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As I told a guy privately, I'm only stating my opinion, which is purely based on my experience. Maybe someone close to the company can call and ask. As I've said, all of the stocks I've had that have done a f/s, the shares have been restricted. Some are restricted for 6 months to a year (was reinformed this today). As an example, my EVFL stocks, just received a 1/1 f/s and all the shares are restricted for 6 months (minimum) and I was told this by the Investor Relations guy today.
GL
I have no doubt they will be restricted. Haven't seen anything that leads me to believe otherwise.
GL
If I sold even today, I'd make money. Truth is, I'm not really waiting for the f/s anymore, just the press release. When the price goes up, I may sell out, then buy more on the dump after. I'm not sure I want a bunch of restricted shares sitting around I cant do anything with. I have a couple already in my cache now that I have to wait 6 months to a year to do anything with. So, for now, I wait.....
As for AMNE, I think they are for real. Even though I have my concerns with lack of communication at this point, I'll wait.
GL
lol. and the FARCE is with them.
this stock will lose a lot of credibility with a r/s. i dont see this happening for a few reasons. 1) they've already increased their a/s. 2) they need sh's loyalty, with the current people onboard. they lose them, they have to rebuild a new foundation of investors who trust the company will act in their best interests; and finally 3) the stock would be burried in the macro-.000's and be there for a very long time, regardless of the pr's they'd release (burn me once...).
so i dont see this happening. if they EVER intend to break out of the pinksheets, and into the big leagues, they'll maintain their credibility
yeah, the force aint with this stock
I see we're trading again. INteresting. A few trades have gone through. I also read that Saner's now blaming the SEC, nothing's changed...he blames everyone. I see that a question was posted in this response, whether or not Lumb would care. He doesn't care, he's got his money.
GL...still trying to sell mine.
If you sell the company's shares that you in term own, whats the difference? More bolony if you ask me. Hate to sound negative, but really hate insulting pr's.
Ya know. If you all keep buying into this, I'll sell ya stock on a couple technologies. "In flight missle repair" and/or "underwater brain surgury." Going price is starting at .0001.
"In Good Faith." I dont believe anything these guys have to say....in good faith. They had to know all this and yet, another round of smoke n mirrors.
Cease & Desist Order, "not binding." Ok, but it still established a precedent against the company and doesn't address "why" its been issued.
I hope you all can get out of this. GL
Yeah, I just read about this...forget what they call it, but know the MM's borrow the shares, sell them off, then pay them when they "clear" a couple days later. We may see more of this and in many cases, its well known this causes a company to get control of their shares via r/s.
Again, I'm still relatively new at this area, but after looking into it, know it happens.
GL
ok, i'll give the devil his due (e.g. hglc), but hold on to my thought. this is a scam and am glad to see charges filed against people who will deliberately swindle people out of their money. i know this isn't to the "madoff level" as some would say in here, but think its the same principle. people put their trust (regardless of how naive we may be) in people and company's communication and information. i'm just glad to see the accountibility issue being addressed. sends a message.
glty
is there any indication they are operating off the shares (as its primary source of income)? personally, i dont think they are, i agree with peachman, they have a positive cash flow, just would like to see other's views.
cheers
ok, what would you call it? a company thats NEVER delivered on ANYTHING its pr'd and/or promised; a stock thats so diluted with 2 TRILLION shares at their disposal; name on person who's profited off this stock, that's bought it in the open market and now, consider all who have lost since the government has now suspended the stock. i'm so fed up over people defending this dud-scam that go right after someone else to prove it is, rather than look at the facts and see it is! (as scam).
ok, i'll ask you! why is the sec involved and taking action? why is this stock suspended? a "misunderstanding?" wrong! wrong! the pr's posted are no misunderstanding, they're deliberate. they are meant for people to pay cold cash for nothing....worthless paper.
i'm glad to see people are now going to be held accountable and the best (imo) is yet to come. a note directed at you (which i hate to do-go after people). the people here who've spent good money for a scam have been harmed ENOUGH! dont add insult to injury. these folks (me included) have been through enough with this stock.
glta
still waiting, was hoping to see something after hours. monday's ok..have a nice weekend.
i'm doing the same. my son in law's company is a major contractor for the military bases in alaska and for the oil industry. i also personally know the people with honeywell alaska, who has the hvac contract with all the military bases and have a meeting next week to propose a partnership in possibly a contract adendum to see if usace (us army corps of engineers) is approachable to consider a project to reduce energy costs with this infinate r insulation. been busy. gl
i see us dipping down into the .004's again today, but am buying in that range also. loading up.
Peachman. So lets talk about number 4. You know for sure FINRA has apprved the 5/1 split? Do we know when the record date will be set then?
how can we get off the split? it was either pay the div or do the split! as far as i'm concerned, do either/or, but dont let us out here hanging. we're coming up on july and the noise aint there.
i believe in this stock, but am tired of the lack of follow up communication. they owe us an explanation on this matter and quite frankly, i will NOT get off the split issue. i'm in this for the money and not the hype (like the rest of us). i'm a dedicated long, but want the short parts (like either the div or the split) to get into gear!
gl
story of this stock's life. i'm not a paid basher, but wish i knew how. when i squared off with the pro's, they cut me off. lol, glad they did. tired of taking a swing at a dead stock that i've written off since february-march. so now i make few trips to the clown-town stockboard and made very few posts now.
i think some of these guys are now trying to make a case for hglc being a "victem" which i'd never believe, by trying to educate us on the mm's and their habits.
i've done some things now that the sec is involved. i've contacted the alaska ag's office and have asked they suggest going after whatever the company's assets are, sell it off and give the $$$$ to the sh's evenly. if there's a profit...so be it. in the conversation, i doubt it will happen, these guys are well organized and know the ropes. if the title is set up properly, be very difficult to go after it, even worse, if sold via fireside, in the end, worthless. they can keep the pressure up on the sec to make sure the people involved get hammered.
gl
good call. bought a batch at .0045 and happy i did. ready to flip those if it goes to .006 again.
same here. was in the army in the late 70's 80's and got out in the 90's. tested all the new (at the time) communication equipment with the eggheads watching. got into discussions about salaries...unreal...but good for them. our tax money at work!...they didn't lift a finger...we did all the labor.
I think so also and the USACE (US Army Corps of Engineers) has been looking at spending some big money in several regions (mostly river regions) to remediate. They've spent huge money in these studies and the eggheads (PhD types) studying this stuff. For once, I'd like to see a report from a study thats direct and simple for a remediation project.
Yeah, and I've seen them as good buy points also setting my buy rate between .0035 and .006 for me long and short. My method (to my madness) is to have a 4-1 ratio of long-short. For every 4 shares, 1 will be a flip (for this stock-some I do as much as 35%).
In the end, my position is reinforced and the shorts literally pay off the longs (which truy makes it a long) at pure profit.
now that you mention it, all but 2 of mine are red. PINR (which I flipped at .0015 for a 300% profit) and EVFL, which is up 50% after the bloodbath yesterday. so i agree, this is interesting observation.
i think it'll rebound by the end of the week. we'll see. gl
if it does, i'll be on it like a duck on a junebug. then flip it at the current price. be a nice unemployment bonus. glta
Awesome news and many thanks for the good post!
Peach, just wondering why there's a holdup? What would bog FINRA down to hold up a transaction like this? I dont think if anyone calls, FINRA would release this information, so I think the company should tell us whats happening and keep the transaction a little more transparent. I've been juggling to double my position this week, but am in a hold pattern because of the transaction issue.
Not happy about the lack of communication, butlike you am holding in good faith. Looking forward to seeing this transpire, but think there's more than what the company's released so far holding this up IMO.
GL
I agree. The State of Alaska AG's office says "actions are pending" and that "they are quite aware of this "operation," that the SEC is working with authorities internationally."
As said before, contact your State's AG and file a complaint.
I also spoke to Dima in Uzbek again last night. He says he did as I suggested and went to both Consulates and filed complaints. Since this is a formal action from a foriegn official, I think this energized the effort (or at least put some ooomph into it).
The SEC's not going to be able to let these guys off the hook IMO. They will need to file a formal letter to the Uzbek authorities telling them exactly what actions were taken.
I see a law suit was (allegedly) filed. Interesting, I dont find it in the legal review system or the official legal newswire. Trust me when I say that a $157M lawsuit would be under serious legal review and watched very closely. E.g. this aint happening. Good luck
This is complete bolony from the word go.
More crap! If you read the first sentence, you understand their bolony. A professional organization that WANTS TO GET BUSINESS GOING, gets this done in 2-3 weeks TOPS!
I get core sample results done from our field labs done in a day, then off to the 3rd party lab....like I said, 2-3 weeks!
Get real.
What a piece of junk!
I'm sure it'll get posted in here long before the 15th. Thanks
Unreal. I see we're now waiting until July 15th. Why? Now I feel strung along. Cant believe we're waiting a month to hear "answers to sh's questions."
C'mon Jared, be specific....what questions are you prepared to answer? No wonder this stock's tanking....its a good thing to be up front and all, but to make us wait another month?
Cant believe it.
do we know when this will be released?
Looking at this, it does make some sense. In all the compoany's still in the buyout process and I firmly believe this. I can see the price is now going down again, which for the longs, should be a great benefit. I'm waiting for my deposit to hit (Monday) and will be buying in huge chunks based on this belief. It'd be foolish not to.
Cheers,
Ok, so add to the speculation. What do we believe the price will be, since I believe 4 things on the additional 3Bn shares:
1) the buyer's been buying on the open market
2) Jared has a price in mind for himself and his other execs.
My gut tells me its the same or near the first offer at .10. Looking back, this could go as high as .25, but not more (considering at 5Bn shares= $1.25 Bn), which brings me to consider a 3rd:
3) The additional 3Bn will be at a reduced price, since their not on the open market. I think the complete deal will not exceed $750M.
4) I think the buyer's going to start selling shares and part of these shares may be offered to the existing SH's (possibly share swap).
JMOS (just my own speculation)
that would make sense if both offers were rejected and by virtue of the second bidder, the first bidder readdressed and revised its bid. then the additional 3 B shares makes sense. But does he get paid for them if they're not O/S? Your thoughts?
wow! see what happens when you travel? i just put mine on the block....well, i wrote them off long ago. i'll be sending this to london. lets see if mr l-word gets another chance.
with all the complaints to the sec, the ag's and to the otc-pinksheets, its no wonder they acted on this one. sorry it took so long.
i've seen some think this isn't over. let me tell ya, these guys are known for running, ducking and all that.
i guess now we know what happened to the reorg. personally, i spoke with a friend of mine in london. he said he thinks this "reorg" would be to shuffle hglc and st james shares and company-property ownership back to london.
there's a lot of information out there (even online) where this has been done and people duped (again) into thinking the same thing ("it's not over"). impo, this is over!
what i'd suggest is that the sh's work together, puch the sec and the ag's into seizing all hglc assets, have them auctioned off and the money split to the sh's (aka victems). i know this is a stretch, but also know this has been done before.
glta
happy for you my friend. gl.