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I just don't get why you think that Mark and only Mark should be the arbiter of that decision rather than the "Market"
Like the old saying, "If he builds it they (long term investors+value+SP) they will come"
It's funny because a bunch of the board was defending MarkB. last week for the PR. Stating that the PR was necessary to update everyone and get the rampant speculation and rumors under control and protecting us feeble shareholders. A lot of people said the PR was good because it will keep traders and flippers out of the stock and keep the long term investors here thereby allowing the runs to run longer.
But, judging by the sentiment, a lot of longs trimmed their positions or will on the next run because of the good will damage.
I know that I plan on dumping more much sooner and for much less than my original target so Mark doesn't "protect me" again.
Where was the part about going public?
I don't have screen shots of old site....
It was just a stupid joke because everyone is off the charts bullish. In fact, I'll be long gone on Mon if its at a penny.
Yes it was ILIM. I own it. They owed some $30k fee to the SOS and they asked for the fee to be waived to assume custodiandship. Court would not waive fee so they said, Not Interested in custodiandship and withdrew their petition.
Stock fell like 70% next day. Some other Co. Might be making a play though because it moved hard on big vol. on Friday.
Was your decimal in the wrong place, 0.1-0.2 tomorrow?
Was your decimal in the wrong place, 0.1-0.2 tomorrow?
Will add a lot more when Mark and family are ready.
Totally agree....
How will you know when that is though? Do you have some indicators or something you'll be looking for?
Why did you stop?
Why did you restart?
Dont you think that when something like OTC gets this hot and popular it's the sign of a market top?
Based on clues in the PR, IMO. This is one alternative scenario that might be a possibility.
Schatzi Exploration is what is merged into STHC for the near term move forward.
Clues:
1. Signoff on the PR by Mark (Southcorp Capital Contact:Mark Bolster, Chief Executive OfficerEmail: markb@schatziexploration.com)
2. Norton now removed from OTC market site
3. Prevents needing the 43-101 for a public Co. to start the RM and trading
Maybe later they will then roll in the mining or maybe the mining will go into a subsidiary, or maybe into its own Co. via another RTO or IPO later.
IMO, thoughts?
Anyone notice that Norton Fernando now removed from OTC market info page?
https://www.otcmarkets.com/stock/sthc/profile
Now only lists Mark.
Thoughts?
"...to allow the merger to move forward in the mean time"
I'm going to bet that you are wrong on this one and we will all be disappointed in near-term progress. I sense a lot of back peddling and revisionist weaseling in the PR (fomenting uncertainty).
We have debated the point ad nauseum today, so we will have to agree to disagree on this whole PR thing.
The one thing we can agree on is that WE ARE both long-term shareholders who are expecting (hoping?) for a very large SP increase....
Me: this year...
You: (timeframe)?
It baffles me that you "KNOW" the share price would have crashed after the OTC update pricing in less uncertainty.
It (SP) might have just stabilized around a dime, but you and Mark know better....
For you, it may be all good since you probably bought sub nickle, but the objective is to motivate current long term investors to remain loyal and inspire new long term investors to join the ownership club (at higher prices). So what about those that bought at a dime and then see the poor communication and SP crash?
Fomenting uncertainty, contradictory statements and missed commitments is not how you build shareholder loyalty, in fact it makes people more likely to dump the next run. So, IMO, the PR is turning more people into traders and flippers. You claim he is paving the road for improved relations and SP, but he is constantly damaging his brand and related good-will.
Is this stock even alive today?
I can't even feel a pulse....
On another note,...
Anyone think we snap out of the Pennant and fill that Gap in the chart and move back above $0.10 real soon?
Today or Monday, we might get a little trading action to break the monotony of Mark bashing.
It will be that way for the next 6 months, of course, to be blamed on Covid, with a forthcoming PR explaining how it will come together.
In fact, here I wrote it for Mark.....
AMECA is unable to complete a Website update due to travel restrictions and covid related delays.
Southcorp has not updated its Website, as of yet, and an RTO cannot proceed without such an internationally recognized Internet portal.
Southcorp is working towards a press release to clarify a possible path forward. As always, we act in the best interests of all shareholders. That press release will help in understanding the possible timing, going forward, and the milestones that will be needed to be achieved. As well it will give an understanding of the content sitemap within the AMECA Group Website, which may be suitable candidates for website development.
P.S. If the share price is rising, I will crash it to protect you.
First, Mark was not pumping the stock, the exact opposite (No communication EVER), the stock was moving based on the OTC market update, thereby providing some communication to shareholders of something positive related to RM.
Second, I don't know if you noticed Sherlock, but Mark crashed the stock hard (60%).
So your saying Mark had to crash the stock to protect us from a P&D?
Jeesh, I'll take my chances with the Market over a CEO trying to protect me from profits.
Undoubtedly. A PR should generally provide a shareholder communique to update schedules, new material information or future plans.
This PR foments uncertainty, created confusion and damaged goodwill with shareholders, current and potential future ones. Need evidence, just look at this board, the stock trades and the fact that a bunch of new and potential long-term shareholders bailed post-PR.
