Making $$
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GOLD UP $3.50....
Lazarus
BUY & HOLD...
>
>
THUNDERMOUNTAIN GOLD
been nothing but a $$ machine for me...
last year i was in @ around a penny and a half and was able to spin off some of my shares over 40 cents.
i reloaded under .02 again and am riding a nice little chunk of freebies.
if they grease the right wheels --- they might take up even further this time around.
Lazarus
PACW :)
Gold up $5.50...
>
BUY & HOLD
>
>
THUNDERMOUNTAIN GOLD
hey shawn ...
is kirkland - the company that makes the Canadian Bacon that i love so much is public.
if so, i think i wanna buy some. could drive sales up on my consumption alone ;)
Lazarus
MIIS moving up
hey ...im holding some...
....fingers and toes crossed
its a creepy crawler --- but at least its been going up :)
Lazarus
shawn... remember when i started buying PACW...
lol
just want you to know that, true to form, i am still holding some of those shares ;)
Lazarus
there is a big difference between...
....the number of S-8s that TTXI has issued and the billion+ that CMKM has out.
hey...just put in an order for a billion shares @.0003 and suck them all up. should run from there!
Lazarus
out LNUX this afternoon...
...could not figure why the runnup???
long since $1.26
Lazarus
i joined you in INIV this a.m. /em
have traded ALMI and it's on my watch screen. /em
some of these pennies are really rockin'...
the market as a whole aint doin' too bad either.
Lazarus
agreed!
RMMI looks to have huge potential
Lazarus
got a billion+ S-8's???
http://www.sec.gov/Archives/edgar/data/1092299/000111776803000024/casareg.txt
love it :)
little know penny oil...
http://www.rockymountainminerals.com
Lazarus
im betting the stock will go higher...
...but its much more sluggish since those S-8s were issued.
Lazarus
SHSH also on the pinks has been moving up...
i think they will eventually take THMG up as well.
www.thundermountaingold.com
http://www.stockta.com/cgi-bin/analysis.pl?symb=THMG&num1=1&cobrand=&mode=stock
Lazarus
I SEE lots of litigation /em
methinks THMG will also be a multi-bagger...
read the president's letter and the press release:
www.thundermountaingold.com
Lazarus
level 2 on MYNT???
the stock is not exchange traded. it is not on the OTC or the Pink Sheets. its a grey sheet stock. grey sheets are very difficult [but no impossible] to trade. unless you know what you're doing [and not to be condescending - but i doubt you do] it's not worth the effort to trade them.
good luck
Lazarus
omni your question made me go back and take a second closer look and the closer i looked the worse it looked!
from the filings:
As of August 18, 2003, the closing price of a share of our common
stock on the OTC Bulletin Board{R} was $.0067. On that date, our notes,
debentures and warrants outstanding with adjustable conversion and/or exercise
prices were convertible or exercisable into approximately 887,000,000 shares
of our common stock.
apparently i was wrong about how many shares are outstanding currently -- the filing says:
Amounts are based on 466,025,258 shares of our common stock
outstanding as of August 18, 2003 plus the corresponding
number of shares issuable.
so --- what you have is nearly a half a billion shares outstanding and a s h i t load of shares to be converted.
[the way i read that they are saying that at today's ask there are nearly 900 million shares to be converted.]
its too late to elaborate on the entire filing. hopefully you read the filing carefully and make an informed decision.
personally, i doubt that the stock will run from here. on the other hand if you put in an order for 900,000,000 shares at the current ask and suck up all those cds --- IT JUST MIGHT.
Lazarus
ps --- http://www.stockta.com/cgi-bin/analysis.pl?symb=CNES&num1=1&cobrand=&mode=stock
just read the Q and the prospectus...
last Q shows something like 345 million plus shares OS
then read the potential conversion factors in the prospectus:
______________________________________________________________
The applicable conversion price of our debentures issued to certain
security holders is variable and does not have a lower-limit, therefore the
dilutive effect to our existing security holders is theoretically limitless.
