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GTX Global Founder Guilty Of Securities Fraud, Money Laundering
Tuesday, May 19, 2009 03:36:00 PM
By Carol S. Remond
Of DOW JONES NEWSWIRES
David Hagen, founder and former president of GTX Global Corp. (GTXC), has been convicted of conspiracy to commit securities fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering.
Hagen, a convicted felon who served time in jail for his involvement in a direct mail scheme in the late 1980s, was featured in a Dow Jones Newswires "In the Money" column in December 2005 cautioning investors about GTX Global. He had fled to the Bahamas and was arrested upon his return to the U.S. in 2007.
Federal prosecutors for the western District of North Carolina accused Hagen of using a number of Web sites to drive up the price of GTX Global' stock price, selling stock at inflated prices and laundering his profits through bank accounts in the Bahamas, the Netherlands, Cyprus and the U.S.
As first reported by Dow Jones in April 2006, criminal prosecutors first began looking into GTX Global as part of their investigation of two other penny stock companies called Concorde America Inc. and Absolute Health and Fitness Inc.
Hagen has been ordered by the jury to forfeit almost $28 million in proceeds from his illegal acts. He faces a maximum sentence of 45 years in prison.
Parallel investigations by the Securities and Exchange Commission in Florida and the Federal Bureau of Investigation in Charlotte, N.C., led to several GTX Global-related arrests, including that of former U.S. attorney Sam Currin who pleaded guilty to money laundering and obstruction charges. Currin was sentenced to 70 months in jail in 2007.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb Award in 2005 for best news service content with "Exposing Small-Cap fraud," a series of articles that described how three small companies unscrupulously pumped up their stocks. She can be reached at 303-997-5783 or by email at carol.remond@dowjones.com.)
GTXC/GTX Global...NEW and POWERFUL information and allegations
http://gtxcthegangthatcantshootstraight.blogspot.com/
I cannot help you people if you do not help yourselves. THIS IS A SCAM. Read the latest post on the blog. They've got more attorney's than employees.
ex employee or not.. the truth is the truth, and it's coming from the inside. GTXC is a scam. Some of these posts are articles written by Dow jones, there're court filings (actual links bucko) to the cases that are related. Yep, it's all just "mud". Read the blog (and the comments) some of which (they claim) come from ex-employees. Want independent corroboration? go to blogger.com and do a blog search for GTXC. There are others, not on the inside, that have noticed the scam and pattern.
You sound like one of "them".. pumping and dumping. Either that, or you're just a moron
Don't believe everything you read. Sounds like a disgrunted employee trying to sling mud.
ALL you need to know about GTXC is right here
http://gtxcthegangthatcantshootstraight.blogspot.com/
GTXC $2.50~$4.40~$4 Just noticed that ad to the upper right of my charts on StockCharts.com...no time to dd this one , it sure made a pretty pop though
http://stockcharts.com/h-sc/ui?s=gtxc&p=D&b=5&g=0&id=p19346249881
CHECK OUT THIS LINK --- INTERESTING BREAKDOWN OF GTXC http://www.rapidpennystocks.com/
Hi kittytekk sorry i didnt answer earlier I was away for awhile, good luck on AMRS there is some potential for another spike, Heres a stock i really beleive is about to fly Im in at 0.0009 BLYM, at this price the company has a market value of just 1m$ it is worth alot more probably ten times as much.
Hello jamstah, hope your doing ok!! what do you think of this stock i found. sounds to good to be true but you never know.
A 'Stellar' Opportunity
If any of you aren't already aware of the recent nosebleed rise in
price of Paramount Gold's stock, I suggest you take a look (PGDP.PK
6-month Chart). I myself was unaware of Paramount Gold until
mid-December of this past year, when I was fortunate enough to acquire
a position at $.86/share. Paramount Gold now trades at $3.58/share
just a few weeks later (closing 1/18/06). Now don't misunderstand me,
I'm not promoting Paramount Gold, this report is about the little
known American Stellar Energy (AMRS.PK). I've since sold my position
in Paramount Gold to lock in gains, and I've reinvested a portion of
that money into AMRS.
One thing to recognize is that Paramount has the ability to raise
substantial amounts of money in short order, as evidenced by their two
recent above-market financings, which together raised $1 million. This
is extremely good news for their JV partners, and AMRS is partnered
with them in 2 of its 4 properties.
AMRS currently trades at $0.099/share (closing 1/18/06), and has about
62 million outstanding shares. This equates to the very modest market
capitalization of $6.14 million. Contrast this to Paramount Gold's
over 30 million outstanding shares at $3.58, making for a market
capitalization of $107.4 million.
