Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
These are heavy hitters. I'm going to spen time this weekend to research Bloomberg to see if there are interviews in their databas that I can look at over the past few years to see if I can familiarize myself with the way these guys have talked and how they indicate they think when on Bloomberg TV. I bet I find that some of them have been on Bloomberg in the past.
Imperial Whazoo
Me too, ourigan -
If there is another flash-crash....
Early in April, I was flat footed, trading a couple of other things. I was not able to leap at the pregnant opportunity the flash-crash offered.
However, I am on alert now and will not miss effectively free shares the next time there is a flash-crash, LOL
As to this matter of whether or not there will be drilling coming out in the summer of 2012.... I will not make the mistake of waiting for the drill results to come out before I pony up to an even greater extent than I already am.
We already know that the mountain is all but gold and silver.
Grades at 4.2 per ton? Compare that to other companies worldwide that have trumpetted their fabulous success stories and all I can comment, in light of the doubt that apparently exists over whether the mountain is laden with gold like few sites in the world are....
.....all I can say is, in total wonderment.... Really?
And so, ori, don't expect me to sit on my haunches waiting to see the core samples graded. If I were to make the mistake of waiting to have it proven to me that the core samples are famously rich in precious metal content, I would mistakenly miss buying the fattest part of the ensuing move to the top-side.
All I will need to run like I'm on fire to load the boat even heavier that it currently is loaded is for SFMI to announce that they have funding IN HAND to proceed to drill.
All they gotta do is PR that the money is there and I'm in a sprint to beat everyone to get shares at the ask... RIGHT THEN.
End of story.
Ori, you are not going to see me sitting here waiting for core samples to get analyzed. No way, LOL.
Just PR that the money is there and I'm full in, up to my eyebrows. Bigtime, ori.
Bigtime.
And also, as I said at the top here.... the other circumstance where I jump in heavy is if there is another "orchestrated" flash-crash.
If there is another bear raid, manifesting itself out of the blue as happened in early April, everyone can sit back and watch the Level 2. I'll be at the ask, buying like crazy.
Hope this helps.
:o)
Imperial Whazoo
So THATS what's going on.
I wonder if its possible that there just might be people who think, like I do, that there is value in a company that is generating the reported level of AU?
What was it..... 4.8 per ton? 4.2? It just kinda slipped my mind because the excellence of it was.... well.... mind-boggling, IMHO!
The idea that such levels are irrelevent struck me, at the time they came out recently, as odd. Seems to me that I recall that sometime in the past, somebody posted a comparison of levels of AU output from other JPMs and that, at the levels repoprted as stellar at other sites, the levels at War Eagle Mtn / Diamond Creek Mill were noteworthy enough to have attracted interest.
You know... like maybe people interested enough to plan and participate in a walk-about up there.
I wonder.... is it just possible that people with real money to spend just might be amongst those in attendance out there over these two days?
:o)
Say.... DC, or oryx,
....do you remember anyone posting about comparative outputs of SFMI and other JPMs?
Maybe a link, if you recall it.
TIA
Imperial Whazoo
Hey, check this out....
http://www.politico.com/news/stories/0512/76574.html
Candidate promises to smoke joint on Capitol Hill steps if elected.
Now then.... is anyone NOT convinced MJNA is the primo play to be in during this summer's election "silly" season?
Imperial Whazoo
I like that. You got a link please? TIA
Imperial Whazoo
xxxxcslewis -
Regarding the portion of the paragraph you cite that contains the reference to six processors
Until the time when there are six processors running at the Iroquois Facility, at least one-third of all processors will be located at the Iroquois Facility.
You said:
since Rauber knows a couple of people in the industry
I diagree. There is absolutely nothing unethical about informing clients that this revolutionary technology exists and that it has been scrutinized and validated, if there is no agreement prohibiting doing so.
Later, if any of SAIC's clients bite, formalization of "who says & does what" and so forth will be needed, but for goodness sake, face the obvious fact that there is an existing PR that tells the world. Its not like its a secret. Its not going to be trumpeted, but it sure looks like both JBII & SAIC want there to be an announcement they can point to at this time.
Now, maybe SAIC has a muzzle on, that was placed there by agreement as part of the contract to test for validation.
If there is, then there will be no info spread by SAIC to seed the fertile fields of need.
But if there is no formal prohibition, and I doubt there is at this point, then it serves SAIC's own interests to do the legwork to drum up interest, IMHO.
And if there is no in place muzzle on them, I disagree completely with the idea that this is unethical.
Imperial Whazoo
SAIC has an instant, inbuilt, natural self-serving interest in benefitting from the work they (rather than some other outfit) did to validate the JBII solution to the plactic waste problem.
I never even came close to suggesting that further payments would be involved. Obviously, SAIC has the inside track and they have no need to ask for payment to leverage this technology by bringing it to their client list. Not on plugged nickle more is needed to incentivize SAIC, LOL.
Obviously.
All I'm pointing out is that there are logical, rational, reasonable reasons why SAIC would NOT have an interest in having the news trumpetted from the mountain tops. And that they would run with this ball like they were in the iopen field heading for the goal line.
