THE ALL-Knowing SGCP TRUTH TELLER!
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I did my best to warn everyone to take a profit while this stock had a mysterious MM buying and selling it up last week.
Catching a falling sword? This stock is no longer being bought up for a final selloff., that happened friday. Without that buyer to keep that artificial uptrend, the stock is dropping fast.
Pro-Truck 14, this-is a troubling report on SGCP, if true most of this would be very worriesome to a long investor, or for that matter any investor in SGCP.
Well, how far will SGCP stock plummet today?I believe there are no MM's seeking to drop the stock. This is all a few longs who are intelligently dumping to preserve capital in case when/if the company comes out again with a horrible report.
I wonder who will sell now to buy later at a lower cost? A smart investor sells when everything is unsure about what that report will be. The company has deliberately held back saying when it will release the report. In any event, when the bad news breaks, it will be to late to sell above .0015.
ANOTHER-Sell, How bad will it get this week and what will be the bottom if the company comes out with bad news?
Not-time for me to-buy now while-panicking SGCP investors are getting ready to sell. I might get in at .0016. oh, wait.. i don't want to be holding stock when the bad news might come out anytime now. No more buying of SGCP for me.
Another drop in the SGCP stock and it will have fallen through the chart above.
RE: The production tests were not good, even the company admitted that saying ..What was it 270, or 170 were not good numbers.
Sgcp trying to find a new bottom, just dropped through my MM prop i had it on last week.
Dropped in another sell down just a few minutes ago, The stock could not hold up after i sold out friday and stopped buying.
Massive sell off on SGCP just happened again.
My-expectation is that stock will go-back to .0009 after the bad pr news.
Another big sell trade just went through, SGCP is going down,
I don't want to lose money on SGCP as it seems to me to be tottering into bankrupcy. I want the quick buck,
I would not bet it is.
It will keep SGCP going along for the CEO and allow him to buy more land in SL. The current stockholders, well you already own a worthless company, it matters not if 99% of your shares get reversed and then those you have left get diluted.
Are-the-farms staying with john if/when SGCP goes bankrupt? I wonder if a USA bankruptcy court can seize SL land properties overseas?
Reverse stock split on the way. I don't believe SGCP can continue to keep floating more and more shares without first wiping out the number of shares shareholders have. As soon as they do that they can begin diluting again.
I don't invest to help people, i want a ROI. I MM'd the stock and made money, IMO this company will never send a cent to anyone in ROI.
Sierra gold has returned on investment? When? They gave out a dividend? I don't see it in the history of this company that it has a ROI.
Just found the answer! The answer is that once the creditors are paid off, then the preferred stockholders get paid off, the common stock holders get the rest! Yeah, so that would mean a common stock holder would maybe get paid back in full! And then again, more probably get nothing if the company is insolvent.
I believe-from reading sierra balance sheets-company will bankrupt itself soon.
RE: "Quote:
------------------------------------------------------------------When full operations commence (all 4 dredges), it is expected that the equipment will process 125 tons per hour on a conservative basis for the 180-200 days season, giving Sierra Gold a strong financial year."
------------------------------------------------------------------
Well i would truly take this to the bank, until i noticed that one word in the quote, "Expected". Just made me go, Whoa there now, that is one of those "we believe" safe harbor words that financial statements put in there to exclude suing for shareholder damages when the company fails.
What-happens to-all the common-share-investors in a bankrupcy liquidation, like say if Sierra Gold Corp did? Do they recover the money they invested in a company? What do they get?
In a Sierra bankruptcy liquidation, Who-owns preferred shares, the CEO? He would somehow be in a very well off position by owning the farms in SL if the gold company dissolves in bankruptcy in wyoming.
I don't believe US courts would have jurisdiction over SL land titles.
I'm wondering if the farms are severable from the sierra gold corp in the advent of bankruptcy. Are the farms part of any liquidation or are they shielded somehow from creditors and remain with the CEO upon Sierra's liquidation? I believe it would be virtually impossible for a recovery of the value of the farms in any liquidation of sierra in the US courts.
I believe a reverse-1for100 stock split followed closely by Sierra gold corp floating shares will be the announcement in march. As far as the pictures go, we have no idea where/when those pictures were taken. The rice pic could have been taken 40 years ago in the Mekong delta.
Reverse100-1 stock split and then Sierra floats tens-of-millions of shares by Sierra in the future 9 months?
Such a scenerio possibly in the offing if sierra cannot sell the current float they have out there.
shareholder equity on paper seems greater to the market as a whole by consolidating and thus creating the means to dilute shares in the future while increasing company cash on hand.
Company cash then finds itself being passed along to the CEO in benefits package.
Wow! I'm staying away from this company. A CEO who has never turned a profit quarter with multiple companies? This company is doomed.
I think that makes a current stockholders shares worth less if one thinks of more pie slices in a company?
Now..maybe i will still follow this board for a while. Not playing the stock under the table any more but to see what happens without my propping up the price with buys/then selling as more buyers see an uptrend. Whats going to happen, how long can the trend run on its own. Might pay off to see if i closed shop before needed, tho i will always play the percentages of baby steps stock buying/selling %'s being better than longs.
BTW, thank you b4atf, i followed you here from the main question board and noticed the potential for my area of expertise on the SGCP stock.
And all it took was for me to come over here and inform how stocks can be made to go up. But now it is time for me to go, i made some money from .0017 to .0025, Good luck guys, i'm thru with this stock adventure. Stay active buying and maybe without my help, the stock could even go up again.
Watching a company die(SGCP) while it bleeds investors is a terrible thing.
SGCP selling their Gold leases? First step to invite dredges from others and then sell off as the company is unable to maintain operations with no cash reserves. Other option is to Dilute shares again.
I could-not believe SGCP if they-said it-was sunny-out, I'd need to look myself. All this talk of buying dredges and ramping up mining production coming from the SGCP, this after they were legally obligated to inform investors they have ziltch in reserve,C'mon less than 80 USD left and they can ramp up!!!
MY read on SGCP is an unsustainable set of MM's artificial stock buys that is happening without any except not believable company news since the last horrific balance sheet accounting from the company. Any stockholder should be Selling because when the company finally releases the bad news in late march, 100 share stock certificates are going to be worth much less than a single tissue paper.
That is the principle he has settled on.
Looks like the sellers are selling, the MM's are selling off! Don't worry, they will buy again in the next 20 minutes on something like a 10.77 share volume limit buy for the last buy of the day.