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Don't believe the hype!! ADK stock promoters taking poor unsuspecting investors yet again...just a shame...or sham?
The only move this one is making is down, down, doooowwwnn...I warned about this stock last year right around this time...no one listened apparently..
Is Diagnos ever planning to announce the cancellation of their $3 million contract with First Source Resources? Funny how they went out of their way to announce the signing of this contract back in the summer, made mention of it in the Message to Shareholders of their most recent quarterly earnings release posted Nov.11th but have overlooked to provide this update which was released by FSR under the headline "First Source Expands Resource Claims at Lac Des Pics, Plans to Focus on Exploration in Gaspe for 2009" (nice move FSR by the way in choosing a headline that completely ignores the contract cancellation):
Nov 28, 2008 16:28 ET
DIAGNOS Inc.
First Source and DIAGNOS inc. ("DIAGNOS") (TSX VENTURE:ADK) also announced today that they would not be proceeding with their services agreement (the "Agreement") executed July 14, 2008 between First Source and DIAGNOS to explore an area covering approximately 37,000,000 acres or 150,000 square kilometres in central Canada. Under the Agreement, First Source was to provide certain funding and DIAGNOS was to use its CARDS technology (Computer Aided Resource Detection System) to generate exploration targets in the area of interest.
The Agreement was subject to First Source raising a minimum of CDN $750,000 on or before November 15, 2008 or First Source waiving this condition on or before such date. Following recent discussions with DIAGNOS, it was determined that it would be in the best interests of First Source to focus its efforts on the Lac Des Pics project, which appears to be gaining momentum going into next year's exploration season.
Nevertheless, First Source management remains convinced that the DIAGNOS approach represents a tremendous leap forward in early-stage exploration efficiency and effectiveness. The Company very much looks forward to finding additional opportunities to work with DIAGNOS in the future.
Hellllooo....is there anybody out there??
And apparently a history of unpredictable reporting accuracy as well given the previously unannounced Q3 restatement...
From today's press release regarding their fiscal year 2008 results....very disturbing:
Following the audit of the 2008 annual financial statements, DIAGNOS proceeded to restate the 2008 third quarter results...
Also why no mention of their Q4 results in this release? Had to dust off my calculator for this one, in subtracting their previously reported Q1 and Q2 results and the restated Q3 results reported in today's release I come up with the following for Q4:
Revenue $584K vs. $743K in Q3
Net loss ($234K) vs. income of +$39K in Q3
Not exactly a banner quarter for ADK...
yet the stock seems to plummet further...methinks we've been had!
Had you kept your posting to simply "I also think they are setting us up.", it would have turned out to be a lot more prophetic. This stock is turning out to be one big dog...as I predicted it would.
Sounds like something they put out there for lack of anything else to give positive news on...is there even any demand for this? Is it significant? What's the anticipated sales from this and timing before realization of any sales? What are the forecasted R&D costs? Why are they even diverging into this when they are still at such a fledging stage in the mining exploration "knowledge extraction" sector? Will it impact the financial and personnel resources they need to grow that side of the business??
Hope so, ADK's stock price needs an injection of some serious news of substance rather than fluff otherwise I fear it's price will keep sliding down. The 5,000,000 shares purchased at $0.60/sh. from the last private placement (as well as the 2,500,000 warrants although those are currently worthless with only 2 months left on them before they expire) are imminently about to free up and be eligible to be traded on the open market, without some serious news the stock could very easily get hammered back down to $0.60 in the next couple of weeks. It's enough with the contracts with Tier 2 TSX Venture companies that are barely solvent and trading at their 52 week low, c'mon guys you can do better than that, throw us a serious bone here!!
I love how quiet this board gets when ADK is doing diddely-squat! I am hearing from the rumour-tout machine that there could be big news coming out at the end of this week...Argyll feel free to call Andre Larente and ask him if this is true and please do share with us all!
What do you mean, at various points of time they have received finite amounts of shares which were worth at the time of the various transactions a total $210,000...in looking at the stock chart of each company from which they were paid partly in shares, those shares in aggregate today are now worth a lot less than $210,000, assuming they have previously received these shares...they don't keep receiving more shares from each company each time its respective stock price drops! The number of shares would be determined as of the date each agreement was signed (or based on an avg price range for a number of days prior to the official date of each agreement). It's safe to assume that ADK only announces deals for which they have signed an actual legally-binding agreement so it's safe to assume as well that they have already received all such shares, as opposed to will be receiving them only in the future. Even if such shares are held in escrow for a while, the number of shares to be paid to ADK under each agreement would be based on a historical share price at the time the agreeement was signed, not some future date. In other words, the amount of shares they receive doesn't continuously increase as the stock price of each of these companies declines!
