lecorb
2年前
Creek Road Miners
The Trade: Creek Road Miners, Inc.
CRKR
Director Paul L Kessler acquired a total of 25,869,829 shares at an average price of $0.16. The insider spent around $4.16 million to buy those shares.
What’s Happening: Prairie Operating recently reported the closing of the previously announced between Creek Road Miners, Inc. and Prairie Operating Co., LLC.
What Creek Road Miners Does: Prairie Operating Co formerly Creek Road Miners Inc develops and operates bitcoin mining scaled-up facilities using natural gas to power the operations.
https://www.benzinga.com/trading-ideas/long-ideas/23/05/32315031/over-4m-bet-on-this-financial-services-stock-check-out-these-3-penny-stocks-insiders-are
Creek Road Miners, Inc. Completes Merger with Prairie Operating Co., LLC, Establishing Prairie Operating Co.
Press Release | 05/04/2023
OKLAHOMA CITY, Oklahoma, May 04, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”) announced today the closing (the “Closing”) of the previously announced merger (the “Merger”) between Creek Road Miners, Inc. (“Creek Road”) and Prairie Operating Co., LLC (“Prairie”). As a result of the Merger, Creek Road was renamed Prairie Operating Co. The Company expects to commence trading on the OTCQB under the new name and symbol “PROP” once FINRA processes the Company’s pending Rule 10b-17 action request pursuant to FINRA Rule 6490. The Company intends to request listing on the NYSE American Exchange.
In connection with the Merger, the Company acquired from Exok, Inc. (“Exok”) undeveloped oil and gas leasehold acreage, located in Weld County, Colorado (the “Exok Assets”) for approximately $3.0 million (the “Initial Asset Acquisition”) pursuant to the previously announced amended and restated purchase and sale agreement (“PSA”) between Prairie and Exok. The Company has the option to purchase 32,695.63 additional gross Weld County acres from Exok, payable partly in cash and partly in equity consideration, until the later of August 15, 2023 or 90 days from the Closing, in accordance with the terms of the PSA.
To fund the Initial Asset Acquisition, Creek Road raised $17.3 million in proceeds from the private placement of the Company’s Series D preferred stock (“Series D Preferred Stock”) and warrants to purchase the Company’s common stock with certain investors (the “PIPE” and together with the Merger and the Initial Asset Acquisition, the “Transactions”). Any remaining proceeds from the PIPE, after funding the Initial Asset Acquisition and expenses related to the Transactions, will be used to develop the Exok Assets.
Ed Kovalik, the Company’s Chief Executive Officer, added, “Today marks the beginning of a tremendous growth opportunity for Prairie and its shareholders. Our goal is to be a world-class developer of high-quality assets with continuing focus on environmentally responsible operations”
As previously announced, the Company’s executive leadership team includes Prairie co-founders Gary C. Hanna (President) and Ed Kovalik (Chief Executive Officer), together with energy industry veterans Craig Owen (Chief Financial Officer), Jeremy Ham (Chief Commercial Officer) and Bryan Freeman (Executive Vice President of Operations). Gary C. Hanna, Ed Kovalik, Paul L. Kessler, Gizman Abbas and Stephen Lee will serve on the Company’s board of directors.
Advisors
Baker McKenzie LLP served as legal counsel to Creek Road.
Vinson & Elkins L.L.P. served as legal counsel to Prairie.
About Prairie Operating Co.
Prairie Operating Co. (f/k/a Creek Road Miners, Inc.) is a publicly traded company with assets held in Weld County, Colorado. The Company is dedicated to developing affordable, reliable energy to meet the world’s growing demand, while continuing to protect the environment. To learn more, visit Prairieopco.com.
leifsmith
3年前
Fixed price energy cost to Creek Road
From today's letter from management: https://www.businesswire.com/news/home/20220609005431/en/
The cost factor at the Meeker facility is very desirable and will allow the Company to operate at a favorable cost basis by paying a fixed price of approximately $.0455/kWh.
