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You are not right about it being margin because I'm cash only and have always been a cash only day trader, for years & years & years, believe it or not.
And there is such a list.
I forget its nomenclature, but there is one.
Someone else... can they remember?
TIA
IW
Hey, does anyone know where a list of Pinks/greys/bbs/otcqx stocks can be found each day that is on the list that brokers use to tell me I can not initiate a new position?
I know this happens top me sometimes.
I use TDA & I'll get a flash alert from a screener I employ and I'll try to jump in and buy it online and I'll get rejected because there is some list out there that brokers use each day that has to do with failure to be liquid or something like that.
Problem is... I can't remember the name I need to use to even ask the TDA gal where on their site I can find it. Just can't remember its name.
What I want to do is find a web site list every day and put it into a spreadsheet and use it to save me time so I don't fiddle around with stocks that are going to be rejected for buying.
I can not find anyone who even knows the official name of the list because I can not remember the name myself, which makes asking about it to my broker hard to get an answer on.
So, does anyone know the name of the list and where I can get to it daily?
Is there an iHub board, for example, that is devoted to it?
TIA
Imperial Whazoo
Again, every time I see a fib retrace to the 382, it says the next leg is back up. A 786 is a message its going to be trapped between the 786 level and the top of the range, but a mere 382 says its going back up from the 382.
A 50 level is good for going up too, as is a 618, although both are less good, but a 382 is a sign its going back up.
So, thats how the Fib level talk about whats upcoming.
As to GM, Were the old shareholders kicked to the curb or were the old shares kicked to the curb, but new shares issued for the old shares?
Imperial Whazoo
Well, I've got to have both because I have so many plays in existing pinks that I'd want to bring over from TDA. So, I need both. Anyone know who does both well?
TIA
Imperial Whazoo
Boca baby!
How the heck are ya!
:o)
I was on the phone just the other day trying to get you to ask you this very question but your number is not the same. I thought you had said TradeKing, but I could not remember.
I'm in the game, finally. You were right all along.
As to whether its better to use TradeKing or Optionshouse, who has the best ability to actually trade both out of the money uncovered puts & calls AND stinky pinkies?
Imperial Whazoo
To judge the charts, it looks like the expectation is that the proposed emergence from BK bodes well for holders of common. I mean, anyone who uses Fib level has the common sense to see that the retrace upon this news is not even to the 382 level, so obviously its not being negatively received. Duh.
I trade the charts so I guage my conclusion by calibrating the chart reactions... volume, price movement, block buys/sales, and, FIB NUMBERS.
I mean... a retrace to less than the 382? Really? Kinda tells the expectation, I'd say.
I have no idea whether common shareholders will have value or whether there is going to be a cessation of trading and/or an evaporation of value but the chart reaction says the shares will emerge and that the emergence will be good for common holders.
So, the charts liked the news, and I think it says what the expectation is, but as to having been down this road before, can't say that I have, I have never been in one that is going to be brought out of BK by a private company, so I figured it was worth asking, in case there was anyone honest enough to share their insight.
I figured that it was worth asking about, if for no other reason than to see who barked at me for daring to be plain-spoken.
So I got a less than civil answer.... I'd say I managed to ask a question that all but instantly bore fruit, LOL. So, thanks for the vicious reply. Helps me guage the intangibles, Always helps to see who is threatened by certain information.
And as to my knowing the answer, I don't, but could you find it in your precious little heart to forgive me for committing the horrible multiple crimes of being straight forward and honest?
Wow... just WOW... Gad, what a jaundiced view.
Imperial Whazoo
Does anyone have a handle on what the aquisition of the assets means to common shareholders? Is there a good chance it will still be a trading company or will the emergence out of BK into a private company's hands mean that the common shareholders get kicked to the curb and end up zeroed out?
I'd feel like a double layered fool if I held on and then got sent to the ashheap with zero value in my shares.
Anyone been down this type of road before?
TIA
Imperial Whazoo
Hi -
Been a follower of this board about a month now. I now think uncovered puts & calls are doable.... had to get to the point of feeling comfortable & learning from those already in the options game.
