is close to bankrupcy
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Thank you. That means we are not getting any info at least this week. May be next or later b/c our company experts and consultants have to go through the report and then they will, if deem necessary issue any update for share holders.
My question is then why Steve told Mart. that he was receiving report when he called him last week. Anyway your info seems like from horses mouth. No reason to doubt the content of the email. Thank u any way for sharing that.
This project does not demand too much. It is a small investment for such a bank and should not affect their deep pockets in any way. They should be able to throw couple of millions to get this thing on track. I mean he is a close confidante of lord Pety and why he does not share, the belief and confidence, Pety has in Escala. This blind eye attitude give rise to suspicion. May be I'm wrong. Some body should clarify the situation.
'Royalflush1' yes sir, you too. Can you please copy and paste that post of yours, for every ones knowledge and particularly for Mr. Trustunits.
'getthem1' sorry I was away from my computer. I'm fine. Thank u for asking. Trust me I do not know the answer to your question. On one hand the F/S shows they have 3M dollars while they are selling shares just days before audit report is out. The only thing one can conclude is that they are not upbeat about the contents of the report.
There is another angle to every thing that is happening here and that gives rise to suspicion that these guys including the Rothchilds etc are not there to develop mining projects rather this is only a camouflage for whatever else they are busy doing there. This question arises out of the way they play their game. We know this small company needs money to develop the project and is forced to dilute the SP down to the bottom in presence of a so called one of the biggest investor bank as team memebr. Don't forget this guy was involve in another big silver mine in the area along with George Soros. That mine was developed only to shut down. Is this all a part of something big game played down there and we are only sacrificial goats. Do not have the answer but finger prints do match. JMHO
May be u are looking exact wording of the Steve saying to some one about that. Some body else has said so but I trust more on Mart.'s assessment since he is frequently in touch with Steve.
Posted by Mart. Post #32042 in reply to Trustunit
It is my understanding the Biste report only confirms, more officially, what was already assumed to be there.
He said he was receiving the report as we spoke.
I'm not sure but think it was Mart.
I'm not sure but think it was Mart.
Waiting to see this fly, for a very long time. Let us hope wish come true soon.
Some body bought 20M at ask. At least some volume on buy has appeared.
Since ask is at 0.0002, most of the volume yesterday and today is sell volume. Today almost all of the 134M is sell volume. Why should any body sell when a big event like Biste report is likely to be released soon?
Read this for yourself about number 9.
http://www.msnbc.msn.com/id/32735942/
Thought it may interest some one here. Post from other about silver.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41271542
I have no reason to doubt Obama's intentions for green energy. Reason to post the news was to find out whether or not this guy Mr. Van Jones was having anything to do with Mr.Mack Marshal b/c he is considered as the real driving force behind all this Syndication Inc. If it is true then we have lost our advantage over other competing interests. I wish I'm wrong.
Well I will wait for your reply and good night.
I wish you are right. That will be a greatest day of my life. Anyway what price you are looking for in near future?
My friend 0.001 is 10 times of the 0.0001, the present SP. Some one who buys 1000,000 @ today's price he pays $100.00. When same person will sell same 1000,000 @ 0.001, he is going to get $1000.00. Whereas if the same person decides to sell his one million @ 0.0009, he will get $900.00 dollars. Thus SP of 0.001 is higher then 0.0001 and not less.
I hope this will solve your confusion.
If u mean that SP price will go up on the basis of Float, then there should have been some movement today since Float is stated as 1.7B shares. I mean with today's volume it should show some life. JMO
I meant 0.001cent. Yes that is correct. May be I'm wrong but it is what I think as of today.
At half a cent people will be multi millionaire. That is where I feel shaky. May be more realistic target should be around 0.001 cent until such time some big investor jump in. Then the question is whether or not a big investor will be interested in a stock with 26B OS and 35B AS? GLTU
you mean Biste report will generate interest here and it is not built in this SP as yet. I wish you are right and with that I am placing buy order to further average down my holding.
If u are right, the upward journey will not be a smooth one. Those with multi multi millions of shares will try to lock their profit and thus make it very slow. GLTA
Besides 35billion shares I have another concern that is whether or not Biste report will create any interest into it since reports are already out that Biste is only going to confirm the already known numbers. Does that mean that it is already built into this share price? If it is so then the only 2nd thing that can move this stock is the confirmed news of financing. In absence of that news I'm afraid we are stuck up at these levels for long.
It is not that they have no access to big banks or financiers b/c they have not yet even convinced Rothchild who is mentioned in F/S as adviser or so, sorry I do not know his exact designation. I'm sure he must be willing to help but he need some substantial evidence of mine able reserves. JMHO
"I have the tendency to always look on the bright side"
Unfortunately we all veterans have been doing the same mistake for so long and perhaps this is the same herd psychology that prevent us from following who shout loud "excuse me". And thus end up finding us in a deep hole.
Strange thing is that this type of stock always find investors who see the glass half full.
There is no question about Michael Biste's credibility. He is a professional Geologist. He has submitted his honest finding as per his emails and update on his website. It is about Lord Petty. Instead of report we might get a PR stating that our consultants and Board has decided to with hold the findings of the report until such time the conditions are suitable. That will create more sensations and may generate more enthusiastic pumpers with their own interpretation of PR as has been the case here during last 4 years.
