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You didn't get the e-mail? Maybe I got it cause some fancy aTrain like marketing search engine has tagged me a "gullible".
I am really surprised that there have not been any posts concerning the e-mail Eddie sent out yesterday regarding the "new offering of Series A Preferred Stock". Or was this the "creative dilution" that was previously discussed? Seems to me this is a better way to raise funds than going to Asher. JMHO
Still could be many months away results of new Phase III trial and significant price rise. Going to keep this on my radar + buy a little every month.
Article in Seeking Alpa this AM:
http://seekingalpha.com/article/656031-galena-s-data-insinuates-big-upside-while-valuation-presents-minimal-downside?source=email_rt_article_title&ifp=0
Plus interesting comment from a cancer patient who is in the mini trial:
I am an actual breast cancer vaccine recipient. Once these drugs are FDA approved, this will be the standard of breast cancer treatment. They have VERY low toxicity and very few side effects. In my trial at University of Pennsylvania for my phenotype, we have ZERO recurrences over an 84 month period. I consider both GALE and IMUC tremendous bargains. Roche sales of trastuzumab (Herceptin) and their lastest (as of yesterday) FDA approved drug pertuzumab are expected to generate even more than the $5-6 billion generated in annual Herceptin sales. There will come a day not too far away when VACCINES will replace the need for these drugs. Forget the daily fluctuations, buy up while both of them are cheap and hold on while these trials are completed. Immunology and cancer vaccines will be the biggest blockbusters of the century. It will revolutionize cancer treatment and totally change the paradigm, big pharma already knows this and is just waiting until they are close to FDA approval so they can swoop them up cheap and reap the billions that will be generated.
What woman on the planet would want to lose her hair and puke and have her cancer reccur when she can take a simple series of shots and have no side effects? See my website: http://bit.ly/Kt0evb
Sorry that I did not notice this board earlier (ref my inquiry on the HEN* board). Opened a starter position this AM @ 0.23. Thanks for the info.
Thanks. Aside from being thinly traded, do you see any downside to using TNVMF (which is available to my IRA). Terra Nova on the Toronto exchange is not available for my IRA. One thing I have experienced in the past is that at least some of the xxxxF versions of Canadian stocks do not pay the dividends that their Toronto counterparts do. That should not be a big deal in this case, for the next few years anyway.
Are you saying that HENC gets no revenue from the oil found in the first 3 (or 6) wells? Can you provided a link to the agreement where this is stated? Thanks.
$5,000,000 /22,000 sample tests = $227/test.
Could the MIT1000 (or its production configuration) make money doing such tests for this cheap? I would assume that in the $227 cost, at least 50% was for overhead, management, and profit of the testing organization so that actual test cost would be say $113. Other than cleaning the sample containers, operator time, and the few consumables in the MIT procedue, it appears to me that the MIT100 could make a profit, provided that there were enough samples to amortize the initial investment.
MIT1000 costs $40,000 /$10 per test = 4,000 tests to pay for a mahcine. say 5 tests/hr x 8 hrs x 5 days = 200 tests/week = 200 weeks for a machine to pay for itself. Reasonable??
Thanks for your effort and honest appraisal.
Great post. Rational, and and helps to put the pieces of the puzzle together about what may have been going at SIOR on over the last months. Thank you.
geop: Thanks for the great sticky/update. This was the first time that I saw a reference to the fact that:
I also believe, but cannot verify, that drilling must start by mid-October 2012 or else SIOR will lose 15,000 acres of prime leases;
HIS MONEY:
"Does KMAG have a website?"
Come on, man, look at the Intro-Box!
najrebe: I agree 100% with this and your post #55101 as well. The hounding of Jeff for info by e-mails and phone calls has got to stop. I am sure that today's dud of a reaction to the Q1 fins was due to Jeff's leaking of info to certain IHub posters that Q1 revs would be more than all of 2011. I hope that Jeff has learned a hard lesson here. One thing that I learned today is that all the counts of "board reads" and "board followers" are meaningless. 90% of the people who sink low enough to engage in this sewer known as "pinksville" couldn't care less about revenues, profits, projected growth, etc. The one question that they ask is, "Is the stock going up?" Doesn't matter if it goes up due to some fluff pump-as long as it goes up they will follow. Had the info on the revs growth not been prematurely let out, KMAG might have busted through 0.0065 today, and a good number of those board readers and board followers might have joined the party. But they obviously stayed away. Maybe next time (Quarter) KMAG will get it right.
It totally agree. Let the guy do his REAL job. There is supposed to be an IR person to answer anyway.=
investorrelations@kmaglobalsolutions.com
I think it all depends on the speed at which KMAG gets to 0.03.
I'm in the same camp at MasterLu in that I hope the advance is measured with minor corrections along the way. Another "parabolic -to do moon" shot to 0.03 by July could have us collapsing again in August. Just have to wait for the Q1 financials to see what the real earnings are.
