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I seriously doubt a rice bag weighs anymore than 50-80 lbs. Think about it how would you transport anything 500 lbs. I'd like to see the guys trying to hand it off!
LOL
I wonder why BVIG shows up as BVIG.ob and BVIG.pk with different prices on Yahoo. Any idea?
Now news like that would spike this baby. That's what I'm hoping for!
I think the pricing is a concession to the high risk and just maybe this locks in future cash since they know the warrants will be cashed out. The problem for us is we have to hope they have production enough to offset the increased dilution before then. I believe if they cash out early there is a reduction so the sooner we produce the better IMHO.
Possibly since there are too many games it seems with pinkies, but the rewards can also be great. It is just hard when you travel in a mind field to trust the guy with a bottle of half empty Jack directing you.
Yes, but until they actually produce revenue as proof they are for real and just not selling paper we are trusting these people we really know little about half way around the world. I think many have been burned buying stocks with great stories that never produce anything expect misery for shareholders and wealth for very good con men, financiers and savvy traders. Not saying this is one, but IMHO you have to be more wary of any pink stock.
Maybe if they spend 3 million to promote like L-xg did they will hit $10 a share on Ree news? I mean we supposedly at least have stockpiled product unlike that other co.
Interesting- They are obliged to create revenue? Well, there are two ways many create money. One to to produce a product and sell it and the other is to market shares of worthless paper. Until SNEY actually produces a product that people are willing to pay for all it has done is sold worthless paper like most other pink stocks. Since I bought some over .02 I'm hoping they soon prove they are not just another stinky pinky and we do not have to wait too long.
Gee where does it say they will issue our shares they owe us? Looks more and more like we were lied to so that they could pump up KATX's price and the promoters and financier could cash out for a hefty profit while we were buying shares of KATX to get the BVIG shares. What a scam. THe CEO running a pump and dump operation. I hope the SEC throws the book at Ken and he sees nothing but walls for 20 years!
Looking juts pinkie to me being walked back down the ladder, Gee, I'm so glad I bought this last week. Please note the sarcasm!
NO Advanced, Nitrox. Yes, looks pretty bleak.
Steve
Now that with be perfect with a Double Rainbow
Yes, and it disappeared just as quick. Did it get filled or was it bogus by MM to get the bid up? You now those MM's like to manipulate things as mush as they can since they see all the sides of the trade.
Looks like it is holding pretty good. If we get some updated financials we could be back in the low to mid .23 + area and if we get some production news who knows where we go. I guess it depends how much gold, diamonds and REEs they are digging up. I'm looking more at purely the gold with the others as a bonus at this point. I do know it has to be cheaper mining this way than the traditioanl metods. I wish my bid had been hit as I'd be back in the black. Oh well, carry on and have a good weekend everyone with your families!
Already tailing off. Looks like a bunch of flks got back in along with some flippers. Let's see if it holds after they leave. Now that would be a good sign.
Bad timing on my part. Had a buy in to average down at .0125, but never got hit. Now will wait unless it comes back down. Hoping news gets us to .10-.20 like you said earlier. I hate getting blindsided by dilution!
Over 3 months old news and what has happened? NOTHING! Closing in on a year and we still do not have our shares. KATG has no money to continue drilling at this point is DOA. So whta's the good news? Still waiting for the supposed free shares that cost me 90K in losses. Thanks Ken!
It is called the dump part of the pump and dump. They run it up as high as momentum will take it and then short at the top and dump. Fell for it again like an idiot. Bet I know whose behind it too
The problem is Johnny you never know unless you stay in and then it is too late. Again, hoping for the best, but we are dealing in the pinky wild west where people are more bound to be sinners than saints.
Yes, it would be nice would'nt it. LOL Don't worry I live in the real world, but it does not mean I have to like how this has played out so far. My fault, I should have held off buying until it came down and listened to my gut instinct.
Yes, if you are truly in the shareholders corner you put some sugar in with the medicine to help it go down. At least that is what Mary Poppins would do.
Nice, you think they could have announced this the day before instead of after I bought. I guess they were waiting for me as a sign. Now they will need some results to prove that they are for real and just not another stinky pinky fraud pump and dump. Since I bought 250k shares I hope they do come up with some decent numbers. Hoping not to be just another bagholder.
Does Katx look like something is about to happen? Look how they are protecting the downside big time. Looks just like another stock I know of that today just announced funding and dilution. Expect it here also and very soon by the looks of it. I do not excpect they get a ton but maybe enought to do the RM and or maybe a drill on something? Look for shares and warrants to be issued is my guess and soon. More dilution and a big flush.
Wow that quickly popped back. Now for those that thought they were funding this from operations I guess you were wrong. You have to figure with even cheap labor the cost of fuel and transportation and equipment is high. Now if they put out huge results all will be forgiven. Let's hope for the best. I suspect they should have results within the next 90 from their operations so far.
Ken seems to be a coward. He pumped and dumped his own stock and helped steal millions from shareholders and now in hiding it seems. I can only hope he get what he deserves in this life or the after life along with all the scum that pumped and lied to friends and family on this to make a buck.
Looks to be holding well and just waiting for news to move. Amazing how tight it is to get shares. This maybe how things roll with the new rules. You can sure see less games with te volume. Took me 4 days to finally get a fill and I had to pay more than I wanted. Not too many sellers at this price so hopefuly it holds and builds from here. I just hope it does not take too long for news as folks will get tired of waiting and move on after a certain perion of quietness as we know.
