Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This SGGM was a CLASSIC SterlingVC”++*NS pump and dump promoted SCAM
A Sterling scam for the decade, unfortunately one of only many of Mr. Eloquent’s SCAMS
Anyone else get an e-mail from eturd wanting to remove their SGGM shares because there is no transfer agent to get certs and non transferable per DTC? PREM
If they get a transfer agent they will try to every effect to get my shares back.
Wyn
SGGM and USCA of "Regulation SHO Pilot Security List" for 15.Okt
http://www.nasdaqtrader.com/aspx/regshopilotlist.aspx
and then see to her this link:
# FTP Availability ftp://ftp.nasdaqtrader.com/regshopilotlist including archive of historical pilot list files.
Capten from Cologne
Whispers of Mergers Set Off Bouts of Suspicious Trading
By GRETCHEN MORGENSON
August 27, 2006
The boom in corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem.
It is against the law to trade on inside information about an imminent merger, of course.
But an analysis of the nation’s biggest mergers over the last 12 months indicates that the securities of 41 percent of the companies receiving buyout bids exhibited abnormal and suspicious trading in the days and weeks before those deals became public. For those who bought shares during these periods of unusual trading, quick gains of as much as 40 percent were possible.
The study, conducted for The New York Times by Measuredmarkets Inc., an analytical research firm in Toronto, scrutinized mergers with a value of $1 billion or more that were announced in the 12-month period that ended in early July. The firm analyzed the price, the total number of shares traded and the number of individual trades in each stock during the weeks leading up to the announcement and looked for large deviations from trading patterns going back as far as four years.
Although any number of factors can lead to spikes in trading, deviations of the kind observed by Measuredmarkets are among the data used by regulators to spot insider trading. Of the 90 big mergers in the period, shares of 37 target companies exhibited abnormal trading in the days and weeks before the deals were disclosed.
Christopher K. Thomas, a former analyst and stockbroker who founded Measuredmarkets in 1997, said that his company’s analysis led to the conclusion that the aberrant activities most likely involved insider trading. Measuredmarkets provides examples of unusual trading to institutions, individuals and a regulatory organization in Canada.
It is always possible that a company’s stock moves because of developments in a particular industry or business sector, or because a prominent newsletter, columnist or blogger has written something that could prompt investors to take action. But in the companies that were analyzed, no such influences seemed to be at work. The companies were not the subject of widely dispersed merger commentary during the periods of abnormal trading, nor did they make any announcements that would seem to explain the moves.
The analysis by The New York Times found that, in a handful of the mergers, significant progress toward a deal was being made on the days unusual trading occurred. For example, the day that four bidders were putting together buyout offers for Amegy Bancorp, a Houston bank company, trading in its stock quadrupled.
Attempts to quantify the amount of potential insider activity in deals have come up short in the past, in part because the regulators with access to detailed information do not release it. The Securities and Exchange Commission does not disclose, for example, the percentage of referrals it receives from exchanges that wind up as cases.
The S.E.C. would not comment on the study but said that it had looked at Measuredmarkets’ system and concluded that surveillance techniques of self-regulatory organizations like the New York Stock Exchange were more sophisticated.
Securities regulators, traders and academics agree that merger waves lead to more illicit trading on nonpublic information. In Britain, regulators have made insider trading a primary focus and have shifted their scrutiny to brokerage firms and institutional investors, rather than individuals, involved in mergers.
Like Measuredmarkets, the Financial Services Authority in British has found a pattern of stock trading ahead of mergers. In 2004, 29 percent of companies involved in mergers experienced abnormal trading before public announcements, according to a March 2006 study of large British companies subject to takeovers. In 2001, the comparable figure was 21 percent.
The British study compared the stocks’ price movements with previous returns, adjusted for overall market moves. The comparison period was 240 trading days, ending 10 days before the merger announcement.
In this country, the S.E.C. has focused more on individuals than on institutions in its investigations. And even though merger activity has rocketed in recent years, the number of its cases involving insider trading has held in a range of 40 to 59 annually since 2000, the S.E.C. said.
Some economists and academics assert that insider trading is essentially a victimless crime and therefore not worth deploying regulatory armies to battle. But there are losers, including small investors who miss out on gains, when such trading moves markets.
Moreover, many investors are troubled by what they now see as rampant insider trading, saying it fosters the perception that insiders can profit in the markets at the expense of outsiders.
“Martha Stewart got hurt very badly for something that happens every single day on Wall Street,” said Herbert A. Denton, president of Providence Capital, a money manager and an adviser to minority shareholders. “It’s a falseness and a hollowness to the capitalist system when you are pretending that things are pristine and they are not. Either the S.E.C. should get very, very serious and prosecute a lot of people or forget about it.”
Although Ms. Stewart was investigated for insider trading, she was found guilty of other related charges.
