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Just trying to catch up. What's this about convertibles or options? Please, somebody point me to what may exist. I can't seem to spot these in the last 10q.
Has anyone kept track of the outstanding share count over the past few months? What I'm trying to see is if the company is being kept afloat through the issuance of new outstanding shares
or
whether the recent cash flows are covering our operating expenses.
$350 Million In Geothermal Stimulus Funds Begin To Flow
Jun 08, 2009 (FinancialWire via COMTEX) -- (Comment on this article at
http://www.financialwire.net/2009/06/08/350-million-in-geothermal-stimulus-funds-begin-to-flow/)
June 8, 2009 (FinancialWire) -- U.S. Geothermal Inc. (AMEX: HTM) has been
selected by the U.S. Department of Energy to enter into due diligence review on
an $85 million project loan for its Neal Hot Springs project in eastern Oregon.
Geothermal initiatives have also been announced by Ormat Technologies, Inc.
(NYSE: ORA), WaterFurnace Renewable Energy, Inc. (TSX: WFI) and Chevron (NYSE:
CVX) the largest producer of geothermal energy in the world.
President Obama recently announced $320 million from the American Reinvestment
and Recovery Act to expand and accelerate the development, deployment, and use
of geothermal energy throughout the United States. The funding will help the
geothermal industries overcome technical barriers, demonstrate new technologies.
Geothermal energy is a clean source of renewable energy that harnesses heat from
the Earth for heating applications and electricity generation; geothermal plants
can operate around the clock to provide significant uninterrupted "base load"
electricity, or the minimum amount a power utility must provide to its
customers. The capability of geothermal to provide a significant supply of
uninterrupted base load electricity is beginning to be understood as metrics
that are larger than the potential for wind or solar. For more information, see
the U.S. Geothermal Power Production and Development Update
(http://www.geo-energy.org/publications/reports/Industry_Update_March_Final.pdf
for a comprehensive introduction to geothermal).
According to the Geothermal Energy Association March 2009 Industry Update, there
were 126 new geothermal projects under development with the potential to put
5,500 MW of new geothermal power on line, equivalent to 15,000 MW -- 20,000 MW
from wind turbines or enough power for 5.5 million California homes, according
to GEA. New geothermal power projects were identified in Alaska, Arizona,
California, Colorado, Florida, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah,
and Washington. GEA estimates that bringing these projects on line will help
economic recovery by spurring as many as 100,000 new jobs.
The Recovery Act makes a $350 million new investment in this technology,
dwarfing previous government commitments. Recovery Act funding will support
projects in four crucial areas: geothermal demonstration projects; Enhanced
Geothermal Systems research and development; innovative exploration techniques;
and a National Geothermal Data System, Resource Assessment and Classification
System.
This geothermal update is provided to FinancialWire(tm) via the Green Market
Intelligence service (http://smecapitalmarkets.net/greenresearch.aspx) of
Austin, Texas-based SME Capital Markets (http://smecapitalmarkets.net) an
information resource that covers smaller public companies securities
registration, financial reporting, secondary markets, compliance, best practices
and emerging market opportunities -- a contributor of green market-focused news
for FinancialWire(tm).
FinancialWire(tm) is a fully independent, proprietary news wire service.
FinancialWire(tm) is not a press release service, and receives no compensation
for its news, opinions or distributions. Further disclosure is at the
FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php) Contact FinancialWire(tm) directly via inquiries@financialwire.net.
A Couple of questions:
Having recently switched to Vonage I'm somewhat impressed by their service. So now I'm considering taking a position in their stock.
o Why does the customer base seem to have stabilized over the past quarter or two? I'd expect to have seen exponential growth.
o Why have the established phone companies decided not to compete in the VOIP marketplace? In some cases, withdrawn their offerings?
o I've found the Vonage website difficult to navigate in my search for operational procedures. Any comments from other users?
Thanks in advance to anyone who might reply.
Reading the "Management Discussion" it sounds like this is the make or break year for Dovarri.
Let's keep our fingers crossed.
Only two questions left to ask. What is BR's plan to cash out on his controlling interest here and in GETC? Do shareholders of either company have a chance to benefit from his move(s?)
