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Very nice assessment. I believe more in a channel somewhere in between your short and longer term depictions though. I figure we see somewhere between $0.20-$0.25 again before we see above $0.40, but that is just my guess. We are setting up nicely for a run though. All we need now is to get this mine into full or partial product and start to generate some revenues from deposits. Based on previuos timeline revision I believe that we still have some time before the breakout. Several milestones still need to be met in order to build momentum.
Holding steady. Very good start to the week. Should be some type of news out this week to continue this momentum. Or perhaps accumulation will support us enough. With news we break the $0.01 point. IMO.
I completely agree with the stronger hands belief. There were a bunch of investors that got in back at $0.035, so that is why we are sitting at $0.007. They doubled and jumped ship. There are more who got in at $0.004 so we will see similar resistance at $0.008. BUT I believe that everyone in after that and even some of those will not give any up for less then $0.01. So once those that got in at $0.0035 are out of the way we should head to $0.01 in a hurry. Awhile back I had a post about the value of LFWK and I came up with $0.02 as a decent target. Now with the upcoming funding/merger we might need to re-evaluate that figure. Perhaps $0.03 or maybe up to $0.05 depending on the details behind the "up to seven" new projects. Good potential on the horizon. The more info Dennis gives us the more momentum we will gain. I'm sure additional investors are still on the sidelines looking for more information before they jump in for the ride. We are due for a PR early next week. That alone should mean a late day push. You want to hold this one over the weekend. IMO.
Very strong day. I'm still holding though for bluer skies. I too believe we should see north of $0.01 with the funding, completion of projects and merger. This one is still really unknown to many. Today we had a few bigger fish join the party which is just a sign of better things to come. Hopefully more of the same tomorrow and the rest of the week. I'm not so sure we will jump over $0.01 by the end of the week though. That will depend on positive news that we are all waiting for. Don't give them up too cheap boyz.
Hey Dreaminofsailin, welcome aboard. Unfortunately I have not spoken to anyone in the company yet. I have just gotten into the mining stocks and I have been focusing on understanding the current techological capabilities and weighing them against the mining claims of certain companies. The Bates-Hunter Mine intrigued me so I dug deeper and figured that there is a pretty good potential for success there. So I waited for what I thought was the right price and bought in around $0.18. I missed the last dip to $0.14 to buy some more and the other day I sold some when it ran to $0.37. I thought it might pull back to $0.25 but we are forming a nice base here at $0.30. So I might get back what I sold at this level.
I live about an hour and a half to two hours away from the site. So when the weather gets nicer I will try to contact the company on a regular basis trying to get a tour or at least meet with some of the staff. So basically I don't know any more facts then you do, but I can take some educated quesses.
If you take a look at the map of the mine you will see some tunnels that seem to just end with an opening. I believe those to be unknowns and therefore it is difficult to figure out how much water they really have to pump out of there. A big company would probably pay some daring divers some big bucks to dive in there with lights and map out the entire mine, but I don't think Wits Basin can afford to do that. Another possibility might be a funding issue. Perhaps they could not secure the funding for the higher powered pump that they previously spoke about. We could still be opporating on the older smaller pump which will take twice as long. Perhaps in an effort to keep costs down they have not hired additional employees to focus on the dewatering during testing days so only one thing can be performed at a time. I just don't know. I am a little worried though that the ground water will soon increase as the snow beings to melt so if we don't crank it up we will just be treading water.
Of course I am taking a positive look at things. There is always the possibility of negative implications as well. For all we know they may have broken the pump and are awaiting parts or they are trying to raise the funds to get a new or better pump. I do believe that once we hit the level that says pump house in the shaft that we can put another pump down there to speed things up and pump water easier. Like I said I am still relatively new to this industry so I am speculating.
As far as it reaching $2, well only time will tell. I was just looking at El Capitan Precious Metals and what they have done recently. Keep in mind that they just doubled their total claimed area from 5000 acres to 10000 acres. Wits Basin doesn't own quite that much land but is sitting on a great deal of prime ore in Bates-Hunter and the adjoining mine.
