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Insider buying + $7.5M raised at-market + $20M line with Sprott
News today of $7.5M raised essentially at-market ($3.40/share).
https://finance.yahoo.com/news/pershing-gold-announces-pricing-public-130000714.html
Recent news of $20M line of credit with Sprott (huge name in natural resources).
https://finance.yahoo.com/news/pershing-gold-signs-non-binding-210100681.html
Insider buying last week by proven natural resources investor Scott Barr.
http://www.gurufocus.com/InsiderBuy.php?insider=Barr+Douglass+Scott
Barr continues long line of continual insider buying at PGLC.
http://www.nasdaq.com/symbol/pglc/insider-trades
Pershing Gold Director Barry Honig is a prolific investor with hundreds of failed and dozens of successful investments. Like any venture capitalist or private angel investor, his wins more than make up for his losses. Readers must remember that a single investment that returns 10X can make up for 10 losses.
A research firm could write a 500-page article detailing the collapses of each of the 10 investments, and it still would be completely uncompelling and unpersuasive as an argument to not follow that investor into a future investment.
Remember that Bill Gates, Elon Musk, Donald Trump, and hundreds of other famous rich people were deep in debt and had failed miserably before they ever succeeded. It only takes one or two wins to make up for dozens or even hundreds of failures.
Barry Honig is a self made multi-millionaire due to his indisputable success as an investor: he has made more money than he has lost... to the tune of millions of dollars in profit.
One big win makes up for every loss. So far, Pershing Gold has been a huge win and is likely to continue to win. He has never sold a share of the company and continues buying shares at open market prices.
ARTICLE: The Smart Money is Flowing into Pershing
http://www.gurufocus.com/news/412922/the-smart-money-is-flowing-into-pershing-gold-corp-nasdaqpglc-ahead-of-report-release
Pershing Gold Corp (NASDAQ:PGLC) just announced some large scale buys ahead of its resource report release, scheduled for before the end of the second quarter...
Form 4 Filing Tonight: Director Buys Another $5M
Pershing Gold Director bought another $5M worth of stock recently, as reported today post-market at the SEC website. He now owns 2,579,435 shares.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001432196
Donald Smith & Co. also participated in follow-on financing, as filings show today.
Recall Pershing Gold's PEA is due to be released by the end of the quarter. With gold's recent rally, and the demonstrably low all-in operating costs at Pershing Gold, it makes sense why these guys are buying. It's a NI 43-101 and PEA-backed gold mine where they can buy gold $300-400 cheaper than current market prices.
If you're going to invest in gold, why not buy shares of PGLC? This mine will be operational within a year, and you're better off here than even physical gold, in my opinion. So much cheaper to buy PGLC shares... you get 25% or more off the price of physical gold.
ARTICLE: Billionaire Robert F. X. Sillerman's Plan for
Billionaire Robert F. X. Sillerman's Plan for DraftDay Fantasy Sports Inc (NASDAQ:DDAY)
May 02, 2016 | About: DDAY
Here's why Sillerman's latest venture, DraftDay, could be his next multi-thousand percentage points return candidate.
http://www.gurufocus.com/news/410680/billionaire-robert-f-x-sillermans-plan-for-draftday-fantasy-sports-inc-nasdaqdday
Robert F. X. Sillerman at DDAY (news friday)
News on Friday that Sillerman is at DDAY. $10M market cap. He's the guy behind the early 1,000%+ rallies of GWAY (FNCX), CKXE, SFXE, others.
http://www.forbes.com/sites/steveschaefer/2011/02/08/ckx-founder-sillerman-gives-penny-stock-monumental-pop/
"Nothing like a 30,000% gain to brighten up your day. That’s what happened to Gateway Industries on Tuesday, after entrepreneur Robert F. X. Sillerman revealed..."
Check newsfeed for DDAY news from Friday.
Robert F. X. Sillerman at DDAY (news friday)
News on Friday that Sillerman is at DDAY. $10M market cap. He's the guy behind the early 1,000%+ rallies of GWAY (FNCX), CKXE, SFXE, others.
http://www.forbes.com/sites/steveschaefer/2011/02/08/ckx-founder-sillerman-gives-penny-stock-monumental-pop/
Check newsfeed for DDAY.
MGT Capital's former DraftDay now under Robert Sillerman
MGT formerly owned DraftDay, which is now under Sillerman. Sillerman regularly pops stocks 100% to 1,000%... watch out.
