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The way I see it.
500 metric tons of stockpiles of gold ores
Average grade of 16 grams/ton of gold
Average Gold Assay: = 16 grams / ton = 0.51 Ounces per Ton (OPT)
(Note: 31.10 grams = 1 ounce)
Price @ $600 per ounce
Thus: 16g x 500 tons = 8000g
8000g/31.10g = 257 Ounces
257oz x $600 = $154,200 ( Revenues at hand by Sept 8.)IMO
FYI DAN. You've always wanted SMMW to trade on a board where manipulation is at its minimal.
http://www.pinksheets.com/about/pr_051206.jsp
This is where we need to go Dan (link below). But, do you think you can meet all their simple requirements?
http://www.otcqx.com/launch.html
I have 28K shares on this one since "2 weeks ago" at 1.03 and can't complain. just impatient coz most of the companies i've ever invested in and got bought settled the agreements within a few weeks.
I know. I got dizzy while trying to read my own ideas about the PRs. That's why I'm now confused. Kinda like hypnotized
The only thing I hate about this company is when they issue a PR, stating that they will issue a PR, which will announce a PR of the previously issued PR, to the fact that a PR will be issued, subsequent to the issuance of a PR. They also issue a PR stating that a PR will be issued as soon as a PR that announced that the already announced PR will be issued, as soon as a PR is available.
Mmmmm I’ve become skeptical now because of these PRs. Please help. Anyone?
True. I was there and made some Kaching. But that was a different scenario (Technical Short)... I'm still IN with my 250mil shares even though we very well know that it will take Net Income (not to be confused with revenues) for me to become a millionaire. Chiao!!There is nothing I can do for now. I held TIE for over 3 years and wound up OK. Therefore, I can hold this one for 4 years just to break the record for holding a stock.
Beta coefficient is a measure of a stock's volatility in relation to the market. By definition, the market has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market. A stock that swings more than the market over time has a beta above 1.0. If a stock moves less than the market, the stock's beta is less than 1.0. High-beta stocks are supposed to be riskier but provide a potential for higher returns; low-beta stocks pose less risk but also lower returns.
Beta is a key component for the 'capital asset pricing model' (CAPM), which is used to calculate cost of equity. Recall that the cost of capital represents the discount rate used to arrive at the present value of a company's future cash flows. All things being equal, the higher a company's beta is, the higher its cost of capital discount rate. The higher the discount rate, the lower the present value placed on the company's future cash flows. In short, beta can impact a company's share valuation.
I love reverse mergers (RM). I will tell you why in a few minutes, as soon as I'm able to load up some shares.
Can anyone tell me why ONCM has been moving in the past few days? I don't have time to DD, but I also don't want to miss on the ride. Anyone?
Thought of the day
News junkies often make bad investors, says David Dreman in Forbes . Those who "react to every news release like Pavlov's dogs" almost always get "hammered" when the trend shifts. So pick long-term investments you won't be tempted to change every time new information is released on gross domestic product, industrial production, housing starts, or the money supply. "Reacting to it will just shrink your net worth while adding to your broker's."
Well, I always make my drafts on MicroSoft Word. Then, I would copy from and paste the draft. But this time I did it twice. I do not work for WNCP. Just a bagholder.
Those are exactly the same numbers that I came up with. At first I thought that I was wrong, and therefore recomputed it, but hey, calculators never lie. I'm glad you did the calculation as well. Algebraic analysis is always good in any sort of investments. Good job. If you ever feel depressed, just look at "TRE" and it will make you feel better. Being on PAIM for me is now confirmed as a strong hold. IMO. I could easily hold this one for over a year to enable PAIM to use my funds for operations. With any sort of Net Income by the end of the year, PAIM could easily see $0.35 IMO
It's called "consolidation" or "accumulation". IMO, Investors are loading up quietly without the company getting involved in any buybacks or without any insider purchases. Then, the shares dry up at these low prices of 0.0008 - 0.0009. Suddenly, kaboooom...PR comes out saying 'WNCP has finalized its first oil production contract. The Arco test well on the adjacent property resulted in 140 barrels of oil per day and 1,400,000 cu. ft. of gas per day." …..And guess what, the day traders, MMs, and investors coming in at this time will have to pay over 0.001 for your share in order to play, and since demand for your shares will be high, Shorting WNCP will be almost impossible, and we could easily see .02 even without PR saying that drilling has commenced. Do not forget the yellow stuff (Gold). The average nugget exceeded 1/2 oz per piece. Collection from 5-55 gallon drums of mine tailings exceeded 2 1/2 lbs of placer gold at 68% purity. The micron samples from the tailing accrual are averaging approximately 3 oz's gold per ton, and 2.5 oz platinum per ton. Management believes full production should increase overall production by at least 4 times the present test runs.