Old Accounting firm resigns. New one now on-board.
http://pinksheets.com/edgar/GetFilingPdf?FilingID=6578665
New Web Site?
The old one seems to have disappeared. Has anyone found the new one yet?
AUSTRALIA'S B&B WIND PARTNERS TO CHANGE NAME TO INFIGEN
SYDNEY, Apr 29, 2009 (AsiaPulse via COMTEX) -- Babcock & Brown Wind Partners
Group (BBW) (ASX:BBW) shareholders have approved the company's name change,
finalising its separation from its troubled parent.
At an extraordinary general meeting on Wednesday, shareholders approved a motion
for the company to become known as Infigen Energy.
Infigen was derived from the words infinite and generation, reflecting the
infinite availability of fuel sources such as wind and BBW's core function of
generating renewable energy, the company said.
BBW operates 41 wind farms in the Asia Pacific, Europe and North America.
The company will begin trading under the new name on the Australian stock
exchange within days, BBW chairman Graham Kelly told the meeting.
The meeting also approved new incentive plans for company executives who became
directly employed by BBW on January 1.
"The directors' goal is to reinforce the objective of creating sustainable value
for securityholders by aligning executive remuneration with that objective," Dr
Kelly said.
A motion to approve the participation of managing director Miles George in the
performance rights and options plan was passed also.
The approval of the new name and pay incentives structure finalises the
separation of BBW from failed parent Babcock & Brown, a process begun by the
renewable energy provider late last year.
The debt-laden former financial house Babcock & Brown was placed into voluntary
administration in March.
Dr Kelly told Wednesday's meeting that BBW was "well advanced" in terms of
transferring its IT systems, while a move to a new premises would be completed
by the end of June.
The company signed an in-principle agreement with B&B on Tuesday to acquire all
of its Australian and New Zealand wind energy assets.
"BBW commences its new life independent of B&B in a very strong position," Mr
George said.
"We have long-term revenue contracts and our costs are highly predictable,
ensuring high and stable EBITDA (earnings before interest, tax, depreciation and
amortisation) margins."
Mr George reaffirmed full-year distribution guidance of at least nine cents per
security.
He also indicated the company was looking to offload its remaining European
assets.
"We have indicated that our remaining European assets are non-core to the
business and we are currently reviewing proposals from advisers to assist us to
maximise the realisable value of these assets," he said.
Rhubarb, wonderful information you've posted. Thank you. This all belongs in the IBox.
It might be interesting to add bio's of the key management if you have them.
Also, it seems that the company has been relatively quiet for several years. The new distribution plan plus the forthcoming shareholder's meeting agenda suggest to me that the pace may be quickening.
Since I'm new here, I'd appreciate insight regarding what had been going on and what has changed.
Nope, there are still a few of us lurking behind the scenes.
I'm sure Dan has good intentions. But this may be the year to snap up some sub-penny shares.
Then, next year or the year after ....
Why the move up in price?
Any chance that this company has finally become profitable?
And might be able to pay off the debt that has had it in a stranglehold?
Lortop Kcots, have you found any way to communicate with Seamus so that we could, at least, inquire about what is happening?
Maybe it's time for one of us to drop in at Delray Beach.
Any chance one of you lives in the area?
Why is this share price inching up? New funding? A profitable vein of silver ore?
Just taking a shot in the dark... but I wonder if this strange pattern illustrates how a prearranged trade might take place.
i.e., given a stock that has had no activity for a long period, wait until an established time when the "buyer" places an ultra low bid for shares that is surprisingly filled by the prearranged "seller."
If so, this might represent a quick and inexpensive way to transfer a large block of shares from a European owner to an American owner.
A test of whether this may of happened might be to see if any more shares are transferred on Monday.
Always good to see power players at work!!
Hi... 11-07-08 @ 6:53 pm EDT
LGAL just issued a press release today and it is the first one sent out since Herbert Leeming took back control of ADMH on 05-30-07.
Despite the horrendous melt-down of the economy both here and around the world, lots is starting to happen as relates to both LGAL (a/k/a UNSR) and ADMH and we expect to issue additional releases in coming weeks.
