Kolibri Global Energy Inc BNKPF

press release

[radioguru22]

company just released a notice saying they have no idea why what happened today happened.  no material change to business.

[BrokerG]

Thank you for your post radio All I can say is that if we hear in a few weeks that WLC 14-1 was a dud I will be royally pissed since someone knew something Furthermore the company can find out who sold a large chunk of their stock at anytime. They just call their broker who calls the sellers broker. Done all the time. They will not give out the name but there are only a few shareholders with

[himmler]

Cant believe that the wells a dud.They specifically stated the flowback to take 30 days..thats identical to the other wells,Why would they even bother with the expense of testing flowback if they know the wells a dud.I dont buy that argument but we'll see in 30 days. The other problem is the suddden drop...but then again all one has to do is look at every other oilco .Their all down

[rajm]

Any info they have on the drill results, they are required to release - I don't think it is that. The 30 days aren't up yet. Some of the larger shareholders could be needing some profits as it is coming to the end of a quarter - remember they bought a whack of stock down at the lows. Could also be concern about OPEC's moves.  The field is still here, lots of oil in the ground

[radioguru22]

Man, i really hope yesterday's action didn't scare any of us longs into selling.  Yesterday reeked of someone trying to pick up shares on the cheap or simply dump at a profit.  Gotta admit, that was scary.  At .47 cents i had the buy button ready to tap, then in a blink it was at .40 and my heart sunk (i have way more shares in this than i probably should have lol). Until

[BrokerG]

Not sure if this could explain the sell off yesterday but according to the AGM press release, BNK passed a resolution to issue three series of Preferred shares, along with a stipulation that a max 10% can be converted to common shares in the case of default. This resolution passed by a vote of 66%. That is not exactly a ringing endorsement, unless you are running for President. Is it possibe that

[pabaloo]

As usual the same clowns pumping this pig. Be careful what you buy in this market! There are lots of quality stocks that have been slammed for no reason. This one was slammed for many reasons and they have hundreds of millions of shares last time I looked.

[germtech1]

Kind of agree.....I got suckered in on this one....been holding for years....investors are showing no interest....Im not optimistic....up a penny if were lucky....

[himmler]

It depends on your breakeven point.If you bought at 20 cents (which very few in retail did)..50 cents is a fortune.Actually ,not pumping the stock,but our oil output per day should put us at 10 cents.Many other penny stock oilco's are either gone or heavy in debt and on the brink and their daily output far exceeded BKX's. I think thats the one positive BKX has..and thats why we're at

[germtech1]

See...Oil up and this stock going down...someone has info....probably a poor well result....or just another simple delay.......no upside investing in this stock....it doesnt matter on entry point...

[BrokerG]

feYour rifght germ, a very disappointing day. Let's recap: i The last time Oil was at $72.00, BNK was trading at .65 to .69 cents. What has changed? 1] Delay in WLC 14-1 well- results delayed because of part in well. Negative. 2] AGM- approval of 3 series of preferrred shares. Maximum 10% conversion to commmon shares.Neutral to Positive. There are a few possibilities: 1] Large shareholders

[wittmann]

Lets recap this..once this BB had very little posts.And since we went far too high..and far to fast..we have now daily bull$hit posts micro analysing by so called expert's.I long for the days that we had very few posts.At least then we didn't have a BB full of "experts" Sell ,take your loss,and be gone.Broker...you should know better..your unfounded negatively changes with the

[BrokerG]

Relax wittless. Did I ever say, in all these years I was an expert? of course NOT. Bulletin Boards are used to help shareholders ask questions and discuss strategies. If we cannot express opinions and talk about it,what is the point of these Boards? Let's focus on BNK- I think it is ok to ask what is happening, when OIl is hitting multi year highs and we are going down, don't you? As i

[wittmann]

I see you also reserve this BB to resort to name calling.It was just a  matter of time wasn't it Broker? Too bad.I honestly thought after all these years things would change with you. Back to the old days we go

[BrokerG]

I did not start this issue. You posted first.  I am just responding to your bullying. Anyway, not important, let's get back to discussing BNK. We should have results over the next few weeks. With Oil at multi year highs, any positiver results should give us a huge boost. By the way has anyone tried to contact investor relations? Have they responded?

[wittmann]

I have one more point to make,at the risk of degenerating this BB into what trash it was years ago.My bullying as you call it was a response to your unfounded fears.Read the past posts and truthfully do you really think we belonged at 69 cents? By the way,I never insulted your name as you did mine...remember that.Thats the degeneration I was referring to.

[BrokerG]

All is good, Mr. Wittman By the way, yes I do think we deserve to be trading at .69cents. Based on the last operational and reserve update, along with the NPV analysis that was done, our intrisic value is $1.11 a share. This was confirmed by rajm in earlier posts as well. This value estimate is before any new reserve findings from WLC 14-1 and before OIl was trading at $73 a barrell. So what

[germtech1]

Well North American oil is above $70.....When was the last time BNK made a significant bounce up in share price.....sure know how to trend downwards......we definitely should be trading much higher....just based on oil price. Im wondering of failures of the past in Poland....keeps investment interest looking elsewhere.