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Ok, here's a link to historical prices. At the top of the table, there is a drop down menu for "time frame" select 18 months and scroll down to the beginning of April 2011. The price per share was under a penny just prior to the TAG/gold mining announcement/pump.
http://www.nasdaq.com/symbol/rrhi/historical
Looking at the lows in April 2011, you've got a ten bagger! {8^D
I will try. My information comes from my trading platform so I cannot provide you a direct link. Please be patient while I search for linkable historic prices. The difficulty is that it was in the pinks and not consistently quoted publicly.
Here is a link to some Feb 2011 prices. I will try to find more or at least provide you with a snapshot image of my chart.
http://quotes.stocknod.com/stocknod/quote/historical?Month=4&Symbol=LLSR&Year=2011&Range=3
Pump and Dump?
About a year ago, this stock was trading in the neighborhood of 0.004 to 0.007. Then they started pumping the TAG merger and "gold production" the stock went up as high as 0.045 and MILLIONS of shares have been sold.
The April 2011 PR said, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold. Tapiwa Gurupira, local partner in Zimbabwe, and a director and principal of TAG added, "TAG has been exploring and bulk sampling miles of riverbed soils rich with gold bearing sands for over one year now.""
It's now April 2012 and NO gold has been produced. In fact, all they've done is continually move the date back. Always "soon" but never now.
A couple of the RED FLAGS associated with mining scams is shifting target dates and slow development.
"When significant, legitimate deposits are found, mining companies usually put as much equipment on the suspected deposit as possible. It's important to get the permits and mine as much as you can as quickly as you can." - Mining Scam Warning Signs and Red Flags
Mineral oil king of Wal-Mart broken promises....
"The first production unit is ready for action and gold revenue starts 1st Qtr 2012!"
It seems that was a lie as the time frame has now been pushed back a couple of quarters. To keep from having to continually revise the time frame, maybe they should just go with "soon". { ;^D
Thanks hp, I don't know if anyone was trying to accomodate john in particular but it's always nice to see someone get what they want, especially someone who seemed rather anxious about it. Peace of mind can be worth more than money.
Good luck to you and keep your stick on the ice,
pb
Hope you got your .04 John. Almost 93,000 went off at that price before they started lowering the ask.
As I said previously, I'm not all that familiar with the old Lantis and the dental equipment. I have paid attention to what Alf has said about it and its current impact on operations.
Let's look at the pieces of the puzzle.
1. All of the dental equipment and development components were put in storage and no further development hass taken place in over a year.
2. The company contractually continues to incur the expenses of the former management slaries, bonuses, automobile expenses and other perks as long as the dental unit remains a part of RRHI.
3. Alf has said more than once that he intends to transform RRHI into a "pure play" in the natural resources sector. By definition, that statement precludes having a subsidiary in the dental equipment sector.
4. The company has much greater cash obligations over the coming months than it had cash available as of the last report filed with the SEC so they need to raie cash and cut expenses.
In view of just the four points above, it seems as if it is the company's intention to divest itself of its Lantis subsidiary, one way or another. I think they'd like to sell it to raise cash but it's possible they could just dump it to get rid of the expenses of carrying it.
My question is, has anyone shown interest in purchasing the technology in the past? Does anyone have a good estimate of how much money the sale of the Lantis subsidiary could bring?
It's also possible, I suupose, that Alf could just "trade" the dental unit to the former execs in lieu of back pay and expenses if a buyer could not be found. That would at least eliminate about a half million dollar a year burden.
Remember, Alf gave himself 300,000,000 votes so the old LLSR shareholders have no say in the matter. The first notice shareholders are likely to receive is in a filing announcing the terms of the sale or exchange.
Does anyone have any thoughts on the matter?
Ok, I understand. I haven't been around long enough to be familiar with the dental play myself. I was more or less just thinking out loud and putting the clues together to see what fits.
Maybe someone who is more familiar with the old Lantis will come along and shed some light.
Any ideas on what they are going to do with the dental equipment business? From what they've said, it seems as though they are planning on cutting that loose one way or another.
I think they are going to need a large amount of cash if they are serious about open pit mining. With the comments about becoming a "pure play" and the need for cash, I'm thinking they might sell off the dental stuff. That would get rid of the expense of keeping the former management too.
Has anyone ever shown any interest in purchasing the technology in the past?
Not really much of a "buying spree" less than $5500 traded all day, spread out over 18 trades. You can usually get better than that off a pure "snake oil" tout's email pump.
