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Agree with you there, and IMO we will see the MOMO return once the retrace and consolidation have taken place.
SIRI likes to bounce off weekly 20ma as well, conveniently at $1.91 (a tad lower than my 68.1% fibo)
I am looking to take a sizeable (relatively for my portfolio) long position in SIRI before the end of the month.
Thx, been looking for a exit to cut my losses for awhile now.. might have to be today for about 50%...
FBCD I'm deep red so not much point in selling..
Have you cut out of FBCD or are you still holding there?
It is what it is.. was hoping they would want to let it run a couple days to convert at a higher PPS.. oh well..
looks like i can either sell for very minimal gains or take the risk and hold through decision...
Yeah whats the deal with FCSC today.. nearing my entry at 1.12, might have to grab a few more shares if it dips below..
Possible but highly unlikely.. You could've gotten your 1m shares last week at .024 if you weren't so stubborn.. now you may get a small partial fill at that level but definitely not anywhere near 1m shares..
I don't care if you buy on the bid, on the ask, or not at all. GLTY
Morning vault! Love the list today
How's your bidsitting at .0231 workin out for you stamp?
I am only trying to help. You asked for proof of his allegation that DGRI is selling unregistered securities. You phrased your questions in a manner to suggest that such proof is impossible to find. I am only supplying what you requested, so you may now continue your discussion on why DGRI is selling unregistered securities, as it is a valid concern.
Since there is no 10-K from 2010 filed, one cannot tell if the sales of unregistered securities has continued past 2009. However, with the extremely large amount of dilution occurring since then, one should assume that it has.
Filing Checklist:
10-K for 2008
10-Q for 2009 Q1
10-Q for 2009 Q2
10-Q for 2009 Q3
10-K for 2009
10-Q for 2010 Q1
10-Q for 2010 Q2
10-Q for 2010 Q3
10-K for 2010
10-Q for 2011 Q1
Filings in italics are submitted.
Filings in bold have yet to be submitted.
4/10 submitted so far, once all are submitted we can apply to uplist to OTCQB.
It is my opinion that the 2010 filings are all completed and on standby. This is because 2010 was, for the most part, a dormant year business-wise for PCFG. If this is the case, the 2010 filings should come immediately after the 10-K for 2009 has been filed.
I'd say its a reasonably safe bet to say that the 10-K will be out before the week is over.. almost certain that it wille be filed by this time next week.
No bid/ask on grey market stocks.
Recent Sales of Unregistered Securities
(From 2009 10-K/A, filed 5/24/11; http://www.sec.gov/Archives/edgar/data/928375/000114036111029596/form10ka.htm)
During the last three fiscal years ended December 31, 2009, the Company issued the following securities exempt from the registration requirements of the Securities Act pursuant to Section 4(2) of the Securities Act. No underwriting or other compensation was paid in connection with these transactions.
On December 31, 2009, the Company issued 1,000,000 shares of common stock to acquire a controlling interest in Aultra Gold, Inc.
During the twelve months ending December 31, 2009, the Company issued 5,030,000 shares of its Common Stock for subscription proceeds in the aggregate amount of $528,000.
During the twelve months ending December 31, 2008, the Company issued 1,287,333 shares of its Common Stock for the conversion of debt in the amount of $250,000.
During the twelve months ending December 31, 2008, the Company issued 1,823,336 shares of its Common Stock for subscription proceeds in the aggregate amount of $1.022 million.
On January 16, 2007, the Registrant consummated the terms of its Share Exchange Agreement (the “Agreement”) with Dutch Mining, LLC (“Dutch Mining”) whereby the Registrant issued 24,000,000 shares of its common stock, par value $.001 per share (the “Common Stock”) to the Dutch Mining equity holders and their designees in exchange for all of the issued and outstanding equity interests of Dutch Mining (the “Exchange”). Following the Exchange, Dutch Mining became a wholly-owned subsidiary of the Registrant and the Registrant had a total of 30,256,144 shares of Common Stock issued and outstanding.
