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It seems this z-prom thingy is being used by every scammer in town. They've seen how successful AURUS was when they used it.
Aurus has nothing but the name which was bought off a shelf. Overvalued POS.
I read this board almost daily.
Lurking and laughting
Hmm, so you short your own stock in other to get more shares, makes a lot of sense!
"looks liek this company had the right to extract from the dump in 2006 - present , wonder why managemetn didnt tell us this ."
Aurus is a pack of lies. Thats why. management didn't tell you about it. Aurus has nothing. The share price is overvalued.
well if I were Aurus and did in fact sell z-prom...I would quietly buy back as many sahres as cheaply as possible before announcing a divy
If anyone was buying back AURUS shares with money from the sale of a gold mine, don't you think the price will be soaring instead of dropping towards the 0.000001 level?
Yes more excitement is needed on this board but I guess we won't get it. The scam artists on this stock have moved on, leaving investors in anguish of losing their investment.
But it was fun while it lasted. I remember the good old days of buyouts, shareholders' meetings and other promises made that never got fulflled. Then, this board was alive and kicking.
Come on Slava give us some kicks!
is this company just going to fade away.
This company has now faded away. We now get day after day of zero volume traded. LONGS ARE STUCK in and new investors will not get in because of lack of volume. If you buy now, who will buy it back from you later?
Good work cfpjbs!
BTW did your associates manage to buy the 6 million shares in early January when the price was beteeen 0.03 to 0.04? If they did, I bet they won't be too happy now. But they could buy some more at the low price of 0.008, since we now have proof that the company is not a scam.
According to their PRs, they sold $60,000,000 worth of gold in 2007. Since then, they had bought state of the art equipment which could double production to $120,000,000. Wow!
If the share count is only 500million, but the company is worth only $5million, this is a bargain too good to miss.
Why no one is buying this beats me. It maybe because the company has been caught forging documents in the past, or maybe all the unfulfilled promises of the past like buyout at 0.5, shareholders meeting etc etc etc.
My conclusion is as always. BIG SCAM !
You couldn't be further from the truth.
No shares traded = investor support.
Maybe no buyers ,but for obvious reasons.
The scam aspect is ongoing and you are evidence of such.
You can try it But it just won't work with this crowd.
So, in your own trading world, no buying is the same as supporting a stock? Wonderfull!
Please elaborate on this : The scam aspect is ongoing and you are evidence of such.
"MM's are VERY desperate for shares"
I remember seeing this kind of comments when abvg was 0.008. If same attitude is extendes to aurc, it follows that aurc price will go the way of abvg. 0.0025 coming to a screen near you with aurc symbol adjacent to it.
What do you make of the email Buddyrich received from Kagan and Associates?
I think its encouraging, It will give some false hopes to Long and Strongs. At the end of the day price is king. Price trend is down until its not.
Advice to newbies --DO NOT TOUCH THIS until trend changes.
The cheaper it gets the more share you get for your money. Long and Strongs should buy more. Very soon you'll be able to get 1,000 shares with a dollar bill
If you truly believe this is a credible company, why do you need a third party company to supply "more intel to further establish
the Company's credentials as a real gold mining enterprise."
If insiders own most of the shares, they(insiders) can only make money from the company by distributing the profits earned (from producing and selling gold), in the form of cash dividend. This would have driven the price up sharply as public members who don't have shares will pile in, in order to benefit from future dividends.
The fact that this has not happened suggests :
1.Aurus lied about earnings from gold production. (My opinion is that Aurus has never produced any gold)
2.The profit(if ever there was any) has been illegally distributed to insiders and public owners are being excluded.
3.Its all a scam
Some may say that the company paid divi last year. Oh Yeah! we all know what happened after that. That was no divi, that was a pump & dump opportunity.
My opinion remains that AURC is a real registered company, but it was set up to scam the public. The scam has been played out and its dead for now, until someone needs some money again. They will always find suckers for their scam.
It seems there is a deadlock here. No new investors plus long term holders have had their fill. Price needs to break lower to suck in newbies and also prompt longs to keep doubling down. Without new PRS I dont expect this to happen.
Are you still holding some shares?
I'm writing all this to convince you to sell,
I meant not to sell obviously.
Lots of people have there eyes on Aurus, when the good news hits with proven support we will see quick successive rises on multimillion share volumes.
