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It’s still trading on the “expert” market, which means no new filings have been submitted in my opinion.
Still good price action though. Small dollar value trade in reality.
https://www.otcmarkets.com/stock/AFYG/quote#trade-data
The bright side I suppose you could buy super cheap if you decided to add shares.
That’s why it’s .0000001 now. No bid/ask. They won’t make market until there is current info filed.
https://www.reuters.com/business/finance/us-pink-sheets-shakeup-securities-regulator-looks-stamp-out-fraud-2021-09-23/
There’s nothing unless he gets current- after the GameStop run up they started looking at all the subpenny shit, Wall Street doesn’t like to lose, when they do they change the rules. This won’t ever trade again unless it gets current
Absolutely, I didn’t take your questions as being negative at all, I was just kinda unloading everything I could remember about it without doing too much re-reading to refresh my memory.
it just comes down to the book keeping, records, and miscellaneous junk being sorted and arranged into 8-K’s and 10-K’s that comply with the sec’s requirements.
I don’t recall exactly what it was, that stalled it. The accounting firm he hired was supposed to be able to pull it off. The only filings there have been in a very long time, was a form 4 from Oct. 2020, which appeared to me to be a positive sign at the time, that Corey had been able to secure some working capital from a local investment company, to hopefully get filings done, or improve the operation.
whatever it was for, it wasn’t chump change- and I can’t imagine an investment banker just tossing money at something unless he saw some intrinsic value. Either with the potential growth, or with hard assets like ownership in mining projects.
I’ve been in since mid 2013-ish. not going anywhere either.
money is long since spent for me, not selling out now (not that I could).
https://sec.report/Ticker/AFYG
most everything is still in the intro box, if you go on the desktop version of the board. The info is there, not much has changed in the iBox since I added most of it back then, none of the audio podcasts still work because I quit axing for the podcast account a long time ago, but the written transcripts I spent hours creating are still there from past conference calls. There was a PR from 2014 that talked about the accounting firm he hired, but the story is so old now it won’t open from that link- you may be able look back at the posts on the board from around the same time period, and I’m sure we were all talking about the bits and pieces of info. You’d be able to fill in the blanks in your mind.
There were real properties, with gold in the ground. I believe(d) in this one. I went heavier here than I typically did in pink sheet stocks.
It’s a long story. Cory hired a firm years ago to go through all the financials and begin the process of filing 10K’s and whatever else the SEC wanted in order to bring everything up to date. Things looked good for a while, I don’t recall what got in the way- there was something that they couldn’t quite overcome in audits or something. It’s going back quite a while. I don’t recall all the particulars. Last I heard there was an operational mine pulling small amounts of gold out of the ground though. If you read back through the old posts here I’m sure you can find the details.
I don’t think any “Non-Current” penny stock is going to be allowed to trade anymore, by way of Market Makers no longer making a market for them. Thank the wall street elite that got their clocks cleaned by by reddit and gamestop. They got Pwned so we get punished.
All it means in my opinion is that it’s more important than ever to get current with OTC, as they will no longer quote prices until AFYG does.
As far as getting information- I’d start here and see what happens
https://www.affinitygold.com/contact
Just my opinion though, I think it’ll like stay tanked until some financials are updated, if that ever takes place. Be sure to thank the SEC for “protecting” you by rendering the investment worthless
I think they just never got current, and the new rule caught up. https://www.reuters.com/business/finance/us-pink-sheets-shakeup-securities-regulator-looks-stamp-out-fraud-2021-09-23/
Can’t PM. I don’t subscribe anymore. $AFYG
The longest long hold ever.
I’ll tell you though, I held millions of shares of a sub-penny stock for years that I assumed was dead forever, and it awoke suddenly and unexpectedly- (right after the GameStop run), and I was able to pull some money out of it that I assumed was lost forever. I sold way too early though, I was just happy to see it move, never imagined it would (or could) get as high as it did.
Was very tempted to add shares a while ago, when it appeared as though something was on the horizon. Glad I didn’t now- as recent prices are a bargain compared to those multi-penny prices.
Tic-Toc…..
Someone shorted the stock and then the price was driven up by the covering (IMO)
Been waiting this long,… no reason to change course right now for me
3 Reasons Why It Is Time To Buy Gold, Silver And Miners Hand Over Fist
Summary
Gold, Silver, and Miners have had a rough month.
Despite the negative headlines and price charts, numerous catalysts remain.
