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shakerzzz, I'm not saying that the EAGM float is 195,000 shares. That would be impossible, but the numbers from pinksheets.com leave much to be desired. I've got an email and two voice mails into the company, and they are fairly decent on responding in a timely fashion.
Here's the last one received:
Dear ______,
Thank you for your email.
As more information becomes available to the public, we have no doubt that El Alacran will confirm to its shareholders that it is a world-class mining company, with an ever-growing portfolio, and ongoing potential.
We can only ask our shareholders for some patience as we release more information and news throughout the next several weeks.
Thank you again for your email and interest.
Management
I received the very same email from them a bit ago. Very nice to know that PR's will be flowing from the company, to clear such matters up.
Very good to hear
Trust me, you guys dont want a PR to be issued on a friday. Let's pray for a PR on monday - that'd better suit the situation.
your average is .085? wow, almost unbelievable
wally, are you blind? Dont you see the figures he hilighted in BOLD FACED PRINT??
If there were 195,000,000 shares back in APRIL, then the reverse split occured A MONTH LATER in May - simple math = 195,000,000 / 1,000 = 195,000shares
Now ofcourse we know there arent just 195,000 shares in the float, but surely there arent 195,000,000 either.
Thats just common sense
If the current shares outstanding are 487,591,000 then how is it management can make the statement of "we have an extremely tight float" ??
IMO, the transfer agent is quoting figures PRE- REVERSE split
re: EAGM email from management earlier today
Authorized Shares: 500,000,000 as of 2006-04-04
Float: 195,000,000 as of 2006-04-04
Current Capital Change:
shs decreased by 1 for 1000 split
Ex-Date:
Record Date:
Pay Date: 2006-05-23
The thing is, that these figures have the float at 195,000,000 shares as of APRIL 4, 2006
The rev split 1:1000 occured a month LATER
So 195,000,000 / 1,000 = 195,000 shares
Email responses from management state "we have an extremely tight float and this stock will rebound with our future press releases"
EXTREMELY TIGHT? I'd say 195,000 shares would fit that description
Authorized Shares: 500,000,000 as of 2006-04-04
Float: 195,000,000 as of 2006-04-04
Current Capital Change:
shs decreased by 1 for 1000 split
Ex-Date:
Record Date:
Pay Date: 2006-05-23
The thing is, that these figures have the float at 195,000,000 shares as of APRIL 4, 2006
The rev split 1:1000 occured a month LATER
So 195,000,000 / 1,000 = 195,000 shares
Email responses from management state "we have an extremely tight float and this stock will rebound with our future press releases"
EXTREMELY TIGHT? I'd say 195,000 shares would fit that description
Float = 195,000 shares in my opinion
EAGM float appears to be 195,000 shares - believe that?
Finally got in today at .08 - this will provide a double from current levels
EAGM -EVERYONE here should read this:
The following quote is VERBATIM from the secretary of El Alacran via a voice mail left on my phone earlier:
"Hello ____, my name is Freddy Bustamante from Alacran Gold Mine Corp from Columbia. We are trading as EAGM on the pink sheets and there has been some confusion with regards to Larry Hillabrandt as being the CEO because on pinksheets.com it is still specifying that he is. Please do not worry. This information is about to be changed, and we were told by pinksheets that as early as tomorrow it will be. We had submitted all the information last week but they still require the actual resignation from Larry Hillabrandt. They received his resignation this morning, so everything should be updated very shortly. Thankyou for your call, and we will be commencing all necessary movements very shortly on our first press release. Have a nice day"
And within a few hours time, just as management had stated - pinksheets.com was updated with the new EAGM information as follows: http://www.pinksheets.com/quote/company_profile.jsp?symbol=EAGM
Check out the new website as well: http://www.alacrangold.com/gold/default.html
Hell, call the company - they have nothing to hide and have been very straight forward from the beginning:
Phone: 800-880-9286
Expect a PR very shortly. A 1:1000 reverse split took this stock from $10 to $3 to .06 The float at the time was 195,000,000 shares (as of April 4, 2006). The reverse split occured on May 23, 2006. So 195,000,000 shares reversed 1:1000 would = 195,000 share float. If this is indeed accurate, this one is going to fly thru the stratosphere on ANY press release issued. A HUGE bounce is in order once this PR hits. In my opinion ofcourse
EAGM -EVERYONE here should read this:
The following quote is VERBATIM from the secretary of El Alacran via a voice mail left on my phone earlier:
"Hello ____, my name is Freddy Bustamante from Alacran Gold Mine Corp from Columbia. We are trading as EAGM on the pink sheets and there has been some confusion with regards to Larry Hillabrandt as being the CEO because on pinksheets.com it is still specifying that he is. Please do not worry. This information is about to be changed, and we were told by pinksheets that as early as tomorrow it will be. We had submitted all the information last week but they still require the actual resignation from Larry Hillabrandt. They received his resignation this morning, so everything should be updated very shortly. Thankyou for your call, and we will be commencing all necessary movements very shortly on our first press release. Have a nice day"
