is close to bankrupcy
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Thank you.
It's a sin to tell a lie.
'Trueheart'
What sin and what lie?
I doubt you understand what my post was about. Didn't I mention that Mr.Petty promised not to dilute existing float? Only my personnel explanation for his broken promise(that may be wrong) was that it might have been done with advice of GDR. It is b/c that Mr.Petty justified his action later on by saying that he opted for equity financing as against to the debt financing. Since it was stated by then already that GDR will work as Financial/funding consultant/adviser, it was my take that selling the shares was done under the advice of GDR. What is lie in that? May be you were having hang over at the time of reading my post.
Equity financing has saved this company from bankruptcy but as a result made many investors bankrupt in the process. Does this mean this advice of GDR has saved the ship though many sailors are already dead? BY doing that one can hope,the ship can still sail one day in favorable circumstances. That way the existing weak, exsausted and laggard/sick sailors (investors) might arrive on the promised land. It may look like a fiction but this type of advice could only come from some one who knows how to survive the troubled times. JMHO
It is not a question of fantasizing any thing.
If I remember right Petty once said that he opted for equity rather then debt financing. When Petty took over as CEO, he promised not to dilute the float. May be that was his own personal opinion but once Rothschild got in as advisor /consultant the dilution started and has no end to this day.
I'm sure engagement of Dr. Biste by Lord Petty was taken under his advice and today's PR indicate that Mr. Rothschild has got some thing out of that report. My only problem is that today's PR did not produce any extraordinary interest and buy/sell ratio was in favor of sell.
'Aerospace' Thank you for taking all the trouble to find answer. May be the value of the currency does not actually depends upon any fixed criteria. The good example is the present US dollar. In spit of huge trade and fiscal deficit the dollar is still the strongest currency of the world. The value is directly proportional to the demand of a currency. Yes printing press also matters to define the value of a currency.
I read the two PR's Royalflesh has referred in his posts. With the type of language used in all those three PR's I have no doubt that it is the same Rothschild.
It is possible that he was instrumental in finding the buyers for more then 30billions shares for this company. No doubt he must have accumulated 100s of million for himself. Plus I think he perhaps is as much optimistic about this investment as we have been and got stuck up along with his friends and family.
Now it has become challenge for him to make the share price to rise to a level where his investors can make some good money. If that happens we all will be happy. Let us wait and we are good at that. IMO
'sortagreen' he seems like a step child of real Rothschild. May be disowned by the famous Rothschild family. Only good hiding place he could find is in Andes mountain. The stated worth make him eligible for disability allowance like one of our friend here.
SA has 1st GDP , 382B… and 1st money supply $240B
UAE is 2 GDP, 190B… and 2 money supply, $220B
'Aerospace' can u explain why exchange rate to USD of these currencies is almost equal?
1USD = 3.75 SAR
1USD = 3.67 AED with almost half GDP of Saudia and almost similar money supply
'docwheel' Nice try and why not since he provided his email address to contact him. That means he is comfortable in answering questions from any investor. I'm sure u will get some useful reply that include the explanation about the status of this company and about his interest.
It looks like today,s news is an indication that Biste report is bullish. After Yesterday,s sell off and today's news, is it all well planned or some thing else.
Although it is mystery for me that a banker of such standing is coming out openly in support of this pinkie and still is not able to move the PPS. One can draw another conclusion and that is that Franklin is actually a front company used by Rothschild to secure a foot hold in a country rich in resources. IMO
45,000,000 block sold @ 0.0001. Something does not look normal.
You are right.
"JPMorgan said it had also benefited from the impact of buying most of the assets of Washington Mutual, which it acquired in September 2008 after it had been seized by regulators."
JPMorgan results beat forecasts
JP Morgan Chase offices
JPMorgan Chase was the first big US bank to report third quarter results
US banking giant JPMorgan Chase saw profits between July and September that were much better than expected.
The second-biggest US bank made a net income of $3.6bn (£2.5bn), compared with $527m in the same period of 2008.
Strong performance in its investment banking division cancelled out losses on credit cards and consumer loans.
JPMorgan Chase is the first big US bank to report third quarter results, with Goldman Sachs and Citigroup on Thursday and Bank of America on Friday.
JPMorgan's boss warned that the cost of credit was likely to remain high "for the foreseeable future".
"Accordingly, we have added $2bn to our consumer credit reserves, bringing the firmwide total to $31.5bn," said Jamie Dimon, the bank's chairman and chief executive in its results statement.
'Stellar'
The consumer lending business posted a net loss of $1bn, up from $659m in the same period of last year.
It shows one thing: JPMorgan has performed brilliantly
Michael Holland, Holland & Co
Card services made a net loss of $700m, which was an improvement on the $992m lost in the third quarter of 2008.
However the investment banking business made net income of $1.9bn, up from $1bn in the third quarter of 2008.
"This is off-the-charts performance. This is stellar," said Michael Holland, president of the fund managers Holland & Co in New York.
"I don't think you can infer from this that the financial sector is home free at this point. To the contrary, it shows one thing: JPMorgan has performed brilliantly."
Rescue funds
JPMorgan said it had also benefited from the impact of buying most of the assets of Washington Mutual, which it acquired in September 2008 after it had been seized by regulators.
The bank repaid its $25bn of US government rescue funds in June.
Later in the week, Goldman Sachs is expected to announce hefty profits while Bank of America and Citigroup are both expected to post losses.
I appreciate your statement. You seems little ahead of what we all are waiting for at this moment. We need to see Dr.Biste report or summary of it. This report is primarily to prove that the claims, the FMNJ is making about the deposits, are accurate.
