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Just looking and hoping to get my money back in the next few weeks or months. Looking never to buy these pinks again, most are just a pipe dream. Also FMNJ needs to come out with a real
news release, only time will tell?
And then soon you will be able to buy at .0001 - which is a typical penny stock price.
The good news is that the stock can't go any lower than .0001 and then comes the R/S, it happens all the time. Everything speaks with
the price of the penny stock.
In a few weeks, how many shares could I buy for a buck?
With these pink stocks, they need people to keep on buying into this illusion and hope that this will turn around one day. I been with this stock for too long and should of sold everthing
way long ago.
Getting filled instantly is not a good sign - too many shares out there.
And if not tomorrow, maybe the next day. And if not the end of the week, maybe the end of next week. I wouldn't put one more
penny into this - the next thing I see is R/S around the corner.
China quake death toll rises above 8,700
By WILLIAM FOREMAN, Associated Press Writer 2 minutes ago
A powerful earthquake toppled buildings, schools and chemical plants Monday in central China, killing more than 8,700 people and trapping untold numbers in mounds of concrete, steel and earth in the country's worst quake in three decades.
The 7.9-magnitude quake devastated a region of small cities and towns set amid steep hills north of Sichuan's provincial capital of Chengdu. Striking in midafternoon, it emptied office buildings across the country in Beijing and could be felt as far away as Vietnam.
Snippets from state media and photos posted on the Internet underscored the immense scale of the devastation. In the town of Juyuan, south of the epicenter, a three-story high school collapsed, burying as many as 900 students and killing at least 50, the official Xinhua news agency said. Photos showed people using cranes, mechanical hoists and their hands to remove slabs of concrete and steel.
Buried teenagers struggling to break free from the rubble, "while others were crying out for help," Xinhua said. Families waited in the rain near the wreckage as rescuers wrote the names of the dead on a blackboard, Xinhua said.
The earthquake hit one of the last homes of the giant panda at the Wolong Nature Reserve and panda breeding center, in Wenchuan county, which remained out of contact, Xinhua said.
In Chengdu, it crashed telephone networks and hours later left parts of the city of 10 million in darkness.
"We can't get to sleep. We're afraid of the earthquake. We're afraid of all the shaking," said 52-year-old factory worker Huang Ju, who took her ailing, elderly mother out of the Jinjiang District People's Hospital. Outside, Huang sat in a wheelchair wrapped in blankets while her mother, who was ill, slept in a hospital bed next to her.
Xinhua reported 8,533 people died in Sichuan alone and 216 others in three other provinces and the mega-city of Chongqing.
Worst affected were four counties including the quake's epicenter in Wenchuan, 60 miles northwest of Chengdu. Landslides left roads impassable Tuesday, causing the government to order soldiers into the area on foot, state television said, and heavy rain prevented four military helicopters from landing.
Wenchuan's Communist Party secretary appealed for air drops of tents, food and medicine. "We also need medical workers to save the injured people here," Xinhua quoted Wang Bin as telling other officials who reached him by phone.
To the east, in Beichuan county, 80 percent of the buildings fell, and 10,000 people were injured, aside from 3,000 to 5,000 dead, Xinhua said. State media said two chemical plants in an industrial zone of the city of Shifang collapsed, burying hundreds of people and spilling more than 80 tons of toxic liquid ammonia.
Though slow to release information at first, the government and its state media ramped up quickly. Nearly 20,000 soldiers, police and reservists were sent to the disaster area.
Disasters always pose a test for the communist government, whose mandate rests heavily on maintaining order, delivering economic growth, and providing relief in emergencies.
Pressure for a rapid response was particularly intense this year, with the government already grappling with public discontent over high inflation and a widespread uprising among Tibetans in western China while trying to prepare for the Aug. 8-24 Beijing Olympics.
"I am particularly saddened by the number of students and children affected by this tragedy," President Bush said in a statement.
International Olympic Committee President Jacques Rogge sent his condolences to President Hu Jintao, adding: "The Olympic Movement is at your side, especially during these difficult moments. Our thoughts are with you."
Premier Wen Jiabao, a geologist by training, called the quake "a major geological disaster," and traveled to the disaster area to oversee rescue and relief operations.
"Hang on a bit longer. The troops are rescuing you," Wen shouted to people buried in the Traditional Medicine Hospital in the city of Dujiangyan, on the road to Wenchuan, in comments broadcast by CCTV.
"As long as there was a slightest hope, we should make our effort a hundred times and we will never relax," he said outside the collapsed school in Juyuan.
