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Seeing a little green here today. Would like to see it close at .002.
Judging from the content of the CEO's year-end report posted on the website, I would say that, not only is the Company legit, but that management is doing everything in its power to build Aquagold into a world class supplier of premium bottled spring water. Why this is not translating into a higher pps is hard to say, especially considering how many shares are held by insiders,
but I expect all longs to be nicely rewarded in due course of time.
Putting myself in the shoes of Domingo Silvas, I would be seriously thinking about moving my company off of the pinksheets
in the near future. I don't think the Company has ever announced that as part of their plan, but it must be high on their agenda.
What I like is that despite knowing the year-end report would not significantly affect AQUI's share price, CEO Silvas still put a great deal of time into preparing it. To have done so tells me
he must feel that to encourage shareholders as well as team members is a great responsibility of the CEO.
Apart from the chart, I like all that I see here. I'm just hoping that .0015 is the bottom.
I'm sure Aquagold execs are working on increasing their profit margin. In the early stages, start-up costs make it very difficult to turn a profit, but as they increase production, economies of scale kick in and the cost per unit decreases. Part of their cost cutting involves working out an arrangement to lower the cost of shipping, and they are studying the different possibilities as we speak.
Sales will be increasing over time, especially with free taste tasting at the LianHua super-stores and all other retail locations, including hotels, karaoke clubs and high class restaurants, where Aquagold spring water is sold. From the CEO's report, it sounds like they expect the sales operation to significantly kick in at the outset of 2010.
Anvil, in answer to your point about contracts, the current $197M contract is an updated version of the contract spoken of at the April 22, 2008 meeting in NYC. The shipment schedule is flexible and revolves around three things: the increase in demand for the product as the marketing and branding effort progresses, the logistics of delivering orders to a wide range of business establishments in different metropolitan areas throughout China, and the Company's ability to increase production to meet that demand.
To increase production to anticipated levels will require a huge stimulus package in the form of major capital funding.
CEO Domingo Silvas has a full dance card. He is working on obtaining financing, on developing new product lines, on arranging for a reliable shipping company to take their product to market, on all matters of compliance, both legal and accounting, on marketing strategies like the DEVNET agreement, on a contract with a bottling company to handle new products that are already on the drawing board, and the list goes on and on.
Personally, I wouldn't assume anything at this point. The LianHua stores are not ordinary grocery stores. They are more like Whole Foods, with a high class clientele. One reason why new orders were not announced was because Domingo was seriously ill for a period of three weeks after his last trip to China. Based on the information we have, I see nothing to indicate the product has not been well received or that it is over-priced. All of these issues were well studied before the shipping of the product was undertaken.
In New York we have an expression: "Give a brother a chance."
So far, since becoming CEO, D. Silvas has made tremendous headway in getting this company organized. The next phase of operations will be to increase sales through all of the venues they have spoken of, culminating with the 2010 World Expo in Shanghai. The groundwork has been solidly planted and very shortly we will begin to reap some spectacular returns on our investment. That's why I purchased another 500K shares today at .0015.
http://www.aquagoldinc.com/Archive_News/AG_CEO-STATEMENT_2009-1124.pdf
Excellent summary of this year's accomplishments. Looks like an arrangement for major financing is in the works. It takes time to lay the groundwork for a legitimate enterprise, especially one that spans the globe like Aquagold Int'l. If this financing can be secured, operations will expand that much more rapidly.
I'm still waiting to see pictures of Henry Kissinger drinking our product at the US-China Foundation event in NYC last month. Beginning in May, 2010, Aquagold will be promoted at the UN Pavillion at the World Expo in Shanghai. Now, that is a very big deal!
The product is on the shelves of the prestigious LianHua Supermarket stores in China, and the Company is in negotiations with a Canadian bottling plant to add new product lines to the existing 500ml bottle of Canadian spring water.
Don't worry. The share price will catch up with the Company's progressive development in due course. Thank your lucky stars
if you were able to pick up additional shares at .0015.
Again, please read the CEO's statement and progress report for 2009. Very clearly presented and down-to-earth.
http://www.aquagoldinc.com/Archive_News/AG_CEO-STATEMENT_2009-1124.pdf
What we have with Aurus is a huge credibility gap. If they were to announce, "We will be buying back 45M shares over the next year," who would believe them? The uncertainty of whether they were going to actually fulfill their pledge would continue month after month after month. That uncertainty would drive the pps down further and further.
