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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?
Not sure if you sell 5 million shares and have dumping all day that is a good sign. Most likely folks taking their tax losses now figuring it goes lower and they buy back or just gave up. A good sign is increasing volume and oprice and not down or a stagnant price!
lot of dumping at .005
Look like folks just flipping the stock for a gain here today with nothing going on.
I think the pump was just the few fins. that came out and the report and computations of all the gold potential. It does not have to be an outside promoter it can be fueled by just speculation and hype and IMHO that was the case here. Either way it went up to almost .03 and down to .005 so the charts tell the story. Call it what you want the damage has been done. It was pumped by speculation and dumped when they failed to follow through intentional or not.
It would seem that someone is telling SP that they are coming and making him out to be a liar and anyone that repeats it or SP is just blowing smoke and saying whatever is expedient regarding SNEY.
Sorry, all you need to do is look at the chart for your answer. Pretty obvious to me whne the stock goes up 500%+ and then back down to where it was. Do you deny that?
Kid you are going to sit and wait that is what you are going to do just like us. You are no better or worse in that case. Let's be honest you say. Yes, how about SNEY being honest with shareholders now that would be a novel idea!
1) I do not need the write off 2) I'm so far down I would not get much if anything back to invest 3) All the DD posted has done NOTHING for the price so how good is it? 4) Can anyone know what is really in the hearts of those running the company, even the one or two that had a brief meeting? 5)All good scams have enough truth and believers promoting the cause to pump up the price and even those that think they are in the know are the ones that lose the most unless they know the game in advance or just figure 99% are scams and play it that way.
So, I'll just wait for the next pump and get out what I can. I don't need the cash for any current needs and have very little debt.
Well, I do tend to agree, but to dump anymore money in front of a possible RS would be even more foolish I think so I'll just wait and hope for the best and get out like you said on the next P&D move in the spring. That seems to be the cycle these junior miners run on.
Comical? I think you are digging yourself a bigger hole to jump in. You make the assumption those with the most at stake have superior information. Well, it seems if they did and held they did so and lost 500% or more gains they could have booked or they are no being truthful about never selling a share. Seems any one that held to this point has suffered no matter the size of their account and no one should be happy with the situation at hand and laughing. As a matter of fact they should all be mad. All the grit in the world has done nothing but cause pain and suffering so far.
If management does not care about shareholders why should we give them our trust , especially in light, of the never kept promise of Fins. and no news updates? Are we supposed to assume success or travel to SL and find out for ourselves? It does seem like they are doing everything they can not to support the stock price. I feel that they are sandbagging news for the benefit of others so they can sell more cheap shares or possible RS and do so or maybe things are much worse than any of us think. With their attitude towards shareholders I expect to see at best another P&D after all their buddies are in place to profit. This looks just to be another scam pinky run by some scummy paper sellers. Sorry, but looks like another KATX to me at this point.
Bad days yes, but this has gone on for over a year and all the longs excuses have failed so they end with you win some you lose some. I just wonder how many were in on this and hope the SEC does a good exmination of those who sold at or near the high and who was doing the shorting while the 100+ million shares walked this down and who was behind that. This was planed out and the BVIG shares were the final pump that left many big time bagholders. Yes, this was a obvious planned scam and people should pay with prison time IMHO.
Yes, great to hear again and again and again. Not to shoot the messenger, but I'll believe it when I see it. That way it will be a surprise.
Why would they need to sell equity when they supposedly have all that gold? At least that was the banter on the board.
massive dumping at the year end. I guess people are betting they can buy back for the same price or less in 30 days and nothing will happen or maybe they know that for a fact? Come on SNEY stop holding out on us!
If you found something why hide it? It has to be for a few reason.
What are some good reason to hide good news for 10 months? What are some bad reason? Please post your answers along with the ones that said how long you will wait for mgt. to perform.
Where's the proof they have provided? I do not see any. It is great to show what is possible, but more important is what SNEY found and reports don't you think?
Wow the price sure is instilling confidence! Great job Management!
I have not received my shares yet have you?
An ART who controls getting the financials out 2 months after they were supposedly ready?
Come on how can you say that I'm actively bitching about SNEY's management on a daily basis.
I'm so happy you are all glad with the present situation and continue like there is nothing at all wrong. So, at what point do you give up and sell because they fail to deliver? Please give dates so I can mark them on my calender to see if you are still posting.
Big Green apparently they do not believe in activist shareholders and feel you have no right to be informed and just take what you get. Seems to me that is the way flippers and traders like it so they can build the story and sell on hype. A true investor prefers in be kept in the loop and have a shareholder friendly company that understand they are a public company and what it entails versus a private company that answers to no one.
Well, so am I but you can try and change how mgt. treats shareholders by getting enough people pissed off to do something and put pressure on them or just sit around like over at KAT for 12 months and they tell you nothing and you see the company left as a shell. I for one would like mgt. to be somewhat transparent and keep their word, but hey if you like getting treated like dirt just stay quiet. Funny how people blame the wrong people that have no control over the company and not the company itself? Am I holding back financials and results?
Well, if you promise something and don't ever deliver after what now 10 months wtf do you call it Jim? A freaking minor delay? You people need to stopmaking excuses for these clowns and demand performance instead of delays.
Yes, it is amazing how long they can make us suffer waiting for the fins. I totally agree sick and tired of it.
lol
I questioned their truthfulnees as they have lied to us on the fins. I did not call him a crook.
How do they consider filed shortly when it has been 2 months from the statement. Can you say since March we have been strung along?
I know they had problems in the past with Mods being in on P&D's as was the guy who set up IHUB. Of course it could be if they do not perform or post enough they are automatically removed.
looks like others doing it already. Sure is a great sign of confidence in our outstanding mgt. team.