The quake was the deadliest since one in 1976 in the city of Tangshan near Beijing that killed 240,000 — although some reports say as many as 655,000 perished — the most devastating in modern history. A 1933 quake near where Monday's struck killed at least 9,000, according to geologists.
Monday's quake occurred on a fault where South Asia pushes against the Eurasian land mass, smashing the Sichuan plain into mountains leading to the Tibetan highlands — near communities that held sometimes violent protests of Chinese rule in mid-March.
Much of the area has been closed to foreign media and travelers since then, compounding the difficulties of getting information. Roads north from Chengdu to the disaster area were sealed off early Tuesday to all but emergency convoys.
In Chengdu, the region's commercial center, the airport closed for seven hours, reopening only for emergency and a few outbound flights. A major railway line to the northeast was ruptured, stranding about 10,000 passengers, Xinhua said. Although most of the power had been restored by nightfall, phone and Internet service was spotty and some neighborhoods remained without power and water.
Nervous residents spent the night outside, some playing cards or heading to the suburbs. State media, citing the Sichuan seismology bureau, reported 313 aftershocks.
"Traffic jams, no running water, power outs, everyone sitting in the streets, patients evacuated from hospitals sitting outside and waiting," said Ronen Medzini, an Israeli student in Chengdu, via text message.
When it hit shortly before 2:30 p.m., the quake rumbled for nearly three minutes, witnesses said, driving people into the streets in panic.
"It was really scary to be on the 26th floor in something like that," said Tom Weller, a 49-year-old American oil and gas consultant staying at the Holiday Inn. "You had to hold on to something like that or you'd fall over. It shook for so long and so violently, you wondered how long the building would be able to stand this."
While most buildings in the city held up, those in the countryside tumbled. On the outskirts of Chongqing, a school collapsed, killing at least five people. Residents said teachers kept the children inside, thinking it was safer.
The city of Mianyang ordered all able-bodied males under 50 to take water and tools and walk or drive to Beichuan, where most of the buildings had collapsed.
State TV broadcast tips for anyone trapped in the earthquake. "If you're buried, keep calm and conserve your energy. Seek water and food, and wait patiently for rescue," CCTV said.
Although initially measured at 7.8 magnitude, the U.S. Geological Survey later revised its assessment of the quake to 7.9. Its depth — about six miles below the surface, according to the USGS — gave the tremor such wide impact, geologists said.
The earthquake also rattled buildings in Beijing, 930 miles to the north, causing evacuations of office towers. People ran screaming into the streets in other cities, where many residents said they had never felt an earthquake.
In Beijing, where hundreds of thousands of foreign visitors are expected for the Olympics, stadiums, arenas and other venues for the games were undamaged.
Li Jiulin, a top engineer on the 91,000-seat National Stadium — known as the Bird's Nest and the jewel of the Olympics — was conducting a site inspection when the quake struck. He told reporters the building was designed to withstand a 8.0 quake.
"The Olympic venues were not affected by the earthquake," said Sun Weide, a spokesman for the Beijing organizing committee. "We considered earthquakes when building those venues."
Some 660 miles to the east in Anhui province, chandeliers swayed in the lobby of the Buckingham Palace Hotel. "We've never felt anything like this our whole lives," said a hotel employee surnamed Zhu.
The massive Three Gorges dam, the world's largest about 350 miles to the east of the epicenter, was not affected, according to the information office of State Council Three Gorges Construction Committee. The area around the enormous dam remains increasingly precarious as rising waters in the reservoir have led to landslides.
Premier Wen, after arriving in Chengdu, traveled to Dujiangyan, near the collapsed high school. On his plane, he appealed for people to rally together.
"This is an especially challenging task," state TV showed Wen saying, reading from a statement. "In the face of the disaster, what's most important is calmness, confidence, courage and powerful command."
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Can't sell now - price is to low - word of advise which I am
taking to heart - Never buy any Penny (pinksheet) stocks - it
is a total waste of time and money - period.
They just want you to keep on buying until the price drops below .001 - what a joke - should I say ALL penny stocks are a JOKE.
I thought they were cheap last week. Will consider this a total loss at this point.
The new site is up and running.
http://www.monacorporation.com/
Whatever happens here, the lesson is not in waste money in these stocks and what usually happens at the end is, I lost how much and where can I make that money up.
We expect to launch the new developed Monarc Corporation website before the week of April 21st 2008
Has this happen yet - I don't see it.
What is this Time & Sales at 16:12
Time & Sales
Price Size Exch Time
t 0.0022 4460445 OTO 16:12:49
GLCC - Number 13 on the Message Board
http://investorshub.advfn.com/boards/board.asp?board_id=11398
GoodLife Stock not doing that great today - High of $1.00 now about .25
How does this report relate to the increased price of this stock - any thoughts of how much the price of this stock can increase if everything comes out as mention.
