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See rule #2.
2. Don't accuse a poster or a group of posters of having motives or are trying to manipulate the stock. If they post something you don't agree with, simply write what your thoughts are or what facts you have. As stated, if the post questions the previous poster, it's zapped. Simple. So don't say, "You're bashing this stock...," or "You have a personal problem with the company," or "You are a liar", or "Which market maker are you working for," because your message will be deleted. Just state what the information you have is without regard to the other person.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61801541
Great info dredgemaster. It's great to have someone in the discussion with such an in-depth, practical knowledge of dredging...
As always, thanks for breaking it down for those of us who are laymen.
Peace,
Bio
Yes, lots of deleted posts. PLEASE BEHAVE. Thanks for the reminder dagg.
Exuse me B402? Did you say I "spun" a year old statement? Rediculous! I just posted the company's words! Also, I did NOT say there was a JV, or that there WAS financing. I said at least TWICE, that we could speculate ANYTHING at this point because we do not know. I'm sure you can at least agree with THAT statement. So do not accuse me of spinning old PRs. How's this for objective speculation: what if they just increased the A/S so Ken and Tim can give themselves more shares? That's happened historically as well, after all, right? Point is, I don't have to list every single possible reason for the share structure change. As I said we could speculate ANYTHING, but I prefer to wait to hear from the company! That was my main point in both my posts last night.
And yes, the float has changed substantially since end of year 2009, I've posted this SEVERAL times, but no one responded. And yes, no JV (yet)...but we did acquire Cabot (and shares were exchanged), we did get financing (and shares were exchanged), we did sign an option agreement with Vale. So it's not exactly like we have had no reason to change the share structure.
Anyways, my point is we have no clue what to expect at this point. I am surprised that you did not see my attempt at objectivity, and apparently misinterpreted it is "spin" or hype.
One this is for sure, we should be getting a lot of answers soon...they are DUE...actually OVERDUE. Each investor has to make up their mind if they want to take the risk and invest here, as with any stock. In any event, I wish all well. Gotta get to work now.
Peace to all
With regard to the filings: Sure, if they aren't filed tomorrow, I acknowledge that the pps could take a dip. At this point, it's up the the individual to decide if they're willing to take the risk and hold, or pull profit. Tomorrow's the last day to file "on time" within the 15 day extension. So, we'll see how things pan out. If they're late, well, I guess it'll just be a good buying opportunity for those that are willing to take the risk and hold. If they file tomorrow, then that'll be even better. Either way, we won't know how she goes until tomorrow.
I do have a feeling though, that a LOT of folks have settled funds on the side just waiting to buy in once they see those filings. So, when they do hit, it should get interesting...especially with production updates.
Peace,
Bio
For what it's worth, April 8th is "IN" the two week period following the March 31st PR. Sure, we could debate the semantics of using "within" or "in," but I'd rather not...I'm a Biochemist, not an English major. LOL
The dredges and operating equipment are mobilized to the site preparing to commence dredge operations. The Company has also secured a compound in Freetown where the recovered materials will be transported from the field operations, stored and processed for gold and diamond separation prior to shipping the Rare Earth Elements. Operations should get underway IN the next 2 weeks.
http://www.marketwire.com/press-release/Sunergy-Files-Form-NT-With-SEC-Extension-15-Calendar-Days-File-2010-10K-Dredges-Operating-1420260.htm
Biochemist2002
Thursday, March 31, 2011 8:48:34 AM
Re: daggfish post# 17649 Post # of 20839
Very true dagg.
Actual production may not be announced for two weeks, but I have a gut feeling, that with the dredges on-site now, they'll take the dredges for some "practice runs" ;)
I HIGHLY doubt the guys are going to be able to contain themselves as they look at those shiney money-makers sitting on the shoreline. Ha!
Thanks mappo.
Yeah, I honestly have no clue what to expect. We do have some history to aid in speculation (i.e. the PR I quoted, and the historical change in the O/S preceding the PR for financing in Jan 2010).
