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I believe Etrade has both an individual and commercial MM side to it. Most all MM do short position and can trade for themselves or clients.They can and do make wrong bets and if they went short and got caught with a surprise they could artificially hold the price and try and kill demand or naked short to do so. They can walk down a stock and then cover and mitigate some losses. On the reverse they can help move a stock up and short at the top. Hard to beat the system when they can see all the bets on the table with cards up and can move faster then anyone else. Kind of like why GS, MS and others have computers at on near the exchanges. They can front run a trade even though it is illegal for us to do.
Play the pump and get out before the dump.
Notice how ETMM is controlling the bid and ask like they do not want this to move. I noticed the same thing on another one many of us are or were a part of. Makes you wonder just why a MM wants to hold the price in check? Could it be they have a large short to cover and don't want to have to cover it higher? Any other thoughts.
Watch their video and it seems these are 3 in 1 devices and a new technology. I do hope they work as shown and it will be interesting to see what they bring up each day versus the cost of the equipment and manpower. Do we know if these are processing plants for the raw materials in closed proximity? I know for Rees they would have to ship them somewhere and not sure where the closest location would be as they are very expensive to process and most is done in China. It would be great if they could prove up enough REE material and make a deal with a processor for a cut of the profits. Any idea when we start seeing some results?
I guess then you just blow off the State of Nevada as defrauding people and yet don't think Ken would. So, if I follow your logic on the money they still have $3 million in the bank? Hold on only $9K shown in the bank on 11/30/2010 so it must be some credit line then? Now follow me. I have all these properties and it in now May and they are all great and have huge potential. Well this is what many here say is that correct? So, at this late point in the drilling season we still have heard nothing about drilling? Why would that be? Is it because the properties are not so good or is it they just do not have any money to fund work at this point. Still with me? So a few months back they hire a promotional and funding company to find investors and promote the stock. Is this not a fact? Now why if you had $3 million sitiing around would you need to do so? OK- I have given you 3 points that logically says they have no money. Can you even provide one besides I have not seen it printed they do not or that I believe whatever Ken says and until I hear differently I will believe him until the company goes out of business and is taken off the exchange or I die first? Come on this is not that hard to figure out!
I know that but was hoping there would be some update as to funding because without that nothing is going to happen. Sorry, been burned too many times before and remain a skeptic until concerns are met as we all should be with any penny stock.
http://biz.yahoo.com/e/110504/sney.pk10-k.html
So what do you think?
Steve
Our operating expenses for the year ended December 31, 2009 and December 31,
2008 are outlined in the table below:
Year Ended December 31,
2009 2008
---------- ----------
General and Administrative $ 17,746 $ 10,489
Management Salary $ 71,500 $ 22,500
Rent - Related Party $ 2,000 $ 6,000
Accounting and Audit Fees $ 26,436 $ 39,582
Legal Fees $ 15,665 $ 15,438
Consulting Fees $ 237,045 $ Nil
Exploration Costs $ 25,681 $ 1,874
Looks like explortion was a minor expense compared to consulating and no mention as promised about the current condition yet. Sorry I don't see any money to continue operations in any of this. Not saying they don't have any but I don't see it and this does not clear up anything for me. Still wondering where the beef is.
So you have proof that they have funds. So do you have a link to this information or can anyone provide it? I know they used stock to pay back some loans, but not sure they have the what $3-$5 million they needed to get this rolling.
Sorry meant .029 that Rothstein predicted. My bad.
Well we know what opinions are like and mine and yours pretty much look the same. Fact is this stock is up what 2000% off it's 52 week low? Now granted if they start producing gold that will change thing dramatically, but not seeing the 10K I'm not sure that they have the funds they said they need to get going. Do you have any DD on that as I did not see any in the stickies?
Thank you very much that was helpful.
Bet it does not see .29 today as long as they stay. They are a buzz kill!
First link not working.
HDSN has lowered it's earlier bid from .07 to .026 so I doubt we go higher unless they move back up.
Funny they did not mention the foward split. One would think that is pretty important and any competent CPA would include it. If they get it out in a day or two fine, but if this turns out to be a delay tatctic for some reason it make one wonder especially since this is 2 years old. It would be nice to see all 10K's up to date and that will look them look much more legit and not like they have something to hide and get the CE removed.
Are they actually producing and if so what do the numbers look like so far? Thanks in advance.
