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thanks again, appreciated.
and by the way, the other great advantage of the penny stocks, they are so disjointed from the general market which can tank while the penny remains steady or even rallies on the news of the day, its actually a nice way to diversify, albeit in a risky risky way.
It does seem hard to believe the market can tank next week or thereafter, but I really do believe its coming soon, just dont know exactly when but I am ready and if it rallies more, I will continue to add to short positions.
Really appreciate the openness here, I hope we can all be as transparent as possible.
Likewise I have a small - mid-sized short position on the market, albeit thru rydex funds and not options b/c the timing is just too risky for me - I'd never be able to sleep betting on timing, which is why I have liked XCLK b/c its been like a long dated option, the risk of course is that time does eventually run out, but unlike an option, you dont know when it will run out until it does LOL
Thanks again, best to you with the options and remainder of XCLK
Now what I want to know is who sold out the remaining 100 million shares today!!!
The old auditors went out of business (or closed on their own, i dont know) so they didnt have a choice.
I am told a timeframe of when audit could be filed (reasonable IMO) but as I mentioned after 10/1 I would not dare mention a date for my own sake (reputation if I even have one anymore).
As far as why they havent been communicating, I understand why, it's what i thought for a while now, and I personally don't agree with it, but then again I am not an expert in this penny market space, but that's the advice they have been given from their advisors. It's not necessarily meaning anything bad per-say with regards to the business, but it's just the advice that's been given them. Personally I wouldn't do it that way and I know a lot of you all out there would not, since in fact we are the shareholders seeking knowledge, but we're not the decision makers and not the ones responsible for the well being of the company. As we've seen they have lost shareholders as a result.
Please don't shoot the messenger, but that's what it is.
Hang tight if you can.
That's a GREAT point.
We have to be really careful about pulling up stuff from 2014 and even 2015. We don't have confirmation of a lot of those efforts. Personally I know stuff is happening, but nothing has been made public and we have to all keep that in mind.
On the audit front, I know it has been mentioned here about the audit needing to get paid for and it possibly being paid, that may be true (I am not dead sure), but I also know, believe it or not (and I have a hard time believing it), there is still work being done on finishing touches of the audit, as angering as that might be to some of us.
This much I can say, when this thing comes out, it will be bulletproof - good luck blowing holes thru it, not that anyone would be interested in doing so, but anyway... Whether it will tell us a lot of stuff we don't already know, I am not sure, but if there are any material events in this last, I don't know, say 6+ months, then I would think that they have to be covered as well (moving target analogy I mentioned before)
Good luck all, keep the faith, whatever you have left that is :)
While this has been a painful drop, I have continued to load the longest dated options (April 2015 is as far out as one can go) as I have done with KOL and FCG which are in a similar boat. The premium is around 40 cents, which for ETFs that in the past have traded at much higher prices, is a small amount to pay for the leverage (though I wish they would have longer dated ones). I think the worst is over for this TRIO, we'll see. Seeing them rebound to even $11 or $12 level would be a nice profit.
This board is pretty darned dead, as is the volume that trades for the stock, which is a shame. Take a close look at the press releases and share structure of AVLP. Suhr Guitars are world renowned and AVLP is a holding company looking for great acquisitions, and in my opinion, this is an absolute killer deal if they can make it happen and get the financing which they have been in the process of doing and will continue to do. At current prices, this is a steal and I have loaded up and will continue to help support the (albeit low currently) bid if necessary. I could see this easily tripling in price in short order as a starting point to even greater gains.
Hopefully this stock can get enough attention and holders to qualify to get onto an exchange, I know that that is their goal.
All I can say is that I am still a strong believer, HORRIBLE as the lack of communication that we have had to live through has been. Keep the faith as much as your conscience will allow, we're close (realizing this has been said a gazillion times)
I dont think so, they are a major reason why the company is still afloat!
