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From today's 10-Q. Looks like they are confident of raising the funds:
The Company is actively seeking financing in the amount of $1,000,000 to fully execute the next phase of the Company’s exploration campaign in accordance with the NI 43-101 and future acquisitions. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company’s authorized capital. The Company is optimistic that the financing will be secured and our going concern risk will be removed. We are in discussions with various parties and believe a successful financing is likely.
From today's 10 q.
The Company believes the Property has good potential for both rare earths in pegmatites and for sulphide deposits in volcanics. In addition, the airborne survey has found magnetic anamalies for kimberlite targets. Several kimberlite targets were discovered in the immediate vicinity of the Property, from one to three kilometers to the north/west of the Property. On November 9, 2011, the Company entered into a letter of intent to secure the purchase of these 37 mining claims relevant to these kimberlite targets. As of February 29, 2012, the Asset Purchase Agreement has not been finalized and is expected to be completed in the next quarter.
3
--------------------------------------------------------------------------------
To fully explore the potential of the Property, a two-phase program is recommended. It is described in the proposed budget shown below:
Phase I (Compilation, geophysical and geological surveys and sampling with 2000 m of drilling)
Work Quantity Unit Unit Cost Total
Compilation of the EM Input (SDBJ) and Dighem (2007) anomalies (location of anomalies and interpretation) $ 10,000
Line cutting (cut every 100 m and picketed every 25 m) on the main coincident Mag and EM anomalies. Provision of 125 km 125 km $ 550 $ 68,750
Ground geophysics, EM (MaxMin) and Mag 125 km $ 350 $ 43,750
Geology and prospecting on the cut lines and on the north part of the property (including room and board, transportation, etc.) $ 100,000
Stripping, trenching and sampling, all inclusive $ 50,000
Drilling on the target to be defined ($225/m, all inclusive) 2,000 m $ 225 $ 460,000
Report update, NI 43-101 and for statutory
purposes $ 10,000
Contingency, estimated at 10%
TOTAL PHASE I $ 805,750
Phase II
Provision of 5,000 m of drilling to test the targets defined during Phase I 5,000 m $ 225 $ 1,125,000
Report update, NI 43-101 and for statutory
purposes $ 12,000
Contingency, estimated at 10% $ 113,700
TOTAL PHASE II $ 1,250,700
TOTAL PHASE I AND II $ 2,056,450
Jordon has indicated that he is working on removing the PBTD segment of the company from TUCA.
So, TUCA is doing the right thing here and will be focusing on the mining operations.
OK, I'm feeling calmer now.
I am really upset about this. Alain Champagne needs to take over the mining side.
As usual, you were so right about this one.
http://ih.advfn.com/p.php?pid=nmona&article=52110961
Plan of Operation for PBTD Segment
I did not sign up for this!
TUCA should focus on mining and not on this.
The Company will continue with the Pay By The Day operations during the Company’s exploration of the Abigail Property. The promotion of PBTD brand and program is contingent upon the Company successfully obtain financing and will begin with the production of a new 30 second direct response commercials. The campaign will be nationwide with multiple station coverage. We are currently in discussions with a Canadian based media company to produce an infomercial that will air on stations across Ontario. The cost of producing and airing the infomercial is approximately $20,000. We expect the profits generated from the infomercial campaign to fund additional air time slots. PBTD anticipates the production of the infomercial and commercial to begin 6-8 months once the financing is obtained. We produced two 30 second spot commercials in 2004 that aired Canada wide with a focus on Northern Ontario and all of Alberta. The new television advertising campaign will be initiated with the guidance of an advertising agency. We determine the areas of interest and the agency provides us with various rates, time slots available, and the stations catering to our focus area.
You sound too squeaky clean......LOL
Let's get that pps up and running with the continuation of WOLV's exploration program and we'll see what mischief we can get upto while fishing and getting bit by 1 pound black flies!
I would like to take a trip up to Labrador after our shares hit the .20 range.