In the event you are a bit confused over the different companies in which our team is involved (ADMH, LGAL & UNSR), here's a short overview before you read the press release, which follows:
Admiralty Holding Company (ADMH ) - This is the company formed in the late 1980s, originally purchased as a shell. Management lost control in 2004 only to regain it on 05-30-07. This is a public company (pink sheets) and its CEO is Herbert Leeming. In-house counsel, Steven Cunningham (a securities specialist), has told us that once we complete the audits, we will be able to re-apply for re-listing on the Bulletin Board. The audit is, for the most part, now completed.
Legal Access Technology (LGAL ) - This is a public company we purchased as a shell several years ago and never changed its name though we still intend to rename it UnderSea Recovery Corporation (UNSR) when the proposed merger is completed with ADMH. This company reverted to the pink sheets during the summer of 2007, but once the audit is completed, it too will go back on the Bulletin Board. Herbert Leeming is also CEO of this company.
UnderSea Recovery Corporation (UNSR ) - This is the name of an entity we formed that is not public. It has a Website (http://unsr.com/), and it is going to be updated shortly. Actually, UNSR is operated as LGAL. Management personnel shown in UNSR Website are the same as those that have been working on all aspects of ADMH. A few individuals with whom we've been working with for many years (all who have considerable backgrounds in this field) are now part of our management team. The company's name and its call-letters (UNSR) will be given to the merged companies above (ADMH & LGAL) though we still do not have a time-frame when it will happen. However, the team is moving in that direction hopes to effectuate that merger sometime after the start of 2009. Herbert Leeming will continue on as the CEO after the merger.
I'm on their email list. Here's a note I received that answers your question. It was followed by the press release.
Hi... 11-07-08 @ 6:53 pm EDT
LGAL just issued a press release today and it is the first one sent out since Herbert Leeming took back control of ADMH on 05-30-07.
Despite the horrendous melt-down of the economy both here and around the world, lots is starting to happen as relates to both LGAL (a/k/a UNSR) and ADMH and we expect to issue additional releases in coming weeks.
In the event you are a bit confused over the different companies in which our team is involved (ADMH, LGAL & UNSR), here's a short overview before you read the press release, which follows:
Admiralty Holding Company (ADMH ) - This is the company formed in the late 1980s, originally purchased as a shell. Management lost control in 2004 only to regain it on 05-30-07. This is a public company (pink sheets) and its CEO is Herbert Leeming. In-house counsel, Steven Cunningham (a securities specialist), has told us that once we complete the audits, we will be able to re-apply for re-listing on the Bulletin Board. The audit is, for the most part, now completed.
Legal Access Technology (LGAL ) - This is a public company we purchased as a shell several years ago and never changed its name though we still intend to rename it UnderSea Recovery Corporation (UNSR) when the proposed merger is completed with ADMH. This company reverted to the pink sheets during the summer of 2007, but once the audit is completed, it too will go back on the Bulletin Board. Herbert Leeming is also CEO of this company.
UnderSea Recovery Corporation (UNSR ) - This is the name of an entity we formed that is not public. It has a Website (http://unsr.com/), and it is going to be updated shortly. Actually, UNSR is operated as LGAL. Management personnel shown in UNSR Website are the same as those that have been working on all aspects of ADMH. A few individuals with whom we've been working with for many years (all who have considerable backgrounds in this field) are now part of our management team. The company's name and its call-letters (UNSR) will be given to the merged companies above (ADMH & LGAL) though we still do not have a time-frame when it will happen. However, the team is moving in that direction hopes to effectuate that merger sometime after the start of 2009. Herbert Leeming will continue on as the CEO after the merger.
Please post whatever you hear.
Any news from today's shareholders meeting??
Would be greatly appreciated.
Anyone Home?
It's all buried in these filings...
Windmills are nice.
So are solar panels.
But the real answer lies in really clean coal.
And the trick is to clean it before it gets burnt... not to use expen$ive scrubbers afterwards.
Guess who has this technology? Yup... right here.
Can it be commercialized? Yup.
