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Hello mule,
I am happy that all is well....
Have e-mailed and called Ken Lamb without response in the last two week`s, will try again today...
chevy56
sam,
There has been some success with reaching Ken Lamb or his assistant in the past, by myself and other`s...
Hope to hear something soon, will share with the board..
chevy56
P.S. EAGM will not return e-mails, yet I`m undaunted, will continue to try.
elton,
I have e-mailed the company in the past week, no response, also gave Ken Lamb a call, left a message.
Waited this long....
chevy56
elton,
Your correct, if we get that PR.
That is what we are banking our fortunes on, at this point.
chevy56
Hope we hear something soon....
panning,
Your right, it is only a new reporting requirement...
chevy56
elton,
I think we will go up, see no reason why we should not.
chevy56
Just my thoughts.
panning,
Thanks for the information.
chevy56
Should be interesting when trading starts.
chevy56
Also called Ken Lamb, left a message on his answer machine.
Will let the board know of any updates...
chevy56
I have E-mailed MGMX, no response.
chevy56
sam,
Thanks, hope these guys pull it together...
chevy56
sam,
Again thanks.......
I almost forgot, thanks for letting me borrow your earlier post...
Great words should be shared....
chevy56
Spellbound,
I agree.......
chevy56
pretty I agree, sometimes a positive word helps,taken from another board...
chevy56
PRICE OF GOLD SOON TO RISE
Wouldn't we all like to see the EAGM PPS rise drastically? That is what happens to gold mining stocks when the price of gold rises. And the comparative rise is NOT linear. If gold goes up 50% the PPS could go up 1000% or more. What are the chances of this happening soon? EXCELLENT!!!!
The US Dollar is at an all-time low. Fed Chairman Bernanke (sp?) will not move to correct this problem by raising interest rates. He fears that if he does the housing market, which is already on the cliff of disaster by low cost Adjustable Rate Mortgages, may crash. In addition to ARM(s) percentage increases are the uncredit worthy mortgagees that really did NOT qualify for a standard 10-20% down fixed-interest 30 year loan. They got their loans with nothing down at a slightly higher rate and can not keep up with the payments. They have nothing to lose by walking away from their mortages. To top all of that off, Bernanke is waiting for the opportunity to cut interest rates to save the home builders and give that banks some time to get more quality loans on their books to counterbalance the poor ones of the past 2 years. This non-action or lowering of the rates is going to kill the value of our dollar. All central banks have been unloading US Dollars for quite a while now. Soon the standard (GOLD) will be push up in price, maybe as far as $2,500 US Dollars per ounce. Even if we don't get that high, remember that the price of mines and mining companies of gold, will increase exponentially. EAGM and MGMX should do extremely well within that situation. I believe this will all take place by 12/31/2008. That's my prediction. SAM.
sam,
Thanks for that post, some time`s confirmation is needed.
chevy56
igloo57,
I sent off a e-mail to MGMX, should I get a response will let the board know..
chevy56
Taken from another board (Aug 1st, coming up)
chevy56
Watch Out for the Skull and Crossbones
New Pink Sheets Labels Flag the Worst Over-the-Counter Bets
By Nell Henderson
Washington Post Staff Writer
Sunday, July 29, 2007; F01
Riding the stock of Vision Airships during the past few months would have made any investor airsick.
The company, which described itself as a blimp business in the making, was trading at less than a penny in April when it suddenly shot to $3, only to crash like the Hindenburg to near zero this month.
The climb was fueled by hyperbolic press releases -- "We are on the road to explosive growth" -- and spam e-mail touting the stock. The subsequent flameout was best described by the Securities and Exchange Commission in an order issued Monday. The SEC said it had halted trading in the stock due to questions about the company's assertions regarding its acquisition of blimps, its funding for expansion and its potential revenue.
The turbulence of Vision Airships' shares highlights the sometimes dangerous world of over-the-counter stock investing. It's because of stocks like Vision Airships that companies quoted by an OTC service called Pink Sheets will start carrying warning labels this week.