My initial guess is that Dennis raised the Authorized so that he would have enough shares to implement a merger if one arrises. Consolidation in this business is a powerful thing. Dennis has some great ties to influential people in Detriot and Nashville and perhaps we can merge with another tiny company with influence in another high growth city. That could provide for additional funding and additional projects. We are poised for such a move right now. I guess there is also the theory that Dennis may just now be buying back some of those shares that he talked about long long ago. Imagine how many shares he could get back with $100,000 at these levels. And imagine what that could do to the price. While it sounds great I don't believe that is the case.
Does this stock have a pulse now? EOM
Looks like anticpation buying here. We are all aware of the funding PR that is just around the corner. Following the funding announcement I believe Dennis may throw us a bone concerning the direction of the company's projects. February may turn out to be a very interesting month.
Looks like we are finally getting the pps and volume we deserve. Just strange that this comes without any additional news. Could this mean that someone knows something that we don't? I just can't wait for this spring when I will go visit the site. Hopefully by then the dewatering will be even further along. This could also be Mottley buying a significant chunk. If he is coming aboard to help Wits take off then I'm sure he will want to benefit from the share price appreciation as well.
Sorry I have been busy lately. Mottley brings a great deal of experience to the company. Just three months ago his company, El Capitan Precious Metals, Inc, was trading at the same level as Wits Basin with about the same share structure. Today the stock is trading well over $2 a share. That is the same potential that Wits Basin holds right now. The Bates-Hunter Mine property contains two mines that have access to two different veins. Only the first one is under development at this time. As soon as the dewatering process completes further studies will most likely show higher grades of ore around the 630 foot depth. The dewatering process should speed up from the 150 to 300 foot level as there does not appear to be a great deal of chutes or stopes in that region. The shaft begins to enter the main vein around the 450 foot level. At the 361 foot level there is a pump station, but I'm not sure to what extent that will speed up the process even if the station can be put into operation.
Wits Basin PR
Wits Basin Engages CEO of El Capitan Precious Metals to Guide Colorado Development
THURSDAY, JANUARY 19, 2006 7:30 AM
- BusinessWire
MINNEAPOLIS, Jan 19, 2006 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) has signed a consulting agreement with Chuck Mottley to assist in the focused exploration and development of the Bates-Hunter Gold Mine in Colorado. He currently serves as CEO of El Capitan Precious Metals, Inc (ECPN) and brings with him a breadth of expertise that we at Wits Basin feel will assist us in many aspects of our business.
In 2005, the National Mining Association ("NMA") held their annual meeting in Washington, D.C. and elected Mr. Mottley to its Board of Directors. The NMA is the voice of the American mining industry and the only national trade organization that represents the interests of mining before Congress, the Administration, federal agencies, the judiciary and the media.
Vance White, CEO of Wits Basin stated, "This addition to our team only strengthens our ability to oversee this historic project." White continued, "People like Chuck are difficult to find and we are very fortunate to be able to utilize his guidance."
The Bates-Hunter Gold Mine
The Bates vein, in the area of the Bates-Hunter Gold Mine, was the second lode discovered in Colorado and helped spark the great Colorado gold rush of the mid 1800's. We believe that up to nine principal veins underlie and are now controlled by the Bates-Hunter property. These veins have historically produced approximately 750,000 ounces of gold to about 600 feet average depth below surface or in excess of 1,000 ounces per vertical foot in the immediate vicinity of the Bates-Hunter Gold Mine which was closed in 1936. At that time, the mine shaft was approximately 800 feet deep and we believe that ore recovery beyond that depth is possible. Historical and current geological assessments show potential for the Bates-Hunter controlled veins to extend downward beyond their current 800 foot maximum depth. Other comparative mines in the area reached depths in excess of 2,200 feet and were still in ore at the time of closure.
Is there a possibility that HISC wouldn't need an export license if they are selling the CYBERTRACKER through IMX (Implant Scieces) in conjuntion with their QUANTUM SNIFFER? IMX has had overseas sales already indicating that they must already have the export license. HISC could generate sales through IMX until they are capable of securing their own license.
