Leave me alone
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It took me a while to pick these up. At one point I picked up 2 shares at .0002. I'm holding about 12 million at this point. Hoping for news soon. Also trying to send business to the company as well.
I had some positive news.. I picked up those cheap shares! Thanks for dumping.
I have an order sitting to load more in case someone dumps. Without News though, I am not willing to go any higher to buy in.
History of this is that the first thing Adam Carter said was, he agreed that a mistake could have been made. He was then sued and didn't respond. Default Judgement is in place at this time. Now, assuming that CRGP is legitimate, they will cover this. If they are indeed a scam company that doesn't exist, there will be no action.
The lawsuit was filed very quickly and default judgment granted. The purpose of the receiver was in hopes of clawing back the 4 million from the company and other shareholders. This keeps them from having to find the parties and extracting the money from assets. Motion was apparently denied. They will have to figure out a way to get the money from Calisio.
I hope they reappear and clear this up, but I am of the opinion that they probably will not.
I stand corrected.. you are right.. it is no longer traded or quoted via OTC. They list it with the skull and cross bones.
I am not convinced that David is a crook though. He actually knows the industry of trucking and I have spoken to him.I could be wrong of course.
Has anyone asked him what the lawsuits that are being settled are about?
I would say that it did help some based on the lack of dumping.
I have been doing my own research in to the company and his other ventures (David F). I found the office location is in a shopping center on the second floor of a building housing a Panera Bread and a bank.
Also have looked at his other company he is a CEO of NLEF. It is still traded but gets PR on the same days as IFCR. I wonder if he is using the same auditors for both ventures?
Just a theory on why nothing has been released.
If I were in charge of the company and was embroiled in lawsuits that are the result of other peoples mistakes. I would do exactly what they are doing here. Pay them off in shares and then do nothing to improve the price while they are diluting and selling. Why would you do them a favor.
If they start releasing positive news and earnings while dilution is going on from suit settlements being sold, your price does nothing but sit still.
Once all of the dilution shares are sold off, you can release your news, financials and filings. Your price should be able to climb if the dilution is over with.
We all know this. Our uncertainty is based on the lack of information flowing to us as well.
Pennies are a gamble, but you get in at the right level and you can make a lot of money.
I agree. I have been adding shares when I can. Trucking is a tough business, but money can be made.
There have only been 1,610,000 shares traded today.. at this price that is $300 and some change. Dumping should look more like 100 million in volume. Or am I wrong?
When the dumping stops the price will stabilize and climb gradually. Or it won't. Its a gamble, but at this price it is pretty low risk.
I get a response pretty quick, but he just says to call this weekend. Looks like dilution is stalled or over. If I can get in touch I will post what info I can regarding the conversation.
GLTA
Thanks. I keep watching the Nevada SOS site for changes filed. Nothing yet.
Oh? Would you mind sharing additional details?
If Volume is only 1 million, how is that dumping?
Someone with only 7.01 in there account?
For every 5 cents per gallon your freight goes up or down 1 cent. At least that is the way I was taught. If you can get lower fuel and not have to cut your rate then you make more money for a while.
If they are issued in Lieu of salary then he worked for the shares. There is some equity in there and depending on what his negotiated salary is you can divide that salary by the number of shares to get his average price. There is nothing wrong with executives who work for shares only. They have a greater incentive to increase share holder value as it is how they will make the most money. Anytime I could do consulting for shares, I know I would do it. It just makes sense.
That is a good description of how this should work. Thanks for posting.
I usually try not to, hurts my head.
This will play out how ever it plays out.
Anyone get the form to fill out once you sent your proof of ownership? What would be a reasonable amount of time for that? Why can the company not get this information from the TA? They didn't ask me to prove ownership to pay the dividend. Would it not be that same list?
What ever they send me, I will run it by my brokerage firm and possibly an attorney before I send it back to them.
Share buy back could help, but the company needs to establish a cash reserve to do that.
Several things can happen when a company starts talking like this. Share buy back if cash permits or a share restructuring via a R/S. 4 Stocks I owned have done this in the last year. 3 of the 4 held their value, the last one, continued to dilute and the price crashed again.
Trucking is an interesting industry. Probably 40% of your expenses are fuel and maintenance in older fleets. If they are upgrading the fleet to newer models the maintenance and fuel levels should be lower. The DOT can cost you money as well. However there is money to be made. Management is the key to how this is going to fare long term. They appear to be saying the right things, for long term growth in share price. The path has yet to be determined I believe.
I have not read through all of the financials at this point but I will. I will share anything I learn from it.
Not being psychic I am not sure why they did not just give the money back. What I did see though was the email that said they were looking in to it and were working to sort it out. The suit was filed very quickly and I am not certain that once it was filed if just paying them was an option. Being a public company, I am certain has some rules on this.
