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WRONG! He didn't say the dilution was gonna be over the next day lol Sure looks like its over today tho!
Seriously Lol
OTCX @ .0045
How can you be sure? Why would we all of a sudden have seemed to be the end of dilution yesterday after what they explained in the CC? Especially after the big T Trade out of the blue for nearly a month. Then following day(today) volume dries up. Looks like dilution is done and everything that was said in the CC about notes is coming to light! It’s only been 30 mins and it’s obvious it’s nowhere near the volume we had yesterday... Lol rest of the Week should be interesting. Grab Your popcorn & your shares folks, dump em, or just watch on the gate. Makes me noooo difference.
My perspective of course!
Use your own gut instincts & do your own DD!!!
WEEEEEEEEEEEE
TPTW!$!!$$$!!!!!
That's what I gather We Shall See!!
Is it WEEEEEEEEEEEEEEEe Time Yet LOL
TPTW!$!!$$$!!!!!$$$$$$$$
Good Morning CarJockey2!!
No need
NEGATIVE, MSJ is a Group of Private Mexican Owners! The Same Group of Private Mexican owners That Bought Our Assets back in 2013. GOGOLD Resources has already claimed to be Working with Private Mexican Owners in Ref. to the Los Ricos Project. All Of this is speculation Until the Names are revealed as to who the Private Mexican Owner is, But Connecting the dots in the past points to MSJ obviously or the previous owners (SRGE) which could possibly still be the current owners if the deal never got finalized with MSJ. Technically SRGE is Private at this point. One cannot simply say GoGOLD has nothing to do with SRGE or MSJ simply because. Especially when there is solid proof and doucuments that show SRGE having ownership of cinco and GC. I beleive the mines have went between SRGE and MSJ control once before in the sake of keeping it out of BGL's hands during the beginning stages of litigation. Ether way I assume we will continue these debates until the Dust settles even with all the documents and videos that SRGE has shown ownership of Cinco Minas and GC plus other plenty other Mines All stated in the IBOX SMh
No Prob, Same Here!
The 30 min and hourly time frame had to reset. Started to go down last friday around 1 pm central time. Everything is lined up for the upswing now! Lets see how high we go tomorrow. Plus we also had to test last weeks low.
You're Welcome Anticipating. Yep, Lots of monies worth of conversions for sure.
Yessirr
Agreed!! Charts are screaming Take MEEEEEEEE!!!
TPTW!$!!$$$!!!!!$$$$$$$$
Golden Cross is happening as of NOW, Daily Chart ready to take off, Weekly Chart is set up for the Continuation Pattern of the Pennant Formation, & its .0003 Ticks away from the Monthly Breakout Though we have to close @ .0032 or Higher at the end of the month for it to be official! Add that up with whats below this paragraph & I don't know where You will find a better set up for an opportunity like this!!! Short, Middle, & Long term Depending how YOu play it IMO.. 1ST QTR FINS SHOULD BE POSTING SOON TOO!!
Great Technicals, Fundamentals, & Timing Equals $$$$$$ Every time in my Eyez
GREAT POST $MART_DINERO I haven't been posting for a while but I am sure this is all I will post over the wknd because it is all That needs to be discussed from this point on in my honest opinion!!! Period!!
Summary OF CC ( I had to edit a number) This was all approved/okay with Frank (IR) everything is accurate)
1. Debt/conversions
A majority of the debt that was taken out was from 5 firms last year to cover acquisitions (i.e speed connect) They allowed 670 Million shares to cover this debt/interest. SO far 640-650 mill shares have been used so we have around 20 mill shares left of this allotment. I wanted clarification of what about all the remains debt/interest that was still on the books according to the 10k. In may we have more notes that are due. I asked Frank (IR) about this and his response was that after the 670 mill shares are used up ALL REMAINING DEBT/INTEREST will be funded through non toxic funding. ( I will revisit this when we talk about the 54 mill budget for 2020)
2 Share Structure
According to OTCMarkets as of 4/1//2020
-we have OS
793,198,634
Restricted
116,816,683
Unrestricted
595,508,091
Go back and look at the 10k (this will shed light on how much they said had been converted of the 670 mill allowed.)
615,568,695 Have been converted in 2020 (pg. 52)
40,676,035 Have been converted in 2019 (pg. 51)
Total 656,244,730
SO really they were underestimating how many of the 670 had been converted. Plus since the 10k we have already burned through the remains 14MIll shares.