Wits Basin PR
Wits Basin Receives Further Extension to Purchase the Bates-Hunter Gold Mine
WEDNESDAY, JANUARY 18, 2006 7:15 AM
- BusinessWire
MINNEAPOLIS, Jan 18, 2006 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) holds an option to purchase certain assets of the Hunter Gold Mining Corporation (a corporation incorporated under the laws of British Columbia, Canada), including the Bates-Hunter Gold Mine and the Golden Gilpin Mill located in Central City, Colorado. Wits Basin had until December 31, 2005 to complete certain obligations required in maintaining its rights under the option. Wits Basin received additional requirements from Hunter Gold Mining Corporation in order to maintain its rights under the option and allow for uninterrupted continuity of its rights held as of December 31, 2005. The Company has executed an amendment to the option and has received an extension until November 30, 2006 in order to make its purchase and furthermore agreed that the purchase price will be denominated in Canadian Dollars, with a stated purchase price of Cdn$4.6 million.
Additional Samples and Continued Rehabilitation
Additional samples have been taken and are in route to the assay lab for analysis. The samples are from the surface and from the 130 foot sublevel (both needed for continued development of the 3-D vein mapping). The Company expects sample results within the next few weeks. De-watering continues past the 162 foot mark, which should allow for inspection of the 151 foot drifts. The inspection of both the east and west drifts will proceed once the old workings are deemed safe by the engineers.
Pretty strong close to trading today. Looks like almost half of the daily volume came in the last 45 minutes of trading. Walked it all the way from $0.19 to $0.199. Hopefully news is just around the corner. We need to get back to $0.25 and build a base there. Then when the full scale operation kicks in we can run again. Price of gold still holding steady around 555 and testing the 560 level. WITM looks undervalued based on expectations of ore from the Bater Hunter mine.
Just wondering...the new round of funding will pay for future real estate projects. Therefore all funds raised through the 504 have been used to pay for the Loftwize show and normal everyday operating expenses. So what do we stand to lose if the Loftwize show gets rejected by all of the networks? I guess we could still move forward with the loft furniture line and focus on that niche market for additional revenues. I think it may be safe to say that if the Loftwize show does not launch before the closing of the 504 then that will be a lost cause. If Dennis tries to continue on with that project after the 504 then the company would need to take on additional debt. If that happens I am gone for sure. Until then I am holding strong and awaiting Dennis' words of wisdom.
Looks like we will keep working our way down towards $0.001 until Dennis turns off the 504. Who in their right mind wouldn't take the offer to buy at $0.001 and then sell on the open market for $0.002? Shorts were smart to get in at a half a cent and ride the 504 south. But as we approach $0.001 the shorts will cover. I doubt we will ever reach $0.001 based on that theory. I believe the 504 is set to expire before May and by that time all the shorts will have covered. So the more you can accumulate at the lowest price possible from now till then the more profit you will make. The run could start long before that though if Dennis turns off the 504 and the shorts start to sniff the run coming. I won't go as far as to use the "short squeeze" term cause bashers just love to throw that around when a stock doesn't run the next day. Just too many opportunities on the horizon not to at least own a small piece of this one.
Ambrose Project set to close by March. Two new projects set to launch with an international flavor. Loftwize TV show could create an inflow of advertising income as well as opening up the new line of loft furniture. Patience will pay off in this one. Just a matter of time now.
As far as the funding announcement, let's be real. "After the holidays" likely means two weeks of discussions before anything will be finalized. Then if legal needs to look at it there is another week and the finances all have to be in order so there could be another week. So honestly I don't expect much before the end of January but probably more like the begining of February.
Some large orders going through today. Could be a good sign of things to come. Looks like an order of about 80,000 shares moved us from $0.19 to $0.20. A few more orders like that and we will see $0.25 in a hurry.
Hi Heartbeat. Yeh, not much conversation sparking on this one yet. I live in Colorado and hope to visit the site once the weather improves this spring. The simple history of this site coupled with innovation in mining technology since the mine was closed makes this a great play. As far as an entry point we have traded below $0.15 recently so if you want to be really patient you might pick up some shares at $0.14 to $0.13, but if you want to be sure to get it then $0.15 is good. I plan to accumulate below $0.15 as well. GLTY.
