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I have no idea how u can say no jv deal is possible due to the lawsuit.
First, last jv deal occurred while a lawsuit was pending in Mexico (which ended in uspr's favor)
Second, an entity looking to do a jv deal with uspr can look at the facts in the lawsuit...and if their lawyers feel the suit is frivolous, can recommend moving forward with the deal.
This application is over 5 yrs old...and made out to noble technologies....not plasma arc. Does not mention anything about coolant system necessary for plasma system's extreme heat?
How does that have anything to do with rtc/pth... UNLESS YOU ARE TRYING TO TELL ME RTC/PTH KNEW THEY COMING TO NEVADA ALL ALONG....THEN THE PLANT THEY SAID WAS FINANCED AND READY TO BE BUILT IN CALIF. WAS A HOAX...A FRAUD .... ALL ALONG
BESIDES LET ME RESTATE THE RELEVANT ISSUES IN THE LAWSUIT.....
RTC/PTH IS IN TOTAL DEFAULT/BREACH OF CONTRACT....NEVER PAID THE $5,000,000 PAYMENT /// NEVER BUILT A PLANT AT 29 PALMS, CALIF.
because the location was NOT amended ....
and do you honestly believe they are building a plant in reno, nv - when they couldn't afford to build one in 29 palms, ca.
WHY YOU'RE AT IT, GOOGLE BARRINGTON SCHNEER
BASED ON THAT THEORY, THEY COULD BUILD A PLANT ON THE MOON ...
THAT'S WHY YOU DRAW UP CONTRACTS ... THE CONTRACT SPECIFIED THE PLANT TO BE AT 29 PALMS, CALIF.
TOTAL BS
FIRST OFF, THE PREFERRED SHARES ARE WHAT USPR REVOKED WHEN THEY CANCELLED THE RTC/PTH AGREEMENT. I THINK LAST TIME I LOOKED, PANE HAS A COUPLE OF MILLION SHARES.
SECOND, LET'S USE SOME COMMON SENSE AGAIN. IF PANE/SPANO HAD THE VOTES, WHY WOULD HE BE POSTING ON A MB - DESPERATELY LOOKING FOR VOTES.
THIRD, YOU HAVE PREVIOUSLY STATED, AND I AGREE THAT CONVERTS ARE JUST IN IT FOR THE PROFIT - THE 40-50% CONVERSION PROFIT. AND MOST OF THE CONVERSION HAS ALREADY OCCURRED ... - BUT NOW IN YOUR NEW SCENARIO, THE CONVERTS ARE GOING TO ALL OF A SUDDEN CONVERT AT ONCE, AND NOT LOOK FOR THEIR PROFITS - AND VOTE FOR PANE.
THIS IS A LAST DITCH EFFORT BY PANE AND SPANO TO EXTORT SHARES FROM USPR - BECAUSE ONCE GOLD NUMBERS ARE PROVEN, AND A JV DEAL IS IN PLACE, HE WON'T STAND A CHANCE.
ALREADY LOOKED AT ADDRESS
BOTH MODERN MINING SOLUTIONS & PLASMA ARC TECH. at address
JOSEPH SPANO MANAGER
so what ... the contract with pth/rtc involves a plant at the 29 palms address .... not reno nv
BTW, LET'S USE SOME COMMON SENSE - CLAIMS WERE MADE THAT THIS PLANT IN RENO, NV WILL BE THE GO TO FOR THE MINING INDUSTRY - SO WHY IS PANE AND SPANO SUING USPR FOR SHARES THAT THEY DON'T DESERVE --- THEY ARE IN DEFAULT/ BREACH OF CONTRACT --- NEVER BUILT A PLANT AT 29 PALMS ... NEVER PAID THE $5,000,000 .......
IF THEY COULDN'T COME UP WITH THE MONEY FOR A PLANT IN CALI., WHY DO YOU THINK THEY COULD COME UP WITH THE MONEY TO BUILD A PLANT IN RENO, NV?
IF THEY HAD SO MUCH MONEY, WHY DIDN'T THEY PAY THE $5,000,000 PAYMENT?
DOES ANYONE REALLY THINK THERE IS A PLANT AT RENO, NV. IT'S A DISTRIBUTION WAREHOUSE.
