Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What's happening is sorta obvious. Even though many of us believe we're investing in a real growth company, the stock is trading on the bb.
Pink sheet and bb investors don't understand investing. They trade.
What we're seeing is "sell on news."
Hi Chris, back in the days when they had a web site, every few days they'd post a picture or two to show us they'd finished soldering yet another connection.
Now we hear rumors that the programmers might be buying some stock.
OK... I'll bite. Has anybody seen the ship and is there a reasonable chance it might be preparing to sail somewhere... anywhere... in the near future?
The cost of his pr? What are you talking about?
Do you think he scanned it in?
Banana, since I'm not a lawyer I can't answer your question. But if they do pay the guarantee in June, I'll view it as a miracle.
That's exactly what they all mean!!
This thread contains just over 104,000 of them. Mostly, very strong ones.
Only 23 Boardmarks!!
And it looks like the stock is taking off.
Press Release Source: Geotec Inc.
Geotec, Inc. Files With SEC Its Master Development Agreement With TTI Technologies, Inc. for 10 Coal Sites
Wednesday April 9, 10:51 am ET
DELRAY BEACH, FL--(MARKET WIRE)--Apr 9, 2008 -- Geotec, Inc. (Other OTC:GETC.PK - News) confirmed today that it has filed with the Securities and Exchange Commission an 8K regarding a Master Development Agreement with TTI Technologies, Inc. Geotec, Inc. entered into a Master Development Agreement with TTI Technologies, Inc. of Omaha, Nebraska regarding further development of Geotec's proprietary enzyme/protein technology. The Parties contemplate that the Technology will be utilized in connection with bio-refinery units for the recovery of saleable coal or any other substance recovered from a designated site that creates revenue from the sale of gob, culm, lignite, or other lower grade or dirty coals or carbon fly ash and for the remediation of soils. Each Facility will be established to process 20 million tons of coal.
The Agreement is for a term of ten (10) years and contemplates two separate scenarios involving the construction and operation of Facilities. For a period of 12 months following the date of the Agreement, regarding projects identified and proposed by Geotec, TTI will advise and assist Geotec in the further development of the Process and in the procurement and construction of the initial equipment for a commercial scale Facility. Geotec has granted a right of first refusal to TTI or one of its affiliates (which may be exercised after the initial 12-month term of this Agreement) to render certain management, administrative, operational and support services in connection with the operation of each Facility controlled by Geotec.
Geotec has granted TTI the right to establish at one or more locations selected and acquired by TTI, up to ten (10) projects utilizing Geotec's proprietary Technology and the Process. Under this scenario, Geotec will be paid its production costs for the Technology plus one dollar ($1.00) per ton of saleable product generated from the Process. Additionally, Geotec will receive a portion of the Net Revenues derived from the TTI projects.
In addition to the generation of revenue, the Parties expect that the Process will generate tax credits under Section 45 of the Internal Revenue Code of 1986, as amended. TTI has substantial experience in connection with the monetization or operation of facilities producing in excess of 40 million tons of solid synthetic fuel (from coal) intended to generate tax credits under Section 29 (now Section 45K) of the Internal Revenue Code.
The Agreement references two related agreements, the forms of which are attached as exhibits to the Agreement. These related agreements include an operating agreement and a supply agreement regarding the operation of each Facility by TTI and/or one of its affiliates and the supplying of the Technology to each Facility by Geotec, respectively. The related agreements will be executed by the Parties upon commencement of each project utilizing a Facility and the Process.
Geotec, Inc. (Other OTC:GETC.PK - News) is a Green Energy Technology Company. Geotec has operations in the United States and Argentina and utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially higher value coal. The technologies are also used to purify hydrocarbons, such as coal or oil, of heavy metals and other contaminants such as sulfur, arsenic and mercury to prevent or correct pollution in the air, water or soils. In addition, hydrocarbon contaminated soils can be re-vegetated and re-forested.
Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations about new and existing products and services, technologies and opportunities, market growth, demand for new and existing products and services, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "intend" and similar expression identify forward-looking statements that can speak only as of the date hereof. This press release contains certain forward-looking statements regarding Geotec, its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Geotec's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. The Company assumes to obligation to notify of any changes, other than material events as required by the Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by Geotec in this new release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Geotec's business.