The S.E.C.’s handling of one insider-trading investigation is the subject of scrutiny by Congress after the firing last September of Gary J. Aguirre, a former staff attorney at the agency. Mr. Aguirre contends that his investigation into possible insider trading by Pequot Capital Management, a prominent hedge fund, was thwarted for political reasons by his superiors. He was fired after complaining, even though he had just received a merit pay increase.
Mergers and acquisitions present particularly rich opportunities for profiting on insider information, a violation of the securities laws written to keep all investors on a level playing field. That is why all those involved in corporate unions, from law firms to investment banks to those in between like printers, are supposed to keep quiet during the process.
Officials from the nation’s top securities regulators met on Aug. 18 to discuss emerging trends in insider trading, said Joseph J. Cella, chief of the office of market surveillance at the S.E.C. “We are certainly cognizant of the uptick in merger-and-acquisition activity,” he said.
The companies identified by Measuredmarkets represented many industries and received bids not only from corporate rivals, but also from private investor groups and management-led buyout teams. They included Amegy Bancorp, the subject of a $1.7 billion takeover announced last September by Zions Bancorp, the large Utah bank; CarrAmerica Realty, a real estate investment trust acquired for $5.6 billion by the private investment company Blackstone Group after a March announcement; Dex Media, a directory publisher whose $9.5 billion purchase by the R. H. Donnelley Corporation was disclosed in October; the IDX Systems Corporation, a health care systems company whose $1.2 billion acquisition by General Electric was announced in September; and Texas Regional Bancshares, which the Argentinian bank BBVA said it would acquire in June for nearly $2.2 billion.
In each of the five cases, the abnormal trading occurred during periods of significant behind-the-scenes progress in the mergers, as outlined by the companies themselves in regulatory filings long after the deals were struck.
In the Amegy bank deal, the volume of shares traded more than quadrupled on a day when four of the bank’s bidders were analyzing its financial records and preparing offers. Volume jumped in CarrAmerica’s shares on Feb. 17, the day the real estate investment trust struck a confidentiality agreement with a potential bidder and Goldman Sachs began providing the bidder with an analysis of CarrAmerica’s books.
Trading in Dex Media increased sharply last Sept. 14, the day that management, legal teams and financial advisers representing the company and Donnelley met. And the price and the number of shares traded in IDX jumped on Sept. 7, when its chief executive and a G.E. executive talked and G.E. agreed to increase its bid by 5 percent.
Officials at the companies said that they were unaware of unusual trading in advance of the deals and declined to speculate on reasons for the action.
Measuredmarkets has no way to identify who might have been behind the anomalous trading. But a few of the deals that it flagged are already under scrutiny by regulators.
In June, for example, the S.E.C. froze $1 million in trading gains of South American investors who profited on the June 12 buyout announcement of the Maverick Tube Corporation, an oil equipment maker, by Tenaris SA, a steel company with headquarters in Luxembourg. Anadarko Petroleum’s June bid for the Kerr-McGee Corporation, a smaller rival, is also being investigated, according to a July 13 report in The Houston Chronicle; the transaction closed in August. The S.E.C., following its usual practice, declined to comment on the report.
The takeover crowd includes corporations, management-led buyout teams as well as private equity firms, which represent wealthy private investors. Companies’ directors are reaching out to many potential bidders these days to ensure shareholders get the best price. In the process, they are expanding the number of people with knowledge of the deals.
Still, it is undeniable that brokerage firms, with their varied businesses all under one roof, remain particularly well-positioned to capitalize on inside information. Not only do these firms advise buyers and sellers in mergers, giving them immense access, they also have proprietary trading desks that invest the firm’s money in stocks and other securities, money management units that invest for clients and trading desks that profit mightily by executing trades for hedge funds.
Brokerage firms contend that barriers within their operations keep deal information from seeping out. But regulators at the Financial Services Authority in Britain are challenging these assertions.
In a July 7 speech, Hector Sants, managing director of wholesale and institutional markets at the F.S.A., described why his focus was shifting to institutions. “Our spotlight will shine in particular on relationships between investment banks and their clients,” he said, “because we believe the risk of market abuse is highest where a client can be made an insider on a forthcoming deal.”
The fast and furious pace of deals this year is increasing the opportunities for mischief. In each of the last three months, according to Thomson Financial, the value of announced mergers has exceeded $100 billion — the longest stretch of such volume since 2000.
Although the number of deals in the first seven months of this year slipped to 685 from 763 in the same period in 2005, the dollar amount of transactions rose 31 percent in that time, Thomson Financial said.
Regulators on the front lines also seem to be spotting more irregularities. Officials in the market surveillance unit of New York Stock Exchange Regulation Inc. have made more referrals to the S.E.C. this year than they did in the comparable period last year. As of last month, those regulators had referred 76 cases for possible investigation, up from 60 a year earlier. In 2005, the surveillance unit referred 111 cases, 63 percent more than the previous year.
