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Richard Berman is a profession share seller. He will put his hand in your pocket and take it all. I am sure he is selling shares today, or will very soon.
Beware...the scalpers are gonna do great here, the rest of you will be the ones paying for the scalpers 10 bags. I won't be discussing this
just explaining what I have seen of this CEO.
Do your DD tonight, don't be the bag holder.
IMO
My feelings are not hurt.
A discussion board with one opinion and the inability to discuss anything that isn't SRSR roses is rather pointless.
I will still hold my position for now, the people on this board won't influence my decisions.
Scott's execution will.. I better clarify that, the execution of his business plan. So far I am not all that impressed with his time lines.
I have another stock that has up listed, created multiple JV's, is on the verge of mining a new mine and increased shareholder value about 10 fold in about half the time SRSR has been trying to get something done. I hope SRSR has a blockbuster release this week and everyone prospers.
Good luck and this will be one less objective opinion to worry about.
Come on Goldwing...Scott has no reason to write a PR.
Everything is so clear, so concise so perfectly orchestrated for those those of us who are not too ignorant to get it (sarcasm).
I am sure just like me your invisible shares in ST have been deposited 30 days after the pr in December.
Sounds to me from today's chatter that we will never need another pr in this stock because everything is so clear to the intellectuals of this board.
I am done with this board. Good luck to the faithful shareholders.
After 4 years of this, it is just pointless.
And a simple liInk on the website would cure a lot.
I don't understand how we are all missing the value?
Downside keeps making the value sound like something perceived.
I find it far less complicated, my account is either profitable or it is not.
Having tons of cash tied up for years with the price being less now than this time last year is not value.
I could have had this money working in a place where value is not a concept.
I keep hanging on here, but it gets harder everyday. I could use some of my cash back in my pocket but prices are just always too low to cash out after 4 years of waiting.. Most are red on this stock, green is where the value is. Imo
That doesn't look like a bad deal does it?
Even better if we are @ 35:1 SRSR to ST.
It would still be nice to be informed, so much going on, but we are always guessing.
Well, it depends on what SRSR paid for the properties versus what they got back as to weather or not it is a windfall.
This does need to be addressed. If SRSR paid $XXXX and we sold it for $XX basically to Scott, then it isn't copacetic. I love the potentials, but hate the ambiguities. This is why we continue to slide. IMO
http://www.faqs.org/sec-filings/120213/ABC-Acquisition-Corp-1501_8-K/
This might help a bit.
Sorry to see you go Norton, but it is quite understandable.
It appears more and more people are getting tired of the delays.
Having so many dollars tied up in an eroding share price for so long is tough. Looks like you made some bank, and I hope it makes college tuition more manageable.
I wish you the best of luck, and maybe as things swing closer to completion you can come back.
There is no reason for you to try and reword what I have stated. I have said what I have said.
If you are happy with the performance of the company to this point I am happy for you.
I have stated my concerns, I am not going to keep whipping this horse.
This is a forum used for people to share ideas, concerns and share opinions that is all that I have done.
I have stated what my expectations were and where I feel the break downs have occurred.
Nothing more nothing less.
I did like the action end of day today, green is so much prettier then red on the ticker.
I have plenty of homework. I know what I know. For you to believe you know more than anyone else here is on the arrogant side. We all are privy to the same pool of knowledge, if you have more than there is something I
Proper going on.
I know the rocks are there. As we all do. Can Scott execute and get them to market?
This is the real question, I am betting on him with a lot oft hard earned cash.
Are you willing to post a bond to say that if Scott fails you will pay my losses?
No I didn't think so. But you would if you knew the future and could say undeniably that Scott will bring the metal to market.
We all have the same level of information to work with. I am more a trust but verify kind of guy.
Many here like yourself seem to be more sold on faith. I do not know Scott personally, I can not make character judgement based on me living next door to him. I can only judge him based on his performance over his tenure at SRSR.
So far I have not been wowed. It could be tommorrow he knocks our socks off, so far he hasn't.
I won't sit here and debate everyone on my opinion. It is what I see with my own eyes. Of it looks like a duck walks like a duck and quacks like a duck chances are it isn't sheep.I am not looking for fluff PR's I am looking for release of completed task. Those are facts, so far very little has been released as a "we has finished X" task. So far everything is "we expect X to happen.
I understand things don't always transmit the way they are intended.
And I really didn't take any of it personally. I admire your cordial attitude.
I hold no one accountable for my investment decisions but myself.
My DD had me brimming with confidence for years here, then things changed a bit when I started seeing A CTO and a NI report retraction.
