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Some nice accumulation occurred today!
LOL...
Last time I checked, dumping took the pps down not up! Considering that a large percentage of personal investors use ERTF, to me, it just looks like we are seeing new investors.
I see ERTF now on the Bid and Ask!
Tons of shares??? Really??? If you look, you will find that VERT only sold 3,911,292 shares in the entire month of Aug. I believe that shows that VERT hasn't and isn't diluting.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=GDSM&SortBy=volume&Month=8-1-2012&IMAGE1.x=9&IMAGE1.y=7
Nice consolidation taking place!! Go GDSM!!!
Now you're contradicting yourself. Either you beleive VERT is dumping or you don't. Which is it???
YES and I see VERT sitting on the ASK - more dumping - GDSM going to be out of shares to dump very soon!
Considering the fact that VERT only sold 3,911,292 shares last month, I would say that they aren't really "dumping" much of anything. Lol...
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=GDSM&SortBy=volume&Month=8-1-2012&IMAGE1.x=9&IMAGE1.y=7
We have some new charts up in the I-box! I tried to include most of the picks that are currently green.
Good Morning $B_rich$!!!
I think they will close even.
LOL...
Wow! Over 50% of the give it your best shot picks are in the green! 18 of the 30 picks are either up or even! Looking Good!
Nice! What I like from the Quarterly is that the Operating Expenses were a mere $5,109. It's also great to see that GDSM settled debt in the amount of $250,000. I believe that demonstrates that the shares which were issued were put to good use!
GDSM obviously feels that their money and efforts will be able to bring the Azurite into production more quickly than the Gold Star.
I think it would be beneficial for them to focus their efforts on the mine that they think can be placed into production more quickly; thus, I believe they are going about this the correct way.
I disagree with you on your thought that this is currently a pump and dump. With the sparse PRs, there is no pump involved. A true pump and dump company will release PRs at least 1-2 times a week. That isn't the case with GDSM.
That's what I thought. Thanks for the clarification!
I'm sure they will release everything when the time is right for them. Personally, I think they have entirely turned their efforts to the Azurite claim for the time being. If they see it as a more profitable endeavor, I would hope that they would transition their efforts to the Azurite. I think they are going about this in the right way.
All good things take time...
I'm sure they have additional information that will be released to investors in good time. They still haven't released the funding information, yet we know that they paid the initial $50K to reserve the rights. I think we will see quite a bit of additional information released over the next couple months. With the pps being as cheap as it has been here lately, I definitely think the risk is worth the reward!
JMHO
The paperwork for these companies to complete is never ending! I don't know how they keep everything straight.
Please fill us in once you do. I'm very curious as to why it was added. I can't figure this one out for some reason.
I thought they were still OTCQB today. I didn't see them downgraded. I only saw the addition of an E.
I would have to go with, yes there is gold in the ground. That was even reported back in the day when mining engineers didn't exist. Since they found gold at this location in the 1900s and mined a decent amount, I would have to say that there is still gold present. A mining engineer has nothing to do with if there is gold in that location or not.
Just a wee bit buddy... I'm glad it didn't change to SARGE as well.
If someone says the same thing 365 days of the year, they might get lucky and be right occasionally, but today was not that lucky day. No news... Lol...
Tomorrow that will have to be GO SIRGE!
Tomorrow SIRG will open as SIRGE. They're currently missing a SAS Review. Look under SYMBOL CHANGES at the website below.
All Security Symbols appended with an "E" will be ineligible for quotation and subject to removal from the OTCBB in 30 calendar days (60 days if denoted with a plus sign "+") if FINRA does not receive information indicating that the company is current in its public reporting obligations pursuant to Rule 6530
I have also called the company a few times, and I haven't received a single call back. It makes me wonder how some of these investors are so confident in the CEO when he won't take a phone call or even return a call.
Maybe we just aren't "special" enough to get a reply???
There is a huge difference between a typical penny stock investor and a "Long Term Investor". Most investors in this market don't hold these stocks long. If they don't run in the short term, many individuals cut their losses and dump their shares.
