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Expect the auditors of BGL to require a write-down or complete write-off of BGL's supposed "investment" in Cinco Minas. Their auditors are not going to let this nonsense continue imo.
Looking forward to a MSJ/SRGE update on Cinco Minas and other properties!
Ted Blom, Ronald Lowenthal, Jack Reybold and Barry Stein have incredible backgrounds. I am putting my faith in their knowledge about how to get this share structure more beneficial to stockholders.
All four of these men are extremely experienced in this area and they are clearly working on a long-term plan....to bring value to stockholders....imo
EasyT, you must have missed the announcement on the proposed share repurchase.
Herb1, I hope you are right about a buyback. There are too many damn shares out there right now.
I think we blow blow past a penny to at least $.02 when we get a website/news launch!
Hi GOOR, great reading your posts..from Belgium...it really is the world wide web. You have a very healthy number of shares and I hope you and all of us do well here.
Really is nothing to do here except wait if you are hoping for a nice sized payoff. If anyone is hoping to flip this back and forth to make a few bucks...good luck with that.
We will hear something at some point...way too much activity here for it to just die out again.
getthebucks, you are right on! This is 12/31/13...before the Reverse Merger...There are two positive things we can take from this filing (and they are probably the reason that this was chosen by pot-network as the company to do a reverse merger with......)
1. They put together a financial statement (such as it is...I think they need a new typist...lol)
2. Not that much debt on the Company's books.
Am I the only one that is still waiting for the Spin-off info for the Financial Trading business? lol
Your proceeds were $500.00 then (2.5 million at $.0002). I think 2.5 million shares is going to be worth a lot more than that in the very near future.
Obviously, you don't....or you would have held.
So, my point is, don't feel sorry for the guy who picked up your shares. I think he/she is going to do just fine.
I tried to send him an E-mail a couple of months ago...but his E-Mail address bounced back to me.
A new life sounds good to me....whether it be Marijuana, security (Hitech One?), or selling cupcakes. Anything beats doing nothing.
Is Mike Cimino still on the scene? Or is he supposed to stay clear of this (and other?) business(es)?
Yes it does...but would be more fun if SSTY would come back to life!
As soon as the site is up and running....this thing blows by 1 cent and goes quickly into multiple cents!
Man, we will probably get past 1 cent even before the site is up....lol
Yes, very resilient today. When company's site is up and running....I would not want to be standing in front of the door to let people in.....you will be trampled!!
Last trading activity was Feb 28th, one month ago.
I altered my plan...I bought more...in the 6's.
I had most of my shares in the low 2's ($.0022)...and said I wouldn't buy any more.
I don't think we will see these levels again...I could be wrong, but that's why I bought.
The word "revenue" keeps popping up in the updates! Looking very good imo!
Nice volume today...1.5 Million at $.0004
It may go green because of REVENUES!!!!!!!!!!!!
This was an unforced error by Chris S. There was no reason to give a set date for the website launch. All he had to say was: 'approximately 6 weeks...we will keep you informed'.
He's not the only one to make this mistake. I've seen it time and time again with other CEO's.......you really want to be a little bit vague to give yourself some wiggle room.
Because....if you don't hit the date (even for very legitimate reasons).....some start calling you misleading, a liar, etc.
I'm very impressed with the stockholders here. Most seem to be holding and not panicking over the delay in the Website.
bulls9999, you are exactly right! Nice problem to have (website can't keep up with REVENUE negotiations), isn't it?
We may have two "problems" with the website. The deal that was just executed for the Insurance Quotes and the other deals "currently under negotiation" may require changes to the planned website.
This is all very fluid....and very exciting imo.
I bought in the low $.002's...and even had a small number of shares before the merger...So, I'm not caring whether it's $.003 or $.03 tomorrow. I'm holding long-term with a pps in mind to exit at.
Dude, He's working. He's putting out PR's etc. He has an IR firm to handle inquiries. It's not his job to respond to stockholders all day.....it's his job to get this company up and running. And I think he's doing a fabulous job so far!!
Extensive research was done by Solar Man 777, heavy d & AHKT456 last month (hope I'm not forgetting anyone) when volume started up after virtually no activity for months and months.
They could not find any reason for the volume.
Since that time, volume has increased and increased and we have very slowly gone from $.0001 to $.0003 and traded within that range.
Very strange.
Don't seem to be in any business endeavors any longer...so there is speculation that they are a shell company that may be attractive in a reverse merger.
I've been there (working all night)...we all have....Order the Pizza!!!!
He will probably be up all night. He said they had all been putting in long hours.
I was thinking the same thing. If it is delayed, we will get a Tweet or something. Or a FaceBook post. It's really not a big deal. (and let those who think it is a big deal sell their shares so others can gobble them up)
These things take time to come together. Anybody who has run or started a business themselves can understand that.
AntiOne, I was thinking the same thing. People are so focused on the Website launch, they did not grasp how big today's PR is about the Insurance.
One other thing, this is unlike other Penny Stocks I have invested in. I've actually heard of the Insurance company they are going to deal with.
It seems like my other penny stocks are getting loans from companies I've never heard of...or getting Joint Ventures with another company I've never heard of....but this is a legitimate company UTRM is dealing with.
I agree. The only thing we can be certain of (at least 95% certain in my mind) is that something is going to happen here!
Way too many shares traded for there to be nothing to this.
It will probably launch just fine tomorrow. Obviously, they are cranking away as we post to try to make sure it does. It is only 4:43pm Calif time.
You guys have to give us West Coast guys a break. I sit down at my computer at 8:00a.m...and the market has already been cooking for 90 minutes....lol
Wow......I hope we don't get a website launch for another 10 days....there are so many nervous nellies that will sell...I'll pick up some more shares.
I'd rather they take their time and get it right...instead of being like that U.S. Govt. Healthcare website debacle.
JBZ, if you post this same post every day....you'll be right one of these days imo.....lol. Just giving you a hard time.
This is a weird one. No news. Nothing. We (just a handful of us at the start) saw this start to come alive and it has been trading like a motha ever since.
Who knows? Not me.....and I can't even buy more if I wanted to thanks to my friends at TDAmeritrade!
outnabout, you mean that you bought the $.0003's last month? If so, why did you buy? (if you don't mind me asking)
"you go first!"...lol....I was afraid you were going to say that!
The filing of the Annual Report by BGL will give us an indication of how their Independent Audit staff is going to handle the Cinco Minas "investment" on their books.
If the Accountants believe that BGL does not have a good legal standing on the Cinco Minas property, they will want to make a provision to write-down the approximately $10,000,000 on BGL's books for their "investment" in Cinco Minas.
How does that affect SRGE? Well, if the auditors don't think an asset should be on BGL's books for this property.....then it strengthens the likelihood that ownership belongs to MSJ/SRGE.
That's why the BGL Annual filing is important to SRGE. It gives us independent information about who owns Cinco Minas.
Maybe we should all buy 40 or 50 Million shares each....lol. That may get us on the radar!
There seems to be a lot of excitement when there are NO trades too....lol.
Keep your eye on this one; News could happen anytime imo. Still waiting to see how BGL handles their "investment" in Cinco Minas on their Annual Report....not looking good for BGL at this time imo.
outnabout, I was wondering the same. If somebody were just teasing us with the volume last month......it was kind of an expensive tease...lol.
So, something may be up...but there certainly appears to be no urgency at this time.
num1inv, Excellent buys imo. News to come!