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REVERSE MERGER WILL BE GOOD
IS IT FAKE WALL!!!
power hour might be interesting!
very good news...
http://apnews.myway.com//article/20091019/D9BEED000.html
Feds to stop prosecuting medical marijuana users
WASHINGTON (AP) - Pot-smoking patients or their sanctioned suppliers should not be targeted for federal prosecution in states that allow medical marijuana, prosecutors were told Monday in a new policy memo issued by the Justice Department.
Under the policy spelled out in a three-page legal memo, federal prosecutors are being told it is not a good use of their time to arrest people who use or provide medical marijuana in strict compliance with state law.
The guidelines issued by the department do, however, make it clear that federal agents will go after people whose marijuana distribution goes beyond what is permitted under state law or use medical marijuana as a cover for other crimes.
The memo advises prosecutors they "should not focus federal resources in your states on individuals whose actions are in clear and unambiguous compliance with existing state laws providing for the medical use of marijuana."
The new policy is a significant departure from the Bush administration, which insisted it would continue to enforce federal anti-pot laws regardless of state codes.
"It will not be a priority to use federal resources to prosecute patients with serious illnesses or their caregivers who are complying with state laws on medical marijuana, but we will not tolerate drug traffickers who hide behind claims of compliance with state law to mask activities that are clearly illegal," Attorney General Eric Holder said in a statement.
By the government's count, 14 states allow some use of marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maine, Maryland, Michigan, Montana, Nevada, New Mexico, Oregon, Rhode Island, Vermont and Washington. Some medical marijuana advocates say Maryland shouldn't be included in that group, because the law there only allows for reduced penalties for medical marijuana usage.
California stands out among those for the widespread presence of dispensaries - businesses that sell marijuana and even advertise their services. Colorado also has several dispensaries, and Rhode Island and New Mexico are in the process of licensing providers, according to the Marijuana Policy Project, a group that promotes the decriminalization of marijuana use.
Advocates say marijuana is effective in treating chronic pain and nausea, among other ailments.
Holder said in March that he wanted federal law enforcement officials to pursue those who violate both federal and state law, but it has not been clear how that goal would be put into practice.
The memo spelling out the policy was sent Monday to federal prosecutors in the 14 states, and also to top officials at the FBI and Drug Enforcement Administration.
The memo written by Deputy Attorney General David Ogden emphasizes that prosecutors have wide discretion in choosing which cases to pursue, and says it is not a good use of federal manpower to prosecute those who are without a doubt in compliance with state law.
"This is a major step forward," said Bruce Mirken, communications director for the Marijuana Policy Project. "This change in policy moves the federal government dramatically toward respecting scientific and practical reality."
The change has critics, including lawmakers who see it as a tactical retreat in the fight against Mexican drug cartels.
"We cannot hope to eradicate the drug trade if we do not first address the cash cow for most drug trafficking organizations - marijuana," said Rep. Lamar Smith of Texas, the top Republican on the House Judiciary Committee.
Administration officials said the government will still prosecute those who use medical marijuana as a cover for other illegal activity.
In particular, the memo urges prosecutors to pursue marijuana cases which involve violence, the illegal use of firearms, selling pot to minors, money laundering or involvement in other crimes.
And while the policy memo describes a change in priorities away from prosecuting medical marijuana cases, it does not rule out the possibility that the federal government could still prosecute someone whose activities are allowed under state law.
The memo, officials said, is designed to give a sense of prosecutorial priorities to U.S. attorneys in the states that allow medical marijuana. It notes that pot sales in the United States are the largest source of money for violent Mexican drug cartels, but adds that federal law enforcement agencies have limited resources.
Read more: http://rothburyfest.proboards.com/index.cgi?action=display&board=thinktank&thread=2448&page=4#ixzz13OfLggmg
Marijuana Legalization
http://news.yahoo.com/s/ap/20091008/ap_on_re_us/us_marijuana_legalization
Pot legalization gains momentum in California
By MARCUS WOHLSEN, Associated Press Writer Marcus Wohlsen, Associated Press Writer – Wed Oct 7, 9:49 pm ET
SAN FRANCISCO – Marijuana advocates are gathering signatures to get as many as three pot-legalization measures on the ballot in 2010 in California, setting up what could be a groundbreaking clash with the federal government over U.S. drug policy.
