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".....Then the best thing to do is "HOLD" and wait. I tried a test sell yesterday, but I bought them all back today....."
It is not the best thing to do, it is the only thing one can do. I have no choice. They are not buying.
Why on earth would you buy back at the same you sold within oe day. These shares are going no place. If I remember correctly, you were buying at .0002?
And if someone else got their broker to check with these bozos
we would get another 'date'.
Buy and sell at the same price continually says it all. One has to learn to read the writing on the wall, and it is painted in large letters.
HAS NOT TAKEN MY SELL ALL DAY @ .0001 If they could not be sold at 0001 before the F/S was announced. And it is not taking
them now, what chance will there be after the split?
With siz billion plus shares out there, this company would need to strike, gold, oil and uranium to move the share price
SEE MY POST # 3844 I posted from the GWGO website, This is in the last paragraph:-
"......Should that distribution in respect of Diversified occur, Great would then (and only then) acquire a Group of Companies in another Industry Sector resulting in the name and Symbol Change "
BTW Thanks for 'wink wink'
If the MM's are buying them at .0001, and selling them at .0001
just how are they making their money? They don't charge commission, what they make is the difference between the buy and sell.
These guys have large homes, and many have yachts, and wives with expensive tastes. They do NOT work for nothing.
I tried with 1000,000 'all or none' as I did not want to find
only a hundred had been taken. They were not taken.
I ASKED THE SAME QUESTION IN #3797 No one appears to want to answer, or do we take a no answer to mean no one has tried?
I have a feeling that we can't sell these shares - old, or new.
Well, not in such large amounts. They will maybe take a token few to get brokers comissions. The bulk of the shares could be
'naked' ones.
If the company cannot meet its debts (promissory notes) due March, it could be wound up then the shorts would be 'off the hook'.
There is either 'no bid' or bid and ask the same .0001. No market makers trade by buying and selling at the same price - the dfference is their profit. This has gone on far too long.
So, where are these shares coming from? We are just a day away from cut off date and the volume is falling, and still trading at .0001?
Does no one else smell something funny?
RE YOUR ENTITLEMENT TO 'DIVIDEND'
Taken from another site:-
'Definitive rule from SEC itself...
Ex-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends
Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Here is an example:
Declaration Date Ex-Dividend DateRecord Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004
On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.
In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.
With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.
HOWEVER
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.
Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.
http://www.sec.gov/answers/dividen.htm '
I did put a 'smile' there. That was not to have been taken seriously. I knew that neither you nor anyone posting here would be privy to such information - on any company.
{Wisdom comes with age, and the challenge is to become wise before your time}
Either you have great insight, or you do not follow your philosophy.
(I hope it is the former)
What makes you assume the premarket trade is for real? It costs nothing for a marketmaker to 'warm the pot' by putting that through to himself. It could have been someone dumping for less
than .0001. However it would show as .0001 as they don't seem to show any extended decimal places.
Remember it has been trading constantly on the board at .0001 so they must be actually trading at less than that figure (from sellers)
From the company website
How much of the following has happened? I refer to getting all companies given as 'dividends' to 'enrich' its shareholders, listed on the London OTC and 'pinkies' in New York.
Some of you got these shares last year. Whats happened to them? Have you been able to trade them?
NOTE the last two paragraphs
Great West Gold, Inc. ("Great") is at this time a Mining Exploration Company quoted on the OTC Pink Sheets Market under the Symbol GWGO.
Great has decided to "unlock" all of its value to enrich its shareholders as follows :-
Great disposed of its 100% interest in Western Gold Limited to Bouse Mining Holdings plc. This was formerly the "Windsor Resources, Inc." transaction.
Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Bouse Mining Holdings plc through its subsidiary company, Diversified.
Great is distributing an amount of 900,000,000 Ordinary Shares in Bouse Mining Holdings plc to Great shareholders of Record on November 7, 2005.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Bouse Mining Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Golden Sierra Limited to Sentinel Resource Holdings plc. This was formerly the "Sentinel Resources, Inc." transaction.
Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Sentinel Resource Holdings plc through its subsidiary company, Diversified.
Great is distributing an amount of 900,000,000 Ordinary Shares in Sentinel Resource Holdings plc to Great shareholders of Record on November 14, 2005.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Sentinel Resource Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Copperstone Mining Limited to Copperstone Mining Holdings plc. This was formerly the "Copperstone Mining, Inc." transaction.
Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Copperstone Mining Holdings plc through its subsidiary company, Diversified.
Great is distributing an amount of 900,000,000 Ordinary Shares in Copperstone Mining Holdings plc to Great shareholders of Record on December 2, 2005.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Copperstone Mining Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Ambassador Gold Limited to Ambassador Gold Holdings plc. This was formerly the "Ambassador Gold, Inc." transaction.
Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Ambassador Gold Holdings plc through its subsidiary company, Diversified.
Great is distributing an amount of 900,000,000 Ordinary Shares in Ambassador Gold Holdings plc to Great shareholders of Record on January 2, 2006.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Ambassador Gold Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Golden Eagle Limited to Golden Eagle Mining Holdings plc. This was formerly the "Golden Eagle, Inc." transaction.
Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Golden Eagle Mining Holdings plc through its subsidiary company, Diversified.
Great is distributing an amount of 900,000,000 Ordinary Shares in Golden Eagle Mining Holdings plc to Great shareholders of Record on January 4, 2006.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Golden Eagle Mining Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great has now concluded three further acquisitions in the Mining Exploration Sector. This is the "Treasure King" Gold Project owned by Treasure King Gold Limited, the "Yaba" Gold Project owned by Monstro Verde Limited and the "Copper Mountain" Copper Project owned by Copper Mountain Mining Limited.
Great disposed of its 100% interest in Monstro Verde Gold Mining Limited to Monstro Verde Gold Holdings plc. Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Monstro Verde Gold Holdings plc through its subsidiary company, Diversified.
Great will be distributing an amount of 900,000,000 Ordinary Shares in Monstro Verde Gold Holdings plc to Great shareholders shortly.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Monstro Verde Gold Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Treasure Kingdom Gold Mining Limited to Treasure Kingdom Gold Holdings plc. Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Treasure Kingdom Gold Holdings plc through its subsidiary company, Diversified.
Great will be distributing an amount of 900,000,000 Ordinary Shares in Treasure Kingdom Gold Holdings plc to Great shareholders shortly.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Treasure Kingdom Gold Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great disposed of its 100% interest in Copper Mountain Mining Limited to Copper Mountain Mining Holdings plc. Great is retaining 1,075,000,220 Ordinary Shares of 1p each (Par Value) in Copper Mountain Mining Holdings plc through its subsidiary company, Diversified. Great will be distributing an amount of 900,000,000 Ordinary Shares in Copper Mountain Mining Holdings plc to Great shareholders shortly.
It is envisaged that after the engagement of suitable Management and the constitution of an independent Board of Directors, Copper Mountain Mining Holdings plc will be seeking admission to a UK OTC Market and then seek to obtain a "dual quote" on the OTC Pink Sheets Market.
Great will be announcing the "Record Date" and the "Pay Date" for the distribution to its shareholders, of an additional three Stock Dividends, those being in respect of Treasure Kingdom Gold Holdings plc, Copper Mountain Mining Holdings plc and Monstro Verde Gold Holdings plc, being the United Kingdom PLC Holding Companies for Monstro Verde Limited, Treasure King Gold Mining Limited and Copper Mountain Mining Limited.
It is currently envisaged but as yet, decided, that Great will at some point, distribute all of its shares in Diversified to Great shareholders, with Diversified becoming an independently quoted "Mining House".
Should that distribution in respect of Diversified occur, Great would then (and only then) acquire a Group of Companies in another Industry Sector resulting in the name and Symbol Change
I'm not quite sure what I should find 'exciting' in that posters comments and appraisal. It is more or less, in essence, what I have been saying, and what any reasoned assessment would conclude. It's a very wild gamble - and I feel it is less than 50-50.
The behaviour, to me, would be in keeping with a company unloading lots of 'shares' gambling, that by setting such a low price, they can bring in enough on volume to milk the cow dry (and some) before the promisory notes herald - sic transit gloria. And another one bites the dust.
I hope I am wrong as I do not like to lose money myself, and therefore would not wish it on others and derive any satisfaction from such an end.
Bon Chance to all
"......Thanks! Now, everyone can buy at 0.0001 I guess."
As many as you want.
I hope you have not payed more than .0001 for your shares. I have a real time 'streamer quote' facility provided by my broker. There have only been about two 'token' transactions gone through at .0002. All the transactions are going through at the 'bid' - .0001
This seems very prophetic, and not on the bright side.