And within a few hours time, just as management had stated - pinksheets.com was updated with the new EAGM information as follows: http://www.pinksheets.com/quote/company_profile.jsp?symbol=EAGM
Check out the new website as well: http://www.alacrangold.com/gold/default.html
Hell, call the company - they have nothing to hide and have been very straight forward from the beginning:
Phone: 800-880-9286
Expect a PR very shortly. A 1:1000 reverse split took this stock from $10 to $3 to .06 The float at the time was 195,000,000 shares (as of April 4, 2006). The reverse split occured on May 23, 2006. So 195,000,000 shares reversed 1:1000 would = 195,000 share float. If this is indeed accurate, this one is going to fly thru the stratosphere on ANY press release issued. A HUGE bounce is in order once this PR hits. In my opinion ofcourse
Ok so these are a group of traders that dont have a website, per se' - but somehow you and a few of the other posters here know about them? A group of traders that you are aware of, that will purchase shares of EAGM when the PR is issued?
lol you guys are killin me with this "Tribal Unit" stuff. Exactly what is it again? Who is it?
It would certainly be nice if investors flooded into the stock when this PR is issued. I think we're severely undervalued all the way up to the .50 level, and you are all right - it shouldnt take much in the way of volume to spike us up there. Market makers cant possibly have much in the way of inventory...
Email from The company:
We thank you for your email and would like to apologize if there was
any delay in responding. Allow us to confirm for you that EAGM.PK has
just recently commenced trading shares and the official Press Release
will be released shortly.
Our Company is ensuring to have all the proper pieces in place before
launching to the public. As per our description on the updated Pink
Sheets website, our Company is currently engaged in gold, silver and
copper mining activities; covering all facets of the industry such as the
exploration, extraction, processing and refining of precious metals.
We request that you please maintain a close watch on upcoming Press
Releases and we thank you for your continued interest.
Management
I filled more shares today at .09
5,000 shs at .11 and 5,000 shs at .09 traded so far. Bid .08 ask .11
I will contact the company again, concerning the current share structure, float, authorized, shares outstanding, etc
I strongly suggest you all do this as well. Let our company know that shareholders are expecting this information.
Everyone appears so excited, and many here claim they'll be buying more shares,etc etc
Then why is EAGM's shareprice at .11 on volume of 1,000 shares?
Guess not too many are excited...
El Alacran translates to "The Scorpion" in Spanish
I wonder what WCM Capital's interests are, in the El Alacran Mine.
Look at this from 2003:
Business Editors
SAN ANTONIO & IDAHO SPRINGS, Colo.--(BUSINESS WIRE)--May 28, 2003
WCM Capital Inc. (OTCBB:WCMC) announced that it has acquired a 90% interest in the El Alacran Mine, a gold mine in Colombia.
The Company announced that they will be exploring a number of other mining properties. The goal...
http://goliath.ecnext.com/coms2/gi_0199-2815898/WCM-Capital-Inc-Acquires-New.html
We're #3 on the HOT BOARDS tonight - keep up the posting. We deservingly NEED all the attention we can get. Nice DD everyone.
btw - what is a tribal unit? If it's shakerzzz related, I dunno if I wanna hear it. I dont have much respect for that kid.
Well Mr. Bustamante assured me that there will be a press release very soon - so we'll see what type of momentum that will bring. A fresh company with a much smaller float, and decent cash position, in the Gold market could really attract bottom feeders and spike the stock into the .50 area in just a few short days
After checking out the information on pinksheets.com I realized the gentleman that phoned me was Roger Fredy Bustamante (Not Gustamante, or whatever I thought he said). Mr Bustamante is listed as an officer of the company (Secretary)
The following quote is VERBATIM from the secretary of El Alacran via a voice mail left on my phone earlier:
"Hello ____, my name is Freddy Bustamante from Alacran Gold Mine Corp from Columbia. We are trading as EAGM on the pink sheets and there has been some confusion with regards to Larry Hillabrandt as being the CEO because on pinksheets.com it is still specifying that he is. Please do not worry. This information is about to be changed, and we were told by pinksheets that as early as tomorrow it will be. We had submitted all the information last week but they still require the actual resignation from Larry Hillabrandt. They received his resignation this morning, so everything should be updated very shortly. Thankyou for your call, and we will be commencing all necessary movements very shortly on our first press release. Have a nice day"
http://www.alacrangold.com/gold/default.html
Interesting that they are a Columbian company registered in the State of Delaware and an address in Toronto, Canada.