On the other hand, if they were to announce, "We will be issuing a cash dividend to shareholders of record as of November 27 in the amount of $.001/share. The distribution will take place on December 15, 2009," the credibility gap would be filled.
Let's keep in mind that the idea of a cash divvy has come from the Company itself, after much consideration, and it is not even definite yet whether it will take place. From the business psychology point of view, if they are already headed in a direction to do something that will be of great benefit to shareholders, they should be encouraged to follow through. To say at this point, "Don't give us a cash dividend. Instead, you should take that money and buy back shares of the Company," would undermine our own credibility as business advisors.
Better to say, "The cash dividend is a great idea. It will restore the faith of the investment community in Aurus. We recommend that a cash dividend be distributed annually. Next, and in addition to the cash dividend, we would like to recommend a share buyback program whereby Aurus would purchase a percentage of its own shares at regular intervals. That policy would show the world that Company management wishes to increase shareholder value and has full faith that the enterprise will succeed in attaining its goals."
As the saying goes, don't change horses in mid-stream. If they are amenable to the idea of issuing a cash dividend because it makes sense to them, and if the funds are available, then they should go for it. That is a a stop-gap measure to stop the bleeding. Once that step is definitely agreed upon, we continue with the share buyback program: "Now, thinking long-term, please consider part two of our proposal."
7m shares traded already. What's up with that? Must mean a PR is about to hit the wires.
Nice find, Ultra. Domingo signing the deal with DevNet to have Aquagold displayed at the UN exhibit at the 2010 Shanghai World Expo.
That is not a bad idea. Not bad at all.
Let us say that the Company decides to buy back 10% of its shares,
or 45,000,000 shares at .01/share. That would come to $450,000.
What would be the effect on share price? I would venture to say it would raise the price of a share of AURC from .010 to .011, a 10% increase.
If that same amount of money, $450,000, were distributed as a cash dividend, or $.001 per share, how would that affect the share price? The increase in credibility would be so great that the share price would likely quadruple as soon as the money began to be distributed to shareholders.
If it were up to me, I would make use of both suggestions starting with the cash dividend followed by the share buyback program. They could buy back 5% of outstanding shares and then issue another cash dividend in a year's time. After the second dividend is declared, the pps would probably shoot up to around $.25. I don't think we could get anywhere near that figure without the cash dividend.
Without sounding too demanding, we should continue to remind Aurus management of how a cash dividend will affect their share price. Everything else will look like nothing more than window dressing.
I do appreciate the Company's efforts to get its act together, but to impress the average investor, a cash divvy is their ace in the hole. Audited financials for the 2009 calendar year also wouldn't hurt, but which accounting firm could do that work without being challenged? I wouldn't want to see another disaster like the one we saw with the TSINIGRI report. A cash divvy in our pocket will silence the detractors, permanently.
And even if they declare a cash divvy, peeps will still say it will never happen. If you own 100,000 shares and you get a $100 dividend, I think that would prove beyond any doubt that AURC is legit. Until that happens, we will probably continue to hover just above and just below .01. If and when the divvy is distributed, watch out, because we will see multiples overnight.
Help yourself to more shares. I'm fully loaded.
Looks like Aquagold had nearly $200,000 in sales in 2009 through 9/30/09. Half of that is in Accounts Receivable.
Fourth Quarter results will be phenomenal, and each quarter thereafter even more so.
Of course, I would not ask them such a stupid question. Do you think I can be manipulated by the stupidity regurgitated on this board? I do not doubt their integrity, so why would I jeopardize my relationship with them by asking them to state their personal income and justify use of their own discretionary funds?
If they were managing a charitable organization, that would be a different story.
In that case, by law their salaries would become a matter of public record. On the pinksheets, you take your lumps at your own risk. If you are risk averse, try a bond fund.
Do they have to issue a PR every time they ship a container? If some here still think Aquagold is not legit, no PR will convince them of the contrary.
Looking forward to see where we open Monday morning.
Okay. Forget I made the offer. I thought you would like to speak to one of the corporate officers. My mistake.
See PM.
Not at all, but yours will if you hold onto your shares and add to your position when this bottoms out. I was buying at .0005 nine months ago. Knowing where this is headed, I haven't sold any of those shares and that's the truth.
If it will make you feel better, I will inquire if anyone on the management team has purchased lately a new home, a fancy car, a yacht, a private jet or any other luxury items. I will report back whenever I hear back from them.