At least one poll shows voters would support lifting the pot prohibition, which would make the state of more than 38 million the first in the nation to legalize marijuana.
Such action would also send the state into a headlong conflict with the U.S. government while raising questions about how federal law enforcement could enforce its drug laws in the face of a massive government-sanctioned pot industry.
The state already has a thriving marijuana trade, thanks to a first-of-its-kind 1996 ballot measure that allowed people to smoke pot for medical purposes. But full legalization could turn medical marijuana dispensaries into all-purpose pot stores, and the open sale of joints could become commonplace on mom-and-pop liquor store counters in liberal locales like Oakland and Santa Cruz.
Under federal law, marijuana is illegal, period. After overseeing a series of raids that destroyed more than 300,000 marijuana plants in California's Sierra Nevada foothills this summer, federal drug czar Gil Kerlikowske proclaimed, "Legalization is not in the president's vocabulary, and it's not in mine."
The U.S. Supreme Court also has ruled that federal law enforcement agents have the right to crack down even on marijuana users and distributors who are in compliance with California's medical marijuana law.
But some legal scholars and policy analysts say the government will not be able to require California to help in enforcing the federal marijuana ban if the state legalizes the drug.
Without assistance from the state's legions of narcotics officers, they say, federal agents could do little to curb marijuana in California.
"Even though that federal ban is still in place and the federal government can enforce it, it doesn't mean the states have to follow suit," said Robert Mikos, a Vanderbilt University law professor who recently published a paper about the issue.
Nothing can stop federal anti-drug agents from making marijuana arrests, even if Californians legalize pot, he said. However, the U.S. government cannot pass a law requiring local and state police, sheriff's departments or state narcotics enforcers to help.
That is significant, because nearly all arrests for marijuana crimes are made at the state level. Of more than 847,000 marijuana-related arrests in 2008, for example, just over 6,300 suspects were booked by federal law enforcement, or fewer than 1 percent.
State marijuana bans have allowed the U.S. Drug Enforcement Administration to focus on big cases, said Rosalie Pacula, director of drug policy research at the Rand Corp.
"It's only something the feds are going to be concerned about if you're growing tons of pot," Pacula said. For anything less, she said, "they don't have the resources to waste on it."
In a typical recent prosecution, 29-year-old Luke Scarmazzo was sentenced to nearly 22 years and co-defendant Ricardo Ruiz Montes to 20 years in federal prison for drug trafficking through a medical marijuana dispensary in Modesto.
At his bond hearing, prosecutors showed a rap video in which Scarmazzo boasts about his successful marijuana business, taunts federal authorities and carries cardboard boxes filled with cash. The DEA said the pair made more than $4.5 million in marijuana sales in less than two years.
The DEA would not speculate on the effects of any decision by California to legalize pot. "Marijuana is illegal under federal law and DEA will continue to attack large-scale drug trafficking organizations at every level," spokeswoman Dawn Dearden said.
The most conservative of the three ballot measures would only legalize possession of up to one ounce of pot for personal use by adults 21 and older — an amount that already under state law can only result at most in a $100 fine.
The proposal would also allow anyone to grow a plot of marijuana up to 5 feet-by-5 feet on their private property. The size, Pacula said, seems specifically designed to keep the total number of plants grown below 100, the threshold for DEA attention.
The greatest potential for conflict with the U.S. government would likely come from the provision that would give local governments the power to decide city-by-city whether to allow pot sales.
Hundreds of medical marijuana dispensaries across the state already operate openly with only modest federal interference. If recreational marijuana became legal, these businesses could operate without requiring their customers to qualify as patients.
Any business that grew bigger than the already typical storefront shops, however, would probably be too tempting a target for federal prosecution, experts said.
Even if Washington could no longer count on California to keep pot off its own streets, Congress or the Obama administration could try to coerce cooperation by withholding federal funds.
But with U.S. Attorney General Eric Holder's announcement earlier this year that the Justice Department would defer to state laws on marijuana, the federal response to possible legalization remains unclear.
Doug Richardson, a spokesman for the White House's Office of National Drug Control Policy, said the office is in the process of re-evaluating its policies on marijuana and other drugs.
Richardson said the office under Obama was pursuing a "more comprehensive" approach than the previous administration, with emphasis on prevention and treatment as well as law enforcement.
