Post by
ScarletSpider on Jul 25, 2023 11:09am
Let's Se Where the Price Goes to When the Heats Back On!
I think that the August 21st time frame was given more for the workover to be completed vs the pp not being closed. I find it very difficult to believe a $2 million dollar raise that would have started a few months before it was announced on June the 6th would take as long as it is to close especially in light of who axe is partnered to. If axe was not partnered with people who work for companies generating billions in revenue that is one thing but given that it is and not to have the pp closed is another and one I will be really scratching my head.
Now there have been people who said that news can't be given during a pp but updates can however there is no point giving any updates at this point until you get the job done. The company had 2 updates prior to the financials both of which indicated a Q2 completion date to the work over and which it missed. I fail to believe that the workover will go past third week of August but let's see.
I am seeing the share value soften not at all surprised given when I read the extension I was not impressed to say the least. Of course I am posting as a warning to people looking to sell go ahead if you can't wait until third week August but I strongly doubt that the pp not being closed is the reason for the extension again I find it really hard to believe that a company tied to people who are involved in companies generating billions in revenue can't close a $2 million placement within a month!!!????That would be scary actually.
the shares have been so devalued I actually strongly believe that they are quite undervalued when looking across some energy stocks--charbone dropped twice to .03 or .035 and doubled up and remains 7 times higher than its .01 52 week low. This on the other hand its .16 and can't keep 1.5 times its low???? and can't get above .25???? There is something really wrong with this picture.
Because of the suppressed share value I do expect when the heat returns it should jump 5-10 times where it is trading and if I am not wrong about what I am saying then it is definitely not worth selling less than a month prior to the extended time frame. Nevertheless, what people decide to do is up to you/them. I am as i said looking to possibly add more if this keeps softening but I will not be in a position until about 23rd August and if I am right that the outter date is not as much to do with the pp as it was to stall to get news on the heat commencing then I will be squeezed out.
I cringe at the the retraction of share value regardless but relatively speaking the pp hasn't closed and i did say that would be reason for the value to drop to .20's meaning .20 or .205 however keeping things in mind would it be wise to be dumping shares prior to heating my mindset is no although so far there hasn't been an easy and foreseeable time when it will restart but we are talking about now 2 days short a year since we were first informed about the damage and that is a very long time what to speak that finally when the company was more forecoming it said it expected the heat to be done in q2 which didn't happen but it can't be far off and I am still reading in between the lines and think the pp extension has more to do with the company announcing the heat will be on vs raising the funds i find that hard to believe actually that it couldn't be done within a months time from when it was announced for the two reasons I gave--one prior to pps being declared companies already take a few months before starting them and two when axe has partners that work/affiiliate with billion dollar companies those who are testing the tech and where there have been no problems other than the workover mentioned with continuous heat for 4-6 month without the need of steam well you guys do the math here!!
.20's is way too cheap--I have firmly said the stock should have traded $2 plus and should have never dropped below .70 or .80 I am still saying this so all the prices have been quite cheap and I do strong expect a minimum 5 times pop on heat back on up to 10 times that will not be unreasonable when I see other companies popping on weak news to a double. The only negative so far unless the wool has been fully thrown over our eyes is the halting of the heating--if there were major problems the company should have told it and that people would not be buying shares neither of which i see happening here.
Having said all this this is all speculation on my part and I may be heavily biased wanting to believe i the tech so there you go time will tell where things go but i am definitely expecting this company to once and for all finish two things by the third week of August if not before one the pp which i believe has to be fully funded by now and the heat back on!!! Like I said let's see where things go and if I can take one more stab before this jumps i will come for more shares. Because the price is very cheap and more and more attractive for risk to reward--I don't see anything less than a justifiable 5 times jump on heating starting back up I actually expect nothing less than $1.25 a share a that point but that is my expectations not saying where it will go--but i know it won't be less than a double. The company talks about .69 and if the equity trades above it for 30 consecutive trading days it may accelerate the warrants execution now let's see if the sentiments will swamp and pull down those who have been depressing the share values here i have fingered who I think it is and why--so let's see if at retail this will swamp any potential insider trying to sink the share values that is my expectations that the interest and sentiment will be so overwhelming that this should go past .69.
The bottom line is this however as the heat starts and the pilot moves closer and closer to completion next year I expect it to be done in either the second or third quarter coming year the share value should keep rising and because of all the depressed value I do expect a huge initial pop a level off but incremental rise hopefully not as much tom foolery and multiple dollars next year if not this one although I am looking at a $2-$3 for this one but want $5 plus ideally speaking.
my range is conservatively .20 to $2 though more if the sentiments are high that is what i am looking to see. So far many at retail are holding and we know there has been extremely low trade volume which is really good and the people pushing it down is likely the insiders as they have been again wanting a cheap acquisition price to the oil and gas portion. I don't think the company will sell the ip off they shouldn't at all unless they get a massive offering. We have calculated share values of $70-$350 and that was oil and gas alone. The company should not divest the tech but if it does sell off it should only do it for the oil and gas at no less than $20 but this is only my thoughts and definitely don't take lowball offers. If the Canadian companies want to keep lowballing I am 100 percent sure and confident as with the other company a poster said sold off to the private Florida one axe looks for the best offer it has been business foisted on axe so to it is returned.
I do expect shares upwards of $40 I never hid this and I am strongly after this however I have to see where things are at when things have heated to the point that we begin to see multiple dollar values above $5 there have been a few who said a $5 to $10 buyout! That will be a total mugging to all of us at retail and hopefully whoever is the President doesn't go for this but before this lets see what the results say at the end of the pilot and who will offer what and will the company open the tech in the oil and gas beyond the partners right now understandably it is protective but once all is said and done it should be business.
I haven't said anything new here in this regards but I would be careful shedding shares at this point I have a strong feeling that the August timeline has more to do with the heat going back on than the company not having completed the raise but let's see.
Comment by
JeffreyS on Jul 25, 2023 8:39pm
I am doubtful that price will go above $0.70 (after heating restarts) without some type of contract being announced. ONCE CONTRACTS ARE ANNOUNCED then price can shoot up. That could still be awhile off.
Comment by
JeffreyS on Jul 25, 2023 11:42pm
Don't expect share price over $0.70 until there are contracts.
Comment by
ScarletSpider on Jul 25, 2023 11:58pm
Jefferey what was the historic high of this stock? Did it have a contract then???