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right, and I was only asking about share selling b/c of the example that you brought up and it pegged my curiousity as to how AR companies insiders are expected to do so as it was brought up that Ward has been selling shares (which I debunked already as FALSE in a post a moment ago) but that if he had done so, what reporting would reflect that BESIDES quarterly reports, but I guess its all done in quarterly/annual reports. The one takeaway here is there could be significant delay as to when shareholders find out about sales with AR vs. SEC reporting, good to know. BUT I suppose a company could voluntarily disclose through OTC disclosure service if they so chose to be transparent in a more timely way.
For the benefit of all shareholders let me address each of these statements:
- "Lol, ward does not sell his shares, he has to keep them for control."
TRUE, good for him, he knows what he has I guess
- "He issues himself shares"
FALSE - there have been no issuances to himself since he created the company in 2017 6 years ago, he got all the shares he needed and was entitled to since everything in the company came from him from previous 4WardResources a private company that he owned and started. The 4 stands for his 4 sons by the way in case you were interested.
- "He issues toxic convertible notes for cash and they are converted for shares later. That is what is happening now, they converted them into share and are dumping."
This USED to be TRUE, in combination might I add with private placement. BUT now is FALSE as he hasnt done so in a couple years and there are no shares left to convert since before the company went to the expert market: From the latest Quarterly report:
https://www.otcmarkets.com/otcapi/company/financial-report/373820/content
- "The cash they get is used for G & A expense. Guess where that goes? Lol. $276,146 last year."
TRUE that's how the company keeps running like any other company in the world.
Feel free to "Like" the post if you found it helpful in addressing your questions
One Q I do have though, now that Mirage is Alternative Reporting, I am guessing that a Form 4 is no longer relevant to disclose insider selling, and so, I want to know under AR, how does an insider report, I assume through OTC Markets News and Disclosure Service, is there a format for that like there is for a Form 4? Is there a timeframe of 48 hours for reporting sales?
So you think he is selling shares huh, that's interesting, do you mean personally or on behalf of the company.
In the former case, show us the proof, if it's real, then such undisclosed selling is wrong and we'll be up in arms and you will get a huge badge
In the latter case, how else is the company going to move forward without money. Oh and by the way, private placement at a fixed price is a lot friendlier than toxic notes of which there are none.
Adolfo is posting this morning about elections in two of the Mexican states (one is the largest state outside Mexico City the other bordering with Texas) taking place today and a dissertation about freedoms etc.
https://www.facebook.com/AdolfoVoorduinFrappe
"On Sunday, June 4th in Mexico, the governments of the State of Mexico and Coahuila will be renewed. The attention is undoubtedly on the importance of this election for the electorate citizens, but also on the National Plan as they are the precursor to the 2024 process."
Doesnt seem necessarily related to our activities.
very cool I didnt know you could get the written transcription, I was trying to keep up reading the translation as it played each time. Yes I think you did mention that before but was looking for others to add anything, signing with the unions definitely sounds reasonable and maybe that was a significant hurdle. I was hoping someone might get a native speaker to listen in and get their interpretation since these automated translations always lose something, and I dont like to bug my Mexican work colleagues too much they must be like why is this guy so interested in Mexico.
The other part of this is trying to piece together the others in the gang of seven and each of their roles, which we have started to do here.
not sure anyone actually did the homework i offered up from this post. Go towards the end of the interview with Sergio, what is your takeaway of Sergio's and Adolpho's thoughts about Sergio's future, is he and will he be someone of impact?
well once again the revenues are flat and the expenses are not really significantly better. And we owe a lot of money to people who have lent us. No wonder our market cap is where its at. I just want to get out of this alive, my breakeven is around .0027 but I dont know if we will get there or not, not that I use break-even as a guide, I try not to, but its hard not to use it as a consideration
These people are a train wreck. they have what should be a good business and have ruined it from financial side along with leaving investors in the dark. Shame shame shame on them.
Folks might need premium ihub service next week to help us keep breakout board status. My understanding is that its a relative stat, so we just need to keep uping our game.
yes it appears to be true from what I can see in other internet searches, he has moved from NC to GA. Doesn't make him a bad accountant, people make mistakes and move on, no need to dwell on it
At this rate we'll be back to #1 on the Breakout boards. Ok everyone let's get a life, or can we not wait until Monday?
Actually to add to that, the reason he has full control (over 50% ownership of Mirage) is that he vowed never to be in a public company again where he didnt keep control in his family and not at the whim of a board of directors or otherwise.