I just can't say for certain, and would personally prefer to wait until the company outlines any specifics. Like I said, there could be several reasons for the recent changes, and we could speculate just about anything. Whether good, bad, same-same, we should be getting some answers soon. We know the Kat Gold filing is due tomorrow, and we've been expecting several other updates for a while now, plus the change in the share structure...makes me think we'll be getting some updates/clarification/etc soon (yes, I realize we've been saying "soon" for a while now, but you know what I mean, LOL). I really wish I would be able to follow along tomorrow, but I've been so busy lately that it's been very difficult to follow all the posts, and will be out all day again tomorrow for work obligations.
You guys behave while I'm gone, okay. Just kidding. LOL.
Good luck all.
Bio
Bulls, bears...You know, I've never much been into sports. I do like to play stocks though. One thing I've learned is that the market today is the market today...not the market tomorrow or the market yesterday. Any market can change in an instant, literally. Speaking of which, yes, Kat Gold's filings are due tomorrow, so we'll see how tomorrow goes.
I'm very curious about the changes to KATX's A/S as shown on the Nevada Secretary of State website.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d
Why would KATX need to increase the A/S by 250 million? Maybe a JV is the reason, as suggested in last year's PR:
This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued.
http://www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1185446.htm
Technicals never go out the window...they simply get re-interpreted....this could be debated but it wont be necessary. I am not trying to change your mind
We'll see how it goes Thursday and Friday. But you have to admit, today was sure impressive.
As you know, I'm not a pro with technical analysis, but if financials hit Thursday (or Friday by latest), accompanied by a bang-pow PR, then I'd throw technicals out the window (at least until things settle following a nice run)...as they say, news trumps charts.
On the other hand, if financials are delayed again, and we do take a dip like we saw just before the 3/31, it would be a good buying opportunity for those looking to add to their position. IF that happens, I'm not worried...either way, still a lot of opportunity for growth here, especially with dredges mobilized to the site already.
Good luck,
Bio
Fantastic information 'dredgemaster'
Such a wealth of practical information with regard to dredging and alluvial mining.
Great posts: http://investorshub.advfn.com/boards/profile.aspx?user=254472
Very much appreciated,
Bio
P.S. I've been out all day, but wow...what a nice surprise with SNEY.
Thanks for the info dredgemaster. Welcome to the board. Person mark for you.
Bio
Fantastic day all. Moving up, and production and filings should be soon.
My apologies for the lack of posting these past few day. Been extemely busy.
Nice push through .014 today by the way.
Good luck all.
You better not resign. LOL
Solidgold, there is absolutely NOTHING wrong with stating an objective opinion...which includes looking at ALL or at least multiple perspectives.
In any event, keep posting. I appreciate your blunt nature.
FYI:
Company Uses Cells From Abortions to Test Artificial Flavors
by Steven Ertelt | Washington, DC | LifeNews.com | 3/29/11 11:44 AM
http://www.lifenews.com/2011/03/29/company-uses-fetal-cells-from-abortions-for-artificial-flavors/
PrintEmailNational 12.6KShare
A pro-life group that monitors the use of cells from babies victimized by abortions is today highlighting a biotech company, Senomyx, which it says produces artificial flavor enhancers using aborted fetal cell lines to test their products.
The group Children of God for Life is calling for a public boycott of major food companies partnering with Senomyx.
Debi Vinnedge, the director of the pro-life organization, tells LifeNews.com today that, in 2010, her group wrote to Senomyx CEO Kent Snyder and pointed out that moral options for testing their food additives could and should be used. But when Senomyx ignored her letter, the group wrote to the companies Senomyx listed on their website as “collaborators” warning them of public backlash and threatened boycott. They included food giants PepsiCo, Kraft Foods, Campbell Soup, Solae and Nestlé. (See update below.)