On January 16, 2007, the Company entered into a private placement offering and issued debentures in the amount of $2,295,000, which were subsequently converted to equity with an issuance of 4,590,000 shares. In addition, the Company sold restricted Common Stock totaling 2,172,500 shares resulting in proceeds of $1,751,000.
On January 16, 2007, the Company entered into a private placement offering and issued debentures in the amount of $693,385. In addition, the Company sold restricted common stock totaling 4,413,859 shares resulting in net proceeds of $1,016,414.
The sales of the securities identified above were made pursuant to privately negotiated transactions that did not involve a public offering of securities and, accordingly, we believe that these transactions were exempt from the registration requirements of the Securities Act pursuant to Section 4(2) of the Securities Act and Rule 506 of Regulation D and Regulation S promulgated thereunder. The agreements executed in connection with this sale contain representations to support the Registrant’s reasonable belief that the investor had access to information concerning the Registrant’s operations and financial condition, the investor acquired the securities for their own account and not with a view to the distribution thereof in the absence of an effective registration statement or an applicable exemption from registration, and that the investors are sophisticated within the meaning of Section 4(2) of the Securities Act and are “accredited investors” (as defined by Rule 501 under the Securities Act). In addition, the issuances did not involve any public offering; the Registrant made no solicitation in connection with the sale other than communications with the investor; the Registrant obtained representations from the investor regarding their investment intent, experience and sophistication; and the investor either received or had access to adequate information about the Registrant in order to make an informed investment decision. All of the foregoing securities are deemed restricted securities for purposes of the Securities Act.
PCFG filed 10Q for 2009 Q3
http://www.sec.gov/Archives/edgar/data/1137855/000115895711000174/f10q093009.htm
Nice work! Good luck! FBCD printing .02's this morning
Anyone buying this dip - LEHMQ?
Morning vault! PCFG and FCSC are going to have some big days in very near future
IMO because they are not current with financials. Plenty of people will not even look at companies that are not current, regardless what the rest of the fundamentals say. Hence, PCFG is somewhat under the radar.
Ouch.. what happened here today?
Here is an amazing article outlining potential hyperinflation in the US, and it's implications. Remember, that this will be significantly more destructive than every other documented case of hyperinflation because the USD is the global reserve currency, so the result will be international, not domestic.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63913753
Hyperinflation Warning for U.S.
Written by Jeff Nielson Monday, 30 May 2011 14:28
http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=19325:hyperinflation-warning-for-us&catid=47:us-commentary&Itemid=132
By now, most informed readers have at least a general understanding of the concept of “hyperinflation”. It is the exponential increase in the prices of goods, directly caused by the collapse of the currency in which those prices are denominated. Thus, when the United Nations issued a warning last week of a possible “crisis of confidence” and/or “collapse” of the U.S. dollar, this was also a direct warning of the imminent risk of hyperinflation in the U.S. economy.
There is nothing surprising here. Many prominent voices have been warning of the increasing inevitability of U.S. hyperinflation, beginning with Shadowstats economist John Williams, nearly a decade ago. However, when a myopic institution like the UN is now openly warning of the “looming risk” of the collapse of the U.S. dollar, then clearly the parameters have become desperate, indeed.
While many have some general familiarity with the concept of hyperinflation, few yet comprehend that the unique characteristics of the U.S. economy first make it more vulnerable to hyperinflation than any other developed economy; and second, would make any episode of hyperinflation inside the U.S. far more devastating than should the same fate befall any other developed economy.
This “uniqueness” centers on the fact that (for the moment) the U.S. dollar is still the “reserve currency” of the global economy: the money used for most international transactions. This status has been a tremendous [boom] to the U.S. economy for many decades. The artificial demand created for U.S. dollars because of its extensive use in global commerce pushed-up the value of the dollar beyond its actual worth.
This, in turn, produced two huge benefits for the U.S. economy. It produced an artificially high standard of living for U.S. citizens, and provided U.S. corporations with the added purchasing power for their capital which allowed these corporations to scoop-up foreign corporations at what amounted to discount prices.
