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ESR gave me the pick at .09
FYI-- These sites are all from the same group, and they are all pumping PEBC:
http://www.skymarkresearch.com/
http://www.emergingstockreport.com/
http://www.libertyanalyticsco.com/
There may be more, but these are the ones I have received from.
They get paid by subscription. So, they may recommend companies that are real, but they still pump them for their paid subscribers to make a buck then exit. And they are paid SOMETIMES by the company, but this will always be disclosed.
They certainly did, but money will pour in again if any positive news is released.
Who is holding the shares? Can you give me the filings where you are seeing this?
Do you really believe that this stock won't run again? We have been without news for some time, so obviously PPS will erode a little bit. BUT, when something substantial drops this baby rill run with the bulls once again.
You are spot on here. This is nothing more than another MM shake. Patience will be rewarded with ZENG. Just ride it out.
Just got an alert from PennyStockLive:
Dear traders,
We called Dana Resources (Public, OTC:DANR) to our members today at $0.061 cents today and DANR is already up $0.067 cents!
DANR is extremely undervalued, DANR's flagship property contains in excess of 1.1 million ounces of near surface gold amendable to open pit mining.
DANR's properties are located in northern and southern Peru and cover an area of over 24,000 acres.
DANR just announced it is evaluating several producing silver mine acquisitions.
LAS VEGAS, NV, Feb 16, 2010 (MARKETWIRE via COMTEX) -- /quotes/comstock/11k! Danr (DANR 0.07, +0.02, +36.36%) (FRANKFURT: OD0) Dana Resources is a US-based precious metals development company with advanced stage gold and base metal properties in Peru. Management is pleased to announce progress on evaluating several potential silver acquisitions.
Dana Resources is evaluating several opportunities in the silver sector in Peru. The company is looking for assets in production where it could make an investment in existing production situations to increase capacity to take advantage of current metal prices. The company is looking at three specific acquisitions.
Happy trading,
PSL Staff
Excellent. Big things to come IMO.
Keep an eye on the volume. The float is pretty tight here, so if volume starts to pour in, we should be good for a jump.
We have been bouncing off a bottom for a while now, so if you are trying to average down it might not be a bad time.
I sure hope so. I doubt it would be getting promo'd if there wasn't news in the works.
Just got an email alert from StockStars.NET on DANR:
My new precious metals play is DANR.
DANR has seven significant projects in Peru, focused on exploring and developing gold, silver, molybdenum and copper properties.
DANR's properties are located in northern and southern Peru and cover an area of over 24,000 acres.
DANR's flagship property contains in excess of 1.1 million ounces of near surface gold amendable to open pit mining.
Last week, DANR came off all-time lows with increased buying interest and this is a good indication that a big bounce may be coming.
Start your research on DANR. I will be sending additional information shortly.....
Someone is walking this down. L2?
I know any dilution is bad, but 25M is better than 250M.
Dumphrie will crush this thing in typical Dumphrie fashion. Get in and get out quick if you are going to play.
It was only 25M shares. Could be worse...
Item 3.02.
Unregistered Sales of Equity Securities.
Between January 13, 2010 and January 22, 2010 Dana Resources (the “Company”) issued an aggregate of 25,662,500 common shares (the “Shares”) to various stockholders. The Shares were issued as repayment of amounts due to the stockholders and also for share subscriptions received. The Shares were issued in reliance upon the exemptions from the registration requirements of the Securities Act of 1933, as amended, afforded the Company under Regulation S as the securities were issued in an "offshore transaction", as defined in Rule 902(h) of Regulation and the Company did not engage in any directed selling efforts, as defined in Regulation S, in the United States in connection with the sale of the securities. Each stockholder was not a U.S. person, as defined in Regulation S, and was not acquiring the securities for the account or benefit of a U.S. person.
No way Shakerz makes more money than any other promo company. I follow about 35 sites, Shakerz being one of them.
Shakerz is a nobody promo company. That is why the stock didn't move.
