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this has turned out to be a real dog. Thru trading I am closer to break-even considering started buying at 11 cents. I would still be a buyer at .037 range and a seller over 5 cents, though I dont have a lot of shares left. It's a shame I love what they are doing.
To date, I've made almost $10K trading the stock and writing the options, on top of that, riding 26K free shares as a result, plus founders shares (wont state quantity here, "never sold a share" of those as Todd likes to say). Pretty darned good, it's been a fair amount of work but also taking advantage of the options market at the right times. Not bad considering my first buys around $10/share, a miracle really.
BUT that Gig is over, the 2.50 calls, heck even November are not fetching anything, we are just too far away from a buck a share for anyone to think that 2.50 calls are worth the gamble to buy. At this point I am leaning towards simply buying shares around this price point or lower and selling on any rallies, not much else you can do with options off the table. The stock price is just cheap in my opinion and in fact I should have been buying this last month, I sort of lost track of the share price. But maybe at one point we rally and if we do maybe we can get a nickel for August or Nov in more than just small quantities. You can also try selling at the market and see where you get filled, but problem is they can fill you for a penny and then you are stuck with the options till expiration locking you from selling options on later rallies since all of these are covered calls and I cant really go naked.
On the prospects of the drug size, I am still bullish mostly on ALZ001 which seems like it should be a no-brainer. but this stuff takes so so long.
10-K will be late
It's not clear to me have they done most of the work but dont have the money to pay for it, or are they far behind in the work itself as well? This is not good. I hope they are conserving every last penny. If they need to lay off people to stay solvent, then do whatever it takes.
The Registrant diligently worked towards the preparation and filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Annual Report”).
However, due to cash constraints, the 10-K will not be filed with the SEC on March 31, 2023.
The Registrant is working diligently to improve its cash position and remains open for business and continues to supply products and solutions to its customers.
https://www.otcmarkets.com/filing/html?id=16533119&guid=YaA-k65Tb1LtQth
Actually its pointless to answer this question when statements like Ward hasnt been to Mexico in 9 months are being made. We know he's been to Mexico in the last 9 months and many times in fact, so whats the point of talking about anything else if even basics like that cannot be agreed upon.
Seriously?
After all the due diligence on the isthmus project, it should be clear. Not sure I can help you anymore on that topic, review the due diligence.
well here we are, I continue to buy down here to lower my average now at .0061, could be worse, could be better, but hard to predict the future with these stocks. When the selling abates, and it will abate, it will be interesting to see where this goes, but for now lets extract the most pain from the seller by keeping our bids low.
To clarify, thats MIRAGE's pipeline mentioned, there is absolutely no question about it in my mind. Nobody else is getting that pipeline and I have posted stuff about that about a month+ ago if you want to look back. Finally they mention that pipeline as most of the focus has been on natural gas which as we all know is our forte and also being moved ahead on with projects.
10-K filed !
They've been on time every time after catching up. You dont do that unless you're serious about making something happen eventually.
I pushed the last week and now over half a million shares. Hard to really add any more at this point.
next week I believe
you'd be shocked absolutely shocked at what he knows about pipelines. in the case of the mirage projects #1 includes new pipelines while #s 2 an 3 are rehabs of existing lines. All of these are on the block. As they start and eventually get completed people will be amazed at what can get accomplished. Lets see how our next trip goes obviously not holding breadth but one step at a time.
well, sure, I guess I would call it at least "a" bottom since it dropped 50% from days previous along with the market cap. could it be a stopping point before a lower bottom, it could be, but it is very very oversold.
let me ask you this, lets just say for arguments and maybe truthfulness sake that they and you are right to varying degrees. Do you think that they are done putting out such wrong/crap/whatever you want to call it information. In other words, people make mistakes, minor ones, major ones, but the question is, do they learn from their mistakes, in other words, do you think they have learned 25%, 50%, 75% or 100% from their mistakes, meaning for example for 25% that there is a 75% chance they will keep making the mistake, or 100% meaning they will never make any mistakes again. We'll use the term "stupid mistakes" to mean mistakes, vs just minor mistakes that happen a lot more in general across companies.
In other words, have they learned anything over that period of time, yes or no, and how much. Please tell me they have learned something. Please.
Why would so many (assumedly) longs and insiders sell near a bottom is beyond my comprehension but I see it continue to happen in many stocks probably b/c people either need the money badly or are scared of a bear market which we are still at the beginning of, so be it. I look for what I believe are undervalued companies with solid technology, though they are not always the best run, you take the good with the bad.