Will bring lots of California bubbly in checked baggage!
They just walked SIRG down from .0050 to .0035 with their crap 5000 share trades!
Volume before good news, methinks!
VSYS
This company is gearing up for good news. End of the year buyout candidate. Lots of contracts negotiated and lots of connections to large corporations.
SIRG
I hope they get good funding news! PR soon appears to be the rumour.
Dept. of Homeland Security contracts, now Microsoft is checking out VSYS, I feel that sooner rather than later, this company will be bought out.
I have my shares in hand. Do you?
Viscount's Freedom technology uses advanced IP-based architecture to enable physical security systems to run as a software application on a network, significantly reducing hardware costs and improving security.
Got my fingers crossed here, as I have a lot of dough in this junior explorer.
Wow, this idea is out of this world! I think that's how they powered the USS Enterprise.
It isn't alternative energy, because alternative energy-like wind farms, solar arrays and the like-actually need to create electricity from some other means. Instead, SEFE taps the source, capturing and converting naturally occurring static electricity in the atmosphere into a constant, abundant and decidedly GREEN SOURCE of renewable energy
No, this scam is done. The big run to $10 was the grand finale!
Excellent news!
First, we have contracts with the Dept. of Homeland Security, now we have a contract with a prison!
Nothing happened to it.
He is still IR at wolv.
No one really knows who is selling or why they are selling!
Who really cares. What matters is the drill program that will be launched when the snow melts.
I have filled in the blanks and arrived at a different conclusion.
The Inuit won't prosper from building casinos up in the Labrador wilderness, but they will from joint venturing with people they trust in mining exploration.
Hey Woodtick27,
What's up with SHVLF?
Woof
Now, that's a great idea.
WOLV has major connections to the Inuit people. I vote for a partnership and joint venture development of our copper property.
Do you think the Inuit corporation has the funds necessary to complete a 20 hole drill program? I do.
Locked and loaded.
Hey NYBob,
What's cooking with CALVF?
D
Hopefully, we won't have to wait five years.
The the Dept. of Homeland security contracts may speed things up!
How are you doing these days?
Spring is here! The snow is melting, the drilling is about to commence in the hinterlands of Canada.
Our neighbor, Nemaska, is moving forward with development of its lithium property which is situated real close to TUCA's abigail property.
Nemaska Lithium Eligible for Quebec Stock Savings Plan II and, Nomination of a New Director
QUEBEC CITY, CANADA--(Marketwire - March 26, 2012) - Nemaska Lithium Inc. ("Nemaska" or "the Corporation") (TSX VENTURE:NMX.V - News)(OTCQX:NMKEF.PK - News) is pleased to announce that Nemaska shares are now listed as "valid shares" on the list of the Autorite des marches financiers.
The Quebec Stock Savings Plan II gives qualified corporations better access to capital markets by enabling individuals who reside in Quebec to deduct the adjusted cost of a qualifying share. The program is primarily intended to increase the demand for newly issued shares of small businesses.
Nemaska announces that the number of Directors has been increased to 7 and that Mr. Gordon Gao has joined the Board of Directors. Mr. Gao is Vice President of TQC Equipment Inc. (TQCE), the Canadian subsidiary of Chengdu Tianqi Industry Group Co., Ltd. Mr. Gao is based in Laval, Quebec, where he has been working since 2010. Before joining TQCE in 2009, he worked as an international business manager of Chengdu Enwei Group Co., Ltd. (2002-2009), which is specialized in medicine and health products. From 2000 to 2002, he worked in international trade department of Sichuan Leshan Zhengjing Leather Products Co., Ltd. Mr. Gordon Gao holds a Bachelor degree of Economics of East China Normal University, Shanghai, China (2000).
About Nemaska
Nemaska Lithium is an exploration and development company involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. The Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport. Nemaska also owns 47.2% of its subsidiary Monarques Resources Inc. (TSX VENTURE:MQR.V - News).
