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The only other question you asked is that they never said they sold one stamp. You are right. They never have. So, why talk about the value of 4 or more million dollars then? Because they need to to dump paper.
Berwick is on route 11 or Salem Boulevard in that area of Luzerne County. It's 25 minutes from Wilkes-Barre. I got off route 80 and took a 9 mile road north to Nescopeck/Berwick then turned right and got to the site a few minutes later. It is about 2 miles out of Berwick. The site is very close to the nuclear power plant and you can see right in front of you the two massive steam turbine towers of that power plant. The oil terminal is actually a empty depot, completely rusted and the grass are at least many years old. Everything is rusted. It is on the Susquehanna River.
If they are not in a joint venture then they own the property or own the rights to get gold out. Where is the news on this? Read the news releases again on the Ghana story. This is the third release on Ghana.
read my previous posts and you will see that I was very bullish months ago when I told all I went by the property.
Now comes the kicker. You state that you read somewhere that the logo is on or the tanks got painted. Bullcrap.
Go to Google.com and click on the Mapping. Go to the terminal by satellite. The pictures change weekly. Go to Bing.com or go to 20 other mapping and GPRS sites. You can find them all over the net.( not just CIA anymore) I can read the license plate off your car with the new services( all free).
Now tell me that the rusted tanks look any different then before.
where does it say they painted the tanks and placed a logo on them???????
read the 10Q carefully. EMLL is no fool. It will not go to jail. They protected themselves in various ways through the legal counsel, legal opinions, and auditors. Misleading news is not relevant nor jail time. News releases are mostly in the mind of the beholder. They can say anything they want as long as they don't outright lie. The news never said they sold anything. Nor did it say they have a buyer for anything. All it said is that it is mapping or developing something on someone else s property. Not even a mention of a geologist report. The same for the oil terminal. The value of that site is maybe 2 to 300 thousand dollars. My research shows that a commercial realtor in Wilkes-Barre could not find a buyer for a year a couple years back. The sale price was 500K asked. So, the seller sells it to EMLL in July 2010 for 50 thousand dollars or 1/10th the price? That makes zero sense. What about this option for the seller to ask for 1 million dollars next June 2011? The seller takes an option but not restricted stock? Sounds like a scheme. What about the auditor quitting? All related to how EMLL got the free trading paper to dump. Then the legal counsel who ALSO is the Secretary quits. That is not looking good. All when the news looks very good, right?
EMLL did NOT fire the previous auditor. He quit and forced EMLL to redo their 10Q( by a 10QA amendment-very embarrassing) to state that the auditor had serious disagreements with EMLL.
The legal counsel-David Price- does the same the next day and another 10QA comes out with similar words for his resignation.
The last thing I want is for the SEC to stop trading this stock because it is too good to be true. Of course I am not making that much profits and if someone comes to my door I can show them this Investor Hub dialogue as to my defense. I made money trading both times on the LONG side.
EMLL has actually done a great job in PR. Hollister was definitely worth his costs. The stock will travel to 3 level again even after this 'mapping' BS. Has anyone actually gone to the terminal? Asked if the company ever sold one stamp? Know the name of the joint venture partner in Ghana?
The answers to all three questions are NO.
I have done a lot of due diligence.
EMLL almost lost the terminal for not paying taxes and that was just a short while ago. They beat the sheriff sale by just a few days.
EMLL will never tell you if they sold a stamp as they have no one who bought anything. Just a lot of multi million dollar asset talk. Funny how the current auditor did not put down ANY value to the 70% of this collection EMLL . No one asks why.
EMLL has big problems reopening the oil terminal because of many government issues. Not one thing has changed from the time they bought the terminal until today on this point. In fact I told all that I went past the site( I live in Pennsylvania) and a couple days ago went past again. Not a blade of overgrown grass nor painting nor any activity has happened in months( if not years). This is a completely abandoned site.