We list 3 reasons why it is time to buy gold, silver, and miners hand over fist.
https://seekingalpha.com/article/4437366-3-reasons-why-it-is-time-to-buy-gold-silver-and-miners-hand-over-fist?utm_campaign=Must%2BReads%2BJuly%2B2&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads
Amen to that.
Also by the contact info from the pinned PR from 2018- I believe they are producing gold.
I’m going by what is listed on orcmarkets.
Here’s the thing, even with no news (yet) and no recent filings, (other than the form 4 from last year) the price has gone up nearly 300% since February. That’s pretty damn good on any level. This is just my take, I don’t have anything to base this on other than the little information that’s available online if you dig-
As far as I can tell the share structure hasn’t changed- so that would indicate a few things to me. Currently AFYG either has very low operating costs, or they have steady cash flow, or some combination of both. Why do I say this? Because as I pointed out the share structure hasn’t changed, meaning they haven’t sold any convertible debt- Which is what most of the scummy CEO’s do. If you look back to the old days when there was a steady flow of Info, Corey always said he was against that.
We know they’ve got a little cash infusion last year. I personally believe that whatever operations they have running, albeit small ones, if any, are pulling enough money out of the ground, that they haven’t sold any debt.
I’m eager to see some concrete evidence that my “gut feeling” is right. The day that some real news comes out backed up by some filings being made, and if this thing ever gets current with SEC this thing will explode. The share structure and small float will make it move on air.
There was also a sudden increase in the short interest back in February which coincided with the price going up. Not sure why anyone would just short almost 50K shares 1 month out of the blue, but if they are the ones who’ve had to buy it up to almost 9 cents then I hope the choke on their losses-
Time will tell-
Looking forward to an exciting spring, and explosive summer here.
AFYG
Price jump just based on getting current with the Nevada secretary of state it’s nothing, wait until you see the fireworks when they’re filing status is up to date with the SEC, and the stop sign is removed on OTC
Important to note that the Authorized Shares is still listed at 250,000,000 as it has been since 2013 as far as I can tell right now.
Pffft. It was dead for years and never delisted,it’s not going to now either
Bring it on. Nom nom nom. Trips will be worth double next week
That oughtaa shake some loose. Selling 3’s smh
This moves very easy
Wassup Neo. Long time
Wait til you see the volume and price action when this changes....
https://www.otcmarkets.com/stock/AFYG/disclosure
The only recent filing I see at the moment is a statement of beneficial ownership filing from October, but. That in itself could be telling....
My attention level is definitely up now. Good luck longs.
I don’t know. I got an alert that a price target had been met from E*TRADE a little while ago. But my delayed quotes wasn’t showing anything out of the ordinary here yet, now I believe it. There is obviously something that the market knows, perhaps filings are coming, it would have to be significant enough to generate this type of price and volume movement.
I agree Tuna. Long overdue for something tangible. Keep the faith- long and strong and all that.
Maybe we can get the big hedge funds to short the shit out of this and then the Reddit crowd to blow it up to the moon.... LOL. Joking of course- but Jeez man, what a show that’s been the last few days. Bunch of kids on the internet making fun of the hedge fund guys, bankrupting them and calling the boomers, all while probably playing video games in moms basement.
Anyways. Back to reality....
Gold 10 year price chart-
10y
For me the optimism is centered around the price of gold. I remember back when I was a lot more involved here there was definitely a price point of gold that was key to making our projects both feasible and profitable. I remember it being discussed on conference calls- that when the gold price was low, it wasn’t cost effective to retrieve it from the ground, so they leave it there until the price justifies mining it, like a all natural piggy bank.
I believe we are above the threshold. I also believe based on the volume this year compared to past years, that there are other people thinking the same thing.
On top of that- the money I invested here has been out of my hands for a number of years, in a sense I don’t miss it, I view this as a zero cost basis holding at this point. So anywhere up from here would be exciting.
This stock is always in my watchlists, whether I post here or not, my eye has been on it every day for years. I’m beginning to do some research again, if I have anything of significance to share- I will be sure to bring it here to discuss with you all.
Never seen a stick hang in there for so long like $AFYG. There is some real meat on the bone here. So many pink stocks are bothering more than money printing machines for the ceo- fortunately for us- $AFYG has a tight share structure, and I know I remember Corey was adamant about keeping it that way!
2021 here we come- Gold is up- $AFYG will follow
2021! Looking forward to a fresh start- I can’t wait for this year to end. Stock market (and my 401K) have recovered nicely!
Today I will reach out.
Looking forward to a strong 2021 here. We all deserve it.