The number of insider-trading cases filed by the S.E.C., though, has been relatively static. Walter G. Ricciardi, deputy director of enforcement at the S.E.C., said that 9 percent of the cases filed by the commission since Feb. 1 have been based on insider trading, which can encompass merger or any other news that would affect a company’s market price. On a percentage basis, the cases have ranged from 7 percent to 12 percent of the agency’s total since 2000.
“The yield is less probably than in comparable areas,” Mr. Ricciardi explained of insider-trading inquiries. “A lot of times the trading may look like something crazy, but you’ve got to have evidence.”
Recent cases have centered on some relatively small players. In late December, for example, the S.E.C. sued Gary D. Herwitz, an accountant, and Tracey A. Stanyer, an executive vice president at Sirius Satellite Radio, for trading ahead of news in late 2004 that Sirius was going to award a $500 million contract to Howard Stern, a radio show host.
Each settled with the S.E.C., without admitting or denying wrongdoing. Mr. Herwitz paid $52,000. Mr. Stanyer paid $35,000 and was barred from serving as officer or director of a public company. Mr. Herwitz pleaded guilty to insider trading in federal court in Brooklyn and was sentenced to two years’ probation and a $20,000 fine earlier this year.
In May, the S.E.C. sued Jason Smith, a letter carrier in New Jersey, contending he leaked grand jury information to a 14-person ring that included low-level employees of Merrill Lynch and Goldman Sachs, a worker for a printing company and a retired seamstress in Croatia. Regulators say that scheme generated $6.7 million in profits.
What about cases involving larger or more sophisticated investors? “We certainly see institutional-type accounts that have come into the market with extraordinarily good timing on a repeat basis; we have investigated those,” said Mr. Cella of the S.E.C. “But to get the evidence to prove a violation of the statute under which we allege insider trading is difficult.”
And that is true whether the case involves individuals or institutions.
The British securities regulator, for its part, has cited the possibility of hedge funds profiting on insider information as a foremost concern. David Cliffe, a press officer at the F.S.A., said that hedge funds must be keenly watched because they have extensive and close relationships with investment banks that are in a position to provide nonpublic information in exchange for lucrative trading commissions.
Spotting abnormal trading is far simpler than bringing a successful insider-trading prosecution, as Mr. Cella of the S.E.C. noted. Still, the trading anomalies identified by Measuredmarkets are intriguing.
Consider Koch Industries’ bid for Georgia-Pacific on Nov. 13. Senior officials of the companies first met to discuss a merger on Oct. 5. Koch Industries proposed to limit its purchase to certain Georgia-Pacific assets after the company, which makes forest products, had spun off other businesses to the public. Subsequent company filings noted that Danny W. Huff, Georgia-Pacific’s chief financial officer, told Koch officials on Oct. 7 that such a deal would “probably not” be acceptable to his company’s board.
Merger talks continued through October and into November. Both sides conducted corporate analyses — known as due diligence — from Nov. 8-11. Koch Industries’ board voted to approve a bid on Nov. 10.
That day, volume in Georgia-Pacific shares jumped 37 percent above its 2005 average and the number of trades in the stock rose significantly as well, Measuredmarkets found. On Friday, Nov. 11, volume increased yet 66 percent more from the previous day’s high level. Georgia-Pacific shares rose 5.5 percent over the period. The company made no announcements either day, and the overall market rose 1.3 percent over the two days.
On Sunday, Nov. 13, Koch Industries announced that it would pay $21 billion for Georgia-Pacific, or $48 a share, a 39 percent premium to the closing price the previous Friday. Anyone who bought Georgia-Pacific shares on either Nov. 10 or Nov. 11 stood to gain 40 percent in just a few days.
A spokeswoman for Koch Industries did not return phone calls seeking comment.
Another case in point is the surprise merger, announced May 7, between the Wachovia Corporation, a bank holding company based in North Carolina, and Golden West Financial, a West Coast savings and loan. This time the unusual trading showed up both in the stock of Golden West Financial and in its call options.
Traders buy call options, giving them the right to purchase shares of the underlying company at a set price within a specified period, when they expect the stock to rise. Options provide the potential for a sharp profit because each option represents 100 shares.
On May 3, the number of Golden West’s call options that changed hands was triple the daily average. Subsequent filings show that was the day Wachovia’s board met to review a possible acquisition of Golden West and the day after Golden West’s board met to weigh the bid.
Officials at Wachovia and Golden West said they did not know why the volume rose.
The probability of detection appears small, based on the number of cases brought in the United States, and the penalty for insider trading is often a negotiated settlement that may not involve much more than giving up the gains.
An example is the S.E.C.’s conclusion of a case in 2004 with an employee of Fleet Boston. The employee, the S.E.C. said, made $473,000 by trading on knowledge of the bank’s buyout by Bank of America. The commission exacted $525,000 in a settlement, which included his profits, prejudgment interest of $1,576.67 and a civil penalty of $51,842.36.
The penalty portion of such settlements, Mr. Ricciardi said, typically equals the illegal profits. The Insider Trading Sanctions Act of 1984 allows for a penalty of up to three times those profits.
