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My educated guess is that with the deal looming, we should give them some grace here.
As of this morning I can see the bid at a dime and the ask at a quarter, after the huge volume a few days ago. I am guessing that the selling is done, and I may even start to take some profits around a quarter or so (not that there are any buyers at that price) to free up some cash, but at the same time i want to see what they are going to say on the deal.
Hmm I see there was 50 mill on the ask all day today. Someone wants out.
I've been quiet, nothing to report as far as I know, certainly was expecting a filing by now. I'll update as soon as I can find something out.
Hopefully remaining dilution has run its course.
I was able to buy 30K @.06 the other day.
110K just crossed the tape @.07, and the ask is a slim dime, after which it moves to a quarter. (there could be additional shares that come available).
I think we are just about there, well, at least I hope so :)
ok, but to my question, do you know the answer to that? If that .0001 is taken out, will the ask at .0002 all of a sudden go back to around the 50 million mark that has been consistent when there's been a .0001 bid ?
Can someone confirm for me ...
I just signed up for a free one month trial for Level 2 here at iHub. Looking at that the ask I see a couple million shares @.0001, no biggy, but, the ask at .0002 is only a million shares. Here is what I see:
Will the Ask at .0002 just balloon as soon as .0001 is taken out? What I can say, as I have said many times, is that there are no conversions taking place, and so the sellers are just those that are disgusted with the investment, which may actually be a lot of people by this time I realize.
I'm telling you, good things are going to come, it's taking much longer than we wanted, but they are coming. I am interested to know how much will be "Hillary" and how much will be other digital media stuff. I may be getting ahead of myself, got to get those filings out.
I was the lucky one...
To pick up another 26.5K shares @ 8 cents yesterday, which is now the lifetime low for this stock. Can it go lower, anything's possible, but not all things are probable. Problem is I don't have funds to buy any more without selling other investments, so at this point, it will be the opposite, I will sell this after it really takes off in exchange for other opportunities that I dont have the money for, if they are present at the time.
In summary, what I am saying, largely to myself since nobody frequents this board, is that this is a great deal at these prices, and they won't last for long.
Just picked up another 20K shares around a dime and I'll buy more under a dime if it gets there, but I am doubting it will. Not to sound like a tape recorder, but man what a steal at these prices. This is the best kept secret when in fact it is all public info.
Indications of interest now over 10 mill.
Just waiting on an announcement.
The web site has a splash screen for now
The site was down last week for a few days and its being re-worked. I believe a new phone # is also being worked on as the current one was disconnected as they work through issues.
Hang tight.
Oh hello zagdad, don't recall seeing you here before. Well then as you know well, there is another "related" opportunity outside of XCLK that will totally silence the lies posted on these boards about the largest controlling investor, I just can't wait and that wait is very short (public info).
The crystal ball is being maintained but it has a bunch of hairline cracks that make it difficult to see clearly for sure. There are also some black spots in it that make seeing certain aspects impossible.
good luck to you also!
The digital media part of the business has the most potential, BUT, the divestiture of Co-signer is still in the works, though I don't have the exact details on that. Focus is on getting the the 10-Qs out, though who knows if any surprises come in the meantime. What I wouldn't give to speed up time for this part of my life and get to the final result, good or bad.
I also said this a while back - whether this is a "SCAM" or incompetence / poor execution or bad luck or anything else in between hardly matters with regards to the end result - we either lose or we don't (or something in between depending on how you traded). The difference with "SCAM" is that we get very ANGRY at people involved and want to do terrible things to them (and understandably so), while with the other scenarios we might not get nearly as upset and might even walk away thinking we had a good shot and everybody tried their best in good faith and it just didn't work out. In EITHER case we always have to ask ourselves what better due diligence could we have done. In this case, if you re-read the press releases, the web site, etc., it would be easy to conclude that this was going to be successful. Contrarily, if you paid attention to the huge debt and potential conversions and the timing of them, then you would have stayed away (which I did not, humungo mistake on my part, not my strength in interpreting that data and the timing of it). Finally, if one chose to believe the lies about the largest controlling investor that have been repeatedly posted here as well, then one would likely never invested in XCLK regardless of what other positive news XCLK was putting out there.
My original post to which you are replying to already expresses my opinion on the SCAM aspect.
