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The pump I received DOES NOT contain a target price.
Not that I could see at a glance. But I will relook and post the answer.
Surf,
As you suspected, it looks like the pump will continue into next week.
Just received this via email ....
++++++++++++++++++
Dear Readers,
A quick update from us before we head into the weekend.
We just want to let you know our latest alert LEXG just broke critical resistance at $1.50 & continues to march higher.
LEXG has now gained +20% since we first introduced you to the stock at $1.25 just a couple days ago.
Rest assured LEXG is only getting started & we see further upside ahead.
Investor interest continues to build rapidly & we believe that this will continue to be the case next week so make sure to continue watching LEXG closely.
PSA
Please Don't Forget To Follow PennyStockAce On Twitter
Be careful. That appears to be a probable falling knife you are grabbing. Suggest you keep a close eye on this sucker. If you can turn a quick profit grab it and move on.
If you can, put in a stop to control possible bleeding. If you aren't allowed to put in a stop (my broker does not allow stops on pennies) then watch it like a hawk. This may stabilize or recover for a while but it could also freefall to oblivion.
Good luck.
I agree that my math may be a bit fuzzy. But since RAPT is not showing their cards I really don't know. My read was that the 25K number was based on 20 tons processed but I could easily be off track on that.
Guess only time will tell.
Wonder if the RAPT marketing strategist (Jones?) knows what he is doing? I'm not impressed by what he is doing or why he is handling things this way. Maybe they are waiting to complete major initiatives before going public with news. Or, maybe the real news ain't so hot. Only RAPT knows the answers to this and they ain't talking.
Hanging in there.
Good trading.
OK, it took a few hours, but I got the same cannot deliver message that you did.
So, the address from which they send their investor stuff does not accept responses. That typically is a "do not reply" account but that's not what we get in return in this case. This is similar to the response you get if you try to respond to a spammer.
Another unexplained point of confusion it would appear along with the reality that they waited nearly 18 hours after the NR first occurred to send us anything. It was old news by the time they sent it out. Not helpful at all. Basically a waste of electrons.
Concur but ... make that several buts.
There is much about RAPT that we cannot be sure of.
First but ... are they really able to get 25K per ton out of what they process? They say they can but how do we know for sure. Just because they tell us it is true does not make it so. Plus no revenue has been announced that would tell us for sure. I think RAPT is legit but I have been fooled before. Plus as you point out, if they truly do have some proprietary process much better than anything else out there, why haven't the big guys gotten interested? If they are interested they are all certainly keeping their cards close to the vest.
Second but ... we really don't know how much processing capacity they have at this time. One point they made said they had only processed 20 tons. That means that they have 110 tons left to process ... with supposedly millions more tons floating around in Utah somewhere. They announced they were building a 10,000 ton per year facility ... but nothing heard about that either.
Not saving this is all hot air but it certainly is curious how this is unfolding ... or not unfolding as the case may be. And you are right, if what they say is true, they have a money machine with unlimited upside. Maybe they want their first revenue release to be astoundingly big ... or maybe things aren't working out as planned. I simply cannot be certain. If I knew the answer I'd go all in or run for the hills and not look back.
I guess in the back of my mind I am leery that something might not be exactly as it appears to be. But, I am willing to risk my modest stake given what could be a huge upside ... or I guess a colossal bag of wind.
At the end of the day I don't think anyone out there truly knows for sure. If they do, I've not been absolutely convinced. But intrigued enough to hang around a bit and see the audit and the 10K and the 10Q ....
Oscar ... I am with you on this one also.
No kidding ... same with me. I am convinced the stock knows I bought it and dumps on me. If I sell it goes up and if I buy it goes down. At least in the short term.
Hmmm ... I got the same email you did at 12:37 PM today. As you noted, a day late and a dollar short. I had signed up on the RAPT website and assume you did also.
I did not reply earlier but just did so to see what happened. Nothing thus far. Will post if I also get an undeliverable.
Earlier today I did send some questions to Todd Jones at IR@... as listed on the website. Got a delivered receipt on that one but no read receipt as of right now.
$11.65???? Afraid I have no idea what you are referring to. Did you really mean .1165 for support? In addition, what's the .18 based on. Trying to put a number on a stock going forward is always a WAG, only the market can do that and that's in the future as well.
