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From what I can find, when the registration of a company's shares is revoked then it can't be traded on the OTC, Nasdaq, etc. The question is whether it can still be traded on the grey market. Here is a link that implies the answer is yes:
http://www.extraordinaryinvestor.com/grey-sheets.html
I am still not clear whether the deregistration of the shares will affect trading on the grey market. On the one hand, I know of another company that hasn't filed since 2007 but still trades. But on the other hand, that company is definitely still trying to do business, and it seems e.digital is not, and maybe that makes a difference. My guess though, is that it will linger on indefinitely.
Share price slipping away, bid at .0901.
Seems like there is a Visceral Adipose Tissue joke to be made somehow.
Here is a link to vat leaching on that website:
http://www.cronimet-mining.com/en/processing/processing-technologies/gold-vat-leaching-technology/
They call the method they use "unique," so I'm skeptical that Mexus is using the same method. Also, the "series of concrete vats" doesn't sound like something you would fabricate far away and transport to your location.
Says Google:
No results found for "Vat Agitated Treatment".
Not sure what you think the reason is, but my guess is that they are saying it will happen very close to the deadline.
"VAT leaching is carried out in vats ... ." Does that help?
https://www.911metallurgist.com/blog/vat-leaching-of-fine-crush-gold-ore
Suddenly quiet. First trade of the day not til 10:58.
Time Price Volume Market
10:58:20 0.0148 1000 OTO
Yesterday's:
15:59:19 0.0145 1000 OTO
15:59:19 0.0144 1000 OTO
15:51:54 0.0136 5103 OTO
15:51:54 0.0135 5103 OTO
15:35:25 0.0132 24100 OTO
15:23:43 0.0132 35000 OTO
14:56:47 0.0132 100351 OTO
14:56:47 0.0132 10000 OTO
14:50:32 0.0135 9999 OTO
14:42:22 0.0135 49998 OTO
14:42:19 0.0135 10003 OTO
14:42:14 0.0137 29997 OTO
14:15:13 0.0135 12200 OTO
12:47:01 0.014 10900 OTO
12:40:12 0.0148 4300 OTO
12:40:12 0.0147 4300 OTO
12:04:00 0.0135 10000 OTO
12:04:00 0.0136 15000 OTO
11:46:21 0.01479 1000 OTO
11:27:44 0.014 75779 OTO
11:21:01 0.01379 46000 OTO
11:19:34 0.014 46000 OTO
11:00:25 0.0147 5000 OTO
10:49:11 0.0144 4500 OTO
10:16:22 0.014 25 OTO
10:16:22 0.0141 25 OTO
10:13:22 0.0144 100000 OTO
10:03:52 0.0144 9240 OTO
09:36:43 0.015 114665 OTO
Here is a link about the oil sands extraction process:
http://www.oilsandsmagazine.com/technical/oilsands-101
I didn't read it all, but there are two basic methods, and each includes mixing water or steam with the bitumen, and in the end the water is recycled.
Nice video. When they talk about cleaning up the water enough to make it reusable, what use are they talking about?
I wonder why they would be paying attorneys at this particular moment, given that they are living hand to mouth and in theory capable of producing gold in just a few days if only they had some cyanide and a new wagon wheel. But I will also comment that given the high volume today, the share price held up fairly well. It seemed like there were a lot of large lots of round numbers, which might be indicative of the company selling some shares? The final trade of the day was 350k shares at 0.015, which amounts to more than $5k.
Looks like the 0.015 to 0.019 trading range is breaking down.
10:11:32 0.015 25000 OTO
09:45:56 0.0145 80000 OTO
09:41:46 0.0145 100000 OTO
09:36:51 0.0148 100000 OTO
09:35:51 0.015 100000 OTO
09:35:46 0.015 350000 OTO
09:30:20 0.0157 100000 OTO
09:30:11 0.0162 100000 OTO
Up $3 today for no reason, at least that I can find.