It will be very interesting to see what the real volume is without the MM games being played. Seems so far to be the vast majority of the volume. The new rules may damper trading activity and it looks so far to be working.
The non covered MM trades were very high on Friday
20110506|SNEY|3038696|0|4877168|O
Looks like the majority of shares by far. So how will the MM now beat the system since they have to show the real numbers?
Now it makes sense. Notice the size of the trades- See this-
New Finra rule goes in to effect May 9th”Home Vendors Birth Day” ….Naked Shorted stocks like XXXX …are the Companies the SEC had in mind when designing it…this link helps to explain it in laymans terms.. Of the 3 new rules kicking in on Monday 5/9/11 FINRA 6460 is the one to concentrate on. My legal buddies are referring to it as the “new leap frog rule”. MMs now have to show the full size of any orders that are the high bid or low offer. Before they could hide a large buy order by only showing 5,000 shares of it which was and is the minimum for penny stocks. The key concept here is “forced transparency”. From now on if a “whale” shows a bid for 10 million shares of XXX and it is higher than the previous bid then the MM must either reflect it or jump it by a notch to hide it. The “whale” would then need to jump it to get it to be the high bid. Hence the term leap frog.
If an abusive MM with an enormous preexisting naked short position puts in a large offer to scare buyers aware then he has to place it below the former offer and he’s going to have to honor that sale if the “whale” chooses to take him out. The “whales” are going to get pretty ticked off if the MM representing his order fraudulently makes him pay higher because of his antics needing to be performed to hide the large order. This might violate the “best execution rule” (NASD 2320) wherein a broker has a formal “duty” to find the best market to aim an order towards.
“Whales” want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that XXX just might “have the goods” does not want to sell size. He just wants to fraudulently induce selling and dissuade buying. A variety of the “3Ms” (“market maker manipulations”) are going to be rendered moot. As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be “injecting liquidity” needs to be done in an environment with no transparency. “Leap frogging” is going to look very, very obvious on a time and sales sheet! There is no better disinfectant than the light of day.
So with this new rule in place if a MM was playing games with large naked shorts and trading back and forth with other MM we should see an immediate decease in volume, which will hurt their business.This also could make it harder and more expensive to buy since they will want to ensure their spreads. Anyone notice it is harder to get filled at the bid just recently or is it just me? What overall impact besides a big decrease in volitility do you think it will have?
I make up facts? Show me where they ever said they got the $5 million. They never did because it was conditional. If they had the $3 million why use Stan to try and find new funds and promote? Maybe they could do what they did over at L-xg and pay $3.3 million to promote KATX. Maybe they could tell everyone they had REES? Is that what everyone is waiting for the next pump and dump. That's right you deny a run to .25 and back to .023 is not a pump and dump. I guess if you deny reality hitting you in the face then using logic andcause and effect would just be completely out of your realm of comprehension. Too many loyal longs are in La La Land IMHO!
Also that sneaky litle B Hudson has lowered it's ask and I have seen them before and do not trust that snake not to bite.
I guess my concern is that big buy a false wall or a real buy. I have seen too many games played by MM. If it is for real this should be up. Off course they could set it there forcing the bottom and make people jump the wall to buy at a higher price. So many games they play.
Yes, again they has the bid\ask under tight reins. They do not want this to move. A whale will be needed to buy all those shares and without news looks like another low volume day. Off course we only see what they want us to see. With commodities down, QE 2 ending, sell in May, a double dip in homes sales, I do not expect much from the market at this point. Not sure this has a ton to do with SNEY, but gold down is not good for any explorer. I SNEY defense it would make sense that their cost of production would be much less than a miner since it is in stream and near the surface. I guess some of the question would be what do they need to produce in a given time period to make serious money for shareholders. Any idea how many ounces of just gold they can pull out of the streams and digs per dredge per day?
You know I have said anything you have not on that 'other' board. Anywho just my opinion right or wrong. Either way I hope you and others that got taken on that 'other' stock get our money back on this or some other one. Either way I don't play games and say what I think. Some days I'm smart and other days a drooling idiot. But hey live long enough and life will do that to you.
Maybe you are right. I see the 20 day is at .18 and the 10 day at .21. I do wish I would have dump that other dog in Jan. and got on board this and I'd be back to BE at least. GL will keep watching for a good entry point and who knows maybe I get lucky and if not I'll cheer for the longs!
I suspect a big volume day got us on the radar of daytraders and they came in ran her up, took profits and ran. That is usually what happens when the volume spikes so much without news. You know a few newsletters that want subscribers may tout them and you go up in the hit parade. It draws attention. Now we settle down until news gets nearer and the next wave comes. JMHO
Or maybe it bounce off .16?
http://stockcharts.com/h-sc/ui?s=SNEY
Looks like ETMM will let it go down now and took off the big buy.
It has run hard and could settle at the 50 dma before it regroups for the next run. I wonder what Tradersrule thinks?
Maybe once you get to a real exchange, but games still played. OB is just a short step up, but at least they are more stringent on reporting. It still is the wild west. It will be interesting to see if they hold up the buys on vanish and drop it. Commodities are getting slammed as Carlos Slim, George Soros and big hedgies all dumped to drop silver and gold. Must be nice to have billions to control a market. Just wonder if there was any collusion involved. I bet they do not investigate. Is is go away in May, a bit of fear that QE2 will end soon or just a correction. Time will tell soon enough. Still watching this one. Seems to have lost some energy today.