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No, it is about as likely that a deal will be dilutive as it is that the sun will rise in the west tomorrow morning, IMHO.
They may not announce any deal, but they DID delay the filing and said, in clear language, that the reason is "FINANCIAL", so common sense says there is a "FINANCIAL" deal of some kind in the works.... duh!
But the insistance that the deal, should there be one, will be dilutive, .... ????? I don't think it even resembles obvious.
Fact is that, if they raise money, it will be done with the same kind of MINIMALIST/CONTROLLED dilution impact as was the existing $7 million deal.
In any deal,
(and oryx..... post your repeted explanations for all the newbies, please?!?)
..... any deal, if they do raise money, will be solid and non-dilutive, just like the other one obviously was.
Any deal will be well designed.
It will not sell shares to be dumped in anything even resembling an immediate time frame.
It will not be a pump-n-dump.
It will be a long term....
...well designed,
...thoughtfully & professionally constructed,
...genuinely intended INVESTMENT vehicle constructed with care and foresight that does such things as can be done to protect both sides of the deal,
...and the shareholder.
It will not generate a share dump or a crash....
It will probable cause a controlled RISE in share price that helps all parties,
...including the shareholders, such as little old me.
It will build a financial base on which to rely for the generation of funds and profits for the drilling part of the business plan.
It will not be a disaster.
It will be a good thing that will make anyone disliking SFMI look foolish, IMHO.
It will be met with great rejoicing and happiness by all the long suffering longs, and it will be seen as a disaster by all the SFMI dislikers.
If there is a deal announced, anyone and everyone is 100% entitled to dislike it and to extend all the effort that is feel to be necessry to tell me, and others, that the deal is bad, but it will not be a bad deal.
The fact will be that it will be, NET/NET, a good thing and the result will be that prices take off to the upside, and interested buyers will show up in droves to take positions.
SFMI fever will be with us and it will be nice to see.
Thats the way its likely to turn out, IMHO.
Simple as that.
Imperial Whazoo
It mystifies me.
They auditor said they are NOT disapproving of the financial statement. It got their stamp of approval. Even I can see that. Duh.
It also says that they disapprove of the internal contriol in shop in their internal accounting controls. Again, even I can see that. It's too obvious to miss. Duh.
And yet they passed the financials... despite disliking the internal controls.
Not even remotely hard to parse and comprehend. Duh.
I can't see why the folks dislike JBII are insisting the whole kit-n-kaboodle is a disaster.
And on the other hand, its equally unfactual for those favoring JBII to refuse to comprehend that the internal office accounting system's controls are shabby.
Duh to both sides.
For once, I just wish honesty would prevail around here.
Imperial Whazoo
Yeah, I just found it on drudge moments ago and was going to post it here for comment.
http://www.nbcbayarea.com/news/local/Oaksterdam-University-Raided-by-Feds-145765015.html
My question is this: are any of the entities or people mentioned in any kind of affiliation and/or cross-pollination with MJNA? Mr Lee, who is prominently mentioned, for example; Is he linked in any way to us?
Will there be an escalation of the vicious fight between federal power and states rights that damages the value of the companies this summer, or will the efforts to squash "Everyman" benefit the companies at the forefront of the movement?
I mean, just last week, Washington DC approved a list of authorized sellers.
How incongruent is it that, in the very heart of the beast (DC), they are going forward apace while in the states, the feds are ramping up the assaults?
Thoughts? Answers? Predictions?
Imperial Whazoo
I got their recording when I called a minute ago.
Ball's now in someone else's court.
Let us all know what whoever gets thru finds out.
Imperial Whazoo
No, what is ridiculous is the insipidly stupid idea that SFMI had any choice in the matter. As longhorn bill pointed out.....
(and all I'll tell the board about the real experience he has is that he actually did the work involved in filing these kinds of things in his capacity on an OTC company, so he alone around here speaks with authority, RB, not you)
EDITED: and the tremendous thing about lb's opinion is that his authority to post derives from his personal experience, which makes his opinion worth reading because it is informed by honest experience, a very welcome difference to the incessant criticism that parrots authoritative thinking.