Share price hit US$1.15 last Thursday, and now is below $1. Maybe someone's stop-loss kicked in. I am already in pretty deep here, but it's tempting to buy more.
My stack of proxies is only 4 high. I am signed up to get proxies delivered electronically, so I don't know why sometimes I still get hard copies. Just skimming, it seems like it is about all kinds of ways to give stock to employees.
Not sure what to make of that comment. Even if it is 0.013 at the end of the day, the seller should have gotten a better price at the beginning of the day.
Can you provide a link?
June 12 and the stock is still trading. elkonig, can you provide some sort of documentation for your claim that EDIG would be "revoked" on June 11?
The sub .014 trade this morning just seems like bad trade execution. Here are today's trades so far and the last few of yesterday:
Time Price Volume Market
10:50:18 0.0175 2000 OTO
10:17:31 0.017 107 OTO
10:09:25 0.01747 100 OTO
10:08:23 0.0165 15500 OTO
10:07:49 0.01759 10000 OTO
10:07:49 0.0176 9118 OTO
09:30:01 0.0131 20000 OTO
15:58:19 0.0165 45500 OTO
15:57:27 0.0177 2000 OTO
15:56:25 0.0175 100000 OTO
While looking for info on the reverse split I came upon this, which I had overlooked:
Saint Jean Carbon Removes Senior OfficerFont size: A | A | A
4:15 PM ET 6/4/18 | GlobeNewswire
Saint Jean Carbon Removes Senior Officer
OAKVILLE, Ontario, June 04, 2018 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials, announces that the Company terminated William Pfaffenberger from his position as President of the Company today. All duties of the President will be covered by the CEO and CFO on an interim basis until the Company is able to find a qualified replacement.
The Company has requested Mr. Pfaffenberger to resign from the Board of Directors. The Company expects to call a special meeting of the shareholders to have Mr. Pfaffenberger replaced on the Board of Directors should he not resign.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada. For the latest information on Saint Jean's properties and news please refer to the website: http://www.saintjeancarbon.com/
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
From 1/29/2018 PR:
"Included in this subsidiary is the addition of a new group of mining concessions. The property was acquired from Pacific Comox SA de CV as a stock trade agreement."
http://mexusgoldus.com/mexus-adds-additional-property-to-its-portfolio-updates-shareholders-on-ures-and-santa-elena-projects/
So new shares can be used to acquire yet more properties. Why they would add more irons to the fire I don't know, but it seems like the kind of thing they might do.
Another reason to authorize new shares is to use them in a merger/acquisition.
Already regretting buying. I put in another order at 0.0159 and it filled a little too easily. Today's trades (maybe missing earliest):
Time Price Volume Market
15:59:37 0.019 2000 OTO <-- $38 paint job
15:59:16 0.0166 400000 OTO
15:56:58 0.0159 60000 OTO <-- that's me, throwing away money
15:56:58 0.0166 68000 OTO
15:56:57 0.0167 32000 OTO
15:56:06 0.0167 18000 OTO
14:08:18 0.0165 4000 OTO
13:48:39 0.0162 95000 OTO
13:48:34 0.0165 50000 OTO
12:45:41 0.0162 5000 OTO
12:45:33 0.0173 5000 OTO
12:20:47 0.0184 1000 OTO
11:23:29 0.0162 1450 OTO
11:16:29 0.0184 1000 OTO
10:52:12 0.0166 100000 OTO
10:52:06 0.01695 10000 OTO
10:10:09 0.019 3000 OTO
10:06:03 0.016449 40000 OTO
10:04:47 0.0167 40000 OTO
15:56:43 0.0182 2000 OTO
12:56:03 0.01804 10000 OTO
12:06:03 0.0182 3000 OTO
11:18:12 0.0166 50000 OTO
11:16:11 0.0166 42125 OTO
10:58:25 0.017006 57000 OTO
10:57:26 0.0163 7000 OTO
10:57:17 0.0174 50000 OTO
10:50:38 0.0187 2000 OTO
10:26:18 0.0187 1000 OTO
09:51:22 0.0174 50000 OTO
Embarrassing but true: using money from a recent sale at 0.019 I bought back in at 0.0167. I just have a feeling that this one has at least one more pop left in it.