Obviously the U.S. government has totally abused the privilege (and responsibility) of managing the world’s reserve currency. Decades of grossly excessive money-printing (especially since 2008) have caused an enormous glut of dollars in the world. It is this reckless behavior which is responsible for the global movement (now well underway) to phase-out the dollar as “reserve currency”. Indeed, various bilateral trade agreements and “currency swaps” have already reduced global demand for dollars by an amount in excess of $1 trillion per year.
The combination of grossly excessive supply and rapidly falling demand is enough by itself to put the U.S. dollar (and U.S. economy) on a “collision course” with hyperinflation. However, this is literally only half the story when we view the pending collapse of the dollar. The key dynamic here is the inherent worthlessness (today) of this debauched banker-paper.
Prior to 1971, when the world still retained a quasi-gold standard, there was at least some connection or “anchor” for the value of the dollar to a hard asset: gold. As a mechanism for “price stability”, it is literally impossible for hyperinflation to ever occur in an economy with a gold-backed currency.
To understand this principle, it is first necessary to appreciate that hyperinflation is a “crisis of confidence” even more than a reaction to economic fundamentals. What turns “high inflation” (even crippling inflation) into genuine “hyperinflation” is the ensuing panic of the domestic population to rid themselves of this banker-paper as quickly as possible. It is this stampede to rid themselves of their currency (by buying-up goods) which simultaneously causes the value of the currency to plummet (from lack of demand) while prices for goods skyrocket due to over-consumption.
This brings us to one of the elementary truths of all “fiat currencies” (i.e. “money” backed by nothing). Their “value” (indeed their survival) is wholly dependent on the continued confidence of the ‘sheep’ using this currency in their commerce. An un-backed paper currency is nothing but an (unsecured) “IOU” of the government issuing the currency. Indeed, all of our banker-paper is now created via debt.
Because there is no intrinsic value in our paper currencies (now that the gold standard is gone), bankers have tried to fake “value” in these currencies, by attaching debt to the creation of each and every new dollar. In other words, the U.S. dollar went from being a unit of currency which carried “value” to one which carried “obligation”.
The difference between a currency which has value versus one which only implies obligation is literally identical to the difference between a 1-oz gold coin, and an IOU to deliver 1 ounce of gold. The former has intrinsic value, while the value of the latter is only as good as its promise to deliver.
We can now see clearly the enormous difference between real (gold-backed) “money” and the bankers’ fiat paper. The value of the former is not dependent in any way on the “confidence” of the holder, while the value of the latter is totally dependent upon the confidence of the holder – and his/her trust in “the promise to pay”.
This obvious fact alone should have been enough to make all of our governments shun the bankers’ fiat-paper, since it is common knowledge that the success of any/all scams is also dependent on maintaining the confidence of the chumps being scammed. Indeed, the colloquialism “con man” is simply shortened from “confidence man”, since well over a century ago, our society was well aware that the primary tool of all scammers is the creation of the illusion of confidence in whatever scheme/scam they are hatching.
Thus it is with all fiat currencies: they are nothing but the “confidence scams” of bankers. These scraps of (worthless) paper are “money” backed by nothing. And more than a thousand years of “history” with such paper has taught us another lesson as well: all such fiat currencies must return to their actual value – zero.
From the moment that the bankers seduced our governments into severing the final link with the gold standard, it was always inevitable that these fiat currencies would plunge to zero. The only “variable” was the amount of time it would take for the chumps to lose confidence in this banker-scam. In that respect, the bankers are their own worst enemies.
As I alluded to previously, the bankers are responsible for the grossly excessive printing of these paper currencies – driving them toward zero on the basis of “dilution” alone. However, even more rapidly, they have been driving our currencies toward zero with the insane explosion in sovereign debt – especially in the U.S.
Professor Lawrence Kotlikoff has calculated the combined debts and obligations of the U.S. government at over $200 trillion. With the “unfunded liabilities” of Social Security and Medicare amounting to roughly $100 trillion alone (before we begin looking at all the other debts/liabilities), obviously this is at least a reasonable “ballpark figure”. Equally obvious: it is utterly impossible for the U.S.’s puny $14 trillion economy to even service these debts for much longer.