NEWS - Franklin CEO Returns to Bolivia, Acquires Second Processing Plant for Escala Mine
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty arrived in Bolivia on Monday, April 7, 2008, and has begun implementing the multi-part action plan approved by Franklin's Board of Directors in March 2008.
This three-part plan is designed to provide the Escala Mine with immediate access to processing capacity sufficient for current requirements and scaleable to meet future needs and requirements.
Part I of the plan authorized a small pilot plant be erected on-site at the Escala. A plant was located, purchased and transported to the Escala Mine. The plant will provide Escala a limited on-site processing capability within the month. Initially, the plant will perform production tests helpful to Franklin's engineer in designing Part III's permanent processing facility. The permanent plan is to be located near Escala Mina, probably in the Uyuni area.
Part II authorized the immediate expansion of Franklin's processing facility in the Alto area of La Paz. Expanding the plant to its full 100 ton per day capacity will be accomplished incrementally while continuing to provide processing capacity to local independent operators. Expanding the Alto area plant provides processing capacity dedicated to the Escala's production until Part III's permanent facility is complete.
Part III funded construction of a permanent processing facility designed to meet the Escala's 2008 processing needs and expandable to meet all long term requirements. The plant has been placed under contract and is being readied for delivery and erection in the Uyuni area, near Escala Mina.
Dr. Jaime Arancibia and members of Franklin's La Paz-based engineering staff are in Potosi finalizing their plans for constructing Franklin's permanent processing facility. They will return to La Paz on April 10 to meet with Mr. Petty on Friday, 11 April.
Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.
The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.
About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information:
www.FranklinMining.com
or
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Marketwire (April 9, 2008 - 8:30 AM EDT)
Finally Some Good News
Almost 3M shares trading in the first 15 minutes - like to know what is really going on?
That is usually when the thing turns around, anything is possible.
I just keeping on buying at these low prices
NEWS - Franklin CEO Discusses Escala Mine's Processing Plants, Needs and Requirements
LAS VEGAS, NV, Mar 27, 2008 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc.
(PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty, has met with his Board
of Directors, officers, key managers and outside consultants/advisors to discuss
the status of the Escala Mine's access to processing capability. The meeting was
held in Franklin's San Antonio office, March 25 and 26, 2008, and resulted in
establishing goals and objectives for achieving full production capacity within
six months.
At the conclusion of Wednesday's meeting, Franklin's Board approved a multi-part
action plan designed to provide the Escala Mine with immediate access to
processing capacity sufficient for current requirements and scaleable to meet
future needs and requirements. Decisions concerning other needs and requirements
were tabled for two weeks to allow additional review and discussion.
Part I of the approved action plan authorizes a small pilot plant to be erected
on-site at the Escala. A suitable plant was located last week, has been
purchased and will be transported to the Escala as early as March 29th. The
schedule, including transportation and erection, is designed for Escala to have
a limited on-site processing capability within the next calendar month. Much of
the initial capacity of the pilot plant will be devoted to performing production
tests helpful to Franklin's engineers in designing Part III's permanent
processing facility to be located near Escala Mina, probably in the Uyuni area.
Part II authorizes the immediate expansion of Franklin's recently acquired
processing facility in the Alto area of La Paz. As was announced on March 19,
2008, this plant is scaleable to a 100 ton per day capacity. In addition to the
current commercial operation (providing processing capacity to independent mine
operators), Franklin's Alto area plant will provide processing for the Escala
until a permanent facility has been constructed.
Part III authorizes funding the construction of a permanent processing facility
designed to meet the Escala's 2008 processing needs and expandable to meet all
long term requirements. The initial plant has been identified and it's
availability for delivery has been confirmed. The plant will be purchased when a
construction site has been made ready. Members of Franklin's La Paz-based
engineering staff and Santa Cruz-based accounting staff are making site visits
this week and will provide their recommendation to Mr. Petty with two weeks.
Comprising three separate mining applications, COMIBOL's Escala Mine concession
totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border
with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500
hectares within the original concession. Escala II and Escala III mining
applications are currently assigned to another company.
The original Escala Mine was established during the Spanish colonial period and
has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining,
Bolivia negotiated an agreement with COMIBOL, National Mining Company of
Bolivia, to resume mining operations within the area of the original concession.
