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Thank you. Your local input is very valuable for us remote viewers. :)
When was the last time you saw the terminal there? It was out in July-August... Thanks.
And one more thing... Nobody claims that Mrs Korogod was one of the organizers of the scam called "Aurus", but you need to realize that this is not a game. Many people lost dozens of thousands dollars because they trusted this "company" and its management. Mrs Korogod was important part of this management, and IF this case ever goes to court she will face some charges too, I think. As I hear, Canadian press is digging right now, and it's likely that Mrs Korogod will see her name on the first pages soon.
Following your link: the company "Markray", where according to your resume you are working right now, was liquidated on 7/31/2011 and doesn't exist anymore. Another "Markray" in Roshal still sells construction supplies. And why did you drop such an important and prestigious position in Aurus from your resume? Yes, someone is really lying here... BTW, I personally talked with Andrey Lvov twice over the phone. He was "the President of Aurus" in the same degree as you were the "Financial Director"... and what's interesting - he didn't even try to hide this: "they asked me... have they started already?" And you know who are "they"? Chegenev, Dovgan, Marushko, etc. Lvov was actually a nice person and I mentioned this in my posts here... Again, Mrs. Korogod has never worked for any gold mining company. I do believe that she didn't know the mafia bosses. Just like Lvov she was used by Canadian-Russian crew to cover fictitious position in Aurus that was officially recognized as scam by SEC. She was looking for bartender job in Toronto at that time and was happy to get any real job. If you need to know more details - please let me know. :)
If it was a "regular" pinky (which it is not) the first thing I would start looking at is Dickinson Capital holdings. Mark Goldstein bought those 33 mil shares at $.00176 each. So, even with today's depressed price it's more than 10 bagger for him - $560K+ of pure gain. It seems they report Dickinson Capital position only once a year in 10-K... OTOH, this is not a foreign or offshore company, and Mark Goldstein is a US lawyer. He knows requirements for reporting of insiders trades, so I can't imagine he would risk his carrier by doing this... Besides, even if the company wants to sell any significant amount of shares it needs to generate some trading volume first. And this seems to be a real problem here.
I know nothing about him as well, but googling "Netgains Sumeet Malik" doesn't leave too much room for optimism...
It's another Markray (created by Marushko) and Mrs. Korogod has never worked for them. This trick with 2 different companies having the same name was discussed here many times.
You can also search the following boards:
http://investorshub.advfn.com/Aurus-Corp-%28fka-AURC%29-4903/
http://investorshub.advfn.com/Markray-Corp-RVBR-5106/
http://investorshub.advfn.com/North-West-Oil-Group-Inc-NWOL-4052/
http://investorshub.advfn.com/eiks-stock-talk-7536/
That’s where you can find a lot of factual information with images of documents, etc. And that’s where you can find many victims of this fraud.
This guy has many questions for you:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91693899
Please reply to his post.
It was July, 16. Meris was in Paris at this time. And the report is dated July, 10.
OK, thanks. Just like I suspected: "... subject-matter of claims 1-37 is not new and/or doesn't involve an inventive step" - with reference to 2 patents cited by examiner.
Well, now I read Meris' response to my email (July):
"1. MGIV in Boca Raton was our first machine and I am extremely proud of the terminal however one cannot make all the updates to any machine in the middle of a mall. If we had designed an airplane it would have to be moved to the hangar for updates. July and August are quiet months in Florida and we decided to make our updates now instead of when season begins again. You may have been here before me and I take very good care of this terminal so you need never worry.
2. The second terminal is ready to roll and there were company decisions made to place it with a splash since many of you complained we snuck the first terminal in without much fuss. MGIV #2 will be in its spot shortly and we will not do it quietly."
Sounds kind of misleading now... The August is over, is the terminal back to the mall yet?
They usually mention exact article in this kind of statement like: "the present application does not meet the criteria of Article 33(1) PCT, because..." Do you know the Article # and content of "because" clause?
I actually agree with those posters who are “surprised” how Turk managed to get approval for those patents that ”cover it all.” Usually general claims like this are rejected. Reminds me the “double click” deal when small company that first used mouse doubleclick trick tried to get paid by every application developer who uses this “unique technique”. They lost the case as I remember.