Tahoe/Reno Industrial Park
1280 Alexandria Court, Mccarran, NV 89434
N/A
Industrial
Create Report
Print
Industrial Property - Off Market
Rental Rate:N/AMin. Divisible:15,600 SFProperty Type:IndustrialProperty Sub-type:Distribution WarehouseAdditional Sub-types:ManufacturingBuilding Size:31,196 SFYear Built:2005NNN Expenses:0.07Listing ID13357174Last Updatedover 1 year ago
http://www.loopnet.com/Listing/13357174/1280-Alexandria-Court-Mccarran-NV/
If pane and his buddy's had so much money
1) how come they never completed plasma at the california location,
2) where was the five million they were contracted to pay uspr
3) and if they had all this money , why did PANE do a toxic convertible last year - which is now driving the pps down? i'd estimate $800k in total!!!
ALSO, IF PANE HAD 51% SUPPORT, HE WOULDN'T HAVE RESIGNED .... MAYBE YOU'RE COUNTING THE 125 MILLION SHARES --- WHICH PANE AND HIS CRONIES WILL NEVER SEE ....
JWAGE
you know lots of people in nevada ... can you have one of them go to
..... 1280 Alexandria Ct, McCarran, NV .....
and check to see if this is just more bs !!!
it looks like it is 12 miles east of reno off of i80
interesting trading so far ...
cdel is off the ask ...
150,000 was available at bid of .07 - only 90,000 taken as a block - assuming this was convert seller (thru mm), why didn't they sell the whole 150,000 - like they were doing for last few weeks - eating the whole bid block ... done selling ???? close to done selling ????
actually, cdel is on the bid
where do i begin ....
plant in reno nv???? POST AN ADDRESS .... ANYONE
USPR'S DEAL INVOLVED AN OPERATIONAL PLANT AT 29 PALMS CA. - NOTHING INVOLVING A PLANT IN NV WAS IN THE DEAL - DEFAULT - BREACH OF CONTRACT. AND I DOUBT THEY HAVE A PLANT ANYWHERE ...
WHERE'S THE $FIVE MILLION - DEFAULT - BREACH OF CONTRACT
IF THEY HAVE THIS GREAT PLANT IN NV WHICH IS GOING TO BE THE GO TO IN MINING, YOU GUYS ARE GOING TO MAKE A FORTUNE, AND DON'T NEED USPR ....
DO YOU HONESTLY THINK SHAREHOLDERS WOULD CONSIDER SUPPORTING JERRY PANE AGAIN? ARE YOU OUT OF YOUR MIND? 1) HE IS SUING THE COMPANY FOR 125,000,000 SHARES - FOR NOTHING IN RETURN ... 2) IT IS HIS TOXIC FINANCING DEAL WHICH HAS DESTROYED THE PPS 3) WITH HIM IN CHARGE, WE WOULD STILL BE WAITING FOR MESA TO FUND THE DRILLING CAMPAIGN
since you have stated hundreds of times you have never owned and never will own uspr shares, why would you use the word "us" ?
slmufan
i guess the rats couldn't get enough support ... because if they are trying to regain control for pane, the last thing you want to do is sue the company for 125,000,000 shares or $20 million ...
plus imo, certain facts will come out re: pane and spano - and no shareholders would consider supporting pane after these facts surface
of course there is going to be a counter suit ... seeking damages and legal fees for filing a frivolous lawsuit against uspr...
pane's suit is an attempt to get some shares from uspr to drop the suit ... BUT THEY ARE TOTALLY IN BREACH OF CONTRACT - never made the 5,000,000 payment - never built the plant - has missed multiple deadlines
furthermore, if this goes to court, imo, uspr will seek a summary judgment
pane must be retarded to think he can extort shares now ...
btw, would be very interesting if they get pane and spano on the stand, and ask him about certain situations --- like was spano and friends selling shares prior to the lawsuit - that would be insider trading - since spano would know about the lawsuit since he is partners with pane ...
during discovery, it would be interesting to find out if anyone associated with pane and spano was selling prior to the lawsuit ...
lower volume today ... about 50-50 traded at buy vs ask ... NO AFTER HOUR T TRADE 2 DAYS IN A ROW ... looks like "the seller" (converts) may be done or very close to done
but someone else is selling last couple of days --- bmak used to be the mm for a seller (not convert seller) --- back a ways --- haven't seen him in a while --- popped up last two days
not sure who is selling now ... or why ... but sooner or later we'll find out
before we even discuss whether or not the current management team should be replaced, let's discuss how would a shareholder meeting be paid for? anyone willing to guess how costly these things are?
now let's discuss why would SHAREHOLDERS want to replace the current management team?
in the few months they have been in place, they have:
1) ended plasma deal - ending a 125,000,000 shares dilution
2) ended legal problem with ex-lawyers
3) funded the current drilling campaign - results of this campaign are excellent so far
so at this point in time, don't you think we should wait for the rest of the drilling results - and then wait for the technical report (including mapping of mineral deposits) - see if some reserve numbers can be generated - see if a jv deal or buyout can be negotiated - possibly see if minimal mining can be done to generate revenues
why would SHAREHOLDERS want to replace current management when finally, something is being done to increase the value of the company...