Conversely, because the variable conversion price of these debentures has an
upper limit, an increase in the trading price of a share of our common stock
will result in a limited benefit to existing security holders with respect to
the conversion of these debentures. The following table sets forth the number
of shares issuable upon conversion of the principal portion of the debentures
issued to certain security holders and outstanding as of August 18, 2003,
based upon the indicated hypothetical trading prices:
2
Approximate
Number of Percentage of
Hypothetical Shares Company's
Trading Price Conversion Price (1) Issuable (2) Common Stock (3)
------------- --------------------- ------------ -----------------
$.008 $.004 250,898,000 35%
$.006 $.003 334,530,000 42%
$.004 $.002 501,795,000 52%
$.002 $.001 1,003,590,000 68%
________________________________________
just read the Q and the prospectus...
last Q shows something like 345 million plus shares OS
then read the potential conversion factors in the prospectus:
The applicable conversion price of our debentures issued to certain security holders is variable and does not have a lower-limit, therefore the dilutive effect to our existing security holders is theoretically limitless.
Conversely, because the variable conversion price of these debentures has an upper limit, an increase in the trading price of a share of our common stock will result in a limited benefit to existing security holders with respect to
the conversion of these debentures. The following table sets forth the number of shares issuable upon conversion of the principal portion of the debentures issued to certain security holders and outstanding as of August 18, 2003, based upon the indicated hypothetical trading prices:
2
Approximate
Number of Percentage of
Hypothetical Shares Company's
Trading Price Conversion Price (1) Issuable (2) Common Stock (3)
------------- --------------------- ------------ -----------------
$.008 $.004 250,898,000 35%
$.006 $.003 334,530,000 42%
$.004 $.002 501,795,000 52%
$.002 $.001 1,003,590,000 68%
http://www.sec.gov/Archives/edgar/data/790273/000079027303000051/prosp803supp.txt
_______________
little known oil/gas play.....
http://www.rockymountainminerals.com
Lazarus
hope you took the time to read the filings...
...pretty flakey track record.
http://www.sec.gov/Archives/edgar/data/1090461/000109432803000276/global10k090203woex.txt
Lazarus
welcome back shawn :)
Lazarus
took my profits on MRVC today...
may buy back in on a pullback.
Lazarus
nice short...
...definitely looks like a pump job.
as for LITS i take no credit...just happen to own shares on the cheap and believe that penny golds are in the beginning stages of a bull run.
did you see SRLM? [im out now] but yeow!
Lazarus
IN THE MONEY:Aero Marine - "I Think I Can, I Think I Can"
By CAROL S. REMOND
A Dow Jones Newswires Column
(This article was originally published Tuesday)
NEW YORK -- Here's a little creative financial alchemy for you.
Begin with three shell companies that appear to have total cash on their books of less than $7,000.
Now, one of these companies forks over $1 million to buy some assets that are valued at $65 on the acquired company's books.
Toss in a reverse merger between two of the three companies. Add a name change. For good flavor, sprinkle with a 3.1-for-one forward stock split. And hire a promotional newsletter called The Intrepid Investor to spread the good word about the revolutionary engine technology this new company is developing.
What we end up with is a company called Aero Marine Engine Inc. (ARMR ) that carries a market capitalization of about $81 million.
Not a bad day at the office for the four main investors in this company who own stock worth in the area $60 million. Especially given that they just created all of this over the past several months.
Aero Marine Engine was formed in May through its reverse acquisition of publicly-traded Princeton Ventures Inc. in a stock transaction, according to the company's filings with the Securities and Exchange Commission. In June, Aero Marine acquired all the assets of another public company called Dyna-Cam Engine Corp. (DYCE) for $900,500 in cash and one million shares.
