Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What is the fiduciary duty of a start-up enterprise listed on the pinksheets? To immediately report every detail of their operations as they occur? As far as I know, that's not required on any exchange.
Would suggest you call or email the Company to ask your questions and then report back to this board with the results of your DD. TIA
Very optimistic prediction, MTP.
Timmy - I really appreciate your comments concerning the website as well as suggestions made by others on this board. My experience in dealing with the corporate officers of Aquagold is that they are very willing to hear suggestions from shareholders. I encourage you to write to or call Domingo Silvas and convey to him your ideas about how to enhance the website's graphic design and artwork. I know he will be grateful.
Eating crow and humble pie. There will always be critics and doubters who grow impatient whenever their insatiable appetite for immediate news overtakes their common business sense. From what I was told by St Leger, the remaining four containers from the first order are somewhere on the high seas, making their way to Shanghai. A little patience and the news will soon be out.
There is so much yet to be announced, and they don't want to do it in dribs and drabs. I'm looking for a huge press release somewhere around the end of the month (capital financing, quarterly financial statements, arrival of 2nd shipment, report of initial sales to Chinese consumers, results of beauty competition, website improvements, etc).
This is just the earliest stage of Company growth and development, the tip of the iceberg. If you've ever baked a cake, you know you must let it rise before opening the oven door to let the heat out. Aquagold is like a cake in the oven taking some time to rise.
Funny how people expect Aquagold's website to be cutting edge. Actually, in some ways, it is probably as good as Evian's. So far, we have placed one single container of 500ml bottles in one country, China, while Evian is selling 1.5 billion bottles annually in 125 countries worldwide. I went to Evian's website and was not at all impressed, considering what their revenues must be.
Aquagold has done the needful by bringing its website current with recent news about the Company. They worked within their budget in a tight economy and put together a reconstructed website that they will continue to improve (photo galleries, financial reports, etc.) as we go forward.
Wrong. Aurus has reorganized its management beginning with a new Company President. They will be paying their old bill with Transfer Online and bringing their website up-to-date. They will submit reports to have all warnings removed from their pinksheets rating, they are communicating with shareholders and shortly they will post information concerning past production.
Please find new sources who will provide you with verifiable information.
One of their first moves will surely be to pay what they owe to their transfer agent, Transfer Online. I wrote to them a month or two ago about the need to submit reports to correct their pinksheet rating, and I'm sure they will be taking care of that soon.
AURC is coming back!! It will be very interesting to see who they partner with to get the gold out of the tailings and where the money comes from to procure the equipment necessary to work the Krong site.
Whose website is that?
Sooner or later, this has to pay off because the assets (both iron and precious metals) are real. Economically speaking, these are scarce resources whose value will be determined by market demand. As the Russian economy recovers, Aurus assets will become more and more attractive to mining companies and investors alike.
There is equipment available today that can separate what previously could not be separated
with measurable commercial benefit, in other words, gold and silver. This will encourage joint venturers and licensees to
seriously bid on these assets.
My main concern is that Aurus management does not get hoodwinked into giving up too great an interest in its enterprise without receiving a great enough return.
Patience is always required when dealing with a real company that is not just trying to pump up its price per share with fluff. For example, reconstructing a website takes longer than updating it with a few news items, so we are not losing our cool because changes in the website have not been seen yet. We know they are working on it, and that should encourage us to hold long because the changes will be dramatic.
We also know the follow up order of four containers (minimum) was to be shipped by now to China. Progress is ongoing. We just have to remember that the release of PR's is not the top priority. Building the business is the top priority, and all of the news will come out on the wire in due course of time.
Nice to see the share price holding at this level without a PR, showing that shareholder confidence is not wavering.
If we make it to .01, I would feel encouraged.
And if you are a chartist, just take a look at the AQUI chart since the beginning of 2009. No one could fail to see the upward trend over the past six or seven months. That and the anticipation of more great news should certainly induce momentum traders to get onboard the Aquagold train.
Whitecrow -- I understand your apprehension, because every new company, whether it is private or listed, must go through the trial phase of operations. I think if you had some personal interaction with the principals of Aquagold, some of your fears would diminish. Some of us met the corporate officers in New York. Some have been in contact with them
over the past year and that contact has given us a different impression than what has occasionally been posted by negative people on this board.
Let's remember that it has taken Aquagold more than two years of cultivating relationships in China to get to this stage. Actually, its first shipment was a container full of bottled spring water that was sent as humanitarian aid about eighteen months ago. Also, it is very significant that Aquagold's revenues are guaranteed by an irrevocable letter of credit. This is quite unique, as was explained to us at the April, 2008 meeting, because generally foreign companies selling water to China do so on a consignment basis and receive payment as the product is sold off the shelves. You can see on the website that Aquagold has been recognized for service with compassion in the Great Hall of the People.