Ah man, so discouraging. I wish I lived out there and could go on site and well, probably not good to post here but it might involve yelling and screaming. It really sucks when a longer term investor like yourself has given up. Well like you said, one can always get back in, possibly even at these low prices, so I wish you the best, I don't fault your decision by any means.
I have no idea why they can't issue something, it is beyond me at this point, it doesn't make sense I agree. At this point I don't see how silence helps anyone, investors, creditors, employees, customers, vendors, governing bodies, or the like.
I understand there are thousands of stockholders of record, and with that many stockholders they surely can't talk to everyone. But that doesn't preclude sending out press releases and updates. So sorry I don't have an answer but I'll try to get one. Maybe they'll tell us that after the fact, who knows. Seems like they are only hurting themselves and us, but again, I don't have the full picture sorry.
Understood ...
One can read my posts from day one from the last year. If I were not telling the truth, i'd have be darned consistent in doing so, but like you say, anything is possible
do I think I am not getting the full story, maybe not the full story all the time, but I have spent countless hours talking to them and nowhere do I have any indication I am being lied to, in fact just the opposite (though my wife has other things to say, but that's another story - not sure her woman's intuition counts here). Could things just fall apart without there being lies, sure that can happen too, and I have SAID THAT multiple times that if the company were to not make it, it would not be b/c its some sort of scam (which we have heard over and over on this board) but b/c they gave it their best shot and failed, which is probably the story of many companies. Whether incompetence plays a role in how things turn out, well, some here have already made up their mind on that! I'll repeat for the gazillion time, nobody is getting rich off of XCLK, EXCEPT for maybe some of the lenders who always seem to have a way to ensure their own success. Obviously again, anything is possible, but not all things are probable (elliottwave.com).
Found this board after posting on the ITEC board for a while now. Take a look at ITEC - they are in the financing and gold mining production/engineering assistance business getting started with their first project any day now with West Port Energy in Arizona and a second mine Hunter Creek in Alaska. You can be sure they have other opportunities up their sleeves as well. I cannot see how they can lose, baring not getting fully permitted which they are on the verge of doing, or there not being the gold they expect in the ground, which test show there certainly is. The stock is trading at 5 cents a share, with a market cap of 4.6 million - that's not a typo. Imagine what this is going to look like a year from now.
Update: hold tight, we're close ...
I won't provide any more specifics on this forum, but I understand that we're very close but as I stated in my last post, I wouldn't dare give a date even it it were today, since, like everyone here, part of me stubbornly still hangs on to "I'll believe it when I see it".
I see 18 million shares traded at .0001 today, someone was fortunate to still get in at that price and someone unfortunate to unload. Don't make that mistake - I am holding and for those that haven't vested what they're willing to lose, this is likely the last opportunity.
I do hope that in the end the company can be transparent with what has transpired, but regardless, if they quickly came up to date on all their filings (which they said they would do at one point), and the stock responded, most people I think will at least forgive and forget the delay, recover some of their money, hopefully make some good money, or even better remain as longer term investors as I have been. I believe that much of what the company has said many times in the past (see press releases) remains true, and while these dark days have certainly tarnished those words in a big way, things are recoverable, let's not lose sight of that.
Hang tight.
Progress continued to be made, see latest press release from a week ago. Next is army core of engineers permit and Bulk Sampling Program. They are so darned close to going into full production maybe within a month, and this stock is completely under the radar of the world with almost no trading volume or movement. Fascinating.
Frankly I am shocked that the filing is not out there yet, I really am, and I have no good reason as to why it is not either. Extremely dissapointed. That said, I know that a lot of money was spent on this, and so I cannot imagine it not getting released. That said, after my last update I said that if it wasn't released by the end of month I would not offer any further timelines, not that I actually know any at this time, and so I will stick with what I said. All that I will say is that I know that it's coming, and dare I say very soon :(
Also I am willing to forgive all of this when it is released, as hard as that may seem, and I hope others will be able to do so also, but if you cannot, I totally understand just walking away. But at least let's hear what the company has to say after silence is broken, perhaps it will enlightening. Maybe they should consult with some of us in helping with their messaging, that wouldn't be a bad idea :)
Good luck to everyone, we could use it!