The S.E.C. dispenses a reward, up to 10 percent of the penalties, Mr. Ricciardi said, to tipsters whose information leads to a successful case.
When stocks gyrate because nonpublic information about deals has leaked out, many people are harmed. The most affected are those who sell shares in the company before it is taken over at a significant premium. An investor who sold Georgia-Pacific shares on Nov. 9, just before the unusual trading, missed a 46 percent gain. Those who sold the Andrx Corporation, just before unusual trading began last February missed, a 36 percent gain.
Others also lose. The company that makes the acquisition, for example, may wind up paying more. Investment advisers typically include a company’s target share price and total market capitalization in the analysis of what an acquirer should be willing to pay. If a stock rises in the days or weeks during negotiations, the purchase price could be driven higher. A rising price could even scuttle a merger if the deal becomes too costly to the prospective buyer.
Jenny Anderson contributed reporting for this article, and Donna Anderson contributed research.
Ref: http://www.nytimes.com/2006/08/27/business/27deals.html?ei=5065&en=5701a5f4e5b0ed15&ex=11572...
well... that depends on the administrator.
this board is far different than rb and is private... unlike rb which is owned by lycos a publicly traded company... they are more stringent.
however, what point would it be to hang around once this is gone?
I guess we can dump this board as well.
Here is the Order of Finality for SGGM and CMKX
http://www.sec.gov/litigation/aljdec/34-52695.pdf
http://www.sec.gov/litigation/aljdec/34-52694.pdf
Suspension over tonite. Now, wonder what might happen on Monday???
St. George Metals Slapped...SEC Halt Analysis
http://www.antandsons.com/blogger.html
TIME FOR SOME REAL INFO !!!!!
Sure is nice to see this stock go up 11% yesterday.
St. George Metals Announces Signing of Letter of Intent to Acquire Uranium Properties Valued at Over $200 Million on Retail Market
LAS VEGAS, May 25, 2005 /PRNewswire-FirstCall via COMTEX/ --
St. George Metals (Pink Sheets: SGGM), is pleased to announce that it has entered into a Letter of Intent to acquire all of the uranium properties owned by Mineral Energy and Technology Corporation ("MET").
SGGM has agreed to purchase, and MET has agreed to sell, all its uranium properties (as described in MET's recent Form 10-KSB). These properties consist of 33 unpatented lode mining claims in New Mexico, known as the Rio Puerco uranium mine, 10 unpatented lode mining claims in Nevada, known as the Apex uranium mine, and 29 unpatented lode mining claims in Nevada, known as the Lowboy uranium mine, and any and all future uranium unpatented lode mine claims MET may be successful in acquiring.
William Haseltine, President of SGGM, stated, "This Letter of Intent with Mineral Energy and Technology adds tremendous value to our shareholders. We are pleased to enter this due diligence period with MET, and hope to finalize this deal within 45 days".
Karl F. Meyers, President of MET, added, "We have been looking for the right partner for our company and are pleased that we have a working partner that can help us develop and produce this very lucrative uranium opportunity. We have proven uranium reserves of over 7 million pounds. Once produced, these reserves will, at the current uranium spot price of US$29, have a market value of approximately US$200,000,000."
These uranium reserves are well documented, and have been reviewed by many qualified individuals, including Mr. Samuel E. Sapper, MSC, DIC, a graduate of the College of Science, University of Baghdad and the Royal School of Mines, Imperial College of Science in London. Mr. Sapper, a highly experienced and qualified Geophysicists, has represented major companies such as Inco, Falconbridge, and Geneva Pacific and has made significant mineral discoveries worldwide. He was one of the first geologists to report Kimberlitic Pipes in the Northwest Territories of Canada.
For more information on the Uranium Mining Claims please go to: Form 10-KSB filed by Mineral Energy and Technology Corporation on December 7, 2004, at www.sec.gov .
Forward Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE St. George Metals
William Haseltine of St. George Minerals, +1-703-276-1919; or Karl F. Meyers of
Mineral Energy and Technology Corporation, +1-505-975-4888
http://www.prnewswire.com
--------------------------------------------------------------------------------
Good news out today on SGGM and the stock is down 25%! Not sure how much more good news I can stand!
By: veritas-lux-iustitia
10 May 2005, 11:54 AM EDT
Msg. 1854 of 1905
Jump to msg. #
I see hazeltine gave sharon wonderful today's instructions to try and scroll negative information off the screen. Won't work:
Rod-re your post on SGGM-I don't name sources because they get deluged with hysterical phone calls from the sheep. However, my DEQ source was quite specific as to the status of the "mine" and its upcoming reclaimation by the DEQ/US Forrest Service.
As far as the claim itself, the BLM in Billings sent me the following e-mail:
Here's what we found out.
The mining claims were foreclosed on and sold as part of a sheriff's sale
on March 1, 2002. They are considered active because their annual
maintenance fees are being paid to BLM. That does not mean, however, that
active mining is taking place. You'll need to find out if any activity is
occurring from the Bitterroot National Forest, where the claims are
located. You may have already taken that step.