“The company’s key flavor programs focus on the discovery and development of savory, sweet and salt flavor ingredients that are intended to allow for the reduction of MSG, sugar and salt in food and beverage products,” the Senomyx web site says. “Using isolated human taste receptors, we created proprietary taste receptor-based assay systems that provide a biochemical or electronic readout when a flavor ingredient interacts with the receptor.”
Vinnedge says a boycott is important because the collaborating companies provide Senomyx with research and development funding plus royalties on sales of products using their flavor ingredients.
“What they don’t tell the public is that they are using HEK 293 – human embryonic kidney cells taken from an electively aborted baby to produce those receptors,” she said. “They could have easily chosen animal, insect, or other morally obtained human cells expressing the G protein for taste receptors.”
Vinnedge says she has contacted the food companies working with Senomyx, but said it took three letters before one company, Nestlé, finally admitted its relationship with Senomyx and company officials claimed the line of cells from abortions was “well established in scientific research”.
Both PepsiCo and Campbell Soup also responded.
PepsiCo wrote: “We hope you are reassured to learn that our collaboration with Senomyx is strictly limited to creating lower-calorie, great-tasting beverages for consumers. This will help us achieve our commitment to reduce added sugar per serving by 25% in key brands in key markets over the next decade and ultimately help people live healthier lives.”
Related Links
Children of God for Life
Campbell Soup officials told the pro-life group: “Every effort is made to use the finest ingredients and develop the greatest selection of products, all at a great value. With this in mind, it must be said that the trust we have cultivated and developed over the years with our consumers is not worth compromising to cut costs or increase profit margins.”
While Campbell Soup didn’t state they would change their methods, their response, gave Vinnedge hope.
“If enough people voice their outrage and intent to boycott these consumer products, it may convince Senomyx to change their methods,” she said. “Otherwise, we will be buying Coca-Cola, Lipton soups and Hershey products.”
UPDATE: Within hours of its press statement to LifeNews.com, the pro-life group received notice from Campbell Soup that the company has severed its ties with Senomyx. Juli Mandel Sloves, Senior Manager of Nutrition & Wellness Communications at Campbell Soup Company, told Vinnedge, “We are no longer in partnership with Senomyx. This fact was discussed during the Senomyx conference call with its investors earlier this month.”
ACTION: Contact the companies at:
Kent Snyder, CEO
Senomyx
4767 Nexus Centre Drive
San Diego, California 92121
Edmund M. Carpenter, CEO
Campbell Soup
1 Campbell Place
Camden, NJ 08103-1701
Paul Bulcke, CEO
Nestlé USA
800 North Brand Boulevard
Glendale, CA 91203
Jamie Caulfield, Sr.VP
PepsiCo, Inc.
700 Anderson Hill Road
Purchase, NY 10577
Irene Rosenfeld, CEO
Kraft Foods/Cadbury Chocolate
Three Lakes Drive
Northfield, IL 60093
Mr. Torkel Rhenman Chief Executive Officer
Solae
4300 Duncan Avenue
St. Louis, Missouri 63110
Certainly lots of potential dagg.
Imagine SNEY sitting at just .35
We both know of another play, that went from .00s to .25 in a couple short months, and it was an exploration company, whereas SNEY will be in production in the near term. Exciting indeed.
Bring on those filings, and crank up the dredges.
Peace,
Bio
Fantastic find daggfish! Nice to see Sunergy getting noticed.
I should clarify,
TinkerBelle put together the nice map on top of that post. I don't recall who did all of the other maps that followed (under Tink's map), as many were done at various times over the previous year and a half. I believe Rick-UK was the person who did those or probably most. If I'm mistaken, or not giving someone their fair credit, please correct me, so I can make certain the correct people get their due credit.
Peace,
Bio
That is one opinion.
I have seen it from both sides, and tried to be objective.
As has been stated numerous times before, time (and the drill) will tell.
The rest is just opinion.