They obviously have a client list who can benefit and who do you think will want to be the consulting firm doing the work to benefit from bringing recommendations involving JBII technology to corporate and government clients of all shapes and sized?
Will it be SAIC? Ya think?
What with the natural benefits accruing to them if they can control the info to their benefit?
I'd kinda think so, LOL.
They have, in effect, already been paid by the very work they did, and they will naturally act to market it, because they themselves benefit.
And there is no way in hell they maximize this benefit if the idea gets wide dismination.
They have ZERO interest in getting behind any effort by JBII to trumpet this.
And you ain't gotta pay them one thin dime to serve their interests in this fashion.
Logic, baby.
Logic.
Imperial Whazoo
Not true. JBII has already demonstrated that they know that they need to file certain things in a redacted fashion. So, they did so before when it could have been argued that trumpeting the thing was the best approach. They understood the actual needs they faced when they filed redacted once before, and they will not deviate and fail to understand that redacted filing still serves their long term goals.
So they will file, should they need to do so, in a redacted fashion. Thats my take.
Secondly, SAIC is not obligated to serve anyone but their own clients.
SAIC has a direct fiduciary and client responsibilty to their client in this instance... JBII.
And they have a vested interest in garnering as much from having been privy to the JBII technological wonder as they can possibly gather to themselves. They have zero interest broadcasting this accomplishment because they have every intent of profiting hugely by being the vector for generating a lot of projects involving themselves and JBII in the future.
Plainly put, no party to the SAIC report actually benefits more by trumpeting this accomplishment more than they get out of controling the info flow.
So, IMHO, the last thing any current party (to the report that is being done) will want is for JBII to send up fireworks about what has just been attained.
As to JBII having the need to shout about their success at this time, they do not need to. They have all they can handle on their plate right now.
What JBII has the particular and specific need for is to take this technology to their existing clients. In this case, they have a direct relationship that has to be delivered on before they over-reach and try to move at a faster pace.
For example, if I were to go out and run like a sprinter at the start of a 10K race, I'd tire out bigtime and fail miserably. That is fully understood, IMHO, by JBII, and the guy coming on board from RKT is going to see to it that RKT's deal with JBII gets serviced, first in line. You can count on that.
JBII has a BIG client: RKT. They have a new CEO who came from RKT. RKT is first in line and it would not serve the interests of RKT to have JBII trumpet this thing as though their intent was to generate interest from far and wide.
They have to meet their obligations to RKT first.
Its a FIFO reality that's in place, folks.
First in: RKT
First out: RKT
Be grateful there is a huge client in the mix because this will allow the technology to be established in a firm fashion.
The need to go out and market to generate multiple new projects is not the driving force here. The driving force here is the need to deliver on the exxisting, large project negotiated with RKT.
As to all the other growth areas and opportunities: as they say down here - we'll cross that bridge when we come to it.
I suspect that there will be certain levels of other business that get conducted out of the Niagara Falls plant, and lets not act like other entites have not already done a certain ammount of business with JBII. But this situation has SAIC involved, and SAIC has it's own self-interest to pay attention to.
Since it serves SAIC to control info releases within their own client universe, SAIC can be expected to act as a marketing department for JBII, IMHO.
This is a very nice situation for JBII to be in and I doubt they will do anything other than file as many redacted filings as they can file.
Imperial Whazoo
It sounds to me like they have done the work, come away thoroughly impressed, delivered the over-all assessment (which is hugely positive) to the client (who is JBII), and committed to the work of generating a full report ASAP.
In that it is sufficeint and is in JBII's interest to release controlled info, the most I think we will see will be the high points of this preleminary report.
I doubt we will ever get the full report. The full report will be internal, as well it should. Locke into a fire=proof cabinet and kept under lock and key.
If their legal beagles tell them they have to file the thing with the SEC, you can bet your bottom dollar they will handle it exactly as was done in that redacted filing on the particulars of the RKT deal.
And anyway... an outfit like SAIC has a pristine reputation, and they ave absolutely zero need to butress their advice by scatter-gun announcements. Their interests are actuall best served by keeping tese cards close to their vest. After all.... they CONSULT as their income source, remember?
SAIC is in the cat-bird's seat as regards whispering in the ears of whoever needs to know what this technology affords them.
And you can bet your bottom dollar that SAIC will be informing carefully screened entities to seed the field of dreams over what can now be done to deliver on the pressing need, worldwide, for governmental entities to put in place large scale projects that can, for the very first time, turn waste plastic into useful fuel.
This is huge, people.
Having SAIC in your corner... what a coup!!!
Imperial Whazoo
Careful what you ask for. there may be an upcoming release of the report from SAIC. We'll see, but I'm guessing it will not be broadcast.
Here's why.
Even a cowboy like me is far too smart to buy the idea that, at this point, it is wise to send up skyrockets for intricate scrutiny by all the entities who are interested (for one reason or another) in damaging JBII in some fashion. If I were running any such show, I'd never tell my obvious enemies the details and the particulars of the validation JBII got from SAIC. Not if I could help it.
What serves to best further JBII's revolutionary technoogy is control of the info cycle rather than broadcast in shotgun fashion.