Been a long time pinky player & I would like the platform tools to allow me a lot of control over who I send pinky trades to, but I also now want avdice on who is a good small broker that will work well on uncovered puts & calls.
I'm interested in advice on who is the broker to use, other than TDA.
TIA
Imperial Whazoo
Hi everybody -
I just found this board and its exactly what I've been looking for because this is what I generally trade: momo movers on the pinks.
That said, I have had trouible trading my TDA account on some of these because they often flag the symbol & tell me they will not allow me to initiate a position. Its really frustrating to spot a legit momo mover and to do the math to prep for a buy and then all that time is wasted and I get to watch as everyone else makes money.
OK.... heres a poll I need from folks here.
Who do folks find will best fill the momo movers that TDA and other mainstream players won't allow me to trade?
I need to park some money in a new broker who does not cause me to miss opportunities.
I used to use AB Watley... for years of good service, actually, and they had a platform called Ultimate Trader that allowed me to actually act like a trading desk if I wanted to because they allowed me to direct my trades to whoever was on the level 2. I could even sometimes get above ask or below bid and direct a trade there, using all the MMs showing on the book. It was really cool. Then, they made a budget driven change in who they wanted as clients and told folks like me, who mostly traded pinks, to find another broker.
When I moved to TDA, I was supposed to be able to trade anything I wanted, but I disliked their platforms from the outset and then I discovered I was unable to play certain momo movers.
Hence, my poll today:
what small broker do other folks have the best success using when the category of stock is the type being talked about on this blog?
TIA.
Imperial Whazoo
Everyone always aims at last minute. If I were in the new guy's shoes, I's try to be early... and with fanfare of some kind.... like a name change.
A statement would be made that there is an new sheriff in town if they not only avoided being late, but hit the thing ahead of time.
Just my opinion.
Imperial Whazoo
What I was actually fishing for was a speculation of the date....
I don't expect them to be late. For reasons that are proly irrational exuberance (LOL), I'd actually like to not have to wait for the last minute.
TIA
Imperial Whazoo
Well, well, well, well, well! Your info is priceless because it reinforces my own personal theory about what will emerge into the open pretty soon.
I said in an earlier post today that I thought that the next event of ground-shaking consequence would be the PR about shipping of the metal, partially assembled machine to Jacksonville.
So, lets look at your quote. You said this:
Apparently not.
What date are you expecting the 10K to show up?
Imperial Whazoo
Oh... and I just had a funny thought about that work of fiction on Amazon....
Maybe the guy should reprint it with plastic pages and run the entire edition through the P2O machines?
That way, at least he'd get something of value out of his effort.
:o)
IW
I think I get it, actually.
If JBII can convert plastic to oil, don't you think deep pocketed, lobbiest hiring interests (like Middle East oil producing entities) might be motivated?
Don't you think that oil companies might hire lobbiests to "peddle influence" and campaign contributione to "influence" something like the initiation of a lawsuit or two? I don't think its even a stretch to postulate that there was a bit of something less than reputable that influenced multible pester-type lawsuits to slow down and exhaust a little company like JBII.
Sap the little guy's strength and lob legal mortar rounds into it, one after another after another.
If I were on the wrong side of this quantum-shift technology, and if I were one of many affected industries who use armies of influence peddlers to get favorable outcomes out of the various governmental entities...
Get it?
It logically follows that the ability to convert plastic to oil (at a price that is less than the costs of governmental regulatory overhead) is going to attract any company in any industry that has the ability to re-route its landfill-bound plastic to a P2O machine, and this obviously means that the tenticles of impact ripple across every layer of government & industry....
... if JBII can actually pull it off, that is.
And if you ask me, it sure looks like they have the goods to do the revolutionary, doesn't it, LOL?
Despite all kinds of frivolous, energy wasting lawsuits and legal battles with the "biggest-n-baddest" of them all, the federal government,..... even that was defeated.
At some point, I just leaned back in my chair, scratched my chinny-chin-chin and bemusedly laughed as each new rendition of attack manifested itself.
Well, from JBII's point of view, if you want to stop all the above from happening, just kick the SEC's ass, LOL.
And thats what we just got to see happen, if you ask me.
Free and clear, baby!
