Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Please explain how you can be positive about this stock- please name 1 business initiative the last three years that has produced positive results to cash flow, sales or assets. Don't you think it is questionable to promote this stock absent anything to support your opinion ?
Do you think CEO having a fake MBA an issue ?
I agree Chester share structure the key- and if Cambell sees it inching up over time, more ammunition for him to go the buyout route. While I agree maybe better they help portion of property interests, they have so many " kicks at the can " value certainly many times higher than current stock rice.
The Independance Lead scenario a good one, even better the originally Lucky Friday takeover by Hecla. ( Stock went from $.05 to way over $20 on final purchase by Hecla, or something in that range).
Chester doesnt need to spend money on promotion ( wonder how much cash on hand they have- used to be over $500,000).
Depends when you want to take tax loss. For example you could sell, lock in the tax loss, and if for some bizarre reason you wanted to still have shares, buy 60 days later to avoid wash-sell loss issues.
The issue that arises which perhaps I didnt explain is being ale to sell in the first place. It will not be easy finding broker who will even accept the shares, and if they do, then time to get processed in your account, i.e. all this means if you wanted to sell for a tax loss in 2013 you would need to get stated now.
This may be further complicated by the status of the company,whether they will de-register this year or not; last will there be any bid by the end of the year ?
You say CEO is doing good job, by what criteria do you arrive at this opinion ?
Please do answer about the apparently fake MBA - if it is fake ( and everything points that direction) - do you feel that disqualifies the CEO ?
CEO may be brilliant technical person, but I see nothing that indicates he is good CEO at delivering results. Please name me 1 concrete result past few years.
By the way the filings show that (a) he probably did have some para legal training but (b) no MBA or business training, or any graduate level studies. OTC markets really doesnt review, otherwise they would have requested numerous amendments.No one with any business experience would claim the financial statements are GAAP when they are clearly not.
The price is .0001 on the ask, no bid. It would seem one should be very careful promoting this stock to unsuspecting investors absent any concrete support.You have yet to provide any concrete support except (a) to say the incorrect filings being made are a plus (b) he has an MBA which must be real because people with that MBA sayit is real- even though noody can find legitamate institution that issued the supposed MBA !
You will probably be surprised IF you can find broker to accept shares how long the process would take- and I assume main value is to get sold before December 31 to get tax loss, and start carrying forward that loss, so best to start process now. Also heads up, it may cost you up to $600 for broker to accept the shares for deposit.
One benefit of the second reverse is we hear less on this board about highly improbable scenarios.
Good points.
1.Conjecture is in an environmentally-sensitive area, and even if they are going "zero-discharge" , even if nearby mill has sufficient capacity, it will still take quite a whilebefore it can produce If a "few quarters" after that , say 12 months, that is extremely aggressive. New Departure a better situation, but realize to re-open a mine requires equipment, personne, inspecetcions by MSHA and if Montana you can be sure that there will be some state oversight.
However both properties if on a path towards production a plus for Chester.
2. Chester Sunshine claims- The old plan De Motte and Mclean developed Behre Dolbear spoke highly about both then, and in subsequent NI43-101 report for Silver Opprtunities said the same. Main difference strategically is that Silver Opportunities wishes to expand capacity significantly, and has capital for more drilling. So (a) It would seem key target areas in Sterling's plan at 3700 level and bleow may be reached earlier than in Stelring's plan (b_)De Motte and Mclean were very innovative and set in motion the "upper country" exploration strategy which evidently working out well. I wonder if this will eventually cover Chester ground. (c)Chester may argue it has APEX rights for veins that start on its claims- which could lead to possibility of payments due from more than just their claims.
I agree . I dont know when Chester will take-off but at some point it will and the leverage is phenomenal.
Kind of complicated I would think to answer that without being a lawyer. I would guess depends on extent ,pattern and materiality of investors being mislead combined with what benefit CFO derived and how, and finally resources and priority of SEC.
