Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I would never advise someone to buy or sell a stock since I am not a license investment advisor. Like all professional traders - I don't dwell on the stocks that go down I simply move on to the next stock and look at entry points I feel comfortable with and expected exit points. I don't make up facts to support someone else's agenda.
I do get annoyed though by people who write things when they don't even own a share of the company.
To answer your question why the price drop - well it is simple. Asher converted their notes and they sell by hitting the bid which allowed the shorts to come in and continue to knock the price of the stock down which in turn results in shareholders getting nervous and filling the short positions when the out up huge bids. Which allows the shorts to do again while waiting for Asher to convert again.
I never have said you should buy the stock or sell it - I simply asked you and others to support your claims which you have not been able to.
Thank you for your well thought out and researched opinion.
Think you meant Asher. Just a guess but it appears like that from the wording in the 14C.
"The Company’s Board is currently contemplating ways in which the Company may attract new capital partners to support the Company’s growth plan over the next 3-5 years. The Amendment will provide the Company the flexibility to consider and respond to future business opportunities and needs as they arise."
Oh but we don't know what the actual share count will be for the other half
Its funny how asking you to support your claims with facts is considered pumping - guess when you have no facts just easier to make them up then
where are you getting 11M from?
2,789,837 still remaining for the Asher shares
There is the Asher true up for 5,104,900 shares
Well it might mean that a reverse is not going to happen. If I had to guess I would say management probably had to raise the authorized based on funding projections and figured if they were going to do it might as well raise it a lot since the amount of hate emails would not be any different if it was 1 billion or 5 billion.
think you meant ask not bid
looks like the shorts have begun so maybe there was a conversion today
Still not making sense - it does not matter they are not in the office or not they still have to file the 8-K within the required time frame. If you look at the previous 8-K's it took about a week to convert.
Not sure where you are getting the information that the conversion is over since no 8-K has been filed that there has even been one conversion.
That does not matter. They only have four business days to file the 8-K if there is a conversion from Asher.
It is a 10 day look back from the date of the conversion.
It is the bid price at the close of the market not the lowest price for the day.
And it moved from $.0044 to $.0047 - the shorts must be getting a little nervous
that is all going to depend on Asher
Just curious if I was missing something - that he saw - it has been claimed for months that it would happen
can you provide support for that position?
An LOI sets the board terms of the agreement so the details can be worked out in the final documents. sadly, many pinks use the term incorrectly in order to create a PR but the company wired cash to begin the deal. I read the PR and 8-K as they have begun the process of buying the rest of the equipment - notice the company never used the word escrow. I think they did this so they can get started ASAP and not wait for the final documents to be drafted and signed. they stated that the payment "will allow the joint venture to begin acquiring the remaining equipment necessary to begin production." Never known a pink to actually send money as part of agreement that was not real
what else would you like the management to do
It is not Common Stock they are issuing - it is a new Preferred class of stock with 25,000,000 going to the officers and 25,000,000 going to the people who own the claim in Suriname
Really - again I'll ask tell me specifically where these shares are coming from - because I don't see it and must be missing it somewhere
just curious what is that you would do differently? Could you have completed what the management has in 18 months - i doubt anyone on this board could?
Weekly - please provide proof of that claim so I can verify that statement
I have been here since the beginning. I'm not mad - I'm frustrated with the short selling. I agree with what you are referring to. But I honestly don't believe it is the company dumping shares. What it is is a short seller who can bash the stock and know they will get filled by Asher in 2-3 weeks or so. You keep mentioning dilution but the o/s have not gone up in the past month. short the stock, hire posters to bash it, cover through Asher and then repeat. This is the one of few penny stocks out there where imo management is doing all the right things - they may not be warm and fuzzy in some of their postings on facebook but I can only imagine the volume of crap they receive - so I'm sure I would be pissed off every now and then as well.
So, honestly what else do you want them to do. They had no mining properties 18 months ago and are now in production in Peru. Looks like they will be in production in Suriname in a few months. I cannot name another company on the OTC that has accomplished so much is such a short time. So why can't you look outside the box of a normal penny stock and look at the facts and ask is there something else going on? Is there a concerted effort to short the stock? I say there is.
show me where the o/s has gone up in the past month. the company has stated:
8-K on 12-17 they issued restricted shares that cannot be sold until 2015 - so those are not part of the dilution you allege that happen today or all week
8-K on 11-27 company issued 10,000,000 shares for warrants in exchange for $60,000 cash. so that is not the dilution you allege today or this week either.
Before that was Asher which everyone knows have already been sold plus that was over a month ago.
So I'll ask again where did the shares come from that are part of this alleged dilution.
I would like to know what I am missing since you and Dr. P seem so certain and repeat it all the time.
Seriously??? the chart does not show an increase in o/s - what does are the company's filings which show the only increase recently as been the shares issued to management that are restricted until 2015. But don't let the facts get in your way
imo you have not been right yet. Where are the shares coming from? because the o/s has not gone up so I would like to know where they are coming? especially since there are (my guess) 100-120 million in the public float? everyone knows the holders of those shares would never sell
been on point - i love how people claim things that cannot be proven and say look I'm right - well i'm right this time but ignore the other 99 times. i keep asking this question and never get answer - were are the shares coming from for this alleged dilution since i guess according to you no one else would sell or have the right to sell besides the company i guess
please provide your expert analysis to us with details to back up your statement
what do you mean is hard rock gold public? It is a mining term referred to the hard rock project in suriname.
you called that correctly
You just make tired
I agree but the story has not changed in 4 years and I remember reading about the mexico things back then as well.
Have you posted positive about any stock?
Very long. Just not sure if it is viable after all this time
Just watch the shorter at ETRF and you can guess when him and others will come back with the slop
Welcome back, Mr. Parker. It is always nice to see your helpful posts