The divi shares already split for many people. I am one of them (I now have 13). My guess is everyone else will see this happen to their's soon. Too bad so sad. These scammers screwed us all on this POS stock.
A press release is not a promo. Get real.
Where in these PR's does it say anything about dilution?
When is the last time you saw a promo for this stock? Months ago? Have you called TA to verify current share structure? Please back up your statements. You can just cry dilution with no proof whatsoever.
Yea it can be done for sure. If you have a margin account with 20K you could in theory short sell 13K in stock. You need 150% margin available to make the trade.
You can only short on a margin account with a considerable amount of cash. Otherwise you won't have the margin to cover the trade.
Like I said, I hope you are right.
I hear what you are saying, but their annual report is so full of outs for these guys that it scares me. Plus, I do not know how Peruvian law differs from US law, etc. I do know that I have tried to call IR, and received an answering service which could not connect me with anyone. I emailed IR with no response. Also, their address in Nevada is nothing more than a mail drop. So this company has no office, no employees, and rights (which are in jeopardy) to some properties in Peru that have shown potential for mineral deposits such as gold. The company has no means to extract that gold from the properties even if they do end up keeping the land. Plus, they have to figure out how to transport it, refine it, etc. They do not have the means to do any of this. They must partner/merge with a company that can.
I am long on this only because I got stuck in it last year. I bought on what I thought was going to be a bounce. I was stupid not to set my stop-loss so now I join other "stuckholders" here and await the next PR to HOPEFULLY drive this thing north so I can exit. Sorry if this is pessimistic, but it is my opinion. And for the record, I am neither a "basher" or "pumper".
GLTA
Thats exactly it. That's why you short after a big promo pump on most of these companies. You just need the cash to do it.
We need to be successful with litigation in order to secure the mineral rights that are needed. We also need a JV, Merger, etc. with a company that is capable of MINING the deposits. DANR can't do it on their own.
The Company is in the exploration stage and has not yet realized any revenues from its planned operations. The Company's business plan is to evaluate, structure, and complete a merger with, or acquisition of, prospects consisting of private companies, partnerships or sole proprietorships. Once we resolve the ownership of our mineral claims, we plan to initially concentrate on completing a comprehensive review of all the data available from the previous exploration of the properties subject to our mineral deposit and carry out surveys to identify potential drill targets. To that end, we have not completed a plan of operation or exploration and have not anticipated the cost of exploring our mineral properties. We intend to complete a plan of operation and exploration once we have completed the title registration of our mineral properties. There is no assurance that we will be able to accurately anticipate the cost of exploring our mineral properties or obtain the financing necessary to complete any plan of exploration. This could prevent us from achieving revenues.
The Company entered into an agreement dated June 3, 2008 to acquire 19 precious and base metal mining claims in Peru, South America for 25,000,000 shares of restricted common stock and the payment of a 1.5% net smelter royalty with a minimum royalty payment of $10,000 per month regardless of extraction. The Company issued 25,000,000 shares, valuing the asset at the fair value of the underlying stock as of the agreement date which was $28,750,000. On June 30, 2009 and June 30, 2008, the Company evaluated the asset for potential impairment in accordance with SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”.
At the end of June 30, 2008, the Company, in accordance with FAS 144, valued the asset for impairment. Additionally the Company found several reports that showed that the industry traditionally used 2 percent of the asset value, price times ounces, to establish value on the financial statements. As such, the Company used a formula (as indicated in the following paragraph) and determined that a more conservative approach for asset valuation was appropriate. The method used by the Company to determine the fair value of the mineral rights as of June 30, 2008 was as follows:
The Company purchased the rights to approximately 1,100,000 ounces of estimated gold reserves. The Company anticipates extracting at least 1% of the total reserves; or approximately 11,000 ounces. Utilizing an average spot price of gold as of June 30, 2008 of $850 per oz., the estimated fair value of the rights was determined to be $9,350,000. The difference between the carrying value of $28,750,000 and the fair value of $9,350,000 which totaled $19,400,000 was recorded as impairment during 2008. The average spot price of gold as of June 30, 2009 was $940 per oz. therefore no impairment charge was recorded during 2009.