Maz -- You can count on it. Let's not forget our man Marco Hassoun was one of the guest speakers at the USCF function at Avery Fisher Hall last month. He's been received at the Great Hall of the People and is hosting the Aquagold Face of the Year competition. Aquagold was endorsed by a group of major business organizations in China, thanks to the teamwork of Marco Hassoun and York Tang. If you haven't done it yet, take a look at Marco's entry on the Aquagold blog under "China."
Get to know these guys and you'll be convinced they are winners. Stick around for the long haul and you will be too. Their contacts are real, their award for humanitarian service was real, the product is real and their Devnet connection is real.
Instead of listening to the bashers and bellyachers, consider this a golden opportunity to add to your position in AQUI. I still believe we will be around .04 - .05 by mid-February after the 4th Quarter results are posted. That would be a 100-fold increase in one year.
Beckins -- You're right. There is so much to report, but keep in mind these PR's take a lot of work and have to be written, edited, approved by third parties, approved by the legal team, and so on. How many people are employed by Aquagold who can put together a press release? Almost everyone is in China. The CEO has his hands full, and when he has the time, and when he feels it is appropriate, he will put the news on the wire.
Beckins, you are a sharp thinker. Why don't you get in touch with the management directly by phone or by email. I think they will appreciate your input. You've been a supporter for a long time. A personal relationship with someone from the Company will really lift your spirits and convince you of their integrity.
Two weeks ago, the company authorized an additional 250M shares and said it was for short term financing. Aquagold has always been short of cash. They have two contracts, and the first order on the first contract was for five containers, or 216,000 bottles. They must be feeling the heat to pay off whatever charges were incurred for that order.
Let's take a look at their current orders which are likely to be delivered soon. Because the first contract called for 100 containers to be shipped over the course of one year, the second order on that contract would have to be for at least another five containers, maybe more. They will also have to start shipping their product to fulfill the second contract starting with as many as ten containers, I would suspect. That's about fifteen containers total, or 648,000 500ml bottles.
Let's say that, roughly, Aquagold has to come up with
$.50 per bottle to pay production costs, shipping costs and delivery costs on 648,000 bottles. That comes to $328,000. How many shares would it have to sell into the market at .0025 to come up with that amount? The answer is about 131M shares.
I'm not saying this is an ideal scenario, or that it is exactly what has occurred, but it would have allowed Aquagold to fulfill its contractual obligations. From what I am hearing, they are making arrangements for long term financing. What I would expect to happen is for Aquagold to buy back those shares later on. If we have a shareholders meeting, I promise to make that suggestion personally if it has not been brought up and proposed by management prior to the meeting.
I think they will wait to see the results for the year before determining the amount to distribute to shareholders, but I think you are right if you are saying the date of record will be in 2009. That's why they are asking us to submit our personal information so they can check it against Transfer Online's shareholder register.
Looks like a big payday for Aurus longs is on the way.
Also mentioned in the President's Report is a plan to uplist to OTC:BB in 2010.
Looks like a cash dividend is in the works, to be distributed some time in 2010.
I'm real excited about this stock. This morning I called in my first buy order to TD Ameritrade. A little later I called my Scottrade broker and placed an order for 175,000 shares. I saw the trade go through on the website and then went out for an hour. When I came back and checked my Scottrade account, the purchase had been erased, as if it had never taken place.
I called Scottrade and they said the order was refused because
of a problem they were having with IDGI. I was livid because the person taking my order should have seen it would not be accepted. By the time I found out my order was cancelled, the pps had gone up another 10%. I gave them a piece of my mind at Scottrade and then quickly made the purchase by calling it in to TD Ameritrade.
I hope no one else has had this problem trying to buy shares of IDGI through Scottrade.
Would be nice to see this close at HOD, or at least above .003.
Instead of keeping yourself busy finding fault in the Company and the mods on this board, why don't you do some research of your own and bring some information to this board. It's easy to take potshots at others, but what positive contribution are you making in terms of due diligence?
Why don't you show us some of the facts you have uncovered by doing your own independent research? Why don't you contact the Company yourself?
What's keeping you from sending an email or making a phone call to get information that will help investors make a decision whether to buy, sell or hold?
Of course I'm assuming you would share that information with others.
And Slava Kouznetsov and Slava Makarov are the same person, and you can take that to the bank. Yeah, right.
