Mainland Resources (MNLU.OB)
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piling on again...
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they got no money , no earnings, no business.
otherwise a great stock !!!
oh, they do "intend" to start a business.
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Holy Moley.
Wow is this a terrible stock.
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pump and dump stock
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It went up, and now it is coming back home, hoping to get some quick points
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These guys have proved undeveloped reserves that do not require capital investment on the part of the company....they can, if they wish, keep a big carried interest and promote industry partners to develop their reserves, the same way they did in deveolping their Haynesville rights.
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Foolish.
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Boiler Room.
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No revenues, trades at 60x book value and 100x cash. Looks to be going down to me.
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Specbear deserves more respect for not abusing over the counter stocks. He is by far the best player on CAPs. Credit the others, but respect Specbear.
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If the stock market were a hot dog, this company would be that tiny chunk of bone you bite into and then spit out. Please don't tell me you swallow the bone.
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If this turns out to be a good call, thanks to EverydayInvestor & Tastylunch. If not, it was worth a try.
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Sc*mbags
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Dog alert - do not cover, trust this pick to go to zero
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60,000%+ runup, volume today 13,096 shares, JOKE.
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North Louisiana, is all I should have to say, They will hit, DO YOU WANT A PIECE? Go with Mainland!!!! I see money, money!!!!!!!!!!!!!
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statsgeek
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LOOK at THIS BABY ! Petrohawk will " Pay the Bills " ( 100%) for drilling in the HUGE Haynesville Shale formation ( Natural Gas ) and Mainland will receive 40% of the Revenues. FANTASTIC when you consider that the Historical price ratio of Oil ($122. a barrel ) vs. Natural Gas ( $9.50 per ) is about [ 6:1 ] Petrohawk recently sold for over($40.00) a share. Mainland sells for ( $6.00 ) a share. Watch
this BABY...ROCK !!!
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Own lease of 2600 acres plus in the Haynesville Shale. Petrohawk has agreed to drill and hook up their wells for a portion of the lease. The first well will be drilled free to Mainland and the second well will be cost them only 20 percent. The third and subsequent wells will be on a 60/40 split with Petrohawk owning 60 percent of the haynesville production and Mainlan retaining 40 percent. Mainland will own 100 percent of production above the Haynesville. Sounds like a deal when you are a start up who lacks cash to drill.
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Some comments from the companies 10-Q: The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at November 30 2007, the Company has accumulated losses of $83,244 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

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