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Best case scenario is probably going to be MXAM jumping on the MMJ bandwagon with the next round of progress and pumping in the MMJ world. Other examples who haves jumped on the bandwagon ran to at least the mid 00's so here's to hoping for everyone!
It could happen any day with the house voting to essentially federally decriminalize medical.
It's anyone's guess.
Well, in the past when small pumps occurred, there has been massive resistance at 0006. That could have something to do with the fact that there are 7 billion shares issued. Yet, if it breaks that, I'm guessing 0012 if things go well for the next pump.
If they know what they're doing, and its illegitimate B.S., but they still release news to feed the hype from the pump at the right time maybe 002-003. If it's legit, which as always with these stinky pinkies is unlikely, then it depends on the news. But reasonably good news, and we might be looking at a penny or two. Not much more than that after the reality sets in that they're still going to be in debt up to their eyeballs, it'll abruptly readjust.
All just my opinion, of course.
Anyone else sense a pump coming on? That's the only explanation for the volume.
Get in early and maybe you'll be able to ride it up and get out with your pride and dignity before we see an R/S. Unless of course by some miracle they announce that they were waiting for 1400 dollars an ounce or something, and they have a massive stockpile of gold bought from exploited 3rd world areas, the only thing that is going to move this is a big ticket promotion. Just my opinion.
I'm fairly certain MXAM is associated in some way with the pumping going on in the world of medical marijuana stocks. Take a look at the parallels between the bumps in price of the overall price of the marijuana market and the excessive volume and pumping for MXAM. I'm not saying there's definitely some sort of conspiracy or fraud going on, I'm just looking at it from every angle. And that isn't necessarily a bad thing either. It might indicate some opportunities in the near future for those of you who didn't play this right to get out with your rear end still attached. Who knows. Just speculating.
I can't even imagine where it would've shot to if there was a little more support from promoters. Rather than 1500 dollars, what would a 15000 dollar promotion do? I'd say a whole lot. And this seems to be a favorite of promoters, so that's not out of the question.
Even if MXAM is completely illegitimate (Which I doubt they are), I would bet that we make it out of the 000's before November, even if only for a brief period. If they are legitimate? Then a lot of people are going to have exceedingly happy wallets.
I'm happy I was right, that even a minuscule little bump in awareness could launch MXAM. A small bump did, in fact, make this move, and move QUICK. On real news? The interest is obviously there to send this flying. This has the now undeniable potential to absolutely and unequivocally skyrocket.
But I think what he's saying is, the profit gained by selling zero cost shares at .0001 is relatively small compared to operation costs. And should they simply be printing or issuing shares as a completely bogus company the reward relative to the risk is fairly significantly skewed. Just bumping it up to the 5's or 6's wouldn't be difficult at all, the risk would be the same (Fraud is fraud no matter what face it makes), and the reward would be far more justified. Wasting all that effort on an elaborate scam to only make a 10th of their potential profits would be pretty stupid (Way more if they really wanted to all out lie, and claim that they have the 43-101 and gold) in my opinion.
Everyone just has to stay diligent and keep watching daily. Any number of things could happen with this. But as always, the potential upside is absolutely massive, if they turn out to be legitimate.
The average ask at .0002 has doubled since last week... Hmmm. People trying to get out? Or .0001's being sold to try to turn a profit. Might be dropping to the .0001's soon without any news...
At this point I think any news would do. Hopefully if there's a massive volume spike, it's heading up, not down. But there needs to be news for that. Oh well, at this point most can only hope for some solid news. Unless you're just getting in, and have a huge 0001 order out there right now.
Lets get rolling, say SOMETHING management. Silence is not the answer, even if this is just a scam. I would hope it isn't. Even if it is only 45 dollars, it's starting to head towards being significant amounts.
Why did this explode??? I'm looking at the report and seeing declines in everything across the board? Am I missing something?
Dollar value of trades at 0.0001 since the bid has dropped to 0.0001: $18.10
Dollar value of trades at 0.0002 since the bid has dropped to 0.0001: $3770.00
And there has been no fluff or baseless PR release to hold this ratio in check, which is promising for a nice run, no matter what sort of news is released, as long as the news involves the company bringing in some sort of item that has its value based materialistically, rather than speculative and forward looking statements.
I think that if management were actually dumping, they would've satisfied their pockets with the easy 30,000 dollars that they're missing out on with the big support at .0001. All just my opinion though.
No, you didn't ask them if there was a gag order issued. You simply assumed based upon your previous experience that a TA requesting that you contact the company automatically means that the TA is gagged. Dilution is very typical of a company who has a gagged transfer agent, and that is absolutely correct, in 95% of the cases. This does not fall under that category.