OT: Might want to check out WITM if you are interested in mining stocks. Bates-Hunter Mine in Colorado has huge potential and the site is moving forward with dewatering and revitalization efforts. Should begin to produce by mid year. Based on the most recent PR the company anticipates $0.25 revenue per share from this project alone. The company has some small interest in other mines in Canada and South Africa but none of these hold the potential of Colorado at this time. I started a board on iHub to post the PR's and hopefully spark some conversation. If you are interested please drop a line over there and let me know what you think (good or bad). Thanks.
Wits Basin PR
Wits Basin's Colorado Pumps Running 24/7!; Permits in Place to Mine up to 70,000 Tons Per Year
THURSDAY, JANUARY 05, 2006 7:15 AM
- BusinessWire
MINNEAPOLIS, Jan 05, 2006 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) has pumped past the third level and is now running a 24 hour seven day per week operation at the Bates-Hunter Project. Work crews continue the ever important de-watering and rehabilitation work in order to progress to production. With this new development, our ability to process additional assays and to drill sample sections to block out possible resources is enhanced.
Permits in place to mine up to 70,000 tons per year
Quoting from the O'Gorman report regarding the mining permits, "The Bates-Hunter Project lands within the City Limits are generally zoned for mining or industrial use. The Mine and Mill Permit status was investigated at the Colorado Department of Geology in Denver. Permit M-1990-41 covers the Bates-Hunter Mine and the Golden Gilpin Mill and is in good standing."
Vance White, CEO states, "This project has always shown great technical merit and with the tremendous amounts of historical data, we believe in both rich and significant amounts of gold possible. We look forward to the progress of additional assay reports and progress toward sample drilling and ever deeper rehabilitation."
The amount of gold mined from 70,000 tons will be dependant on the grade of ore recoverable. Based on today's price of gold, if a grade of 0.5 oz. per ton can be sustained, the annual gross revenue derived from this would be approximately equal 25 cents per share.
Prior information released concerning estimated gold amounts
Quoting further from the O'Gorman Report, regarding grades of ore and size it is stated, "Using a grade of 0.58 oz. Au/ton over a minimum thickness of 5 feet based on historic records, it is estimated that the Bates vein alone represents an exploration target that could host approximately 1.1 million ounces of gold to a depth of 2,400 feet. The strike lengths of the Vasa Levitt, Gettysburg and the six other veins covered by the project claims could increase this potential by a factor of two to ten."
Happy New Years to all of you. Unfortunately it is back to work time for me. I don't know where we stand on the share count here on iHub but put me down for 450,000 shares. I'm looking for more at $0.002 but based on previous posts I might never get filled. I'd like to end up with about a mil, but obviously still have some work to do. I think January will be a very interesting month for LFWK. I believe that the news of the financing will come through as well as updates on all of the different projects. I believe we will have more details on the LoftWise show as well. IMO, we will see a PR about a move to the OTCBB later on this year, but first we needs completed audits and maybe a filing.
IMO we saw some short covering in late September and then when it started to go south again some additional short positions were reopened. Any covering over the past few months has been done slowly so as to not cause a run on the price. If some shorts panic then we will see a huge run. Until then I think they are a nonfactor. The only effect is the higher float then there should be. I'm sticking to my opinion that there are about 100 million outstanding shares.
I expect things to be this way the rest of the year. I personally am still at work but when I look around all the cubes seem like a ghost town. Funds are flowing into holiday presents and not so much into stocks. No profit taking in this one just tax write-off effects kicking in. IMO those that continue to accumulate into January will reap the benefits. I expect to trade sideways for the next few weeks. After the New Years Dennis and company will meet with their finance folks and hash out terms. With the legalities involved though don't expect to see much until mid to late January as far as completion of the deal. This has got to be a slow season for loft sales as well. Very few people move into new locations until mid January. So, I recommend that if you are not a patient person then unhook your internet and watch television or get out and enjoy life for a few weeks. If you are patient then continue to accumulate more and more at lower pps. IMO anyone that can get in at $0.002 will have an easy three bagger at least in January. One can clearly see that the trend lines shifted directions on or about Dec 1st. Good things are coming to those who wait. I will check back here every few days to see what the buzz is and check my purchase orders. Have a happy holiday season and enjoy the new years in as safe a way as possible. I am looking forward to 2006.
