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littlebride, How come you aren't buying anymore if Gerry is going to deliver for you? VERT has lots of shares to offer you at .0007.
I'm starting to think the same thing that there was never any plans for a lawsuit.
I don't think long share holders have much more to lose being at this level anyway:)
I'm just surprised with all the talk from the captain placing the end of January as his drop dead date, and it looks as if Gerry has convinced him to hold off.
That is what I am hoping. It just appears that they won't release news until they are finished with this dilution/CD.
Did I miss something here? I thought we were suppose to be looking for an ad in USA Today this week from the captain and littlebride. Did Gerry pacify them with more promises so their lawsuit is on hold again?
littlebride, are you and the captain on hold again in terms of the lawsuit?
Gerry, Dror, and Dave, if you are still reading this board, congratulations for scamming the shareholders here, if indeed that is how you are going to continue to play this out. What was most impressive was your wording in the May 22nd PR to lead investors into thinking that the exponential growth was going to drive this company instead of constant dilution. If you have indeed scammed people here and have no gold, I have no idea how you live with yourselves.
All in my honest opinion.
Looks like us longs are officially toast here since its January 31. Sounds like its all up to the lawyers from this point forward.
656 million shares traded since reverse split (July 24th).
From July 24th-Nov.9: 57 million shares
From Nov. 12th-Jan.30: 599 million shares
So crazyj, I would think that somewhere in the range of 250-300 million of those 599 million since Nov. 12 were designated t trades. I wish the captain would elaborate on how he knew the stock wouldn't go below .0005. Seems as if he knows what is going on with this round of dilution.
Looks like FRAN has gotten back into the picture here since yesterday, but has been on the bid.
Daviboy, who on this board do you think the winmax boys are?
I still think the t trades are some form of dilution, probably a CD conversion as TAKI has suggested in the past. I'm not quite sure how the prices are determined in a CD conversion, but I certainly would think the dilution is coming to a close. As captain suggested a week ago, the price does not seem to be going lower than .0005, so maybe that is the low convertible price. Some of these guys in the broker groups have to know what is going on. I can only hope that along with the dilution there has been some serious shorting, because if Dror and Gerry ever decide to share if they have the gold, we are going to need short covering to help boost this POS. Getting back to a penny seems so far away. This week should at least tell us how Gerry and Dror are going to move forward with the company. Because if we don't get news by Thursday, I would take that to mean they truly have no gold and are prepared to go to court. Sounds as if littlebride reinforced that in his phone call to Calgary last week.
crazyj, I have the spreadsheet at work, so I won't be able to look at it till Monday, but I'm thinking we are close to 600 million shares traded since the reverse split. This number did include the t trades, so I would think you are about right that 250-300 million of those 600 million shares being t designated.
stemclock, Daviboy is right. You won't be getting a response back. Several people have tried to email PROM and haven't gotten anything back.
They must be using the weekend to go look for some gold in the jungle. Good luck Gerry and Dave! From what it looks like, you are going to need some.
crazyj, it certainly appears captain knows a lot more of what is happening with the trading. On his post below, last Sunday, he states that the "the price will not go below .0005 and actually will come back". Don't know how he knows we won't go lower than .0005, but that statement makes it sound as if he knows what has been going on with VERT and FRAN.
Posted by: captainmoti
In reply to: crazyjogger925 who wrote msg# 20967 Date:1/20/2008 9:18:03 PM
Post #of 21204
That is exactly correct crazy...do they have it or not....we have been told to wait to go forward w/ our ad to begin the class action suit....we are waiting as all indicators say something is to happen this week.
same old story but as xuan told us once we go forward and begin there is no going back and taking the ad back, there is no going back and withdrawig the lawsuit..the damage will be down. This is why we are forced into this waiting game and each day we determine the benefit of filing/publication vs waiting another day....very tedious/stressful and in a way boring..
see so many shares trade...the short postion is well over 200 million according to our calculations..if they have the gold and the common sense to publish the pr's that have been long promised all will be well.....time will tell...we are patient..hopefully all of you longs are as well
do not sell a single share to anyone....let people buy and continue to short...the price will not go below .0005 and actually will come back...lets see the news gerald/dror..no more threats from us...we are ready to go but everyone seems to say something will happen this week so SHOW US
the captain.
Hopefully the no t trades yesterday means this CD conversion or whatever form of dilution is over. Looks like most of the dumping yesterday was by investolator.
batting, I think littlebride means that he does believe they have the gold and are not a scam in that sense, but he's worried they aren't going to play fair and reveal what they have.
What is up with these after hour trades? Is dilution back?
Yeah, we're supposed to believe that Dror is sitting on piles of gold yet the ahole can't write a PR or spend a little money to have someone write it for him. I am still LMAO at that one.
LMAO at how pathetic you sound. Still waiting to see your 2 million share buy. You should have no problem getting filled at .0006.
You in Calgary?
You should have no problem getting those 2 million shares filled, but haven't seen them go through. What does Gerry pay you for these posts?
So you are telling me pumper boy the delay is due to Dror not knowing how to put out a PR. LMAO!
Where is Gerry's pumper boy columbia today?
Sorry. Let me rephrase that. What was their excuse for the delay in news?
Maybe another R/S isn't a bad thing at this point. It was the only time this POS ran well in the last year. This time, if they do run it again, I won't make the same mistake. Because they'll probably do the same thing after the run...Short and dilute all over.
littlebride, what was Gerry and Dave's reason for no news?
IMO, oilerman is probably right in that Gerry and Dave shorted all the way down from 18-20 cents back in August, and then diluted to cover their shares. If they don't deliver gold news and captain moves forward with the lawsuit, hopefully that is an angle the lawyers can look into.
Not looking like we are going to see news tomorrow. Still waiting for pumper boy columbia to buy his 2 million shares.
After reading pkripper's post (20899), at least there may be hope by Feb. 15th. It seems as if a pinkie's dilution will be restricted for a year. Maybe that is why we have been getting bombed over the last 7 months by PROM before the cut off date. LOL
Exactly. Here's a company (Blue Bay) that lists printer ink as its service, yet they are advertising selling gold and quartz on a b2b site. So this makes me wonder if they will ever PR sales through Prom. They certainly would have a lot of balls to try and pull this scam off, as it sounds as if they have put too much information out there already (conference call, 35 million in gold, etc.). I just would like to know officially what Dror, Gerry and all plan to do: be a real mining company or get fitted for the orange jumpsuit. IMHO
littlebride, what do you know of blue bay and how it fits in with Prom?
This is why I'm a bit worried after hearing that oilerman thinks that PROM is just a way to keep Winmax alive through dumping shares. Why would Dror be advertising on selling gold and quartz through Blue Bay and not through Prom Resources? It just seems as if we are never going to hear about gold sales through a PROM PR.
columbia, How's Gerry and Dave doing?
Captain, if you are out there, any update on when you will be printing the ad in USA Today?
Investolator, has VERT shown up on the ask yet this morning?
Yep, both Daviboy and bearish98 were born on August 23, about a day after wiseoldahole came aboard the PRMO board. Bearish98 talked about a lawsuit from a guy named ferguson out of las vegas, and daviboy agreed. And nothing has come out of that lawsuit. In my opinion, daviboy is looking to cover.
Daviboy, how many shares do you have to cover?
Daviboy, You were talking about an imminent lawsuit 3-4 months ago, and nothing came of it, so how do you explain that? If there is a lawsuit, what law firm are you using?
So if you can't answer those questions, I think most people here will be thinking you are short big time, and you are back here trying to get people to sell, so you can cover.
Which is it?