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''what do you propose them to do-shut the door?''-You better believe I do-makes a lot of sense to me-it would preserve what little cash we have,cut off the cheques to management,avoid running up more debt,put a lid on more dilution..
''close the door''YOU BET,then we might be able to sell what assets we have left-while we have something to sell...all that keeping the doors open does is insure more of the same that got us into this mess....shut it down and fire the lot of them,don't REWARD them for pity's sake
Truth be told,I suggest the only "plan"in place is for FIfer to carry on exactly has he has been all along,which has been very very profitable for HIM."if it ain't broke,why fix it?
Then WHY is the stock NOT reflecting that?sorry,there is no secret hidden meaning here that the market doesn't understand,clearly the shareprice is reflecting EXACTLY what the" opportunity" is-flatlining.....
"Monies to be received "will go to creditors,count on it.Do you honestly think any creditor is going to let any "monies to be received "slip past them?We already HAVE a lawsuit on our hands and my guess us there will be more writs slapped on us the closer we get
I can't see trying to tout the Molyjon as a ''great opportunity"despite claims of profitability,the fact remains it is a low grade ore body with limited quantities that they needed to pump in endless amounts of money and still never got it self sustaining.The fact they went looking across the ocean is proof they knew it would never amount to anything close to their expectations,nor did they put more money into exploration( remember the drill results we anticipated,but never got?,you can bet your last dollar that had they been anything close to good,we would have had "huge news")
No,I think they will look elsewhere for some exciting "huge opportunity"because like most of these "stories"the promotors pump out,this ones has had its day......they need a fresh one to bring in the money.....no point in flogging a dead horse.I "anticipate"they will let it quietly sink back to shell status,consolidate and rename it ,paving the way for refinancing (plus those oh so lucrative "finders fees")it's just the way the game is played and no,"this one WASN"T "diferent this time"......sorry about that....
So-what's your best guess at what "great opportunity"Fifer will come with next ?In order to do another equity financing(a finders fee will be paid)He'll need a new story to replace the tired old worn out one "anticipating" bring a "150 K *mid tier producer ",mainly because they never delivered .How about diamonds on the lower Zambezi? I hear there's an abandoned diamond mine there going cheap....better get in quick before the 'Big Boys"discover it...
But,hey,the sky's blue and there's always another batch of starry eyed naive people ready to part with their money who actually think they are ''investors ''(they've done their DD)and there's always somebody ready to take their money....
* pick a number-any number ,they've never even come close on ANY number they "Anticipated"they would produce by "next summer" or ANY summer for that matter....speaking of which,got your PDI shares yet?
ya hit the nail right on the head....every single so called ''initiative''to boost the shareprice they have come up with has NOT ADRESSED the KEY ISSUES but merely window dressing and has fallen flat on its face...the MARKET wasn't fooled even if the naive and foolish were, and has priced it accordingly.
Based on what I see,I have to conclude
this was just another typical Vancouver Penny Mining stock that mined gold from shareholders pockets and will end up the way the reat of the Vancouver Penny Mining stocks do-consolidated,renamed and ready for the next batch of starry eyed naive and foolish people ripe for the plucking...
Never mind the strident crys,excuses ,bleating about ''great opportunities'' ,name calling and shrill denouncements-PROVE ME WRONG
"Cash in the bank"? You've got to be kidding!ANY ''cash in the bank'' is only going to be there until the cheque clears then the creditors will be lining up at the door before the bank opens...with this companies stellar record for burning through cash,you think any creditor is going to wait 5 minutes for it to disappear?...give your head a shake.....
SAME management=More of the SAME.What you have seen is what you are going to get-More dilution,more debt ,more failed promises = Less Credibility ,and Lower share prices.
I was hoping for a cash buyout,when that didn't 'materialize,I see very little chance for this to become a 150 K Mid Tier Producer "really worth "$5 by next summer...Hate to mention this but I 'm beginning to wonder if we are going to get our PDI shares by 'next spring,at the latest"too
D'ya think THAT could be reason the shareprice DIDN'T blow through the roof on the "Huge News "that we''ve Been "anticipating"?
And yet ANOTHER "Huge News" that "we anticipated"for a very long time fizzles ....
Sure looks like another in a long string of NR's that died in the sand.....like it or not,the MARKET has spoken.Are we going to the "next level"?(down)
Why am I not surprised?
Remember all those "weak hands"that sold when it went over a buck?.....that was the "smart money"
''not showing bid/ask '' could well be the harbinger of what is to come-perminently,just like most of the other Vancouver Penny Mining stocks that mine gold from shareholders pockets....
Not sure where she is,possibly trying to trade her PTQ shares for cases of champagne saying they're 'really worth '$7.50 ,but she'll give you a "good deal' for $5 .......
"Pop in the shareprice when we get $50 million? I can absolutely GUARANTEE that when we get $50 million cash,the creditor's lawyers will be standing in line .Like,give your head a shake,if they owed YOU money,wouldn't YOU be standing there?...think about it,the chances of another cash injection is slim to none,other than from mkjiii's Easter Bunny...