Next chunk for me will be at $0.002. GLTY.
Just looking at the charts it sure looks like Dec 1st was our turning point from the bottom. Shortly after that we turned north in volume and the moving averages are adjusting nicely. Ok, so maybe we painted the close today but a few more of those and we will be cooking. I just hope we keep up the 10+ million volume range for a few days.
My bet is still that you can just about chop the volume in half to determine the real volume that past few days. Since we could be looking at 10-20% of the float trading in a single day that would be anywhere from 55 million to 110 million shares. I believe that there are a few short positions in this one probably to the tune of about 10-20 million shares. I'm sticking to my old estimate of about 100-120 million outstanding shares with most of that in float (float including "closely held shares").
Oh boy, I missed that buying opportunity down around $0.14. Too busy watching LFWK. I don't see how this PR relates to Wits Basin much. It has more to do with Hawk then anything else. Hawk owns a large position in Wits not the other way around. I guess that would explain the recovery from $0.14. I really wanted to make it up there to check out the site and talked to management before buying another block, but at these levels it is pretty irresistable.
Related Wits Basin PR
Hawk Closes on First Tranche of Financing and Initiates Drilling on the Stanley Line Oil and Natural Gas Project in Lambton County Ontario
MONDAY, DECEMBER 19, 2005 1:03 PM
- BusinessWire
TORONTO, Dec 19, 2005 (BUSINESS WIRE) -- Hawk Precious Minerals Inc. (CNQ:HAWK) (the "Company") is pleased to announce that effective December 14, 2005 it has closed on the first tranche of a brokered private placement offering (the "Offering") of (i) 2,819,500 common share units (each consisting of one common share and half a warrant) for gross proceeds of $563,900 including the conversion of $273,900 of shareholder advances and debts (of which $162,500 were advances for the Company's President, H. Vance White) for 1,369,500 common share units; and (ii) 1,560,000 flow -through units (each consisting of one flow-through commmon share and half a warrant) for gross proceeds of $390,000. Each whole warrant is exercisable for one common share at a price of $0.35 per share until June 14, 2007. The Company may hold additional closings until the full Offering of up to 5,000,000 common share units at a price of $0.20 per unit and up to 4,000,000 flow-through units at a price of $0.25 per unit is sold.
The Company intends to use the net proceeds of the Offering to fund the exploration of its Stanley Line Petroleum and Natural Gas Farm-In Project as well as for working capital. The Company will use an amount equal to the aggregate of the gross proceeds from the sale of the flow-through units to incur Canadian Exploration Expenses, which will be renounced to subscribers of the Flow - Through Units. Except for being the focus of the right to have Canadian Exploration Expenses renounced in favour of their holders, the flow-through shares are identical to the common shares.
Dominick & Dominick Securities Inc., Suite 1700, 150 Adelaide Street West, Toronto, Ontario M5H 3L5 is acting as the Company's agent for the Offering on a reasonable efforts basis. For its services, the Agent will receive a commission of 7% of the gross proceeds and an option to acquire a number of common share units equal to 10% of the number of common share units and flow-through units sold under the Offering, exercisable at a price of $0.25 per unit until December 14, 2006.
Stanley Line Petroleum and Natural Gas Farm-In Project
The Company has an option to acquire from TASC Resources Inc. ("TASC") a 75% working interest in TASC's Stanley Line Petroleum and Natural Gas Leases and a 65% interest in the Natural Gas Storage Agreements pursuant to a farm-in agreement with TASC. The prospect is offset by gas production on both the east and the west with significant gas production to the north and south. TASC is the operator of the project. In order to earn its interest, the Corporation must issue 250,000 common shares to TASC and pay $50,000 to TASC (which issuance and payment have been completed), shoot at least 5 km of seismic exploration to complete a 2D seismic investigation, and drill three test-wells over the prospect, within a 12 month period. To date, the Company has issued the shares, made the payments, and has recently completed approximately 7+ kms of 2D seismic exploration on the Stanley Line Farm-in Project. The exploration has been reported to indicate at least four potential exploration targets, one of which has an area of approximately 70 acres. The Company has been advised by TASC that a well drilling permit has been approved and issued and that the drill rig is currently being mobilized. Drilling should commence immediately and is estimated to take approximately 6 weeks to reach its target depth of the Guelph formation (approximately 2400ft). Additional seismic will also be completed in the next few weeks.
