posted
surprised its still riding at .0097... what a run! on no news? somethings up b/c this stock was ignored forever. buying pressure still looks strong even after this run.. people believe in this company, and it looks like they are holding. If we get a multi-bagger out of this I'll be at that next inv. picnic giving adam a high five, beers on me! Once this goes over .01.. theres no looking back. big time resistance at .0099 though
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right now i dont know where you see that but ask is only .0092...i do see resistance to over .01 but that's because of the day traders bailing, just wait until tomorrow..
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wow! 83 mill vol. thats 10x more than recent days , yea something is getting ready to happen, if it's due to pending pr with numbers this will fly!
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iwish, where are you at? maybe your're away from the computer today... you are gonna be in for a nice surprise when you see this..... we do 100 mil
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a lot of people will know about omog when all the stock alerts go out. Hopefully investors will just sit and drive up buying pressure again tomorrow. OMOG needs to tear down the .01 wall.
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If an investor has done their DD and has been watching this, you'd have to be crazy to sell now. This is what we've been waiting for. This stock held .011 to .014 on no news or prospect of news for any time. A major stockholder sold out which is why it dropped to 0.042 (where I bought in). There is no telling what the actual value of this stock will be once the new assets are added to the company not to mention if the Panola sale goes through there is supposed to be a dividend to stockholders on that.
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Should have been a buy signal today that will post tomorrow on American Bulls. That will trigger more buying and price going up. I do expect a retrace on Friday. If you are waiting to get in now, watch around lunchtime on Friday. That will be the best price you are likely to get on this stock any time soon.
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yep, im kickin my heals in enjoyment. I got in around .0045 . I'll hold, but keep my eye on the rsi. If OMOG can get some big investors, we'll see a run like no other.. with incredible news RSI is thrown out the window and the stock sets itself up for the run of a lifetime. Anyone short on this will get squashed..
a pr would be good right now.. cmon adam you know how to play the penny game, give us some news? why the huge run... gotta be insiders.
posted
I'm so happy, I gave all you guys 5 stars for just being here with me. I received low stars for disagreeing with a pump and dumper. Look at me now!!
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kay, whats your guess.. OMOG just sat around for months at like 6 mill in volume. then we start to see 10 mill a day.. then this? almost 100 mill could be a combo of expected news, going into the summer, and oil comps are going crazy. just strange we got hit with this run... OMOG hasnt even come close to a run like this since Ive owned it. Its all good though, just thinking if there was any news out there it would be nice to hear. that would help put the dagger in the heart of the sub-penny world. OMOG does not deserve to be subpenny. Looks like things may be turning around finally
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Well, I am ultra conservative but when other stocks have run like this, there was news that closely followed it (both up and down).
I had bought TNOG when it was low and then sold at about .05. I bought back in again once it started dropping thinking it would go right back up. A day or so before the last bad news came out, it started dropping straight down and now I am holding red, red, red. The news wasn't even that bad but we are a fickle bunch I guess. TNOG is still the same company it was at .05 but ...you see what I mean.
I think that surely there is some news leaking out as to the settlement and it must be good. I think for the last few months investors have shied away because of the one well that didn't pan out. That's nothing new or necessarily all that bad but the fickle winds of pinks just blow that way.
If you are going to play pinks which are obviously risky, I can't think of a safer bet than OMOG right now.
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quote:Originally posted by MsKay: I'm so happy, I gave all you guys 5 stars for just being here with me. I received low stars for disagreeing with a pump and dumper. Look at me now!!
Cool thanks.. dont worry about stars, they dont mean anything here. I go by peoples track records. im in a good mood too, put a lot into this. Hopefully we dont dip to hard. May not dip at all, I was thinking that if anything we would get a dip at .0097 around 3pm... but it just popped right back when it dipped to .0093. That was nice to see. Investors hanging tough when the mm's play tug-of-war. hopefully most of the buying was from some big investors that knew something, and not day traders
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I read on another post about a large investor dumping stock a few months ago after the well didn't pan out. I don't know if that was true or not and I don't know how to verify it. If it is true, it would explain why there were so many cheap shares out there all of a sudden.
