeling about it this morning but had no idea it would do this.
I'm hoping that we are just taking a breather here before an EOD run. Looks like some solid consolidation. This stock is going to gain a lot of attention with the volume and price increase.
Posted by legal1082 on :
down to .028
Posted by Jmoove on :
Anybody have L2's?
Posted by Jmoove on :
this guy is talking about 3.50 and $11 a share
Posted by madmoney on :
up over 1000% today, now about 500%. the pr was GREAT but they said they would be doing an R/S, buyers are wary.they did not say when the r/s would happen. profit takers may bring it down a little more.
Posted by tupac on :
who is talking about 3.50 a share?
Posted by Jmoove on :
In the above PR post reverse split
Posted by rickpic on :
CEO says $3.50-$11.00 per share and market is giving it .324 post split right now! I would say this is the dirt bottom of the spectrum!
Good Luck Rick
Posted by madmoney on :
the cash part ( proven reserves ) make this worth > .30 RIGHT NOW even with the high share count! 800 million dollars in PROVEN reserves into 2.4 billion shares equals 30 cents!. i suspect most current share holders ( longs ) havent got the news yet or volume would be higher,this should be an interesting couple of days.
Posted by kt325ci on :
I just got another 23K @ .025.
Posted by Thorn on :
Yup. That's over 10x the current price (3.50/12).
Posted by rickpic on :
Just watch what they do to this in the last 15 minute today its gonna blow your socks off! IMO
Good Luck Rick
Posted by kt325ci on :
Should be an easy double at least from these levels.
Posted by rickpic on :
Not to mention the gap in the AM! Say buy buy!
Posted by madmoney on :
this is probably the most up front pr i have ever seen a pink sheet post!so they will be doing an r/s in the future, they said it, you know why? because it does not matter! they are sitting on 800 MILLION dollars in proven reserves, annuoncing the r/s in their pr was a very shrued move, it gives insiders a chance to load up and make a boat load of money! once the word gets out this will beak a dime easy,look fo 200% plus friday! epyr ran on the possibilty of 10 or 15 million dollars, these guys are sitting on 800 million to 2.5 billion dollars, this will fly!
Posted by kt325ci on :
this is a record volume for the stock. I don't think it's ever seen over 5 million. Today we're over 15 million.
Posted by kt325ci on :
This drop pps drop is like a gift. We've seen how fast it can move up.
Posted by Runamuck on :
.022 x .025 right now
Posted by madmoney on :
you know, posters on these boards look at a stock thats up over 500% and say wow! wish i caught that one. well i think this one may just have another 1000% in it. anybody care to roll the dice?
Posted by kt325ci on :
The company seems legit. They've been working on this oil deal since April 12th and issued PR's along the way regarding the status.
I never heard of them till today when I read the PR.
Posted by Jmoove on :
Im thinkin about it, very worried about an end of day sell off though, but i do see potential
Posted by imran_h on :
quote:Originally posted by Jmoove: Im thinkin about it, very worried about an end of day sell off though, but i do see potential
Me 2 Jm, i am waiting a bit but i want in for sure before close!
Posted by legal1082 on :
Trying to buy in now at .024. Not letting me in thus far!
Posted by Jmoove on :
I do like that the W%R is showing low volatility at this PPS, i dont know, might be a good time to buy
Posted by madmoney on :
how many pink sheets have EVER gotten ahold of 800 million dollars,these guys stepped in sh#t and they know it! wow! possible 2.5 billion plus!. 800million REAL money = real value, for a pink thats unheard of!. with the float they are worth .30 in REAL money, not ( potential or possible) like so many other stocks on this board. wow, can you tell i`m excited!
Posted by kt325ci on :
there was a lot of consolidation in the .03 range and I don't think too many people bought in below these levels and if they did most of them probably already took profits.
I calculate a total of around 3,966,629 shares traded below .02. Total volume is over 16 million.
Posted by Jmoove on :
stoch is showing slightly oversold, even with the volume and the 300+%
Posted by kt325ci on :
I had an order at the ask .022 and they walked over me. Now ask at .023
Posted by Jmoove on :
14 day stoch at 32, if this holds at this price till EOD this is gonna be big
Posted by madmoney on :
eod run is starting! time to load up for the am gap! i would exspect more pr`s in the am.
Posted by Mule on :
Got in 20k at .0225. Hope to make a few dollars tomorrow.
Posted by Jmoove on :
whats the current ask?
Posted by rickpic on :
turning around and going back up! Hope you guys got some of this at .021 range!
Posted by imran_h on :
damn i chased from .02 till .025 got in at .024
lets rock now super hard fill!
Posted by madmoney on :
looking to sell at .12 myself! not going to miss this one!
Posted by Mule on :
Ask .0260 but some buys at .0240
Posted by Penny_Stock_Master on :
I just got in on this one. Lets see it take offffffff
Posted by Penny_Stock_Master on :
It will gappppppppp
Posted by madmoney on :
.025/.026 and rising!
Posted by kt325ci on :
.025x.026
Let's close over .03 Posted by madmoney on :
i think we may hit a wall at .06 friday once it breaks through that next stop 10 cents!
Posted by Runamuck on :
This is going to be the talk for a few days... Also madmoney is right they have issued PR's along the way not like they just suddenly announced this..
Be interesting to see and. Its a good gamble I think... crap who knows.
Posted by Jmoove on :
still tryin to get in at 26
Posted by Jmoove on :
in finally
Posted by madmoney on :
a 30 cent stock for .028 think about it! we have all seen stocks on this board run up over 20 cents pushing nothing but debt and potential, these guys have 800 million in proven reserves.take your profits now and leave 10x as much on the table.makes sense to me!
Posted by kt325ci on :
quote:Originally posted by Jmoove: in finally
Did they fill you at .026 or .025. Buys were coming in but JEFF lowered the ASK to .025 at the end.
Posted by $Keith$ on :
I got a partial right at close at a bargain, .025
Posted by Jmoove on :
26, $*(#$ etrade
Posted by Jmoove on :
this better gap
Posted by legal1082 on :
Somehow I skated in aroun 3:30 at .021, but I had an order in for .024! I don't know why Ameritrade did that, but I'm thankful I guess. I would loved it if they would have given me the extra shares and saved me a hundred bucks
Posted by madmoney on :
well that was fun, can`t wait for round 2, out for now, will check back in later. i dont see how you can lose on this, should be a safe buy all the way to 15 or 20 cents, good luck!
Posted by Ktrain420 on :
it will gap
Posted by legal1082 on :
I hope your right Ktrain420, in fact i'm counting on it
Posted by Jmoove on :
Yeah me too, i was nervous buying in at such a high price but with that contract and pps undervalued by a factor of 10, I couldnt resist
Posted by imran_h on :
i tried to get in at .02 then .021 and so on and then finally just put my order for .025 and got filled at .024, this one will be nice if what they say is true i am in for a chunk 100 000 shares i thikn this will see .05 or .06 cents tommorow and eventually alot higher
glta!
Posted by Jmoove on :
anybody have the full L2 line up on this one?
Posted by kt325ci on :
quote:Originally posted by Jmoove: anybody have the full L2 line up on this one?
I'll be here in the morning to post L2 updates before the bell.
Posted by Ktrain420 on :
it held it's place pretty well, but that R/S is gonna scare a lot of people into not buying........so it's kinda a crap shoot, but it should gap up in the AM........just my opinion
Posted by $Keith$ on :
Ktrain is right about the RS scaring some people off but it should do well for a few more days...I like this statement from the PR...
"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot
Good forward looking statement!!!
Posted by jakeo on :
Wow... just wow. MY FUNDS WONT SETTLE TIL MONDAY!!! GRRRR
Posted by $Keith$ on :
Here is the time and sales for the end of the day look at all the buys and sells at .025 and .026
Should have great bid support at .025 in the morning!!!
[ June 23, 2005, 16:43: Message edited by: $Keith$ ]
Posted by rickpic on :
Are there any other boards covering this stock? We all must know here that this stock could do another 400-500% gain tomorrow AM. The PR came out on Prime Zone and not on News Wire (Yet). If the news wire picks this up overnight this will take off like a shot in the AM.
Very Excited about this stock and i do believe this is the first time I have ever bought a stock above a 500% gain on the day it ran. The reality is that its still worth 10x what I paid for it.
Good luck Rick
Posted by Runamuck on :
Why are people scared about the R/S not going to change the the oil factor... So you have less shares worth the same and it rises again!!
Posted by Jmoove on :
Heres the number work up share val. pre-reverse split on $2.5B - $5.72/s Share val. post r/s on $2.5B (*percent of company recovered by current BTSI s/h)- $11.57/s
Share val. pre-r/s on $781mill (value of the known 15mill barrels) - $1.81/s
Share val. post r/s on $781 mill (*percent of company recovered by current BTSI s/h)- $3.61
Value of Current shares at each level: Post r/s - 2.5 - $.96 Post r/s - 781 mill - $.31
If those numbers dont scream buy, I guess nothing will. After that math, im confident.
Posted by $Keith$ on :
The PR came out at 9:06 am
it did not start running till 12:55
This should do very well tomorrow!!!
Should gap up nicely in the am, most of the volume happened in the last half hour of trading!!!
Look at this chart below, lots of volume end of day, trading sideways like it did EOD is a good strength indicator!!!
Posted by rickpic on :
after the split there will only be 36m shares held in public hands the other 180m will be held by Nord according to the pr.
The O/S at this time must be aprox. 432m shares which will become 36m post split. Then they add the 180 to cover the deal post split. I believe that Nord Oil is a privately held company and this would mean a 144 restriction on the 180m insider held shares!
They could issue 504 warrants or do a private placement of 79m shares and still have a 51% control, but that would still leave the public float at 107m!
Bottom line looks good to me given the $2.5b on the table!
Good Luck Rick
Posted by kt325ci on :
I feel really lucky to have bought in when I did. I was depressed watching EPYH yesterday run to .04 after I sold shares between .006-.007.
I went to lunch around 11:30 and was starting to doubt myself due to the lack of volume.
Good luck to us all.
Posted by Runamuck on :
I hope yall have your seat belts on!!!
Posted by rickpic on :
Oil hit an all time high today over $60. then retreated $59.40 a barrel! still a record day!
59.40 x 15m = $891m
Woo Hoo Rick
Posted by madmoney on :
this is realy going to fly friday!!its going to be all over everybodys alerts tonight, 500 percenters DO get noticed. will be suprised if it does NOT run up another 500% tomarrow, a 30 cent stock trading at .025! it`s a no brainer!
Posted by Chopper on :
Did anyone ever hear of the ol saying "if it sounds to good to be true it probably is"? Somebody tell me in Good DD fasion if any of this has been verified to some degree of making sense. If this is true, where will this stock head in the next couple of days? Thanx in advance.
Posted by Runamuck on :
quote:Originally posted by Chopper: Did anyone ever hear of the ol saying "if it sounds to good to be true it probably is"? Somebody tell me in Good DD fasion if any of this has been verified to some degree of making sense. If this is true, where will this stock head in the next couple of days? Thanx in advance.
Allot of people said that about PLNI didnt stop you from loading up on it..
Posted by Chopper on :
Not Bashing One Little Bit. Was asking a very reasonable question. If there is a good answer I'm all ears. And I have had the time to DD PLNI for quite a while and have verified what the companiy has stated through other sources. I just havent had the time to look at this stock.
quote:Originally posted by Runamuck:
quote:Originally posted by Chopper: Did anyone ever hear of the ol saying "if it sounds to good to be true it probably is"? Somebody tell me in Good DD fasion if any of this has been verified to some degree of making sense. If this is true, where will this stock head in the next couple of days? Thanx in advance.
Allot of people said that about PLNI didnt stop you from loading up on it..
Posted by rickpic on :
Chopper
They are a reporting Pink Sheets company and you can find everything your looking for in there filings! Including statements filed under k8 on 6/3/05 pertaining to the deal closed today! Im also sure that you will see another k8 filing in the next few days disclosing more indebth details of todays announcements.
rick
Posted by kt325ci on :
A board was created on the Investors Hub site for BTSI today.
Go read what reality wrote in the daytrader forum I think she nailed it!!! basically she said some oil company struck a deal with a shell so they could get listed quickly.
Posted by Chopper on :
Thank you for the help folks! GLTA Posted by Runamuck on :
Not going to wager any money on this one chopper?
Posted by Chopper on :
What makes you think I haven't yet Run? Posted by DIGDOUGH on :
ricpic where did you see the news about a split?
quote:Originally posted by rickpic: after the split there will only be 36m shares held in public hands the other 180m will be held by Nord according to the pr.
The O/S at this time must be aprox. 432m shares which will become 36m post split. Then they add the 180 to cover the deal post split. I believe that Nord Oil is a privately held company and this would mean a 144 restriction on the 180m insider held shares!
They could issue 504 warrants or do a private placement of 79m shares and still have a 51% control, but that would still leave the public float at 107m!
Bottom line looks good to me given the $2.5b on the table!
Good Luck Rick
Posted by Runamuck on :
The company will issue said shares post a reverse split of its common shares on a 1:12 basis
Rick never mind I read it. I'm blind in one eye and I can't see out the other.
Posted by Runamuck on :
LOL DIG
Posted by DIGDOUGH on :
Thanks Run. I'll pick up another million in the morning. Posted by rickpic on :
that would be it! Its in todays PR!
Rick
Posted by DIGDOUGH on :
Yep, this sounds to easy!
quote:Originally posted by rickpic: that would be it! Its in todays PR!
Rick
Posted by webman on :
I would love to get in on this one. Any body have an idea what it will gap to in the morning? What should I put my buy in for?
Greg
Posted by rickpic on :
Well people I would assume that none of us are marrying the company!
Rick
Posted by webman on :
Can someone please post L2's at close. PLEEEAASE?
TIA
Greg
Posted by Jmoove on :
should get crazy in the morn, I'm pickin up more that's for sure, can't argue with math
Posted by rickpic on :
Webman it was .025 x .026 at the close. after the close we have .022 x .025
Posted by Jmoove on :
I don't think you'll be able to touch this under .03 in the morn
Posted by doling2005 on :
This looks like a good one to me too. I especially like the sector and for this stock, the high volume at the end of the day. Also like the dip to this level to let the rest of us in. GLTA
Posted by imran_h on :
Good morning all!!
stock is lookig good bids are really stacking up!
this one should open alot higher
Posted by Jmoove on :
let's get this thing goin, I've got a limit order in at .03 hopefully ill be able to pick up some more, what's the b/a stack Ran?
Posted by imran_h on :
right now its .024 by .025.....6 by jeff
Posted by Jmoove on :
nice, jeff better let this go, he held it down for a long time yesterday from what I gather
Posted by imran_h on :
yes he definatly did, but i dont see him being able to afford to keep it down for much longer after he goes the next market monkey is at .03 and only 2 of them there
Posted by imran_h on :
hill just up'd his bid to .029 thats fine but the ask is only .025 lol
this thing will blow at the open imo
Posted by Albireo on :
news out
MONTREAL, Jun 24, 2005 (PRIMEZONE via COMTEX) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) released some technical data today on the oil and gas reserves being acquired through Nord Oil. According to reports obtained by RSM Top Audit from the Russian Ministry of Geology, the acquisition consists primarily of two licenses to extract oil and gas from the Yemelyanov deposit located in the Sergiev District of Samara Region and a license for the Khlebnov area as well as substantial storage facilities.
Yemelyanov License
Located in the Sergiev District of Samara Region, 110 Km North-East of Samara. The Yemelyanov is an area allotment of 11.9 square kilometers. According to the reports from the Russian Ministry of Geology and license CMP No. 00676 Type H3, the Yemelyanov has 2,130,000 cubic meters and 2,580,000 m3 respectively of oil in place at 876 and 908 density with less than 4.5 sulfur.
Khelbnov License
Located in the Tatisshchev District of Saratov region, 24 Km North West of Saratov. The total area allotment is 8.3 square kilometers. According to the report from the Russian Ministry of Geology and license SRT No. 11560 Type NP, the Khlebnov field adds a further 1,200,000 m3 of lighter (805) oil in place with residual sulfur.
"Under our preliminary plan of action, we expect that with conventional recovery technology that our properties will produce an excess of 6.5 million barrels over the next several years," said Dr. Matossian, President of Great West Oil and Gas, and industry consultant to the board of directors. "We believe that according to today's oil prices that over US$350 million of oil will be extracted in the foreseeable near future and with additional properties, which can be acquired, Nord Oil can become a serious international producer," further added Dr. Matossian.
The company stated that they have plans to make their corporate website available with all technical and independent reports by the middle of August to provide investors and industry partners with the ability to evaluate the properties and their value.
About The Russian Oil Industry
Russia has around 49 billion barrels of proven oil reserves, which represents 4.8% of the world's reserves and ranks six in the world. At the moment about 2,000 oil and gas deposits have been discovered in the territory of 36 out of 89 Russian subjects. Hydrocarbon is produced in 30 out of those 36.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
SOURCE: Bio-Tracking Security, Inc.
Posted by rickpic on :
2@.029 bid facing off with Jeff @ .025 ask!
Good Luck
Rick
Posted by imran_h on :
.034 by .035 on new news Posted by Jmoove on :
how many on the bid?
Posted by mydogsky on :
Be careful guys...chasing a bus can hurt if it decides to stop all of a sudden.
Posted by imran_h on :
2 on the bid at .034 2 on the ask at .035
Posted by Jmoove on :
thanks, i dont know mydog, they released the PR today to let us know that this is for real, I agree it did seem too good to be true but it looks like its most def true
Posted by imran_h on :
yes that new pr was great! told us the location and gave as ton of more information about it, i think its still very cheap copmared to the $.325 it should be at
Posted by imran_h on :
bids are stacking again 4 by 2
Posted by kt325ci on :
Current L2 BID 4x.034 2x.029
ASK 2x.035 1x.04 1x.049 3x.05
Posted by Albireo on :
Man, if heaven had a stock, this would be it!
Posted by Jmoove on :
i still cant believe the chart is showing oversold - 39.80 - 40 stoch
Posted by $Keith$ on :
This is going to be a great day!!!
They mean business putting this pr out this morning!!!!
LET GO BTSI!!!!!!
Posted by imran_h on :
yeah man!! i hope JEFF pays bigtime he has been keeping it down all day yesterday..lets see 500% + today and make him pay Posted by Jmoove on :
yup im gonna play this thing till im blue in the face, got a few grand to play dips, LETS GO
Posted by kt325ci on :
bxa now .038x.04
Posted by doling2005 on :
Thanks to all providing the L2!
Posted by imran_h on :
39 by 40
Posted by Jmoove on :
this is going to be a monster
Posted by Thorn on :
Consider www.alphatrade.com for l2 on pinks and other stocks. This one is dropping back a bit, 35 bid 38ask.
Posted by Jmoove on :
i cant get on any other trading site besides etrade at work :-(
Posted by kt325ci on :
I second alphatrade, that's what I'm using.
a drop back is expected after a big gap but we're back up to .039x.04 now.
Posted by Jmoove on :
keep us that cant get streaming L2s updated Kt, thanks in advance much appreciated!
Posted by madmoney on :
it`s running folks, bid / ask up!43/45 up 72 %
Posted by kt325ci on :
.043x.045
This could make a huge move if it passes .05
Posted by Jmoove on :
looking for a dip to get in on
Posted by Jmoove on :
OH MY GOD I SOLD, too much of a hurry placing orders, good god
Posted by $Keith$ on :
there will be a dip for you to get in Jmoove...I think any price under .05 will be a great price for a long hold, this should be well over .10 in a couple months!!!!
Posted by madmoney on :
etrade on the ask up to .25 doms on at .20! they know what it`s worth!
Posted by madmoney on :
a couple of months! this will break a dime today!
Posted by $Keith$ on :
L2's anybody, looks like a dip here
Posted by imran_h on :
i just got out will get back in on dip Posted by kt325ci on :
yes it's a dip .035x.038
Posted by Jmoove on :
i got out at 43 accidentally, looking to get back in at 35 or so
Posted by imran_h on :
i got out at .039 on purpose looking to get back in at .028
Posted by stockvaper on :
a lot of orders coming in now at .033. We may have bottomed out here.
Posted by $Keith$ on :
hopefully we build a base here like .025 yesterday....then this afternoon another run!!
Posted by doling2005 on :
L2 anyone?
Posted by kt325ci on :
.03x.031 looks like it's filling the gap.
Posted by sonic0boom on :
got in at .032 and have my sell order in for half my shares at a double!
Posted by Albireo on :
hard to believe that we're back down to this territory. People must not be reading the PR, or else they don't know how to do math. This thing is undervalued by at least 10 times now! The upcoming R/S is peanuts compared to the company value.
Posted by $Keith$ on :
L2 would be cool...anybody???
Posted by sonic0boom on :
Albireo, who could fault anyone for not wanting to hold a pink sheet and coming out with major $$$$ ??
Posted by imran_h on :
29(1)26(1)25(5) by 30(2) 32(1) 35(1)
Posted by Albireo on :
That's exactly what I mean! People should hold it, and there should be very few sells in a deal like this. Well said, right on the mark.
Posted by Thorn on :
bid schb .026 etrd .026 tdcm .026 jeff .025 nite .025 hill .025 vert .025 vfin .025
ask jeff 03 nite .03 schb .032 tdcm .035 sacm .039
Posted by madmoney on :
half yesterdays volume in 30 min, last count showed 500 mil authorized / 337 mil outstanding, been thinly traded for months, as volume increases so will the price. the r/s date has not been announced and probably wont be until this has been holding well over a dime. looking for the bounce!
Posted by buylow41 on :
looking for the BIG bounce!
Posted by Jmoove on :
looking for another entry at 26
Posted by $Keith$ on :
Thanks Thorn....we should see another nice run today and a nice ride north next week!!!!
Posted by madmoney on :
last chance to buy before we fly!! b/a 27 / 3
Posted by kt325ci on :
You have to figure a lot of people bought in yesterday just for the gap up and sold.
All traders are different, everybody has a certain percentage goal that they are happy with.
Posted by Albireo on :
good point, kt. Sometimes we tend to wear rose-colored glasses and assume that everyone understands the potential as we do.
Posted by Penny_Stock_Master on :
ETRD just raised the bid .... MMS not lowering the ask .... .03 could be the bounce.
Posted by kt325ci on :
I'm up over 500% but believe there is great potential here. Still holding my shares and even added a few yesterday at .025.
Posted by $Keith$ on :
back to .03 get in before the bounce!
Posted by kt325ci on :
bid is building
bid 2x.029 2x.026 4x.025
ask 2x.03 1x.031 1x.035
Posted by Penny_Stock_Master on :
029 x 03
2 x 2
this is it... is up from here.IMO
Posted by imran_h on :
ok i am back in had my order for 10 min at .03 and only got a partial only 20000 shares i had to up my other 40000 for .031 should run again!
Posted by kt325ci on :
.0295 x .031
Posted by tupac on :
here we go!
Posted by imran_h on :
yes here is run #2 should pass hod imo before next real dip
Posted by imran_h on :
it took me 10 min to fill at the ask thats a good sign we should go nicely
Posted by madmoney on :
b / a .0295 / .03 creeping up! 3 /31 before i finnished typing! let`s rock!!
Posted by Durple on :
I think it's gonna be close to noon before another run today. Really confident that it will run all next week. I'm in 260,000 @.0341
Posted by kt325ci on :
It looks like it has stabalized for now
Posted by imran_h on :
The bids are slowly building again
Posted by Thorn on :
ask nite .031 schb .033 tdcm .035 jeff .036 sacm .039 vfin .05 hill .05
Posted by kt325ci on :
We have great bid support right now and the ask is thin up to .05
Posted by Durple on :
Last 10 minutes nothing but buys at .03 and .031
Posted by $Keith$ on :
Nice bid support, and also a nice gap between .039 and .05
west coast should make a push before noon eastern time...
GO BTSI!!!
Posted by $Keith$ on :
Thanks for the updates thorn...keep them comming!!
Posted by Durple on :
OK at 275,000 @ .0339
Posted by imran_h on :
3 market monkeys at .03 now it should go
seat belts tied the plane is ready to lift off
Posted by kt325ci on :
2x.03 on the bid 1x.031 on the ask
Posted by imran_h on :
damn nite has alot of shares to offer at .031 once he and jeff is gone we should see a fast move to .05
Posted by Durple on :
anywhere to get L2's I got etrade and nothing showing.
Posted by clbgroove on :
The POS NITE always has alot of shares of everything and holds everyone back...SHI*HEAD
Posted by $Keith$ on :
Jeff usually leaves early in the afternoon, we should have a nice afternoon run...watch out for Nite he sucks!!! he will kill runs and hold it down!
Posted by imran_h on :
alphatrade Durple
thats what i use and i have absolutly no complaints!
Posted by Jmoove on :
intraday chart priming, get ready, should move quite well in the afternoon, stoch took a dip now starting to turn, rsi on the way back up also, dmi about to cross 50 for 14
Posted by clbgroove on :
no L's wit scottrade on this one either
Posted by $Keith$ on :
I got no L2 either sucks...I should be upgraded from silver to gold on Fidelity soon, hopefully I will get L2s then!!!
Posted by imran_h on :
i thikn the best investment u guys can make is pay about $40 a month and get alphatrade its the best thing and damn one u/t or d/t is usually equal to $40 so its definatly worth it for $40 a month IMO Posted by tupac on :
bid down to .29
Posted by Penny_Stock_Master on :
BID
.029 x 2 .027 .026 x 2
ASk .031 nite .033 schb .035 tcdm .036 jeff
Posted by clbgroove on :
here comes the typical 11:30 shake to go with lunch....I hope! lol
Posted by Thorn on :
same 'cept top bid/ask moved to .027/.028
Posted by kt325ci on :
MM's trying to create something out of nothing
200K traded at .03 and then they lower the b/a to .027/.028
Posted by tupac on :
.026/.027 geez
Posted by $Keith$ on :
.025
no worries though, it will run back up. MM's are shaking the weak hands out!
Plus a lot of the hardcore PLNI guys are daytrading this one so they can buy more shares of there sinking ship!
Posted by tupac on :
yeah, i have confidence, but they keep running the price down when demand is higher..
Posted by Durple on :
I got super duper power priority etrade and still no L2's for me
Posted by Mule on :
what are the L2's looking like?
Posted by Thorn on :
You don't want to know.
Posted by madmoney on :
24 /26 and rising
Posted by legal1082 on :
I wouldn't sweat it to much guys. Mid morning shake. Just like tnog did yesterday, went from like .04 all the way down to .0299 and back up again. shook alot of people. It was up this morning and now taking a dip on good news! They should both stabilize and bounce nicely over the next few days. IMHO
Posted by Thorn on :
ask nite .028 schb .03 hill .03 sacm .034
Posted by imran_h on :
25 by 28
going up this was just a quick FAKE dip look at how many sahres went through at .03 by .031 and now only a few and we go down to .024 come on!! hold ur shares we willl see .05 today IMO
Posted by Thorn on :
bid schb .025 nite .024 etrd .024 jeff .022
ask schb .03 hill .03 nite .031 sacm .034
Posted by Jmoove on :
movin now, back in at 28
Posted by Thorn on :
Someone is trading on .001 difference. There are matching odd lot numbers showing up together at .001 price differences; at least it is "up" and not "down" (short).