Looking at their cash flow statement if you compare funds received vs value of shares issued for the convertibles,and shares issued for payables, I think the answer would lie in (a) 144 filings to determine how restrictions lifted , and were any parties related to CFO and/or company , and not disclosed (b) role of the company that arranged the convertibles as mentioned in press release.
For example, 8k rules that material items need to be reported within 4 days,has this consitently been followed ? Did management know that mill wouldnt re-open this September yet consistently project it would be ? Did managemement mislead investors about the whole NI43-101 issue, did they follow SEC Guide 7 guidelines ? Did those selling under 144 have sales timed in realtion to timing of press releases, and from where did they get their information ?
At the very least through comment letters SEC could put company in position that it would either have to de-register or put out series of retractions - and CFO realize legal costs of going on too much. I still believe company de-registering is what will ultimately occur.
But just two months ago some people stating quite clearly their belief that mill would re-open this year, or that company could get conventional financing.
It will be interesting though to see how class A shares can even be placed in a regular brokerage account. Most brokers will not accept certficates of sub penny stocks, and of low price stocks under $.10 difficult unless one is institutional type of investor to get placed into an account- especially with a DTC chill.
This maybe a reason for the second reverse- CFO running out of money, and hoped with second reverse price would be high enough that some brokers mght accept the stock into a brokerage account.
Just my opinion but I cannot imagine anyone putting up $3 million to put mill in operation, even less so without a permit.Wonder how long it will take for website projections to be udpated.
Would be very curious if you converted to A shares whether you could even find a broker to accept the shares into an account.
If they are converting the B to A shares that is quite interesting. In my opinion complete and utter hogwash the B shares were to protect from an unwanted takeover- who on earth would be wanting to take over this company ? Comments like that from CFO make me think he might be morally challenged- kind of like the comment the reverse as for benefit of shareholders.My own belief that the Class B shares CFO wanted to control to make his life simpler, and guarantee his own compensation no matter what.
If he is converting all the B shares that on the surface sounds rather idiotic - (a) he can only sell 1% of outstanding per quarter (officially under Rule 144 or as a control person) (b) probably reduces his personal legal protection, easier to "pierce corporate veil" if he owns over 50%.
Seems to me he is getting desperate.Or maybe he has just sold out. Who knows at this point.
The 8k may be informative indicating why the timing for this second reverse, plus as I have thought what wacky idea CFO has come up with next.
I am curious those who projected mill would be up and running and permit without conditions received, so mill would be operating by September, what their current projections are ?
Also does anyone have news about the lawsuit against company winding its way through the courts ?
a few thoughts:
1. i cant imagine why new sunshine owners would wait until they were closer to production from chester area to make an offer (a) not only price woudl go up but negotiations could slow down production from that area (b) price less now because of current price of silver.but your scenario certainly possible. intemrs hwere they woudl produce from,h"sweet spots" forerly identified at the 3700 level are significantly in the Chester area - especially since while teh De Motte-Mclean plan still in placement, a key modification has been a much bigger capacity- so they will need the consistent ore to achieve this plan.
2.the conjecture and new departure certainly great value additions to chester, but i would forget about producing in 1 year. conjecture are has been under EPA scrutiny for some time, will take a while for permits.
look forward to hearing what CEO says. i still say this is a $5 to $10 stock.
Re Fake MBA- I wish to be fair,I cannot find any MBA program under Almieda College and University. I cannot find any offered y Alameda College. Ido find one from diploma mill Alameda University.
Does anone have any information that CEO claimed MBA is legitamate ?
In response :
1. "Doing a Good Job as CEO" : I am confused - what criteria are you using for this : (a) no profits (b) no revenue (c) no cash flow (d) stock price has declined to point where no bid. (e)every business initiative annoucned for 3 years has not resulted in success. Please advise by what criteria could anyone judge he is doing a good job ?
The only things appear to be from your email (a) that he has an email- but I think fairly clear it is probable if not certain he bought a piece of paper form a diploma mill - you have not answered whether this would disqualify him in your opinion ? (b) you mentioned he files reports at otcmarkets : but that isnt the sole job of a CEO. (And that brings up question of what he files as he claims GAAP financial statements which they are not ( he would probably know this if he did have a real MBA).
