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Was able to pickup another 10K shares @12 cents before it jumped to 20 cents which it hasn't seen in months. I'd like to see the bid AND ask over a quarter for a period of time before declaring any victory here.
You may have a point here ....
But nobody on this board has presented any credible research on the viability of this company except to talk about some guy Mike Sullivan who seemingly doesn't have anything to do with this iteration of the company
I am doing my own research and so far I am NOT happy with what I am finding out, but I sure would have appreciated some solid due diligence by someone one this board for this company by now.
I'll be reporting back soon.
hopefully they have a plan in place to do that and whatever else necessary, but this is a good start having a presentation to present!
My understanding is that a filing is close. Whether there is anything good or not, I don't know but since the first filing would probably be a 10-K for year ending Nov 2015, which is so long ago, I can't imagine there's anything interesting. As they get closer to catching up I would think that there'd be more interesting stuff, but we'll have to see. I just loathe waiting, been here a long time but sticking with it, good times to come in my opinion.
trying to pick the bottom is impossible
It's just very oversold and with good news for the most part, I personally cannot see much downside left.
The best you can do is look at the irrational behavior and ask yourself is there any reason this wont be significantly higher in 6 months to a year or more. If you believe answer is yes as I do, then its a good investment. Even with a little more dilution, I'm fine with that, the company is growing and not letting anything get in the way of that, they're not going anywhere (bad), and that's a good thing at these prices and market cap (14+ mill)
I can understand exactly what you are saying...you are right, and the press releases back up your concerns.
I have felt likewise, very frustrating.
As I have stated in previous posts, they were NOT realistic early on in how long it takes to get a permit through the entire process and what road blocks could be encountered. The (new) CEO and mine owner has taken the bull by the horns and pushed this through single-handedly almost to the point of being fully permitted, with mining to follow sometime in Q4 . As far as I am concerned, its more a matter now of whether there is gold or not, I am sticking with the former belief. You can contact the BLM if you want to confirm status, they will gladly talk to you, here's the link:
https://eplanning.blm.gov/epl-front-office/eplanning/planAndProjectSite.do?methodName=dispatchToPatternPage¤tPageId=55904
As far as not cashing in, actually it's a year, not 6 months, and that is very standard for these types of offers (I think its SEC Rule 144). BUT, what's unique about their offer is that you have the choice of either stock or gold (or a combination). The gold would offer you 4x your investment if it is selling at $1200/oz. (you get 2x your investment @600/oz), and it is above that right now. The stock offering well, is subject to the stock market and significant dilution, but, you can see what has happened to the mining stocks since January as the best asset to own, with GDXJ (junior minors) increasing already 3x+ from the bottom. If even a fraction of that irrational-ness (it was also irrationally oversold at the bottom since these stocks started trading in the 70s) spills over to these micro stocks, who knows what it could do, but it will do more than where it is now (hardly trading). Since most investors I am assuming have already met their 1 year hold and eligible to trade, and since we see almost no trading of this stock, I think we can safely assume one of two things - 1) people are in it for the gold (and I have a strong suspicion that is the case, and in fact I know that that is the case for an investor group with which I am part), and 2) those that are in it for the stock (I was leaning that way from the start) are not bothering to register their stock since they would be selling at low prices at this time and they want to see what happens and decide in the future (you can't go backwards once you register).
The good thing about the gold option is that it doesnt matter what your option price is, since the gold option is solely based on how much you invested, not the price of the stock. So, as long as gold is produced and made available, you're all set.
Finally, with hold periods greater than a year, your taxes are less, and in the case of gold, its not even clear to me how reportable it is (someone told me greater than 10 grand would be reported to IRS).
OK admittedly I have done what you said, saying its going to be any day now multiple times, b/c in fact I believed just that, and in fact for the most part was going off the press releases issued. So I'm pissed too, and I certainly wasn't trying to mislead anyone as I have been misled. But I do believe the end is in sight. If there is anything I have learned, some of these investments take a lot longer to come to fruition than originally expected, and this for sure is one of them.
So you decided not to invest and that's fine, you were able to make money on other ventures. You got to watch from the sidelines and observe second hand what can happen and got a free ride to learn and maybe you can apply that to a future venture in this very volatile space.
the site is back up and I cannot see how it is different (colors?) than what it was before. Now that is frustrating, indicating there's going to be a new site, getting some investors possibly excited (whomever even noticed), but not delivering on it.