.....Longhorn Bill pointed it out succinctly yesterday in his post....
SFMI had NO choice but to do precisely what they did.
So everybody just needs to cool it, IMHO. SFMI had to delay if it is, as they imply, a financing matter arriving at a late hour in the filing cycle.
Simple truth, delivered with facts, from longhorn bill, who has personally been there and done that. PERIOD, RB. Fact.
So, to the two camps out there....
.....if you are never able to criticize SFMI, settle down and be prepared to criticize them if what comes out makes them worthy of criticism, guys.
......On the other hand, if it is a fact that nothing good is ever seen to be related to SFMI, then likewise cool it and get ready to eat crow because it may turn out that what is in the works is tremendous and all the knee-JERK criticism is wrongmindedness.
Wait for it.....
Wait for it.....
Both sides..... wait for it.
Peace.
Imperial Whazoo
So basically, it can be legitimately speculated, as of this extensing to the deadline, that something happened at or around the meetings that is material enough to warrant completing its details prior to completing the filing in question.
And, its in the area of additional financing, according to the extension filing you provided the link to.
OK.... so, I suppose that there must have been someone (or someones) attending the meeting (or meetings), or represnted by someone attending, who was sufficiently impressed to warrant this.
Definately sounds like the traveling road show paid off, but we'll now just have to twiddle our thumbs a few more days. Boy am I weary of thumb twiddling!!
The proof will be in the pudding. You can bet your bottom dollar the filing's details will get put under the microscope, LOL.
Lets just hope the delay is worth it.
Imperial Whazoo
We have a guy with the money stating his substantial backing. Money toeing the line.
We have activity in 17 states.
We have activity to put the official stamp of approval on the distribution channel in the heart of the beast.
Even if none of the vendors in the DC media link are directly associated with MJNA, how can such a rising tide, backed by fuel in the ga$$$$ tank, be ANYTHING other than a fortaste of an upcoming explosion in the summer months?
Looks like a slam dunk to me.
Imperial Whazoo
Hey folks.... check out this link to a DC news channel media report.
http://www.nbcwashington.com/news/local/DC-Selects-Marijuana-Cultivation-Centers-145143445.html?dr
Here's an interesting idea.... We know that there is a $$$ 4 million base laid on the line as support for the future of MJNA and that we have promises of info regarding the use of that money.
OK... so there is activity like this link addresses that is happening all over the US... 17 states ar in process of various legal approaches, with November in the cross-hairs.... and obviously, this happening in the heart of the beast, the District of Columbia.....
What would be the chart behavior if the intent of the money backing MJNA expansion in the near future were associated, even indirectly, with the kind of thing the DC media is talking about in this link?
I have no idea if MJNA is in the mix in the DC area.... may not be..... but I seriously doubt that the timeliness of the announcement of the $$$ 4 million available were unmindful of this kind of societal movement elsewhere in the US and I seriously doubt it will be too long before we hear that there has been a decision (or decisions) as to how the $$$ 4 million will be deployed.... and that it will be on the distribition side of things....
I bet there is something of the kind reported on in the media link fro DC that will generate a nice upswing in MJNA.... and very soon, too.
Thats my thinking and I'm sticking by it, LOL
Imperial Whazoo
I'm confused by comments that say that the financials could be as early as tomorrow.
Isn't tomorrow the end of the quarter?
Just asking.
Imperial Whazoo
I GUESS that it could be a symetrical A-B-C up, which means looking at .057 m/l
GUESS, mind you.
ImperialWhazoo
I figure the thing will run up to just in striking distance of the 3/26 HOD of .041. Then the news comes out tomorrow & the old high gets taken out.
My guess
Note: GUESS, LOL
Imperial Whazoo
I'm a hawkeye and I flag tidbits & subtlies and try to comprehend how to apply them longitudinally, as it were, to other pinky stocks I trade.
so, in that I have not heard of there being 5 days of slack, I wanted to pin it down.
And I can extrapolate a logic behind a PR showing up Monday, but what I recall was that it was asserted in a post that we should not even concern ourselves with looking for it till Monday.