If you doubt the thinking at the top of RKT and JBII comports with this approach, just take a gander at the SEC filing with all the redactions in it. JBII was obligated to submit a filing covering the RKT deal particulars, and they did so in a greatly criticized redacted filing.
They redacted it like there was no tomorrow. As such, it logically follows that any and all demands to broadcast this SAIC accomplishment using a scatter-gun/shotgun rather than a laser guided beam of control are going to fall on deaf ears at both RKT & JBII corporate, as well they should.
The particulars will be released on an as-needed-basis, to such entities as have a possible use for the validated technology in a positive, rather than destructive, manner.
Fact is that there are innumebrable entities of all shapes and sizes who have a dog in this fight, and a lot of them would find failure at JBII to be a most satisfying accomplishment.
The last thing on the face of the Earth that JBII should mistakenly do is tell the whole world at this present moment.
Tell the world the minimum necessary to keep shareholders and regulators satisfied. Resist any and all calls to make a garden party out of the things accomplished thus far.
Thats my take and my comment on the release to everybody in general for the mere purpose of satisfying the nay-sayers.
Smile and decline to comply with such an idea.
That's my opinion of the proper action to take, and in that they have done so up to now, I am a very happy camper.
Well handled, JBII. Well done, indeed.
And keep on keeping on! Keep a lid on it and run like the wind.
Like a submarine in stealth mode.... run silent and run deep!
Imperial Whazoo
With all due respect, I beg to differ about this being all that redundant.
I think it is incorrect to reason that, since validation had been attained multiple times previously, it is redundant to have attained this accolade from SAIC.
Here's why.
The stamp of approval from 3 days of real-time examination by a player in this particular arena is a more excellent achievement than the various engineering firm style validations thusfar obtained.
Just look at SAIC's projects link:
http://www.saic.com/eeandi/projects
Look who they link to in terms of work done and being done.
http://www.saic.com/project/national-grid
http://www.saic.com/project/california%E2%80%99s-department-resources-recycling-and-recovery
http://www.saic.com/project/city-hialeah
http://www.saic.com/project/saudi-electric-company
http://www.saic.com/project/wichita-water-utilities
http://www.saic.com/project/arizona-public-service
http://www.saic.com/project/anheuser-busch-inc
http://www.saic.com/project/savannah-river-nuclear-solutions-llc-department-energy
http://www.saic.com/project/national-grid
http://www.saic.com/project/att
http://www.saic.com/project/us-environmental-protection-agency-epa
http://www.saic.com/project/dr-pepper-snapple-group-inc
http://www.saic.com/project/freeport-regional-water-authority-0
http://www.saic.com/project/puget-sound-energy
And that only a randomly selected partial list.
My point is wrapped up in one hyphenated word: CROSS-POLLENATION
This SAIC outfit is a key player, like none of the players from past instances of validation. Talk about being on the pulse of the heartbeat!
The reason this validation differs and is far more of an accolade is that this company, SAIC, is key in so much of what is out there in the arena of environmental issues.
The thinkers and solutions promugators who can construct projects on a huge scale are on the contact lists of SAIC consulting engineers and sales staff. There is no way that a solution to plastic waste, which bedevils governments at every level, will somehow not get deseminated to receptive audiences worldwide.... and in very short order.
This is a tremendous accomplishment.... this SAIC thing. A tremendous and very fr reaching accomplishment for JBII.
Simple as that.
Imperial Whazoo
Hey snow et al,
I just went to check out the SAIC site and evaluate the meaningfulness of their having been involved in the evaluation that JBII announced in today's PR.
I recommend that everyone do likewise.
Here is their "News" link
http://www.saic.com/eeandi/news
And here is their "Who we are" link
http://www.saic.com/eeandi/who
And look at their "Projects" link:
http://www.saic.com/eeandi/projects
JBII's decision to interface with them is shear genius, IMHO. Talk about a focal point in the exposure arena!! SAIC is such a focal point.
To grasp the relevance and importance of this being the chosen "stamp-of-approval" party with whom JBII has chosen to interface, check on one of SAIC's news releases, chosen at random from their news page. Just sit back and contemplate what kind of reach this decision to interface with them will engender.
Randomly selected news article:
http://www2.saic.com/announcement/saic-design-expert-presents-itea-test-instrument-workshop-project-cite
That news is obviously not JBII specific, but just what downside is there to garnering accolades from an outfit situated as centrally as this one is.... just what exactly IS the downside here?
I say that there is no downside at all to JBII getting on the radar screen of this outfit and its relationships across multiple industries and across a wide swathe of governmental entities worldwide.
A fantastic idea.... what a feather in JBII's cap!!
Talk about widespread cross-pollenization on a grand scale!!
Just look at their "Energy, Environment, and Infrastructure Capabilities" link:
http://www.saic.com/eeandi/capabilities
I think the decision to add the gentleman from RKT is itself a tremendous event to have happened, but when it is an event that is a fellow-traveler with the decision to generate approval and exposure via SAIC, the picture painted is, IMHO, marvelous in terms of its intrinsic potential.
Well done, JBII!
Well done indeed.
Imperial Whazoo
Hey HR -
Didn't know you were over here.