Can it be upscaled? Yup.
Is it profitable? And how!
Can anyone else do this? No way.
p.s., these guys can liquify the stuff... gassify the stuff... and produce the stuff in quantities large enough to put opec out of their blackmailing ways.
He who finds this message is encouraged to do some dd. It just might be the most rewarding research you've ever done.
Geotec, Inc. Resumes Filings With the Securities and Exchange Commission
DELRAY BEACH, FL, Sep 12, 2008 (MARKET WIRE via COMTEX) -- Geotec, Inc.
(PINKSHEETS: GETC) confirmed today that it has filed with the Securities and
Exchange Commission its annual report on Form 10-K for the period ending
December 31, 2006. The Company also confirmed its commitment to continue using
its best efforts to file all periodic reports in compliance with the SEC by the
end of 2008.
Geotec, Inc. continues to engage Brimmer, Burek and Keelan, LLP, to complete the
Securities and Exchange Commission filings with a view to becoming current by
the end of 2008.
Geotec is a Green Energy Technology Company with operations in the United States
and Argentina utilizing proteins and enzyme technology to chemically convert
hydrocarbons to commercially higher value coal and fuel oils. The technologies
are also used to purify hydrocarbons, such as coal or oil, of heavy metals and
other contaminants such as sulfur, arsenic and mercury to prevent or correct
pollution in the air, water or soils. In addition, hydrocarbon contaminated
soils can be re-vegetated and re-forested after treatment with Geotec's
proprietary protein/enzyme technology.
Statements in this release, which relate to other than strictly historical
facts, including statements about the Company's plans and strategies, as well as
management's expectations about new and existing products and services,
technologies and opportunities, market growth, demand for new and existing
products and services, are forward-looking statements. The words "believe,"
"expect," "anticipate," "estimate," "project," "intend" and similar expression
identify forward-looking statements that can speak only as of the date hereof.
This press release contains certain forward-looking statements regarding Geotec,
its business prospects and results of operations that are subject to certain
risks and uncertainties posed by many factors and events that could cause
Geotec's actual business, prospects and results of operations to differ
materially from those that may be anticipated by such forward-looking
statements. The Company assumes to obligation to notify of any changes, other
than material events as required by the Securities and Exchange Commission.
Readers are urged to carefully review and consider the various disclosures made
by Geotec in this new release and other reports filed with the Securities and
Exchange Commission that attempt to advise interested parties of the risks and
factors that may affect Geotec's business.
Contact:
Point Communications Group
Richard Kaneb
(888)-429-6210
http://www.geo-tec.net
SOURCE: Geotec, Inc.
CONTACT: http://www.geo-tec.net
Copyright 2008 Market Wire, All rights reserved.
SUBJECT CODE: Energy and Utilities:Oil and Gas
Agreed, Minco is stealing it and the new management team took good care of themselves.
My question now becomes whether Minco has the finances and the management prowess to get this operation up and going... or are they just bit players who have put it all "on the table" gambling that Sterling will be self-sufficient after September?
Sterling Mining and Minco Silver Announce Proposed Business Combination
WALLACE, IDAHO (OTCBB: SRLM)(FRANKFURT: SMX) and Minco Silver Corporation ("Minco Silver") (TSX: MSV) are pleased to announce that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling (the "Transaction"). The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA.
Transaction
Under the terms of the Transaction, Minco Silver has offered 0.51 of a share for each one Sterling share which equates to an offer of US$1.58 per Sterling share based on Minco Silver's July 21, 2008 closing price. The offer values Sterling at US$62.3 million.
Upon completion of the Transaction, the combined company will have approximately 52 million common shares issued and outstanding, plus options and warrants. Minco Silver shareholders will own 61% and former Sterling shareholders will own 39% of the combined company.
Minco Silver has extended a US$15 million line of credit to Sterling, of which US$5 million is to be funded immediately, bearing 10% annual interest compounded monthly, to be used for continued operations at the Sunshine Mine.
A management committee has been established to supervise the day-to-day operations of Sterling during the transaction period. It is comprised of seven members, four from Minco Silver and three from Sterling.