Company has posted a updated PPT on their web site that is worth reading, much of which one could pull from their filings and press releases. For timeline my understanding is they are on the verge of having final permits, while in the meantime they are getting equipment into place to be able to mine March-April time frame
Bottom line, they have gone to years and years of trouble to get this far, and honestly, the government hasn't made it easy at all, so much so that they have had to hire out consulting firm with people who used to work for the BLM to help grease the skids and push things through, it shouldn't be that way.
They are going to mine, the very high end equipment is arriving and being set up, and all the evidence they have provided from sampling indicates there is a percentage of gold in the ground for not only sustainable but very high profit margins.
Some might not believe that this type of mining can be successful and profitable in this state at this period of time. We'll know much sooner than later the answer to that question. Hold on for the ride.
Updates ...
- Accountants are coming up to speed
- Hillary fundraising will get going this quarter, but focus will be for latter half of year
- first 10-Q later this month
- The company has truly bumbled things up for sure, but they are turning around.
While I can say definitively that this is not a scam, one can very easily conclude that it is, and many have done so. Usually scams are designed to rip people off AND to make money for the insiders (money goes from one pocket to the other pocket) and I can assure you that that the latter part of the AND hasn't happened here at all. In fact just the opposite. So if you want to define a scam as just ripping off investors with those doing the ripping off not actually making anything in the process, well then, you are free to argue that, but that would seem to be a waste of one's time, sort of like robbing a house but never actually getting any money for what was stolen, doing it for the sheer joy of ripping others off or because you have nothing better to do with your time? But in fact I would argue that even the employees have lost out to date, in some cases people have not gotten fully paid for their work, etc. Like I said, a scam involves the scammers MAKING money - NOBODY HAS MADE ANY MONEY.
To that end, trying to be unbiased, some other angles:
1) MAYBE SOME lenders have made some money, so if you want call it a scam where the management gave lending opportunities to their friend lenders and maybe went into cahoots sharing in any money that the lenders made, well then that's a pretty far fetched idea.
2) The management INTENDED to scam people but were too incompetent to do so. Hmm, ok, with all the incompetence I guess that one is possible LOL
3) The management hasn't given up their goal of scamming and we are still in the early stages of the scam which will come after the company becomes successful. Hmm, that would be sad..
I do not subscribe to any of these just aforementioned angles. My personal view as I have stated many times, XCLK had good intentions, they had piss-poor execution, and they are in the painful process of picking of the pieces. Take or leave what I say, but that is my understanding.
Yes, this is a STEAL at these prices, an absolute steal. I am buying as much as I possibly can afford in this range before the big news hits. At 10 cents a share one can buy 10K shares.
I meant one at a time but once the first comes out the others should be much closer following. My understanding is that they are working through some issues and hence the delay. I know I did lay out a bunch of things as I had been told, but I don't really have a meaningful status on those items.
no question, I have said that all along, the closer it is, the better for fundraising for attacks and the like. But I for one want to know what they are actually doing on this front, I know one of my updates mentioned some campaign, but I don't know any more on that.
Noting that both ffaga and votersforhillary sites are up, though granted stale as could be.
I'll update as I learn more.
Jammin, My understanding now is that a first filing out will be later in February, certainly later than I have been anticipating all along. I know they are working through issues. We just have to wait, nothing else we can do.
Interesting, I just noticed that the Regulatory Circuit Breaker has been turned on for NETE:
National securities exchanges and FINRA have implemented a new "limit up/limit down" mechanism (FINRA Rule 6190) to combat extraordinary market volatility. The new regulation mandates that firms prevent trades in listed equity securities from occurring outside of a specified price band, which will be set at a percentage level above and below the average price of the security over the immediately preceding five-minute period.
Maybe due to that big trade that brought it down under 18 cents yesterday?
Looks like you have followed this in the past. Any guess as to why the marketplace appears to not be paying any attention to this? I mean, just look at the indications of interest from 300 people. Out of all those people, you'd think some would want to get in the door early with avlp, and probably a few have, but looking over the trading history in the last couple months, we're talking very few transactions, going days without a trade taking place, and some of those surely by the same people. That's the part i don't get. And I know there are people that scan these press releases for penny stocks and will take positions if they think money is to be made.
Filings now up to date with 10-Q filed yesterday
Press release today says "which they believe is imminent" with regards to securing financing.