Contact:
Contact:
Geotec, Inc.
Bradley T. Ray
(561) 276-9960
info@geo-tec.net
http://www.geo-tec.net
Source: Geotec Inc.
OK Chris, so what's your guess for today?
I'll venture 1 million shares trade with a close of $0.18
23 Boardmarks!!
Chris, if you're right, by next week we may see hundreds.
Geotec is a story just waiting to be told.
6 million shares traded today... and it's not 2 o'clock.
Price is up almost 80%
Has our ship gone to sea?
There's something intriguing about this management team... the way they've continued operating and acquiring properties without diluting their shares.
I'm tempted to believe them and I do expect that they will come up with audited financials; get current with their filings and get relisted on the bb.
Maybe this is the one in a thousand that actually makes it.
We'll soon see.
The best news may actually be what we're seeing on the cameras.
I thought they were squeezing every last possible order into q1 by working evenings and weekends as we observed.
But I then thought there would be a slowdown for the first days or weeks of q2. Today's camera shots show that they've just kept up the pace.
Asia Properties Issues Statement Regarding Share Structure and Market Valuation of Common Shares
BELLINGHAM, Wash. and HONG KONG, Mar 31, 2008 (PrimeNewswire via COMTEX) --
Asia Properties, Inc. (Pink Sheets:ASPZ), today released a statement addressing
several investor inquiries regarding the current corporate share structure and
business outlook.
As of March 27, 2008, there were 39,220,112 shares outstanding giving the
company a market capitalization of $5.88 million based on the closing share
price multiplied by the number of outstanding shares. This equals less than ten
percent (10%) of the Company's real estate assets (not including valuing its
majority stake in MicroArt, Inc. (Pink Sheets:MCRT)), which management believes
is not reflective of the Company's business prospects.
With regards to the Company's operations and performance, the Company had sales
in 2007 exceeding $15 million with a net profit of approximately $2.5 million.
The Company's accounts are currently being audited and we hope to have them
completed soon.
Daniel McKinney, President of API, noted, "Our 2007 profits give us earnings per
share of $0.063 and a PE of 2.51. Asia Properties reaffirms its commitment to
its shareholders that the Company is well positioned for long-term success with
the prospects of the Asian real estate markets."
About Asia Properties, Inc.: Asia Properties, Inc. was established to develop
resorts and prime real estate in Southeast Asia. Asia Properties currently
operates as the only listed U.S. public company focusing on S.E. Asian real
estate investments. API is a Nevada corporation and trades on the Pink Sheets
under the symbol "ASPZ." There are currently 39,220,112 fully diluted shares
consisting of 16,672,740 free trading and 22,462,376 restricted. The transfer
agent is Computershare, Inc. of Golden, Colorado.
For up to date corporate information about Asia Properties, Inc. contact Daniel
McKinney, email: dmckinney@asiaprop.com or (http://www.asiaprop.com) For
Investor Relations, call Dennis Burns, Tel 567-237-4132, email:
denny@nvestrain.com, www.nvestrain.com
Statements, which are not historical facts, are forward-looking statements. The
Company, through its management makes forward-looking public statements
concerning its expected future operations, performance and other developments.
Such forward-looking statements are necessary estimates reflecting the Company's
best judgment based upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors will not affect
the accuracy of such forward-looking statements. It is impossible to identify
all such factors, factors which could cause actual results to differ materially
from those estimated by the Company. They include, but are not limited to,
government regulation, managing and maintaining growth, the effect of adverse
publicity, litigation, competition and other factors which may be identified
from time to time in the Company's public announcements
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Asia Properties, Inc.
Aladdin Beverage's Patagonia Blond Ale to Compete in 2008 World Beer Cup(R) Competition
BROOKLYN, NY, Mar 24, 2008 (MARKET WIRE via COMTEX) -- Aladdin Beverage
(PINKSHEETS: ADTJ) is pleased to announce that the Company has entered the
Patagonia Blond Ale in the World Beer Cup 2008, the most prestigious beer
competition in the world. The Blond Ale is brewed by one of its suppliers, the
Patagonia Brewery, in Argentina. The event will be held at the Craft Brewers
Conference in San Diego, California, from April 15 - 19. Approximately 2,400
entries from 500 breweries in 60 nations are expected to take part.
