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Well, you have a trifecta of problems. 1)The housing bubble 2) The interenet and technology and the loss of jobs it has created by cutting labor cost 3) The baby boom bubble of spending has ended and will now start to use their investments to survive.
You prove my point. If the government is taking more money up in taxes then there ios less money to drive up prices with. Yes, I agree we and China fudge numbers but that just masks how bad things are.
Yes, but gold goes down as the dollar gets stronger and some are saying the Euro will trade in parity with the dollar. Also, if we change Presidents in 2103 that QE idea maybe a thing of the past.
Why, because it does not fit into your world view? Look if demand is down so much and people are afraid to spend money no matter the price you get deflation. With price comparison at your finger tips and China and other low cost mfg. willing to dump goods in our market along with a real 20% unemployment it looks more real than inflation. Food prices are coming down and so are commodities. Oil consumption is down and the price propped up by traders. I'm betting some countries in debt trouble maybe dumping gold as China's recent huge buy is not even holding the price in check. Europe is in trouble and even China's rapid growth has slowed.
Any notice gold down $30 this morning and about to go under $1600. Dennis Gartman called this and we could see $1200-$1400 soon. We are in a deflation and not an inflation, but hey no one believed me when I said this months ago.
Just the same old pattern and I fell for it on stocks at least. You spinkle some hope with some factual information (or you expect it to be) and then some change being they will get caught up on the Fins. I guess SP was looking at the playbook and that is why he was in Chicago trying to figure out the next move after the last little P&D move. Next they have to get more cash in and some hope built up maybe with some real numbers and a few fins so they can buiold hope and the new investors can flip. Rinse, wash, repeat until they catch on and then you change names and do it all again. It is called a ponzi paper scheme. Thing is you have to have just enough of a good story and story tellers to feed the greed. Show me where and why you believe SNEY is any different than most junior miners.
Level 13 run by the death star.
My point is some con bought up the stock to trick someone to unload on them. Pretty obvious we have players here that would scam their Mom for a buck.
That was just some joker trying to scam a litle pump so they could unload the cheapies they got yesterday. I did not know they let cons trade from prison.
Look at his history with us is what I'm more concerned about rather than a company he is no longer associated with. So far they have promised fins numerous times since March and not delivered. They supposedly dredged black sands and gold for 4 months and yet never reported what they found and their value. SNEY needs to be accountable don't you think. BTW if that is your gal you are a lucky guy.
You maybe right or you could catch a falling knife. I say the best way to get mgt. attention is to not trade at all and wait until they decide to inform us. Just let it sit and maybe when no one will buy their shares that will get their attention.
Come on that excuse may have held water in March, but it is Decemeber now. Heck, for all we know it could be held up because they do not have the money to pay the audit bill, but hey how would we know?
We are all here to make money. I just expect more from mgt. than to take investors money and then not perform and be completely non transparent. Instead we are all treated like trash that has been tossed aside after use. Since they ignore my calls and emails this is my sounding board. I'm vocal about mgt. of any company that I feel is screwing it's shareholders, especially when I'm one!
The only thing management is hiding by not getting out the fins is their poor performance. Otherwise, they would be out by now. You do not hide good news. I think mgt. should get what we are getting from them and that is a 4 finger salute.
Sure they will. I'm betting they will give us one and let us wait another 3 months or more for the next one so you will always be guessing and they can hide their incompetence.
The company can't seem to save itself so how can it save us or does it even want to? They can always just redo this and find some other want to get rich quick suckers with gold fever. Where's all the cheerleaders today?
I have no proof that any of that will happen. These guys have proven that they can sell paper so far and that's all. We have not seen an ounce of gold. Of course they told us they were getting gold and Ree's out of the river, but no real proof. On top of that gold is collapsing. We missed our chance and waited too long. Mgt. sucks!
Not the way I wanted to see a high volume day with dumping and a lower price. Those teasing it will be at .02 soon probably just bought and hoping to unload before it hits .01.
HDSN? Now where do I remember them from? That's right they sold off over 100 million KAT shares on their dump. I do wonder if any of the same criminals are involved here?
I get the feeling management has their money and could care less if shareholder benefit. I guess they look at it this way. You had a chance when it ran and if you missed it sucks for you. Now they will let it bleed out and set it up for the next round since we are all used up. At this point I suspect the next news we get is a reverse split to lower the share count wiping anything left out and then they will do the typical recapitilize so that the 'inside investors' can get in cheap and flip their shares on the folks that think they can hit gold just like in reality TV. Thing is the only winners are the insiders and the ones that know the game. The rest are just suckers buying worthless paper. Yep, I count myself as one.
If these guys know what they are doing and the stock is doing this bad it really has me worried because if they don't know what they are doing then we are really in trouble. Sorry guys, but good management does not go silent when certain things are expected allowing doubt to fester this many months. If this is their idea of a Merry Christmas they must all be atheist.