The filings don't explain why Aero Marine spent close to a $1 million to acquire Dyna-Cam's assets, which were listed on the company's balance sheet at $65. A recent press release from Aero Marine said that "to date there has been approximately $8 million invested in developing the cam engine."
The Dyna-Cam engine was first developed in the late 1980s. No engine has ever been sold. But Aero Marine sees great potential in Dyna-Cam because it has "approximately 50% fewer moving parts than a conventional internal combustion engine, has a greater power to weight ratio, produces high torque at low rpm, operates with less vibration, and is lighter than the competition."
Meanwhile, as if the buying/selling/reverse merging/stock splits etc. isn't enough to keep you head spinning, Aero Marine, and/or another public company controlled by the same four insiders, is apparently in the process of buying a majority ownership in another company which will be central to its production of the Dyna-Cam engine.
According to The Intrepid Investor newsletter, which was paid by what it calls a "non-controlling shareholder" of Aero Marine called Mayapan Enterprises Inc., Aero Marine recently acquired 70% of Bogner Industries Inc. of Ronkokoma, Long Island.
"The acquisition of Bogner's production facilities, warehouse and highly trained staff gives Aero Marine the resources it needs to begin manufacturing the Dyna-Cam engine," The Intrepid Investor tells readers.
The Intrepid Investor, which was sent to subscribers in early August, isn't shy when it comes to promoting the potential of Dyna-Cam calling it "The little Engine that could...make you a fortune!"
The newsletter tells readers that Aero Marine is "a new, well financed company" formed to bring the Dyna-Cam engine into production. But what The Intrepid Investor doesn't tell readers is how Aero Marine financed its purchase of Dyna-Cam.
The newsletter also doesn't provide information about the four insiders who control Aero Marine, including one who has filed for personal bankruptcy six times in the last 10 years and who was recently ordered to stop selling unregistered securities by Pennsylvania state regulators.
These four insiders include Garth Bailey, Robert Fyn, Murray Stark and Peter Mergenthaler and they own 38 million shares of Aero Marine, or about 76% of the 50 million shares outstanding. These same four also recently took control of another publicly traded company called Perma Tune Electronics Inc. soon to be renamed Trans Max Technologies Inc. (PTUN).
Bogner, which according to its website is a maker of processing and packaging equipment, looks to have fallen behind on some of its bills in recent months and has been in default on a $638,661 judgment obtained by J.P. Morgan Chase & Co. (JPM) since February. J.P. Morgan obtained the judgment after Bogner failed to repay a loan.
According to John Pittoni, a lawyer that represents J.P. Morgan Chase and its claim against Bogner, Mergenthaler recently offered to pay the bank $300,000 to erase Bogner's debt through Trans Max. A deal that J.P. Morgan Chase accepted.
Corporate records show that Mergenthaler is chief executive officer, director and major shareholder of Trans Max which was created through a reverse merger in July.
Mergenthaler said in a telephone interview with Dow Jones Newswires that he only recently became aware of The Intrepid Investor's Newsletter report on Aero Marine. He said he didn't know who controlled Mayapan, the firm that paid some $425,000 to produce the newsletter. He also said that Trans Max, not Aero Marine, is taking over Bogner.
"It's a misprint, a misinterpretation" of the Bogner transaction, Mergenthaler said of The Intrepid Investor's version of events. He said that after many discussions between Aero Marine and Bogner, the two couldn't come to an agreement.
"Trans Max has loaned a substantial amount of money to Bogner," Mergenthaler said, adding that "Bogner will enter in a contract to do the final development of Aero Marine's engine."
Garth Bailey, Aero Marine's chief executive officer, wasn't available to comment. David Loev, legal counsel for Aero Marine and Trans Max, said that to his knowledge Aero Marine didn't finance The Intrepid Investor write-up on the company.
Asked where Trans Max got the $300,000 to settle J.P. Morgan Chase's claim against Bogner, given that the company had just $6,608 in cash on its books at the end of June, Mergenthaler said that "a group of us has invested in excess of $2 million" in Trans Max.