The World Beer Cup is held every two years and features famous brews from around
the globe. A highly qualified professional panel of more than 100 judges will
honor the top three beers in more than 70 categories with gold, silver, and
bronze awards. The event promotes international brewing excellence, and winners
benefit from exposure to a worldwide audience through countless media
publications and communications.
Aladdin Beverage will represent Patagonia Brewery at the World Beer Cup, which
will be the first competition for the new blond ale. Winners will be announced
at the World Beer Cup Gala Awards Dinner in San Diego on April 19.
"This is the Olympics of beer competitions and it is a true, objective judging
of top quality beers. The Patagonia Blond Ale has a remarkably distinct flavor
and will make a name for itself in years to come. The added exposure from the
World Beer Cup will aid our efforts to put the Patagonia Blond Ale in stores
across the United States," stated Ted O'Conner, CEO and President of Aladdin
Beverage.
Established in 1884, the Patagonia Brewery is the oldest in Argentina, and its
beers are brewed in strict accordance with an old law dictated by Bavarian Duke
William IV, which stated that beer is to be brewed only with pure malted barley,
hops, yeast, and water.
For more information about the World Beer Cup 2008, please go to the following
link: www.beertown.org/events/wbc/.
About Aladdin Trading & Co. (DBA: Aladdin Beverage):
Headquartered in New York City, Aladdin Trading & Company is a leading fine
craft beer and ale importer serving the North American markets. Aladdin's goal
is to be known as the top beer importer to North America, with only quality and
forward-thinking brands in its portfolio. Its mission is to generate sustained
growth for all the brands in its portfolio and generate maximum return on
investments.
Forward-looking statements in this report are made pursuant to the 'safe harbor'
provisions of the Private Securities Litigation Reform Act of 1995. We wish to
advise readers that actual results may differ substantially from such
forward-looking statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those
expressed in or implied by the statements, including, but not limited to, the
following: our ability to meet our cash and working capital needs, our ability
to successfully market our product, and other risks detailed in our periodic
report filings with the Securities and Exchange Commission.
Contact:
For more information, visit:
www.aladdinbeverage.com
or
Investor Relations
(866) THE APPL(E)
SOURCE: Aladdin Beverage
CONTACT: http://www.aladdinbeverage.com
Dean, when the timing is right, here's an idea for product visibility you may not have considered.
http://www.inc.com/magazine/20080301/prime-time-exposure.html
What are you talking about? Here's what I find on the company website.
http://www.aladdinbeverage.com/share.html
Share structure as of 1/8/2008
A/S 500,000,000
O/S 259,396,091
Float 186,581,140
Restricted 72,814,951
I don't understand what's in the ibox!!
One Last Chance!!
Form 8-K for ADMIRALTY HOLDING CO
14-Mar-2008
Entry into a Material Definitive Agreement, Creation of a Direct Financial O
Item 1.01 Entry into a Material Definitive Agreement
Securities Purchase Agreements (February 25, 2008 and October 16, 2007
On February 25, 2008 and October 16, 2007, Securities Purchase Agreements (collectively, the "Purchase Agreement") were entered into by and among the Company, and AJW Partners, LLC, AJW Master Fund, Ltd., and New Millennium Capital Partners II, LLC (collectively, the "Buyers") as part of a single plan of financing for the Company. Under the terms of the Purchase Agreement, the Buyers purchased from the Company (i) three year 8% callable secured convertible notes (the "Convertible Notes"), in the aggregate principal amount of $915,000, convertible into shares of our common stock, and (ii) seven year warrants to purchase an aggregate of 20,000,000 shares of our common stock, with an exercise price of $0.002 per share (the "Warrants"). The aggregate purchase price (funding proceeds) was received by the Company in two tranches, the first for $450,000 being received on or about October 30, 2007 and the second for $465,000 being received on or about March 6, 2008.
Convertible Notes
Interest is payable on the Convertible Notes at the rate of 8% per annum and is payable quarterly in cash. However, the interest rate resets to 0% for any month in which the stock price is greater than $0.05, for each trading date during that month.
