is close to bankrupcy
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From another Board about NITE
Posted by: ib12u Member Level Date: Friday, May 14, 2010 11:32:54 AM
In reply to: None Post # of 32742 Send a link via email Share on Facebook Tweet this post
HEADS-UP! MM:NITE is at the top of the BID and ASK!!
This means THRR is under TANK ATTACK!
WARNING!!!
Every stock with MM:NITE at the top of them are doomed to fall to no BID!
Check all the stocks,, notice MM:NITE at the top of all stocks that are doing Bad!
MM:NITE is a Down driver of stocks!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50177649
True I was wrong to mention FMNJ as Silver Stock. I forgot that it used to be once upon a time. We better should forget about any silver lining and think about Anti-money only. It is not their fault perhaps we have lost our mind and have become delusional. But who made us like this? Is there any end to all this Bull#$t?
May be not since there is always new crop of dumb a###$$es available to make money out of them.
Please see what Silver stocks are doing today and never mind about FMNJ.
http://www.marketwatch.com/myportfolio
I am one 100% sure that both companies have jointly committed this fraud. Senergy must have done what they have been told to do and have been awarded hugely.
This increase in OS has happened when there was a buy offered for the company. This is the most ridiculous deal.
In a normal business world, once a company declares its intent for sale the things should comes to stand still as for as any material change is concerned about the company. But what we see here that company has added another Billions or so after announcing that it has agreed to sell this company to a party @ 0.01cent per share.
He may be another Berni Maddof for THRR share holders.
It does not explain what type of partnership, they have with these companies. This would have been a very strong point for any company to brag about. Mere this news about the partnership could give this Pinkie a much larger market cap.
Thus I will take it as a trick, most pinkies are notorious to do.
Where it says that they are partner with Senergy?
I think they referred to the web site as WWW.currencychatter.com.
The more interesting news is the one about Antimony smelter taken over by the Govt. as mentioned by the earlier poster.
Worth noting is that the Subsidiary of Glen Core, a Swiz company was not investing the required capital on the Antimony Smelting plant. Is there any remote chance for our Senior to be asked to come forward along with PRRY. But at the the same time, it can be warning to FMNJ to speed up the operation or will be wound up like these ones. Who knows.........????
LA PAZ, May 2 (Reuters) - Bolivia's leftist government said on Sunday it had taken over a small antimony smelter plant owned by a unit of Glencore GLEN.UL, a day after nationalizing four power companies, accusing the giant Swiss commodity trader of under-investing.
"The Vinto-Antimonio plant reverts to state ownership starting now," said Presidency Minister Oscar Coca. "In recent years, there has been a lack of productivity at the plant. It has practically been in the process of being dismantled."
"There has been no investment ..., which jars with the policies of this government," he added.
The Vinto-Antimonio plant belongs to local firm Colquiri, owned by Sinchi Wayra, which is in turn a subsidiary of Glencore.
In 2007, the government nationalized Glencore's Empresa Metalurgica Vinto.
Sunday's privatization is the latest step in President Evo Morales' bid to tighten state control over the economy of the impoverished Andean nation.
Morales on Saturday nationalized four power companies, including a subsidiary of France's GDF Suez (GDFZY.PK) (GSZ.PA) and a unit of Britain 's Rurelec PLC (RUR.L). For a full story, see [ID:nN01186218]
A close ally of Venezuela's Hugo Chavez, Morales nationalized Bolivia's natural gas industry soon after taking office in 2006 and the government has since taken control of several utility companies as well as the Andean nation's biggest smelter and top telecommunications firm. (Reporting by Diego Ore. Editing by Simon Gardner)
Agree with you one 100%.
What is store in near future for this?
From the report @ page 17
The Company has become aware of the investment in The Fight Network may have to be written down in the coming months as The Fight Network may be involved in a re-structuring of its business and as a result current shareholders may be diluted and/or their investment may become impaired and realization of it may not be feasible in the future.
From report @ page 18
13. Long-term Debt
As a result of the buyout announced it triggered a conversation provision of the convertible loan agreement that supersedes any previous agreed moratorium on conversion privileges. The company has no long term commitments.
What Warren Buffet is doing about his $5Billion dollars investment in GS?
You are Big Jack Asx.
He has found a retirement home for himself and issuing PR and chewing leaves, is a retirement hobby.
Therefore meeting the promises is not binding for a retiring senior.
According to Mart. Our Senior is already 70. I did not try to verify since I trust his DD.
But Senior is clever enough, to have excuse ready, for the expense well in advance of the deal for $32M.
Every PR need stretch of imagination to interpret what exactly our senior intends to do with this company.
What is the price of the deal? Good question. Only the brighter part of the deal for now and rest will trickle down later.
Any how he is at liberty to spend $32,000,000.00. That is a legitimate expense to own a full fledged mine for 20 years with lot of water.hahahahaha
It is another matter that we were told that the money is for Escala. May be we should start accepting the new reality that FMNJ is a Antimony company instead of a Silver one. So far silver has not proven a lucky metal for us and let us hope Antimony will.
Thanks. Very informative link. May be it is present market demand of Antimony, that might have lured PRRY to invest in this project instead of in Escala. Let us wish them well and hope PRRY can put this into production. Otherwise no hope from our senior.
Experience shows that in such type of contracts, executing party like PRRY will only let trick down a minuscule of their profit. That small income will disappear as office expenses of our lord Petty.
Therefore the promise of My Petty to develop Escala from the Antimony income is little too far fetched.
Very rightly said.
'RS500' thank you. Great quote by a great visionary.
"It was Mark Twain that said that a mine is “a hole in the ground surrounded by liars”.
I wish FMNJ is the one, misdiagnosed by abusive short sellers.