Addendum to my last ...
Just sent another email to Mr. Todd Jones of RAPT asking for the status/expected completion of the audit, the 10Q, the results of the 1st 100 tons, etc.
Regarding the audit I pasted in the lead paragraph of the NR from 10 Feb 2011 on this subject.
I have confirmation that my email was delivered. Awaiting a read receipt.
I will post anything I might hear.
Correct me if I am wrong, but I was of the understanding that the reason for the audit was to complete the transition from previous management to the current team and the clear the slate going forward. To what degree can current management be held accountable for the sins of the past under GiddyUp or Branded Beverages? In addition, it was necessary to audit Raptor Fabrication which I understood was to be the main operating element of Raptor Technology.
But we clearly we don't know what we don't know about the audit and it is troubling. I seem to recall some rumblings about some stock shenanigans with the former CEO ... forget his name.
I also agree that Gleason is missing opportunities to cleverly dole out tidbits of positive news ... I hope this lack of news does not mean there is no good news. Gosh, based on what we do know, there must be some good stuff happening that could be reported. Yesterday's NR was pretty low on the scale of important stuff. We had a strong of good PRs back in Feb, nothing much since.
Anyone in contact lately with their management. I asked Jones several questions that I know he got but he never responded.
My sentiments exactly.
Been doing some poking around on this Kenneth Bowman. Found one who is the CEO of something called Networld in Salt Lake. Possibly the same Bowman. Found a court judgment against him for failure to pay the stupid power company. Salt Lake is a big place ... could certainly be a different Bowman.
So far a dry hole trying to connect him to either Washoe or RAPT.
Tons of activity in pre-market and at opening. A lot more than I would have expected. Perhaps the PR caught the eye of other investors this time. As someone who knew at least a little bit at RAPT, I was not overly impressed with the PR but it appears that others were. Nearly 500,000 shares traded already, far more than recent weeks.
Be interesting to see if people start dumping to lock in profit.
Address Googles to a single family home ... perhaps that of the registered agent?
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Just checked the White Pages ... this is listed as Bowman's residence.
Thanks Oscar.
From the PR sounds as if there are enough tailings to keep everyone busy ad infinitum. Of course, this begs many questions that are as yet unanswered.
As I recall, others have tried to get more info about Washoe without success.
Nice post Dreamer
Surf ... getting bombarded with PR pumps on LEXG. A quick glance at the chart indicates the run may have already happened.
Any quick thoughts?
100 ... I think most of us understand the Class A/Class B share arrangement that is, as you quite correctly point out, pretty much a business standard. Although I am fairly new to pennies, I have been investing and trading big board stocks for over 30 years. During that time I probably have received many hundreds of proxy vote mailings as a shareholder. And, of course, my individual holdings only give me a relative tiny number of votes on whatever the issue is. But multiply me by huge numbers of shareholders and the impact of our votes makes a difference - or at least it should.
In my many years of reading 10Ks and other corporate documents, I don't recall ever seeing such a brazen statement as appeared in the SFMI 10K. Basically, SFMI is telling their shareholders they don't matter. Not what a publicly traded company is supposed to be. The act of making this a public company, by its very nature, requires ownership and management to relinquish (or at least share to some degree) decision making for the firm. Insiders may still be the majority shareholders, either through sheer numbers of shares controlled or because of share class structure, but they are not dictators ... absolute control of insiders and management is vested in private held companies, not public companies. In fact, I would be tempted to see what the SEC's take is on this statement. Unfortunately, not every thing filed through the SEC is ever read by the SEC. SEC is, after all, a government agency!
Where's Gordon Gecko when you need him?
Exactly the quote I could not put my fingers on earlier.
Not even. For all I know, the smelter is a pot on someone's camp stove. I am quickly losing track of what might be fact and what might be fiction. First heard of a smelter at some distant secure location. Everything to date seemed to indicate smelter supposedly at the field site.
But, of course, the real question is whether or not there really will be one. I am worried we will next hear "we were building the smelter but the radioactivity from Japan melted all the parts."
Nothing surprises me anymore. I still would like it to succeed but it is looking more like the old fumblerooski play.
Based on my read of the 10K, doesn't look like even the combined shareholders have the ability to carry any sort of vote. Deck seems stacked in the favor of SFMI management big time.
