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.
Willy is a great name for a bird!
My neighbors have one of those birds - sometimes it screams like a woman being attacked. They are too noisy even when they don't swear!
I hope everyone here is well - winter is coming and maybe this board will pick up when we are all back from vacations and summer.
We don't need Derf to keep this place lively, after all!
"We are only human and the gods have fashioned us for love. That is our great glory, and our great tragedy."
-George R.R. Martin
I will be bidding in the trips and that's exactly where it's headed. No bash, just fact. The shares hitting the market are killing the price. IF (big if)anything is announced soon, I am willing to chase it, but with a reverse and a doubling of the AS pending I don't think they can find enough good news to move this very fast, so the chase will be a jog not a sprint in my opinion.
This is not an investment grade security in my opinion. No stock is until it has revenue. Right now there are speculators here and most of those have been chased away by the Reverse Split/AS increase announcement. So, what is here is a speculation that will either announce revenue and MAYBE become investment grade at some point in the future or just another pink sheet share selling entity. There is time to watch for signs of where it will go. In my opinion it is not prudent to own this stock at the moment.
Diamonds, you say. How much and where do I send that Money Order, my prince?
Whilst I wait, I will see if GDSM can sell me some of that gold from their billion dollar reserve to mount those diamonds in. Whilst they mine investors' wallets, they are testing 5 gallon buckets of surface dirt so it is just a matter of time until they hit the mother lode! LOL!
So Anti-Terrorist stuff is their schtick, is it? I almost never pay attention to what is touted as their business. That's even funnier!
I have been seeing "whilst" more and more frequently lately. Maybe the usage of the term has increased since the Olympics. Or, maybe they are trying to throw the terrorists off their trail by pretending to be British and located in London!
That is seriously funny and so sad at the same time. You do realize that at least 80% of the people "invested" there will believe the terrorist stuff, don't you?
The constant increase in the OS is the news here. It is important to trade on the facts, not the story. The facts here speak for themselves and are exactly why this stock is trading sub-penny.
The facts here are - stock price is down over 75% since March, there has been constant dilution, there is toxic financing being converted, and from the company's need to do a 1 for 10 reverse in addition to a doubling of the AS, it is apparent that those toxic financiers will be converting more shares than the current share structure can support.
Now, the story here is that we have a benevolent CEO who is building a great company and doing it in spite of the screw ups of the last CEO. He cares about the loyal long shareholders and hates flippers and traders. Seriously, that's the story. Anyway, trade on the facts but remember the translation for "Safe Harbor". It means, "we can lie to you and it's legal because we included this statement."
So you think SRGE is a play tomorrow?
I hope you saw my last post on that board before it was deleted.
And Good Luck with SRGE.
No wealth re-distribution here just trying to look into this one and post some relevant documentation that might be helpful to someone else who is also researching the viability of this company. I haven't really put any kind of spin on what was posted but I do have some familiarity with mineral properties. Anyone who is better at Spanish could read the court notes and rulings and share that. I get about every third word when reading though the proceedings and rulings but Southridge is not mentioned in any of them as far as I can tell. Maybe there is a link to your info you could share?
I am looking at this stock and have found that Southridge is not a named party in the litigation discussed. The litigation is between two other companies. Also, I have reviewed the information that lists the 12 properties in this concession. Two things stand out from this research
The fact that there are 12 parcels involved in the property collectively called Cinco Minas. There is no indication of which of the 12 parcels Southridge is working on. It seems that since they are not named ANYWHERE in the litigation, their parcel may not even be part of this dispute.
This is just a FWIW post -but here is a link showing the 12 parcels and some other relevant info regarding this long-term and ongoing litigation which does not involve Southridge.
http://www.banderagold.com/projects/mexico/propertyConcessions.asp
I hope you are right and mortgage free soon! I was really expecting a PR at open today that included some clarification and some reassurances from the management of this company. Since that was not provided, the long-term holders here will continue to be patient and supportive and the traders will continue watching this and trading other things for awhile.
The best quote from the 14A yesterday:
Management believes the Company’s current capital structure is simply too large and cumbersome
Accum/Dist and money flow tell the story here - still waiting to get back in. So far it's been a great plan.
And I do like the thought process that the RS and AS was a 'head fake' to move those debt holders, come to think of it there wasn't a date on that upcoming share holder meeting??
But, with that being said I can't image WGAS would do an SEC filing to do a 'head fake'.
So maybe the reverse and increase in the AS were announced to encourage the debt holders to convert and sell now so the loans can be used for something other than paying them off? Interesting.
I still think this will go lower before it goes higher and will keep an eye here for that to happen.
Thanks again, interesting perspective. I am not as clairvoyant as you when it comes to reading the mind of Tony!
The OS has been increasing constantly here. I just find it interesting that this is still happening with all that financing just around the corner.
This is an interesting stock and it just might be the one that creates wealth for investors but anyone would be foolish to sit on a large position here without trading a portion of it right now.
And, thanks for all the research and insightful opinions you post here. I skim the posts and mostly just read yours and a couple of others so that is why I tend to respond to you.
I think the traders all sold on the last run and are just observing now.