The owners of the mining claims are listed as Sammy and Fahima Samani, of
North Arlington, New Jersey. From the records we have here, it is not
possible to say if Nevada Vermiculite is involved in any way with the
claims.
I hope that helps.
Samani was affiliated with the Stansbury Holdings promotion of this "mine," not Nevada Vermiculite LLC.
Here are the claim coordinates:
sections 19,21,24, T6N, R18W and 19W
I also sent todays PR to my DEQ contact with a request for comment. And of course all my information is going to my SEC contact.
SGGM and Nevada Vermiculite Announce the Potential of the Montana Mining Claims, with Background and Information
LAS VEGAS, May 6, 2005 /PRNewswire-FirstCall via COMTEX/ --
St. George Metals, Inc. (Pink Sheets: SGGM), and Nevada Vermiculite, LLC ("NVLLC") announce an educational guide to NVLLC's Montana mines and its claims thereto. Bill Blomgren, President of Nevada Vermiculite states, "Vermiculite is an industrial mineral that is widely used in a number of products and applications. The United States traditionally has been the largest consumer of vermiculite and until the early 1990's was the world's largest producer of the mineral. There is a demand for premium sized vermiculite within the U.S. as well as around the world today."
The scarcity of premium sized vermiculite concentrates and the absence of a source of vermiculite in the Western United States forms the basis of a significant business opportunity. The deposit of vermiculite ore located at Skalkaho Mountain, near Hamilton, Montana, contains a large amount of recoverable vermiculite that can be processed into vermiculite concentrate projects in all commonly used size ranges. Skalkaho Mountain vermiculite ore contains no asbestos or deleterious impurities.
NVLLC is the priority owner of the claims associated with the Skalkaho Mountain (Hamilton) project. NVLCC is merging into St. George Metals.
William Haseltine, President of SGGM, states "We couldn't be more thrilled than to have the partners we will have with Nevada Vermiculite upon closing of this transaction, and to both assess and mine the powerful vermiculite opportunity we have right before us. Below, we've laid out an information structure for both our current and future shareholders."
Location and Geology
NVLLC's deposits are located on 96 unpatented lode and mill site mining claims. The claims cover some 1,750 acres and are 10 air miles due east of Hamilton, Montana on the western flank of Skalkaho Mountain. Access to the property and shipment of processed vermiculite is via an all-weather road, 26 miles to Victor Crossing, Montana, where an office and loading area is located next to a line of the Montana Raillink Railroad. The claims are situated at elevations around 7,000 feet above sea level within the Bitterroot National Forest near the crest of the south end of the Sapphire Mountains.
Ore Reserves
The most recent estimate of proven ore reserves at Skalkaho Mountain is 6.5 million tons. The previous owner of the Skalkaho Mountain mining claims, in order to demonstrate the safety and feasibility of this project, has already performed significant work on an Environmental Impact Statement. The Company intends to draw on data that has already been produced and to develop additional information in order to comply with all State and Federal mining regulations."
Potential Market For Vermiculite Products
The initial marketing strategy for Skalkaho Mountain vermiculite would be to supply industry standard concentrate products to established exfoliation plants and manufacturing facilities. Skalkaho Mountain vermiculite will have at least these essential qualities:
* The presence of premium sized vermiculite in the ore body
* No chemicals used in processing
* Absence of asbestos or respirable silica
* Freight advantage due to potentially being only source of
vermiculite west of the Mississippi
Forward-Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE St. George Metals, Inc.
William Haseltine of St. George Metals, Inc., +1-703-276-1919
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
LOL-and you people are just good citizens here with no financial interest whatsover (not short huh?)
LOL-you think think the SEC gives a rats *ss but about this
What a crock of baloney....
read all about it here: http://www.missoulanews.com/News/News.asp?no=1041
and here:
http://www.sec.gov/litigation/aljdec/id232jtk.htm
The SEC has already been alerted about the bogus LOI news...by a nimble sleuth, not me.
Bummer.....I see Nevada Vermiculite is a privately held company, so there is no way to find out if they've been making any money.....Oh well, I guess it's more interesting than watching the stock sit there doing nothing.
St. George Metals, Inc., Announces Signing of Letter of Intent to Merge Nevada Vermiculite Into SGGM, Bringing Over $30 Million of Assets Into the Company
LAS VEGAS, May 2, 2005 /PRNewswire-FirstCall via COMTEX/ --
St. George Metals (Pink Sheets: SGGM), announces Letter of Intent to merge with Nevada Vermiculite, LLC, a vermiculite mining company based out of Montana.
William Haseltine, President of SGGM, stated, "This Letter of Intent with Nevada Vermiculite potentially adds tremendous value for our shareholders. We are pleased to begin a mutual due diligence period with Nevada Vermiculite, and we intend to finalize this transaction within 30 days. This transaction will bring in over $30M in recoverable assets through the Hamilton mining operations in Montana. These assets and production capabilities have the ability to produce the highly sought after Vermiculite mineral. Within the U.S., there are currently only two mines in South Carolina and one in Virginia that produce this highly useful mineral, and the demand is increasing due to the limited amount that currently can be imported into the U.S."