Here's my oponion of you not getting in yet: don't sweat it.
If this move is real, it will have more in the tank and its only the start of a move that will have real legs. If its real, you are in no way late and if it's not, you missed a headfake that would have suched you in. I think its real, and thus, if it is, it's not a one day wonder IMHO.
We'll see.
Imperial Whazoo
Does anybody have any idea on the face of the Earth why apparently good news craters this thing?
I had it on a watch list and I was stepping thru the list at the latter part of the trading day and noticed this precipitous fall off. Typically, when a chart craters like this, my automatic reaction is to take it off the watch list but in this case, it was so big a crash that I looked into it to see what happened.
To my surprise, they have a patent and n obvious business plan and they are well under way to getting about a new layer of business. So, why did it crater on what, on the face of it, appears to be excellent news?
Imperial Whazoo
Why in the world is price going up?
Why in the world would people step across the book at the end of the day to by the ask in higher volume than the remainder of the trading that occured today?
Why would anyone buy as though it was important to pick up shares prior to the start of next week?
What could possibly drive a stock with more upside momo than was accomplished to the downside in the most recent trading day?
:o)
Imperial Whazoo
Thanx pickle -
See, the best SFMI can do on the US government land, due to Congress, is get unpatented LODE claims. Since 1994, patented claims have not been issued by our government due to "budgetary constraints"
SFMI ended 2010 with a small position: 42.754 acres
They exited the year much better off: 859.4 new acres and 56 new claims.
Not bad for a year's work, LOL.
And during that year, they converted every instance that was possible from unpatented to patented.
And they increased acreage at the Sinker Tunnel to 207 acres.
Also, they increased acreage at the Louisiana by adding 8.073 acres.
And what of this idea they only hold 70% or 30% interests or some such number? Guess what they ACTUALLY own? 100% in each of the 56 new unpatented LODE claims
They went for the top shelf solution they had available on government land: 100% in unpatented LODE claims.
And they obtained 100% interest in 859.4 acres involved in 56 new claims. Not bad for a year's work.
Well done, I'd say.
And lets not miss the importance of their obtaining LODE claims.
PLACER claims are for sand and gravel. You pan for gold on PLACER claims.
LODE claims are for hard rock. You drill on LODE claims.
You drill on hard rock claims.
And, to belabor the point: why bother with all of the above year's worth of expense and work if all you are doing is lining your pockets and heading for hiding?
This is not the way to fleece the shareholders. Why bother converting all these unpatenteds to patenteds? And why bother converting all these PLACERS to LODE claims? Doesn't make sense, IMHO, if they are just lining their pockets. Why go to all that bother? Doesn't make sense, if you ask me.
Hope this helps.
Imperial Whazoo
Added:
For reference, look at the 100% beside each of these. SFMI has obtained 100% in each.
Name Ownership Interest Type of Claim Acres
Burka #1 100% Unpatented Lode Claim 18.85
Burka #2 100% Unpatented Lode Claim 14.75
Burka #3 100% Unpatented Lode Claim 12.75
Burka #4 100% Unpatented Lode Claim 20.00
Burka #5 100% Unpatented Lode Claim 4.00
Burka #6 100% Unpatented Lode Claim 14.00
Burka #7 100% Unpatented Lode Claim 9.95
Burka #8 100% Unpatented Lode Claim 19.05
Burka#9 100% Unpatented Lode Claim 18.25
Western Horn #1 100% Unpatented Lode Claim 18.50
Western Horn #2 100% Unpatented Lode Claim 20.00
Western Horn #3 100% Unpatented Lode Claim 19.50
Western Horn #4 100% Unpatented Lode Claim 20.00
Western Horn #5 100% Unpatented Lode Claim 20.00
Western Horn #6 100% Unpatented Lode Claim 20.00
Western Horn #7 100% Unpatented Lode Claim 20.00
Western Horn #8 100% Unpatented Lode Claim 13.50
Western Horn #9 100% Unpatented Lode Claim 20.00
Western Horn #10 100% Unpatented Lode Claim 20.00
Western Horn #11 100% Unpatented Lode Claim 20.00
Western Horn #12 100% Unpatented Lode Claim 20.00
Western Horn #13 100% Unpatented Lode Claim 20.00
Western Horn #14 100% Unpatented Lode Claim 20.00
Diamond Creek #1 100% Unpatented Lode Claim 20.00
Diamond Creek #2 100% Unpatented Lode Claim 20.00
Diamond Creek #3 100% Unpatented Lode Claim 20.00
Diamond Creek #4 100% Unpatented Lode Claim 20.00
Diamond Creek #5 100% Unpatented Lode Claim 20.00
Diamond Creek #6 100% Unpatented Lode Claim 20.00
Diamond Creek #8 100% Unpatented Lode Claim 9.85
Diamond Creek #9 100% Unpatented Lode Claim 7.25
Diamond Creek #10 100% Unpatented Lode Claim 19.75
Diamond Creek #11 100% Unpatented Lode Claim 17.00
Diamond Creek #12 100% Unpatented Lode Claim 13.00
Diamond Creek #13 100% Unpatented Lode Claim 14.75
Diamond Creek #14 100% Unpatented Lode Claim 2.50
Diamond Creek #15 100% Unpatented Lode Claim 6.50
Diamond Creek #16 100% Unpatented Lode Claim 5.25
Diamond Creek #17 100% Unpatented Lode Claim 2.00
Diamond Creek #18 100% Unpatented Lode Claim 2.85
Diamond Creek #19 100% Unpatented Lode Claim 6.85
Diamond Creek #22 100% Unpatented Lode Claim 8.00
Diamond Creek #24 100% Unpatented Lode Claim 17.25
Diamond Creek #25 100% Unpatented Lode Claim 18.65
Diamond Creek #26 100% Unpatented Lode Claim 17.50
Diamond Creek #27 100% Unpatented Lode Claim 5.50
Diamond Creek #28 100% Unpatented Lode Claim 4.75
Diamond Creek #29 100% Unpatented Lode Claim 7.25
Diamond Creek #30 100% Unpatented Lode Claim 20.00
Diamond Creek #31 100% Unpatented Lode Claim 16.85
Diamond Creek #32 100% Unpatented Lode Claim 20.00
Diamond Creek #33 100% Unpatented Lode Claim 20.00
Diamond Creek #34 100% Unpatented Lode Claim 20.00
Diamond Creek #35 100% Unpatented Lode Claim 16.00
Diamond Creek #36 100% Unpatented Lode Claim 17.00
Diamond Creek #37 100% Unpatented Lode Claim 20.00
Well, at first blush, was this a good or a bad PR? To judge by the price action, it seems to be being well received.