My best guess is the next thing we will see is ANOTHER 'equity financing'( plus the usual 'finders fee')which will enable management to carry on ,business as usual(milking this for every dime they can get out of it....why change now?)
Hate to bring this up,but the MARKET wasn't impressed by the 'Huge News'
Ps - they WILL be sending me my PDI shares ,won't they?.....after all,they PROMISED
Hate to bring this up,but what about the money we owe?
I suggest the creditors are going to be standing in line if there is any cash coming ..but let's see what price the MARKET puts on it tomorrow,because that's the only "opinion"that counts...
I see a huge reason the stock is unlikely to go back to 60 cents next year( barring consolidation,which should happen)Let's assume the company IS able to survive,which is unlikely,the question you have to ask yourself is if the SAME management is running it,then WHY should anyone expect anything DIFFERENT that got us into this mess to start with?
Are they all of a sudden going to meet production targets(150 K mid tier producer?)spin out PDI( if we still own it,that is)and stop milking the company dry and diluting the stock because they have to do more equity financing( a finders fee will be paid)and keep shareholders informed in a timely fashion?What are they going to do to convince the Mining community they have changed their spots?Are we going to see PTQ written up (other than reporting bad news)in investment news letters?
Who is going to pay 60 cents?for exactly WHAT?
She might get $7.50 a share.....after a 30 for 1 consolidation.....,which is about what we need to reduce the burgeoning share float back to something reasonable....
ps-just to show you how good companies operate ,one of the companies I own just raised $20 million,NO warrents and NO 'finders fees' ( which is one of the reasons why I invest my money in it)not ALL companies operate like PTQ...
yup,Huge News and the stock is blowing through the roof-right?
now its May 15th[we're''anticipating'']....just keep on chasing that carrot
Ask MrFifer and the insiders what they got for THEIR shares they dumped.......I don't trust them,but they aren't stupid..guess they had a pretty good idea it was 'going to the next level'.....a LOWER level,that is....
What do you mean PTQ is a''Small contractor not worth mentioning"? I thought we 'had them by the balls'.....
"Continue to operate"?doing exactly WHAT pray tell?......picking up the tab for Fifer?running out of money?raising equity capital to cover it?paying 'finders fees'?diluting the stock? Facilitating the insiders flipping abandoned gold mines they picked for a song into a public company ,courtesy the naive shareholders who actually thought they got a bargain?(they didn't)and very profitable for the insiders,by the way.
Meanwhile the stock nosedives,the market isn't fooled,even if the shareholders were
So,'continue to operate'?
PS-'this one WASN'T 'different.....it was just another typical Vancouver Penny mining stock ,and will likely go the way most of them do....off the board,consolidated and renamed for the next batch of starry eyed naive people eager to part with their money who actually think they are 'investors'just like management intends them to
Appears to me the people in a panama are a lot smarter than the PTQ shareholders,they are frightened to have the same people in power too long.....good idea,vote management out and get new people in there.
Where did they go?
Remember all the wild eyed slobbering at the mouth rah rah boys who told us about 'caravans 'rolling and the dogs barking,but the caravan just kept rolling?Then there were all the loyal people who actually thought Mr Fifer was our 'friend'and we were 'really lucky to have him on our side'(that was funny!)
Oh course let anyone DARE to ask for verification ,or remind them of all the missed deadlines,failed production estimates!or ask 'what happened to my PDI shares they PROMISED'?and you were accused of 'poisoning the board' ( that was funny,too)
Are they all gone now?what happened to the faithful followers who told us they had 'done their DD 'and denounced anyone who questioned this 'great opportunity"?where have they gone-did they put THEMSELVES on 'ignore?
The share price is sending a 'neutral' signal,so obviously the election had little bearing on it.
This crosses off another one of mkjiii's 'explanations',she is is running out of excuses.....
Just wondering-do you think the employees that HAVEN'T BEEN PAID are enjoying ''surf and turf''like our good friend mkjiii? Hope she having a good weekend....
from the look of things[ie-lawsuits],any cash,if there is any, will go directly to the creditors to satisfy unpaid bills.Trust me,think about it-if YOU were owed money-would YOU not get in line with your hands out if there was any cash coming?
maybe THATS why the shareprice isn't ''skyrocketing''as we ''anticipate'' the ''Huge News''[funny-the rah rah boys and girls don't mention''skyrocking'' anymore-wonder why not?]
but dare mention''something that never materializes and no mentioned again*''will get you put on ''Ignore''-the company apologists and rah rah boys don't LIKE anything thats not ''positive''-''poisons the board''
* just ANOTHER of the MANY ''red flags''that have been ignored ,but brought us to where we are now-out of time and out of money and ignored by the mining community
uh,sorry for the ''cacophony''-but it somehow seems relevant....or at least the MARKET thinks so..
you mean MrFifer hasn't scheduled a CC to tell us the 'Huge News'?