The First Property in which American Stellar Energy is Joint-Ventured
with Paramount Gold is the San Miguel Groupings:
The San Miguel District is made up of several concessions and past
producing mines known individually as San Miguel (the head of the
group), Santa Clara, La Blanca, San Luis, El Carmen, Swanick, Sangre,
Sangre De Cristo, Guadalupe De los Reyes, San Juan, El Rosario,
Empalme, Las Tres S.S.S., and Las Tres B.B.B.
The JV agreement will allow Paramount Gold to acquire a 70% interest
in the property, AMRS retaining their 30%. Paramount currently has the
rights to 25% of the property. In order to exercise their full rights,
Paramount must:
*
Pay AMRS a total of $400,000 ($300,000 paid thus far) to acquire
35% interest.
*
Issue to AMRS a total of 700,000 shares of their stock. (300,000
are being issued to AMRS at this time)
*
Spend a total of $3.5 million on exploration work, plus other
payments.
*
Pay AMRS $50,000 or an equivalent value of its shares annually.
Paramount is planning to commence an extensive drill program on the
San Miguel property in February of 2006.
The Second Property in which American Stellar Energy is Joint-Ventured
with Paramount Gold is La Blanca (adjacent to San Miguel):
At La Blanca, previous drilling indicates a block of over 6 million
tonnes, grading 4.7 ounces silver per ton, and .013 ounces gold per
ton. That's over 28.2 million ounces silver and 78,000 ounces gold, of
which bench mark metallurgical testing shows that recoveries of 90%
are possible using flotation (a relatively cheap and easy way to
extract the gold and silver).
With 90% recovery, that's 25.4 million ounces of silver and over
70,000 ounces gold.
Bill Reed, Paramount's exploration officer, stated that "We are
planning an extensive drill program that I believe will not only
validate this resource, but add significantly to it."
In fact, it has been concluded by Paramount Gold that tonnage can be
increased 2-3 times by exploring below the current level of penetration.
Bill Reed was the former Chief Geologist (1998-2004) for the Mexican
subsidiary of Hecla Mining.
Paramount is planning to commence an extensive drill program on La
Blanca in February of 2006.
This agreement allows Paramount to acquire a 70% interest, AMRS
retaining their 30%. In order to fully exercise their rights,
Paramount must:
*
Pay an initial $50,000 to the property owner (done).
*
Pay the property owner an additional $960,000 within a 10-month
period commencing January 31, 2006.
*
Make 80% of all future property payments.
If Paramount chooses to exercise its full 70% interest in both
properties before year-end 2006 (which seems very likely), then the
total compensation to AMRS would be:
*
700,000 shares of PGDP, currently (closing 1/18/06) valued at
$2.51 million US.
*
$50,000 US yearly.
*
80% of all future property payments on La Blanca.
*
A virtual free ride on exploring the historically prolific San
Miguel Groupings as Paramount will be spending $2.5 million on
exploratory costs.
The 700,000 Paramount shares alone represent over 40% of AMRS's
current market capitalization! That's pure profit which could be
realized in less than 1 year from now!
There is a hold time of 1 year on the 700,000 shares. As to what might
be done after this period, I can think of two options:
*
Sell them to fund operations
*
Distribute them to shareholders of AMRS as a dividend.
American Stellar Energy also owns 2 other properties:
La Currita:
*
Active mine, with a 150 ton/day mill.
*
Currently generating revenue of about $110,000/month.
*
With the proposed plans to upgrade the mill and ramp up
production to full capacity (currently running at about one-half), La
Currita operations should easily cover all company expenses in the
future and still show a profit.*
*AMRS has very moderate overhead costs with a high percentage of all
money going into the ground.
La Millionaire:
*
Looking for a strong Joint Venture Partner.
*
Outcrop portion of vein estimated at 1.8 million tonnes, grading
at 8g/tonne gold.
*
Mine tailings remaining from a previous small mining operation
are estimated to be 29,000 tonnes at 9.6g/ton gold.
*
Combined, the above numbers indicate that there remains at least
472,000 ounces gold yet to be exploited, with a fraction of the
property being explored to date.
It's only been a little over 7 months since Francis R. Biscan, Jr.,
President of American Stellar Resources, visited Mexico and acquired
the four aforementioned properties in May of 2005. With 2 joint
ventures already completed, and the continuing operation of the La
Currita mine (it was already producing when acquired), this represents
some fast and impressive work. And it appears we can expect more of
the same in the future.
Look for a name change in the near future. The probable change will
turn what is now American Stellar Energy to Tara Gold Mining Corp.
