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Well, remember what they set out to do in Jan 2016 (see the investor presentation, it's an 8-K itself). They want to be in the business THEMSELVES of drilling oil and using their own technology in the process. Nothing wrong with that persay, but notice the focus, doing their own drilling versus licensing out their tool. I could never figure that out completely - I mean one would think they could have a bonanza just licensing out their tools and focusing on that aspect vs just becoming another oil driller. But certainly they did their due diligence at the time to determine that that would be the best use of their resources and the most profitable. they have said nothing since then to be in disagreement with that. I looked at the Mexico well project as something to help with revenues in the meantime and lure other customers in so that they would have the best of both worlds ultimately. Beats me what's going on.
I simply cannot imagine going on much longer without some news. Even if there is no news, then they need to restate their goals, b/c they are now way way overdue what they committed to over a year ago. I am fairly confident that we will get another chance to unload our shares with something newsworthy. At that point I would certainly take off the table, and at this point I am thinking of starting to do so in the 4 cent range, how sad.
Come-on CRTL, we really need news now, no more waiting. If there is good stuff going on, then please tell us.
The price of this stock values the company around 1.7 million dollars, which in a relative sense, relative to where it has been, and relative to what it can be in this industry, is flat out cheap. Personally I think the downside is strictly limited at this point, unless they go silent for an extended period.
But that said, they have to produce something. We know they have the jeans, we've seen them on FaceBook, but they need to get sold, in which case we need to see the money, and/or a re-investment of the money into growth opportunities. I am calling this a flat out buy at this price, and I have backed that up with my own buying. Hopefully the won't disappoint but will somehow surprise the tar out of us.
Very interesting, over half of the posts ever made for QPAG came today starting from the pre-market. Where was everyone these last 6 months since the company was open to trading?
These promotions may tout great balance sheet, etc., but as a warning, they have now just taken out two loans that go out 6 months allowing for conversions at significant discounts. So, the company is not free and clear with all the cash it needs, but is in need of cash. While I am bullish longer term, I am not necessarily counting on a big run-up like I am reading here on the board. If it were to occur, I would take profits, the amount relative to how much it is able to do so. But there was a lot of churn today without much movement in the price which I find interesting.
I missed the press release from Friday, sorry.
https://www.otcmarkets.com/stock/ITEC/news/ITEC-Property-Receives-Signed-Decision-of-Record-From-BLM-Regarding-Westport-Energy-Placer-Gold-Operation-in-Southwestern-Arizona?id=150449&b=y
So things are progressing. I'd like to see if they will truly be able to start in the 90 - 120 days.
Would also like to see the financing deal.
The BLM continues to make new postings (public), evidence of movement forward:
https://eplanning.blm.gov/epl-front-office/eplanning/planAndProjectSite.do?methodName=dispatchToPatternPage¤tPageId=55905
The Environmental Assessment for the West Port Energy LLC placer gold mine has been approved with the signing of the Finding Of No Significant Impacts and Decision Record. The appeal period for this decision is open for 30 days starting 31 January 2017 until close of business 2 March 2017
Makaya, I'd like to think that they're close, real real close. At least I hope so. Not giving up here! Sometimes things go down in a way that is unexpected, in ways that force companies to go silent, and granted that is not what we are expecting, but there is no other explanation I can come up with. Hang tight (not that we have a choice). Yes I am more sure than ever that there is gold in the ground, enough gold that it will be worth the effort.
This is a gift horse as they say and I have taken advantage of it at the lows, so far. The 5 million dollar share offering was actually supposed to be right where the price is now at a buck ten from the S-1 Prospectus in July. What I like about the model is that their capital goes into things (horses sorry to use the word things) that have actual value and for which there is ALWAYS a market for versus good that may have to be written off. Short of maybe a horse dying or not able to give birth (not sure if they have insurance or not?) much of what is put in can always be sold, granted there is expense in caring for the horses (I recall reading btw 10 to 20 bucks a day) and training them.
ok, well post it then, people may not know where to look, I certainly don't. It must not have been important enough to warrant an 8-K, but if you say that it is interesting reading, then please post the link, thanks.