Over-the-counter stocks are those not listed on the regulated stock exchanges and markets. Many of the companies are too small, thinly traded or financially troubled to be listed on exchanges and markets where issuers must meet minimum size and financial requirements.
Internet-based Pink Sheets publishes price quotes for about 8,000 over-the-counter securities. It does not require issuers to register with or report audited financial results to the SEC or other regulatory authority; some do, and some don't.
These securities "can be among the most risky investments," the SEC says in a note to investors on its Web site. "That's why you should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets."
The warning labels, said Cromwell Coulson, chief executive of Pink Sheets, will help investors distinguish between dodgy and decent securities. For example, a black skull-and-crossbones icon would appear alongside securities promoted by spam or "other questionable action," said Coulson. The symbol will mean, "bad people are involved," he said. "Pirates. You should be careful."
Pink Sheets also displays price quotes for the securities of solid companies with real operations and earnings, including big-name multinational corporations.
Some issuers of stocks on Pink Sheets could list on U.S. exchanges but choose not to because of the cost of meeting the reporting requirements.
Many companies, such as Volkswagen, Heineken, Nestle and Nintendo, are listed on foreign exchanges and sell their American depositary receipts through Pink Sheets.
Several issuers, such as auto parts maker Delphi, have been delisted from an exchange because they are bankrupt or are going through some other financial distress.
The value of securities traded through Pink Sheets has ballooned in recent years, to $113 billion last year from $29 billion in 2000, the private company said. The number of shares traded topped 1 trillion last year, up from 22 billion in 2000.
So how to tell the promising from the poisonous?
In addition to the skull and crossbones, Pink Sheets will display symbols categorizing each security in terms of the extent and timeliness of the issuer's public financial reporting -- while not evaluating or endorsing the quality of those reports.
A pink check mark will appear next to those securities whose issuers currently and fully disclose their financial results. For example, about 3,000 Pink Sheets securities are also traded through the OTC Bulletin Board, which is owned by NASD and requires issuers to report their financial results to the SEC or another regulator.
A triangular "yield" symbol means the issuer has disclosed a limited amount of financial information in the past six months. A stop sign will mean the issuer has provided no information in six months.
Pink Sheets has also created a Web site, http://www.OTCQX.com, for what it considers its top tier of stocks or American depository receipts whose issuers have audited financial statements. So far, most are companies listed on foreign stock exchanges, like Wal-Mart de Mexico S.A.B de C.V.
"Hopefully, what we're doing is making more information available so the market can be more efficient," Coulson said.
Coulson also hopes the system will boost his business by helping market his higher-end offerings -- securities that might sell better if not tainted by association with some of the bad apples in the Pink Sheets barrel.
The stinkers include "shell companies, just in the business of issuing press releases and shares," and stocks being promoted through spam, Coulson said. "There's a fair amount of companies that are highly speculative and questionable."
And the new symbols, he added, are "not going to make bad companies go away."
So why does Pink Sheets display such quotes?
Because it is paid to.
The broker-dealers that sell the securities pay Pink Sheets to display their bid and ask prices. The broker-dealers must be registered with the SEC and members of NASD, formerly known as the National Association of Securities Dealers. But Pink Sheets itself is not a regulator, exchange or market.
When Coulson and other investors bought the company in 1997, it was known as the National Quotation Bureau, which published quotes on pink paper along with the broker-dealers' telephone numbers. The broker-dealers called one another to trade. "It used to be a phone book," Coulson said.
Over five years, Coulson's group renamed the service and moved it online, so investors could see real-time, firm price quotes, and trade electronically.
Pink Sheets helps many investors find undervalued securities or distressed companies that may recover.
"You potentially can identify companies that are attractive investments," said Robert E. Robotti, president of Robotti & Co., a financial firm that is both a broker-dealer and investor in Pink Sheets securities. But he added, "You need to know what you're looking at and assess what you think that business might be worth."