The full principal amount of the Convertible Notes, plus any accrued and unpaid interest, plus any default interest, plus certain penalties, if owed, under the Convertible Notes or the ancillary Registration Rights Agreement (the "Conversion Amount") is convertible into our common stock at any time, at the Buyer's option, at a conversion price equal to the lesser of:
. 25% multiplied by the average of the lowest three intraday trading prices during the twenty trading days ending one trading day prior to the date that the conversion notice is sent to the company, and
. $0.15 (the fixed conversion price).
The conversion price is subject to adjustment for any merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event, and the fixed conversion price is subject to adjustment in connection with any sale or deemed sale of our common stock for less than the fixed conversion price.
In the event that we issue shares of our common stock as a result of conversions of the Convertible Notes equal to 19.99% of our total shares outstanding (subject to adjustment for stock splits, stock dividends, combinations, capital reorganizations and similar events), and if we fail to eliminate any prohibitions under applicable law or the rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization with jurisdiction over us or any of our securities on our ability to issue shares of common stock in excess of 19.99% of our common stock outstanding, then in lieu of any further right to convert the Convertible Notes, and in full satisfaction of our obligations under the Convertible Notes, we shall pay to the Buyers, within fifteen (15) business days of day that we issue such shares, an amount equal to 130% times the sum of (a) the then outstanding principal amount of the Convertible Notes immediately following such date, plus (b) accrued and unpaid interest on the unpaid principal amount of the Convertible Notes to the date of payment, plus (c) default interest, if any, on the amounts referred to in clause (a) and/or (b) above, plus (d) any optional amounts that may be added thereto at such date by the Buyers in accordance with the terms of the Convertible Notes. In the event that the sum of (x) the aggregate number of shares of our common stock issued upon conversion of the Convertible Notes plus (y) the aggregate number of shares of Common Stock that remain issuable upon conversion of Convertible Notes, represents at least 19.99% of the total outstanding shares of common stock, we will use our best efforts to seek and obtain shareholder approval (or obtain such other relief as will allow conversions hereunder in excess of 19.99%) as soon as practicable thereafter and before the Convertible Notes are converted into 19.99% of our outstanding shares of common stock.
Upon a default under the Convertible Notes, we are required to pay the Buyers an amount equal to the greater of (i) 130% times the sum of (w) the then outstanding principal amount of the Convertible Notes plus (x) accrued and unpaid interest on the unpaid principal amount of the Convertible Notes to the date of payment plus (y) default interest, if any, on the amounts referred to in clauses (w) and/or (x) plus (z) certain penalties, if any, owed to the Buyers pursuant to Convertible Notes or the May 30 Registration Rights Agreement (the "Default Sum"), or (ii) that amount equal to (a) the highest number of shares of our common stock issuable upon conversion of or otherwise pursuant to the Default Sum, treating the trading day immediately preceding the payment date as the conversion date for purposes of determining the lowest applicable conversion price, unless the default arises as a result of a breach in respect of a specific conversion date in which case such conversion date shall be the conversion date, multiplied by (b) the highest closing price for our common stock during the period beginning on the date of first occurrence of the default and ending one day prior to the payment date.
We have a call option under the terms of the Convertible Notes. The call option provides us with the right to prepay all of the outstanding Convertible Notes at any time, provided that (i) we have not suffered an event of default or failed to eliminate any prohibitions against issuing more that 19.99% of our common stock under the Convertible Notes, (ii) we have sufficient common stock reserved for issuance upon full conversion of the Convertible Notes, and (iii) our stock is trading at or below $0.15 per share. Prepayment of the notes is to be made in cash equal to either (i) 125% of the conversion amount for prepayments occurring within 30 days following the issue date of the Convertible Notes; (ii) 135% of the conversion amount for prepayments occurring between 31 and 60 days following the issue date of the Convertible Notes; and (iii) 150% of the conversion for prepayments occurring after the 60th day following the issue date of the Convertible Notes.
Our right to repay the Convertible Notes is exercisable on not less than ten trading days' prior written notice to the Buyers. Notwithstanding the notice of prepayment, the Buyers have the right at all times to convert all or any portion of the Convertible Notes prior to payment of the prepayment amount.
We also have a partial call option under the terms of the Convertible Notes in any month in which the current price of our common stock is below $0.15 for each day during such month. Under the terms of the partial call option, we have the . . .