So, I'm going to drill down into it at a lot of detail, so hold onto your chin-straps, LOL.
And, since people are busy and understandably might dislike lengthy posts, here is the my overall conclusion:
1.) SHAREHOLDERS ARE IN A VASTLY IMPROVED POSITION AS REGARDS THE INVENTORY OF CLAIMS, which management has accomplished via a deliberate business plan
and
2.) ABSOLUTELY ZERO EVIDENCE EXISTS THAT SFMI INSIDERS ARE DESTROYING THE COMPANY BY LINING THEIR POCKETS WITH HUGE DILUTION-DRIVEN SHARE POSITIONS
I hold that it is a fact that SFMI insiders are NOT hurting shareholders, destroying the company with dilution, and lining their own pockets at the expense of ordinary shareholders.
All mining claims are initially unpatented claims, which give the right only for those activities necessary to exploration and mining, and last only as long as the claim is worked every year. For instance, the failure to prosecute the work on the tunnel for six months is considered the abandonment of rights to all the undiscovered veins on the line of the tunnels. In addition, at least $100 worth of labor shall be performed or improvements made annually. If this does not occur, the claim or mine upon which such failure occurred shall be made to relocation in the same manner as if no location of the same had ever been made. The original mining law gave miners the opportunity to obtain patents (deeds from the government), much as farmers could obtain title under the Homestead Act. The owner of a patented claim can put it to any legal use. The process of patenting claims has been perhaps the most controversial part of the mining law. Because of a Congress-imposed moratorium, the federal government has not accepted any new applications for mining claim patents since October 1, 1994.
If management actually intends to scam me, why bother with the time and expense involved in going from PLACER claims to LODE claims in 100% of the cases where it is an option? Why go to the effort & expense?
If they don't really intend to drill, WHY WOULD THEY GO TO THE EFFORT TO ELEMINATE EVERY GRAVEL CLAIM AND CHOOSE TO HOLD ONLY HARD ROCK CLAIMS?
Seems to me that it would be far cheaper for a scam outfit to never bother to obtain LOAD claims. Why bother?
AFTER ALL.... WHAT'S MORE VALUABLE: A CLAIM TO A BUNCH OF GRAVEL OR A CLAIM TO A HARD ROCK VEIN?
It is important to me, as a shareholder, that SFMI has been systematically conducting a business plan to assemble a big portfolio of HARD ROCK LOAD CLAIMS wIth which it controls more and more of War Eagle Mountain.
( http://ih.advfn.com/p.php?pid=nmona&article=52268873&symbol=SFMI )
In 2010, as a result of a survey of portions of War Eagle Mountain, GoldLand Holdings Co. (OTCBB: GHDC) allowed its "Unpatented" Placer Claims to lapse, and reapplied for new "Unpatented" Lode Claims covering the same veins. Due to human error, these "Unpatented" claims had been registered under the SFMI inventories of claims. Thus, the "Unpatented" Placer Claims previously known as Great Western #1 through 4 and Cape Horn #1 are now known as Western Horn #7 through 14, which are Unpatented Lode Claims. The "Unpatented" Placer Claims previously known as GoldLand #25 and 26 are now known as Western Horn #3 through 6, which are "Unpatented" Lode Claims. The "Unpatented" Placer Claims previously known as GoldLand #13 through 15 are now known as Diamond Creek #5, 6 and 8, which are "Unpatented" Lode Claims. These new "Unpatented" Lode Claims were erroneously titled in SFMI's name, but have been transferred formally to GoldLand.
I've been trying to convey that message for a while now. They are not damaging folks by the act of taking shares for past & future salaries.
