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NOT a good story on 60 minutes for anyone here who still, ridiculously, believes in this company!!
Yup, that's all there is so far!
The fish of CBAI stinks from the head, that is Matt Schistler!
SUPER volume today on SMAS!!
I think .0002 should be a good entry point to loose the least amount of money on CBAI!
Just a guess here - it will NEVER open!!!
This guy has NO clue how to run a PUBLIC company and be responsible and accountable to his shareholders. I'm looking like a genius right now for bailing at .07 - get out while you can because this guy and this company are a train wreck!!!
The only thing on file at MSHA is this..
Contractor
ID Accident
Date Degree of
Injury Classification Occupation
Activity Total
Exper. Mine
Exper. Job
Exper.
9/29/2011 Days Away from Work Only Powered haulage Truck driver
Operate haulage truck 1.07 1 .07
Bruised - nothing broken
New developments from May 2010, seriously?? SMAS is still in default of the court judgement - the case was not against the CEO, it was against the company, Somatic Systems!
Suggest all do significant DD in ANY dealings with this company or the stock!
That was more than 9 grand that SMAS lost in judgement to me, is there a personal concern here because I believe it has been adequately addressed on this board years ago?
Check SMAS's CEO on the web and his ownership of Whole Solutions.net - he spends a lot more time running that company than SMAS apparently!
SMAS has been milking 'investors' for years through deceitful pr's and conference calls - the evidence is readily available on the web.
Question was asked and answered 2+ years ago, suggest DD by anyone with questions on SMAS!
Current listing on OTC Markets - buyer beware!!! http://www.otcmarkets.com/stock/smas/quote
SMAS Somatic Systems, Inc.
Common Stock Grey Market
OTC Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
Consequently, OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
Something to keep in mind is that the expensive part of this operation is the mining end, not the milling end. The stockpile represents an awful lot of expense in labor hours and equipment expenses. It also represents quite a large amount of gold that, once run through the mill, will be extracted. No one would expend all of the cash involved to make a stockpile that large unless they had every intention (and confidence in that intention) of processing it.
"Data Retrieval System" - it's the last item on the bottom or the right-hand column.
We're talking about the MSHA numbers, not the 10K.
I found the 3rd quarter results when they were posted on 10/14, so I'll guess the 4th quarter numbers will be posted on 1/16/12.
It is so blatantly obvious at this point that CBAI is a p&d for the benefit of Matty!
20% of the daily volume so far was ME
It cost me $1000 more than where I started this morning, but I just don't think it's going to go back there and I didn't want to have to go above .015. I saw there was enough there to almost fill the order so I jumped on it.
Took out the .015's, still have 33,250 left to fill!
Now I'm on the bid, had to up the ante!
Nope, that's not mine - someone else must be hungry too!
Totally agree! Powder just dried and I've got another 500k order in this morning to bring me to 4 million shares :)
Thanks airdale!
When you send an email to a company you have to realize the restrictions that they are held to in formatting your questions. If you ask about anything that could remotely, under any circumstance, be considered to be divulging insider information, then they cannot answer.
I wouldn't read too much into the response Robo. I asked a specific question about specific situation with a public entity, MSHA. I'm sure he answered the question because it wasn't so much about the company but about the process of having outstanding fees and whether that has any bearing on the relationship moving forward. If I came off as demanding an answer about the state of the company I'm sure that my mail would have been ignored.
The total of the fines is $651, it's not like they can't afford to pay them.
I wrote Mitch a few weeks ago about it and got the following reply...
"MSHA will give citation’s that can be minor or major. There are fees assessed which can then be appealed or paid. In either event the timing of paying the fines have absolutely no effect on our operations or our relationship with MSHA and should not be of a concern."
Yup, spun off a dividend on the other stock, but unless you sold it it's now virtually worthless. Been in this since 2006 - hope you sold the spinoff stock!!
The reason I was having trouble is that it's an inferred relationship. The company had to announce the repurchase program before executing it. In that announcement there are things they are required to state. One of those things, is where the money is going to come from for the repurchase.
In their announcement they state -
Looking for it, I did a lot of reading on the topic when it was announced and difficult to remember where I saw it, but I will keep looking.
This is an excellent source of information on repurchase plans -
http://www.dorsey.com/files/tbl_s21publications%5Cpdfupload141%5C304%5C100%20stock%20repurchase%20programs%20020328.pdf
By law, they cannot repurchase any shares until they are profitable - so it doesn't matter right now.
It's really irrelevant what posters on this board predicted the recovery rate would be. The company advised us on 8/16 that THEY expected a rate of .4g/yd3 on everything they were going to process for the last half of the quarter. They didn't come anywhere close to that.
Based on the calculations that I posted yesterday, I believe 54% of the processing was done on the stockpile, which was actually higher yielding than the freshly mined gravels.
Holding 3.5MM long and strong here, just highly disappointed in what I read yesterday in the 10-Q.
Because it's an artificial number bolstered by the one-time Project W payment. Without that we would have had a $460,000 loss for the quarter...
From today's PR, it sure appears that it was newly mined gravels. I'm not even sure if after processing gravels that it is possible to reprocess them.
Read it again, the 8/16 PR says that they had processed the