I think we are currently around 650 mill unrestricted because according to the 10 K only
27,936,930 April 6. 27,936,930 April 9th ( only 55,873,860) had been converted after the update on OTC Markets which puts us close to 655ish mill) IF you go back to the only 14 mill left we need then our OS unrestricted should be close to the 670 mill that they said was allowed for these conversations)
SO all the math adds up to prove from the 10k that point 1 is right on.
3. 2020 Budget (54 Mill)
Equipment purchase and manufacturing
$16,500,000
Content Production
$3,000,000
Marketing
$4,500,000
Debt Retirement and acquisition
$14,300,000
Working Capital
$11,700,000
Anticipated Financing Costs
$4,000,000
$54,000,000
The answer to where the non-toxic debt comes from is the 14 mill for debt retirement and acquisition. They made it clear that this finances will be non-toxic. 40 mill will be REG A (private placement equity) and the remains 14 mill will be normal 5 year loan terms i.e 3.5%)
They said there will be no AS increase and NO RS!
4. Derivative loss
Now what about all the remaining conversations that are in the 10k? That is where a lot of this derivative losses came from bc a lot of interest is still on the book from 2019. Those were explained as non cash losses.
5. Revenue year over year/ cash loss
2019 were $10.2M, a 990 % increase from the prior year
These two revenue sources were from
1. 8.2 mill from speed connect
2. 1.8 mill from blue collar
They brought up the concerns of contract with speed connect and covid-19 implications for blue collar.
They made it very clear that speed connect contract is not expired and they are working with SPRINT, they mentioned covid-19 had a temporary impact on blue collar. ( They feel that majority of those contracts will be done after things improve this year so the loss revenue will not occur. Speed connect has not had an impact with covid-19)
One important point that was brought up was the fact that 2019 had only 152k Cash loss compared to 3 mill cash loss the previous year.
They talked about 5g with European Partners and there government contract divisions.
They did receive federal stimulus money to protect their company to keep it as healthy as possible.
With no more debt/conversions to worry about and no increase in AS or RS this company is severely undervalued and the RISK/REWARD will pay off IMO.
GLTA
TPTW!$!!$$$!!!!!$$$$$$$$
Golden Cross is happening as of NOW, Daily Chart ready to take off, Weekly Chart is set up for the Continuation Pattern of the Pennant Formation, & its .0003 Ticks away from the Monthly Breakout Though we have to close @ .0032 or Higher at the end of the month for it to be official! Add that up with whats below this paragraph & I don't know where You will find a better set up for an opportunity like this!!! Short, Middle, & Long term Depending how YOu play it IMO.. 1ST QTR FINS SHOULD BE POSTING SOON TOO!!
Great Technicals, Fundamentals, & Timing Equals $$$$$$ Every time in my Eyez
GREAT POST $MART_DINERO I haven't been posting for a while but I am sure this is all I will post over the wknd because it is all That needs to be discussed from this point on in my honest opinion!!! Period!!
Summary OF CC ( I had to edit a number) This was all approved/okay with Frank (IR) everything is accurate)
1. Debt/conversions
A majority of the debt that was taken out was from 5 firms last year to cover acquisitions (i.e speed connect) They allowed 670 Million shares to cover this debt/interest. SO far 640-650 mill shares have been used so we have around 20 mill shares left of this allotment. I wanted clarification of what about all the remains debt/interest that was still on the books according to the 10k. In may we have more notes that are due. I asked Frank (IR) about this and his response was that after the 670 mill shares are used up ALL REMAINING DEBT/INTEREST will be funded through non toxic funding. ( I will revisit this when we talk about the 54 mill budget for 2020)
2 Share Structure
According to OTCMarkets as of 4/1//2020
-we have OS
793,198,634
Restricted
116,816,683
Unrestricted
595,508,091
Go back and look at the 10k (this will shed light on how much they said had been converted of the 670 mill allowed.)
615,568,695 Have been converted in 2020 (pg. 52)
40,676,035 Have been converted in 2019 (pg. 51)
Total 656,244,730
SO really they were underestimating how many of the 670 had been converted. Plus since the 10k we have already burned through the remains 14MIll shares.
I think we are currently around 650 mill unrestricted because according to the 10 K only
27,936,930 April 6. 27,936,930 April 9th ( only 55,873,860) had been converted after the update on OTC Markets which puts us close to 655ish mill) IF you go back to the only 14 mill left we need then our OS unrestricted should be close to the 670 mill that they said was allowed for these conversations)
SO all the math adds up to prove from the 10k that point 1 is right on.