They are accumulating shares for the obvious reason that they will benefit exponentially by having a wad of shares instead of a wad of debt (past salaries owed) or a wad of cash as money conveyed as payments.
They took restricted. No dumpage. From the point of view of a buyer of the company, these blocks of insider owned restricteds are merely objects to be obtained. Obtaining them is part and parcel of a buyout or merger or partnership or any such thing. As a matter of fact, by NOT having these shares on the open market, the trivial details of a buyout are simpler.
These insiders are not going to dump. They are going to hold, IMHO, and the news you speak of in your post buttresses that 100%.
Wise observation. Well said. Well observed.
Imperial Whazoo
I agree with most of your preciction and want to also say that the significant candle formation on 3/30/12 is the candle called a hammer, which typically demarks a "hammering out of a bottom" (hence its name in the constellation of candlestick pattern names)
That said, I hope you don't mind my weighing in with my opinion that the price MIGHT retest the low end of the candle of that day because it is very often the case that lows get retested.
If there is a retest of the low end of that candle, then note that the low on that day was .04, which means that, at least temporarily, there could IMHO very easily be a retest that breaches .05.
Like you, I do not think a fall that low will be sustained, but I did want to weigh in that your prediction is that it will not see .05 while mine is that it very well could retest the low of the wick of 3/30/12, which was .04.
IMHO, whether it breaches .05 and gets to .04, or whether it holds at or above .05, I do not think such a move will have any staying power.
Imperial Whazoo
Hey folks, I'm sitting here having a stream of consciousness conversation with myself as I peruse the PR that came out today.
:o)
Lets see now.... Lets take a look at it....
http://ih.advfn.com/p.php?pid=nmona&article=52184907
How do the categories shown in the 4/12 PR compare to the one we got today?
Hmmmm...
Lets see.. 5 categories in both.....
Topmost is "Gold Land Holdings 7,480,000 RESTRICTED-RULE 144"
No change.... But MENTAL NOTE.... Not tradeable!!! RESTRICTED...
OK next....
"Vendor Payables 20,919,457" in today's vs 16,846,500 from 4/12
OK... thats a change....
Mental note: these are free trading....
So thats an increase of tradable realtime shares out there of.... 4,072,957 free trading.
Big whoopie, LOL
OK, then, Next.....
"Promissory Note Holders 60,461,757 RESTRICTED- RULE 144"
No change there either..... but again: MENTAL NOTE.... Not tradeable!!! RESTRICTED...
I think I'm sensing a pattern, LOL.... these guys sure are acting oddly for insiders setting themselves up to dump shares, LOL.
OK.... next is "Contractors 23,728,571 Free-trade S-8"
No change and another mental note: "Free trading"
And then the last one.... Salaries 157,952,616 RESTRICTED- RULE 144/Section 16
No change there either. And same ole same ole..... MENTAL NOTE.... Not tradeable!!! RESTRICTED...
Kind of looks like they issue free trading shares to outsiders, to pay bills to contractors and vendors.... Not to themselves, though.
Hmmmm..... Vely vely interesting, LOL
They have only one restated categary, and its free trading, but its only 4.07 million shares.
Big whup.... not concerned about dilution from that change, LOL
OK, Question to self:
Are these insiders issuing themselves shares they can trade?
Answer: Nope.
Not by a long shot.
Man, if this is all the damage to me by the alleged "fleecing" these guys are conducting, I think buying some more of these "diluted" (LOL) free trading shares is in order.
Now, Mental Note to self:
Had they been issuing themselves shares that they could actually TRADE.... then that would be a horse of a different color.... maybe even a unicorn, LOL.
Harde har har!
OK... what else jumps out atcha in today's PR?
Hmmm...
....the 4/12 PR had Certified shareholder count of 177,726,147 held in certificate form and today its at 46,235,626.
Whats that... 131 million less in certs?
Wow.
OK, then... so, the bulk of what gets restated is in the number of issued certificates they have out there.
They thought there were 131,490,521 certs that don't actually exist..... sounds like they need another firm handling their shares, LOL.
So... Question:
Did these 131 million shares show up as tradeable shares or were they just never actually issued....???
Hmmm... lets see now....
OK... here it is in today's PR:
the street float went up approximately 40.5M to 298,731,191
For the benefit of everyone, let me lay a few things out.
1. There are two PRs that people need to compare; one that came out on 4/12 & another than came out on 4/27.
4/12/12 PR:
http://ih.advfn.com/p.php?pid=nmona&article=51986939
4/27/12 PR:
http://ih.advfn.com/p.php?pid=nmona&article=52184907
2. Share dilution was reported to have increased in both PRs
This is the way it was stated in the 4/12/12 PR:
Since the publication of its 3rd quarter results, share dilution increased from 344,966,817 to 789,162,405
since the publication of its 3rd quarter results, share dilution increased from 344,966,817 to 615,509,218
What difference could it make for the number of shares to have been overstated by 28.2%?
I went over to the company site referenced in the quote a few posts back ( http://www.vestas.com ) and discovered that that compoany makes the HUGE units that are in movies. The big, 10 story tall units everyone os proly familiar with.
The thing that strikes me about the market BLDW is in is the downsize size of it's units.