Bill Blomgren, Manager of Nevada Vermiculite, added, "We have been looking for the right partner for our company and shareholders for several years and are pleased that we have a working partner that can help us mine this very lucrative opportunity. We have many assets that we can bring to the table, and offer this partnership the ability to mine an up-and-coming mineral that has numerous uses."
Nevada Vermiculite Information:
Nevada Vermiculite's business focuses upon a niche in the industrial mineral industry. Nevada Vermiculite's management has defined this niche as those industrial minerals with an annual worldwide production or consumption of less than 2.5 million tons. This level of activity fails to attract major industrial mining companies, and, partly as a consequence, enjoys very high margins of profitability between the sales price of the product and the cost of producing the product.
Nevada Vermiculite's assets are located on 96 unpatented lode and mill site mining claims. The claims cover some 1,750 acres and are 10 air miles due east of Hamilton, Montana on the western flank of Skalkaho Mountain. Access to the property and shipment of processed vermiculite is via an all-weather road, 26 miles to Victor Crossing, Montana, where an office and loading area is located next to a line of the Montana Rail Link Railroad. The claims are situated at elevations around 7,000 feet above sea level within the Bitterroot National Forest near the crest of the south end of the Sapphire Mountains. Necessary environmental and operating permits will be secured through appropriate State and Federal government agencies.
Forward-Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE St. George Metals, Inc.
William Haseltine of St. George Metals, +1-703-276-1919
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
604 N Greenbrier St., Arlington, VA 22203 -- 703 276 1919; fax 703 243 4563
email: william@wbhlaw.net
Phone Number
703-276-1919
Area Code 703
Prefix 276
City Arlington City Demographics
State Virginia (VA)
Time Zone (Local Time) Eastern Time ( 4/25/2005 9:34:12 AM )
County Name (FIPS Code) Arlington ( 51013 )
Current And Previous Users Click here for a list
Metro Area (Code) WASHINGTON-BALTIMORE, DC-MD-VA-WV ( 8872 )
St. George Metals is Pleased to Announce the Appointment of William Haseltine as New President of the Company
LAS VEGAS, April 25, 2005 /PRNewswire-FirstCall via COMTEX/ --
St. George Metals, Inc. (Pink Sheets: SGGM), is pleased to announce that the Board of Directors has appointed William Haseltine as the Company's new President. Mr. Haseltine brings to St. George Metals a vast amount of experience. He has been practicing law for over 20 years as a corporate and SEC attorney. He has been a major contributor in mergers and acquisitions for numerous public companies. He also worked for the SEC in the Washington office for 10 years, and was a Special Counsel there.
With the current opportunities that lie ahead for the company, SGGM felt that it was extremely important to appoint a President that had both corporate and legal experience as well as SEC experience.
Mr. Haseltine stated, "I am excited about joining St. George Metals, Inc., and feel the company has tremendous opportunities in mining. My immediate goals for SGGM will be to act upon the following:
1. Get the company current and compliant with all required SEC filings.
2. Assess the immediate acquisition opportunities of mines and mining
claims.
3. Finalize and close out all deals both pending and previously negotiated
with other mining companies."
Forward-Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE St. George Metals, Inc.
William Haseltine of St. George Metals, 703-276-1919
http://www.prnewswire.com
Need to keep an eye out for the Willy factor. He sent out a whammy on SGGM on the 29th then again on the 30th.
I'm betting on the three day rule. Although, had I gotten to my computer soon enough, I would have definitely tried to get out this morning.
nice open on it...
any clue as to what's going on? lol... more shenanigans?
Sorry, it was just the last one. I figured this place would be buzzing today. The stock hit the resistance today and couldn't break through. Probably be sorry I didn't sell.
ouch did you have to bring up that old post?
lol.. im embarrased now
Where is everyone today? Thought this would be party central?
lol pumper...
was this a chart play for you? still cant imagine why you would buy anything CMKX related unless it was good on the chart...
noticed your ban... tsk tsk...
good luck with your flashlight battery sales...
so where will you go now? MLON board? MACH's?
Another Call to SGGM by a CMKX Investor
by LovinDiamonds
Diamond Hunter
member is online
Posts: 23
Another Call to SGGM by a CMKX Investor
« Thread started on: Today at 4:31pm »
--------------------------------------------------------------------------------
From CMKX.net, my home
-------------------------------------
By: Freedom2sail
I spoke with Vicki, the IR person at St. George Metals. Fun lady and very easy to talk to. She said the St. George Metals is located out of Vegreville, Alberta. I told her I thought she was in Canada based on her accent. She told me I was the one with the accent. Aye?
