thinks he has found two 10 baggers......
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*****INVESTOR UPDATE*******
Share count is approx 7.5MM held is strong hands. this number does NOT include any numbers from SCG.
mowsmows
parb,
I do not believe there will be anything of the sort, major dilution that is. That being said, he has stated in several PR's that he will minimize dilution. So......it is not out of the question....dilution, however Ed is smarter than iblong claims him to be, and it would be most likely IMO that if any, would be restricted.
mowmsows
ya think?
geez...
mowsmows
parb,
i personally believe we went up and then back down because of SCG. The company is still here, and prices are above what we were before SCG started buying. The float is held tighter than before, which is good. I am frustrated too, at these levels, everyone is down. the smoke is starting to clear IMO, give Ed a chance to get some type of an update out in the near future. We all know he reads the board, so let it take its course.
mowsmows
parb,
deposits per the PR are refundable. I will go out on a limb here, and say, if the compnay DID pull out of the deal, I am sure legally they will be able to get their cash back if they have not already.
mowsmows
parb,
I am thinking you are blaming the wrong guy here, just my opinion. But hey.....time will tell wont it?
mowsmows
parb,
I am assuming you are referring to the below PR dated 5/18/2010
I can only offer you my opinion here, and you raise a very valid point. I took some time to re-read this PR very carefully. I can only offer you my opinion here.
Below it states (in bold) that the company entered into a LOI to do a definitive agreement. A LOI is not a firm legal committment to do a definitive agreement. The way I understand it, the company has a right to fully do its due diligence before entering into such a large transaction. My intpretation is that the company was in negotiations to reach an agreement. The PR states......"The parties expect to reach an agreement within 30 days." well......30 days has come and gone. If an agreement between parties is not reached within those 30 days, then there could be many reasons why a deal was never reached. That is not to say negotiations do not continue, just not officially. Unfortuantly, we are not privy to that information. I remain hopeful for all of our interests, that some agreement between parties is reached.
I have copied the PR below for your review.
Secure Runway Systems Corp. Signs Letter of Intent for Advanced Stage Gold Project
Secure Runway Systems Corp. Signs Letter of Intent for Advanced Stage Gold Project
TORONTO, May 18, 2010 (Marketwire) --
TORONTO -- (Marketwire) -- 05/18/10 -- Secure Runway Systems Corp. (PINKSHEETS: SRWY) (Secure or the Company) is pleased to announce that it has signed a letter of intent to purchase a 40% interest in an advanced stage near production gold project in the Silver Mining Mountain District, San Bernadino County, California.
The La Dama de Oro gold property consists of eighteen (18) unpatented mineral claims located along the southwest flank of Sidewinder Mountain, in the Silver Mountain Mining District, 15 miles east-northeast of Victorville, California, USA.
Pursuant to the "Economic and Geological Potential Report" prepared by Donald G. Strachan, Economic Geologist M.Sc. CPG, the La Dama de Oro workings were known as the Mojave Girl from 1892 until 1967. All of the properties were consolidated by the current vendor in 1968 and privately held. Other workings on the Property continue to be known as the Mojave Boy and the Tarantula.
Ore taken from these three mines between 1934 and 1941 was trucked to the Burton Mill in Mojave District, Kern County, California. During this period the mines composing the La Dama de Oro shipped 570 tons of ore to the mill which produced 480.83 oz of gold and 624 oz of silver with an average annual grade over the seven years of 26.04 grams (0.84 oz) per ton gold and 1.30 oz. per ton silver.
Mr. Strachan states in his report, "Underground workings at the La Dama de Oro Mine have penetrated the western margin of a 4.5 foot-thick quartz vein lens. The extent of hanging wall alteration above this lens indicates it may be projected a minimum of 400 feet along strike and 1,000 feet down dip. Past production records indicate a minimum average ore grade of 0.50 opt Au. If 50% of the projected lens at the La Dama de Oro Mine is ore grade, a conservative minimum geologic potential of 36,000 ounces gold contained in 76,000 tons is available."
Mr. Strachan further states, "At least three additional quartz lenses with similar gold potential are projected along the 6,000-foot east-southeast strike of the La Dama de Oro fault-vein system. This premise is supported by the extensional-oblique genesis for this second-order Helendale Fault structure, by known vein occurrences, and by three additional zones of apparent hanging wall hydrothermal alteration. In my opinion, assuming three additional lenses of mineable widths similar to the original La Dama de Oro lens, conservative minimum geologic potential of the La Dama de Oro mine property is 288,000 tons of ore containing 144,000 ounces of gold."