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The sale of the Convertible Notes described in Item 1.01 were completed on March 6, 2008 , when the funding (purchase proceeds) was actually received by the Company.. The Convertible Notes represent a debt obligation arising other than in the ordinary course of business which constitute a direct financial obligation of the Company.
Item 3.02 Unregistered Sales of Equity Securities
The Convertible Notes and the Warrants described in Item 1.01 were offered and sold to the Buyers in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506 promulgated thereunder. Each of the Buyers is an accredited investor as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Document
10.1 Securities Purchase Agreement by and among the Company, and AJW Partners,
LLC, AJW Master Fund, Ltd., and New Millennium Capital Partners II, LLC.
10.2 Form of Callable Secured Convertible Note
10.3 Form of Stock Purchase Warrant.
10.4 Security Agreement by and among the Company, AJW Partners, LLC, AJW
Master Fund, Ltd., and New Millennium Capital Partners II, LLC
10.5 Intellectual Property Security Agreement by and among the Company, AJW
Partners,LLC, AJW Master Fund, Ltd., and New Millennium Capital Partners
II LLC
10.6 Registration Rights Agreement by and among the Company, AJW Partners,
LLC, AJW Master Fund, Ltd., and New Millennium Capital Partners II, LLC
10.7 Subsidiary Guaranty by and among the Company, Admiralty Corporation,
Admiralty Marine Operations, Ltd., AJW Partners, LLC, AJW Master Fund,
Ltd., and New Millennium Capital Partners II
Toothfairy, praytell... where did you find this post about Amelot holdings?
Asia Properties Signs Agency Agreement With AutoCart AutoCart Patented 'Breakthrough' Retailing Technology is Classified the #1 Retail Concept in the World and 'Best in Its Class' According to 'Jan. 08 issue of the Oxford Report - Oxford University
BELLINGHAM, Wash. and HONG KONG, Mar 13, 2008 (PrimeNewswire via COMTEX) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that it has signed an agency agreement to represent AutoCart(r) Licensing, LLC, for the China and Philippines markets. Daniel McKinney, API's CEO, said, "We are thrilled to be a part of this revolutionary retail phenomenon. API's extensive involvement in Asian real estate and our existing real estate contacts, puts us in a prime position to launch AutoCart in China and Philippines."
AutoCart, LLC, is a corporation with its headquarters based in Las Cruces, New Mexico, USA. AutoCart holds the exclusive worldwide family of core patents for the automated delivery of goods and services from six retail categories. New high-speed order/delivery technology allows customers to order onsite/preorder online offsite, all types of goods and services items, which automatically are delivered in minutes directly to the customer's automobile. AutoCart is a technology and software company that seeks to license its patented process to the retail industry worldwide and soon will be one of the global leaders in the retail industry.
For up to date corporate information about AutoCart, LLC (AutoCart Logistics, LLC and AutoCart Licensing, LLC) contact Al Jervinsky, email: ajervinsky@auto-cart.com or (www.autocart.biz) For International Investor Relations, call Jeff Sutton, Executive Business Director, Tel: (USA) 575-312-0773 email: autocartj@gmail.com.
AutoCart will revolutionize more than 6 categories of retailing. Its divisions include:
-- AutoTram - Conveyance Centers - automated gas island order/delivery.
-- AutoCart SuperCenters - Multiple products and services consolidated in one stop shopping from a customer's vehicle.
-- AutoCart Warehouse Club - Automatic delivery of bulk good directly to a customer's vehicle.
-- AutoChef - 4-6 restaurants all sharing a common high-speed automated drive-thru.
-- AutoCart ExPress - Automated consolidated Box Store drive-thrus.
-- AutoCart Virtual Mall - Allows Malls to have an online ordering virtual presence in order to compete with the growth of Internet sales. In addition, retail customers will discover the convenience of hands free shopping within the mall. Customers simply request to have purchased products transported to a drive-thru consolidation area. Customers now simply pick up packages at the drive-thru mall extension as they leave the mall parking lot.
API may eventually license all of AutoCart's classifications but will initially concentrate on the AutoCart Virtual Mall. API's CEO, Mr. McKinney explained that the API already knows the biggest mall operators through our real estate work in Asia and we will be setting up an API subsidiary to represent this opportunity. API will derive income through licensing agreements with the various mall and retail operators using the patented delivery technology.