As for the gold, there is no way that anything should be believed as EMLL has not stated the name of the joint venture partner. Anyone can say they have a paper understanding on some plot of land in Ghana. The Ghana government will allow you to make any deal for no money as long as you pay $1000. fee to a business there. they officially then stamp your proposed business venture. Does anyone know of the level of corruption in Africa? Look it up. In Nigeria it is worse with the false oil deals. The SEC has hundreds of mineral and oil scams you can read about.
The entire reason I state this is that I do very much enjoy trading the stock. It has great range and thousands of suckers that make it so available and predictable. It has gone up and down within a serious range over a short period of time with good daily liquidity. The dilution comes and goes according to the news and ability of buyers to buy. So, EMLL does know how to dump without completely destroying( .0001) the stock. I told all to sell at 5 when it went to 6 bid then it goes to 4 bid(today). I will get it again at 3 and sell again at 5.
No one has timing that is off. This is a well crafted scheme to continue to sucker you guys in to the dump. Between yesterday and today another 100 million shares were dumped for another 50 grand net to the insiders. When the entire 1.2 million debt is done and 2.5 billion shares are in the float you will then find out the value, operation, cash flow, and control of any asset of this company.
Yes, do watch the news for EMLL for you shall see what the company actually is. Goodbye.
your welcome
There was enormous amounts of shares available at 3 and I told all to buy it at that point a month ago( see my posts). All sold as this stock is a scam. You may see 7 and 6 and even 8 but by year end it will be 0 bid. There are several shills in here who are fronting for the company and the PR guy. The terminal operation is bogus,. The stamps and the JV behind that deal is bogus. The Ghana deal is bogus. The agreement that alowed the insider(s) to sell free trading stock was a scam. This company will never come out with a 10K and the auditor exchange was a time delay tactic. Even the attorney quit as Sect'y of the company( right after the auditor). I was very heavily involved in being positive in this stock and after doing the proper DD I dropped it and took my profits. I have no complaints as a profit is a profit. I traded this stock twice.
What I got at 3 I sold at 5
dilution is not a ey issue as the OS would still have modest market cap value. The key is that the wrap around agreement is BS and the fundamentals are troublesome.
If the company does not have current income on the assets acquired or in JV already then they have to dilute or do a private placement or another corporate financing. As the conversion to debt idea is what they are selling the diluted shares on then they have unlimited amount of shares( not just 2.1B which is the rest of the authorized). They can always increase the authorized. You may think that they would lose 'control' then. Not so. They would just give the CEO additional paper to make sure they always have no less than 50.1% of the OS at any time.
They pocketed over 600 thousand by September 7 and maybe 100 grand more by now. I see the volume dried up and the selling as well. The 700 grand covers what they expended and all costs of shell, acquisitions and expenses. The key is that their are more expenses for the auditors, professionals, reopening of the oil terminal and marketing the stamps, as well as whatever they need to satisfy the Ghana gold partners.
Interesting to note that the NYC address they gave as media relations( before they got Hollister) is right next to the Ghana Consulate in NYC.
You mean that the stock price of the companies were destroyed before he came aboard. The fundamentals of any company on this area of the stock market is always suspect. So, lets stick just to the price of the stock. Here too, EMLL went from .25 to .001 in one tic.
OK getSum, what value does EMLL have? I believe you that the oil terminal picture being shown looks like a million dollar piece of property. yet the new auditor( Studer & Co.) put down little value to it. I also believe you that the stamps are worth or appraised at or insured at over 4 million dollars. yet, Studer& Co. says they have a $25,000. value. What gives here?
daylar, we can but the company is too cheap and too ignorant to realize that all it needs is the right type of PR and not this BS they have as PR. News releases without quality investor shows and US representative interviews wont make us money nor will even give them the ability to sell 1.2 million dollars in paper for at least a year. They sold 600 grand so far. They will just dump smaller amounts now at this level for months to come. Then when the 10K does not come out you will figure it out. EMLL management does not care that even though they have come out at the last moment with the 10Q they could not get back on the otcbb and are 100% on the pink sheets. All they need is a market maker to file a 1 page 15c211 form.