For investors who trade Pink Sheets securities, the new categorization system is an improvement, said Joseph P. Borg, president of the North American Securities Administrators Association. "More disclosure is better."
But Barbara Roper, director of investor protection for the Consumer Federation of America, said individual investors should steer clear of the risks. "For average retail investors, the entire category of Pink Sheets stocks should carry a skull-and-crossbones label," she said.
Coulson said he got the idea for the disclosure categories from eBay, which classifies its "PowerSellers" by their positive buyer feedback and high sales volume. But, he added, "there's a lot of stuff for sale on eBay that you'd never buy."
Taken from another board, worth reading to protect one`s self in the future. NEW rules concerning penny stocks.
chevy56
Watch Out for the Skull and Crossbones
New Pink Sheets Labels Flag the Worst Over-the-Counter Bets
By Nell Henderson
Washington Post Staff Writer
Sunday, July 29, 2007; F01
Riding the stock of Vision Airships during the past few months would have made any investor airsick.
The company, which described itself as a blimp business in the making, was trading at less than a penny in April when it suddenly shot to $3, only to crash like the Hindenburg to near zero this month.
The climb was fueled by hyperbolic press releases -- "We are on the road to explosive growth" -- and spam e-mail touting the stock. The subsequent flameout was best described by the Securities and Exchange Commission in an order issued Monday. The SEC said it had halted trading in the stock due to questions about the company's assertions regarding its acquisition of blimps, its funding for expansion and its potential revenue.
The turbulence of Vision Airships' shares highlights the sometimes dangerous world of over-the-counter stock investing. It's because of stocks like Vision Airships that companies quoted by an OTC service called Pink Sheets will start carrying warning labels this week.
Over-the-counter stocks are those not listed on the regulated stock exchanges and markets. Many of the companies are too small, thinly traded or financially troubled to be listed on exchanges and markets where issuers must meet minimum size and financial requirements.
Internet-based Pink Sheets publishes price quotes for about 8,000 over-the-counter securities. It does not require issuers to register with or report audited financial results to the SEC or other regulatory authority; some do, and some don't.
These securities "can be among the most risky investments," the SEC says in a note to investors on its Web site. "That's why you should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets."
The warning labels, said Cromwell Coulson, chief executive of Pink Sheets, will help investors distinguish between dodgy and decent securities. For example, a black skull-and-crossbones icon would appear alongside securities promoted by spam or "other questionable action," said Coulson. The symbol will mean, "bad people are involved," he said. "Pirates. You should be careful."
Pink Sheets also displays price quotes for the securities of solid companies with real operations and earnings, including big-name multinational corporations.
Some issuers of stocks on Pink Sheets could list on U.S. exchanges but choose not to because of the cost of meeting the reporting requirements.
Many companies, such as Volkswagen, Heineken, Nestle and Nintendo, are listed on foreign exchanges and sell their American depositary receipts through Pink Sheets.
Several issuers, such as auto parts maker Delphi, have been delisted from an exchange because they are bankrupt or are going through some other financial distress.
The value of securities traded through Pink Sheets has ballooned in recent years, to $113 billion last year from $29 billion in 2000, the private company said. The number of shares traded topped 1 trillion last year, up from 22 billion in 2000.
So how to tell the promising from the poisonous?
In addition to the skull and crossbones, Pink Sheets will display symbols categorizing each security in terms of the extent and timeliness of the issuer's public financial reporting -- while not evaluating or endorsing the quality of those reports.
A pink check mark will appear next to those securities whose issuers currently and fully disclose their financial results. For example, about 3,000 Pink Sheets securities are also traded through the OTC Bulletin Board, which is owned by NASD and requires issuers to report their financial results to the SEC or another regulator.
A triangular "yield" symbol means the issuer has disclosed a limited amount of financial information in the past six months. A stop sign will mean the issuer has provided no information in six months.
Pink Sheets has also created a Web site, http://www.OTCQX.com, for what it considers its top tier of stocks or American depository receipts whose issuers have audited financial statements. So far, most are companies listed on foreign stock exchanges, like Wal-Mart de Mexico S.A.B de C.V.