Affiliate Marketing: There is a broken link on XCLK's FB site back from beginning of 10/2014 that supposedly would describe how affiliate marketing works. I found another link on YouTube from some punk who appears to know what he is talking about, and it may be worth reviewing since it is one of the technologies XCLK is involved with:
I have said this before, actually, we want competition - the more competition, the more money needed to fight the competition. So from my side, I'd like to see as much competition as possible.
On a side note, regarding Trump, its scary, he is so full of himself, so prideful, yet, somehow he attracts people including me and now my wife is actually starting to believe him. In an interview the other day, he did finally acknowledge that calling Rubio a clown may not have been the best, but it really took a lot to get it out of him, and that is a concern. He has this way of convincing people that somehow he will make America great again, he'll do deals left and right with the parties, he'll close down large sections of govt., and he'll work with everyone, he comes across convincing in many ways. He's either brilliant and will be able to do so, or he's fooled me and many others.
Look forward to see how all this plays out.
Good for him! Let's see if it amounts to anything, is he saying anything of significance?
Speaking of FB, I'll try and find out why the posts were removed, that was certainly bothersome since that is supposed to be an official supported way to do IR. It's sort of like retracting a press release LOL
Dont mean to be sarcastic, but I will not blindly cheerlead here, that I will never do.
I'm glad about the dilution reminder, we need any positives we can find after this filing debacle, which I suspect has actually hurt the business beyond what it has done to the reputation.
Im hoping we can actually hold our breath on that one. Theres not going to be any dilution that I am aware of, which would be very cool.
Well we are getting awfully close to end of month for the filing. I don't want to be called a liar, and so if it doesn't come out by tomorrow night, I'll have to go silent in providing any more dates to avoid making myself look more of a fool than I already am. This much I know, it's coming and it's very soon, there is absolutely no question about that.
One thing that's been explained to me, not that its a valid excuse b/c there is no valid excuse, but the longer it takes, the more updates to the filing are necessary that go beyond the time period covered by the filing, like a moving target. Material events and the like. Many companies may not be able to even recover from such a delay. That's why I am thinking that they'll automatically have a head start on the quarterlies that will follow, at least that sounds like a good theory. I know I know, I'd rather have had the 10K filed long ago, we all wanted that, but if there is any consolation, then the successive filing of quarterlies would be it.
Don't give up ship, not that we have much of a choice at this point. But I do have a feeling there will be some that will bail out on a rally and never return, and I can totally appreciate that. For me it will depend on the news being released, with some built-in profit-taking to better diversify.
Which is interesting, so, these stocks don't seem to work on buy the rumor. Like before pre Hillary announcement there was no bid, yet we knew that she was going to announce, very obvious, and it did respond after she announced. Same thing here, we know that they are going to release the filings imminently, at least according to those of us in the know (assuming we are not lying (I am not) or being lied to (absolutely no reason to believe so)), so why aren't people just buying the ask, even if for a short run if that's all their interest is? Just a thought, like I said, I had the exact same question back pre Hillary announcement which I posed to the board.
For those of you with a lot of experience in penny stocks let me ask, how many times have you seen a company stop reporting like XCLK has for as long as they have (along with no press releases and the like, I almost don't want to count the FB but should I guess) and then come back out of the ashes to rise in glory?
I've been told, "super close", take that as you want.
Anyone who owns few shares, if I didnt have so many shares and restrictions, I would put in a huge bid at .0001, or certainly buy some at the ask of .0002.
To each his/her own.
Ha ha trying to narrow it down to the time of day after this long is like, well, picking the right lotto number.
That said, I will share what if anything I can find out. For now, worse case by end of month, which is only 5 business days, but I am thinking sooner, like this week.