The link hereby provided is a BTV interview of Mr. Guy Bourassa, President and Chief Executive Officer, as of March 12, 2012 of our Whabouchi Resources video: www.b-tv.com/i/videos/NemaskaLithiumUpdateMar12.wmv
The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Investor Relations
Wanda Cutler
416 303-6460
wanda.cutler@nemaskalithium.com
The company will announce the drilling dates and the loacations.
They arein the process of putting together the funding for the program.
I'm locked and loaded.
Ah, BLVD,my first scammy pinky investment! I mean swindle!
I thought the post was relevant as Luke Rich is an integral part of the WOLV team. He is a native of Labrador, lives and plays in the area and has mining connections.
Contrast and compare that to some other "execs" of junior mining companies that have never been to the drill site and hate the snow.
Yes, it looks like they do and that our exploration budget is coming together nicely.
I can hear those drill bits hitting the ground.
Dept. of Fatherland Security! I hate( they are one of the largest arms of the govment) them, but what they hey, the have money to spend!
Look at our volume today!
I agree. The time to hold in is now as news about new gov contracts should be coming. :)
What's the deal here?
I'm stalking you today!
Dipped my toe in at .59. Starter position.
I really do need to diversify my gambling portfolio to include more stocks like ALXA.
Thanks for the heads up.
Do shorts make money when there is no volume, no liquidity?
I have racked up a nice paper profit thus far. Deciding when to sell and cash in.
If the merger is a brilliant move, why no volume?
"From jail, promoter pleads guilty to securities fraud
Vancouver's Louis Dion could avoid extended sentence if he helps FBI catch other conspirators
By David Baines, Vancouver Sun March 14, 2012 1:10 AM
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Vancouver stock promoter Louis Dion, who has been languishing in a Brooklyn jail since he was arrested on Dec. 1, has pleaded guilty to one count of securities fraud. He will be sentenced Tuesday.
The sequence of events that trans-formed the 61-year-old promoter from Howe Street stock hustler to U.S. stock felon makes an interesting case study.
It started in the summer of 2009, when I reported that securities lawyer Faiyez Dean, who maintains offices in Seattle and Vancouver, had helped a dozen dubious business ventures - all connected to Russian and Ukrainian nationals - go public on the OTC Bulletin Board in the United States.
One of those companies was Plethora Resources Inc. Its stated purpose was to advise North American companies on Siberian oil and gas lease deals, but it was obviously not an earnest business. It had no revenues, its total assets were only $24,207 and its president, Artur Etezov, worked as a banker in Ukraine and had no technical experience in oil and gas exploration.
"There is method in this madness," I wrote on July 18, 2009. "The real purpose is to create a shell company whose shares are tightly held and, therefore, easily manipulated. This makes them perfect vehicles for future 'pump and dump' stock schemes."
Sure enough, after Plethora's shares were registered for trading, the company dropped its oil-and-gas consulting business and acquired Sync2 International Ltd., a Malta-registered company that owned Sync2 Agency Ltd., a Vancouver company that was in the business of website development.
Plethora changed its name to Sync2 Networks Corp., and the stock jumped to $2.70, giving the company a total stock market value of about $230 million.
"This is a totally artificial value," I wrote at the time. "No statements have been released for the acquired company, so how much it is really worth is pure conjecture."
Little did I know, but Dion was the person behind Sync2's spectacular price rise. The FBI knew, though. Within days, their agents would ensnare Dion in a sting operation.
As described in an information filed by U.S. Attorney Loretta Lynch on Feb. 29, Dion and several unnamed co-conspirators orchestrated a classic "pump-and-dump" scheme from August 2009 to December 2011.
First, they acquired control of Sync2 stock at little or no cost. To conceal their control, they deposited the shares into multiple accounts at different brokerage firms in the names of nominee entities, some located offshore.
Then they engaged in "carefully-timed mass promotion campaigns" to create market interest. These included email blasts, social networking sites and newsletters that predicted a dramatic increase in the stock price.