Unless the company comes up with something to redeem it. Well....I'll say no more.
Bon Chance
Just wondered if anyone here has sold at .0001 and the sale gone through?
Thanks fellows, this is fine if those figures are correct. However, I feel that the company has had plenty of time since last November 3 (the date of the company posting) to have got some confirmation of the company's value.
I have also found that there are very shrewed people out there who look for undervalued companies (and over valued ones) and, therefore, they don't stay that way for long
Percentage wise, that would be quite a lot of 'undervaluation'.
Consequently, I am most sceptical.
I read from some past company info that they had/ or were, moving out of PM's and into something of greater benefit.
This is what I was hoping would be disclosed.
Unless this company has something offering positive potential
to be disclosed, then it is totally irresponsible to have been
offering a F/s at this time. The only rational for it so doing
if nothing is forthcoming, is as I described in my earlier post -#3767 and #3769.
Thanks again for your response with data.
It is still .0001 at the ask in spite of the high volume.
Incidentally from where do you get those 'valuations' for GWGO?
Look for some 'glittering' news on GWGO over the next week to keep the hope alive. But, all that glitters is not gold.
In fact, I would like it to be something better than gold — that they've bought a company that has produced a battery soon to be released that would power an electric car for a thousand miles without recharging, it is lightweight, compact, and the recharge would only take 10 minutes.
Now, if that, you guys with a million or two shares can start dreaming about that yacht you always wanted, or wherever your dreams take you — you will all be multi-millionaires - GUARANTEED!
Don't laugh, or sneer. Someone, soon, is going to produce such a battery, or pretty near it.
The electric car is coming sooner than you think. Here is a bit of trivia, around a hundred years ago there were more electric cars on the road than gas. It's going to turn full circle.
Any news will need to be good.
If GWGO is able to double its shares outstanding next week, and maintain at least the same share price at which it has maintained for some time, then it will have succeeded in doing something that so few, if any, companies have been able to do — double its market cap at a stroke.
Only a fast growing company with outstanding growth potential, and one that has captured the imagination of the investing public at a time of reasonable economic stability has been able to do it over some months as people have piled into the share price at half for what it had been selling before the split.
However, from what I have picked up, people have been unable to unload GWGO at the quote — '0001 until the last few days following the announcement of the forward split (2for 1). The shares have been trading, but at what price the sellers were getting I don't know as there was no bid quote.
So we have a company with (in round figures) 3 billion shares selling at .0001 giving it a market cap of $300.000.
Next Thursday, if the current share price holds, there will be 6 billion shares, giving it a market cap of $600,000. Wow! A stroke of genius. He should be running the Federal Reserve.
If the share price doubled to .0002 then the market cap would be $1200000 That is four times its current cap. (Please tell me if my maths are wrong)
Just one snag. If they keep it without a bid price and there are no 'goodies' to create new buyers to outpace any potential sellers then we could have a false market cap price. You see, a true market cap is what you could sell all the shares at, at any given time. Like, the monetary worth of your car is what you can get someone to buy it for - not the price listed in some book.
Let me explain. It is easy to put a few transactions through at the 'ask' - you can even manipulate them by the MM's or Company trading them to themselves.
Let me further explain, by simple analogy, to the naive. If you were an artist, to promote your paintings, you could enter a painting in an auction, then buy it back yourself via two or three 'friends' bidding the price up. All it will cost you is the commission and the few dollars you slip your 'friends'. The price at which a local artists paintings fetched can be newsworthy - and it goes on from there. It's like kick starting a car - you bank on the kick start to get it going. Sometimes it does, sometimes it doesn't.
Ebay has been great for this. Come say Christmas, everyone wants an I-pod and there aren't enough reached the stores. You have previously managed to acquire a few. You put one on Ebay, and buy it(bid it up) back for some ridiculous figure. Everyone is talking about - 'did you see what that i-pod fetched on Ebay. The next time you put one up, many are eager to snap it up. You kick started a frenzy. Some buy because they want it, some just hoping to find a greater fool on whom to dump it.
This was done in the music recording industry - teams going round to the large outlets asking for the particular new release recording being pushed - back handing top DJ's to play it, and gettng lots of people to request it.