Posted by imran_h on :
jm u took my shares...good job!! i got some at .03
Posted by madmoney on :
now 25 by 3 and rising!
Posted by Jmoove on :
i had an order at .03 filled at 28, i think they grouped my order, i dont have realtime t and s at work
Posted by clbgroove on :
round two lets go!!!!!!!!!!!!
Posted by Runamuck on :
creeping back up!!!
Posted by Jmoove on :
bring that bid up and we are off
Posted by clbgroove on :
They just need to go get something to eat and dont want it going anywhere! lol They'll be right back/ stay tuned
Posted by tupac on :
we need some players
Posted by imran_h on :
finally trading at what is should be .26 finally damn!! lol FAT FINGER Posted by imran_h on :
u/t 26 by 30
Posted by Thorn on :
25bid/26ask
Posted by rickpic on :
I was out for a profit this AM @.037 and just jumped back in at .026 with 31k more shares for the same price! Now all it has to do is go up from here!
Good Luck Rick
Posted by rickpic on :
There squezzing the pizz out of it but I sat at .023 for an hour and it didn't seem to want to go there so I feel good with .026 so far!
rick
Posted by Jmoove on :
also remember its friday, and here in the northeast it 90 out and suny, slow day on the markets, this is forming a nice kicking pattern (if she closes even slightly above open) and that signals a big uptrend, stick it out till next week atleast
Posted by Jmoove on :
whoa jump to 45, or has my ticker gone nuts?
Posted by Mule on :
Some dude just bought in at .045 fat fingered
Posted by Durple on :
what's up with the jumps today
Posted by imran_h on :
we have had alot of messed up ticks .26, .25 and now .045 is this a sign of where it should be????
or are all those still too low Posted by tupac on :
shouldnt those ticks help raise the price?
Posted by Penny_Stock_Master on :
quote:Originally posted by Durple: what's up with the jumps today
MMS killed the run , NITE .031, know they trying to get people attention with those spikes.. LOL.
ANd there is NITE sitting a .031 .... Whose shares are those he is selling??????
Posted by Jmoove on :
gonna buy some more at 26 here shortly, this lull is a mask
Posted by Durple on :
On my real time & Sales thingy I'm getting buys at .025, 0 volume and now a bunch for 10k at a time
Posted by Durple on :
I think they are getting confused and overloaded either it will go up late today or all of next week
Posted by rickpic on :
jmoore my thoughts exactly! 3:45 to 4:00 ou will see it move!
Rick
Posted by Jmoove on :
this is a 4-5 day play not necessarily a daytrade, though my fat fingers turned it into one, any entry below 40 should yield good results
Posted by kt325ci on :
Wow, 8 pages since yesterday. We've been very active here.
Posted by madmoney on :
ask is moving up again, this really wants to move!
Posted by imran_h on :
this will be .04 by end of the day thats my perdiction!
Posted by buckstalker on :
LOL
Posted by $Keith$ on :
alright everybody put there predictions up, closest to the close price wins...well nothing...but it will be fun anyway...
I predict .038
Posted by imran_h on :
well if we are going to play this game i say .039 to be exact not .04
Posted by kt325ci on :
I'd be happy with a close over .03. I'm getting tired of seeing the .02's. It's good for those that want in but I already have my shares.
Posted by pcloadletter on :
.047
Posted by rickpic on :
are they just not filling orders or what?
Posted by Jmoove on :
can i do a prediction for monday's open, does that get me better odds? lol im sayin open at .043 on monday
Posted by imran_h on :
for monday put me down for .044 and a high of .079
Posted by clbgroove on :
quote:Originally posted by imran_h: for monday put me down for .044 and a high of .079
I/ll buy you a beer if it hits .079 Monday!!
Posted by Jmoove on :
Im not sure rick but im thinking that the MMs are discussing how not to get screwed on a run bc they sold all thier shares between 25 and 30
Posted by mgd723 on :
I'll say .035 for close today and open monday at .04
Posted by Albireo on :
Yeah, MMs are probably sweatin' it... But, I figure they make enough as it is, so they can use a hit here and there.
Posted by rickpic on :
I'll guess it opens at .384 on Monday! thats a .032 close today!
rick
Posted by kt325ci on :
well, they don't appear to be holding orders.
I just tested them with a 5K order @ .028 and it filled.
Posted by Mule on :
Close .037 and open .042 on Monday. Rickpic if it opens at .384 on Monday I am going to Hawaii !!!!
Posted by rickpic on :
that was along pause but we're trading again!
Posted by rickpic on :
Mule there is a 1 for 12 RS that could happen after the close today! Keep that in mind!
Rick
Posted by Mule on :
I am sure that they will announce when the R/S is going to be. I figure in about a month. But only they know for sure, Let's see how much we can make until then.
Posted by Albireo on :
I still can't believe that there is next to no volume right now after over 16 mill so far today... Should be continually streaming in. Very, very strange.
Posted by kt325ci on :
what's weird is that the last 6 trades have gone through without a sell. Most of the morning we'd see a buy followed with a sell with a .001 difference. Looks like sellers are gone for now.
If only we could get some buying pressure.
Posted by $Keith$ on :
people said orders were not going through for a while...it will start moving again eod
.028 right now!
a close above .025 will be a good setup for a nice ride north all next week...
Posted by Durple on :
It will close today at .0465 and will open around.0585. Let's hope I win Posted by imran_h on :
lets just hope we get some trades this is unbelievable is aynone out there in allstock world trying to buy or sell???
Posted by kt325ci on :
mm's still have a spread on the b/a .025/.028
It looks like they don't mind selling at the ask and are willing to give shares at .026 when a sell order is received at .025
Posted by buylow41 on :
did all of my buying earlier today guys.
Posted by kt325ci on :
quote:Originally posted by imran_h: lets just hope we get some trades this is unbelievable is aynone out there in allstock world trying to buy or sell???
I bought 5K earlier to see if they were holding orders @ .028 and am holding a total of 405K shares.
Posted by legal1082 on :
hold on tight, their shaking the tree! Me tinks somebody needs shares!
Posted by madmoney on :
currently trading at less than 1/10th its CASH value,guess it has`nt sunk in YET. it will!
Posted by $Keith$ on :
L2 anybody, looks like its getting ready to move
.027
Posted by kt325ci on :
BID 2x.024 1x.023 1x.022 1x.021
ASK 1x.027 1x.028 2x.03 1x.034
Posted by $Keith$ on :
losing bid support...
Thanks KT
Posted by rickpic on :
the zone is between .024 and .027 and they seem content to keep it in there!
Rick
would be nice if the company got the PR on Newswire and not Primezone where its lost!
Posted by legal1082 on :
Sticking with my theory of a shake! Does anyone know the share structure?
Posted by $Keith$ on :
quote:Originally posted by rickpic: the zone is between .024 and .027 and they seem content to keep it in there!
Rick
would be nice if the company got the PR on Newswire and not Primezone where its lost!
I agree rick...we need some more exposure!!!!
Posted by Penny_Stock_Master on :
Would they be covering the shares they shorted on yesterdays run to .05, before it takes off again?
Posted by kt325ci on :
They capped the rally today and slowed down the volume with this spread on the bid/ask.
Posted by $Keith$ on :
quote:Originally posted by Penny_Stock_Master: Would they be covering the shares they shorted on yesterdays run to .05, before it takes off again?
Sounds good to me...next week we move back to .05
Posted by kt325ci on :
They just tightned the spread, now .025x.026
Posted by rickpic on :
spreads gone bids up and ask is down .025x.026
Posted by Mule on :
This thing is going to burst wide open come Monday !!!! We have ours and the hesitant ones will be chasing up the ladder and we will be laughing on our way to the bank.
Posted by Thorn on :
quote:Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%.
- approx 216M common shares outstanding after r/s. - 180M of those shares will have been issued and given to Nord Oil. - 216M-180M = 36M after r/s - 36M * 12 = 432M currently outstanding (approx).
From pinksheets: Common stock, $.001 par value; authorized 500,000,000 shares; 30,000,000 preferred issued and outstanding 337,865,401 shares and 0 preferred shares, respectively
Posted by rickpic on :
I do believe that .025x.026 was exactly where we were yesterday at this same time!
Rick
Posted by Penny_Stock_Master on :
ask up .027
MMS want to close it higher than yesterday. That is key for next week, chartwise, .... IMO
Posted by $Keith$ on :
correct penny stock master....we need a .027 or higher close for a nice run next week!!!
Posted by clbgroove on :
anybody know what the value relation to TNOG this one has. They seem to have been running steady for about 6 weeks that I have watched them. After all it is beautiful out today AND Friday so its slower than normal.
Posted by kt325ci on :
trade just went through at .027...let's see if we can hold it or go higher!
Posted by kt325ci on :
bid upticked, now .025x.027
Posted by Penny_Stock_Master on :
There were what?...12M in volume in the 1st hour and just 5M the rest of the day. Remember NITE selling a chit load .031. That is what killed the volume, never recover after that.... if not it could have been a better day...LOL.
Thanks Nite I got a few more in the mid .02's. I think this will staedily go up until they announce the RS. and then it is only 12:1.
Posted by madmoney on :
cant figure it? tnog is around .044 an oil co. with 3/4 of a billion outstanding,claim to fame- might be pumping a million or so a year from their two? wells, we are sitting on 800 MILLION in PROVEN reserves and another 1.6 billion in PROBABLE reserves with even MORE likely, yet we are doing half the volume and a little more than half the price! go figure! wake up people!! if you are buying on potential then you should be looking real close at this company, 1500 times the potential at little more than half the price!
Posted by Penny_Stock_Master on :
quote:Originally posted by madmoney: cant figure it? tnog is around .044 an oil co. with 3/4 of a billion outstanding,claim to fame- might be pumping a million or so a year from their two? wells, we are sitting on 800 MILLION in PROVEN reserves and another 1.6 billion in PROBABLE reserves with even MORE likely, yet we are doing half the volume and a little more than half the price! go figure! wake up people!! if you are buying on potential then you should be looking real close at this company, 1500 times the potential at little more than half the price!
It toook time for TNOG to get there. This could take less time to get higher % wise.... Slow day today ....
Posted by clbgroove on :
guess that answers my question, i was kindof thinking the same thing. Thanks
Posted by Thorn on :
Also, they are only expecting to produce "6.5 million barrels over the next several years."
Posted by $Keith$ on :
not bad close .027
Next week we start chuggin up...
Have a great weekend everybody!!!
L8TER
Posted by kt325ci on :
Does anyone have any production estimates for some of the other oil penny stocks like QOIL, TNOG.
I looked at TNOG and all I could find was that they found oil but no production numbers.
Posted by legal1082 on :
I think the production numbers are scheduled shortly, at least that's what todays PR said for TNOG. Almost reached their annual high today!
Posted by rickpic on :
todays oil news!
Oil holds Wall St. in its grip
Oil remained uppermost in investors' minds amid speculation about how much further crude prices might rise.
After briefly dipping into negative territory, crude for August delivery turned higher, but below the psychologically key $60-a-barrel level hit Thursday, as concern that oil supplies may not be able to meet strong demand persisted.
The front-month contract ended 42 cents higher at $59.84 a barrel, up 1% on the week.
Posted by rickpic on :
thats 15m barrels that increased .42 cents today! and probable reserves of 33m!
Good luck Rick
PS the split is not on todays daily list
Posted by nyinvest on :
Haven't run the numbers in comparison, but HEC is maybe a good choice to look at as an example of a reporting stock. Harken Energy S&P
Reserves are a tricky thing. There are different calculation and reporting methods and "proved" is, unfortuneately, a rather ambiguous term for oil. This BTSI is interesting and hopefully I can get to the numbers this weekend.
Posted by Runamuck on :
WOW would kill for .46!!
How do you beat high gas prices buy oil stocks!!!
TNOG new highs BTSI going to the moon soon!!
Posted by kt325ci on :
whats with that web site. One says its Nord oil in russian and the other says they are the only oil company owned by the state?? Hopefully we wont be yelling "look out below"!!
Posted by Durple on :
From what I can make of the sites it looks this company is massive like 4 bil dollars company massive of course I could be wrong but they have a ton of stuff. I think I'll be holding for a while to see what comes of this.
Posted by rickpic on :
take a look at the charts and the advanced outlook here!
Shaping up!!! Could be HUGE!! I tell you.
Posted by bond006 on :
i feel a KaBoooooooooooM soon
Posted by Runamuck on :
I am going to try and call in a favor to get the skinny on this company. Got a friend who would be in the know on Russian oil since he spent 2 years there heading up a major oil companies assets there.
Posted by DIGDOUGH on :
Yea Run that sounds like a good idea. Go for it.
quote:Originally posted by Runamuck: I am going to try and call in a favor to get the skinny on this company. Got a friend who would be in the know on Russian oil since he spent 2 years there heading up a major oil companies assets there.
Posted by DIGDOUGH on :
Anybody think the 12:1 R/S put a damper on buying and making money on this stock.
Posted by bond006 on :
i do think that the r/s will have some affect. if you do the math with the figures that we are given the stock is really undervalued. apx 3.50 post split or about .30 pre split should be the book value. but there are some out there that feel an r/s is just poison and are scared and just will stayaway because. thats why i think unless some thing bad shows up we are only going to see .07 to .10 i hope i am wrong and i am following this up to .50 but you just have wait and see on this one. monday will tell us a lot about the future and how i will play this imho glta
Posted by madmoney on :
it seems to me the company would want the post split price to reflect a value close to 3 dollars a share at least over 2 post split, an announcement of a split date well into the future would achieve this, if they do split immediately the price may dip briefly in wich case i will buy all i can get my hands on, if they split right now it would open monday at .312 probably fall into the 20`s and i would snap up all i could afford, selling everything i have and putting it into this! a 1000% is a 1000% !GLTA...
Posted by bond006 on :
i don't see a thing wrong with that i will be opening the bottle and having a party. hell i might even buy a beer truck and you would see me for a week
Posted by Penny_Stock_Master on :
chetanvagholkar <chetanvagholkar@yahoo.com> wrote: In my opinion, this is will see at least a 500 percent run-up in the next 8-12 weeks. The attached is a response from the CEO:
1. The acquisition of Nord Oil is the first in the new direction of the company business plan. The current issued and outstanding shares of BTSI is approx. 340 million and a reverse split of 1:12 will be performed by or before September 1, 2005 resulting in the corporation have a total issue and outstanding post issuance of the acquisition and reverse split to be 216 million. It is fair to say that the short term net asset value of the properties to be closer to $350 million since this would be the use of the actual wells and no further exploration on the probable reserve. Having said that, the net asset value per share is $1.62 and if account any and all reserves of proven and probable without discounting by any recovery rate,the value of the asset is well above $2.5 billion.
3. We expect to complete ground work by end of August and begin production by third week of September.
4. Current management of BTSI does not bring any Oil and Gas experience but financing experience and corporate finance advisory. We will be nominated several other people to the board and US management. We have a strong team onsite in Russia with long history of successful exploration and production.
I hope this provides with with some clarification. Please note that we will release further information in the coming weeks.
Please do not hesitate to send me further inquiries.
BIO-TRACKING / NORD OIL INTERNATIONAL
Per: Jean-Francois Amyot President
Posted by Mule on :
Much undervalued. Even if it R/S it will make $$$$. I am in tomorrow.
Posted by $Keith$ on :
can't wait for the morning, hopefully NITE sleeps in and we get a nice run...lol
Posted by Runamuck on :
quote:Originally posted by $Keith$: can't wait for the morning, hopefully NITE sleeps in and we get a nice run...lol
Hopefully he got ran over by a bus!!
Posted by Thorn on :
quote:Originally posted by Runamuck:
quote:Originally posted by $Keith$: can't wait for the morning, hopefully NITE sleeps in and we get a nice run...lol
Hopefully he got ran over by a bus!!
Heh. That would take a big bus, and then there's still the risk that it would be short sold before it reached Nite (the bus, that is, by Nite of course). Posted by stockvaper on :
I have another buy order in this morning; Accumulating more. I don't want to be chasing the price up all week. Posted by kt325ci on :
Oil Has Hit a New Record High, Again NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Thomas Kee for Stock Traders Daily. Jun 27, 2005 8:39:00 AM SAN FRANCISCO, CA -- (MARKET WIRE) -- 06/27/05 -- For the 3rd straight session, Oil has reached all-time highs in overnight trading as Traders seemed concerned that the new government in Iran may re-direct the contract awards for developing Iran's Oil reserves to domestic (Iranian) companies. Traders simply feel that this may significantly slow the production of Oil from that region. The continued increase in Oil prices has caused Exxon Mobil (NYSE: XOM) to become the largest company on Wall Street by Market Capitalization ($370.17 Billion), The Oil Services Trust (AMEX: OIH) is near all-time highs, and if ChevronTexaco (NYSE: CVX) weren't in negotiations to buy Unocal (NYSE: UCL) we're sure CVX would be at all-time highs as well. Without a doubt Oil Prices are beginning to influence Wall Street's expectations for earnings.
A detailed review of the companies referenced in this article, of Oil commodities prices, and of the Market itself are available immediately on our Corporate Website:
Contact: Stock Traders Daily Thomas Kee (415) 999-9033
Posted by kt325ci on :
b/a in premarket is .025/.03 so far.
Hopefully it doesn't take off to fast. I'd like to get some more shares below .03.
Posted by Thorn on :
Doesn't look like it was even affected by the price of oil.
Posted by $Keith$ on :
can someone throw the L2's up here when we open....thanks in advance!
Posted by pcloadletter on :
This is getting a lot of chatter on other boards today
Posted by Jmoove on :
keep an eye on PCCR today also guys, gonna blow up, my money is in the two of these
Posted by Penny_Stock_Master on :
Bid
.025 x 4 .024 .022 .021 .02 x 2
ASK
.03 x 3 .034 .035 x 2 .04 .042
Posted by Thorn on :
L2. Sure.
Right now it is:
bid PERT .025 VFIN .025 ETRD .025 SCHB .025 SACM .024 JEFF .022 TDCM .021 NITE .02 HILL .02 DOMS .017 VERT .015 TASL .015 FRAN .002
ask NITE .03 JEFF .03 HILL .03 SACM .034 VERT .035 TDCM .035 SCHB .04 PERT .042 VFIN .05 FRAN .06 TASL .1 DOMS .2 ETRD .25
Posted by Thorn on :
quote:Originally posted by Jmoove: keep an eye on PCCR today also guys, gonna blow up, my money is in the two of these
Why don't you post that in it's own thread? It would get more attention and piss off less people for being posted in this thread. Posted by kt325ci on :
bid is now .027
Posted by Penny_Stock_Master on :
Bid .027 .025 x 3 .024 .022 .021 .02 x 2
ASK
.03 x 3 .034 .035 x 2 .04 .042
Posted by Thorn on :
bid 2x .027 3x .025
no real change on ask.
PS: NITE is on .027...
Posted by Thorn on :
Now ask is moving up
ask 1x .034 3x .034 2x .04
Changing too fast to post...
Posted by kt325ci on :
big spread at the open. bxa is now .027x.034
Posted by Thorn on :
now .03x.034
Posted by Penny_Stock_Master on :
03 x .034
it looks good seems we may be going up
Posted by Thorn on :
bid 1x .033 1x .03 4x .025
ask 4x .035 2x .04
Posted by madmoney on :
.033 /.035 up 26% and climbing!
Posted by $Keith$ on :
quote:Originally posted by Thorn: Now ask is moving up
ask 1x .034 3x .034 2x .04
Changing too fast to post...
LOL...you guys are doing a great job keep up the good work...just kidding an update every once in a while is cool don't kill yourself...THANKS GUYS!
Posted by cbrf2 on :
this is great, however, there are only 2 trades so far!
Posted by Thorn on :
Oops..wrong screen
Posted by Thorn on :
Too quick. can't keep up.
.025x.028
Posted by $Keith$ on :
+22% on only 50,000 volume? is that right?
Posted by Thorn on :
0% on 165k
Posted by rickpic on :
.027 is the discount for today guys! UP UP and away!
Good Luck Rick
Posted by Penny_Stock_Master on :
L is prime some buying pressure and it could really take off... Does need something to make it go.... Get it started
Posted by bigwormcb on :
Are they coming out with earnings this week?
Posted by rickpic on :
Do these idiots selling @.025 even know theres a world out there? Let alone that oil prices are gonna move much higher on IRAN news. Accumulate is all I can say!
Rick
Posted by DIGDOUGH on :
bond006 Thank you for your input. I will hlod what I have and see what happens. The $ sound right.
quote:Originally posted by bond006: i do think that the r/s will have some affect. if you do the math with the figures that we are given the stock is really undervalued. apx 3.50 post split or about .30 pre split should be the book value. but there are some out there that feel an r/s is just poison and are scared and just will stayaway because. thats why i think unless some thing bad shows up we are only going to see .07 to .10 i hope i am wrong and i am following this up to .50 but you just have wait and see on this one. monday will tell us a lot about the future and how i will play this imho glta
Posted by rickpic on :
this could hit .05 or better today! News travels and you gotta know that 1000's of investors are waiting for this to run. Let the games begin!
Rick
Posted by Penny_Stock_Master on :
I think a lot of people are worrying about that 500+ % increase and think it could go back down... but i dont think it will go much lower thatn where it stands right now.... then again I have been wrong before....
Posted by Thorn on :
Hey, don't get excited. This could close at .027 today.
bid 2x .025 2x .023 1x .0225 2x .022
ask 1x .027 1x .028 1x .034 3x .035
Clearly this is being held down. Isn't SCHB in partnership with NITE for shorting?
Posted by $Keith$ on :
I love the support at .025, I don't see us going below .025 again!!!! Let's go BTSI!!!!
Posted by madmoney on :
volume is low, people cant see the value here? a pr would help, maybe later today? time to add to my position!.
Posted by Thorn on :
Don't panic when (ok, if) it hits .023.
Mad, this thing has potential worth, not actual worth. The deal needs to close, and then there is the r/s. If this takes til August to move, I would not be surprised. (But what do I know?)
It's also still just a pink. Posted by bond006 on :
i think we a supposed to get an unconfirmed earnings report today maybe this afternoon.ric pic picked that up on knobias read the pr it was brife.
Posted by bond006 on :
Bio-Tracking Security Inc. released some technical data today on the oil and gas reserves being acquired through Nord Oil. According to reports obtained by RSM Top Audit from the Russian Ministry of Geology, the acquisition consists primarily of two licenses to extract oil and gas from the Yemelyanov deposit located in the Sergiev District of Samara Region and a license for the Khlebnov area as well as substantial storage facilities.
Yemelyanov License
Located in the Sergiev District of Samara Region, 110 Km North-East of Samara. The Yemelyanov is an area allotment of 11.9 square kilometers. According to the reports from the Russian Ministry of Geology and license CMP No. 00676 Type H3, the Yemelyanov has 2,130,000 cubic meters and 2,580,000 m3 respectively of oil in place at 876 and 908 density with less than 4.5 sulfur.
Khelbnov License
Located in the Tatisshchev District of Saratov region, 24 Km North West of Saratov. The total area allotment is 8.3 square kilometers. According to the report from the Russian Ministry of Geology and license SRT No. 11560 Type NP, the Khlebnov field adds a further 1,200,000 m3 of lighter (805) oil in place with residual sulfur.
''Under our preliminary plan of action, we expect that with conventional recovery technology that our properties will produce an excess of 6.5 million barrels over the next several years,'' said Dr. Matossian, President of Great West Oil and Gas, and industry consultant to the board of directors. ''We believe that according to today's oil prices that over US$350 million of oil will be extracted in the foreseeable near future and with additional properties, which can be acquired, Nord Oil can become a serious international producer,'' further added Dr. Matossian.
The company stated that they have plans to make their corporate website available with all technical and independent reports by the middle of August to provide investors and industry partners with the ability to evaluate the properties and their value.
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Posted by Thorn on :
bid NITE .025 VFIN .025
ask SCHB .027
Imagine that. Posted by $Keith$ on :
This will follow NITE, wherever he goes the stock price will too!!!
I HATE THAT $HITHEAD!!!
Posted by madmoney on :
thanks for the input, T., i agree but the potential worth here has a much stronger base in reality than many pinks, and it`s hundreds of millions! i can ( and will ) wait if i have to!. Posted by $Keith$ on :
me too I am in for long myself and will add to my position...I just hate that NITE...
Posted by rickpic on :
Are the MMs looking for volume in this and is that why they dropped it? If this isn't a discount stock then I have never seen one!
Rick
Posted by $Keith$ on :
I second that rick!
wish I had some more funds!
Posted by rickpic on :
Now there playing with 100's of pennies in a stock that should be no lower than .10. The friggin games are endless!
Posted by madmoney on :
holding it`s own well considering it is up over 500% from last week, like anything else volume is key. spread has opened up, looking to entice buyers.
Posted by Thorn on :
not much of a spread now:
ask ETRD .0245 SACM .024 NITE .023 SCHB .023 (remember what I said about hitting .023? NITE & SCHB) PERT .022 JEFF .022
bid PERT .0258 NITE .026 SCHB .027 JEFF .03 VFIN .031
Posted by stockvaper on :
The company stated that they have plans to make their corporate website available with all technical and independent reports by the middle of August to provide investors and industry partners with the ability to evaluate the properties and their value. ____________________________ I can't even imagine what this stock will do by the end of summer. It's almost frightening to think about. GLTA. Posted by $Keith$ on :
This stock should of did a "SPEA" type of run, you guys remember that run, went from .30 to $12.00 in a day and half!!!
No worries I will wait...unpatiently...lol
Posted by Thorn on :
NITE & SCHB back on the prowl:
bid NITE .025
ask SCHB .027
Posted by $Keith$ on :
thats what I like to see!!!
Thanks for the update Thorn!!!
Posted by bond006 on :
Member Rated: posted 27-06-2005 09:49 -------------------------------------------------------------------------------- Do these idiots selling @.025 even know theres a world out there? Let alone that oil prices are gonna move much higher on IRAN news. Accumulate is all I can say!
ric i am 100% in agreement this is not fluff pr it is verified and filed with this russian govnerment. this is the real deal
Posted by rickpic on :
They need a PR on Newswire that talks about oil prices at an all time high and re-states there reserves and target outputs! The market isn't seeing this stock in the way it should. Its still hidden because they use PrimeZone for there PR and that is not as widely seen as Newswire.
Rick
Posted by Thorn on :
Sorry. No more updates from me for a while. Office wants bandwidth use reduced until they can increase it (in about a month).
I may still stay connected for a while every morning, since that is usually when things happen anyway (and toward the end of the day).
Posted by kt325ci on :
Here is current L2 BID 1x.025 2x.0245 1x.024
ASK 1x.027 2x.03 1x.031
Posted by kt325ci on :
The bid is starting to build up 1x.0252 2x.025 1x.0245
The ask remains the same.
Posted by Thorn on :
Tx Kt
Posted by Mule on :
Looking Good Ask .0270 Going North slow but steady.