I can tell you that I don't have nearly as many shares as I wish I did. I'm just too conservative. I may buy some more on Friday if it dips.
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Pretty good day should be the tip of the iceburg. We have so many possibilities with this stock. All these oil wells coming back some pumping some not, they can sell some, have joint ventures, develope all them or get bought out its all omog decision+ cash. Investors should be sitting sweet on this ride. It appears investors are comparing what OMOG has and what they will have and compared it to other penny oil stocks and realizing how cheap this stock is.
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the kid (adam) bought out a oil company buying out there stock in a hostile takeover.. now he's suing the people he took over and it looks like he's it taking them to the cleaner.. hah who is this guy? im impressed. Whats he gonna do next, this guys not playing around. This is all in his early thirties? I wanna buy out a company like that. Im gonna start lookin for a low float out there.. DANG.... Rock on
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It looked good, we use to have to dig this post out of the archives i guess we won't have to do that anymore. A lot of action today you would think it would slow a little but you don't know, someone might know a lot more than we do. If news comes out it will probably be hard to catch.
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There has to be news that hasn't been made public yet. Penny stocks just don't jump 50% for no reason. It will be interesting to see what the rest of the week holds.
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I wish i was, i would love to see the look on those guys faces(the ones that took the assets) when he had them in mediation and they realized what they might lose and i am not talking about the money part, this is just a guess but thats why they did not want any part of a court battle.
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I wish i was, i would love to see the look on those guys faces(the ones that took the assets) when he had them in mediation and they realized what they might lose and i am not talking about the money part, this is just a guess but thats why they did not want any part of a court battle.
Yep, "those guys" probably have a dartboard with adams picture on it. They probably want adam out of their life at this point. Thats what im guessing, ready to just pay up. If OMOG pulls this off and wins this, adam made "those guys" pay hard. Yep those guys faces would of made for a nice "kodak moment" when the lawyer advised them to settle. Probably started to cry hehehe
posted
Here's more DD from another board from last year if anyone is interested.
By: tchauncy 17 Oct 2004, 12:28 PM EDT Msg. 176137 of 227793 (This msg. is a reply to 176115 by hamvestor.) Jump to msg. # ham - Can you think of any other reason than short selling, that the stock has stayed in such a tight range over the past three months, while the volume has been more than double to total number of shares outstanding. And during this time the price of oil has risen 18 a barrel and gas 2 a mcf? I bought my second million shares of this stock on May 5 and paid .008. A higher price than what it could have been bought on the opening Friday morning.
And more shares being issued is not valid. I continuously check with the TA. No new shares have or are being issued. I made a post here several months ago right after I had my first conversation with Adam Barnett about a deal I made with him. Here is the deal.
I told Barnett that since he has publicly stated after he wrested control of the company from Lanza that he was not going to issue new shares at anything resembling these prices, And in fact was going to try to reduce shares. At that time he had recently retired over 200 million shares to the treasury, bringing the total outstanding from slightly over a billion to under 800 million. Since that first discussion he did reduce the capitalization another 10 million shares. If he stuck with this, I would make him a deal he shouldn’t refuse.
As long as he didn't issue any new shares, I would do two things for him and the company and would not ask or accept any cash, stock, warrants, options, converts or any other type of compensation from the company. I would personally in the open market buy a major position in the stock along with a couple of dozen of my strongest friends and I would contribute my 30 years of Oil and Gas experience along with Oil and Gas contacts that would make this company a significant industry player over the next couple of years. He came to Houston, visited with me and some of my investors and contacts and agreed to my deal. He has kept up his end of the deal, and I have kept up mine.
