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Bought so many shares of this a long time ago at so many different prices but the bulk at .0012. Hadn't seen a loss on this until recently but I suppose many of these penny stocks end up like this. Still holding about 5M shares... And hoping on a miracle... !
If its in the 10k, just check there
Shows how out of the loop I've been for the last 10 months, I didn't even know SIRG owned 100% now! Saw this on the bottom of the news article...NICE!
Thank you sir! :) Hope you've been well Salty. I haven't had much time to watch the day to day movements in many months or post but my account still looks nice with many millions of shares and it looks like the ship is still in good hands here! I hope sometime this year we get some great movement!
Excellent Post!
AWESOME update, thanks for finding it.
Agreed!
I've been on vacation for a few weeks so its good to be back on board! Any poems lately?
Yeah tru. Just hope I don't lose the whole fishing boat and end up w nothing. SIRG is my only green penny so far. We'll see if it holds up, shoots up, or blows up. Lol
"Smart"! Ha. If you knew how much I had in a bunch of "project" stocks you wouldn't say that! Lol
The call wasn't on OTC lol
hehehe, every1 knows so much. that sale into the bid for 250K was mine. Still have over $5M strong, just needed some funds to pay for a margin call. yes, i DUMPED 250K... lol
the stock currently has very low liquidity. as better news of funding/permits occurs, the liquidity will pick up. it was traded up above a penny on a lot of volume, then when things got quiet, it seems one day a single shareholder or two sold about a million shares and pushed the price down to around .006 or .007. Anyone motivated to sell right now who sells to the bids kills the pps. anyone motivated to buy right now who buys at the ask can launch the stock into the 1.2-1.3 cent range as we've seen.
but other than that one day of sales, and the days of buys a while back that pushed it over 1 penny, there hasn't really been much going on. no one trying to get out. no one trying to get in. just slow going until news but the difference in price between .011 and .007 is basically 1 million shares going off at the bid. someone probably had a bill to pay and needed their $7K back fast. before that day, it hovered around a penny with low volume for a while. that's my opinion but take it with a grain of salt as i'm no pro.
that $9000 buy order should just pay at the ask and push us up to .0149... :)
CHA-CHIIING is a little more appropriate than BINGO based on how our accounts look. SIRG
yeah. I was gonna add about 50,000 shares but funny enough I had insufficient funds available lol... then I realized that 50,000 shares isn't just a hundred bucks anymore! I remember buying 50,000 a while back and wondering if it was worth it with the commission. Now, 50,000 shares is $500! I'll have to load up and buy some more another day.
Absolutely! Plus, it makes no sense to exercise the right to buy at .05 when the price is .05. They will likely not be exercising the option unless the price clears .10.
Agreed SIRG
Exactly. I can see someone buying 10k who's just dabbling in their stock account and throws $50 at something if they have some free trades. But to sell 5k @ .005 when you've seen millions in volume over 1 penny, is just manipulation and games. Sirg
That opening trade is so odd from yesterday. There are bids out there to buy at higher pps than the amount that the order goes off for. But I guess the orders don't become 'active' for a few seconds after open? And in that second, a savvy saboteur sells in some sort of strange split-second (great alliteration huh? thought you might appreciate that Salt!) pre-market(?) buy at LOWER than what the bid will be in another split second? Weird. It's clear that whoever is making these sells is losing themselves money in order to shake-out some scared souls. But it's amazing that they are able to 'beat the system' to do this. You try it and it won't work. I think it's a more expensive pre-market buy too. This person or MM has spent hundreds of dollars with this tactic on SIRG and even though it hasn't worked, it continues. Odd.
I completely agree. Well said. Sirg!
I saw that a few other "mining hopefuls" got hammered today. It happens. ;)
The facts are like a big baseball bat that just comes out of nowhere and BAAAAM. Nice work as always! SIRG!
Yeah. If a 47% gain makes my account lower then I don't want any 47% gains. I think we took a loss. Since my account is lower today than yesterday.
Yeah, it seems like someone out there knows some stuff and there are leaks and people are trying to get in under a few pennies now. SWEEEEET SIRG! also SIRGe!
Good Morning! Yup, another day in penny land and things are getting better. Just the beginning! SIRGe!
agreed SIRG
same here. loving the fact that no one sells to 1M shares on the bid for a penny. those who own, know it's gonna be worth a LOT more than that!
Sirg removed DTC chill, is on the road to permitting/funding, MPO formally accepted, LOI still on the table, all systems GO GO GO...
And yet it's funny how SIRG's solid progress makes the 'dissenting voices' so much LOUDER. If the voices were confident, they wouldn't need to shout so much. ATTENTION ALL! ATTENTION ALL! Yup, "attention" is definitely what you seek. If only your parents had complied. LMAO
I agree completely. SIRG has been taking great steps this year and the charts are looking good.
BOOOOM - DTC CHILL REMOVED!! Go Sirg!
Good point!
Hopefully SIRG can clear this up and remain OTCQB. Companies on the real PINK sheets are generally SCAMS, right? Aren't pink sheet companies just nothing but mining SCAMS? Being a PINK is a death sentence for a company since 99.9% of the time a PINK sheet company has ZERO chance of becoming a valuable stock. Hopefully sirg will clear this up because they wouldn't want to be associated with all those JUNK PINK stocks.
