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Yup, they can't both be right! I'll pass on what they tell me. Don't plan on selling even if I can - don't need $500.+ right now.
hmmm... perhaps if you call in?
Here's why I thought otherwise:
Positions (My Investments)
Symbol
Qty
Price
Mkt Value
EQBM
1500000
0.0001 150.00
SOMPF#
30000 N/A 600.00
None
30000
N/A 0.00
Total Market Value: $750.00Today's Change: $0.00# Unable to accept sell orders for this security,
please contact your local branch office for more information.
Hmmm, I'll have to check that out on Monday.
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LSMJ
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Updated 12/21/07
This is all i know about soma. Oh yah! and average daily volume is 3100shares/ day
SOMA Petroleum Ltd and Actel/Aikete Limited announce joint venture agreement
11/22/2007
TORONTO, Nov 22, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
SOMA Petroleum Ltd (Trading as SOMPF.PK, 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.
"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 US$10.7 million. The facilities comprehend 5.4 million tons of tailings, 11 accessory buildings, and 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 and additional details for funding are being worked out 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.
SOURCE Soma Petroleum Limited
Copyright (C) 2007 PR Newswire. All rights reserved
i deal with royal bank in canada and i can trade soma on line regular commision... i believe the last sale price is .02, i recall never sold his soma at .32 or around there.... lucky guy.
That is true.. also... i remember a video tape transmition awhile back, and i can't provide a link as i can't find it, someone posted they remember it... in it, its an interview with Larry, and he's talking about the dailian deal in regards to eqbm... i think the interview was on indr network.
Fine with me. I forgot, why can't I trade SOMA (SOMPF)in my Scottrade? I think it doesn't Settle or something. And as a US citizen, I think I'm stuck with it under that symbol. Larry said I could trade it with a "regular" broker. If he says so. 1. Which "regular" broker and 2. would the commission be more than the sale?
I think he should give 1 Soma share for every 50 EQBM shares to all EQBM holders,like the divy was done, and BK EQBM, and run with Soma only.
Screw the SEC !!!
And get us some trading ability with the SOMPF shares !!
I'd be happy anyway !!
JMHO
I keep wondering if the "Spam" the SEC had regarding EQBM was the unfounded (unfunded?) PRs and/or his communications via e-mails and phone calls that then got put on this message board. Not what a person normally thinks of Spam (faxes and e-mails sent unsolicited to my inbox), but Spam just the same?
And like I tried to articulate, and didn't do a very good job of, is I think Larry is stuck between a rock and a hard place. He can't put out financials on EQBM in which he addresses the Dalian and Red Lake deals because then the SEC would have all the proof they needed to arrest him.
LOL...I don't mind holding a bag, as long as the lying POS gets whats comming to him......Can always use it as a tax loss............Bottom line here is Larry lied and scammed us all....And SOMA POS i have been trying to sell it of month and month with no lucl........
I also apologize if i vented on you or anyone else. I just figure i have put the pieces of this puzzle together, and everything ends with Larry. I guess were all bagholders of eqbm. I guess there's so much heat on Larry, he can't even pump or promote SOMA, i guess he has no credibility in the investment world, and that is why soma sits at .02, not to mention all the confussion on where and who can trade it... talk about a smoke bomb while you escape.
I think that if your suspicions are right and Larry used EQBM to fund the deal, but intended to give the benefits to someone else (i.e., SOMA), then those people got scammed and should have recourse if they want to pursue it. That goes back prior to the SOMA spinoff, all the way to the first PRs about Dalian.
I'm not arguing with you there and I apologize if my anger with the SEC for interfering at what we think was a key moment in the deal making process made it sound like I'm defending Larry as a good CEO wronged by the authorities.
Any faith I have with the deal being real and intended for EQBM comes not from his claims, but from communications I and others have had with Ms. Hui.
RIGHT ON BROTHER!!!
What money is Larry going to make for you???? None,zip,ziltch,nada, nothing and so on...Larry is a lying POS and this compsny (if real) is also a POS....I also lost big on this scam POS, and I accept the fact that Iwill never even get close to getting my origanal investment back...All I hope now is that Larry spends some time at clubfed......
So those that bought after the deal was announced, eqbm that is... How do you think they feel? I believe and i may be wrong but somewhere between early Dec 06 and March 07... those that bought thinking they were getting dalian... What about them... If anyone thought or new that eqbm was not getting the deal... they would of sold EQBM FAST.
It's just a weee tailings project, I guess he can't see it worth the bother? lol...
I hear grandviews all ready to drill sanshaw/bonanza in red lake, according to their pr lately, they are all excited about it.
Not sure what the deal there is, they say they got 60% of that deal from emco, yet those very claims were OURS according to a press release that is still on the eqbm site.
I hope everyone isn't trying to suck up to Larry, so that maybe he'll get eqbm trading again... I don't think he can get eqbm trading even if he wanted to... to much sec on him... i believe he must hide like a wheesel for a few years let the heat die down... eqbm flat lines for a few years... as time goes by people sell and get out at .00000001, once all the pi$$ed off bagholders are long gone and forgotten he can start the shell up again.... Sad
But the pivotal issue here is not whether EQBM has a Dalian deal now, it is whether EQBM had a Dalian deal then.
And if you look back over the posts here and elsewhere regarding operation spamalot, you will find that it was the subject of a lot of serious research and thinking, far beyond the EQBM board.
