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camguy-
scrol down the document. there's some names you may recognize
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http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15057
The sad part about it is that the general population is fed up with Bush and what has happenned during his tenure. I think the republican party may be in for quite a surprise this Nov. Trouble with that is the democrats will be in control and then start taking care of all their friends and constituants, hold on to your wallets. The war in Iraq is losing significance as time goes on and the crumbling economy really starts to hurt. Personally I think the democrats will gain in congress so I hope McCain gets in the white house. That will once again produce gridlock. I'm a firm believer in gridlock. They all spend so much time posturing and arguing that nothing much really ever gets done. The less they do the less harm is done and the better off we are. No matter who gets in or is in control, they will not be able to stop the unfolding mess we are in. Like someone said before, no empire lasts forever. The dollar will continue a freefall and our gold and silver will reward the forward thinker.
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And there was Afganistan. And the Star Wars anti missle shield scam. I think that one was the biggie that finally did them in.
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Don't forget the cold war was "won" not by military might, rather by plain and simple economics. Don't think that history lesson is lost on the Chinese. They are not stupid people, far from it. It would not surprise me in the least if there were some highly classified papers in our gov't containing a scenario to declare war with China if for no other reason than to nullify their dollar holdings. They do pay people big bucks in gov't to study all the alternatives.
PS- no. I'm not one of those conspiracy nuts. LOL
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Joe- you have a very good take on what's happening with the US dollar worldwide. I have always feared what is going to happen when all those dollars come home to roost. Just MHO, but I don't think any free trade agreements are going to pass a congress in the control of the democrats. I believe the near term is going to be more protectionist than free trade given higher costs of basics like food and energy and the loss of decent paying jobs. I know it's wrong but the politics of it will prevail. Back to the dollar, no matter how much our political hierarchy says they want a strong dollar, they will continue to erode it. Your analysis was on target. A cheaper dollar will eventually bring jobs and growth back on US soil. European manufacturers are complaining right now about losses of business due to the high euro. The downside is the inflation that will adversely affect everyone. I'm not saying your philosophy about junior miners is wrong, but it's my preference to hold my metals in the physical. Making sure the miners are run by US or Canadian management is a must if you go that way. Even then be careful as there are too many scams that proliferate in penny stockland. Studying the management and ownership of a junior miner is as important as studying any drill and assay results and land holdings.
As an aside, I read and article about the rise of the survivalist movement. It was food for thought. The US was built on credit and cheap energy. The credit market is in total chaos and no matter how the bankers try to spin it, it seems to get worse. $500 + trillion dollars in derivatives is not a small number. No need to explain what's happening to the cheap energy. Where are we headed from here? I wish I knew.
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If for no other reason, having a national distributor will save the company large sums in warehouse and storage fees. A distributor will want to be able to guarantee shipments to clients so will want to maintain the inventory within their own system. Accurate inventory in their computer system and the client can be appraised immediately if the wanted product is readily available. All Clint and co would have to do is coordinate drop ships from the port of entry. Save warehouse and storage fees. Save labor maintaining warehouse and prepping orders for shipment. They then can concentrate more on increasing product line. It just makes so much more sense financially to do it that way. I could be wrong here, but that's my interpretation.
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53chevy- there is a place for that kind of company. Click the link in my siggy and check it out
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basser- you are correct. I have been trading penny stocks for over 10 years and ETNL has the best prospects that I have ever run across. It has no place on this board. I am hoping more posters run across this board in their travels. It has great potential and would save the portfolios of many innocents in this game. It only takes a few moments to identify the scamsters, but the value of those moments is almost priceless. Keep up the good works.
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Hi basser- I hope you're not planning to put our ETNL on this board. LOL. This is a board with the most potential to be of help to anyone playing penny stocks. It seems every day another scam pops up. Since the SEC is of very little help vigilance and communication are the keys to protect the small investor even if it's from his/her own greed.
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I agree. The future is not looking very bright right now.
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Hi tocotuga- I'm a little ancient. I still have XP and it works great there. I have heard that about vista before, apologies, I should have mentioned it.
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I believe your use of the word solid is very applicable. They are taking baby steps to complete their gameplan and establishing the solid base needed to keep building. Yes it hurts a lot of portfolios short term, but I've maintained all along that this is a long term play. If the busy bees in Mich are half as busy as our own Superbee we'll end up with very good returns.