Manipulating the system - any system where money or power (like elections) are involved is as old as man. There's an old cliché that describes a gold mine as a hole in the ground surrounded by suckers. But, sometimes they pay off big, and I guess that's what keeps us suckers standing around gaping in that hole
As I mentioned, we have to give them a chance. At the moment we are in the dark. I have some shares - I'm a sucker for lotteries.
All I outlined was merely a way that it could make someone a few bucks in a sort of legal scam, well as legal as Uncle Sam and his multi-mllion dollar printing press.
Next week when the company has six billion shares outstanding, and you multipy that with whatever is the share price - that is how much it is signalling the company is worth. Now if it goes back to .0001. Well, you work it out.
What we have to see once we know what the company now owns and what its plans are is - are the assets and potential worth at least that.
When you swim in shark infested waters to reach treasure island, you have not to be surprised if you meet a few sharks.
Hold on to your dream, mon ami, and enjoy the swim - that shark just may be a dolphin.
Marazul
Well, at least , it was a courteous response. First, there are still some unknowns re the company itself as I expressed in my original e-mail. There is some change in senior management so we have to give the company some time (not too much more) to give an account of themselves - ie., put some meat in the sandwich.
At present all we have is talk enclosed in an empty shell, or. two slices of stale dry bread with nothing between.
I shared with you all a copy of my e-mail in response to their
apologetic e-mail, in which that was inferred.
My theory is based on it possibly being only a shell that could be operated from the kitchen table.
What would the product be? Think! 3 soon to be 6 billion 'shares' of 'promises'
You have seen the average daily trading of these pieces of nothing. The price is so small it would not attract short sellers, and it does not deter thousands of people who like 'lottery tickets' (pieces of hopes and dreams). And they will hold on to those dreams like a child clings to candy.
Now, that's a start. Apply that imagination. How could YOU work it? Get a pen and paper, a cup of coffee, and do some maths. I worked it out as a nice neat business giving me a nice neat $10-20,000 a day (if my maths are correct.)
Do you know, it is said that Picasso always paid by cheque because he found no one cashed them believing that one day his signature on them would be worth more than the amount of the cheque. It is amazing what hope and greed will do.
Think of Uncle Sam and his dollars. He's fine until people outside the US accumulate too many and start returning them from whence they came. As long as they hold on to those trillions of bits of green paper, or pass them between each other, and only return a little at a time all is OK.
However, you have to feed the dreams because when they stop, they become nightmares, and you wake up in a sweat.
"...lol enlightened, you know from your "friend" what effect the forward split is supposed to have, but you can tell anyone? LOL .... Come on dude, you may be serious, but that kind of post ...."
Please learn to read a person's post properly before you reply
with your sarcasm- 'Dude'.
You deserve to be left in the dark with that attitude.
I also told you it is not difficult to figure out. All you need is a calm mind, devoid of mind freezing emotion, and a reasonable amount of imagination.
But then, that appears to let you out.
I worked out what this company is up to, that is what is its real rational, and raison d'etre. I discussed it with my friend and told him I was going to post it here to have you all evaluate it (check my maths etc.,)
He pleaded with me not to, as he said it sounded too 'on the ball' and may put too many people off. He is holding quite a few shares - much more than I. He doesn't want anyone rocking the boat just yet. So, to ease his mind, I sort of agreed.
It would probably answer your query, Change Director, about the forward share splits.
However, with a little imagination, it should not be difficult to figure out.
What we need to know, and we don't at present, is just what the
this company has that can generate income. It has hived off all its 'holes in the ground'.
It was said to be diversifying out of PM's. It said it had bought a copper mine, but was also going into something different. However we have no more info.
We are in the dark.
It could have some potential up its sleeve, or it could be an empty shell run from the kitchen table.
Anyone live near the company that could drop in for a visit?
This is a copy of an e-mail I sent in response to their last e-mail to me:
Mr Bezzano,
Talking BS seems to come with the title of President be it a company, or a nation.
Let's have ACTION not talk. Talk is cheap, and so few, today, trusts presidents, unless they are terminally naive, as in brain dead.
Your company's shares are a disgrace even for 'pink sheets'. All you have delivered (dividends) so far are percentages of NOTHING.
Please make sure your next big statement comes along with something tangible, and that has value. Then you may build yourself some credibility.
Thanks Mr Mackey. Don't know if I am doing it correctly but I went to the link and went back as far as the 'drop down' permits - July 2006 and the shorts window that comes up shows blank. I take this to mean there are no shorts, and have not been for some months at least.