We're 'anticipating'.......
And meanwhile this Vancouver Penny Mining Stock that WASN 'T different after all continues down the path of irrelevance like most penny mining stocks end up.Not meeting production estimates,Not paying bills ,not paying bank loans,followed by inevitable lawsuits,but management presumably still milking the coffers dry with their generous remuneration package,expense accounts and company perks- all paid for by the shareholders(if it isn't coming out if profits,then it coming from the shareholders- why do you think we have had to do do much 'equity financing"(and to add insult to injury,a finders fee on top of that)resulting in massive dilution?
All that remains now as we bog down and sink further into the morass is the final 'coup de grace'when the doors close and the lights go out.But not to worry,PTQ will re emerge as some other Great Opportunity,consolidated and renamed,ready for the next batch of starry eyed naive people that the Penny Mining Stock shell game depends on.Management does very well off them,very well indeed.,couldn't exist without them,and when on batch goes down,wondering what happened,the next steps up to fill their shoes and the game goes on....the Pez isn't dead,he just gets reincarnated.
Uh,sorry for the 'cacophony'but it seems relevant to me...
I making money RIGHT NOW,by Not swallowing the rah rah boys rhetoric......you follow the herd,you step in what the herd leaves behind.You know you're on track by the number of 'ignores' you get....they just don't get it...
mkjiii''facts and future looks very good''-lawsuit just initiated for failure to pay bills, mine shut down,gold production not even close to ''we anticipate ''estimates, workers not paid, bank loan not paid,rumours of workers defecting,....well,I guess thats about what you would EXPECT she would say...gotta hand it to her, she is SO predictable...
c'mon mkjiii-lets hear your ''cacophony''-it won;t distract us from the facts during these negotiations...promise....would we put her on ''IGNORE''?-NEVER!-she;s just so much fun! our group looks forward to ALL of her pathetic posts...
WHAT? No comment on the lawsuit ?I was looking forward to the typical convoluted spin she tries to put on BAD NEWS(you can be sure she would be extolling the virtues of our management team if there was good news,only little problem is there ISN'T any....)
....not to worry,if she missed the chance to "explain"this one ,chances are this lawsuit for unpaid bills will just be the first of more such attempts to get paid if there is some cash coming
But I really don't know why the creditors are concerned because I'm sure they will be able to pay everybody by next summer when we will be producing 150 K ......uh,we will,won't we?
Sorry for the cacophony.....I know you want to concentrate on all the important decisions that are coming up...
Yup,lets just shut our eyes and ears and pretend all is well.No lawsuit for unpaid bills,no unpaid workers ,no bank debt in arrears ,the lom Poy is ready to go into production, we will be a 150 K Mid Tier Producer by next summer and the Easter bunny was good to us-everything is Just Dandy
Ps. what about the "cacophony "of the rah rah boys telling us what a 'great opportunity'it is,going to put them on 'ignore'too?( I have a hunch a lot of people wish they DID)
Management HAS done a great job......for themselves and their friends,heck of a deal
I was waiting for Mkjiii to post that "Huge News"about the lawsuit filed against PTQ for unpaid bills because she likes to keep the board up to date,but maybe she missed it.oh well....
as I said-when one creditor launches a suit-the rest generally jump on board or risk being left out.Not good-the market hates lawsuits...
Hey-we made the NEWS !
Guess I'm wrong,we're not being ignored after all...
Check out the Stockhouse forum,seems there is a lawsuit against PTQ by Global Hunter for $1,198,000 unpaid bills....
why am I not surprised?and chances are that when one creditor launches a suit,more will follow..
What I find so amusing is she never admits a lot of people who got stung by this typical Vancouver Penny Mining stock shell game that wasn't 'different' after all likely fell for the BS that the Rah rah boys were pumping out like liquid fertilizer .And now that the stock has gone to the 'next level'(crashing)the same rah rah boys turn around and blame the naive and the foolish for losing money!....déjà vue.....It's just so darn predictable!
I suggest the WRONG guys were put on 'Ignore'.....d'yah think maybe?
what I think might happen...
With so many people in a loss position I think everybody is so desperately grasping at straws there will be great 'anticipation' for any deal at all that could boost the share price a few pennies and reduce their losses,there will be first a small pop in the share price,then a mad rush for the exit as the reality sinks in that nothing really has changed.
if one were nimble,there might be an opportunity to get in and out before the rush...Obviously I don't know,but this is the most likely scenario,given the history of this debacle.Kind of a 'last chance'for the people who missed Inmets generous offer that was openly derided and turned down....I suggest they won't make THAT mistake again....
She's playing Monopoly again...a legend in her own mind.
Nice tactic though,clog up the board with mindless rhetoric ,never admit the obvious,and never answer tough questions.Too bad the Market doesn't buy the story...
When the shareprice is RISING on heavy volume,you can call it 'accumulation"'but when the shareprice is FALLING on heavy volume,that's not 'accumulation'thats DUMPING