The Transaction is subject to completion of confirmatory due diligence, definitive documentation, regulatory approvals, and obtaining shareholder approval at a special meeting of the shareholders of Sterling. The letter agreement includes a commitment by Sterling to not solicit alternative transactions to the Transaction. A break fee of US$2 million is payable to Minco Silver under certain conditions. The Transaction is expected to close by December, 2008.
Subject to regulatory approval, Minco Silver will pay at closing a finders' fee of 50,000 common shares to an arms-length third party related to the Transaction.
Compelling Combination
The combination will bring significant benefits to each of the companies and their shareholders. The Boards of Directors of each company have supported the proposed combination and management of the two companies believe that the Transaction will provide the shareholders of each company an opportunity to participate in the future growth of a larger and more established company with a broader range of prospects, a more diversified asset base, and a management team that has a proven ability to execute.
Upon completion of the Transaction, the combined company will have:
- Two world-class silver deposits containing 418 million ounces of silver resources;
- Potential annual silver production in excess of 10 million ounces by 2011;
- Solid platform for profitable growth and increased shareholder value; and
- Reduced risk profile.
Minco Silver's Chairman and CEO, Dr. Ken Cai, commented: "The combination of these companies will bring together two world-class silver deposits with significant exploration upside. The integrated board and management team is well positioned to build one of the world's leading primary silver producing companies through synergies in China and North America. Further, this consolidation should appeal to a broader investor audience and greater market liquidity."
Sterling's Interim President, Ken Berscht, added: "This merger represent the culmination of the strategic review process announced on June 4 and completed with the assistance and advice of our financial advisor TD Securities Inc. It provides the financial resources to fund the immediate requirements of Sterling and ensures that the Sunshine Mine will be a significant contributor going forward. We are excited about the premium offer and the opportunity for Sterling shareholders to participate in the new silver focused entity."
Minco Silver Conference Call
Minco Silver will host a conference call on Wednesday, July 23, at 9:00 AM Eastern or 6:00 AM Pacific Time. To participate, please dial 1-888-300-0053 for North American callers and 1-647-427-3420 for international callers. The ID# for the conference call is 57248259.
To view the new corporate presentation concerning this Transaction, please visit Minco Silver's website: www.mincosilver.ca.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. Minco Silver owns 100% interest in the World Class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. Minco Silver is the exclusive vehicle for pursuing silver opportunities in China pursuant to a strategic alliance agreement between Minco Gold Corporation (TSX: MMM)(AMEX: MGH)(FRANKFURT: MI5) and Silver Standard Resources (TSX: SSO).
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. Sterling Mining also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SRLM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO, Minco Silver Corporation
ON BEHALF OF THE BOARD
Ken Berscht, Interim President, Sterling Mining Company
To receive Sterling news via email, please email supertina@sterlingmining.com and specify "SMQ news" in the subject line.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2007 and subsequent 10-Q and 8-K filings.
Contacts:
Minco Silver Corporation
Ute Koessler
Director Investor Relations
1-888-288-8288 or (604) 688-8002
Email: ir@mincomining.ca
Website: www.mincosilver.ca
Sterling Mining Company
Monique Hayes
Investor Relations
(208) 699-6097
Website: www.SterlingMining.com
If Chris is right and filings/news restart this week, many newcomers may discover this board.
What you've found is an unrecognized wealth of technology that may soon change the energy story both in this country and abroad.
Combine this new science with a management team capable of ramping its acceptance on a massive scale and the opportunity becomes truly breathtaking.
This is no typical pinkie... as you're about to see.
All IMO, of course.
The 6/23 bridge loan tells us that Sterling is just hanging on as best it can. Sr management has been replaced.
Is $1 the bottom? Not unless the investing public is assured that Sterling can somehow begin to operate profitably.
Someone knows something to be buying what we've seen in the past two days.
Whatever that person knows, if made public, would garner enough bid support to keep us very very happy.
Breakeven by September
--------------
Sterling Mining Co - Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 25, 2008
STERLING MINING COMPANY
(Exact name of registrant as specified in its charter)
000-51669
Commission File No.