Interesting the price has pretty much gotten locked down around 50 cents, as if it stuck. Hopefully the next move will be up.
Agree about the point of their going silent. I had semi-regularly been in contact with them and now have not had any communications attempts returned
I sincerely believe that the owner is and has always been a person of his word and I am sticking with my guns in believing that even though that is tough to do right now. Others have written on this board that it is a desert dirt scam, but I wholeheartedly do NOT believe that to be the case, and I am also confident that there is gold in the ground.
Something has to be going on that they cannot communicate on and I for one have some suspicions that I will not state here, and so I am hoping that it's nothing more than an unexpected blindsided delay (it wouldn't be the first), b/c I sincerely believed and was told we would be mining a few months ago.
What can we do but wait. I don't think driving down there would help at all, it'll just be an abandoned site - both the gold mine site and Erinburg - though anything is possible, but I am too far away. But I have been to both sites before and it's been worth it for me to see for myself.
One positive is Donald Trump becoming president which is supposed to be positive for the mining industry.
Hang in there all!
Please paste it to this board. stockpromotors.com will usually catch all promotions and they have no record of it, the last one showing was from 12/7 which we already know about that string of them, and neither does a google search of insider financial and qpag. Thanks
Nah, don't waste your time on Yahoo! Boards, it's usually just a bunch of ads and people who don't know what they are talking about.
The CFO was let go recently to save money and no replacement is planned, see the 8-K dated 12/21. I actually noted that in a previous post of mine.
We are clearly in a holding pattern, a very very long holding pattern. I hope they have a huge surprise for us in which case this stock will spike like no tomorrow. At least their overhead should be as low as possible which gives me some comfort buying us decent time.
Not holding my breath, but have heard that the filings are around the corner. Evidently the new accounting firm is requiring re-do's going back a while. While I am all for regulation and ensuring proper accounting, personally I think it's overblown, especially when accompanied by unplanned significant expense as it is here and delays for investors considering investing or already invested. Oh well, look forward to see what the hell they've been doing for the last year or so, especially with the Suhr deal having fallen through. I know the restaurant capital group (RCG) has made some progress with their restaurant in LA, but it's still not live yet. And the Smith and Ramsey Vape business, I have just about written that off as I cant find anything on the internet that is up to date less than 2 years old. Hopefully they have some other opportunities of their sleeves, but what I am not privy to. Is anything easy? No.
So two days in a row of spikes to 75 cents and closing at ~65 or under, remarkable you are right.
Anyway no matter, this will blast through any such barriers when the time is right, which I don't know when that time is, but it is coming. This is a absolute STEAL at these prices, mark my words and I continue to be a buyer at these prices. As I said before, where can you find a "penny" stock on the big board with limited downside and huge upside. A lifetime chart show many spikes to $2 and $3 and that's without the paradigm of aggressive growth - imagine what's going to happen this time.
OK I have had a discussion on things ...
There is unquestionably revenue coming in and more potential contracts than they have the resources to deal with, but they have brought in someone to help out with that. So we ask, what the blankety blank is going on. I hope to meet in person in about two weeks (which involves my going out of my way) with the largest shareholder to maybe understand more. It is still not clear to me how they are dealing with the debt-holders and why the filings can't get done. Also, there are opportunities with other "related" public companies (you can figure out who they are reading my other posts) that I have significant investment in, that have huge huge upside that the masses clearly know nothing about or care about, it's remarkable, but that will change sooner than later, and so focus has not been on XCLK as much as we would all like. While I am still optimistic on the prospects here, I cannot focus too much energy on something I have no control over and limited visibility. As always I'll update as soon as I am able.
ok, news two days in a row after 4+ months of no PRs (except for "QPAGOS Comments On Recent Market Activity" which I dont count.) This has had little impact on the price but it certainly confirms they are alive and growing, though the restatement of earnings in the amended 10-Q did confirm this also and showed quite a bit of effort on their part. I'd like to see the price get back over 50 cents and stay there.
I am guessing investors want to see significant revenues as opposed to these trials which start out small and take time to "get going".
This is what kills me, they are doing what seems to be everything right, they are very happy with their progress, and the stock price simply is not benefiting, I don't get it.