The great thing about plactic is that the party who manufactured it has already jumped through all the regulatory requirements, which is why the quality of JBII's output is so fabulous!
So, onward through the fog, I say,
And maybe.... just maybe.... the time-wasting legal threats will stop manifesting.
We can only hope, I say.
:o)
Imperial Whazoo
Yeah, & when the company renames itself to "Plastic 2 Oil, Inc.", it will garner instant comprehension of what they do.... what they have done,,,,
...they will instantly benefit from comprehension that doesn't even require delving into DD to figure out what they do.
A built in BRAND NAME.
The value of branding.
"Plastic 2 Oil, Incorporated".... a built in mnemonic.
Its a beautiful thing!
o:)
Imperial Whazoo
If JBII were a boxer, JBII won every round and knocked the SEC to the canvas in a decisive fashion... and the three fight judges scored it unanimously in favor of JBII, as well!
Like runner sliding into third, JBII dirtied its leggings, but thats all.
I suppose that on a purely statistical basis, there is a chance you could be right that the future continues to be bleak for JBII, but the fact is that not one bad thing ever predicted came true today.
Net net, JBII came out smelling like a rose, IMHO.
JBII is worse off today? Or still under any kind of cloud?
Sure, and the sun will rise in the West tomorrow, too.
Imperial Whazoo
We should never stop recalling that the predictions were that JBII was toast;
That the fines would be massive, even large enough to crush the company;
That the disgorgement would be so large that the company would be crippled;
Even that criminal penalties againgst JB would be forthcoming.
Well, obviously, the fine is miniscule when compared to what was stated innumerable times to be a major threat on multiople levels.
In the courts today, having to battle the Feds is like a grandmother, armed only with a walking cane, being tossed into a pit full of wild dogs. Anyone who ever had to fight the government knows what I'm talking about and even apart from the trouble involved in fighting the Feds over anything, in our case, it was just wearying to have to withstand the constant dire prognostications.
With such a miniscule penalty, in the end, the dire prognostications were without merit. Simple as that.
I am quite glad about the news and its what I figured was going to happen. In fact, the tidbit of knowledge that made up my mind for me was that the Boston business journalist who got the SEC vs. JBII scoop turned out to have been related to the SEC attorney, which accounted for the original double whammy impact of the SEC action. Once that became a known fact, I realized that the case against JBII was doomed.
Then the thing that confirmed it for me was that the attorney who consented to work for JBII was the former head of the Boston SEC office. Between these two, all I was uncertain of was how long we were going to have to wait.
We got that answered today, didn't we?
With this mere slap on the hand behind us, the next thing I think will happen is that the shipment of the machine, in partailly erected mode, will happen. It will ship to Jacksonville in the near future. Thats what I think will be the next major event.
Also, I apparently stand alone in feeling that they will rename the company & that it will be something like "P2O, Inc" or "Plastic 2 Oil, Inc."
Brand is very important and I feel that, coinciding with the announcement that the technology is ready to ship to Jacksonville, they will move quickly to "BRAND" themselves so that businessmen and corporate types worldwide have a basic mnemonic that intrinsically identifies what the company does.
Thats what I think is coming up pretty soon, and I think both shipping to Jacksonville and branding of the company will generate a lot of interest and draw a lot of eyes on the company.
Thats what I see here.
Imperial Whazoo
Yeah... poor old JBII was only OVERSUBSCRIBED BY 300,000 UNITS!!
And they filled the financing (plus $1 million above the targets, as you correctly noted) in less than a month.
Yeah, rich people with high paid legal/accounting/financial talent at their beck and call, who have risk money looking for a home, sure did see JBII as a bad investment.... NOT!!
The chart has been basing for a while now. Boy howdy but is this thing ever primed to EXPLODE!!!
I kind of like the timing of the PR, too. After market, with narry a whisper to give it away ahead of time & just in time for a run to stage itself into the weekend and build into further upside next week.
And just prior to a long weekend (Monday is a holiday for the markets) to nurture the idea and get anyone unfamiliar with it up to speed.