I dont know, but, its probably taken every ounce of energy and resources to cover this time period, and, with new auditors I think they are maybe going back to the beginning of time to confirm everything to date, sounds ridiculous but they need to put their name / approval on it and so it ends up being a huge additional cost and time sink for the company, let alone setting them back many months in growth and putting risk on solvency. Definitely a learning experience.
Honestly, I think some of them might tell you that they are better off as a private company not to have to deal with all of this overhead.
That's what I have been told, more than once. So I am going with that. The urgency is high as I understand it.
My hope is that months from now we have all forgotten what has happened and that if anyone new comes to the board they would have to search the history to truly see what we all went through (since press releases would never capture that pain)
I've heard worst case end of month, but likely earlier.
Definitely looking forward to read through the filing and see what all the hoopla was about. I expect to see a boatload of numbers, enough to probably make us dizzy, but I expect that after the huge amount of money and effort poured into this effort, they'll all add up as they should :), since there is no way in the world the auditors will sign off unless they feel things are up to snuff.
And we can move on. I am really curious if and how much the share price will move. I would expect that when people see the company is afloat and serious about their business, then it should at least move higher, but I dare not guess by how much, that's a futile exercise.
I understand your frustration. I probably have a lot more at stake and am probably a lot more frustrated than you as well. The difference appears that I have some more faith that something good can come of this. At least I will say, they are real employees, whether people want to believe it or not. How successful or not that they are is yet to be seen. Good luck to you in whatever you decide to do, please wish me the same!
According to the last release, we should be close to having provided the necessary information to the BLM. I would expect some news soon.
You're right, it's impossible to be satisfied especially with such a wait, the uncertainty, and yes with money being tied up. But I wouldn't make the assumption of nobody being in touch with the company. I have been in touch with them quite a bit, consistently over the last year, and recently, and I have certainly shared quite a bit with this board (but not everything). To bail out at this point I think would be a mistake though, especially since we're real real close. I have a feeling many are ready to pull the trigger to sell out when it does rally next, and I certainly wouldn't blame anyone for doing so. But at least it should be based on more info that has been provided so far (i.e. close to nothing) and I am thinking that fewer will sell out at first opportunity than are thinking to do so at this time, but we'll see.
Look, the company has been fairly transparent through the spring. If one can get past this stretch of uncertainty, and give the company the benefit of the doubt noting that getting the audit done was a lot more involved than they ever imagined, then there may be good things to come. If one simply cannot wait any longer, then sell and move on.
The beauty of a penny stock like XCLK, unlike a stock OPTION that has true time decay, there is no time decay. Granted, they cant go on forever, but they can go on for a very long time and hold on to life and the price will not deteriorate (unless it goes to no bid but even then it can come back as we have already seen it do.). What a beautiful thing - a hellavu lot better than my gold stock ETF long-dated options that turned out to be worthless but which I was almost dead sure would be profitable.
I do have direct contact with some of the leaders but it would rather not provide names here due to privacy
You have and should have every right to be unhappy and concerned. More than the 10K is the fact that it has held up other reporting so that we are in the dark for an extended period of time in how the company and campaigns are doing.
When it rallies and we have the opportunity to sell, then each of us, based on what we know at that time, will have to decide what to do. Hopefully the news will be such that we want to hold a majority, that's what I am banking on, but I will sell some, that's for sure, as I have too many eggs in one basket which is not prudent, no matter how good the investment is or seems.
I have no evidence that this is a scam, but I can understand if people feel that way. Nobody is going to the caymans, that much I know, and I have said that many many times (I ack that you admit that you said that in jest)
You can call the company, the phone is always answered, and they may or may not take your call, but keep in mind that if every investor did that, they would never get any work done and things would get delayed even further. Based on the size of your investment, I would think that you have the right to at least a conversation. But anyone with a few million shares should probably not be bothering them. But I would caution anyone who calls to be respectful regardless of what your opinion is and not suck a lot of time as doing so will only hurt us all.
We're close, no use in bailing out now. As you said, focus on other stuff while waiting.
I hope this is helpful
NICE humor!