3. 2020 Budget (54 Mill)
Equipment purchase and manufacturing
$16,500,000
Content Production
$3,000,000
Marketing
$4,500,000
Debt Retirement and acquisition
$14,300,000
Working Capital
$11,700,000
Anticipated Financing Costs
$4,000,000
$54,000,000
The answer to where the non-toxic debt comes from is the 14 mill for debt retirement and acquisition. They made it clear that this finances will be non-toxic. 40 mill will be REG A (private placement equity) and the remains 14 mill will be normal 5 year loan terms i.e 3.5%)
They said there will be no AS increase and NO RS!
4. Derivative loss
Now what about all the remaining conversations that are in the 10k? That is where a lot of this derivative losses came from bc a lot of interest is still on the book from 2019. Those were explained as non cash losses.
5. Revenue year over year/ cash loss
2019 were $10.2M, a 990 % increase from the prior year
These two revenue sources were from
1. 8.2 mill from speed connect
2. 1.8 mill from blue collar
They brought up the concerns of contract with speed connect and covid-19 implications for blue collar.
They made it very clear that speed connect contract is not expired and they are working with SPRINT, they mentioned covid-19 had a temporary impact on blue collar. ( They feel that majority of those contracts will be done after things improve this year so the loss revenue will not occur. Speed connect has not had an impact with covid-19)
One important point that was brought up was the fact that 2019 had only 152k Cash loss compared to 3 mill cash loss the previous year.
They talked about 5g with European Partners and there government contract divisions.
They did receive federal stimulus money to protect their company to keep it as healthy as possible.
With no more debt/conversions to worry about and no increase in AS or RS this company is severely undervalued and the RISK/REWARD will pay off IMO.
GLTA
TPTW!$!!$$$!!!!!$$$$$$$$
Congrats!! & Thanks for the Heads Up on the other Play!!
Lol
Thanks CJ
AFTER SRGE WENT DARK THERE WAS NO NEED TO RESPOND TO THE BOGUS NEWS STORY THAT GOT PUT OUT AFTER BGL GAVE A JOURNALIST A TIP ABOUT SO CALLED SRGE BOD BEING MURDERED DURING LITIGATION WITH CROOKS BGL LOLOL!! JUST WATCH MY VIDS IN MY SECTION OF THE IBOX SECTION SHOWING HOW THE COMMUNITY AND MINORS HATE BGL FOR THEIR CROOKED WAYS!!! THOSE POS AND ANYTHING RELATED TO THEM CANNOT BE TRUSTED PERIOD!!!! THOSE FOOLS WERE PUTTING OUT FAKE NEWS BEFORE FAKE NEWS WAS EVEN BROUGHT TO LIGHT!!!! WOAAAH
ANYONE CARE TO ENLIGHTEN THE GENERAL PUBLIC WHY BGL’S CEO AND OTHER MEMBERS RESIGN AFTER LOSING THE LITIGATION?! DON’T WORRY I’LL WAIT LOLOLOL
7 to 8 YEARS AGO SRGE WENT DARK DUE TO EVERYTHING I SAID IN MY SECTION OF THE IBOX!!! GOGOLD WAS NOT THERE DURING 7-8 YEARS AGO LOLOLOL WEEEE DOGIEE!!!! BAHAHAHAHAHA
SRGE!$!!$$$!!!!!$$$$$$$$
READ MY SECTION OF THE IBOX AND BELOW IT AND YOU WILL CLEARLY SEE WHY THE MEXICAN COURTS TOLD BGL TO KICK ROCKS AFTER MULTIPLE ATTEMPTS TO APPEAL AND WASTE TIME JUST TO SLOW SRGE DOWN PERIOD!!!! ITS ALL THERE FOLKS!!!! LOL
CHECK MY IBOX VIDEOS FOLKS ABOUT HOW THE COMMUNITY HATES BGL AND ANYTHING TO DO WITH THOSE POS CROOKS!! LOL MULTIPLE VIDEOS! READ MY SECTION IN THE IBOX AND YOU CAN DRAW A SOLID OPINION ABOUT WHAT IS MORE THAN LIKELY GOING ON! LOL TIC TOC! NO ACTIVITY IS THERE BAHAHA GUESS GOGOLD RESOURCES IS FULL OF SMOKE AND MIRRORS TOO BAAAAAHAAALOLOLOL!!! THIS IS TOOO FUNNY
Sooooo GOGOLD RESOURCE IS FULL OF IT TOO AND THEY’VE BEEN LYING ALL THIS TIME TO THEIR INVESTORS AND SEC WITH THEIR FILINGS BAHAHAHAH ROTFFLMFAO!!!!!! WOOOOOH I BETTER GO LET THEM KNOW!!!! LOLOL
Agreed, and to all that liked my post. It is why I had to re-post it from $mart_Dinero Great stuff for sure. Now If we could only get more bid stacking and ask slappy now that conversions are basically done with. Once that is finalized I'm quite sure that will be the icing on the cake I'm not sure if the 1st Quarter filings will have to act as an catalyst to drive the pps up because unfortunately we still have shorts trying to drive this to oblivion smh 70% the last 2 days for the ones that were saying it felt like something was holding the price down lol shorts were.. I've done comparisons to other plays that i have scouted to see how they trade with the short percentage from a particular website I've posted on here to have some say that site is irrelevant even though it coincide with the regsho website lol And when the other tickers short percentage is down they trade freely and textbook like of course when there is no dilution @ the moment.. Once shorty gets caught with their pants down this time,we get some kind of momentum again that should be the end for them. Maybe with all the eyes that have been on this play may actually buy in?? Who Knows. Anyhow I'm sure shorties weren't counting on the company to handle the conversions the way they are and were probably banking on the R/S anyhow take care all. Ready for Monday.. TPTW