She told me the following would be released in a handful of PR's next week:
-SGGM's source for the $10 million used to purchase an interest in CMKX
-A new board of directors has been appointed to SGGM and their names will be released next week (hmmm, boy 'o boy could I do some speculating here)
-St. George's role in relation to CMKX
-The valuation of SGGM
-I asked about any active mines and she said news related to ongoing projects will be released next week
-The name of the primary shareholder in St. George Metals
-information related to the 200B and when it will be issued. It is not presently part of the O/S
She told me that the present O/S is:
-16,951,000 common shares
-1,450 Series A
-166,417 Series B
As I stated, Vicki is the IR person for SGGM, she has been in the mining industry for 12 years and has worked with 4 other companies in a similar capacity. She would not name these companies but said that her background and experience (say it with me folks) will be released in a PR next week as well.
She said that they are presently trading on the Pinks and that presently there are no plans to become fully reporting. She said that will ultimately be up to the new board of directors to determine.
http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1094772663
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
16:03:18 435000 0.2525 - OTCEQ_NBB T (F) $$$$$$
15:56:18 10000 0.26 + OTCEQ_NBB
15:55:39 20000 0.26 + OTCEQ_NBB
15:55:30 25000 0.26 + OTCEQ_NBB
15:53:15 200000 0.26 + OTCEQ_NBB $$$$$
15:53:06 14861 0.25 - OTCEQ_NBB
15:52:39 5000 0.26 + OTCEQ_NBB
15:42:57 2725 0.26 + OTCEQ_NBB
15:39:54 2000 0.25 + OTCEQ_NBB
15:39:54 2000 0.24 - OTCEQ_NBB
15:37:24 400 0.26 + OTCEQ_NBB
15:37:21 100000 0.26 + OTCEQ_NBB $$$$$
15:32:57 1366 0.26 + OTCEQ_NBB
15:13:21 15500 0.24 - OTCEQ_NBB
15:12:09 6000 0.25 - OTCEQ_NBB
15:12:03 5000 0.25 - OTCEQ_NBB
15:11:51 900 0.26 + OTCEQ_NBB
15:11:51 10000 0.26 + OTCEQ_NBB
15:11:42 5000 0.25 - OTCEQ_NBB
15:11:21 5000 0.26 - OTCEQ_NBB
15:11:09 4000 0.26 - OTCEQ_NBB
15:11:09 5000 0.27 - OTCEQ_NBB
15:08:27 160 0.28 + OTCEQ_NBB
15:04:27 10000 0.28 + OTCEQ_NBB
15:02:15 50000 0.28 + OTCEQ_NBB
14:58:42 1000 0.25 - OTCEQ_NBB ?1 (SF)
14:46:12 1000 0.25 - OTCEQ_NBB ?1 (SF)
14:45:03 1000 0.25 - OTCEQ_NBB ?1 (XSF)
14:25:18 20000 0.28 + OTCEQ_NBB
14:22:48 6500 0.28 + OTCEQ_NBB
14:20:21 1800 0.28 + OTCEQ_NBB
14:20:12 2500 0.28 + OTCEQ_NBB
14:16:21 10000 0.28 + OTCEQ_NBB
14:15:12 4000 0.28 + OTCEQ_NBB
14:14:12 611002 0.252 - OTCEQ_NBB $$$$$$
14:13:33 5000 0.28 + OTCEQ_NBB
14:13:27 10000 0.28 + OTCEQ_NBB
14:13:00 1500 0.28 + OTCEQ_NBB
14:12:45 5000 0.27 + OTCEQ_NBB
14:11:57 5000 0.26 + OTCEQ_NBB
14:11:33 290000 0.26 + OTCEQ_NBB $$$$$$$
14:10:00 200000 0.26 + OTCEQ_NBB (XF) $$$$$
14:09:36 10000 0.26 + OTCEQ_NBB
14:08:15 10000 0.26 + OTCEQ_NBB
14:05:42 5000 0.25 - OTCEQ_NBB
14:00:48 100000 0.26 + OTCEQ_NBB $$$$$$
13:52:06 5000 0.26 + OTCEQ_NBB
13:35:54 9200 0.26 + OTCEQ_NBB
13:35:45 1350 0.25 - OTCEQ_NBB
13:31:39 8000 0.26 + OTCEQ_NBB
13:21:21 20000 0.26 + OTCEQ_NBB
13:18:57 50000 0.26 + OTCEQ_NBB
13:16:06 25000 0.26 + OTCEQ_NBB
13:13:06 20000 0.26 + OTCEQ_NBB
12:54:00 600 0.26 + OTCEQ_NBB
12:51:03 150 0.26 + OTCEQ_NBB
12:42:45 3845 0.26 + OTCEQ_NBB
12:39:45 15000 0.26 + OTCEQ_NBB
