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Why didn't the deal go through.
Great find ultra. Looks like their software for this business is top notch. Maybe Gunter should put in an offer for the company.
Your not going to get any purer then iceberg water,lol.
Its nice to know what others are thinking hence this board is great as a communication tool. Whether we can make a difference to the PPS of a stock,i have been disabused of that notion long ago. Unfortunantly its MMs who control the destiny of price. Once in a while they throw us a bone,lol.
The US markets have become another casino where the management always wins but now again the suckers get a break.
Thats understandable when we are waiting for concrete news regarding GSI deals.
doubleeagle,why the negativity recently. Have you gone off this investment. Why would insiders sell at these levels anyway?
Your right alot of similarities...
1) Aurus buyer go between is a company called Kartix while D'Mec is an entity called Lesko.
2) I think both companies are incorporated in Delaware.
3) They both have Canadian connections.
4) Investors are worried about the truth of the buyout for both.
5) Both companies are having shareholders meetings in December,AURC on the 9th and D'Mec on the 14th.
6) Both companies are on the Pinks.
7) Both companies report they are have exceeding revenues per quarter.
They are both either scams or a chance to make big money. You decide!
Problem is you won't see the shark attack comin... sorry i meant heart attack,lol.
Anybody who holds the shares at the completion of the deal,probably near the end of January. Of course you won't be able to buy the shares at 10 cents as we near the completion date. Many will sell before the completion date,happy with their profits others will want full value. Its a market of supply and demand,you buy and takes your chance.
I agree. One or two deals and the floodgates will open.
Ground,if they put out a deal that is completed and it's a sizable one,the buyers will come. Once people understand the revenue model,watch it fly.
Zoom,it really depends on what the news is. I can live without the news regarding deals in progress. I want to hear about the deals that have been completed.
Just one large hospital deal and we are off to the races. How soon that will happen is anybodies guess. Will it take weeks,months or years?
silver,i think it will require a phone call. Emails sometimes don't get read.
I think they have to give shareholders the name of the purchasing company because without it shareholders would not be getting the full facts to make a decision.
One thing about Delaware is that they allow internet voting on proxies.
Could someone who has good contact relations with the company find out if the proxy will have the name of the purchasing party.
This reason for the delay is below. However i would be a little peeved if they didn't name the company purchasing the company in the proxy vote. I would think this would be an entitlement for shareholders to make a decision whether to sell.
"The Company is subject to the Delaware General Corporation Law, which requires that notice of a special shareholder meeting “shall be given not less than 10 nor more than 60 days before the date of the meeting to each stockholder entitled to vote at such meeting. If mailed, notice is given when deposited in the United States mail, postage prepaid, directed to the stockholder at such stockholder's address as it appears on the records of the corporation.”
This is very good news. The date of the proxy shareholder deadline is set and the 30 days requirement before the actual official vote has been set.
I think this is ready to fly any day now. If a Proxy comes out then i think the stock will rise fast. This one looks like a no brainer to me. However this is a pink and anything can happen.
This ones for you Zoom.
You've got to accentuate the positive,
Eliminate the negative,
And latch on to the affirmative,
Don't mess with Mister In-Between.
You've got to spread joy up to the maximum
Bring gloom down to the minimum
Have faith or pandemonium's
Li'ble to walk upon the scene.
(Bridge)
To illustrate my last remark
Jonah in the whale, Noah in the ark.
What did they do just when ev'rything looked so dark?
Man, they said "We'd better accentuate the positive
"Eliminate the negative
"And latch on to the affirmative -
Don't mess with Mister In-Between, no, no,
Don't mess with Mister In-Between."
Is it a Gilberto song? The site i got it from said it was by Tony Hatch,lol.
http://www.jumbojimbo.com/lyrics.php?songid=2299
MMs sense an opportunity to pick up some cheap sells it seems. Can't be much of the float left. The news didn't light anyone's imagination. They need to show a closed deal not ongoing ones.
The question is why is it taking so long to close a deal?
The $5 million first order was nice to see but i don't really understand the significance of it. How big is the No Fault specialty insurance market?
One significant deal and the stock is on its way. The timeframe for this to occur is whats playing on my mind.
The alibaba play should have been GSOL not yahoo.
Great call Big Daddy,i'am giving you a member mark for this post. Well done,that just about clears everything up. Now one either believes or not,it up to the individual.
eik.i agree with you regarding the musical chairs of licenses however is Krong a mining licensing entity. They probably needed an enviromental processing type of license from the government but the assets are in tailings form and are owned wholly by AURC.
This is probably the only asset AURC really does own. Its the only project making them money. Its the only site with the neccesary equipment in place to process the tailings. The site has $2 billion worth of gold,why not take it private again since being listed brings them no added benifits.
Also does an enviromental processing license have to renewed after being granted unlike mining licenses.
Actually i would have preferred going the initial route outlined.