And Mark Goldstein is a lawyer himself. He probably knows how to handle this. OTOH, this could be a reason why they removed that first terminal from the mall. Who knows... we are in the dark.
Yes, it's him:
"Filed back in 1993, the first GoldMoney patent was finally granted in 1997. Since that time they have received 3 additional patents for their digital currency technology and a fifth patent is now pending. Their patent technology focuses on GoldMoney's, "...system and method that enables gold or other commodities (tangible assets) to circulate through an electronic medium as currency." "
http://voices.yahoo.com/interview-goldmoney-founder-james-turk-815755.html?cat=3
http://www.mail-archive.com/e-gold-list@talk.e-gold.com/msg02841.html
http://patent.ipexl.com/inventor/James_J_Turk_1.html
Actually, there is a discussion regarding James Turks patents that some think require anybody who makes digital PM transactions to pay Goldmoney: "James Turk has a Global monopoly
for transacting gold and silver" http://www.dailypaul.com/166862/james-turks-presentation-on-the-gold-price-and-the-us-dollar
I didn't really look into PMX patents before but now I think they will need a very good patent lawyer to fight for their claims. Everything seems to be covered by previous patents... IMO.
This is very interesting... I am familiar with Patent Law in some European countries (and own a couple of patents) but kind of lost in International laws/practice. Here is the better readable description of the patent:
https://www.google.com/patents/WO2012094597A1?cl=en#legal-events
So, Hawk, which of the following statements are you trying to make?
1. 30 months deadline from priority date (Jan 6, 2011) has already expired.
2. Legal code 121 means that they should drop one or more of the patent claims (device or method):
"If two or more independent and distinct inventions are claimed in one application, the Director may require the application to be restricted to one of the inventions."
3. Patents cited by examiner (WO2008118182A2 and US20030191708) cover the subject of the application and PMX is required to pay their authors for using PMX terminals.
I am just guessing at this point. Can you clarify a little?
Yes, it's from Max Keiser:
http://www.maxkeiser.com/2011/03/note-each-cruise-missile-contains-approx-15kg-of-silver-in-wiring-contacts-solder-and-batteries/
15 kg silver in each cruise missile... 1650kg of Silver fired at Libya to enable No-Fly Zone
Not anymore: "This Account Has Been Suspended. Please contact the billing/support department as soon as possible."
BTW, if anybody still needs a proof that Aurus=Markray and both are running by the same crew... The former "Financial Director" of Aurus Aleksandra Korogod (who was looking for bartender job in Toronto, as you remember) is currently looking for similar financial job in Russia. What is interesting - she completely dropped any mentioning of Aurus scam from her resume, and claims that she has been working as Financial Director for Markray since June 2007:
http://www.superjob.ru/resume/cv-30985.html?keys[0]=%D0%9C%D0%90%D0%A0%D0%9A%D0%A0%D0%90%D0%99&skwc[0]=and&srws[0]=10
Of course, Markray was registered in October 2009 but who cares...
Very insightful and intellectual posts. Thanks.
I did notice that last time they paid by cash and it seems no shares were awarded. This is definitely a step in right direction. But… in real world when “contractor” gets contact like this it’s staff, all relatives and friends preload the shares of the company before the pump starts (at 0.01-0.02s in our case) and dump them on the first sign of price increase. Actually, it’s clearly explained in thegreenbaron’s disclaimer. My point was that this is not the right way to promote the company. What PMXO needs (IMO) is to sign verifiable deals with real partners, not abstract “South Africa” or “India”. For example, tell us that your e-store or ATM distribution model is supported or (even better) sponsored by APMEX or Australian Bullion Company or… Then market would realize that it’s a real deal and you won’t need cheap penny pumps. Right now I can name you dozen of pinkies (most of which are obvious scams) that claim international contracts and global expansion. Again, all my penny world experience tells me that PMXO is not going to survive alone. They need to become a part of well recognized brand with better financial and business potential. All is IMO, of course.
"stay away from Kruggies..."
Why?
I think the time for 10-baggers in penny world gone forever. It’s hard to recruit followers (future bag holders) for more than few days. Maybe I am looking at wrong places, but most of iHub pumps are 2-3 day events now: preload-pump-dump. That’s why I think that money and shares PMXO spend on penny promoters is a waste – barely visible effect on share price and additional problems for long term shareholders. Those promotional shares are basically free for PMX contractors. Market has to digest them before stock can react on any real “fundamental” news. IMO.