I am hoping to have a conversation today actually, whether there is anything to report as a result, that I have no idea. But man we have been left out to dry.
My quick research shows the company and management to be legit. This is certainly a high risk space. I am sorry about your loss so far, I know all too well how that feels. I doubled and tripled down today to 45 cents. It appears that this is a bottom, but then again, who am I to say. The fact that this jumped up to 1.75 in the recent past gives me some consolation of the potential to go back to there or even half to three quarters of that.
So what's your thinking about why you think the company is going to do (assumedly) poorly thanks.
I am very very eager for some good news, I expected something by now. As has been discussed, we must see some real numbers, not talk, just numbers, whatever they may be. And I would also not put any more money into this, whether it goes up or down from here. I would start taking off the top slowly maybe around 6 cents which would be a triple from here. This could get there very very quickly on real news.
I have taken a starter position at 62 cents on this pullback after missing getting in with a 65 bid the other day. I would continue to buy if it falls into the 50s. I think there is more upside and less downside at this price
Well hopefully buscar is forming a base here, though it did have that one more drop to 1.26 the other day, that was weird. I'd like to see it recover to the $3 range within the next few weeks, and then "off to the races". I would start taking a little off the table in the $2.50 range but holding for much larger gains.
True, but when you are probably independently wealthy, then really all that's at stake is your reputation, your pride and honor/dignity, which may be the biggest driving factor, I hope it is.
Well, huge volume today with a slight spike, but retraction to the mid-60s. Someone or some people were buying but couldnt push past the 65 on the close, but hopefully that will change soon. No news.
Not following you when you say someone knows something? Are you referring to the slight uptick in price yesterday (may be irrelevant), or the 8-K showing extension of the CEO's compensation which got cut by 100K/year? Though it says 6 months, the original contract is for 3 years, and so it isn't clear to me if this nullifies the 3 years and turns it into 6 months "an amended six-month Employment Agreement" or what. Now his stock options (1 million per year for 3 years) are granted at 8 cents/share, so that's good for us as a motivation fro him to get the stock price up to that point and beyond, which from where it is now is a 3x increase and could get some of us into the black.
But I would say based on this news, there is something going on behind the scenes, we'll just have to wait and find out what it is. A call to the company may be in order, but I doubt we'll find out anything, I've got very little info in the past.
These guys have no end to press releases, but none of them actually move the stock in any meaningful way, I don't get it. I'd really like to buy more at these prices, but I cannot get myself to do so. If it moves back into the 70s I will.
hope I am not crazy, adding in at 30 cents again but missed the big buy at a quarter. I'll buy more if I can at a quarter, I think this is a solid buy at these prices.
hmm, thanks for pointing out this mornings news and last weeks for that matter, I didnt know about it and so it might be a buy right now - I just put an order in for .032 but I doubt it will get filled, but you never know. For those that don't own I would think it's a flat out buy now.
But people had plenty of chance to buy it at 2 cents and below, where were the buyers then?
I have gotten back in in the upper thirties. With significant number of options/warrants at 62.5 cents (see updated S-1/A for details), we should be confident that somehow they'll get the price back at least to there and much further beyond, sooner or later, it doesn't matter to me. I wonder if there will be more promos to help the cause or if it will be organic, we'll have to wait and see. But this is not a slam dunk in my opinion though i think most if not all of the downside has been seen.
On another note, they just borrowed 77K from the Power Up Lending Group, which concerns me. From what I can tell, this is another Asher Enterprises venture, see http://investorshub.advfn.com/~-ASHER-~-25451/ Need to keep an eye on this
Right and the bottom magic number just reared its ugly head at 57 cents, but I was asleep at the wheel and missed that price, but am back at it to capture any activity at that price. so we are now trading in the bottom range. I sincerely cannot see this going under 55 cents (the price effectively paid by Philou Ventures for the large stake in September), while the upside is who knows. I am confident that this will take off but exactly when I dont know but I will go out on a limb and say by end of March. Though I have learned that making these predictions often leads to disappointment.