This change alone will bring much more exposure to the company as it
clarifies the company's position and objective. The "Energy" in
American Stellar Energy used to stand for the oil and natural gas
properties* that the company once owned, but they have since been sold
in order to focus on the mining of silver and gold in Mexico.
*Currently, management has no plans to become involved again in oil
and natural gas properties.
Francis Biscan has a number of contacts in Mexico, and this allows him
to scope out attractive properties and bring them to the table for
Paramount and others to consider. Thus, the plan of the American
Stellar is simple: discover promising mining opportunities, work out a
JV with a partner, and begin realizing significant cash-flow once the
properties are brought into production or bought-out. Thus, when all
is said and done, AMRS will be able to reap significant profits while
spending very little capital.
It's simply amazing that Paramount is valued almost 18 times more
highly than American Stellar, when their JV arrangements call for a
70/30-split interest. Furthermore, American Stellar Energy has two
additional properties (100% owned), including a producing mine, as
well as one other property that is in the works.
In contrast, Paramount Gold has one other property, the Linda Property
in Peru, within which they can only become 51% operator according to
the terms of the JV arrangement between Minera ABX Exploraciones (a
subsidiary of Barrick Gold) and themselves. Besides, this Peruvian
property seems to be in an early stage of development, and it also
appears that the majority of Paramount's value lies in it's two
Mexican properties, within which they are joint-ventured with American
Stellar Energy.
Valuation
If AMRS were to be valued at 43% of Paramount Gold (30/70
relationship), it would then trade at around $.74/share, an increase
of more than 700% over the January 18, 2006 closing price.
I do not think this price is unreasonable, and I attribute the delay
of parallel price appreciation with Paramount Gold to a lack of PR
exposure. This problem should be solved in the near future, because as
soon as revenue starts to flow in and AMRS becomes a fully reporting
company, Francis Biscan plans to hire a respectable PR firm with cash.
The delay of hiring a PR firm up till now was the result of Francis
Biscan not wanting to dilute the share count any further.
For another valuation exercise, let's say that Paramount exercises
their full 70% rights to La Blanca, begins their intensive exploration
program, and eventually drill proves what could potentially represent
100-150 million ounces of silver. Using 125 million ounces, at a 1:60
price ratio between gold and silver (i.e. $9 vs. $550), the gold
equivalent within La Blanca would amount to almost 2.1 million ounces.
Once having accomplished the exploratory work necessary to prove the
in-ground reserves/resources, the goal of both Paramount and American
Stellar would be to sell the property to an industry major for a price
of around $125 per ounce of gold equivalent. Using the $125/ounce
buyout price and 2.1 million ounces of gold equivalent, a profit of
$262.5 million dollars would be realized from the sale of the La
Blanca property, minus any exploration costs in excess of the budgeted
$2.5 million (the obligation of Paramount Gold). Split 70/30, American
Stellar Energy would receive almost $79 million after the sale, an
amount equal to nearly 13 times their current market capitalization.
And remember that La Blanca is only one of American Stellar's four
properties!
Francis Biscan, President of American Stellar Energy, owns about 12%
of AMRS's outstanding shares, and he has avoided dilution by investing
hundreds of thousands of dollars of his own money into his company. He
doesn't plan on raising any significant funds until substantial price
appreciation occurs, and there is even a strong possibility that such
fund raising will never again be necessary due to very low cash
obligations, which are currently:
*
$65,000 in the next six months for the San Miguel property
payment (paramount pays the remaining 35,000). This payment will again
come due after an additional six-months, but more than likely the
payment will lesson to either $45,000 or $30,000, since Paramount is
likely to increase their percent interest in San Miguel.
*
After November 30, 2006, %658,000 spread over the next 3 years
for the La Blanca property (Paramount pays the remaining $2,632,000)
That amounts to a maximum cash obligation of $130,000 over the next
1-year period, and more than likely it will be closer to $110,000.
That's it, and it's entirely possible that the profit coming in from
the La Currita mine will be able to pay for this, meaning no need for
further dilution.
The Quick Facts:
There are currently:
*
No long term debt obligations.
*
No options outstanding.
*
No preffered shares outstanding.
*
1.4 million warrants exercisable at $.12/share, all expiring
3/15/06.
Excellent TA Charts
by Roy Martens
Daily and Weekly Analysis of AMRS
To conduct further due diligence visit:
www.americanstellarenergy.com
www.paramountgold.com
Active Message Boards:
Raging Bull AMRS
Investors Hub (IHUB)
Contact Information:
Francis R. Biscan, Jr.
