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EXTO is about to take off. Chile -- you mean this week, right? Next Monday is August 1. Yes, the PR sequence should begin within a few days. Great opportunity to load up today and tomorrow at these prices. Then, watch it blow sky high!
Buy more, Quinn. You're moving the ask up single-handedly.
I'm looking for a double here (minimum) over the next two weeks.
Waiting for filings and the announcement of the combined assets of an estimated ten Bayport companies.
The current pps does not reflect any of the Bayport assets (seafood business, REE's, gold mining, etc.) which I believe are in the tens of millions of dollars.
Bayport Corp. = rocket in your pocket. PR's coming soon.
It's always a pleasure to speak directly with the CEO and Chairman of the Board, Lou Porter. I called him a couple of days ago to find out about the filings. I said I was wondering if it would take another month or so to get everything submitted and he said they were trying to get it all done within two weeks.
I knew he couldn't give out privileged information, so I simply asked which two operations were the biggest producers or potential sources of revenue and he said Rare Earth Elements and the Seafood operation. He added that all of Bayport's divisions are included in the merger agreement. He also said that some other mining deals worth millions have been presented to him since the announcement of the merger by companies wanting to go public.
I asked if they are following the pps of EXTO and he said it has no bearing on the future price, near term, of the stock once the info is out about the value of Bayport's holdings.
So, like you said, these prices of .0038 and .004 are soon to be history. Only a few more days remain to pick up shares at these prices.
Thanks. You'll need it. Please don't twist the truth. TIA
That is BS and you know it. The amount of $225,000 is sought from four companies, mainly Aquablue. Don't misrepresent the facts. See my last post for details (#91303). It may be litar who is buying these cheapies.
Lou is Jim's father.
The good news is that no order to cease trading was issued for AQUI. The headline of the announcement was "Penal Proceedings Against Aquablue." There is no mention of Aquagold Int'l. in the headline. That tells me AQUI has a minor role in the proceedings.
Of the 42 charges listed in the complaint, 32 were against Da Silva personally. There were seven charges in total that were made against four companies, AQUI being one of them. The announcement states that a total of $225,000 is sought from those four companies. Whether any money will be sought from AQUI, specifically, is not yet known to the public.
As I recall, another officer of AQUI was reported to have exposed da Silva for taking funds illegally from company coffers. It is possible that AQUI is joined to the list of defendants primarily to have its other officers give testimony against Da Silva.
This is not a legal opinion. It is just my own interpretation of the facts.
Lou Porter is a real jokester. Someone said he asked for money?
That was Lou's sense of humor. Yesterday, when I spoke to him, he said they are working hard to get the administrative paperwork done. He also said they will protect the interest of EXTO shareholders. "We're like Exlax," he said. "We work while you sleep."
"Its wholly-owned subsidiary, Cosmic American Rare Earth, Inc. (CARE), has secured a $50,000,000 Rare Earth IPO with Aegis Capital Corporation."
This, to me, is a significant indicator of the value of Bayport's assets. My question is "Will current shareholders of EXTO/BAYPORT
own shares of the spin off company "CARE" when it goes public?"
Aegis Capital Corp. is huge in the investment banking industry and in other financial services. If anyone can confirm that they are underwriting the IPO of Bayport's wholly-owned subsidiary, please let us know.
When EXTO bottoms out today, it will be a great buying opportunity before the next PR hits.
Referring to the retirement of 1.2B shares of common stock, EXTO explained:
"The board accepted the retirement of shares in order to position the Company for a number of acquisitions that can strengthen the Company and shareholder value. The Company presently has just under 541 million shares of common stock outstanding, with 479 million shares in the float."
It sounds like a portion of the retired shares could be reissued for the purpose of acquiring of Bayport.
"With this acquisition, Bayport Corporation has obtained the controlling interest in the company."
I'm not at all familiar with how the share structure changes in a RM. In this case, does Bayport acquire a controlling interest in the company by a transfer of ownership of the 2,000,000 preferred shares which have 1000:1 voting rights compared to common shares? Or will the private owners of Bayport be issued common shares that will equal 51% of all outstanding shares? Or is their controlling interest represented in some other way. Anybody know for sure? TIA
The boss said anyone with questions or comments should contact him via email at the corporate address.
I called the listed office number yesterday and the CEO's voicemail gave his cell number. When I called him on his cell phone, he said he was in Europe.
True, the PR lacked clarity. There were typos (50,0000) and contradictions (accounts in 26 countries or 35 countries).
I think Mr. Remo wants to get another PR out quickly to counteract any loss in credibility. ADHC is down 24.24% today,
but it should climb out of this hole over the next day or two.
I believe the fundamentals and the business plan are sound, so -- Time to buy, IMO.
For longs, this as a golden opportunity to buy in the .002's
again. Actually, $1M in annual revenues is nothing to sneeze at for a new company. The disappointment is due to posters who predicted a billion dollars in revenues. Otherwise, this would have been good news -- a pinksheet company with positive revenues and a 25% growth rate year over year. Lesson learned.
That's annual revenues of $1M. I just spoke very briefly to the CEO, Mr. Remo. He is in Europe and he said all questions should be sent to the corporate email address. He did answer that one question about the $1M in revenues, though. I was hoping it was monthly revenues but, no, he said annual.