I must admit, I never dreamed that we would have been able to buy as many shares as we have, particularly with the price of oil and gas rising so much. But we have and we could not be happier for it. We didn't know at that time that such a large short would appear to make it possible, but it has. Now in hindsight, I can understand why.
As I posted a couple of weeks ago. Since this is a pinky, it has something available that no registered stock has. It has the ability of issuing up to one million dollars of immediately free trade stock every twelve months at any price under Rule 504. For a dozen years under Lanza, he took advantage of this each year, usually in August, it appears that this is what he did.
He would pay some tout to pump the stock for example to .003 and at which time a group of his hedge fund or MM friends would start shorting the hell out of the stock. Lets say a billion shares over the ensuing year. Then when the twelve months were up, these hedgies/MM's would come to Lanza with a million dollar check in hand and Lanza would issue them a billion shares at .001. They would take these share, cover their short with it and walk away with a slick two million dollar profit. Lanza would take the cash and put a little in the company, but take most of it for "compensation". Then it would start all over again for the next twelve months. The hedgies and MM's loved this deal and so did Lanza. That is why Lanza rarely held any significant amount of shares historically in the company.
But something happened right after last years August 504. Barnett took over control of the company by buying a controlling interest in the market and threw Lanza out in September. This unfriendly change of control was never really publicly announced as such, but was discussed on this board at that time. So the hedgies and MM's must have just assumed that Barnett was just one of Lanza's people so they just starting building their "annual" short in the stock. Fully expecting to be able to come back this August and do their annual 504 with the company and cover their short. This was confirmed to me when Barnett told me, as I posted here at that time, that his phone was "ringing off the hook" beginning late this past August by people who wanted to do a million 504. While at my suggestion he did not outright reject their offer, he has just cordially just "put them off". So, human nature being what it is, they just kept shorting more, assuming that he was going to "let them out of the trap". After all, who ever heard of a pinky turning down a million dollars? (Now you know why playing in the "pinks" can be hazardous to your financial well-being if you don't know what you are doing. :-)
Why would they continue to short more? Because the buying was still strong and steady as the price of oil and gas increased. If they didn't short more, the stock price would start increasing and if enough momentum were allowed to build up, it could "get away" on the upside and the number of shares they would get from the 504 would be less as the price increases. So they got hooked into a "catch 22". Now they are probably beginning to think they may have a serious problem. If this buying continues and Barnett doesn't do the 504 at one hell of a discount to market soon, they could start getting "bought in" big time. And since they probably know that 90% of all the sales that are being made right now are being made by them, I suspect that they are not sleeping very well lately.
Well, if any of them are reading this board. Here is a rude awakening. Barnett has no intention of doing any 504 at any prices less than several multiples of this price. Why it is such a serious problem for them, the higher the stock goes the less shares would be issued should Barnett decide at some level to do it. (And BTW, at the right price, I would recommend he actually do one) Remember, it is the dollar amount that is limited (one million max). Not the share amount. At a penny, it would be 100 million shares. At a nickel it would be 20 million shares, at a dime only 10 million shares. So you can see why Barnett is not in any hurry. But obviously the short by now is in the several hundreds of millions of shares and getting larger each day. IMO, with the size of the short that I believe is in place, there really is only one way out and that is to buy their way out in the open market. The million dollars worth that they could get from a 504 is just a pittance unless they can get the stock to tank very big. That isn't going to happen. Since this is an unregistered pinky, there is no conventional registration available even if the company wanted to do one that would allow issuance of over a million dollars worth of free trade stock.
In all my 31 years investing, including the ten years I was a MM, I can't remember seeing anything like what is happening here. I have seen dozens of short squeezes that made stocks move ten fold or more, but usually they only have a legitimate 23-30% short. I can't comprehend that the one here is any less than double and could be triple that percentage and all happened without the stock hardly moving from its current small $6 million market cap.
Since you were involved in HLSH, let me say that this really could easily end up being a second Perfect Storm.
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