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The only nonsense around here is people getting in a twist about this at all.
If you haven't called your broker, you haven't taken all steps to get ahold of shares.
There's plenty of value-free liquidity to go around here. And it's a farce to claim otherwise.
It will take a lot more strength than what you're referring to to recoup those of us who've been here to lose more than just a few %.
ready to update us
Because we have, and we've done the right homework.
FFGO is a low capitalized shell built to defraud investors.
They have not come through on one of these deals, and until they do, there's no logical reason to assume otherwise.
They have neither the assets, or equity to provide this wild-eyed-crazy $250m out of the sky. And anyone that believes so is very factually mistaken.
Seven:
You could have gotten them 1 hour and 21 minutes earlier: CALL YOUR BROKER WHEN YOU WANT YOUR SHARES!
I eagerly await hearing the response from your inquiries to your broker -- including the Company, name of who you spoke to, and their explanation of your claimed "Lack of liquidity" in FFGO shares.
Furthermore, I ask again, is there any provable asset, or cash, or even market capitalization by revenue or infrastructure, that makes either FFGO or NMGL capable of coming through on this ridiculous offer?
What do you think about their wording in the PR, to please continue trusting the company, citing their prior LIES and complete farces from before. What reasons have they given you, historically, to believe them?
Have you spoken to anyone at FFGO who has been able to explain the lack of information since our supposed deliverance?
IMHO, until FFGO actually delivers on something, they are doing as they always have before (historically undisputable!) - LYING
Mhhm, having trouble getting that link to work. Does copypasting that work for you?
I daresay the devil is in the details.
Off the bat, before I search on my own, have you seen any of these details in it so far?:
The two different "modes" of evaluation
Exactly what was taken in to consideration (Is this just provable PHYSICAL asset valuation, or a net valuation of assets?)
Please see my previous reply to this post, V:
Is there some factual, provable basis by which you actually believed these people capable of delivering anything near what they promised, solely on a basis of ACTUALLY HAVING WHAT THEY SAID?
IMO Johnny -- look at the feds undecidedness and unpreparedness to tackle the unemployment issue in the US.
The bleeding stopped, and the wound has started tearing again.
I think in the next month to three at tops, we'll be in a new 2 year bear trend. Call me crazy, but I just don't see this recovery everyone claims.
I think we're at the brink of something phenomenally bad, generationally bad. And I think it's going to take some truly bad times to make people change.
As for the rumor -- well, a rumor being spread around a rumor mill.... can't really interpret that. Again, I see this funamentally boiling down to CPRK's ability to process ore at net benefit, and do it in a timely fashion. If this can't be done, there will be no short term feasability, and therefore, no long term feasability.
If we get continued funding at this upcoming court event, I pray that MGMT is as stringent and efficient with it as possible. I hope they realize that this is the loan of last resort. And that the reorganization plan involves a structured plan to recoup positive revenue flow, and then work on a structured, logical plan to develop that income flow in to a constant revenue stream, capable of paying off the companies SEVERE debts.
Buy low, sell high.
Repeat it. You'll hear those thoughts in your head before you pull the trigger, and realize you're at the top, not the bottom.
And where did you find assets held on behalf of either of these companies that comes close to delivering what they're talking about?
And what if we never hear from them again? Or some mysterious event transpires that they suddenly cannot come through with the deal, because of some extenuating circumstance?
Are you just going to keep hoping?
Is there some factual, provable basis by which you actually believed these people capable of delivering anything near what they promised, solely on a basis of ACTUALLY HAVING WHAT THEY SAID?
All more lies from the same old same old.
They have not followed through before.
They have no valuable assets.
There is no deal with any big board, or even real company with assets more than the average individual.
FFGO has once again pumped a deal, and managed to offload more junk shell on to investors.
You have better odds gaining money looking for change in the gutter, than playing this garbage.
I cannot believe any self-motivated individual could read that absolute TRASH of a convincing promise, and take away anything from it but the most desparate plea so far from a terribly corrupted, deluded people.
There is no great news.
There's no communication from FFGO.
They lied in the past, and defrauded people.
They lied this time.
They again, defrauded people.
NMGL has no assets to back up this deal, and FFGO has no real mining claims to sell. They are both equally worthless in terms of actual value. So little assets make up the whole company, and that is split between an unholy bloated share structure.