2. Press Releases- Almost every press release for last 3 years announces things ( mergers, investments, new businesses , etc) that never happen. I guess if we accept yoru logic, how many years or decades do you think it takes ?
3. I am sure whatever work you do that you would not hire someone and after 3 years of non perofrmance keep them , or do you hire people and just let them not achieve anything ? Please explain to me- it is so bizarre to me that anyone could claim CEO doing a good job that there must be something I am missing.
4. What tangible evidence is there that things are going forward ? If you or anyone really believed that BTDG about to receive $100 million plus, stock would be soaring- evidently no
one ( not even yourself) really believes this. SO that is why I question why CEO keeps down this smae path that never works.
5. You indicated this CEO with a fake MBA putting out press releases about a $500 million deals is not mentally disturbed, and since you speak with him regularly you obviously have some basis for judgement.
6. What exactly is the RHN arrangement- look at press releases and details of this supposed merger etc are not clear ( as every other filing of company).How would this deal result in profits for BTDG even if it did launce ?
These are not unreasonable questions.
Please advise if the CEO has an MBA from a diploma mill whether you feel he is qualified to elad a public company ?
Patience ? How many years is necessary to arrive at a point of $25 in revenue ?
I do appreciate your sincerity in explaining your position, but it just seems like you are promoting this stock with constant positive commenst about a company that frankly has worse than dismal performance.My comments and others have provided every opportunity for supporters/promoters to respond. What is purpose of this board, just to run around saying GO BTDG and perhapsleading people into losing money without knowing the background ?
You did write that he had an MBA and this was part of why the CEO was qualified.The MBA evidently from a diploma mill, doesnt that bother you at all ? I have no intention of degrading the CEO as a peson- in fact my posts have indicated it could sheer incompetence,or perhaps mental disturbance , rather the as some say CEO engaged in a scam.
How can company have future prospects if NOTHING is ever executed successfully.
I could also respond why waste time just saying GO BTDG all the time, and imagining that all these business initiatievs are just "in progress" , year after year after year. But I dont.I respect you have your opinion- I wonder why though you refuse to answer most key questions.
Again, if CEO claiming an MBA from a diploma mill do you stil have same confidence?
I like to be positive too and have tried to ask people such as yourself to give some evidence, any evidence , that a company that has only generated $25 in revenue recently can achieve the funding levels you mention. But when the supporters/promoters can not provide any answers, any rational basis for why they suport the stock it is curious.
Again out of curiosity, according to your reasoning any sub penny stock that puts out a press release is equally appealing as an investment- shouldnt there be some analysis ?
So if one raises issue of fake MBA one should then move on ? May I remind you that you brought up the MBA. Would you think less of CEO if you found out the degree was fake ?
Yes I agree any sub penny stock is extremely risky and level of disclosure rarely up to par. However I dont think I have ever seen a stock like this- claims to but mortgage-lead generation busienss for shares, then no revenue, not even $1 generated. Spends a year+ discussing massive HIP HOP business, nothing happens.On and on.
Yes I am interested in having a rational discussion and addressing questions posed. Again :(a) Please name 1 single successful initiative CEO has executed on (b) please do show us the famous MBA came from an accredited school.
If purpose of board is it only for people to parrot the press releases, and promote this stock with no bid to unsuspecting investors, please let me know.
Why not answer the questions ? You raised MBA issue I didnt, simply since it appears it is a fake MBA from a diploma mill, how can that qualify this CEO in your opinion ? Also, I assume this board is meant to encourage discussion and due diligence by investors. You have consistently been pushing this stock, it is not unreasonable for you to provide reason for your confidence- and since you communicate with CFO who cant afford normal pres releases, you coudl actually provdie some insight.
Probably not, but as a reverse split is not against the rules , and people seem to focus on that issue that may slow things down; it is all the stuff around funding etc (especially related party issues, or settling of payables) that are time consuming to follow up on, but may be much more problematic to company.The press releases are the simple most effective manner to reign in the CFO, the SEC engineering office would take at most an afternoon to get comment letter out to CFO. While I fail to see how shutting company down would benefit shareholders at this point, responding to SEC engineering office would require numerous retractions and re-statements , and probably cure this CFO of inane and misleading press releases.