"Unparalleled investment opportunities
present themselves when these 1-in-1,000 were misdiagnosed by abusive short sellers as “scams”.
You are welcome. Fresh PR was necessary since no body was buying any more and our lord Petty needed some cash for chartering private jet. Rest is all as usual. Did he mention when production is going to start? Nada. What else we can expect. Even Mat and Royal have perhaps lost hope here. But True and myself are having some bull dog tenacity to cling to this thing for ever.
press release
April 8, 2010, 2:59 p.m. EDT · Recommend · Post:
Planet Resource Recovery and Franklin Mining Enter Into Definitive Joint-Venture Agreement to Develop and Operate Mine in Bolivia
HOUSTON, TX, Apr 08, 2010 (MARKETWIRE via COMTEX) -- Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: PRRY), developer, manufacturer and marketer of PetroLuxus(TM) and other "Green" technologies for the remediation and recovery of the planet's resources, announces today that the company and Franklin Mining, Inc. have entered into a definite Joint Venture agreement to develop and operate the San Antonia de Turiri Antimony mine in Bolivia. The new agreement amends, replaces and supersedes the Joint Venture Agreement entered into on January 27, 2010.
Under the new Joint Venture agreement, PLANET's wholly owned subsidiary, Raptor Ventures, LLC will be the sole owner of the Joint Venture. Raptor Ventures' management will administer all operations at its sole and absolute reasonable discretion. Franklin Mining has assigned all its rights and interests in the mine to Raptor Ventures. Profits from the Joint Venture will be distributed 50% to Franklin Mining and 50% to PLANET after all operational expenses have been satisfied prior to distribution.
The San Antonio de Turiri Antimony mine is situated on part of Bolivia's primary antimony belt. It consists of three parallel antimony vein structures approximately 1.5 kilometers in length and 3 meters in width. The main ore body ranges from 60% to 67% of pure antimony. The surrounding shale host rock, secondary ore body, consists of 5% - 10% antimony. To date, according to geological studies and laboratory analysis, less than 5% of Turiri's reserves have been mined.
Antimony is a chemical element that has a broad range of applications in manufacturing of industrial and consumer products. It is used in numerous industries such as semiconductors, flame retardants, storage batteries, electronics, pharmaceuticals, paints, ceramics alloys, rubber and small arms ammunition. Bolivia is one of the five top producing countries in the world. China dominates production of antimony and Bolivia produces approximately 3.5% of the annual world demand. Commodity pricing for antimony has steadily risen from a little over US$ 1,000.00 per ton to present day (January 2010) pricing of US $6,400.00 per ton.
Mining operations will be divided into two phases: primary ore mining and secondary enhanced mining recovery. Primary ore recovery will be the immediate mining of the high grade ore with estimated initial production of 50 tonnes per month and incremental increases of 50 additional tonnes per month.
Secondary enhanced mining recovery will commence upon the deployment and implementation of Planet's enhanced mining technology. While Planet's technology is being deployed, secondary recovery ore will accumulate for recovery. The current ore ready to be processed is estimated at 6,000 tonnes of antimony.
About Planet Resource Recovery, Inc. Houston, Texas-based Planet Resource Recovery, Inc. is the developer, manufacturer, and marketer of unique, environmentally friendly proprietary chemical compounds and processes that will usher in a new paradigm shift in industry. The company is primarily focused on three distinct sectors: 1) Oil & Gas Industry with PetroLuxus(TM), 2) Remediation of mining toxic byproducts and 3) mining of base and precious metals. The company has developed multi-dimensional compounds and their related processes, technologies and methodologies to provide these sectors enhanced benefits and revenue opportunities. For more information visit: www.planetresource.com or www.petroluxus.com.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.com.
Safe Harbor Statement Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet.
Where is the list of banks. Can u post a link?
They argue about the stock but they know very well that cc will start at 2.00PM
But they are talking about the stock. May be they are investors like us. Yes actual cc will start at 2.00PM
There are 14 participants in this CC at this time. Just listening.
Your point about the substantial reduction of IQD looks very logical b/c too much money supply means, in my honest opinion, too much inflation. If Iraq's inflation today stands at 6 or 7%, as compared to 40, 50 and 60s couple of years back, do support this assertion that M0 has been reduced substantially. JIMHO
Excellent post. Thanks
I with u one 100%.
With the existing float, this stock should have been much much higher with almost 2Billion volume.
First they promised that they will provide details in a week time. Now after several months they come out with a bit of info of the that news and expect it will take another couple of months for you to get little more details.
The scarcity of good news is forcing them to stretch the single occasional one over a longer period time to demonstrate as if they are really hard on it. But that does not make them any better/smarter custodian of our trust. This way they are successful to net some more fish into their net.
With messy and bankrupt countries all around the globe, IMF has emerge as all powerful and has been dictating the terms. How any nation can takes offense when they always have been invited to salvage them from financial ruins. JIMHO
'Chas56789' I agree with you one 100%.
I bought my Dinar from Scotia Bank, two or three years before. I have just checked the paper work they gave me along with IQD. The receipt contains Ticket # only. May be the bank has some info related to the IQD they sold me linked to that number.
It does not show any indication that will certify that these are the same dinars those I bought from the bank and not the fake ones circulating in the market.
In any case I'm sure the IQD, they sold to me are the right ones.
The company/bank I bought my Dinar is Bank of Nova Scotia, couple of years ago. When I asked them several month back they were not dealing in that currency. I checked with TD bank, they also are not dealing in this. I have no idea where to find, which company is dealing In Toronto or for that matter in Canada.
I hope when RV is done, most of the bank will start dealing in this currency. Only hooope so far.
He is one of the so called new bread of posters.