shakerzzz - EAGM - check out what I found:
After much confusion as to why EAGM fell from $10 to $3 to $2 to .06 in days, and also adding to the confusion as to who exactly is at the helm over at the newly formed El Alacran Gold Mine Co --- Check out the new pinksheets.com profile on EAGM
http://www.pinksheets.com/quote/company_profile.jsp?symbol=EAGM that was updated TONIGHT!
The following quote is VERBATIM from a spokesman of El Alacran via a voice mail left on my phone earlier:
"Hello ____, my name is Freddy Guzamante (partially inaudible) from Alacran Gold Mine Corp from Columbia. We are trading as EAGM on the pink sheets and there has been some confusion with regards to Larry Hillabrandt as being the CEO because on pinksheets.com it is still specifying that he is. Please do not worry. This information is about to be changed, and we were told by pinksheets that as early as tomorrow it will be. We had submitted all the information last week but they still require the actual resignation from Larry Hillabrandt. They received his resignation this morning, so everything should be updated very shortly. Thankyou for your call, and we will be commencing all necessary movements very shortly on our first press release. Have a nice day"
http://www.alacrangold.com/gold/default.html
Float: 195,000,000 as of 2006-04-04 but if that was the current float "as of April 4, 2006", then the shares decreased by a 1 for 1,000 split a month later on May 23, 2006 then wouldnt the float be something rediculous like 195,000 shares?
And if it's split adjusted already then 195,000,000 shares x 1,000 = 195,000,000,000 shares. There was ONE HUNDRED NINETY FIVE BILLION SHARES in the float prior to the reverse split? And it was trading 100, 200 & 500 shares total daily volume??
http://www.pinksheets.com/quote/company_profile.jsp?symbol=EAGM
Because the idiot isnt responsible enough to answer his phone, or his voicemails - and reply to shareholders on simple matters such as "Hey Larry, are you the CEO of EAGM or not?"
Larry Hillabrandt's voice mailbox is still FULL!!!
The following quote is VERBATIM from a spokesman of El Alacran via a voice mail left on my phone earlier:
"Hello ____, my name is Freddy Guzamante (partially inaudible) from Alacran Gold Mine Corp from Columbia. We are trading as EAGM on the pink sheets and there has been some confusion with regards to Larry Hillabrandt as being the CEO because on pinksheets.com it is still specifying that he is. Please do not worry. This information is about to be changed, and we were told by pinksheets that as early as tomorrow it will be. We had submitted all the information last week but they still require the actual resignation from Larry Hillabrandt. They received his resignation this morning, so everything should be updated very shortly. Thankyou for your call, and we will be commencing all necessary movements very shortly on our first press release. Have a nice day"
http://www.alacrangold.com/gold/default.html
I just received a voice mail from El Alacran!!!!
I will post verbatim, what was said.
Just give me some time to transcribe
If it's all falling into place, then why doesnt Larry Hillebrant return any phone calls? Is he no longer CEO of this company? Wouldnt he at least state such, so people stop calling him? I've phoned the new contact number for El Alacran and got their voice mail. I left a message there as well.
WHO EXACTLY OWNS THIS COMPANY? Is EAGM the ticker for the actual El Alacran Gold Mine Corp??????
Why isnt the ticker symbol listed on their INVESTOR RELATIONS website?
http://www.alacrangold.com/gold/production.html
Has this been confirmed as EAGM's website?
Tried once again to add to my position at .09 but no dice!
Contact person for EAGM is: 585-454-6950 ext 110
Call now - he's avail to speak with
"This mailbox is currently FULL and cannot receive new messages"
This is what ya get when you call Larry
Nice isnt it?
EAGM - price targets anyone? I say mid .30's - completely oversold
No, Mr Hillebrandt does not answer his phone at any of the contact numbers. His voice mail is full at work, so it seems he hasnt even been there to check them. Call 585-624-2445 and leave a message
Larry Hillabrandt, CEO
(585) 624-2445
(585) 704-2245 Cellphone
Call him with any questions
shakerzzz, you own 130,000 shares of EAGM.pk @.10 ???
Everyone should place their sell order at .0004 or higher. If you have them set at .0002 they should be pulled and placed much higher. Why put your sells at resistance, wnen all we've been trying to do is get over that hump?
Be a part of the solution, not the problem