Anyway better have the resources devoted to mining gold than a web site. Then again, maybe there will be a new site and they wanted to put it back up in the meantime since it is the primary means of communications. Who knows.
Continuing to average down my price
This is irrational pricing for this company. The price will reset and it could do so when nobody expects. This is a screaming buy in my opinion. Even the CEO took stock instead of owed salary. Keep the faith.
hmm, I did notice earlier today the site is under construction but didn't even consider to put the two and two together. For now I am going to assume what it says, a new site.
Yes ironically I did save onto the presentations and reports that were there, though having read through them before, I have no reason to revisit them.
Actually, in re-reading press releases from ITEC and PSNP, ITEC reported receiving final approval of its mine plan of operations on 6/16 (which admittedly is not a permit), while PSNP reported on 6/17 as being full permitted which while it is not the same thing, it's not necessarily that far off for the casual observer reading these press releases and not understanding the complete process beginning to end, which is not trivial. In other words, while what PSNP reported may not have been correct, it's not completely inconsistent and one could even make the case it was a misunderstanding in terminology in writing the release.
Re-read for yourselves.
Hopefully we can move past this quickly and mine some gold already, I for one can't wait.
My understanding is that the permitting process is very close to finishing. And so as I read the PSNP September 1 release, everything seems to be in line as they attempt to qualify previous releases (with regards to permitting) and provide updated details. The only thing that has not been clear is where PSNP is getting the funding of 5 million to pay for the royalty (as I look at PSNP financials)
That said, PSNP's statements in June and August about permitting are, well, not true, but rather are forward-looking statements which ultimately will come to fruition (as far as getting permitted) but not true at the time the statements were made. Not sure why it was necessary for them to make those claims at those particular times (to lure investors, I don't know). They could have said what they just said yesterday - that the permits were in progress and just leave it at that. Now they need to get themselves cleaned up with the SEC - hopefully they'll be able to do so.
We have already argued on this board with regards to whether there is gold to be mined, and I look forward to proving that out one way or another, but snags like this are unnecessary and should be avoided.
Finally I have gotten the opportunity to get into this stock with a starter position at 6.5 cents. I would like to buy more and will if my gold miner ETFs can take off from the recent selloff.
I get a kick out of these alternative reporting filings - the company can say whatever they want, but at the same time they are in some ways easier to read without all the mumbo jumbo.
The President has invested a lot of his own money, which is always a good thing to put your money where your mouth is, and who knows he may not even take a salary.
So market cap would be around 8 mill which is nothing if they can get the fall/x-mas line out the door in what has been a decent retail market. They were supposed to have something out last spring but from their press releases it appears that nothing happened at that time, but I'd have to talk to them to find out why - typical of the penny stocks to be much later than the timeline that they set out to follow. Their FB page does seem to be updated regularly with pictures, but no meat that an investor would like.
Dabbling at that price is a great idea if it possibly comes down to that - not clear to me how in the world that happened the other day, there must have been a seller or two and not enough bids to pick up the slack which can happen with penny stocks from time to time. With around 9 - 10 million in the bank and no debt, they should be able to do something. Fully diluted shares would eventually be around 390 (268 + 120 + few other misc shares) mill which would be a 20 mill company at a nickel. Just some numbers to consider.
The key as I mentioned (and which is their stated mission) is for them to do a deal - if they can do it, then this is a slam dunk in my opinion.
I am banking on this going to the 20 cent range for now.
While I got in early in the twenties, I have traded in and out to avg down to where it is now, partly due to luck as I had other opportunities I needed money for and took advantage of rallies which always have occurred sooner or later.
The KEY for them which they have made very clear is to purchase an oil producing property (and use the tools they have to assist). The Mexico deal recently announced holds them over with some revenue as they search hard to make such a deal which has not been easy at all to negotiate, I know that they have had many opportunities that they could not make happen. But that said I simply don't see why they cannot be more successful with their next generation tools to pull in more customers that could use well treatments and am disappointed that we don't see more of that, not clear why not.
Certainly it should not have gone as low as it did, but I do believe it has bottomed. I would not be surprised to see it back over a couple bucks within a month or two, or even sooner. Nothing has changed for the worse. Management is determined to get this going.
there is an investor presentation available for viewing
http://ir.qpagos.com/presentations
It was puzzling for sure ...