DRILL (check) PROVE (working on it) SELL (imo, as soon as prove occurs).
thanks for pointing out that cdel was now on the bid --- which it hasn't been for weeks.
i agree - "the seller" could be done today --- or getting very close...
one additional interesting tidbit - no after hour trade today - and the trading today certainly resembled the same pattern as it has for weeks ... and the volume was certainly heavy enough to implicate that "the seller" was selling today
maybe the seller did his own trading/selling today --- because he was done --- and therefore, no after hour settlement trade was necessary
SO THERE ARE SEVERAL THINGS THAT ARE DIFFERENT TODAY ... i guess we'll have to wait and see ... but it does not change the fact that S.O.T.G. has never posted that the seller might be, could be, or is finished UNTIL TODAY.
trade just confirmed
one other thing - assuming the significant portion of the selling is from the convertible --- who is doing the buying ?
not counting the two days after the promotion back on 6/23 - WHICH THE COMPANY HAD NOTHING TO DO WITH - there's still been 15 million shares traded (some has been double print volume --- mm settling trades being made for convertible seller --- some days as much as 80% was this seller + after hour mm settlement) even if 5 million was attributed to after hour mm settlement - there still has been 10 million shares bought - strongly doubt retail has been buying that much ... like i've said, the current pps is artificially low due to the convertible sellers liquidation... once he is done, pps should recover ...
furthermore, the eventual pps in the future will reflect the reserve numbers and any jv deals and inevitably, the buyout price
buying 70,000 @ .08
i am fairly certain we are seeing the last selling from the convertible seller ... sometime this week he should be done ... but based on today's aggressive selling, i think he could be done today ... we'll see
80% of the sell wolume was from the convert seller today ... 200,000 after market - adjusting 200,000 sold during market out of 500,000 total volume
not many people are looking to sell this stock ... except for the convert seller ... once he is done, i see a lot of upside ....
so besides, convert seller and after market adjusting, 100,000 sold - 300,000 bought ...
just an update on this previous post ....
another stock in the mining section, arch coal - aci - is down to .105 (the actual pps of 1.05 includes a 10:1 reverse split from earlier this week) from almost $3 a year ago - down over 96% ....
talk about stocks "i wish i had shorted ...."
On a ferry...so can't check L2...but see there was definitely after hour t trade ... can someone confirm this, and list volume of after hour trade...assume price of trade was .093...since it closed at .1039
based on the trading i am seeing today ... large chunks chewed up at the bid ... i believe we may see an after hour t trade - meaning the converted share seller was not done ...
have to wait and see ...
good news is, despite close to 7 million shares dumped thru convert seller, there are still lots of buyers who must still believe the underlying story --- THAT THERE IS A LOT OF GOLD, SILVER, AND COPPER ON THE PROPERTY - and eventually the pps will be determined by the buyout price ... not the current bs
i totally agree ....
hopefully, this drilling campaign, combined with previous results will entice a jv partner to fund a much bigger drilling campaign to discover what resources exist on other unexplored parts of the property - and to achieve proven reserve status
boy there is a lot of bs on this mb lately !!!
company did not start trading publicly until jan 2006 - 9 years ago.
and i don't know of anyone currently on this mb (besides jwage)who has been around much longer than me --- and i only started trading this stock in 2011 - 4 years ago.
"15 years of nothing" - just a lot of bs
i guess next, the current management will be blamed for "15 years of nothing" - even though they took over from pane this year.
honestly, i am having a very hard time figuring out what is wrong with saying "prove and sell".
originally, it was drill, prove and sell. GUESS WHAT --- THEY ARE DOING THE DRILLING THEY NEEDED TO DO !!!
SINCE THE ASSAY RESULTS ARE INCOMPLETE AT THIS POINT, CAN'T SEE HOW ANYONE CAN PREDICT THEY WON'T BE ABLE TO "PROVE". isn't it wise to wait and see what the future technical report will have to say, before one jumps to the conclusion that there won't be a "prove".
and any idiot knows, if they are able to "prove", and the proven resources are extraordinary, then selling will be easy.
and since i strongly believe that they have tens of billions in gold (NOT TO MENTION HOW MUCH THEY HAVE IN COPPER AND SILVER), it is only a matter of time before they "prove and sell".
