is investing - trying to not be a proletariat.
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Gonna need steel cojones - this'll move quickly up and down simply because some many shares have been absorbed for the long haul... most of us regulars have been here for over a year + now.
There is no explanation. Ken knew full well what he was doing and he took the gold mine and gave us the shaft. The guy is a crook in my eyes and he is a complete liar when he says that he didn't know there was dilution. WTF kind of answer is that? Obviously he is not incompetent, he is simply a shady thief plain and simple!
Exactly, for the warrants to execute, the share price has to be .10 or .15. Again we are a far cry away from that point currently.
More over, I am of the opinion that it is just another carrot on a stick attempt. But time will tell.
Eitherway the company claims it won't use toxic financing. I guess one should explain the differences...
Toxic financing is when a certain amount of shares are continuously sold at whatever price to maintain either some sort of service or obligation to a third party. Debt spiral financing is what most consider toxic financing. It is a large debt that usually has convertible notes that hit the market at set frequencies. Obviously if the demand is weak this can crush the price per share.
Regardless, the company will HAVE to dilute to finance and continue this supposed j/v and other purposed ideas. But if the share price keeps falling and the company needs money - it will have to dilute and if the demand to buy is as weak as it has been around here as of late... again the companys share price will suffer.
If it becomes too low and they have to sell large blocks of shares to get the money they need... then an r/s could likely occur once the O/S is maxed out.
Time will tell, I've become more and more skeptical of ANY stock anymore and especially any pinky. GDSM to me has been nothing but another pump with the same kind of individuals running around on it.
the initial disclosure statement... but again that was under the old management.
page 3 of 22 and 5 of 22
"7. Any change of control;
Yes. The 758,000,000 common shares (control block) were transferred to Standard Oil Company USA, Inc., a Delaware corporation, from the previous management of International Energy Ltd, Inc. Our Chairman controls the Delaware Corporation that owns the control block."
from my understanding 2/3 of the o/s was restricted but obviously a few things have changed with the new management.
we're still waiting on that REAL update...
Clue to the Axe: You won't attract new investors with that horrible spread... .0012 x .0055!?!?!
Who is gonna bite for that?
No idea. Either that, or it's a shake up again. They have been dragging us a long for what seems like forever now. Just let the price run ffs!!!
Put on your man pants, stuffs about to get real in this place...
Up 77.42% .0055 x .006
$SOCU
Up 35.48% .0042 x .0045
open .0031
low volume - some real demand will be surely - super blue skies.
*!!BREAKOUT ALERT!!* Gold Mining USA *!!BREAKOUT ALERT!!*
Ticker: $SOCU
Open was .0031 x .004, currently it is .0042 x .0065 with the price sitting at .0042.
*!!BREAKOUT ALERT!!* Gold Mining USA *!!BREAKOUT ALERT!!*
Ticker: $SOCU
Moving up quickly today, a lot of blue sky action if the demand comes flooding in.
Open was .0031 x .004, currently it is .0032 x .0065 with the price sitting at .004.
Grab your tickets!!
Whoa, am I seeing this right? It's been a while since we've been above .0031
True enough, but zuckerbooger is a creep through and through.
FB, the big board pnd! /laff
We'll see...
I doubt it though, cause unless money falls from the sky... well in that case let me grab my wheel barrel.
lol riiiiight you're clueless about this security.
.0031 x .0034
about damn time!!
Bid is climbing higher and higher...
bounce time?
Six years ago gold was still soaring towards $650~800. Which is far more expensive then say, four years before that (a total of a decade) where gold was >$400 an oz.
I understand your point in that it was six years ago - but people six years ago KNEW exactly full well what was going to transpire in the securitized markets. I hedged on au/ag physical holdings when silver was $13 an oz and gold was $650. Sure not the bargain basement prices of the 90s, but it was an easy ride up till now.
Lots of new faces obviously trying to get in lower. Better off just setting a bid at .0012 or .0015 and catch. Bashing won't lower the price as this stock is already battered and beaten.
Same reason as your other penny stock.
Thanks, everyone in is already aware.
That's a lie lol.
old news.
Those questions hit too close to reality imo, for him to answer. Of course he will ignore those emails.
His point was since he is not part of the CPG - it lacks credibility.
That's like taking legal advice from someone who is not part of the Bar...
1.6B ??? Good luck moving any of those once this 'does' move, it'll be a dump fest.
Agreed :) FB is going down in flames, as soon as the law suits begin rolling - this thing is cooked.
Nevada Bureau of Mines and Geology Special Publication MI-2006
(this document is embedded on their news section at Gold Mining USAs website.)
http://www.nbmg.unr.edu/dox/mi/06.pdf
Gold Mining USA website.
Looks like a small site is under development..
http://www.goldminingusainc.com/home.html
SOCU Annouces Company Name Change
May 25, 2012
OTC Disclosure & News Service
Currumbin Waters, QL, Australia -
GOLD MINING USA INC. (US Stock Symbol: SOCU) Announces Company Name Change
May 25th 2012
Gold Mining USA Inc.’s, President and CEO Alan Muller and Chairman/Secretary Maurice Byrne would like to formally announce that the company has undergone a name change through FINRA and will no longer be known as Standard Oil Company USA Inc.
Gold Mining USA Inc. (SOCU) will continue trading under the current symbol and will proceed to apply for a new trading symbol in the near future.
Gold Mining USA Inc.’s main focus is now gold exploration. The Company will focus on the acquisition and development of gold and base mineral resource properties throughout the USA and other parts of the world that demonstrate a reasonable probability for near term production.
Mr Alan Muller, Gold Mining USA Inc. Company’s President is quoted as saying, “I would like to take this opportunity to express my excitement regarding the name change and look forward to the future.”
http://www.otcmarkets.com/stock/SOCU/news/SOCU-Annouces-Company-Name-Change?id=48052&b=y
GOLD MINING USA INC. (US Stock Symbol: SOCU) Announces Company Name Change
May 25th 2012
Gold Mining USA Inc.’s, President and CEO Alan Muller and Chairman/Secretary Maurice Byrne would like to formally announce that the company has undergone a name change through FINRA and will no longer be known as Standard Oil Company USA Inc.
http://pennystocksdotcom.com/otc-markets/gold-mining-usa-inc-socu-otc-link-socu-annouces-company-name-change.html
IMO a good time to buy some shares while this is on the dip. I'd buy in a block of 25/25/15/15/20 with your principal/initial investment
Ken is, in my humble opinion, a VERY shady character. I remember calling him one time, he had me on speaker phone and just came off to me as very pompous and arrogant. He had a very unprofessional demeanor about himself and it did not take long to see his real motives.
IIRC he used to post on here all the time bashing the people who're trying to expose him. I remember and if I look through my archive, back when he PM'd me a message filled with profanity.
The guy is pond scum.
Volume has died off considerably - this'll tumble again unless they continue to prop it up imo.
Retail demand cannot continue to support the pps.
Never. Placer mines on top of dirt hills, lol!
There is nothing of substance in that PR. NOTHING. No densities or concentration amounts - nothing.