Posted by Mule on :
Ask at .03
Posted by kt325ci on :
moving on up! BxA .028x.03
Posted by kt325ci on :
solid buys coming through, .03 won't last long
Posted by madmoney on :
i like what i see, keep going!
Posted by kt325ci on :
L2 keeps looking better and better
BID 3x.029 1x.025
ASK 1x.031 1x.033 4x.035
Posted by Albireo on :
kt, thanks for the continuous updates, they are greatly appreciated.
Go BTSI!!!!
Posted by $Keith$ on :
nice movement...
Last [Tick] 0.0300[ - ] Change 0.0030 % Change 11.11%
Posted by kt325ci on :
quote:Originally posted by Albireo: kt, thanks for the continuous updates, they are greatly appreciated.
Go BTSI!!!!
No problem!
bxa is now .03x.033
Posted by $Keith$ on :
Thanks for the L2's guys this is looking good...hopefully close above .03 today
Posted by kt325ci on :
If it goes over the HOD set earlier at .034 then it could be a very nice day.
The ASK is setup for us to hit .035 with just a little more buying.
1x.033 5x.035 1x.04
Posted by stockvaper on :
The news of this still isn't getting out. This is unbelievably low volume for this news event.
Posted by $Keith$ on :
Your right on man...its just going to take time for people to find out about this hidden gem...I am willing to wait!!!
quote:Originally posted by stockvaper: The news of this still isn't getting out. This is unbelievably low volume for this news event.
Posted by kt325ci on :
bid/ask in a deadlock now
3x.029 / 3x.032
Posted by bond006 on :
very simple ric is right prime zone just does not get the word out
Posted by Thorn on :
I would think that having +500% in one day would get the word out
Then again, this is a pink. With such a windfall, I'd hope to hear news of a change of market.
Posted by $Keith$ on :
Change of market and buying back some shares would put this stock where it belongs in the .50 range, but this stuff takes time...all we can hope for is some good pr's over the next couple weeks and for people to take there heads out of there arse's and look at this stock and see the value! IMO
Posted by $Keith$ on :
HOLDING STRONG @.03
Hopefully building support for the next leg up!!!
Posted by TotalZen on :
Hi guys, check out this audio interview by an oil expert on just how serious the shortage situation really is...
I'm sure I heard this in '72...
Posted by TotalZen on :
The important diff however, is that the 70's oil crisis was entirely political, while this one is purely a supply shortage (with any political issues further exacerbating it).
That makes it waaaay more advantageous for us.
Posted by $Keith$ on :
L2 anybody? been pretty steady here @.03
Posted by Thorn on :
I've been running L2 on and off; here's what the cards say now:
bid .028 .026 .025 .024 3x.022
ask .03 .031 .034 5x.035
Posted by kt325ci on :
Here is current L2 BID 1x.028 1x.026 1x.025 ASK 1x.03 1x.031 1x.034
Posted by TotalZen on :
Afternoon slowdown, quite predictable. It'll be the close that really matters however.
Posted by stockvaper on :
Original posted by TotalZen: The important diff however, is that the 70's oil crisis was entirely political, while this one is purely a supply shortage (with any political issues further exacerbating it). ------------ I agree. Oil production is climbing toward peak output, but demand (from Asian countries for example) is growing stronger every day. If demand outstrips supply, oil prices will continue to rise.
Posted by bond006 on :
posted by stockvaper
posted 27-06-2005 14:13 -------------------------------------------------------------------------------- Original posted by TotalZen: The important diff however, is that the 70's oil crisis was entirely political, while this one is purely a supply shortage (with any political issues further exacerbating it). ------------ I agree. Oil production is climbing toward peak output, but demand (from Asian countries for example) is growing stronger every day. If demand outstrips supply, oil prices will continue to rise. -------------------------------------------------------------------------------- Posts: 309 | Registered: Jun 2004 | IP: Logged |
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look at chinas economy growing at 9% a year and last night on the news said they just want oil don't care about price
Posted by Albireo on :
I don't know if anyone has already done this, but I just sent off an e-mail to Jean-Francois Amyot, president of BTSI, and strongly suggested that he put out the Nord Oil Acquisition PR on a more popular news source (such as Newswire). While I don't expect my suggestion to be implemented, I thought I'd give it a try.
Posted by $Keith$ on :
Good Idea Ambireo....its worth a shot!
Posted by TotalZen on :
What would be really nice is if he moves this off the pinks and onto the OTC afterwards. That would substantially increase interest and raise the PPS.
There are a lot of people who simply don't trade pinks, or can't via their broker.
Posted by bond006 on :
posted by albireo
posted 27-06-2005 15:50 -------------------------------------------------------------------------------- I don't know if anyone has already done this, but I just sent off an e-mail to Jean-Francois Amyot, president of BTSI, and strongly suggested that he put out the Nord Oil Acquisition PR on a more popular news source (such as Newswire). While I don't expect my suggestion to be implemented, I thought I'd give it a try.
good for you and good for all of us
Posted by $Keith$ on :
Good Close!
.03
Posted by TotalZen on :
Nice, steady increases are very good. I hope it step-ladders all the way up.
Posted by $Keith$ on :
Me too Zen...I will say it a million times 2 steps forward one step back, all the way to .10 nice steady climb!!!
See ya'll in tha a.m.
Posted by TotalZen on :
NITE can't have too many free shares if he was on the BID @ 0.025 today. I hope he got vaccuum cleaned.
Posted by webman on :
my ? is how does tnog keep climbing on their small amount of "potential" oil and this is taking baby steps.
Posted by TotalZen on :
I know, it's nothing short of hilarious. They're small fry compared to what BTSI will be.
That's ok, they'll be chasing this one down the road too when reality sets in.
Posted by bond006 on :
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 2497711
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1260486
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy 100-Day Average Volume - 798638
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
0.0300 0.0193 0.0293 0.0393
Click on the indicator for a graphical interpretation of the result or visit the
Posted by $Keith$ on :
Get ready for the morning...should be another day of green!!!
Posted by webman on :
what makes you say that?
Posted by $Keith$ on :
For one look at Bonds post nothing but Buy indicators across the board...It traded very strong today holding .03 for most of the day...most of the daytraders have sold off on the big run so there should be new investors buying in and people who are holding long, so i would suspect no real big sell offs, just a nice steady ride north!!!
I really don't want rhe sky rocket ride, just a steady movement up.The Rocket Ride up brings attention to guys from the PLNI thread who buy in just to take a quick profit ride and stop runs when they sell off to buy more PLNI...or make some money back that they lost on it!
check the PLNI thread you will see the scab I am picking at...
Posted by bond006 on :
hi i pick up a post on investors hub buy 2creat good man with numbers and dd he said he will have a lot more dd is just starting now and will be posting on rb i am trying to get him to come here. i will post as he does though he is pretty goo
Posted by: 2create In reply to: None Date:6/27/2005 10:16:58 PM Post #of 11
Valuation on proven & Probable reserves alone...
would be PPS (before R/S) @ $ .46/share, given a reasonable discount to market of 50%. One of my other recent trade examples, QOIL, is worth mid .50's using the same model. Other factors would include the rate of extraction and ability to increase production y.o.y. Along with access to new properties/licenses, governmental influence...etc. Treepeople started a thread over at RB today...I will be updating info that I gather more so over there. I have been working on this one form last week and hope to have more dd completed soon. IF my (Russian) verifications turn out positive, this will be Huge IMO
Times 50% Market Discount of Proven & Probable Reserves = $ .46/Share ! (Pre 1:12 Split) --OR-- $5.52/Share Post Split!
Public Reply | Private Reply | Keep | Last Read Previous | Next
Posted by bond006 on :
i think everybody in the ivestment community is going to be looking for an oil play pretty soon with all the news and prices at the pump that will rise they do every summer used to own a service station i know that. this is the best play i have seen if you want to get in on the bottom before the sparks fly.imho. go btsi goooo! nothing for sure but what a possiblity
Posted by $Keith$ on :
I agree Bond...
One day people will relize the value in this stock and say man I wish I bought some of that when it was at .03!!!
I think we are the only ones still awake Bond... now go to sleep and dream about barrels of oil and barrels of money...lol see ya'll in the AM
Open @.032 thats my guess
Posted by bond006 on :
that a big roger over and out
Posted by Durple on :
I'm awake Weeeee BTSI gonna make stairs this week
Posted by cbrf2 on :
hmm, for the long term, this is a damn good time to hold, but for those swingers and daytraders, tomorrow looks like its gonna be lower than today.... Hanging man anyone? Im in on this, so dont get me as a basher... just stating.. Posted by TotalZen on :
There is very solid support @ 0.025, buyers come swooping in as soon as it drifts there so I doubt we'll see any major dips from here.
I don't even mind if it bounces in the 0.025 - 0.03 range for a while. It'll be mostly accumulation now by serious investors.
Once the glut of cheap shares are all gone it's going to really get some traction.
Posted by stockvaper on :
If volume picks up on this, we could see .05 very quickly IMO. Posted by $Keith$ on :
I am holding strong, I will buy more on dips when funds become available...I don't see this dipping below .025, and we may start building support above that this week!
Posted by Thorn on :
lol. I've been wishing I had bought at .005, but hey, .02 was a good price. Posted by $Keith$ on :
quote:Originally posted by Thorn: lol. I've been wishing I had bought at .005, but hey, .02 was a good price.
we can't all be as lucky or as good as KT325ci....lol....hey KT I think your going to be upgrading to the M3 Covertible soon!!!
KT-M3 it's got a nice ring to it!
BO BTSI!!!
Posted by stockvaper on :
when this hits .40, we're all going to look like geniuses. Posted by Thorn on :
Putting on the pressure down again:
bid 3x.026 2x.025 2x.024 2x.022
ask 3x.03 1x.031 1x.034 4x.035
Posted by $Keith$ on :
No worries...
Posted by kt325ci on :
quote:we can't all be as lucky or as good as KT325ci....lol....hey KT I think your going to be upgrading to the M3 Covertible soon!!!
KT-M3 it's got a nice ring to it!
BO BTSI!!!
Funny that you say that. The M3 is my dream car. ktM3 sures sounds sweet to me!! I'll be happy with my 325ci in the mean time. lol
GO BTSI!!!
Posted by madmoney on :
nice volume today,down a little but it will turn around. when this runs it will run fast! go btsi!
Posted by kt325ci on :
Looks like we have a shake in progress.
Posted by imran_h on :
wtf is this dropping like it sucks??
Posted by TotalZen on :
Total shakedown lol, don't fall for it.
Posted by TotalZen on :
Scoop up some more cheapies as a matter of fact. Take advantage of the situation.
Posted by clbgroove on :
u only got about 10 mins...grab um...seen it time after time
Posted by legal1082 on :
WEAK HANDS SELLING OFF! GET'EM WHILE YOU CAN. MY OPINION IS THAT THIS IS A GIFT!
Posted by $Keith$ on :
I heard rumors of news comming out today...usually if the MM's get word of a PR they will shake the PPS down before a pR release...let's see!!!
I am not worrying!!!
Posted by stockvaper on :
MM's are taking out the stop loss stocks. They want them bad to have to 'steal' them that way. Hold tight for ride up!! GLTA.
Posted by clbgroove on :
quote:Originally posted by $Keith$: I heard rumors of news comming out today...usually if the MM's get word of a PR they will shake the PPS down before a pR release...let's see!!!
I am not worrying!!!
Almost every damn time...how many times did they do it with PLNI..3 times that I remember!
Drop it 30-50% then run it 100% back past where started
Posted by mgd723 on :
TNOG did the same thing last week. It went from .04 to .028 in 2 days and now it's up over .05. Just wait it out
Posted by dodo on :
what are l2's right now
Posted by kt325ci on :
Bid 1x.02 2x.019 1x.016
Ask 1x.022 3x.024 2x.025
Posted by $Keith$ on :
quote:Originally posted by clbgroove:
quote:Originally posted by $Keith$: I heard rumors of news comming out today...usually if the MM's get word of a PR they will shake the PPS down before a pR release...let's see!!!
I am not worrying!!!
Almost every damn time...how many times did they do it with PLNI..3 times that I remember!
Drop it 30-50% then run it 100% back past where started
Exactly Bro...seen it too many times...its all games...
Posted by cbrf2 on :
please, i hope that a PR comes out that can push it back! geez, im down 500 and it hurts Posted by TotalZen on :
Never, ever forget that these shares are worth 10x the current price at least.
Only complete fools would panic and sell.
Posted by clbgroove on :
quote:Originally posted by cbrf2: please, i hope that a PR comes out that can push it back! geez, im down 500 and it hurts
$500 or 500%...lol
Posted by cbrf2 on :
thas 500! thats a lot for a college student, geez!! Go up, will u?!
Posted by Thorn on :
Right. A partial fool would sell and then panic.
bid 1x.022 1x.021 1x.019 1x.016 3x.015
ask 1x.024 3x.025 1x.026 1x.0275
Posted by kt325ci on :
bxa now .022x.025
Posted by $Keith$ on :
back to .026
Posted by tupac on :
24/26 now
Posted by kt325ci on :
I hope nobody here got suckered into selling today. BxA back up to .024x.026
Posted by $Keith$ on :
anybody get any shares at .021 to .024 range??
What a bargain!!!
I wish I had some more funds!!!!!
Posted by legal1082 on :
I GOT SOME AT .021!
Posted by Thorn on :
quote:Originally posted by $Keith$: anybody get any shares at .021 to .024 range??
What a bargain!!!
I wish I had some more funds!!!!!
Me too! Posted by stockvaper on :
The volume so far today represents, what, less than one percent of the float? The news still isn't out on this puppy.
Posted by $Keith$ on :
it's still a hidden gem...it's going to take time to get the exposure this stock needs...I am willing to wait!!!
Posted by pcloadletter on :
what are bid and ask?
Posted by $Keith$ on :
I would guess...
Bid .024 Ask .026
Posted by kt325ci on :
It's actually .023x.026
Posted by kt325ci on :
bid just upticked .024x.026
Posted by $Keith$ on :
Thanks for the updates KT
Posted by buckstalker on :
Last [Tick] 0.025[ - ] Change -0.005 % Change -16.67%
Posted by $Keith$ on :
lol....buck....you even used the format that I use...I needed a good laugh!
[ June 28, 2005, 15:18: Message edited by: $Keith$ ]
Posted by buckstalker on :
Gotcha!!!
Posted by kt325ci on :
I think that unless we get news in the morning that he mm's might try to gap it down. They are working it really hard today to create a close at or below .02.
If they attempt a gap down, it could prove to be an awesome buying opp.
Posted by $Keith$ on :
.02 close
Posted by Mule on :
Are the MM's holding too many shares and want to dump them? Price looks too good to be true. Need to rob local liqior store . Let's see $1000 cash will get me 50K of BTSI and a couple bottles of Johnny Black will get me very loaded. hummmmmmm. Nice thought but I'll have to settle for no shares and well It's BEER Time !!!!
Posted by $Keith$ on :
ahhhh....Beer Time or cut my grass....BEER TIME!!!
Posted by $Keith$ on :
Item 8.01. Other Events. On June 24, 2005, we released some technical data today on the oil and gas reserves being acquired through Nord Oil. According to reports obtained by RSM Top Audit from the Russian Ministry of Geology, the acquisition consists primarily of two licenses to extract oil and gas from the Yemelyanov deposit located in the Sergiev District of Samara Region and a license for the Khlebnov area as well as substantial storage facilities.
A copy of the press release is filed as Exhibit 99.1 and incorporated herein by reference
Posted by bond006 on :
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: June 15, 2005 (Date of earliest event reported)
BIO-TRACKING SECURITY SYSTEMS INC. (Exact name of registrant as specified in its charter)
FLORIDA 000-29915 65-0786722 State of incorporation Commission File Number IRS Employer Identification Number
1000 De La Gauchetiere West, Suite 2400, Montréal, Qc, H3B 4W5 (Address of principal executive offices)
Tel: (514) 448-2226 (Issuer's telephone number)
_______________________________________________ (Former name or former address, if changed since last report)
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Shares Exchange Agreement, the form of which is attached as Exhibit 2.1 hereto. At the effective time of the merger, the Shareholders of Nord Oil, Inc. agreed to exchange their Nord Oil, Inc. shares of common stock for the Bio-Tracking Security Systems, Inc. shares of common stock and Bio-Tracking Security Systems, Inc. agreed to exchange Bio-Tracking Security Systems, Inc. shares of common stock for the Nord Oil, Inc. shares of common stock. Consequently, Nord Oil, Inc. shall become a wholly owned subsidiary of Bio-Tracking Security Systems, Inc.
All of the outstanding shares of Nord Oil, Inc. common stock shall be exchanged by virtue of the merger into shares of our common stock (the “Merger Securities”). Each Shareholder of Nord Oil, Inc. shall surrender their outstanding shares of Nord Oil, Inc. common stock existing. Until so surrendered, any outstanding certificates or other documentation representing outstanding shares of Nord Oil, Inc. common stock, shall be deemed for all corporate purposes to be surrendered.
The foregoing description of the Agreement and Plan of Merger is qualified in its entirety by reference to the Agreement and Plan of Merger, the form of which is attached as Exhibit 2.1 hereto and incorporated herein by reference.
This report contains forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. For a list and descriptions of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
The financial statements required by this Item 9(a) will be filed by amendment to the Form 8-K filed with the Securities and Exchange Commission on March 28, 2005, within the period permitted by Item 9(a)(4) of Form 8-K.
(b) Pro Forma financial information
The pro forma financial information required by this Item 9(b) will be filed by amendment to the Form 8-K filed with the Securities and Exchange Commission on March 28, 2005, within the period permitted by Item 9(a)(4) of Form 8-K.
(c) Exhibits
Exhibits Description 2.1 Share Exchange Agreement by and between Nord Oil, Inc. and Bio-Tracking Security Systems, Inc., dated June 2, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BIO-TRACKING SECURITY SYSTEMS INC.
DATE: June 28, 2005 By: /s/ Jean-Francois Amyot
-------------------------------------------------------------------------------- Jean-Francois Amyot Chairman of the Board of Directors
Posted by bond006 on :
NORD Oil INT'L, HUGE Positives here! Per 8k
1.) We are Graduating (from the pinksheets) on the closing date to the OTCBB exchange!...With sponsored MM representation.
2.) NORD Oil is Debt Free!!!!
3.) The 'real' NORD management steps in after closing date!
4.) 180 million of the Post-Split 216 million O/S will be RESTRICTED! Wich Leaves ONLY 36 Million in the public float!
5.) Finantial Statements are on there way to us...Also prior to Closing!
WHEREAS, Bio-Tracking desires to acquire all of the NORD Shares in exchange for 180,000,000 restricted shares of the Common Stock of Bio-Tracking the (“Bio-Tracking Shares”) (the “Share Exchange”).
Section 7.03. Appointment of NORD’s Board Nominees; Resignation of Current Directors. At the Closing, Bio-Tracking shall deliver or cause to be delivered the resignations and releases and indemnification of all the officers of Bio-Tracking. Bio-Tracking shall also cause, at closing that all the directors of Bio-Tracking shall deliver seriatim their resignations together with releases and indemnifications in favor of two NORD nominees and that NORD shall as a result have 2 two out of 5 five directors post closing.
(a) “Closing” shall mean the release of the Bio-Tracking Shares to the Shareholders and the NORD Shares to Bio-Tracking upon completion of the terms and conditions of this Agreement, which shall be held at the offices of Finkelstein Capital Inc. at 1 Place Ville Marie, Suite 2821, Montreal, Quebec, H3B 4R5 on June 15, 2005 (the “Closing Date”);
im still considered a newbie, but what does this tell us? that btsi has acquired another company? im pretty clueless when it comes to financial statements, so help if anyone can.... Posted by Jmoove on :
Cbr, all you need to know is the word BUY, seriously, this is one of the largest disguised shell fills I've seen, buy buy buy
Posted by dodo on :
I'm thinking we'll have a a few green days! Posted by TotalZen on :
Hmm, I have a feeling we'll be seeing a nice price increase tomorrow ;-)
I personally know of several who want in on the open now.
Posted by TotalZen on :
I was thinking of trying to flip this tomorrow, although that could be risky and backfire.
Bio-Tracking Security Inc. released some technical data today on the oil and gas reserves being acquired through Nord Oil. According to reports obtained by RSM Top Audit from the Russian Ministry of Geology, the acquisition consists primarily of two licenses to extract oil and gas from the Yemelyanov deposit located in the Sergiev District of Samara Region and a license for the Khlebnov area as well as substantial storage facilities.
Yemelyanov License
Located in the Sergiev District of Samara Region, 110 Km North-East of Samara. The Yemelyanov is an area allotment of 11.9 square kilometers. According to the reports from the Russian Ministry of Geology and license CMP No. 00676 Type H3, the Yemelyanov has 2,130,000 cubic meters and 2,580,000 m3 respectively of oil in place at 876 and 908 density with less than 4.5 sulfur.
Khelbnov License
Located in the Tatisshchev District of Saratov region, 24 Km North West of Saratov. The total area allotment is 8.3 square kilometers. According to the report from the Russian Ministry of Geology and license SRT No. 11560 Type NP, the Khlebnov field adds a further 1,200,000 m3 of lighter (805) oil in place with residual sulfur.
''Under our preliminary plan of action, we expect that with conventional recovery technology that our properties will produce an excess of 6.5 million barrels over the next several years,'' said Dr. Matossian, President of Great West Oil and Gas, and industry consultant to the board of directors. ''We believe that according to today's oil prices that over US$350 million of oil will be extracted in the foreseeable near future and with additional properties, which can be acquired, Nord Oil can become a serious international producer,'' further added Dr. Matossian.
The company stated that they have plans to make their corporate website available with all technical and independent reports by the middle of August to provide investors and industry partners with the ability to evaluate the properties and their value.
Posted by TotalZen on :
Seems like this is a good LT hold? I am going to get in tomorrow, still worth it?
Posted by $Keith$ on :
We still need them to release there PR's on Newswire instead of primezone....where do you guys get your news from?? I get mine usually from yahoo, and yahoo is not showing this pr anymore???? Kinda weird I don't see it in msn money either!
Posted by TotalZen on :
Yeah Yahoo is loopy right now, nothing is showing.
Just use my SEC link above Keith, all the filings are there.
Posted by $Keith$ on :
quote:Originally posted by rishid: Seems like this is a good LT hold? I am going to get in tomorrow, still worth it?
Ur kidding right? This is a great LT hold!!!
I don't see this stock being under .05 for much longer, by next week we see what the future has in store for BTSI and NORD OIL
Posted by $Keith$ on :
Thanks TotalZen....but what i am getting at is nobody is going to see this PR unless they go looking for it...I don't see it on any stock news sites!
Posted by TotalZen on :
I hear ya, and it's only occurring for this stock, way weeeeird.
I smell a conspiracy.
Posted by $Keith$ on :
quote:Originally posted by TotalZen: I hear ya, and it's only occurring for this stock, way weeeeird.
I smell a conspiracy.
LOL...it's gotta be them commie's...lol
I will rent a plane and pull the PR behind me through NY City and Boston!!!
Posted by rickpic on :
Bond Could you point me in the direction of the information used to make statement #1. Please!
Thanks Rick
quote:Originally posted by bond006: NORD Oil INT'L, HUGE Positives here! Per 8k
1.) We are Graduating (from the pinksheets) on the closing date to the OTCBB exchange!...With sponsored MM representation.
2.) NORD Oil is Debt Free!!!!
3.) The 'real' NORD management steps in after closing date!
4.) 180 million of the Post-Split 216 million O/S will be RESTRICTED! Wich Leaves ONLY 36 Million in the public float!
5.) Finantial Statements are on there way to us...Also prior to Closing!
WHEREAS, Bio-Tracking desires to acquire all of the NORD Shares in exchange for 180,000,000 restricted shares of the Common Stock of Bio-Tracking the (“Bio-Tracking Shares”) (the “Share Exchange”).
Section 7.03. Appointment of NORD’s Board Nominees; Resignation of Current Directors. At the Closing, Bio-Tracking shall deliver or cause to be delivered the resignations and releases and indemnification of all the officers of Bio-Tracking. Bio-Tracking shall also cause, at closing that all the directors of Bio-Tracking shall deliver seriatim their resignations together with releases and indemnifications in favor of two NORD nominees and that NORD shall as a result have 2 two out of 5 five directors post closing.
(a) “Closing” shall mean the release of the Bio-Tracking Shares to the Shareholders and the NORD Shares to Bio-Tracking upon completion of the terms and conditions of this Agreement, which shall be held at the offices of Finkelstein Capital Inc. at 1 Place Ville Marie, Suite 2821, Montreal, Quebec, H3B 4R5 on June 15, 2005 (the “Closing Date”);
quote:Originally posted by rishid: Seems like this is a good LT hold? I am going to get in tomorrow, still worth it?
Ur kidding right? This is a great LT hold!!!
I don't see this stock being under .05 for much longer, by next week we see what the future has in store for BTSI and NORD OIL
Good to hear this, time to start researching this company. Just took a major loss on CNES and looking to be revived.
Thanks and GLTA
Posted by $Keith$ on :
quote:Originally posted by rishid:
quote:Originally posted by $Keith$:
quote:Originally posted by rishid: Seems like this is a good LT hold? I am going to get in tomorrow, still worth it?
Ur kidding right? This is a great LT hold!!!
I don't see this stock being under .05 for much longer, by next week we see what the future has in store for BTSI and NORD OIL
Good to hear this, time to start researching this company. Just took a major loss on CNES and looking to be revived.
Thanks and GLTA
Read through the pages of this thread you can find a bunch of good DD splattered about, also most of the recent pr's and filings.
GLTA
Posted by Durple on :
I'm reading through 8-k filed...out of the 36 mil outstanding shares also 6 mil shares finders fee goes to Finkelstein Capital and then 1.2 mil after completion for success fee. So that only leaves 28.8mil
Posted by TotalZen on :
rickpic...
"Section 7.05. Quotation on OTC/BB. Prior to the Closing Date, Bio-Tracking shall on a best effort basis have completed its application ready to be filed, through a licensed market maker, for approval of its common stock to be quoted on the OTC/Bulletin Board."
Section 7.04. Filing of Periodic Reports. From the date of this Agreement up to the Closing Date, Bio-Tracking will file with the U.S. Securities and Exchange Commission any and all periodic reports required to be filed by Bio-Tracking pursuant to Section 13(g) of the Securities Exchange Act of 1934 and at the Closing, Bio-Tracking shall be current in such filings for the past two (2) years. All such reports filed from the date of this Agreement shall be, as of the time of filing, accurate, not misleading and complete in all material respects and the financial statements included therewith shall have been prepared in accordance with generally accepted accounting principles.
Section 7.05. Quotation on OTC/BB. Prior to the Closing Date, Bio-Tracking shall on a best effort basis have completed its application ready to be filed, through a licensed market maker, for approval of its common stock to be quoted on the OTC/Bulletin Board.
Posted by Durple on :
Section 8.01. Recapitalization . The Shareholders shall not vote in favour of any reverse split of Bio-Tracking’s stock that is proposed by the Board of Directors of Bio-Tracking or any shareholders of Bio-Tracking at any time during the two (2) year period that commences on the Closing Date except for the planned 1:12 reverse split.