I think its something we should look for today, tomorrow and/or Monday..... and if there is a specific true reason for a window (be it 5 of 15 days), I want to allow for that as well.
I pin things down so I can apply the details to other instances and I wanted to follow up on the timelines asserted in various posts for that specific reason.
Imperial Whazoo
I'd have to re-read a lot and I day trade constantly, so I would have to simply say that I recall that there was somebody posting who I thought said to look for 5 days of slack, and then another who said to see the info show up Monday.
Since I do this trading thing as a business, I was just wondering if there was anything to either assertion because, if its true in either case, then I need to make a mental note pf this situation so I can apply the factoid to other companies down the oad in the future.
And in that I see so much cr@p on so many boards that is nothing but FUD, my immediate thought when I read both of these postings was that I was seeing injected uncertainty, and that meant that I was not going to be well served if I made that mental note for application in future instances.
Make sense?
TIA
Imperial Whazoo
Here is my question: given the 3/31 date that is set out clearly in the filing, what is it that causes ambiguity in some of the posts that have shown up lately,
....where the timeline says the expected news and/or filing will have 5 days beyond that to get filed (suggesting that 3/31 is not firm, I suppose)
-OR-
....that we will be seing something Monday?
It seems to me as obvious as can be that, if the day is specifically to be no later than 3/31, then its not going to be having a 5 day "possibility" window & its not working against any kind of certainty that Mmonday is the day.
I figure that 3/31 means 3/31 and I just don't get the alteranative chatter.
What is your opinion of these two ideas, which I personally view as being deliberately inserted into the conversation to generate FUD?
What do you think?
Imperial Whazoo
I'm a bit unknowing as regards abbrevaitions sometines used.
What is CE, in your post? And as regards fins, am I correct that what you are saying is that, in the next day or, at most 2, there is a scheduled/expected financial filing that everyone is watching for?
TIA
Imperial Whazoo
Why Monday? Did I miss a date target or something? A link to the basis for Monday would help. Bear in mind that, it may sound like I'm challenging you, but I'm not. I'm just without the info that I would suppose exists and I'm looking to get the blanks filled in with buttressing info.
TIA
Imperial Whazoo
Thats a lot of wasted $$ to spend doing a scam, LOL. If they are doing a scam, and if anyone needs proof of the incompetence of management as regards financial decisions, it seems to me that the idiocy of running a scam and spending 22K on a new building is monumental proof, LOL
So, I guess its kinda obvious this is not a scam, then isn't it?
If this really was the alleged scam that is so tiresome to be bombarded about, then you'd think they would have built a cardboard and paper mache one sided movie prop rather than a 220K building, LOL.
Scam.... yeah.... that kind of setttles THAT idiotic contention for good, LOL.
And also.... They built the thing and yet the special interests lobbying to convince me there is nothing going on as regards the buisiness they are in....
....where exactly does that leave their contentions exactly? LOL
I'd say that all this insistenace that we have to get concrete numbers and run ticket stubs and documentation regarding volume sales quantities affixed to calendar times and limelines and so forth.....
Their bankers obviously felt they have something worth financing, I'd say.... to the tune of 220K, it so appears.
Dead issue number 27B..... tiresome stuff we all endure isn't it?
Imperial Whazoo
Yeah, I found that post odd, to say the least. ROTFLMAO
I'm in both so its six of one & half dozen the other from my point of view, so i'm watching the climb and I can definately tell everyone that there is absolutely zero truth to saying the other stock is going south, LOL. Really, very funny stuff. It never ceases to amaze me....
It sure would be nice to see MJNA benefit tomorrow. Thats for sure.
Imperial Whazoo
And every time that happens, I look for the admission from the trumpet blower that the goop that the other company generates is not ready for use, whereas the output from JBII is perfectly useable fuel of a variety of kinds.
The glop the other guys generate is viscous oatmeal-consistency crud.
I'm far from the sharpest pencil in the pack, but even I have the ability to reach the obvious conclusion that, whereas one company generates usable output and the other does not, it logically follows that the ready to use stuff generated by JBII is better than the unusable crud generated by the other company.