Idaho 82-0300575
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
2201 Government Way, Suite E. Coeur d'Alene Idaho 83814
(Address of Principal Executive Offices)
(208) 666–4070
(Registrant’s Telephone Number)
609 Bank Street, Wallace, ID 83873
(Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On June 25, 2008, J. Kenney Berscht, President of Sterling Mining Company, had a private phone conversation with a stockholder of Sterling Mining. In the course of the conversation the following information was provided:
l
Sterling Mining is involved in discussions with six firms or companies regarding financing options for Sterling Mining. Mr.
Berscht believes two of the firms are substantial.
l
Mr. Berscht stated that he is 100% sure the Sunshine Mine that Sterling Mining is bringing into production is not going under or will close.
l
Mr. Berscht stated his belief that Sterling Mining will be breaking even by September 2008.
l
Mr. Berscht stated that one of the keys to profitability for the Sunshine Mine and Sterling Mining is pumping water out of the mine and reaching the 3700 ft level. He further stated that at that level there are rich silver veins.
l
The recent debt financing in the principal amount of $2,400,000 was obtained to avoid shut down the mine and lying off 150 workers. Mr. Berscht further stated that the loan would be paid off as soon as the new financing arrangement was established.
l
When asked whether Sterling Mining would do a private placement of 10 million shares at $1.00, Mr. Berscht stated that Sterling Mining would not do so.
The foregoing information was subsequently posted by the stockholder in a message on the Yahoo Finance Message Board.
For purposes of clarification, public investors should note the following:
l
Sterling Mining has no agreement, arrangement or understanding regarding debt or equity financing. Sterling Mining is in need of additional capital to fund current operations, meet short term working capital needs, and complete its plan for bringing the Sunshine Mine into production. Failure to obtain such financing could result in an inability to fund current operations and curtailment or closure of the Sunshine Mine, and of which would have a material adverse effect on the results of operations of Sterling Mining.
l
Assuming Sterling Mining can obtain required immediate financing on acceptable terms, rehabilitation of the Sunshine Mine proceeds as planned, ore is recovered from the mine in sufficient quantities with high enough silver content, Sterling Mining can maintain acceptable arrangements for processing the ore produced, metal prices remain above certain levels, and a number of other factors related to Sterling Mining’s operations described in its Annual Report on Form 10-K for the
2
year ended December 31, 2007, as amended, remain favorable, then it is possible that Sterling Mining could reach a point in the latter part of 2008 where monthly revenues are sufficient to cover monthly expenditures. There is no assurance this will occur, much less than it will occur in September of this year.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STERLING MINING COMPANY
Dated: June 25, 2008 By:
/s/ J. Kenney Berscht
J. Kenney Berscht, President
3
Sounds like I should hold on for a while longer. No problem... at today's prices my shares are almost worthless.
Any suggestions how I might get in contact with them? My email gets returned. The web site is gone. Is there a phone number or a snail mail address?
Nope!! You forgot to add in the forthcoming Microart dividend:
On November 15, 2007, API announced that its board has approved a 1:10 dividend of its subsidiary Microart, Inc. ("MCRT") common stock.
The share dividend entitles each holder of ten shares of API's common stock to receive a dividend of one common share of MCRT. Asia Properties shareholders of record on November 30, 2007 holding physical certificates will be entitled to receive the common stock dividend distribution. Those shareholders holding ASPZ in their brokerage accounts will still be able to receive this dividend until the Xdate is properly established. Daniel S. McKinney, CEO said, "We are currently restructuring MCRT and will be distributing the dividend to our shareholders as soon as this process is finalized and all regulatory agency filings have been completed." The Company plans to file a SEC registration statement, and list MCRT on the OTC Bulletin Board. MCRT is currently traded on the "grey-sheet" market.
"MCRT is negotiating to acquire a Hong Kong based internet TV channel (www.mychannel.hk), which, along with our ownership of two million shares of CRM company Entellium, will add significant value to API in 2008-09," said McKinney.
Of course the numbers are ridiculous.
By the way, change your asset assumption to the company's claim of $100 million.
IMO it's a question of whether the audited financials prove out to show the earnings you've discussed.