I understand what u mean by him increasing AS not OS or float. Do you believe he is not going to add OS in a same way he did so far? He could have increase AS even after the report is out and SP has appreciated. Only thing possible in his mind is that since report does not look that great therefore he is going to sell share even a slightest of uptick in SP after it is out.
I know we all have stack in it and we have waited so long and are here to the end with no other option.
'diddi' sorry I do not agree with u. This dilution has has raised serious doubts about the Biste report. Since report is already with Petty and if there would have any hope Petty would have never issued additional shares. If there was any hope he would have waited the share price go up and then dilute and earn more from the same amount. For get that he is issuing these for equipment or etc. With this type of financing you can't start or run any mining project.
My conclusion is that we will never see Biste report in a same way we never had test results from Canadian lab and he never refer that again. I think he creates these issues to trap more buyer into this scam.
To me no CEO will make it muddy prior to announcement of any good news, that is in this case Biste report. IMO
Good point....hahahah.
Aug 26, 2009
Iraq Lowers Upfront Oil Fees
By HASSAN HAFIDH
ISTANBUL -- Iraq is seeking lower upfront payments in its second oil bidding round, hoping to recapture the interest of international energy companies that largely shunned the country's first attempt to open its oil fields to investment in June.
[Iraq oil minister photo] Reuters
Iraqi Oil Minister Hussein al-Shahristani at a roadshow for oil executives in Istanbul on Tuesday. Iraq has the world's third-largest oil reserves.
The country is now seeking signing bonuses of $1.2 billion in total for contracts to develop the 15 fields on offer, Iraqi oil officials and executives from companies involved in talks on the deals said. Iraq's attempt to auction off contracts for eight fields in June got hung up in large part on its demand for $2.6 billion in so-called soft loans that oil companies were supposed to pay when signing deals.
Iraqi officials met executives from 45 companies at a one-day roadshow in Istanbul on Tuesday to introduce them to the bidding process and acquaint them with the fields on offer, which are lumped into 10 groups and include the super-giant West Qurna phase 2, Majnoon and East Baghdad fields. Representatives from Royal Dutch Shell PLC, BP PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips and Lukoil Holdings were among those attending.
Iraq has the world's third-largest oil reserves, but despite almost six years of efforts and nearly $5 billion spent to improve the sector, production remains well below the three million barrels a day seen prior to the U.S.-led invasion in 2003.
[Taking Bids map]
While the country presents a rare opportunity for oil companies, tough terms of the first bid round heightened the risk for companies already coping with the international economic crisis and the country's security situation.
Of the eight oil and gas fields up for auction in June, only one, the giant Rumaila field in southern Iraq, was awarded -- to a consortium of BP and China National Petroleum Corp. The Iraqi cabinet expects to approve the Rumaila deal soon, Oil Minister Hussein al-Shahristani said Tuesday.
In addition to the lower up-front payments, Iraq this time will allow international oil companies to operate the fields. Terms of the first bidding round had stipulated that Iraqi oil officials would be involved in running the fields.
In a separate development, Iraq and Syria recalled their envoys after Baghdad demanded Damascus hand over two people it says masterminded bombings in the Iraqi capital last week that killed more than 100 people.
Write to Hassan Hafidh at hassan.hafidh@wsj.com http://online.wsj.com/article/SB125123023191158043.html
Sorry! it is an old news.
BAGHDAD / Aswat al-Iraq: An ambitious plan has been drawn up to raise Iraq’s oil production to six billion barrels per day (bpd) by a deadline of 2017, Iraqi Premier Nouri al-Maliki said on Monday from Turkey.
“Iraq will be able to provide Europe with around 15 million cubic meters of gas,” Maliki said in a speech to the Eastern European Gas conference in Ankara.
“Iraq needs European capitals and experts for the rebuilding process,” he said.
MH (P) / SS
http://en.aswataliraq.info/?p=116017
Any body can comments on the following statement from the latest filing. Is he still tries to scam the public? Sorry if this has been discussed before.
"(b) The company has made a significant investment in developing a trading platform in Asia, details will be disclosed as we get closer to commercial deployment. We expect to spend further resources on this project over the final six months of the fiscal year and into next year."
hogdog, I have issue with following part of the statement. We as investors must have a full access to this report.
"Executive Summary and appropriate sections of the full report will be posted for your review."
Also how long do u think he meant when he wrote.
"… this could take a while BUT I will keep you informed."
'johnfk' thax
'Schmedrickk' thank u for your reply and link. Pink filing shows very instructing info. like;
"World Asset Management, Inc. controls 44.8% of the Company’s outstanding capital stock and Michel G. Laporte, the President, Chief Executive Officer and a Director of the Company, controls 22.4% of the Company’s outstanding capital stock." That means around 67% of the OS are with two parties. Of course one of them is well known fund.
Very strange that there is no chart or historical price information available for Sunsi.
'patrick_slam' thank u for that info.
'johnfk' I'm confused about Ethanol and Bio diesel. Can u explain how they differ with each other?
'Schmedrickk' may I know what is SYNJ relationship with SSIE? Thax
You are welcome.
I'm planing to visit them next week and will post my finding here.