John Suhr stated, "We are very excited about moving forward with AVLP. AVLP leadership has demonstrated commitment to the same core values that JS Technologies was founded upon. Their commitment to US manufacturing, respect for high quality craftsmanship, attention to detail and quality customer service, is without question."
The stock is not budging and hardly trading, which I find bizarre. The only thing that would be more bizarre is if and when the deal goes through, nothing happens with the stock, which I can't imagine would be the case. Why people are not just buying it up like crazy in anticipation is beyond me. So be it.
I have news for you, this is about as real as real can be.
I believe they have some checks in place for people that want to just make up fake emails, but regardless.
There is nothing wrong with the indications of interest page, though, if it were me, I would have disclosed more information, made it more interesting, but so be it, each has his/her own opinion about web pages and marketing.
So you think that an established legitimate 18 old company will agree to such nonsense, fat chance. The question now is how much will they raise and how fast, I can't wait to see that.
Regarding XCLK, lots of mistakes were made, it is embarrassing to say the least, I wouldn't blame that debacle all on Todd but would agree he would have to accept some of the blame for sure. But that engagement is not over.
Regarding nobody getting back to you regarding Smith & Ramsey, have you tried calling them and if so did you leave a message? No excuse for not getting back to people, at least not for AVLP.
Purchased 13K @.072. I think this is a steal at this prices, this company is not going anywhere with this balance sheet. New CEO's goal to buy distressed companies, this is the perfect time to make it happen
Extremely close at this point, need for AVLP to file literally any day now. Audits of JS/Suhr were very involved and expensive, but in the end it will be totally worth it to have clean financials. Lots of good stuff happening in the background with regards to financing this endeavor. Indications of interest in the 8 million dollar range. Watch AVLP stock, there's already a bid at 20 cents and the ask has risen to 40 cents. This should explode and sooner than later.
I've been quiet b/c not much to say. They are in fact working on the quarterlies and we should see something in earlier part of February, but as I've learned, "don't quote me on that!" It's nice to see a little volume and interest here. They are trying to address their debt situation at the same time.
I wouldn't focus too much energy on XCLK for the time being until they get these filings in, that's certainly been a big hindrance. Focus on your other opportunities, that's what I am doing.
I think this is a great deal/price, certainly lower than I would have expected, but the bottom should be around here with such a strong balance sheet. The general oil market is pulling this down, but it won't be like this forever.
Sure,
well we see what happened today, no appreciation in price. I would say that this is being heavily influenced by the oil and gas service market at this point, and people simply are not interested in anything to do with this market, more of a show me the money attitude. So fine we wait, but being a penny stock there is always the potential to take off at any time, regardless of what the general (or specific oil) market is doing.
News release on financials and executive leadership
http://www.otcmarkets.com/stock/ITEC/news/Intertech-Solutions-Initiates-Negotiations-for-Ammended-Gold-Streaming-Agreement-With-Westport?id=122850&b=y
The following just showed up in otcmarkets, which I find odd b/c it is dated 1/8 and I have been checking every day, oh well.
This is great news with regards to Craig Wiita taking control of the company. I have talked to him a number of times and he is extremely knowledgeable, very accessible, personable, very hands-on and has a huge vested interest in this project being successful, and will ensure that it is successful.
My understanding is that things are continuing to move along with final permitting this month.
Ok so we have a 20 million share bid, imiloa, that's not you still reloading is it? It ain't me.
yes I was just reading it, looks good, especially timely given the drop yesterday to 7 cents a share, this has got to be the bottom, let's see what today brings or if this release is just ignored with show me the money attitude.
thanks for posting, I bought some finally Friday at 8.5 cents and so I feel pretty good this is a bottom but surely I have said that before LOL
NEW CEO this past week who supposedly knows the industry a lot better than previous CEO who was more of a finance guy.
With Oil so low I would think this technology would do real well.
The reach out for indications of interest is now over 7 million dollars. The key now as I understand it is to get a higher number of interested investors vs. the actual dollar amount (the later of which will obviously improve with increase in investor count), but going public the SEC likes to see a broad base of interest.