Listen, I wish the competition I had back in the day, when I sold high end document imaging database systems for a living, had been as glaringly inadequate by comparison to what I sold. If the comparison had been this obvious, I would not have had to work so hard to make a living, LOL.
JBII puts out usable output.
The other company does not.
What on Earth could ever cause me to conclude that the other company is even worth mentioning?
Imperial Whazoo
I think people bought yesterday in spurts because there is a 2 day traveling road show up there in Manhatten.
EDITED: its been said today that yesterday saw buying only at the EOD. Untrue. Simply untrue. Actually, there was a run up in the AM and one at the close. Obviously, its also true that the runs, happening twice, comprised the bulk of the buying, so obviously somebody liked it enough to step across the bid and buy at the ask. Obviously. And further, the volume yesterday was much bigger than is being admitted to around here. Yesterday's volume was not feeble. In fact, it was impressiver, and it was the largest by a good amount, since 3/1/12. Facts, regardless of much of what is said around here. Facts. Two periods of buys at the ask. Large volume. Facts.
Somebody has it being reported that there is some meeting in a hotel on a single day up there on Long Island. Thats not what I was told. I was told it was a traveling road show over a two day period up there in New York city. Not out on Long Island. Not a single day. Not some conference that folks have to leave their office to travel to. Not a day-sacrificing out of the office thing, but a traveling road show where SFMI is calling on a handful of well heeled brokers and accredited investors in the NY city area.
and when I saw spots of terrific buying yesterday, I attribute the spurts to interested buyers having had info on the company, and the ongooing events surrounding it, brought to their attention.... and they stepped across the book and bought at the ask.
In plain terms, its obvious that somebody saw something they liked, if for no other reason that the price is an outrageous bargain at 4 cents.
I mean, really..... are the dyed-in-the-wool opinionists REALLY going to try to contend that there will be no drilling on War Eagle mountain this summer?
Really?
REALLY?
And when the drills do their thing, are people actually going to try to tell the world that there will be no monster veins exposed by the drills? No thick, rich, long, concentrated veins of gold will be exposed?
No core samples showing massive bonanza veins?
Really?
4 cents, huh?
And so, we have a traveling road show focused like a laser on showing selected brokers the potential, and there were spurts of buying yesterday.
Gee.... I'm just cowbow from Texas... what could possibly be the cause of the spurts of buying at the ask?
Duh!!!!
This is not a mystery because the real truth is that the mountain is going to get drilled this summer and the results will be bonanza and some of the folks being visited up there in NYC have the common sense to realize that there is far more that 4 cents worth of value here.
Thats what I see and thats what I think.
Imperial Whazoo
You are correct about the impact a pre-market PR could have but I'm hoping they are not just now crafting it. I hope they did that already. After all, they knew about the data of which their filing today consisted so there is no reason for them to just getting around to fabricating the requisite PR.
Here's hoping it does good things tomorrow. After all, they have a solid team that has systematically recovered the company to profitability and they are finally there. Finally profitable.
And they have that Q2 deal you reference. Not shabby, if you ask me.
Go baby go!!
:o)
Imperial Whazoo
Making price rest at .236 m/l. Lets see.... .236 - .04 close today is approx 490% gain over today's close. I like that.
Run, baby, run!!
:o)
Imperial Whazoo
I hope its early in the week, if for no other reason than that it gets jammed up if lots of companies wait till the last trading day of the month. So earlier is far better than later, I'd say. Greater visibility.
Imperial Whazoo
Just finished reading most of it. I like what I see. I wish a lot of my other pinky picks were this solid, LOL.
What does the concensus of opinion around here think the price to earnings ratio ought to rest at? 10X? 15X? I hope its atleast 10X.
Imperial Whazoo
How sure is it that we will get these this week & if so, end of week?
TIA
Imperial Whazoo
I am confused. The 8th of Feb was a terrible parabolic down, not up. I read your comments to be referring to a day (or several) involved in a parabolic up, not down. I was openly seeking to compare CDOC to the stock you referenced and my assumption was that the empatic day (or days) would be up, not down. So, pointing at 2/8/12, a parabolic falling knife, is incomprehensible in regards to this. Please explain.