Phone: 630-462-2079
Fax: 630-462-1224
E-Mail: americanstellarenergy@comcast.net
also, you know how to read these things better than i do.....
http://biz.yahoo.com/e/060131/amrs.pk10qsb.html
here is 2 more stocks im going to invest in soom NMKT (probably tommorrow) MOTG also once the price goes down to the 3cents level. NMKT is a catch technology oriented, profitable and trading at book with expectations of a huge increase in rev in 2006 a minimum double IMHO.
in simple terms shorting is when you want the stock to go down, wat happens is your broker has people who own the shares what you do is you basically borrow the shares (lets say company XYZ at 10$, 1000shares), you receive 10,000$ cash there is no time limit for how long you can keep the shares i think you pay some interest and it takes from your margin so you have to be careful for margin calls. Lets say the next day the stock rises to 11$ if you were to return the shares you would have to pay 11,000$ so you lose 1000, if however it goes to 9$ then you only have to pay back 9000$ so you gain 1000$ Shorting is risky if for example you short a 10$ share and it goes to 30$ not only have you lost the 10k$ investmenet you lost a whopping 20k$ -200% returns. coz of the extra risk different stocks r counted as a larger part of ure margin depending on its volatility by ure broker, i think its impossible to short anything below 1or 2$ so no penny stocks either.
Glad to hear your doing ok. Let me ask you something, how do you do shorting and what is all about?? dont understand it.
I read something about it but i still don't get it.
thanks kittytek
hey kittytek yah i bought into IVAN but its gone back down a bit im thinking of adding some more, good luck on gzfx, Ive watched it for some time now it seems to spike and return back to the 0.009-0.01 level so on the next news release it would be a good idea to sell some of your position then buyback once it goes back down.
Ive done well on some other stocks TTCH is up to 0.08 from 0.05 when i told u about it (this really is undervalued should be at least 20c), PLNI i sold today up 50%, i bought OGHC at 0.45 went lower but recovered back. I just entered INNO at 0.75 it should jump back to 0.90 in a week, really oversold, finally covered GTXC for a good 4k profit (shorted 1000 at 10.10$)
Hey Jamstah how are you doing? Are you in IVAN and i see it went up some since the last time you wrote to me.
Well good luck and take care. Me still waiting for gzfx to pop and make me a rich man, lol.
I really hope so or at least give me back my original money
invested. I have a good feeling it will but i'll take time...
TAKE CARE
KITTYTEK
IVAN Up 50% in 2 days on that trade, the cc sounds pretty good looks like it will run to 5$ minimum
s-8's are mainly issuing shares to management, employees and consultants http://www.investorshub.com/boards/board.asp?board_id=1605
you will find all the data you need on s-8.
Jamstah wish you good luck with that trade and i'll keep an eye on it too. btw what is an S-8???
Is it like a dilution of a stock or is it when a company need money and trades services for stock? The reason i ask is because gzfx did that today. It was up due to PR and it dropped like a rock again 0.0148--0.0018. The funny thing is that it went up again and it closed at 0.0118. Craziest thing i ever saw!!!!! Well thats penny stock for you. up and down and then up again....well let me know and GLT.
take a look at IVAN just bought some (400 at 2.25), I think this could be the next SUF thats been up from 2$ to 18$ in the past 3 month.
the barchart.com opinion is useless it will always give you a buy indicator if the stock has been up and a sell indicator if its been down, for example if the stock is down for the year it will give you a sell indicator in the long run if its jumped 20% in the last week it will give you a short term buy indicator. OGHC has been down 80% this year so its going to give you a sell indicator, now im not sure it has hit rock bottom it could probably go down another 20%, but i beleive this could double or triple within a year.
To tell you the truth I dont rely much on technicals its just a guessing game.
I look for undervalued companies, sometimes down on their luck because these are the stocks the market has ignored and are most likely to be valued wrong. As long as you yorself are convinced their business is solid.
If you are going to hold on to gzfx i would sell if it drops below 0.0075 if it breaks that it could go much lower.
losing hurts your not alone! I take it personal, i always ask myself how could i have been so wrong! your going to be asking yourself this question alot on pinksheet and bulletin board stocks, since you are a new investor I would advise you to skip these stocks for now, buy some Nasdaq, NYSE stocks you will probably be able to learn the trade without the risk of losing 80% of yur money in a single year!.
Jamstah i looked at the charts for OGHC and it looks like that stock is going lower and lower.
http://quote.barchart.com/texsnap.asp?sym=OGHC
http://quote.barchart.com/texpert.asp?sym=OGHC
Well you know better than i do. I guess you see more potential. Question how do you know it's going to climb?
