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Yet nobody wants this @ .02, when it was .05 so many were begging for these levels and now that were here no takers.
I applaud your analysis here, it makes sense and proves your reading the PR's and financials, something most never do here.
Makes perfect sense if one understands finance and the structure of the proposed financing IMO.
Actually they will get (if this funds) maybe 12 mil because interest and fees are paid up front.
Then a $15 mil liability, senior loan, gets slapped on to balance sheet, that would explain the weakness in the PPS IMO.
.00 Double zero's look like a very real possibility in the near future. The trend is in place.
The PPS is not doing well since this possibility of financing has been announced, seems strange the bounce didn't hold.
I doubt they are as comfortable as you think, this will be (if they get it) a senior debt to everything and they are still working on the terms of this financing.
In addition they want all interest up front out of the proceeds, not exactly a bold sign of confidence.
With all due respect I think you have a basic lack of understanding of the financials here.
Plus the net proceeds to SUGO will be in the $12 mil range if they get this financing as the interest and fees are paid up front from the proceeds.
They are burning cash without regard to the study and they will be needing all they can get. Throwing any away on a buyback is probably the furthest thing on the minds of management.
If they are reading this board they might be laughing at your thought however :)
Yea, been hearing that for a long time, funny thing is it never happens.
Yea that's it! this is a "lull" before the storm Lol. You can't make this stuff up.
Will do.
I also have high hopes and have recently added @ .10
No news since that release that was posted, the PPS reflects this and may go lower in the meantime. Longer term AGGI should do better with this new management in place.
That says it all.
Very well said!! I agree 100%
Your severely understimating the econuts in CA. They could care less about the fiscal mess in CA and will do everything to block this or any mining in CA.
Actually interest for 2 years and fees are paid up front out of the $15 mil, leaving maybe $12 and a senior note liability of $15 mil.
SUGO looking closer to new all time lows. Down over 47%
Sub pennies coming, your argument is silly because interest and settlement charges come out right up front for one thing and that will be at lease $3 million leaving $12 mil IF this even happens.
Then it is a senior note placing the shareholders in the back seat, it is not equity.
So funny how these simple facts are overlooked.
Then this is all speculation if there is still any value there.
The drop back to .019 and sub pennies coming reflects reality IMO.
And someone just nailed the bid.
Keep buying!! Oh wait, no real takers even at the "cheap" .02 ask.
Lol
Ask size 10X that of the bid size, says a lot IMO.
Sub-penny today a possibility IMO.
That's that fear I am smelling from the longs, trying to put up a strong and bold front while your wondering just how low before bailing begins.
Lol, that"s a hoot, thanks for the laughs :)
Blah Blah, been hearing that all the while the PPS keeps sliding toward sub-pennies.
Sub-penny on the way soon IMO, from my read of the financials this is a given.
I also am smelling fear from some of the longs, and rightly so IMO.
If you read them differently go ahead and buy more, that makes a market, this is and has been my read of the financials however.
It's all about permitting, with that firmly in hand, if ever, this thing will move out.
Wake me when that happens.
Ask gets nailed and more size just keeps comin in. Was not long ago many here were bragging how these prices would be super cheap, now they are no aggressive buyers at these "bargain prices".
Gold is strong here so one would think SUGO would stabilize somewhere.
Gotta love those 600 share prints to paint the tape after large block sells on the bid!!
Where are the koolaid and rose colored glasses being sold? Only way for all this excitement here.
It is very funny! Thanks for the laughs!! :)
Despite what some here thing these tiny pinkies are difficult to almost impossible to short for a retail investor.
http://www.otcmarkets.com/stock/SUGO/short-sales
I said it would be buyable, not that I am doing any bidding. Lol
Lol, hmmm NO, IMO it will be buyable sub pennies before too long.
600 share $18 paint tape again, Lol
New lows likely as the trend looks like it is down again.
And there is another $18 tape painting. Quite the artist.
There is the tape painting ;)
I tend to agree. BTW, size at the ask again, keeps refilling and nobody taking anymore.
LOL, thats funny!!
It is so funny how you change your story now LOL. You said "any" news and this was news plain and simple.
Lol