The new regulations coming into effect have been known for a long time. I would have thought any shorts in there would have exited for some time. I mean, the stock price has been virtually at zero (.0001) for a long time. They could all get out at little cost.
Or is my reasoning wrong?
Why would naked shorts stay in and the other shorts be out? Doesn't make sense.
I hear a lot about these 'naked shorts'. Does anyone know for sure just how many such shorts are involved? I mean, preferably, not just heresay.
Anyone out there know? If so - THANKS for sharing
Correct, I had ammended it when I checked on his date
Affirmative! This forward stock split will ONLY be available to shareholders of record as of February 08, 2007. That is you must own them before close of business on that date
From the companies bulletin:
This Forward Split is effective from February 8, 2007 and that will serve as the “Record Date”.
(I think you put February 9th, but I checked the issued company e-mail, it says 8th)
THANKS to all who answered. I figured it was National something.
This company is either going to be a very big scam, or those who got in at the bottom, at least, are going to make a lot of money if it isn't (providing they bought enough).
Of course, if it is a scam, and those who even got in at the bottom wait to try and get out at the top....well....
C'est la vie. (As the Chinese say)
You referred to my post but did not answer my question. I do not know what NATL means in this context. In other words. 'enlightened' needs enlightening.
I would appreciate it. Thanks
NATL: I'm a Brit, in London, so am not always familiar with your abbreviations. Could someone please tell me what NATL stands for here. To me it is short for National.
Thanks
"...Bingo!!!!!!!!!!!!! How could anyone believe increasing the shares would make money for you? ........"
Nothing wrong with the principle. It all depends on whether the company has a future - as in expanding within in its market with potential growing profits.
A close acqaintance became extremely wealthy by investing in a growing US supermarket that was expanding its branches. The way it rewarded its shareholders was by FSp's
It could not afford cash dividends in those growth stages, so this was the best way open to it.
He amassed quite a pile of shares,from these splits which eventually increased in worth as the company's profits grew.
This could only happen here if GWGO has something up it's sleeve that will be released at an opportune time. 'Timing is everything'.
If there is huge shorting in this company - remember it was a much higher priced stock a while back, then the shorts are going to get slaughtered if they are forced to buy back four\or more times the stock they sold and the price starts.
rising.
Just a thought.
I believe that what we have here are 'traders' taking advantage of the high volume and low cost buying on dips, then selling into any 'good news' which appears to flow freely, and at a regular pace. Holding enough shares they can take small
profits (quick turnover). With this volume, they can enter, and exit without problem.
Notice it is nearly all done at the beginning of the session.
I've even done it myself, but not as a method of play. I was holding a profit, felt it would not go higher - it was stalling too long, so I sold out, having made $300, then bought back in again as it fell back later in the day.
No 'rule' is sacrosanct, but it is generally accepted, so I have read, that long term 'investors' generally buy towards the close, which results on a price rise at the end, not the start.
It's been a good helpful guide to me so far.
Too many people had their fingers burned in the past with this company,as most of you know, so they are nervous. However, I believe this time they have got things right.
It's a good lottery ticket, especially in the climate we are moving towards. And, it offers 'two bangs for the buck'
If 'insiders' knew that good information was eventually going to come from this company, they would buy up this stock while it is almost being given away, then later, when the news is released, and the company is seen as a viable proposition they can unload.
This could account for the high volume.
Every day now the stock appears to trade at one price - .0001
This remains the high and low of the day.
Does it also mean that it is being bought and sold at the same price, or, is there only 'selling' by frustrated holders and the stock is being picked up by the company, or the market maker and held.
If it is the latter, then could this mean they are being acquired for almost nothing to be held until some good news is released later at a time when this segment of the market is responding to a sustained increase in the gold price?
You all avoid the fact that the company could honour their proposed deal, not necessarily exactly as some are hoping, but still within the word and that could be positive for both 'investors' and company; for this would blow your one side of the fence theories - which, I acknowledge, could well be right, as well as wrong.
It just requires a bit of lateral thinking of which, it appears, some of you are not capable, or with which you experience difficulty. You therefore avoid it.
No, I do not believe this company, or any company is motivated by altruism. But sometimes sincerely acting in a way that has a
win/win flavour can eventually produce the right results with less hassle from repercussions.