Since then I have found myself feeling like I want to know more about the direction of the company and how it is being run. My confidance has been shaken some. I will man my post as you say, and I have done more than my share of the heavy lifting my share count attest to that.
I want a captain with both eyes straight ahead, not one who is going to hit a sandbar as he waves to his friends on the shore. If I have to guess which one I have, then I probably don't have the first one.
These are healthy debates. There are no agendas, we must be diligent. We are on the pink sheets and no one is watching but us. We must keep our best interest at heart as well, or we will have no room to whine when our accounts are empty.
This is not a sermon. Just friendly objectivity.
What has you so certain that Scott is a skilled leader?
I am not trying to be sarcastic or glib.
I don't need anyone to hold my hand as you suggest, or rub my back.
I do need someone I entrust with my money to be on point, to work in the best interest of the company and the shareholders alike.
If you find secrecy and indifference compelling reasons to believe someone is a leader than you are in the right place.
I see so many here that act like I should not expect a return on my investment.
I am in the market to back companies I wish to succeed, and to profit from my investment and their prosperity.
As time ticks off I see less and less evidence of a skilled leader, I want to see action items checked off, something that shows forward progress.
Accountability should be an expectation of each shareholder of their CEO.
If you do not require accountability,then you have given such person liberty to take your money and do nothing. So far I see little bang for the buck. These are my views and I do not expect everyone to agree with them, nor do I want to try and make others feel that my views must be theirs.
Together with my opinion and .025 you get a share of SRSR.
I understand the details of an agreement are confidential, I understand a great deal about negotiations and the many factors that can derail finalization of a contract.
My problem is with the fact that it was released that a predicted date of the spin out of Shining tree would be 30 days after the press release.
Now we were given an approximate date, the date has passed 3 fold this gives the appearance that maybe things are not going so smoothly.
This is where a leader steps in and assures investors that the process is indeed continuing without major problems and the issues are process related
and time is what is required for resolution. This is a simple step that violates no agreements, contains no details and makes it clear that the deal is not fallen apart, this is what a skilled leader would do.
Letting it hang just fosters conjecture, causes instability in the stock price and creates skepticism about the leaders ability to close.
IMO
Yes, I do have lot's of patience.
A lot more patience than dollars now. I just need to vent sometimes.
I see so many that don't seem to have much in the way of expectation here.
I guess I believe in benchmarks. The market rewards consistency and predictability. Scott is not helping these factors by setting expectations
and then missing them. For people to say that he did not set a date is washing over the truth. He clearly set expectations, and now we are way outside what he said would happen and people are nervous. Okay I am nervous.
It is a simple thing to do to inform shareholders as to why things are delayed. If it is simple procedure, come out and say that, it is far less damaging than letting everything hang in the air. Communication is key.
IMO
I have email Merle on multiple times and I receive nothing useful in return.
Standard stuff, nothing has changed, that is what Merle always says.
I guess he is right, nothing has changed. I get frustrated with the lack of completed data points.
It is almost like Scott has ADD, he seems to be all over the place. I would prefer to see a single focus, complete a task, check it off the list and move to the next task. This is how things get done.
My complaint is nothing gets finished! That is all I ask for is for something to get done. We need a win, some success and this stock will probably whipsaw back into a positive direction.
I sure am hoping so, I have a lot riding on it.
This is a different company than it was then.
Yes there are more land areas than before, but at the time this stock ran Scott had great credibility with just about everyone who was invested.
Now 3 years later the price is a 10th what it was then.
We have had the NI report that ran the stock retracted.
We have precious few holes drilled.
We have no communications (previously Scott would publish a shareholder letter).
We have voted to increase the shares.
We have voted a deal that we don't know the terms of, and no one is telling.
Time frames are never met.
We can never get a straight answer to any questions, from anyone.
Spin outs have been promised, but yet not delivered.
What exactly here inspires confidence? When I invested here I felt 100% sure Scott could bring this thing to mine in relative short order.
Now with the bungling of everything that tries to get done, my confidence is at an all time low.
This is my opinion, and in my mind an opinion can not be wrong.
Yes there are rocks in the ground, the same place they were 3 years ago or 3000 years ago, that isn't the question.
This stock and the management have performed poorly.
I have so much time and money invested here I really don't want to move on, as I am sure will be the request of everyone on this board.
If you are going to come at me come with facts.
All I see here is speculation, because Scott will not give us facts.
This is why this performs so poorly, maybe when one of the many things PR'ed to us actually gets completed this stock will run.
IMO
Yeah.. Maybe he needs to stick to olive oil.
