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That was the day JMJ dumped their converted shares, I believe. We didn't find out until later, though. I will have to double check the dates, but I am almost positive that was it. JMJ was the fight MINE had, and they weren't able to come to terms, so the shares had to be transferred. *sorry for the late response, got a call in the middle of typing.
Looking for the buys hitting into close again.
I am confused as to what you are trying to say here. I am not dumping anything, if that is your suggestion.
There is some excellent news coming. Amazed at the opposite performance of stock price. Do we have more dilution running? He did say he had to increase A/S, right? Any ideas how much?
Looks like some decent attempts to drop her out of the gate, here.
Good to hear. :)
Cbux, silk, and chrion all move on from this?
Oh yes. Loving that they finally got it launched. Been holding this one for quite some time now. Excellent time for launch, right before July 4th. I am also betting that people that love vitamin water will assume that this is the same company and will buy just because of the assumed connection. If this goes big, I think we are looking at .06-.09 by end of summer. Maybe even by end of July, if it goes very well.
Hey ladies and gents! Sorry, I have been offline a bit. Had some serious issues with my son, that I needed to handle, and I started school again. Looks like we are still rather slow here, but the price isn't horrible. What's the latest from the company? Anybody speak to them?
Wow, look at that volume. 10% of o/s in one hour.
Another positive number to add to the system. Even if it is a paint, it helps a little. The more important detail is that there are no sellers today.
Oh wow, slow day here. It being up even 4% for a few hours with this low of volume is a good sign, though. Looks like that organic traction that everybody has wanted might be setting in. The customary 500k - 1 mm share ask isn't there anymore. So this could mean many things: the company or financier(s) is done diluting (I will email and check share structure again in a second); whoever front loaded this hard is done dumping; whoever wanted to shake free shares finally loaded up on the cheapest they think they can get; MM's are done covering naked shorts and are ready to let this breathe again. Point being - in any way this is usually a positive sign, at the very least for short term. As long as their is no more share dump by other traders or company dilution to come, we could actually see that .03 mark everybody has been raving about. Hell, even the .02 mark would be good to see from here.
He meant million. Nobody cares if there is 200,000 shares that shorts need to cover. That is a very insignificant amount, and wouldn't be used in the context he did. That message ended up deleted, anyway.
Yeah, I imagine little guys like Parilla aren't very big dollar signs, in terms of fines, so there would be no reason to really pursue. Too much money to get every little guy, I suppose. We shall just see how it unfolds.
Not all of Tom's shares were restricted. Only some of them. I would bet that he did sell some. His whole response - classic bluff. If you sue for allegations that he has not provided verifiable evidence to the contrary, he has no grounds for any counter suit. He has already been shut down by the SEC, and hasn't published much to state whether or not he is guilty. I am not crying wolf, but failure after failure to deliver on any news sounds like he is in line for a law suit. Not trying to paint him as the bad guy - he has already done that to himself.
As far as naked shorting goes - I sincerely doubt there was ever a 200 M naked short position out. There was only 200k going into June in short interest. I am not sure how you believe there is a 200 M share naked short position, currently. MM's aren't even posting quotes anymore, and have no current obligation to assist in liquidity.
The only way this situation gets fixed is if Tom gets the paperwork in to reestablish this at least on the pinks. Or actually delivers on any - pick one - of his promises. Anybody get the cards, shares of CSDT, or anything at all? This isn't even bashing. This is just statement of fact. I still own shares. I am glad I didn't lose a ton, but it isn't even worth me selling it now, on that random off chance he is being genuine.
I figured that could be forthcoming soon, with the BS about CSDT shares. Nobody got those, right? Will he get in further trouble now, or no, since the company can't have price quotes anyways?
He is out of the country? Where did he go?
From the company, yes. A civil suit going after him, personally, for fraud and damages would be different. All cash made from sale of securities, under false pretenses, can be made recoverable.
You sure can eat the damned turnip, though. Haha. I wonder if he has all of his shares or if those were dumped. Because if they were dumped, you can go after that money.