Mr. Minnema, president of SRWY comments, "we are thrilled that our company has negotiated this option to purchase an advance stage gold project. Previous work in the area has been substantial. We believe that the La Dama property hosts a world class gold deposit. Significant funds have already been spent on the property and we are very fortunate to have this opportunity to acquire an interest in this project on such favourable terms to our shareholders. I am very pleased that Secure has been chosen from among a number of interested parties, and Secure appreciates the efforts and flexibility of the vendor for this opportunity. Secure is pleased to be part of the La Dama De Oro mining project and both parties are anticipating production in the near future."
Mr. Minnema would also like to inform its shareholders that Mr. Minnema, and Mr. Handford, Secure's VP of Mining Operations will be traveling to the La Dama De Oro project early next week as part of Secure's due diligence process.
In accordance with the signed Non binding letter of intent, Secure has already advanced $10,000.00 as an initial fully refundable deposit and shall advance a further refundable deposit of $15,000.00 by May 18, 2010. Subject to Secure's due diligence, which is currently underway, Secure shall receive a 40% interest in the property on payment of $200,000 (inclusive of the deposit) payable within 120 days of the signing of the definitive agreement. Secure shall also pay up to 1 million restricted common shares of Secure, which amount shall be reduced to 500,000 shares if the share price is over .50 on the date of signing the definitive agreement, and shall grant the vendor 1 million options to purchase Secure's common shares at a minimum price of.25 per share (or higher depending on the share price on the date of the signing of the definitive agreement) for a 1 year period. On earning the option, the vendor and Secure shall thereafter enter into a standard form Joint Venture agreement and share all expenses on a pro rata basis. The parties expect the definitive agreement to be signed within 30 days.
About Secure Runway Systems Corp.
Secure Runway Systems is a junior public company creating a diverse range of business ventures which will appeal to a broad audience so the Company will grow together with those different sectors of the economy. The company currently has signed a definitive agreement on their first gold property, "the Hemlo Aura Gold property" in Northern Ontario. This area has hosted some very large gold mines including the 23 million ounce Barrick-Hemlo Gold mine. In addition to exploring for gold, the company is currently investigating other businesses ventures including those in the retail sector. With an advantageous share structure and through the building of a solid management team, the company will endeavour to provide increased shareholder value and at the same time minimizing dilution so as to provide maximum return for our shareholders. We invite current and prospective shareholders to contact us and learn more about our company or visit us at:
www.srwypink.com
Safe Harbour Statement:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Contact:
Mr. Ken Ash
Stock Charter Group
Phone: 1-910-300-8189
Email: kashjr@aol.com
Or
Secure Runway Systems
Edward Minnema
President
(416)-525-6872
Srwy.Ed.Minnema@gmail.com
http://www.srwypink.com
Source: Marketwire (May 18, 2010 - 11:38 AM EDT)
News by QuoteMedia
Was away for most of the day today. WOW!!!!!
I have never seen so many deleted posts and negativity in the last 24 hours in my entire life. It is my opinion that whatever happened has happened. It cannot be reversed now. We are all adults here, and all of the name calling and accusations must stop. It is not productive, not even one bit. The stock price has fallen, and I know many people on this board who are averaged at much higher prices. Yes....it sucks, but instead of making this a place to vent, lets all take a deep breath, count to 10, and have some good valid discussions that would make a new person want to consider investing. If I were a newbee reading this board, I would have already run for the hills.
To everyone who has thrown stones here......Please stop. This is a neat little company, yes it may have its weaknesses, but do not underestimate its strengths too. And for what its worth, I have my hard earned money in it, much like the rest of you who probably do too, so lets all try and be more considerate and keep the discussion ON TOPIC.
mowsmows
Please keep all posts on topic, this is not a place to vent frustration. Off topic posts will be deleted.
mowsmows
Boardmarks increased by one.
mowsmows
STOCKCHARTER,
Please keep your posts on this board relavent to SRWY. Thank you.
mowsmows
earl,
What does it take to move a pink sheet stock? The company will evaluate opprotunities as they arise, and they are dedicated to bringing value to shareholders. This is a shell company accoriding to pinksheets, and so far since Ed Minnema has been appointed president back in February news is put out in press releases, we have had I believe 13 or 14 of them since his appointment to the company. There is pleanty of reading for those interested. Ed is a smart businessman, and news will be released as it is warranted. I believe Ed has done a great job in being transarent, as you will see he will post occasionally on the boards. Again, I suggest you check out pinnacle digest, it is free and I have found Ed will answer questions there, but only to the extent that he is able to.