I bet there is a lot of news coming out in the next month, such as:
#1) Jacksonville
#2) Name change for BRANDING PURPOSES
#3) Announcements about finished and in-the-process-of-completion machines
#4) Shipping announcements regarding the movement of machinery across country
I do like it when the groundswell of TRUTH becomes a flood. Truth is like an elixer of life, and the truth is that JBII is the real deal. And speaking of the beneficial aspects of a flood of truth....
...here in the southwest, one good thing about a gullywasher is it clears out all the accumulated garbage and deadwood.
Long time comin'
O:)
Imperial Whazoo
You are correct IMHO regarding trading it vs buy and hold, & I'm correct in my opinion that the insiders are not behaving badly by being the ones who are accumulating via large share issuances. I'd much rather the money be raised the way it is being done, thats for sure.
Its not my opinion that the accumulation that is going on amongst "insiders" is bad simply due to their being in advantaged positions, because, one way or another, money has to be raised. IMHO. its never been about whether they issue shares to themselves. Its always been about how it would be far worse to issue dumpable shares to outsider, vulture-type financial outfits.
And here's what to watch for: whether they are turning the shares they issue themselves into cashola, evidenced by Form 4 filings that show they are dumping shares (which are not happening, BTW).
The "insiders" are paying themselves with shares, but management has only two other alternatives, and one of these would be to go to vulture outfits and get money from them. (the other would be to use their claims and/or future JPM output as a bank).
Well done again!
For clarity's sake, if not for the sake of fairness itself, it logically follows that BOTH lists deserve to be stickies.
Who that does mod duties is delegated to assign stickies?
Well, whoever does this, please take a moment and see to posting the two stickies because they clarify things a lot.
TIA
Imperial Whazoo
Such as..
"could be terrible" being insisted to be "will be terrible" rather than being recognized, more correctly, as "remotely possible" and "extremely unlikely to be troublesome"....
Is that what you mean, LOL?
Thanx for the advise... NOT!
Imperial Whazoo
Thanx. Excellency points with neon flashing lights & incendiary flares fired into the night sky to clearly illuminate the battlefield of thought...
Promptness points with a capital "P" !!
Tres bien. Fine list to get the "big picture" from.
And I personally want to weigh in with the mods around these parts that this extremely helpful list be posted as a "STICKY", so clarity is attained easily by any newbies happening upon the board.
TIA
Imperial Whazoo
I wish they'd launch or whatever is next on the agenda.
Personally, I've found bullish and bearish engulfings & hanging men and hammers to be the most reliable candles.
Bullish and bearish engulfings (on high volume compared to the norm) are the best. Hanging men are almost always immediate if accompanied by volume. Hammers tell that a turn has been reached, but they sometimes take as much as 6 days to turn up, so I look at them and watch for the follow thru.
Anyway, ELTP is on an upward trajectory, IMHO.
Let me ask the board in general:
Would someone (or someones) more knowledgable on ELTP than I please list, in the order in which they are likely, the "expected" events?
I ask because reading all the blogs results in a less than clear picture.
TIA.
Imperial Whazoo
There is one fly in the ointment of your identifying this as a bullish harami cross...
It must be prededed by a long BLACK candle day.
A long BLACK candle day is a long down day candle.
If you take a look, you will agree that today's doji was preceded by a long WHITE candle day... a long UP day candle.
So, it fails to be the pattern.
Sorry to be the bearer of bad news.
Imperial Whazoo
OK, so lets think about what SFMI needs to do to make itself sellable.
The thinking we have been instructed to adopt is that SFMI's BOD is primarily interested in enriching itself by issuing itself free money.... free shares.
OK
So this line of thinking tells us that the only reason the BOD of Goldland issued itself
Hey, waterguru, thanks for the reply.
It is good that you realize that, even though SFMI does not pay any taxes, it is going to sell itself to an entity that does have a tax problem.
The entity that buys SFMI does pay taxes and it will want to reduce its tax burden.
It matters that SFMI does not pay taxes because of the value proposition this presents to an entity who does pay taxes and needs tax releif by assuming the tax loss carry-forward of SFMI.
Thats not gobbledy gook, BTW.
OK... so lets think some more about SFMI's obvious intention to sell itself.