The Action Stock transfer agent has a policy not to release information about the share structure of any of the companies that they represent, and Maxam is not an exception to this rule. Try asking about ANY other company, including those on much higher tiers of the OTC market, and you'll find an interesting trend. Action Stock refers you to the company every single time.
Did they specifically say they were gagged? Or did you ask them if it is simply their policy not to give out information about any of their companies that they represent.
That's actually completely false. The TA is not gagged. That note should be taken down.
When did the previous round of dilution occur?
I think if people genuinely believed that Maxam wasn't going to move back to at least mid May levels, we would've seen .0001 already. If there was a time to get out in case of a massive R/S, now would be it, considering there's been around 30,000 dollars of support on the bid for days now. But it appears as though no one is going to flinch.
And no one can say that there's hasn't been a .000 run up to Pennies in recent memory. Everyone is simply waiting to make sure this company is legitimate.
MXAM
What is your opinion as to why Maxam has not yet announced any sort of ore findings? I'm guessing it's because they don't have the NI43-101, and they don't want to announce something like that without being able to back it up until they get revenue from the gold that they have already have in reserve, and refined for sale. This way, they can break from the pack of typical scams involving illegitimate companies in the 000's on the Pink sheets.
It is my opinion that the reason Maxam has not brought in revenue from gold sales, is because operations are being funded by third party investors, and Pembina Limitada itself which acts as a sort of shield from prying eyes who might get turned away by the proposition of a company spending significant amounts with no real returns as they wait for the value of gold to rebound. Seeing heavy spending with no real returns would put a nail in the proverbial coffin for a company trying to work its way out of stinky pinky land.
But it is also my opinion that we are not going to get out of this without a reverse split. With a reverse split, the company would give itself the opportunity to gain increased exposure to more reputable markets, making it significantly more attractive for larger companies, and bigger time investors. Reverse splits ARE NOT always a bad thing. And a 10:1 R/S would do an awesome job at reeling this baby in to realistic levels. I think 7 billion at a dollar, or 18 billion at 2.50 would be a major over-valuation as operations stand, if they turn out to be returning as much as everyone hopes, and as much as the company expected. I mean that would be nice, and there would be a lot of millionaires (And billionaires) made instantaneously, but I sincerely doubt that would happen. Not that it never has happened in the history of the market, but I don't see it happening here.
Without revenues, this will not move. A 43-101 will bring it into fairly profitable territory for investors, but I sincerely doubt that we'll see anything except a move to a higher tier inside of the OTC Market. And there is no way the company will make it out of the OTC Market without a reverse split, unless this is the most perfect play since Walmart's IPO. So is this the Walmart of ore mining companies? No. And if you're banking on that, you might as well go buy a mega millions ticket, because there's a better chance of winning your fortune on that than this being the next Walmart.
Is this going to be a solid company after a 43-101 and reports of ANY worthwhile revenue? Oh yes, very much so. Odds are after a small R/S. But that's my opinion.
And yet the ratio of 1's to 2's traded is 81 thousand to 17.85 Million since the bid has changed. Or $8.10 to $3570.
I'm talking if this is what everyone wants them to be. The dream company that they hope to be. Even if they absolutely blow expectations out of the water, we would still be looking at a 10:1 split and at the most 1.00. That would value it at 700 million. That would be about right if they become EVERYTHING that they claim they could be, as their potential operations stand right now.
Oh wow, 80,000 shares at .0001. That's really getting HIT... And then 7 million at 2. That was all that happened yesterday.
I doubt we get through all of this without an R/S. But 10:1 is actually not a bad thing. It would reel it all in, and at 1.00 PPS we're looking at 700 million vs. 7 Billion. I don't think that with the scope of the operations, anyone would value this company at 7 billion dollars. But 700 million? Not far off from a medium sized mining operation working towards becoming big-time. Maybe if they randomly popped out 2 more major operations that were producing unheard of amount of gold in Nicaragua it would be possible.
10:1 isn't bad at all for those who have any sort of position in this. Especially not if we can see a dollar or more from it.
MXAM
We'll see the fruits of our labor of patience pay off. As I've said in the past, whether it triples, or explodes, eventually we'll make money off of this.
It's nice to see someone that backs up their opinion with some sort of materialistic evidence.
I mean, if you want to be honest, the 3's are just being painted on there. So that's a bad indicator of the actually PPS. I think it's been a while since any significant purchase in the 3's has happened. But we'll get there. It just sucks that things are taking a while, but that's to be expected from a company trying to get a mining operation functioning in Nicaragua.
MAXAM TRANSFER AGENT NOT GAGGED
The Maxam transfer agent is not gagged. When asked specifically, they have not been gagged, it is just not their policy to release information about the share structure of the companies that they represent.
