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authorized shares now up to 700 million.......i thought everyone here knew that
please see SEC filing of 9/15/15 - ( DEF-14C )
yes - its a VERY good thing........if used properly it gets us to the finish line.....
i give it until 10/5 or 10/7 for final word........per reasons stated in post#15920 and which can be verified by reading the DEF 14C....
hanging tough for another week.....
i was just giving a heads-up to others who may not know about or understand the SEC filing on 9/15........
it doesnt matter to me at all when the PR the deal.......i am confident it will be on good terms, hopefully at least at current market price or better.......
ideally they will have financing for the whole project all atonce.....a huge number......not just the 10 million bucks to carry them.......but i doubt that will happen....although i would love something like that.....
see post @ 15920............possibly not until Oct 5th.......dont get nervous if not done by 9/30....
according to most recent SEC filing ( schedule 14C - filed 9/15/15 ):
the amended articles of incorporation (to reflect the increase in authorized shares) will be filed with the state of Nevada 20 days after mailing the information to the shareholders, which occured on or about 9/15/15.....
now the authorized share increase is not effective until the amended articles are filed.....so, that puts the earliest effective date of the newly authorized shares at around October 5......my guess is this will probably hold up closing of the financing transaction until that date.......
obviously i dont know if they will wait until then to announce a financing deal, but just thought i'd highlight this possible one week delay to the previously announced "end of Q3" expectation....
so dont get nervous if 9/30 comes and goes with no financing news, as this would be the reason........some companies release when the deal is agreed to, with a comment as to when the closing is, others wait until its all closed before saying anything....
according to most recent SEC filing ( schedule 14C - filed 9/15/15 ):
the amended articles of incorporation (to reflect the increase in authorized shares) will be filed with the state of Nevada 20 days after mailing the information to the shareholders, which occured on or about 9/15/15.....
now the authorized share increase is not effective until the amended articles are filed.....so, that puts the earliest effective date of the newly authorized shares at around October 5......my guess is this will probably hold up closing of the financing transaction until that date.......
obviously i dont know if they will wait until then to announce a financing deal, but just thought i'd highlight this possible one week delay to the previously announced "end of Q3" expectation....
so dont get nervous if 9/30 comes and goes with no financing news, as this would be the reason........some companies release when the deal is agreed to, with a comment as to when the closing is, others wait until its all closed before saying anything....
i was under the impression that it was done as a chapter 13 Reorganization.........which is why the we see chapter 11 case "dismissed".......
the deal with OROT being the main part of the Reorg Plan, thats why the Q was able to be dropped from the SIRGQ......it implies the OROT deal DID get closed.....but of course this is still conjecture until the company actually issues a PR.........
basically the few thou i would have lost in the casinos this weekend, can be stretched out by losing it here, or by making a miraculous score !!!!!
i agree with you.....
however if no PR by SIRG to clarify this by end of day............well...
claw - does SIRG own the land ??
anyone know if they are carrying the land on their balance sheet ?
im a bit confused by the sale of the mine rights to OROT - not sure if SIRG owns the land
any info is much appreciated....good luck
has anyone seen a recent balance sheet ? or can even guess what theirs may now look like ??
thanks
this authorized share increase covers BOTH the mini-raise of 10 million (mostly for admin costs), AND the subsequent larger one, which is the one for the actual project costs.........safe to say they can issue 500 million at a dime now (for argument's sake) and with 50 million in the bank, they should be set for a while.....
if it turns out that they needed to issue 500 million shares at 2 cents to raise the 10 million, then i am a naive fool, sap, sucker, whatever, and will lose many many many thousands of hard-earned bucks......but at least i got up to the plate and took some swings......the labels i can live with.....................
good luck to us longs !
they MUST leave some room under the 200 million authorized share count for future financing deals....(before they request an increase in authorized shares via a shareholder vote, likely far in the future).....
so with about 130 mill already out, lets say they issue 35 million at $10 mill in proceeds that would mean the new investors would pay about 28 cents a share...
im comfortable in that knowledge and we will definitely learn the number by 9/30
"deal will CLOSE prior to end of Q3"
even if ALL 68 million remaining will be issued for the $10 mill that comes to about 14 cents / sh
and they wont issue them all, they will keep plenty available and under the 200 mill authorized
with about only 68 million shares remaining (up to authorized amount of 200 million shares) it seems they will either a) get a great $/share price, or b) not have to issue a huge amount of shares
funding the Power Africa initiative has Bi-partisan support...!
Export-import bank will be renewed and even if not, most of the money comes from private sector anyway.....
buckle up
see the full 10-Q
note 7 - subsequent events
they converted it all, and now have about 32,000,000 new shares.....plus Kodiak has another 3,000,000.....
so the total out now is approaching 130,000,000.........most of the shares have probably been sold in the past few days......
NCE status ??
would love some intelligent discourse on the following: i think it is important to determine what the plans are for attaining the NCE designation from FDA.......does anyone know at what point in time that ball should get rolling ?
from my disastrous experience with Amarin's pursuit of NCE in 2012 for Vascepa i learned that "patents protect the drug, but NCE protects the patents".....and it took over a year for them to get a ruling........it held up partnerships, buyouts, and forced them to hire their own sales force........i'd hate to see the same thing happen to SGYP....
so if Plecanatide gets 5 yr marketing exclusivity, it keeps generic challenges at bay for the first 5 yrs...........if it does not get the 5 yr exclusivity, then generic challenges can begin at any time.....
how long until Israel starts taking out the centrifuges ??