So a foundation has been built over time which will now begin to pay off. The Company has not yet reported revenues to the public, but that does not mean there have not been any to date. No one knows the day to day activity of their bank account, but the irrevocable letter of credit guarantees they will be paid for any merchandise they deliver under contract and deliveries have begun, so you can rest assured that revenues are beginning to flow in.
China is surpassing Japan as the world's second largest economy. They are very selective who they let in, but once you're in, you're relatively safe as long as you don't screw up. The astute investor always has this notion in the back of his mind, that promises made by a company are not always kept, so you watch very carefully and you appraise the performance of management to make sure they are headed in the right direction and that they are handling themselves with honesty and integrity. If you feel that is not the case, you don't invest, or if you are already invested you sell. Each individual shareholder will make that decision based on his own perception.
Domingo Silvas is a very successful business executive. He took a company that had revenues of $1,000/month to $10M in its third year. Under his expert management, Aquagold could become the turnaround story of the year.
When you consider rolling out your product, you do a cost- volume-profit analysis. The object is to maximize your profits. So you test the market to see what price the market will bear and determine to what extent sales would increase at lower prices. You also have to determine your costs, fixed and variable, because the cost of producing something and getting it to market should decrease per unit as the quantity is increased. A careful study will determine whether the rollout of a particular product in a particular market at a specific price will prove to be a profitable venture. Then you will be able to determine at what price and in what volume profits are maximized.
Rest assured, the management of Aquagold, including Domingo Silvas and York Tang, are not going forward blindly. They have tested the market and know exactly what to expect. I'm sure they could tell you their projected sales and the estimated profit from sales for the next twelve months. But they are not going to announce those figures. Instead, they will present financial statements at the end of each quarter
and become fully reporting because that is how a professionally managed corporation operates.
Let's remember, this is not a fly-by-night pinksheet company looking to exploit unsuspecting investors. This is a serious venture with professional management that is making its move on all fronts to become a powerful player in the premium bottled water industry. It all takes time, but we have already begun to see the signposts that tell us where this
company is headed.
I think the answer to your question is that Aquagold will be setting its prices according to what the market will bear. Its products will be competitively priced, in line with the pricing of other products offered in the same category and in the same targeted market.
Sounds like a plan.
Time for a breakout with the next PR, any day now.
Yes, I called them about that and they said Aurus owes them money. As soon as they pay what is owed, Transfer Online will put Aurus back on their active client list.
Well said, kellyco, and well thought out.
One thing I am sure of is that the majority shareholder is not going to walk away from Aurus, and he will see to it that his interest is not ignored. We, as AURC shareholders, should be handled in the same way. In other words, if the majority shareholder benefits, we should benefit, not to the same extent but in proportion to the shares we hold.
When a PR comes out, interested parties not familiar with message boards will go directly to the Company's website.
Their first visit leaves a strong impression as to the astuteness of a Company's management.
Skeena, I'm glad you brought this to their attention. If they
hear the same comment from different sources, they are more likely to update it and make it more attractive graphically and visually more animated.
My sentiments exactly. I can feel them working on the next PR as we speak. We are seeing great progress in production and sales, advertising and marketing, contracts and negotiations.
I think I'll send Domingo an email right now suggesting they update the website.
The news was perhaps premature, but the Zoloto Ventures website is still up and I suspect it isn't going away. Hilbroy Financial Advisory Services wants to advertise this deal and not take any steps in a backwards direction.
We just want to know that AURC shareholders will benefit from the deal with Zoloto and maybe get a regular cash dividend from the royalty payments Aurus should receive as licensor.
Hopefully, we will know more in a month's time.
I would expect the opposite to occur. To take advantage of the situation, opportunists will pump this leaked news to raise the price of AURC shares since we are already at rock bottom. Only one way to go and that's up.
Let's keep an eye on the Zoloto website to see if they actually shut it down. I think Amyot is manipulating the parties so he can pump this deal. Aurus shareholders will benefit as soon as the Company is named as the licensor.
Generally, that wouldn't happen until there is a signed contract, but since "the cat is out of the bag" we may get some confirmation sooner rather than later. All IMO.
I tried calling Zoloto two or three times this morning and got a call back this afternoon from Guy Poirier. I think you have seen his name before.
Guy told me that the Zoloto website was put together by Hilbroy Advisory and that all of the information posted there and in the Hilbroy Newsletter was released prematurely. Hilbroy has been asked to take down the website and replace the information with an "Under Construction" notice. He said that a PR won't be released until September announcing the deal.
That's not to say the information we saw posted on the website was false, only that the details are still being worked out, and at present there is no signed agreement.
I should mention that Guy Poirier has no idea who is the third party involved in the negotiations. He didn't know about the equipment situation or anything else related to Krong or Aurus. He even said the "98% working interest"
is not a final arrangement. Everything is still up in the air at this point. I think Mr. Marushko is intentionally keeping Guy Poirier in the dark.