Thanks for all the kind compliments, but I must give the credit to 'TinkerBelle' for the fantastic job she did delineating the various claims and nearby explortion.
Admittedly, I initially did not want to post that Vale dropped all those claims because I felt it would reflect poorly on KATX's chance for success on the Luckies and the remaining Vale claims. That is a natural, initial response, and I noticed that many others also felt it didn't bode well for the remaining Vale claims around the Luckies.
I was thinking along these lines: Suppose Cache Exploration did a drill program right next to RR and got nada, I wouldn't brag about that...ESPECIALLY since it's right next door to RR. It's like bragging about how great your house is because the surrounding neighborhood is terrible.
HOWEVER...here's the difference, because Vale dropped so many claims, yet did NOT drop these, that makes me think that Vale still feels confident in this area near Luckies, and THAT is the reason why Vale kept these claims. So, now I do see the importance of Vale's retention these particular claims surrounding KATX's Lucky properties. Now, I do not know for a fact what's going on with Vale and the Luckies...but I would assume, as they get closer, we should hear news of a drill program or other exploration commencing on the Luckies.
The original map was posted previously, and was a "zoomed in" version with a bull-seye.
http://a3.sphotos.ak.fbcdn.net/hphotos-ak-snc6/205675_201960049834717_100000621705094_603776_2298179_n.jpg
I asked 'TinkerBelle' to zoom out for a reason...to show as many kat properties as possible along with other company claims, so investors can see how these properties are related to each other and to surround exploration programs, and to keep an eye on other compnany drill resuts for future DD. In addition, she outlined the current claims held by Vale, so readers can clearly distinguish wich claims they currently hold. This wasn't on the original map. FYI, the original claims Vale staked are the dark green-gray ones
As you can see, she did a great job (scroll all the way down for close-ups),
and here's the original claims on the northern end:
for more perspective:
more perspective in the southern area...
Don't the forget the master plan...
I can't wait to hear confirmation that production has commenced...
Maybe they'll do another "on the fly" video from the field, and we'll see another giant cobra. LOL
Nice valuation. Even considering routine downtime for equipment maintenance, I think SNEY will do just fine. To be honest, I'd be happy with 1/2 or 1/3 that amount per day. Of course, the more the better. It will be nice to have more money coming in as well, so they can proceed with the master plan:
These three 8" dredges are capable of processing about 40-50 tons per hour each for total processing of about 120-150 tons of material each hour. The plan is to deploy around a dozen or more additional dredges over the next several months.
http://www.marketwire.com/press-release/Sunergy-Orders-Initial-Equipment-Commence-Recovery-Operations-Rare-Earths-REEs-Gold-1350715.htm
...Sunergy President Bryan Miller says: "...Allied's existing 6" exploration dredge will be shipped to Ghana to start operations on our 150 sq. km. Offin River concession and of the next three 8" Custom dredges expected to be ordered shortly, one more will go to Sierra Leone and two will go to Ghana. We plan to deploy around a dozen dredges in each river system over the next several months. A dozen dredges allow for from 1800 to 2160 tons/hour of material processed"...
http://www.marketwire.com/press-release/Sunergy-Arranges-Asset-Backed-Financing-Initial-Equipment-Commence-Recovery-Operations-1358088.htm
Interesting catch. I'll be sure to look for the pdf when it posts.
It may be a little while though, because they are sometimes "classified" for a period of time (at least that how some of the others I've seen are done. I'll check back though.
Thanks for posting.
Bio
RULES AND HOW NOT TO GET DELETED:
A nice summary from 'illflyifyoubuy'
STAY ON TOPIC...
IF PART OF YOUR POST IS OFF TOPIC, IT'S DELETABLE..
IF YOU'RE POSTING ABOUT DELETIONS, IT'S DELETABLE..
IF YOU'RE POSTING ABOUT OTHER STOCKS, IT'S DELETABLE..