"We're trying to base stuff on the facts, the evidence and the science," he said, "not some particular prejudice somebody brings to the table."
just need a PR from the company....to get back investors' confidence...then kabooooooooooooooooooooom
last 5 days trading pattern indicates MMs are setting up HESG for huge run
me tooooo.. bought 1mil lottery ticket @2
is the float still 600 mil?
go HESG GO....prove miracle still happens in Pinkyland
All big companies once upon time were small development and exploring company. You should educate yourself how to make investment in junior mining. The article below might help you:
Things you should research before making investment in Junior Gold and Silver Companies:
Share Structure
This is important for many reasons. First, it tells us how successful the company has been to date. If the company has a lot going for it and only has, say 40 or 60 million shares, then that tells you that management has done on a good job so far. However, if the company has 200 million shares and hasn’t achieved its objective yet, it is a bad sign. Moreover, how will that stock make huge gains quickly with such a large float? Hence, another reason the former scenario is highly favorable.
Financial Health
How is the company financed? Did it have to issue extra shares numerous times before adding value? Is it hugely in debt? Will it need to issue more shares again? Generally speaking, avoid those companies that have to engage in numerous financings without adding significant value. We favor the companies that can raise capital without diluting shareholders or adding significant debt.
Management
Invest in companies whose management teams have a track record. Why go with those who haven’t built a mine or developed a resource? You can perform an ongoing evaluation by looking at the company’s progress relative to the shares outstanding. Again, we want to see progress without management having to significantly dilute existing shareholders.
It’s All About Location
This is something many investors tend to ignore — and I haven’t the foggiest clue why. Where a company is located is extremely important to your decision to buy shares of a company. Remember: most of the world isn’t free. In many countries, the political, economic, and criminal backdrop of the country isn’t friendly to commerce or mining.
Even in the US — one of the freest countries in the world — the government is becoming increasingly hostile to business and commerce of all sorts.
Political Risk
This is an obvious one. If you are going to speculate on a company with political risk inherent in its projects then make sure you are compensated for taking the risk. In fact, if it is a significant risk, then don’t take the chance unless you are compensated for that risk and the company has home run potential.
Potential
Lastly, realize that you can profitably invest in Gold index or a great fund like the Tocqueville Gold Fund. Hence, don’t take the risk on a junior only to make 50% or 100%. You can do that with the aforementioned. Remember, that quality juniors can rise 300% or 500%. These are the ones you want to own and not those that may only rise 50% or 100%.
Hope the above will help you decide to make investment in SAEIE, GLTA
with a float of 28.5 mil your logic is like high school boy logic. write something like expert opinion .....
does this company has any future? or still scam like before
the production news will kaboooooom pcfg. not every resource company can see the light of production.
should I add more on Monday in the morning or stay sidelined with whatever I have accumulated so far.
Things you should research before making investment in Junior Gold and Silver Companies:
Share Structure
This is important for many reasons. First, it tells us how successful the company has been to date. If the company has a lot going for it and only has, say 40 or 60 million shares, then that tells you that management has done on a good job so far. However, if the company has 200 million shares and hasn’t achieved its objective yet, it is a bad sign. Moreover, how will that stock make huge gains quickly with such a large float? Hence, another reason the former scenario is highly favorable.
Financial Health
How is the company financed? Did it have to issue extra shares numerous times before adding value? Is it hugely in debt? Will it need to issue more shares again? Generally speaking, avoid those companies that have to engage in numerous financings without adding significant value. We favor the companies that can raise capital without diluting shareholders or adding significant debt.
Management
Invest in companies whose management teams have a track record. Why go with those who haven’t built a mine or developed a resource? You can perform an ongoing evaluation by looking at the company’s progress relative to the shares outstanding. Again, we want to see progress without management having to significantly dilute existing shareholders.
It’s All About Location
This is something many investors tend to ignore — and I haven’t the foggiest clue why. Where a company is located is extremely important to your decision to buy shares of a company. Remember: most of the world isn’t free. In many countries, the political, economic, and criminal backdrop of the country isn’t friendly to commerce or mining.
Even in the US — one of the freest countries in the world — the government is becoming increasingly hostile to business and commerce of all sorts.