THIS IS THE MOST BS OF ALL!!!
YOU MAKE A STATEMENT THAT THEY DIDN'T FOLLOW THE RECOMMENDATIONS, AND THEN ASK IF THEY FOLLOWED ANY OF THE RECOMMENDATIONS ....
SHOULDN'T YOU FIND OUT IF THEY FOLLOWED ANY RECOMMENDATIONS BEFORE YOU MAKE THE STATEMENT THAT THEY DIDN'T!!!
YOUR POST --- MY COMMENTS IN RED:
as for RECOMMENDATIONS--- A DIRECT QUOTE FROM USPR'S NON COMPLIANT 43-101. ANY OF THIS DONE???? (((HOW CAN YOU STATE THAT THEY HAVEN'T FOLLOWED ANY RECOMMENDATIONS --- AND THEN HAVE TO ASK "ANY OF THIS DONE?")))
• More work on the geological interpretation is needed as a first step before additional drilling commences
THIS WAS DONE ... SATELLITE IMAGING... GROUND SURVEYING
• Data handling in the field and office needs standardization and improvement.
YOU HAVE NO IDEA WHAT CHANGES THEY MADE re: DATA HANDLING
• All mapping must be converted to the same grid system. This will allow incorporation of information from past exploration work.
ONCE AGAIN YOU HAVE NO IDEA IF THEY WILL CONVERT TO THE SAME GRID SYSTEM WHEN THE NEW TECHNICAL REPORT IS PROCESSED. COMMON SENSE SAYS THEY WILL --- SO THEY CAN INCORPORATE THE PREVIOUS DRILLING RESULTS...
• Density measurements are needed for the mineralized zones and the surrounding rocks.
• A written sample handling procedure is needed.
• Metallurgical testing is needed to determine whether the copper/silver bearing sulfides can be separated from the gold bearing sulfides.
INSTEAD OF WRITING THREE NOTES - I'LL INCORPORATE INTO ONE --- SAME THEME --- YOU HAVE NO IDEA IF THEY ARE FOLLOWING THESE RECOMMENDATIONS FOR THE ABOVE THREE ITEMS
LIKE I SAID THE MOST BS OF ALL ....
YOU MAKE A STATEMENT WHICH YOU CANNOT POSSIBLY SUPPORT WITH FACT --- YOU EVEN ASK IF THEY ARE DOING THIS --- BECAUSE YOU HAVE NO IDEA WHAT THEY ARE DOING
THEY NEVER EVER SAID IT WAS A FULLY COMPLIANT 43-101 ....
everyone knows a non-canadian company cannot submit a 43-101 for canadian govt approval.
MORE TOTAL BS !!!
anyone watching the trading patterns of the last month or so, would be well aware that the converted share seller had been selling into the bid. anytime a large bid would show up, the seller would eat the whole block (selling) - in its entirety. that's how several large blocks were traded.
there were some large blocks on the bid today, and opportunity to take out the whole block (sellling). some shares were sold into the bid - but never eating the whole large block at the bid. only nibbling small pieces.
TOTAL BS !!
since the rtc deal was cancelled, who got rich from the rtc deal?
why don't you tell us what insider received and still holds one single share from the rtc deal since it was rewritten, and then eventually totally cancelled !!! they only demanded the shares after uspr cancelled the deal.
drilling has occurred - and assay results have been reported - SO WHY THE HELL DOES USPR HAVE TO PROVE THAT THE DRILLING PROGRAM TEAM EXISTS? common sense would dictate that they must exist - or how did the drilling get done, and assay samples get shipped? magic?
anyone can sue anyone ... so what ... rtc is in total breach of contract - NEVER MAKING THE 5 MILLION DOLLAR PAYMENT ON TIME .... SO WHAT ARE THEY GOING TO SUE ABOUT ??? once again common sense tells one that if one party is in total breach of contract --- missing THE critical payment - not building an operational plant on time, etc. --- they can sue all they want --- but they won't win !!!
WHAT RECOMMENDATIONS FROM THE PREVIOUS DRILLING PROGRAM HAVEN'T THEY FOLLOWED? they proved continuity --- which was the critical missing component in assessing how much gold, silver, and copper was present.
may be premature, but there is no after hour t trade today (yet - and in the past few weeks, these trades usually popped up by 4:15)....
does that mean the seller of converted shares is done? we'll see ....
my previous post has been totally distorted.
the gist of my post was that the story has dramatically improved recently - this year.
there is no longer a conflict of interest involved with rtc. and 125,000,000 less shares in the o/s. THIS IS INDISPUTABLY TRUE !!!
bringing up faulty deals that occurred years ago, under previous management, has nothing to do with what is happening now. since pane resigned, what 8k involved fraudulant statements?
over the last 6 months, pane resigned. o/s dramatically decreased. conflict of interest disappeared.
as far as rtc sueing - THERE HAS BEEN NO MENTION OF ANY LAWSUIT - and uspr has reported any lawsuits in the past.
the problem with the ex-lawyers has been resolved/settled, and paid for.
the current drilling campaign has proved to be way better than expected .... and proved continuity.