"Hopefully, what we're doing is making more information available so the market can be more efficient," Coulson said.
Coulson also hopes the system will boost his business by helping market his higher-end offerings -- securities that might sell better if not tainted by association with some of the bad apples in the Pink Sheets barrel.
The stinkers include "shell companies, just in the business of issuing press releases and shares," and stocks being promoted through spam, Coulson said. "There's a fair amount of companies that are highly speculative and questionable."
And the new symbols, he added, are "not going to make bad companies go away."
So why does Pink Sheets display such quotes?
Because it is paid to.
The broker-dealers that sell the securities pay Pink Sheets to display their bid and ask prices. The broker-dealers must be registered with the SEC and members of NASD, formerly known as the National Association of Securities Dealers. But Pink Sheets itself is not a regulator, exchange or market.
When Coulson and other investors bought the company in 1997, it was known as the National Quotation Bureau, which published quotes on pink paper along with the broker-dealers' telephone numbers. The broker-dealers called one another to trade. "It used to be a phone book," Coulson said.
Over five years, Coulson's group renamed the service and moved it online, so investors could see real-time, firm price quotes, and trade electronically.
Pink Sheets helps many investors find undervalued securities or distressed companies that may recover.
"You potentially can identify companies that are attractive investments," said Robert E. Robotti, president of Robotti & Co., a financial firm that is both a broker-dealer and investor in Pink Sheets securities. But he added, "You need to know what you're looking at and assess what you think that business might be worth."
For investors who trade Pink Sheets securities, the new categorization system is an improvement, said Joseph P. Borg, president of the North American Securities Administrators Association. "More disclosure is better."
But Barbara Roper, director of investor protection for the Consumer Federation of America, said individual investors should steer clear of the risks. "For average retail investors, the entire category of Pink Sheets stocks should carry a skull-and-crossbones label," she said.
Coulson said he got the idea for the disclosure categories from eBay, which classifies its "PowerSellers" by their positive buyer feedback and high sales volume. But, he added, "there's a lot of stuff for sale on eBay that you'd never buy."
rossi,
Someone is shorting the stock between .0035 to .0045..somtimes a little higher or lower.
Notice, it only moves up and down between these numbers..
Kind of like a rolling stock...
No information from CGHI...
chevy56
P.S. I e-mailed CGHI, no response.
No word Naboom.
chevy56
Spellbound, reads about right.....
chevy56
If this company has any thing going, we will soon find out...
Dollar is below 80cents now, gold looks to rally...
chevy56
Da(*98m the torpedos full speed ahead...
Spellbound, some time ago on KITCO, it was reported, big money bet`s, the dollar this year would hit 71 cents, the fear is 53 cents....
chevy56
Go MGMX
Spellbound,
Dollar seems to be moving down pretty fast now...
Looking for gold $700 and beyond soon...
chevy56
Hope MGMX will be on board....
Every one check your pockets, dollar 79.98.....
chevy56
Spellbound, to piggyback on your article, taken from KITCO
chevy56
China now No 3 gold consumer and producer(07/20/07)
China's gold production and demand are forecast to continue rapid growth over the coming years as local incomes rise and the precious metal is more widely purchased for jewelry and investment.
According to the Gold Survey 2007 published by Gold Fields Mineral Services Ltd (GFMS), a London-based precious metals consultancy, though global gold output dropped slightly last year, China's production of the precious metal increased 8 percent year-on-year to hit 247 tons and overtake Australia as the world's third-largest gold producer.
The National Development and Reform Commission (NDRC), China's top industry regulator, said that the country produced 122 tons of gold in the first six months of this year, up 15 percent, from the same period a year earlier.
NDRC said in February that the nation's 2007 gold production will reach 260 tons, which would be another 8 percent annual increase.
The NDRC projected that total gold production in China will be 1,300 tons from 2006 to 2010.