Given the increasing cost of energy worldwide, the opportunity for fixed-and low-price energy production provide Creek Road with a significant cost advantage in conducting it mining Bitcoin operations. Even at current prices (approx. $29,000 per Bitcoin), Creek Road’s mining operations are currently projected to generate a gross profit.
How Is Gross Profit Different From Net Profit?
Two critical profitability metrics for any company include gross profit and net income. Gross profit represents the income or profit remaining after the production costs have been subtracted from revenue. Revenue is the amount of income generated from the sale of a company's goods and services. Gross profit helps investors to determine how much profit a company earns from the production and sale of its goods and services. Gross profit is sometimes referred to as gross income.
On the other hand, net income is the profit that remains after all expenses and costs have been subtracted from revenue. Net income or net profit helps investors determine a company's overall profitability, which reflects on how effectively a company has been managed.https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp
georgie18
3年前
CRKR...$2.42...Bullish Harami Cross Reversal pattern formed here to the Upside...CRKR coming out of the Oversold Position...
Looking for the 100/200 Cross to follow after the 50/200 Crossed late December...imo...we shall see...
Chart... https://schrts.co/vgqrIbij ...
Authorized Shares
100,000,000
01/10/2022
Outstanding Shares
6,811,617
01/10/2022
Restricted
3,378,051
01/10/2022
Unrestricted
3,433,566
01/10/2022
georgie18
3年前
CRKR...$3.50...Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or “Company”) is pleased to announce its plans to begin the process of uplisting to a national securities exchange.
After careful consideration, the Company has selected NYSE American. Creek Road Miners believes that NYSE American provides a unique platform to enhance the Company’s ability to execute on its Five Cornerstone Strategy.
“For Creek Road Miner’s unique model of acquiring traditional energy assets to support the expansion of our cutting-edge cryptocurrency mining operations, NYSE American is clearly the best fit,” commented Mr. Scott D. Kaufman, Chief Executive Officer of Creek Road Miners. Mr. Kaufman added, “Having achieved a number of critical milestones over the past couple of months, we’re looking forward to the uplisting process and the acquisition of energy assets.”
georgie18
3年前
CRKR...$1.70...Grinding out of the Oversold Pincher Squeeze...as the Macd readies to Cross Positive...
Bidding the Open Gaps here...Accumulating this CRYPTO/NFT based Small Float play...in this range...Recently had a Symbol Change from WIZD to CRKR...
Wizard World, a division of Wizard Brands Inc.TM (OTCQB: WIZD), announced today the launch of its three-dimensional non-fungible tokens (3D NFTs) of exclusive items from the Wizard World Vault online marketplace (www.wizardworldvault.com). Compiled from 25 years of events (www.wizardworld.com) and trusted sourcing throughout the pop-culture industry, the Wizard World 3D NFT collectibles are an addition to the 2D NFTs announced earlier this month.
Please visit the company’s website CreekRoadMiners.com for more information and updates.
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.creekroadminers.com) will develop, own, and operate ESG-focused mobile bitcoin mining facilities in strategic locations around the United States by creatively leveraging otherwise unusable or underutilized resources.
Wizard World Vault (www.wizardworldvault.com) features some of the most popular memorabilia, along with items from featured artists and exhibitors in the pop-culture world. Fans can interact with Wizard World on its website in addition to Facebook, Twitter, Instagram and other social media services.
https://markets.businessinsider.com/news/currencies/nft-trading-volume-q3-crypto-blockchain-snoop-dogg-axie-infinity-2021-10
NFT trading volume explodes 704% in the 3rd quarter as blockchain games catch fire...
Chart...https://schrts.co/KFawYBvb ...
Authorized Shares
80,000,000
10/04/2021
Outstanding Shares
3,981,634
10/04/2021
Restricted
2,711,384
10/04/2021
Unrestricted
1,270,250
10/04/2021
Held at DTC
1,169,195
10/04/2021
Float
783,792
05/14/2021
namah sivaya
4年前
Wizard Brands Announces Launch of Creek Road Miners Crypto-currency Mining Operation
PARK CITY, Utah--(BUSINESS WIRE)--Wizard Brands, Inc. (OTCQB: WIZD) an activist conglomerate that optimizes performance and profit in the companies it creates, acquires, and operates announced today the launch of Creek Road Miners, LLC, a wholly owned subsidiary of Wizard Brands.
