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I agree 100% with what you are saying dont get me wrong. It doesnt surprise me really though it was pretty straight forward progress has been pretty limited this summer.
This new partnership today I think shows they have shifted plans somewhat and decided to use these guys to help raise money.
Like I was trying to get at over the weekend, this is NOT an easy time to be raising funds.
Anyhow hopefully with the updated report, even if only updated by 2 holes maybe we can get rid of the CTO and get rid of that black eye.
Remember the public outcry prior to this PR being released? Im of the opinion that PR with the 5 steps was just to quiet the uprising about not hearing anything in a long time. It really didnt tell us much we didnt know. Reinforced some things but not much new there.
It now makes more sense to me why they have been "quiet" so to speak this summer. The paperwork part of the business is not near as flashy to PR as drilling results and the like.
This new team they partenered with really seems to be credible and sounds like we should have an updated report in next 15 days or so.
Off to a good start this week!
downsideup - thanks again for your responses.
Little confused by numerous comments such as
"I don't readily accept you as a proper expert whose judgment matters to me a whit"
"about your apparently purposefully adopted uncertainties about things you couldn't possibly know about"
...in response to my questions but whatever I guess thats just the way you are.
This is an internet blogging site and while this board is extremely quiet on a normal weekend I don't see why its not time for me as a shareholder to discuss on goings of the company?
Ive been reading this board for about 2 years now and decided to join in hopes of gaining more knowledge and experience with this company and others. Never did I expect such criticism from a few questions/concerns but I guess we all have agendas. It is what it is...
Thanks for the reply, good info no doubt and your SRSR knowledge/experience is not arguable and I am not attempting to argue with you so please dont take my questions offensively.
You stated.... "I don't have ANY question about there being enough potential having been shown there already to ensure there is sufficient interest in the potential to obtain the future rounds of funding necessary for developing it."
Now in my opinion we appear to be currently lacking funds and the ability to raise funds. For example we only have 1 drill working, I doubt that a decision has been made to sit on cash that could be used for a second drill. Other, somewhat minor things such as uplisting and having a truly presentable/professional website (this is the FACE of the company that a large amount of investors use to gather info) are also being put off. I understand each of these come with a cost and I would much rather wait for some of this until SRSR can afford it without issuing more shares.
My question to you is since you feel so confident is why do you feel it hasn't happened yet? Its now been more than 12 months since some of the reserves have become complaint, do you think they are waiting until more reserves are complaint? If this was the case take out a loan and get more drill(s) and speed process up. Or do you feel that given the current state of the world wide economy that the funding is just not there right now. I am starting to be of the opinion that until things really turn around worldwide and in North America that funding may be out of the question. Depending on your picture of the economy it may be years until money comes back into small business market.
Hopefully I'm wrong but curious why you think we dont have any sort of funding today?
Every day is one day closer right...
Is anyone looking at this with a 10 year time frame? I know its not something of the norm anymore :)
but seriously... at $4.00ish today once the govt liquidates and the economy has had few years to grow there is no way in my opinion C would be valued at less that $20 a share. Thats a 5 bagger if you can have a 10 year time frame.
Im not a believer in the doom and Citi has most branches world wide I believe.
agree/disagree?
he might be!
But I'm curious if he is or not and like I said if he was and I knew that would make me and I imagine others want to buy more. I would consider him someone of the "know" and someone I wouldnt mind taking mining investing guidance from...
I speculate because I would like to know?
wow dude my fault....
I really am interested to find out more on Scott and his fathers relationship. I dont have the blind faith yet like some of you and just trying to do some DD.
For me and my money a billionaire fathers money invested or not would tell me a lot about his confidence in his sons project.
and what if I drew up even a little bite more interest, would that really hurt us.
I along with multiple others I imagine emailed NBRI yesterday with the same questions and they felt it'd be better to release small statement. Kind of weird time to do it, late Friday afternoon. Thats when the bad news gets dumped!!
Come on big money get you some nbri!!!!
What do you all use to see the current numbers of shares short?
how accurate do you all think this is.... http://shortsqueeze.com/?symbol=srsr&submit=Short+Quote%99
Interesting... its not new news and the website doesnt look too updated but found this interesting.
"Rex Investment Limited has signed a sole distributor agreement with SUNTECH - world’s second largest manufacturer of solar modules - to represent it in Tanzania."
It will be interesting to watch as Africa and other countries start to build up. We kind of think part of growing will come a phase of oil/gas consumption but in reality in these places where none of the oil infrastructure is in place they could start on the solar (green path) right from the get go. and Africa is so big.... man so much potential in Africa over next 100 years.
I hope STP has some of the same thoughts!
Hi Olandug - what are you looking at that shows you that 65% of the shares sold today were shorted?
I normally go to shortsqueeze.com to get my data http://shortsqueeze.com/?symbol=otow&submit=Short+Quote%99.
It shows quite a bit different numbers than your data. Which do you think is correct?
Good read. It was nice to read such an optimistic article of STP :) maybe a little to optimistic but we'll see.