Plus why couldn't it be zoomed in? LOL. Also funny how some say the photos are photo shopped But I just furnished video of the SRGE Crew in the mining yard with bulldozers and other equipment and clothing with SRGE tagged all over them in the VIDEO I JUST UPLOADED TO THE TOP OF MY SECTION OF THE IBOX!!!! Not to mention the Cave that has the sign above the entrance with SouthRidge Plastered on in it!!! Photoshopped to Aye?!?!?! Bahahahahahahahahahahaha
That's not not cinco minas just the the little tab that was edited in says it is.. Gots to do better LOLOL
GREAT POST $MART_DINERO I haven't been posting for a while but I am sure this is all I will post over the wknd because it is all That needs to be discussed from this point on in my honest opinion!!! Period!!
Summary OF CC ( I had to edit a number) This was all approved/okay with Frank (IR) everything is accurate)
1. Debt/conversions
A majority of the debt that was taken out was from 5 firms last year to cover acquisitions (i.e speed connect) They allowed 670 shares to cover this debt/interest. SO far 640-650 mill shares have been used so we have around 20 mill shares left of this allotment. I wanted clarification of what about all the remains debt/interest that was still on the books according to the 10k. In may we have more notes that are due. I asked Frank (IR) about this and his response was that after the 670 mill shares are used up ALL REMAINING DEBT/INTEREST will be funded through non toxic funding. ( I will revisit this when we talk about the 54 mill budget for 2020)
2 Share Structure
According to OTCMarkets as of 4/1//2020
-we have OS
793,198,634
Restricted
116,816,683
Unrestricted
595,508,091
Go back and look at the 10k (this will shed light on how much they said had been converted of the 670 mill allowed.)
615,568,695 Have been converted in 2020 (pg. 52)
40,676,035 Have been converted in 2019 (pg. 51)
Total 656,244,730
SO really they were underestimating how many of the 670 had been converted. Plus since the 10k we have already burned through the remains 14MIll shares.
I think we are currently around 650 mill unrestricted because according to the 10 K only
27,936,930 April 6. 27,936,930 April 9th ( only 55,873,860) had been converted after the update on OTC Markets which puts us close to 655ish mill) IF you go back to the on ly 14 mill left we need then our OS unrestricted should be close to the 670 mill that they said was allowed for these conversations)
SO all the math adds up to prove from the 10k that point 1 is right on.
3. 2020 Budget (54 Mill)
Equipment purchase and manufacturing
$16,500,000
Content Production
$3,000,000
Marketing
$4,500,000
Debt Retirement and acquisition
$14,300,000
Working Capital
$11,700,000
Anticipated Financing Costs
$4,000,000
$54,000,000
The answer to where the non-toxic debt comes from is the 14 mill for debt retirement and acquisition. They made it clear that this finances will be non-toxic. 40 mill will be REG A (private placement equity) and the remains 14 mill will be normal 5 year loan terms i.e 3.5%)
They said there will be no AS increase and NO RS!
4. Derivative loss
Now what about all the remaining conversations that are in the 10k? That is where a lot of this derivative losses came from bc a lot of interest is still on the book from 2019. Those were explained as non cash losses.
5. Revenue year over year/ cash loss
2019 were $10.2M, a 990 % increase from the prior year
These two revenue sources were from
1. 8.2 mill from speed connect
2. 1.8 mill from blue collar
They brought up the concerns of contract with speed connect and cover-19 implications for blue collar.
They made it very clear that speed connect contract is not expired and they are working with SPRINT, they mentioned cover-19 had a temporary impact on blue collar. ( They feel that majority of those contracts will be done after things improve this year so the loss revenue will not occur. Speed connect has not had an impact with cover-19)
One important point that was brought up was the fact that 2019 had only 152k Cash loss compared to 3 mill cash loss the previous year.