Okay, thanks I saw that one thought there was another that I missed that explained why we are again waiting for some event to be completed. This is becoming really old. I am really ready for some checklist items to be completed. Not more checklist items created. Jmo. But thanks again.
Do you have a link to that public update as to the reasons for the delays?
I guess I missed that one. It is pretty bad when everyone here has the expectation of this company failure to meet deadline and find it perfectly exceptable.
If you have so many question Perry will be happy to answer them for you.
He would even allow you to post his response I am sure.
Subterfuge. I know if I find a stock not to my liking, I move on.
Now if I had an agenda, I would stick around and be a pain.
So what is it that is so interesting about NBRI that you can't just let go and move on? All those short shares you say you were getting giving you the blues.
Shame huh?
Here's hoping you find another board to haunt.
Go NBRI!
Go Perry!
Not everyone..go nbri
I don't think trading in Hong Kong will be such a big issue.
Niostar = controlling interest, and a US or Canadian held stock will be what current SRSR shareholders will own.
HKHE = minority shareholder, listed on the Hong Kong exchange. SRSR shareholders will not own HKHE shares so no need to trade them.
They will raise capital for us to develop this property. They will lend us money raised in hong kong for a stake in Niostar. Surplus cash raised may become a dividend to shareholders of Niostar.
This is what I have read into the few shreds of information released to SRSR shareholders.
I would not be rash and try and change brokers based on what has been disclosed at this point.
What I know is as much a WAG as anyone else here has.
Have at it.
IMO
I am wondering if the financing completion hinges on the spin out of shining tree. After all, they are doing the deal for Nio-star. The possibility exist that they want them untethered to complete the agreement.
Just a thought... I would far and away prefer facts.
Yes, I agree. What is your thought on them vesting when the spinout occurs? I thought I read that once 51% of SRSR is out of current management control that the shares vest. This is not unlike any other option plan, but I don't know if you spinout two properties if there is a technical point which you no longer have 51% control of the total SRSR assets ( 65 to 75% of nio and the ST asset reduction). Then the shares vest.
Can't say it matters a ton, but the shares might be available to hit the market very quickly after the spinouts.
It seems to be drafted in a very fair way to shareholders, with a dollar limit as well as % limit.
It does appear though that once ST and nio are online they will also be eligible for these options.
This was based on a quick read of it. I will spend more time on it later.
Not revealing who you are doing business with is a very bad idea.
All that needs to take place is for people to show some restraint and maturity, research could be done without interrupting any of the transacting partners.
Personally I don't see any immediate PR's except maybe telling everyone what the results of the votes are. I do not believe there to be any event's to release directly following the meeting, short of telling us who we are dealing with.
The events we are waiting for will probably take a bit of time to come to fruition. I hope everyone doesn't get too spooled up for a information dump, just to be disappointed again.
I get the feeling what Scott thinks is important for us to know and what we believe is important to know are not one and the same.
So back to waiting and having more buying opportunities.
I bought 15K at the ask (.033), so there was certainly a buy.
It is possible that water could be a concern, if they open the lid of the mine it may be susceptible to water.
My understanding is that placer claims are where large water sources deposit gold as they rush by, so by virtue of being a place water would want to naturally occur then you probably wouldn't want to expose it to more water.
I have no mining experience, I am just making a conclusion. I more than likely am wrong. Spit balling here.
Why are so many here saying this is a take it or leave it proposition?
If everyone take such a passive role in their investments we will allow CEO's to just do anything they feel is right.
Everybody seemed so sure that we would be fully informed when the DC came out.
Now that we know the same now as we did before it is ok?
Interesting....
I personally think there is time to find out more.
That is an excellent summery of what we know is going on. I can verify most of what you say in your lost as I received the same responses.
Now, I see two camps developing here. The yes votes and no votes obviously.
It does not have to be that black and white yet.
What if both sides just demanded some clear cut answers prior to the vote?
I really do think if a simple Q and A with Scott could fix this to the point of everyone voting with a clear vision of what is going on.
Maybe someone who has Scott's ear could help facilitate this?
Round up some serious direct question here that we should be able to get answered with some valuable answers for all.
Just an idea that could push us all into a Yes corner with confidence.
I do believe they wish the individual parties wish to be anonymous for now.
I also think they can't define what does not exists, as far as a company they can hand us to research.
Do you get what I mean? It isn't like they are merging with HP and you can go out and see what that are all about. Again this is all speculation from my understanding of the deal. We will be voting this blind as to the backers names IMO
That is true. But nio-star isn't subject to the CTO and won't be because of the continuation of filings.
