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Yep, never thought we should have went off the Gold Standard and even argued with economist Donald Ratacheck on the issue. There has to be some constant that currency is based on and since gold has been it for centuries. Problem remains government like having the power of a floating currency to hide their sins along with the bankers. IMHO a floating currency does hurt society as a whole and favors the wealthy.
Well, batting 250 is not so great and since that has no time line on after Nov. 15 how good is that?. Not sure it proves we are stable either. We don't know if there's a market for new shares at this point and it seems that not many have taken them up on those options since they may feel the risk with the spread is too high. I guess we can hope that they found enough gold to fund operations, but there's no real proof of that either. I'd hate them to have to sell shares at this price also. This leaves them the RS route assuming they need the money. Thing is who really knows? I think it is material in making a reasonable decision whether to buy or sell don't you?
I believe Sarbanes Oxley has some strong provisions, but to you point the tell will be in 2011 documents to prove wheter or not anything has been done. I agree you do not bury good news but get it out and that is the same argument I made with KATX, although there are differences. It will be interesting to see if those 'in the know' buy up all those selling as the wait for news drags on. That could be very telling. Sorry, this has not ended as we all hoped for at this point at least.
The only thing keeping me here is that I'm down and do not need the losses and a slight glimmer of hope they do the right thing, that it goes up on expectations that are pumped, or they actually hit a large amount of gold and the starts all align. That's about it at this point. GL
Doubt that will happen, but who knows for sure. I suspect if they do it would not be at the full price, but pegged at a certain percentage so gold would not run up to $5000 an ounce. One thing is for sure if Europe implodes the price will go over $2000 pretty quickly. Heck it may even if the Super Commitee fails to get a deal and we get another downgrade. These are scary times for sure.
My end goal was .12 and I thought we would see it by now, but since the Company did not do what they said they would do and we have no clue as to what has been found I do not see that happening any time soon and maybe never. People that delay things indefinitely have something to hide and that is the truth. A CEO that signs the 10K can go to prison if he lies. Therefore, if things suck, they just delay forever to avoid the problem. Kind of between a rock and a hard place for a CEO that has failed in what they are trying to do or dishonest. I do not know their reasons, I am just connecting the dots using some common sense. Therefore, the time is now to get these done or the only conclusion one can reasonable draw is there are problems. (you can pick which term you wish to use)
Yes, Santa Claus, the Easter Bunny and the Tooth Fairy are coming to your house tomorrow also. Show some proof that Ken will distribute the shares. Also, without any news what do you think they will be worth when there are no buyers? Funny, how when they did the original deal we made excuses that KATX losses would be made up by what BVIG prices were when they were .70. Now a year later and no shares, no drilling, no money and no transparency. It was all part of the pump and dump to drive up the price of KATX and I and many more bought it hook, line and sinker. Ken should do 20 years for this scam!
Maybe a smart thing to do? I do believe without some Fins. forthcoming real soon this will retest under .05 as people will lose what little faith is left and take their losses. SNEY will be looked at as hiding something and that is why no 10K. Why else delay what was supposedly ready? Not getting it done by now is piss poor!
That's OK I've been there a half dozen times in my life. I'd rather diving in Bonaire or at the beach with the family any day.
So, then you should know better that this company is not being run properly and should be more concerned. I guess being this is just play money to you that you would be gambling away in a weekend at Vegas you may not really care, but to us peons it is real money. You would think someone of your stature would have a thicker skin. Not sure just what your problem is.
Jim this is a public company and not a sole proprietor. Not sure you get that or maybe you run a mom and pop cash business that you can stuff cash in your pockets and never pay taxes. Thing is they chose to go public to get other people money. They know the rules and need to abide by them. Now leave the manatees out of this. They are peaceful creatures.
OK- KATX mined in 2009 and went from .25 to .005 and looked legit.
Well, not all have contracts and are in the business and while we appreciate all you do to inform us none of us know exactly what SNEY has. You might know what you have been told or what others have done in the area and if you have first word of what they do have and it has not been shared to all stakeholders then they are in violation of Reg. FD, but hell if they don't give a rats ass about filing maybe they do not care about obeying the law either.
That's the problem not enough verifiable information at this point IMHO to really know other than hearsay from those that SP actually talks to and what was reported months ago. They sure as hell are not doing a dam thing to instill confidence. I might hold on a bit longer as I do not need the losses. Do they not have any clue of care about the harm they are doing to themselves?
What if we only think what we know is going on and it is not based on verifiable facts? Perception is one thing and reality can be another.
Well, WTF is there to say since the company is doing nothing, well at least as we know.
Well, hopefully my doubt will be eased and you can say I told you so. Either way if the price get's back up over .025 I will be temporarily appeased.
What are they waiting for the year end stock sell off and maximum pain to shareholders before they announce? IMHO they are certainly not transparent or shareholder friendly at this point.
Saying and doing are to different things. Words must be backed by action to be credible.
Thing is they deliver 1 when 3 are past due. So in essance you are never caught up. How about this. They just get them all done, get rid of the CE and show us what they have acomplished in the last 6+ months. Sorry, is that sking for too much?
Sure and if the Fins do not come out then your stuck. Go ahead they are yours. I'll wait and see before dumping in another penny. I'll believe it when I see it.