IF YOUR POSTING ABOUT ANOTHER PERSON AS A PERSON, AND NOT ABOUT THEIR POSTED STATEMENTS...IT'S DELETABLE...
IF YOU'RE POSTING ABOUT SOMETHING THAT'S NOT MATERIAL TO [KATX], IT'S PRODUCTS, PEOPLE IN SOME SIGNIFICANT/MATERIAL WAY..IT'S DELETABLE..
AND IF YOU'RE ABOUT TO WRITE THAT ANY PARTICULAR "SIDE" IS FAVORED...SAVE IT...READ THE ENTIRE DAY'S POSTS...AND SEE WHAT REMAINS ON THE BOARD...EVEN THE MOST OFFENSIVE, IF NOT AGAINST RULES, THEN IT STAYS...SO SAVE TALK ABOUT FAVORITISM.
THANKS,
--------------------------
[please read and understand]
HOW NOT TO HAVE YOUR MESSAGE DELETED 101
1. If 90% of your message is about the company, but 10% is about the poster, it will be deleted. So, as soon as you write, "You post lies or you post false information...," or "You have a negative agenda and only post opinions, I have facts," the message is gone. Just post the opinions or facts about the company without engaging the other person. You simply don't need to include the extraneous flames on the other person.
2. Don't accuse a poster or a group of posters of having motives or are trying to manipulate the stock. If they post something you don't agree with, simply write what your thoughts are or what facts you have. As stated, if the post questions the previous poster, it's zapped. Simple. So don't say, "You're bashing this stock...," or "You have a personal problem with the company," or "You are a liar", or "Which market maker are you working for," because your message will be deleted. Just state what the information you have is without regard to the other person.
3. Don't include comments like, "This will probably be deleted," or "my messages were deleted," or "why aren't the basher's posts deleted", because if you do, they are required to be deleted. The proper way to appeal deletions of your posts, is to click TOOLS then MY REMOVED POSTS. You can appeal unless Administration deleted it.
4. Don't attack or question the mods because you had a post deleted. Understand that if you want to discuss something with a mod, send a PM. If you can't send PM's because you have a free membership, then buy a membership.
5. Don't send messages that should be private through the public board. Don't say, "contact me on Yahoo," or "I need to talk to you in private here's my email." If you can't send a private message because you're free, pay for a membership. Or, sneak it in on a non-stock board. Don't clutter the board with invites to share info privately.
6. Don't repeat the same thing over and over. Don't post about other stocks. If you repeat the same thing, or post about other stocks, it's considered SPAM. I'm all for dialogue and debate, but posting duplicate messages just to annoy each other or intimidate, will be deleted as duplicates.
Here is the link to IHUB Rules for Deletions
http://ihwiki.advfn.com/index.php?title=Handbook#Deletion_of_Posts
Everyone should read them before posting so they understand IHUB Rules. You don't have to agree with them, but you have to follow them.
Yes, and thank you. Can you please label who owns what for new folks, and outline the claims (maybe using different colors). I believe we just used Microsoft Paint to label the old map and outline areas.
That would be a huge help,
Bio
P.S. If you alredy did that and I missed it, please post as a reply to this message.
Here are the links to the two work reports referenced in the Mineral Rights Inquiry Report you linked to:
http://gis.geosurv.gov.nl.ca/geofilePDFS/WBox028/012H_1857.pdf
http://gis.geosurv.gov.nl.ca/geofilePDFS/WBox027/012H_1780.pdf
You can compare some of this data (plotted on maps within the reports) against the recent Phase I drill program results plotted on the map in my DD summary in the stickies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58565221
I figured I'd pass this along if anyone is interested.
Enjoy,
Bio
Fourth green day in a row. Nice end-of-day come back.
Tomorrow should be interesting.
Peace,
Bio
A slightly different opinion
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61593043
Granted, we're all entitled to change our minds.