At the same time, they traded their shares back and forth between their accounts to create the appearance of active interest in the stock.
Then they offered secret commissions to stockbrokers who placed buy orders for their clients, and to market makers who brought liquidity to the market. That enabled Dion and his cronies to dump their shares into the market.
Finally, they wired the proceeds to various bank accounts, including some outside the United States, once again in nominee names, then remitted the net proceeds to the conspirators.
Lynch also alleged that Dion similarly manipulated the share price of another bulletin board company called Siga Resources Inc.
In that scheme, she alleged, Dion agreed to pay a person identified as John Doe, who supposedly had access to a network of corrupt brokers, half the value of any sales he arranged.
Citing specific acts to further the scheme, Lynch alleged that on Nov. 21, 2011, Dion wired $10,000 to a bank account opened by John Doe in Queens, N.Y., and on Nov. 28, wired another $36,000 into the account.
Finally, on Dec. 1, Dion travelled from Canada to New York to meet "John Doe" and discuss the Siga manipulation scheme. That proved to be Dion's undoing: he was immediately arrested and tossed into a cell at the Metropolitan Detention Centre in Brooklyn. He's been there ever since.
Lynch's information, which describes a single count of stock fraud, was clearly the product of a plea bar-gain. The same day it was filed with the court, Dion pleaded guilty to the charge.
This type of offence customarily attracts serious jail time in the United States. But if this case follows the usual pattern, Dion will be able to mitigate his sentence by helping the FBI finger other conspirators.
The only sad part of this story is that the jail term will have a finite term, which means Dion will eventually be released and return to Vancouver where, if history repeats itself, he will continue to work behind the scenes on dodgy stock deals that primarily benefit him and his buddies.
dbaines@vancouversun.com
© Copyright (c) The Vancouver Sun"
Read more: http://www.vancouversun.com/From+jail+promoter+pleads+guilty+securities+fraud/6298850/story.html#ixzz1p51EoTzK
Intertainment Files Civil Claim Against Defamatory Posters on Stockhouse
TORONTO, CANADA--(Marketwire - March 13, 2012) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that the Company has filed a claim in the Supreme Court of British Columbia, Canada against John Doe No. 1, aka MaydayMalone, John Doe No. 2, aka f3drivr, and John Doe No. 3, aka CESpumper ("Defendants") who have posted false, malicious and defamatory comments ("Posts") on the Stockhouse website.
Intertainment is claiming general and punitive damages and seeking an injunction consequent to the following matters:
Each of the Posts was known by the responsible Defendant to be false, or was made recklessly, without regard to whether it was true or false;
Each of the Posts was made by the responsible Defendant with malice, spite and ill will and was calculated to disparage Intertainment and Intertainment's chosen business, to damage Intertainment's reputation in the community, and to lower Intertainment in the minds of right thinking members of society, and did have these intended effects; and
Each of the Posts was published in the form known by the responsible Defendant to be visited by persons with a financial interest in Intertainment.
"The Company is adamant that it will defend itself and the rights of its stakeholders and will not let the defamatory actions of those that hide behind anonymity to undermine the value being built by the Company and its businesses," said David Lucatch, CEO of Intertainment Media Inc.
The Company routinely engages in communications that are forthright and open to discussion by all parties. It regularly provides market updates and non-confidential information to educate and inform the public at large about its activities and endeavors.
The Company will continue the process to identify the persons and organizations making and supporting improper postings and will pursue further legal options.
About Intertainment Media Inc. www.intertainmentmedia.com
Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement.
Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers. Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.
Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.
Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US on the OTCQX Exchange under the symbol "ITMTF". Intertainment is also traded in Europe, on the XETRA Exchange under the symbol "I4T".
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.
Marketwire Canada
March 13, 2012 - 8:18 PM EDT
"http://www.youtube.com/v/fuMvI0UX1Oo&rel=0&hl=en_US&
Still here and waiting for the next set of drilling to commence.