Open interest ?
just heard a blurb from a commodity expert claiming a collapse in open interest (i assume that means futures contracts) always precedes a bottom in oil prices (because hedging becomes too expensive).......
has anyone seen any open interest stats recently ?
thanks
good luck
relax.....
Zacks strictly uses quantitative models....its all algorithmic decision making...financial ratios and other such metrics.....
there is probably no human involved at all....certainly not in assessing future growth or market conditions anyway.....
bingo, Buff.......thats the end game now...
but you will still get a proxy card in the mail....
no joke.....ive had enough.........
i sold 25,000 shs last week....
and sold my last 25,000 shs about an hour ago.......
worse than the 14 G's i lost last year waiting for cargo contracts, and the 13 G loss registed this year are the moves i have missed in about 5 other issues i follow but owned none of because of this fairy tale, which i was sure would outperform all the others.........
however, everyone on this board should be giving each other virtual high-fives now that the biggest loser in trading history, and indeed, in life in general, is no longer staining IMSC prospects by his association..............expect good news soon.......and God Bless you all.......
and so in the immortal words of Frank Pentangelli in Godfather 2 : "Cicci, a porta............."
-9horse
oh yea now i remember....(gotta love epsom salts)....:
to paraphrase my deleted post: uplisting to NASDAQ or AMEX, which was once possible if an equity financing went down, would have been possible had they done an immediately dilutive equity deal instead of being S&M partners with DMRJ again...
go ahead and delete me - i will post this message 700 times a day if i have to
here is addiction:
my career in shambles ........have credit card balances of about 90K, (at the point where they cannot ever be paid, even if i stop going to the track and drinkig top-shelf hooch).... and my daughter going into senior year at a private college in fall.....
i have 50,000 shares of IMSC at an average of 1.10.....
recently met with bankruptcy attorney, the only thing preventing me from declaring and being free and starting over is this stock that i refuse to sell, because obviously the court would say "hey, butt-hole, take your money out and pay the cards".......but then IMSC would go to $3 overnight on a buyout....
my plan was to cash out at $150K and pay everyone: credit cards, senior yr tuition, Belmont, and with the change maybe even get a high class hooker to put my lights out once in a while.....
however, now it appears i need a cosigner for loan for year 4.....good luck to me.......
any takers out there ????? maybe i should ask Glenn ?
THATS addiction
well i dont know bout you but i missed at least 6 other stocks ive been watching since 1/1/15 alone, but because i am crazy-glued ( psychologically at least ) to this one i sit here like the biggest loser on earth
why is it such a daunting task for TSA to present their analysis to Congress ???
im sure TSA can make a strong case for spending the whole 162 mill....
i dont see why this is so unlikely...
i just pray that they dont wait for another tragedy before doing so........
point taken.......
i can sadly classify my entire existence as an oustide chance...
looking for redemption here
Buzz, i love ya, you are smart and you write well, and your sense of humor is tops....well, maybe Shiloh has an edge there, but no matter....
but you cant seriously think that we have anything to do with this in the background.....
our competitors must be quaking in their boots at the spectre of IMSC industry domination....
thus is why we will be unable to demand the steam off our piss in any deal....
yea....wow looks like Dr Jones was all over this one......kudos to the sales team....
$1.45 looks great right about now
yes i know.....thought it interesting, though, as i still think ASEI may be an acquirer too.....
well now, THAT i did not know............then we had better hang onto our hats
all im saying is if we are lucky enough to be presented with an offer, the BOD can agree in principal, and then recommend to shareholders that they vote 'yes'......there WILL be proxies en route......
ok, very funny (scary) but no buyer would seriously propose terms like that........
and so you 're saying the bod has the right to just sell to anyone at any price without a single other shareholders consent ?
i dont understand your point here............i agree Bolduc sealed his fate with that response, and by being outwardly dismissive of new and better financing partners......
but can you clarify please what you mean by "now the bod wants........" and the proxy joke
thanks
they would announce that they have reached an agreement on terms with the acquirer, and then we have to wait for the proxy card to arrive in the mail, vote, and mail it back....
the "record date" shareholders would get one in the mail, and most would have sold immediately on the news, in order to immediately re-deploy their long-hostaged capital elsewhere......
that means the "record date" for the proxy vote would be meaningless, since you would then simply tear up the proxy card when it arrives (or frame it for fond remembrance of the thousands of posts here and spirited debates among very interesting if anonymous personalities)........
then once the BOD receives the 5 replies out of 3000-ish retail shareholders, they would vote all the shares that did not respond to the proxy (99.8 %) of them, and ratify the deal.....
highly improbable that a second bidder would emerge, since we'd be very lucky to get the first one
where was that line from ??
i found a reference to the Battle of Brandywine but seem to recall hearing it in a movie ? John Wayne ?
wow......wow......if i had wasted only ONE week in this saga......
take heart, dude, at least we dodged the dreaded Friday 5pm PR issuing 300 million shares at 20 centavos...
course we have to do this again in 7 days....
drink up !!!
he was mainly interested in what Punky Brewster was all about.....
Punky was a bright young suburban girl who got all twisted-up with the wrong crowd: penny stock touts, pot dealers, horseplayers, and even, at her bottom, with Democrats......