What this really highlights is that too much focus has been put on China - intentionally or unintentionally. Well, it helps the 'fear factor' as China is more easily viewed alien' than India which was part of the British Raj for many years and where, at least, all the educated there speak
English with many of the Higher echelon having been educated
at top British halls of learning, and legal system British.
There is only fear for those whose thinking did not move into the new millennium (though it should have moved long before).
Whether you like it or not, we now have One World, or new world order, or whatever epithet you care to ascribe.
Companies that look to, and connect with, the rest of the world are the ones that will outshine the rest. This is hard for most Americans who have become to think that anything outside the US is third, or ancient, world - certainly hostile.
The British had to overcome this mentality, and the Americans will, eventually.
Not just to Justerx, but to all interested parties.
The 'legal' scam.
Don't read that too literally. Has no one considered that Downs could honour the proposed 'special dividend' and still have made himself a million or two.
Here's one example: A company could cause its own shares to fall below fair value. It could buy back the shares, 'carefully', as they were being dumped. It would then own its own shares at below par value.
Then, when the time is right, it makes a press announcement that it intends to pay out a very (unbelievable)attractive dividend from a 'part sale' of a company asset which it may, or may not have made.
As it now holds most of the shares, it can 'feed them out' in a controlled manner as 'speculators' (punters, suckers, whatever) buy in. This will tend to accelerate from slow beginnings until it nears pay out day. By then you will have the stocks rise behind it to encourage more to join the party.
A good cash pay out could be made, along with shares sufficient to keep the company's nose clean. The money coming from the profits gained from selling its own stock, and some from the sale of one of its asset companies (had there been
one).
Most scams, and even regular crimes, are often discovered by exposure from the perpetrators being too greedy. Many could have got away with it had they quit while they were ahead. It's just a thought. I worked out very quickly on some paper how this could be done to return a decent profit. I'm sure you could.
Note: All share dealing is a zero sum game. By that is meant that someone has to lose for someone to gain - well, it always turns out that way. The only way it could work otherwise would be that the share continues to rise in perpetual motion, and no one sold out below the price they paid.
Yes, there are other things at work,such as regular dividends. I know, but that is the basic. The masses today, which includes the burgeoning 'on-line trader' family, use exclusively ' the 'greater fool theory'. Too often they find that they are the greater fool.
I put this forward for your consideration. There could well be a trend developing that is the reasoning behind why some smaller companies are hiving off their businesses and in one way or another offering their shareholders 'special dividends' which, on the surface, do sound too good be true.
This thought came to me when I was listening how Anglo American (AAUK) which, when it first started out, was purely in 'gold mining' but later branched out into other areas of metals, coal. and even paper and packaging, is now hiving/selling off some of its units by varying methods, and will be returning shareholder value in various forms. You can read more at various locations including Market Watch and Kitco.
The thought is this. That perhaps some of the companies do not want to be involved in the day to day running (and anxieties of running) these businesses, but are hoping, by retaining a financial interest, they can rake off a profit from any of these divested (and often diverse) companies that become profitable. It is a bit like a home builder who retains the 'freehold' and sells leasehold. He has no worries about the property, and retains a leasehold 'fee' each year. Not the same, but has the similarity of owning, without agro.
Lets take GWGO (West Gold) They have already rewarded their share holders by sending them four or five different pink sheet style gold mines shares (25% of the shares they already held in GWGO) which were on their books, and the remaining one will be dispersed next month. The shareholders will also still have their shares in GWGO which will change its name as it moves into another sector (but retains an interest in the divested companies) - with which it will probably, eventually, do the same.
IDWD may well be just going down the same road. Some people just can't start up their own companies but will find the cash, and put in the work to develop one they buy that has some of the foundations in so they don't have to start from scratch. They don't mind it not being too developed, or profitable, they feel they can turn it around.
There are many young people in the UK going into property and buying themselves a 'run down' they can improve themselves. Often they will end up having poured out more money to get it up and liveable than what a new place would have cost them to build.
What I am saying is that there appears to be a market for kicking something off that you can sell, and if necessary, in which you can retain a financial interest.
I have something more to add to this, but will wait until later.
Janice.(and others) My experience with 'watchdogs' in a number of other areas has been that they do not like to bite, In fact, they often do not like barking.
They will find 'every which way' to avoid their involvement from ignoring to attempting to 'pass the buck'
I have come to believe that is their real raison d'etre - to fob you off, burn up your patience in the hope that you will give up and go away.
