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Guess it's Larry's idea of an Annual Report. Sad indeed.
I wonder if it's the same old thing because of this:
The contract was signed at the end of March 2007 and additional details for funding are being finalized at the present time. SOMA has made multiple transfers, to date, of their total contractually committed funding in excess of three million dollars (US)."
He told us this ages ago. Still, it's good to know that the deal hasn't cratered and I might someday (before I die) get my money back
Yes! It's sad...
WOW! A year ago today? How time flies!
Edit: Huh, it's today. I thought you were joking. Isn't it word for word what was released a year ago?
NEWS OUT!!!!!
Press Release Source: Soma Petroleum Limited
SOMA Petroleum Ltd and Actel/Aikete Limited
Monday May 12, 1:01 am ET
TORONTO, May 12 /PRNewswire-FirstCall/ - SOMA Petroleum Ltd (Trading as SA1.F, SA1.DE & SA1.BE) executives are pleased to announce the completion of a joint venture agreement between Actel/Aikete Limited and First Union Kreditanstalt S.A according to Mrs. M. J. Majoie Hui, President of Actel/Aikete, Ltd.
ADVERTISEMENT
"Our company, Actel/Aikete Limited, has been heavily investing in China, especially in a mining waste recycling facility in Dalian. The Dalian facility has a registered capital of 10.7 million US$. The facilities comprehend 5.4 million ton's of tailings, 11 accessory buildings, a 40,000 square feet 100' tall factory; with all the necessary infrastructure, such as electricity, water, roads, dams, etc...
The joint venture capital brought by SOMA will allow us to expand the facility and to install additional production lines. The principal production is precious metal oxides in semi-refined form, such as palladium, iridium, rhodium, etc...
The contract was signed at the end of March 2007 and additional details for funding are being finalized at the present time. SOMA has made multiple transfers, to date, of their total contractually committed funding in excess of three million dollars (US)."
The due diligence has been completed by SOMA and the property has received Chinese Government environmental approvals. The property is currently owned by D.A.K., a privately owned Chinese resource corporation held by H.M.H. of Hong Kong. Once the agreements are finalized and executed, SOMA will own 49% of all operations and mineral rights upon completion of funding. Significant deposits of gold, platinum, palladium, rhodium and copper have been identified in the mine and mine tailings. Monthly revenues of $1.6 million and annual revenues of $19.2 million are projected within one year of closing.
The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years with 15 years remaining, with right of renewal. The property includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one operating production line. To date $7 million has been invested in the project by H.M.H. and D.A.K. Once the acquisition is complete SOMA plans to increase production to three lines, within the first year. The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits.
Safe Harbor
Certain statements above may constitute forward-looking statements. Such forward- looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
In additional news, Mr. Larry Skolnik, President of SOMA, is continuing to develop relationships with market makers in Europe to help create additional investor awareness of SOMA on the Frankfurt and Berlin Exchanges.
Not been able to sell mine I have Schawb, told me they could not sell them or help out at this time.....
righty aren't you with TD Waterhouse? I was able to sell mine when they were delivered... They kept on cancelling the order but I kept on calling back to put the order up and it finally filled one day.
this here message is ON THE DAMN TOPIC! LOL WELL SAID BIRD!
NOW wheres patience when we need him, wasn't he going to dalian to check out the tailings pond?
Wheres our report?
I got to thinking we should fly arty into dalian...he is close is he not?
get him to locate the mining operation using a geoligist at $400/day, following off them old chinese mine locates.
Yes thats a start
maybe he can find patience too. lol
nevermind
can't speak for the yank contingent
but for me it went like this
called broker about 1000 times
freaked out, ran upand down ladder of command
got summarily ignored for days to weeks
finally they sent certs backto TA
ta converted
and here they sit ready to trade but no liquid
in fact was told recently...only selling on germany goes by auction first thing in the morning
kinda like grey sheets
if they dont sell in 2 hours tuff luck for the day
bs i tell ya, wasnt always like this
Communications....it's all blurring together.
Pass the Vodka.
That was an email dip stick.
Larry's ALIVE?
Did he say he could only make ONE phone call?
Thanks for the update. Maybe Larry can explain how USA bag holders can find an mm that will trade on the FF exchange. We need to convert the SOMPF shares to SA1.F. Etrade told me that I could buy SA1.F shares, but could not sell my SOMPF shares.