Do you really think that? What has the comapny done to deserve your optimism? Stan told me 6 weeks ago news in 3-5 days and here we are still quiet. We know they have RR results by now. We know they increased shares. We know they have not announced any drill program and it is MAY so unlikely they do anything this year. We can sumize they are out of money and we still do not have our BVIG shares. Now I have stated why I'm not optmistic please make your case why you are. My one post.
Hey, I saw this months ago with many other folks were playing. This is one of the few that took off. Seems many junior explorers and miners dump and folks take their losses at year end and ramp up before the season starts. I at first saw these pennies as serious investments and now just more of a game people play. You can make serious money but more on the pump IMHO that reality because most are junk. (not saying this one is as each person has to judge hit from shinola)
Well, now you have done it and I have to stay now. Just because I've been a bagholder and I venture to say that 99.9% have been that are here at one time or another does not mean I have not learned anything. You know it is more about perception,pump, and promotion more than reality, but once in a while there is some truth behind the story. Look at LEXG. Went from nothing past $10 and just fell back to earth somewhat all on hype and nothing even proven as far as them finding lithium. Looks like SNEY is much further along then them, but they also paid 6 figures to promote the stock. How much has SNEY paid lately, if any.
A bit too greasy for my taste, but I have to admit I had one as a pet when I was 6 until they got too big.
Gee, and I though I was being nice and reasonable. Sorry, if I rumpled your petticoat. If I thought we could not be friends I just don't think I could live with myself. Now can we be friends?
It is a pinkie and that is it. You have limited information which is basically promotion. Transparency is limited and the risk\reward is very high. This is not a Coke or Apple so don't kid yourself. This is the old west and liars poker more than anything. The chat boards are important as they set sentiment and get ranked high and increase volume. As far as what people say you pick who you somewhat trust. Most are cheerleaders or bashers and some just sek the truth, but that is harder to find than gold.
Not trying to rain on your parade, but if they promise a 10k and do not deliver it is that not a red flag to you? This is not like a mine that is next door and you can look at. There is a lot of trust to any DD. We know that DD can look great and show nice pictures, but also be meaningless and just a nice promotional piece. Did we not learn anything? BTW- I'm no traders and it seems you have recently gone to the TR school and learned after our shared disaster. Look- I'm in your corner and a fan. I admited I should have listened to TR as he was right on. Even the Gumpster was more right than wrong. But this is the world of pinks and anything goes and I am learning also, though not a trader by any means. I hope you make tons even if I do not as long as you keep it real and don't pump and lie I hope you make a million.
GL
I disagree. You wait to long you get too greedy and loose your ass!
Wary of any pinkies but this one looks a bit better, but sure would like them to issue a positve 10k first. The long delay and promises not met are a red flag to me and could send this back down quickly. On the other hand if they followed through and it looked positive it could run a while.
So what is so great about SNEY and why is everyone calling for .10-.20? Is this just not another P&D like KATX? Just wondering El Cheepo. Many not looking to get burned again like we did on KATX listening to the FB gang!
Navy Seals Kick Ass! Yep, I hope some day before I die I get my BVIG shares and am not stupid and greedy enough to hold onto them during the next pump and dump. I expect nothing more out of this group that I do not trust any more than I did Osama!
I do not think you added the latest increase. Again they cannot create money out of thin air. Either the company gets fund in exchange for stock and the investor sells it or the Steads sell the stock and lend it to the company. That is the only way they have to fund the company as far as I can tell. It is not brain surgery folks just common sense!
Well as long as posters keep touting the DD and $15 and all their BS I will continue to warn newbies in my only small way I can. I'm glad I'm not as close as Stringray is to the Office because I'd go in healed and get to the truth. For those that somehow still think there is no dilution going on just tell me how on earth can you believe that? What does KATX have to offer to get cash but shares? Just becuase they are not showing it does not mean it does not exist. It is pretty obvious to all but the brain dead that Ken has failed to keep his promises to shareholders and was either naive and taken once again by dubious finaciers, attorneys and promoters or just part of the fraud. I find it sad that folks with small kids on this board have no problem lying to the masses about news coming every day. It is obvious they have little to no morals and will do anything to make a buck.
Yes, it is the SSDD with the pumpers going back to the flawed DD that so far has proven little to nothing. Ken digs himself a deeper hole the longer he holds back information looking more like a crook that the shareholder friendly CEO he was puported to be. I'm wiser but poorer due to falling for all the BS from people I no longer traust. I mean how can anyone trust folks that have been proven so wrong so many times but still pump the same garbage to scam newbiews. You just cannot trust many of the folks that control the boards it seems. Many that had an ounce of dignity and could no longer sell the big lie have departed.