Why have they not done so? Why is there a new auditor? The 8K that stated why the old auditor quit reads extremely bad. They quit because they disagreed with management. How can an accountant state such a thing so dramatically in an 8K when there are no revenues and therefore no way does the former auditor have any liability. Here is the only answer:
The old auditor( Webb&Co.) did not believe the conversion debt to free trading equity agreement because it was not proven to have happened. No one gave 1.2 million dollars to anyone and the former auditor has no proof in writing this happened. If he or the new auditor had this it would have been an exhibit to the Q.
OHHI ? The pictures you see on another Google site for the stamps that associate with fundshunters llc are the same as the ones in the EMLL website because these two companies have a joint venture with the same stamps, etc.
Gerrard Hollister is effective with this type of promotion and will do the same thing with EMLL as he has done 4 times in the last year successfully. Unfortunately, none of those 4 stocks went anywhere. What did happen was that those 4 companies had much paper moved over a 6 month period. That means from August 10 to Feb 10 of 2011 he will earn his keep.
EMLL is a pink sheet stock that is eligible to relist as a otcbb when a MM provides a 211 form, which has not been done yet.
That 1 million dollar option was a scam. They will never pay up nor have they the ability to come close. The same goes for the 1 million dollars that someone owes someone that got the billion shares in the float from August 10 to today. By January 2011 I bet that billions are in the float and the stock goes to .0001. The only way to stop this is to demand that the company disclose everything immediately. It is 100% clear to me that with the quarterly out the stock should have ( and not one company trading today would not do this) gone back on the otcbb. What happened? No MM would file documents? Why not? No CEO after all this BS would let their stock remain on the pinks. Unless they wanted to.
Whatever I bought at 7 and 8 I sold at .001. Whatever i just bought again at 3 I am holding for 6 or more. I am a trader not an investor and less than 1% of the hundreds of speculations I have made money in have ever proven themselves on a fundamental basis over time. Clearly this a company has one step in the right direction in that even though they may have diluted a lot of paper, they bought or joint ventured the assets and projects at very inexpensive costs to them.
There are several shills in here fronting for the company.
Why call David Price? He quit as Secretery of the company. That is why you got 2 revisions of the 10Q right after the Q came out.
On what basis do you state that there is a business in alluvial gold mines? We see that the company bought a dormant oil terminal and several people here state that they know of activity there but wont say what. I see that the company issued a 'call option' for one million dollars to the seller in one years time but the auditor wont accept this option as a liability nor a debt. He says the activity happened but wont put it on the balance sheet. I see that the news release states that the stamps are worth over 4 million bucks but I see only 25 thousand dollars was put on the balance sheet by the auditor. In the exhibits I see agreements but I dont see appraisals.
Finally, even though the gold deal happened after June 30th it is still very material disclosure and nothing has been said in the Q. The news releases dont state what the deal is for the company.
Here is where I have the biggest problem. At least we can hope that the joint venture partner will create revenues for the company as they still have 30% of the stamps.
At least we can hope that someone will lease the oil depot if the company keeps it in compliance.
But the gold deal is totally bogus. The company wont even state as it did with the other 2 deals that they either own any part of it or are at least a joint venture partner. The facts are becoming obvious. They own nothing but an agreement. These agreements are abundant in this pink sheet world and are the subject of numerous investigations.
Anyone can enter into agreements if they promise to fund soneone elses deal.
The cat is out of the bag. There are a few shills in this room that are fronting for the PR guy and the company.
I have done my trading and I can only tell you now that the following is going to happen:
1) The 10K will not come out and if it ever does will be well into January 2011.By that time the dump will be about 3 billion shares at an average of .0004 and 1.2 million cash will have taken care of everyone involved.
2) All this craziness for a incredibly by the wire last second 10Q, and still no market maker to file a 211 to get the company back on otcbb? They are on the pinks and they could easily get back on if 1 MM signs a simple 211 form.