GLTY
I was able to sell mine as soon as I got em through TD Waterhouse... I either got .22 or .26, can't remember
If I remember correctly, you need a minimum of 5,000 shares to be able to sell in Germany. I only have 2,000 and Scottrade told me they couldn't help.
Nest Egg
I asked Larry the same thing last week. Below is our conversations via emails.
I emailed him yesterday and asked if he would go into more detail on how this was to be done.
I haven't heard back from him as yet.
See below emails:
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
the american mm are screwing u they buy at 50 cents or less on dollar and hit the bid it is no problem to trade frankfurt
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
--- On Thu, 4/24/08, Couchptado@.com <Couchptado@.com> wrote:
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _
From: Couchptado@.com <Couchptado@.com>
Subject: Lookin better Larry - -
To: lehat2000@yahoo.com
Date: Thursday, April 24, 2008, 6:21 AM
The German markets are looking like some progress is being made - - sure hope so, for all our sakes.
Don't seem to have ANY effect on the 'SOMPF' US stock though. Still seems to be a big problem. Even if Germany went to $1.00 Euro, I doubt I could get 50 cents USD for mine!!
Good job Larry
Couch
Spent hours on the phone with ETrade - no go for selling SOMA shares.
SOMA .108 today. Has anyone found a way to sell their SOMA shares? At one time it was posted that eTrade would sell the shares on European Exchange. Any truth to that?
I don't know what's more aggrivating... Larry scamming us or people still having hope...
Get over it people
Get a move on Larry ....
China to Become World's Leading Gold Producer
2008-04-29 20:30:31 Xinhua
China will become the world's leading gold producer in 2008, with output reaching 300 tonnes, according to an estimate made by the China Gold Association on Tuesday.
"Recent years have seen a continuous drop in gold output in South Africa and the United States, traditionally big gold producers, while China maintains an annual growth rate of five percent," said Hou Huimin, vice president of the association, who believed that China was bound to take the No.1 position of South Africa this year.
Latest statistics by the China Gold Association show that the gold output of South Africa, which has led gold output since 1905, was 272 tonnes in 2007, while that of China was about 270.5 tonnes, 1.5 tonnes less than the former.
China has proven gold reserve of more than 650 tonnes in 2006, while another five gold deposits were discovered since the beginning of 2007, said Hou.
"With the improvement of exploration level and technology in processing ores, the output of gold will continue to increase," he said.
Wonder which country's law enforcement agency(s) will get Larry first: USA, Canada, or Germany? He made all these claims and has now disappeared. Were ANY of his PRs based in fact?
Surprise, surprise. I guess he will re-release some old PR and try to pump it again over there.
By the way, has anyone heard from him in the past couple of months or did he get lost in the woods checking out our multiple mining claims. LOL
browndawg
so what happened to the bs about working hard to increase awareness with the euro mm's?
Apparently Larry has lost his sponser for SOMA.
And what? I don't know, you tell me?
What the heck does that mean?????? TIA
browndawg
THE FOLLOWING INSTRUMENTS WITH EFFECT TO 30.04.2008 NO MORE OF A DESIGNATED THE SPONSOR DOES NOT CARE FOR. FOR THIS REASON THE COMMERCIAL FORM IS CHANGED FROM CONTINUOUS TRADING TO ONE AUCTION.
ALL ORDERS IN THAT ABOVE MENTIONED INSTRUMENT DUE TO THE CHANGE OF THE COMMERCIAL FORM TODAY AFTER THE POSTTRADING DELETED.
http://world.altavista.com
Soma post on European Exchange today.
Can anyone read German?
Xetra Newsboard
2008/04/29 13:53:01
DIVERSE: AENDERUNG/CHANGE OF TRADING MODEL
FOLGENDE INSTRUMENTE WERDEN MIT WIRKUNG ZUM 30.04.2008 NICHT MEHR VON
EINEM DESIGNATED SPONSOR BETREUT. AUS DIESEM GRUND WIRD DIE HANDELSFORM
VON CONTINUOUS TRADING NACH ONE AUCTION GEAENDERT.
KUERZEL INSTRUMENTNAME ISIN INSTRUMENTENGRUPPE
KJ5 KENARTHA OIL+GAS CO. LTD CA4889181034 NAM9
YQO SWISS HAWK AG INH. CH0028361019 SWI1
SA1 SOMA PETROLEUM LTD CA83444T1066 NAM1
SAEMTLICHE AUFTRAEGE IN DEM O.G. INSTRUMENT WERDEN AUFGRUND DER AENDERUNG
DER HANDELSFORM HEUTE NACH DEM POSTTRADING GELOESCHT.
