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Just getting ready to say the same thing. I believe that the MM’s are trying to shake weak hands because of the pending news next week. The lower they can drop it the more people they are hoping to get out so they can
(a) cover there short position before news or
(b) load up on shares before the news so they can make a killing or
(c) all of the above.
IMO we are setting good at this price. Good luck to all that is in.
Again everyone I think it's only a matter of time before this moves. Everyone wait for the news next week.
Picked up the .0125 at 430911...LOL
Thanks and definitely lowered my average. Now at .017 and I am very happy with that.
Anyone see an order go through on the L2’s that was for .0125 for 430911? That was me I banged the ask for you guys.
Not doing much for that kindof news.
Any big winners today guys?
Last time there was a big wall at .03 and we stopped just shy of it and this time I believe we will do the same, BUT there will possibly be a large rebound the next day if that is the case. Honestly though I think it just depends on the news. If they have finalized some of the JV's and have numbers to go with them...this could be huge.
I take it that it must be very hard to get an order filled right now? That is not good for me. Sometime next week is when I plan to try and get in and it may be too late.
I have to say that one does look good....are we expecting any news?
Myself I am in EQBM and after I get out of that one I am moving everything to SPZI....I just have a good feeling about that one. I think they will announce something huge this month.
JMHO
I think that we will see 3 cents on the sign of good news. This went to over 5 cents a couple weeks back for really no reason. Some of us here will probably sell a few at 3 cents and then sell more if it gets above 5 cents....but I don't believe that many of us that has been here a while will sell before 3 cents and most will not sell before 5 cents because we know the potential of this company. This will be well above 2 cents IMO in 6 weeks. This will run to 2 cents on almost nothing take a look at a few days ago when we got some news...went to almost 3 cents on that.
JMHO
This is my last post of the day.
Good luck tomorrow everyone. We should own a whole lot of the float on this one assuming the 60 million is restricted. I would say the half you stated is a good number maybe more.
The most I will get is around 750000 shares, but thats enough.
Nope...being patient
At this point guys it really doesn't matter. We have a lot of properties we just aren't doing anything with them yet. Several at Red Lake and one in Ecuador. But I have to say I can't iamgine they would JUST finance the operating costs...the investment is in the actually aquisition of the property. Why would the bank agree to finance only the labor? Put yourself in the banks shoes....they want some type of collateral and that would be the land with proven reserves right? I think they would want to finance a project from beginning to end kindof like a contruction loan on a house. This ensures that everything gets done...it also ensures that the bank knows what the company is purchasing. If they only finance the labor they really don't know the history of the property or how much they paid for it....also they would have a 2nd mortgage on the property which would cause the bank to be 2nd place in recovering their money if nothing was found. Guess who gets the property if nothing is found? The first mortgage on the property not the 2nd one that is financing the labor....think about how risky that is to the bank what will labor get you if something goes wrong? Would you finance only the labor?
I don't want to sound mean here I am just trying to put into perspective what you all are arguing about. Hope this helps.
JMHO
Actually I have done that too....LOL. It's fun.
Help me I'm short and good news is coming.
I can tell you that they aren’t letting cheapies go through right now, but they won’t take this to sub penny without a fight. I have an order in for 460,001 at .0115. So if you all see one go through at that it's me. I am being patient with this one.
Is everyone here that got in EQBM still holding? Looking at adding more today....I think it's only a matter of time. Any other opinions.
Has anyone got L2 breakdown? I am looking at adding but would like to see the L2. Thanks.
I am thinking the same thing but I am currently out of that one right now. Maybe its the OTCBB move that everyone has been waiting on.
Okay my wire is finally coming in later today. I am going to try and pick up a few more.
I won't purchase anything above .012. If I don't get the shares I don't but nothing above that.
If I do get it today it will be late because I still haven't cleared funds yet.
Morning All.
Hope that everyone has a good day today. Hopefully another green day today.
Wait until I can pick up measely 500,000 shares.