J.P. Morgan Chase lawyer Pittoni was quite taken by Mergenthaler, describing him as "quite a guy, a well-heeled industrialist" who owns a number of companies.
But court records in Florida show another side of Mergenthaler, that of a man who on multiple occasions over the last decade filed for personal bankruptcy in U.S. Bankruptcy Court Southern District of Florida.
Records show that Mergenthaler's attempts to settle his debts were thwarted by the court on six occasions, including one in 1995 when he used his dead mother's social security number to file for Chapter 13 protection.
Mergenthaler, who also used the first name William, told a reporter for the Sun Sentinel in 1995 that he assumed the false identity of William (using his deceased mother's social security number) to hide his bad credit history.
Mergenthaler said in the interview that he filed for bankruptcy as a way to forestall his creditors and in the "hope to come to some form of accommodations with" them. After first saying that he never used his mother's social security number, Mergenthaler said that he didn't remember using it or talking to the Sun Sentinel reporter about why he did it.
Court documents show that Mergenthaler's most recent bankruptcy petition in 2002 was dismissed by the court last September.
In 2001, Pennsylvania state regulators ordered Mergenthaler, another individual Charles G. Van Mehren, and a company called Falcon Security Systems Corp. to stop selling unregistered securities of Falcon in that state. Mergenthaler is identified as chief executive officer of Falcon, a company that claimed to be in the business of developing condominium security vault complexes to store valuables.
Mergenthaler said that he simply accepted a fee to write a business plan for Falcon and was not related to the firm. He said that he sent a number of letters to the Pennsylvania regulators to request that his record be expunged.
Meanwhile, Aero Marine's stock closed at $1.65 a share Tuesday after topping at $2.54 last week.
Given the lack of information about the company and its finances, and the history of one of its insiders, a man who appears central to one of the company's latest acquisitions, would-be-investors may want to wait a little bit before ponying up any of their hard earned cash. Especially since no Dyna-Cam engine, however revolutionary the technology could end up being, has ever been sold.
(Carol S. Remond is one of four "In The Money" columnists who take a sophisticated look at the value of companies and their securities and explore unique trading strategies.)
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com
Updated August 27, 2003 7:32 a.m.
i dont know when it will run...
...but a breakout over .06 is likely.
best of luck
Lazarus
ps --- THMG is building strong... if it goes over .17 bid and holds...it should move up from there.
i'm in /em
mangaged to grab 10k ALTX @ .06 yesterday...
company has about 14 cents per share in cash.
Lazarus
watch your downside - the upside will take care of itself.
my order for 25k @ .025 was filled for 12500 and then GVFR moved up.
i think the mms are just manipulating this one --- because it hasnt had any interest or press. i think they sometimes just take 'em down to taunt us. i have had this happen so many times --- and then KABOOOM!!! the stock takes off.
i'm willing to hold it LT and wait for a payoff.
Lazarus
many thanks...
i'll be the first to admit that it isnt always a picnic in the park --- we've made it 25 years though.
to give credit where credit is due: the grace of God [and the forbearance of my spouse]
Lazarus
shawn -- that's me picking up a few more today...
...hope you got a few on the cheap the other day.
there are less than 10 million OS and 3 insiders own about 41%. its an old company with old-timers at the helm. the resort does about 10 million per year in business and they get have some oil revenues as well.
i dont think the assets are shown at fair market value --- IOW is suspect they are worth considerably more. outlook for bookings is favorable.
it does seem that when they make $$ they end up spending it -- but right now they are doing capital improvements [per filings] upgrading sprinkler and alarm systems.
the market cap at .02 is around 200k and unless i'm missing something it looks cheap....and i dont really see much downside risk for the long term penny player.
i estimate the float at around 5 million -- and the company has 3500 shareholders.
Lazarus
yep - we're a dying breed /em
DSLN may be the better sympathy play /em