Truth be told we are either going to make money or we were robbed. I am working diligently to find out the process or path that Milagros wants us to follow to convert our shares. I am aware that this could be a ploy to only get us to divulge enough personal information to steal our identities or clear out our accounts.
I would think that if there was a violation by them at this time the SEC would have halted but who really knows.
That could be a market maker signalling a buy or sell.
Here is the only thing I have ever found:
100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take (or I am taking) the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock.
a 6 could mean anything at this point.
Yes it is pretty simple actually.. you just find a buyer and agree on the price and trade your money for their stock or vice versa. The company you own shares in may also wish to buy them back. They could also provide you a list of other shareholders to contact to unload your shares when you get ready to.
I could float you a theory on why there was no response.
Adam Carter agreed that CRGP should not have gotten the 4 million and that he was trying to work with Finra to get to the bottom of it. If they default lose the suit they owe the 4 million back to COR. I did not get the impression that paying the money back was at issue. Why waste money on a lawyer or the process if you have no issue with giving the money back?
I think that claw back will not happen. I also believe that there will be a buyout from Millagros / shares converted.
Fink, got your message. I actually just heard back from them. I would recommend anyone who is wanting to stay invested send them a note. I am not certain of how they would feel about me sharing the info, but I will say I heard from them and he gave me a breakdown of the process to get your shares converted over. I will update once I am sure of what I can share.
Fink. What is the form of proof that they are looking for? I have made several attempts and am getting no-where fast.
Thanks for the clarification. I am part owner in a small trucking fleet. If I see anything that throws a red flag on this I will share with the board. GLTA
What are they having audited? Financials or is this a DOT audit of operations?
I am new to this board and researching the company. I do have a position in the stock. I also have a slight knowledge of the industry and how it operates. Gambling on this one. Haven't decided if I am going to turn it in to a long hold. I see some potential just based on how low it trades vs. profitability.
Send it to ir@callisioresources.com?
I contacted the TA and he stated that he was only providing information to brokerage firms at this time. I also emailed the company with no response yet either. I am okay with owning shares in Milagros, but I would like to know the share value and perhaps have contact information.
They can dust it with cocaine for all I care. Just pay me.
I agree the Verbiage does leave wiggle room. If they actually pay out quarterly dividends, I am okay with owning privately. Have a little experience in this area. There is money to be made without being publicly traded.
We will however need to make sure from a liability standpoint we cover ourselves.
Yes they definitely gave us the high hard one on this thing. The silver lining may be that we could get bought out of our shares. Some people will make a killing and others of us are hoping to break even.
In it this long might as well keep riding the bull.
My math is rough but If they are worth 18 million and with the recent 320 million issued we could be looking at a total of 500 million shares on the market. Around .036 per share. Long way from making me happy but better than nothing.
No one except for the company and Transfer agent know the outstanding shares at this time. I haven't tried the TA again. Perhaps he can give us info now.
With the financials posting yesterday if we had a good share count we could estimate a starting place for the buyout price.
I have reached out to the company to discuss holding a piece after the buy out as well as asked for buyout options. Nothing from them yet.
I would like to make money on this or at least break even. Between my accounts my break even is about 8 cents a share at this point. Anything over that is gravy.
Calissio Announces Closing of "Going Private" Transaction
LAS VEGAS, Sept. 10, 2015 /PRNewswire/ -- Calissio Resources Group, Inc. ("Company", "Calissio") (OTC: CRGP) announced today the Company's shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the "merger agreement") dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio.
The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
"Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.
"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
"I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately."
For additional information, please visit: http://www.calissioresources.com.
Contact:
Calissio Resources Group, Inc.
Investor Relations
+1-702-605-4172
ir@calissioresources.com
SOURCE Calissio Resources Group, Inc.
http://www.prnewswire.com/news-releases/calissio-announces-closing-of-going-private-transaction-300140717.html
I use Scottrade and I am still showing the balances paid, but I have had this paid and taken back once already so I am sitting on the whole thing. I am not certain of when I will feel comfortable to pull the money out, but I am waiting.
That is frightening. What broker are you with?
That is a thing we can all agree on. I for one am hoping that we have not been taken and that this is a real company with real asserts. I will keep hoping right up to the last minute, then I will move on with my losses.
I have taken a serious beating on this one. I would like for it to trade again soon. I don't mind market fluctuation on price but the constant drop on this one was crazy. As soon as it started to inch back up, we get halted.
I re-read some of the documents and I find Adam Carters response troubling. They asked for a direct way to communicate with him and he provided nothing back to them. No wonder they sued immediately.
If there was money paid from them back to the company because of the bill due note being attached to the shares then the company may be in possession of that money and can just pay it back. I cannot imagine that this was intentional but if it is, then they are smarter than I thought they were.
I placed the most recent Doc info link in the the Sticky section. I will keep that current for all to see as you post up new ones and I see them.
At this point there is not a lot to say about this other than I hope we can all recoup our money out of this at some point. Although, this has been the most stable the price has ever been.