Teach me how to see potential in diff. stocks. What do you use
T/A ? or news or ???.....Thanks
Thanks for your honesty and advice about gzfx. I am kind of deep into gzfx and if i sell now i loose alot. But if i dont sell i am left with just waiting with the possible roll out
on march 15th. If they do a national roll out i think it could reach .03- .05 cents and i can sell and get a good
profit. So far all my money is tied up in gzfx!!!
Oh well i guess i'll wait till march 15th and take it from there. What gzfx needs is more exposure and commercials or something. THANKS AGAIN.
P.S. DOES IT MAKE YOU FEEL LIKE CRAP WHEN YOUR STOCKS ARE DOWN
OR IS IT JUST ME. SINCE I AM A NEWBIE I GET EMOTIONAL WHEN I LOOSE MONEY. AND YOUR RIGHT THERE IS NO QUICK FIX!!!
ETLT also looks like a strong company, only catch ist their 25m$ in cash can only be invested in China, other than that they trade at a PE of 4and P/B of 0.5 its looking undervalued to me easy jump to 0.8$ within 6 months without much risk.
Take a look at OGHC i think this is about to start an upward climb.
there is no quick fix that will get you out of the hole, taking more risks usually means more losses, sound investing can only help and remeber even if it hurts sometimes you just have to cut your losses.
I myself wouldnt bank on gzfx, they might be growing but i doubt thet can survive, they have an uphill struggle against the likes of Netflix and many other huge players that are considering entering the market. Competing on price is never the best option Im sure if Netflix starts offering videogames as part of their package even if their package is at a higher price it would kill this company. Financially they are leaking money, theres that horrible financing agreement which could triple the share count 0.0075 is not that far away and if it goes below Im sure theyre going to take advantage of the clause. unless they announce some good news such as a deal with circuit city soon theres only one way this is headed and that is down.
Honestly I havent done too bad, but then again i have has some good and some bad times but overall I guess ive made a decent return,
I see PECB has jumped yesterday on some earnings guidance. Though I think they might be quite out of proportion, and I literally take this stuff very skeptically learned my lesson on NAUG, audit showed losses and they expected a profit of 1$/share! I think the market has not fully learned about the news I think 50cents is a good entry if you want to take a risk it could still be pumped up another 30% or so.
jamstah
Well you have 9 1/2 years on me. i just started 6 months ago and yes i lost some money. But i figure no pain no gain.
I am still trying to pick a good one that will get me out of my hole. I think if i wait long enough with gzfx i will make some money in the long run. I hope!!!!! i have over 400k
shares and i really dont want to loose it by selling at this point. With the roll out with cc i think this stock has at least a chance to take off. But now the have pushed it back to
march 15,2006 to find out if is a go. well i'll keep the advice in mind and keep doing research at the sites you suggeted. thanks for your help and GLT.
P.S. I KNOW IT NON OF MY BUSINESS BUT CAN I ASK IF YOU MADE A DECENT PROFITS ON 10YRS OF TRADDING??? IS IT WORTH THE TIME THAT WE SPEND RESEARCHING AND SPENDING TIME ON THESE BOARDS.
JUST A QUESTION YOU DONT NEED TO AWNSER IF YOU DO WANT.
BUT THANKS ANYWAY.....KITTYTEK
Thanks jamstah for the info and i will look into it.
I just see the stock grow every day and i wonder if is a good
time to buy or wait till it goes down again. And buy it on the dip. thanks again.!!!
Concerning IDWD they have not announced the dividend date, that is why it trades this low because it has been promised for some time now and not many people trust management but to me even if they anounce a 10cent dividend this would fly, I have not invested in this one check the IHUB board im sure the guys there know more than I do. If you want to invest be sure its money you are willing to lose, place a limit order for 16 cents if u want to buy.
How do i know all this stuff? i guess its experience ive been investing actively for 10 years now, not very long on the pinksheets and BB, but ive learned some lessons the hard way, heres some pointer for you for pinks and BB:
-Never trust management completely
- take advice on the internet skeptically most sites are payed to prmote stocks and while you might see results over the short term hardly any of these stocks are going to make you money unless you get out before the dump starts.
for example http://www.stockprowler.com/scoreboard/
looks good doesnt it, if u check what the current stock price is most are 50% lower than the price they announced there recommendation on.
- Even if they anounce plans to move to a more respectable exchange be skeptical it usually takes more time than management expects and may never occur, same with dividends.
How do I pick stocks?