It is a given that, if SFMI can find evidence of considerable gold and/or silver resources in the Sinker Tunnel or on War Eagle Mountain, the value of the buyout will be hugely increased. If a buyer has both value in the tax benefits and evidence of gold and/or silver, the buyout situation SFMI sits in becomes the perfect storm.
The problem SFMI needs to address then is this:
SFMI needs to establish evidence of gold and/or silver. Thats its present problem, and it is addressing this problem via projects it is undertaking.
SFMI is going forward in the Sinker Tunnel and it is likely to drill on the mountain this summer. And its building a mill extension, a cyanidization circuit, a lab facility it can commerciallize, and a smelter it can likewise commercialize.
Success in any of SFMI's projects will boost the buyout attractiveness of SFMI.
However, we have all been instructed that we have no choice but to conclude that SFMI is a scam.
Here's the link that is used to force us all to conclude that we have to view SFMI as a scam.
I disagree that this link is proof that SFMI is a scam.
In fact, its only one more piece of proof confirming that SFMI obviously intends to sell itself.
http://www.sec.gov/Archives/edgar/data/1444839/000109181812000395/ghdc092620128k.htm
We've been told this quote proves SFMI is a scam. I suggest we all need to rethink the meaning of the following quote:
SFMI can generate a success in the Sinker tunnel, and to do so it will have to buy equipment and employ people.
The safety related equipment is subject to a 50% tax write off and the safety people they have to employ are subject to a tax credit.
And any non-safety related equipment is the beneficiary of accelerated depreciation; and any structures that have movable appertenances can be booked using a 50% tax write-off.
Kind of helps SFMI in its tunnel project, doesn't it?
LOL
And the same pretty much applies across the board.
They need drills for inside the tunnel. They will have to treat them as non-safety related equipment, but they are still able to apply accelerated depreciation to them.
They have added a mill extension and that involves both appertenances and equipment. As above, both are tax advantaged.
Then there are the buildings that are about to get completed: the mill extension, the vault, the lab, and the smelter, all of which have available to them some set of these tax advantages.
Kind of helpful to SFMI, isn't it all?
Also, consider the safety related issues that will come to play in the cyanide circuit? Tax advantages all over the place, it look like.
And these advantages are in play even before a potential buyer begins to show interest. In fact, they are a key reason why a buyer would show interest.
"A" key reason, mind you. They need to succeed in one of their projects, but when that happens, watch out!!
After the tax advantages are booked, a potential buyer benefits by being able to offset their own high tax situation using SFMI's loss carry forward and the other booked tax advantages SFMI has.
So, it baffles me why it would matter whether the buyer is Chinese or from the planet Zargon.
It can be, as I clearly said, "... any entity, whether corporate or private,...".
Chinese. Athabascan. Introverted extroverts who own high-heeled sneakers.
I could care less.
The counter-intuitive nature of the tax benefits to SFMI that are in play here are actually amplified in value and in importance by the very financial weakness that has beset SFMI.
In fact, SFMI advocates should, IMHO, make the effort to enlighten people about the accuimulated losses at SFMI because every tax loss carry forward they can book, at this stage, helps them if even one of their several projects bears fruit.
I guarantee that there will be companies interested in aquiring SFMI if they succeed in the Sinker Tunnel or on the mountain or in the cyanidization project or in increased output or in landing smelter business or in performing lab services out of their new lab.
SFMI is replete with pregnant projects, and success with even one of them, taken together with their accumulated losses, will make them an attractive aquisition candidate.
Been a pleasure to help you get it.
And one thing... no, two:
I did not mention the "Chinese", did I?
And also, the entity with revenues, and hence a tax problem, is the buyer (not SFMI), and the very fact that SFMI has no revenues and tremendous tax advantages is what makes the aquisition a likely tax-driven expectation.
Any one of their many projects can turn the trick so keep an eye out, LOL
Glad to help.
Imperial Whazoo,
No. The company, SFMI, can book these advantages to their heart's content and these tax provisions benefit them because of the fact that they allow a profitable entity to offset its tax problem when SFMI sells itself to them.
I've already pointed out this counter-intuitive FACT, using considerable color I might add.
