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One serious question. Whenever the name change takes place won't the share structure also change? If you go back and look at the share price every time this company changes their name, the pps has really fallen.
I would suspect it is because the share structure is different and they are dumping millions of shares into all of the hype of the name. Maybe I am wrong, but I don't think I would want to hold this one during that time. It seems that it is going to dump as soon as that happens. Anyone left holding the bag at cutover is going to get burned (I think).
Is this just totally ludicrous?
Can't believe how lucky I got with yesterday's entery point! Today will be a good day
Nothing, as long as that is the direction that they head. Although, I would expect nothing less and not much more. I suspect they find it quite difficult to secure financing in the nieghborhood of $250M to dredge for gold and they are an oil and gas company.
This stock is quite interesting and has the potential to make many people a lot of money. I have made and lost many dollars on the stinky pinkies, and if I have learned one thing, that is the majority of them are scams. I see you've done a lot of DD and I respect you for that. Only time will tell if they can get it off the ocean floor. Until then, this is a great one to flip; and if they are successful, then I know I won't get burned; and if they aren't, hopefully I will have made enough by then on this one to offset any lose that might be coming.
As it is, I predict that I will pick up a whole bunch of shares tomorrow afternoon in the low, low .02's. If not, I will continue to sit on the sideline and wait for something good.
GLTA>
You've got to be kidding. I don't see ANYTHING else that they haven't fluffed up in the past? Do you?
Are you serious? News? They created a chat room to discuss AOAG. Is that the news? Really doesn't surprise me.......
They'll actually be lower.......
I'm back out, this thing is too volatile, made a nice 54% return in two days. GL to you all, but don't expect too much until they come out with a good PR. I would expect more fluff tomorrow, not really expanding on anything different than what we don't already know.
There could be real value here but not until we have gold, a new NI 43-101, verified financing, or even perhaps a dredge in place. (I'll probably get back in on Friday @ ~ .03)
GLTA
Picked up 20k shares @ .037.....what a steal!
Doesn't make sense? Sorry, but I have to bring up one more point, and I hope someone has a logical response. But if your company was giving presentations in effort to attract big money investors, then why would you not wait until you have all of the VITAL information (a new NI 43-101 ) that was being prepared by "a widely respected independent geologist with intimate knowledge of the placer deposits of Nome and Alaska alluvial gold regions?"
Just a thought........
http://finance.yahoo.com/news/CORRECTION-Arctic-Oil-and-iw-13999948.html
I've been watching this one for a while and it smells a bit fishy to me also. The PR today did not say ANYTHING different than any of the other ones since the middle of December. Yes, they are looking for investors and they will provide an update when received, and yes some other company was able to receive $75M in investments. So far, the only thing tangible they have to offer are promises.......
I will continue to watch, and if they EVER get their operation off the ground it will be a good investment. Just be careful not to put all your eggs in one baskets.
GLTA
I'm out. Got rid of 7M shares at a really big loss. I thought 2G's were better than nothing. I will take a big write off and get a break on my earned income. I wish the rest of you the best of luck and hope this thing turns around.
GLTA......
HOLD THE .0006
PLEASE........
VERY NICE.....
I can't believe I'm somewhat excited about 2/100'ths of a penny; but wholy crap! I can't remember the last time this stock was up 50% in one day.......LOL......LOL
GO MMTE
COME'ON MERGER
COME'ON ACQUISITION
COME'ON JV
Whatever it takes to get this thing to move in a positive direction.....LOL
GLTA
Hello Oilin,
I actually do not think that we will go any lower. Everyone is taking a beating right now and we really aren't any lower, percentage wise, than the rest of the industry.
I believe oil will level and MMTE will be back in the sub-teens. This company is really just now coming online and once we establish a positive revenue stream we should see a nice increase in PPS.
Obviously, there will be peaks and valleys along the way, providing opportunity to increase holdings. I would also bet that our PPS will be up a couple of ticks by next week, or even before weeks end, as those who got out around ten, see this as a good opportunity to get back in.
All in all, this is a good company in their infancy stage. One day we will look back at the current PPS and ask ourselves why we didn't leverage more for a bigger piece.
GLTA.....
I'm with both of you! Everything that I own is down, some of them I know will rebound over time; and others, such as this one, will either also rebound, or go to zero. As with 7M+ shares, it makes absolutely no cents to sell now.
Hopefully, the market will find a bottom soon and this world wide recession will quickly correct itself.
GLTA.....
I wonder when it will stop? Seems like someone is dumping quite a few shares.......
#@(%)#(@%)#*
Sit tight...It's not even worth selling at these low prices! The market won't stay down forever and MMTE will be back along with many new investors.
I can't even imagine why anyone would sell at these prices? Overall, this stock has held up better than many, many others out there.
Patience will be rewarded.
GLTA
I agree.....this will be a good month for MMTE. Once production has been quanitified and verified through revenue, we should really see a nice return.
holding for a while
GLTA
Looks like another slow day? Hope we get some numbers next week.....
GO MMTE......GLTA
Compared to the rest of the world.....we are doing quite well.
Keep it up (literally) MMTE.......
GLTA
this helps illustrate the true value of this stock. most of the securities i have been watching are red; as you stated, nice to be green.
hopefully we will have something positive next week
have a nice weekend
GLTA
Will do......thx
GLTA
BE CAREFUL……did you not see the news? If their assets are not as strong as originally believed (could be nothing) then this company (currently in BK proceedings) is also worth nothing. IMO the market is seeing this possibility.
Do you DD and make your own decision….watch out
I am right there with the both of you on my average per share (a little over 7M of them). I would like to comment though, that I hope we don't waste any "good" news on these most uncertain market conditions. After watching what didn't happen with HTOG I hope that we at least wait until next week to come out with anything good and that we just continue trading sideways, or maybe up a little until conditions settle.
I would say overall, that we are doing pretty good here....everything considered.
GLTA......
I agree, I wish I had more money to add.....these prices offer great opportunity for return.
GLTA
I think I'm going to puke.....
Can anyone tell me why someone would be dumping this morning?
Spoke to soon......
Perhaps I will get to experience that "x-tatic" feeling with a close up of .0001?
LOL
On a positive note.....I haven't seen any signs of dilution today!
LOL
LOL....maybe it will just sit there all day?
Not that it really matters that much....but if we get much action in the positive today, we should have a buy confirmed on americanbulls
GLTA...
GMA....any predictions for the day? I honestly would be x-tatic with a .0001 gain!
I guess we will see?????
whatever it takes! I'll take it
WOW...is it possible we might close green? This is much more than I had expected.
GLTA
I LOVE IT! Today not as slow as I had thought, actually a bit frustrating!
I keep telling myself to remain positive!
GLTA
That would be nice; I was actually hoping the same thing, or maybe a prelimenary update on the two wells that we own 100%.
Also.....Cabroncita......what does the "*S*" signify?
rgds
GMA...expect to be pretty quite today.
Ouch, that hurt!
Better days to come.....
I thought you already flipped @ .0013 this am?
LOL...me too! Maybe it will attract some more attention. Green two days in a row, with positive PR from yesterday, might just move us in the right direction?
GLTA
We've got green........