-Stockscreeners are good but you will not be able to analyze pinks
-Its never bad to look at online sites, knobias.com are probably the most respectable but I dont invest based on their opinion do your own research and you will probably find out some important information. Also never invest right away i buy stocks which have already past the pump and dump stage, usually they have been pushed too low and all the speculation is gone.
- Message boards if you see too many skeptics dont invest.
its also good to keep track of stocks that u did not buy through keeping a virtual portfolio sites like investopedia.com allow you to learn without losing real money (not for stocks under 2$), I think you can create one with your online broker too.
jamstah
HI kittytek i took a look at PECB for you. This is the way I analyze a stock:
-First it is very important to look at the financials if available, most of the BB and pinksheet stocks are hype so once you look at the financials you can make a more reasonable analysis of where the company will go, if they are unaudited take them more skeptically.
-The most important ratio for me is the Price-Book Ratio (current stock price/book value, u can calculate book value by total equity/shares outstanding. An acceptable ratio would be less than 2 but since we are talking about the pinksheets anything below 5 is acceptable for PECB it is currently over 100. For any stock you would not expect it to trade below a ratio of 1, so when you see such a huge ratio you can see that there is a possible 99% downside, that is too risky for me and is a red flag.
-Future earnings is important, looking at their financials they have good margins so if sales pick up they can be profitable, they say they have their products distributed in 150 shops, assume they double this to 300 in 2006 with monthly sales of 500$/store they can make revenues of 1.8millions that would just be enough for them to breakeven under this very optimistic scenario. They do have the possibility to be profitable in 2007 but because of the large share count investors will not accrue much of the benefits.
- An important question is where they will get their finaning from, current operations are not sufficient and borrowing is out of the question so whatever financing is required is going to be done by issuing more shares so if you by this stock expect dilution, when this happens your share of the stock decreases and this puts downward presseure on the stock price.
So PECB as a company has potential but looking at the valuation this to me is overvalued/ too risky, yes it is in a good industry with potential this is well known, but I think there are probably better stocks out there go to yahoo finance and type in pet under stock ticker look up Im sure you will find some other stocks.
jamstah
Question Jamstah when is the ex-dividend date for IDWD.
Also how reliable is this company. Do they usually do what
they say their going to do. meaning the the .87-1.01 per share
payment? An if so does that share price stay at that level or
does it go down again to 0.17. I am kind of confused.
THANKS SORRY TO BOTHER YOU SO MUCH WITH ALL THE QUESTIONS.
KITTYTEK
Thanks for those stocks symbols. I will check them out.
Hey how do you know so much about all this stuff. Did u just pick up on your own or what??? Well, great to have someone to talk to that does not BS you and bash or pump stocks like the other boards. I have one for you to check out!!! I was doing some DD on this one and in late December it just started to pick up fast. Dec. 20ish it was at 0.16 now it's at 0.39.
Now looking at the chart i see green light all over but, i dont know if i should jump in make a few bucks or maybe i might be chasing it. DON'T WANT TO CHASE.......
Thanks for your advice.
KITTYTEK
http://quotes.barchart.com/texsnap.asp?sym=PECB
http://quote.barchart.com/texpert.asp?sym=PECB
300% jump I think there will be a bit of profit taking this should see 2cents again so if u bought in early i guess its time to sell, if your thinking of buying in now its too late, it could run up more but its too risky for me WITM is probably a better bet if u want to go into mining/drilling (i would suggest below 15c).
NAUG is a stock ive lost alot of money on but I beleive it can recover, this should see at least 300% gains in 2006 it trades at book and is profitable I estimate they will make about 15cents in 2006, but current quarter figures will be dissapointing, therefore a good entry point would be in March. It trades under both NWAU on the pinksheets and NAUG on the BB if you want to make a quick buck buy at 9 or 10 cents and sell at 11 or 12 for NWAU.
HESG is also a good play it has been jumping eratically lately another quick 10-20% in a few days (enter no higher than 0.32).
PLNI is a good buy in the mid 0.005 range something is up with this stock and we should see some good news in the upcoming week or 2.
TTCH as uve showed me technically may not be a good buy but for a stock which trades once a week technicals dont matter, this is currently trading at a huge discount, they should make about 6million (with the inclusion of the Vanadium mine which is supposed to be highly profitable) in 2006 which means they trade at a PE of 0.5 from the website videos one of the companies before it was merged to become TTCM was established with 3m$ in 1995 that is more than wat the current market value is. There new IR are quite reputable http://www.adam-friedman.com/afa/clients.htm they are their only pinksheet client. Potential to hit 2-3$ from now to 2 years time
IDWD have announced previusly that they are planning on a one time of 0.87$ to 1.01$/share and shares in 995ad when it spins off currently the stock trades at 0.17 and if true (been promised for a while now) this could jump 500%
just some stocks for you to ponder about.