I haven't done an abundance of research but do you know if STP has any presence in Africa? Or do you have any idea of a solar company with major presence in Africa?
Thanks for the article!
I agree. There's absolutely no way this stock price is where it is because thats the actual value of the company. There is absolutely no way this is fairly valued we have domain names for crying out loud!!!
What is it that this company has or does that makes you all think its going up? I bought in as a trader on this one hopeing to make quick buck and im astonished by all the people who keep saying they believe in this company.
What is it that you all think is going to happen with this, I see no real plans or anything communicated that is substantial.
You said the stock was moving to triple 000 with the 0's on the other side. meaning like 1,000, you posted it do you really believe it?
Im invested in this as well but that doesnt mean I cant be critical of the company. As soon as I get back to even im gone I just dont want to take a loss yet.
really?
You honestly believe that a company releasing a PR when they bought domain names and didnt even list them is going to those levels. I can go to godaddy.com and buy domain names and the CEO of this company considers that PR worthy.
ya very good close. A paint job but none the less up 25%. Maybe people are starting to realize the uplist is within reach. Hopefully with this close today it will be on peoples radars come monday am.
ya no doubt this thing is done...
UNLESS the millions upon millions upon millions of shorters are forced to cover!!!
....that was in sarcasm there are not millions of shorters
can you provide the link please?
see below from Perry. not in place yet.....
Hi xxxx;
No, that is not the REAL uplist we've been working towards.
The OTCQB is not the same as the OTCBB. The OTCBB is run by FINRA. The OTCQB is run by Pink OTC. As such, all that has happened is that the Pink Sheets have recognized the high degree of transparency we have achieved by way of our SEC filings, and have upgraded our tier level within their system.
As soon as the SEC officially makes our registration effective and we formally uplist to FINRA's OTCBB, we will then issue a press release to announce it.
Thank you for your continued patience!
* P *
I emailed Perry about an hr ago. No reply yet, he is usually pretty good with respoding quickly. Soon as I hear from him I will pass it on.
ya I hope so. Lot of potential good things COULD happen. Ive just been hanginng on for these "pretty exciting here in the next few weeks" for quite a few weeks/months now.
But i am preaching to the choir as we all have been waiting. I am so tempted to buy more at these lows but I am at a point personally that I am not investing any more money into SRSR until I see a change in how they relate to their shareholders.
I am attempting to get involved in with some of the TCK shareholders to see if any are aware of SRSR and hopefully gather some more interest. Unfortunately no one I have talked to thats invested in TCK even knew about Sarissa. ...All the more people that know the better I guess.
yes all 5,500 shares shorted will one day be covered. too bad its not a significant amount to really move this stock price.
you are right I guess I dont know. I am assuming these people have lots of money and would want to buy a lot of shares at a cheap price. I dont see this happening so I assume they arent involved.
I could be wrong but looking at this I wouldnt say they are very many true big/smart money investors involved in this.
i dont doubt the assets are in the ground. My concern comes with there being an afforable way to get them out of the ground. I know we all like the 100 Billion dollar number but if there were truly 100 billion in the ground I imagine that more than us few little guys on an internet blog site would be invested in it. If we could really prove there was 100 billion in the ground we would not have any trouble getting 100 million raised in order to get things moving.
Like I go Long said before getting pounced on Scott has some very rich aquantances if half of what we think of him is true, Why arent any of those boys in here yet? If he had a sure thing, id imagine all the big people connected to the Keevils would be involved.
anyways... least its Friday!!!
The optimism in me is thinking well its taking a long time to just update a report... so they are updating it with a TON of information.
The pessimist in me is thinking the delay along with the CTO means they really dont have anything substantial to add as of yet.
Olandug - so you see the stock is undervalued. Can you state specifics why you feel this way? What is a true estimate of the appropriate value in your mind? Why isnt the stock fairly valued right now?
Im trying to decide to get out or stay in. I dont believe the short nonsense so looking for true factual DD not buzzwords. Please help
I hear you all believe me....
is there anything that makes you think its really soon or just "soon" like we have been hearing for last few months>
sweet!!!!!
Why hasnt Perry annonced it? This is huge news to just let go unannounced.
I dont get it
Olandug - please provide us with the # of shares YOU believe are shorted. Do not attempt to dodge the question with posting links.
Are you telling the board millions of shares are short? Yes or No?
no, I do not believe there is. Look at the links I provided and you can look up any stock and see the number of shares short. Look up siri and then look up otow. You will see millions short on siri and about 5,500 short on OTOW
http://shortsqueeze.com/?symbol=otow&submit=Short+Quote%99
hard to argue against fact. This idea that every stock is manipulated and that the MM's are out to get some stocks is absurd, you find the same rhetoric on every iHub board.
see you wont answer the question.
I understand what that article states but I really question its authenticity. There are 5,000 shares short, plain and simple thats not something that can be argued. I can prove to you thats how many are short.... http://shortsqueeze.com/?symbol=otow&submit=Short+Quote%99
The squeeze trigger is at a point that is just out of reach. It ran oh so close last week but didnt quite get there. Little ironic dont you think?