XCLK is not in a position to be receiving a shareholder lawsuit right now, that's the last thing they need. What they need is for us to let things lie and allow them the time to pick up the pieces, albeit it is a long time, but forcing their hand will do nobody any good, trust me on that one.
OK, the very very soon is slightly extended, but still fairly close. Yes they are a number of quarters behind in filings, but my understanding is that it will all be cleaned up in short order, and hopefully never late again moving forward. Volume has picked up a bit as well, note today a bunch of 5K sales occurred. I am keeping a bid in the 11 - 13 cent range and in the case a dump occurs I'll be lucky to pick some more up on the cheap (and though it is already cheap at these prices compared to where this will eventually be heading ($1 - $2/share), my attitude at this point is "come to papa"). What a jewel, nobody knows about this thing, it's incredible.
Let me end with, Everyone needs to do his/her own due diligence and manage their own risk.
It's going to be a while.
What I can say is that the focus from the ownership of XCLK has been more on other companies and ventures with better more urgent opportunities rather than XCLK itself (you can see where I post on ihub to get one idea). That said, XCLK is not finished, but severely delayed. The filings need to come but it will be a while, longer than any of us hope for. But there are also some things going on in the background that I am not privy to, which may result in positive surprises, I just don't know what they are or any timeframe, and I am not sure they know /have decided either. I apologize for such vague info, but that's mostly all I have. Don't count Co-Signer out either.
I'm still dead curious as to the source of all those stock transactions that we saw a month+ ago day after day - who was doing all of that buying I have no idea. Evidently there were enough sellers to keep a lid on things, which I expected.
I am surprised to see this come down to these levels.
I bought some more at 1.65, as I wish I was paying attention to the plummet earlier this morning and missed that opportunity, but to predict something like that is almost impossible. Regardless, in a relative sense this is very cheap. It either goes out of business (I see no evidence of that), or it moves (or shoots) back up above $2, but I don't see it languishing at these prices.
yeah, only a small amount traded at .023 but a decent amount at .03. I missed it and tried buying Friday at sub .04 but like you not filled. I did take some off the table at 8+ just because it had gone up so dramatically. Anyway I am a buyer in the 3s at this point.
thanks for the heads up, I knew they were late but glad to see them come through with the filing, let's see what the market says
this had so much attention months ago, now almost nothing. I have continued to trade in and out, and am back in at this price which I consider a bargain. the analysts (seethruequity and Zachs small cap research) have predicted much higher prices than where it sits now, lets see what it can do. We are not that far above where execs had put their money where their mouth is.
Have taken starter position on this new listing @82 cents. Let's see what it can do.
Have taken starter position around 100K shares @.025. Let's see if this can get some attention in the next few months.
My understanding is that the next filling will be out very very soon, with remaining ones to follow to get back up to date. Whether it is relevant or not, I don't know, but I would love to see just some revenues for something ... LOL
This stock gets zero attention, maybe less than zero. I look forward to the day when people are tripping over each other to get it.
As a sidenote Market makers like to trade tiny numbers of shares, like 2 or 3 shares, which is very very very annoying. Twice in the past I have had to ask my broker to waive my commissions for tiny trades of a few shares since the exchange doesn't have a minimum share count to specify when putting in an order (maybe other brokers do allow it but mine does not for this specific stock). Why they play these silly games I have no idea, I could simply not get to the bottom of it via my broker but at least they honor my requests for refunds.
Extremely close to getting the main permit ...
There are no known issues in the way. There was nothing that came up in the 30 day public review.
They're working on the AT&T cable crossing that should be complete by Friday.
The Army Core of Engineers approval should come soon afterwards and they can start drilling the wells to supply the ponds.
Those in the private place who want the gold option may have to wait until 2nd half of 2017 before being able to take delivery as the company is probably going to need all the money they get to maintain financing in the early operations.
The stock actually increased the bid to .04 x .05 this week which is a start, but volume continues to be subdued as it has been since I got involved long ago.
I'm told "Vote Trump" for the benefit of all mining companies, otherwise there will be a much greater deterrent in getting permits for initial exploration and mining for the whole industry. I can't stand either candidate and was planning not to vote but for the benefit of this industry maybe I'd change my mind.
lets forget about the office for now.