Jamstah
HEY JAMSTAH I THINK I MIGHT HAVE FOUND A NICE ONE CHECK IT OUT AND TELL ME WHAT U THINK.....MSEV.OB
PLEASE LET ME KNOW!!!!!!
http://quotes.barchart.com/texsnap.asp?sym=ttch
I check this one out and it shows a sell all the way.
http://quote.barchart.com/texpert.asp?sym=TTCH
Too late i lost 20% of my money in todays decline.it was going up well and the PR came out and it plunged from 0.0171 to 0.003 and up again were it closed at 0.0112. very disappointed
in this stock. I thought it was going to go at least to 0.05
before it drop hard. Well i guess i'll have to wait for the roll out with cc comes out on jan 17??? cross my fingers!!
its was like a fast rollercoaster coming down so fast.
I try to sell at 0.014 but i did not get to.....so i just
kept it. wow what a disappointing day..... :(
This is the most worrying clause for me, this stock can easily drop 50% and someone has the incentive to help do so, dilution will significantly hurt stock price. e.g if it hits 0.075 Golden Gate could buy 2.7b share 3 times current shares outstanding which would put pressure on the stock towards .015. As long as this does not break downwards you are safe.
g) Adjustable Conversion Price Feature of Debentures Could Require the Issuance of Greater Number of Shares.
The Company's obligation to issue shares upon conversion of the convertible debentures to Golden Gate Investors, Inc. (see Liquidity and Capital Resources, below) is essentially limitless. The following is an example of the amount of shares of GameZnFlix common stock that are issuable upon conversion of the convertible debentures (excluding accrued interest), based on market prices 25%, 50% and 75% below the market price as of November 10, 2005 of approximately $0.01:
Number % of
% Below Price Per With Discount of Shares Outstanding
Market Share at 18% Issuable Stock
25% $0.0075 $0.0060 2,735,000,000 73.90%
50% $0.0050 $0.0040 4,110,000,000 80.97%
75% $0.0025 $0.0020 8,235,000,000 89.50%
As illustrated, the number of shares of common stock issuable upon conversion of the convertible debentures will increase if the market price of the stock declines, which will cause dilution to the existing stockholders.
(h) Adjustable Conversion Price Feature of Debentures May Encourage Short Sales.
The convertible debentures issued to Golden Gate Investors, Inc. are convertible into shares of Company common stock at an 18% discount to the trading price of the common stock prior to the conversion. The significant downward pressure on the price of the common stock as the selling stockholder converts and sells material amounts of common stock could encourage short sales by investors. This could place further downward pressure on the price of the common stock. The selling stockholder could sell common stock into the market in anticipation of covering the short sale by converting their securities, which could cause the further downward pressure on the stock price. In addition, not only the sale of shares issued upon conversion or exercise of debentures, warrants and options, but also the mere perception that these sales could occur, may adversely affect the market price of the common stock.
(i) Issuance of Shares upon Conversion of Debentures and Exercise of Warrants.
The issuance of shares upon conversion of the convertible debentures issued to Golden Gate Investors, Inc. and exercise of warrants may result in substantial dilution to the interests of other stockholders since the selling stockholder may ultimately convert and sell the full amount issuable on conversion. Although the selling stockholder may not convert their convertible debentures and/or exercise its warrants if such conversion or exercise would cause them to own more than 9.9% of Company outstanding common stock, this restriction does not prevent the selling stockholder from converting and/or exercising some of its holdings and then converting the rest of its holdings. In this way, the selling stockholder could sell more than this limit while never holding more than this limit. There is no upper limit on the number of shares that may be issued which may have the effect of further diluting the proportionate equity interest and voting power of holders of the common stock.
I have done some research Gzfx has some potential but the financials are seriously worrying and profitaility is seriously questinable. They will need sales of at least 7million to breakeven in a year and they are far from that. Dont forget the heavyweights like blockbuster and netflix are going to make the market tough for smaller competitors. It is a cuthroat industry and prospects are not good.
In the short run I see a pump and dump probably another 20% jump before it starts declining, just be careful u get out before it drops.
Heres a little gem which is about to take of TTCM China, symbol: TTCH (pinksheets) they had about 15-20million$ in revenue in 2005 and at a historical 5% net profit they should make 1million$ this year or 2-3cents a share, it trades at 5 cents a share. The problem with this stock had been IR, now they hired a very reputable firm which to me signals that they will move to the OTCBB OR AMEX soon. 2006 is more optimistic as their mining license should bring in 5m$ in profits. They probably will also see more piping contracts go their way for the Olympics in 2008.