I like the way you said that.
Nice find! China's Got Talent!
Would like to see a PR this week concerning the next shipment to China. Also, that the original container full of Aquagold Canadian premium spring water has reached the Chinese consumer.
We'd like to see the website updated with the new bottle design and recent PR's featured. Also, the company hasn't announced the news about capital funding in the amount of $15M.
We should see another PR of substance shortly.
I called Zoloto Ventures at the number posted on their website (514-941-6181) and spoke (in English) to a fellow named Michel. He was out shopping and didn't want to talk,
so he asked me to call back tomorrow at 11:00 A.M. He said the person I should talk to is Jerry, so I'll try again tomorrow.
All that you say makes sense, wallymac. We have quite a long way to go before any such changes take place in share structure. According to the PR, the company plans to become fully reporting, and one would assume that means on the pinksheets, as a major step in adding transparency. R/M talk on this board is probably premature because it hasn't been mentioned by the Company. Let's take it one step at a time.
That's right, AP. I think whoever next speaks to an officer of the Company should suggest that they update their website more regularly because that is probably the first place potential investors go to find out about Aquagold.
When we hear of a reverse merger, we relate it to a private company acquiring a shell corporation in order to be listed on an exchange like OTC:BB or the pinksheets.
Can you explain the mechanics of how AQUI could be involved
in a reverse merger, since it is already publicly listed?
(Comments by others welcome. Links to explanatory articles also welcome.)
LOL -- I brought that up because I expect posters to use the topic in the future to play on the emotions of shareholders, but I know you would never do such a thing.
Paranoid? Who, me?
I'm not saying an R/S is planned. Actually, I would say it is the last thing on their minds right now. Theoretically, a company can take advantage of a R/S to raise its share price to qualify for a higher exchange like AMEX or NYSE. In theory, the R/S is not supposed to decrease or increase market cap, but in ordinary pinksheet dealings the R/S is part of a strategy to increase available shares for dumping into the market. Then, what generally happens is that shareholder value is undercut and sometimes practically obliterated, so a proposal to R/S is taken as the worst possible news for pinksheet investors.
Because it is so remote an option at this time for AQUI, when the R/S is mentioned, it serves only as a scare tactic to get shareholders to abandon their position for fear of total loss.
On the other hand, a reverse merger would not involve any kind of stock split, forward or reverse, or other form of capital restructuring and may be a timely step to gain market stability while attracting another class of investor including reputable financial institutions. There is a strong possibility we will see AQUI move in that direction when the time comes. IMO
With $15M in capital funding, Aquagold will not need to R/S, nor do they need to increase authorized shares for now. This is a serious business, not your standard pinkie. Think about it. $200M in contracts already signed and backed by irrevocable LOC. Production is rolling, product already shipped and cleared through customs. Marketing campaign well underway in China.
What moves would you expect from a serious company in this position at this point in time?
Getting into compliance as far as reporting is concerned.
Ramping up production. Developing and introducing other products in its category. Improving packaging, advertising, branding, image.
They are doing all of this, all of this and more.
I agree that if all goes as planned, we could see .10 by year's end. I'm not looking at market cap or eps right now because price per share is based more on future cash flows. In a year or two, AQUI could sign another $200M contract for sales in another part of the world, so why see it from such a limited perspective?
I would say $100M market cap will be within reason in six months, with or without a R/S, but a R/S will happen only when there is a move to uplist, IMO. That's what a serious company with considerable funding to expand would do.
Jean Francois Amyot is president of Hilbroy Advisory. He has been involved with Aurus before, and his character is being questioned here:
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_A/threadview?m=mm&bn=75180&tid=676&mid=-1&tof=5&rt=2&frt=2&off=1
Anybody try contacting Zoloto directly? Maybe they will confirm to the caller that they are going to develop the Krong site. They might also explain the nature of their 98% working interest and agreement with Aurus. I would be interested to know whether they plan to PR any of this.
Whatever lights your fire, kellyco. Thanks again for your splendid DD contribution to the board.
After reading some of kellyco's DD (many thanks), I have a better feeling about the reported developments. We knew Aurus was looking for another company or companies to partner with to develop the hill of iron pyrite tailings. The 98% working interest of Zoloto Ventures sounds like Aurus will receive some type of royalties. How the positive cash flow will translate into profits for shareholders is the big unknown.
What we would really like to see, once this deal is finalized, is compliance by Aurus with reporting requirements, and maybe a cash dividend once in a while.
If there is no buyout, how about a .01 dividend every six months!
It would also be nice if Aurus were to appoint a North American representative who is always in the loop and who will be available to share information with us shareholders.
If Aurus doesn't get its act together after closing this deal, and if we don't see any financial benefit in the end, would anyone here want to buy Zoloto shares on the German exchange?
Hilbroy Advisory shows 170M shares issued and estimated market cap of $340M. That means the offering price will be $2/share.