Guys think of it this way. This fudiciary responsibility continually hangs over Michael’s head and probably inarguably it’s his weakest area.and is a huge drag. If yu think yu feel good how do you think he feels. Now he can focus on the business and that is his strength
The more I search around the more I find Adolfo and Sergio together. I wonder what the means for us. Supposedly the relationship leading to AMLO is a good one.
Also I have confirmed that the guy Jorge Olivares Suarez is the guy that someone found in Linked-In working for an oil services company up near the border.
Trash companies? SEVERANCE TRUCKING been around for 120 years, I am sure that they would like to hear you call them a trash company, real nice of you
Attorney letter posted for those that have been asking[/b
Attorney Letter with Respect to Current Information - all above
https://www.otcmarkets.com/otcapi/company/financial-report/373823/content
Mirage should now be able to become Pink Current in a few days after OTC Markets reviews the letter
WOW EARLY FOR ONCE THAT IS UTTERLY UNBELIEVABLE. MARK THIS DATE
ALL FILINGS NOW UP TO DATE
yea on quick glance I see they cleaned up that 10/2021 that had the wrong CEO signing, red font, missing data, and other anomalies.I had pointed out, I think a draft of that one had been submitted originally. Probably needed these updates for the lawyer to agree and sign off.
I keep trying to untangle the web of senores that Michael has gotten himself involved with in Mexico, its quite the eclectic group from what I can tell. I cant wait to meet some of these folks, it surely will be interesting. Lets get to our next step already!
absolute disaster. I dont get it, with half a billion in assets and a market cap of what, less than $20 million, I just dont believe this.
I am minimizing the letter importance, it has always been minimized for me. I care about news, real news. The letter and Pink Current, and next filing due, they will all come. News is what we need.
Can you explain how he made a quick 500K for himself, granted he hardly has two nickels to rub together, but how did he make 500K I would love to know, and if he did, then he wouldnt need to nickel and dime us for private placements, so if that turns out to be the case maybe he did find a way to make some money, but again, how?
In fact, there wasnt even enough shares sold total to make that much money, maybe barely if the person sold all the stock at 10 cents, not.
Sure, I expected it as have all of us, things dont happen on our timelines do they
I dont care so much about this attorney letter personally b/c it doesnt really affect me but I understand it gives an impression as well it affects others, but by now people have had more than enough time to open a Fidelity account and trade the living crap out of it, or do whatever they wanted.
Its coming check your mailbox tomorrow. Better to be early than late is what I say.
No it isnt the 10-K, its LABELED as the 10-K but its an amended and restated certificate of designation for the Series F preferred shares. What friggin dopes they can't even get the filing right.
Where are all of the buyers, my goodness if I am buying (disclaimer I bought more today at the lows) and probably have more shares than just about anyone, certainly there are others that need to claim their lottos as well besides those few that have posted. This is the time to buy, not at 9 cents. Buy ahead of the news. But then again, each has his/her strategy and I respect that.
if you look at the Ask that got marked on ALL TRADES so far today, there are none under 5 cents, so you are not guaranteed a fill unless you had a bid at the ask, which you did not and sometimes bids at lower amounts get filled. Sure we all have asked these questions over the years and there's never a full straight answer, but sometimes you do get some nice fills that you never expected.
Wow that is/was an amazing opportunity which I took advantage of and I hope others did as well. If people are going to sell, then sell some at 8 - 10 cents or ideally higher (which it hasnt reached yet), but selling at 5 cents AFTER it hit 10 cents (that's the key statement), I just dont get it.
The GOOD thing is that we no longer have the days of PowerUp doing the dirty deed and diluting, it's just plain old fashioned selling.
we need Pink Current to trade at Schwab, so we need the attorney letter to be filed.
Besides charging 6.95 a trade, they are also charging a fee on the sell side passed on from Finra, so if you sell 50K shares it will cost you 14 bucks. Clearly they are not interested in the penny market.
Meanwhile Fidelity is free as can be.
yeah lets get this thing done, period, we've waited forever.
Since FaceBook is now our official source of info, I tried going back to that time on "EL SINDICATO NACIONAL DE INFRAESTRUCTURA's page to see if there was anything interesting posted that we might have missed but have not found anything related to Mirage.
https://www.facebook.com/p/Sindicato-Nacional-de-Infraestructura-100063642803129/
But keep digging you never know.
come one man, I do NOT, I repeat, do NOT want to chase this down any farther. IF it does, i would continue to buy in 200K chunks I suppose, but enough is enough already.