-What credentials are you referring to ? Every indication is there are no real crednetials, just a piece of pape form a diploma mill. Please do enlighten me what his credentials are ? I do not mean ill towards anyone, but eitehr he has a valid MBA or he doesnt . You are the one who brought this up as the 1 single thing that would support your belief in this company.
This is simple issue, just type in his supposed college-univesity and see what pops up.
-They have not successfully executed 1 single business deal amongst the many they have announced.It would therefore seem fair to ask what makes this one different ? You cant tell me you seriously expect someone to advance 100 or 500 million to BTDG- if you do please explain why all of the released information is nebulous, nothing tangible.
His lack of understanding of all the legal boilerplate he throws into his "agreements" and filings, and financial statements that do not follow any semblance of GAAP are the tip-offs. I never thought he really got an MBA but due to the supporters posting just thought I would look it up.It is not even clear which diploma mill he got the MBA fron.
Your Catch 22 logic re CEO MBA
Your logic I dont follow-
He is qualified to be CEO because he has MBA ,
He has real MBA because hs is a CEO
This circular logic escapes me- but doesnt change fact that the only Alameda University school I can find on the internet is a pure diploma mill.
It seems lack of performance doesnt bother you. Lack of degree from accredited school no problem. Lack of bid price or GAAP financial statements dont bother you. I dont mean to be disrespectful but this is so weird anyone following BTDG would think it has any chance to raise $500 million when the only revenue CEO has produced is $25. He could go to flea market and buy products and re-sell on EBAY for more than that !
Have a look at Almeda University website ( I assume this is where CEO claims a degree). Clearly an outright scam- a PhD for life experience for $1,495.( I admit sounds like fun to have a PHD for $1,495.) MBA cheaper and based on "life experience". While I feel sorry for CEO that he needs to resort to such means to build his resume ( and in this economy I suspect he isnt only one) it hardly justifies comments that this MBA qualifies CEO to run any company.
My opinion is the fellows who now own the Sunshine if they are smart wil make an ofer before they start producing to buy control of Chester, production will only make Chester hold out for higher price.
Yes would be nice if Chester posted even unaudited statements as it has a lot to brag about as it seems many investments and or propertie sthey dont fully disclose to investors.However quite clear the net asstes of company exceed teh market cap by several times.
A real sleeper that requires patience, but cant imagine a simpler investment play.
Could you please answer the questions ?
1. CEO Degree from Diploma Mill - You were one who mentioned this as a plus, but simply it appears that the claimed MBA is from a school that doesnt exist , or if it does ( the community college) it doesnt grant MBA's. Sicne you indicate dthis is a plus please do be so kind as to indicate where one can find this school.If it is legit great, but that should be easy to find no?
The issue that he has CEO title therefore confirms he has an MBA isnt logical.
2. Time to get $500 million - This one baffles me. As far as anyone knows BTDG hasnt worked on this deal for 3 years, from filings seems the last few months.
3. The past being referred to can be a guide as to the capabilities of any company or CEO. The question is simple - do you believe that someone after 3 years CEO only generates $25 in revenue has shown the ability to bring in $500 million deals ? You have been posting for years after every press release how things will work out Dont you have any moral responsibility for enticing people to buy the stock with inside information ( which it is ) that " compelling" type news coming.
I am tring to give everyone benefit of the doubt- but promotng a company where CEO has degree apparently from a diploma mill is a bit questionable.
Please name 1 single business initiative that BTDG has announced the last few years that has resultes in revenue, profits or cash flow ?
With all due respect, what university granted the CEO an MBA ? This is not a question of opinion but of fact (a) does the university exist ? (b) and if they do , do they offer an MBA program ? (c) you state many people from that univeristy have MBA's that run companies - therefore that university should show up somewhere no ?(d) If CEO is quoting a MBA from a university that is a diploma mill or doesnt exist, doesnt that concern you ?