SOLLTEN SIE NOCH WEITERE FRAGEN HABEN, WENDEN SIE SICH BITTE AN DIE XETRA
TRADING HELPLINE UNTER DER TELEFONNUMMER +49(0)69-211-11 400.
My thoughts exactly couch. I e-mailed him 04/23/08:
Subject line: "Since both EQMB & SOMPF are at rock bottom will you be willing to make an annoucement?"
On anything at all as to why all your deals have failed (that’s if they were real in the first place)?
xxxx xxxx
Of course I haven't heard from. HA!
Now if we could get a verifiable PR on a Dalian deal, then we could get excited about WHY the PPS is moving up, not just Larry playing ping pong between exchanges !!!
KEEP IT GOING LARRY !!
Another move up today for SOMA. Last trade at .099. Bid .08 and Ask .095.
http://boerse-frankfurt.com/pip/dispatch/en/pip/private_investors/home?module=InOverview_Equi&wp=CA83444T1066&foldertype=_Equi&wplist=CA83444T1066&active=overview&wpbpl=&navpath=http://boerse-frankfurt.com/pip/dispatch/en/pip/private_investors/home&824287894
Nice activity on SOMA on Frankfort Exchange today. Price up to .06 euros. First move up in awhile.
Good question, 'pennies'.
Patience said he was going to Dalian a while back, I am sure curious what he seen/heard from there !!!!
But he hasn't logged back in since saying something to the effect that Larry will look good in an Orange jumpsuit, or something like that !!!
Sure would like to hear from him or Larry, either one !!!
So is everyone here gonna let Larry get away with our money or is something going to be done about it?
Way to go there Larry - - -
All that HARD Work SEEMS TO BE REALLY PAYING OFF !!!
SOMA PETROLEUM LTD
Hinzufügen zu:
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Watchlist
0,0050 -90,00 %
-0,045
Frankfurt (EUR), 09.04.08 | 09:12 Local-Id:
ISIN: CA83444T1066
Symbol: SA1
Me either. For some reason it reminded me of him. LOL
At this point, I'd wouldn't mind seeing Larry's name in such a PR...
Off Topic: Anyone remember this one? At least we don't have that many shares out. I hope!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28284438
I see there is nothing new on this POS scam, also hows SOMA doing these days,........LOL
Thanks xgin I appreciate the help. I was hoping that would be the case.
browndawg
Sarshee, sorry I don't have private message. My question for you is - have you ever done a Sch D for US taxes? To answer your question - you add & subtract all your gains & losses for the year it's the NET result that you you pay taxes on, but you need to do the back of Sch D to know where you're at as that's where it will break up short term & long term gains.
http://www.irs.gov/pub/irs-pdf/f1040sd.pdf
http://www.irs.gov/pub/irs-pdf/i1040sd.pdf
http://www.irs.gov/pub/irs-pdf/f1040.pdf
Bottom line is: if all you have are short term gains it's going to get entered on F1040 on line 13 (taken from Line 23 of Sch D)so it will end up being taxed as ordinary income and so what ever your tax bracket - that's what your gain will be taxed at. Sure won't be 40% though!!
Since you haven't yet written it off yet it still an unrealized loss so it would be for the 2008 tax year if you will write it off this year. It's not like an IRA where you have until April. Anything over $3,000.00 you can carry over as a capital loss in 2009. That's if you live in the US of course.
Now this is ust my opinion based on what I have done in the past....If I were you I would wait for next year ammend your 07 return at that time, it will help you out then on your 08 return....Ammending your 07 return will not really do much for you you may get another small return check, but use it for a deduction for 08...
Just what I would do..take it for what it's worth
My taxes are finished and I've received my check for 2007. Can I take a write off for next year (2008) or should I do an amendment to 2007?
Anyone with tax experience, please respond, and thanks in advance.
Nest Egg
Yup I already filed my taxes, and was able to take the loss as a tax loss......So anyone still not believe this POS is a scam???
Oh and how about that SOMA, doing real good these days...LMAO....
This kind of talk and investor concern should make one Mr. Skolnik VERY PROUD of his achievements !!!!
Hope he don't choke on that SWISS CHEESE !!!
He, so far, has made a complete FOOL of me, for my belief in him !!
You can ask your broker to declare it dead money and remove it from your account. There may be a fee.
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