With SIRG, there are most likely some "longs" that are simply bag holders. With no substantial volume and no bid support, it can be difficult to dump your shares without taking a major loss. Yes, I know you are going to say that these people entered at the bottom, and I think that is total BS. Many of the investors are just hoping that SIRG goes up so they can break even IMO.
No, I don't expect documentation to prove that "longs" hold those shares. The point is that it's a baseless assumption to say such a thing. It is right up there with saying that 70M shares are held by insiders and longs. Where did that number come from? If the answer is "J. Rod told me", I don't think it can be given any credibility.
Can you provide documentation to prove this??
all those shares are being held by SIRG longs
Exactly!! Nothing is a given with these stocks. Statements like funding will be released when permits are approved should not be looked at as "fact". They should be looked at as an individual's opinion.
All penny stocks are speculative
The key word there is can. That is dependent on funding, which has not been announced and may very well not exist. Thus, to assume it exists would be speculation. Until we have all of the information available to us, we can only make assumptions on if they have funding.
speculation definition:
guess: a message expressing an opinion based on incomplete evidence.
the mine can be put into operation
If it has not been announced, it is purely speculative to state that the funding is contingent on permit approval.
SIRG does not need one year notes as they will be paid off with funding when the permits are approved.
The problem with that chart is that it doesn't properly display the dilution by Asher. This one shows the dilution accurately. Massive dilution from January 2011 through August 2011 and again from September 2011 through February 2012. The SIRG pps suffered greatly, and it will again if they begin to dilute!
No Dilution = No Movement
My chart is telling me that the SIRG pps movement will be directly proportional to the amount of shares Asher dilutes.
There are some investors that can't ever admit they're wrong, and they take a hostile stance on pretty much everything. If a truce could be made, I would follow it. I think both of these stocks could do really well if we had people from both boards talking about some of the positives instead of only the negatives.
Unless it can be verified, it is not considered "real documentation". If you can provide a link for investors to verify the document, then I would consider it to be "real".
only real documentation
The terms of the notes clearly state that they can convert as early as 180 days after the note is issued. That means they can convert any day now. Let's think about this. Even if Asher thought SIRG would have funding, they would still likely convert their notes because they can make more money off of the shares.
The holder of shall have the right from time to time, and at any time during the period beginning on the date which is
one hundred eighty (180) days following the date of the Convertible Promissory Note and ending on the later of: (i) the
Maturity Date and (ii) the date of payment of the Default Amount, to convert all or any part of the outstanding and
unpaid principal amount of this Convertible Note into shares of the Company’s Common Stock at a conversion price
representing a discount rate of 42% of the then going Market Price which shall be defined as the average of the lowest
three (3) Trading Prices for the Company’s Common Stock during the ten (10) Trading Day period ending one Trading
Day prior to the date the Conversion Notice is sent by the holder of this Convertible Note to the Company.
This is not a guarantee! If funding was contingent on permits, they likely would have announced it by now, and it wouldn't still be SPECULATION!
funding when the permits are approved
They did dilute in the past, and they ran the PPS down substantially. However, that still doesn't account for the two Asher notes that can be converted any day now.
The first note with interest was at $38,922 as of the end of Q2. If they converted that note this month, they would have received ~19.7M shares. If they converted it last month, they would have received ~59M shares. I'm sure that Asher only converts enough shares at a time to stay below 20M or 5%. That's how they avoid having to file with the SEC.
Lowest 3 trading prices of this month, 0.0044, 0.0045 and 0.0045.
0.00447 x 42% = 0.002
$38,922 / 0.002 = 19,717,325
Lowest 3 trading prices of last month, 0.0015, 0.0015 & 0.0017.
0.00157 x 42% = 0.00065
$38,922 / 0.00065 = 59,151,975
Thus, the problem of dilution has yet to be resolved.
The Company entered into a Convertible Promissory Note with Asher Enterprises Inc. on January 13, 2012 in the amount of $37,500. The note has an interest rate of 8% with the maturity date of January 7, 2013.