Sunny and 84 today in SL. Maybe they will be tanning today? Sure would be nice to know if they are dredging or what the heck is going on. This black out of any news is getting very old and not good for the stock price!
Will you stop your incessant whining. Sorry, had to say it. You see everyone has their breaking point to how much BS they will take. BTW I concur.
So you are still believing just because you did not sell you do not have a loss? You are kidding right? You remind me of the banks holding biilons of near worthless loans on the books and because they have not foreclosed they have no loss. You are in la la land buddy.
Not happy with your SNEY presents so far? You will put your eye out kid! Ho Ho Ho
That would make the shares worth .3875 for the balance. I'm guessing they are not very happy at this point or the cash was what it was worth and more and the stock a sweetner?
I hope you get a log for Christmas. Yes, my kids watched that show. Mikey, I agree looks pretty crappy at this point, but that could change on a dime with news. I just doubt that after all these months they change all of a sudden. Blackouts of news are rarely good and like we have said before unless they are setting up for the next round of investors to get out news it will be spring most likely and we will still be way behind. Mgt. has really let down shareholders.
Sorry no PM. Go ahead you can't hurt my feelings I've already lost more than most make in a year on this believing the lies and liars.
Junior miners work until the funding runs dry. OPM is the word. Guessing 99% fail, but what do they care it is someoelses money. If they succeed by a miracle then they get their and maybe the shareholders get some too.
Warrants are a gift assuming the stock goes up for the insiders. Also, good for the company if it needs cash. Only good for shareholders if the cash is used to make the comapny more profitable than the dilution IMHO.
Yes, this is getting ugly and I do feel they are just setting it up for another PP. This time for one or both operations. We will again be big time diluted since these deals are almost always done on the low and not the high. I suspect it will happen between Jan. and March. Heck maybe by then we will get 2010 10k, which will not tell us much of anything. Only way big news comes out is once the new investors are in place so they can flip the stock for a quick 100-500% gain.
I guess those 37 people will not be too happy if they expire and they cannot flip them. I'm betting Mgt. will appease them with an even sweeter deal at a lower price to give them a chance to flip again like last time. 37 peoiple? I wonder how many are on the board or MODS?
I guess it depends on if we need the cash. If, they are sandbagging the gold it could be a smart thing but who really knows. If they need the cash and there is not enough interest to even at this price to cash in the warrants then that's not so good.
No not illegal, but it makes you wonder if a fair price was paid or it was inflated and was the deal to form SNEY just a bailout plan. I do wonder what their debt situation was at the time and if the funding of SNEY covered that, but was not enough to cover operations. You just have to hope I guess these guys say a bigger picture and a way to make money using their combined talents versus a way to sell paper to finance their needs and desires.
So what would the PR say? IMHO first we need the promised shares or it is meaningless, except to Ken and the few who bought BVIG and from the looks of it very few are buying. Second they will need a few more million for a drilling program and that will cause dilution. They then need to pump the property they will drill and create another carrot and stick to bring in suckers, opps I mean buyers. Then once they have the price up then can short and dump again.
Has the claim really been proven except for the one sample posting? I guess that is the news we all are waiting for and why the fins. for 2011 will have to show what they have. Thing is if we do not have 2010 and it is almost 2012 when would we get 2011?
What I find interesting is Dale is involved in both entities. Many times penny stocks will just flip properties into another shell and just play 3 card monty. All they need is new stockholders to fund operations. They can make as much or as little effort as possible because they now have your money and can always just say, "Well, we gave it a go and did not succeed." They can paid either way and you come out with nothing.
Even if Dale is well intentioned and honest it is not an easy business and can fail. At least if a guy and honest and giving it his best and has knowledge and experience you have a chance. If not, you have none because it was never meant to fly. Thing is you never know and I doubt even those that met him can sum up a person with a 3 hour meeting or a phone call. I do hope he's a man of honor, but with the constant delay of fins. and no news I am getting highly doubtful this is a legit operation and just hope to get some back on the next run.
So if you know the answers why not just say it? Otherwisw just ignore the post and keep your comments to yourself please.
Why is it senseless? If Allied was a failed supplier and just had that one concession and nothing else I think it is a legit question. If they had a good supply business did they sell that off or are we running it and what income is it supplying? I think it could tell us something about the character of the overall business. What if Dale is just moving a failed business and marking it up and we basically capitalized it? How did a supply company get the concession in the first place? Did a company fail to pay them and that was collateral and they took it over? Was it won in a poker game? Was it worked before by another company and if so what did they get from it?
So what happened to Allied Supply and their business? Did we just buy them for the concession and what was a fair payment for it? Was this just a way for Dale to unload his business and get money out of it? Just wondering. Any thoughts?