A PR from a couple of days ago:
Clean TeQ Sunrise Project – Modification 6 Approval
3:01 AM ET, 06/05/2018 - GlobeNewswire
MELBOURNE, Australia, June 05, 2018 (GLOBE NEWSWIRE) -- Mr Sam Riggall, CEO of Clean TeQ Holdings Limited (Clean TeQ or the Company) (ASX:CLQ) (TSX:CLQ) (OTCQX:CTEQF) is pleased to advise that the New South Wales Department of Planning and Environment (DPE) has formally approved Modification 6 to the Development Consent for the Clean TeQ Sunrise Project (Project). The approval is an important milestone as planning and execution of the Project’s early works progresses.
Proposed location of Clean TeQ Sunrise accommodation facility
Clean TeQ submitted Modification 6 in January 2018 seeking changes to the accommodation facility at the Project which were deemed necessary to both optimise the mine plan and improve the amenity of the on-site workforce. The changes included the relocation of the accommodation facility from the main mine site to an adjacent property south of the mine on a property owned by Clean TeQ called “Sunrise” (see Figure 1).
Approval of Modification 6 will also allow Clean TeQ to use the camp for up to approximately 300 personnel during site-based campaigns such as shutdowns and maintenance. In addition, the Modification permits an increase in the camp’s capacity from approximately 1,000 to 1,300 personnel during the construction phase.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/524889f9-86b1-4067-8863-edf80e07ed42
Figure 1: Proposed layout of the Clean TeQ Sunrise accommodation facility. Inset: Camp location relative to Clean TeQ Sunrise Project area
rootus99, maybe think about taking your own advice and get EDIG out of your mind once and for all?
It is trading on the grey market, and I suggest you read up on what that is. There are no market makers, just buyers and sellers getting matched up. In my experience it is very haphazard. For example, you might not even get matched up with the best price. On the ASPT board (https://investorshub.advfn.com/Haber-Science-Inc(fka-HABE)-989/) another poster and I compared notes, and you might benefit from reading that. It might be tempting to pick up some shares at 0.0001 or something. The problem is that you might only get a few cents worth of shares and still have to pay a full commission.
Talking MGX up on seekingalpha:
https://seekingalpha.com/article/4179754-mgx-minerals-reorganizing-company-maximize-shareholder-value
Here's the beginning:
Summary
Trading in MGX Minerals has picked up on excitement of its demonstration of its petrolithium and waste water treatment technology and spin-out of ZincNyx.
MGX has numerous other projects on the go like Driftwood Creek, which could maximize shareholder value through a transaction similar to what is being proposed on ZincNyx.
MGX is pre-revenue and high-risk, but at just over $100 million market cap, it makes an excellent speculative investment for those who like green technologies.
I was trying to remember what the timeline is here, and found the below in the recent Management Discussion and Analysis. So permits are expected this month. This is taking a long time to get rolling.
------
OUTLOOK
The next steps for Excelsior include completing the permitting process for the Gunnison Project, completing
the project financing required to commence construction and moving from construction into operations.
Excelsior has received all operating permits from the ADEQ. Excelsior is working with the EPA and expects
to receive Federal operating permits during the second quarter of 2018.
With respect to project financing, Excelsior has engaged Cutfield Freeman to act as an advisor with respect to
the debt portion of the project financing. Excelsior is targeting the completion of the project financing in the
third quarter of 2018 and, assuming all permits have been received, construction would commence thereafter.
Copper production from the Gunnison Project is expected to begin nine months after construction is
commenced.
