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Are there any suggestions as to why AMCG has stopped supporting its share price, at least for now?
GLTA
Bob
Bobhwang will like this post.
Here is a link suggesting that gold prices could hit $5000 an ounce by 2020:
http://money.msn.com/investment-advice/why-gold-could-hit-5000-dollars-mirhaydari.aspx?GT1=33036
The important discussion, in the article, as far as CGFIA is concerned is the failure of mining companies to keep up with worldwide demand.
GLTA
Bob
Life caught up with my plans.
I wasn't able to work on the iBox this weekend. I will try to do better next weekend.
GLTA
Bob
Something was probably lost in the translation from Chinese to English!
I was able to get the link to work by copying the entire link and pasting it into my browser.
GLTA
Bob
If there is an announcement early next week this might be the last chance to pick up cheap shares.
GLTA
Bob
Distribution from 10-K
Through Distributors
We distribute our mobile phone games to our end customers through carefully selected distributors, or mobile value-added service providers, who work directly with the mobile telecommunications networks. These mobile value-added service providers take the role of distributors to enhance the visibility of our mobile phone games as they have an established market presence in providing services to mobile phone users. Our distributors set up WAP based internet sites which can be accessed by users of mobile internet features provided by telecommunication operations in China Mobile. As of August 31, 2010, we had established cooperation arrangements with the following mobile value-added service providers in
China:
• Shenzhen Tencent Computer System Co., Ltd. (“Tencent”), a Chinese based company listed on the Hong Kong stock exchange. Tencent is the operator of QQ, the most popular free instant messaging computer program in China. According to statistics distributed by Tencent, at any time QQ had over 100,000,000 concurrent online users as of August 2010. Currently, Tencent provides 22 servers to host four of our mobile phone games. Tencent is our major distributor and key partner responsible for the distribution of the following games: Miracle Journey to the West, Fantasy Wulin and Journey to the West OL.
We have also maintained a strong distribution relationship directly with telecommunication operators including China Mobile and China Unicom. Our games use a third-party payment system provided by China Mobile for service providers who distribute their products through China Mobile, and our Miracle Jiutian game is expected to be operated in the game center of China Unicom and distributed directly by this operator. According to official statistics, China Mobile had 564 million users as of August 2010 and China Unicom had 320 million as of December 2009.
Direct Distribution
In August 2010, we started our direct distribution channel by launching our game portal, named "E-Ge-Ge" (which means "Big Brother" in Chinese). The game portal constitutes a consolidated platform to carry a number of mobile games and distribute directly to cell phone users in China. Cell phone users are able to access the game portal through the following domain names:
<www.egege.com.cn> or <www.01234.com.cn>. Direct distribution allows us to receive a larger percentage from the revenue generated by our mobile games, without the need to share the revenue with distributors. The game portal operates on a membership basis and leverages on our strategic partners to attract a large and loyal user base.
12 month plan from 10-Q
We anticipate developing, or licensing, further games and technologies for distribution in our market over the next 12 months. Our current areas of focus are:
1. Develop software to allow users to generate maps and game play scenarios for Journey to the West OL.
2. Develop software that would allow users to operate our games on a larger number of platforms such as the iPhone and
personal computers.
3. Develop WAP 2.0 support for our WAP games to take advantage of the benefits offered by this newer standard.3
4. Develop additional Java™ games as the Chinese telecommunication network moves towards 3G compatibility. We hope
our aggressive strategy in this area will establish us as a leader in this newly developing market.
5. Create in-game ‘goods’ which may be purchased by the players to increase their game experience or enhance their status
in the game. We anticipate this to provide us with additional revenue.
6. Develop our own online mobile game platform and become not just a content provider, but a service provider by allowing
players to access our games directly from our own websites.
7. Investigate the possibility of licensing foreign developed games for use on the Chinese network in order to rapidly
increase our game offerings and strengthen our position in the market.
8. Develop games for Nokia's Symbian and Google's Android mobile operating systems.
Thanks - I will play with it some this weekend.
I am thinking that the 10-K, 10-Q excerpts would probably be better as stickies.
GLTA
Bob
OTC Signal Daily Stock Watch - CPOW
http://www.benzinga.com/press-releases/11/04/c1017567/otc-signal-daily-stock-watch-cpow
GLTA
Bob
Thanks,
I appreciate the vote of confidence.
GLTA
Bob
iBox edit -
I want to work on the iBox this weekend. I would appreciate it if members of the AMCG board would review what is currently posted for accuracy and let me know of any problems. Also, I am open to suggestions as to what content should be available there.
