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No misleading by $ENYC on the float.
OTCmarkets automatically updates the company information when financials are filed with them. For $ENYC that would be on 12/12 which reflects the status of the company from July as having 444k shares in the float.
It looks like the CEO wants to be as transparent as possible, so he notified OTCmarkets of the updated numbers for the float.
I don't mind transparency, and I don't mind a little dilution so long as it leads to an increase in shareholder value.
IMO.
Best to all.
They have a NET income over $85k.
How is this a turd?
But its not A+, so its a SCAM.
just joking. . . lmao.
Go $ENYC
This could not be front loaded with a meager 1 million in shares and no follow up of premarket hype
and
there are no reliable sources that you claim. If there were you would have referenced them for everyone's DD. Granted I'm sure you'll find something by tomorrow, since it will take that long to fabricate the sources you claim today for $ENYC.
IMO
Best to all.
Please don't expect any more responses to your posts due to your apparent agenda.
How many shares do you think were front loaded on this one?
No kidding!!
I was doing research for my paper trading. Usually, I don't look at filings, but this one I decided t take a peak at, and the stats for the company were excellent. A low share structure with a significant profit isn't going to change much for $ENYC.
IMO
Best to all.
Why couldn't those warnings be fraud?
[color=red][/color]No one approached me about $ENYC. and I found it without seeing any promos or company PR.
Those type of things I'm less worried about now that the SEC has decent teeth to deter individuals from doing that sort of thing through freezes.
I consider the $.80 offering a side issue since the rest of $ENYC 's information shows healthy operations. The PPS should be around a dime if not more based on the supplement.
IMO
Best to all
Where does the fraud happen?
Please explain what could have been misread.
The $85k in net income ?
The 10 -11 million share maximum float?
The expansion plans of a profitable business model?
The paying down of $200k+ liabilities to under $70K (with profitability)?
How would fraud make a stock climb like this without communication from the company?
Ok. . . that makes sense.
a buy order at 85 was worse than a buy order at 84.
10 minutes later it was executed between 83 and 81 with no L 2 display of it at all.
Not quite, but almost there.
Just a couple more ticks.
Can this be bypassed by a broker holding back order information manually?
My order sat for 10 minutes without showing in L2 and finally filled as part of a collapsing bid support movement.
quotestream L2 is fine.
.07x.083
How do you know where the dip is?
That's a large spread. . . .hahah.
Actually I just came in on part of the dip into the 7's. This is very promising with positive net income and triple digit growth year over year.
IMO
Best to all.
Why would there be a half billion dump when 400 million was kept in reserve, and there has been a stock buy back?
Why would thrre
If 400 million shares still not issued,
Why would 900 million unissued shares or even a couple billion more unissued shares be of any additional concern?
It wouldn't unless the company was coming close to maxxing out the O/S, and that is not happening nor has it happened.
IMO
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Divi isn't dilutive.
Increasing the O/S is dilutive, and so far the trading of $SRGE hasn't proved any increase in the O/S. There will always be down days. If there was dilution the MMs would sense this and drive down the price like a rock on Jupiter.
IMO
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I don't think so. $SRGE
There are at least 5million in visible shares to sell through. God only knows how many are in hidden orders.
IMO
Best to all.
How would economy of scales work in JV?
Particularly if $SRGE has enough money to fund the project by themselves.
The titles are running histories.
Each document shows what the history has been. New changes are found towards the bottom. The latest change looks like court assignments on July 2012.
Thanks for posting the updated title
I see Alfonso was awarded 70% control/ownership of CM by the courts as the conclusion to a labor dispute. Now, he's on $SRGE board of directors and the ownership/ rights issue is clearer.
SRGE definitely has access and permission to mine Cinco Minas.
IMO
Best to all.
Its 10% of the average of the volume of the last 30 days. It applies to all stocks to minimize manipulation of P&D schemes.
Its effects are seen most clearly in low volume stocks where an individual with a influencing holding can pump up the price and the dump in a single day during a promo. With 10% rule this situation is diminished.
What are the reasons a company would JV instead of mining a project on their own?
I'm formulating a guess of the current business plan and trying to short cut some general research on assumptions.
Simple explanation of hidden orders.
If SRGE has quite a few people with AON orders on a particular day, then it wouldn't be out of the ordinary to see minimum bid/ask listings for a good portion of the day. That's one interpretation on the fact of the hidden orders.
IMO
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That someone likes their trading days to have symmetrical bookends?? hahaha
SRGE opened at 109 and it closed at 109.
The same thing happened yesterday with 50 mill in 1s when there was a 2/3 spread.
Quiet for a year, then avalanche of filings.
I jumped into PRPM at .0001 shortly after the attorney letter was filed. It sat at no bid for a few days, and now it's been surprising that someone is intent on making sure the PPS increases. It's almost an investor's perfect stock.
For my position there is no apparent risk at this level, and minimal volatility adds assurance that the PPS will continue to rise a few more ticks at least.
IMO
Best to all.
How is this a P& D?
When did the P start and when do you expect the D to start?
Oops. . . That was me who paid for the promo and who had shares of SRGE .
Just joking
But that statement if it were true, would have filled all the criteria of the disclaimer in the WSIN promo. So SRGE doesn't have to be responsible for third party promotions. (On a side note, I wish only companies could authorize such promotions and third parties be fined for unauthorized promos.)
The point is that reading comprehension is key and SRGE can't be directly connected to promos outside of its PR cycle.
IMO
Best to all.
Please show how SRGE is a pump and dump.
I have some great examples from my own observations, but I'm having a hard time seeing that pattern here.
Thanx in advance.
I know. Its just sick.
Every time SRGE dumps shares the pps rises.
I think everyone is tired of making money. This nonsense has to stop!!!
At least that's the only reasonable conclusion that can be made if the assumptions you present are correct.
IMO
Best to all.
I agree, and how is this related to SRGE?
Those were all mine and then some. ;)
Mineria Southridge is correct Mexican grammar for Southridge Mineral.
So it is misleading to say Southridge Minerals doesn't appear on any of the documents, and imply that it is somehow fraudulent to do business in the language of the country of operations.
IMO
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Current is the highest SEC alternative reporting tier.Here is a link that explains more.:
http://www.otcmarkets.com/investors/investing-otc-security
This tier has gained more importance because of major crackdowns on companies that seemed to be publishing inconsistent news about themselves.
I jumped into PRPM with the assumption that the Current tier change shows a company that has the resources available to execute a substantial growth plan for the company.
IMO
Best to all.
So you are expecting the 'courting' company to take material from other PRs when it announces the acquisition of SRGE assets for money?
Yah, in what real world does that make sense? It doesn't.
So, SRGE is working hard on real deals, and not some cut and paste kindergarten project a few people keep imagining.
IMO
Best to all.
OTC approves tier change to CURRENT
So all the filings are correctly verified. Let's see what Protek has in store for its new found status. Go PRPM
IMO
Best to all