Here is what the PR said:
"The FT Financing proceeds will be used for qualified mineral exploration expenses on the Company’s projects in Canada. The NFT Financing proceeds are expected to be used for advancement of the Company’s lithium and magnesium assets, including continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities, and for general working capital."
The company does seem rather unfocused to me.
Looking at the share price over the last 5 days (I hadn't noticed the significant rise), and today's huge dump, it appears that people expected a better deal. For reference:
C$ ..... US$
1.10 ... 0.85
1.15 ... 0.88
1.20 ... 0.92
1.37 ... 1.05
Yesterday's US$ close was $1.05.
There were two placements, one at C$1.10 and the other at C$1.15. The buyers also received warrants at C$1.20. That is about what the stock has been trading at recently anyway. I think it's a good sign that some one is willing to put up this money at these terms, since presumably they did some research, and they only make money if the stock goes up.
Northern Graphite Signs Product Offtake Agreement
June 4, 2018 – Northern Graphite Corporation (NGC:TSX-V, NGPHF:OTCQX) (“Northern” or the “Company”)
announces that it has signed a Memorandum of Understanding (“MOU”) with a European commodity trading
company to sell 100 per cent of the projected output from the Bissett Creek graphite project in China. The
parties intend to enter into a binding agreement when a number of conditions have been met, including the
arrangement of project financing. Northern’s partner will be identified at that time as per their request.
...
http://northerngraphite.com/wp-content/uploads/2018/06/Offtake.pdf
Well, it won't be me who contacts Don B or the Union Trib since I don't have much skin in the game. Plus I didn't buy my current tiny stake due to anything they put out. Actually, if I had a complaint it would have to be that they didn't hype enough. Plus, I did make a significant amount of money (though not nearly what might have been) back in 2000, so who am I to complain.
As for Robert "Nutman" (not sure if that was a slam or a typo) selling shares, I still see no scandal there. The share price was up over 100 times what it had been in fairly recent times, so why not take some money off the table. I would imagine that 125K shares was a fraction of the number of options he was awarded, because at the time they were given to him their value would have been $12.5K or less. And it's not like he sold at the peak.
I assumed he was talking about this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141184917
Well, sometimes your posts are a little difficult to parse. Meanwhile, I do think that it is significant that the share price hasn't collapsed. Whether they ever will produce much gold or not, I feel like it has at least one more run up in it. Still, it would be hard to put more money in at this stage as I've already exceeded my funny money threshold.
Here is what Don Bauder is up to: https://www.sandiegoreader.com/staff/don-bauder/# Thanks for reminding me of him. Here are some old articles:
https://www.sandiegoreader.com/news/2004/sep/02/too-smart-their-own-good/?page=1& - People suing because they lost money and their brokers should have stopped them. Sorry, no sympathy. Also, this makes a big deal about the fact that an insider exercised some of their options and sold the stock. Um, that's kind of the idea of stock options.
https://www.sandiegoreader.com/news/2006/feb/23/positive-publicity-negative-returns/ - Here he rips Woody Norris.
"not particularly newsworthy given the scope and magnitude of this type of conduct" - agreed. No one cares that some of you lost money on a penny stock, it's buyer beware there. The story would be a look back at a San Diego area company that was big news back in the dot com bubble days. Paragraph 8 might mention the specifics of more recent developments. Keep in mind that I showed up here and got interested a few months ago because I was surprised that the company was still alive and people were talking about it. I bought a couple of hundred dollars worth of shares just for laughs and to see what the pumpers could do. It turned out not much. Anyway, the point is that I, as a SD UT subscriber, would be interested in such an article, and I don't think that I'm alone.
While I agree with the sentiment here that nobody cares about an OTC stock scam (or is it just a failure?), the story might actually be of interest to the San Diego Union Tribune. The story wouldn't be the financial crime of the century, but rather a look back at the whole history of the company, the dot com bubble, etc. It would be a "whatever happened to ..." sort of story.