About the Company
The company has both direct or option interests in two mineral exploration properties in Ontario, a holding of 3.45 million shares in Wits Basin Precious Minerals Inc. (WITM) , which company is currently funding a mine rehabilitation in Colorado USA and a gold exploration program in South Africa operated by AfriOre Limited, and a holding of 4,000,000 common shares and 2,000,000 warrants of MacDonald Mines Exploration Limited (TSXV:BMK) which company is carrying out an active exploration program in the McFaulds Lake area of the James Bay Lowlands, the site of a new potential VMS base metal play.
CAUTIONARY STATEMENT The CNQ does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Hawk's expectations are exploration risks detailed herein and from time to time in the filings made by Hawk with securities regulators.
Hawk Precious Minerals Inc. (CNQ:HAWK)
SOURCE: Hawk Precious Minerals Inc.
Hawk Precious Minerals Inc.
H. Vance White
President
(416) 214-2250 or (866) 214-9486
OR
Hawk Precious Minerals Inc.
Walter Brooks
Director
(416) 214-2250 or (866) 214-9486
Fax: (416) 367-1954
Copyright Business Wire 2005
Heartbeat...actually the lofts that just sold went for $129,000 and $139,000. Of which LFWK owns a 40% interest.
The Ambrose Project was purchased for $3.5M for building and the initial estimates were for $1.2M for renovation costs. Based on an avergae rent of $4,000 per commerical unit per month annuitized over 20 years I'd say the commercial units are worth at least $1.5M. Rents may be higher since it is in a good location. I'd estimate that about $200,000 of that $1.2M went towards renovation of the general building and commercial units. So my rough calculations put the average cost per loft at about $140,000. Based on PR's and some website information my guess is that the average sales price for the 21 lofts will come in around $160,000. So this project is netting about $20,000 per unit. LFWK 40% comes to about $8,000 per loft. So at the current market rate for LFWK it looks like they would have to sell 62.5 lofts to cover their value (several assumptions included).
So let's see...
Ambrose Project 21 lofts
Doctors Building 50 units
Frankfurt Project 140 single family units
Savannah Project (guess) 50 units
New Orleans (guess) 50 units
TOTAL: 311 units
That means IF LFWK maintains only a 40% interest and can expect the same results out of other projects versus the Ambrose Project then the market is valuing LFWK at about 20% of its potential or less.
5 x $0.003 = $0.015
My guess is that as the company adds additional projects in the future it will seek more of an interest, which means the price is even more undervalued. I'd say a $0.02 target is fair within the next 6 months.
Can someone elaborate on the volume that is listed for LFWK. Since we know this is not an actively traded stock (under 2-11) then could it be assumed that we should cut the listed spread in half as that would likely be the total number of shares which actually traded hands? Like my last order which I got filled at $0.0025 even though I had to wait forever when the stock was "trading" at $0.002. My guess is that the MM are buying any shares that anyone wants to sell at that level and selling them to us at a slightly higher level as their commission. So wouldn't it show a trade of X # of shares eariler and a sale of that same X # later. Just thinking out loud. Please correct me if I am wrong.
Another idea to explain the past few days. The MM probably don't monitor this stock all the time which is why I had my order in for a week before it got filled. Could it be that just in these past two days this stock has hit their screens so now they are letting it trade more freely? If you look closely at the ten day volume chart you will see a pattern that appears to form. Almost like the MM collect bid/asks and execute during three times each day. Any thoughts.
I got some at $0.0025. I'm getting my friends in at this level. Volume preceeds price movement. IMO these are the 504 shares hitting the market. We are just now creating the float. I think MM are finally catching on that this one is ready to trade. We should see more consistent volume for a few weeks as investor interest picks up. Some big fish joining now. We are ready to move. Just don't give them up cheap when it starts to move. It has been said many times when the selling subsides we move north in a hurry.