In September 2009, the Company received a notice of termination on its mineral rights agreement and completion of mining claims assignment due to non payment of the monthly royalty fees, see Note 9 for further discussions. As of June 30, 2009 the Company has not paid the monthly obligation. A balance of $100,000 has been accrued as royalty fees due under the Mineral rights agreement. A dispute as to the validity of the notice of termination exists between the selling party and the Company which the Company plans to pursue legal action to resolve this matter. In the event the Company does not prevail resolving this legal matter, the mineral rights and/or consideration given towards the mineral rights agreement with a value of $9,360,361 will be impaired.
Due to the pending litigation regarding the mineral rights agreement and the uncertainty of its legal status as to rights and ownership to the mineral assets, the Company has reclassified its mineral asset as a deposit on mineral claims. In addition, in order to conservatively report is financial status, the Company has impaired the value of its deposit on mineral claims by 50% due to the uncertainty of recourse on amounts paid for the mineral assets and pending outcome of a final legal determination of its rights and ownership. As a result of the foregoing, management intends to amend its June 30, 2009 year end annual financial statements to reclassify the mineral claims as a deposit on mineral concessions.
9. Commitments
On April 29, 2008, the Company appointed Len De Melt as the new President and Chief Financial Operator and entered into a management agreement dated April 29, 2008 with the President of the Company for the provision of management services at $5,000 per month commencing in May 2008 for an indefinite term. The Company has accrued $70,000 as of June 30, 2009.
On May 2, 2008, the Company entered into an agreement with MRC1 Exploraciones to perform an evaluation of the mineral claims for a fee of $25,000, of which $10,000 were contributed by the CEO and the remaining $15,000 were to be paid in October 2008. The Company has accrued $15,000 in accrued expenses.
On June 3, 2008, the Company entered into a Mineral Rights agreement with Angelo XXI. As per the agreement, the Company will pay Mr. Rosales $10,000 per month for royalties for the land, commencing in September 2008. The agreement was amended on October 1, 2008 to state that a minimum of $10,000 per month in royalties are due regardless of extractions. The Company has accrued $100,000 as of June 30, 2009. In September 2009, the Company received a notice of termination resulting principally from the unpaid royalty fees. A dispute as to the validity of the notice of termination exists between the selling party and the Company which the Company plans to pursue legal action to resolve this matter.
On June 21, 2008, the Company entered into an employment agreement with Elmer Rosales effective September 1, 2008. The agreement stated compensation expense of $5,000 per month free of income taxes; this was calculated to be about $6,850 per month. The company is currently disputing the validity of this agreement. For conservative purposes the Company has accrued for $68,500 representing all salaries due under the employment agreement. As of June 30, 2008, no amounts have been paid under the agreement.
I hope you are right on this. They said in there filings that they are at risk of losing their rights.
Yes. If your broker will let you it is possible. You need a margin account with a decent amount of money in it.
The properties are not gone. Just because Castillo is out, does not mean that the properties DANR had lease/mineral rights for are also gone. HOWEVER, there is a dispute over some back royalty payments that were supposedly owed. This is the issue. The truth is that they are at risk of losing these, and they are involved in litigation. IMO, if they are successful this thing will blow up again.
Just because the FNRA writes an article on green energy scams on the OTCBB, doesn't mean that ZENG is a scam. They have a plant and seem to be headed in the right direction. Only time will tell if this is a viable business for them, but I am betting that this one is going to pop in the coming months. ZENG is a buy at these levels.
Awfully quiet here today. Interesting how this thing was walked down at the end of the day..
Spam? Who cares.
I have been trying to figure that out myself, but know one even knows who the transfer agent is.
Has anyone read the S-8? Looks like they are registering 10M shares for employee compensation. If they are planning to dilute, then maybe they will try and drive the PPS up first. What are your thoughts?