All the recent good news have done nothing to the pps so far. It sounds more like a fantasy than reality. I can understand that you're desperate to get your money back, since you're heavily invested in aurc along with your clients, but the reality is that the price has been falling for about a year now and I dont see what can change this. I mean we've had buyout, shareholders meeting(3x), gold production numbers, bond (3x), joint ventures, exploration etc, and it still continues to drop.
Even 2create who promoted aurc on this board from its inception has told you he'd discovered that its all a big scam.
I'm writing all this to convince you to sell, because like I said before, whether you sell at 95% loss or you wait until aurc completely disintegrates, it make no difference.
By the way, did you colleagues get to buy the 6 millions shares in January?
Divtrader9, why dont you put in a sell order for 100K shares and see how quickly they get snatched up. Just a thought.
I don't have 100k to sell, and I don't think I'm allowed to short this stinking stock.
Since you love aurc so much, why dont you call up your broker and buy 100k and see how quickly the price will fall afterwards. Just a thought
Many here do not share your negative opinion. And many of those that do share your opinion are also not selling.
You've been saying this for a long time now, see where the price is now? You really dont have to sell because there's no point selling now. Between 95% loss (which most longs have) or 100% loss(when this completely disintegrates) there is no difference.
Whether or not my negative opinion is the correct one or not, time will tell. Since I've had this negative opinion for well over a year, time has proven me correct so far. Thestuck price - 0.01c, waiting for a dump from a fed up long term holder to push it into the triple digit decimal places. Notice how the few pops are quickly sold off hence price cant seem to rise above 0.01 for any length of time?
You and many others dont have to agree with my negative opinion, but you will be forced to agree with the current trend of aurc price. Long term trend is down. Midterm - down. Short term - neutral. Overall - down down down.
Judging from recent volume and price action, I think you will have to wait for a loooong time. Even if you decide to sell, there are obviously no buyers around anymore. Any dumping by long term holders will crash the price to triple digit decimal places.
Price and volume are no longer responding(positively or negatively) to their PRs. This stock is dead in the cesspool of other pinks that have been played. Unfortunately, its taken lots of good people with it.
Pink sheet stocks are my lottery tickets, after 20 years of losing 100% of my investments in lottery tickets, AURC is still only down 80% after over two years! I still have 20% of my original investment, only a very lucky few can say the same of the lottery, and most of them are not telling the truth!
Sorry to butt in on this one, but just a thought: You wouldnt bet $1000 at a go on the lottery would you. If you keep aside $1000 for playing the lottery instead of betting on aurc, and you only play say $5/week, perhaps you will still have more than 20% of the money left.
Also if you consider that virtually 0% of pinks gets trully bought out by real companies, the chances of getting any returns for your investment is about zero which is worse than the chances of winning something on the lottery. so I believe that you may be better off playing the lottery than betting on aurc.
griz, I dont gain pleasure from other peoples pain. Read this post of mine and you will undertand how I feel.
Posted by: divtrader9
In reply to: inxy who wrote msg# 97371 Date:3/21/2008 6:08:21 PM
Post #of 98573
inxy, I can understand how you feel. I would probably feel as irritated and frustrated if I was holding a stock and I keep reading negative statements repeatedly. But I will not be bothered if I believe that I made the decision based on good technical and fundamental judgment.
It is not my intention to push your face in it. If I was down 80-90% on my investment, I would most likely just hold on to it until it goes to zero if it will. However I will not go adding to the position, as this will be like throwing good money after bad. My post is not directed at investors who are down 90% on their holding ( as there is nothing I can say or do to help them) but is primarily to alert people who might be considering getting sucked in anew by this SCAM of a stock.
There is a ray of hope for long term holders though. As I mentioned in one of my previous posts, there will probably be a new pump about a new buyout offer. This opportunity should be used to exit at a higher price(I stated the expected levels in my post). I am not advising that long term holders add more at this price level in expectation of the pump because this might not happen until price goes way into the subpenny level.
Nice post!
I like the way you chronicled the price and the optimistic posts. It seems the optimism grows stronger as the price drops. Really it should be the other way round. An investor should be optimistic as his investment grows.