Posted by rickpic on :
Section 4.05. Capitalization. Schedule 4.05 sets forth the authorized capitalization of Bio-Tracking which is the only class of the Company’s capital stock outstanding, as of the date of this Agreement. There are no outstanding options or warrants of Bio-Tracking, save for those disclosed in Schedule 4.05. All of the outstanding shares of Bio-Tracking's common stock, numbering no more and no less than 340,000,000 shares as at closing, are duly authorized, validly issued, fully paid and non-assessable and free of pre-emptive rights and all such shares issued during the last 24 months were issued in compliance with all applicable U.S. securities laws and Bio-Tracking will file with appropriate authorities to perform a 1:12 reverse split, whereby the total issued and outstanding of the common shares of Bio-Tracking will be approximately 28,333,000 but no more than 30,000,000 and the shares for the acquisition of NORD will be issued post reverse and therefore Bio-Tracking will have a total of 216,000,000 common shares outstanding.
Posted by rickpic on :
Thanks TZ
quote:Originally posted by TotalZen: rickpic...
"Section 7.05. Quotation on OTC/BB. Prior to the Closing Date, Bio-Tracking shall on a best effort basis have completed its application ready to be filed, through a licensed market maker, for approval of its common stock to be quoted on the OTC/Bulletin Board."
Section 7.02. No Change in Capitalization. On the Closing Date, the capitalization of Bio-Tracking shall be as represented in Section 4.05, plus the issuances as contemplated in Section 5.10 hereof.
Section 7.03. Appointment of NORD’s Board Nominees; Resignation of Current Directors. At the Closing, Bio-Tracking shall deliver or cause to be delivered the resignations and releases and indemnification of all the officers of Bio-Tracking. Bio-Tracking shall also cause, at closing that all the directors of Bio-Tracking shall deliver seriatim their resignations together with releases and indemnifications in favor of two NORD nominees and that NORD shall as a result have 2 two out of 5 five directors post closing.
Section 7.04. Filing of Periodic Reports. From the date of this Agreement up to the Closing Date, Bio-Tracking will file with the U.S. Securities and Exchange Commission any and all periodic reports required to be filed by Bio-Tracking pursuant to Section 13(g) of the Securities Exchange Act of 1934 and at the Closing, Bio-Tracking shall be current in such filings for the past two (2) years. All such reports filed from the date of this Agreement shall be, as of the time of filing, accurate, not misleading and complete in all material respects and the financial statements included therewith shall have been prepared in accordance with generally accepted accounting principles.
Section 7.05. Quotation on OTC/BB. Prior to the Closing Date, Bio-Tracking shall on a best effort basis have completed its application ready to be filed, through a licensed market maker, for approval of its common stock to be quoted on the OTC/Bulletin Board.
Section 7.06. Financial Liabilities at Closing. As of the Closing Date, Bio-Tracking shall have no assets and no liabilities.
Section 7.07. Board and Shareholder Approval. (a) Prior to the Closing, Bio-Tracking shall obtain the approval of its Board of Directors of this Agreement and the transactions contemplated hereby.
(b) Bio-Tracking shall cause an Information Statement on Schedule 14C to be filed with the SEC and mailed to its shareholders of record disclosing that Bio-Tracking has entered into this Agreement and also the transactions contemplated hereby. Such Information Statement shall also provide that Bio-Tracking intends to change its name to “Nord Oil International Inc.”, along with any other action of which Bio-Tracking requires shareholder approval in order to close this Agreement in accordance with the terms hereof. Shareholders of Bio-Tracking holding at least a majority of Bio-Tracking’s issued and outstanding shares of common stock, as of the record date, shall approve of this Agreement and the transactions contemplated hereby either by proxy or written consent.
Section 7.08. Cancellation Fee. In the event that the transactions contemplated by this Agreement are not closed by June 15, 2005 as the result of a material misrepresentation by Bio-Tracking in any of its periodic reports filed with the SEC through to current filing or any breach by Bio-Tracking of its obligations hereunder or a material misrepresentation by Bio-Tracking to NORD, Bio-Tracking shall pay to NORD a cancellation fee of US$5,000.
ric section 7.05 excuse me i was out thats the way i read it
Posted by bond006 on :
well everybody i think the word is going to be out one way or the other the more dd i do the better this looks it looks so far to be the real deal i just picked up another 100k to day forgot i had the dam order in at .025 got home and it filled gltq
ric i am sorry i was out but it looked like the guys got the answer for me i will post the whole thing but it is very boring
Posted by rickpic on :
Yes They Did Bond thanks! Looks Very Good!
Rick
Posted by bond006 on :
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: June 15, 2005 (Date of earliest event reported)
BIO-TRACKING SECURITY SYSTEMS INC. (Exact name of registrant as specified in its charter)
FLORIDA 000-29915 65-0786722 State of incorporation Commission File Number IRS Employer Identification Number
1000 De La Gauchetiere West, Suite 2400, Montréal, Qc, H3B 4W5 (Address of principal executive offices)
Tel: (514) 448-2226 (Issuer's telephone number)
_______________________________________________ (Former name or former address, if changed since last report)
On June 15, we completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to a Shares Exchange Agreement, the form of which is attached as Exhibit 2.1 hereto. At the effective time of the merger, the Shareholders of Nord Oil, Inc. agreed to exchange their Nord Oil, Inc. shares of common stock for the Bio-Tracking Security Systems, Inc. shares of common stock and Bio-Tracking Security Systems, Inc. agreed to exchange Bio-Tracking Security Systems, Inc. shares of common stock for the Nord Oil, Inc. shares of common stock. Consequently, Nord Oil, Inc. shall become a wholly owned subsidiary of Bio-Tracking Security Systems, Inc.
All of the outstanding shares of Nord Oil, Inc. common stock shall be exchanged by virtue of the merger into shares of our common stock (the “Merger Securities”). Each Shareholder of Nord Oil, Inc. shall surrender their outstanding shares of Nord Oil, Inc. common stock existing. Until so surrendered, any outstanding certificates or other documentation representing outstanding shares of Nord Oil, Inc. common stock, shall be deemed for all corporate purposes to be surrendered.
The foregoing description of the Agreement and Plan of Merger is qualified in its entirety by reference to the Agreement and Plan of Merger, the form of which is attached as Exhibit 2.1 hereto and incorporated herein by reference.
This report contains forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. For a list and descriptions of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
The financial statements required by this Item 9(a) will be filed by amendment to the Form 8-K filed with the Securities and Exchange Commission on March 28, 2005, within the period permitted by Item 9(a)(4) of Form 8-K.
(b) Pro Forma financial information
The pro forma financial information required by this Item 9(b) will be filed by amendment to the Form 8-K filed with the Securities and Exchange Commission on March 28, 2005, within the period permitted by Item 9(a)(4) of Form 8-K.
(c) Exhibits
Exhibits Description 2.1 Share Exchange Agreement by and between Nord Oil, Inc. and Bio-Tracking Security Systems, Inc., dated June 2, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BIO-TRACKING SECURITY SYSTEMS INC.
DATE: June 28, 2005 By: /s/ Jean-Francois Amyot
-------------------------------------------------------------------------------- Jean-Francois Amyot Chairman of the Board of Directors
THIS SHARE EXCHANGE AGREEMENT (this “Agreement”), effective as of June 2 2005, (the "Effective Date"), is entered into by and between the shareholders of the Nord Oil (“NORD”), as listed on Exhibit A hereto (the “Shareholders”) and Bio-Tracking Security Inc., a Florida corporation (“BIO-TRACKING”).
WHEREAS, the Shareholders are the registered and beneficial owners of all of the issued and outstanding shares of Common Stock, $0.001 par value, of NORD (the “NORD Shares”);
WHEREAS, Bio-Tracking is a publicly reporting company registered with the U.S. Securities and Exchange Commission, whose stock currently trades under the symbol BTSI;
WHEREAS, Bio-Tracking desires to acquire all of the NORD Shares in exchange for 180,000,000 restricted shares of the Common Stock of Bio-Tracking the (“Bio-Tracking Shares”) (the “Share Exchange”).
WHEREAS, the parties to this Agreement have agreed to the Share Exchange subject to the terms and conditions set forth below.
NOW THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the mutual premises and the mutual covenants and agreements contained herein, the parties covenant and agree each with the other as follows:
ARTICLE I DEFINITIONS
Section 1.01. The following terms shall have the following respective meanings:
(a) “Closing” shall mean the release of the Bio-Tracking Shares to the Shareholders and the NORD Shares to Bio-Tracking upon completion of the terms and conditions of this Agreement, which shall be held at the offices of Finkelstein Capital Inc. at 1 Place Ville Marie, Suite 2821, Montreal, Quebec, H3B 4R5 on June 15, 2005 (the “Closing Date”);
(b) “NORD” shall have the meaning ascribed thereto in the first paragraph of this Agreement;
(c) “NORD Shares” shall have the meaning ascribed thereto in the second paragraph of this Agreement;
(d) “Effective Date” shall have the meaning ascribed thereto in the first paragraph of this Agreement;
(e) “Escrow Agent” shall have the meaning ascribed thereto in Section 2.02(c) hereof;
(f) “Escrow Agreement” shall mean that certain Escrow Agreement to be entered into simultaneously with this Agreement by and among NORD, Bio-Tracking and Joseph Emas Attorney;
(g) the “Financial Statements” shall have the meaning ascribed thereto in Section 3.10 hereto;
(h) “Share Exchange” shall have the meaning ascribed thereto in the fourth paragraph of this Agreement;
(i) “Shareholders” shall have the meaning ascribed thereto in the first paragraph of this Agreement;
(j) “Bio-Tracking” shall have the meaning ascribed thereto in the first paragraph of this Agreement; and
(k) “Bio-Tracking Shares” shall have the meaning ascribed thereto in the fourth paragraph of this Agreement.
ARTICLE II EXCHANGE OF STOCK
Section 2.01. Exchange. Upon the terms and subject to the conditions of this Agreement, the Shareholders agree to exchange the NORD Shares for the Bio-Tracking Shares and Bio-Tracking agrees to exchange the Bio-Tracking Shares for the NORD Shares at the Closing or as soon as it is legal possible, whereas the shares will be deemed to be issued at the time of closing. The parties intend that the Share Exchange shall qualify as a tax-free reorganization under Section 368 of the Internal Revenue Code. However, Bio-Tracking makes no representations or warranties regarding the qualification of the Share Exchange as “tax free”. Bio-Tracking shall cooperate with NORD in executing any reasonably necessary documents to qualify the Share Exchange as tax free. So far as such agreements do not or could not cause Bio-Tracking or its shareholders to incur any liability or further obligation.
Section 2.02. Delivery of Stock; Escrow.
(a) Upon the execution hereof, the Shareholders shall deliver to the Escrow Agent all of the stock certificates representing the NORD Shares, duly endorsed in blank and accompanied by a medallion signature guarantee;
(b) Upon execution hereof, Bio-Tracking shall deliver to the Escrow Agent an issuance letter representing the stock certificates to be issued of Bio-Tracking Shares in the names and denominations as set forth on Exhibit B hereto, with the express understanding and agreement of all parties hereto that in the event that the Closing does not occur and the Bio-Tracking Shares are returned to Bio-Tracking by the Escrow Agent pursuant to the Escrow Agreement, then Bio-Tracking may present the Bio-Tracking Shares to its transfer agent for cancellation without any signed stock powers from any of the Shareholders. If the Closing does not occur the NORD Shares shall be returned to the Shareholders.
(c) The execution and delivery of this Agreement shall take place at the offices of Finkelstein Capital Inc. at 1 Place Ville Marie, Suite 2821, Montreal, Quebec, H3B 4R4 on June 15, 2005; or by counterpart signatures to be sent to such offices by facsimile transmission to 514-448-6712. All documents and instruments required to be delivered at the Closing shall be delivered into escrow to be held by Joseph Emas. (the “Escrow Agent”), pursuant to the Escrow Agreement, pending completion of the covenants and conditions to Closing as set forth in Articles V, VI and VII hereto.
ARTICLE III REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS
Section 3.01. Organization, Standing and Authority; Foreign Qualification. (a) NORD is a corporation duly organized, validly existing and in good standing under the laws of Delaware with all requisite power and authority to enter into, and perform the obligations under this Agreement. NORD has all requisite power and authority to own, lease and operate its assets, properties and business and to carry on its business as now being and as heretofore conducted.
(b) The Company is duly qualified or otherwise authorized as a foreign corporation to transact business and is in good standing in each jurisdiction set forth in Schedule 3.01 which are the only jurisdictions in which such qualification or authorization is required by law. No other jurisdiction has claimed, in writing or otherwise, that NORD is required to qualify or otherwise be licensed therein. Except as set forth in Schedule 3.01, NORD does not file any franchise, income or other tax returns in any other jurisdiction based upon the ownership or use of property therein or the derivation of income therefrom.
Section 3.02. Capitalization. Schedule 3.02 sets forth the authorized capitalization of NORD and the ownership of each outstanding share of Common Stock, which is the only class of the Company’s capital stock that is outstanding. All of the outstanding shares of Common Stock of NORD are duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights.
Section 3.03. Certificate of Incorporation and By-Laws. The Shareholders have heretofore delivered to Bio-Tracking true, correct and complete copies of the Certificate or Articles of Incorporation (certified by the appropriate official for Canadian Corporations) and By-laws or comparable instruments (certified by the corporate secretary thereof) of NORD. The minute books of NORD accurately reflect all actions taken at all meetings and consents in lieu of meetings of its stockholders, and all actions taken at all meetings and consents in lieu of meetings of each of their boards of directors and all committees. For instance the cut off date for circulation and acceptance of minutes of Board of Director Meetings is 90 days from close of Board of Directors Meetings with the minutes deemed as accepted by the majority vote.
Section 3.04. Execution and Delivery. This Agreement has been duly executed and delivered by each Shareholder and each constitutes the valid and binding agreement of each Shareholder enforceable against the Shareholders in accordance with its terms.
Section 3.05. Consents and Approvals. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby and thereby in accordance with the terms and conditions hereof and thereof do not require any Shareholder or NORD to obtain any consent, approval or action of, or make any filing with or give any notice to, any person or entity.
Section 3.06. No Conflict. The execution, delivery and performance of each of this Agreement and the consummation of the transactions contemplated hereby and thereby in accordance with the terms and conditions hereof and thereof will not (a) violate any provisions of the Articles or Certificate of Incorporation, By-laws or other charter or organizational document of NORD; (b) violate, conflict with or result in any modification of the effect of, otherwise give any other contracting party the right to terminate, or constitute (or with notice or lapse of time or both, constitute) a default under, and Contract to which any Shareholder or NORD is a party to by or to which any of them or any of their respective assets or properties may be bound or subject; (c) violate any order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against, or binding upon or any agreement with, or condition imposed by, any governmental or regulatory body, foreign or domestic, binding upon any Shareholder or NORD or upon the NORD Shares or the properties or business of NORD; (d) violate any statute, law or regulation of any jurisdiction as such statute, law or regulation relates to any Shareholder or NORD; or (e) result in the breach of any of the terms or conditions of, constitute a default under, or otherwise cause an impairment of, any Permit.
Section 3.07. Title to Stock. Each Shareholder has valid title to their respective portion of the NORD Shares free and clear of all liens or encumbrances, including, without limitation, any community property claim. Upon delivery of the NORD Shares to be made on the Closing Date as herein provided, Bio-Tracking shall acquire good and marketable title thereto, free and clear of any Lien, including, without limitation, any community property claim.
Section 3.08. Options or Other Rights. (a) There is no outstanding right, subscription, warrant, call NORD preemptive right, option, contract or other agreement of any kind to purchase or otherwise to receive from any Shareholder or from NORD any of the outstanding, unauthorized or treasury shares of the Common Stock of NORD; except as otherwise specified in schedule “A” attached; and (b) there is no outstanding security of any kind convertible into any security of NORD, and, except as aforesaid, there is no outstanding contract or other agreement to purchase, redeem or otherwise acquire any of the NORD Shares.
Section 3.09. Material Information. This Agreement, the Schedules hereto, the Financial Statements of NORD and all other information provided in writing by the Shareholders or NORD or representatives thereof to Bio-Tracking, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make any statement contained herein or therein not misleading. There are no facts or conditions, which have not been disclosed to Bio-Tracking in writing which, individually or in the aggregate, could have a material adverse effect on NORD or a material adverse effect on the ability of any Shareholder to perform any of his or her obligations pursuant to this Agreement.
Section 3.10. Financial Statements. The Shareholders have or will have prior to the Closing furnished to Bio-Tracking certain financial statements of NORD as set forth in Section 5.11 hereof (the “Financial Statements”). The Financial Statements shall be true, correct and complete in all material respects and fairly present the financial condition of NORD and the results of its operations for the period then ended and shall be prepared in conformity with U.S. generally accepted accounting principles applied on a consistent basis. Said statements will be as at December 31st year end going back 2 years following United States G.A.A.P. rules.
Section 3.11. Absence of Certain Changes. Since the date of the Financial Statements, there has been no event, change or development which could have a material adverse effect on NORD.
Section 3.12. Undisclosed Liabilities. Except as reflected or reserved against in the Financial Statements, as of and for the period reflected therein, NORD was not on that date subject to, and since that date NORD has not incurred, any direct or indirect indebtedness, liability, claim, loss, damage, deficiency, obligation or responsibility, fixed or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured, accrued, absolute, contingent or otherwise, of a kind required by generally accepted accounting principles to be reflected or reserved against on a financial statement (“Liabilities”), which individually or in the aggregate exceeds $10,000.
Section 3.13. Operations of the Company. Except as contemplated by this Agreement, or as otherwise specified in schedule “B” and itemized with respect to section 3.13 paragraphs (a), (b), (c), (d), (e), (f), (g), (h), (i), (j), and (k), since the date of the Financial Statements, NORD has not (a) amended its Certificate or Articles of Incorporation or By-laws or merged with or into or consolidated with any other person or entity, subdivided or in any way reclassified any shares of its capital stock or changed or agreed to change in any manner the rights of its outstanding capital stock or the character of its business; (b) issued, reserved for issuance, sold or redeemed, repurchased or otherwise acquired, or issued options or rights to subscribe to, or entered into any contract or commitment to issue, sell or redeem, repurchase or otherwise acquire, any shares of its capital stock or any bonds, notes, debentures or other evidence or indebtedness; (c) incurred any indebtedness for borrowed money or incurred or assumed any other Liability in excess of $10,000 in any one case (or, in the aggregate, in the case of any related series of occurrences) or $25,000 in the aggregate; (d) declared or paid any dividends or declared or made any other distributions of any kind to its stockholders; (e) made any change in its accounting methods or practices or made any change in depreciation or amortization policies, except as required by law or generally accepted accounting principles; (f) made any loan or advance to any of its stockholders or to any of its directors, officers or employees, consultants, agents or other representatives, or made any other loan or advance, otherwise than in the ordinary course of business; (g) entered into any lease (as lessor or lessee) under which NORD is obligated to make or would receive payments in any one year of $10,000 or more; sold, abandoned or made any other disposition of any of its assets or properties; granted or suffered any Lien on any of its assets or properties; entered into or amended any contracts to which it is a party, or by or to which it or its assets or properties are bound or subject which if existing on the date hereof would be required to be disclosed in Schedule 3.17; (h) made any acquisition of all or a substantial part of the assets, properties, securities or business of any other person or entity; (i) paid, directly or indirectly, any of its material Liabilities before the same became due in accordance with its terms or otherwise than in the ordinary course of business; (j) terminated or failed to renew, or received any written threat (that was no subsequently withdrawn) to terminate or fail to renew, any contract that is or was material to the assets, Liabilities, business, property, operations, prospects, results of operations or condition (financial or otherwise of NORD; or (k) entered into any other contract or other transaction that materially increases the Liabilities of NORD.
Section 3.14 Compliance with Laws. NORD is not in violation of any applicable order, judgment, injunction, award or decree nor is it in violation of any Federal, state, local or foreign law, ordinance or regulation or any other requirement of any governmental or regulatory body, court or arbitrator, other than those violations which, in the aggregate, would not have a material adverse effect on NORD, neither NORD or any Shareholder has received written notice that any violation is being alleged.
Section 3.15. Actions and Proceedings. There are no outstanding orders, judgments, injunctions, awards or decrees of any court, governmental or regulatory body or arbitration tribunal against or involving NORD, or against or involving any of the NORD Shares. There are no actions, suits or claims or legal, regulatory, administrative or arbitration proceedings pending or, to the knowledge of any of the Shareholders threatened against or involving NORD.
Section 3.16. Contracts. (a) Schedule 3.16 sets forth all of the (see schedule “C”) contracts hereinafter in this Section 3.16 referred to, to which NORD is a party or by or to which NORD or its assets or properties are bound or subject: (i) Contracts with any current or former officer, director, employee, consultant, agent or other representative having more than three months to run from the date hereof or providing for an obligation to pay and/or accrue NORD of $10,000 or more per annum, or providing for the payment of fees or other consideration in excess of $10,000 in the aggregate to any officer or director of NORD, or to any other entity in which NORD or Seller has an interest;
(ii) Contracts for the purchase or sale of equipment or services that contain an escalation, renegotiation or redetermination clause or that can be cancelled without liability, premium or penalty only on ninety days’ or more notice;
(iii) Contract for the sale of any of its assets or properties or for the grant to any Person of any preferential rights to purchase any of its or their assets or properties;
(iv) Contracts (including with limitation, leases of real property) calling for an aggregate purchase price or payments in any one year of more than $10,000 in any one case (or in the aggregate, in the case of any related series of Contracts);
(v) Contracts relating to the acquisition by NORD of any operating business of, or the disposition of any operating business by, any other Person;
(vi) executory Contracts relating to the disposition or acquisition of any investment or of any interest in any Person;
(vii) Contracts under which it agrees to indemnify any party, other than in the ordinary course of business or in amounts not in excess of $10,000, or to share tax liability of any party;
(viii) Contracts containing covenants of NORD not to compete in any line of business or with any person in any geographical area or covenants of any other person not to compete with NORD in any line of business or in any geographical area;
(ix) Contracts relating to the making of any loan by NORD;
(x) Contracts relating to the borrowing of money by NORD or the direct or indirect guaranty by NORD of any obligation for, or an agreement by NORD to service, the repayment of borrowed money, or any other contingent obligations in respect of indebtedness of any other Person, including, without limitation, (a) any Contract relating to the maintenance of NORD balances, (b) any Contract with respect to lines of credit, (c) any Contract to advance or supply funds to any other Person other than in the ordinary course of business, (d) any Contract to pay for property, products or services of any other Person even if such property, products or services are not conveyed, delivered or rendered, (e) any keep-well, make-whole or maintenance of working capital or earnings or similar Contract, or (f) any guaranty with respect to any lease or other similar periodic payments to be made by any other Person;
(xi) Contracts for or relating to computers, computer equipment, computer software or computer services; and
(xii) any other material Contract whether or not made in the ordinary course of business.
(b) There have been delivered or made available to Bio-Tracking true, correct and complete copies of each of the contracts set forth in Schedule 3.17 or in any other Schedule. Each such contract is valid, subsisting, in full force and effect and binding upon the parties thereto in accordance with its terms, and neither NORD nor any of NORD’s other affiliates, as the case may be, is in default in any respect under any of them.
Section 3.17. Liens. NORD has marketable title to all of its assets and properties free and clear of any lien.
Section 3.18. Officers, Directors and Key Employees. Except as specified in Schedule “D” attached, NORD does not have any contract or agreement with any of its officers, directors, employees or consultants whose annual salary equals or exceeds $25,000 or who received or has accrued in respect of such period a bonus equal to or in excess of $5,000; and NORD does not have any commitments or contracts to increase the wages or to modify the condition or terms of employment or consultancy of any of the employees or consultants of NORD, including the aggregate cost to NORD of all such commitments or contracts.
Section 3.19. Brokerage. As a result of the transaction 6,000,000 shares of Bio-Tracking will be issued by Bio-Tracking to pay a finders fee to Finkelstein Capital and or nominees as well as 1,200,000 “success” warrants to be issued to Finkelstein Capital and or nominee according to success factors as per the agreement between Finkelstein Capital and Bio-Tracking, whereby such agreement shall be entered into prior to the closing of the transaction and shall be subject to board approval.
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BIO-TRACKING
Bio-Tracking represents and warrants to the Shareholders as follows:
Section 4.01. Organization, Standing and Authority of Bio-Tracking. Bio-Tracking is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite corporate power and authority to own or lease its assets as now owned or leased by it and to otherwise conduct its business. All corporate proceedings required by law or by the provisions of this Agreement to be taken by Bio-Tracking on or before the Closing Date in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been or will be duly and validly taken.
Section 4.02. Execution and Delivery. This Agreement has been duly authorized, executed and delivered by Bio-Tracking and constitutes the valid and binding agreement of Bio-Tracking enforceable against Bio-Tracking in accordance with its terms.
Section 4.03. Consents and Approvals. The execution, delivery and performance by Bio-Tracking of this Agreement and the consummation by Bio-Tracking of the transactions contemplated hereby do not require Bio-Tracking to obtain any consent, approval or action of, or make any filing with or give any notice to, any person.
Section 4.04. No Conflict. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby in accordance with the terms and conditions hereof will not (a) violate any provision of the Articles or Certificate of Incorporation, By-laws or other charter or organizational document of Bio-Tracking; (b) violate, conflict with or result in the breach of any of the terms of, result in any modification of the effect of, otherwise give any other contracting party the right to terminate, or constitute (or with notice or lapse of time or both constitute) a default under, any contract to which Bio-Tracking is a party or by or to which its assets or properties may be bound or subject; (c) violate any order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against, or binding upon, or any agreement with, or condition imposed by, any governmental or regulatory body, foreign or domestic, binding upon Bio-Tracking or upon the securities, assets or business of Bio-Tracking; or (d) violate any statute, law or regulation of any jurisdiction as such statute, law or regulation relates to Bio-Tracking or to the securities, properties or business of Bio-Tracking.
Section 4.05. Capitalization. Schedule 4.05 sets forth the authorized capitalization of Bio-Tracking which is the only class of the Company’s capital stock outstanding, as of the date of this Agreement. There are no outstanding options or warrants of Bio-Tracking, save for those disclosed in Schedule 4.05. All of the outstanding shares of Bio-Tracking's common stock, numbering no more and no less than 340,000,000 shares as at closing, are duly authorized, validly issued, fully paid and non-assessable and free of pre-emptive rights and all such shares issued during the last 24 months were issued in compliance with all applicable U.S. securities laws and Bio-Tracking will file with appropriate authorities to perform a 1:12 reverse split, whereby the total issued and outstanding of the common shares of Bio-Tracking will be approximately 28,333,000 but no more than 30,000,000 and the shares for the acquisition of NORD will be issued post reverse and therefore Bio-Tracking will have a total of 216,000,000 common shares outstanding.
Section 4.06. Brokerage. No broker or finder has acted, directly or indirectly, for Bio-Tracking, nor has Bio-Tracking incurred any obligation to pay any brokerage, finder’s fee or other commission in connection with the transactions contemplated by this Agreement, except for an obligation of Bio-Tracking to pay up to $25,000 to Finkelstein Capital for legal fees incurred in the preparation of this agreement.