LiveNation Billionaire Robert Sillerman at DraftDay (DDAY)
NEWS: Billionaire Robert F. X. Sillerman, an entrepreneur who has founded companies worth over $6 billion to date, is at work at DraftDay Fantasy Sports (DDAY). He is CEO of DDAY.
Sillerman was responsible for a 9,000% rally of Sports Entertainment Enterprises in 2004 and a 30,000% rally of Gateway Industries in 2011.
ARTICLE FROM FRIDAY BY WALL STREET JOURNAL:
http://www.wsj.com/articles/draftday-fantasy-sports-grabs-rant-1461967912
NEWS FRIDAY:
DraftDay Fantasy Sports acquires Rant, Inc. (RantSports.com) for $5M in cash
"15 million fans on their Facebook pages and generate up to 300 million video views per month"
NEWS LAST WEEK:
DDAY Acquires Rant, Inc. to Become a Leading Social Publisher
Personal net worth of $975 million according to Forbes today (probably higher).
Sillerman was an early investor in American Idol, Elvis Presley's estate, Muhammad Ali Enterprises and is majority shareholder of some of the world's largest music festivals including TomorrowLand, TomorrowWorld, Sensation, Stereosonic and Electric Zoo. Sillerman made his early fortune selling TV/radio stations in the 1980s and '90s. He landed a $400 million buyout from Westinghouse in 1989. Next, he combined multiple concert promoters into a single company which he sold to Clear Channel and which later morphed into Live Nation, a household name.
Sillerman was responsible for a 9,000% rally of Sports Entertainment Enterprises in 2004 and a 30,000% rally of Gateway Industries in 2011.
http://www.forbes.com/sites/steveschaefer/2011/02/08/ckx-founder-sillerman-gives-penny-stock-monumental-pop/
Robert Sillerman's new company: DDAY. News friday...
SFX Entertainment Billionaire Robert Sillerman at DraftDay (DDAY). He is CEO of DDAY.
Sillerman was responsible for a 9,000% rally of Sports Entertainment Enterprises in 2004 and a 30,000% rally of Gateway Industries in 2011.
LiveNation Billionaire Robert Sillerman at DraftDay (DDAY)
NEWS JUST ANNOUNCED! Billionaire Robert F. X. Sillerman, an entrepreneur who has founded companies worth over $6 billion to date, is at work at DraftDay Fantasy Sports (DDAY). He is CEO of DDAY.
Sillerman was responsible for a 9,000% rally of Sports Entertainment Enterprises in 2004 and a 30,000% rally of Gateway Industries in 2011.
ARTICLE FROM FRIDAY BY WALL STREET JOURNAL:
http://www.wsj.com/articles/draftday-fantasy-sports-grabs-rant-1461967912
NEWS FRIDAY:
DraftDay Fantasy Sports acquires Rant, Inc. (RantSports.com) for $5M in cash
"15 million fans on their Facebook pages and generate up to 300 million video views per month"
NEWS LAST WEEK:
DDAY Acquires Rant, Inc. to Become a Leading Social Publisher
Personal net worth of $975 million according to Forbes today (probably higher).
Sillerman was an early investor in American Idol, Elvis Presley's estate, Muhammad Ali Enterprises and is majority shareholder of some of the world's largest music festivals including TomorrowLand, TomorrowWorld, Sensation, Stereosonic and Electric Zoo. Sillerman made his early fortune selling TV/radio stations in the 1980s and '90s. He landed a $400 million buyout from Westinghouse in 1989. Next, he combined multiple concert promoters into a single company which he sold to Clear Channel and which later morphed into Live Nation, a household name.
Sillerman was responsible for a 9,000% rally of Sports Entertainment Enterprises in 2004 and a 30,000% rally of Gateway Industries in 2011.
http://www.forbes.com/sites/steveschaefer/2011/02/08/ckx-founder-sillerman-gives-penny-stock-monumental-pop/
WSJ article about Dr. Frost play DRNE
WALL STREET JOURNAL ARTICLE ABOUT DRONE AVIATION (DRNE)
http://www.wsj.com/articles/some-drones-are-put-on-a-leash-1438557495?mod=pls_whats_news_us_business_f
Wow! Wow! WSJ article about DRNE! Unbelievable! Wall Street Journal!