Proof does exist that Maxam has gold, brought in through their joint venture with Pembina Limitada. This was found in export documents from Nicaragua. Essentially, they're doing exactly what they wanted to. They're progressing towards creating a stable company in Nicaragua, but they need a lot of time, and a lot of funds. Companies don't go from 0 to 1 billion in a matter of months. They aren't releasing a bunch of bogus PR. They're not releasing much at all at the moment, because they don't want to make themselves look like a scam, but they are updating when they can about any serious movement within the company.
If this is a scam, these guys are really really bad at it, and while being incredibly bad at it, they happened to corrupt a very reputable lawyer along the way, with essentially nothing at all beyond maybe a few thousand dollars. That doesn't add up.
I was just speculating on the fact that they are original photos of some facility, in an area geographically and dendrologically similar to Nicaragua. Could they be taken by some fraud waltzing around new or long unused facilities in Nicaragua intended for gold mining for the purpose of posting on his max-amgold website? I guess.
You realize that Action Stock has a policy to not release information about any of their companies, correct?
Did you contact the company?
You've confirmed that there is no possible way whatsoever to get information about their shares? At all?
One thing that's semi comforting, is that those pictures aren't traceable anywhere else on the internet. So odds are very good that they're original, and taken for the legitimate purpose of showing off equipment set up in the area.
Also, Earnest, they really don't release much news at all... And I consider it a good thing for something this small, because it's fairly obvious that they aren't going to have much cash to operate on, and so they aren't going to be moving very quickly at all. They're just commenting on prospective locations made available to them through the funding of investors, they're excited about it, and they wanted to let people know. It would be a real shame if this was a scam, because there are a few really legitimate people involved, and they'd be throwing away a lifetime's work for a few thousand dollars. Not millions, but a few thousand.
Is the joint venture between Pembina Limitada and Maxam illegitimate?
It's been verified in a few different ways. It's just that, for some people, Technicals, and typical behaviors of 000's outweigh any sort of verifiable basic fundamental operations that the company is carrying out. Export manifests, and direct testimony to back it up. That's just not enough for some people. Should it be enough for everyone else risking a few grand? Maybe, maybe not, I guess that really comes down to whether or not you're willing to risk it.
The promotion to push it to 6 was puny at best. I'm pretty sure if they wanted to pay more to push it further, it would be entirely within their grasp. I'm going to have to disagree here.
If I was a CEO planning to make millions by dumping, I know I wouldn't want to do it in the 000's when I easily have the power to push that into the 00 or at least high 000's and make significantly more profit, while pushing far more volume in one fell swoop. Insider dumping just doesn't make sense right now. I understand why you would say that, but psychologically and financially, that would be a terrible decision from the insiders. It would be such a waste of time and effort.
Well, if you consider that close to 1 billion shares changed hands in a matter of a few days, with the expectation of a PPS higher than .001, there were probably a lot of people that got sucked in with the impression that their investment would run. A percentage of those were sold for a profit. Lots were bought at 4 and sold at 5 or 6. A percentage of those were sold for no gain, and the rest were held by those hoping for another run, or a lottery-ticket-like multi-bagger. A percentage of those are either still holding on, or still trying to sell. If I remember correctly, there was also an instant where a purchase of 65 million shares at .0001 was made, so that should be accounted for. Considering the fact that others also may be loading up 2's in hopes of a run, then re-selling their shares because they don't want their capital tied up, and the stock isn't moving as quickly as they expected it to, this could get fairly skewed. I mean they could run out tomorrow. But I doubt it. I think the only time that the 2's are going to go away is when Maxam announces serious production, or even just an announcement of some small revenues. But if I had to venture a guess, another 100-200 million before the twos grind to a halt, and hopefully people start chipping away at the 3's. Not a great feeling, but that's my guess without any real, solid news. In the case of solid news? Say goodbye to the 2's, and hopefully say hello to the sky, because that's the limit.
If Nicaragua is telling the truth, it means that Maxam has to have some amount of gold. It was part of the deal in the joint venture with Pembina Limitada. Whether it's just over 40,000 dollars worth, or half a million worth, it's still gold, and it proves that Maxam is a legitimate pink sheet company. If that is the case, then a mild R/S might be in order, as 7 billion shares is a lot, but everyone who was dedicated and loyal should be well in to the green.
Do you think it's possible that Nicaragua is falsifying export documents??? I mean, I suppose it's pretty easy to confuse 3 or more separate exports totaling over 40,000 dollars in value, that aren't actually gold. The board of directors are probably bribing the government with their huge wealth of cash. Oh... Wait. Like you said, they don't have any cash, so there goes that theory. I guess we'll just have to accept that those exports are legitimate, and consequentially that Maxam has gold.
That's a blatant misrepresentation of data. There was volume today, go look at the chart. The market closed at 1.
Oops. My mistake. I just felt like starting a good argument before I went in to work.
Wait... I thought that report was illegitimate and fraudulent...