There will be no magic 3200% cash dividend, and there will be no "recovery" from "Your management that wants to look after it's long suffering shareholders."
Just more lies.
The key would be ensuring they have some real intrinsic value.
NMGL and FFGO are assetless, mining claim-free shells. Corporate vehicles of defrauding investors and they have now officially released a PR saying something to the tune of "We have totally lied before, but please believe us this time" Albeit worded a little better.
So what filings or documented assets make you believe either of these companies have any true valuable assets worthy of investment?
As far as I can tell, people here are just making the conjecture that this $250m deal is going to fall out of the sky from Mr.Roboto's magic pockets, and just fall in to ours because FFGO has released a PR saying it will. (Which, has already, by the way, gone past it's deadline! I can't imagine why we haven't heard anything.)
So what part of these fraudulent, economically delinquent farcemonger's stories is it that you guys believe to be so credible?
And what assets or cash does NMGL have to compensate you, theoretically, for those shares?
I don't see or believe in any such sizable assets. To be honest, my own personal 10 year IOU has more clout than a 10 year investment in FFGO.
It's a bloody sinkhole!
Well, it's hard to justify selling once you've held it down over 50%.
Hell, I've been hard justifying selling at losses smaller than that.
One thing is for sure, senior secured lienholders want, and will get. If CPRKQ cannot produce, which I think we can all agree there's been a bad track record of, then whatever potentials there are will mean nothing.
It's like choosing the STD you get from having dirty street sex... if you're still stuck with it, the choice doesn't make it much better. It'd be better if people were responsible before, so you don't have to worry about protecting yourself, or choosing from the least worse of situations.
As far as I can tell, the only thing determining our odds now, is CPRK's true physical potential, as assessed by someone capable and knowledgable in this field, and the will of those at the head of the line.
I think with the recent numbers, all of them; well, let me list a few and again hear what bounces off ya :
Unemp. #s
state unemp, california budget, local and muni risks. Sec charged new jersey for some muni fraud recently.
Japan going into QE2
EU CDS spike -- ECB just blew $1t us, and they're now looking at QE2
Fed minutes showed they're going to pump more money in again if it gets worse (maybe get some money to businesses and consumers instead of big blank checks to the banks ) and they're rolling 250b in maturing treasuries into more 10 and 30 year treasuries. For those times I Feel like believing the dollar collapse theory, it does always make sense that you'd go off the deep end on the long end, before the game was up.
Bond market signalling big - 10 year was at 2.57!
HAMP loan mods since july (1.4m total) -- nearly 50% dropped out by august.
Philly fed index hit a real ugly low
Those combined... I see some corporates coming back, but the consumer, almost everywhere, is just horribly bleeding out with no help in sight. And even the corporates; if they're not goldman sachs or JPmorgan, with blahblah perfect trading days and cash galore, a lot of companies are stressing to meet bottom line revenue and projected eps, etc.
What happens when the worse times come back again, and we're back to falling off the cliff? But this time we're just hampered with more... ... and the consumer is even worse off, and consuming less? :X
Intel buying up mcafee was crazy -- nice 50% premium to shareholders at the time.
China selling ~10% of their treasury holdings over the past 2 months
Gah, I just got home and it's 2:30 am, dying for some sleep! Took me a couple revisions to add in as much stuff as I could to justify my thoughts. Look forward to your opinion!
??? What are you doing with your shares, James? What do you think it'll do from here?
Obama -- I follow and definitely appreciate your technical analysis; have to ask though, how do you see it getting to +11000?
I personally dont see us hitting that, unless it's the very end of an exhaustion up in to a rather ugly period.
Do you follow Bill Mclaren? Does a tech analysis on elliot wave and gann / time cycle stuff, seems to have a record of being extremely accurate and to a point in time and price range. Does every other thursday on Squawk Europe.
Would be very interested to hear what you think. From one mind to another
Actually looks like we're still in the grave at .0001.
How's all that fantasy of living, while you're actually doing nothing, dead, 6 feet under?
Must feel nice! Unfortunately, like drugs, feel nice is about all it is right now.
There is a good chance something significant has happened recently.
CPRKQ Mantra.
Moral: We never know what it is until after, and it's probably not good.
It's over when the fat lady sings, and until I hear that note, I'm not even giving one damn thought to this being "Resolved" or "Cleared up" or "Having a good significant event sometime soon"
I'll know it when I see it, and untill then, all I see is us, still in the same waterlogged, sinking, shabby ass boat.