Sure I hope I get my BVIG shares and will unload, but I will not pump. I did earlier when I believed it was the truth, but now being exposed for what it is I refuse to do so and put others in a position like I find myself in. I guess many of the supposed conservatives have a different moral code than this conservative. This is my only response for the day!
You will like gold and silver even better this morning. As for HC those results were eorth futher exploration but in themselves would not be good enough to drill. This is the opinion of our local experts. My question would be how did the phase 2 prelimiary work they did in the fall look and was it promising enough to drill? If so, why no drill program announced yet. Reason would say either they lack money, the resuls were not good enough to warrant proceding, or maybe they are still waiting for the shares to be distributed before moving ahead.
Like all of us we want our shares and to know what in the heck is going on. GLTU
I stated the dollar was one of the reason that commodities are going up. The comparison of hype with Katx to dollars chasing commodities up is that both cause an aberation in the market away from true supply and demand. At some point prices seek balance. It is and has always been that way. We agree more than you think, but I don't think we self destuct and make changes before that happens. Better to take some pain then have the end of the world as we know it.
As far as KATX what reason do you have for much if any optimism? I just do not think Ken has lived up to expectations. From what I have seen this is just another promote p&D stock like most all pinkies. Now mostly day traders playing with it.
OK- on with the attack, but this is my honest opinion being in and following this for lmost a year. Still awaiting my BVIG shares.
Could be, but like KATX commodities become on bubble based on hype versus reality and come back to earth. Just a matter of time and when exactly I cannot say. Could be the end of QE2 will be the start. Could be rates evetually going up will shift dollars.
I understand your argumnet about the price ratios of gold and silver. They have some creedenace, but gold and silver marketers want to hype it up to as they play both end and buy cheap and then hype and sell. All part of their game.
Thing is will having gold and silver do you any good during what could turn into a Depression? Last time the US government actually confiscated gold from citizens. Do you not think the current president of fairness and soak the rich would not do the same? The reason Uncle Ben is inflating and causing commodities to rise is he's scared as hell of deflation.
As a country we are at a crossroad for sure. If we take the road you suggest that the tit suckers will not give up their goodies and rather see it all go down rather than give up theirs then we will get what we deserve. I'm in hopes that sooner than later we get it together and make the hard choices so that your generation is not screwed. I have kids 25,28,30 and grand kids so I want the best for them.
Seems Ayn Rand was way ahead of her time. Who is John Galt? Your a smart kid and I wish you good luck.
Sure I do. I guess I thoiught I new everything at 23 also, but hey you were no around or a little kid for almost all bubbles. You missed the 70's RE bust in Ca., You missed the silver run to almost $50 in the early 80's, you miss the tech bubble in the 90's, and you recently saw the bubble in RE in 2007. All bubbles burts eventually and supply and demand take over.
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
As you can see silver was around $5 and ounce for a long time after therun up in the very early 80's. Stll demand for silver is not up, but as prices increase people will find old coins, bars, silverware and jewelry to sell and more will be mined. Supply increases and at some point they equal out. The price of all commodities are up since hedge funds, banks and speculators are using them as assest classes. ETF have also made it easier to buy. The dollars decline has also help the rise along with the Feds priming the pump. Well, that stops the end of June. So I'd be wary of that date.
Also, bulls and bear make money and hogs get slaughtered. Silver is up form historical $5 to $46 or about 900%. If a stock went up 900% would you hold or take profits or ride free shares?
Now if we continue to spend like drunken sailors and the dollar continues down I suspect silver will keep riding up, but once sanity comes back to the market it will plunge. It is just a matter of how big the pop. If, we see the dollar at .50 and gold and silver at $2000+ and $100 then this country is in a world of hurt and I expect riots in the streets and a major depression as people cannot afford basic necessities due to hyperinflation. I'm hoping we stop before then.
If you are going to buy siler at this toppy level then you may wish to hedge using a double short ETF. GL and don't say you were not warned because I've seen it all before and doubt it is different this time. History does repeat and those that fail to learn from it are destined to make the same mistakes.