And WSPS probably still holding leftovers from 2.5 mln PMXO shares (plus $50,000 cash) for "all expenses associated with publishing and disseminating the INVESTMENT SPOTLIGHT newsletter featuring PMXO and related marketing awareness activities": "TO CLARIFY, WE ARE NOT PRESENTLY "PROMOTING" PMXO, AND ARE RELEASING THIS INFO AS A SERVICE TO OUR SUBSCRIBERS." http://stockpromoters.com/gmessage.aspx?message_id=49113
"We have been compensated $5,000 for its coverage of PMX Communities, Inc. (OTCBB: PMXO) as a "Trading Alert" beginning in August, 2013.- for the distribution of this and other material. Since we are receiving compensation and may hold stock in the company there may be an inherent conflict of interest in our statements and opinions and such statements and opinions cannot be considered independent. We may benefit from any increase in share price of the company. We may sell our shares at any time, without notice, be that before, during or immediately after the release of this material. Furthermore, our associates and/or employees and/or principals may have stock positions in profiled companies purchased in the open market or in private transactions. These positions may be liquidated, without prior notification, even after we have made positive comments regarding these companies."
http://www.thegreenbaron.com/Disclaimer.htm
Wise move JT. Holding core position and trading cheap "average down" shares is the way to stay alive in pennies (even sound ones like PMXO). You know the rally is over when enthusiastic new posters from iHub pump team stop playing and switch to another "sure thing". IMO.
Please don't take it personally, but your conversation "looks like a pump, walks like a pump and quacks like a pump"...
http://investorshub.advfn.com/boards/profile.aspx?user=401589
http://investorshub.advfn.com/boards/profile.aspx?user=122684
IMO, it really brings this good board down. Can you take it to the appropriate room? Thank you for understanding.
Yes, I hope it's different this time. But it was my hope last year and year before. :) I'd expect to see gold at 1500-1600 by the end of the year. OTOH, some commentators predict stock market crash in September-October. This would take down PM sector too (IMO). So, I am cautiously optimistic but taking some profits here - just in case...
U.S. Silver & Gold Inc. Announces Planned Private Placement for up to $5,000,000
TORONTO, Aug. 14, 2013 /CNW/ - U.S. Silver & Gold Inc. (TSX: USA) (OTCQX: USGIF) ("U.S. Silver & Gold" or the "Company") is pleased to announce a non-brokered private placement of up to 8,333,333 units ("Units") at a price of CDN $0.60 per Unit, for aggregate gross proceeds of up to approximately CDN $5,000,000 (the "Offering").
Each Unit will consist of one common share and one half of one common share purchase warrant (each whole purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share at an exercise price of CDN $0.75 for a period of three years from the closing of the Offering.
US Silver & Gold intends to use the proceeds from the Offering to continue development of the low capital intensity, high potential Caladay Zone and for general administrative and corporate costs.
A finder's fee may be payable in connection with this non-brokered private placement.
The Offering is expected to close on or about August 22, 2013 or such other date as the Company may determine. The Offering and the finders' fee are subject to certain conditions, including completion of formal documentation and receipt of regulatory approval, including the approval of the TSX.
http://ih.advfn.com/p.php?pid=nmona&article=58822722
"You also have some idea that everything management does they have to press to you? Huh?"
So, you have some idea that management can just ignore the owners of the company? Huh.
Trading volume is still very low - about $7K worth shares traded today. It's a pocket change for any real trader or MMs. We need several millions shares daily to move this thing higher. IMO.
Time Price Volume Market
15:57:32 0.0259 1000 OBB
15:46:01 0.021 18000 OBB
15:45:48 0.0213 32000 OBB
15:42:00 0.026 10000 OBB
11:50:59 0.026 10000 OBB
11:50:09 0.026 10000 OBB
11:42:50 0.026 10000 OBB
11:42:22 0.026 10000 OBB
10:33:44 0.026 50000 OBB
09:39:33 0.033 20000 OBB
09:39:23 0.0263 30000 OBB
09:36:21 0.0261 50000 OBB
09:30:31 0.025 20000 OBB
From new e-store site:
Refund Policy:
"If you are not satisfied with your PMX Gold product you may return it in the original box with the vinyl packaging unopened within 14 days after purchase.