As for the success bonus shares, those too are today worth a lot less (should they ever be realized) than they were at the time each deal was announced. And most surely there are strict definitions as to what constitutes "success" such as a discovery resulting in an actual mine developed...that can take years, if it ever even happens at all!
In order for the market to actually take this company seriously (or even take notice of it), it will need to start being covered by actual bona-fide analysts...that won't happen until they actually start doing business with bona-fide mining companies anyone has actually ever heard of!
Here are the links to the various stock charts of Diagnos' clients with which they have done deals that include shares...if this were my portfolio I'd be applying for welfare now...this is possibly the ugliest portfolio I have ever seen!
Vior Inc. ($40K in shares in April, success bonus of 250,000 shares)
http://finance.yahoo.com/q/bc?s=VIO.V&t=3m&l=on&z=m&q=l&c=
MDN Inc.
http://finance.yahoo.com/q/bc?s=MDN.TO&t=1y&l=on&z=m&q=l&c=
Sage Gold
http://finance.yahoo.com/q/bc?s=SGX.V&t=6m&l=on&z=m&q=l&c=
U.S. Gold
http://finance.yahoo.com/echarts?s=UXG#chart7:symbol=uxg;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Lexam
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&ref=quickquotehome&Language=en&QuoteSymbol_1=lex
Too bad the market value of those shares is a lot less now that $210,000 and the success bonus shares may be close to worthless as well before and such bonuses are earned. Has anyone even bothered to check the stock charts for U.S. Gold, Sage Gold, et al lately? Just brutal! Gold is soaring but it seems like the share prices of most if not all of Diagnos' exchange-listed clients is are tumbling with no end in sight. To quote a recent article on U.S. Gold:
Over the past nine months, U.S. Gold shares (UXG) lost two-thirds of their value, even while gold itself flirted with over-$1000 prices. The problem? A toxic combination of mildly-disappointing exploration results and sky-high investor expectations. Shareholders apparently focused on CEO Rob McEwen’s past achievements and assumed a bonanza strike would be announced any day.
Unfortunately, mining doesn’t work that way. Like investing, it's a game of probabilities. Line up the best properties, management team, geological engineers, and roll up your sleeves. If you are lucky, you might find something that makes you rich beyond your wildest dreams. But success rarely happens overnight, and is never ensured.
Why don't you tell us what Mr. Larente told you on the phone Argyll?
I don't think Diagnos is a scam at all, it is a legitimate company trying to make a name for itself. However, all things taken into consideration, ADK is at best a 40-cent stock that has been driven up to more than double that level based on the false hopes hype and touting outside of Diagnos' control (I hope) have created. I came upon this board initially hoping to gain insight as to what was driving up its stock price but have come to realize from reading the postings that it is nothing more than vagaries and hype. The truth is that those on this board have a false sense of knowing something that the rest of the market doesn't, when in fact they don't really know anything.
Well I hope Mr. Larente isn't providing you with any form of information that isn't already publicly disclosed by Diagnos, that would be a pretty serious no-no which could land them in some serious hot water with the securities regulators, don't you think? Why don't you post here what he has told you in fairness to all the posters here?
yes I've seen this McEwen fellow mentioned on this board like he is some form of mining god...the market doesn't seem to have much faith in what US Gold is doing considered their stock performance since last September...yowzers!!!
http://ca.finance.yahoo.com/q/bc?s=UXG.TO&t=1y
Have any actual successful mining companies that anyone has actually ever heard of bought into Diagnos' technology?
I do not have an axe to grind at all nor do I seek attention, all I am trying to do is stir up some intelligent debate here rather than blind acceptance.
what bottom line to do you mean, the $128K paper profit they posted in their last quarter on $833K of sales (none of which was actually collected as per the receivables on their balance sheet) after losing an accumulated NINE MILLION DOLLARS before that??