Meanwhile the stock continues to sit at a lifetime low between 15 - 18 cents. You would think that with the interest in this deal so far, even though it will increase significantly in the coming weeks, we'd have more interest in the underlying stock AVLP, I just don't get it. But mark my words well, it will not be at this price in a short while. Management will not leave behind existing shareholders in AVLP who will benefit along with those who sign up for the program to expand JS Technologies.
Here is the facebook page which I have for the first time visited, it's pretty up to date and informative actually, check it out:
https://www.facebook.com/avalancheinternationalcorp
While hardly anyone may be following this board, and while that may never change, one can come back and look at these posts and realize that there was never a greater opportunity to get in than right now.
answering both Qs:
I have the same as I had what, like 8 months ago, nothings changed, somewhere around 180 mill (family combined), I'd have to check. Personally I have 128.5 mill which is just under 5% of O.S.
No I didnt buy today, would'nt have funds till tomorrow (which I stated earlier this week), and as of right now, I am going to hold off from buying based on other opportunities too hard to pass up, otherwise I would dip in. If I was going to buy, I will announce it here at least an hour before putting in an order.
I'd like to see this thing just stay off the ground and maybe take a few hits at .0002, I know that's low balling but faith has to start somewhere.
I just hope we don't get the talk we had last spring about a penny or 5 cents (keeping in mind the share count hasn't changed) and the like, I just want to see one step at a time. And I want to see results.
As of right now, I have another opportunity that is going to prevent me from putting up for XCLK, which is prudent diversification (besides the fact I have more than I know (or can) what to do with). If there is still some inventory at this rock bottom price of .0001 at any point that I free up other cash, which could happen any time (hopefully), then I am a buyer for sure of probably max 20 mill. Nonetheless, I will start taking off the table at much lower prices than last time, probably starting at .0005, just for prudence sake, no matter how well things may be going. I refuse to ever let that happen to me again.
Nice imiloa, I was planning on buying 15-20 million on Friday, but with commodity opportunities so unbelievable, I just dont know for sure, but I probably will and will announce here before I do. So this is a heads up for anyone wanting to do any buying before tomorrow at this price. It could certainly be dead money for a few more months, but I dont think any of us know that.
There is a document you should have gotten named ITEC Gold Delivery Instructions.pdf which has a heading: INSTRUCTIONS FOR PRIVATE PLACEMENT SUBSCRIBERS ELECTION FOR REPAYMENT OPTION TO TAKE DELIVERY IN KIND / GOLD
Looks like the gold option is deliverable in two parts, each separated by one year on Dec 31st. And it is delivered by Loomis Armed Courier. Can you imagine a Brinx-like truck driving up to your house instead of the Fedex/UPS guy, I can't. LOL.
Personally I am really only interested in the stock with the gold as a "backup plan", but I am told that the physical gold is attractive to lots of investors, to each his/her own. So I hadn't read the fine detail on the gold option but I just reviewed it when you asked. Both the stock and gold options require sending back the stock certificates you received - all this fancy certificate stuff seems a bit wasteful in terms of fedex costs back and forth but its probably the only legal way to do it (My efficiency take would be that this could all have been done electronically but I guess not).
Anyway, someone should be able to get back to you, I have dealt with Laura in my later relations with ITEC since it was almost impossible to get through to any of the Execs live, and she can make sure you are well taken care of.
Feel free to PM me as well and I can get you contact info, it's not been their strength to get back to people, so be it, so you need to be the squeaky wheel.
the ffaga site will be back up as soon as possible, thanks again mjam for the heads up.
The VFH site is back up now. Thanks MJAM for (indirectly) bringing it to the companies attention. The FFAGA site is still listed with Go Daddy, we'll see about that one also.
I'm checking for more detail, but I don't it was intentional but maybe missed payment for domain, need to check, let's keep an eye on it.
I think they may be coming out with an 8-k in the next few days, due to material information, but don't quote me on that. Regardless I think the plan is to remain silent until the Qs are out and then go gang-busters.
I guess we'll have to just disagree on this. Just because a majority isn't mining doesn't mean they cannot be successful. There is no reason to go to all this trouble and years of planning to just pull "desert dirt" out of the ground, there are no winners in that scenario except for a some people getting a job for a short while.
Why don't you talk to ITEC or WPE to challenge them yourself with all the specific questions you want. Or do you just want to continue making assumptions about this operation being a scam and that they'll just feed you a bunch of lies?
The time is short, so we shall have our answer soon.