posted
I guess all you can say is that it's been a buyers market. Picked up another 200,000 today. May pick up another 200,000 tomorrow but I am currently at 500,000 already. I can't see it going below .008 which is where it was before the last PR. I am wondering if most of the big players are out because there is no cash involved in the divy which may help it to hold it's price after the divy. I'm still planning on playing some after the next PR. I am trying to speculate the jump after the next PR - I am thinking it probably won't go as high as it did on the first PR. I have been in a couple of scam stocks and I definitely do not see this as a scam stock. There is a huge question as to the potential gains if any in this. In a way I do like the fact that the company isn't sending out large numbers of PR's. I have found that many scam stocks send out ton's of PR's to try to appease everyone - been there/done that. I thought for sure the PR would have come out by now - the ex-date is fast approaching and they would at the latest need to get the PR out before the second week of April. Meanwhile I will keep loading up while it drops.
posted
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful". Warren Buffett - Greed - Fear - Investing
Good luck to the ones that left. We'll be here, whatever it takes.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
At first I thought the "dividend" was really an exchange of shares. Now I think this is indeed a dividend and TWOG will continue to trade as a shell. So we will get IGLY and keep our TWOG shares.
Posts: 167 | Registered: Dec 2005
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posted
Well it is sad that there has been no clarification on this dividend/ merger. It just as well may be a reverse split. If TWOG's assets are going to IGLY, then why would TWOG shares be worth anything after the buyout? Doesnt make too muck sense to me here.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
Shell company shares trade on the OTCBB all the time. Then a company buys the shell creating a reverse merger and new name. This is a way for the current CEO to cash in a second time and for the investors to profit with a new industry/company. Sometimes when this happens there is a r/s.
If this were a normal merger ILGY would handle the exchange of shares itself. But as a dividend TWOG disperses the ILGY shares to its shareholders that it received for its assets. After that TWOG is a shell with no no assets except its name,shareholders and SEC filings. TWOG as a shell could be worth $200,000 to its CEO.
Posts: 167 | Registered: Dec 2005
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posted
Dmort, thanks it is beginning to make a little more sense now. So basically this transaction of the ILDY divy, and the drop of TWOG pps should just equalize each other out.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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bit of a newbie here. been reading for a while and finally registered. ive got a few hundred thousand shares of twog. have had since before the 25th of march. Am i able to sell them now and still get the dividend (shares of ildy) or do i have to hold until the actual dividend transaction date? It seems their pr is a big vague... Do i keep my twog shares and get additional idly shares or are they all just converted to ily? anybody know for sure?
Posts: 53 | From: japan | Registered: Mar 2006
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posted
haha,, what i do know is that its ILGY not ildy or ily,,,, and u needed to own the shares before the 25,, and yes u gotta hold them till they get converted,,,,,,
-------------------- Sometimes its easier to beg for forgiveness than ask for permission. Posts: 234 | From: pa USA | Registered: Nov 2004
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posted
DMORT u wrote At first I thought the "dividend" was really an exchange of shares. Now I think this is indeed a dividend and TWOG will continue to trade as a shell. So we will get IGLY and keep our TWOG shares.
cause ilgy is buying out twog for all its assests,, so yeah twog would be a shell,,, and it says we get ilgy shares,,, so just wondering,, cause someone stated that the float would increase,,, would it really increase the amount of shares it has from acquiring twog,,,and they are giving shares to us, is it shares they already had or yeah just making new shares,,,
wow,, alot of questions and wondering tonite from me,,,, my summer depends on the outcome of all of this,,, im hoping some of the vets from the board can shed some light on all of this,, i know a PR would help us right about now,,,,
[ March 31, 2006, 03:15: Message edited by: Bob Frey ]
-------------------- Sometimes its easier to beg for forgiveness than ask for permission. Posts: 234 | From: pa USA | Registered: Nov 2004
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posted
The dividend will be 1 day after the pay date.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
I have spent many hours searching the filings for company's that have screwed up their divy dates. Ever since GVRP - I have found some and played a couple of them. It's amazing that some company's don't even know exactly what dates to put down when they file. No matter how a company has screwed up on their filing dates the only date that is important is the ex-date. That's the only date you have to look at. I have found some good articles on divy's. No filing for this yet - am starting to wonder if there will be a delay in the merger/divy.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by JHenry: I have spent many hours searching the filings for company's that have screwed up their divy dates. Ever since GVRP - I have found some and played a couple of them. It's amazing that some company's don't even know exactly what dates to put down when they file. No matter how a company has screwed up on their filing dates the only date that is important is the ex-date. That's the only date you have to look at. I have found some good articles on divy's. No filing for this yet - am starting to wonder if there will be a delay in the merger/divy.