We will refund your purchase price to your credit card or bank."
I don't know... this doesn't sound right to me... not for PMs with their price volatility. IMO.
Looks very nice. Definitely exceeds my expectations. Items are priced OK for collectible or numismatic stuff but a little bit expensive for generic bars/coins. We will see what buyers think about this.
BTW, they do have a chart that partially reflects the model I was talking about:
http://www.pmxgold.com/wp-content/uploads/2012/07/slide12.png
Actually, theoretically their plans go much further than APMEX type online PM trading. That’s pretty obvious for anybody who pays attention, and that’s what makes them kind of attractive. The ideal “dream” model is PMX Banking network which looks like this:
1. Partnership with major financial institution (like Wells Fargo) where PMX customers can open mixed cash-equity (gold) accounts. Every account holder will get co-branded PMX-Wells Fargo debit card which can be used both for cash withdrawal (anywhere) and “equity” withdrawal (from PMX gold terminals).
2. Partnership with leading US Mint and local mints in other countries (like South Africa) to produce customized PMX gold/silver products that can be stored on PMX allocated accounts and withdrawn from gold terminals at any time.
3. Partnership with major vault/storage companies where those allocated PM items could be safely stored for PMX customers.
4. Partnership with PM mining companies to secure future supply of “affordable” metal.
We’ve already seen different pieces of this plan in PMXO PRs and sec documents. But it wouldn’t hurt if they put this integrated “dream strategy” together with charts and partners names somewhere on their website. This would help potential investors to separate them from other PM dealers (and there are dozens of them).
Of course, it’s just a theory. Yes, PMXO looks like one of those rare OTC companies that actually do something real. Unfortunately, most of them die because of lack of financing or heavy competition from bigger players who usually late to the game but eat pioneers alive. Only a few penny companies managed to survive on their own (like GORO, for example). The best scenario for the rest of them is to be acquired by big player who can provide all necessary financing and make the “dreams come true”. We will see how this plays for PMXO.
Do you have room for 1 oz, 3 oz or 5 oz PMXO Lion bars? That's what they are going to sell soon. It's actually a good idea to have your stock ticker engraved in gold - the way to eternity... Hopefully in future they will start paying dividend in PMXO gold bars like some successful companies do. They should also consider a special discount program for PMXO shareholders.
PMX just twitted: "Get your credit cards and money orders ready to rock gold!"
Thanks Jt. Yes, you are frequent on GOLDBUGS board which I also follow. No problem at all. IMO: at this point PMXO does need attention of iHub traders: pumpers, flippers, daytraders... doesn't matter. Unfortunately millions of shares that PMX spent on promoters were basically wasted. Now we see them daily at the ask side. More exposure (meaning higher volumes) should help to digest this self-created resistance and move the share price up. IMO.
I was about to post this a week or so ago, but was stopped by "we have to watch out for these two they come from Pumper boards" comment. It didn't take much brain power to figure out that I was one of "those two." First, I'm curious to hear names of "pumper boards" where I came from... nonsense. Second, talks like this are typical for pinky scams boards, where people try to find mysterious pumpers and "naked shorts" as an excuse for stock performance. I don't think we are there... yet. Actually, it's the best way to scare new investors away.
Anyway... several days ago I received a response from Meris. She answered some questions that were raised in my email. Of course, she couldn't comment on some of them (like E-store, for example) but, in general, it was kind of encouraging:
1. About removal of the first terminal: "MGIV in Boca Raton was our first machine and I am extremely proud of the terminal however one cannot make all the updates to any machine in the middle of a mall... July and August are quiet months in Florida and we decided to make our updates now instead of when season begins again... I take very good care of this terminal so you need never worry."
2. "The second terminal is ready to roll and there were company decisions made to place it with a splash since many of you complained we snuck the first terminal in without much fuss. MGIV #2 will be in its spot shortly and we will not do it quietly."
3. "All is good on Asia and Peru and we will discuss them both in the next update."
etc.
"We are building a solid company and all is fine. I hope I have helped you with some of your queries."
FWIW.