I remember when Tobin Smith used to send out his tout emails about Raptor Networks. You could count on a nice bounce up with enough volume that you could make some money if you were one of the first in. Of course, if you were one of the tail end Charlies, you lost.
As far as updates go, I'm interested to see what they have to say but I don't expect too much. I am wondering how they plan to make the installment payments. Then there's plant and equipment expense if they actually plan to do any mining. How much they plan on spending there will be a good indicator. I think they will need to raise some cash.
GLTY hp, I think it might mean that they have submitted the 10Ks for RRHI and RPTN. I think today is the deadline for late filing but I could be wrong. I thought the actual deadline for filing was the 10K was the end of March.
Should be a lot of new information in the 10Ks.
Late filings do not occur often with many companies. Some late filings do occur almost every quarter but the SEC may impose sanctions on any company that is repeatedly late. That is why late filings do not often occur with many companies.
The failure to file a required SEC report on time constitutes a violation of Section 13(a) of the Exchange Act and the SEC could institute an administrative proceeding against the late filer, among other things, seeking revocation of the company’s registration under the Exchange Act.
No worries, hyrpowr. I was just wondering if you had any special information to share.
When considering how many rocks will fit in the truck bed and the size of the bag of money that they trade the rocks for, one must consider that it takes many bags of money to get that first truckload of rocks to market.
Open pit mining is not "free money". Even after the initial investment in plant and equipment, you can expect that for the first years, it will take a couple of "bags of money" to to get rocks worth one bag out of the ground. That's assuming a legitimate mining operation which I'm not convinced this is.
Does this mean the market can't be manipulated or persuaded into doing something stupid? Of course not. We've all seen stranger things happen but it's kind of like bouncing a balloon around in a room full of needles.
Occasionally we may have posters for whom English is not their native language. Once in a while, a poster may have to rely on a translator program.
Occasionally a post may not be clear in its meaning. My feeling on this is that as long as the post appears to be an attempt at on-topic discussion and shows no malicious intention towards another poster, it will remain.
If anyone wishes clairfication of such a post in order to understand what the poster is trying to say, please ask the poster in a friendly, respectful manner to elaborate. Posts ridiculing other posters for their language skills or are not acceptable on this board.
Why do you think it would triple from here?
Don't get too hung up on "billion dollar" assets. We've seen nothing that would justify that kind of valuation.
I don't know if they're off drinking beer or not but things certainly don't seem to be going according to a plan.
They are most definitely short of money. Alf said so himself in the NT 10-K filed last week.
No news is not good news in this case.
What happened to the Raptor Resources Holdings website? It was up and running almost a month ago. Then it suddenly went down.
I thought they took it down themselves until the name and symbol change were complete but that was accomplished and the site is still NOP. A quick search shows the domain name is now owned by some guy in Florida. Did someone buy it out from under the company?
It seems they can't even get their website on line. Pretty sloppy, Alf.
PepsiCo is not a "pure play" in the beverage industry because of its wholly owned subsidiary, Frito-Lay. A "pure play" cannot be a mining company and a dental equipment company any more than PepsiCo and Frito-Lay. Therefore, if RRHI is to become a "pure play" in the hard asset and natural resources sectory, it must divest itself of the dental equipment susidiary.
So either (1)the plan is for RRHI to divest itself of Lantis and become a "pure play" or (2)Alf is talking out of his rear end. It is an either/or choice.
(3)he feels it doesn't matter what he says because it's all a scam, is not really a third option but an explanation for Alf making impossible claims such as becoming a "pure play" mining and dental company (impossible) or taking a tax write off for RPTN (also impossible).
The IRS is quite specific on this. If the "new" company does not continue substantially the historic business, the NOL is not deductible. The network switching business cannot be continued even if they wanted to.
You can find quite a few sources that confirm this by googling "Sec. 382 continuity of business requirement". Below is a quote from one of these sources but there a hundreds just like it.
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"Section 382 requires that the buyer meet the continuity of business enterprise requirement; continuing use of the target's historic business or a significant portion of the target's assets in an existing business for 2 years following the transaction. If the continuity of business requirement is not met, the annual NOL limitation is zero. The continuity of business requirement, together with the annual NOL usage limitation, effectively discourage acquisitions of loss companies for their NOLs alone."
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So the net tax benefit to LLSR's botom line is zero. So here, either (2)Alf is talking out of his rear or (3)he feels it doesn't matter what he says because it's all a scam.