About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy
interests in the United States and Bolivia as well as energy interests in
Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia
S.A. and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking statements that
are subject to risk and uncertainties, including, but not limited to, the impact
of competitive products, product demand, market acceptance risks, fluctuations
in operating results, political risk and other risks detailed from time to time
in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission.
These risks could cause Franklin Mining, Inc.'s actual results to differ
materially from those expressed in any forward-looking statements made by, or on
behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or
contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
Contact:
Investor Relations firm
A. S. Austin & Company
1-702-386-5379
www.FranklinMining.com
SOURCE: Franklin Mining, Inc.
Hopefully that's the case - Doesn't the company have to tell when they are selling shares in the market.
What I meant is before they did the R/S and they were still EFGO
and everyone was pumping the stock. But in general, most other pink sheets stocks when they move up in price, at some point sell everything, take the profits - don't hold them.
I've learn the hard way, it's best to trade the pinks not to own them.
How much cheaper will they get?
Also what was up with the high volume today - over 40 million - is this the company dumping shares today?
The only thing good here is that the stock is oversold here
Silver Shortage gets Worse, Price Drops Again!
http://www.silverstockreport.com/2008/shortage.html
I hope there was a good reason for today's late selloff. Bought some more shares today and will most likely buy more, always hoping for prices to go higher?
Markets are closed Friday.
Got a fill yesterday from Scottrade at .02 for some small shares.
The Company anticipates there will be additional announcements stemming from the conventions, as negotiations continue with some very major parties within the hospitality industry
Looking at the price decline for the past few week, I noticed the very low volume everday. Seems like on a few people are selling, but on the other hand very few buyers. Until the volume picks up on the downside, I will give the company it's change to prove itself and overtime - higher prices. This may be the company trying to get a foothold in their industry, also even if I want to sell - I won't at these levels!
I wonder how much MONA the stock is paying momoplays.com to
promote the stock. I have other stocks (pink) that gets promoted by other stock picking services, usually a fee involved.
Short Squeeze in Silver!
Silver Stock Report
by Jason Hommel, March 3, 2008
What is a short squeeze?
A short squeeze is one of the most exciting events in finance, and could drive silver to $100/oz. very quickly! A short squeeze happens when those who manipulate the market begin to act according to old Wall Street rhyme,
"He who sells what isn't his'n, buys it back or goes to prison!"
The silver shorts, who have been one of the key forces capping the price of silver ever since 1980, are buying back the silver they sold, the silver that they don't have, the silver that may not exist, and they are buying "contracts for it" from people who might not have it either, in a rising market, because the shorts have begun to panic.
Another way to say it, is that the fat cats are beginning to wake up, repent and change, and realize the error of their ways! Perhaps we are seeing the inevitable failure of a 100+ year war of the international bankers, a war waged against an inherent property of silver. But silver is a monetary metal, and the failure to recognize that truth has consequences.
Dan Norcini reports at http://www.jsmineset.com/ that the commercial shorts in silver last week were "buying on the way up!"
http://www.jsmineset.com/cwsimages/Miscfiles/5830_Charts_for_2-29-2008_COT.pdf
The commercials are buying silver futures contracts from the category of traders that is labeled "non reportable" which are mostly small capitalized individuals, while the funds, or "speculators" have not changed their long positions much.
Short Squeeze definition:
http://en.wikipedia.org/wiki/Short_squeeze
"Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where these people simply decide to cut their losses and get out. Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional covering."
See also:
http://www.investorwords.com/4559/short_squeeze.html
The reason why a short squeeze is so exciting is that in theory, there is no limit to the upwards price movement, especially if there is a shortage.
This is the kind of event that could drive silver prices to $100/oz. or higher very quickly. The chance of such an event is higher now than ever before, in my opinion.
As of Feb 26th, the commercials are long 53,358 contracts, and short 126,584 contracts, for a net short position of 73,226. Multiplied by 5000 oz. per contract, that's 366 million ounces of silver that they might need to buy back, on the NYMEX alone.
But NYMEX only has 87 million oz. of silver in the warehouses, registered for delivery. http://www.nymex.com/warehouse.aspx
Thus, there is a shortage. And as they shorts pay up, the shorts are getting squeezed.
(The 366 million oz. that they need to buy back does not count short positions "over the counter", nor does it count "pool accounts" or unallocated silver storage, nor silver certificate programs, nor does it count failed silver deliveries from corrupt coin dealers. )
Three hundred and sixty six million ounces is a lot of silver when the world mines only about 650 million ounces of silver per year, and when world industry consumes more silver than that each year. Thus, the shorts can't get 366 million ounces of silver from the mines; as that silver, and more, is already being purchased.