And yes, the SEC was just making it up. They were lying. That is incontrovertible not only in that no evidence could be dug up to support their allegations and 9 months later they continue to stonewall, but more importantly their own statements directly contradict each other. They forgot to coordinate their own lies.
ok... the sec is making everything up.... spam can be in many ways... say, putting a dalian deal on your web page, then having to remove it!!! Why was it there then removed... if everything was legit why remove it?
is that fair to the eqbm shareholders who bought on the understanding they were getting the deal? That's worse then spam. If there is a dalian deal, and i don't believe it even exists now. SOMA has it on their web page. So any normal person would believe from that, soma has dalian, eqbm has nothing... and judging from the market activity... everyone else agrees.... The sec saw what Larry was trying to pull, and stepped in.
That question has already been answered. In three letters: S E C
Their fraudulent "Operation Spamalot" scuppered the EQBM part of the deal.
In an attempt to anticipate your next question, how many EQBM spams did you get? None, I'd bet. Same with me. And just about everyone else.
IT'S ON THE SOMA SITE NOW.
If the china deal was true... how come there's no mention of it on eqbm home web page... there use to be mention of it there... now nothing?
All very good points 'kermit' !!
Happy New Year to All.
Larry, you can help with this wish !!!
Couch
I would add that the SEC has given no reason for the suspension. Or rather, they did give a reason but it was an obvious lie. When pressed on it through a FOIA request, they clammed up and refused to give anything (except a bill for their "research").
This is not intended as a defense of Larry, but the fact of the matter is, the SEC's action short-circuited a plan that was still unfolding. We can and should be angry with Larry for the lack of progress on getting this traded again, but we cannot conclude that the deal wasn't there. Particularly given Ms. Hui's confirmation that the deal was real.
I have no idea but they went quick I didnt expect them to sell but at least I got $200 for the divis
your right... BUT DAMN its hard not to be negative. I feel like i was intentionally ripped off.
Your words not mine - - I was giving you the benefit of the doubt.
None of us are tooo happy about the way things are right now, but negetivity won't solve the problem !! JMHO
next... it will be my fault eqbm isn't trading... i can't wait till Larry blames the mesiah hangfire... and yes i did learn my lesson.... your reading my past posts like a detective trying to figure me out. Let me guess i have a hidden agenda... im bashing eqbm down from .000001.
Your last 50 posts tell quite a story about your intent - -
Go buy some Berkshire Hathaway and enjoy life !!
That's what I'm going to do with the money Larry makes for me !!
IMHO
who we gonna trust Larry or the sec... never mind my profile... and yes im negative ...i lost huge.. you dont like what im posting so you go look at my profile... whoopty do... and i blame Larry, and myself for believing in him...the sec suspended eqbm because they wanted to protect future investors from eqbm... that is what they told me. i cant believe your defending Larry and eqbm... you probably want Larry to get eqbm pumping again so you can dump your shares to some unsuspecting fool... THAT'S NOT HOW I OPERATE. I DON'T WANT ANYONE ELSE SUFFERING BECAUSE OF OLD PUMP AN DUMP.
Hangfire - - I believe, after looking at your profile page, you seem blinded by negativity !!
If the SEC hadn't suspended and dumped EQBM to the Greys, Larry would have still had his original bargining power, at nearly a penny/pps, and MAY have CLOSED the Dalian deal as originally negotiated with Ms. Hui. Can you positivrly prove otherwise ????????
Good to know - - Thanks for sharing - -
Who bought them and why ???
Any guesses?
Couch I was able to sell my soma last week with etrade I just put in a limit sell for .02 10,000 shares and it sold in about 1 minute I was very surprised it actually sold
yeah... your right, if the sec hadn't stepped in, you and i could of sold our shares to other suckers... give your head a shake.
Regardless of whether they were/are real companies or not we could have all done a hell of a lot better if the SEC hadn't come in to rescue shareholders by delisting to grey sheets.
"Arturo ran eqbm into the ground with his bashing"... IS L.S. INSANE... he can't be that stupid to believe that... or can he?
The story goes like this- --
In the past I had sent Larry and Ms. Hui a couple of emails which were never replied to. His email address is in my AOL address book, and I mistakenly sent him an email, not really intended for him. He responded to it. It had no questions or anything to do with Larry, SOMPF, or EQBM??
He was just telling me his thoughts on messiah Arturo, and how Arturo had ran EQBM in the ground with his bashing !!!
Just a quirk reply!.
What were your questions and answers Couch? Does he take out your original question when he answers like he does to my e-mails?
He sent emails to several of us on this board just a week or so ago.
Maybe you asked the wrong questions.
He makes statements and rarely answers specific questions anymore !!!
Check my posts between #38150 to #38155. He did answer me a couple of times, so he's still alive.
Out leader Larry has left the building and IMO never to return...All communications with him have gone unanswered for many month now, at least the questions I have sent to him.
Haven't been able to sell any of my SOMPF either.
Could use some help from our leader Larry on this whole mess !!
I am here, but not much to say about this POS....BTW hows that SOMA divy going....Still have not been able to sell that crap.
My streamer shows we're below .0001 now.....now trading in the five digit range? Everything L.S. has ever spoken about this stock and his 100 million shares has been a bold face lie. Otherwise, he'd be doing much more to get requirements satisfied with the SEC and have this trading again. His day will come, sooner or later his day will come. When he's behind bars for 20 years or more, I'll somewhat feel my 42K loss was worth it.
He may be holding 100 million shares, but it's not like he bought them. He simply awarded them to himself.
My take on eqbm/soma... is that they never were "real companies", just shells created by a group or individual, in order to be used as a trading vehicle to make money... Now that the group/ individuals are done, they have no reason or motivation OBVIOUSLY to see these shells trading again, or they would be. Those that made their money on eqbm, soma have made and moved on. I don't believe for a second L.S. is holding 100 million or so shares of eqbm.
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