I suggest YOU contact a tax attorney and get the facts. { 8^D
BTW, in financial management, a "pure play" is a company whose shares are publicly traded and that either has, or is very close to having, a single business focus. Coca-Cola is an example of a pure play in this context because it retails only beverages. On the other hand, PepsiCo is not a pure play because it also owns the Frito-Lay snack foods brand. A "pure play" cannot be a mining company and a dental equipment company.
So either (1)they will dump the dental business or (2)Alf is talking out of his rear end or (3)he feels it doesn't matter what he says because it's all a scam. Possibly all three.
Given his talk about non-existent tax write-offs for non-existent revenues, it looks like 2 & 3 are definitely in play here.
Well according to Alf, the CEO (aka the mineral oil king of Wal-Mart), the Company is becoming a "pure play" in the hard asset, mining sector. They put all of the dental equipment in storage and discontinued all development.
Alf went further in the DEF14C just filed he says, "The Company will change its name in its amended Articles of Incorporation from "Lantis Laser Inc." to "Raptor Resources Holdings Inc." since the Company is now engaged in the exploration and mining of gold and other industrial minerals and will not conduct the historical business of the Company involving the commercialization of dental technology."
"E" Added To Stock Ticker Symbol - SEC info
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.
In addition, repeated delinquencies by a company in filing complete periodic reports with the SEC or other applicable regulator, or removal of the company’s security from quotation on the OTCBB because of its failure to file required reports within the prescribed period, can result in the security becoming ineligible for quotation on the OTCBB for a one-year period.
===================================================
Not exactly sure if the "E" comes after close of after-market hours, or first thing in the morning, or if they have an extra day or two.
I know RPTN was late and had the "E" tacked on in the past, more than once.
"E" Added To Stock Ticker Symbol - SEC info
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.
In addition, repeated delinquencies by a company in filing complete periodic reports with the SEC or other applicable regulator, or removal of the company’s security from quotation on the OTCBB because of its failure to file required reports within the prescribed period, can result in the security becoming ineligible for quotation on the OTCBB for a one-year period.
===================================================
Not exactly sure if the "E" comes after close of after-market hours, or first thing in the morning, or if they have an extra day or two. It will be the second time in about a year though.
If the company is removed from the OTCBB, it will be very difficult to trade and will probably be headed for sub-penny land.
RE: Message deletions, a short reminder.
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To access the “My Removed Posts” page, click on Settings at the top right of the page. On the right side of the Settings page, towards the bottom fo the column, you will see My Removed Posts. Click on that to open the My Removed Posts page. Instructions for protesting a removal are on that page also.
Please, read the Rules. Suffice it to say that if you follow the IHub rules, your posts cannot and will not be removed.
Here is a link to the iHub User and Moderator Handbook -
http://ihwiki.advfn.com/index.php?title=Handbook
Quick answers to questions not specifically covered in the Handbook (interesting read)
http://ihwiki.advfn.com/index.php?title=FAQ:Deletions_and_Restores
The Registrant cannot file its annual report on Form 10-K for the year ended December 31, 2011 within the prescribed time period because of delays in completing the preparation of its audited financial statements and management's discussion and analysis in light of the Registrant’s limited financial resources and accounting expertise available for this purpose.
Do we have to wait for the Mineral Oil King of Wal-Mart to take some financial accounting courses?
The Registrant cannot file its annual report on Form 10-K for the year ended December 31, 2011 within the prescribed time period because of delays in completing the preparation of its audited financial statements and management's discussion and analysis in light of the Registrant’s limited financial resources and accounting expertise available for this purpose.
Do we have to wait for the Mineral Oil King of Wal-Mart to take some financial accounting courses?
All of those events are covered in the intro. The events are listed in chronological order correct date.
Questions, questions. Can anyone think of any good reason for RRHI (formerly LLSR) to buy Raptor (RPTN) from CCE?
The reasons given, "Net Operating Loss to offset future taxes", and "repositioning itself as a pure play in the hard asset or natural resources sector" seem pretty bogus on the face of it.
Why would they want RPTN's NOL when they have never made a dime? Isn't that putting the cart before the horse? Especially in view of the facts that LLSR has a sizeable NOL of its own and the NOL of RPTN is not available as an offset due to the IRS Sec. 382, "Continuity of Business" rule.
As far as LLSR "repositioning itself", didn't they accomplish that with the name change and the purchase of mineral rights? What does RPTN do in that regard?
I don't know that this is a scam but there sure seems to be some sort of hidden agenda.
Yeah, only 500 shares = $20 worth all day. Easy to buy, hard to sell.
Good luck to you.
WELCOME to the Raptor Resources Holdings, Inc. (RRHI) board!