But I dont even think Kurt is part of the picture any more. I literally havent heard his name mentioned and I haven't talked to him in a year and while he is marked as the CEO, I am not sure that that is the case, not that it matters much. Has anyone on this board talked to him in the last year? I highly doubt it. Regardless, someone can and will deliver our presents :)
If there is anything that I have posted incessantly, its about the share structure and that the company, believe it or not (addressing this to the board, I fully understand anyone or everyone who bashes this statement), has the stockholders interests in hand, I really believe that. IF further dilution had occurred this summer, it would have had to be revealed. It does not mean it is still not possible, but I tend to think something more healthy is around the corner as you mention.
And I agree that while this venture has taken much longer than I had ever dreamed of (been an investor for 1.5+ years), and may extend even longer than I still dream of, I'm willing to hang in there, crazy as it seems sometimes.
For those of you on the fence, I would wait it out, but don't lose sleep over it.
I would also warn of chasing it after it has taken off a bit, but rather to get in now while it is off most peoples radar. For a couple thousand bucks you can get 10 mill shares (if they remain available) which is a probably a minor investment for most.
If you go back to posts of mine maybe in June or July, I asked the same question of will we ever be told why it took so long. Maybe we will be told, maybe we won't, or something high level in between. But lets put it this way, after all of this is over, who cares (not trying to be a wise guy here) it will be forgotten so quickly on this board, just like the predictions of multi-pennies for the stock price have been forgotten and when the stock runs will be dredged back up. It's simply human nature, I am convinced of that.
What will matter will be the news of the day, hopefully someone positive, AND, the ** fact ** that we will not go thru this pain again (maybe a different pain, I don't know). That alone should be enough for most of us to be able to move on and not dwell on what appears to have been one of the dark periods of the company. I for one will NOT dwell on it, I refuse to do that, and it doesn't matter unless it becomes a systemic problem which I expect it will not.
As far as having the company communicate to us just something, well, they have done that before, things didnt progress as they were supposed to as we all know, and so when things get to a certain point, they may have come to the determination that it is better to say nothing. That is THEIR prerogative. We can either respect that or sell out and move on to other opportunities. We all have that choice.
Make sense?
Having talked to the company last week, yes I believe that to be correct, this week for sure. What we get in that, I have no idea, but at this point, I dont care, I really dont. Its the gateway to better times.
There's been lots of discussion about whether anyone is around and if the lights are on.
XCLK maintains a couple locations, Las Vegas and CA (I dont know the address). Johnny you might have shown up when they were all out for lunch - they all go out together at once maybe for an hour from what I have been told, and the place gets locked up, and so that is what could have happened. The reception when you call is in CA. But they are around and if I were within 6 hours of Las Vegas, I would drop in for a visit, but on East Coast, I will have to plan a flight, and I am planning to do just that, I just don't yet know when.
I am not sure it makes anyone feel any better, but that's what I know, take it for what it is.
Don't forget they are still essentially a startup, and anything goes, so dont expect the welcome mat. That said, having spent many hours on the phone with them this past year, it has been for the most part a pleasant experience. Nonetheless I still dont have answers to many of the questions being asked here, but I am sure we'll find out before too long. Try and stay positive all!
I have, but, I have nothing of significance to report. I am just in waiting mode. I wouldnt read into the fact that they have been silent about the 10K though. Keeping us up to date via FB, when dates have fallen through a few times, may simply not be in the best interest of the company or us, its a toss up really. It will come out, news (hopefully good) will follow, I just have no idea of the timeframe, but as I said, it has to be sooner than later. Sorry not very helpful!
Thanks for doing that, I really really appreciate it. At one point it will be buys like that that are the starting point to the move up combined with folks who own that are not selling. I used to be that buyer whenever the stock went down (never up), but now I am dry and would only be a seller (but at higher prices for sure).
Not sure there is anything more to say on this board that has not already been said. The news will come out eventually, and hopefully it will result in a move up that will be permanent. But certainly it has to be sooner than later at this point, whatever "sooner" means.