ONCE AGAIN, ALL THESE FACTS ARE INDISPUTABLY TRUE.
btw, saying there is no gold is bs .... when all the evidence from the drilling programs proves otherwise. maybe it is impossible to determine proven reserves YET - but that doesn't mean there is no gold. and let's not forget there is also a lot of copper and silver too.
actually, the truth is that the "story" has dramatically improved over time.
the o/s dramatically decreased, when uspr cancelled the rtc deal (125,000,000 fewer shares in the o/s).
the previous drilling campaign recommended additional drilling to prove continuity. the current drilling campaign has proven continuity.
the current drilling assay results are way better than expected. drill holes 11 and 15 are world class. it still remains to be seen how much gold, silver, and copper is on the property, but the current drilling results surely makes the "story" better.
just because the seller converted and sold his shares in a short period of time, driving the pps down, does not mean the "story got ugly". just means once the seller is done, the pps will return to higher levels.
btw, uspr is way closer to a new jv or a buyout, than it has ever been.
been doing this for weeks ... anyone paying attention knows that there have been these after hour trades for weeks
"an actual trade" .... not really ... as you stated, the market maker has already sold the shares ... this trade just balances the books ... the seller is "shifting" the shares to the market maker so the market maker is not "short" .... but an actual trade ... not really
btw, many other people know how much is/has been traded ...
for example, the transfer agent. also uspr, the company - the company knows because the seller has to convert into shares thru/from the company ... and then of cause, anyone paying attention to these after hours balancing trades - which has been going on for weeks ... since june 23rd ... when 2 million shares traded
btw, with these balancing after hour trades, the daily volume is artificially increasing. the same shares are showing up twice. the original selling + the balancing trade.
what is your problem with me having sources ....
in case you were wondering why i bought last time (a few weeks back), i thought there was only about 5,000,000 shares to be sold thru convertibles (from paying off lawyers) - miscalculated - apparently another 2,000,000 or so were done when raising money to pay for drilling campaign .... i mistakenly thought this was funded solely thru private placement .....
that is how i arrived at 7 million ... and according to my calculations, the additional convertibles should be close to, or done.... which is why i bought again ....
imo, if the convertibles are done selling, we will continue to see a pps increase until a jv or buyout is announced
one more thing .... according to my sources, the convertibles seller is close to .... or done selling ....
guess we will find out over the next few days if this is correct ... if the convertibles is done --- close to 7,000,000 sold --- pps should start to find a more representative price ...
that is ridiculous....
let me get this straight ... you really think there was a seller of 370,000 shares AFTER HOURS ... and a buyer after hours of 370,000 shares .... AT EXACTLY THE SAME PRICE .... WHEN THE VOLUME BEING SHOWN ON L2 IS 10,000 BOTH ON THE BID AND ASK
this has been going on for weeks ... huge after hour blocks ... some as big as half a million shares or more
THIS IS A MM WHO IS SELLING FOR THE CONVERTIBLES SELLER ... AT THE END OF THE DAY, AFTER HOURS, THE MM SETTLES THE BOOKS SO THERE WON'T BE A SHORTAGE ....
THE MM SELLS FOR THE CONVERTIBLE SELLER ALL DAY ... THEN HE "BUYS" THE SHARES FROM THE CONVERTIBLES SELLER TO SETTLE THE TRADES ... OR ELSE HE WOULD HAVE SOLD SHORT
the after hours trade is the settlement
several of the after hour trades have actually been higher than the closing price .... most have been lower .... BUT DO YOU REALLY BELIEVE AN ACTUAL TRADE HAS OCCURRED .... REALLLY ???? you really think someone bought and sold 370,000 shares AFTER HOURS ON A FRIDAY
BTW, ALL TRADES ARE LABELLED T ALL DAY LONG ....
So what.....
Not an actual trade....
MM balancing his trades during the day for the "big seller" from the convertibles
first off, how do you know if i am averaging down? you have no idea what my cost basis is ...
second, doubt it will go much lower... by my calculations, i think the convertibles are just about done selling