WALL STREET JOURNAL ARTICLE ABOUT DRONE AVIATION (DRNE)
http://www.wsj.com/articles/some-drones-are-put-on-a-leash-1438557495?mod=pls_whats_news_us_business_f
Wow! Wow! WSJ article about DRNE! Unbelievable! Wall Street Journal!
Article: Insider Buying At Pershing Gold Speaks Volumes About Relief Canyon Economics
New article published to GuruFocus, "Insider Buying At Pershing Gold Speaks Volumes About Relief Canyon Economics"
Discusses why investors at Pershing Gold keep buying (why Dr. Frost bought 25,000 shares this past week alone, why directors of the company have bought hundreds of thousands of shares in the open market).
"This is an unusual amount of insider buying. The story of how the company got to where it is today may help explain why these insiders are so pleased with the progress of the company..."
http://www.gurufocus.com/news/349287/insider-buying-at-pershing-gold-speaks-volumes-about-relief-canyon-economics
Where's the new board for NASDAQ PGLC?
Can't find the new Pershing Gold board, keep getting directed to PGLCD...
By the way, from just this week alone, filings say Dr. Frost bought 25,000 shares on the open market at $4.03 per share.
Also, Director Honig bought 65,000 shares on the open market at $3.87,
5,000 shares at $4.39,
10,000 at $4.67, and
5,000 at $4.80.
Also, H.C. Wainwright assumed coverage of PGLC with a Buy rating and a 12-month price target of $8.80 per share.
Nothing but positive news and insider buying here.
What the bottom feeders don't understand is
...that DRNE works with U.S. government agencies, so its discussions are confidential. Management is not going to forecast anything or mention any orders before they're finalized. This means that DRNE could literally announce a $100M contract tomorrow without warning. Note to all bottom feeders: DRNE's revenue to date is merely from test orders. Once REAL orders come in, they will arrive in the hundreds of units (tens or hundreds of millions of dollars). Good luck being short when that surprise, no warning press release comes out at 8:00am some day soon...
11% higher in three hours after BAESY news
Nice move today in just a couple hours. Long term this will hold and gains here in the first inning will pale in comparison. DRNE is going to keep getting U.S. government orders and making prime contractors happy. There are billions of dollars in tethered drones. This is a huge market and DRNE makes and services the best tethered drones in the world.
Dr. Frost quote today about his old pal
Noticing the quote today from our Cocrystal Pharma leader Dr. Frost about his old pal from his Northrop Grumman (NYSE: NOC) days, the $30B+ defense contractor. I guess this guy Jay Nussbaum used to work with him there, and Nussbaum has joined back up with Dr. Frost at Dr. Frost's sole drone investment, Drone Aviation Corp (DRNE). As we all know, Dr. Frost is a prolific investor, worked a nice 200% gain for us here at Cocrystal Pharma, but he also serves on the board of several other companies, including Drone Aviation Corp. This was a nice quote:
"I'm pleased that Jay has accepted the role of Chairman of the Board, a position in which he can apply his talents and provide invaluable leadership to management while assisting in the future growth and expansion of the business, thanks to the many relationships he has developed over the course of his accomplished career," said Dr. Phillip Frost. "Having known Jay since we served together on the board of Northrop Grumman, I have complete confidence in his ability to help Drone Aviation navigate the many intricacies of the government, military and commercial sectors."
http://finance.yahoo.com/news/jay-h-nussbaum-appointed-chairman-123000646.html
Dr. Frost quote today about pal from NOC
Noticing the quote today from our Opko Health CEO Dr. Frost about his old pal from his Northrop Grumman (NYSE: NOC) days, the $30B+ defense contractor. Jay Nussbaum used to work with him there, and Nussbaum has joined back up with Dr. Frost at Dr. Frost's sole drone investment, Drone Aviation Corp (DRNE). As we all know, Dr. Frost is a prolific investor, mostly through Opko Health as his biggest holding company, but he also serves on the board of several other companies, including Drone Aviation Corp. This was a nice quote:
"I'm pleased that Jay has accepted the role of Chairman of the Board, a position in which he can apply his talents and provide invaluable leadership to management while assisting in the future growth and expansion of the business, thanks to the many relationships he has developed over the course of his accomplished career," said Dr. Phillip Frost. "Having known Jay since we served together on the board of Northrop Grumman, I have complete confidence in his ability to help Drone Aviation navigate the many intricacies of the government, military and commercial sectors."
http://finance.yahoo.com/news/jay-h-nussbaum-appointed-chairman-123000646.html
Incredible news. Nussbaum Notice the key quote from Dr. Frost: "Having known Jay since we served together on the board of Northrop Grumman" (NYSE: NOC) just a $30 BILLION DOLLAR company
ARTICLE: Small Cap Guru Reveals A 9.9% Position In Ruthigen Inc. (RTGN)
Small-cap company Ruthigen Inc (RTGN) has hit our radar this week with the announcement of a significant new shareholder.