Hi bassilius: welcome to the KMAG board. I see you have spent the vast majority of your time over at the ATRain station where management is totally unresponsive to shareholders (to the point going officially DARK). KMAG should be like stepping out into the sunshine for you. Our CEO considers shareholders to be his partners and he has been open and trying his best to work in the interest of all of us. By the way, KMAGers, bassilius has uncovered some fantastic DD over at the ATRain station. Hopefully, that kind of talent will not be needed here.
I tried to put forth my explanation on "where are all the shares coming from" in posts 48153 and 48229. The idea that MMs could push the stock down 70% won't fly.
This board is going to (try to) take a page out of FONG's book and go dark itself for a while. Please see posts 100892, 100896, 100898, etc.
Thanks
You want to believe/follow people's predictions on a chat board? Go back to post #30319 and read about 4 pages worth of posts. These start on Monday,April 23rd when KMAG was on its 2nd run past 0.02. Posters on this board were predicting 5 cents by Friday!! To da moon! - you name it. And here we are today at 0.004+. You just got some good advice to do your own DD from chambers52. Please follow it.
Friday, I got an e-mail notification from IHub that my subscription (L2 Data & live charts) comes up for renewal next week. When I do renew it will be for whatever will get me unlimited IGNORES. Your posts are such a waste of bandwidth and my time. Who is paying you??
BTW - don't bother to respond because one of my present 5 ignores will be retired to make place for you. GL to all the OTHER posters on this board.
TDAM and their ThinkorSwim platform get goofy numbers for some PINK stocks in after hours. I've gotten used to it and totally ignore it.
I tried calling TDAM several weeks ago to alert them about this and they told me their priority it concentrate on data used during actual trading hours. They are not very fond of PINKS anyway, as you may have found from your own experience.
Your mention of KAT* sure bought back memories. Were you there during the Rusty Ridge days (Dec. 2010)? My initiation to PINK scamming. We were waiting for imminent release of results of drill samples and someone came up with the "great DD" that CEO Ken Stead had just filed new claims on the the edge of the existing claims close to where the drill samples had been taken. Cost Ken $1200 to file those claims. A number of posters pumped that this must mean Ken filed because he knew the drill samples showed we hit the "mother lode". Stock went crazy. Luckily, GUMP90's investigative posts kept me from following the crowd, God bless him. The drill samples turned out to be a bust - stock crashed. Life in penneyland.
KMAG is a whole different world and I'm glad to be here.
Thanks for the info. I try to read all posts, but there have been so many recently, that when I get home from work I just read that newest 4 pages each night. Saw a few declarations that you mentioned.
Where do you find "declarations of large sharholders". I have not seen anyone start a share count on this board. Thanks.
Ceeker; I ran out of time to add that MMs, flippers, and (non-naked) shorters are happy to join in on the mayhem and play "follow the leader" when these manipulating "whales" decide to do their thing. It seems to me that any penny stock that shoots up from a low sub-penny base in a "parabolic move" can have the same problem. This is a situation where individual trader "whales" can have the same effect on a stock that hedge funds have on big board stocks - for a while.
In my opinion. Here's hoping that a great Q1 report will bring in lots of new "investors" who will disarm the gunslingers by buying up the shares the manipulators offer and hold them for reasonable periods of time. GLTA and GO KMAG!
Ceeker; there are a number of foreign pink stocks that are real businesses (just like KMAG) that do not have the problems KMAG has with short selling and manipulation. Examples REXMY @$31.72, HENKY at $57.53, NINOY @$280.01 etc. These are large foreign companies that see no need to pay for all the paperwork and expense that comes with being on a big board. What's the difference between them and KMAG with regards to manipulation? It is than none of them have a recent history of a parabolic rise of 2800% (0.0008 to 0.023 in KMAG's case) during which hundreds of millions of shares could be accumulated by well- off individuals or sophisticated groups at very low prices.
Between Feb 23 and March 9, KMAG traded between 0.0008 and 0.0027.
During that time a total of 1 Billion 400 million shares were traded. Granted some were flipped etc, but if even 10% of those "cheapos" are still in the hands of the original buyers, that is 140 million shares. If I was one of those manipulators and had say 20 million shares at an average cost of say 0.0015, I wouldn't need to sell short. I could sell say 1 million in 200K tranches at today's price of $0.005 and keep lowering the ask and scare out "weak hands" and still be making money. Then when I wanted, I could use whatever technical signals that are convenient to buy in again and push the price back up. Rinse and repeat. Hopefully, during each one of these cycles, more and more shares will get into the hands of "investors" and the manipulators will eventually loose the ability to do what they are doing today. This is why I think KMAG will have its work cut out for it in the near future, but will eventually rise as long as fundamentals keep improving and more of the float gets into the hands of investors.
Perhaps it was because ATRN's lawyer told him about a contact he got from DR P's lawyer.