The company does zero promotion?? Where exactly do you live??It's being touted by a certain "Maybach Financial" out of Gibraltar or something like that, go check out their website, there isn't even a phone number you can contact them at. I've sent them a message through their website on a couple of occassions now, no response of course. The "research" they provide is nothing more than a cut and paste of publicly posted articles and blogs from the web. As well in Toronto and Montreal ADK is a pretty heavily promoted stock among certain "investment advisors" and other people claiming to be "in the know" somehow.
I actually made good money on ADK and got out when I realized that the stock was a heck of a lot more hype than hope. Am I trying to "save" others? If that's how others choose to take the element of realism and rationality I am adding with my posts..sure!
And actually the table you posted illustrates what is trying to be accomplished on days the stock is down significantly from the day before - have it end up with a closing price the hides this. On Apr.30, May 1, 2, and 6 shortly before the market close the stock was bidding at or around 0.75 (it's low for the day) and in almost each case someone came in a few minutes before the close and bought at or above the ask to up the closing price to 0.79 - 0.83. A desperate attempt to keep ADK from sinking down into the low 0.70's or even below that!
The Open-Hi-Low-Close report you have pasted doesn't have the level of detail necessary, it's way too summarized in format. The point is that on several trading days when the stock has been trading down all through the day, a couple of orders seem more often than not to go through right before the close at the ask or even higher. You'd have to go back and look at what the bid and ask on ADK was each day about 10 minutes before the close - and then the small order or two that went through after that - to see what I am talking about. This only seems to happen on days where the stock is trading down and there is a wide disparity between the bid and ask near the market close.
What exactly do you mean by "shakeout"? Do you honestly believe that someone was "forcing" everyone to sell their shares who did during the recent selloff from $1.05 to $0.75 with the intent of "shaking" them out? How exactly does one "shake" someone out of a stock? Call them and tell them false negative stuff intentionally to scare them out? But why would you want to "shakeout" any investor in a stock, what could you hope to accomplish??
This talk of a "shakeout" is all just nonsensical, psychobabble created with the intent of trying to explain away ADK's stock price correction. People did you ever stop to think that maybe it was simply overpriced for what it is and some investors figured this out and got out while the going is good?? Maybe they've noticed what I have, that just about everyday, right before the market close, some yo-yo goes in with market-price orders and picks up a few thousand shares at the ask, or even higher (depending on the ask size)...obviously to inflate the closing stock price and paint a better picture than what really occurred during that day.
You can thank Anglo Pacific for the volume that brought it back up to 0.84 yesterday. They are very determined to keep this stock above 0.85 so that they can exercise their warrants at 0.85 come June 4th and turn a profit. Check out the INK Insider trading reports, so long as ADK is < 0.85 they are very active buyers right up to 0.85. Once it trades at 0.85 or above all of a sudden they disappear back into the shadows. Although the INK report hasn't been updated for yesterday as well, it's a safe bet when the stock was down into the mid-.70's, Anglo rushed in and was buying up the stock with market orders to help run up the price.
This is not exactly big news, $80,000 payable half in cash ($40K barely covers a receptionist these days) and half in shares of a sub-junior exploration company on the TSX Venture Exchange whose shares barely trade and is currently sitting at its 52 week low?? Who knows if they will even be listed long enough for ADK to earn that 250,000 share success bonus one day? Diagnos really needs to find a way start signing contracts with major mining companies if it wants to be considered a viable long-term investment.
if that's what you want to believe...I'll wait to buy when it is down to 0.50 provided I can get any information of subtance and not the usual "something big is happening" b.s.
How low can you go...I think that is the big question now...at the time of posting ADK is down to $0.81 from its 52 week high just a week ago. As I have been fearlessly predicting all along, there is just nothing of enough substance to sustain the stock at its present levels...hype, promotion and "irrational exuberance" only last so long.
Oh wow as I am writing this, the bid has dropped to 0.76...could this be yet another case of "there's a sucker born every minute"?? Those 2.5 million warrants at 0.85 from the last private placement aren't looking much like "smart money" right now...!
Not really sure what to post at this point...