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Hello all- mainly just a lurker here, which means I have just been "taking" from your board and giving nothing in return. Been a goldbug myself since the late 70's but am mainly into holding the physical. IMHO if it's only on paper you don't really have it, and it is far more easily confiscated. So anyway I am sending this link for some freeware from kitco. It's a streamer for one minute updates on precious metals right in your browser tray. I've been using it for about a year and a half and find it very useful swing trading some of the big miners. Apologies if everyone already has it and I'm sending old news.
http://kcast.kitco.com/
Best of luck to all
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ADventures in trading- yeah, I'm now and have been ready to do this. Investor update seemed OK and we should be grateful to get one from the company. After all as long as they stay pink they do not have to put out anything, but that should change shortly.
Caught that article on Mondavi yeasterday. California reds are the best but the whites can't hold a candle to my Finger Lake whites. Am in the process of bottling 55 gallons this week, one bottle at a time LOL.
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Just kidding on the Time and Newsweek, but the Business Week has involved more than just the PM market all those years ago. There have been many analyses and reccos by them that have turned sour over the years. The gold and silver one is the one I remember best. I think it falls along the same line as if your taxi driver is reccoing it then the big money has already left and it's too late.
PS- wine bottling time. LOL and BURP
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West Texas- I wish you the best of luck here on your board. I'm not an investor anymore but still look in once in a while. You have taken a board run by pump and dumpers and tried to make it legit with openness and honesty in your posts. I've got every one of that old crowd membermarked and will follow them and warn people about their tactics in PMs. I have also noticed not so much "bashing" going on, which once again reflects on yourself and the way you run things here. We can agree to disagree on where this company is going, but I for one will respect your point of view and your right to air it. Best of luck to you
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When you see it in Time and Newsweek, it will definately be time to run for the hills. LOL
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PITA and Superbee- beware here. There is a saying among some of us "older" investors that when Business Week is touting something it is time to exit the play. It goes back many years to when they were printing the the great investment opportunity in gold and silver in 1981 just a week before it all came tumbling down. Let's just hope the stigma has worn off, LOL.
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blacklung- can't hardly go wrong at this price. in case you missed it here's my previous post;
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29399750
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130K buy at the ask. eom
WTVN update- I just updated my iBox on the outstanding share count. 300 million shares dumped in just 2 weeks.
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10/22/07--- 18,351,705--- from TA
11/01/07--- 23,125,015--- from TA
11/09/07--- 29,954,387--- from TA
11/22/07--- 48,814,895--- from TA
12/07/07--- 68,616,327--- from TA
12/21/07--- 116,432,725--- from TA
01/04/08--- 140,916,975--- from TA
01/18/08--- 199,071,043--- from TA
02/05/08--- 286,225,109--- from TA
02/15/08--- 320,212,509--- from TA
02/29/08--- 414,690,459--- from TA
03/12/08--- 525,593,709--- from TA
03/27/08--- 689,917,594--- from TA
04/04/08--- 750,245,594---from TA
04/17/08--- 895,901,594--- from TA
05/04/08--- 1,176,557,594--- from TA
05/19/08--- 1,468,885,594--- from TA
another high volume day for such a low float. just an observation
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OS count updated in iBox. eom
and they will be successful as long as most of the trading is going at the bid.
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GM all, worth a repost- when the stock was trading at this price pre reverse split there were no revenues, no Star trek, no Remiere, toxic finacing going on, and share dilution. Just take a moment to think on it.
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Major D- Ameritrade hasn't locked anything yet. I put in a GTC order for all my shares yesterday at $1.50 and the order is still on the books. I don't have margin and it keeps them from using my shares for shorting purposes. Just FYI
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twogreen, I've always had a bad feeling about that myself, but no adequate resources to persue it thoroughly. It wasn't long after that post when the reverse split was thrown upon us. Truthfully I did a major evaluation of my position after that reverse split. I was expecting one sometime in the future and even posted the possibilities it could open. What threw me at the time was the way the company handled it. Up until that point I was very pleased with the way the company seemed to do what they stated and was very investor friendly at the same time. It was definately bad news to try and sneak a reverse split in without a prior announcement. I'll bet it turned many investors off and we are still feeling it. Not that it is the only reason the share price has deteriorated, but it is definately a factor- loss of investor confidence. I don't find it strange that all this started happening when the shysters became involved. Anyway, I looked at the future for the company and liked what I saw despite the miscues and am still here. For how long is a good question. I have lost some confidence in our management team. I keep a diligent watch on everything. Nothing will destroy a start up quicker than undercapitalization or worse, mismanagement. I know a turnaround from present conditions won't happen overnight. It will take time and as long as I see the company headed in the right direction I'm in for the ride.