I didn't realize I had received the letter to shareholders
by email until now. I was wondering why it had not been posted on the AI blog. Daniel Sauve told me, "there are a number of ways to inform shareholders." Nice to see the Company communicating so personally with shareholders when there is news that particularly concerns us.
Issuing 250M common shares and 16M preferred shares to finance the fulfillment over the next seven years of CAD$200M in contracts.
A very bold move. IMO
Hi Anvil -- Understandably, the Company has not
been very open about its shipping schedule. Nor has the
bottling company been sharing information about orders it has
filled. So it is very difficulty to keep up with their shipments.
The first order was for five containers, or 216,000 500ml bottles. A single container was sent first from Montreal direct to China, and that one cleared customs in Shanghai.
A press release confirmed about a month ago that Aquagold water has hit the shelves of stores in China, marking another significant milestone in the early history of this fledgling enterprise. Then at least one container was sent to Shanghai via Vancouver while others, I guess the remaining three, went from Montreal direct to Shanghai. I believe that is the story because they announced the initial order had been shipped in its entirety.
Aquagold announced it is seeking to negotiate with a major shipping company to handle the delivery of all of its containers to China and beyond.
As for Vancouver spring water, one company we know of has been bottling it for some time (I forget the name) and they supplied spring water to China during the Beijing Olympics, but that's as far as they got. Aquagold, on the other hand, is working with York Tang who has many connections in China and, through his influence, Aquagold has a foot in the door to the exclusion of other Canadian spring water suppliers.
There are two contracts that I know of with Chinese distributors. One is for 100 containers or 4.32 million 500ml bottles of pure Canadian spring water, to be delivered over the course of one year. The second contract was for $192M Canadian, or thereabouts, and I believe it was to cover deliveries over eight years. As far as I know, the first five containers were in fulfillment of the first contract.
From what we've heard, demand is huge. They added fifty people to their sales force and they are giving out free samples outside of major stores where Aquagold is sold.
The CEO, Domingo Silvas, recently returned from China and we are expecting to see his report on the Aquagold International blog. That will most likely be followed by a major press release.
Stay tuned for major updates. In the meantime, take a look at the CEO blog using that wordpress link in the I-box to get an idea of Domingo's vision for growing the Company.
One thing Daniel did say was that he could not understand why with all the good news they have been posting, the share
price has been going down. He must have had his eye on it at the time because he mentioned it was at .0025.
http://aquagoldinternational.wordpress.com/
It's in the I-Box.
Nice to see two new faces here: Danro and Sophie1. Welcome aboard the Aquagold freight train, final destination Shanghai.
How fortunate to be getting in at this level.
News should be out soon on the AI blog. I can feel it in my bones. Domingo Silvas wants to tell us all about his trip to China and about all of the Aquagold spring water that is being consumed by thirsty, health conscious Chinese people.
I spoke to Daniel Suave who is in charge of R&D, new product development, for Aquagold International. All I can say is he sounded very enthusiastic, and I took that as a good sign. He wouldn't share with me one bit of news, but he did suggest that news would first come out on the AI blog.
I spoke to Slava one week after he was originally hired by Aurus. I never he thought he was anyone other than
Slava the K (with the swingin' soiree).
I can understand your doubts. I think we all have doubts, but
let's take the "debtors," for example. The press release of 10/13/09 mentions that the Company is owed $1.02M by these "debtors." I guess that means accounts receivable, or possibly loans receivable or notes receivable. First of all, if they were uncollectible, the Company would not have mentioned them in a PR. Hopefully we will see these receivables on their balance sheet, and I would not expect them to be listed there as uncollectible. Secondly, they explained that by collecting what was owed by the "debtors" they were already able to pay off the TA and their tax bill in Russia. I would have to conclude that the remainder of the receivables are collectible.
Aurus has spoken of several other gold producing projects it is involved with besides Krong. They also mentioned they are owed $1.2M by "debtors." When they are able to put together a joint venture to develop Krong, and when it becomes profitable, they will surely be able to declare a cash dividend. The Company suggested the possibility of a cash dividend in a press release at the end of 2007, I believe, stating its income from the sale of gold would make it possible, but instead they distributed a stock dividend of 10%.
I am hoping to re-plant the seed of an idea based on that PR.
What kind of debut? You mean dancing with the stars, L'vov and Elena?
If you are not holding stock certificates, your brokerage firm
automatically provides information to the TA, so you do not have to worry about registering with the company.