IMO, It is time to accumulate at these low prices, but wait for me, I need to free up some cash coz I want to go in “full throttle” on this one. Did you see what happened in the past 3 days? The gains were up about 15% on 20k volume on open. Can you imagine when it starts moving with opening volume of millions of shares? I am seeing a 10 bagger in the month of September It's called "consolidation" or "accumulation". IMO, Investors are loading up quietly without the company getting involved in any buybacks or without any insider purchases. Then the shares dry up at these low prices of 0.0008-0.0009. Suddenly, kaboooom...PR comes out saying 'WNCP has finalized its first oil production contract. The Arco test well on the adjacent property resulted in 140 barrels of oil per day and 1,400,000 cu. ft. of gas per day." …..And guess what, the day traders, MMs, and investors coming in at this time will have to pay over 0.001 for your share in order to play, and since demand for your shares will be high, Shorting WNCP will be almost impossible, and we could easily see .02 even without PR saying that drilling has commenced. Do not forget the yellow stuff (Gold). The average nugget exceeded 1/2 oz per piece. Collection from 5-55 gallon drums of mine tailings exceeded 2 1/2 lbs of placer gold at 68% purity. The micron samples from the tailing accrual are averaging approximately 3 oz's gold per ton, and 2.5 oz platinum per ton. Management believes full production should increase overall production by at least 4 times the present test runs.
IMO, It is time to accumulate at these low prices, but wait for me, I need to free up some cash coz I want to go in “full throttle” on this one. Did you see what happened in the past 3 days? The gains were up about 15% on 20k volume on open. Can you imagine when it starts moving with opening volume of millions of shares?
I like revenues, but I prefer Net Income.
DANIEL BURGESS. In addition, we might not have a clue of what you guys (insiders) own, but Americans are becoming savy investors day by day. The PPS will hardly move unless you guys retire some of those shares you own as insiders. I would personally never trust officers who own billions of shares of any particular stock. Get the entire team together and retire a chunk of what you guys own and this thing might move even without major buybacks. Listen to the advisors who have been around the block several times. SMMW is a public company and it can easily go "under" if you guys are not careful. IMO
DANIEL BURGESS. This one is for you. We all can see that you have the guns (bicep Muscles) as per the photo on top of this board. I have them too, and, as a matter of fact,I am in the process of opening a killer gym. But I would advise you to stay away from the gym for a while and start working on the audit. I am an investor in SMMW. I can easily read in between the line. I do not know whether an unfavorable audit opinion would be the cause of all this calculated delay for the report release. However, SMMW is trading at 0.0001 and an unfavorable auditor's opinion would not have any negative effect on the PPS, especially now that we have no bid whatsoever. Please stay away from the gym and from the horses in order to facilitate the release of an audit report (nomatter the outcome). I know SMMW has the funds for contracting with a CPA firm to get this report in process. If things stay the same way as they are now, we would never see a bid in the next 2 years. Minimize the amount of PRs and only issue significant ones. P.S. Audited financial reports have much more credibility than unaudited ones.
I was wondering that if I, and a few buddies came up with this amount, do you think that we could be the majority shareholders? Thus, control the company? I don't think so. Which leaves me to believe what gorbec said that they (insiders) have more the 65%, knowing well that if someone got a hold of the entire O/S, he could have total control of the company. I was just messing with you. I don't have $7 million. But I wish I was the majority shareholder in this one. I am seeing something that just a few other people are seeing in this one. What I'm seeing is "Potential".
If you had $7million in you bank account with no obligations attached, what would you do with it?
That is possible. But it do not want SMMW to get stuck at 0.028 on the pinksheet, because of the volatility and possible manipulation by others. I want SMMW to move to the big board where it can maintain a PPS above $1 and stay there.
I agree with you on that.
U would be surprised how many Officers in various companies keep an eye on what's been said at ihub.
Let's wait and see what this coming week has in store for us. May be they have something up their sleeves. May be they've been listening to us, or may be they already had all these ideas because of the new TA (plans of what we've been talking about). Who knows. I like short runs, but I prefer longer runs.
Hi Sirant. You wrote "Dan said his goal would be to get the o/s under 60b and he and insiders own 45b that leaves 15b. if he can pull that off we run to .05 easy".
Here’s my response. I would compliment Dan's effort, but O/S of 60Billion will still keep this stock at 0.0001. Remember that what the insiders hold is part of the O/S and they can sell whenever they want to. They've done it before. Haven't they? If they retire what they have on their personal portfolios, then I might get some relief. This stock will need to have O/S of less than 3 billion shares IMO. 1 Billion O/S would keep the PPS stable at a higher price. The company has revenues from some of its operating units and there is no sense of it all if the O/S is so huge so as to swallow the company's valuation.