Look at that! iHub is on the BALL! Name and Symbol change already complete!
Good luck and best wishes to all.
RPTNE next week, again. NT 10-K filed.
It appears Lantis Laser [LLSR] will be renamed to Raptor Resources Holdings, Inc [RRHI] effective tomorrow.
See bottom of page, under "Name/Symbol Changes".
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/27/2012&mkt_ctg=NON-OTCBB
LLSR has also filed an NT 10-K so the new symbol next week may be RRHIE.
Haven't seen anything official on the RPTN Name/Symbol change yet.
Reminder - Please post on-topic (LLSR).
Posts that are mainly about other posters or "pumpers" or "bashers", etc. are not on-topic even if they are not personal attacks.
Thank you.
Actually, his name is Alfred M. Pietrangelo. Alf is just another nickname for Alfred like Al, Alfie, Fred, Freddie, et al. Look it up.
http://www.babynamer.com/alfred
I use Alf because Al could be Alan or Allen. Using Alf, gives others a clue to look for "Alfred" in searches and not the others.
BTW, would it make him less confused if I used a different nickname?
Alf, the CEO, seems to be a bit confused. In the DEF14C just filed he says, "The Company will change its name in its amended Articles of Incorporation from "Lantis Laser Inc." to "Raptor Resources Holdings Inc." since the Company is now engaged in the exploration and mining of gold and other industrial minerals and will not conduct the historical business of the Company involving the commercialization of dental technology."
No, the 'E' will come because they have announced they will not file their Annual Report on time. I don't think you get the suffix for changing stock symbols. The 'E' shouldn't get added until April 2, the first business day after the deadline.
The "what's to worry?", is just a little humor. Kind of like saying there's almost no risk because it can't drop more than 3 cents a share. { 8^D
Well, it's not a bad thing anyway. The 'E' that will be appended soon is more of a worry I would think. Although, at 3 cents a share, what's to worry?
Thank you Renee. I wasn't looking for that because I didn't think the name/symbol change was going into effect until April 9. Looks like they will be getting an 'E' added to the symbol soon too.
The following talks mainly about gold but is just as applicable to silver, copper, nickel, bauxite, iron ore and yes, barite.
Mining scams are just like all the other scams involving investments; they use the promise of big returns and deception to lure you in. [Usually not immediately, if a scam was immediately discernable, it wouldn't be a very good scam now, would it.]
Not all mining scams are easy to detect. Some can be very complex and fool even the most experienced investor. Con artists usually begin their mining investment scams by forming a company [or taking over a shell company], raising some capital through stock markets then situating the company, through acquiring claims, close to areas that have had previous legitimate mining successes. [The pattern is not always the same or the scams would not be as successful]
Once the mining claims and/or rights have been acquired, press releases are sent announcing the recent purchases and linking them to genuine mining operations in nearby locations. Exploration permits and drilling programs follow. The final piece involves more press releases touting the fantastic results achieved through drilling. Surface samples are doctored along with the scientific information that went with them.
Mining Scam Warning Signs and Red Flags:
Claims that the mining can only be done using new, "proprietary" methods [HPC-30s anyone?]. While its true advancements in mining have been and continue to be made; new, proprietary methods don't usually yield much if anything at all.
Drilling has begun, yet is slow going as only one or two drills are in use. When significant, legitimate deposits are found, mining companies usually put as much equipment on the suspected deposit as possible. It's important to get the permits and mine as much as you can as quickly as you can. Experienced miners know that actual, cost effective production, along with reserves for future mining will result in reasonable stock prices.
Metals from the platinum group (Platinum, Palladium, Ruthenium, Osmium and Iridium) are said to be showing up in the assays. These metals are particularly rare and don't usually exist in commercial quantities.
Even though the company claims it's done little to no drilling [5 bore holes in 1966 and NONE since], suspected deposits or "reserves" are described in the millions or even tens of millions of ounces [or tons, dollars, whatever]. Before reserves of this size can be confirmed with any degree of confidence, hundreds of drill holes with thousands of assays must be completed first.
Actual drilling is ongoing but is slow with one or two drill rigs. If a major new ore deposit is suspected by a legitimate company, there is significant incentive to get the drilling done as soon as possible so mine permitting and actual mining can begin. They will use as many drill rigs as they can get their hands on. The primary incentive is to produce ore, not sell more stock at a higher price. Legitimate operators know that real, cost effective gold production, together with ore reserves for future mining will result in satisfactory stock prices.
To which moderator are you speaking and why are you asking for a "moderator" to speculate on pure speculation?
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