Financing will follow once the Biste Audit report is publicized. I'm sure that report will provide a strong lift to this stock and of course the 2nd push will be the announcement of financing and then start of production and sale plus revenue and the last one will come from the profit announcement. Therefore we are looking for the 1st step here and that is the Biste report.
The poster clarify the source of his info about reduction of OS on Yahoo message board. Poster,"goldpanning"
Re: FRANKLIN SHARES OS REDUCED 14 minutes ago
I have a Td Ameritrade account. Click on the company it show 21,000,000.
Rating :
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Rate it:
goldpanning...
Was there not an email before from good doctor about having received the last 2nd and last payment? Can u please copy and paste the email u received? Does it mean even doctor got stuck up here like rest of us?
I too, along with all the veterans, wish it is the later. Do not involve financing question at this stage. A strong report will inject as much life into this stock that financiers and bank will come after it. You need much convincing when you do not have much to show. That is where I'm afraid of them taking so long.
You know 'Trueheart' I do not understand why any body should sit on a report for so long? May be Jammy was bold guy and said good by once he reach to the conclusion that there is nothing worth waiting for here.
I'm leaving my desk and good night
Perhaps they are waiting for rainy season to start there and summer months are only for vacationing.....
That is how we turned our hair grey and that is what we do best...wait. Our wives have stopped asking questions about this. They have lost hope with this and do not leave just in case. With this I am leaving the desk. Good luck to every body.
'getthem1' believe me I have no clue about that. May be I'm not as wiser as u think. Could u please tell every body where that volume came? Just for knowledge sake. No harm in sharing that info.
'THESEER' I'm sure the seller or sellers are not from this Board. Total amount involved was around $25000. Substantial amount. May be the result of some bickering, going on about the Biste report. Not sure. Naturally the more sell off like this before report, the more nervous investors become. Anyway I'm one of the old guards here and will wait till end of this episode.
'hogdog' could not find info in latest reports. Can u please copy and paste?
'hogdog' I tried to find out the F/S where I read the details of Insiders holding some time in past. I can't find the info. May be I do not remember it right but can u post the link pl.
I hope it is not William. He has more preferred then commons shares and rest of the insiders do not own as much as the members of this board hold individually.
More than 220M is sell volume. Only 4-5M is buy. It is scary while we are waiting for a so called good news.
Why big press have no coverage of court proceeding. Only Barrons has following negative coverage before court date.
* September 21, 2009, 2:05 PM ET
Washington Mutual’s Zombie Dance
By Bob O'Brien
The corpses have been dancing in the graveyard of dead banks. Shares of Washington Mutual that trade on the pink sheets - reluctant as we might be, we’ll provide the ticker after all: WAMUQ - have jumped 42% in Monday’s trading session, reaching 35 cents a share.
That’s the highest the debris left over from last year’s bankruptcy and forced-sale to JPMorgan (JPM) has commanded in pink-sheet trading since bankruptcy was declared Sept. 25. Friday would mark one year to the day since the bank’s collapse.
It’s difficult to say what the value these buyers have identified in the worthless hull of the bank’s parent company. There’s no operational assets associated with what remained of the parent company after the operating company was sold. In some cases, investors effectively have played a lottery ticket, figuring there’s little risk to purchase shares of something trading at a fraction of a dollar if there turns out there’s even marginal value left at the parent company.
Volume has spiked dramatically in Monday’s trading session, with 60 million shares changing hands, or about six times the daily average.
Investors have periodically played these zombie companies, betting on some leverage to a banking recovery or an economic revival. But it’s a game that’s freighted with some dangers: investors holding the stock when the music stops get stuck with a worthless investment.
http://blogs.barrons.com/stockstowatchtoday/2009/09/21/washington-mutuals-zombie-dance/
Ihub trades figures show 30M sell and 4.8M buy volume. Some people say that if there is a seller there is a buyer too. I mean to say if that is true why it shows only 4.8M buy volume? Also who is selling in such a large numbers while we retailer wait for pending good news.I know it was discussed before but just to refresh my memory. Some body may help.
Today is 1st day when more then 41M shares have been bought at 0.0002 and much less sell volume at 0.0001. It is encouraging to see that people are ready to pay one 100% more.
FMNJ one 100% up for most of the day. News any time.
L2 please
L2 pl.
I did sold by mistake on market price, 1500000 and MM bought it for 0.00001 for $44. That means a loss of $140 from the apparent PPS 0.0001. That means there is a buyer for 0.00001 if you are ready to get rid off with further lose. I had this do not remember for couple of years.
I think it is time for the duck to come back to quack loud enough to get the volume beyond 1Bil mark every day. That type of volume is need to add couple of ticks here. IMO
I agree with you. Best of luck.
Thank you very much. It is very important info. I wonder why after acquisition of such a multinational company this stock has barely moved? Please post any update u get from Mr. Huntson.
'redsox219' That was the time when Americano was controlling this board and use to bring all the religious and political references in support of the silver and Cero Rico Mine. It looked as if this company will fly any day and then suddenly he disappeared and there was a change of command at FMNJ. Petty came with lots of hopes but what we saw was the destruction of PPS to the ground. Since those times we could only do one thing and that was to put in more good money to catch up with the present PPS but gape is so big that most of those investors are farther from the present day buys.
There is a strong hope now that our patience will soon be paid off.
Any Idea what was the latest revenue of Natural Planet?
It happened with me too. I bought Dinars from Bank of Nova Scotia in Toronto couple of years back. When I contacted them to sell mine they told me that they have stop trading in Dinar. Thus we are left to deal with other dinar traders, who are not as reliable as the any schedule bank. Therefore I'm still holding them and will wait some better rate.
May be you are right. I have no idea how consultants works. Can only give a benefit of doubt to Steve.