Section 4.07. Certificate of Incorporation and By-Laws. Bio-Tracking has heretofore delivered to NORD true, correct and complete copies of the Certificate or Articles of Incorporation (certified by the Secretary of State) and By-laws or comparable instruments (certified by the corporate secretary thereof) of Bio-Tracking. The minute books of Bio-Tracking accurately reflect all actions taken at all meetings and consents in lieu of meetings of its stockholders, and all actions taken at all meetings and consents in lieu of meetings of its board of directors and all committees.
Section 4.08. Status of Bio-Tracking Shares. Upon consummation of the transactions contemplated by this Agreement, the Bio-Tracking Shares to be issued to the Shareholders, when issued and delivered, will be duly authorized, validly issued, fully paid and non-assessable and free of any and all liens, claims or encumbrances.
Section 4.09 No Bankruptcy. Neither Bio-Tracking nor its assets are the subject of any proceeding involving either a voluntary or an involuntary bankruptcy, insolvency or receivership.
Section 4.10 Absence of Certain Changes. Since December 1, 2004, there has not been any material adverse change in the financial condition, assets or liabilities of Bio-Tracking, and Bio-Tracking has not:
(a) Engaged in any material transaction outside the ordinary course of business;
(b) Made any capital expenditures other than in the ordinary course of business;
(c) Paid, loaned or advanced (other than the payment of salaries or reimbursement of expenses in the ordinary course of business) any amounts to, or sold, transferred or leased any properties or assets to or entered into any other transactions with any of its officers or directors, any of its affiliates, or any officer or director of its affiliates, as may be necessary to comply with Section 7.06 of this Agreement.
(d) Made any material change in any method of accounting or accounting practice;
(e) Incurred any material indebtedness or leasehold expense in excess of $5,000;
(f) Entered into any material guaranties or otherwise incurred or suffered to exist any material contingent liabilities;
(g) Paid or declared any dividend or other distribution in respect of its capital stock, or set aside any sums for the payment of any such dividend or other distribution;
(h) Agreed, whether in writing or otherwise, to do any of the foregoing; or
(i)Suffered any labor trouble or any controversies with any of its employees, or
(j) Entered into any contract, granting of option, future promise or contingent commitment with any director, shareholder, or any other third party for an aggregate amount in excess of $10,000.00.
Section 4.11 Contracts and Commitments. All agreements which materially affect Bio-Tracking to which Bio-Tracking is a party or by which Bio-Tracking or any of its property is bound which exist as of the date of execution of this Agreement have been filed as exhibits to documents filed by Bio-Tracking (collectively the "Contracts") with the Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934. Bio-Tracking is not in default with respect to any material term or condition of any such Contract, nor has any event occurred which through the passage of time or the giving of notice, or both, would constitute a default hereunder.
Section 4.12 Compliance with Laws. Bio-Tracking is not in violation of any applicable order, judgment, injunction, award or decree nor is it in violation of any Federal, state, local or foreign law, ordinance or regulation or any other requirement of any governmental or regulatory body, court or arbitrator, other than those violations which, in the aggregate, would not have a material adverse effect on Bio-Tracking and Bio-Tracking has not received written notice that any violation is being alleged.
Section 4.14 Stop Trade Orders. To Bio-Tracking's knowledge, there are no pending, and there have never been any, stop trade orders issued against Bio-Tracking or any of its directors or officers or those of any affiliates of Bio-Tracking by any securities regulatory authority in the United States.
Section 4.15 Regulatory Investigations. To Bio-Tracking's knowledge, there are no investigations or inquiries pending against Bio-Tracking or its directors or officers by any stock exchange, securities regulatory authority, taxing authority or any other governmental department or agency.
Section 4.16 Corporate Records. All of the minute books and corporate and financial records of Bio-Tracking are, or prior to the Closing will be, in all material respects, complete, up to date and accurate
Section 4.17. Material Information. This Agreement, the Schedules hereto and all other information provided in writing by Bio-Tracking or its representatives thereof to the shareholders, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make any statement contained herein or therein not misleading. There are no facts or conditions, which have not been disclosed to the Shareholders in writing which, individually or in the aggregate, could have a material adverse effect on Bio-Tracking or a material adverse effect on the ability of Bio-Tracking to perform any of its obligations pursuant to this Agreement.
ARTICLE V COVENANTS AND AGREEMENTS
The Shareholders and Bio-Tracking covenant and agree as follows:
Section 5.01. Conduct of Business in the Ordinary Course. From the date hereof through the Closing Date, the Shareholders shall cause NORD to conduct its business substantially in the manner in which it is currently conducted and, without the prior written consent of Bio-Tracking, not to undertake any of the actions specified in Section 3.11 nor enter into any Contract described in Section 3.17.
Section 5.02. Preservation of Permits and Services. From the date hereof through the Closing Date, the Shareholders shall cause NORD to use its best efforts and Bio-Tracking shall use its best efforts to preserve any permits in full force and effect and to keep available the services of their respective present officers, employees, consultants and agents and preserve their goodwill.
Section 5.03. Litigation. (a) From the date hereof through the Closing Date, the Shareholders shall notify Bio-Tracking promptly of any actions or proceedings of the type described in Section 3.15 that from the date hereof are threatened or commenced against NORD or against any officer, director, employee, properties or assets of NORD with respect to its affairs, or against any of the NORD Shares and of any requests for information or documentary materials by any governmental or regulatory body in connection with the transactions contemplated hereby.
(b) From the date hereof through the Closing Date, Bio-Tracking shall notify the Shareholders promptly of any actions, suits or claims or legal, regulatory, administrative or arbitration proceedings that from the date hereof are threatened or commenced against Bio-Tracking or against any officer, director, employee, properties or assets of Bio-Tracking with respect to its affairs and of any requests for information or documentary materials by any governmental or regulatory body in connection with the transactions contemplated hereby.
Section 5.04. Conduct of the Shareholders, NORD and Bio-Tracking Pending the Closing. From the date hereof through the Closing Date, (a) the Shareholders shall use, and the Shareholders shall cause NORD to use its best efforts to conduct its affairs in such a manner so that, except as otherwise contemplated or permitted by this Agreement, the representations and warranties contained in Article III shall continue to be true and correct on and as of the Closing Date as if made on and as of the Closing Date, (b) Bio-Tracking shall use its best efforts to conduct its affairs in such a manner so that, except as otherwise contemplated or permitted by this Agreement, the representations and warranties contained in Article IV shall continue to be true and correct on and as of the Closing Date as if made on and as of the Closing Date, (c) the Shareholders shall promptly notify Bio-Tracking of any event, condition or circumstance occurring from the date hereof through the Closing Date that would constitute a violation or breach of this Agreement by the Shareholders, and (d) Bio-Tracking shall promptly notify the Shareholders of any event, condition or circumstance occurring from the date hereof through the Closing Date that would constitute a violation or breach of this Agreement by Bio-Tracking.
Section 5.05. Corporate Examinations and Investigations. Prior to the Closing Date, Bio-Tracking shall be entitled, through its employees and representatives, to make such investigation of the assets, Liabilities, properties, business and operations of NORD , and such examination of the books, records, tax returns, results of operations and financial condition of NORD, as Bio-Tracking wishes. Any such investigation and examination shall be conducted at reasonable times and under reasonable circumstances and the Shareholders and NORD and the employees and representatives of NORD, including without limitation, their counsel and independent public accountants, shall cooperate fully with such representatives in connection with such review and examination.
Section 5.06. Acquisition Proposals. From the date hereof through the Closing Date, neither the Shareholders nor NORD, nor any of the officers, directors, affiliates, employees, representatives or agents of NORD, shall, directly or indirectly, solicit, initiate or participate in any way in discussions or negotiations with, or provide any information or assistance to, or enter into any Contract with any person, entity or group (other than Bio-Tracking) concerning any acquisition of a substantial equity interest in, or in a merger, consolidation, liquidation, dissolution, disposition of assets of NORD or any disposition of any of the NORD Shares (other than pursuant to the transactions contemplated by this Agreement) (each, an “Acquisition Proposal”), or assist or participate in, facilitate or encourage any effort or attempt by any other person or entity to do or seek to do any of the foregoing. The Shareholders shall promptly communicate to Bio-Tracking the terms of any Acquisition Proposal which any of them may receive.
Section 5.07. Further Assurances. Each of the parties shall execute such documents and other papers and take such further actions as may be reasonably required or desirable to carry out the provisions hereof and the transactions contemplated hereby. Each such party shall use its best efforts to fulfill or obtain the fulfillment of the conditions to the Closing as promptly as practicable.
Section 5.08. Charter Amendments. Prior to the Closing Date, Bio-Tracking shall cause the Articles of Incorporation and By-laws of Bio-Tracking to be amended (a) to set the number of directors at five (5), (b) cause a “reverse split” of its issued and outstanding shares, prior to the issuance of the Bio-Tracking Shares at a ratio of 10:1 while maintaining the number of authorized shares of common stock at 25 million; and, (c) to change the name of Bio-Tracking to “Major League Sports Corporation.”. Bio-Tracking shall file with the SEC any and all forms necessary to conduct the foregoing amendments in accordance with U.S. securities laws and regulations. On or prior to the Closing Date, Bio-Tracking shall cause one (1) designees of the Shareholders to be elected as directors of Bio-Tracking effective immediately following the Closing. There shall be no other amendments of, or modifications to, the Articles or Certificate of Incorporation or By-laws of Bio-Tracking and no amendments or modification to the Articles of Incorporation or By-laws of NORD.
Section 5.09. Disposition of Subsidiaries. Prior to the Closing Date, Bio-Tracking shall sell or otherwise transfer ownership of any of its existing subsidiaries if any and remove all consolidated debt related to such subsidiaries from its financial statements.
Section 5.10. Capital Raising Activities. (a) Bio-Tracking shall immediately commence the offer and sale of approximately 20,000,000 shares to fund marketing activities post closing of this acquisition with NORD.
(b) At the Closing, Bio-Tracking shall have no more than 340,000,000 shares of common stock issued and outstanding, whereas the company will issue 180,000,000 to the NORD shareholders post a reverse split of 1:12 and 6,000,000 shares to Finkelstein Capital or nominees as a finders.
Section 5.11. Delivery of Financial Statements. (a) On or before the Closing Date, the Shareholders shall cause NORD to provide the following financial statements to Bio-Tracking, which shall collectively be referred to as the “Financial Statements”.
(i) Audited balance sheets as of the end of each of the two most recent fiscal years or such shorter period as NORD (including its predecessors) has been in existence;
(ii) Audited statements of income and cash flow for each of the three fiscal years preceding the date of the audited balance sheet referred to in (1) above or such shorter period as NORD (including its predecessors) has been in existence;
(iii) An interim balance sheet as of December 31, 2004; and
(vi) For the interim period between the date of the audited balance sheet referred to in (1) above and December 31, 2004, and for the corresponding period of the preceding fiscal year, statements of income and cash flows.
(b) The audited financial statements referred to in (a)(i) and (a)(ii) above shall be audited by a independent certified public accountants or independent chartered accountants that have been duly registered and in good standing with the Securities and Exchange Commissions’ PCAOB. The interim financial statements referred to in (a)(iii) and (a)(vi) above may be unaudited.
(c) NORD shall also provide a letter from its auditors referred to in (b) above in which the auditors shall state that they will be able to complete its review of NORD’s interim financial statements for filing, as required by the Securities and Exchange Commission and provide assistance to Bio-Tracking’s auditors in the preparation of pro forma financial statements of Bio-Tracking showing the affects of the acquisition of NORD, within 75 days after the Closing.
Section 5.12 Public Announcements. Except as required by any applicable law, rule or regulation, prior to the Closing NORD shall not issue nor permit to be issued any press release or otherwise make or permit to be made any public statement with respect to the transactions contemplated by this Agreement without the prior written consent of Bio-Tracking.
ARTICLE VI CONDITIONS PRECEDENT TO THE OBLIGATION OF BIO-TRACKING TO CLOSE
The obligation of Bio-Tracking to enter into and complete the Closing is subject, at Bio-Tracking’s option acting in accordance with the provisions of this Agreement with respect to the termination hereof, to the fulfillment on or prior to the Closing date of the following conditions, any one or more of which may be waived by it, to the extent permitted by law.
Section 6.01. Representations and Covenants. The representations and warranties of the Shareholders contained in this Agreement shall be true and correct on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date, except that any of such representations and warranties that are give as of a particular date and relate solely to a particular date or period shall be true as of such date or period. The Shareholders shall have performed and complied with all covenants and agreements required by this Agreement to be performed or complied with by them on or prior to the Closing Date. The Shareholders shall have delivered to Bio-Tracking a certificate dated the Closing Date, and signed by each Shareholder to the foregoing effect.
Section 6.02. Governmental Permits and Approvals. All approvals, authorizations, consents, permits and licenses from governmental and regulatory bodies required for the transactions contemplated by this Agreement and to permit the business currently carried on by NORD to continue to be carried on by NORD substantially in the same manner immediately following the Closing Date shall have been obtained and shall be in full force and effect and without conditions or limitations reasonably unacceptable to Bio-Tracking, and Bio-Tracking shall have been furnished with appropriate evidence, reasonably satisfactory to it and its counsel, of the granting of such approvals, authorizations, consents, permits and licenses. There shall not have been any action taken by any court, governmental or regulatory body then prohibiting or making illegal on the Closing Date the transactions contemplated by this Agreement.
Section 6.03. Third Party Consents. All consents, permits and approvals from parties to contracts with NORD that may be required in connections with the performance by the Shareholders of their obligations under this Agreement or the continuance of such contracts with NORD in full force and effect after the Closing shall have been obtained.
Section 6.04. Litigation. No action, suit or proceeding shall have been instituted and be continuing or be threatened by any Person to restrain, modify or prevent the carrying out of the transactions contemplated hereby, or to seek damages in connection with such transactions, or that has or could have a material adverse effect on NORD.
Section 6.05 No Change in Capitalization. On the Closing Date, the capitalization of NORD shall be as represented in Section 3.02.
Section 6.06. Reimbursement of Expenses. At the Closing, NORD will pay up to US$5,000 non-refundable fee to the Escrow Agent as reimbursement to Bio-Tracking for various fees and expenses of Bio-Tracking and/or its affiliates that they have or will disbursed for completion of this transaction.
Section 6.07. Board and Shareholder Approval. Prior to the Closing, NORD will obtain from its Board of Directors and its shareholders approval of this Agreement and the transactions contemplated hereby.
Section 6.08. Cancellation Fee. In the event that the transactions contemplated by this Agreement are not closed by June 15, 2005 as the result of any breach by NORD of its obligations hereunder, a material misrepresentation by NORD to Bio-Tracking, or the failure of NORD or its auditors’ inability or failure or refusal to provide the necessary audits and reviews of the Financial Statements as required pursuant to Section 5.12 above, NORD shall pay to Bio-Tracking a cancellation fee of US$5,000.
ARTICLE VII CONDITIONS PRECEDENT TO THE OBLIGATION OF THE SHAREHOLDERS TO CLOSE
The obligation of the Shareholders to enter into and complete the Closing is subject, at the Shareholder’s option acting in accordance with the provisions of this Agreement with respect to the termination hereof, to the fulfillment on or prior to the Closing Date of the following conditions, any one or more of which may be waived by it, to the extent permitted by law.
Section 7.01. Representations and Covenants. The representations and warranties of Bio-Tracking contained in this Agreement shall be true and correct on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date, except that any of such representations and warranties that are give as of a particular date and relate solely to a particular date or period shall be true as of such date or period. Bio-Tracking shall have performed and complied with all covenants and agreements required by this Agreement to be performed or complied with by them on or prior to the Closing Date. Bio-Tracking shall have delivered to the Shareholders a certificate dated the Closing Date, and signed by an appropriate officer of Bio-Tracking to the foregoing effect.
Section 7.02. No Change in Capitalization. On the Closing Date, the capitalization of Bio-Tracking shall be as represented in Section 4.05, plus the issuances as contemplated in Section 5.10 hereof.
Section 7.03. Appointment of NORD’s Board Nominees; Resignation of Current Directors. At the Closing, Bio-Tracking shall deliver or cause to be delivered the resignations and releases and indemnification of all the officers of Bio-Tracking. Bio-Tracking shall also cause, at closing that all the directors of Bio-Tracking shall deliver seriatim their resignations together with releases and indemnifications in favor of two NORD nominees and that NORD shall as a result have 2 two out of 5 five directors post closing.
Section 7.04. Filing of Periodic Reports. From the date of this Agreement up to the Closing Date, Bio-Tracking will file with the U.S. Securities and Exchange Commission any and all periodic reports required to be filed by Bio-Tracking pursuant to Section 13(g) of the Securities Exchange Act of 1934 and at the Closing, Bio-Tracking shall be current in such filings for the past two (2) years. All such reports filed from the date of this Agreement shall be, as of the time of filing, accurate, not misleading and complete in all material respects and the financial statements included therewith shall have been prepared in accordance with generally accepted accounting principles.
Section 7.05. Quotation on OTC/BB. Prior to the Closing Date, Bio-Tracking shall on a best effort basis have completed its application ready to be filed, through a licensed market maker, for approval of its common stock to be quoted on the OTC/Bulletin Board.
Section 7.06. Financial Liabilities at Closing. As of the Closing Date, Bio-Tracking shall have no assets and no liabilities.
Section 7.07. Board and Shareholder Approval. (a) Prior to the Closing, Bio-Tracking shall obtain the approval of its Board of Directors of this Agreement and the transactions contemplated hereby.
(b) Bio-Tracking shall cause an Information Statement on Schedule 14C to be filed with the SEC and mailed to its shareholders of record disclosing that Bio-Tracking has entered into this Agreement and also the transactions contemplated hereby. Such Information Statement shall also provide that Bio-Tracking intends to change its name to “Nord Oil International Inc.”, along with any other action of which Bio-Tracking requires shareholder approval in order to close this Agreement in accordance with the terms hereof. Shareholders of Bio-Tracking holding at least a majority of Bio-Tracking’s issued and outstanding shares of common stock, as of the record date, shall approve of this Agreement and the transactions contemplated hereby either by proxy or written consent.
Section 7.08. Cancellation Fee. In the event that the transactions contemplated by this Agreement are not closed by June 15, 2005 as the result of a material misrepresentation by Bio-Tracking in any of its periodic reports filed with the SEC through to current filing or any breach by Bio-Tracking of its obligations hereunder or a material misrepresentation by Bio-Tracking to NORD, Bio-Tracking shall pay to NORD a cancellation fee of US$5,000.
Section 7.09 Indebtedness to and from Officers, Directors and Stockholders. Bio-Tracking is not indebted to any officer, director, or stockholder of Bio-Tracking in any amount whatsoever.
ARTICLE VIII POST-CLOSING COVENANTS
The parties hereto hereby make the following covenants and promises to the other with the express understanding that such covenants and promises shall survive past the Closing Date.
Section 8.01. Recapitalization. The Shareholders shall not vote in favour of any reverse split of Bio-Tracking’s stock that is proposed by the Board of Directors of Bio-Tracking or any shareholders of Bio-Tracking at any time during the two (2) year period that commences on the Closing Date except for the planned 1:12 reverse split.
Section 8.02. Transfer Agent. The Shareholders and NORD shall cause Bio-Tracking to continue to use Bio-Tracking’s current transfer agent, Interwest Transfer, for a period of two (2) years that commences on the Closing Date unless otherwise determined by the Bio-Tracking board post closing.
ARTICLE IX MISCELLANEOUS
Section 9.1 Timing. Time is of the essence of this Agreement and each party hereto agrees and covenants to use their reasonably best efforts to complete the transactions contemplated hereby in a timely manner.
Section 9.2 Additional Documentation. The parties will execute and deliver such further documents and instruments and do all such acts and things as may be reasonably necessary or requisite to carry out the full intent and meaning of this Agreement and to effect the transactions contemplated by this Agreement.
Section 9.3 Assignment. This Agreement may not be assigned by any party hereto without the prior written consent of all parties to this Agreement.
Section 9.4 Execution in Counterparts. This Agreement may be executed in several counterparts, each of which will be deemed to be an original and all of which will together constitute one and the same instrument.
Section 9.5 Expenses. Each party will pay its legal expenses incurred in connection with the transactions contemplated hereby, whether or not such transactions are consummated; provided, however, the parties shall share in the cost of the preparation of this Agreement and the preparation and mailing of an Information Statement to BIO-TRACKING’s shareholders seeking approval of this Agreement and the transactions, which is estimated to be approximately $20,000 USD.
Section 9.6 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada, without regard to principles of conflicts of law.
IN WITNESS WHEREOF the parties hereto have set their hand and seal as of the day and year first above written.
“SHAREHOLDERS” BIO-TRACKING CAPITAL II INC., a Florida corporation
EXHIBIT B ALLOCATION OF BIO-TRACKING SHARES TO NORD SHAREHOLDERS
Name of NORD Shareholder and or nominee(s) Number of NORD Shares Held Number of Bio-Tracking Shares to be Received Monimpex N/A 13,500,000 Finkelstein Capital and or nominee(s) N/A 13,500,000 80,000,000 25,000,000 10,000,000 10,000,000 10,000,000 10,000,000 8,000,000
Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Buy Minimum Weakest
Short Term Indicators 7 Day Average Directional Indicator Buy Average Weakest 10 - 8 Day Moving Average Hilo Channel Buy Minimum Weakest 20 Day Moving Average vs Price Buy Average Weakest 20 - 50 Day MACD Oscillator Buy Maximum Strongest 20 Day Bollinger Bands Hold Bearish
Short Term Indicators Average: 80% - Buy
Medium Term Indicators 40 Day Commodity Channel Index Buy Minimum Weakest 50 Day Moving Average vs Price Buy Average Weakest 20 - 100 Day MACD Oscillator Buy Maximum Strongest 50 Day Parabolic Time/Price Buy Average Weakest
Medium Term Indicators Average: 100% - Buy
Long Term Indicators 60 Day Commodity Channel Index Buy Weak Weakest 100 Day Moving Average vs Price Buy Average Weakest 50 - 100 Day MACD Oscillator Hold Bullish
Long Term Indicators Average: 67% - Buy
Overall Average: 88% - Buy
as of close yesterday long term indicators are up 33%
Posted by Chadsly on :
Morning guys. I've been following this stock a little bit and have some questions. It does seem like an impressive undertaking on the company's part, which is attractive. They have done a descent job on telling everyone what's going on (R/S, etc.). My real question is, what's make anyone think the purchase of $2.5 billion is worth it. I just don't see them raising enough money with only the addition of 180 million shares. From what I can gather, the oil isn't even close to the $2.5B deal. Someone, make me a believer. I'd love to ride from .02 to .30 (even if it takes a year).
Posted by $Keith$ on :
Still think we will not see the PPS rise this deserves yet do to there not being a PR about the SEC 8 filing...unless you go looking for it nobody will see it...gotta be patient!
Posted by Thorn on :
bid 3x.019 1x.018 5x.015
ask 1x.023 1x.026 3x.0275 1x.028 2x.03
Posted by stockvaper on :
Chadsley, this portion of their PR (below) is where they got the $ 2.5 billion in value. A large portion of the potential seems to depend on if, in fact, the probable reserves are really there with the proven reserves. And remember, it's not just the stock BTSI is offering in this deal, Nord will still own over 80% of all of the stock after the R/S. But even the proven reserves would make this stock vastly undervalued IMO. Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc. Posted by Durple on :
In the filing they said they are offering 20mil shares after merger to raise additional capital. Authorized shares never to be over 340mil shares.
Posted by Mule on :
From another board:
From my unnamed source,BTSI addresses investors concerns
We have read your email and understand your concern. You mentioned you were a "trader" and in such capacity you are very well placed to evaluate why stocks go up and down. However, since you are inquiring regarding such price movement, we can provide you with some basic understanding of market as it pertains to reverse mergers.
Several Cause could be responsible:
1. Profit taking from investors that got in on the ground level at $0.004 2. Selling pressure from "heritage" shareholders that have had the stock for 2 or 3 years without liquitity and are now taking advantage of the current price movement to exit with no regard to the new merger candidate i.e. NordOil. 3. Pinksheet syndrom of investors vs market makers
We believe that 1 and 2 are causing the price decline. Currently the company is widely held and many investors have lost faith in this shell and are not willing to stay the course of a success in the making.
Having said that, if you have any comments and or questions, please do not hesitate to give us a call. Also, please note that we are not currently reviewing investment and the board of directors have requested to hold any such approach until further notice. We will therefore provide you with a complete package once we are ready consider investments and we expect that such time to be September or October and we will send you a package at that time.
Sincerely,
BIO-TRACKING
PER: Jean-Francois Amyot President
Posted by Thorn on :
Nice, Mule. Tx!
Posted by TotalZen on :
It's truly baffling...
HEADLINES No headlines available for BTSI.PK.
REPORTS No reports available for BTSI.PK.
Posted by stockvaper on :
TotalZen, you can go to Pink Sheets and get all of the PR's for BTSI.
Posted by TotalZen on :
Yeah I realize, not worried about the info on my behalf as I have access to any and all of it available. Just that most others won't know about it unless they're hardcore traders.
I think Yahoo is broken right now because it isn't working for several I've tried today.
And MSN doesn't have any mention of the recent filings.
Ah well, it'll hit people's radar down the road I guess once we're on the OTCBB.
Posted by kt325ci on :
bxa .024x.025
Posted by kt325ci on :
Big buys came through at .025
.024x.026 now. Looks like we bottomed out today.
Posted by rishid on :
I have been trying to get in at .026 and have not been filled for over 30minutes.
Posted by kt325ci on :
buying is still taking place
.025x.0275
Posted by Penny_Stock_Master on :
.026 x .0275 1 x 2
Posted by Thorn on :
rollercoaster time...
bid 1x.025 1x.024 1x.023 1x.019 1x.018
ask 1x.026 2x.0275 5x.03
Posted by bond006 on :
i just got filled for another 100000. had to raise my ofrfer .028
Posted by realityinc21 on :
.0056 Posted by bond006 on :
gota love you reality go btsi goooooooooooo!!!!
Posted by Thorn on :
quote:"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot
Current after r/s price equivalent is $0.30 pps, which makes this a steal right now...
Posted by kt325ci on :
.028x.029
6 mm's on the bid at .03
Posted by Durple on :
what do you think it will run to?
Posted by rishid on :
When is the R/S happening? Haven't had a chance to read through all the pages. Busy @ work Posted by kt325ci on :
Back at .03...I think we have started a reversal...it's looking very bullish!
Posted by Penny_Stock_Master on :
.028x .03
taking off now
Posted by Durple on :
before or by Sept 1
Posted by Penny_Stock_Master on :
is going to goooooo
Posted by Durple on :
L2's?
Posted by Penny_Stock_Master on :
there it is
.029 x .031
2 x 1
Posted by Durple on :
comon break 3
Posted by Penny_Stock_Master on :
Bid
.029 x 2 .028 .023
ASK .031 .035x 5 .04 x 2
Posted by bond006 on :
just imagin if oil hit $70 a barrle and the price at the pump hit $3 a gallon you would even need good pr for this to run like a raped ape Posted by Thorn on :
I don't think the price of oil is what is affecting this stock right now...