...leading Interclick to a $270 million buyout from Yahoo! (YHOO) in 2011...
Article refers to SEC Form 13G posted yesterday, new 9.9% stake by very shareholder-friendly, activist institutional investor.
http://www.sec.gov/Archives/edgar/data/1574235/000141588915001951/0001415889-15-001951-index.htm
Activist investor takes 9.9% stake in Ruthigen
Statement of acquisition of beneficial ownership
9.9%
Just posted!
http://www.sec.gov/Archives/edgar/data/1574235/000141588915001951/0001415889-15-001951-index.htm
Also, that institutional $9M raise is now ABOVE market
Buying below $2.50/share means that you are getting equity at a cheaper valuation than institutional investors. Just by the way.
ARTICLE: Tracking Guru Robert Sillerman
Good background article on Robert Sillerman, and what he seems to be planning to do next after SFXE goes private.
http://www.gurufocus.com/news/337226/tracking-guru-robert-sillerman-at-his-latest-venture-viggle-inc-nasdaqvggl
ARTICLE: Tracking Guru Robert Sillerman At His Latest Venture, Viggle Inc
Robert F.X. Sillerman, an entrepreneur who has founded companies worth over $6 billion to date, is at work again as CEO of Viggle Inc (VGGL). With a personal net worth of approximately $1 billion, Sillerman was an early investor in American Idol, Elvis Presley's estate, Muhammad Ali...
http://www.gurufocus.com/news/337226/tracking-guru-robert-sillerman-at-his-latest-venture-viggle-inc-nasdaqvggl
The Sillerman F X ("SFX") saga continues.
New article on Phillip Frost Play DRNE
New Guru Focus article on Dr. Phillip Frost's investment Drone Aviation (DRNE).
CNN To Use Drone Aviation Holding's (OTCMKTS:DRNE) Products For FAA Research
New article: CNN To Use Drone Aviation Holding's Products For FAA Research
New article published overnight on Guru Focus...
CNN To Use Drone Aviation Holding's (OTCMKTS:DRNE) Products For FAA Research
One of the most followed gurus on this site, Dr. Phillip Frost's connections are paying off again. His biggest drone investment, Drone Aviation Holding Corp. (DRNE), received a big nod of approval yesterday. Mega TV network CNN is going to buy and use its just-launched drone model for a new FAA program.
On May 6, 2015, Administrator of the U.S. Federal Aviation Administration ("FAA") Michael Huerta selected CNN and two other companies for the FAA's brand new "Pathfinder" program. Speaking in Atlanta at the Unmanned Aircraft Systems Pathfinder Program Announcement Press Conference, Huerta explained that CNN "will be researching how visual line-of-sight operations might be used for newsgathering in urban areas." The FAA selected only two other companies for the program: Warren Buffett (Trades, Portfolio)'s BNSF Railroad and drone manufacturer PrecisionHawk.
...
As one of the only publicly-traded drone companies, Drone Aviation Holding Corp is a unique way for GuruFocus.com readers to watch a billionaire's investment specifically inside the drone sector. CNN's new purchase order and potential endorsement of the WATT-200 certainly is something that Dr. Frost will be following with great interest.
...
full article link
E-tobacco is ONLY growing sector in tobacco industry
Every other area of the tobacco industry is shrinking except e-smoking products. VPCO positioned in the right sector. Also the only company on a major exchange that's 100% focused on e-tobacco. 20 new stores this year per CEO forecast. Best is yet to come in Q3-Q4 2015 IMO.
Pershing Gold plans to complete approximately 100 additional core holes at Relief Canyon in 2015.
"Over the past few years our exploration team has had extraordinary success expanding the resource at Relief Canyon, from a measured and indicated ("M&I") resource of 113,000 ounces with 42,000 inferred ounces in August of 2011 when the Company acquired Relief Canyon, to our 2014 M&I resource estimate of 552,000 ounces with 165,000 inferred ounces. This represents a more than 450% increase in the resource in a few short years."