As I have written frequently, U.S. interest rates are permanently frozen at 0%, because this deadbeat economy is so totally insolvent that even a 1% increase in interest rates would instantly send the U.S. economy into a deflationary death-spiral. With $60 trillion in current public and private debt, a 1% increase in U.S. interest rates would drain an extra $600 billion in interest payments out of the U.S. economy – every year.
This means subtracting an amount of capital equal to nearly the entire Obama “stimulus package” – every year. It would result in an immediate plunge in U.S. GDP of roughly 5%, even before all the “multipliers” went to work as that capital was subtracted. Indeed, I wrote a previous commentary demonstrating how a 0% interest rate proves that the U.S. dollar is already worthless today.
We arrive at the following parameters:
1) The supply of dollars has been ramped-up to all-time highs at the same time that demand for dollars has totally collapsed.
2) The combination of a totally unmanageable mountain of debt and interest rates which are permanently frozen at 0% mean that the “fundamental” value of the U.S. dollar has already sunk to zero.
3) U.S. hyperinflation will begin as soon as “the sheep” lose confidence in the value of the (worthless) dollar.
It is at this point that we can now analyze why the U.S. is more vulnerable to hyperinflation (and will be harmed much worse by it) than any other Western economy. While the U.S. has previously only experienced the benefits of having the world’s reserve currency, it has now brought itself to the point where it will experience the drawbacks of that role.
Being still the primary vehicle for international commerce, as well as the currency in which the world’s largest debts are denominated, there is somewhere in excess of $6 trillion in U.S. dollar holdings in the hands of foreign entities – either in the form of U.S. Treasuries, or dollars themselves. This means that while most episodes of hyperinflation throughout history have been driven by a domestic collapse in confidence, because of the vast numbers of U.S. dollar instruments held outside the country, the U.S. could suffer a currency-collapse (and the resultant hyperinflation) from either a loss in domestic confidence in the dollar or a loss of foreign confidence.
Because the bankers have already driven the value of the dollar to zero based on two separate fundamentals (complete insolvency and excessive currency-dilution), the “crisis of confidence” which leads to U.S. hyperinflation can also be due to either fears of insolvency or merely the consequence of excessive dilution (i.e. too much money-printing). Thus there are already four possible “triggers” for the collapse of confidence which leads to U.S. hyperinflation.
This is only half the “horror story” regarding the implications of hyperinflation for the U.S. economy, however. In the world’s most recent experience with hyperinflation: the collapse of Zimbabwe’s currency, obviously the domestic population of that nation has suffered greatly. What has substantially mitigated the suffering was the availability of a substitute currency to use in the “blackmarket” economy which inevitably arises when a nation experiences hyperinflation. Ironically, the substitute currency which has lessened the devastation of hyperinflation in Zimbabwe is the U.S. dollar – the reserve currency.
The obvious question then becomes: what will Americans do for a substitute currency once the U.S. dollar has “greater value” as toilet paper than as money? The answer is “no one knows”. Certainly the (relatively) small amounts of gold and silver currently being held and accumulated by Americans is a partial answer – but only a partial one.
There is far too little bullion available for circulation in the U.S. economy to allow it to function in any remotely normal manner. Much like the Japanese economy became totally disrupted when the earthquake/tsunami destroyed vital infrastructure (and supply chains), the collapse of the U.S. dollar would have a similar (but much worse) impact in disrupting U.S. commerce.
Once the suppliers of raw materials and other goods to the U.S. economy stopped accepting U.S. dollars as payment, U.S. businesses would have no way to keep that flow of goods coming. Industry would shut-down. Retailers would close due to a lack of goods on their shelves, so even if Americans wanted to “barter” for the necessities of life, they would quickly find retailers closed – and those few who retained any stock would a) charge exorbitant prices; and b) would likely only accept gold or silver as payment.
The problem for the U.S. economy in this scenario is that its own collapse would certainly threaten the solvency of the Euro zone, and the “Euro” is the only other currency with both the status(?) and a large enough supply to be usable as a valid substitute in the U.S. The question is whether those businesses inside the U.S. who had stopped using dollars would be any more receptive toward another form of un-backed banker-paper (of highly questionable worth)?