Just initiated a small position this AM @ 2.38. Will buy every time it drops another .10. From what I have read, Rob seems to be a go-getter CEO and a smart guy. When the powers that be are no longer able to manipulate PMs, MUX should do OK. Great board, by the way.
pennyland: Please do yourself a favor and copy and paste posts # 44150, 44152, 44157, and 44168 into a doc. so they can be printed and mounted on a card and kept near your computer monitor. Read them every time you sit down to trade (or invest). Hopefully, what you read will prevent you from getting into this kind of situation again. It appears you made the penny player mistake of putting too many eggs in one basket. Lucky for you that basket is KMAG, which will get back to 0.02 someday, although maybe not as fast as some would like. 9 out of 10 other pennies would not be so kind. Please be careful in the future.
NOTE: I am also deep in the red on this stock. But I only put 1/5 of my funds into it. That RULE has saved me (and many others) from getting in your type of situation. You are welcome to use the golden RULE yourself any time.
I got in last Thursday at 0.08 and am amazed at how quite this board is. Guess these folks just prefer to sit back and watch their profits grow. But you are correct about how pleasant the lack of pumping and bashing is. Good luck.
Disher: Saw your query to IR about getting financials to OTCmarkets.com. I may have missed it,but I have not seen any post concerning the "Attorney Letter with Respect to Current Information"
which must be submitted along with the package. I have been in a number of PINKS where they somehow forget that this is a necessary item and winds up delaying the update by a week or more if it is not submitted with the financials. GLTA
Where do you see a CE? OTCmarkets.com still shows "OTC Pink Current".
Thanks for the chuckle and lightening up the conversation around here.
Best of luck in growing your "hundreds".
That might have been me - doubled up my position on that day. The big jump today is quite a thrill. Although we have all seen this VSUT drop back after jumps like this. Hope the drop back this time will at least leave me green for a change. GLTA
Whoa!! Somebody just bought 80K shares @ 0.29. Maybe tchaucy's scenario is going to work out OK. GLTA (REF POST #1071)
GEO: you stated
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"assuming that there is no collapse of oil (or gas depending upon the play)"
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Isn't natural gas now considered to be in collapsed price state? Do you know if they are finding mostly oil or gas in newly drilled wells in the area of SIOR's acreage? Thanks.
Arnold: I'm not a basher - just trying to make sure everyone here is informed of the "The truth, the whole truth, and nothing but the truth". See
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http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx
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Type KMAG in the box if it does not appear automatically. Good luck. Below are the first 2 of the 13 listed. Some are not paid.
Jeff had done this on a small budget compared to many other companies.
___________________________________________________________________
Stocks Promoted : 13 Total Displaying top Viewing 1-10 | Next 10
Company: KMA Global Solutions International Inc. ( KMAG )
End of Day: Close: 0.0209 Volume: 34,586,124
Change: 0.0036 % Change: 20.809
3 Month : High/Low: 0.0209 / 0.0005 Volume 3m : 43,739,324
Promoter: Surfs Up Stocks
Compensation:
None Listed [View Message]
Date: 4/18/2012
Company: KMA Global Solutions International Inc. ( KMAG )
End of Day: Close: 0.0018 Volume: 360,089,424
Change: 0.0009 % Change: 100
3 Month : High/Low: 0.003 / 0.0005 Volume 3m : 26,327,754
Promoter: Stock Haven
Compensation:
In certain cases, Worthmore is paid a fee for such services, which is disclosed at the bottom of this disclaimer [HYPERLINK].
Date: 3/2/2012
Suggest you start reading posts 95494 and on. Or if you are really busy, just read Nilolai Kozlof's and Buckhunter's latest (from their profiles). GL
P.S. There's a lot of good stuff in between as well.
I just took the 155K @0.0120 NITE had at the ASK.
It seems a lot depends on each broker's rules. Interactive Brokers (I.B.) has assured me that as long as I myself am not using the margin allowed in my margin account, stocks that I own cannot be loaned out for shorting. However, if I do borrow money to buy stocks on margin, any of the stocks that own can be lent out for shorting. Since I have never used margin or ever intend to use it, I did not ask what happens if I used margin for a while and then stopped. What would happen to the stocks that were loaned out while I was using margin? I would just rather not get involved. Best thing is to call you broker and ask for their rules.
Screaming Eagle: when I read Wildcat's
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"I have heard through the industry that SIOR is working on assembling a land package of 50,000 acres...."
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I interpreted this to mean NEW acreage in addition to what SIOR already had. The DD presented on this board for many months has been that SIOR already has large acreage locked up either through outright ownership of leases or options. I agree with your statement:
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"a company can fund land acquisitions through options and prepare a possible field development / drilling plan...happens all of the time when a company has locked up prime property in a fast moving play."
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It my understanding now is that Wildcat was referring to the existing acreage.