Launching Creek Road Miners LLC expands the current NFT minting activities into mining crypto currencies. The Creek Road Miners management team consists of a seasoned team of executives with significant experience in crypto-currencies, NFTs, and tech leadership. Management intends to develop and operate “scaled up” bitcoin mining facilities using natural gas to power the operations.
As part of the initial launch, Creek Road Miners has an agreement in principle to acquire 2 megawatts of bitcoin miners. Each megawatt of bitcoin miners will be placed in one of two distinct and strategic geographic locations with different temperatures, humidity, and weather patterns. The first Creek Road Miners facility is expected to be completed and fully operational by the end of 2021 and followed by an aggressive schedule for developing additional sites.
Supporting its commitment to crypto-currency mining, Wizard Brands will change its name to Creek Road Miners, Inc. and apply to change its stock symbol reflecting the name change. Wizard Entertainment will continue to operate as a subsidiary of Creek Road Miners. Please visit the company’s website CreekRoadMiners.com for more information and updates.
Mr. Scott Kaufman, the Chairman and Chief Executive Officer of Wizard Brands commented, “Crypto-currency mining is a natural segue from the Company’s current NFT strategy and presents a great opportunity to enhance shareholder value by creatively leveraging otherwise unusable or underutilized resources. Given the global environmental concerns surrounding crypto-currencies, we’re excited that our solution is ESG focused and has the potential to significantly reduce the carbon footprint of mining these assets when compared to existing operations.”
https://www.businesswire.com/news/home/20210628005235/en/Wizard-Brands-Announces-Launch-of-Creek-Road-Miners-Crypto-currency-Mining-Operation
georgie18
4年前
WIZD...$3.20...https://www.otcmarkets.com/stock/WIZD/news/WIZARD-WORLD-Launches-2D-Non-Fungible-Tokens-Connecting-Fans-with-the-Past-Through-the-Technology-of-the-Future?id=306014
Authorized Shares
80,000,000
06/01/2021
Outstanding Shares
3,427,134
06/01/2021
Restricted
2,588,884
06/01/2021
Unrestricted
838,250
06/01/2021
namah sivaya
4年前
WIZD Q out. Some interesting NFT info in it..
http://archive.fast-edgar.com/20210517/A72EL22CZC2RPTP2222Q2ZY2I6GBZZ22G232/#t_009
Wizard Brands, Inc., because of its existing enterprises, is perhaps uniquely situated to enter the NFT marketplace on a scale at which no other new market entrant into this space can achieve.
We continue to augment our digital programming with the eCommerce site, the Wizard World Vault. The Vault features the best in pop culture memorabilia from Wizard World events, along with items from the top artists and exhibitors in the memorabilia world. We have begun the process of transforming tangible memorabilia into digital collectibles that can be purchased alongside the physical item.
Although the NFT market is currently gaining considerable attention in the press, and is achieving traction with consumers, it is impossible to know the ultimate size and significance of the NFT marketplace.
Wizard Brands, Inc., having captured thousands of hours of video elements, consisting of millions of desirable frames of content, and possessing an extensive collection of celebrity collectables and its current market position in the pop-culture consumer products, is likely favorably-positioned to attract attention and market share as it enters this sector. Additionally, the fan base that comprises Wizard’s largest constituency is already active in the digital space and the brand extension into digital collectibles is a natural progression into a new and vibrant marketplace. Because Wizard already owns content, and has the marketing and distribution apparatus already in place, the potential for the Company to realize impressive margins in the NFT space is manifest.
Due largely to the enormous changes in society during the past year, online activity and connection through virtual communities are more important than ever. We see great opportunity to build on our established equity as the online destination for like-minded affinity groups.
Through its digital initiatives Wizard Brands desires to become the online destination for affinity groups to gain behind-the-scenes and unique experiences they can’t otherwise access.
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