As far as naked shorting...I can see it at the $0.40 levels, but who in their right mind would open up a shorting position at these levels. Do these stocks often trade below their par value? If not then the best a short can do is about 60% on this one. With the increased volume and PR's of late I can't figure out why one wouldn't cover their short position if they got in early. This one reminds me of IGTN before it took off. IMO $0.02 is just around the corner.
No fills here. Seems like to buy your have to pay $0.003 and to sell you can only get $0.002. Come on MM, meet me in the middle. TIA.
Thanks for posting the PR. I missed that one. Sure wish more people would join this conversation I have been having with myself. Bashers welcome as well. Always looking for items that I may be missing. IMO this one is way undervalued. When we thaw out here in Colorado I plan to make a visit to the site and hopefully talk some shop with the workers and management on site.
rruff, Just wanted to say thanks for this post. Very good stuff, please keep up the good work. Did you say that you posted your top picks for 2006? Just wondering if I could take a look. TIA.
Talk about frustrating. I have had an order in for a week now at $0.0025 yet I can count 6 times in the past five days where the price has dipped to $0.002, yet no fill. I guess it could be that the volume at that level is just not enough to fill me, but I'm betting that the MM want to pocket the $0.0005 difference. Ok, so its only a couple hundred bucks. I guess that is the cost of being a MM.
Ten day average volume is around 7.5 million. That's roughly $22,500 of volume each day (at $0.003). Interest is definitely stiring now. Won't be long now until the action really picks up. I personally know some investors sitting on the sidelines waiting for the funding to become official and more information on the Doctors Building project and Frankfurt project and the Loftwise project.
Only a matter of time. We all know that volume preceeds price movement. Now that we have had volume for a few days we will start to increase investor interest. After that comes MM interest and then comes PPS movmeent. Dennis just needs to keep doing what he is doing for now. The fact that he is not sitting by his computer several hours a day or answering telephones is a good thing. He hasn't put up the money for a PR person yet so we won't know much more then what he tells us in PRs for awhile. Dilution is definitely a factor here but I don't think it is nearly as bad as some might believe. If he is selling 504 shares at par then there is no wonder we keep going back down. Heck if I could buy at $0.001 right now I would probably unload some for $0.0025 or $0.003 as well. I'd hold on to a nice stack though for the run back over $0.01.
Anyone with the nifty charts can you tell me what the MACD looks like over the past week or so? Also the RSI. TIA.
Crossbow, Datatech, Starboy...I'm outta this one on today's run. Good luck if you are holding longer. I have a few better options on my screen right now so I am moving the funds. Didn't quite hit the high of the day on my sell but I am happy. I was only a small fish in this one anyways with my free shares.
Perhaps the bashers got to me, but I'm a little curious why the buying company has not announced themselves yet. Especially with this big contract intact. I'm scared of an all restricted stock divy as well. The whole award and possible photoshop stuff will probably never be proven but it is very curious. My departing suggestion to the company is this...the name of your website appeals to the people placing the ads, but it does not appeal to the buyers of the vehicles or vacations or hotel rooms, etc. I suggest that you buy another domain with a tricky name that will appeal to buyers and then link the two together. So advertisers would plae their ads on www.995ad.com and they would then appear on www.hothotelspots.com and www.buyausedcar.com or something like that. Otherwise I fear that this website will never sprout wings.
Again, good luck to all who are sticking around. And basher, get a real job. LOL, just kidding.
L2 Bid/Ask please. TIA.
Reminder...well the building is 100 years old so I guess mice are a possiblity, but all lofts have a draft, all lofts can hear the sirens outside, most lofts are not located on the first floor so there are stairs, it is downtown Nashville so having a yard is not economical. According to my map there are a couple of parking garages within a few blocks so walking a quarter mile will get you across the Cumberland River or close to the Capital Building. Not sure why they would park that far away but I guess it is possible.
Lots of panic selling today. I'm still showing $0.12 though with a low of $0.09 for the day. I don't think the sky is falling and I think we will see another spike as soon as the divy is announced and the website gets spun off. I'm holding my free shares a little longer.