It seems obvious to me that the scale of the big units from Vestas limits market penetration. Cost alone has to be a barrier, and there olso is a physical "field of wind" problem with those huge units. What they require is space.
On the other hand, BLDW units are nimble little animals by omparisobn, it seems to me.
With BLDW, what you have is a marketing possibility that allows units into all kinds of less spacious environments.
It seems to me that the ability to put the BLDW units almost anywhere is a HUGE advantage. On top of signage and on poles and towers. In out-in-the-boondocks oil patch pump stations and on remote industrial facilities of various kinds. In plant yards or on government buildings. Its more PERSONAL, and as such, it offers a nicer market footprint, if you ask me.
Imperial Whazoo
I bet that you can not just ask to get it upped. I bet that, to get it done, you have to have a bona fide & demostratable pipeline of developments that warrants it.
Suppose some yahoo could just waltze in the front door of the DEC offices, fill out a form, select a size limit he wants and file the thing. (EDITED Now I know that this is not the actual process; you have no walk-in traffic.... I'm just illustrating the absurdity of being perturbed by the newness of the filing. IMHO, there is a symbiotic connection, necessarily, between a request for this from the DEC and the machinery to be covered by it.)
Logic says that the government regulatory police up there insist that, to get such a thing as this, you need to have a real thingy to which to affix the request.
So, this implies the machinery is ready for #3. Thats my take.
Imperial Whazoo
What is mind boggling to me is the way it is always assumed that there is zero benefit to RKT that is quantifiable.
I mean... the deal they are doing with JBII is to begin the process of massively reducing their expensive landfilling activities. Remembeer their wads of plastic-&-metal ragger tails?
Go back and re-read about the terrible regulatory expense Rock-Tenn faces in the present "boon-doggle status quo" where they have enormous exposure and overhead expense all over the country at site after site.
Massive regulatory exposure and expenses due to what? Due to their wads of garbage that they call ragger-tails.
Ragger-tail wads are a big, expensive pain in the a$$ and the solution that JBII is a part of is the only game in the world that offers even the slightest chance of RKT gaining a better situation.
And what a better situation it will be if JBII actually can deliver.
Hey... is failure the only thing I can actually be positive of regarding the RKT - JBII project? Really? REALLY???? LOL
JBII can turn plastic to high grade fuel, but there is something about this RKT opportunity that is really fascinating. As far as I'm concerned, JBII's ability to generate fuel from plastic is the secondary issue.
The primary tier of consequential helpfulness to RKT is the ability to offload the burden of having to deal with landfilling activites required of them because of the wads of mixed garbage known as raggertails.
Think about it: because of the ability to pre-melt, both ragger-tail garbage wads coming off the factory floors AND already landfilled garbage can be handled.
I had it mentally marked as being 5/15. I'm not contending you are wrong, but could you explain why you have it as 5/10?
TIA
Imperial Whazoo
Aw shucks.
All I can say is "Tres bien."
You didn't know you were going to get French spoken to you this morning, did you? LOL
I also know some more French....
I can say, "Pass me the butter" and "It's 9 o'clock", both of which will get you a long way on the streets of Paris.
:o)
Imperial Whazoo
Bingo! Thats the ticket.
Imperial Whazoo
Well, lets not puff me up all that much, LOL. I put my pants on one leg at a time, just like everyone else.
I have great expectations for this puppy (and to be frank, CBI$ too).
I think the politics of medical marijuana, at this time in our nation's history, are primo.... all bud & no seed.
:o)
But as to what I'll do if this thing takes off like a rocket, I'd not set me up as some kind of "posting saint", LOL. If this thing takes off parabolically, I'd be outta here until it settled back for another run at it.
Anyway, I think the business plan they have put in place is going to generate CONSISTENT gains rather than a single parabolic.
Imperial Whazoo
And, as they generate sales of BRANDED prodicts, it will show up in the chart over the summer.
As the others out there find that they are not able to generate products that have the necessary pharmaceutical consistency at competative prices, it will eventually become a fact that MJNA's competition will have to buy ingredients from them.
It is worth it to have less flash and more substance, IMHO.
And what's better: being the company slogging through the headwinds of a bureaucratic nightmare, year after year, or being the company whose low cost, consistent pharmaceutical ingredients are required by ANY company in this niche who hopes to eventually release a drug?
Imperial Whazoo
Put this fact in your memory bank and refer to it frequently: the route CBI$ is on will take an enormous amount of time due to the bureaucracy involved in getting a new drug out. MJNA is on a less time consuming path that will pay off sooner because their products are targeted at less regulated markets.
And also, never forget that in sales, it is always good to get a brand name out there.
In this niche, the only company consciously pursuing BRAND NAME RECOGNITION is MJNA. Thats the key thing to note and remember.
They laid down a financing foundation, on which they built by obtaining and cornering key technologies, (they control necessary patented manufacturing & growth technologies), and the end result will be that they generate consistent, pharmeceutical grade ingredients, enabling them to have the necessary confidence to establish their BRAND.
Its a flow diagram and a business plan & it is the only one of its kind in this industry niche.
It's a very different approach that has a far shorter payback & growth prospect affixed to it.