It really doesn't do justice at all to be dignifying it as a possibility. Have we learned nothing so far from believing what's obviously too-good-sounding to be real?
Really?
.... REALLY??
If from all of that, I had one question off the bat, it's what the HELL are we going to do for the 12 operating non-cash-positive months, as far as funding operations? What contingency plan is there that if things get worse, we're still in a position to sucessfully recover and continue mining?
Such a lengthy figure, after what we were fed in the past matter of months, and before the BK.
I don't feel very much out of the woods at all, Chuck.
And I certainly wouldn't be talking about "Being afraid to be a shorter"
Honestly, CPRK has made me more afraid to be a shareholder, even to this point, than a shorter.
Calling moves for or against shorters is really just playing emotional sides at this point.
And regardless of the short volume, the time of day, the currently reining CEO, the president of the USA, or how many times I may have farted sideways on an odd tuesday,
FFGO remains a complete fraud, incapable of proving valued assets, or non-fraudulent MA activity / deals.
Everything they have ever said has amounted to defrauding investors, and pure hot air.
I cannot imagine what part of their constant lies is reassuring to any current investor about the safety of FFGO.
Edit: If anyone can post their log of that trade.... I am NOT seeing it on TDAmeritrade.
All the words in the world will not make this post anything above .0002.
FFGO is a comletely fraudulent commercial entity.
Anyone who believes to the contrary ... I'll be waiting to be proven wrong.
You are openly choosing to believe blatant lies, then.
FFGO has undisputably lied before.
FFGO [in your quoted statement] ACTUALLY RELEASED A PR, SAYING "We have lied in the past, please ignore all that and believe us this time" (Albeit more deceiving and "nice" sounding in their wording.)
FFGO has no provable, valued assets to sell.
FFGO is a shell, a commercial vehicle built, and whose sole purpose is to defraud it's investors, by making them believe these blatant lies, and sticking them with the sloppy -- whatever the hell is left. (And given FFGO is starting with nothing of value, that doesn't leave much.)
I cannot see how anyone would listen to the word of proven, historic LIARS.
I was really, really hoping it might have it this time.
Now I'll be shocked if we hold .03, through monday. I surely hope we get some action here -- just can't jump in when the SRSR legs are this weak. Scott needs to tow the line....
As you can see, I was hesitant at that point; as another poster said, I sold when I didn't want to, but saw this beginning to fall apart.
Certainly a company I'll watch, but I cannot be fed garbage and told it's surf and turf. I have a tongue for gods sake.
Amen... see my previous post. Couldn't have put it better.
Sure am glad I got out >.01. Once you start being put in the dark and given no info .....
For all the impressive talk about CEO, etc... I'm not sold yet.
Complete hot air. Falacy. Backed up by nothing by suspicions and self-generated pontification.
It will not happen.
Still want to hear how FFGO is the one being scammed here, and where our magical $250m out of the sky is.
People told me it was coming!
Mhhhm.
And for how long must I wait for the company-promised CASH DIVIDEND???
Deal's supposed to be closed, assets moved and allocated.
What's going on???
Okay Vianna!
You said the deal was coming, I said I'd wait!
Here I am, and here you are!
Where's FFGO????
Good to see CPRKQ running full steam.
On it's usual fuel -- hopes and dreams.
Means nothing in regards to FFGO.
A trade is a trade.
A scam is a scam.
This is still a scam, and that trade was still a trade.
One trade doesn't change a company. Or it's bloated, fraudulent, miscommunicative share structure.
Bingo!
Edit: Aww, last post.
Catch ya Fire Lane, and good luck to you too. Be back when I've got moar posts... :)
What owner of those shares would have sold, or MM would have given them up, if they also knew they were worth so much in a week or so?
And I'm sure that the ones who just made 100% couldn't refute a single thing I've said about FFGO that has still yet to be resolved.
Just like you can't.
Caveat Emptor Irrelevant:
Only if your policy is letting risk go to the wind.
And leaving your equity in the hands of someone that has been labeled a "Caveat Emptor"
Defined as: "a commercial principle that without a warranty the buyer takes upon himself the risk of quality"
Doesn't sound like "On top of everything" or "Protecting it's shareholders" to me at all!