Ive picked up 1.4 mill in the last few weeks from .0041 to .0035 today.
This is painful I have to admit.
I feel like they definitely have something which should have kept the price up higher, but remember with these pennies the leverage really kicks in at the lowest prices, which is where we are right now.
Hopefully the next quarterly report will reflect that, you may want to remind him to get that right.
"Sergio Ayala Salvio" that is. Imagine him in higher places.
very nice find, while the linked-in profile is basically virgin without any activity, note the experience and interest links pointing to https://sarreal.com.mx/ - a company specialized as a provider of various services in the oil and energy sector.
As well Reynosa is at the border not too far from Progresso, TX, where Mirage's Concho line will cross into Mexico and make their way to the Brasil Storage field area via the Progreso line (see below PRs from 2017)
I would not be shocked to see all sorts of dots get connected here, we could be completely wrong, but let's see if these players end up being involved.
===============================
I also want to say that PCS is not some fly by night company but an established company based out of Metarie, LA and Houston, TX. That has always given legitimacy to Mirage's projects in my mind. And last check I asked, they are still involved.
"SAN ANTONIO, TX / ACCESSWIRE / July 25, 2017 / MIRAGE ENERGY CORPORATION (OTC PINK: MRGE) announces, through its wholly owned subsidiary, WPF Transmission, Inc., the completion of the engineering designs for its 36-inch natural gas Concho Pipeline.
https://www.accesswire.com/468275/Mirage-Energy-Corporation-Announces-the-Completion-of-the-Engineering-Design-for-its-36-Inch-Concho-Pipeline
Project Consulting Services (PCS), Mirage's project management and engineering firm, has submitted the engineered designs and schematics for the company's 36-inch natural gas pipeline. Furthermore, through the work of Howland Engineering and Surveying, Mirage has identified the right-of-way and landowners for the path of its 36-inch natural gas pipeline running from Falfurrias, Texas to the Mexico border at Progreso, Texas. The Concho pipeline will connect to the company's International crossing at Progreso and continue on to the storage field in Mexico. This 36-inch pipeline will be bi-directional initially exporting gas from the United States into Mexico with the ability to later import natural gas from Mexico."
https://www.accesswire.com/468276/Mirage-Energy-Corporation-Announces-the-Completion-of-the-Engineering-Design-for-its-36-Inch-Progreso-Pipeline
SAN ANTONIO, TX / ACCESSWIRE / July 27, 2017 / MIRAGE ENERGY CORPORATION (OTC PINK: MRGE) announces, through its wholly owned subsidiary, WPF Mexico Pipelines, S. de R. L. de C. V., the completion of the engineering designs for its 36-inch natural gas Progreso Pipeline.
Project Consulting Services (PCS), Mirage's project management and engineering firm, has completed the engineered designs and schematics for the company's 36-inch natural gas pipeline in Mexico. The Progreso pipeline will connect to the company's International crossing at Progreso and continue South to the company's storage field in Mexico making several interconnects with off-takers along the way. This 36-inch pipeline will be bi-directional allowing gas to be injected into the storage field from the International crossing and also extracted from the storage and delivered to various customers in Mexico.
sorry I meant to say Adolfo and not Alfonso, somehow I got the wrong twist of the name Alfonso in my mind, must be a throwback to the fonz from Happy Days
thats certainly a possibility and also pay close attention to the relationship between him and Sergio going back years they're good buddies. Also listen to some of Sergio's interviews including this last one the other day (it's posted on Adolfo's site AGENCIA GLOBAL DE INFORMACIO´N and here's the youtube link
yes man you need to get to know our CEO.
He's been going down for years, and I always imagined him in a room with a bunch of foreigners, at the very most with his son or Ken Stevens. Well, this is proof that that is exactly what happens, one vs. many, and he carries his own. Same in the other direction when they visit him now that I think about it.
Go back to Alfonso's FB post on April 7th where they label themselves "The Club of the Seven", wow. And Sergio's wife involved with these deals, is that like Ivanka helping her father in the west wing.
And to think what the potential is, not bad considering Mirage couldnt even afford an official office anymore.
There's two guys signing documents, we're talking about the bald guy in the blue jacket on the very left hand side of the stickied post. The description you gave is the other guy Michael Ward the CEO of Mirage. Just want to make sure we're on the same page.