It seems that unless I blindly participate in the irrational exuberance of the posters on this board in the merits of ADK's stock price run up and price sustainability, I get "jailed" and/or my posting gets removed. Seems I don't dare even suggest that there may be any level of promotion/touting of this stock going on with the objective of running up its price, substantiated or not. There are just too many forces at play that stand to lose way too much should the concerns and comments of a naysayer prove to be true. People unfortunately in life trying to quash or dismiss reality is rarely a successful investment strategy. The truth has a way of creeping on you no matter what and biting you in the proverbial butt!
funny how quiet the message board is today when ADK was down another 3.75% while the markets overall enjoyed one of their best days in 2008...so much for the theory the other day that the market was responsible for ADK's drop! It's off 12.5% from it's 52 week high that it hit last week and volume continues to be 90% down from last Thursday's frenzy...
funny guy...trust me it was very hyped up in Toronto and Montreal!!!
very little, if any, promotion by the company?? Not sure what part of the world you live in, but where I am, there's been a-plenty!!
$4 now?? wow, before it was $2-$2.50 and before that $1-$1.50...there must be something HUGE brewing that everyone on this message board somehow knows about that the rest of the world doesn't for these wild target price hikes!! I'm so happy I found this board, I'll be rich in no time!!! Uh yeah, whatever...
I have little doubt that the great promotion machine will be chugging in full gear to push this stock up over $0.85 with just enough time for the PP subscribers to be able to exercise their warrants and then dump their resulting 7.5 million shares onto the market while they can at a profit.
Another "good" day for ADK...damn I knew I should have sold last week in the high 0.80's!! This private placement is going to pull it down to $0.60 come June I'm afraid!!
Who the bleeeeeep is Maybach Financial??
http://ca.us.biz.yahoo.com/iw/080306/0371641.html
I signed up for a trial subscription (which probably means I will start getting even more spam once they are done selling me email address as active to every sleezy spam marketer around the world...I should have known better!), no report on Diagnos on their website as promised!
that would be pure speculation on my part...my point was that a lot of the comments I have read on this board mirror very closely (it's almost uncanny) the stuff he has been telling me about Diagnos' stock price prospects.
The royalty model is what attracted me to it as well, the key thing is for one or more of these juniors that ADK has a royalty interest in to actually get to a point one day where they are able to pay out royalties from their finds i.e. convert their discoveries into an actual producing mine. Mind you I am not an mining industry expert of any sort so maybe there is another way of realizing these potential royalty streams that I am not seeing?
you never know...Bill is a broker friend of mine who gave me the tip on ADK originally.
I would argue that the insider/smart buying already came in with last month's 5,000,000 share private placement at $0.60/share. As the press release Diagnos issued on Feb.7th states: "Up to 17% of the securities issued under the private placement are subscribed by insiders of the Corporation."....so about 850,000 shares at $0.60 were already picked up by insiders for over half a million $. And the balance of the 4.15M shares were picked up by large buyers and "smart money". With every two shares subscribed for entitling the holder to a common share warrant exercisable at $0.85/share and a 4 month hold period in place over these securities, it may be in a lot of people's interest to do whatever it takes (legally) to run this stock up over $0.85 by early June in order to be able to maximize their profits from participating in this placement.
That being said, if the stock is trading at > $0.85 or even > $0.60 after the 4 month hold period expires (i.e. after June 6th), we may see the market flooded with potentially 5,000,000 to 7,500,000 shares being sold off by the participants in order to realize their profits from participating in this placement...it doesn't take a genius to figure out what impact that would have on the stock price...
Given that this private placement had a 4 month hold placed on the securites, and the stock was already trading at around $0.60 when it was announced and the prospects for Diagnos are strong, it actually should have been priced a lot higher than $0.60 (it's interesting to note that ADK was trading at 0.62 - 0.65 the day the placement closed) ...i.e. it should have been priced at some 4 month future price forecast of the company's value. This would have prevented the potential of a serious sell off when the hold expires.
oh so now we're going to attribute the stock being down 8% today on the markets being down....ummm the TSX-V was down 1.5% today, NOT 8%!! And it was also down yesterday when ADK went on its short-lived run so the markets really have nothing at all to do with the stock price shenanigans going on here!
All this theorizing aside as to why ADK ran up yesterday and who the recent buyers are, I am still wondering why it appears almost their entire sales they reported in their most recent quarter appear to not have been collected at all...as a shareholder, I am more than a little concerned! Not sure what the credit quality is of these very junior mining companies they are selling their software to...
Thanks Gecko, it's good to see someone else here looking for some substance...