About Asia Properties, Inc:
Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments in Thailand, China and the Philippines, where investors can invest in Asian real estate and hold the investment in the form of a security trading on a U.S. securities market. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,115,112 fully diluted shares consisting of 16,757,736 free trading and 22,357,376 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney, email: dmckinney@asiaprop.com or (http://www.asiaprop.com) For Investor Relations, call Dennis Burns. Tel 567-237-4132 email: denny@nvestrain.com www.nvestrain.com
The Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Asia Properties, Inc.
By Staff CONTACT: Asia Properties, Inc. Daniel McKinney (360) 392-2841 dmckinney@asiaprop.com http://www.asiaprop.com
Investor Relations Dennis Burns. 567-237-4132 denny@nvestrain.com www.nvestrain.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
INDUSTRY KEYWORD: Real Estate SUBJECT CODE: SOFTWARE RETAIL Company Announcement
It's my understanding that they are restricted... as well as all the other shares owned by the management/insiders.
The real story??
All it tells me is that the company is still 90% owned by Bradley Ray, Rick Lueck, Bob Richardson and a select few wealthy insiders.
They seem willing to tell us that they have industry-changing technology... but we don't know where they are in their business arrangements to employ this technology.
Maybe this year we'll find out.
And maybe we won't.
The only date we can count on is 23 months from now when their (restricted) shares become free trading.
Out where I live, the main product isn't coal... it's mushrooms.
They're grown by keeping them in very humid, dark places and planting them in lotsa manure... that's refreshed constantly.
It all sounds sorta like management treats us.
We're in the dark; the sky (i.e. stock price) has fallen; and every week or two they feed Chris a shovelful of manure to spread around and keep us happy.
ksbigger, praytell where did you find this pronouncement by Mike Terrell? I cannot find it on any of the 5 sites that I think may represent some part(s) of panamersa.
Sterling Mining Celebrates TSX Opening and Updates Current Status
WALLACE, IDAHO, Mar 04, 2008 (MARKET WIRE via COMTEX) -- Sterling Mining Company (TSX: SMQ)(OTCBB: SRLM)(FRANKFURT: SMX) was profiled on February 27, 2008 at the Toronto Stock Exchange to celebrate its listing where Ray De Motte and company representatives opened the market in Toronto. The ceremony coincides with the Prospectors and Developers Association of Canada's Annual Convention (PDAC) at which Sterling is an exhibitor (booth 3141) and where over 18,000 delegates are expected to attend.
To view a photo of the bell ringing, please visit the following link: http://media3.marketwire.com/docs/smq0304.pdf
As part of the listing ceremony, Sterling was featured in an interview with the Canadian news channel CP24, followed by a reception at the TSX with invited guests and members of the Toronto brokerage community. Ray De Motte was also interviewed by BNN on Monday, March 3, 2008. Pictures from the listing ceremony are available at www.sterlingmining.com.
After the successful achievement of its goal to resume production in December 2007, Sterling has set 2008 to be a pivotal year as the Company expects to become an important primary silver producer. With the re-start of the Sunshine mine accomplished, Sterling is expecting to process over 120,000 tons of silver ore in 2008. Sterling's 2007 NI 43-101 technical report forecasts 2.8 million ounces of silver production in 2008.
The Company will report on production milestones as the year progresses along with quarterly operating results.
In 2008, focus at the Sunshine Mine will remain on steadily increasing production from the 2700 and 3100 levels. The Company's mine plan incorporates continuing development of these levels to be followed by rehabilitation and development from the 3700 level to achieve production targets of 250,000 tons per year to maximize mill throughput.
Sterling Mining will continue an aggressive multi-year exploration program targeting both the upper country and lower areas to expand the mine's potential, including under-explored areas of the mine at deeper levels.
Sterling Mining Company now controls over 60,000 acres of silver prospects in Idaho, Montana and Mexico offering additional exploration potential.
Ray De Motte commented: "The Sterling Mining team is focused on aggressively developing the mines' resources and maximizing the value of this operation for our shareholder's benefit. Our production and growth initiatives now underway come at a time of strong silver prices, which are forecasted to remain strong throughout 2008".