OK. So let me get this right. There is a new set of tax laws in place for SFMI to leverage to its significant advantage and these new and/or renewed tax matters allow them to:
- write off 50% of the cost of safety related equipment....
- get a per employee credit for each safety related employee...
- apply accellerated depreciation to any non-safety related equipment purchases they make in 2013...
- write off 50% of the costs of non-attached appertenances tho the mill site...
ALL AT THE PRECISE MOMENT THAT THEY ARE:
- going into the Sinker Tunnel and bolting its entire length for safety required reasons...
- finishing out the vault, the mill extension, the smelter & the lab buildings...
- going forward to build a cyanidization circuit...
AND SOMEHOW THESE TAX ADVANTAGES ARE EXPLAINED BY SHARE DILUTION?
Hmmm....
Very interesting theory...
;o)
So, what IRS form do they fill out to get these dilutive shares associated with all these tax advantages?
Section 179 provisions, maybe?
No.... wait, thats accelerated depreciation, LOL. Not related to allegations of dilution, is it, LOL?
So... How exactly is dilution the explanation for the beneficial aspects of the tax environment in 2013 ?????
Imperial Whazoo
I'll explain it to everyone, then.
Simply put,
Let me tell you what this particular Form 4 from the set of Form 4s filed today tells me:
Ladies & gentlemen, what we have here is a look behind the curtain of how a family gets fabulously wealthy. They take risks like this, thats how.
http://www.sec.gov/Archives/edgar/data/1381105/000121390013000095/xslF345X03/f4122712meyerdoreen_jbiinc.xml
Folks, what this family has done is sink another 1.2 million in JBII.
And they own 2.4 million ordinary shares, as well!
If I do not "get it" as regards this telling me that some really wealthy, really smart people see this as being a tremendous risk-to-reward venture, I may as well just flip the switch and flatline the old brainwaves.
This is opportunity on a stick...
And apparently, the Meyer & Doreen Luskin Family Trust agrees with this assessment.
:o)
Thats my take, folks, on the meaning of these Form 4s today.
Hope this helps.
Imperial Whazoo
OK. Interested.
What I'm interesred in is what you say is a pattern in the charts of JBII that adheres to the system.
I employ an approach based on a lot of what is said in the following book & on the following web site. I listen to this site's programs several times a day, as I trade, and I'm listening to their post market program on the net right now.
I've wanted to tell the chief architect of this approach about JBII for a while, but I've held back because of the overhang of the SEC lawsuit, which appears to me to be a weak lawsuit.
Anyway, I'll look into what you use because your chart annotations seem well though out. The web site for the daily market & trading programs is:
http://www.tfnn.com
& this is the main book
http://www.amazon.com/dp/0976352915/ref=rdr_ext_tmb
I've a lot of interest in multiple tools to look at JBII using.
Like you, I think JBII is a potential GOOG or MSFT. The strongest fact, IMHO, is that they are very fortunate to be being shepherded, as it were, though the turbulance of getting out of being a start-up by having a strong interest in them expressed through the RockTenn deal.
I think that major players (oil companies, oil producing countries, and so forth) would love to take over JBII and then "disappear" it to protect their status quo, but the interest by a Fortune 500 "big brother" has acted to stave off some of the vulnerability, IMHO.
IHMO, it would not surprise me at all if it were to be discovered later in the history of this technology that lobbying by interested threatening parties was behind a lot of the legal battles and hurdles JBII has had to face. I am not ever going to prove this suspicion, LOL, but its my basic opinion.
Anyway, I'm looking for another approach to look at the JBII chart using and the analysis you posted, together with the chart itself was interesting enough to warrant a second look.
Thanx.
Imperial Whazoo
Hi koolmoto -
Great read. I chart and like your observations & conclusions.
I agree that, if there is bad news in an upcoming PR about the SEC suit, it will drive the price back to .52, to retest that low.
One thing I need an explanation of. What does this comment on your chart mean?
"VSA Chart Pattern"
I get it but I'd like to know what your abbreviation means.
TIA
Imperial Whazoo
Yep. Thats a fact. The 50% write off is for safety related equipment.