mowsmows
earl,
pinnacle digest is free to join. I encourage you to become a member. www.pinnacledigest.com
mowsmows
STOCKCHARTER,
thank you for your share count update. I will add you to my list.
mowsmows
ryall12,
Glad to have you here participating in the board discussions. I will not steal retromans thunder this time, so I will let him respond to your questions, as he is fully capable of doing so.
mowsmows
retro,
thanks. I don't think I could do any worse. LOL
mowsmows
earl,
I will run a new tally this weekend for you with updated totals. If you are asking how many in particular were bought today, $5,000.00 worth. look at the tape on level II, and you will know exactly how many we bought. We will be in the market again next week for any weak sisters. All the best! The MOWSMOWS group.
mowsmows
My group accounted for just about all the buying today.
mowsmows
Great post retro, thanks for the update. It is apparent to me the possibilities here are substantial.
mowsmows
pure garbage. I am pissed.
this is probably the worst stock I have ever been in. I am averaged at 0.09. this is complete horseshit.
mowsmows
I always like to think the glass is half full, rather than half empty. It is easier and healthier to go through life in general thinking that.
mowsmows
WWW.DIVERSIFIEDSECUREVENTURES.COM
parb,
please see post 1303. That was last night as of 11:40pm. Its not not even 12 hours later, and I tried to get some sleep last night, so no. I need all shareholders to send in their numbers to get an accurate count.
mowsmows
cleanmoney, what relevence does this have to SRWY. Please keep posts on topic, or they will be deleted.
mowsmows
draego,
excellent. thank you.
mowsmows
as of 7/13/2010, current share count is 7,105,436 and growing. please PM me with your counts.
mowsmows
iBox has been updated.
mowsmows
parb,
according to my math, and excuse my (rounding) here. working from a bit of memory here, but this is close.
A/S
75,000,000
O/S
35,300,000
Float
15,000,000
(of this number I can personally account for approx 7,000,000.
Restricted and held by management
20,000,000
So....the remaining shares (free tradeable) is about 8,000,000. Now that being said, I did not account for all the shareholders on record. Pinksheets stated 165 shareholders as of 7/7/2010. I am guessing here, but my 7,000,000 numer probably only accounts for maybe 65 individual shareholders.
This float is held tighter than that, IMO.
I would suspect, and this is only my opinion, there is maybe a couple million loosely held shares out there now, if that.
I also suspect a substantial short exists.
mowsmows
draego,
thank you my friend. Kindly tell me if you are or are not part of SCG.
mowsmows
earl,
there is alot of positive things on this board. I just gave a hard count for all the shares that i personally know of. you are in there too my friend. We are just over 7MM. Float is 15 MM. I know for a fact that i am missing a bunch of people, simply because they have yet to respond or chose not to do so for privacy reasons. In any case, I can account for about 1/2 the float. this is really good IMO. Assuming pinksheets is correct, there are 165 shareholders as of July 7th 2010. I bet the 7MM accounts for roughly 40% of that number, so IMO the float is pretty tied up. I also have suspicions that there is a large short position in SRWY. Let managment get there ducks in a row, let them announce the name change, which could be any time now, and this turns into a completely different ball game. Ed is working very hard for his shareholders, I truly believe that. let him execute and we shall see the price back northward.
mowsmows
SO FAR THE COUNT IS 7,005,436. THIS AMOUNT DOES NOT INCLUDE ANYONE IN SCG.
mowsmows
thanks parb, will add you to the list, and hopefully tonight I will have some time to add all of it up.
mowsmows
To all investors:
The list is growing, and I encourage you to help the cause here. Please respond.
I would like to start a hard count of the shares being held. Please PM me or email to bas71@hotmail.com and tell me (1) your share count, (2) your investing period, i.e. longterm, swing trade, flip, etc.
I will post the tally here, but will not post the names.
mowsmows
To all investors:
I would like to start a hard count of the shares being held. Please PM me or email to bas71@hotmail.com and tell me (1) your share count, (2) your investing period, i.e. longterm, swing trade, flip, etc.
I will post the tally here, but will not post the names.
mowsmows
parb,
we actually agree on something.
mowsmows
I think STOCKCHARTER owes us an explanation personally.
mowsmows
morning soldier hard.
mowsmows
My group will try and do our part.
mowsmows
boardmarks increased by three today.
mowsmows