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Hope you're right, Mat, and that they do so pronto.
I was really surprised that when EXTO released numbers from the assay results they did not say the content reported was from the sample with the highest concentration of precious metals or if it was an average of all of the samples taken. Because of this lack of professionalism, the share price went nowhere.
To get the pps out of the pits, what EXTO must do is have a regular weekly PR to make public all details of the assays and to announce their plans and a timeline for oil production and the actual mining of gold.
Anvil -- Maybe you could let Clay know what info he needs to include in the next report detailing assay results. (BTW, the other company is stirring.)
Please explain
The projection of $18M in revenues for the year from a single claim with 180 working days comes to $100,000 per work day. They should be posting all of the assay results soon, probably on the website, so we can see the average gold and silver content overall.
It is very important that they keep moving forward with more assay result details being released to solidify an increase in shareholder value.
I picked up another 500,000 shares between .001 and .0013. I predicted this would be an interesting week. Let's see how they follow through in the weeks to come.
We need to see a PR every week or two to avoid losing momentum. Like every other PR issued by the Bayport team, this one promised there is more information to come. They never followed through on the other PR's. Maybe this time will be different.
Jim! Clay! Don't drop the ball this time. Take it and run with it,
for G-d's sake.
Looks to me like their calculation of $18M is based on the retail value of the precious metals.
Jim Porter has all along shown no sense of obligation to keep shareholders informed. Perhaps this plunging share price will awaken him from this stupor. What does he plan to do to bring this company back to life? Or is he just going to walk away from his failed venture.
Then again, maybe Walter Steele will put some capital into Bayport in exchange for all those pfd shares to get this moving again. Personally, I don't expect to hear a peep out of management until they see fit to release the assay results.
I forgot to mention what may have been the biggest whopper: a $50M IPO with Aegis Capital for REE's. No news on that one either. These guys owe us a second conference call where they answer questions submitted by shareholders instead of just reading a list of feeble excuses into a tape recorder.
Communication coming from the Company has been misleading ever since I opened a position 18 months ago. Promises of gold production by the end of October, 2011 and a PR stating the existing seafood business would be included under the Bayport umbrella were the first two whoppers they told us. In all this time they have had zero revenues from operations while stating oil production would begin by the end of June, 2012.
I recently heard there is no recent progress to report re the Maine property, and subsequently, no dividend distribution on the horizon.
I was told the wait is over after the judge's decision came down, and now we are waiting, without a clue, for this downward trend to change direction. As long as we continue to hear nothing from management, there will be no reversal of fortune.
It appears there is nothing of substance to PR at the present time, but I wish to G-d they would prove me wrong.
Has anyone contacted Walter Steele? He has been successful as a real estate developer and he could help this company do something productive in his area of expertise.
Let's see how long it takes then to release the assay results. Two weeks ago, Clay was absolutely certain the company would have received them by now.
Of course they will say that.
My hunch is the assay results were mediocre at best with little economic feasibility. The news was leaked, a few shareholders got wind of it and sold. Jim and Clay admittedly are more experienced in oil and gas. They look like mining novices who were easily taken advantage of. The mining venture looks like a 100% gamble, with our money 100% at risk. If this is not completely true, let them prove it!
I thought they were holding back the news waiting for the right moment to disclose, around the time of those 120M shares coming off restriction. Now I am thinking there is actually no news to release.
Are 5hose 120M formerly restricted shares now tradable?
Positive assay results will stop the downward trend, but because Jim doesn't get fired up about anything going on here, the pps will probably hover around .004-.006 at best until they have actual revenues. IMO
No chartist would touch this right now. Also IMO.
This should be an interesting week.
I was told unequivocally that the assay results would be received before this weekend. It would be nice to hear confirmation one way or the other as to whether the results are in, even if they don't want to tell us right away what the results are. I was told nearly three months ago, "The wait is over," but that seems to be all we do around here. Supposedly, they have board meetings every two weeks, so why are they not reporting any news to shareholders?
For now, I have very little good to say about this company. Of course, that would change if they started communicating with us on a regular basis.
Rubs, the company promised greater transparency three months ago during the conference call. I don't think we have been seeing much of that lately, do you? They promised oil production by the end of June and now they are saying by the end of the year. There is no news on the Maine real estate deal or the promised dividend distribution. There have been no updates on the Rio Rancho agreement or Rio Rancho's negotiations with OXY. There have been no updates on the Tidwell claim and, most particularly, no word from the company that the assay results have been received. Plus, the share price is in the toilet.
All that taken into account, I believe at this point my complaining is justified. I've been here for 18. months watching my investment turn to mush and it's making me sick to my stomach.
You know, ND, if the assay results are negative and if they cannot get production from a reworked oil well by the end of the year, I could see Jim Porter walking away from this company. He hardly shows any interest in it as things stand, and his lack of enthusiasm is contagious.
If even one of the EXTO divisions becomes successful (mining, oil and gas, real estate) we will make bank.
Looks like assay results will not be announced this week. No surprise there. We'll be lucky to get any kind of PR before Election Day.
Would be nice to see a PR with assay results by Election Day, less than three weeks away. EXTO managers seem uninterested in doing anything to help boost the pps. Clay Franks told me they would definitely have the assay results this week. Let's see how long it takes them to report those results to the shareholders.
I got a response too. Dr. Taillefer wrote, "Thanks. Keep in touch." I had mentioned that the updated website looked nice.
Anyone know if AQUI sold any bottled water at the Shanghai Expo? They said they had designed a special bottle to debut at this six month event in China.
According to Clay Franks, assay results are due out next week. If the results are promising,
pps should surge to a new support level.
Not true. This will break out as soon as any good news is released. Stick around and you'll see.
From the website, I see the connection with DEVNET is ongoing. There is huge potential there, if it is true.
I'd like to see them announce that their contracts with China are still in effect. The total was more than $200M. That York Tang is still with the company is a very good sign.
BTW, Dr. Taillefer once told me it was he who first obtained the contract to supply China with premium bottled spring water. I hope he is finally able to reap the reward of his very determined endeavors.
With regard to the symbol change, he told me that there is a 90 day window to complete FINRA's application process. Because of the delay caused by their name being mentioned in that court case, the 90 day window had closed and they had to begin the name change process from scratch after the judge's decision came down in July. As you know, everything was resubmitted and they are just waiting for FINRA to finish processing the application. No time frame was given as to how long that could take.
Clay also confirmed that Walter Steele's role with the company will be in real estate ventures.
Spoke to Clay Franks. He confirmed the assay results should be out this week or next week the latest.
Thanks. Will call now and report back if there is any news.
Thanks, litar, for bringing out this new information. Is AQUI still planning to provide water exclusively to China, or will they now service other parts of the world?
That's a non-working number.
Rubs1 -- Can you provide me with a number for Clay Franks? TIA
Lochan
Good idea. I wonder how long it will take EXTO to announce the gold and REE contents of the assays once they have them in hand.
Are we supposed to get those results this week?