Yes, it is the same old story. Running to .05 so better buy now at .025 because it could hit $1 next year. They always pump it up and then sell leaving many bagholders they tell to hold or buy more while they are unloading. Folks you think maybe friendly are just scamming you ostly. Sad that some choose to make money this way. It is the old west do buyer beware there is a snake behind most bushes. This is getting to have the same feel as that feline stock that touted honest mgt., experienced mgt., transparency etc. until they all dumped and a year later silence is all there is and a 95% stock price drop. I hope this is not the same story, but with the lack of action and transparency lately it does make one wonder if even those that tout great DD on their part were not fooled or are god forbid trying to fool others. Funny how the bashers we all hate sometimes turn out right. maybe it is in the odds since 90% or more of pinkies are either mismanged, under funded, or just plain scams.
Trust to a point is fine, but when they fail to deliver on their word and lack confirmation other than their word then there is a problem. Trust needs to be earned and kept and is their most precious commodity. Once trust is broken so is the company and the stock because it becomes worthless.
OK as you say this is coming on on year 3 to get the financials up to date. Excuse me if but patients is not needed. New management is what is needed. If these Bozos cannot do the simple things then how can we trust them to find gold. Maybe the only gold they are finding is selling shares because so far there is not once shred of hard evidence they have found anything on paper that is. Sorry for the rant but patience is not needed. A good kick in the ass is!
That is when he own the stock and was pumping it and sold at the top. He then shorted and since has not covered yet and therefore is still negative. Problem is SNEY has done nothing but help Mr. Long and that is what really pisses me off.
Sorry, but since the crash of the price the naysayers have been right and SNEY has screwed us in the pooch. I'd love to see a change and soon as if they have had the fin. done as has been said where the heck are there. I have never seen anything take so long as this and that makes one doubt everything at some point. they know dam well that the delay has killed most good will and confidece in the stock and therefore the low price. I'm still holding because I'm a gluten for punishment apparently. I know all you that spoke to SP and were told any day have to be majorly pissed. He has never called or emailed me back, which is probably a good thing because I'd just call him a liar.
Probably not. I just womder how long you wait to join the chorus.
LOL
Hope and change. Where have I heard that before? SNEY, next week news is becoming like the boy who cried wolf. Sorry, to say it but I'm feeling once again like I've been had. As we grow very near to year end I suspect with no news this tanks sorry to say. As tired as everyone is about what I've said I'm tired that they continue not to deliver and expect even so diehards are starting to wonder if what they were told were just flat out lies. It is sad that Mgt. seems to care very little for the shareholders and doing what they are required to do as a public company.
It is all in the stategy. Everyone will get so depressed they will sell and then after the last man is out including the investors with warrants they will drop the news. Only thing is by then no one will be listening.
So where's the news. Come on show us the effort you supposedly made after all these months saying you were working on Fins. I think shareholders in general have been more than patient with the massive delays. And don't tell us the dog ate them!
You mean Ken lied when he said he never sold a share? OMG say it is not so. The emperor wears no clothes. Yes, and I thought he also said in March he would get transparent with what is going on? Gee, I guess nothing is going on.
LOL
There they go again holding on to Pipe Dreams. I do wonder what is in their pipes. So, they drill a worthless hole, which brings no excitement, forces the investors to bail, and no one steps up to offer an investment or deal in the last 12 months. On top of that Ken never divulges the final results even though it is a material event to shareholders after a promise of transparency. Still the faithful tout it as NDA and a huge deal is in the works. Give me a break! I think they are just looking for bigger fools than they are and unless someone is braindead they are not buying the stories anymore. Thing is these cons are just doing this and trading back and forth and scamming those that buy into the greed.
I guess all will be answered eventually in the 10K and following fins. Maybe next week? Getting tired of that line.
anyone know the date on the remaining warrants? Could it be they are holding off to let them expire because they do not need the money and don't want the dilution? Maybe wishful thinking on my part, but doubt the warrant holder thrilled if they are holding out on them.
I guess my question might be were they expecting money from the warrants to fund dredging? If so, that could be a problem with funding. On the other hand we do not know how much gold they found and if it was sold to fund operations. We have no idea of what amount of cash they have since the Fins. are not current. That is why they are important. They give us an unbiased picture of where we are at. You can say anything you think people want to hear on the phone, but if a CEO signs off on documents he knows are lies he's subject to prison time. The longer the delay the more suspect it becomes since most CEO's prefer to do nothing then to face time in the pokey. Now let's get the Fins done and bury any speculation.
All that means is you are flipping it or bought a long time ago and sold on the pump and dump. There are many who lost millions in total on this scam that trusted their so called friends and the fraud Ken Stead.
Point is he worked for Cornerstone and that is the company that has done virtually nothing. Who cares about the other companies? Many are large and make tons of deals and you cannot trace the success but to one company that matters and that is Cornerstone. Ken is nothing but a fraud!
What utter nonsense. RR has nothing of interest. If it did then we would have been told the results of the second drilling. Also, we would have a deal to continue to drill. The news is 11 months past due. All we know is they have sub economic copper and a feww REES that do not amount to enough to continue any drilling or investment so don't try and make it like it is Olympic Dam, Voisey Bay or the Zambian copper belt. All those comparisons were just lies and hype to fuel greed and suck people into this POS and steal their money. Enough with all the lies!
I guess it is a double edge sword and you have to decide what is right. I guess if you mean they declare in SL they must pay taxes. Well, seems at some point you must so just get it out of the way. You cannot leave your shareholders out on a limb forever either and delay filing material information.
Leaving the board or sold yor stock. Seems many have given up. I hope Steve P. is watching becuase with no buyers I do not see how it is good for us or the company in the long run and wondering if they even give a rats ass.