Personally, I didn't give it much thought. It was already widely speculated that the company was not going to be able to get those out by the 31st, even on March 29th and 30th on this board. I'd also note that SNEY is currently non-reporting and didn't even have to file the NT, or the 2010 financials. Admittedly, the last PR seemed to suggest that they would have the 2010 10-K by the 31st, or that it was "due" by then. Again, it's only "due" by then if they plan on filing in the first place. Seeing as how a non-reporting company isn't required to file those, I'll take that as a positive that they actually intend to file and get current.
Best,
Bio
Huh? The facebook page is not there anymore.
http://www.facebook.com/profile.php?id=100002154932963&sk=wall
"Page not found."
Oh brother. LOL.
I'll check tomorrow.
Good night guys.
Peace,
Bio
Fantastic DD Gutts. Now THAT'S what I'm talking about. Excellent links. Did you read some of the historical numbers on some of those wells (of course I'd like to see documentation though)? Ha!
I don't know guys, but assuming we're about to partner with Mr. Humphrey (or already partnered), this could get very interesting (as if this latest turn of events is not interesting enough).
Of course, this is assuming we can get back to trading and get current. If we have to start back at the Graysheets, fine. Ever seen some of the well-established Canadian companies that trade on the TSX? Well, fully-reporting companies on the TSX often are dual-listed on Graysheets for the American investors. Of course I'd still prefer NOT to stay on the Graysheets, and would still like to see the filings and completion of the SEC investigation before I get too excited. But, assuming they can satisfy the SEC's issues, I have a feeling CoreStream could do just fine...BUT like Scotch says, "that's a big IF."
But, just to be safe, I'd like to see data and clear-cut contracts/filings first.
Good luck all,
Bio
Couple thoughts...
I wanted to pass along a couple thoughts from one of my trusted friends/advisors with regard to KATX/Kat Gold. I asked for an honest, "no fluff", straight-forward opinion. Everyone is of course free to agree or disagree with one or all of these points.
I asked for an opinion on the possibility of the distribution shares being issued with the "restricted" legend, as suggested by BigOwl:
… there may be an issue over when these shares become unrestricted and clarity is needed regarding this date of issuance vs laws governing said shares. Even though this seems a moot point, the delays regarding issuance may change when they become unrestricted and whether or not Ken was successful in having these issued unrestricted. I don't know, but hopefully this will be clarified by the Company in the next filing.
Successful uplisting and "trading" of BVIG has always been a primary concern for liquidity; scrutinizing of filings by the SEC caused delays and financial impairment. However, the Company's silence, lack of communication, and lab results are all contributing factors. …it's difficult to properly evaluate the Company's Financial status, Kat Exploration uses an alternative "unaudited" means and Kat Gold Holdings uses "audited" reports which are merely for paper filing requirements and certain tax purposes. (Notice I said tax purposes which they can use to their advantage). With this and the time of year, the current 'Status' on the Nevada SOS for both Companies: Kat Gold Holdings deadline for the List of Officer's is June 30, 2011 and Kat Exploration remains in 'Default' status, leads me to speculate their time line for the possibility of a R/M is before the next quarterly and they may be providing disclosure within the upcoming week as per their delayed filing.
We are aware Ken awarded himself and executives shares designed to maintain control, but they were not purchased. This structuring caused concern and debate over the real intent (justified or not) and moreso what will happen when they become unrestricted. There's always more than one reason to do something and the only constant is change.
...There's no benchmark price to raise capital in Kat Gold Holdings and any potential investor would not be willing to do a private placement even with a discount from the public trading price unless it's rock bottom...or there are some compelling reasons, e.g. lab results. I believe the Company's initial intent was to have Kat Exploration carry the debt, but the aforementioned events have forced them to reconsider their plan and with limited options. Ken has not lied to investors, but he does not spell out the intent clearly or address certain issues in a timely fashion...