Thats the key, baby.
Thats the key.
Imperial Whazoo
Can somebody clear up when they will release Q1. Its proly May 15, right?
And as to the other referenced things, I had posted a postit reminder that they had inspecifically referred to May 1st as a date of note, right?
Imperial Whazoo
What that implies is that there is something in the works in a short enough timeframe to warrant caution in talking to shareholders. Given that the limitation is regarding un-public info getting out, it follows that one explanation is that the threat of accusation over info getting out prevents comment.
My hope then is that this reply by him suggests a short timeline on something.
Lets hope so.
Imperial Whazoo
Hey koolmoto -
Welcome aboard here. I just looked at that chart you put up analyzing the wedge formation and it reads like a textbook example of a breakout in the making.
Also, as regards "stop hunting" being the explanation of alleged MM signalling.... bravo! Finally, someone who appears to have sat at a trading desk and played the game across the ethers with parties unknown, LOL.
Its stop hunting and I welcome having you say so.
Imperial Whazoo
What is more, if we follow that idea to its necessary terminus, it is perfectly rational for JBII to hide the fact that the RKT deal has fallen thru by filing with the SEC in the last few days to redact large sections of details of what deal????
Why the RKT deal that is not any longer even in existence, of course!!!!
I mean, what cunning these fraudsters at JBII possess..... thinking so far ahaed that they continue to play-act their charade, even after the deal the charade covered up is no longer in existence!!!!
We have a fallen-apart-deal and we protect ourselves and our ex-partner-in-the-fallen-apart-deal from prying eyes by filing appropriately to redact the important details....???
Why.... that makes perfect sense!! Why wouldn't bigtime fraudsters do this? What could be more rational than continuing a charade by filing redactions galore to protect a deal that doesn't even exist any more!!!!
Play act the charade, even after the deal falls off the edge of reality???
Absolutely!!
Redact the important details of a deal that is no longer in existence???
Indubitably!! Obviously!!!
:o)
Imperial Whazoo
No, its not MJNA they will tout because I'm in MJNA right now, and I use TDA.
Imperial Whazoo
I think we are going to see deals of all sizes as the summer progresses.
They have a consulting arm specializing in tax advantaged and govt grant approaches.
They have their new relationship with the lower end turbine solution from Honeywell, and we are seeing some of the deals they have in the works on the lower end of the spectrum today; deals for powering towers in the wilderness being prime low end solution examples.
And then they have their own high end building size solutions.
This announcement today is just one of what I'm certain is going to be a steady stream of deals, all summer long.
I like what I see here.
Imperial Whazoo
I posted that 4 point business plan because it looked to me like it was a very astute one. They said they planned to do what we now see them having done.
They will soon announce products in the new company they formed with Dixie. Thats my bet.
They will be taking the pharmaceutical grade product from the European company and employing it in the branded products of Dixie and/or the new company.
And, to feed the growth in a predictable and planned way, they will be setting up grow houses whose output uses the hydroponics they licensed. That way, they can manage their new venture in a controlled way. Key to it.... the hydroponics that generate standardized pharmacewutical grade plants.
Once I began to think about the steps they were taking, it made sense. They need a delivery system for consistency in their new products, and the efficiency they need to become a production line medical marijuana "factory" system required them to take steps to set up a growth environment with predictable grades. Their branded products need controllable, pharmaceutical grade ingredients.
So they license the necessary parts and they are staged to go forward. They investor behind it sets up the financing in such a way that the costs are ameliorated to the greates degree possible. Each separate entity he sets up and partially owns, can succeed ofr fail on its own. His money is made by the success of each separate entity, and if any of these should encounter unexpected headwinds, the whole is not cratered by one failure. And in terms of payout of the investment, by channeling profits thru multiple conduits, the potential profits are astronomical.
Well designed. And as of this point, well executed.
This is setting up as the perfect storm, if you ask me.
Imperial Whazoo
They telegraphed their deliberate, well financed, and well thought out forward pointing business plan.
First: the FINANCIAL FOUNDATION
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72785522
Medical Marijuana Inc. announced today it has closed on the financing agreement with CannaBANK Inc,......
.....Effective March 1, 2012
Under the terms of the transaction, CannaBANK Inc. shall provide four million ($4,000,000) in liquidity for the purchase and development of several pending Medical Marijuana Inc. (MJNA) acquisitions.
Medical Marijuana Inc. (OTC: MJNA) Signs Final Term-Sheet to Purchase Cannabinoid (cannabis) Delivery Method for Deployment Into Pharmaceutical Market Expanding MJNA's Portfolio of Intellectual Property In The Medical Cannabinoid Market
CannaBANK Acquires Rights to License PharmaSphere's Patented Growth System ..... "PharmaSphere is pleased to be moving forward on this long anticipated transaction. Our Patented Technology is an incredible leap forward in control, efficiency, report-ability and consistency for this multi-Billion dollar growth industry," said a spokesman for PharmaSphere.
Medical Marijuana, Inc. (MJNA – OTC PK) has acquired all intellectual property, research and development, formulas and recipes associated with medical cannabis brand, Dixie Elixirs & Edibles, from Dixie Holdings, LLC.