TIA
Imperial Whazoo
Why do you say 2:30? And is that East Coast time?
TIA
This sounds interesting, You said:
The more information uncovered this weekend... The more I found it hard to believe something very big isnt in the very near future.
You think it will attain that level as a parabolic move in one felled swoop or do you see a multistep staircase over a multi-month timeframe? For example, did the stock to which you compare this do it in a parabolic or a starcase manner?
TIA
Imperial Whazoo
I have no intention of doing the scared newbie dance, LOL. First off, I'm only a newbie to this stock, not to the ways of the stinky pinkies. So, if the MMs play folks for fools, I'm savvy enough to know how to cost average down. In fact, they do everyone excited by the impending announcements a big favor by spooking folks into dumping at progressively lower prices. So, bring it on MMs. Come to pappa!!
Imperial Whazoo
You know more than the rest of us combined, LOL, so if you say so....
I'm newly into it. Looks like somebody is deliberately driving it down right now, which means the MM sharks may have spotted us and will commence short selling tactics to spook people out and grab illicit gains by disreputable behaviours.
Sign og having arrived, LOL.
Imperial Whazoo
She should be tight lipped about certain things, but putting a more specific date on the Q would not constitute insider info, you realize. However, since she just said to expect it this week, there is proly no way to know whether it will be near the end of the week or the front. As a rule, its more likely to be jammed up against the end because everybody pretty much behaves that way. It gets congested when everybody comports themselves the same way so I hope they do it sooner than later so they stand out more, but as a rule, the end of the time allotted is when everybody does things.
The news of the deal announced last week will not be in it because that income just got put into the mix, folks. That does not diminsih its tremendously optimistic nature one bit. I bought because of that news, plus the presence at the trade show. CDOC has stature and uniqueness, IMHO, in its niche.
It was icing on the cake to hear that there is going to be a Q out this week.
Imperial Whazoo
Thanks for that info. Is he saying whether its going to be towards the end of the week or nearer the front end of it?
And what day did you get his comment? Was it last week? I take it you called the company and talked to him directly, right?
As to the Q being helpful, what is the sense of everybody about the numbers?
Is it looking like the numbers of which the Q consists will be good, medium or bad? I'm expecting good to excellent, but the reason I have for this expectation is just the generallity of the overall comments being made and I'd rather stand on some kind of heads-up that is more substantive than just a general feeling.
TIA
Imperial Whazoo
When you answer a question about a chart you already drew, its not the same thing as asking for "another" one, if you want to be precise. I never asked you to do one. You'd already done it and it just needed a better explanation than was there at the first.
If you want to see something interesting though, look at the set of stocks in the following list:
CSIQ
STP
JASO
TSL (above 5.00, so its out of your tracking range)
Three days ago, every solar stock I had a look at (including these) all did simultaneous high volume bulllish engulfings.
Really cool, if you ask me. The whole sector stepped up to the plate simultaneously.
Think it means anything?
Look at TSL today, BTW. Its running back up to retest the top of the candle that day gave us.
CSIQ, JASO, & STP are still languishing today, after having failed to follow thru on the bullish engulfing, but TSL is on the move.
What think yoe?
THNX
Imperial Whazoo
I guessed as much about the topmost one but the bottom one was inapparent.
Sometimes, I break a chart into intraday minutes like 10 minute bars and I look left over however many days and I create a volume band the pretty much says that the levels of the two parallel lines demark a high volume point at the top of a range and a high volume point at the bottom of it. The idea is that, within that parallelism, there is internal volume based support and resistance, but, like I kind of said before, in the chart you provided, I discerned that you had to be doing something other than that, which you have now explained that is the case.
Thanx 4 the explanation.
Imperial Whazoo
Nicely done chart, but let me ask this: what are the two parallel red lines that feed over to become green parallel lines?
When I do this kind of thing, high volume parallel boundaries is what I do but I fail to see that being an explanation in your case. So, would you elaborate?
TIA
Imperial Whazoo
Followed you over here from the SFMI bourd. I was unaware of this board and am glad to have found it.