So when's the class action law suit start? Surprised none of the heavier hitters, that lost a bunch, hasn't started one yet.
Are we getting the video on the website? Is it AGCZ's or NWGC's?
This was expected. Easy walk down to spot on L2's. A few profit takers, but nothing tremendous. Back up to 42% naked short numbers yesterday, too. Just need to fill the gap a bit.
Hey, Cbux, have you spoken to the CEO about what assets fall under which ownership (between AGCZ and NWGC). I know NWGC owns 54% of AGCZ, and also AGCZ owns/ed 23% of NWGC, but wondering who owns what exactly. That way we could get a better valuation for both of the companies, actually. They have the same contact phone, though. Any chance they are just going to merge? Make all of this much easier to have both companies under one full umbrella.
Hey guys. Sorry I have been quiet. Summer semester starts today. God I feel old going in with kids. Looking like we are moving for regaining our gains. I think the short action is off this finally.
Agreed. I would like to know the full source of this debt, and how much is left. I know they would have had to use a good chunk of profits on updates and the new mill, but they should have figured out an arrangement or extension, instead of just passing it on to shareholders. I am hoping all necessary shares have now been issued and sold, but who knows? It does explain a lot of how this stock has been acting, though. Unless the front runners on this stock are that stupid, that they can't figure out how to trade it up instead of stalling gains for everyone. I still think we should recover. The BS just has to stop.
Especially when claiming high Net Profit, not just revenues. With their current claims, their net should be around $15 M annual, even before adding the new mill. How do they have such high quarterly profit and still need more money? Very curious.
The CEO is my main concern here, along with wondering just how much they owe Roy Meadows? They have been issuing him millions of shares, and I can't seem to find the reason or debt behind it. With such a spike in volume and good news, we should be higher. If nobody else is selling a whole lot (company included), then he is probably the reason.
Personally, I am not a big marketing guy, and am not fully convinced mining and processing companies need a whole lot in advertisement. I do understand the hesitancy that comes into play, when considering it is still a representation of the company.
Now I am only getting the answering machine. Is everybody still trying to call them?
100 M shares since April.
That is great, but now we have a reason why this stock can't rise. Diluting and early buyers selling into the news caused over exaggeration in price reaction. I am going to call the company and see when they are going to be done selling, and why they have had to. If their 2nd Q increased rev/profits, then they should have been able to pay for the new mill with cash. Where is the rest of the money going? They better have some large asset acquisition coming down to justify it, IMO. Some ugly price action for what they are supposed to be valued at. Need some more transparency here.
O/S now 627 M, float is 559 M shares. Very large changes since 1Q.
Even if other people have moved on, it doesn't change that NWGC appears to be a solidly undervalued company. Very shitty of them to pump, and then screw people by selling tons in the news and stacking the ask more than they support the bid, if that is what they did. Sad to see such a solid company get manipulated, and have the price burned down to steal away confidence.
Bux, Silk, Big, you guys still here???
What's a new low?
With new mill profits set on track to pull in over $16 M net profit per year, this thing should be over 10 times it's current price.
This stock could use a shove, just because it is so drastically undervalued. Personally, after recent news, I would have thought the price should have been opened higher by MM's, but they didn't do that since they were so heavily short. Looked more like they wanted to drop the price. I need to start saving files of the L2 data and trading patterns to report.
If new mill brings $2 M a year net profit, at 60 tonnes per day, then their 500 ton capacity would produce $16.6 M per year in net profits. Then add whatever money they bring in from their own gold mines. Not really much fluff here...
Net is used to refer to profit. Not just revenue. That would be referred to as gross. So, even better. :)
Then call Andes, and see what they say. NWGC isn't using anything fake if they own 54% of the company that they are posting photos from. I doubt you called 100 times. I did speak with somebody, though. I will call back and get her name.
You are wrong. Andes is their subsidiary that they own 54% of. They have most mining with andes and the mills are NWGC. I called that number, and spoke to lady with a hispanic accent, actually. Scambuster is wrong.
That's good. Sleep is important.