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The purpose of this Amendment No. 3 to the 10-Q is to correct the shell status of the Company. The Company is not a shell company as defined in Rule 12b-2 of the Exchange Act.
I like the fact that when no news is available we can put out the Q again saying we are really legit.
I hope that gets the stock to .001 at close.
3.2 billion shares OS as of last month. When the 10Q was released last the company stated that another 800 million shares entered the market on top of the 92 million in the float. Then 2 billion shares RESTRICTED were issued to management. So the OS was 2.892 billion.
Since that time and up to this past Monday morning at least another 300 million shares were diluted into the market( one of the reasons the stock was at 2-3 for a while. Dilution leveled off then. Even if some dilution continues on occasion and the OS goes to 3.5Bwith the float at 1.5B the market cap is so small( now at just about 1.5 million dollars) that any news would move the stock up. We are expecting several news items on the Ghana situation and .01 is reasonable by year end. I reentered this stock at .0004 on Tuesday and Wednesday.
Unlike the T poster I keep opinions to myself. Only DD information is disseminated. As there are several newbies and potential newbies in the room now I will corroborate and cooperate with the promotion. Expect dilution at all levels and over time the bid to strengthen in a stair climbing pattern. No way this goes in any one day to finish on a dramatic move upward at the bid close level.
We need to weed out previous longs for that to happen. At over 1.2 billion shares in float with more than half accumulated at .0005 this will take time.
In the meantime we all need to communicate to Hollister the need for at minimum a weekly news release. This will sustain a move upward. Simple updates on mapping, surveys, etc. are good enough. No need for drama or exaggeration. If Hollister persuades management then we will see .01 at year end. ( 20 bagger)
Mulder 35, have you not figured it out yet?
I am back in for another trade.
Biochemist,
OTCQB is the middle tier between the bottom-Pink Sheets and the top-OTCBB, so it is LESS than OTCBB as for classification and quality.
I think that is what trre was trying to elude to. His detailed explanation of fundamentals and assets and operations in this stock were based upon his past experiences. No one knows what EMLL management is doing but the facts are that they have the abilities to raise consciousness in many gold websites and newsletters. That is all that can be asked for by any shareholder here. Even if Mr. Khoo does nothing more than map a potential site which follows in 90 days from now with a geologists speculative analysis of potential reserves the news releases generated in the next 90 days can take the stock to .01( 20 bagger). I do not think that anyone in here will own what they bought at .0004 or .0005 at that time.
I think it is time for trre and the rest( pumpers and dumpers) to cool down and just concentrate on the technical trend as well as the stock newsletters that are rising in numbers for EMLL. That simply means that the stock will not see .0002 bid again any time soon. Who cares that insiders are dumping? As long as the market can sustain it and go slightly higher ever so often we are OK.
If we see .001 end of year we all should be satisfied.
I hate to admit it but trre is correct.
They lost there OTCBB status after filing the 10Q.
I do not know why. They are now considered OTCQB as a pink sheet stock that files with the SEC.
Many stocks on the pinks trade this way as they almost all were once OTCBB, then lost that status, but continued to file. I think they continued because they thought that one day they would get back on the OTCBB.
There is no real damage to being delisted from the OTCBB as long as you still report to the SEC. That way you still are in compliance and the shareholders are comfortable that you are responsive.
What does that mean when you want to buy stock at 5 and the MM gives it to you at 4?
If anyone can pick gold after a rainfall then we should all get our shovels and passports ready for a trip. I have read Newmont, Ashanti and PMI Mining and others who have operations in Ghana and they seem to be doing well at a cost of mid 500's to get the gold out. Alluvial mining is cheaper. I read that tens of thousands of people have ventured into panning for gold after rainfalls( the cops there cannot keep them away).
Please report the names of the officials and the agencies they work for to add credibility to anything you post. I have seen EMLL on several websites related to Ghana and anyone can Google for where.
Mr. Khoo is not a politician nor a statesman. That 'poster' was being sarcastic.
m1999 had a map he took off wikimapia.org showing a gold field north of the Newmont Mining operation in Kyebi, east Ghana. It was located in an area called east Akim and the village was Asikam.
6.1952538 N
0.5413342 W
are the exact GPS coordinates of this village
The SAT maps show two areas in that location that may be available for mining rights. The rest of the area have houses on them.
