RE: RE: Sovereign Chief, cvac01, makeithappenCVAC'S last three posts, this guy is bi polar, I don't get it, he lectures us tells us the stock is crap, sells and buys into another PP in (ATK) then proclaims he would have liked saxon's PP, didn't get it so he slams the CO, But wait he will get in when it consolidates, but no it's time for a lecture again, also must inform us on how much he has made in the market and outside activities, WOW what a loser, just get lost and be happy with ATK, oops your a bag holder there as well!!
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Hi Rock,
Yes all of the PP is going to Hank and insiders. That is usually how it goes. Sometimes a company will give you some bread crumbs at the dinner table while insiders, friends and family sit down for the potatoes and gravy, but not this time.34/16
Crumbs and all Hank and Friends are taking it all...
Hopefully good things happen with the $10 million raised, because in 4 months when those 96 million shares come free trading you can bet there will be some profit taking, but perhaps not until the exercise their warrants too.
Hopefully investors do their DD before investing at higher prices on this one. I would hate to be the retail investors that will no doubt pick up shares at higher prices then today only to see a sharp drop in 4 months.
Cheers,
cvac01
3/9/2010 2:53:59 PM | | 181 reads | Post #28006880
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Hi All,
I told you all I would be watching for something big to happen and congrats to all those who held on through the tough times. Hank will make it happen IMO and this very well could be a repeat of BWT. If he didn't have big plans for SXN and their projects he wouldn't waste his time making a little bit of $$.
Time will tell, but I think eventhough alot of shares are attached to this PP, it is going to the right people, maybe not at the right price for some shareholders eyes, but I think they will like where the share price goes from here.
I did not get in before this news so I will watch to see it consolidate and most likely establish a position again.
Cheers,
cvac01
cvac032/11/2010 6:35:45 PM | | 115 reads | Post #27922826
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Hi all,
I don't know what to think of this move. Personally I liked what Rich Green had done, but like you all say maybe putting the cart before the horse so to speak and going too fast on two many things.
A focus on Italy and the North Dakota Bakken should prove well for SXN near term and I would hope the can keep Kansas or spin it off into a new company, but it sounds like they are selling it because they have nobody to run it.
The problem with SXN now is that deal they did in Spain that diluted the s$%T out of SXN for the wrong reasons and one of the reasons I left SXN for ATK, which provded to be the right move.
ATK has a lot of shares outstanding now since their recent private placements (which i took a part of), but they issues shares for cash and are putting the $$ to work, where as SXN has put Spain on the back burner.
One of my trading rules is when a company gets close to 100 million shares O/S I start to backoff a bit and rarely make an exception.
Still watching closely at the developments in Italy and where the Kansas stuff goes, but for now I am still out of SXN.
Good luck to all the long time holders that are still around here.
Cheers,
cvac0