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Wineco Productions Inc. Announces Quarterly Shareholder Update
SUNRISE, Fla., Aug 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- Wineco Productions Inc. (OTC: WNCP) has received numerous enquires from its shareholders regarding the progress of the company. The following have been achieved during this period.
* Wineco completed a 14 to 1 forward split which will create more liquidity and increase shareholder value. * Wineco filed Forms 9 and 15c-211 with the NASD * Gold nuggets at the Winnemucca mine reported that the accrued stream wash exceeded expectation approximately 25%. * The average nugget exceeded 1/2 oz per piece. Collection from 5-55 gallon drums of mine tailings exceeded 2 1/2 lbs of placer gold at 68% purity. The micron samples from the tailing accrual are averaging approximately 3 oz's gold per ton, and 2.5 oz platinum per ton. Management believes full production should increase overall production by at least 4 times the present test runs. * Wineco anticipates beginning its platinum and gold production operations at a second Nevada mine by the end of the year. Tests results indicated less than 2 oz of gold per ton and 5 oz of platinum per ton. * Wineco will finalize its first oil production contract in late August. The Arco test well on the adjacent property resulted in 140 barrels of oil per day and 1,400,000 cu. ft. of gas per day. * The company cancelled its dealings with ERC computer salvage firm. Winco has recalled the stock issued to ERC. ERC fail to meet production requirements that were stipulated in our agreement. * Wineco is in the process of building a large scale test lab and is seeking joint venture agreements with both precious metals mining operations and will re-open up to 50 old oil wells as quickly as wells are acquired. * Wineco has entered into a consulting agreement with Mr. Paul Jones. Paul will also supervise, oversee and direct all Wineco mining operations. He has approximately 20 years experience in mining reclamation and chemical processing.
Posts: 8 | From: PA | Registered: Oct 2005
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nice PR, looking forward to the oil contract at the end of the month. lots of buying today. couldnt believe people sold at .0001 in the start of the day and someone bought 500k at .008, such eradic trading but looks like we leveled out at the .001 area with some decent buying pressure. this one will be on radar soon.
Posts: 56 | Registered: Oct 2005
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quote:Originally posted by n3xkk: nice PR, looking forward to the oil contract at the end of the month. lots of buying today. couldnt believe people sold at .0001 in the start of the day and someone bought 500k at .008, such eradic trading but looks like we leveled out at the .001 area with some decent buying pressure. this one will be on radar soon.
companies screw this up alla time, then some traders get confused...
simple: today was the ex-date, so today was first day of trading "without dividend," namely the f/s shares. Anyone who bought as late as yesterday is due the split shares...
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today we ended trading at .0011 x .0012 which is the equivelent of .0165 x .018 before the split. With some good news and we ran back to say .03 or .04 that would be .002 or .0026, which considering the share structure is still a low price if we got some good buying pressure. cant see why we cant see .004
Posts: 56 | Registered: Oct 2005
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consolidated at .0007 x .0008, been here for a few days, charts say oversold, some big buys today for 3-4 thousand dollars. Oil contract expected by the end of august. I think post share structure is around 1.3 billion. should easily run to half a penny or higher with good news.
Posts: 56 | Registered: Oct 2005
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