Then it's a matter of getting off the pink sheets... and maybe even getting off the bb to an exchange that commands some respect in the investment community.
The Gods
have been good to us today.
Gifts like these come rarely.
Is there any hope left for this outfit?
Do they even own their boat anymore?
Believer? Or stuckee?
These clowns promised to be profitable from the getgo.
Instead they've diluted the lifeblood out of the stock, keeping a large share of stock for themselves... and then dangled boatloads of carrots.
Notice that even in the latest announcement they fail to set a target to become profitable or even to get current with their filings.
What I conclude is that they're sincere dogooders who are better at setting lofty goals than achieving real business results.
I'd sell my shares... if only they'd achieve any significant value.
Geotec, Inc. Completes Initial Patenting Documentation
DELRAY BEACH, FL, Jun 18, 2008 (MARKET WIRE via COMTEX) -- Geotec, Inc.
(PINKSHEETS: GETC) announced today that it has compiled and prepared the
documentation to file its initial patent applications. Drinker Biddle & Reath
LLP of Berwyn, Pennsylvania has been engaged to file Geotec's patents in the
United States and Worldwide.
The patent applications will include the protein and enzyme processing, cleaning
and purification of pre-combustion solid, liquid and gas hydrocarbons. Parts of
the patent application will include the lowering of metals, mercury, sulfur and
other hydrocarbon contaminants that will decrease the air emissions of Nitrogen
Oxides (NOx), Carbon Dioxide (CO2) and Sulfur Dioxides (SO2) and fine particles.
These patents will describe the process for the production for bio-diesel/jet
fuel and marine bio-diesel in a bio-refining program. Geotec's enzyme/protein
patents will cover the transesterification of ethanol into bio-fuels and
bio-crude, environmental remediation, preliminary stages of carbon sequestration
and its process to decontaminate gases containing impurities.
These patents will enable Geotec to develop its "GeoRich" family of bio-friendly
fuels. The patents will cover its own fuels to operate its mining, bio-refining
facilities and ground and marine shipment of "GeoRich Fuels."
The sequestration of carbon dioxide, sulfur dioxides, nitrogen oxides and other
contaminates from the post-combustion of hydrocarbons will also be disclosed.
About Geotec, Inc.
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company with
operations in the United States and Argentina. It utilizes proteins and enzyme
technology to chemically convert hydrocarbons to commercially produce
higher-value coal. The technologies are used on hydrocarbons, such as coal or
oil, to reduce heavy metals and other contaminants such as sulfur, arsenic and
mercury. It can correct pollution in the air, water or soils. In addition, the
Company owns process technologies that can remediate hydrocarbon-contaminated
soils. The Company's assets in Argentina are comprised of the mineral rights in
seven Asphaltite (high-volatile hydrocarbon material) mines.
Safe Harbor
Statements in this release, which relate to other than strictly historical
facts, including statements about the Company's plans and strategies, as well as
management's expectations about new and existing products and services,
technologies and opportunities, market growth, demand for new and existing
products and services, are forward-looking statements. The words "believe,"
"expect," "anticipate," "estimate," "project," "intend" and similar expression
identify forward-looking statements that can speak only as of the date hereof.
This press release contains certain forward-looking statements regarding Geotec,
its business prospects and results of operations that are subject to certain
risks and uncertainties posed by many factors and events that could cause
Geotec's actual business, prospects and results of operations to differ
materially from those that may be anticipated by such forward-looking
statements. The Company assumes no obligation to notify of any changes, other
than material events as required by the Securities and Exchange Commission.
Readers are urged to carefully review and consider the various disclosures made
by Geotec in this new release and other reports filed with the Securities and
Exchange Commission that attempt to advise interested parties of the risks and
factors that may affect Geotec's business.
Contact:
Point Communications Group
Richard Kaneb
(888)-429-6210
http://www.geo-tec.net
SOURCE: Geotec, Inc.
CONTACT: http://www.geo-tec.net
Copyright 2008 Market Wire, All rights reserved.
