Response from Foley today
in response to
by
posted on
Oct 14, 2007 09:13AM
Engineering, procurement, construction & management of crude oil refineries.
There may be different things being said, but their is a message being told.
1. A clarification new release has been sent for approval to the exchange. This my friends is the most important message to convey. Mr. Foley intends to have his company trading in the near future. As everyday unfolds, its getting more and more exciting. Why you ask? Libyian refinery on the brink of reality. Don't worry about AX Holdings. They are only brokers. They are not the ones with the loi/money in hands. Its Barclays. Anyone can broker. With the initial loi, WWF can go to Barclays directly. This has been accepted by MRS.
2. Also with several news updates just waiting to released makes it more intreging for us shareholders. Not to mention the Rawanda (Potentially) coming to the for front of reality. Apparently, they are very egar (With Money) to get a plant built.
The biggest and most positive message being sent to us shareholders is that this is the third time. The past documentation that was forwarded has been approved and accepted as bondified information. Can you spell CREDITABILITY? BIG TIME HERE FOLKS! Now there are just a few pieces left to be verified.
November will be sweet to all shareholders. If you recall in July, everytime a news release the share price went up and by the end of the day, the price drop. We call it daytrading, and the posibility of institutions not believing if these projects are really going to come to light. Long shareholders calls it frustrating. Rest assured this will not happen. When several big institutions and private investors bringing in fresh money, Up to 20 million shares will be snapped up. This is almost 50% of total shares outstanding. These investors are not daytraders. They look to hold shares upto a year or more. With 46 million shares outstanding. You do the math. How many shares would be available for daytraders.
The result is when news releases come out and staged properly. You will see shareprices steadily increase. Similar to V.NOT. There price went from 46cents to 4.50 in a matter of days. This will happen here. If you look at V.GGL, the share price went from 15cents to 1.50 as the high, when they annouce a major nickle find.
Conclusion folks is to hold tight, be prepared for excitement, and don't daytrade. You will lose in trying to buy back your previously sold shares.