I picked up 50,000 more shares today and I'm averaged in at .009. SWME -- fired up and ready to go!
Date of Record for Dividend Distribution is just a week away. Shareholders of EXTO as of June 15 will be eligible to receive a share dividend from EXTO's recently acquired subsidiary TACG. No distribution date has been announced. The plan is to spin off TACG which will apply to be listed on OTC:BB.
There is no telling when TACG shares will be delivered to EXTO shareholders. Hopefully, we will hear more about the distribution dates in the near future.
I would expect the Company to release more juicy news this week to encourage shareholders to hold onto their EXTO shares as long term investors.
Grabbed a few at .006. Will try for more cheapies tomorrow.
Off by a factor of 10.
1% of $6,000,000 equals $60,000.
Would sound realistic if EXTO shares were valued at .02,
for example, or higher.
I owned this in 2005, saw the chart yesterday and got back in today at .01-.012. Looking forward to a nice ride up. My thanks
to posters here for their valuable input.
The new IR team is doing good work. We should have a number
of PR's coming out over the next few weeks. Good for the pps.
Still, very thinly traded.
Looking forward to some good news. Still holding all my shares.
Agreed. If this begins to run soon, anything below .01 seems like a good entry point. I started getting back in at .0045.
Actually, I don't drink, smoke or take drugs, but I have been in touch with the Company and they said news is coming. What news? They didn't say.
If they announce they are being bought out for $.01 per share (or more), I will be a very happy camper.
If we haven't had a PR by then, I would say yes, the curtain has come down and the show is over. What I really expect, though, is
"business as usual" until a buyer comes along and swallows up AQUI and its huge contracts with China, probably a few years from now, after AQUI has proven to be profitable.
It's not that I don't trust the current management, but we sure had more transparency when Domingo was the CEO. Today we can get more information about AQUI by listening to crickets in the field than from official communiques issued by the Company.
For more, PM me.
Not going to happen. In the State of Nevada, where Aquagold International is registered, a company is deemed "in default" if it does not file its annual list of officers and pay the necessary fees by the filing deadline. If, after a second year, it still has not brought its account up to date, it enters a "revoked" status. The company then has an additional five years to request reinstatement. If, after a total of seven years, it has not sought to be reinstated, its license to do business in the State of Nevada is permanently revoked.
After its State business license has been permanently revoked, the Company can still apply for what is called "a revival" of its compliant status. There is no limit to the number of years during which this revival application can be filed. At no time does the
Office of the Secretary of State "shut down" the business in the sense of its dissolution.
In other words, the "default" status is no big deal. It can easily be cured, and they have at least one more year before
any further action is taken by the Nevada SOS.
The message of "business as usual" tells me the management of AQUI is still in place. We've known for a long time that they don't feel any special fiduciary obligation toward their shareholders and hence the blackout of nearly five months. As I was told, when there is news to report, they will issue a PR. At least we can expect a meaty update when the time comes.
Fair enough. It appears likely that we won't hear from AQUI until the end of the Shanghai Expo which is less than two months away.
At that time I hope our questions will be answered and AQUI will begin a new era of increased transparency.
I tried to get that info from St Leger, but everyone is so tight-lipped. It's not that I am free from doubt, but I have not seen any real evidence that is contrary to what I have heard from reliable (unnamed) sources.
Sorry, but there is no link. I assure you, though, I am not making this up. I've been trying to get something more concrete
like sales figures or pictures, but I am told the Company will release a PR when they have news to report. For now, it is "business as usual," and I hope we all hear something more definitive in the weeks and months ahead.
Who did you speak to at the law firm of Brinen and Associates?
I have been to their office and called them more than once. They would not tell me anything about AQUI. If you received an email from them, perhaps you could post it here.
Based on what I have been hearing, it is "business as usual" for the Company in the marketing and sale of Aquagold Canadian spring water, with no corporate litigation or personal bankruptcies taking place, as rumor here would have it.
That is correct. This dividend income must be reported on your 2010 tax return even if you do not receive a form 1099-DIV from Aurus.
Please provide a link for this misinformation.
.008 was the 2009 earnings per share of which 10% was set aside by the Board of Directors for a dividend distribution. Simple mathematics.
http://www.cnw.ca/fr/releases/archive/July2010/13/c3964.html
Sorry, guys, but I don't drink. The above is a link to an announcement of the court lifting the interdiction against Da Silva and Aquablue from engaging in commerce, dated July 13, 2010.
It reverses a decision of the court from early March of this year. This doesn't mean Da Silva will go unpunished, only that the business can continue to develop according to its plan under the supervision of the Bureau.
The only mention of Aquagold I have found in this case against Da Silva is that he once fired one of the Directors of Aquagold who discovered he had taken $400,000 from the Company's coffers for his personal use.
An interesting twist is that P. Taillefer had registered the name Aqua Bleu in Canada. He is also connected with another water supplier known as Trillium Water which had contacts in China in the early days.
I haven't seen any public notice or evidence of a breakdown between Devnet and Aquagold, but I have seen the Company black us out before for months on end. If anyone has heard anything from China, please post it here. If we don't hear any facts, shareholders are likely to leave the door open a crack and pray for a comeback.