Gunter chose the pinky way to save money,i can live with that.
However i did not buy this stock for it to list on the OTCBB,i bought it for its business and share price appreciation. As yet we have seen a general picture of what is being done but as yet no specifics. I want to hear the cash tills are ringing and by how much. Specifics PLEASE Gunter!!!
dave,the Russians have finally figured out they don't need to be in the corrupt US markets to make money on their properties. Initially they thought by listing in the US they would have access to huge amounts of money to win all the auctions that were then taking place and then have the means to exploit those wins.
However the Canadians came in and saw easy money and they flowed with the path of least resistance. Unfortunatly i don't think the Russians saw to much of that windfall.
Somehow it did enable them to pull of the Krong purchase,which probably did not take to much money to get restarted.
Slowly over the months they have managed to increase production.I think the buyout idea came after they realised they had been screwed by Parkin and his crowd and they found out they didn't need them. The buyout has never gone away because i think they are the buyers.
I have come to the conclusion the buyout will happen even though the Aurus management may give the US listing one more try because they are now probably being told that if they hang on a bit longer another entity will purchase them at a higher price.
This shareholder meeting when it takes place will remove all the uncertianties and AURC could turn out to be a really good investment.
I am more optimistic then i have been in recent months.i'am a buyer real soon.
DOS that sounds like alot of nonsense. The canadians are not the ones mining the gold. Aurus delivers the gold to a Russian bank who sells it for them and then the money is credited to Aurus. How could it be any other way.
If it was the way you suggest why has it taken Dogvan 9 months to rectify things.
They say they have revenues of around 60 million in the last 9 months,and they have known about the buyout for a number of months and they just now realised they don't have all the info needed for a Proxy.
Nobody is that stupid.
My theory is that the current management are buying back the company thru another Russian shell. Its taken this long for them to get the collateral and paperwork together to complete the buyout.
I think this buyout will happen but it may take another 2 or 3 months.
If this company was a scam,then they have the most incompetent people on earth running it.
Those who are patient will probably win big time.
I will be buying back when PPS drops because of the extended delay for the Proxy and shareholder meeting.
wolfgangrene,now that was funny. That picture of George will always stay on my mind. I loved that show.
I don't understand these MMs,if they don't want to let it go up why don't they run it down more. I was hoping to buy more under 10 cents.
ibreken,these are basic questions any good investor dept would be able to answer within a day or two. A pinkie has shareholders and the shareholders have a right to have these questions answered. I hope for all that the buyout is for real,this company should go private,it has no business being a public one.
The problem is that these guys win if there is no buyout. The best solution for AURC and its shareholders is a buyout even if its from the Management.
There are alot of unknowns here:-
1) What was the cost of production.
2) What is the current status of shares currently outstanding.
3) If they have something like $40 million in the bank, prove it.
4) What gold sites do the company currently own.
5) What happened to all there previous financing deals.
6) What equipment are they using to process the ore.
They never seem to answer the most basic questions.
Personally i don't think AURC will be bought out. As for NWOL who knows. AURC is probably the better of the two. If they can prove there production figures and other things at there shareholders meeting then its worth a punt. Its hard to get verification of news when it comes to Russian companies.
So far it sounds pretty Kosha to me and i'am hard to please. I think this deal is going to go thru. Why its selling at 11 cents who knows,its the MMs who control the stock maybe they need to cover some short positions. Looks like a done deal within 4 weeks. The Proxy sometime next week will be a telling factor.
I have a feeling the 8 is going to go real soon!!!
Cotts investment is interesting. They probably invested thinking they would eventually have access to a cheap bottling plant which there own brands could use. I doubt very much they are helping the indians that much to succeed.
Good post uptick. It looks like Aquagold is just a label for the water. They don't actually own anything except to sell the bottled water,i would presume. Its probably a way for iroquois water to develop their own brand.
They are up against a lot of competition with other companies. If they are successful then yes it would be a company to invest in. As yet they have nearly gone broke trying. I bet coastal holdings management thought they could to a better job and pitched for the chance.
Do these guys have the huge amounts of money to even start a marketing campaign?
Yes i could go to China and offer a water product cheaper then others and they might accept. At least they have a product,now if they could a get large chinese beverage company to go into a partnership deal,they just might succeed.
I think coastal had the same idea but iroquois didn't like the deal and felt they could do better on their own.
Zoom this has run from under 4 cents to near double that its entitled to a little sell off before the launch above 8 cents. I know where my ONMC profits are going.
Not all of us are playing for momentum,we are looking for future big winners.
How long before the merger agreement becomes a merger. With WRII Rodriguez announced a merger. Not really familar with these merger agreements,can somebody clarify the process. Why did the previous aquagold merger fall thru?
Thanks rainmaker.
How would COHG be able to steal the contract when they didn't have the means to carry out the order. This definantly does need to be cleared up.