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ"; on the OTCBB under the symbol "SRLM"; and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
To receive Sterling news via email, please email sarah@chfir.com and specify "SMQ news" in the subject line.
Mr. Derek Rance P.Eng, of Behre Dolbear & Company, Inc., qualified person under NI 43-101, supervised the preparation of the technical information contained in this press release. Mr. Rance is independent of the Company. For complete and additional information regarding the technical aspects discussed in this press release, including disclosure with respect to assumptions and parameters regarding the future production estimates discussed herein, the reader is referred to Sterling's technical report with respect to the Sunshine Mine, available at www.sedar.com.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings.
Contacts:
Sterling Mining Company
Raymond De Motte
President
(208) 699-6097
Sterling Mining Company Monique Hayes Marketing/Communications (208) 699-6097 Website: www.SterlingMining.com
CHF Investor Relations Alison Tullis Account Manager (416) 868-1079 x233 Email: alison@chfir.com Website: www.chfir.com
SOURCE: Sterling Mining Company
CONTACT: http://www.SterlingMining.com mailto:alison@chfir.com http://www.chfir.com
Copyright 2008 Market Wire, All rights reserved.
SUBJECT CODE: Manufacturing and Production:Mining and Metals
So, they lost money in 2006 while diluting the sharecount modestly.
They claim they made money in 2007. That's what I'd like to see... but the numbers aren't available yet.
Big day today... up 25% on 2 1/2 million shares... so far. Another hour to go.
Chris, do you hear anything that might explain this?
Alexindef, great job.
Picture #1 is the first evidence I've seen that they are actually shipping product.
Do they still maintain this warehouse or did the warehouse move when the main office moved?
Alexindef, are these pictures in Canada or the USA?
Any information to say whether Aladdin is involved?
Sheff, thanks for the invite to check out this board. Looks very interesting.
Although most of my portfolio consists of fairly conservative larger cap stocks, a few of these little guys keeps life interesting.
Right now, I have a position in ADTJ. Just holding and waiting 'till they swing into business this quarter and next.
My only other play that fits your agenda is GETC. Here's a company (90% insider-owned) that may be unique in having a technology to inexpensively clean hydrocarbons (coal and oil) in a manner that meets the new federal standards that kicked in 1/1/08.
Last year was spent proving large-scale production capability and getting independent certification that the new federal standards are met. Both points can be seen on their site http://www.geo-tec.net/
They were a bb company but are now pink-sheeted until their filings are brought up to date. I expect this in the very near future.
I also expect to learn that they have major contracts both to clean huge stockpiles of coal and to sell the finished product.
Management claims there is a large short position in their stock and has previously announced that they will exercise a buyback. This may have already begun.
Good Point(s)
Have you looked at the trades over the past few weeks to see if the majority of them comply with these rules?
More likely, it's the buyback that the company 8k'd many moons ago. But why would that just stop now?
Investors have long had their time to buy at prices even lower than today's.
And I can't imagine any new investors buying the volumes of shares we've seen traded lately. Not without convincing input from the company.
Honestly, the stranger question might be why we've had volumes of almost 100,000 shares a day for all these recent weeks.
The company has made no announcements, remains significantly behind in its filings and has done nothing to instill any new buyers or any new interest from the long term stalwarts.
Today's relative inactivity seems more like what we should expect to see.
1% sounds like the correct interpretation.
Let's see if the reorganization goes through (likely, given the recent filings)
AND if Northstar turns out to be worth more than $25 mil (No idea!!)
To me it's worth a small gamble.
Uranium, thank you.
It costs significant $$$ to get one's filings current. So I daresay the odds of this happening are very attractive.
Uranium, I see that they've caught up on their filings and I like the share structure, but where did you find the reverse with Northstar?
At $0.01 a share the public valuation of this company is $2.85 million.
Very conservative for a beer importer with even a single brand and any kind of distribution network.
$0.0026 a share values it at less than a $million.
Pretty funny, isn't it?
A large seller wanting out?
How about a large buyer wanting many, many shares... with a huge shorter under pressure to cap the price any way he can?
Looks like a game of russian roulette being played out right before our eyes.
Where, praytell, are all these shares coming from?
Just checked your profile.
When does this gem go on your favorites list?