Check this link out, will ya?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67234497
I maintain the following is true: SFMI could have terrible precious metal content in their piles and be grinding it up in their mill and still be way ahead of the game regarding other companies who took a traditional approach and drilled for years and generated a 43-101. Further, I contend that there is nothing the least bit bad about doing it the way they are doing it.
As a matter of fact, it is a very smart thing for them to have taken the road nobody else even though to try.
Anyway, the fact is that the link shows lots of producing mining companies to make the point that ordinary producing mining companies trumpet the tremondousness of their resources, but the quality they crow about is not better than what SFMI has ready to go, above ground.
I maintain this is a very important fact about SFMI that gets lost in all the perpetual bad mouthing that goes on. My post is to drive home the point that SFMI has better results out of its above ground piles.
BTW: I started looking to see if other companies are going to use old piles and guess what? Lots have begun to try it. Looks like its going to become a lot more commonplace. And there's even a giagantic S. African tailing site that some company has contracted to harvest on a truly grand scale.
SFMI was way out in front on this, LOL.
I like what I see in the business plan SFMI employs, thank you very much, and for the life of me, it makes absolutely no sense to forever point out that there is no front-loaded drilling for years and no 43-101 as a starting point.
For mast companies, the standard path is necessary because nodody much has 800K tons of piles, like on War Eagle mountain. So everybody else is condemned to have to do a 43-101 and multi-year drilling programs (both at a huge cost) to define things. SFMI can start with rock ready to exploit that is already above ground. (AND THEY DID IT) What an advantage.
With the ordinary miner, about 6 to 8 years into it, they finally get to pile rock into above ground piles that they can then grind up.
SFMI has their piles right there, ready to go.
I'm not anti 43-101 or anti drilling programs. I'm just a logical guy.
If you can grab 800000 tons of existing piles and grind them up, you do not have to spend anywhere near as much money or time to get going as any of the traditional approached require.
Thats why I listed the comparison companies in that link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67234497
Add to that the fact that SFMI's piles are, in fact, really, really good in comparison, then its like a slam dunk.
I Don't care for SFMI's management one iota. I figure they have obfuscated because they did not want to send up a flare and tell the world any more than they have to because they wanted to get control of the real estate on the mountain (and all the old claims problems) without all the old claim holders and property owners raising the buy price they would sell to SFMI for. So I figure they have deliberately played possum to try to maintain whatever low price guarantee they could manage. After all... the owner family (Pierre Quilliam) is a real estate guy and this is exactly how you fly under the radar when yo try to gain control over a neighborhood into which you intend to build a shopping center, for example.
Now that SFMI is about to file their 4th Q & year end..... and now that they are going to host a bunch of broker-types this Friday, they must feel pretty assured they have control of the mountain to a necessary degree. I would not be the least bit surprised to see them change PR practices. We can hope, LOL
Anyway.... I refuse to lie to people about SFMI being a bad company. They are a management team I despise, but as to precious metal content and so forth, the fact they are not built around a 43-101 and drilling programs that take years to do is irrelevent. I feel I'd be a liar if I said that SFMI was a crummy company over the 43-101 and drilling thingy. They have rock that assays well and they have built and currently operate as a producer. they are doing just fine and I refuse to lie about it, LOL.
I like the board I tracked you down on here. Thanks for the shout out on SFMI.
l8r
Imperial Whazoo
Well, same here as regards TDA, but the idea I flagged was that of a database that works in conjunction with a datafeed.
In the instance you note, then, what you are talking about is a level 2 as opposed to an actual datafeed database of level 2 ativity that can be employed by databasing the streaming data..
I code AI autotrading apps and I am unaware of any such service, and when you called it a database, my ears pricked up.
I use TDA but its not a database of realtime activity by any means. Certaainly would require code to sit between the ticker and the app, thats for sure.
It was hopeful for a minute there, LOL, that there was a tool I am unaware of that let me scrape data in real time into some kind of database but if its just TDA's level 2, then I use them too and thats inadequate in regards to real time databases.
Thanx anyway.
Imperial Whazoo
You commented:
they're not on the ask (at least I don't see them with my database)
I'm unclear on upcoming dates & deadlines. When is the Q expected?
TIA
Imperial Whazoo