If all holding requirements are satisfied (that is the key), having the legend removed is completely Ken's decision (he is the issuer of the security). If not, any disputes would come under Nevada State Laws and not SEC regulations which are federal. Nevada Laws tend to have many loopholes which protect Companies and not always the investors. I haven't looked into this particular situation and hopefully I won't need to as long as Ken keeps his word.
I read BigOwl's posts and the replies...
… If there are issues pending with a R/M or financing...may be forced to wait until those steps are completed to have the legend removed, but that could back fire [i.e. investor's could be upset]...At this point he should have the legend removed and let investors decided whether to hold or sell. That in itself would go much further.
Here's the SEC link regarding restricted stock, but I will look into the Nevada Laws if it becomes an issue.
http://www.sec.gov/investor/pubs/rule144.htm
There will not be a short squeeze, MM's simply take a stock lower to cover, and do...
Reporting of shorting in KATX does not automatically mean those shares are naked shorted. Short numbers are reported mid-month and end-of-month in order to provide transparency and reduce the possibility of naked short selling. However, as I explained in a previous email, this shorting easily occurs within the electronic trading system and the fallacy behind these numbers often translates as simply a piece of paper reaching its destination to confirm settlement.
That being said...
[There are] many misconceptions regarding naked shorting and an OTC being halted.
FINRA regulates broker-dealer activity on the OTC markets. Many of the Rules which used to apply to only FINRA.BB are now being applied to all OTC equity securities.
Overview of the OTC...
http://www.otcmarkets.com/learn/company-overview
What About the FINRA BB?
FINRA operates an electronic bulletin board for OTC stocks which they call the OTC Bulletin Board. Quotation on the FINRA BB is limited to SEC reporting issuers and community banks who file with banking regulators. Over the years, this has resulted in the false perception by investors that the “best” OTC securities are on the FINRA BB when, in fact, it has no financial or qualitative standards.
Virtually all securities on the FINRA BB are also quoted on the OTC Link system. Furthermore, there are approximately 1,000 SEC reporting companies that are quoted on OTC Link and not the FINRA BB. In an effort to better distinguish all OTC securities that are reporting with U.S. regulators, OTC Markets Group created the OTCQB tier. See OTCQB Fact Sheet for more information.
What about the misconception of Reg SHO and Naked Shorting?
Regulation of the OTC Equities Market...
http://www.otcmarkets.com/content/doc/otc-market-regulation.pdf
Short Position Disclosure FINRA Rule 4560: FINRA members must report their short interest positions in all OTC Equity Securities, including OTCQX, OTCQB, and OTC Pink securities, mid-month and end-of-month. Short interest reporting brings more transparency to the short selling activities by member firms, and reduces the possibility of manipulative behavior associated with naked short selling.
Naked Short Selling Prohibitions
FINRA Rule 4320: FINRA applies short sale delivery requirements to those equity securities not otherwise covered by the delivery requirements of SEC Regulation SHO. Reg. SHO applies to all securities of all reporting issuers whether listed for trading on an exchange or quoted in the OTC market. Rule 4320 expanded Reg. SHO requirements for FINRA member firms to include non-reporting OTC Equity Securities. Together Reg. SHO and Rule 4320 are designed to limit the possibility of abusive naked short selling in tall OTC securities.
Initial Quote Disclosure Requirements
FINRA Rule 6440: To initiate quotations in a new OTC security or resume quotations after a four day absence or SEC suspension on the OTC Link or FINRA’s OTCBB interdealer quotation systems, a market maker must first obtain and review certain specified information regarding the issuer. The information is supplied to FINRA on Form 211. When approved by FINRA, the member may submit its quotation to the OTC Link or the OTCBB, as sufficient reliable current information is available in the marketplace to support the member’s quotation.