One is to the left and that is forestry. The other is a small lot(maybe 10-20 acres) on the center north.
I think then it is the LEFT area which looks like maybe 200 acres.
Of course EMLL can have a spot outside this area any where within 1 kilometers and still call it Asiakam as there is no other village named marker to designate the lot other than Asikam.
If you know people in Ghana then check with the local mining authorities. Start in East Ghana Region and Kyebi is the capital of this Region. East Akim is a district in this region.
Asikam adjoins to the north of a large mining operation that Newmont Mining is involved with.
The stock was sold from the conversion of the wrap around agreement that allows Khoo and his colleagues to sell 10 billion shares if they wish. The 10Q stated that he converted $190,000. for 800 million shares when the stock was trading at .0008. So when the stock trades at 4 or 5 he can convert the other 1 million dollars to maybe 10 billion shares.
I see that EMLL has finally started to trade again. Please do not expect that the 2 bid goes to 5 bid then 9 bid . It has done its move for today and should settle at 4 bid( a double) which is not bad considering this minor news release. What is needed is for Khoo and Hollister to mirror the PR that Hollister has done for the other clients of his firm.Khoo can and eventually will take lessons from PMI Mining( just mentioned). Anything properly PR'd in Ghana regarding gold today can easily be successfully promoted.
I have read that some people are referring to my research on the terminal site. Please do not sell this at .0002. You might as well hold to zero or if lucky see .02 again. Any type of PR would take this stock higher. Gold is up another 45 dollars and the Dow is brighter. So any idiot can take this pink sheet and notch it up a bit.
The pictures posted of the terminal show a site that has not been touched for many years. No one in here believes that by December 15(?) a complete make over will happen.
Hollister obviously misstated and I do not think castigating him will do anyone here any good. He just reports what management tells him too.
So, I agree with those that just said that Mr. Khoo underestimated the costs of opening this oil terminal. Maybe that is why he is seeking a biofuels partner. This was a bad management decision as another here said. He should have known the minimum costs of what it would take to solve the regulatory issues, let alone a paint job or cutting grass.
Maybe we can send the photographer on a wildlife expedition into the mines of Ghana. Do not forget to bring a compass to find the 100 acre winnie the pooh plot because all the maps are sold to suckers like us.
You are right. So, tell that to Hollister then. If we are so cheaply made out by the MM's then the PR and management handling of the stock is at fault.
I was talking about my trading not the insider dump strategy.
The insiders will sell at various prices and have done so since August 10, 2010. They started at .01 then it went to .02. Then it went to .005, Then it went to .008. Then it collapsed to .003. They do not care about a daily price, just what average price they overall got out at. Of course, I do not believe that they will sell all of the remaining 1.1 billion shares( not converted yet). I think that maybe they will stop around the 2 bid. The remaining 900 million shares( as of opening today) will enter the market over the next 70 trading sessions and by January 1, 2011 when the 10K annual report comes out or does not come out they will be out.
Management does what it does independent of the MM's. The MM's go by charts and psychology as well as volume. If MM's went by management then no MM would support trading in any pinkie, specially EMLL.
Have you never traded a stock where insiders are dumping volume daily? I have many times. All we wait for is the price( let us say the price is 3) then the news release(s)( they 100% always come out after a base is built cheaply) take it to 5.
" currently in talks............."
"currently exploring the opportunities..............."
"making arrangements................."
Mr. Khoo has better legal counsel then he has PR.
I am a seller and a buyer or a trader.
I will try to elucidate to the newbies and to the faithful.
The 1.2 million dollars that management claims is due someone and is converted into free trading shares was partly done so at .0005 to .02. The vast amount was done at .0007 for a net to the insider of $560,000. Yet the 10Q states that they were allowed to use a .0002 price as for the conversion. This because they claim that maybe they may not have been able to sell at .0007 or so. Of course they did so they made out even better. That is why the 10Q clearly states that they converted 800 million shares to ONLY FORGIVE $190,000.!! get a calculator out and divide those numbers. This was done in August 10 to September 7 when the average price was heavily traded at .0008.
Now that leaves the insider with another $1.010,000. left to convert. At no discount the insider can dump another 3.3 billion shares. With the same discount the insider can dump another (7/2) 10 billion shares!
The authorized is 5 billion and of course management will never want to lose more than 49.9% or control. That would be 2 billion shares total.
The results then are that management will stop the dump eventually at a 2 billion share float which is 1.11 billion shares more than what they had dumped already since September 7.
Yet, to be sure, management knows we know this and for that reason has been quieter over the past 2 weeks in dumping paper. Now they realize that time is against them and so IMO will dump whatever they can at whatever price they can, with OR without news releases, until that 1.11 is gone. IMO they have dumped another 200 million since September 7 and now are sitting with 900 million more at 4 BID( this morning). A decision has/had to be made. IMO you will see big volume daily or every other day and the stock will either go to .0001, stay the same or through several news releases go to .0005 bid.
That is the game.
Absolutely no one is shorting this stock at 3 and we all know it.
I have not bought any of the 3 shares. The MM traded the block under the Bid and that is allowed for large single block trades.
I will be going to Pittsburgh on Friday and I will go past the terminal and take a picture for your scrap books.
I am sorry I cannot be more faithful like m1999 and I do sound so pessimistic about management's lack of understanding and caring about how they look to shareholders.
Since the purchase in June of 2010 they have not refurbished anything at the site. That is over 4 months ago. The first thing you do is cut 3 foot high grass and the second thing you do is take the rust off tanks( a chemical process). Then you paint a tank and put your EMLL sign or logo on top. You mean they have no money from all the paper dump for this alone?
This is criticism for management, not advisory that a scam is in process. I am admitting that they may NOT be a scam if at least they act by spending a few dollars to make it look legitimate. Then the website can be updated and we all can make money.
Finally, I am a LONG as I own 5 million shares. My finger poking is at management. If all you clowns did the same( I take the total responsibility and acknowledgment to having at least gotten some of you angry and start calling the Hollister, Price, TA, and others to answer for their lack of intelligence) we would have a stock trading at .01 already.
Hollister states::
1) We are currently in talks with biofuel operators to lease our oil terminal or a enter a joint venture partnership.
Please give us the name.
2)In the meantime, we are also doing a refurbishment on the oil terminal to increase value.
Please prove it by you showing us one picture different at the site diffferent then what we already have seen in rusted tanks and no activity.
3) Also, we are currently exploring the opportunity to acquire a viable oil field business in Texas in order to expand this venture.
Please give us any name in Texas.
4) We are making arrangements to raise funds from a venture capital group, using the stamp collection inventory as collateral.
The name please.
Thank you,
Gerrard Hollister
since you follow www.katexploration.com as I do why not tell Hollister to advise EMLL to do a copycat website of what they have.
Your math is incorrect. They admitted to dumping as of September 7, 2010, 800 million shares( in 10Q). We saw the L2 trades daily and even by the second. We have calculated that the average was over .0005 per share. I would say .0007 average. That is $560,000. You claim that a shell costs $500,000. They stated in the previous 10Q that they bought the shell for $330,000. So that leaves $230,000 for acquisitions and expenses, which I am sure they spent already. I am the first to state that with these statements from me ' there is no scam.
My problem is:
1) Since September 7, 2010 they have continued( although at a lesser scale) dumping paper.
2) Hollister is doing a terrible job for EMLL then he is doing for the other 4 companies that hired him since the summer of 2010 to do PR. Even the website that I am certain Hollister did for them is total amateurish. They took the previous website down to replace it with this?
3) They worked so hard getting anew auditor and filing at the last second only to lose their otcbb status because they could not find a MM to file a 15c211. I checked this out. So they are a 'reporting pink'. What company does this?
I am not from new york city. I live in Pennsylvania and I travel between NY and Pittsburgh on business. As for pictures, what does it matter if the grass is high and the tanks are rusted? Actually to make peace with all in this room, let me be perfectly clear. I am not a basher and I do hope that I am wrong about what I have read and seen. EMLL management does not have a legal obligation to do anything on the terminal nor the stamps nor the gold exploration venture. By paying a few dollars to a joint venturer in the stamp deal and controlling 70% without any sales in the future, EMLL has got several news releases out of that. They were able to sell much free paper on this alone. Then the oil terminal can lay waste for a year and they can pump out many news items on this. If there was a Chicago bio-fuels lease in hand they would have announced it already. My DD only told me that the taxes were paid at the last moment before a sheriff tax sale as the 10Q was done the last day they could reenter the otcbb market. This was done because they had to do it to maintain the image that they intend to build something. Yet the website has NOT been updated to show the work they and you have claimed to have been done on maintaining or upgrading the facility. What does it make a difference if I show you a picture? You will say it was a 'doctored' picture anyway. Why not have one of the many who say they have been there and lied state that they are sending a picture and then we will know the truth. So, even if the terminal is worse they only exaggerated through Hollister.