Thanks,
Bob
Adding new employees might imply that they are not having difficulty financing the business IMO.
GLTA
Bob
stevechen_27 do you have any insight into China increasing required banking reserves. Do you think that this could make it more difficult for AMCG to get credit?
Thanks,
Bob
I agree completely.
GLTA
Bob
I have volunteered to Moderate this board.
I have added on 3 Ass't Moderators. If I have added you and you do not want the position it is very simple to resign.
One of the things that this board currently needs is new due diligence to add to the stickies. There have been valuable posts in the recent past that qualify. However they are more than 48 hours old and need to be posted again before I can use them.
I look forward to any advice that is forthcoming to make this board more valuable to the members.
GLTA
Bob
The moderators position is now open.
I hope that someone from this board that has the time to do a good job will take the position.
Don't all jump at once.
GLTA
Bob
10-Q is due at any time.
Hopefully, it will have good news!
GLTA
Bob
-100 I need shares.
-200 I need shares badly,but do not take the stock down.
-300 Take the price down so I can load shares
-400 Keep trading it sideways.
-500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
-911 News incoming
Market Maker Signals!
911 - News
411 - Trade it sideways
GLTA
Bob
There were price spikes on two separate days in November and December followed by PRs the next morning that caused the price to go up more.
It happened a third time. The PR the following morning wasn't good enough to drive the price, which dropped early that day. I felt at the time that Marketwire had a leak since the price didn't go up due to the third PR being weak.
Today the price has been going up on very large volume without any apparent news or pump driving the price or the volume. It just looks curious.
GLTA
Bob
I hope that I am wrong because of the implications!
I expect that there will be a PR pre-opening tomorrow morning.
GLTA
Bob
Class Shares Outstanding at April 7, 2011
Class A Common Stock, $0.001 Par Value 3,984,709,371
Class B Common Stock (Restricted), $0.001 Par Value 490,371,533
That is exactly the same situation that I am in. I would like to see someone take over as Moderator that will do a good job.
GLTA
Bob
Stayfocused,
The last post by the Moderator on this board was 1-14-2011.
If my understanding is correct and there isn't a post by the Moderator by the end of 4-14-2011 the position will be vacated. I would appreciate it if you would volunteer to moderate the board if that should happen.
GLTA,
Bob
I don't particularly suspect insider trading. The 10 day average is only 186.8308K shares traded. IMO it simply looks like a lack of interest that might be a great buying opportunity if the 10-Q that is due next week includes good news.
GLTA
Bob
CGFIA #7 on the IHUB Breakout Board!
GLTA
Bob
Consistently low volume.
GLTA
Bob
The 10Q scheduled for April should answer your questions one way or the other.
GLTA
Bob
The loss from operations for the quarter ending 11-30-2010 was about $7,000. That was offset by other items for an overall profit of about $12,000 according to the 10Q that came out in January. In addition the quarter being reported in January had significant expenses for improving billing infrastructure as well as the move to a much larger facility.
GLTA
Bob
This is from a PR from 28 days ago:
Company management has reforecast the first year gross revenue for the Pride of the West Mill. Management now projects $14.3 million during the first 12 months of operation, which is an increase of $6.1 million.
GLTA
Bob
I am sure that there is a bar in Myrtle Beach that serves umbrella drinks that would be happy to receive some of the profits from CGFIA.
GLTA
Bob
I want to retire before I'm 80!
10Q should come out about the middle of April. If it verifies that AMCG continues to be profitable that should generate some buzz.
GLTA
Bob
I hope that you are correct. If that is the case the stampede should be just about over.
GLTA
Bob
It will be interesting to see the short numbers from today.
GLTA
Bob
Great news!
I would like to see a PR tomorrow morning about this to help make all shareholders aware that progress is being made.
Thanks,
Bob
I pay more attention to short selling as a percentage of daily volume than the raw number of shares shorted each day. That change went from 68% down 46%.
I would much prefer to see the percentage below 25%.
The volume with the shorts removed for both days was in the 10-12 million range and to me that is very low volume to build a positive run on.
My real point is that we need to know more about where the company is with the amendment process.
GLTA
Bob
I hope that you are correct.
However, in my opinion, the stock price will not go above .0007 until Management has provided an updated time-line concerning the amendment to the permit. Since the 10Q from January stated that the amendment would be submitted in March there has been no official news about the amendment. The silence creates a great deal of uncertainty among stockholders.
Based on past experience, I don't expect an official update until the next 10Q comes out in April.
GLTA
Bob