Dont believe everything you read on the interwebs my friend, shockingly its not all true.
olandug - how many shares do you believe are shorted?
I am asking a direct question please dont provide links of what someone said. How many shares today do you believe to be shorted?
I wasn't attempting to throw you under the bus I'm just getting at the fact that he accused me of naked short selling??? It always seems the person asking questions around here gets beat up while the people talking about SRSR paying a dividend are allowed to continue unabated.
The fact that Merle told you that is so strange (not doubting you, curious of him). He has repeatably told me he said no such thing and the report hasnt been released 'soon'after he said that. Like why did he go out of his way to get you to post that? I guess just file it away with the other weird IR things with this stock.
my question to Merle...
I understand what happened, and if the info you wrote in your reply was also PR'd I imagine people would understand things a little better. Its not the end of the world but when nothing else is issued all people see is the "Cease Trade Order" and they stop reading, hence the large drop in price today.
What about the NI report thats coming "soon", is this a new report or is it just fixes to the old one in order to lift the Cease Trade restriction?
Thanks
His response...
They were already working on updating the report.
I have said I expect more disclosure. I said nothing about the subject.
Merle
olandug - you are posting messages that make it sound like tons and tons of shares are and have been shorted. Do you know that in reality there is around only 5,000 shares of OTOW shorted?
http://www.shortsqueeze.com/?symbol=otow&submit=Short+Quote%99
I dont think its fair or correct to make posts aluding to millions of shares being shorted when in left its closer to 5,000. The price of this stock is what it is because thats what the market values it at plain and simple. There is no super secret manipulation going on here...
sigh... really? Thats what you think? That I am posting to hopefully get weak people to sell. This crazy argument that iHub posting really is what controls the price of a stock is absurd. You also think the market makers are out to get us and that shorters are ruining the price of the stock???
Im not one that thinks the CTO or lack of communication in 2010 is a good thing. Im not saying this in an attempt to pull off some magic slight of hand stock price manipulation, I am saying it cause well its a valid concern. iHub is such a small collection of traders its absurd to think that a few posts can really alter the direction a company is going.
Then again a few months ago someone told us all that Merle told them report was coming soon and millions of shares were bought next 2 -3 days. Well the report never came out yet did it? and yet this person isnt called out for attempting to manipulate the stock price?
Your criticism seems a little one sided.
Hi all - I own a small portion of TCK and continue to monitor it closely. Someone pointed me to Keevil's son's junior mining company SRSR. Are any of you invested or have any info regarding TCK or Keevil sr. involvement with the junior miner?
I think TCK is in a decent spot to buy. thoughts?
Hi all - well it seems to be the consensus here that gold is going to keep going up. While I agree I still struggle with what the best way to invest in gold is. I own some GLD and am thinking about buying more but I am attracted to the idea of owning physical gold. If shit hits the fan and we really have economic fallout a share of GLD doesnt seem near as comforting as some gold bricks in my safe.
Are any of you here invested in any miners? I am invested some in a few junior miners but always interested in ideas.
Thoughts?
Hi all,
so not much posting around here but hoping to catch a few peoples attention.
What are your thoughts on STP? I imagine we are all down on this one right now, my average buy in is around $13. Im trying to determine if this is a time to average down again or if this is one to stay away from at least for a while.
Im real big on the potential of solar and I liked STP but not looking to hot right now.
Thoughts?
Hi Kiwi - Im not sure if I understand that completely. Does that mean the uplist is done? Do you know how long its been shown like that?
Thanks bro!
Long time reader first time poster....
I def appreciate all the insight I've picked up over the last 1.5 years. I have had limited communications with Merle but have gained most of my mining knowledge thru all the awesome DD posted on this board.
Im not one for posting on the internet normally but am getting frustrated because I dont know whats going on. I realize more mining needs to be done on the property but why do you think we dont have additional drills turning? I realize a cost is associated with a drill but isnt it about necessary to do this, 1 drill at a time seems painfully slow. Is anyone aware of a ballpark price what a drill and a team to run the drill would cost for 6 months? I have no idea and maybe its more than I think but this cant be a staggering number.... Did anyone ever find out what the deal was with the big drill they were going to bring on property while back? (the poster formally known as Texas Ripper posted the question a while back and I missed the answer)
I read these posts a lot at work throughout the day and I wonder what is Scott, and the others (advisory board) do on a day to day basis. Is everyday filled with phone calls about JV's meetings with other people? I dont imagine they sit around all day but im curious what the business people behind a mine actually do at this stage day in and day out.
The gold property is something I am curious about... Scott for some reason saw significant value in that property but really hasnt expressed what his intentions are with it. How much has gold risen since he bought the property? Thinking outside the box a little but man if he could sell that property and maybe gain on the investment and then put that money to use with another drill or 2 on the monster property?
Also I am curios to Sarissa other projects. When I first invested there were 4 or 5 projects listed on the web site, now I dont see those. Does anyone know if these were sold or if these are still owned by the company?
Thanks and hopefully we are getting closer!