12:33:45 10000 0.26 + OTCEQ_NBB
12:25:27 800 0.26 + OTCEQ_NBB
12:15:57 11000 0.26 + OTCEQ_NBB
12:07:21 100 0.26 + OTCEQ_NBB
12:06:45 1000 0.26 + OTCEQ_NBB
12:04:45 1000 0.26 + OTCEQ_NBB
12:02:57 1000 0.26 + OTCEQ_NBB
11:42:21 5000 0.26 + OTCEQ_NBB
11:40:21 7600 0.25 + OTCEQ_NBB
11:40:21 10000 0.23 - OTCEQ_NBB
11:37:36 25000 0.26 + OTCEQ_NBB
11:33:51 3000 0.26 + OTCEQ_NBB
11:29:42 300 0.26 + OTCEQ_NBB
11:29:39 20000 0.26 + OTCEQ_NBB
11:28:57 10000 0.26 + OTCEQ_NBB
11:28:45 4000 0.25 - OTCEQ_NBB
11:22:30 5000 0.26 + OTCEQ_NBB
11:15:27 500 0.25 + OTCEQ_NBB
11:15:27 1700 0.25 + OTCEQ_NBB
11:15:27 5000 0.23 - OTCEQ_NBB
11:14:12 1120 0.25 - OTCEQ_NBB
11:14:12 2000 0.25 - OTCEQ_NBB
11:14:12 4480 0.25 - OTCEQ_NBB
11:14:12 10000 0.26 + OTCEQ_NBB
11:13:33 10000 0.26 + OTCEQ_NBB
11:09:36 7000 0.23 - OTCEQ_NBB
11:09:36 7000 0.25 - OTCEQ_NBB
11:04:51 1000 0.26 + OTCEQ_NBB
11:04:51 1000 0.25 + OTCEQ_NBB
10:58:30 7500 0.25 + OTCEQ_NBB
10:52:24 120 0.25 + OTCEQ_NBB
10:41:18 2100 0.25 + OTCEQ_NBB
10:36:21 1000 0.22 + OTCEQ_NBB
10:28:39 500 0.21 - OTCEQ_NBB
10:28:39 500 0.22 + OTCEQ_NBB
10:27:21 10000 0.21 - OTCEQ_NBB
10:26:24 400 0.25 - OTCEQ_NBB
10:22:09 2222 0.28 + OTCEQ_NBB
10:22:09 500 0.25 - OTCEQ_NBB
10:12:33 1000 0.28 + OTCEQ_NBB
10:12:33 1000 0.25 + OTCEQ_NBB
10:04:54 300 0.22 + OTCEQ_NBB
10:04:54 300 0.21 - OTCEQ_NBB
09:59:15 1000 0.25 + OTCEQ_NBB
09:59:15 400 0.25 + OTCEQ_NBB
09:59:15 1320 0.25 + OTCEQ_NBB
09:59:15 325 0.25 + OTCEQ_NBB
09:59:06 3250 0.21 - OTCEQ_NBB
09:59:06 3250 0.25 + OTCEQ_NBB
09:58:42 1000 0.25 + OTCEQ_NBB
09:58:42 4725 0.21 - OTCEQ_NBB
09:58:42 1625 0.25 - OTCEQ_NBB
09:58:42 2100 0.25 - OTCEQ_NBB
09:55:30 5000 0.25 - OTCEQ_NBB
09:55:24 5000 0.25 - OTCEQ_NBB
09:55:03 5000 0.25 - OTCEQ_NBB
09:54:30 700 0.28 - OTCEQ_NBB
09:54:18 6900 0.28 - OTCEQ_NBB
09:47:57 1000 0.30 - OTCEQ_NBB
09:47:57 1000 0.30 - OTCEQ_NBB
09:47:57 2000 0.30 - OTCEQ_NBB
09:33:51 5000 0.30 - OTCEQ_NBB
09:30:12 150 0.35 + OTCEQ_NBB
09:30:12 500 0.35 + OTCEQ_NBB
09:30:12 10000 0.35 + OTCEQ_NBB
09:30:09 1200 0.35 + OTCEQ_NBB
09:30:09 2000 0.35 + OTCEQ_NBB
09:25:45 5000 0.30 OTCEQ_NBB T (F)
nkad, this is not the same company. it has been a shell since late 1990's after they liquidated. someone has purchased company and they kept it quiet until now.
950 Billion in Capital?
Hard to believe from a company who had to liquidate.
http://img27.exs.cx/img27/5508/SGGM_info.jpg
Click on the enlarge key bottom rt.
Blusson baby look out
Bashers should show up soon
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Of course they will ... and the vermin will follow.
The CMKX Family Tree Chart is getting BIGGER and bigger
http://subpennyman.nventure.com/
Rumer 30 mil OS so
One mil float that number feels about right on how fast it moves both ways imo
Now if we retire the 950 bil AS and do a 30,000 to 1 forward split we would end up with 900 bil. OS
Any short here would get killed and then we merge into it.
For all we know UC might already own SGGM.
Thats when I woke up lol
anything can happen when it comes to RG and UC...
yes they will.
only two here so far lol more will come imo eom
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
49
|
Created
|
09/02/04
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |