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Oops! I forgot to include the important part of the instruction.
1. Mining companies in the exploration stage should not refer to themselves as development stage companies in the financial statements
I will have some more obsevations and questions later. There's a whole lot more of the guidelines that were left out.
Again, you have to ask him. The source was identified. I provided a link to him and his comments. If you think he just took my word for it and did no DD of his own, you should confirm that with him on the Mining Company Research Board. I can quote him but I cannot speak for him.
When I asked if I could quote him he replied, "Sure, you can do that if you like. Providing research on mining and exploration companies is the purpose of the board. Even if people don't care for that brand of truth."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76158646
He did NOT say he didn't know about RRHI. He said he doesn't "follow" RRHI..... He doen't post on this board. I don't believe that means he knows nothing about RRHI and didn't verify the information I provided. You must contact him yourself to find out.
Hmmmm...... It seems some major portions of the guidelines were left out of that post. I urge all readers who are doing DD NOT to rely on partial quotes, but to read the complete IG 7, here....
http://www.cim.org/standards/documents/Block474_Doc32.pdf
First off, in Definitions....
(4)(i) Exploration Stage includes all issuers engaged in the search for mineral deposit (reserves) which are not in either the development or production stage.
(ii) Development Stage includes all issuers engaged in the preparation of an established commercially minable deposit (reserves) for its extraction which are not in the production stage.
(iii) Production Stage includes all issuers engaged in the exploitation of a mineral deposit (reserve).
To be considered a Development Stage company, they must be "engaged in the preparation of an established commercially minable deposit (reserves) for its extraction..."
The extent of their reported mining activities is a "plan" to begin gravity mapping and a drilling program. They are most certainly not in the Production Stage. That makes them an Exploration Stage company.
The source was identified. I provided a link to him and his comments. If you think he just took my word for it and did no DD of his own, you should confirm that with him on the Mining Company Research Board. I can quote him but I cannot speak for him.
When I asked if I could quote him he replied, "Sure, you can do that if you like. Providing research on mining and exploration companies is the purpose of the board. Even if people don't care for that brand of truth."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76158646
It means you should ask the person in question regarding information that he may or may not wish to share. This is not the appropriate forum for that topic.
He gave me his opinion on RRHI and I asked for and received his permission to quote him.
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Hmmmmmm.... "tremendous opportuniity", "on the verge of a major breakout!!!"
Perhaps if they knew those "facts" on the Mining Company Research Board, they might be convinced that their research on RRHI is all wrong. { 8^D
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76034598
Yeah, the same thing happened on the RRHI board in early May. The pump pretty much fizzled and those posters disappeared from the board.
Nothing like setting a new 52 week low right after a paid pump campaign to make 'em lose interest.
According to an impartial observer on the Mining Company Research Board......
I don't follow RRHI, but everything you posted about it is a huge red flag. The unusual company structure and the recent entry into the resource industry with management without resource experience is quite worrisome. Plus, legitimate companies don't use fake photos and intentionally obscure management's background.
What is especially questionable is claiming reserves without the legal requirements to do so. They cannot legally call anything a "reserve" without a bankable feasibility study proving any mineralization is present AND can be extracted legally and economically. I see no bankable feasibility study here, especially if they are basing the "reserves" on a handful of almost 50-year old holes. If management doesn't understand the legal requirements of a reserve, they have absolutely no business running a public resource company. And, if they do understand the legal regulations and are still making these claims, they are clearly not qualified to run a public company for very obvious reasons.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76034598
1manband has no axe to grind. I'm not sure he even knew about RRHI until I asked his opinion.
Thanks, I just didn't want to open up a can of worms for you without your permissin. That is probably no longer a concern as it appears as if the nastier ones have lost inerest or had their accounts sanctioned.
Have a great day and a better weekend.
Well they certainly need to raise cash. I think they hoped that by hiring paid pumpers they could boost the stock price enough to generate some interest in the stock and possibly effect another private placement. It looks as if all they succeded in doing is wasting their cash.
According to the company, "There is no guarantee that we will be able to raise enough capital or generate revenues to sustain our operations. These conditions raise substantial doubt about our ability to continue as a going concern within the next 12 months."
I refer you to SEC INDUSTRY GUIDE 7. This Guide contains the SEC’s basic mining disclosure policy. The definitions and disclosure instructions contained in this Guide apply to ALL public mining entities and their public disclosures pursuant to the rules of Regulation S-K.
http://www.cim.org/standards/documents/Block474_Doc32.pdf
Another resource for questions you may have:
DD Support Board and Fraud Research Team -
http://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
The "Mineral Oil King of Wal-Mart" strikes again!
It appears that RRHI is not in compliance with SEC Industry Guidelines for Issuers Engaged or to Be Engaged in Significant Mining Operations. Yup, looking more and more like no one knows what they're doing.
If management doesn't understand the SEC guidelines, they they are clearly not qualified to run a public mining company. If they do understand the guidelines and are just ignoring them, they have absolutely no business running a public company for very obvious reasons.
I was curious over the discrepancies between the PRs and the 8-Ks (or lack of) so I am reading about the legal requirements and restrictions on mineral resource classification and mining companies. The more I find out, the more suspect this operation becomes.
What I provided "implies" nothing. It is merely a set of facts to be considered. The conclusions you come to are your own.
I will put together a more comprehensive discussion on the subject of feasibility studies and reserve estimation if you really wish.
As far as "nothing to announce" goes, do you think they are holding out on investors? To what purpose? I believe they are required to issue an 8-K within 5 days of a material event. The absence of an 8-K would seem to rule out the recent past announcements as material events.
Thanks again. You have a good one too.
Thank you, ElisComing......
You have saved me much time searching. I look forward to reading those pdfs tonight. Looks like some good information.
1manband, I've done some reading on bankable feasibility studies and would like to thank you for pointing me in that direction. I still don't know all the legal requirements of a "proven reserve". I would greatly appreciate if you or someone else could point me to a good reference.
Thanks again.
It seems they have nothing to announce beyond more fluff PRs and paid pumps. So far, the results of both have been less than spectacular, pretty poor in fact. Possibly more than $20,000 spent on email, twitter and facebook pump campaigns and nothing much to show for it.
Gravity mapping and all the rest is just fluff. Until a formal feasibility study is completed and published, it's all just pie in the sky.
A formal feasibility study requires application of Society of Mining Engineers (“SME”) standards, actual vendor quotations for the capital and operating cost parameters, and detailed analysis of the testing and engineering. Such a study will often provide a reliability of +/- 10 to 20%. Simply put, the feasibility study is a formal technical report that is used by the company to determine whether the proposed project is capable of being developed at a sufficient return to justify the capital and managerial resources that must be committed to the project.
References:
INDEPENDENT MINING CONSULTANTS, INC., OUTLINE FOR FEASIBILITY STUDIES (1993)
PINCOCK ALLEN & HOLT, INFORMATION BULLETIN 2000-1, (2000) (explaining what full feasibility study encompasses).
Importantly, the various deal documents may add additional qualifiers to the "feasibility" term, including bankable" feasibility study, "positive" feasibility study, or even "positive bankable" feasibility study. Generally, the "positive" feasibility study is one that recommends development of the mine under the basic assumptions and base case financial parameters used in the study.
As someone else pointed out to me, they cannot legally call anything a "reserve" without a positive bankable feasibility study proving any mineralization is present AND can be extracted legally and economically. We see no bankable feasibility study here, especially if they are basing the "reserves" on just a handful (5) of almost 50-year old holes.
If management doesn't understand the legal requirements of a reserve, they they are clearly not qualified to run a public resource company. If they do understand the legal regulations and are still making these claims, have absolutely no business running a public company for very obvious reasons.
Thanks 1manband. I'm not an expert in the legality of "reserves", bankable or otherwise, but I have enough knowledge of mining operations to be highly skeptical of their claims.
Is it OK if I quote you and provide a link to your post here? If I do, you are likely to get an argumentative visitor or two.
What do you mean, "amateurs"? There's a guy using the ID Warrior of Wisdom on iHub and other boards and "enlightened" on Agoracon, who says the CEO, Alf Pietrangelo, is known as "The Mineral King of Wall Street"! { 8^D
How could a guy with such credentials be an amateur? LOL!
It does sometimes seem as if the operation is being run by Don Knotts and Tim Conway.
Well, happy hour's about over. Thanks for letting me post to your board.
"Assays don't come cheap."
Neither does mining equipment. As of the last report there is NO mining equipment on the balance sheet. It appears that selling a "story" is more important to this company than actual mining operations.
Just popped in while I stopped to eat and take advantage of "happy hour". I may check in now and then when I am near a hot spot.
Wishing all a great Memorial Day weekend.
BEWARE!!!! PAID PUMPERS AT WORK!
Imcat on the Mining Company Research Board suggested I post this over here....
The flurry of recent RRHI "news" was the work of paid pumpers. At least 3 companies have been paid to hype RRHI via the internet, email, facebook and twitter.
GreatStockAlerts was paid $5000 for its part in the campaign (email, twitter, facebook).....
Compensation Disclosure
"GreatStockAlerts.com, provides readers with information regarding
publicly traded companies that have retained GreatStockAlerts.com to
provide advertising, news and public relations. GreatStockAlerts.com
receives compensation from the companies in the form of cash and/or
securities in the companies. Compensation in the form of securities in
such companies may be viewed as a potential conflict of interest. It is
the practice of GreatStockAlerts.com to sell all securities received as
compensation upon the expiration of the applicable holding period set
forth in Rule 144 under the Securities Act of 1933 (“Rule 144?),
notwithstanding the fact that GreatStockAlerts.com may be advertising or
distributing materials on such securities and their issuers at the time
of the sale of such securities. If GSA is compensated for a particular
article or newsletter the compensation will be mentioned in the
disclaimer under the newsletter and or article. GreatStockAlerts.com has
been compensated five thousand for this email and other marketing
services."
InvestorIdeas was paid $1000 for an email campaign.....
"Disclosure: Investorideas.com was paid one thousand for news publishing and distribution through its newswire and partner sites in addition to email."
Additionally, BullQuake Marketing was paid at least $5000 and perhaps $15,000 or more for its part. Tucked away in its disclosure for each of three emails is this.....
"BullQuake has been compensated five thousand dollars by Raptor Resources Holdings for distribution of this email and other marketing services."
Is it over??? Probably not.
------------------------------------------------------
Some excuse these paid promotions as "just marketing"
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=tm&bn=48143&tid=32842&mid=32843&tof=4&frt=2
Are they really "just marketing"?
Penny stock pump and dumps are on the rise. You may have seen them in your e-mail, a free penny stock newsletter, or chat room - the next "hot" penny stocks that are going to make everyone rich.
George Samragdis, a spokesman for the Financial Industry Regulatory Authority, or FINRA, which polices U.S. brokerage firms, states that, "Information technology allows con artists to reach victims more easily." Using tactics such as false urgency, *****fake credentials, and unrealistic experience*****, they cast dubious penny stocks in a much too positive light, which encourages unsuspecting investors to buy shares.
Penny stocks being used for pump and dumps are chosen because they are almost worthless to begin with. It is easy to manipulate the prices of their shares by misrepresenting that penny stocks' prospects. The more they lie to you, the more unsuspecting investors buy in, and the more money these penny stock pump and dump artists in make off of worthless penny stocks.
According to the S.E.C., a pump and dump generally starts with a promoter purchasing a huge amount of shares in some penny stock on it's last legs, for a very low price (RRHI has 990 million shares authorized, Mabwe Minerals will start with 500 million).
Then they will pepper the Internet with e-mails, and free newsletters about the penny stock in question. As this generates more buying from unsuspecting investors, those penny stocks begin to climb. Once the penny stock pump and dump artists have enough profits, and they move on to their next worthless penny stock. At that point without ongoing efforts of the promoter, which could be a matter of days or months later, the penny stock sees it's shares collapse, taking all investors with it.
In many cases, what looks like a legitimate penny stock report is actually a paid advertisement, which can be seen in their lengthy, fine-print disclaimers.
When asked how these penny stock promoters get away with it, one analyst and author explains that the S.E.C. requirements about penny stock promotion aren't strict enough, nor are they appropriately policed. He asserts that these promoters should remember that, "just because they aren't getting stopped doesn't mean that it's right."
"Some people forget their ethics and try to ride along with the penny stock pump. They need to remember that every dollar they made riding along with the penny stock promotion is a dollar taken out of another person's pocket - usually a naive but trusting penny stock investor, or an old lady who is desperate in this economy."
BEWARE!!!! PAID PUMPERS AT WORK!
Imcat on the Mining Company Research Board suggested I post this over here....
The flurry of recent RRHI "news" was the work of paid pumpers. At least 3 companies have been paid to hype RRHI via the internet, email, facebook and twitter.
GreatStockAlerts was paid $5000 for its part in the campaign (email, twitter, facebook).....
Compensation Disclosure
"GreatStockAlerts.com, provides readers with information regarding
publicly traded companies that have retained GreatStockAlerts.com to
provide advertising, news and public relations. GreatStockAlerts.com
receives compensation from the companies in the form of cash and/or
securities in the companies. Compensation in the form of securities in
such companies may be viewed as a potential conflict of interest. It is
the practice of GreatStockAlerts.com to sell all securities received as
compensation upon the expiration of the applicable holding period set
forth in Rule 144 under the Securities Act of 1933 (“Rule 144?),
notwithstanding the fact that GreatStockAlerts.com may be advertising or
distributing materials on such securities and their issuers at the time
of the sale of such securities. If GSA is compensated for a particular
article or newsletter the compensation will be mentioned in the
disclaimer under the newsletter and or article. GreatStockAlerts.com has
been compensated five thousand for this email and other marketing
services."
InvestorIdeas was paid $1000 for an email campaign.....
"Disclosure: Investorideas.com was paid one thousand for news publishing and distribution through its newswire and partner sites in addition to email."
Additionally, BullQuake Marketing was paid at least $5000 and perhaps $15,000 or more for its part. Tucked away in its disclosure for each of three emails is this.....
"BullQuake has been compensated five thousand dollars by Raptor Resources Holdings for distribution of this email and other marketing services."
Is it over??? Probably not.
------------------------------------------------------
Some excuse these paid promotions as "just marketing"
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=tm&bn=48143&tid=32842&mid=32843&tof=4&frt=2
Are they really "just marketing"?
Penny stock pump and dumps are on the rise. You may have seen them in your e-mail, a free penny stock newsletter, or chat room - the next "hot" penny stocks that are going to make everyone rich.
George Samragdis, a spokesman for the Financial Industry Regulatory Authority, or FINRA, which polices U.S. brokerage firms, states that, "Information technology allows con artists to reach victims more easily." Using tactics such as false urgency, *****fake credentials, and unrealistic experience*****, they cast dubious penny stocks in a much too positive light, which encourages unsuspecting investors to buy shares.
Penny stocks being used for pump and dumps are chosen because they are almost worthless to begin with. It is easy to manipulate the prices of their shares by misrepresenting that penny stocks' prospects. The more they lie to you, the more unsuspecting investors buy in, and the more money these penny stock pump and dump artists in make off of worthless penny stocks.
According to the S.E.C., a pump and dump generally starts with a promoter purchasing a huge amount of shares in some penny stock on it's last legs, for a very low price (RRHI has 990 million shares authorized, Mabwe Minerals will start with 500 million).
Then they will pepper the Internet with e-mails, and free newsletters about the penny stock in question. As this generates more buying from unsuspecting investors, those penny stocks begin to climb. Once the penny stock pump and dump artists have enough profits, and they move on to their next worthless penny stock. At that point without ongoing efforts of the promoter, which could be a matter of days or months later, the penny stock sees it's shares collapse, taking all investors with it.
In many cases, what looks like a legitimate penny stock report is actually a paid advertisement, which can be seen in their lengthy, fine-print disclaimers.
When asked how these penny stock promoters get away with it, one analyst and author explains that the S.E.C. requirements about penny stock promotion aren't strict enough, nor are they appropriately policed. He asserts that these promoters should remember that, "just because they aren't getting stopped doesn't mean that it's right."
"Some people forget their ethics and try to ride along with the penny stock pump. They need to remember that every dollar they made riding along with the penny stock promotion is a dollar taken out of another person's pocket - usually a naive but trusting penny stock investor, or an old lady who is desperate in this economy."
I guess I prefer to take the disclaimer and compensation disclosures by those companies at their face value. I don't believe they'd lie about the compensations. What purpose would it serve? Plus, they would only be inviting trouble.
But.....You are welcome to your opinion.
So they're spending tens of thousands of dollars on "advertising"? What are they adveritsing? Gold? Barite? No! They haven't produced any.
No, they are advertising the one and only thing they have in abundance.....SHARES OF STOCK! The one and only thing this company has EVER sold,
By the way, that's pretty much the definition of stock pumping.
Paid promotions.....just "Marketing"????
Penny stock pump and dumps are on the rise. You may have seen them in your e-mail, a free penny stock newsletter, or chat room - the next "hot" penny stocks that are going to make everyone rich.
George Samragdis, a spokesman for the Financial Industry Regulatory Authority, or FINRA, which polices U.S. brokerage firms, states that, "Information technology allows con artists to reach victims more easily." Using tactics such as false urgency, fake credentials, and unrealistic experience, they cast dubious penny stocks in a much too positive light, which encourages unsuspecting investors to buy shares.
Penny stocks being used for pump and dumps are chosen because they are almost worthless to begin with. It is easy to manipulate the prices of their shares by misrepresenting that penny stocks' prospects. The more they lie to you, the more unsuspecting investors buy in, and the more money these penny stock pump and dump artists in make off of worthless penny stocks.
According to the S.E.C., a pump and dump generally starts with a promoter purchasing a huge amount of shares in some penny stock on it's last legs, for a very low price (RRHI has 990 million shares authorized, Mabwe Minerals will start with 500 million).
Then they will pepper the Internet with e-mails, and free newsletters about the penny stock in question all designed to generate more buying from unsuspecting investors. In many cases, what looks like a legitimate penny stock report is actually a paid advertisement, which can be seen in their lengthy, fine-print disclaimers.
When asked how these penny stock promoters get away with it, one analyst and author explains that the S.E.C. requirements about penny stock promotion aren't strict enough, nor are they appropriately policed. He asserts that these promoters should remember that, "just because they aren't getting stopped doesn't mean that it's right."
"Some people forget their ethics and try to ride along with the penny stock pump. They need to remember that every dollar they made riding along with the penny stock promotion is a dollar taken out of another person's pocket - usually a naive but trusting penny stock investor, or an old lady who is desperate in this economy."
Good companies don't need to pay stock touts, their results speak for themselves.
Paid promotions.....just "Marketing"????
Penny stock pump and dumps are on the rise. You may have seen them in your e-mail, a free penny stock newsletter, or chat room - the next "hot" penny stocks that are going to make everyone rich.
George Samragdis, a spokesman for the Financial Industry Regulatory Authority, or FINRA, which polices U.S. brokerage firms, states that, "Information technology allows con artists to reach victims more easily." Using tactics such as false urgency, fake credentials, and unrealistic experience, they cast dubious penny stocks in a much too positive light, which encourages unsuspecting investors to buy shares.
Penny stocks being used for pump and dumps are chosen because they are almost worthless to begin with. It is easy to manipulate the prices of their shares by misrepresenting that penny stocks' prospects. The more they lie to you, the more unsuspecting investors buy in, and the more money these penny stock pump and dump artists in make off of worthless penny stocks.
According to the S.E.C., a pump and dump generally starts with a promoter purchasing a huge amount of shares in some penny stock on it's last legs, for a very low price (RRHI has 990 million shares authorized, Mabwe Minerals will start with 500 million).
Then they will pepper the Internet with e-mails, and free newsletters about the penny stock in question all designed to generate more buying from unsuspecting investors. In many cases, what looks like a legitimate penny stock report is actually a paid advertisement, which can be seen in their lengthy, fine-print disclaimers.
When asked how these penny stock promoters get away with it, one analyst and author explains that the S.E.C. requirements about penny stock promotion aren't strict enough, nor are they appropriately policed. He asserts that these promoters should remember that, "just because they aren't getting stopped doesn't mean that it's right."
"Some people forget their ethics and try to ride along with the penny stock pump. They need to remember that every dollar they made riding along with the penny stock promotion is a dollar taken out of another person's pocket - usually a naive but trusting penny stock investor, or an old lady who is desperate in this economy."
Good companies don't need to pay stock touts, their results speak for themselves.
BEWARE!!!! PAID PUMPERS AT WORK!
The flurry of recent RRHI "news" was the work of paid pumpers. At least 3 companies have been paid to hype RRHI via the internet, email, facebook and twitter.
GreatStockAlerts was paid $5000 for its part in the campaign (email, twitter, facebook).....
Compensation Disclosure
"GreatStockAlerts.com, provides readers with information regarding
publicly traded companies that have retained GreatStockAlerts.com to
provide advertising, news and public relations. GreatStockAlerts.com
receives compensation from the companies in the form of cash and/or
securities in the companies. Compensation in the form of securities in
such companies may be viewed as a potential conflict of interest. It is
the practice of GreatStockAlerts.com to sell all securities received as
compensation upon the expiration of the applicable holding period set
forth in Rule 144 under the Securities Act of 1933 (“Rule 144?),
notwithstanding the fact that GreatStockAlerts.com may be advertising or
distributing materials on such securities and their issuers at the time
of the sale of such securities. If GSA is compensated for a particular
article or newsletter the compensation will be mentioned in the
disclaimer under the newsletter and or article. GreatStockAlerts.com has
been compensated five thousand for this email and other marketing
services."
InvestorIdeas was paid $1000 for an email campaign.....
"Disclosure: Investorideas.com was paid one thousand for news publishing and distribution through its newswire and partner sites in addition to email."
Additionally, BullQuake Marketing was paid at least $5000 and perhaps $15,000 or more for its part. Tucked away in its disclosure for each of three emails is this.....
"BullQuake has been compensated five thousand dollars by Raptor Resources Holdings for distribution of this email and other marketing services."
Is it over??? Probably not.
The flurry of recent RRHI "news" was the work of paid pumpers. At least 3 companies have been paid to hype RRHI via the internet, email, facebook and twitter.
GreatStockAlerts was paid $5000 for its part in the campaign (email, twitter, facebook).....
Compensation Disclosure
"GreatStockAlerts.com, provides readers with information regarding
publicly traded companies that have retained GreatStockAlerts.com to
provide advertising, news and public relations. GreatStockAlerts.com
receives compensation from the companies in the form of cash and/or
securities in the companies. Compensation in the form of securities in
such companies may be viewed as a potential conflict of interest. It is
the practice of GreatStockAlerts.com to sell all securities received as
compensation upon the expiration of the applicable holding period set
forth in Rule 144 under the Securities Act of 1933 (“Rule 144?),
notwithstanding the fact that GreatStockAlerts.com may be advertising or
distributing materials on such securities and their issuers at the time
of the sale of such securities. If GSA is compensated for a particular
article or newsletter the compensation will be mentioned in the
disclaimer under the newsletter and or article. GreatStockAlerts.com has
been compensated five thousand for this email and other marketing
services."
InvestorIdeas was paid $1000 for an email campaign.....
"Disclosure: Investorideas.com was paid one thousand for news publishing and distribution through its newswire and partner sites in addition to email."
Additionally, BullQuake Marketing was paid at least $5000 and perhaps $15,000 or more for its part. Tucked away in its disclosure for each of three emails is this.....
"BullQuake has been compensated five thousand dollars by Raptor Resources Holdings for distribution of this email and other marketing services."
Is it over??? Probably not.
BEWARE!!!! PAID PUMPERS AT WORK!
The flurry of recent RRHI "news" was the work of paid pumpers. At least 3 companies have been paid to hype RRHI via the internet, email, facebook and twitter.
GreatStockAlerts was paid $5000 for its part in the campaign (email, twitter, facebook).....
Compensation Disclosure
"GreatStockAlerts.com, provides readers with information regarding
publicly traded companies that have retained GreatStockAlerts.com to
provide advertising, news and public relations. GreatStockAlerts.com
receives compensation from the companies in the form of cash and/or
securities in the companies. Compensation in the form of securities in
such companies may be viewed as a potential conflict of interest. It is
the practice of GreatStockAlerts.com to sell all securities received as
compensation upon the expiration of the applicable holding period set
forth in Rule 144 under the Securities Act of 1933 (“Rule 144?),
notwithstanding the fact that GreatStockAlerts.com may be advertising or
distributing materials on such securities and their issuers at the time
of the sale of such securities. If GSA is compensated for a particular
article or newsletter the compensation will be mentioned in the
disclaimer under the newsletter and or article. GreatStockAlerts.com has
been compensated five thousand for this email and other marketing
services."
InvestorIdeas was paid $1000 for an email campaign.....
"Disclosure: Investorideas.com was paid one thousand for news publishing and distribution through its newswire and partner sites in addition to email."
Additionally, BullQuake Marketing was paid at least $5000 and perhaps $15,000 or more for its part. Tucked away in its disclosure for each of three emails is this.....
"BullQuake has been compensated five thousand dollars by Raptor Resources Holdings for distribution of this email and other marketing services."
Is it over??? Probably not.
Don't hold your breath. No 8-K after all this time is a pretty good sign that it was just hot air. The pump fizzled.
Ten grand, down the drain.
Once again.....
I was wrong about the $5000 paid to BullShake for the pump......
It wasn't $5000, it was $10,000!
Even LESS bang for the buck than the original!
Way to go Alf! { 8^D
Raptor Resources Holdings, Inc. (RRHI)
Total paid for Promotions this month: $10,000
E-mails this Month: 5
Estimated Volume Generated: $32,503
* The information presented is based on information for May, 2012
http://newsletter.hotstocked.com/stocks/view/RRHI-Raptor-Resources-Holdings,-Inc.
^^^^Same URL as given in my previous post.^^^^
Do you think maybe, the "suckers" have been squeezed dry? There may still be one born every minute but they just don't have the money. RRHI gained 200% (2 cents) yesterday on a little over $2000 volume. Started to fall back today on just 5000 shares.
Is this a good return on a P&D?
Raptor Resources Holdings, Inc. (RRHI)
Total paid for Promotions this month: $10,000 (Paid to BullQuake, Investor Ideas and @PennyStockAlerts)
E-mails this Month: 5
Estimated Volume Generated: $32,503
* The information presented is based on information for May, 2012
http://newsletter.hotstocked.com/stocks/view/RRHI-Raptor-Resources-Holdings,-Inc.
Ok, I tried to find an url for that information that was open to the public. After a couple of searches I came up with this. It seems I was wrong about the $5000 paid to BullShake for the pump......
It wasn't $5000, it was $10,000!
Raptor Resources Holdings, Inc. (RRHI)
Total paid for Promotions this month: $10,000
E-mails this Month: 5
Estimated Volume Generated: $32,503
* The information presented is based on information for May, 2012
http://newsletter.hotstocked.com/stocks/view/RRHI-Raptor-Resources-Holdings,-Inc.
Even LESS bang for the buck than the original!
Way to go Alf! { 8^D
If you have questions regarding "these "financial" comments and numbers", I suppose the place to start is here.....
http://ih.advfn.com/p.php?pid=nmona&article=52493822
I will be in and out much of the day and so may not be able to respond promptly but if have any specific questions or need help, ask and I will respond as time allows.
They used around $10k cash last quarter and only had about $5k left. $5000 was used to fund the email pump campaign.
"BullShake Pumpers, Inc." (sarc.) was paid $5000 for the 3 pump email "Alerts" and the original teaser. Estimated dollar volume generated: $22,308.
Not much bang for the buck. Way to go Alf! { 8^D
1manband, Raptor Resources Holdings, Inc. [RRHI] is one of those companies that use "faked" photos. They recently brought their website on line and there are a number of photos depicting mining operations, equipment and ore that the company simply does not possess.
Company website: http://raptorresourcesholdings.com/
http://www.istockphoto.com/stock-photo-17788441-giant-bucket-wheel-excavator-at-night.php
Bucket wheel excavator - actually belonging to a German coal mining company and located in Nordheim, Germany - Used as wallpaper on RRHI website
http://www.grindingmachine.org/images/sbm/rocksand-grinding-machine.jpg
Picture of ore piles and elevator - actually advertising image from a Shanghai, China equipment company - Used in slide show on RRHI website, Home page
Picture of smelted gold bars and gold dust in collector used in RRHI website Image Gallery - To date, the company has not produced any gold.
Pictures of barite ore look like crushed, cleaned and classified ore dumped on the ground by a truck. The company does not own any mining or processing equipment.
I hav the feeling that all the pictures aside from scenery are faked or taken from elsewhere.
The company has announced in a PR, "proven reserves", based on only 5 test bores done way back in 1966! I don't think it's a coincidence that they left out any mentions of this in the official SEC filings.
They recently announced they will begin gravity mapping soon.
Any thoughts?
OPERATING REVENUES.................................. 0
OPERATING EXPENSES............................ 194,953
Breakdown:
Wages and wage related expenses................. 82,200
Professional, consulting and marketing fees.... 78,672
Other general and administrative expenses...... 33,741
Depreciation..................................................... 340
They used up about 2/3 of their remaining cash and had only about $5k left.
OVERSTATED INVESTMENT VALUE ON BALANCE SHEET
The $150,000 "investment" (the cost of the 10% stake in Ontage) is actually worth closer to $5000 according to the statement by Alf to the SEC....."Lantis recorded the 5,000,000 shares as a deposit at $0.03 per share based on the readily determinable market value as this was the price of the shares of stock at the time of issuance. Management does not believe that this price is the fair value due to the fact that they are just commencing a new business which is the mining business. Management believes that a more appropriate value would be closer to par value, which would put this value at $5,000..."
So far, the July 2011 "investment" in Ontage of $150,000 worth of shares has yielded a BIG FAT ZERO so even $5000 may be an overstatement.