Philip Klapwijk, executive chairman of GFMS, said that the surge in China's gold output is stimulated by robust domestic demand and rising global prices.
China is now also the world's third-biggest gold consumer, following the United States and India. Demand for gold totaled 259.6 tons last year, up 3 percent from 2005.
Demand in 2006 included 244.7 tons for jewelry, up 1 percent, and 14.9 tons for investment, an increase of 27 percent.
"Consumer demand for gold in China will continue to grow this year following consecutive increases over the past four years," said Klapwijk, due to rising disposable incomes, the Chinese tradition of valuing gold and the further opening up of the domestic gold market.
The World Gold Council, a London-based marketing organization funded by the world's leading gold miners, earlier forecast that consumer gold demand in China will reach 600 tons annually in coming years.
Albert Cheng, managing director of the World Gold Council Far East, said that jewelry consumption is still the dominant use for gold, taking 90 percent of the market.
Yet GFMS's survey showed that Chinese interest in gold bars and coins, especially commemorative ones for China's Year of the Pig and 2008 Beijing Olympic Games, is very promising.
"They (the gold bars and coins) are regarded as safe and reliable investment tools, amid fluctuations in the nation's stock market and rising property prices," said Sun Zhaoxue, head of the China Gold Association. He said he believes individual gold investment will grow faster than jewelry purchases.
Growth in both gold production and demand in the country is also spurred by rising prices on international markets.
Official statistics show that the average price of aurum-99.99 gold in China jumped by 32.35 percent, or 37.95 yuan a gram, last year over 2005.
Domestic gold prices began fluctuating in line with changes in the world market in 2001 when the Shanghai Gold Exchange, China's sole national bourse for the metal, was formed in a move to open up market for the precious metal.
Trading volume at the exchange, where there are 149 members making spot transactions in renminbi, increased by 37.81 percent last year over 2005 to a total of 1,249.3 tons.
The survey forecasts that world gold prices will exceed $700 an ounce by the end of this year compared with the current $640 to $680, and might rise to $850 an ounce next year.
Tel:(202) 328-2500 Email: chinaembassy_us@fmprc.gov.cn
penny, hope that will be soon.
chevy56
penny,
Not until we get a PR from Ken Lamb...
chevy56
Spellbound,
$684 gold today looks good....
Week-end coming up, let`s see if the plunge team will be up to there dirty tricks.....
chevy56
Spellbound, good article, KITCO carried similar article early this year...
chevy56
80.9....
fading fast now....
chevy56
Dollar 80.18..........
How do you say Five dollar bill, does it exist other than in our pockets?
chevy56
Hmmmmm till the end......
Sounds dangerous to me..
We should get new`s soon, New regulation`s start Aug. 1st...
Expect the worse, hope for the best....
chevy56
maxgold,
Look at EAGM, last news Nov.2006...
Volume has been nothing for months....
Today volume up the wazoo....
The big story, still NO news...stock was up 166%.
chevy56
You just never know.
Spellbound,
Our turn will come...
That move surprised me....
chevy56
HAK41,
I was prepared to wait until next year on this one, what a surprise....
chevy56
mule, Spellbound, elton,
I share your thoughts....
chevy56
Spellbound, 51 or 57 percent of home owners have bad loans across the United States...
Problem, they cannot refinance from under those bad loans..
The other problem, example, a $500,000 dollar home that sold last month, cannot be sold for that price this month, that new homeowner is now upside down in his or her home...
In other words, he or she cannot sell to get out of his investment.....
Homes in my neighborhood have house (Bank) sitters, they will not sell, Banks are going to take a bath, a blood bath....
chevy56
Some one break out the marshmellows.
Spellbound,
Oil up to almost 75 bucks last check....
Price of gas headed north again....
Ethanol causing the price of food to go up.......
Then we are looking down the barrel of a war....
I will say it again, hope our investment moves before the intelligent rock throwers start up.
chevy56
Spellbound,
Hope our investment move`s before the nonesense start`s.
Time may not be on our side....
chevy56