Yes and then I will tell them I am selling everything. Oh by the way I am out of posts for the day so good luck everyone.
They will go back down now that they know my funds haven't cleared yet. LOL
No I don't have the funds in the account yet, but it should be the end of this week though. I will let you know.
Only 2 more posts left today. If EQBM shapes up for me maybe I can afford to be a member. LOL
Thats right or maybe even to .0145 if they actually thought I was going to buy them. No kidding though I am getting an extra 5500 dollars worth this week...i'm just not telling them when. Look for a 500,000 share order or somewhere close to that to go through this week.
HEY! UBSS I have 5500 dollars and I want to buy a whole bunch of shares!
I'm telling you Mike I think they are reading the board and saying....oh no there on to us....lets bump the ask back to .0125. LOL
Look at the end of this scenario.....until the volume basically overpowers the MM's this will continue to happen.
http://www.investorshub.com/boards/read_msg.asp?message_id=11575231
Oh by the way I just sent Larry an email with several share structure questions and other things that I will update everyone with once he responds.
Yeah if volume dries up on pinks your dead in the water. NSS insues.
Somewhat agree, but I have an argument. Why would you dilute at low prices if you have financing that has been agreed on for all projects? No need to dilute if you have financing readily available, right? It just seems wierd the way UBSS is doing this I believe I agree with WTL. They are short and are holding the price down to cover and then load up before the run.
JMHO
AGreed.
HOpefully this news will eliminate the need to dilute the share structure anymore. They have financing available now.
So do think it is good news or just news to inform us of what's going on?
It's time for some green action everywhere today. Everyone know the feds are meeting next week and the interest rates are going to be going up again. Not a good thing! Hopefully we can see some green before then, but at this rate I predict the dow to drop below 10,000 by the 4th of July. Good luck everyone and I am still iking EQBM at these prices. I will have to check out FGFC too.
Imagine the scenario if you will.
You are setting on over 100 million dollars of controllable funds and invested in all types of OTC/Pink sheet stocks from 1000’s of smaller accounts that you control. At any given time you have 2 million in cash to play with. You don’t have to report shorting or trades with stocks that don’t even exist in the float. All you have to do is show a buy or sell. Even if you borrow money out of those smaller accounts it will never be noticed because everything will just end up being a wash because nothing has to be recorded. Now imagine you know 10 other people that have the exact same power and the same amount of money to play with. Imagine what you could do with the small accounts by using there money to buy and sell to the other people like you that control 1000’s of smaller accounts. What would you do? Would you take the price as low as possible by bouncing bid/ask off of those other large accounts to load up on shares and then manipulate the stock back up so you could dump the shares and make more money for yourself while using the small accounts money to trade? It would be a guaranteed profit with interest free loans from these smaller accounts.
You’re a Market Maker.
How would the smaller accounts know if they actually owned those shares or not unless they got a certificate to account for everything they own? Could those shares actually be being sold and bought back and forth between huge companies like different Market Makers without them even knowing it? How do the small accounts know that the trades they are seeing everyday that they believe to be buys and sells are not actually their shares that they own? The Market Makers could just be borrowing our shares temporarily to trade between one another in smaller volumes to make it look like dumping of shares, or dilution, or long position uncertainties. At which point the market could start taking care of itself, in other words longs start to sell, which in turn leads to Market Makers actually picking up those shares they borrowed at lower prices without ever telling anyone what happened.
The only way to stop this type of unlawful action is to raise the volume up so high the Market Makers have no choice but to let the trades flow freely like the investors want (or electronic trading which is unbiased). When that happens the spread closes up and the trades start to pick up, basically preventing the MM’s from playing their games.
Of course this is all a scenario and may not necessarily be the way it works, but I would say it is highly likely that this is one off many scandalous ways that MM’s make money. You only see this stuff happen on OTC’s not NASD, AMEX, NYSE, etc…
Please let me know your thoughts on my scenario. Thanks