At least that's how I read the 10K. When I get a chance I will relook that portion of the 10K.
I agree with you. All I want is the truth, not a curtain through which we cannot see.
Poorly worded on my part. Was referring to all the concerns the other poster raised. The smelter has never concerned me since I don't know if it even exists. Not my intent to confuse the issue.
You are on target on all counts ... but the market still does not know most of this.
Well put ... that's what I was trying to address in my last post.
Your points are well taken. However, I believe SFMI management needs to pull their heads out of their fourth point of contact (that's an old Army Airborne term) and aggressively market themselves with positive info. Also stop making dumb mistakes like failing to file SEC forms. Until that happens the market is going to ignore this we are storing concentrate approach. Have to do something for the brokerage firms to start coverage. I am not aware of any analysts who are currently following this puppy.
I venture to say that most people who follow this board know one heck of a lot more about SFMI than do the so called Wall Street bubbas. Everything I am seeing is flying beneath their radar. Something needs to grab their attention.
Are you saying that SFMI management needs to be their own best buddy regarding their stock by releasing positive information vice the current head in the sand approach?
An 8K, for example, is a simple document to produce and submit.
That's the same thing that caught my attention. A universal, perhaps deliberate (?) oversight. Surely they have a compliance officer to make sure they stay on the good side of the SEC enforcement bubbas. If they do, he/she did not do his/her job.
The seniors claim to be experienced business types. This failure seems to indicate otherwise.
RK just sent me the following response to my question to him regarding when senior management could be expected to file their transaction forms. Quote below taken directly from RK's email response to me.
"Insider forms are being worked on, it was an oversight and will be filed very soon."
Seems to be a significant and pervasive oversight to me.
Thanks for the info Surf. Already have regular and Roth TDAmeritrade accounts but not a "thinkorswim" account. Will look into this as a possibility.
What I have works OK for stocks in the mid teens to a buck or so range but it is a definite no go for the subpennies with a 5000 share limit.
Appreciate the recommendation.
At the rate this is going about the only thing you will have in your hand is your hat.
Something ain't right here.
Surf ... EboJr here. I am having loads of fun watching the craziness on the SFMI boards. Seems to be a Hatfields (pros) and the McCoys (cons) duel that both sides will probably lose.
I am also keeping my eye on RAPT to see if the expected 10K/Q has any meat on the bones. I suspect it won't but who knows for sure. Might be some longer term potential there.
Unrelated question if I might ... I want to use the same low cost brokerage firm for these little guys that I do for the big board stocks I invest in. However, I am not allowed to buy more than 5000 shares at a pop on the OTCBB and I also cannot put in stop losses. I can on the big board stocks but not on the OTCBB.
Can you recommend a brokerage firm that is more penny friendly?
Haven't posted on your board lately but I continue to read it every day.
Good luck.
EboJr
Never a dull moment with these guys. I am keeping a small stash of stock just in case one of their dump trucks runs into the side of the mountain and accidentally exposes a mega lode. Or perhaps instead of a dump truck, maybe the CEO's 2700 a month car or his 2000 a month rental vehicles do the trick!
But I am getting increasingly concerned that all this may vaporize without warning. Nothing surprises me any more.
Forgot to mention that in my last post, which I just updated.
OMG, we are dealing with cretins!
Rich Kaiser responded to one of my questions.
Over the weekend I questioned the accuracy of the date of the just released 10K.
Just received the following response from Rich Kaiser.
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"The company's edgar agent made a typo on the date on the first page, otherwise the statement and other written statements are for the year ending DECEMBER 31, 2011.
Sorry for this confusion, and the Company is making an amendment filing to correct this typo.
Thank you
Rich Kaiser
Investor Relations-SFMI.
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Of course you will note that Kaiser has a typo in his response as well ... saying the ending date is Dec 2011. They must not care for 2010 at all!
I also sent a separate query asking when SFMI management was going to file the requisite SEC insider transaction reports. No answer on that one.
Strange shade of green ... looks red to me.
Yes, I had seen what you refer to.
Just find it hard to believe that the 10K was apparently released with the wrong date on page 1. Gives me pause that perhaps it contains more errors that we don't know about. Not the end of the world, I suppose.