At this price they are highly undervalued, from the videos on the website they are supposed to have a 45,000m2 facility and 15,000m2 storage space, they also own a power plant these are worth way more than the current market cap of 2million$. Easy double here but if u buy in be careful as their is no level2 and bid amd ask difference is large.
Jamstah
Hey Jamstah do some DD ON GZFX i think i'ts going to blow any
minute. let me know what u think.
im short 1000 shares at 10.10$ hope u had a gr8 vacation. This stock gets fishier by the day, take a look at the latest financial report posted on pinksheets.com Dish tv now division supposedly has equity of 10m$ and made something like 2m$ since last year yet they sold it for 500k$ they are really lying and it shows those financials are fraudulent.
If they were not worried why do they respond in a PR after each allegation, why has pinksheets stopped quoting gtxc and why are we seeing so much change in leadership.
Hey jamstah sorry i did not get back to u sonner. i was gone for the holidays. but i see the stock has increaced in price?
What is driving this stock to grow every day? And what is the deal with the ceo??? I dont know if i should take a change and
buy some shares. I really dont like to get in to a stock that has a fishy backgound. Well i'll keep looking at it and see were does it go. What about you do you own any shares?
take care and have a great new year!!!
p.s. check out gzfx i think it will fly soon maybe in less than six months.
HAPPY NEW YEAR
NOTE 6 million$ were charged as develpment cost thats basically capitalized expenses, which might be misplaced if u know what i mean (unaudited stuff u can never trust) take the 6m$ out fr this and the 5m$ out for DISH Tv that leaves 3m$ of stuff worth smething BV 0.10$ trading at 78 times book
sale of Dish Tv now, that was the company money maker this is getting fishier by the minute now the interim president is the one quoted in the PR, why did they get rid of old management so fast? they did smething illegal or bad. why buy YADIO they already had a deal on subscribers? and YADIO does not charge customers, what freakin technology d they have which is worth 64m$ is it the games, internet radio, members or the TV, who in their right minds is going to watch TV which keeps n freezing (did not even work with me just saw the hompepage channel) and is of crappy access TV channels? not me id just go to the next room and switch my TV on.
kitty hope yu got out or did not invest in the first place this is gonna get horrible.
afrer thinking abut it, it is more likely scenario 2, they are to pay 64m$ for yadio, since they dnt have cash its almst all going to be shares, Yadio in no way is worth 64m it is just a freakin website, probably need to issue 10 millin more shares so i see a dilution effect. What i fear is that management is doing it this way so that they can bail out after the merger and sell at such a high stck price.
below 6 by friday, with the news announced yesterday it may well be likely that stocklemon issues a PART 3 on this stock in a week or 2.
Another question for any1 out there is does the managment change mean that the plans for audited financials are gone wat abot the new CFO?
yadio sucks ive been messing around on the site and it is real slow , was not able to get a TV or radio station to play (maybe it dosnt work with firefox) . The online community have quite a bit of activity though but my real question is that all YADIO'S services are FREE, so if its scenario 2 in my previous analyses GTXC just bought a company with 0 revenues (ads but thats marginal)and gave up control and management to Yadio for 64million$. Something very fishy is going on, ill try to get my hands on some more shares short
Merger news!
If i understand correctly in exchange for 64.3m$ GTXC will be merged with Yadio (it might be the other way) current market cap 250m$ so there selling off at a fifth of the current stock price AGAIN it might be the other way with GTXC paying 64m$ for yadio, wat do u think?
i personally beleive that the truth lies somewhere between what management and what stocklemon say. Honestly this is way overvalued at this price I dont beleive that this stock is a complete sham but management are not being honest, like most pinkies.
It is important to note that they still are not invloved in VOIP, if you read about the company (after each PR) they talk about their products VIZTALK etc... More importantly the deal never closed to buy Vizual and GTX is allegedly in the process of buying the products from Vizual corporation (PR this month) thus they are directly misleading investors
So:
- previous CEO IS A CRIMINAL (Proof)
-this is a pinksheet (proof)
- the book value is 0.30$ (we are trading at24 times book) (proof)
- the company is still in the Tv business, previous company subsidiary in same business goes bankrupt (proof)
- Deal to acquire VOIP technologies probably has not closed, who knows it may never occur (Proof)
whichever way you look at it this is quite a risky investment
LET ME KNOW WHAT U THINK. TRUE OR FALSE
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