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twogreen- a link for you, re 50¢ share
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25180816
surfer- last time this stock traded at this level pre split there was no star trek, no sales to speak of, just a few distributors, and they were going thru a round of toxic financing which drove the share price to .0006 at the low. And Lurker wasn't even selling pet urns then LOL. A few pieces of good news and it became a 10 bagger. And there were more outstanding shares available then also. As I posted yesterday to someone, these are gut renching times.
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twogreen- right now the uplisting is key. Even then institutions won't touch it as the $5 limit is in place for the vast majority of them. Once again hedge funds are a different story. What we hope to avoid is any kind of toxic financing, especially if it's tied to additional shares being added to the outstanding. All the uplisting is going to do is open the stock to a much larger pool of investors that won't touch a pinkie. Yes there are many pink stocks that belong to companies that are very successful and they choose to stay pink mainly because of Sab-Ox requirements. But there are very few pinks that are successful start-ups. Share appreciation will happen when there is far more demand than is currently happenning. That demand will come from additional investors buying in when reading successive 10Qs and 10Ks showing increasing revenues thru higher sales and growth. The uplist in itself may only produce a small spike in share price. The reports showing the continued success and company growth will be the triggers. Just remember this all won't happen overnight. The patience required will be at times very gut wrenching as it is now. Only the individual can determine his/her comfort level and make decisions accordingly.
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Mon Hun- welcome aboard. It started years ago with a small group sending warnings to mostly deaf ears about Kanakaris and his operation. Each year after the almost yearly reverse split more screwed investors have taken a moment of their time every so often and tried to spread the word. The list is now growing almost daily. You have the right idea and are going in the right direction. Best of luck in your quest. You are definately not alone. Click the link in my siggy. I got this on top of the list in the hall of shame.
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twogreen- if you mean institutions as in mutuals, that's a big no. A very large majority of them cannot by charter invest in any stock under $5. If you mean hedge funds which have no such restrictions, it is plausable. The uplist means financials each quarter that go to the SEC. It's kinda like a security blanket to investors because no one wants to get caught lying to the SEC. What the uplist will do is open the stock to multiples of more investors than will touch it now in pinkieville. A VERY large majority of investors will not touch a pinkie because of the proliferation of scams and scam artists that operate there. Click the link in my siggy for a board dedicated to them. Filing of forms 10Q and 10K opens the company's books for all to see and base investment decisions on. Pinksheet stocks have no such requirements leaving the investor basically blind. Hope that helps a little.
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someone just put their money where their mouth is, 100,000 shares at the ask .067. And it didn't budge.
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Been following this one since the first round of the current dilution. Given the history of Aziz coupled with the extreme dilution going on, AMHD deserves a spot on the "Hall of Shame" here:
http://investorshub.advfn.com/boards/board.asp?board_id=12189
He would be joining quite a lineup of thieves and scoundrels.
I just saw your chart. Question- Long term money flow shows money has been flowing out of the stock, yet we have a strong accumulation uptrend. It seems contradictory. My charting skills are amateurish at best as I'm more of a fundamentalist type. Looking for a sound reasonable explanation, that's all.
Thank you
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share count updated in iBox. eom
camguy- watching volumes and share price daily as I do, and I suppose you and many others also, I have been noticing declining volumes even with the fluff machime going full blast. I believe what we are witnessing is the beginning of the end, but don't expect Alex and gang to go quietly. It will everyone else's fault . After all how could the dumping of billions of shares on unsuspecting investors cause any harm?
2. "The Company especially feels that it is being shortsighted by certain parts of the investment community and seeks to correct that..."
That just tells me the word is definately spreading. I think it's some kind of justice that the same internet they used to fund lavish lifestlyes at the expense of uninformed investors is now becoming the instrument of their demise.
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apologies to all reading here. I didn't get to update the share counts with the TA on Friday. I'll be on top of that on Monday. Thanks for your patience.
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I exited my position quickly after the last 300 million share dump., and now I see he has dumped a few hundred million more shares. This guy is worse than Kanakaris at WTVN and that is really saying something. I wish you guys all the luck in the world, but I can't see any future for shareholders in a company that is dumping shares like this one. And didn't he promise in a recent PR that he wouldn't be dumping any in the next few months? A smart trader with his finger on the sell button can probably make a few $$ here. If you're thinking long term, you might want to rethink. If this dilution continues he will eventually have to reverse split the stock, and you can bet it will only apply to the outstanding shares. It's just one scenario, but given what's been happenning, a very likely one. GL2 all
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same release, different venue:
http://www.tradingmarkets.com/.site/news/Stock%20News/1398856/
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