Second, you do not seem to understand what insider information is or how the SEC views it. There has been case after case concerning this. Then there is simply issue of fair play- why would company officer and/or director tell one stockholder and not not others that positive news coming out ?
Third,so let's also deal in other facts- please tell me how you believe a company with only $25 in revenue can secure a 100 million pus cash infusion ?
Four,and of course I repeat my question- please let us know ONE single initiative this company has announced the past few years that has resulted in something.
Five, what is "running" a company in yoru opinion ? If BTDG only shows $25 in revenue in their recent filings, do you feel that emans they are in business ?
Please answer the question- you stated he has an MBA but the college/univeristy you mentioned either doesnt exist or is a diploma mill that just sells degrees. Do you have any information CEO has as you wrote a legitamate MBA ?
Why do you keep positing insider information from officers of this company, i.e that this or that will happen or be announced ? In any case they have been announcing all sort sof things lats 3 years which never pan out.
The only specific thing you have mentioned is that CEO has an MBA, yet the college/university mentioned appears to not exist or is a diploma mill. If he is claiming MBA frm a diploma il doe sthat change your opinion ?
You may be correct about the current ownership of Independence as I was going by earlier figure.
As you point out with under 5 million share outstanding even without the Sunshine claims Chester's impleid value over its current market cap.
The Sunshine Chester claims are the jewell in the crown. The Behre Dolbear Ni43-101 originally quoted a resource of over 50 million ounces, but didnt identify which reserves on Chester ground. This is an even betted deal than the old independence Lead- which at $.50 a share and Hecla bought out for over $10.
The Chester claims have interesing history, Under Sterling's CEO Ray De Motte Sterling worked out with Chester for Sterling to own majority. When De Motte left, new team headed by Jim Meek and Roger Voorhees took over they traded for almost no cash the ownership back to Chester.Now new Sunshine owners stuck though with original lease with Chester, which grants Chester 20% of profits from all production from the Chester claims !
Chester therefore has for each share outstanding control of over 12 ounces of silver, or if one uses profit percentage, 2.4 ounces per share of Chester. One day Sunshine owners will buy them out- I think over $10 a share easy.
According to OTC markets the short interest as of May 15th was -0-. The 558,000 figure you refer to apparently for April 30th.
I have no doubt that there will be occasional spikes in this stock but the fundamentals havent changed which indicate the price will begin dropping again. The company may have had some speculative gambling appeal at one point, but seems after years of this the pool of people believing in this stock is or will be disappearing.
Lately ? I wasnt around when he was brought on board- but are you implying he had a positive track record at this company before ?
There is no probability I can see of this company raising $3.4 million, getting permit without conditions or even having regular mill feed form nearby mines in 2013 or maybe not even in 2014. I am not sure why this extremely remote possibility is referred to. Is there any indication that anyone in their right mind would provide $3 million to this company considering its track record ?
The reverse splits are one factor but equally important the incomple,misleading and untimely disclosures, missing projected start dates, and not being able to solve the DTC chill issue. The one area maybe one could say something was achieved, the filing of the permit, was in the end not successful since their original proposal rejected and they had to re-do.Except for keeping their filing current I am not sure what else CFO has done to justify confidence in his leadership.
Or do you mean following diploma mill is where he got his "MBA" from :
" Almeda University, that is not recognized as a legitimate degree-granting university by the U.S. Department of Education or any mainstream accrediting agency, and which has been flagged as a “degree mill” by the Oregon state government."
Where do I find this Almieda College & University ? I did find an Alameda College which is a community college, and no MBA program.
I believe in being objective, and open to reason. Please tell 1 single thing that would make you believe CEO is qualified.
Education ? Seems he doesnt have an MBA from an institution that grants MBA's accordng to prior posts.
Results ? I have asked repeatedly for you to name 1 single accomplishment or executed busienss initiative at BTDG for past three years - you have failed to produce one shred of evidence CEO is qualified.
There is no bid for stock. CEO issued hundreds of million of shares past few years to achieve revenue on last filing of $25 - this is your view of qualified and accomplished ?