Political Risk
This is an obvious one. If you are going to speculate on a company with political risk inherent in its projects then make sure you are compensated for taking the risk. In fact, if it is a significant risk, then don’t take the chance unless you are compensated for that risk and the company has home run potential.
Potential
Lastly, realize that you can profitably invest in Gold index or a great fund like the Tocqueville Gold Fund. Hence, don’t take the risk on a junior only to make 50% or 100%. You can do that with the aforementioned. Remember, that quality juniors can rise 300% or 500%. These are the ones you want to own and not those that may only rise 50% or 100%.
Things you should research before making investment in Junior Gold and Silver Companies:
Share Structure
This is important for many reasons. First, it tells us how successful the company has been to date. If the company has a lot going for it and only has, say 40 or 60 million shares, then that tells you that management has done on a good job so far. However, if the company has 200 million shares and hasn’t achieved its objective yet, it is a bad sign. Moreover, how will that stock make huge gains quickly with such a large float? Hence, another reason the former scenario is highly favorable.
Financial Health
How is the company financed? Did it have to issue extra shares numerous times before adding value? Is it hugely in debt? Will it need to issue more shares again? Generally speaking, avoid those companies that have to engage in numerous financings without adding significant value. We favor the companies that can raise capital without diluting shareholders or adding significant debt.
Management
Invest in companies whose management teams have a track record. Why go with those who haven’t built a mine or developed a resource? You can perform an ongoing evaluation by looking at the company’s progress relative to the shares outstanding. Again, we want to see progress without management having to significantly dilute existing shareholders.
It’s All About Location
This is something many investors tend to ignore — and I haven’t the foggiest clue why. Where a company is located is extremely important to your decision to buy shares of a company. Remember: most of the world isn’t free. In many countries, the political, economic, and criminal backdrop of the country isn’t friendly to commerce or mining.
Even in the US — one of the freest countries in the world — the government is becoming increasingly hostile to business and commerce of all sorts.
Political Risk
This is an obvious one. If you are going to speculate on a company with political risk inherent in its projects then make sure you are compensated for taking the risk. In fact, if it is a significant risk, then don’t take the chance unless you are compensated for that risk and the company has home run potential.
Potential
Lastly, realize that you can profitably invest in Gold index or a great fund like the Tocqueville Gold Fund. Hence, don’t take the risk on a junior only to make 50% or 100%. You can do that with the aforementioned. Remember, that quality juniors can rise 300% or 500%. These are the ones you want to own and not those that may only rise 50% or 100%.
Hope the above will help you decide to make investment in SAEIE, GLTA
Goldman Sachs predicted these average prices of GOLD:
* 2010 - $1,350 per ounce
* 2011 - $1425 per ounce
The reasons given for the estimates are as follows:
1. Low interest rates in 2010, expected near zero, will provide support for gold.
2. However, subdued inflation rates and recovering economy may put downward pressure on gold price in future.
* Near term outlook is $1,400 per ounce
The reasons they feel the price of gold will trade at these values are:
1. Global stimulus packages are devaluing currency
2. Prediction of rising inflation
3. Gold becoming a popular way to both hedge and invest
Goldman Sachs predicted these average prices of GOLD:
* 2010 - $1,350 per ounce
* 2011 - $1425 per ounce
The reasons given for the estimates are as follows:
1. Low interest rates in 2010, expected near zero, will provide support for gold.
2. However, subdued inflation rates and recovering economy may put downward pressure on gold price in future.
* Near term outlook is $1,400 per ounce
The reasons they feel the price of gold will trade at these values are:
1. Global stimulus packages are devaluing currency
2. Prediction of rising inflation
3. Gold becoming a popular way to both hedge and invest
SAEIE a must buy for week of OCT25th as per stock guru
SAEIE very tight
ya expect a bloodbath with $10 soap
i am into SAEIE and PCFG....are those scams tooooooo?
if he really has good news to share he will issue PR. so don't expect anything positive from interview
SAEIE....might be
SAEIE very tight float. 28.5 mil
holding 3 resources tight....SAEIE, CNEX and PCFG ....hope one of them will click huge
COPIED
First of all, the OTC is not a true market. It's a quote and trade reporting service. MMs don't "make a market" as they do on the exchanges. They effect trades, buys and sells, based on what they see coming in from brokers.
