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Well stayeven,
I wouldn't really complain if you took out the .0010's for us all...
lol, sorry.
Just getting sick of the needless attackers. The guy is trying to buy for christs sake...
Not like he's around here trying to prove we're under investigation or something.... lol
Lighten up everyone, its friday!
BUT THERES NO BIDS IN AT .0009! HOW CAN THAT BE?!?!?!
lol.....
Wow, we're new. We must not know what your talking about.
I'm just trying to give the guy a little credit. His previous posts have been no BS, and theres no reason to doubt him now.
If you doubt him, go put in a bid at .0009, see if you get filled. We all have had MM's try and disguise our orders before... Its part of trading. Lay off the guy.
Is that why the current spread is .0008x.0010 and someone just bought at .0009?
MM's play dirty.
Stayeven's been around for a while and has no reason to lie.
Doing good Duke! Probably won't make it back until sunday night or Monday... I'll be around friday during the day though
I just got some more @ .0009, couldnt help myself...
Nice day today!! Keep up the good buying tomorrow!
Got quiet out there again. Glad to see we're quiet at .0011 instead of at .0008 though.
I'm impressed that we have gone two ticks up on such low volume! Remember just a few days ago it took 150mil to get us up here!
yep, ETLS does that.....
I normally try not to be overly optimistic, as it can bite you in the butt real easy. But the last couple of days, it does seem like the burden of selling has been lifted.
Weird the way it works sometimes...
I got 2 blocks of 250k @.0010, looks like someone else aside from us got 50k of it down there as well....
either someone cut in line, or someone ordered only $50 worth.
I was wondering who was hanging out down there with me.
Nice grab!
I'm liking it, I took the money I made flipping this yesterday, and bought more at .0010 today.
I Love this one!!
Bingo!
My guestimate:
1. Original 54 claims valued @ $64,800,000
2. $64,800,000 / 54 = an ave. of $1,200,000 per claim
3. $1,200,000 ave. per claim x 254 claims = $304,800,000 tot. claim value.
4. $304,800,000 tot. claim value / 50% discount to the market for sale potential = $152,400,000
5. $152,400,000 / 1,200,000,000 shares (guestimated final tally before 504 completion) = .127 cents per share.
OLD news.. lol.
HOUSTON, May 02, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has acquired an additional 50 Uranium Mine Claims in San Juan County, UT. The claims are located in close proximity to the Company's other Rage Claims.
This acquisition raises Russell Industries current total of San Juan County Uranium Claims to 254, covering an area of 5,080 acres. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.
"We have elected to engage two independent geologists to issue NI 43-101 compliant reports to establish an economic valuation of the underlying assets of the claims we now have in house," said Russell Industries President and CEO Mr. Rick Berman.
A National Instrument (NI) 43-101 report is the standard that Canadian Securities Administrators have developed to regulate how public companies or "issuers" can disclose scientific and technical information about mineral projects to the public. This report is also used in the EC as a standard that investment funds use when evaluating potential investments. The report is expected to be delivered during the fourth quarter of 2007.
pssst... loof... theres 254 claims now, not 204....
I was one of the lucky ones that made it out up there... already got the buy order back in for .0010 again.
agreed. We're not going anywhere quick w/o significant PR's...
O/S has been increasing because of the 504, and because the CEO has been using shares to pay for some of the claims. Hard to say which is going on here without word from the company.
Many here probably think that the acquisition phase is over, so it's probably going towards completion of the 504.
I hope so... when the O/S starts ending with B instead of M it makes me kinda nervous....
It only makes sense to assume this could be the next stockpic.
I'd assume before they send out their recommendations, they buy in heavy to the stock. The increase in volume they caused probably triggered more buyers.
All the pieces fit. Looking forward to riding this one out!
I have a strong hunch that RB doesn't do much if any selling at these levels.
I'd like to see these .0008x.0009's go away....
3/5/2007: PR stating 367,000 earned to date via 504.
4/6/2007: REGDEX filed with SEC name of offering March 21, 2006.
Shows 436,259 filed to date.
Now, I must admit I skimmed the date and assumed the march 21st was 2007. This is listed in the Name of Offering field. I just picked up on the 2006 reading just now.... previously had thought it was 2007.
Between March 5th, and April 6thth there was 521 million in volume. This corresponds to between $607k and $645k in total volume.
We raised 436,259-367,000= $69,259 in this time period.
This corresponds to a dilution rate of 69,259/620,000, or about 11%.
This number brings our dilution to ~$650k to date.
Whenever it ends, expect some significant news beforehand. If we get news to bring us to double the price, and do 10x the volume for 2 days in a row, we're done. Sounds kinda like the last run....
To the best of what I know at this point yes. But also I dont anticipate the volume staying this low. We'll probably get a good pickup when he announces operations beginning.
Using 18% dilution in total volume puts us on mark of the 2 known 504 points, March 5th @ $367,000, and March 21st @ $436,259.
Continuing with this rate of dilution we are currently at ~$830k.
Now, at current volume levels, we're only getting about $5k a day, so we need to be hoping for another peak before ridding ourselves of this thing.
All just a rough, crude calculation of course, but right now it's the best I can come up with.
May 25th, 11:25am
always makes me wonder... who would be selling at these levels???
What a boring week....
Bri,
Nothing official yet at this point on the 504. At this point it's all just speculation.
I kind of think that maybe RB intended to finish off the last of the 504 with the last PR he put out, but the market didnt agree with him.
Yup, always seems to be that way with ETLS. Last time it took me 3 separate sells on 3 different days to sell off 300k shares.
john,
this is a great one to set and forget. Set a buy order for .0010 or .0011. Once filled, set a sell order for .0018 to .0020 and your good to go. Don't buy too much or it'll be hard to unload up top.
I agree John, we may never see the end.
I'm still hoping he will update us on in in the next week or two, just to let the public know where we stand.
Using the date of April 6th instead of March 21st puts us at 10 to 11% dilution, and a total of $635k - $637k
lol, i'll get around to it one of these days. Maybe as soon as RSDS pays off! ;)
So, If the March 21st date of 436k is correct, then my numbers should be good. If its April 6th, then we may be lower than that. Again, i still think its Sales through March 21st, filed by the SEC on April 6th.
So I have been using just an average share price for the day, (calculated both high/low and open/close). This tends to give me a range that we could fall in as there are two different averages.
Total volume between march 5th and March 21st multiplied by these averages gives us a TOTAL sale volume of between 375k and 395k traded. 436k - 367k gives us the total raised during that time, ~$69k. 69k is about 18% of the total volume.
Between March 21st and yesterday, there was between $2,125k and 2,351k of total volume. Again, multiplying that by 18% gives us 382k - 432k raised. Add that on top of the 436k gives my final number $749-790k.
Now, if we interpret the REGDEX as having 436k on April 6th instead of March 21st, then we have a significantly less amount... I'll calculate and let you know what I get.