Kolibri Global Energy Inc BNKPF

Take down

[BrokerG]

Classic take down of a thinly traded stock. How does an institution sell withour caving in the market? Duh. It sells slowly over a period of time. That is exactly what is happening now with Anon. They are the broker for some large institiution. We have lost numerous institution shareholders this past year. Of course they could be selling for other reasons but it seems likely they know something we do not. As usual, that is the case with small caps. As I mentioned before they have been delaying the wells results from  Brock and Anderson for months. Why? What is taking so long. If the results were spectacular why are we seeing the selling right before the results? I know himmler is not a big fan of opinions but they are hurting financially. They need this well to be successful in order to secure future bank financing. The cash flows they are currently generating are not adequate for future well explorations. I think the market and of course the institutions know this and are selling. They may  be able to secure some financing later this year [ if Oil prices climb] but for an institutional buyer,  maybe and the future,  do not go hand in hand. We need answers NOW.

[wittmann]

Hi Broker.I hope there's no update after hrs today.Thats a sure sign of disaster.As for other posters opinions it looks like Himmer has enough of his own lately.We all do because of what's been going on.zA quick check of past history's of our previous posters,some haven't posted on any sites for months.So it really appears as though it's just us 3 left here.And of course the

[BrokerG]

I think your absolutely right wittmann. Institutions are not interested. BNK needs something to get people interested in the prospects. I still feel they are undervalued based on N1 reserves but markets can stay irrational longer than I can stay solvent. The delay in news is not helping either. Hopefully we hear something by the end of the month.

[himmler]

I emailed BKX relations and recieved the usual prompt response.Broker you should be happy with this ..as it does answer your dilution fear..actually mine as well...Debt is another matter but thats expected. Update on operations   BF

[BrokerG]

Thank  you Himmler for sharing your findings. From what I gathered we should hear by month end in regard to frac.

[BrokerG]

Ok from what you found out today and what I have been hearing, 1] News on the Brock and Anderson well should be out in the next few weeks. Delays caused by XTO. 2]They are trying to secure a bank loan[ or access to their current line of credit of $75 million] 3] A new reserve report should be out in March. This will help secure financing 4] NO dilution  5] With new financing they can provide

[himmler]

Sound good to me.Especially the no dilution.

[BrokerG]

further to my last post I can also confirm that there is an institution selling out.  They are using the "anonymous" broker. I do not know how much they have left to sell. Hopefully it is  not Harrington or Capital

[himmler]

Yes it must be an institution.Proof is as simple as looking on the free TMX Money website.I've been following it for many months as well.The shareprice has been taken down by anonymous since it hit its highs.With a stock like this its very easy to do.BUT..theres a problem with trying to read into this. First of all they could have dumped their shares at the 60 cent range within a few days..but

[BrokerG]

The main issue is, are they done?. Usually after a large transaction of over 2 million shares, like last Friday, the institution is done selling and that was their last dump. I never got a reason for the selling but as long as they are done we should see a price appreciation leading up to the announcement of the well flowbacks and the reserve update.

[xmaster]

2 million was quite large dump and someone bought it and did not let price collapse.  this looks promising to me.

[BrokerG]

Well I guess I was wrong. The selling and yes, the buying continues. There are only two institutions with these many shares: Harrington and Capital.  My guess is that Capital is selling. If that is so, they have another 8 million to go before they are out. Everyone seems to think that its ok for institutions to sell, someone is buying, but the point I am making is they are not buying at

[xmaster]

well another possibility was just selling and selling and price collapse....another institution is apprantly stepping in to not let that happen.  so that is a good thing in my opinion.  what this tells me is that current value will survive even if wells are not success.  the buyers are getting new wells but getting them for free.  as current valuation probably assumes dead

[BrokerG]

That makes sense. I think we have to use some common sense here. Delay after delay is NEVER a good sign. There is no way it takes 6 months to get flowback from the XTO Anderson well. 99.9% of the time when a company delays putting out news it is a bad sign.  We should have heard by now. I think xmaster is correct in assuming the well results are poor or non-existent.   The company

[wittmann]

The truth is the share price did collapse.BKX was over 60 cents and now we sit at yearly lows.Many of the trades were also cross trades,which makes it difficult to interpret the reasons.Furthermore the update is far behind Bkx's usual timeline.It does suggest problems.They probably will release all the info on their financials which are due this month. The guessing game continues.