Posted by rickpic on :
That was my 114000 buy @.026
Posted by rickpic on :
the support above .02 is growing and it looks to be ready to move much higher. Maybe ever this afternoon!
Good Luck Rick
Posted by $Keith$ on :
I have been exchanging emails with a contact in russia who is an investor, he is very interested in investing a large sum of money in BTSI and has been in contact with BTSI's President Jean-Francois Amyot
He sent a email asking that if Nord Oil accusition is going to be so good for BTSI why has the price been up and down...hers is the reply
Dear Mr. de Broyer,
We have read your email and understand your concern. You mentioned you were a "trader" and in such capacity you are very well placed to evaluate why stocks go up and down. However, since you are inquiring regarding such price movement, we can provide you with some basic understanding of market as it pertains to reverse mergers.
Several Cause could be responsible:
1. Profit taking from investors that got in on the ground level at $0.004 2. Selling pressure from "heritage" shareholders that have had the stock for 2 or 3 years without liquitity and are now taking advantage of the current price movement to exit with no regard to the new merger candidate i.e. NordOil. 3. Pinksheet syndrom of investors vs market makers
We believe that 1 and 2 are causing the price decline. Currently the company is widely held and many investors have lost faith in this shell and are not willing to stay the course of a success in the making.
Having said that, if you have any comments and or questions, please do not hesitate to give us a call. Also, please note that we are not currently reviewing investment and the board of directors have requested to hold any such approach until further notice. We will therefore provide you with a complete package once we are ready consider investments and we expect that such time to be September or October and we will send you a package at that time.
Sincerely,
BIO-TRACKING
PER: Jean-Francois Amyot President
Posted by rickpic on :
tell your pal to get it while he can because this is gonna test the .035 hard the next time and we all know what happens if it gets past .035!
Good Luck Rick
Posted by rickpic on :
Am I the only one left in this? L2 looks sweet for a run here!
Rick
Posted by kt325ci on :
I'm still here. A lot of buying took place today which is a good sign. Another good thing is that for one of the first times I'm not seeing a buy followed by a sell for the exact number of shares. I saw a whole lot of this during the last couple days.
A close at .03 would be very bullish but even as it stands now, we are up 30% for the day.
Posted by $Keith$ on :
Still in for long haul...I don't think we are going to get much movement, nobody can see this stock unless they are looking for it, yesterday's SEC filing was not sent out as a PR....people are not seeing this stock and the potential it has like we are, it's gonna take time...IMO...Let's Go BTSI
Posted by clbgroove on :
Ric who do u have L'2 with. I have scottrade and some have L2's and some dont and this one OF COURSE does not since I am in it. Thanks
Posted by madmoney on :
still in!. waiting for investors to wake up to this great play. all they need to do is read the filing, its a winner! talking hundreds of millions of dollars here!
Posted by $Keith$ on :
Yeah whats up with the L2's I can only get OTCBB and obviously nasdaq and nyse L2's but not pinks!!!
How do you guys get pink L2's???
Posted by rickpic on :
alphatrade is what I have for L2
Posted by kt325ci on :
I use Alphatrade.com for L2. It's a pay service but works great.
Posted by $Keith$ on :
quote:Originally posted by kt325ci: I'm still here. A lot of buying took place today which is a good sign. Another good thing is that for one of the first times I'm not seeing a buy followed by a sell for the exact number of shares. I saw a whole lot of this during the last couple days.
A close at .03 would be very bullish but even as it stands now, we are up 30% for the day.
Good Point KT...also from the reply from the president of BTSI, he said that there would be alot of profit taking from investors who have had long positions in this company that would be selling off, I think most of them are gons now, also the daytraders who seen the spike in price and jump on board for the ride have now cleared, now we start building a new floor, for the next leg up...IMO...a couple more days of trading at this level and we should start running up again.
Posted by TotalZen on :
You have to subscribe to a service like Alphatrade to get L2 on pinks, it isn't a standard feature.
Posted by TotalZen on :
$15.00 / month btw.
Posted by $Keith$ on :
I just signed up...whoo hooooo...
seing some sells go through at .023
Posted by TotalZen on :
"I just signed up...whoo hooooo.."
Heheh, cool.
Posted by $Keith$ on :
I see what you were saying KT, about the big buy at the ask then a sell at the bid....are the MM's playing with them self's no pun intended???
Looks like the MM's are playing games like always!!!!
Posted by $Keith$ on :
Ask is very thin right now...
Ask
.025 .029 .03 .031 .035
Posted by rickpic on :
Now somebody is gathering some major shares! Very nice volume!
Posted by $Keith$ on :
yes but if you look at the time and sales, there a 100k buy followed by a 100k sell, then a 200k buy and 200k sell like clockwork!
Posted by bond006 on :
posted by 2create on rb in answer to a post
OldGang,
The company you bought into two years ago has nothing to do with the current BTSI...This is more than just a name change...you'll be happy to know. This BTSI as of today is simply a clean shell acquired to be used solely as a 'tool' for an IPO (of Nord Oil International) through a RTO (reverse takeover merger) transaction process. Finkelstein Capital has been commissioned to take Nord public. The most exciting part of this new opportunity, is the distinct possibility of it being a 'spin-off' subsidiary of a parent company known as 'Northern Oil' (a.k.a. Nord Oil in Russia) with significant operations just North of our current two major Oil site locations. To give you an example of the true size and caliber of this current 'Northern Oil' a.k.a. Nord Oil (English version)...on June 24th it was the successful bidder of a major Oil & Gas field, that of which went head-to-head against giants, Lukoil and Gazprom...and WON! The close geographical location of the first two major O&G License sites (to Northern's Operations), the sharing of the name Nord Oil, the fact that the Russian government is also liberalizing the shares of Gazprom making there stock also publicly traded (no longer just in the form of ADR's), the statement made by the newly appointed Andrei Bobovsky as Vice-President of Operations, saying "knowing who Nord Oil really is, I could not refuse such an opportunity to join Bio-Tracking, a true success in the making," and knowing of 'substantial storage facilities' as indicated in the PR as well as 8k filing....Well, I think I just happen to know what they are referring to there as well, but at this exact point I can't confirm that part. But I can tell you this, I KNOW all about Northern Oil a.k.a. Nord Oil that currently exists, it's locations, operations and overall presence in Russia...and if we are to be closely affiliated with them...We truly ARE watching a "success story in the making"
.025 nice close. I think this could be the start of an uptrend.. ,,,,
Posted by rickpic on :
yup Penny Master they are lining up at .05 and thats where i think its going in short order!
Posted by bond006 on :
i hope you guys a right i can't wait for the ride even if it is in the rumble seat
Posted by $Keith$ on :
yes they are rick
4x .05 2x .052 1x .055
Posted by Thorn on :
quote:Originally posted by TotalZen: $15.00 / month btw.
Not exactly...
Alphatrade:
Monthly Base Fee $17.00 Exchange Communication Fee (ECF) $10.00 Pink Sheet Level 2 $15.00 Transaction Fee $1.00 Total charged to your credit card as per your account $43.00
This is after the free 7 day trial, and is prorated for the remainder of the month. I think it is necessary to have this if you are trading pinks. Oh, and level 2 comes with level 1.
I seen where Finkelstein Capital was commissioned to take NORD public. So I went to Finkelstein Capital's website and it's quite interesting that Jean-Francois Amyot is not only the President and CEO of BTSI but he is also the Senior General Partner of Finkelstein Capitol. Just some info for everybody.
Posted by mgd723 on :
Here is the website address for Finkelstein Capital.
Not sure if any of this makes a difference just wanted everybody to know
Posted by $Keith$ on :
I was poking around at the website also, I guess they specialize in Merger and company acqusitions, acting as the middle man between two companies. I would say that this Nord oil acqusition should go quite smoothly since BTSI president will taking care of both angles of the deal.
Take a look at who there partners with...SNG another Canadien Energy company based in Calgary, these canadiens love oil...SNG just settled a lawsuit with the united states for drilling offshore Nova Scotia.
I think Canada is looking to take over the world by buying up all the oil...lol..JK
Posted by mgd723 on :
Why not, buy it all up and sell it to the U.S and undercut the middle east. They look to make a pretty penny.
Posted by firefighterswct on :
Im interested on getting in on this company is now a good time or should i wait and hope it gets back below a certain point.
Posted by mgd723 on :
IMO I would have to say anywhere between .02 and .03 is about as good a price as your gonna get. There's a chance that it might go back below .02 again but i would not count on it. It closed at .025 today and I believe that it is going to go up.
Posted by rickpic on :
firefighter
give or take a penny at this level really wont matter over the long run! The mid 2 range seems like a safe enough enrty area, but there are no guarantees thats its gonna stay down here for much longer. Nor are there any that it wont go lower! I own it and feel safe buying at this level.
Good Luck Rick
Posted by rickpic on :
we are thinking alike there mgd
Posted by TotalZen on :
Found this on RB, it's a response by the CEO to someone's email inquiry (AMEX in 2006? I like the sound of that)...
By the way this is what the president told me over the weekend:
Dear Mr. ######,
Thank you for your comments and recommendations. We are currently working on bringing the company back to the OTCBB as a first step and we believe to be able to request listing on the AMEX by 2006.
The properties that we have acquired already have several wells and we will continue to produce with those and also create a joint venture to explore further the property.
We plan to announce the complete plan in the next several weeks.
Sincerely,
BIO-TRACKING SECURITIES
Per: Jean-Francois Amyot President
----- Original Message ----- From: Paul ##### To: jfamyot@finkelsteincapital.com Sent: Saturday, June 25, 2005 9:51 AM Subject: Recent Events
Dear Mr. Amyot,
Your recent news was extremely uplifting and rewarding to hear. I have been following and investing in your company for some time now.
Have you considered going back to the OTC from the Pink Sheets, or even the AMEX or Nasdaq. Many investors are skeptical and cautious investing in the Pink Sheets, and a new listing, I feel would bring in a whole new breed of investor.
Are you currently evaluating drill sites? Do you have a time frame to begin drilling? Any press release, on such matters would relief many investors minds.
Once again Good Job Guys...
Thanks,
########
Posted by rishid on :
That is a nice email
Thanks for that, this is almost too promising.
Posted by TotalZen on :
This has got to be the biggest hidden gem I've ever come across, bar none.
Posted by Thorn on :
I think it's more like a pearl. We are going to have to hold it for a while to let it grow to a nice value.
Every pearl begins with a small something that is irritating the clam. This one has been irritating all of us, but soon we'll be happy we endured it.
Posted by bond006 on :
all the charts are up again on this stock
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 3197185
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1496646
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 925677
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.0250 0.0143 0.0253 0.0363
Click on the indicator for a graphical interpretation of the result or visit the Learning Center for more information on the studies
Subscription benefits include the ability to search
Posted by stockvaper on :
I can guarantee this stock will close up today. Reason? Because I won't have the funds available to buy more until tomorrow. Posted by bond006 on :
good morning all its a new day and i am ready how are all of you i think you will still get a good entry point on monday stockvaper
Posted by kt325ci on :
quote:Originally posted by bond006: good morning all its a new day and i am ready how are all of you i think you will still get a good entry point on monday stockvaper
You'd better hope we don't close over .03 today. IF that happens I doubt you'll get any shares in the .02's on Monday.
I personally hope we trade in range between .02-.03 for a while to form a nice period of consolidation and form a strong base. That also gives everyone plenty of time to accumulate more shares.
Posted by bond006 on :
i hope we do to kt325ci for those that still need a little time to get more but there has to be a cut off time sooner or later a good healthy rise in the pps would certianly get my blood going
Posted by $Keith$ on :
I think you we will trade here for a while in the .02-.03 range...
we got no bid support right now
quite a few buy's going through at .027
bid
1x .024 3x .023
ask
1x .027 2x .029 big spread
Posted by $Keith$ on :
lining up on the ask...still no bid support and a huge spread...
Bid 1x .024
Ask 3x .029
Posted by $Keith$ on :
nice movement on low volume....
.029 (+16%)
volume 159,475
Posted by $Keith$ on :
anbody here today??
Posted by Thorn on :
What's the point?
I'm keeping an eye on it but not actively watching.
Posted by madmoney on :
still here, slow day, low volume not unusual picks up as the day goes on. need a more active pr campaign from the company to get it moving. i can wait!
Posted by $Keith$ on :
quote:Originally posted by madmoney: still here, slow day, low volume not unusual picks up as the day goes on. need a more active pr campaign from the company to get it moving. i can wait!
I agree madmoney....The PR's are not getting to as many people as they should...only three sells today and 9 buys, it should pick up later today
Posted by kt325ci on :
This thing will go nuts once we get more PR's which from what I read will be soon. Interest is fading but the smart investors are accumulating and not many profit takers are left. It make take a couple weeks but we should be over .05 easy.
Posted by firefighterswct on :
ANYONE HAVE THE L2'S ON THIS ? AND WHERE ARE U GETTING THEM FROM CAUSE ETRADE DOSSENT HAVE THEM ON THERE PAGE
Posted by firefighterswct on :
ANYONE HAVE THE L2'S ON THIS ? AND WHERE ARE U GETTING THEM FROM CAUSE ETRADE DOSSENT HAVE THEM ON THERE PAGE
Posted by PureProfits on :
quote:Originally posted by firefighterswct: ANYONE HAVE THE L2'S ON THIS ? AND WHERE ARE U GETTING THEM FROM CAUSE ETRADE DOSSENT HAVE THEM ON THERE PAGE
BID 4 at 0.024 2 at 0.023
ASK 1 at 0.028 2 at 0.029 1 at 0.030
Posted by firefighterswct on :
thank you
Posted by firefighterswct on :
what web site are u using to get them if you dont mind sharing
Posted by PureProfits on :
alphatrade
Posted by $Keith$ on :
ask is thin right now any volume and we would fly....
Posted by PureProfits on :
yep and the support level is massive in the 0.020-0.024 range....I'm thinking of buying a few more if I can get them at 2.5 or 2.6
volume is the only thing keeping this one down today....right now today it's on pace to do only about 20% of the 10d volume avg.
Posted by Hawaii Eric on :
There's a couple of additional reasons that I can think of to explain why the price isn't as high as you think it should be:
1) Liquidity -- There's been many days where this stock hasn't traded at all and if you go back to before the news about Nord Oil you'll see the average volume is less than 1/2 million shares easily. Many investors and traders won't buy stock they don't think will be easy to get out of at a reasonable price. Others must be given a discount in order to induce them to buy such a low liquid stock.
2) Risk -- While a definitive agreement has been reached with Nord, the deal isn't done until the shares have been issued to the Nord owners. I'm sure you can think of many things that can occur between now and then that would be extrememly bad for us BTSI investors. This risk calls for a discount in the price, and also a larger spread in the bid/ask.
Just my two cents.
Posted by $Keith$ on :
Good Points
Posted by kt325ci on :
The upcoming holiday weekend is helping to slow down the market activity. We'll probably have even less volume tomorrow.
Posted by $Keith$ on :
also there is a big Fed meeting this week...alot of investors are waiting for press release on the outcome of this meeting....
Big week, big worries
The Fed's expected interest rate hike leads the list of key events for investors next week. June 25, 2005: 8:37 AM EDT By Alexandra Twin, CNN/Money Staff Writer
NEW YORK (CNN/Money) - Hold on tight, it's going to be a bumpy ride.
Investors still reeling from last week's bruising return Monday to the busiest week on Wall Street this month. No, you can't just slip out back and return after the Fourth of July. And really, why would you want to?
Many of the hot issues that have been bothering investors will be addressed starting Monday. Not resolved, mind you, but at least addressed.
The new week brings reports on inflation, personal income and spending, consumer confidence, manufacturing, and the biggest news of the week -- the Federal Reserve's meeting on interest rates.
Then of course there's oil, which hit record highs three times last week, leaving prices up about 38 percent so far this year.
The Fed meeting is the big event of the week, said William Hummer, principal at Wayne Hummer.
"I think it will be a relief for the stock market to get past it, and then in July we may see more of an upturn," he said. "But right now, $60-a-barrel oil is making people nervous."
Oil hit $60 a barrel Thursday and tested that level again Friday, before closing the week at $59.84, the highest settlement price for a front-month futures contract in the 22 years of futures trading on the New York Mercantile Exchange.
The rally revived worries, and sparked debate, about how high oil might go.
"The stock market is looking at a pretty benign economy, low interest rates and a 10-year note yield that is below 4 percent, all positives," said Stephen Leeb, president at Leeb Capital Management. "But then there's the big negative -- oil."
"The question is whether it will go high enough to hurt the economy, hurt corporate profits, cut into discretionary spending," he said. "My sense is that we probably would need to see oil above at least $65 a barrel on a sustained basis before people really get concerned."
But in the short term, oil is making investors nervous enough -- witness the two-day sell-off that bruised stocks Thursday and Friday.
Fed meeting looms Fed policy-makers, due to meet Wednesday and Thursday, are widely expected to boost the fed funds rate, an overnight bank lending rate, another quarter point to 3.25 percent, which would be the ninth straight increase since last June.
Many Fed watchers expect another quarter-point hike in August.
But a debate has been raging on Wall Street as to whether the central bank is likely to pause its rate-hiking campaign after August -- and investors will be scouring Thursday's Fed statement for clues.
Analysts said stocks are betting on a pause after August, with investors pointing to signs of slower economic growth as evidence. That belief has protected the stock market over the last few weeks from steeper losses, even as oil prices surged.
Influential bond fund manager Bill Gross went so far last week as to say that not only is the Fed near the end of its rate-hike campaign, but that the central bank may start cutting rates later this year.
Gross is in a decided minority. Many economists say even if the Fed pauses after August, it could start raising short-term rates again afterward.
"Everyone expects the Fed to raise (a quarter point) and everyone wants to see if there is a change in the outlook that gives hints about future meetings," said Michael Sheldon, chief market strategist at Spencer Clarke.
All eyes will be on whether the Fed keeps its pledge to raise rates at a "measured" pace and what it says about the economy, and oil prices.
The statement will probably say the economy is growing at a moderate rate and that inflation remains well contained, little different from May's statement, said Hummer.
Greenspan and company are also unlikely to say anything that may upset the market, Hummer added, noting that the statement will likely try to soothe participants, even as it makes clear that rates will rise again at the August meeting.
One factor that could support stocs next week: Thursday is the last day of the quarter.
The last week of a quarter tends to be an up one for markets, according to Stock Trader's Almanac, as portfolio managers buy some of the quarter's big winners so their portfolios look better.
Posted by $Keith$ on :
Finally dropped the ask to .026
Posted by Durple on :
Seems to be getting slower still holding here
Posted by $Keith$ on :
Slow day...should be a slow day tomorrow also...next week will be better!
Posted by madmoney on :
been looking at some( bigger ) oil companies, one, nfx has about 60 mil bbl in proven reserves currently trading at 40$, we have about 15 mil proven and PROBABLE reserves, about 20% of nfx ( granted they are a going concern and we are just starting out ) think of it 20% of 40$ = 8$ what did btsi value thier holdings at? 2.50. may be way under valued. this does not realy mean anything just food for thought. i am in and staying/accumulating for the reward witch common sense says must come! GL everyone!!
Posted by bond006 on :
Bio Tracking Sec Inc (OTHER OTC: BTSI) 0.02 0.00 ( -4.00%) Data as of 6:41 PM ET 6/30/05
Bio-Tracking Hires Andrei Bobovsky as Vice-President of Operations - PrimeZone
MONTREAL, May 5, 2005 (PRIMEZONE via COMTEX) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) announced today that the company has hired Andrei Bobovsky as Vice-President of Operations to assist management and the company's team of consultant with the acquisition and post acquisition of Nord Oil properties.
"After reviewing the current potential properties with management and knowing who Nord Oil really is, I could not refuse such an opportunity to join Bio-Tracking, a true success in the making," said Mr. Bobovsky, Vice-President of Bio-Tracking.
Mr. Bobovsky is a graduate of the State University in Russia and brings with him a wealth of experience in the management of Russian personnel and assets and in negotiating with Russian regulatory and governmental authorities. Mr. Bobovsky is fluent in English, Russian, and Chinese (Mandarin) and his participation on the Company's management team is expected to facilitate considerably the unrolling of the Company's business plan.
"We are very fortunate to have such a senior manager join our company in these exiting and promising times," said Mr. Amyot, President of Bio-Tracking. "His experience with Russian regulatory authorities and the fact that he can speak 3 languages will give us a tremendous advantage," further added Mr. Amyot.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
SOURCE: Bio-Tracking Security, Inc.
Bio-Tracking Security Inc. Jean-Francois Amyot, President C/O Finkelstein Capital Inc. 514-448-6710 514-448-6712 - Fax jfamyot@finkelsteincapital.com
(C) 2005 PRIMEZONE, All rights reserved.
Back Most Recent News Stories Thursday
Posted by bond006 on :
look at this article i found about hiring mr bobovsky look at his bio very experienced in negotiating with russian regulatory and governmental agencies. fluent in english,russian,and chinese and will play a key part in facilitate the companies business plan. after he reviewed thethe companies potential properties and knowing who the company really is he could not refuese the opportunity? folks i think we are on to something great here that will make us money if we hold on
Posted by bond006 on :
MONTREAL -- Bio-Tracking Security Inc. (OTCBB: BTSI) announced today that due to the change in auditors, the company would be temporarily listed on the Pinksheets as of December 30, 2004 and until the new auditors can complete a new audit of the 2004 10K and most recent 10Q, which will resolve the company's filing delinquency.
The previous auditors have not yet received their approval by the Public Company Accounting Oversight Board (PCAOB), and such approval had to have been received by July 19, 2004 in order for the auditors to continue their mandate. It was therefore necessary to change auditors to comply with the Sarbanes-Oxley Act. It should also be noted that the company will continue to be a fully reporting company and will request its market makers to reinstate its NASD OTC-BB listing once all work as been completed and filed with the SEC. Management has been advised and expects that its stock will trade on the Pinksheets for a maximum of 9 months.
Posted by cbrf2 on :
wow, i hate to say this, but is that a bad thing? to move from the otc to pinksheets....?
Posted by kt325ci on :
quote:Originally posted by cbrf2: wow, i hate to say this, but is that a bad thing? to move from the otc to pinksheets....?
Keep in mind that this is old news and BTSI has been on the pink sheets for quite some time now.
Posted by rishid on :
What that news is saying, within 9 months from Dec 30, 2004 they will move from Pinksheets BACK to OTC
Posted by cbrf2 on :
oh, duh! sorry, it was a ong day and it was late. New day today, good luck to all!
Posted by bond006 on :
no it is saying that back in dec of o4 they already had a plan of staying on the pinks for a 9 month period and then moving to the otc bb this shell has been in the works for a long time even to the point of hiring personel
Posted by Durple on :
It's funny but they will complete the merger by that same date september 1st.
Posted by bond006 on :
that 9 month period comes together on 9/05 right in line with our time frame for the r/m see
Posted by bond006 on :
Found this on RB, it's a response by the CEO to someone's email inquiry (AMEX in 2006? I like the sound of that)...
By the way this is what the president told me over the weekend:
Dear Mr. ######,
Thank you for your comments and recommendations. We are currently working on bringing the company back to the OTCBB as a first step and we believe to be able to request listing on the AMEX by 2006.
The properties that we have acquired already have several wells and we will continue to produce with those and also create a joint venture to explore further the property.
We plan to announce the complete plan in the next several weeks.
Sincerely,
BIO-TRACKING SECURITIES
Per: Jean-Francois Amyot President
----- Original Message ----- From: Paul ##### To: jfamyot@finkelsteincapital.com Sent: Saturday, June 25, 2005 9:51 AM Subject: Recent Events
Dear Mr. Amyot,
Your recent news was extremely uplifting and rewarding to hear. I have been following and investing in your company for some time now.
Have you considered going back to the OTC from the Pink Sheets, or even the AMEX or Nasdaq. Many investors are skeptical and cautious investing in the Pink Sheets, and a new listing, I feel would bring in a whole new breed of investor.
Are you currently evaluating drill sites? Do you have a time frame to begin drilling? Any press release, on such matters would relief many investors minds.
Once again Good Job Guys...
Thanks,
originaly posted by total zen
Posted by madmoney on :
moving BACK to otcbb than to the amex, pumping oil NOW, = HUGE POTNTIAL, 100s of millions in PROVEN RESERVES, mutch smaller oil plays running over 5,10 and 15 cents, this will explode soon! Posted by bond006 on :
posted by 2create on rb to a friend about more dd he has done
By: 2create 01 Jul 2005, 11:47 AM EDT Msg. 85 of 85 Jump to msg. # Hey Randy!...Looks fine to me, this falls in to place with 'exactly' what I believe is transpiring here. The current 'name' of the stock, means nothing...Again, it is just a 'tool' being used to assist an IPO transaction through a RTO process. Refer to the FinkelsteinCapital website for a current list of impressive affiliate partners to be engaged in the post acquisition IR/PR initiatives. Also see the NORD OIL logo to be represented there....You will see some action here post RTO and share exchange IMO
Also, I verified last night with the local (in Russia) Director of Natural Resources of the Saratov Region Authorities...The current License number issued IS a valid license in the location specified of the Saratov region!
Posted by dodo on :
What is a LT and ST realistic high for this one?
Posted by bond006 on :
lt i don't really know when all the cards are on the table on proven reserves after an rs of 1 for 12 book value will be about 3.50 post split pre split a book value about .30 pps. i am lookig for a pps to be about .10 imo. some people figure much higher in about 2 weeks the pr of the business plan and the web site should be up we will know much more then. this does look like you would be getting in before the news hits imho. lol
Posted by bond006 on :
a lot of what is holding the pps back is obvious one the shell co its name has nothing to do with oil. the pr at this point has been low profile and that most likely is planned at this point imho . if you do the dd or follow what has been posted here you will see that up to this point it has been all if and buts. now everything is starting to fall into place and the plan is right on schdual it is about 90% there. there are a few pleasent surprises ahead like who is nord oil? mr bobovsky a well know oil man in russia said when he took the job the reason he did was he knows who this really is and in his hop it is a sure success. read his bio i posted it in his letter of acceptence. due your dd and make your own call i am in and buying more as i get cash i think the timing will be right on this one imho
Posted by $Keith$ on :
A lot of buys going through @.025 today!
Posted by firefighterswct on :
anyone have the l2's on this for the end of the day
Posted by corndo on :
I'm in!! Finally got filled on yesterday. I'm just bucking up for the ride. Good luck to all.
Posted by bond006 on :
good going corndo nothing is for sure in pinks but i think we will look back at .05 as a buy of a lifetime in 60 days imho
Posted by Thorn on :
bid 2x.023 2x.022 1x.021 6x.02
ask 2x.026 2x.029 1x.03 1x.031 2x.035
It might change before the bell.
Aren't stocks usually priced well above their book value when there is confidence in the company? I mean, a book value of "1" and higher is not very common, and finding a company that has no significant debt is also very rare...