The Ghana deal can be existeing as anyone can go to Ghana and ask for a venture to map property for $1,000.( as I detailed in my previous posts) and then spend $3,000. doing so over a 90 day period. During this time they dump more paper( there are those that insist that the company has stopped dumping at 800 million shares-let them prove this by having the Transfer Agent reveal this to the shareholders). After this time little or no gold is found. This is not illegal.
So, why am I so fatal about this company when I was the biggest pumper a month ago?
I am not fatal and in fact I have revealed that I own 5 million shares at 5 and would like to buy more at 3. If I was bashing to get the price down to 3 then I would be a fool as I still have 5 million at 5 and there is no guarantee that I could get out above 3. So, I should do the opposite!! I should pump it to 5 bid with 5 MM there then dump it, then bash it to 3, then buy it. I am NOT doing this, am I?
Therefore, I will stop bashing the stock on my DD and just state that I am perfectly happy to watch and wait to see what management of EMLL will do next. I will not state ANYTHING negative about the company, even if I know something more, and I will just state that the only reason I said that the company could stop trading or may have an investigation is strictly based upon the very complicated agreement that allowed the insiders to dump 800 million shares( with an unlimited amount available to dump- over 7 billion shares at this price if they had this authorized-they do not). This agreement says that because the management had a debt owed them they can assign that debt to EMLL, even though management never had any debt with EMLL.
THE 10Q READS>>>>>>>>>>>>>
"On August 3, 2010, the Company executed a Wrap-Around Agreement with its chief executive officer and Epic Worldwide, Inc. (“EWI”). Pursuant to the agreement, the Company issued EWI a promissory note in the amount of $1,200,000 in exchange for EWI’s assumption of certain amounts due the Company’s chief executive officer. The promissory note bears interest at 15% commencing October 3, 2010, is due August 3, 2011, and is convertible at the option of EWI in whole or in part into shares of Company common stock at a price per share equal to a “50% discount of the average three deep bid on the day of conversion”. On August 3, 2010, August 13, 2010, August 19, 2010, and September 7, 2010, the Company issued 200,000,000 shares each day (800,000,000 shares total) of its common stock to EWI pursuant to EWI conversion notices reducing the promissory note balance by $40,000, $40,000, $60,000, and $50,000, respectively ($190,000 total)."
I am glad to see that the taxes were paid a few days before the sheriff sale in Luzerne county.
oracle is part mythology and part reasoning. My DD is not speculation but pure fact. In fact my recent visit to the site states exactly the opposite as some who said they went there and found a completely different site or 'activity'. Does that not tell you that this room is filled with front men?
said like a true front man
You can research that by going to the Luzerne county courts, state of PA courts and go to administrative law judgements. The previous owner sued Sunoco to have the pipeline remain open and they lost. At that time they closed the site for good.
what you just posted is the exact same words I used in all my posts so you did not do any DD. All you did was quote exactly what I said. Anyone can prove what I just said by checking all my original posts of August and September. The company is a a scam. they promoted themselves on the Sunoco distribution pipeline as the only way this company is profitable is by pipeline distribution. The Chicago biofuels operator lease is 100% lie and I dare the company to prove it. I expect a stop trading end of year and a zero price.
stock is still a scam and these guys are shills and fronts for Hollister, That is how he works. Do you think you can gang up on me? No way. I know the scam and know the company.
Now it is trading at 4 bid but was 7 yesterday. Correct, trading and liquidity, who cares if it is a scam?
since then we have seen the truth and all that I thought was bogus and so I reported such.
First I sell at 5 then I buy at 3, correct.
Sunoco closed the pipeline years ago for good.
All my posts should be read from the start. I will continue to trade this scam to the end because of volatility.
The door is rapidly closing on this company. From my experience I would expect a regulatory disaster very soon. No one to blame but the clowns because they were so very obvious in the scam.