The CDs would sometimes carry a "Restriction" tag. The restriction disclaimer is the "big" catch here. Volume up tick would not be as a result of dilution because the CD are restricted, and until the restriction has vested (Vesting period could even be 5 years depending on what the company wants), the PPS improvement would be due to ordinary share purchased on the market. And as MSEED mentioned, as soon as a small move on PPS happens, then the Naked Short issue kicks in and drives the PPS even higher. The company could be trading at .0022 even without revenues. (PAIM has never had any revenues and it's trading at 0.0023. SMMW has revenues and hopefully if it turns into positive net income, then the valuation would be because of EPS. IMO, in 5 years, this stock could be trading at the big boards at about $5 if they implement a substantial share reduction, say 95% to be retired, or conversion of common stock into another financial instrument with some kind of restrictions.
Mugsy. I forgot to add this. I f SMMW chooses to follow PAIMs example, then:
SMMW will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01.
Mugsy5. Assume you had 10million shares. The company would issue you convertible debentures, meaning that they would be converted back to common stock after certain conditions are met. The company would give you debenture certificates and takes away your shares which they would then retire in order to reduce the outstanding shares (O/S). With fewer O/S the stock would move easily because valuation of EPS is the earnings divided by the O/S. You would later convert your certificates back to common stock after a few years at a favorable rate.
Here is an example of what happened with PAIM
If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. Same case would be for SMMW if they chose the same terms.
I bet you that if the new TA is the same one that hepled PAIV out, then we shall see something like a buyback with CDs attached to it. Mngt better listen to this TA's advise.
You are right on the money. If SMMW does exactly what PAIM or PAIV did, then a run would be guaranteed IMO.
makesumgravy. It seems like we both have the same interest. I also see King as the moderator here. Someone just posted news on Wineco on the PIAM board which caught my attention. I took a few minutes to do a little DD, and I like what I read. Do not worry coz I should be a bag holder on Monday. I put a limit order for a just few million shares so as not to miss this train. Hope this board will be fun and free of ______s (Fill in the blanks, it's a 6 letter word plus an "S" at the end)
Serfdom. I had promised to do my own breakdown as to where I think the PPS for PAVC should be in 1 year.
P.S. I am using industry standards and prior performances.
PE = Price per Share/EPS
EPS = Net Income/Outstanding shares
EPS = (400,000/282,000) = $1.42
Industry PE of 30 = (PPS/1.42) = $42.60 PPS in 1 yr
IMO, PAVC would be trading at about $42.60 within a year. If we see a net income above $50K this coming Q, then buckle up because the short play will definitely kick into gear and we could easily see $50 within a month or so. IMO
As you can see http://finance.yahoo.com/q/is?s=PAVC.OB there is a potential for the company to make a net income of $400k within a year. Using the regular O/S numbers of 282k O/S http://finance.yahoo.com/q/ks?s=PAVC.OB, and an industry PE of 30 http://biz.yahoo.com/ic/754.html then the PPS at the end of the year could be as indicated above IMO.
That will work too. But for SMMW, 99% as buyback with convertible CDs would be safer for all of us. This would rush other investors into joining the already moving PPS, and I would personally buy some more shares too.
If management owns 70% as you said, then they need to retire 65% of what they have for the sake of the ordinary investors. Investors are always skeptical when mngt owns such a big chunk of O/S because it (mngt) may one day decide to start dumping because of personal issues or conflict within themselves. It has happened before. If Management cares about the investors and the PPS, then it would do what is right in the eyes of grandma and grandpa. We can compensate these officers later when we see the PPS up and a gradual growth relative to EPS and PE ratios. I am willing to sacrifice some of my money for SMMW to hire a financial advisor for now. Yes, these officers all attended college but I still think that this financial aspect of handling the buybacks should be handed over to an expert for further advice. IMO
This is the only way out.
Assume 71billion O/S
The company needs to get a $7million secured loan at about (APR will depend on the company's credit score). Or even borrow against its compensating balances, and then buy back 70billion shares which should be retired immediately. That leaves 1Billion shares outstanding. Management should not be allowed to hold more than 5% of the O/S (I would vote for this so that even if they dump the 5%, it would not have any effect on PPS). By the way, these officers are well paid IMO. Now guess what will happen to the PPS. It will definitely shoot up. The revenues from all its affiliates should be consolidated and pay off the $7million within a couple of years. The higher PPS will of course improve the market capitalization of this company, and its affiliates would be in good shape. Interpret it as you wish, but this is the only way out IMO. All we need is $7million. A private placement would suffice too.
Sounds like a good advice to me. He probably might wake up this time.