Posted by stockvaper on :
ssssssssshhhhhhhh!! Don't tell anyone...I'm still accumulating...LOL
I agree....
Posted by $Keith$ on :
let's hope for some good PR's this week...GO BTSI!!!
Posted by rickpic on :
ask moved up to .029
.025x.029
Posted by imran_h on :
nice to see it going alittle
peopel are noticing, i got a huge chunk, i want more but i am going to buy some more after the R/S it may drop after that but i still think it is wayyyyy cheaper now then it will be after the R/S so i got alot now
comments?
Posted by $Keith$ on :
I wish we could get some of the volume and movement TNOG and WYSK are getting...this stock should have a higher PPS than both of those put together!!!!
TNOG Volume 12,131,873
WYSK .1100[ + ] Change 0.0450 % Change 69.23%
Posted by $Keith$ on :
SCHB on Bid and Ask
.023 x .028
Posted by $Keith$ on :
Only one sell for 2400 shares @.025($60)
Why would anybody sell 2400 shares??? Minus commision fee you got like $50 those 2400 shares will be worth $500 in a year from now!!!
Posted by firefighterswct on :
anyone have the updated l2's thanks
Posted by kt325ci on :
here is current l2 bid 3x.022 2x.021 5x.02
ask 1x.025 1x.028 2x.029
Posted by firefighterswct on :
ty
Posted by stockvaper on :
I'm waiting for this to bottom before I put in my next buy. I can't believe it's going down, but I don't mind paying less for it. Posted by Thorn on :
It's going down because it is being shorted, imo. This will go on for some time I think. I've tried to sell at .04, .03, and then .028 over the last several weeks--with plans to buy back when it dips to .02, but each time I'm just a little too optimistic.
Today's magic number was .026 (assuming you had placed the sell order two days ago, you might have gotten it to sell). At this rate, I'd guess .024 would be tomorrow's top, and it keeps narrowing down toward .02.
Posted by stockvaper on :
I noticed that too Thorn. That's why I'm waiting before I accumulate more. However, anybody that's shorting this stock has their head up their arse (IMO).
Posted by firefighterswct on :
what do you guys think the bottom could be on this stock
Posted by Pagan on :
quote:Originally posted by Thorn: It's going down because it is being shorted, imo. This will go on for some time I think. I've tried to sell at .04, .03, and then .028 over the last several weeks--with plans to buy back when it dips to .02, but each time I'm just a little too optimistic.
Today's magic number was .026 (assuming you had placed the sell order two days ago, you might have gotten it to sell). At this rate, I'd guess .024 would be tomorrow's top, and it keeps narrowing down toward .02.
You've been holding this for several weeks?
Posted by firefighterswct on :
anyone have the latest l2's
Posted by $Keith$ on :
Bid 1 x .018 2 x .017 5 x .016 Ask 1 x .021 4 x .022 1 x .025
Posted by Thorn on :
quote:Originally posted by Pagan: You've been holding this for several weeks?
...and will continue to.
If in your opinion this is not a stock to hold, then you probably should not even be trading it. Try doing some DD.
With a minimal investment, this one could give a very good return--that is, you don't have to risk a lot of cash to get a chance at a good return. You will have to hold it several months (at least) to get that chance, however.
Posted by $Keith$ on :
Holding Long Also....I will be going on a nice vacation next spring thanks to BTSI...
Posted by Pagan on :
Thorn... Maybe I wasn't clear. I own this stock as well. I was asking if you were holding this before the run up 10 days ago. I was curious as to why you had a position in this stock before the acquisition news. BTSI was just a shell before the recent news. Or was that just a typo on the "several weeks" statement.
No need to get defensive...I think this stock has a great future and is way undervalued as well.
Posted by TotalZen on :
Posted by 2create on RB:
Tree, (& others) when the 'acquisition' company takes control of this shell...we will be seeing some very happy days! IMO Nord Oil Int'l already has two out of five board memeber seats ready to take control post aquisition.
You know the 'several active' wells the 'acting' CEO was referring to in his email the other poster here?...Well, during my initial (and only in-person) communication with the 'acting' CEO myself, the 'several' was referring to 13 WELLS! And another 9 Upcoming thereafter...(undoubtedly the ones he is probably referring to as potential JV development projects to follow) What should make this deal even better is that we already have the licenses...So, along with that we have a better negotiating position to work out a more profitable end of the JV deal...Gota like that!...Hey? Posted by TotalZen on :
June Oil Output Hits New Record Reuters
Russian oil output rose 100,000 barrels per day in June versus May to reach a new post-Soviet high of 9.43 million bpd after eight months of stagnation, the Industry and Energy Ministry said on Monday.
Output has been stagnant at around 9.3 million bpd since September 2004, when it hit a previous high of 9.42 million bpd, and analysts have explained the slowdown as the result of higher taxes and the demise of Yukos.
A healthy boost in June came as a surprise, but analysts cautioned against extra optimism and the ability of the world's second-largest oil exporter to help feed the booming global demand in the third quarter of 2005.
Oil production has been the engine of Russia's economic growth, growing by over 50 percent since 1999, but the slowdown could jeopardize President Vladimir Putin's plans to double the size of the economy by next decade.
Oil production grew by 3.6 percent in the first half of 2005, year on year, to an average of 9.33 million bpd, versus 9.01 million bpd in January through June 2004. In the whole of 2004 output grew by 9 percent and by 11 percent in 2003.
Posted by rishid on :
Doesn't this sound all TOO good to be true? But I am in and in for the ride up hopefully.
Thanks for all the DD. (:
Posted by Thorn on :
quote:Originally posted by Pagan: Thorn... Maybe I wasn't clear. I own this stock as well. I was asking if you were holding this before the run up 10 days ago. I was curious as to why you had a position in this stock before the acquisition news. BTSI was just a shell before the recent news. Or was that just a typo on the "several weeks" statement.
No need to get defensive...I think this stock has a great future and is way undervalued as well.
Sorry.
No, that was kt325ci who first bought into it--just before the run! He got in at .005 if you can believe that. Very nice. The stock's PR came out around 10am (I think) but didn't do a thing until Noonish. I didn't see the post until it was running at around +460%, so I said congrats and wasn't going to look at it again (I hate to buy into a run, and that was an amazing run already by then). Well, I kept an eye on it anyway, and it went up to around +1040%, then fell back down to close to what it was when I first looked. Well, I had to buy when I saw it was bottoming, after actually reading the PR (around .02, but some for a higher pps as well).
I should have sold when it hit .04 the next day, but that was such a short run I didn't have a chance to sell before it had dropped back down again. If I had known it would drop to .02 and lower several times, I would have sold a long time ago and bought back in each time it went back down to that price. Now, the difference between top and bottom is so small (.02 to .024?) that I'm not sure it is worth trying to play that game. :/
Anyway, don't put too much into this--no more than you are willing to lose. You can never put too much doubt into your opinion when dealing with a pink. Did you think that the company is the only player? No, the market makers could ruin this stock or some company could tie them up in the courts. Posted by TotalZen on :
Oil Traders Increase Bets for $80 Crude on Supply Concerns
July 4 (Bloomberg) -- Record oil prices may increase to $80 a barrel this year, options contracts on the New York Mercantile Exchange show. Investors are speculating OPEC won't produce enough oil to compensate for any disruption to supplies.
New York Mercantile Exchange data show 6,900 options contracts outstanding that allow the buyer to purchase crude oil for December delivery at $80 a barrel, compared with an average of 77 in January. The probability that oil will top $75 a barrel when the December crude contract expires is 21 percent, according to Adam Sieminski and Michael Lewis, strategists at Deutsche Bank AG, up from 5 percent at the start of the year.
``The perception is that the risk of higher prices now is higher than at the beginning of this year,'' Deutsche Bank's Sieminski said in an interview. ``The market is so tightly balanced that issues like a nuclear confrontation with Iran could add a great deal of worry'' about supplies.
The Organization of Petroleum Exporting Countries, the producer of about 40 percent of the world's oil, is pumping almost as much crude as it can to increase inventories before an expected fourth-quarter peak in consumption. Crude oil reached a record $60.95 on June 27, deepening concern that the cost of energy would slow economic growth.
Growth Concern
Oil prices have surged 53 percent in the past year on concern that producers and refiners will strain to meet demand for products ranging from gasoline to diesel and heating oil.
U.S. Treasury Secretary John Snow on June 28 said high prices are hurting the world economy. German Chancellor Gerhard Schroeder on June 27 called for more transparency in global oil markets to stem speculation and lower prices from levels that are threatening to crimp expansion. The Organization for Economic Cooperation and Development in May cut its global growth estimate for this year and next, partly because of rising energy costs.
The Paris-based OECD now expects economic growth of 2.6 percent this year for its 30 member nations, down from its previous semi-annual forecast in November of 2.9 percent, the group said in May. In 2006, growth will reach 2.8 percent instead of 3.1 percent.
Oil companies are profiting from the price surge. Exxon Mobil Corp., BP Plc, Royal Dutch/Shell Group, Chevron Corp. and Total SA, the five largest publicly traded oil companies, reported combined net income of about $85 billion last year, when prices averaged more than $41 a barrel.
Shares of energy companies are rising. The Morgan Stanley Capital International World Energy Index, one of 10 industry groups making up the global equity benchmark, is leading gains with a 17 percent surge this year. The broader MSCI World measure has lost 1.8 percent in the period.
$100 `Disastrous'
Saudi Arabia's oil minister Ali al-Naimi on June 14 said his country, OPEC's largest exporter, can increase oil production by 1.5 million barrels a day from the 9.5 million a day the kingdom plans to pump in July, for a total of 11 million barrels a day.
One of his predecessors, Sheikh Ahmad Zaki Yamani, who was the Saudi oil minister when Arab countries declared an embargo on exports to the West in 1973, said that $100 a barrel oil ``isn't far-fetched.''
For that to happen, he said, ``it needs the help of a political event or a military adventure, like attacking Iraq. It would be disastrous,'' he said on June 28 at a conference near London.
A supply disruption of ``a couple of million'' barrels a day could send prices to $105, William Dudley, the chief U.S. economist at Goldman, Sachs & Co. in New York, said June 14. Global oil demand will rise to a record 86.4 million barrels a day in the fourth quarter, the Paris-based International Energy Agency forecasts.
Output Cut
``We've certainly seen people asking for prices on $100'' contracts, said Orrin Middleton, who markets options and other securities for Barclays Capital in London. ``This was way off people's radars 12 months ago. They now believe there's a possibility, but it's going to take a supply disruption to take us there.''
Oil shipments from Iraq, which in May pumped an average 1.78 million barrels a day, were cut by about 50 percent on two occasions last year following attacks on pipelines. When the U.S. invaded the country in March 2003, production plummeted from 2.48 million a day in February of that year to 140,000 a day in April, according to Bloomberg data.
`Forget $60'
The daily average volumes of crude oil options trading on Nymex in the five months through May was 55,036, more than the 46,237 that traded on average in 2004, data on the exchange's Web site shows. The record was a daily average 80,710 in 2002.
``What they're playing is the possibility of a supply interruption,'' said Garrett Smith, who managed Boone Pickens's BP Capital Energy Equity Fund until he left earlier this year to start his own hedge fund. ``If you look at the history of supply disruptions, while they're not predictable as to when they will occur, they are predictable in that they will occur.''
Oil may also stay high amid concern about Iran. Mahmoud Ahmadinejad, who was elected president of Iran June 24, said he plans to pursue a nuclear energy program to generate electricity. The U.S. says Iran wants to build weapons from that program and calls Iran a sponsor of terrorism. Iran has rejected the charges.
``A surprise in the oil market would be if the U.S. attacks Iran,'' Sheikh Zaki Yamani said at the conference of the Centre for Global Energy Studies, which he founded and chairs. ``Prices would shoot up, and then forget about $60'' a barrel, he said.
Iran, OPEC's second-biggest oil producer after Saudi Arabia, pumped about 3.9 million barrels of crude oil a day in May, according to Bloomberg estimates. Saudi Arabia's output was 9.5 million barrels a day in the period.
Russian Oil
Oil production from Russia, which pumps the most oil outside OPEC, had its smallest gain this year in May, according to the Energy Ministry, as investments slowed after the dismantlement of OAO Yukos Oil Co., once the biggest oil exporter. Slowing growth this year will lead to a decline in output in 2006, Paul Horsnell and Kevin Norrish, analysts at Barclays Capital, said last month.
Increasing volatility in the oil markets is boosting trading in options. On June 13, a total of 2,602 options to buy crude for December delivery at $80 a barrel traded on Nymex.
Two years ago, the options market attracted little interest in contracts that anticipated a surge in prices. In September 2003, when prices averaged about $28 a barrel, options to buy December crude at $50 traded on just two days.
To contact the reporter on this story: Alejandro Barbajosa in London at abarbajosa@bloomberg.net
Last Updated: July 3, 2005 19:08 EDT
Posted by firefighterswct on :
I was reading a couple of posts on other sites and they have said that this stock couuld drop back down to .01 or below again if no news comes out soon because the stock is losing interest they where also pointing out the last week of charts where its been a steady decline day after day anyone here have an opion of where this stock could bottom out , im looking for an opion on when i guesse i should get in if i decide to
Posted by Thorn on :
Considering that this stock was trading at .005 not very long ago, I can agree that it could drop; however, it has so far been holding the line at around .02. We already know that most of the news won't come until August.
Posted by bond006 on :
some numbers posted by 2create on r/b
Stock_esp,
In terms of an accumulation point pre-split, the most 'modest' or conservative method would be to use the (when-issued O/S share count) of 216 million (times 12) to get a representation of share structure pre-split (thus would equal for math purposes) 2.592 billion. That said the proven and probable reserves of 48 Mbls of Oil @ $30/Bl = $ 1,444,000,000. (Lets Minus 80% discount to PPS for time of extraction and other factors) Then = @ 288,000,000. (Divided by the 2.592 billion 'as If-Issued" pre-split shares) Then we would value basic accumulation at $.12/share pre-split. HOWEVER, that said, every 1 million shares now will be 83,333, post-split. That given and the fact that there is ONLY 340,000,000. O/S right now gives us EXTRA leverage because there are NOT 2.592 billion O/S! In fact there is About 7 Times LESS then that right now O/S. So IF lets just say you purchased ALL 340,000,000. O/S pre-split...Then you would own 28,333,333. of the post-split 36 million public float (of 216 million total) O/S after split. This would cost you $ 6,800,000. @ .02 right now. Follow me here...THIS is why the shares are SO CHEAP Right Now: Conversely, using the same values as above, now take your same value as above of $ 288,000,000. Now (divide that by the post-split O/S shares of 216 million) It = $ 1.34/share.....Now HOW Many do you have? 28,333,333. Right!?... (Times the equivalent post-split valuation) of $1.34/share...How much is it Worth? $ 37,966,666.! Remember it ONLY Cost you $ 6,800,000.! The above example CLEARLY demonstrates that we have Significant Leverage pre-split as compared to buying post-split shares! NOT to mention that once we are post-split, shares will be harder/less available then now because of the fact that 180 mil. of the 216 Mil. O/S will be RESTRICTED! Gota like that! ;] by 2create
I've never seen a spread so close. Which side is deeper for those with L2's?
Posted by $Keith$ on :
MM's are playing mad games right now...wonder if they know something...news hopefully...I have been watching the L2 a couple hours a day for a week and i have nt seen them move around this much, they are dropping the bid and ask, get ready for a shake...then maybe a run back to .025
Posted by $Keith$ on :
L2's look good for a run back to .025
Ask 1 x .02 2 x .024
Posted by stockvaper on :
I picked some more this morning while it was oversold. Posted by clbgroove on :
Barchart has it pretty much buy across the board!! That should help but Im not sure how reliable they are. Just thought I would share.GLTA
Posted by $Keith$ on :
Good Looking clbgroove...
Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy 20-Day Average Volume - 3431070
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy 50-Day Average Volume - 1600100
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 976419
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0210 0.0137 0.0217 0.0297
Posted by firefighterswct on :
anyone have the latest l2's
Posted by kt325ci on :
BID 4x.018 2x.017 2x.016
ASK 1x.02 2x.024 4x.025
Posted by $Keith$ on :
Nice movement....a lot of buys comming in right now could be a gearing for a run...
Bid 1 x .022 1 x .020
Ask
3 x .024 4 x .025
alot of MM's on the ask
Posted by legal1082 on :
yeah, lets hope so!
Posted by $Keith$ on :
False Alarm....MM's took it right back down!!!!
Bid .018 Ask .021
Posted by bond006 on :
i wonder what is going on i wish i had more cash i would buy more maybe in another day or two
Posted by $Keith$ on :
I wish I had some more cash too...I might take a 401k loan and pick up some more cheap shares!!!
Posted by bond006 on :
i read a post on r/b by 2create again he said the same thing once the plan is released this will blow like old faithful. he wants more cash to by more
Posted by stockvaper on :
I bought more yesterday with the last available funds I had. There's no reason this stock should not blow past .10 pre-split. I little publicity/volume would go a long way.
Posted by Thorn on :
Hmmm. I wouldn't recommend a 401K loan on a pink. There may appear to be no reason for this stock to not explode, but then if it is really that great, that will draw other less scrupulous people who will try to wreck it and take the money for themselves.
Posted by bond006 on :
i think this is going to be a game of wait and buy now i hope some good pr hits the wire glta
Posted by $Keith$ on :
I agree Bond...waiting patiently....
Posted by DIGDOUGH on :
I have an order at .019. the volume is dead in the water. 240,000
Posted by TotalZen on :
Posted by 2create on RB:
"Clarifications, details and more updates in PR coming by end of this week or beginning of next. CEO out of town until Monday. My guess is then a Monday am PR would seem reasonable."
Posted by bond006 on :
i like to create but if amoyt is not getting back until monday look for the earliest pr about tuesday
Posted by bond006 on :
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy 20-Day Average Volume - 3558678
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy 50-Day Average Volume - 1598975
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 1004097
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0210 0.0157 0.0207 0.0257
Click on the indicator for
Posted by TotalZen on :
Lots of buys going through today (no one's selling either)...
[ July 08, 2005, 12:18: Message edited by: TotalZen ]
Posted by madmoney on :
(originaly posted by madmoney 6/23)---how many pink sheets have EVER gotten ahold of 800 million dollars,these guys stepped in sh#t and they know it! wow! possible 2.5 billion plus!. 800million REAL money = real value, for a pink thats unheard of!. with the float they are worth .30 in REAL money, not ( potential or possible) like so many other stocks on this board. wow, can you tell i`m excited!--- and i still am, if you made a profit on "tnog" this is the place to put it! 1000+ times the value, half the price! ( at the high ) under the radar for the moment. going up! T/S show ALL buys so far today! moves fast on low volume, time for a run?
Posted by bond006 on :
madmoney wait until amoyt comes back on monday and if all went well the pr will start two stream within the next two weeks glta
Posted by bond006 on :
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy 20-Day Average Volume - 3558675
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy 50-Day Average Volume - 1598974
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 1004096
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0210 0.0157 0.0207 0.0257
Posted by imran_h on :
its running right now
finally breaking .024
Posted by madmoney on :
nice strong start today, up 26% on low volume, news comming soon?
Posted by Thorn on :
Looks pretty typical to me.
Posted by $Keith$ on :
I got out end of last week, looks like we will consolidate here for a bit, I am waiting for re-entry in this range in a week or two depending on news, trying to flip some other stocks so I can buy more of this one....GLTA
Posted by bond006 on :
has anybody heard anything i have been gone a few days
Posted by Thorn on :
Nothing new, bond.
Posted by bond006 on :
thanks thorn
Posted by Hawaii Eric on :
Isn't the current price range the value of the stock based on the proven reserves only?
I suspect the stock price will rise a bit once the reverse split takes place but not all the way to the price some have estimated using both proven and probable reserves.
Once some of the probables turn into proven the price will rise some more.
The bottom line is that you can't put probable reserves in the bank just yet.
Posted by Chadsly on :
quote:Originally posted by Hawaii Eric: Isn't the current price range the value of the stock based on the proven reserves only?
I suspect the stock price will rise a bit once the reverse split takes place but not all the way to the price some have estimated using both proven and probable reserves.
Once some of the probables turn into proven the price will rise some more.
The bottom line is that you can't put probable reserves in the bank just yet.
As far as I can tell, they actually even own the company yet. Someone correct me if I'm wrong.
Posted by bond006 on :
yes you are right chadsly bio traking systems is a shell co that will become nord oil once the reverse merger is complete the stock is trading at a discount right now as to the value of proven reserves that they are pumping out of as we speak. it is very discounted because if anything goes wrong the pps is almost or close to .00000 do your dd read the post and lol
Posted by bond006 on :
really a slow day i hope we get good pr soon i want to move to the next level
Posted by tupac on :
has anyone called them and asked about pr's or auditing?
Posted by Hawaii Eric on :
Does anyone have any idea of what costs are for oil companies? Does it run within a specific percent of revenues?
It seems quite wrong to price shares based only on revenues unless costs are truly negligible, which i doubt they are.
Posted by bond006 on :
no they haven't all i know is the oil co is debt free according to the pr's that why i figure about .10 pps pre split and not .30 like most imho
Posted by Hawaii Eric on :
I found a website where there's revenues and net income listed for independent oil companies. Based on the first quarter of 2004 the net income is 2% of revenues but for the first quarter of 2005 it's 10%.
Given this, i agree with bond006 for the 0.1 pps pre-split. Including only proven reserves at today's oil prices, it's about 0.035.
Posted by Thorn on :
Of course, that is assuming a PE of 1. Posted by Hawaii Eric on :
Thorn, actually it's not based on PE of 1.
I'm looking at a discounted stream of a percent of revenue. I'm not just looking at one year's earnings.
Posted by Thorn on :
Ok, here's an example:
POIG.OB Revenue per share: 0.093 Current stock price: 1.55
Posted by Hawaii Eric on :
That's fine, though i wish you didn't use a company with a negative EPS in your example.
However, that revenue per share is based on annual revenue. I'm not using annual revenue but am using all future revenue.
Posted by Thorn on :
Oh, I see. Posted by stockvaper on :
I think we can all agree this stock is considerably undervalued (assuming the PR was close to factual in representing the known and potential reserves, and the deal goes through). Posted by bond006 on :
hang in there peeps good news is a comeing
Posted by sonic0boom on :
bond, are you expecting something in particular or just hoping?
Posted by bond006 on :
just hoping all the pr suggest we should have had a pr by now trying to find out what is up call into amoyt
Posted by Thorn on :
I wouldn't expect much until August, imo.
Posted by rishid on :
Looks like we have some solid resistance around the .002 level. Might be the time to get some final buying in before hopefully we get some good news.
Posted by bond006 on :
rishid until we get some more information that looks loke the range
Posted by legal1082 on :
Are we expecting news in July or August?
Posted by Thorn on :
I think there's some info on this or other threads on allstocks as well.
Posted by clbgroove on :
Look out below!!!!!!!!!!!!
Oh CHIT
Posted by buckstalker on :
Ouch!!!
Posted by TotalZen on :
Oh this has got to be a calculated shake. Totally out of the blue like that? As if.
Huge buying opp right here.
Posted by Lawguns on :
What just happend? Trying to by more this is a great opp but anyone know why it dropped did not see any PR
Posted by clbgroove on :
noting here...checked filings..Pr's...THINKIN
Posted by stockvaper on :
Not a high volume sell off. Seems to be some manipulation going on. IMO.
Posted by Lawguns on :
I tried to by more but the order for 40,000 did not get filled at .014.
Posted by TotalZen on :
It's TOTAL manipulation. They walked it down on a bunch of 5000 share trades to grab some for next week.
Posted by Hawaii Eric on :
If you think it dropped for no reason then you should definitely buy more.
Personally, i think it dropped in price because some were expecting a news release this week and when it didn't come they decided to sell.
Of course it could be that they sold to pay for their more expensive gasoline. It's over $2.50/gallon here in Hawaii.
Posted by corndo on :
Ther's a song called "Somewhere Over the Rainbow" that reminds me of this stock. As long as I remember the reason I got into this stock in the first place was because of the potential AFTER Sept. 1st, then I don't mind the fact hat the pps falls or rises on no news. After the r/s Rainbow: we will all be smiling wishing we had picked up more on the dips.
"...where lemon-drops on chimney tops..."
Posted by Lawguns on :
Two things. It is very possible that by walking the price down they were trying to shake loose shares that people had put a stop sale on. Hoping that the drop in price would trigger a computer automated sale. If so I hope the boys in charge get theirs. Secondly and more importantly. I spoke with a person in the oil exploration field, he told me that drilling in Russia can really only be done during the winter because the tundra is to soft to move the large equipment around during the warm weather. They must wait until the ground freezes. That would meen that it wold be until late fall here before they even started to drill and see any potential profit. Since I am in at just above the .02 make I am in for the long haul it looks like.
Posted by TotalZen on :
The CEO mentioned that they'll start pumping in late September fwiw (and will start actively promoting the opportunity to investors in August after they put a company site up).
PS - Neither STOP nor STOP LIMIT orders can be placed with OTCBB or Pinks btw. It's either MARKET, LIMIT, or AON LIMIT.
The MM's imo are trying to take advantage of this quiet period to discourage investors and shake loose shares before more news hits and things start winding up.
Technically, it's ripe for a rally at any time. Stochs are bottomed out right now.
And all those restricted shares after the R/S will surely give this a nice boost once it's on the radar screen and more serious investors have at it.
PS - Wikipedia has a nice, balanced article on Peak Oil for those who haven't seen it yet.
I've been accumulating on the dips. The MM's have, inadvertently, been assisting me. Posted by Lawguns on :
Thanks TotalZen. I only ever put in Limit orders for pinks since they move so much. Did not know you could not put a stop on them. I still can't get my orders to fill though. The price mey be low but no major shares are moving.
Posted by stockvaper on :
Wow, 12000 shares traded in the first 2 hours today. LOL Posted by kim on :
hi i m from quebec,sorry for my poor english i m in btsi,i speak with amyot yesterday, the news is for next week the teem come back from russia a week ago he dont said to me the news is good or very good he said the news is very very good so good luck for everybody
kim
Posted by bond006 on :
thank you kim i would say that your english is just fine and certainly much better than my french or russian. if you have anything more to post please do we are hungry for news. kindest regards
Posted by kim on :
bond006 if you have any question you like to know about btsi tell me is more easy for me to give him a call than for you a other thing he said is the website comming in 2 week i m sure this stock is tnt
kim
Posted by stockvaper on :
Thanks for the news Kim. (Your English was well understood; no reason to apologize). Good luck to all.
Posted by TotalZen on :
Yes it's very appreciated kim, thankyou.
Posted by clbgroove on :
Man i wish this SOB would take off cause one of my other ones is getting ready and I'm gonna be really pissed if I miss the train!!
Damn oil is up and they seem to have lots of it.....LETS START PUMPING BOYS!!!!!!
Posted by bond006 on :
i feel the same way i will have to reverse my plans but this one looks to good not to wait it out
Posted by bond006 on :
kim saya web sight up in 2 weeks we now have kim a s a volunteer to be our go between for us and mr. amoyt so lets hear it for kim. now we can get the info we need to pump this baby so if you have any questions kim from montreal will do his best for us lets make some money go btsi
Posted by Lawguns on :
Kim, Thanks for acting as a go between. If you can ask and they will answer,
When will BTSI have their operations up and running?