Brand new Dr. Frost investment this morning 8K
Check out Dr. Frost's latest investment, posted around 7:30am today.
"On May 6, 2015, OPKO Health, Inc. (“OPKO”), a multi-national biopharmaceutical and diagnostics company, agreed to participate in the Offering. Dr. Phillip Frost and Steve Rubin, who are members of the Company’s Board of Directors, are the Chief Executive Officer and Chairman and Executive Vice President-Administration of OPKO, respectively."
SEC Form 8-K here --- >
http://www.sec.gov/Archives/edgar/data/1035354/000114420415028099/v409746_8k.htm
New Dr. Frost investment announced just minutes ago
Check out Dr. Frost's new investment 8K'd just a few minutes ago.
Good morning! Early bird gets the worm! Wakey wakey! Already bidding $1.09 and it's not even 8:00am yet!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113427017
BILLIONAIRE DR. FROST INVESTS IN SEVION
Dr. Phillip Frost and Steve Rubin's OPKO HEALTH (OPK) are now investors in SVON with warrants at $1.50 per share! SEC Form 8K filed this morning.
"The net offering proceeds to the Company are expected to be approximately $1,512,226." (That's 10% of the current market cap of SVON by the way.)
"On May 6, 2015, OPKO Health, Inc. (“OPKO”), a multi-national biopharmaceutical and diagnostics company, agreed to participate in the Offering. Dr. Phillip Frost and Steve Rubin, who are members of the Company’s Board of Directors, are the Chief Executive Officer and Chairman and Executive Vice President-Administration of OPKO, respectively."
Read more:
http://www.sec.gov/Archives/edgar/data/1035354/000114420415028099/v409746_8k.htm
BOOM BOOM go Sevion Therapeutics, time to rock n roll, this stock will have a ton of action going forward now that Opko is involved. Check the chart of COCP (+200%) to see what Dr. Frost can do with small market cap stocks like SVON.
CEO: Up to 30 New Locations THIS YEAR
Did you catch the CEO shareholder letter saying he plans to open 20-30 new locations THIS YEAR? That will be a huge boost to revenue numbers, maybe even in the thousands of percent.
They only have maybe a half dozen locations right now? THIRTY by year end??
Pershing Gold Receives Extra $2.4M
SEC Form 4 filing today shows that Pershing Gold PGLC received an extra $2.4 million cash from its private placement at $0.32/share! Director Barry Honig purchased an additional 7,692,307 shares in the private placement.
http://www.sec.gov/Archives/edgar/data/1373203/000114420415023268/xslF345X03/v407507_4.xml
Personally I like that the private placement is happening at prices so favorable to shareholders. Most other gold companies would be firesale slashing their private placements at 50-80% lower than the market price. Pershing Gold is selling institutional private placements basically AT MARKET. This is a huge vote of confidence for common stock shareholders. These prices are reasonable and supported by extremely wealthy, sophisticated investors.
Also, Pershing Gold gets another $2.4 million in cash.Extremely well-led company, Alfers knows how to run a gold company and work with investors, top class.
Especially at $48. IPO was $17 REMEMBER
Ditto here. Dr. Frost knows what he's doing.
Better alternatives than paying 150% one day later
So at this point, you can either agree that this company is worth 150% more than it was yesterday, even though it hasn't changed whatsoever as a company, or you could look for alternatives.
Hint: Paying an extra 150% the day after an IPO is a losing strategy since 1999, learn your history lesson.
Wait. I'm following Dr. Frost into a similar company in the same space, MBVX, but even if you want to stick with Aduro then you should look into the relationship it has with other companies and Adam Feuerstein's recent commentary which is very enlightening re: another public company in this space.
Another IPO same space at $41 from $17
Check out another IPO from yesterday that was priced at $17, Aduro (ADRO). It's trading at $42.17 today! Unreal. Only a matter of time before investors discover that MabVax (MBVX) is the much cheaper and better option in this space, especially with the backing of Dr. Frost and the partnership with JUNO.
Agreed, world's largest company for a reason. Oh and they don't depend on the price of a commodity either F U EXXON
MBVX if you've been under a rock $MBVX
Holding up consistently in high $0.30s from high $0.20s. Can't deny the numbers they're putting out. On track for $23MM revenue this year or more. Stock still cheap and tons of insider ownership.