And the latter is what most people do.
However, what I have found is to do that which they do not expect, and really dislike - that you persist. Also, that you go to other options and indicate that you have also informed others. It's akin to naming and shaming.
I just took on my local City Hall, and you know what they say - that you can't fight City Hall. I went to the Local Government Ombudsman, I appealed to the National (British)Government related department. All, I found, stick by each other.
But I persisted. How wonderful is the internet, and e-mail especially to we 'on our owners'. You know, these departments have not yet quite adjusted to its power of easy access, and commincative far reach.
To cut a very long story short. I would not be put off. I persisted. In the end they backed down and I even received from 'City Hall' a cheque ('check' to most of you) for my trouble - time and cost)
Yes, they will tell you ANYTHING. They are trained to do that.
99 cases out of a hundred they know you will give up. But when you let them know that if what you say is proved right, you have on record that you informed them and they did nothing, and that you will take this to the media. It makes them VERY uncomfortable.
This is only ONE of my three experiences with 'watchdogs' and in each case, I made my point, persisted, and got satisfaction.
Here's one little tip I have used to bring pressure on a company. Contact the local Chamber of Commerce, point out your concerns, and how,if correct, it brings discredit on the town or city's other businesses. Have one basic letter format, KEEP IT SIMPLE and to the point, and only slightly adjust it, if necesary, to the different organisation being contacted.
I even got the rent deposit back from a Chicago landlord, when I had moved to Florida by contacting the local Chamber of Commerce of which he was a member and acquainting them with the details.
I have returned to the UK now, so it is not so easy for me to 'have bite' in these matters in the US. However, I am willing to add my bit if others are so willing.
Just a few thoughts I have shared. No hard feelings if you disagree.
"I'm a veteran of the Korean War and will exercise my constitution right until I die....". Very profound, and patriotic emotion stirring..beat the drum, wave the flag.
Well spoken words, Wallymac. However, to do that, these days, can land you in a whole heap of trouble. The right of 'free speech' has been removed from ALL constitutions (if they were ever really there), or whatever stand for such, in all so called 'democratized' (what a farce)nations today.
A Brit has just been sentenced in an Austrian court to three years for exercising his, and he hadn't attempted to incite anyone, or accused any government - merely, as an historian himself expressed disagreement with someone else's interpretaion of it. Hit and run drivers who have knocked down and killed a child have got less.
I have read of a number of Americans being manhandled, brought to court, and dealt with for exercising theirs. And we have just brought a Muslim cleric to court and sentenced him to prison for exercising what he believed was his right.
The 'establishment' will always find a way to take away anything to which you thought (foolishly) you had an inalienable right - if what you are saying disagrees with the point of view they hold.
One such way, relating to free speech is to claim that you 'abused' free speech. That is a loose term, and is hard to defend when accused as you will find should you always put effect to your words.
However, here on this board, friend, the most you will get is a few nasty, cynical, words from someone who disagrees with your point of view, or at the very worst, have your post deleted.
As for having served in a war. Unfortunately they are often used to feed you with nonsense in order to get you to do, at the time, that which would normally be abhorrant.
Hundreds of thousands of men went forward in waves, often waste deep in mud to be slaughtered by machine guns, and shells
day after day for four years in the belief it was a 'war to end all wars' and that they were fighting for freedom. (both sides believed the same). Just a few years later, they were at it again.
But I understand what you are saying, and I know it is nice to cling to these beliefs, like a child clings to its pacifier. It makes reality less disagreeable.
".....It's difficult to predict the future. IDWD could be $5 in six months or it could be 60 cents. I don't know and I would not hazard to guess. I'm not greatly interested in the dividend now. The real value appears to be IDWD, not the dividend. JMHO....."
I think I know what you are trying to say here Crossbow, but it is not just the dividend itself, it is the way the company
is promoting it, and all the, what seems apparent, falsehoods.
No good honest company with a future would do that. I think his what concerns most of us. Though, the dividend is a focus
that has brought all into the open for discussion.
It would not harm to pass the information and alert both SEC and NASD if only for the purpose of clearing the air.
Too often we see the locking of stable doors after the horse has bolted.
Maybe two or three of us should inform (alert) them. It would put them in an embarrassing position (knowing that others had noticed and they had not) if the SHTF and they had done nothing - especially if BOTH have been informed - one could not blame the other quite so easily.