I consider that news simply an extension of what we already have known for a couple months with regards to the convertible notes and warrants. As I mentioned in previous post, they are building in a floor of 55 - 60 cents starting in September. Do I think they have big plans, absolutely, just look at the investor presentation from the 8-K from Nov 15, huge increase in revenues.
To accomplish that they need money and that's what these deals are setting up for.
I know the main investor, and I trust him, and I know that he wouldn't get into something that he wouldn't think would be wildly successful. This company has been twiddly winks forever, and that is about to change. While I don't know any of the specifics, all I can say is follow the insiders, that's what I'm doing.
was fortunate to get filled in the 1.teens finally before it took off. I am betting heavily that this thing just takes to the races as they say. I'll take profits along the way for safety take and buy back in at significant enough pullbacks as/if they occur. But I think this is solid opportunity, even at these prices.
You guys been busy posting last few days I see.
Regarding taking down the Hillary stuff, I suppose its not a bad idea, I dont think anything amounted from it but to be honest with you, I am not dead sure either, who knows.
Regarding the Alz stuff, it's a shame they're not public yet b/c we would have a board to post on, but I am guessing iHub would only allow a board for an actual ticker symbol, maybe I could make one up like ALZN, it's not taken yet LOL. Regarding their raise, they are just getting started, so no they dont have even 25 million, not even close. Also worth mentioning is, I am told, that they got approved faster for the RegA+ offering faster than any other company that has gone before them, the guidelines are very strict b/c they are reaching out to non-accredited investors, so they are to a large degree on top of making this happen. Sign up for their newsletter and you'll get bombarded with emails to join up, there's plenty of time to do so. Could they do something with XCLK, sure, maybe up XCLKs alley even, but nothing's happening until XCLK gets current with their financials, which evidently as I have been told is not as trivial when you're cash-strapped. But certainly the self-motivation for XCLK to rise up should be there.
Let me be the first to post here. I can see Nigeria is popular to invest in.
I had a sizeable position in the past but sold out in the 4.50 range for gold miners. I am re-entering now, as I believe just about everything to wash out has washed out with this ETF. Can it get worse, sure, but look at the lifetime chart, this is a buy no matter what happens, including continuing civil wars. I would buy more as cash frees up for sure at these prices or lower.
was able to get filled near the peak today leaving me with still some decent position. Without news I dont know what to day, but I would get back in if it fell to the .025 range, it would be a buy there.
Happy new year to you also MJAM
Well, I have mixed feelings. They are playing with fire not have filed by now, that is a very legit concern I have. I know they are laying low and don't want to have any public PR to avoid any negative attention and will not put out a significant 8-K unless its material news. Until they are able to complete the filings, which they simply have not done, then I think we can continue to expect silence. One thing is for sure, they have plenty of projects they can work on, I know that as a fact, but to attempt any of them without filing is just dangerous.
so, I as I said, I have mixed feelings. If it takes longer than originally expected, then so be it, as long as nothing bad happens between now and then, whenever "then" is, then I guess I can live with it.
The Alz deal you mentioned in the other post, I'm fortunate to have a sizeable stake in that also, and that for sure is as real as real can be, huge potential there, so there should be no reason they can't pull all this stuff together somehow, someday.
Oh, someone mentioned in a post recently the lawsuit in New York courts with LG. I have talked to the company and they have not been served with any lawsuit so it's not on their radar. Not sure how to reconcile that.
As far as investing in XCLK, I am moving my rating to very speculative, implying a hold at this point. For new investors, maybe they can dip in, but I cannot in good conscience recommend this as a buy, mostly b/c it has simply taken too long to get current on filings. That could change obviously once they go current or there's significant news.
the announcement of the delisting warning if trading under a buck scares me because we friggin already went through this once. How in the world could this stock deflate again to go under a buck, I have no idea whatsoever. Somethings not right here, but I can't put my finger on it. the analysts think its worth something but the bigtime investors have no faith. While there is constant dilution, its fairly controlled, whatever happened to forward looking investing, not happening here. Anyway I have bought as low as the .70s range. If it keeps going down, I'll buy more.
Too long without any news whatsoever. I have tried to at least take something off the table but have yet to get a fill. anything over 50 cents at this point I will take as a start to unloading for diversification sake, also having gotten in heavily near the lows.