There are many elements necessary to prove fraud, but a pattern of misleading press releases and lack of key and timely disclosure could cause at best some retractions required by SEC,at worse the registration revoked.
The orders announced probably were indications of interest packaged as "orders" , and more detail wasnt released to show how useless the orders really were. Add in legal boilerplate about risk factors in the SEC filings then CFO feels he is protected.
Who knows, maybe CFO felt his projections could be met ( which to me implies incompetence), or he felt just a situation of "buyer beware" that stockholders should have realized this was just a sheer speculation, or due to inexperience in this sector and SEC reporting companies CFO felt their press releases were reasonable.
I would bet CFO knows now the mill will not be in operation in September, though has this been communicated to stockholders ?
I really dont understand why you dont answer any of the specific questions.Why would you want "guidance" from a company that for 3 years every single business initiative they announce doesnt happen ? A company that issues millions of shares for a mortgage-lead generation business that has never generated even $1 in revenue ?
There must be some reason that on a board dedicated to investors communicating and doing due diligence that someone promoting the stock refuses to answer specific questions.
Again please identify 1 single thing that would give confidence to an investor that BTDG is capable of implementing any business initiative.I am not even sure BTDG could manage a hot dog stand.This is not criticism of CEO, he just is not qualified for current position- he may be a good technical person. Look at the results and prove differently
For months some have posted about the possibility of mill going into operation this year and company encouraged this train of thought by their projections.
It is now almost mid-June, and company in their last filing estimated $3 million necessary to re-open the mill - and this excludes the aproximate $400,000 a year they have been incurring to run company. Volume at present not enough for convertible note buyers to jump in for any serious investment.
Even if the mill becomes operable there is no indication of any probably mill feed, and potential "mines" require several million at least to prepare for production even under the best case scenario.
Just my opinion but I see no reason to believe there is even a remote chance of mill operating this year.
Let's be logical here
1. Track record is every single initiative announced by this company in 3 years hasnt worked.
2. Everything about the company is unprofessional, financial statements that dont make sense, wording on filings that betray inexperience and ignorance.
3.No evident experience or expertise in financial reporting or anything except perhaps cable business.
4. No cash, revenue $25.
5. There is no deal- there is an indication that someone claims they can back with collateral a potential for someone to issue a standby L/C to back a deal.
Put all these together , why would you feel they are capable of a $450 million deal ?
So your answer is because something was filed ! So if they file that they have found a way to mine green cheese on the moon that alone is reason to believe they can do so ? No offense but there must be some analysis one does to believe such filings.
However maybe you see something I dont-please explain with $25 in revenue how seriously do you believe someone with $450 million would consider BTDG a partner ?
Also, if they believe in fair disclosure to investors, how is it they own a property not disclosed that now they are announcing a $450 million deal ?
Will you please provide some evidence of ability for BTDG to close a deal before presenting to unsuspecting investros such an unlikely scenario.The filings do not present anything remotely representing a sure deal.
Please do explain to me why every single deal never happens, but now you believe this stock with no bid, $25 in rebenue, will get $120 million.From who ?
My experience has been there are people who act a certain way in the internet that they never would in person, but one can discount those pretty quick.But all the buzz useful in these penny stocks to gauge impressions.
I have no comment on CFO's compensation which I havent looked at though I suspect it didnt have much relation to achieving objectives, and his getting a second on the mill and the voting cotrol doesnt seem to indicate board considred the interets of shareholders first.
Perhaps anyone should get paid a basic salary to make a living but how long it should be paid in the face of dismal performacne is another matter. I have a feeling the real question mark in this whole debacle is role of firm that arranged the convertibles and supposedly were to help get "conventional" financing.
Something isnt right about the timing of the latest reverse, and the amount of shares from inception to date issued for services, if someone had access to 144 filings ( used to be on yahoo)it might be quite instructive. Maybe not, but this latest reverse when they still had some room to go on unissued shares really seems odd.
Hopefully now we dont hear any more about the mill going online in september !(Maybe someone should tell CFO to update his website)