They talked about 5g with European Partners and there government contract divisions.
They did receive federal stimulus money to protect their company to keep it as healthy as possible.
With no more debt/conversions to worry about and no increase in AS or RS this company is severely undervalued and the RISK/REWARD will pay off IMO.
GLTA
TPTW!$!!$$$!!!!!$$$$$$$$
O I just keep Wondering who is Buying ALL these SHARES?!??!!!!! LOL OVER 600 MILLION ALONE the 1st year it went to the Grey's LOL. Tough getting shares now, and the PPS just keeps Going up!! HELLO .0002's HA I wonder if it starts gaping soon??? Then Open up on the Pinks like all these other previous greys lol HMMM.. Or Just Keeps Going up in the Expert Market Either way I know I'm Lovin It One has to think if it only took 23 Mil .0001's to get it to .0002's I wonder how many .0002's before 3?? Best Believe I am keeping count lol I can guarantee you Retail isn't selling after all these Years lol WEEEEEEEEEEEEEEEEEEEEEe LOl, NOt Down here @ least lol WEEEEEEEEEEEEEEE All I KNows is if it gaps to .0003,4 or Higher Its gonna make some folks real salty and or nervous.. ROh Oh LOL WEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
SRGE!$!!$$$!!!!!$$$$$$$$
Yep, I wonder if they talk about government contracts in today’s conference call??
LMFAO
TPTW!$!!$$$!!!!!$$$$$$$$
Since 2013 there's been 822,904,559 shares traded/accumulated!! That's in 7 Years on the Greys, in the dark, with NO Level 2 NO Expert Market For Market Makers!!! (Except for this Year which account for 11.3 Million as of 4/15/2020)! If you take away the 1st year shares traded/accumulated when it went to the Greys in 2013 (611,028,111) you essentially have the float of (211,876,448) interesting enough AY!!!
Remember we had multiple mines, well at least the concession titles if I remember correctly.. working out right now and just ran lol.. how long do the concession rights last for?
I wonder who the new shell owner is?? Says shell on otc markets now and a lot of greys have been going back pink this year. Every wk.. too many to count off top..
Lol PREACH!!
That bogus story was put out from a tip from BGL CROOKS lol nothing was ever clarified! They even say it in the video. They got a tip from someone calling over the phone lol and the journalist ran with it. That is when bgl crooks were still getting denied in every appeal until the Mexican courts told them to take a hike ROTFLMFAO!!! Read the IBox.
When is it supposed to be done?
Good Morning, What Usually happens once a company defaults on a note? I know it goes to their expense section of their filings but does the lender still have the option of converting the principal amount along with the default amount/interest or is it paid off @ a later time though other means such as non common shares/ cash, etc.. I'm trying to understand the formality of the matter.(Defaulted Notes) Thanks in Advance.
for example
How would one know when this note would convert?
On February 26, 2019, the Company entered into a convertible promissory with a non-related for $53,000 of which $3,000 was an original issue discount resulting in cash proceeds to the Company of $50,000. The note is due on February 20, 2020 and bears interest on the unpaid principal balance at a rate of 12% per annum. Stringent pre-payment terms apply (from 12% to 37%, dependent upon the timeframe of repayment during the note’s term) and any part of the note which is not paid when due shall bear interest at the rate of 22% per annum from the due date until paid. The Note may be converted by the Lender at any time after 180 days of the date of issuance into shares of Company’s common stock at a conversion price equal to 61% of the lowest trading price during the 15-trading day period prior to the conversion date. On June 19, 2019, the Company defaulted on the note, resulting in the note becoming immediately convertible and a default penalty of $26,500 added to the principal of the note.
Whenever the lender sees fit then the market would just have to identify it when it starts its conversions and adjust?
or this one..
On June 19, 2019, the embedded conversion option qualified for derivative accounting and bifurcation under ASC 815-15 Derivatives and Hedging. The initial fair value of the conversion feature was $187,924 and resulted in a discount to the note payable of $50,000 and an initial derivative expense of $137,924. Due to the note being in default, the remaining discount was accelerated and recognized to interest expense.
Is it simply just written off until a sale of the company or paid off when the company receives more money? TIA if anyone answers lol
Look @ that fricken VOL lol Weeeeee!!!!!!!!!!!! SPEEDCONNECT Didn't get acquired until last July if my memory serves me correct!!!
TPTW!$!!$$$!!!!!
Stop Loss triggered!!! Last shake before the rip imo lol