Trading and Quotation Halts
Rule 6460 and 6460.01: FINRA’s authority includes power to initiate trading and halt quotation in all OTC Equity Securities. Rule 6460.02 identifies certain factors that FINRA may consider in determining at its discretion whether to impose a trading and quotation halt in the OTC Equity Securities market. FINRA surveillance of suspicious trading activity by member firms may now bring a regulatory halt to protect investors in OTC securities
Hmmm. Anyone notice the Form T trade afterhours for 600 shares at .0137?
http://ih.advfn.com/p.php?pid=trades&symbol=SNEY
What Does Form T Mean?
A form required by the NASD for reporting an equity trade executed after normal market hours
http://www.investopedia.com/terms/f/formt.asp
From Twitter:
http://twitter.com/corestream
To the supportors of CoreStream Energy. We will start trading I am told on 4/14/11. We are behind in ou[r] 10q's and some requested info.
about 3 hours ago via web
We will fix it!
about 3 hours ago via web.
Please don't pay attention to rumors that make no sense.
about 3 hours ago via web.
We are still very commited to our energy path and will update the market soon!
about 3 hours ago via web.
We are still very commited to our energy path and will update the market soon!
about 3 hours ago via web.
http://www.facebook.com/profile.php?id=100002154932963
18 minutes ago via web.
SNEY is holding up nicely against the 5-day MA (.0122).
http://www2.barchart.com/technicals/stocks/SNEY
Looking good to me guys. Let's see how she holds up end-of-day.
SNEY did acquire Allied Mining & Supply, which has been in business for a while with mining supply sales and alluvial mining operations in Sierra Leone. I would just make one correction though, and that is that shares were issued to acquire Allied Mining and ALL their assets/properties/etc. SNEY also did raise money for operations and purchasing dredges by private placements.
But yes, they are currently debt free, do have income (Allied's sales and mining), and will commence river dredging soon and carry on throughout the rainy season.
http://www.alliedminingandsupply.com/index.html
Well, I can prove they exist:
SNEY is still looking good to me. Check this out...
read down to see my other comments
After two more green days in a row (following the only two red days in a good while), here's where we stand:
We're looking good by the 20, 50, and 100-day Moving Averages, and just a tad below the 5 day MA (only by .0001).
http://barchart.com/technicals/stocks/SNEY
We climbed nice and steady for an entire month. I acknowledge being below our recent high of .0165, but there are several reasons, IMO. One, simple profit taking after a month of climbing. Second, many speculated they'd be delayed on finishing up the filings. With regard to that, I'd just add that this company is in Caveat Emptor status and is currently non-reporting, therefore not even required to file. Yet they did file for an extension on the 2010 10-K. Why bother filing that if they have no plans on getting current? Why not just stay non-reporting?
This tells me that they do plan on getting current. The company has already PR'd that manangement has already reviewed and signed off on filings, and the auditors are doing their part. Folks are free to believe or not believe the company's PRs, but the same can be said of ANY company. I tend to believe them, else why bother with the recent NT (filing extension), or for that matter, the last couple 8-Ks outlining various capital campaigns, acquisition of Allied Mining, and purchase of the dredges? I see it all the time...pinksheet companies saying they "acquired" this or that, or they raised money, yet you never see the filings. SNEY did file those details. There's nothing more frustrating than having to guess at the terms of an alleged "acquisition." If anyone is curious with our acquisition of Allied Mining & Supply, they're free to read the details here:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7694198
That's just my opinion.
Bio
Pro-trader
I will confirm that I've seen that email. But I can only vouch for the authenticity of emails sent directly to me.
I will say that I've forwarded several of Stan's comments (to me and others) to Ken for a response, but received no response.
Out of respect for the board, that's all I'm going to post about Stan's emails.
I'm assuming pro-trader meant they were about to become "unrestricted." Unfortunately, he is correct.
They're not new shares though. Ken and Tim issued those shares to themselves about a year ago. That's when the share structure changed dramatically.
He said it was to maintain control of the company.
They are already figured in to the A/S, O/S, but I believe will be reflected in the float upon becoming unrestricted.
Seeing as how the rationale was to protect the company (maintain control), I'm not sure they would sell them.