The Canadian dollar would also offer a partial solution to the U.S. However, while the CAD may be viewed as less risky than either the USD or the Euro, once again the problem of insufficient supply arises. With the U.S. economy being (at the moment) ten times as large as Canada’s economy, there simply isn’t a large enough quantity of such currency to function as a surrogate for the U.S. economy.
The U.S. economy is careening toward hyperinflation. The U.S. government is either oblivious as to what is happening, powerless to do anything about it, or both. The only way for ordinary Americans to cushion the shock of what lies ahead (in addition to stocking-up on “necessities”) is to accumulate as much “physical” gold and silver as possible.
At that point Americans will only be able to hope that the U.S. government doesn’t repeat what it did during the Great Depression – and once again confiscate the gold and silver of Americans…
OT: I discovered "Richest Man in Babylon" about 4 months ago, and wish I read it 4 years ago! It is an excellent book and I suggest it to everybody I know.
Could have bought shares for .0225 last week (maybe not a mil, but some at least).. I don't think you are going to get anything below .024 now..
HAHA! I'm really hoping for a just a little MOMO so I can cut my losses a bit.. been expecting to sell for a loss for awhile now.. but last time i was in this position (RAMO) i sold a week too early and took a 50% loss instead of 80% gains after it got pumped up...
Well keep your hands off then.. I'm down nearly 50%.. need a 100% gain from here to get out even..
Volume so far is nothing out of the ordinary..
It's not going up? lol
Many people on the DGRI board accuse me of posting negative things to drive the PPS down and grab "cheapies."
I told the board I will no longer be posting there to show that my posts have zero effect on the PPS, and that with the constant dilution, the PPS will only continue to drop.
So what happens, their fearless leader replies to my post with at least 3 different questions. I guess he missed the point where I said I would no longer be posting there..
That stock makes me sick to my stomach..
Doesn't seem like wrongturn frontloaded this one.. $heff alerted ihub to this stock in early March.. it seems unlikely that wrongturn had loaded up before then..
Thanks for the heads up, wrongturn is certainly a malicious individual.. Seems he is only jumping on the bandwagon here though, as the wheels have been turning for FCSC for months now..
Morning Trapper.. Saw the pictures of your boat you posted the other day.. Just wanted to take a moment and thank you for all the work you did serving this Country!
Morning! I'm in for FCSC and PCFG
Excellent work, as always nodummy! I'm looking forward to reading more about this..
Here is some more great info on Fibonacci Retracements (from the "Chart School" link on stockcharts.com, which is an amazing resource IMO):
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
I agree with your sentiment, but do not believe it is a "waste of time" to try.
If nobody ever tried to bring true information or ask questions then the P&D's would be left to their own devices. Even if only one person "sees the light" due to some hard work by (usually) an active member of this board, it is enough to keep up the efforts.
To keep this information to ourselves would be doing an injustice. Regardless of the name calling received from the hard work connecting the dots and sharing the information, it will always help someone who is not as close minded as majority of the "sheep."
I guess my point is that by grouping the true-believes into superlative categories is inaccurate. The cognitive dissonance you speak of is very real, but not all-encompassing.
Sah-weeeet! I gotta go downtown and pick up my girlfriend and her sister.. they have been touring Boston on foot all day and ended up someplace far from public transit access..
lot of hoopla around here about financing. I don't know and you don't know if DGRI has applied for, contemplated or approached lenders for any type of financing.
What is the point to do so when you have a group of shareholders who admit they do not care the company is diluting?
I'm going to see the US Men's Soccer team get whooped on by Spain this afternoon..
It's a discussion.
Since when does it require that you own a stock to discuss it? I discuss plenty of stocks I do not own. In fact, I recommend others to discuss and research stocks before owning them.
Perhaps one day I will buy DGRI, it is on my watch list and if they ever were to get any kind of operation up and running I certainly will chase it.
I really don't see what is "unbelievable" about posting on a stock specific board for a stock you don't own. And I don't spend "hours on [this] board each day." I've maybe put an hour into reading and writing posts on DGRI over the last 2 days, and haven't posted here in weeks, maybe months.
Anyways, continue to find more things to hate about me if you must, it's really getting tiresome though.