I dont use total sharesholders deficit in my decision making, its not relevant to me.
this has been really tough as have a number of other pennies. Picked up 100K at .008 today as part of bottom fishing.
this puzzle is so big its mind-blowing, and we only see the tip of the iceberg. Wow
Picked up a million shares from .0036 to .0025. Not sure what the heck is going on but I know the company is worth more than what, a couple million bucks?
no idea I just saw it when you mentioned it. Geez I could have at least lightened up a little, thats what GTC orders are for. Things have been so dead for so long here
picked up 20K the other day at .071. I have to admit, this is getting very very tiring. There is no excuse in the world for this to be trading at this price. But on the other side of the ledger this deal has taken much longer than it should to complete, so annoying
oh really, tell me more about it.
I am considering a push over the next few days to get to half a million shares, it's within reach but I am cheap and not willing to chase.
terrible is not the word for this. It became so cheap I picked up shares just now at 2.02, so the company is worth 2.5 million, not sure what to say about that.
these people dont make any money, just enough to pay their bills. Not theyre just like us, hoping for a home run, or at least a single or double, respectable revenues and maybe a break even on expenses, lets start there and work our ways up. As for share price, my goodness we should be at a bottom by now, but I suppose it could always go lower as we have seen.
we have all learned lessons, lots of them.
I'll have to be the first to admit I dont like our price action in the last few months given the news we have had (albeit not earth shattering). I am out of cash but I would be a heavy buyer at this price and if my cash position changes I would be buying for sure.
I found the following link which you can bring up in Chrome to have it translated in Spanish: https://dof.gob.mx/#gsc.tab=0 You can search going back years to "test it out" though I havent done much of that. It is a listing of Mexico's daily events from the government. Maybe keep an eye on it to see if it tells us anything. In the meantime I try and keep up with tweeting from the energy entities like Pemex, Cenegas, etc. but havent stumbled into anything interesting in a while.
just to be clear, 4Ward is a private company consisting of himself. Not sure how shareholders could have been victims there.
sure appears that way to some doesnt it. Many of us are out hundreds of thousands of dollars. Lessons learned for sure.
"what do you mean" what do you mean? Its just what I said. The company has raised money for years to pay for expenses for project planning and execution, no different than any other company, nothings free.
that there's money coming from Canada. Whether any of that goes to getting current I have no idea but it could be. Also keep in mind if any deals are being done, the expenses of lawyers and the like will add up.
there is a smidgen of truth there actually, and obviously he doesnt need a million bucks to get current, thought I dont think any of us knows exactly what its going to take to get current, that is the big question, but as long as we can strike a deal then the details will work themselves out and the chips fall however they may.
nonsense you think that info is publicly available, oh my gosh do you realize the liability involved with that. No, its just one of those services that gives you info about the person whose phone it is, those services run about 30 bucks a month, theyre not bad, but to think you're going to get someones location, lol
Great find man, absolutely tremendous is there anything else that we need to say to get into peoples minds the viability of Mirage projects, I couldnt have said it better myself.
For those that dont know, Brasil is our project. I didnt know about the bi-diretional flow back to the US side.
Ward is a genius and people will figure that out hopefully it will be sooner than later.
The stock continues to be a steal at these prices just got filled at .30, when they finally do a deal this will be a distant distant memory. I'd love to hit half a million shares but without free cash I'll have to be content with close to 480K, wow.
ok let me get this straight, he spent decades working on these projects and is giving up and wants to salvage a few bucks for a reverse merger but has to clean up the books for a large expense when there are plenty of other clean shells out there? Really? Oh my gosh I dont know what to say. Suffice to say cleaning up the books is clearly NOT a strength here by any means, I'd say the chances of this are zero. But hey, eveythings one the table right?
first of all if he's on business you should not be ringing him, second of all, that means nothing, I am in this technology space and I can tell you its not definitive at all. He's in mexico.
Hoping that this will be a good week for us Mirage shareholders as Ward does his thing down in Mexico (he's already there). I'd love to be a fly on the wall in any meeting, heck even to see him at the hotel reception counter, or the bar, or the presidential palace, or some govt entity (i.e. Pemex, Cenegas) conference room, wherever, but here I am stuck at home, oh well one can at least imagine.
My best guess and its only a guess is that he is working on it, otherwise what the heck, we could have a viable business without allowing the stock to trade, just wouldnt be right, as if it wasnt already not right. As I stated in an earlier post, one possibility is going back to SEC filings with a form 10 if OTC is too much trouble, but man that takes money and we dont have that. But there are other possibilities also. All I would say is SOMETHING needs to be done, and as I have stated a zillion times, Ward owns over half the company, if there is no solvency, he gets nothing, and so how this plays out is less important if a deal can be reached, BUT there is also the scenario which I just mentioned mentioned also, that a Deal is reached but cant seem to get to the finish line, where people with shares of stock are able to sell something and recoup something, while the CEO is left with nothing. I dont think that will happen, but remember, its Mexico, and anything is possible. But I am definitely on the positive side of things, especially compared to where we are right now.
I always say it like it is in my opinion, and it's just my opinion. Time will bear this out, granted we know the need is there, and we know that Mirage can meet that need. What else is there to say, its out of our hands.