You and salty are actually trying to ask for facts from a KNOWN liar. That won't work
Can't blame anyone for waiting on the PPS to fall before buying. Those who bought at 0.034 are already down 91%. Where is the bottom?
I agree with you that funding isn't going to poof out of nowhere. However, I think it's just as flawed to assume the perfect funding situation as it is to assume that the funding will be complete toxic dilution. They can't get enough funds using toxic financing. IN MY OPINION, this whole thing goes away/falls apart if the ONLY type of funding they can secure is toxic financing. In that case you are correct, we'd see MAYBE .04 in production or maybe not even that. But there'd be ZERO reason to invest in a sub-penny with no current operation and assume so much risk if you believe that the ceiling is .05. According to what you've said, you've purchased a good number of shares between .004 and .008. If I was so sure the ceiling was .05, I don't think I'd make a lottery pick type investment in this stock to just get MAX 10X return on my investment.
The lottery play here is this: They MUST secure non-toxic funding or it's OVER. It's ok for them to get smaller amounts of the toxic stuff while they pay their upkeep bills and begin to dip their toes into pre-production waters and while they set up a long term funding situation. It's ok for Asher to dilute 20-30% of the current market cap while that happens... but it cant BE the long term solution. I'm long on this because I believe they will acquire a NON TOXIC pre and post production funding solution that will leave the share structure MATERIALLY similar to what it is today.
This thing needs to get into production with around 500M A/S sometime next year. Then we can see what the cash flow is, figure out what it should be valued at (based on estimates prob around .18-.25) for example and then watch the pps / liquidity grow and get nearer to that number.
That being said, I'd still NEVER EVER invest a single penny in a sub-penny stock that I wasn't willing to lose my entire investment. If you want better prospects than a sub penny, there are plenty of good companies out there that can give you an 8% return on investment. It's kinda funny watching as people with a 2-5 thousand involved freak out about the companies prospects. Um, HELLO, you put a few thousand into a SUB PENNY. It's sub penny specifically because it has issues that some are willing to gamble upon. Then you've got the other end of the spectrum, people who spend half their day posting negative about a SUB PENNY stock... Do you know what the biggest RED FLAG of a sub penny stock is....??? It's price per share is SUB PENNY!! LMAO
Looks like the MMID "PATH" is available 'after hours' and a trade maybe gets made pre-market for .0015? I don't get it. Check out www.otcbb.com and then put in SIRG "Depth LII" and tell me what you think of that. It's that PATH MMID that has a bid for .0015 . Is it possible that Schuab removes your order and re-places it every day because they don't offer after hours trading on penny stocks? sirg
Yesterday SIRG closed green on 40,000 ($350 worth) shares traded and you said that it was a 'painted close to prop up the PPS':
investorshub.advfn.com/boards/read_msg.aspx?message_id=77797096
But today you mention an 80% downward "hit" as a red flag. That 80% "HIT" as you call it was a sale of 2,000 shares 3 seconds after open for a total of $3.
Um... care to choose a line of reasoning? Um, which is it? Small trades are important? or not?
FYI All the volume (however small) traded today between .008 and .009 with the exception of 6,000 shares. the initial 2,000 for $3 and another 4,000 share trade that pushed the price down to .0055.
I'll wait for your reply.
In the past 6 months to a year, whenever the volume has spiked incredibly high, you can pretty much count on checking with the transfer agent and finding out that some amount of dilution has occurred. The reason? Most likely scenario is Asher. In order to pay for the expenses of maintaining a company like this (no matter how low the current overhead probably is), the company has to trade some highly discounted shares for short term financing.
Once Asher is able to convert, they convert a bunch, sell them ALL at a major discount to the current share price but a price that still makes them a nice profit. Then that selling ends, and a few people continue to buy sirg at whatever the ask is and the ask happened to be where it was before all the selling began.
It'd be a good practice to contact the transfer agent today again and find out how much the O/S increased and by how much.
I'm very LONG here so you can trust what I say is HONEST opinion.
All sub penny stocks have caution signs. Make sure you also note the positives in this investment as well as the caution signs. ;)
Many sub penny tickers do not have an asset, Just some promised JVs that never occur. Sirg has 80% of the rights to mine the chloride copper mine- a real location with completed engineering estimates of 10 years worth of production.
As far as the sub penny lottery tickets go, this is a promising OTCQB with much more transparency than a stinky pinky.
many pinks have gagged TAs. Here you get a much better picture (GOOD AND BAD) with the filings.
Many people don't understand the accounting that contains a negative retained earnings of $10,000,000. They don't understand the accounting behind the goodwill write off that likely caused that number. They don't understand that it ends up being a tax deduction against profit (though this is stated clearly in the filings) so actually if sirg Earned $10M in its first year in production it could pay $0 taxes.
Anyway, a deeper understanding is all anyone is after so remember to highlight the asset as well as the caution signs. Know what you own people. Listen to facts, filings, progress, don't listen to a loud chorus of people with unknown agendas. $Sirg