Conclusion: It all boils down to what DD the MM and the auditor requires.What both have in common are skepticism. That is why the previous auditor quit. Now what are the common answers to this paragraphs questions? It simply is the whole business of convertible debt of 1.2 million dollars. Who gave what to whom and why and what for? I have seen no sign of debt from the previous owners nor has the auditor suggested that the sellers of the properties have debt due( except for the uncalled call option).
So, the auditor explains that there is a previous debt not reported on the balance sheet.
That is the only question to ask Hollister and Price. Maybe someone can go to Asia and track down Mr. Khoo and ask him.
What do you think you have?
1) oil spurting from derricks?
2)John F Kennedy dancing off a stamp?
3)Gold bars?
What you have.
1) dormant and closed and rusting
The only way to guarantee what will happen is to see what has happened. Go back and Google Gerrard Hollister and you will see that within the last years he was nowhere. Within the last few months he has become involved in 4 pink sheeters. You do the DD and find them out. Now look at the time he got involved. Right after a dramatic collapse. Then look at the several news releases. They all follow a similar pattern, They are all scams. He was hired as damage control.
he was hired to advise the company's to get their story into the garbage news letters. That started back on August 10, not September 10.
What do you know about the progress of the 3 ventures that you can tell us?
The company will sell whatever it feels it needs to have enough monies to acquire and expense the deals they are in and will be in. Issue is obvious. Even if there is 5 billion authorized and 2 billion given to CEO, there is still 2.9 billion available to dump into float. 800 million was admittedly dumped as of September 7.
So, the problem now is at what exercise price was the conversion donw at. We all know that the company sold all that 800 million at an average of between .0006 and .0008. This is a fact.
Yet, if so, then they netted about 560k and all their costs and expenses are covered. Yet, look at the quarterly report. They established that 200 million shares only converted 40 grand in debt.
They established 1 million shares for 200 dollars then. That is .0002 per share. So, there answer is that how do you know you could sell it? Yet they discounted their conversion at 2 for 7 on this basis and easily sold that amount quickly. The entire 800 million only converted 190K in debt and that means they can convert the other 1 million dollars into limitless( increase authorized again) shares.
T
Many things are happening with the 3 ventures.
3 to 10 is a triple unless you think it is trading at 5 and you cannot buy all you want at 4 or less
On what basis will this stock go from 3 or 4 bid to a triple in one day?
I see the price at .001 by year end with another 400 million shares in the float. That is 1.292 billion shares in the float.
I see the company selling those 400 million shares at .0003 average and overall sales of 1.2 billion shares at an average of .0006 for a 720 thousand dollar net. This would cover the shell and all expenses and put some cash away for near term operating costs.
This is reasonable and the float is acceptable.
That is the price goes up 300% from here. I have been buying a lot at .0003 over the past days. I will buy more at 2 and 1 if I can get it.
The amount of outstanding shares is 892 million besides the 2 billion restricted. The Q states clearly that there were 4 traunches with the last one being September 7. September 7 until this past friday is 13 trading days. there is no way that the insiders have not sold another 200 million. Clearly they are allowed to sell several billion shares into the float at any time to convert 1.2 million dollars. They sold 800 million for $190,000 dollars. Five times more at these prices is 4 billion shares. The current limit is 5 billion minus 2.892 billion or 2.108 billion unless they authorize more shares.
IMHO they will convert all their debt to the float over the next few months and at the 10K latest time( mid January 2011) they will have sold 3 billion shares at if we are lucky an average of .0005 per share.
What does the following mean?( from the last 10Q)
"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)."
It means that out of 5 billion authorized 2 billion went to Khoo on restricted basis. 892 million in float and $190,000. converted into 800 million shares free trading. That means that there still is $1,010,000. due for conversion. If they converted 190 grand into 800 million at an .0007 average price (approximate)then they have the ability to convert the remaining 1 million bucks into 5 billion shares at .0007 or 8 billion shares at .00035 or 2.5 billion shares at .0014 or 1.25 billion shares at .0028?