I have talked to them. They need to get the filings out, thats what is holding things back. Their technology of the ad wheel, which I have mentioned numerous times, is valuable, and has huge potential. But they need to get current financials, and that is the challenge before them and my expectation is that they will take the challenge, but dare I give any timeframe b/c I just don't know. There very well may be revenues behind the scenes (not for Hillary though) but I can't tell that for dead sure or not - I know it sounds wishy washy, but that's what I feel comfortable saying now. Hang loose, I will report back as I know more.
Very disappointed with the Suhr deal not going through
This was in the public eye for a year and it couldnt go through, which is very disappointing. In talking to various folks involved, my understanding is that the failure, so far, is not due to AVLP's lack of effort to make it happen, but in fact quite the contrary - they sunk of ton of time into the deal which largely they don't get paid for. The door remains open for a future deal, but I don't know if it would be on the scale of what they were shooting for.
In the meantime, they are continuing to work on the Restaurant side of things with RCG, as well as other deals that have not been announced.
Certainly this is a big setback after waiting so very long for something that appeared to be a slam dunk, oh well, that is bound to happen sometimes, but I don't want to see a pattern of it, that's when I would get concerned. Let's see how they are able to capitalize on the upcoming next opportunities. In the meantime, the stock appears to be dead with virtually no volume or interest, as continues to be the case with this board.
Also they are catching up with all the SEC filings that they fell behind on and we should see them in short order, though my guess is that there isn't a lot interesting news, but hey, surprise me willya?
Yes as I mentioned there shouldn't have been anything behind all of that buying. But it did happen offering an opportunity to sell out. But I am hopeful that at a future date the circumstances will be different.
Averaged down near the bottom today
Didn't see the news on license/royalty challenge till later, and that became an excuse for whomever hadn't yet gotten a chance to dump onto the marketplace at beyond absurdly cheap prices. While I never dreamed it would get this low, so be it, I take it as a gift. In my opinion, an unexpected spike back to 5 - 6 cents could happen at any time and in short order, whether or not accompanied by news.
Call for comments for Environmental Assessment is over.
I'd like to see how quickly the permit can get issued. (Taking into consideration what Craig said in the youtube video about the process not being able to be rushed)
I missed the fact that it actually dropped down to a nickel for a day, so established ladder from 6.5 to 8 cents, we'll see what happens
I have talked to the company ...
As probably the largest stockholder on this board, all I can say is that from what I know, all this buying is 100% speculation. That said, I am not selling any of my shares here at the bottom and will hold for an opportune time to sell, whether it be weeks, months, but hopefully not years from now :( In the meantime I do nothing. Take it for what it's worth.
this is 100% speculation
this is mind boggling indeed. When this went thru the roof back in May 2015, that I could completely understand, and in fact it should have gone higher in my opinion, as it was following along the lines of everything they were announcing and communicating regularly. I guess the difference is that back then there was all that dilution while now there is none.
Now we have no communication yet a buyer(s) out of nowhere over the past few weeks, makes no sense at all.
I do semi-regularly (mostly on stuff not directly related to XCLK), but nothing worthy to share.
They don't even know why all this buying is happening.
We don't even know if it's the same person or multiple buyers or anything. And why spread out over multiple days, almost every day. Beats me, and while I am not complaining, there needs to be followthrough and some meat behind this move or it will fall into the abyss in time.
If and when the company turns around, at least our profits can be long term gains taxed at lower rates.
Price has come down...
I am looking to get in at 9 cents today, let's see what happens.
It appears that more has been added to the ask beyond what it started with today, but there aint a lot left. I simply don't get this.
It does appear though that anyone who wants an opportunity to get out with something has had the opportunity to do so (depending on how much they own), at best break-even (minus commission), at worse, 50% or greater loss.
Now we just need to get actual activity with the company, which I am not too fired up about at this particular point in time.
But as I have said a number of times in the past, I believe the company will make a run of things, I just don't know the timeframe, but I am surmising it would be related to the success of ventures "unrelated" to XCLK.
The possibilities as I see them:
- Hillary campaign - no evidence of anything at this point
- Ad wheel - no evidence at this point
- Co-signer spinoff - no evidence at this point
I mentioned an 8K a few times that it would be released, but my understanding is that nothing has been critical enough to warrant doing the release.
It appears that more has been added to the ask beyond what it started with today, but there aint a lot left. I simply don't get this. Now we just need to get actual activity with the company, which I am not too fired up about at this particular point in time.
But as I have said a number of times in the past, I believe the company will make a run of things, I just don't know the timeframe, but I am surmising it would be related to the success of ventures "unrelated" to XCLK.