Suppose an investor puts in a million dollars. Effectively, they get 1.5 million dollars worth of value if the money goes toward mine safety equipment.
And if I'm right about something similar as regards buildings small businesses complete in 2013, then the areas where SFMI has this set of considerable advantages do not end in the Sinker Tunnel safety-related areas of the project.
They are set to complete several structures this year, aren't they?
I like what I see, especially given that the photos from the exterior of the tunnel show tire tracks inside of the security fence. Activity is present and I expect the tax provisions to leverage progress in a favorable way for SFMI in 2013.
Imperial Whazoo
You are welcome, and thanx.
The new tax provisions that favor SFMI, as it goes forward in 2013, are important.
My posts on this topic so far are:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83138779
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83115925
BTW.... I've also discovered two other tax provisions that may well favor SFMI in its Sinker Tunnel project in 2013. The politcal climate in Washington resulted in the new fiscal cliff tax bill and it looks like there are a bunch of provisions in it that will greatly help SFMI this year.
So as I mentioned above, I think I've found two more relevent tax provisions & I'm DD'ing them.
What I think my DD will unearth will be two more tax advantages SFMI will have available to it this year. I'll keep you posted, DC.
But here's a preview of what I'm working on:
wouldn't it be great for it to be true that SFMI can write off 50% of the costs of new buildings completed in 2013?
My understanding thusfar is that there are new provisions designed to encourage small business to build buildings.
SFMI is soon going to complete several buildings:
- the smelter
- the vault building
- the lab building
If they can account for them in a way that has a 50% tax advantage, then every dollar PP or AS puts into SFMI.... every dollar that goes in effectively becomes two dollars.
Now, as I've said, I'm in process in digging into this and I'll post more as I unearth the details, but just like the safety related provisions excited me, the two new tax advantages I am DD'ing look very good so far.
Anyway, it is good to see that tax advantages are available, and I expect to see the Sinker Tunnel project move forward now that the logjam in Washington has, at least a little bit, clarified the path forward for companies involved in mine safety issues.
I expect my DD will uncover more tax matters that help SFMI, but even if its only in the area of safety, its still looking like the new fiscal cliff bill is a big help to SFMI.
Have a good day, DC, and I'll keep you posted.
Imperial Whazoo
The pictures are truly great, aren't they?
And, in particular, I want to point out the tracks that can clearly be seen inside the security fence. Obviously, if the road to the Sinker Tunnel were closed, there would not be fresh tracks in the snow inside the security fence.
I think it is very important that these pictures show that the project is going forward.
Of equal, if not greater importance, IMHO, is the fact that there are provisions to the fiscal cliff bill that favor SFMI. As I see it, the Sinker Tunnel is going forward, as the pictures show, and now, due to two provisions found in the fiscal cliff bill, SFMI can go forward, operating under a very favorable economic environment.
I'd like to point out the two provisions to everyone, and then, begin discussing the reasons they benefit SFMI.
If anyone wants to wade thru a lengthy article that includes details of the tax provisions, please go to this link. ( http://reporting.sunlightfoundation.com/2013/fiscal-cliff-lobbying/
Here's what is relevant. The provisions of the fiscal cliff bill which result in a favorable economic environment for SFMI in 2013 are:
1.) A tax credit for each employee trained in rescue and emergency procedures in mines.
2.) A tax credit that allows companies to deduct half the cost of advanced mine safety equipment from its tax bill.
Now why is it important to SFMI that safety costs are greatly tax advantaged, due to the above provisions?
To answer this, go back to the PR SFMI put out on 10/25/12.
The PR of 10/25/12 puts safety issues mandated by the MSHA front and center.
And these safety training issues are a very expensive cost item for the project.
Thanx for the photos, garrick.
It looks like there are fresh tire tracks that are in the top picture, BTW.
So, we have solid picture evidence telling the story that the work in the Sinker Tunnel is going forward. I personally had no doubt, but I love seeing your photos about it.
BTW.. I found a couple of tax advantages that got renewed in the fiscal cliff bill. They improve the economices of the Sinker Tunnel project enormously.
Since your photos show the Sinker work is set to go forward (because the fence is in and the porta potty is in and the tire tracks are fresh)...