The first fallacy is that MMs set the bid and ask independently of what retail buyers and sellers of the stock want. That's simply not true. If there's a big spread, it's because buyers don't want to pay more and sellers won't accept less. Granted, the thinner the trading in a stock, the larger the MM is going to want to profit from a trade. On a stock which trades a million dollars a day, an MM may be very happy with a .5% profit on each trade, but on a stock which trades $1,000 on a busy day, it's probably not worth less than a 2%+ profit, as even that is only $20/day.
Remember, in the OTC, unlike the exchanges, MMs are not required to make any market, orderly or otherwise. They can buy and sell at whatever price they choose and they can accept an order or ignore it.
Naked short selling without covering eventually, or to manipulate the price of a security is illegal. That's why there's not one proven case of a MM doing it. There are enough instances of companies claiming it that the SEC warns about that abuse however - http://www.sec.gov/spotlight/keyregshoissues.htm
"2. Is naked short selling the reason my stock has lost value?
Investors should always use caution before investing in high-risk, speculative stocks, especially with regard to their retirement portfolios, because all stocks may decline in value. There are many reasons why a stock may decline in value. The value of a stock is determined by the basic relationship between supply and demand. If many people want a stock (demand is high), then the price will rise. If a few people want a stock (demand is low), then the price will fall. The main factor determining the demand for a stock is the quality of the company itself. If the company is fundamentally strong, that is, if it is generating positive income, its stock is less likely to lose value.
Speculative stocks, such as microcap stocks, often have a high probability of declining in value and a low probability of experiencing above average gains.27 For example, investors should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets.28 With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the Nasdaq Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.
There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters.
Naked short selling, however, can have negative effects on the market. Fraudsters may use naked short selling as a tool to manipulate the market. Market manipulation is illegal.29 The SEC has toughened its rules and is vigilant about taking actions against wrongdoers.30 Fails to deliver that persist for an extended period of time may result in a significantly large unfulfilled delivery obligation at the clearing agency where trades are settled. Regulation SHO is intended to address these effects by reducing the number of potential failures to deliver, and by limiting the time in which a broker can permit a fail to deliver to persist. For instance, as explained above, Regulation SHO requires brokers and dealers to close-out the open fail-to-deliver positions in "threshold securities" (i.e., securities that have experienced a substantial number of extended delivery failures) that have persisted for 13 consecutive settlement days."
only competitor will be PCFG not KA*X or LB*R
THESE 4 MMS will make market for SAEIE:
BMIC Biltmore International Corpor Active
LAFC R. F. Lafferty & Co., Inc. Active
UBSS UBS Securities LLC Active
VERT The Vertical Trading Group Active
Can anyone pls post short interest of SAEIE?
Supatcha Resources Signs Definitive Agreement and Acquires
DENVER, Sept 29, 2010 /PRNewswire via COMTEX/ -- Supatcha Resources Inc. (SAEI) ("Supatcha" or the "Company") announces today it has signed a definitive agreement to acquire a 98% interest in the Maiskoe Gold licenses in Odessa Oblast, Savaransky District, Southern Ukraine.
Supatcha will pay the owners of the property a total of US$3,500,000 and will own 98% of the mine (including all of the capital equipment) and the mineral concessions. Supatcha has also agreed to invest a further US$2,800,000 in expanding the current operation over the next year. Prior to the acquisition, the Company already had several preliminary funding commitments based on the strong merits and history of the concessions.
The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large Gold deposit. The initial drilling done in 1999 indicated gold mineralization in a number of drill holes. Further in 2001, a magnetic/electromagnetic geophysical airborne survey was also conducted over the property and identified several major mineralization areas of interest. Supatcha management has carefully procured significant relationships in the property area, over the last several years, to bring the necessary parties together to successfully continue the development of this high potential gold property and facility. Additionally, the property development plan completed on the Maiskoe as part of the due diligence process has recommended that a drill program for a total of 2000 meters be undertaken. Supatcha has committed to complete the recommended drill program and is currently in discussions to confirm equipment mobilization and drilling dates.
THE RUN-UP HAS JUST BEGUN ...ENJOY THE RIDE TO $1+ !!
nice dig!
wall street dying for SAEIE shares....Monday $0.25
if it reach that level...i will buy all of them
hope a PR will be issued by the company
good job guys ....keep it up
ya gold weed play!!!no prescription required.
MM signal 500 is better than 800....500 gap up