SUBJECT CODE: Environment:Regulations and Law
Energy and Utilities:Oil and Gas
Geotec, Inc. to Host Educational Conference Call June 19th
DELRAY BEACH, FL, Jun 16, 2008 (MARKET WIRE via COMTEX) -- Geotec, Inc. (PINKSHEETS: GETC) announced today that it will hold an educational conference on Thursday, June 19, 2008 from 2-3:00 PM for shareholders and other interested parties. Two shareholders have requested an introductory meeting to discuss technology. Therefore, Geotec, Inc. invites all shareholders to attend the meeting at Geotec's headquarters or teleconference into the number provided below. The educational call will focus upon Geotec's proprietary technology to convert lower value hydrocarbon feedstocks to cleaner and higher value commercial products and, in the process, produce remediated byproducts.
Bradley T. Ray, Chairman and Chief Executive Officer of Geotec, will host the call and be accompanied by Bill Richardson, Chief Technical Officer of Geotec.
Mr. Richardson will give an overview of Geotec's technology, its present state of implementation as well as an update on Geotec's additional initiatives, including but not limited to, the status of its asphaltite to diesel fuel bio-refining program, transesterification of ethanol into bio-fuels and bio-crude, environmental remediation, preliminary stages of carbon sequestration and its process to decontaminate gasses containing impurities.
During the presentation technology-related questions can be emailed to btu@geo-tec.net and will be answered in the order that they are received. The conference call can be accessed by dialing a direct toll access number at (978)964-0049. The participant pass code to access the call is 808355#.
About Geotec, Inc.
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company. Geotec has operations in the United States and Argentina and utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially higher-value coal. The technologies are also used to purify hydrocarbons, such as coal or oil, of heavy metals and other contaminants such as sulfur, arsenic and mercury to prevent or correct pollution in the air, water or soils. In addition, the Company owns process technologies that can remediate hydrocarbon-contaminated soils. The Company's assets in Argentina are comprised of the mineral rights in seven Asphaltite (high-volatile hydrocarbon material) mines.
Safe Harbor
Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations about new and existing products and services, technologies and opportunities, market growth, demand for new and existing products and services, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "intend" and similar expression identify forward-looking statements that can speak only as of the date hereof. This press release contains certain forward-looking statements regarding Geotec, its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Geotec's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. The Company assumes no obligation to notify of any changes, other than material events as required by the Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by Geotec in this new release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Geotec's business.
Contact:
Point Communications Group
Richard Kaneb
(888)-429-6210
http://www.geo-tec.net
SOURCE: Geotec Inc.
CONTACT: http://www.geo-tec.net
Copyright 2008 Market Wire, All rights reserved.
SUBJECT CODE: Energy and Utilities:Oil and Gas
Same to you... and special thanks for the company updates you've posted recently.
If the audited books show assets anywhere near the $100 million you've revealed, we should be in for a very profitable year.
Someday... probably in the next month or two, investors will realize what we've got here.
A quote from the 6/11/08 announcement:
"Mr. Ray concluded: "Locating substantial resources such as those available through GreenCoal is another step in the development and commercialization of the Geotec technologies and processes. First, we needed to prove our proprietary enzyme/protein technology, which was independently tested; then, we needed to show the feasibility of scaling up to commercial levels, which we are doing with TTI Technologies, Inc. We recently announced an investment banking agreement with StoneGate Partners, LLC for the potential financing of our projects; and now we are locating sites, such as those to be identified by GreenCoal, for the recovery of saleable coal from gob, culm, lignite or other lower-grade or dirty coals or carbon fly ash."
"Locating substantial resources such as those available through GreenCoal is another step in the development and exploitation of the Geotec technologies and processes." -- Bradley T. Ray, CEO
About Geotec, Inc.
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company. Geotec has operations in the United States and Argentina and utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially higher-value coal. The technologies are also used to purify hydrocarbons, such as coal or oil, of heavy metals and other contaminants such as sulfur, arsenic and mercury to prevent or correct pollution in the air, water or soils. In addition, the Company owns process technologies that can remediate hydrocarbon-contaminated soils. The Company's assets in Argentina are comprised of the mineral rights in seven Asphaltite (high-volatile hydrocarbon material) mines."