...since we can see that the Sinker work is commencing, it matters a lot that the economics of going forward are going to favor SFMI in 2013.
There are two provisions in the fiscal cliff legislation that will help SFMi.
The bill will extend, through 2013, the mining industry tax benefits that expired at the end of 2011. These two are as follows:
1.) A tax credit for each employee trained in rescue and emergency procedures in mines.
2.) A tax credit that allows companies to deduct half the cost of advanced mine safety equipment from its tax bill.
Here is a link that talks about the fiscal cliff tax bill. The two provisions mentioned above are discussed in this link.
http://reporting.sunlightfoundation.com/2013/fiscal-cliff-lobbying/
Now, lets all review the following SFMI PR, found at this link:
http://ih.advfn.com/p.php?pid=nmona&article=54689328
In that PR, recall this section relating to the MSHA certified workers:
Thanx 4 that, beachlifeguy
Good link to keep on the desktop, isn't it? Especially given the power that can get unleashed when somebody begins something like a buy program. A lot of illegal shorting thru Canada (often times) can result in huge upward pressure if one of the rich whales decides to begin a buying program.... hitting the ask rather than waiting for buy opps on the bid.
I appreciate actual facts being posted, such as this one that documents the reality that considerable short activity is behind SFMI's price behavior. Kind of reminds me of the FACTS regarding the documented and consistent 100% positions held in claims on the mountain, as opposed to the erroneous but repeated assertions that SFMI holds an average of 30% only.
I wonder when real facts regarding the water being polluted, a rumor coming from the same source as the erroneous 30% repetuitions BTW.... I wonder when there will be emerging the truth about the water pollution rumor.... and about the road closure rumor.... and so forth?
:o)
Imperial Whazoo
EDITED: catching up on my reading a few moments ago, I want to say thanx to oryx for having undertaken to put the danger of water polution under the lab microscope of facts.... and it looks like the pollution rumor is just that... pure rumor.
Outrageous, LOL.
Thanx oryx
Drills? What? I never said word one about drills, did I?
Suggest something that is entirely untrue if you must, but fact is, I suggested no such thing.
Joining with anyone regarding photos getting taken of drills this weekend has not been a part of my approach.
If you want to criticize my positions, try the idea that the 43-101 is what should have been begun by now. Unlike anyone else, I am of the position that a 43-101 is a trap to small companies. Criticize that thought, but don't place me in the camp that said to expect to see drills in the photos that I expect will come out of this weekend's visit to the mountain.
I have NEVER said word one about drills getting photographed over the weekend, and I have NEVER held that position.
Now I have held the position that a 43-101 is NOT a thing to have aimed all our effort at accomplishing, so you are openly invited to attack me for daring to crayon out of the approved of lines in that regard, but as to the suggestion that I had hopes of getting drills in photos this weekend, you had to have assembled that idea out of thin air, LOL.
I don't know where you got the idea I said to expect photos of drills this weekend, but I know I am entirely alone in my repeated assertions that the 43-101 is a standard that works to trap small, developmental companies like SFMI.
I have never held the position that the 43-101 was essential yet, and it was other folks who have hoisted that particular pitard, not me.
I remain of the opinion that SFMI is in a unique position due to the piles of rock and the plant they built to process that rock, and I sympethize entirely with the attempt PQ has made to try to get away from having to destroy his venture with repeated visits to the land of the vultures, LOL.
He appears, judging by the lawsuit, to have chosen a bad player to attempt to be a fund raising partner, but as a general proposition, I sympethize with this attempt to avoid getting backed up into a box canyon by playing the game the "standard" way.
Andf I've said so. Not a word about expecting photos of drills, mind you, but I've been steady on the idea about the standard approach being a trap to SFMI.
And get this.... I am even quite content to remain entirely alone as the sole promoter of this "anti 43-101" point of view. It matter not the least little bit that I have persuaded none of the others here. I think I've figured this canundrum out and it looks to me to be exactly the plan that was undertaken.
But that said, don't try to suggest I ever talked today about drills getting photographed over the weekend.
I did not.
Hope this helps.
:o)
Imprial Whazoo