the above is correct
ex-div date will be sometime in april. this is what ilgy has always said.
remember, the company sets the record and pay dates but nrither of those matter to us
NASDAQ sets the ex-div date, which is the only date that matters.
this is why, when cos publish a div, they dont give the ex-div date, bcs. they dont know it yet. nasdaq will set it. it cannot be rushed.
twog: 90/110 right now
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
This is a good one on dividends hensley1971 - I have even seen some articles that get it wrong - this girl has it right:
From the article: "The easiest way to think of it is this: If you sell before the ex-date, the buyer gets the dividend; if you sell on or after the ex-date, you get the dividend, but you sell at a lower price."
posted
Although she is somewhat wrong on the Pay Date: "The payable date is easy to understand. That's the day the checks, or additional shares, go in the mail or are electronically transmitted to your brokerage account." - not always true. I have seen pay dates listed up to a week before the Ex-Date - in which case, as with any case, the Pay Date means nothing.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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Now there's some screwed up dates - just have to remember the only one you need to look at is the Ex-Date. The Record Date on this one is three weeks after the Pay Date and the Pay Date is 2 days before the Ex-Date. The divy showed up 2 days after the Ex-Date, right where it was suppose to, which was actually 5 days after the Pay Date.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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Is this still a good buy before the ex-date to get more of a dividend?
All Im concerned with is increasing the amount of the divy. We're after the the holder of record date, andI have 15850 in TWOG. Can I add more now at these low prices and increase my div?
Or, what will happen to extra shares purchased now after the pay date.
posted
If it is a reverse merger there really isnt a date in which you must own by, because all the shares will become ILGY 1 for 10.
If it is a Divy that is being paid and TWOG is left trading then all that happens is TWOG continues to trade and you get paid a dividen in the form of 1 share of ILGY for every 10 shares you own of TWOG.
If you like TWOG at this price buy away as it will not effect your DIVY, at all in either instance.
Posts: 2063 | From: Europe | Registered: Feb 2006
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------------------------------------------------- TRANSWORLD OIL & GAS LTD Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 03.07.2006 (24) days ago, when the stock price was 0.0078. Since then TWOG has gained 47.44% .
BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 0.0110 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market seems ready for a new bullish move.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have a chance to profit from the later phase of the bullish attack. Your important benchmark today was the previous close. Today you were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
It has not taken very much to move this stock. With the recommendation to cover short positions and the buy recommendation do you think this will go up in the am?
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
i bought in at an average of .02 unfortunatly! but im holding out hope for the big bucks
Posts: 116 | From: florida | Registered: Sep 2005
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The same thing happened in October (joint venture) and in December (first purchase news). Lack of news and went down.
News with purchase operation details are already late. I hope ILGY impoves on communication and investor relations, these are very important in the plans they say they have.
Worst price I've seen for ILGY in months is .6, actual .7. TWOGx10 will become ILGY's price in one to two weeks.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
ill be happy with that. hell if i double my money ill be happy. i dont have a lot of money to trade but most is invested in this stock and i want to get into a lot of others... but hopefully the wait will pay off
Posts: 116 | From: florida | Registered: Sep 2005
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posted
I only have 27k shares at the moment, so I'm holding out. I figure if it pays out, I'll have a nice little chunk to play with other investments. If it doesn't pan out and I break even or lose it *shrug* lesson learned.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
I just got my shares from FGFC so I will have almost 2K dollars to play with and I currently have 10,500 in TWOG current avg. is .0205 but will try and avg down. Want to get my 2K and sit back and relax only put 450 in for 159 shares they did a 10-1 forward split in at 2.77 now avg is .277 and I got 1,590 shares sometimes these splits do work out.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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