Silver is heading to bib time bubble territory. The higher it goes the bigger the pop. Demand for the raw material just is not there. It is all speculation by individuals and hedge funds driving this and the same thing that happened to Bunker Hunt will happen to them. Total wipeout. I just have no idea where the top is but right about $50 is its historical high non adjusted for inflation that is.
I see Katx is back to being pumped and dumped on no news. THat is unless insiders got news from Ken to buy. Nothing would surprise me about the garbage that goes on in this cesspool of humanity!
That is when I have to question peoples motives, sincerity, and intelligence. I can undersatnd being naive and wanting to believe something. I was told about KATX and pointed to the DD. Really, there was not much more out there and some folks seemed to know Ken as a good and honest person. THe stock went up and like a dummy I continued to buy more because of stupity and I guess delusions of grandeur seeing that I could most likely retire with a $3 Katx price. Heck, I was so stupid I sold Apple and Bidu and others which had I held I'd be way up now. I did this because I would get those for sure winner BVIG shares and with those high grab samples numbers who could lose? Well, then the selloff began, but my friend and those nice folks that control boards and sites kept saying buy and hold. Why would they lie they loved KATX. Well, later I find that many are just traders and riding free shares. Yes, while I was told to buy and hold they were selling. OK- so now poorer and a bit wiser I hope. Some of these folks just disappeared and some still pumping like a preacher at a revival pushing redemption. I guess some still reamain delusional and cannot face the reality their money is gone forever. Others are just plain liars, cheats and frauds. Some are obvious touting silly numbers daily and denying documented facts. Others, maybe less so and are profession cons. My opinion is now that 99% of pinks are scams at worst and best run by incompetent business business people, but mostly scams. They are in the business of selling shares and dreams. Selling the story and getting you greedy and stupid is the game. Show them the dreams of what could be and not the real odds of success. It is easy to get caught up in because we all want to be rich.
Now for anyone that truly still believes all this BS after everything that has happened you really need some help. GL
Really Jack? Fatcs are that the stock under him has been pumped and dumped twice. Facts is he hired the law firm and promotional companies directly or via a third party to pump the stock. Facts the only thing this company has done well to this point was to market shares. While they have drilled they have not produced enough evidence of enough to mine to this point. This is nothing but a pink sheet stock. Long term investors here are fools chasing a pipe dream. The ones that know the game and play the pumps and promotions have a shot at making money if they do not get too greedy. To dny the facts is to deny reality. Continue at your own peril.
You assume that Ken was just stupid and did what the law firm told him to do and allowed the pump and dump to happen? Gee, too bad we had to pay for Ken's learning experience. So, why do you think he's now after the stocks is down 90% able to do better despite having no proof that they have money and no plans of drilling have been mentioned in 2011? You seem to be wanting make excuses for Ken like many others yet as CEO the buck stops there!
Yes, the only naked shorts are the legal ones that the MM do daily, but even they have to trade off back and forth to stay legal within time limits so that can have a effect on prices I would think. Not sure how you can tell how much they have accumulated over time as that would also tend to make the sell volume look higher and dampen the price of the stock. Not that I blame the MM as someone is using Hudson to unload and I suspect it has to be either the secreat investor (if there ever was one) or Ken doing his own internal financing which I find would be a huge conflict of interest since it would not be a open market sell but a daily dribble. That would also dampen the stock price. Now if I had shares given to me for .01 and could sell them all the way down from .25 I think I could live pretty well also and fund the company. I'd sure like all the mysteries solved and find out the truth about actually how they are funding operation and who is profiting off the shareholder\ bag holder misery.
No your timing is way off! Protrader, like I bought more and drove up the price to get BVIG shares like many more here. Yes, I know why I dumped my Apple and Bidu. I got stupid and greedy and wanted those BVIG shares becuase they were drilling HC soon and with those 158 grab samples it was a sure thing right? Now if you read the KATX board you will see most longs even agree that they never got $5 million and about $2 million. What is not known is who provided that. An investor that sold after the departure of HC or was it someone for Ken. Either way Hudson has the answer as they were the major seller. Ken even told me in an email we were is his words a 'mess'. Just look at the frigging evidence it is not that hard. At this point no drilling plans. Hmmm? Gee I wonder if they had $3 million sitiing in a bank or line of credit way nothing announced? Could it be they have no money or do you believe there is nothing worth drilling? Your choice. Now why hire a new firm to find you investors if you have $3 million? Hmmm? You don't. Some here seem to lack any logic or reasoning skills.