A mere 50 million ounces of silver being bought by investors in a year caused the price of silver to double from about $7/oz to $14.
If the silver does not exist to buy, a real buying frenzy and panic could break out.
A short squeeze took place when the silver price hit $50/oz. in 1980. That squeeze was ended when they changed the rules to allow no new long positions! (And when the Fed allowed interest rates to rise above 20%!)
The last time we saw a mini short squeeze in silver was around 1997, when Warren Buffet put an end to the squealing and panic of the silver shorts (and caused them to really worry) by announcing that he had invested less than 1% of Birshire Hathaway's net worth in silver. That caused the silver price to rise from about $5 to $7 very fast.
A short squeeze drove palladium prices up from around $250/oz. to $1000/oz. back in 2000, due to temporary failed Russian deliveries (that resumed). That short squeeze ended when the TOCOM paper exchange put limits on the daily price changes, and let contracts be settled for cash, instead of palladium.
A short squeeze drove nickel prices up to more than double, to $23/lb. in June last year. That short squeeze temporarily ended when they ruled that it was illegal for two of the largest holders of physical nickel in LME warehouses to own nickel, and had to sell!
But unlike the other two times in silver, there might not be any major billionaire for the shorts to falsely "blame." And they might not be able to change the rules. This time, there might be a real shortage! They might have to blame themselves for being so reckless as to sell silver that does not exist to a world that consumes more silver than it mines.
We might see silver prices continue the parabolic move up. We might see failed silver deliveries with cash settlements. We might see further panic for real silver. We might see panic among industrial users who must buy silver or shut down their businesses. We might see the end of the NYMEX exchange itself. We might even see officials from the Commodities & Futures Trading Commission (CFTC) going to prison!
Why might the CFTC officials go to prison? Because they lied, and continue to point to the same lies to justify their inaction and incompetence. In May 2004, they lied, saying that manipulation in silver could not exist as long as there was unrestricted access to the market by longs (p. 5), but in the same report, they admitted that position limits prevent longs from entering the market (p. 8)!
http://www.cftc.gov/files/opa/press04/opasilverletter.pdf
Michael Gorham, author of that report, voluntarily resigned 3 weeks after writing it, in 2004.
That is why I continue to point out that there are position limits in silver contracts at the NYMEX. Position limits are the achilles heel of the world's fraudulent paper and electronic monetary system. Position limits are trade barriers and unfair, and are clearly the opposite of free market principles. Billionaires who would take on the desperate silver shorts need to know about that obstacle, so they can figure out how to overcome it.
http://www.silverstockreport.com/2008/billionaires.html
Position limits were imposed to protect the silver shorts (but that's not working, just like all trade bariers backfire), and they are bleeding money to the tune of $366 million dollars for every dollar that the silver price rises. And if they cannot or do not cover, then they lose $3.7 billion for every rise of $10.00/oz.! And in case we go over $100/oz., they lose $37 billion for every $100 rise in the silver price (if they can't cover.)
Here's a great article on the silver to gold ratio:
http://www.dani2989.com/gold/10aggb.html
A study of the silver to gold ratio shows quite clearly why the price of silver should be about $100/oz. right now, or more.
Right now is not a time period of business as usual. A short squeeze is a very unique event. It's unusual and rare.
This is the beginning of what could be the event that has been long predicted by myself and many other physical silver investors. This is exactly why you need physical silver in your own safe, and why you should not trust any form of paper promises, certificates, or pool accounts, nor should you trust anyone to hold your silver for you.
You ought to get silver now. No delay. Not even one day. Get cash from your bank, and get yourself to your local coin shop before they close their doors to the public. I'm serious. No joke. Act now. This is the beginning of what could be the long awaited major panic crunch time.
Buying silver ought to be your top priority right now. In fact, the situation is so dire, that if I had a job and a 401k, that I'd seriously consider quitting my job to cash out the 401k to invest in silver; especially if the 401k contains more than a year's salary.
If you order silver over the internet or mail, then don't order all your silver at one time. Instead, spread out your orders among several dealers, or spread out over time, in case they begin to fail.
The conditions were so ripe for this short squeeze, that this is why I got my silver long ago, and this is why I prepared the following information, long in advance:
http://find-your-local-coin-shop.com/
Sincerely,
Jason Hommel
www.silverstockreport.com
www.miningpedia.com
In other company news, MonArc has a number of major customers with which it is currently negotiating, and expects to release additional news on this front shortly after completion of the trade shows.
Where is the news on ISYX purportedly accomplishing its 'reorganization/bankruptcy' and how does this affect ISYX stock price.