Light at the end of the tunnel though; the penultimate post was followed by a price of 0.01, but the last one was followed by a price of 0.011. If that develops into an upward trend remains to be seen. On the other hand, it could be that when you chronicle his posts again, the price will be 0.005
Now how can a company with only a name be worth the same a Aurc. This shows me Aurc is worth many tons more...Something or someone is going to have to buy this stock much higher.
The problem is you dont know the value of AURC unless you know what the float is. If you decide to base your assumption of the float on hearsay, you could be off the real value by millions.
Also who is to say whether Aurus is not also a company with only a name .
Oh! they have lots of forged documents too.
ibreken, I dont know why you keep bothering with the long term investors who have lost over 90% of their investment. There's nothing anyone can do for them. They are trying to find solace one way or the other, so let them be.
I believe that trying to prove that AURC is real is an effort in futility though. The only hope for long term investors who are down about 90% is to wait for the next pump that is based on a buyout. When that will happen, I don't know. If it happens, longs should take the opportunity to reduce their loss. Unfortunately, this might happen until pps' gone down to 0.005, so any bounce on a buyout pump will only get the pps to 0.015 - 0.02.
inxy, I can understand how you feel. I would probably feel as irritated and frustrated if I was holding a stock and I keep reading negative statements repeatedly. But I will not be bothered if I believe that I made the decision based on good technical and fundamental judgment.
It is not my intention to push your face in it. If I was down 80-90% on my investment, I would most likely just hold on to it until it goes to zero if it will. However I will not go adding to the position, as this will be like throwing good money after bad. My post is not directed at investors who are down 90% on their holding ( as there is nothing I can say or do to help them) but is primarily to alert people who might be considering getting sucked in anew by this SCAM of a stock.
There is a ray of hope for long term holders though. As I mentioned in one of my previous posts, there will probably be a new pump about a new buyout offer. This opportunity should be used to exit at a higher price(I stated the expected levels in my post). I am not advising that long term holders add more at this price level in expectation of the pump because this might not happen until price goes way into the subpenny level.
You are correct. AURC like lots of microcap companies that have things to hide usually hide behind gagged Transfer Agents. It is an attempt to conceal information, so that unsuspecting investors would have no idea of whats going on. This is a red flag for investors.
The SEC warns potential investors to the dangers of losing their money because of scams like AURC in the document posted below. The document also describes how pump and dump schemes work, with reference to providng false and unverifiable information in Press Releases. The SEC knows all about AURC and other pinks like them, but are overwhelmed by work overload, so all they can do is try to warn investors. Its up to each individual to decide whether they heed the warning or not.
http://www.sec.gov/investor/pubs/microcapstock.htm
FANTASTIC POST!
90-95% of pinks are share selling schemes. I would bet that AURC is one too anyday anytime.
This is the aurc scam story so far as I see it.
Buy a shell company.
Move some assets into the company e.g licences to process some dirt/dump.
Sell shares based on a promise to produce gold.
Announce some bogus gold production figures. Sell shares
Announce wider coverage e.g Frankfurt stock exchange. Sell shares
Promise dividend based on profit from gold production. Dump some shares on unsuspecting investors.
Instead of cash dividend give unsuspecting investors stock dividend (they know it will soon become worthless anyway).
Announce buyout offer out of nowhere. Sell shares. Reject offer and announce bigger counteroffer. Sell shares. Agree offer. Sell shares.Promise shareholders meeting.
Cancel meeting. Reset meeting.
File form REGDEX with SEC in order to raise money by selling shares to pay salary, despite announcing sale of $60 million worth of gold.
Announce gold production figures, plan to become fully reporting, bond issues.
Scam gets exposed by John Helmer of Mineweb.
Publish forged documents on website to refute fraud charges.
Press realease to convince more people that company is real.(As if they will ever PR to say exactly what they are - A SCAM)
Next Step in the scam story.....
I don't think there will be a reverse split just yet. I think the buyout story will be pushed again for one last pump. If the pps responds positively and a lot of interest is generated, the insiders will dump more shares, but if as I suspect that investors have almost been completely tapped out the pps will only rise for a couple of days and collapse as its done in recent times. The coming pump on buyout should get pps to about 0.03 to 0.05 if successful. 0.020 to 0.025 is a failure. Then the reverse split will come.
Newcomers beware!
Do you realise that those 200 shares could've been bought on the bid by someone who thought aurc is not worth paying the asking price for?