You guys may all say "F'em," "know what you own," etc., but people are attracted to a Co. that provides clear direction, delivers to scheduled promises and does not foment uncertainty when communicating. (IMO).
It seems pretty clear and I don't think open for alternative interpretations,
"and an RTO cannot proceed without such an internationally recognized report (NI 43-101)"
cannot proceed, is pretty plain and clear don't you agree?
A Nasdaq Co. Sets milestones and meets them or attempts to. A good Co., if late, would attempt to reset their schedule and related expectations.
I'm pretty sure they just said "We're late...., Indefinitely. And we're working on a PR that may or may not re-affirm what we said we'd do."
So I'm really not sure they should get props for a PR that foments uncertainty and literally destroys shareholder value. I'm a "loyal shareholder" and dont feel protected by any piece of info in that PR,IMO.
....These are all very good and fair points.
But let's say you were involved in a partnership and asked the General Partner (Me) for an update to the status of a project and my response was:
"The Partnership is unable to complete a Status report on the Partnership Project due to the uncertainty of related delays.
The Partnership is working towards a communication to clarify a possible path forward. As always, we act in the best interests of all Partners. That future communication will help in understanding the possible timing, going forward, and the milestones that will be needed to provide a status report update."
I don't think you would think very highly of my response, would you?
In kind, the market responded similarly to the PR, therefore it was handled poorly, IMO. Unless, that was the goal...
I agree with the posts that consider the PR less than helpful in the way of transparency,
Yes he squelched the rumors of Ameca owning all the gold in Sri Lanka, but he made the merger process and current status very opaque....
2."AMECA is unable to complete an NI 43-101 report on its Seruwalia property due to travel restrictions and covid related delays"
--They are more than 6 months behind schedule and can't add any clarity to the expected conclusion of this most important matter, why? They promised a 43-101 update back in August. Fine Covid slowed it down, but what is the update? You can update expectations of schedule without it being a P&D...
2. "As well it will give an understanding of the business units within the AMECA Group,which may be suitable candidates for an acquisition by Southcorp. Mining is only one element of Ameca’s business."
--PR implies (or one might infer) that it is possible that ALL of AMECA won't be merged into STHC in RTO. From the PR, the possibility is open that only something (maybe even a very small part w/o $4.4B in assets) like the exploration side of things would be merged (Schatzi only?).
Also, Mark signed the PR with his Schatzi email, is that a possible clue?
It is clear that the market agrees with some of the skeptics and senses a lot of uncertainty in these areas as well, based on today's trading....
Chemi, do you mean Companies that are doing this OTC RM thing like Ameca or do you mean traders and investors??
"Unfortunately, those new to the OTC and to the custodian/merger process, many times get screwed. If you don't know what you're doing or what to expect, it is best not to play with fire in this arena. "
I know for a lot of you seasoned OTC vets, this is "normal" action, but this was my first real OTC winning run. As in, a good sized position that moved in my favor in size and strength.
Disappointingly, I did not even get to bask in that success for more than 1 day before giving back almost all of the gains.
WOW, now I know what everyone means when they say OTC casino. I guess it's better to flip than hold...
Do you think that means that we consolidate price here in the $0.04-$0.06 range until the 43-101 comes out then? Basically returning to price action from pre-last week for the next month...
Why would they get a CE for moving forward with updating their OTC market profile info? That was all they did last week.
Man, that dude that sold out all his 400k shares at $0.115 on Friday is loving it today.
You buy back in?
GAP Down explanation is obvious:
1. Last week I was seeing posts that Ameca owned ALL of the Gold in Sri Lanka
--PR Squelches this (not saying they don't own Gold at their claims, just that it is much less than last weeks hype statements)
2. "As well it will give an understanding of the business units within the AMECA Group,which may be suitable candidates for an acquisition by Southcorp. Mining is only one element of Ameca’sbusiness."
--PR implies (or one can infer) that it is possible that ALL of AMECA won't be merged into STHC in RTO. From the PR, the possibility is open that only something (maybe even a very small part w/o $4.4B in assets) like the exploration side of things would be merged (Think Schatzi).
Also, Mark signed the PR with his Schatzi email (does it mean anything?)
However, it is clear that the market agrees with some of the skeptics and senses a lot of uncertainty in these areas as well, based on this mornings trading....
How did he pump the brakes in Aug.? PR? Tweet?
How much did you keep?
"I WISH I WOULD'VE BOUGHT MORE...."
--Everyone
(next week)
Should I buy some here or wait for it to pull back to this morning's price (like 5 cents)?
Thanks.
I love it here, exponential reduction in risk makes shares 3-4x more valuable to me so even though 100% share increase, the shares at this price today are worth more than at 4s yesterday. Picked up another 250k shares. LFG!
For real, who of the super long timers are buying more or bought more today?
Doesn't today's update take like 80% of the risk away at this point, so even though the shares doubled they asymmetrically worth like 2-4x more since RM confirmed?
TIA
Should I buy more?
Maybe half milly?
I just tried to buy 50k ask slap and it would not execute....
Honestly, who would be selling right here? Please enlighten me if you are a flipper and are selling...
Why wouldn't you at least wait for the recent high 7s or 8s?