In time it is my understanding that SRSR will also be compliant. And that is good. I hope this all works out great, but as a few other here have noted there are a lot of loop holes that can be exploited in the verbiage of this DC. I am not a big fan of the ambiguities in this document. Some feel faith is enough, and that is fine. Others take a more " show me " attitude. I don't think that either party is wrong because each individual has the right to their comfort level. I see a few people that are seeking answers and being ridiculed for it, that is non-sense this forum is created for that exact purpose.
To tell someone to sell their shares and go away be quad they have a question that they would like addressed is like burying your head in the sand. If one has no fear of the answer the question should not be threatening. Not trying to lecture you web, you have a good head on your shoulders, one that I would think might feel better with a bit more clarity as well.
Good luck
I talked to Merle, and my understanding is, it is a private finance group the best I can guess (guess being the operative term) is it was formed for this purpose. It is for the creation of a entity that will go public on the hong kong market. This is the best I can glean from the information at hand.
No... My mind is clear and sound, I am beginning to question others though.
You show one statement about what Dahlman Rose has done.
They may be very active, my response was to someone again making a big assumption.
Again we ask legitimate questions and get attacks for answers.
Everyone squeaking sell your shares. Foolishness.
I can't believe you would not seek truths and facts.
So investing on a wing and a prayer is much more stabile mentally.
I was hoping to spur some constructive conversation on what for years here has been touted as the best dd board on ihub. And now all that happens here is childish name calling and dd by way of hearsay and conjecture.
To get some of you guys to admit that the DC was lacking all the relevant information to vote,
Is impossible.
I tried to stay back, talked to Merle and get information. Nothing worthwhile coming out of the company.
So while you guys know that a zebra is yellow and green, because Scott says so of course I will continue to try and find real data.
Oh and who the heck has been talking to Scott so much that they have all these tidbits to belie e anyways. The man says hardly anything.
Hold on there. No one can say that Dahlman rose was involved in this decision.
To use that as the basis is misguided. DR's involvement has been hidden intentionally. There involvement could be as little as filing a paper, we don't know.
This is the root of the problem no one knows much for sure.
I kinda like the slant of the conversation here. We all should vote with eyes wide open.
I don't feel confident to vote yes on this with the information I currently have.
The CTO is there because BC requires regular finical filings to be current in their province. SRSR does not have the audited finacials required to remain current. When the spinouts are complete they will become current much easier. Then moving forward they can keep current and add properties.
This is my understanding of the situation.
These are all very valid questions.
Maybe if the people here took them more seriously and addressed them with the same vigor they use to insult the writer the share price wouldn't be back to were it was last year and the year before.
Believe in Scott is not the answer to the queries. What if everyone took this to heart and used it as an exercise to help the confidence of the shaky investors?
If so many here that believe they have the answer to these question then post a solid verifiable answer.
This would go such a long way to helping so many out that would in the long run help everyone on this board out.
I will address one question that some seem to have.
What is the 100million A/S for:
SRSR will not be an empty shell after the spinout. These shares will be used to aggressively pursue other properties. It will in become a holding company, and not worthless.
I was trying to find where I saw it. But can't remember. The quote was from Merle I thought it stated that everyone seems to be assuming SRSR will be an empty shell after the spinout.
This is simply not true. Scott will aggressively be pursuing new properties to add to it. So it seems the addition funds raised could be used for said properties.
That's not so bad huh?
Then you end up with 3 real stocks.
Pdog,
I understand your initial reaction as mine was quite the same.
As I read and re-read the complete filing I started to feel a bit better.
I still have concerns over dealing with a mystery finance group
but it is what we have. They will disclose who they are after the vote. Not too pleased about it.
It seems we will probably be in for a lot of selling pressure in the short term. There is no date short term that I see that will bring investors in, in droves.
IMO
Take another look when you have time, there is a bit more than meets the eye initially. I think I need to vote my shares then walk away from this until the meeting, see who we are dealing with then go away for another 6 months or so until this ripens. I will neither buy or sell in that time, unless some horrible information comes to light.
Oh far be it for a monkey to provide the "missing link"
Well, as my concern in the past has been that Scott can issue share to himself to offset any dilution to his shares. We don't have that option.
This is still a pink company, and we are still just a means to an end for "THEM" they can dilute us into oblivion, have seen it before. That is why I am suspicious as to all this activity with no disclosure. I like the prospect of this company, but these types of things will try your patience, and frankly is unfair to shareholders.
We should not have to fly to Toronto to find out what they are up to. That is sleazy. Let everyone know, so we can all vote on an even playing field.
IMO