Who would use his or her money to paint aurc red when the company does a better job of it themselves. A company that posted forged documents on their website deserves to go to zero.
Point out one thing that I've written which isnt true about Aurc and I'll take it back if you can show that I'm wrong.
Have they released the share structure to show insider holdings or outstanding shares?
Have they released their financial statements as they promised?
Have they made it possible to trade aurc on the Frankfurt Stock exchange as promised?
Did they not post documents with forged signatures on their website?
Did they not release about 15 PRS between end of April to End of May 2007? Were over 200 million shares not traded in that period when the 3month average was about 1.5 million shares?
<<<Just maybe investors should take all these false information post and send them to Aurc and the Law Office that Aurc recently hired. >>>
We all saw what Aurus and their lawyers did to John Helmer of Mineweb when he published the articles that exposed the frauds that aurc commited with their 43-101 report saga. The BOD of Aurus met with their lawyers and all they said was that THEY WERE UPSET!
<<<<ADVERTISEMENT
Mr. Helmer claims that the general director of TsNIGRI stated that the reports concerning the assets of Aurus are "fake." "We are most upset with Mr. Helmer, who blatantly incited the shareholders into thinking that the report published by TsNIGRI is false,"
>>>>
You dont have to send my posts to Aurc, they read and follow every post on the board and I have a feeling that they have proxies posting for them too.
Please read the PRs and tell me which ones have not been packed with lies or released to back up a lie or lies.
The game is up for AURC. You will get a pop every now and then to suck people in, but ultimately it will go down. The last pop raised the pps from 0.014 to 0.022, the highest this pop would likely reach is 0.018. All the new entreants who were boasting of getting cheap shares at around 0.019 are now under water. They will most likely be unable to get out evens.
The price should breakout of the downtrend channel if they reveal share structure, produce proof of gold production (by releasing financial statement audited by reputable firm) or come out with a buyer of repute. All these wont ever happen because AURC IS A BIG SCAM!
As I've said before, Aurus is scam because they lied in their PRs to lure people to buy shares thinking the company will do what they PRed, but they have no intention of doing most of these things.
I believe that insiders have sold most of their free shares during the great pump of May 2007 when over 200 million shares traded while they release about 13 PRs in 4 weeks.
Newcomers will do well to stay away from this stock. Wait for the downtrend line to be broken before getting your feet wet with this.
Subpenny here it goes.
if they have anything, they would not be in this hole.
"I really do not have a problem with my position here going to the subpennies and approaching zero. The BOD's shares are doing the same thing. In time the boys will take some freely offered advice and straighten up and fly right. It's their money too "
difference is they got their shares for nothing, you got yours for 10cents or more.
That is your opinion. There is no rule book that says what percentage of the float need to be traded to qualify as a sell off.
if you have 41,000 shares and you sell all of it because you've had enough of aurus' deception, a few (say 10) individuals could do the same, would that be considered a sell off?
The point I was trying to make is that smart guys bought when there was an expectation of good news, its only logical that they will dump after the news especially when pps stalls.
so what's the minimum required volume that qualifies a sell off?
also, the day is still young.
Those who listened to me yesterday when the price was 0.021 would have saved themselves some money.
I wasnt trying to knock aurc. There's nothing I can say or do to knock aurc. Aurc has knocked itself.
Although I do not rate fundamental analysis highly in making trading decisions, Aurc has no fundamental basis to trade at any price above where it is now.
On a technical basis, Aurc is in a long term downtrend. Until it pops out of this, its drip down drip pop drip down pop down....
<<You know as me that pink sheet pps means nothing since 90% of those companies are manipulated....>>
whether a stock is manipulated or not, the pps means something. you will know what it means when its time to sell.... Then it will mean profit or loss.
If at all aurc is manipulated, can you beat the manipulators at their game?
Forget about the manipulation myth. If a stock has sound fundamentals, no amount of manipulation can keep it 3% of a pending buyout offer.
I warned longs that the 'good' news is out of the way and a sell off will follow. can u see who's right now?
Gaourinio , Don't be fooled. Ask yourself this : How many pinksheet company have been truly bought out before? If you do your researdch and find out the answer is like 1 in 1000, this tells you that the odds of aurus ever been bought by a reputable company is almost zero. If you havent bought the stock yet, think well before you buy based on a pending buyout offer of 55cents or whatever that has almost no chance of taking place.