It does not matter. If the company succeeds on a fundamental basis than the float can sustain 2.5 billion shares at .002.
If no revenues come in over the next 12 months then even 892 million shares at .0004 is too expensive.
Demand that the website gets up and running and demand that Hollister start doing investor conferences and shows. We are going to go through this again on September 30 when the annual report will obviously not come out. That leaves maybe 2 weeks extension. That also means that this will be the 3rd time this stock was late this year. Read the otcbb regulations on this. With this exotic financing of debt conversion you need to stay on otcbb.
I see that 40 million shares in maybe 3 trades took the stock from 3 to 6.
I have to go for the weekend and I am glad to see that the board marks are shining. I had related some info to trre2 to share with you while I was gone. Anyway, the web site is vital and I am sure Hollister can at least give you some timely information on that. That is not inside information. He should actually be pushing the company to use some of his people to do the website. Hollister knows better than most how to make your site investor savvy.
Good morning trre2
Good morning to all!
Any PR guy can take this much awaited Q and turn it into at least $100,000. worth of new buying. That would take it to .002.
Start emailing Hollister. Where is the website?
What is he doing about promoting this now?
What sites on the internet are we on?
Good Morning.
Modesty suggests that I forgive the 'bet' and not collect on them.
I don't want anyone asking how I knew anything as I am not an insider nor do I have access to them. Read my previous posts as is.
As the Q( amended this morning as well) is out we concentrate on the web site and annual report due no later than November 15 with all extensions. They cannot be late a third time( 2nd if considered a shell-they are not now).
It is time now to email Hollister and demand that a web site is out. This is simple, requires no lawyer or auditor nor even Hollister.
If they cannot find a website designer then offer your services directly( for a fee of course) to Hollister. Tell Hollister to use one of his clients website designers for EMLL.
The Q reads very simple and shows 892 as the float. Not bad.
The stamps and the oil terminal are not showing any value in the balance sheet but show much value in the 'Notes'. The 1 million dollar 'buyback' is not considered a long term liability and therefor not an asset as well. Why? because the seller of the terminal has not exercised that option yet.
Very clever!
It gives the 1 million dollar value to the company, the 1 million dollar demand to the seller and no liability to the auditor( even if this was an audited annual report). That is why until the exercise there is no long term liability. The second the exercise option is asked for the balance sheet shows it as a liability and an asset.
As for the stamps, they show it as literally no value( $25,000 for 100% of the collection). This is based on $15,000 for 70% of it. Yet the company has stated that the value is 4 million or so. How is this so? How is the news release that they will or are attempting to monetize this going to work then? Basically, they showed an exhibit with a hard to read list of stamps and I see a further part of the exhibit saying 'appraisal report' yet no appraisal attached. That report will of course show up in the annual report. That was intentional on the Company's part. They do not want nor need to state any balance sheet value except for the discussion that they 'valued' the stamp collection ONLY on the basis of how many shares they paid and how much cash they paid for the 70% joint venture opportunity.
This means that since they only gave 1 million shares, even when they gave it the stock was .25 ( 1/4 million dollar value) they only based it on an insider .005 value which is 5 grand!
If they were scam artists they would have done the exact opposite! These guys are totally the opposite of what we have seen. They take value and substantially reduce it for compliance purposes and because they don't need that number yet. Think about this last point very carefully.
They have the ability with an appraisal to put 4 million on the books and wont even use the 1/4 million allowable. Just a mere few thousand dollars. I also saw the words 'pari passu' attached to the 1 million shares given, That term refers to a non dilution stock. So the 30% owner can ask for about 1% restricted stock of the OS at any time( that is 28 million shares as of today).
I also see the word 'dormant' attached to the oil terminal. This answers why the seller only took 50 grand in cash and the rest in a demand note payable only in one year. I have to assume that in one year EMLL will make an offer for paper versus 1 million dollars. That is standard procedure.
The company now has to find monies to go from dormant to active at this site.
Hopefully I have updated your DD for today,