What more is there to do? Are these wells that have been prospected and just need to drill or are we talking about finding and drilling new wells where the depths are unknown?
Is the material in place to do this or will they have to wait until winter to move it in?
What is the expected cost to set up drilling and pumping operations versus the avalible profit from the oil that is brought out ofd the ground.
What is the expected time table for the company to be showing a profot?
If you can get any of theses answered I think it would be a help tp all of us so we can decide how long we should expect to hold this stock prior to seeing a return.
Posted by kim on :
hi everybody lawguns i discuss fews time with amyot its always easy to speak with him what i understand is already there some installation they can produce oil fast .the installation was to lukos before but i m not sure the name mabey yukos anyway is the compagnie the russian gouvernement but in bankruptcy for fraud so everything is there to start,40% of the production gonna bee for china the reste for russia i gonna try to give him a call tomorow for the reste of your question
kim
Posted by TotalZen on :
Correct, the name is Yukos
So that all makes perfect sense, because they were Russia's largest oil producer until they were found guilty of defrauding on tax money owed and couldn't pay so went bankrupt, and the government liquidated their assets to the other big players.
So Nord got a hold of these up-and-running wells + property and will now operate them via this shell. They have to be beauties too because Yukos was a huge fish and wouldn't be messing around with rinkydink stuff.
Posted by TotalZen on :
Russia can guarantee oil and gas supplies to global economy - presidential aide
July 11, 2005 Posted: 14:53 Moscow time (10:53 GMT)
MOSCOW — Russia can guarantee that the global economy will have enough energy resources and will develop positively and predictably, a presidential aide said Sunday. Igor Shuvalov told a nationwide Russian TV channel: "Russia can play the most important role here as a predictable and democratic country.
We are part of the Group of Eight [industrialized nations] and can guarantee that global economy will not lack [energy resources]."
The aide said Russia was not completely satisfied with the current prices for energy resources as they created "inflationary problems." Shuvalov said prices should contribute to the global economy's positive development.
"Russia as a key player, along with other producing countries, will supply the global market with the necessary amount of raw materials on terms that will let the world economy develop positively and predictably," Shuvalov said.
The aide said Russia was ready to discuss how to reach a balance between resource producing and consuming nations.
When speaking about Russian presidency's of the G8 next year and energy security, which Russia has said will be a priority, Shuvalov said Moscow saw energy security as meaning a way to provide the world economy with resources to ensure its unhindered development.
"Prices for resources are a question of a balance of interests between the countries that consume energy resources and the countries that produce oil and gas," Shuvalov said.
Posted by TotalZen on :
G8: Oil is a key to stability By Igor Tomberg
July 08, 2005 Posted: 16:48 Moscow time (12:48 GMT)
MOSCOW — Even the terrorist attack in London has not distracted the G8 leaders from discussing the key problem of global economics. It is the stable provision of oil to global markets and ways to prevent the skyrocketing oil prices from threatening economic growth.
It became clear shortly before the summit that the energy problem would be the main issue on its agenda. In mid-June, U.S. President George W. Bush said that he would speak at the summit about cutting global demand for oil, in particular in Asia whose oil requirements are one of the reasons for the current high oil prices.
The American president said that only 35% of oil refined in the U.S. was produced in the country and the rest came from states most of which are not politically stable.
Russia will hold the pride of place at the energy discussions in Gleneagles Hotel in Perthshire, Scotland. Experts agree that the Kremlin's Western partners want it above all to ensure stable energy deliveries to the global market, primarily the U.S.
"The term 'energy safety,' which is becoming increasingly fashionable, actually means protecting the safety of the American market from oil import shortages," said Mikhail Khazin, the president of the Neocon consulting company. Hence the growing concern of Western partners over the construction of the oil pipeline to Murmansk, designed to deliver oil to the U.S. Europe, which also wants more of Russian energy resources, is advocating a quicker construction of the North European Gas Pipeline for deliveries to Germany and Britain.
The Western leaders, above all the U.S. administration, have mostly a negative attitude to the Far Eastern oil pipeline. The Americans do not want East Siberian oil to be delivered to China alone, as proved by the above statement by George Bush that oil consumption is growing mostly because of Asian countries, meaning China and India.
The Russian leaders knew that the energy problem would be discussed at the summit and prepared for it. President Vladimir Putin said at today's debates on sustainable economic development that Russia would do its best to ensure stable energy deliveries.
A source on the Russian delegation said Putin told his partners about Russia's energy projects. He said that Russia produced 470 million tons of oil a year and much of it was exported. He also said that Russia would develop the transport infrastructure to ensure energy deliveries to the partners.
The president spoke in detail about the oil pipeline in the Far East and the one from Siberia to the White Sea, which would facilitate oil deliveries to the U.S., as well as the transport route to Novorossiisk and the Baltic Transport System.
The constructive tone assumed by Russian delegates at the debates on the delicate oil problem seems to be the best way to withstand the excessive collective pressure of the other G8 members without surrendering positions. The West knows that these positions can be interpreted as the logical striving of the Eurasian power "to stand on two legs."
Russia's growing rapprochement with the great Asian powers, China and India, is gradually turning its lop-sided European and American orientation into an equidistance stand. The idea is not to create unions or blocs, as a demonstration of mutual attraction and interest would suffice for effect.
A recent example of such demonstration by the Asian Troika was the call of the Shanghai Cooperation Organization, where Russia and China play first fiddle, on the U.S. to decide when it would pull its military bases out of Central Asia.
Russian energy resources are the cementing element in Russia's relations with China and India, which are gradually getting access to them. The top officials of the country have also assured China and India that Russia would continue increasing energy deliveries to them.
Putin's statement made in Gleneagles today speaks of Moscow's confidence of its ability to have a stabilizing influence on the global oil markets, as well as a justified striving to play a bigger part in the global energy policy.
Igor Tomberg is a master of economics and a leading researcher at the Institute of World Economic and Political Studies, Russian Academy of Sciences
The opinions expressed in this article are those of the author and may not necessarily represent the opinions of the editorial board.
Posted by TotalZen on :
Russia to do everything possible to ensure stable energy supplies - Putin
July 08, 2005 Posted: 10:25 Moscow time (06:25 GMT)
GLENEAGLES — Russian President Vladimir Putin has assured his G8 partners that Russia will do everything possible to ensure stable energy supplies, a source said. A member of the Russian delegation to the summit of the world's most industrialized nations, the G8, said that stable supplies of energy resources had been raised during a discussion focusing on economic development. "The president said that Russia would do everything possible to ensure the stable development of the global economy," the official said.
According to the source, the president told the other leaders about specific energy supply projects. He said that Russia was currently producing 470 million metric tons of oil, a large portion of which was exported.
The source said the president had stressed Russia would make every effort to develop transport infrastructure to guarantee that the country's partners received energy resources.
Putin informed his colleagues in detail about a project to build an "eastern" pipeline to the Pacific Ocean from Siberia. He also told them about plans to construct an oil pipeline from Siberia to the White Sea, which will be used to supply the United States with oil, and the Baltic Pipeline System, which should supply Europe and the U.S. with oil.
The delegation member said that Putin had told the G8 that Russia planned to increase its supplies of natural gas to 40 billion cubic meters by 2010.
According to the source, the president also told the other national leaders about new liquefied gas technologies that made deliveries cheaper.
Posted by stockvaper on :
Keep up the good work Kim. Your communication with Mr. Amyot is very enlightening. Go BTSI.
Posted by stockvaper on :
This stock goes up pretty fast with just a little volume. Up over 17 % with 228K traded. Posted by tupac on :
no one is selling
Posted by Lawguns on :
Thanks Kim, eveything helps.
Posted by Lawguns on :
tu[sc, do you have the L2's on this?
Posted by stockvaper on :
The MM's walked down the last couple of trades just before close to shake the tree. Shares are getting scarce I guess.
Posted by TotalZen on :
I'm noticing a consistent pattern with these sharp EOD selloffs just before the close to drive the price down. It seems like they're trying very badly to scare people into selling.
Highly suspicious activity to put it mildly.
Just compare each day's VWAP to the close and you'll quickly see what I mean.
The time to buy this, from our perspective, is near the close. Some nice deals to be had for smart money.
Posted by clbgroove on :
Well if this helps...... i had an order in @.15 for the 7-9 min period it was there and they wouldnt fill me at the ask. Then of corse they jumped right over me like they did yesterday around the same time. Would love to know what is going on behind the scenes but then that would make me filthy rich and we wouldnt want that would we!!!!
Posted by stockvaper on :
I think between 3:45 or so and close it's just the MM's trading artificially low to each other to scare up some sales IMO.
Posted by Hawaii Eric on :
The end of day trades could be the market makers balancing out their holdings by trading with each other. One piece of evidence is that the last sells are not at the bid price as they tend not to screw each other for pennies.
Also, there isn't necessarily a shortage of shares held by the market makers. I'm not sure if this rule ever got changed but I was under the impression that pinksheet market makers could essentially sell shares they don't hold. That's right they can (or at least used to be able) sell short unlimitedly. Anyone know if this rule ever got changed?
Posted by TotalZen on :
clbgroove, were you using an AON order just out of curiosity?
Posted by TotalZen on :
quote:Originally posted by Hawaii Eric: The end of day trades could be the market makers balancing out their holdings by trading with each other. One piece of evidence is that the last sells are not at the bid price as they tend not to screw each other for pennies.
Also, there isn't necessarily a shortage of shares held by the market makers. I'm not sure if this rule ever got changed but I was under the impression that pinksheet market makers could essentially sell shares they don't hold. That's right they can (or at least used to be able) sell short unlimitedly. Anyone know if this rule ever got changed?
Yes I'm sure they're naked shorting, it's commonplace in pinks. They still have to cover eventually though or else they'll get wiped out if a stock starts taking off, which I suspect this one will do very soon.
I hope and pray that they've naked shorted this bigtime as of late.
And the trading below the bid is planned manipulation imo, ie. trying to scare people into selling so that they can fill their shorts.
This is why I never trade pinks regularly except for special situations like this. Soooo much BS with the bid/ask.
Posted by kim on :
hi everyone i speak with amyot today the production gonna start ,octobre or novembre they dont need to drill, everything is there they dont need to bring no machine, i ask if is because they wait for winter he said no they just need time to restart everything,for the cost versus profit is to early but they start to negotiate with future costumer like british petrolium if they have that kind of costumer i think the profit gonna be there, they are planing to buy other property with already production of oil.the end of august they gonna be in otcbb or amex ,they really want to be a real and big oil company i ask how you gonna find the financement he said with oil is easy to find that the news guys
kim
Posted by TotalZen on :
Fantastic! Thanks again.
Posted by clbgroove on :
quote:Originally posted by TotalZen: clbgroove, were you using an AON order just out of curiosity?
No it was normal and for 33k shares that didnt fill...
Posted by TotalZen on :
Hmm, interesting.
2create at RB claims to have scooped some @ 0.015 today (and is now holding a whopping million+ shares)
Posted by jakeo on :
looks like somebody on the shakerz board is making a call on yalls pick!
Problem is the name "shakerzz05", notice it has 2 z's- not the head honcho
Posted by stockvaper on :
Kim, thank you. You're truly awesome. Posted by stockvaper on :
If the MM's are doing what I think they are, (artificially driving the pps down near the close), I'm going to be waiting with a buy order on the ask and see if it goes through. If not, I'll raise it a little and see if that goes through. I'm guessing I won't be able to buy. Of course this assumes that we get no news on BTSI today to change the scenario of the last few days. Posted by DIGDOUGH on :
stockvaper Hi, there isn't much movement going on with this stock. People must be waiting to see whats going to happen to it or what?
Posted by DIGDOUGH on :
Kim, news is for thankyou. Sounds good Posted by stockvaper on :
Bigdough, I suspect you're right. Most shareholders seem to be dug in. I'm still waiting until about 3:50pm to see if the MM's will start selling low to each other to try to shake some shares loose. LOL. I'm cocked and ready. Posted by Lawguns on :
Thanks for the info Kim.
Posted by Lawguns on :
For those trying to buy. I got an order filled 2 days ago for 30,000 @ .015. I had to put the order in and wait 2 days for it to fill even though the MM's seemed to be trading below that. I would say put in your order and give it time to fill. If the MM's are playing with the price to keep it low we should have a few weeks or even a month to buy slowly before any PR drives the price up.
Posted by bond006 on :
thats all i am doing is slowly buying when i have the extra cash. web site should be up in a little less than 2 weeks with the business plan posted this should rock.
Posted by stockvaper on :
Was the last trade for 2000 shares @ .017? That's $ 34. What's up with that?
Posted by TotalZen on :
Could just be a partial fill on a larger order.
Posted by corndo on :
Anyone: how do you know the website will be up in two weeks?
Posted by TotalZen on :
"a other thing he said is the website comming in 2 week" - kim
This is what the CEO told kim when he spoke to him.
Posted by Lawguns on :
Seems to be getting stuck at the .02 mark.
Posted by TotalZen on :
Once it breaks through .02 it'll really start to move imo.
Posted by stockvaper on :
Part of an original post from Kim: i speak with amyot yesterday, the news is for next week the teem come back from russia a week ago he dont said to me the news is good or very good he said the news is very very good so good luck for everybody ____________________________________________ I accumulated more today. I didn't want to chance waiting until the news comes out next week. Posted by Lawguns on :
I have had a buy order in all day and it dies not seem to want to fill. I am thinking of raising it to .021 just to see what happens. There have to be shares out there.
Posted by TotalZen on :
I strongly suspect the cheap shares are getting really scarce now. I keep hearing on various messageboards how everyone has been having a really tough time accumulating under 0.02 lately, and had to move their orders up to get filled even though the bid was there at a lower price.
Which isn't all that surprising because it was a shake anyway and the mm's were trying to free up shares, not give them away easily. Seems like there was a lot of stalling going on in filling orders.
The plan backfired on 'em because buyers were there waiting the whole time.
That's why I am very optimistic about more heavy volume hitting this. Where are they going to get the shares to fill everyone unless they crank the price up?!?
Posted by bond006 on :
i got this off the raging bull board
: puhleeez 22 Jul 2005, 07:29 PM EDT Msg. 145 of 149 Jump to msg. # Here's what I heard from a trusted Montreal source who has been in contact very recently with Mr. Amyot, the CEO.
- A dynamite PR is coming next week with *very* good news (I know a bit more but am sworn to secrecy, sorry).
- The website will be up in less than 2 weeks from now (not late August).
- There is no drilling or equipment required to start production on those 2 properties, everything is already there and set to go. They just need a bit of time to ramp everything up again.
Supposedly, these properties were formerly owned by Yokos (Russia's former largest producer) but were liquidated by the government to another big player (ie. Nord) after Yukos defaulted on tax money owed in that fraud scandal.
- *Additional* properties which are already producing oil are being eyed out for purchase right now.
- They have no problem with financing whatsoever, apparently it's easily had for oil companies.
Second point, cheap shares under 0.02 have been getting extremely difficult for people to grab as of late. These sub-0.02 prices were a shake, there's no doubt about it. And the mm's were stalling on fills by all accounts because there were no sells at the quoted bid for many.
This strongly implies that any further heavy volume coming in from here on in will drive the price right up.
Third point, technically, the charts are primed for a rally right now. Stochs are moving up and volume is slowly increasing. When the news hits, it's going to bust loose imo.
GLTA
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Posted by bond006 on :
by 2create on rb he really knows this stock has done a ton of dd
BTSI Message list | Reply to msg. | Post new msg. « Older | Newer » By: 2create 22 Jul 2005, 02:38 PM EDT Msg. 141 of 149 Jump to msg. # Nice rebound support today, Should close higher on higher than 10 day avg. volume. Good sign...nice little low volume shake the past few days...Thank you all who 'gave' me your shares. Have any of you noticed the 'triangle' formation sustained as our 50 MA has crossed the 200 day MA?...Interesting chart...let the next run begin ;] If all is on schedule, we should be completed with the share exchange within a week or two as we emerge post-split as the real Nord Oil Int'l. Looking forward to the day when BTSI (doesn't) show up in my portfolio ;} Hmmmm, NORD? That would be nice... Then as per schedule we should all be privy to the new website (to be released by mid August) with project/lease info on the Oil and Gas field/license data and company info along with newly appointed directors...etc.
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Posted by corndo on :
I'm one of those people that they (MMs) almost sucessfully "shook" out of the BTSI/NORD tree. I bought in in the 40's and have watched my investment slowly evaporate. Everytime my grip starts to slip, I come back to this board and refresh myself as to why I got into this one in the first place.
Truthfully: it does sound almost too good to be true, but I haven't seen anyhting that screams:SCAM, so I'm holding on in there and hope that others will do the same if/when the pps starts to rise.
Posted by bond006 on :
corndo i don't think it is but you never know in pinks i am in at .03 and i am down 33% we are about a week or two of knowing one way or the other so i am going to stay the course. thats all i can tell you. ric pic is in this too i myself would like to hear what his point of view is or if he is still in it lol
Posted by bond006 on :
remember 2creat math at the begining of this month 7/05
: 2create 05 Jul 2005, 05:35 PM EDT Msg. 95 of 149 Jump to msg. # Stock_esp,
In terms of an accumulation point pre-split, the most 'modest' or conservative method would be to use the (when-issued O/S share count) of 216 million (times 12) to get a representation of share structure pre-split (thus would equal for math purposes) 2.592 billion. That said the proven and probable reserves of 48 Mbls of Oil @ $30/Bl = $ 1,444,000,000. (Lets Minus 80% discount to PPS for time of extraction and other factors) Then = @ 288,000,000. (Divided by the 2.592 billion 'as If-Issued" pre-split shares) Then we would value basic accumulation at $.12/share pre-split. HOWEVER, that said, every 1 million shares now will be 83,333, post-split. That given and the fact that there is ONLY 340,000,000. O/S right now gives us EXTRA leverage because there are NOT 2.592 billion O/S! In fact there is About 7 Times LESS then that right now O/S. So IF lets just say you purchased ALL 340,000,000. O/S pre-split...Then you would own 28,333,333. of the post-split 36 million public float (of 216 million total) O/S after split. This would cost you $ 6,800,000. @ .02 right now. Follow me here...THIS is why the shares are SO CHEAP Right Now: Conversely, using the same values as above, now take your same value as above of $ 288,000,000. Now (divide that by the post-split O/S shares of 216 million) It = $ 1.34/share.....Now HOW Many do you have? 28,333,333. Right!?... (Times the equivalent post-split valuation) of $1.34/share...How much is it Worth? $ 37,966,666.! Remember it ONLY Cost you $ 6,800,000.! The above example CLEARLY demonstrates that we have Significant Leverage pre-split as compared to buying post-split shares! NOT to mention that once we are post-split, shares will be harder/less available then now because of the fact that 180 mil. of the 216 Mil. O/S will be RESTRICTED! Gota like that! ;] by 2create
Posted by upupandaway on :
What is the general exit strategy for this stock?
Are you looking to get out if the price triples or are you holding longer?
Thanks!
Posted by corndo on :
I'm holding Long and Strong!!
I just wish we could could keep this board honest in the meantime. I mean, if you like this stock: cool. But don't make up imitation aliases to pump up confidence. ( I think we all know who I'm speaking of)
Anyways...GO NORD!! I'm going to try and get filled on these low shares if they let me in.
Posted by bond006 on :
me to i think this will be the last week for cheap shares depending in what kind of pr we get if we get none well it just might be every man for himself. there is a lot of talk on other boards. if i see something interesting i will post it. as far as i am concerned you can never have enough info go btsi
Posted by bond006 on :
my exit levle would depend on what the stock does pre split it might be smart to bail before the split or if things don't happen you might want to do some serious dd and think about an exit post split. being honest i am looking for about .10 per share pre split but again that can change with circumstances one way or the other. go noed
Posted by Lawguns on :
Bond What Split info do you have? Are you talking the Nord / BTSI joining deal or is there something else I missed I was away for a couple of days.
As for the long / Short hold. I have to admit I bought in at .025 and more at .015. I sold the .015 to cover my investment already twice and bought back in on the dips. So now if I can make the rest of my money back I will. I will sell half when I double and let the rest ride for free. If not I can always bail and just take the 20% I made so far.
Posted by clbgroove on :
a few trades and this one moves up.... I'm not sure whats up with it but it appears someone is short cause it only takes a small buy to move everything. Been quiet for a while so maybe the vol today is anticipation of news. Lets see
Posted by bond006 on :
lawguns the split i am talking about is when we become nord we will go through a 1 for 12 r/s
Posted by Lawguns on :
Got it bond thanks.
Posted by bond006 on :
we are doing better on the volume the last few days and we seem to be inching nord hahahhah
Posted by bond006 on :
good morning all hope we are close to being nord i hope we get some news this week go btsi
Posted by Thorn on :
Bond, you're a nord. (jk)
Posted by bond006 on :
that was funny thorn i must have laughed for 5 minutes
Posted by bond006 on :
you people are doing some great posts i hope this takes off and we make some money i would everybody here to be a winner in this one i think every day we get closer and closer remember kim he said some good pr is coming out this week glta see you tomarrow
Posted by bond006 on :
hey kim are you still here with us is there anything going on? and how are you
Posted by kim on :
hi everyone im waiting that news like all you guys bond im ok but impatient
Posted by rishid on :
I am kinda iffy on what kim said, but we'll see. Should be a 'monster' PR this week according to kim.
Anyways GLTA. And kim anything else going down?
Posted by bond006 on :
hello everybody just waiting like everbody eles i hope we hear somethig today i woud loke my weekend to be great
Posted by clbgroove on :
yeah bond they have been really quiet...a little too quiet for my liking and theres no volume today so its not coming today. Next week will be the telltale
Posted by kim on :
rishid i have to share the information amyot give me.what amyot said to me is what he said to you and to all of us. the president of btsi have to be responsable of what he said,not kim.the only way to see if the information is real is to post,and that is not only god for btsi is god for all.we have to work together.now i m worry is friday and no pr
Posted by clbgroove on :
the spread is getting tighter...wonder if something is brewing? Trying to get shares so they need to up the bid
Posted by bond006 on :
2 creat says he can't get a fill either he is on r/b he thinks some thing is going on. i whish all my cash was not tied up now would try to by more i have a feeling we are close to something
Posted by bond006 on :
by the way thank you kim your doing a great job
Posted by clbgroove on :
they just dropped the bid to .012 4:28 friday...looks like they dont want it going anywhere.
Hopefully thats a sign news is due
Posted by rishid on :
I understand kim, wasn't trying to insult/ridicule you at all, I appreciate all the information you have obtained.
Thanks
Posted by bond006 on :
good morning everybody maybe this will be our week we might hear something
Posted by stockvaper on :
I have faith in what Mr. Amyot told Kim. News should be close. A few days here or there doesn't matter. It's close. Posted by Hawaii Eric on :
There's actually a page there now....in blinding red. I like it.
Posted by dodo on :
anyone have the bid and ask?
Posted by madmoney on :
B / A - 018 x 021 - volume 81000.
Posted by dodo on :
thanks
Posted by clbgroove on :
they have been quiet for too long....lets see some progress!
Posted by rishid on :
I don't think we will hear any news in August at all. There will be a roller coaster ride between .014-.02. Should be a good time to pick up some cheap shares.
IMO
Posted by Lawguns on :
If you can pick them up at .014 snatch them cause I can't get my orders filled.
Posted by clbgroove on :
i havent seen it go to .014 for a week 1/2 or so...did i miss it?
I tried to call Amyot and got voicemail at 11:40am today. Anyone know what time zone they are??
Posted by tcgiGUY on :
Eastern Time zone
Posted by Lawguns on :
CLB the mm's dropped the ask to .012 on the close Monday but I got 0 shares and had a buy in all week the week before and it was right back up tuesday. I am thinking it was just the trading houses evening things out with themselves.
Kim any news from your part of the world?
Posted by bond006 on :
this is a post by 2create on r/b the man is always digging dd and never stops he is scary
By: 2create 02 Aug 2005, 07:27 PM EDT Msg. 174 of 175 Jump to msg. # And now the rest of the story...
Today I had the pleasure of speaking with the the president of one of the capital firms involved with 'this' RTO/IPO transaction. I am pleased to report that the 'numbers' a.k.a. the financial audit being conducted by top-tier RSM TOP Audit firm will be complete by the end of next week! ALSO, the company has 'additional assets and property' not previously disclosed over and above the previously disclosed assets in the current filings...How much value will this add?...Not sure yet...But given our 'current' discounted PPS valuation, we have a LOT of room to grow! It was my further understanding that this will be made public right after it's completion...regardless of exactly when, the additional info is a positive
any its all the news i could find
Posted by Lawguns on :
Sounds good bond. I hope that the PPS drops. I have a buy order in for .015 but I doubt that is will get that low.
Posted by QuestSolver on :
although my pick is definitely AMEP I think almost all oil and gas stocks are about to get some major attention!
Friday, August 5, 2005: NYMEX West Texas Intermediate for September delivery closed up $0.93 at $62.31 per barrel.
Friday, August 5, 2005: IPE North Sea Brent Blend for September delivery closed up $0.95 at $61.07 per barrel.
Friday, August 5, 2005: NYMEX Natural Gas Futures for September delivery closed up $0.229 at $8.700 per MMBTU.
This is incredible. I also heard this week that Toyota is building a plant in China.... Folks in 5 years China plans to have added 10,000 miles of paved roads to their infrastructure... By that time it is forcasted that China will have more roadways than the United States. The drain on the oil supply will be massive. This is why Goldman Sacs earlier in the year said they could see $105 oil. Folks we will see $80 oil before $40. We hit $80 You wont have any penny oil stocks with any potential at all under 50 cents.
If that wasn't enough the NOAA is calling for a 95% to 1
Posted by Lawguns on :
Oh I agree, for the next couple of years oil will be up. But keep in mind basic econimics. Although the demand for oil is high as the price continues to rise it will drop. It wont happen all at once because people are not going to run out a buy a new car just cause oil went up a buck a gallon. But be sure next time I buy a car I will get one that burns less gas then the Ford expidition I have. Also the money will be there for more research on alternate fuels. I would say that any company that is doing research for alternate fuel cells would be a good laon term pick if you can find one that has the financing to keep alive to see it through.
Posted by DIGDOUGH on :
It appears that so few shares are being traded that it is not possible to get these shares at this time. Maybe if I bid high, but I have not tried.
Posted by bond006 on :
I DON'T THINK TO MANY PEOPLE ARE SELLING AND THE MM"S CANTNOT NSS THIS AT THE THIS TIME
Posted by Thorn on :
Try a bid at above the ask .
Posted by bond006 on :
hard to buy we are getting close hope we get a pr soon i guess kim not hear i would like to get his input
Posted by Hawaii Eric on :
No nord website until October 1. I don't want to wait until then. Of course I don't want to sell my shares either.
What if i sold some then bought back before October. Anyone think this stock will go anywhere before October?
Posted by Thorn on :
I know it would if I tried that.
Posted by rishid on :
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