I disagree, if the trading today was debt conversion they would be selling it down for a more favorable conversion on the next batch without regard for the chart. The seller(s) today takes the time to paint the tape back after a big dump so it's someone who is interested in selling and buying over and over and over in my opinion.
Again, when the debt gets sold it will be quick and it will take the stock down to a much lower price. If I recall the terms correctly conversion here is at 50% of the lowest price for the 5 proceeding sessions but I may have this confused with another one? With those terms it would be foolish to try to keep the chart in tact.
Maybe someone could update the ibox here. As of 3 pm today the OS is 293,622,867. Just so those who are watching the trading for a possible entry/re-entry will see accurate info.
And FWIW I don't think this is a debt conversion seller today, it is not in their best interest to keep the chart in tact. This looks like loyal long flipping a portion of a position (s) but maybe I am mistaken, just spent a moment looking at time and sales after calling the TA.
When the debt conversions start again it will be sub penny. Well, unless there is a big announcement that doesn't include the words "reverse split" or "double AS".
TIA
This is not to be discussed here - only good news. Yeah Tony - oil flowing. Revenue soon to follow. Don't worry about the billion shares behind the curtain or the fact that part of them were purchased by you and then taken back. Minor details, Pre-14A filing is meaningless. They just needed to waste some time and paper that day. No worries here -
Name a stock in this market where that has happened. They do open at the 10X price and it's all downhill from there. The way to trade a newly reversed stock is to wait for the bottom and buy it to trade the bounce and then watch to see if it recovers - most don't.
The facts are in the filings. I respect the fact that filings are made here. As a shareholder you deserve the respect of the company. If a shareholder chooses to give away shares there are some excellent non-profits to donate them to.
The AS here is low and could certainly be increased significantly with the market cap this stock should have when the revs begin - I will never support the reverse split. That is a stinky pinky play and Tony is better than that maybe?
I have resurrected my pom-poms. There will be no reverse split. There will be no increase in the AS. But, just in case there is a vote, vote NO! Ha!
Whatever date the company chooses to place in the blank space on that filing.
Now, I have a question for you. How many times have you seen a pre 14A filed and not seen a reverse happen in this market?
No stock guru here and not trying to influence the share price just discussing the reverse and hoping people will see it for what it is - theft of something they bought and paid for.
There are so few companies in this market that actually have potential to do anything other than sell toilet paper shares and this seemed to be one that broke that mold. Maybe it still is but a reverse in conjunction with a doubling of the As is a giant red flag for anyone who even dabbles in these pennies. Maybe the vote could be this - anyone who willingly wants to give back 9 out of every 10 shares they bought can do just that.
Reverse splits on any stock constitute legal theft in my opinion and this one is scheduled for the future so there is time to influence people to vote against theft.
Some of those stocks are old friends that I hold close and others were great trades this year that I just like to remember! Your dd will tell you what is what. But it is an awesome list when viewed in context!
GLTY!
Actually it was after - the pre 14A came out Friday.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8802308
The announcement of the non-equity funding was earlier in the week. That announcement seemed to be tied to the run the stock had on Thursday.
Absolutely Officer K. Fingers crossed for all the flippers/traders/investors and for the company to generate huge revs and reconsider that 1 for 10 reverse or at least for those here who are thinking of voting for it to really consider the theft aspect!
The people who bought and hold those shares took a chance and bought shares of a debt-ridden exploration company with no revenue and that is what helped it to become a revenue producing entity.
What a great reward they have received so far - share price down 75%, increased OS, pending 1 for 10 reverse in conjunction with a doubling of the AS. Is this how they benefit from their investment in a pink sheet company in a market where most never generate any revenue?
What happened to the "with great risk comes great reward" thingy?? It has changed to "we are making money and shareholders didn't pay enough for those shares when they invested so we will take 9 out of 10 of their shares back and, just to make certain we get ours, we will also double the AS." Seriously??
I trust Tony Mason, and his stewardship of my investment dollars.
Old support .007, now divide by ten, then factor in the doubling of the AS and there you have the new support number. This will be a buy in the trips, maybe. Or maybe they will hit oil before the stock hits the trips.
It seems that filing that report announcing a possible reverse and doubling of the AS makes it fairly imminent. To announce something like that without a pretty firm plan or just to lower the stock price would constitute stock manipulation, would it not?
Since all we have is the info filed and since we know the company is not manipulating the price of the stock, I will wait for it to hit the trips to re-evaluate another entry.
Good luck to everyone no matter how you are investing here and have a safe and enjoyable weekend with your family and friends!
I really hope you are right. I just find it interesting that those informative bloggings didn't even hint at this possibility. In fact there was indication that non-equity financing had been secured.
Every long on this board has skin in this game, and name one stock in this market that has announced reversals and AS increases and not done them to the max?
Maybe Tony does want to get his company out of this hell-hole of a market and uplist, but he could show some respect for those who got him this far by investing in a company on his promises. And again, I hope everyone holding long retires on this, but the odds say you won't.
I own almost 8 million shares out of 274 million outstanding.
Soon, it will be 800,000 shares out of 1 BILLION.
So why do you think they want to increase the AS to 1 billion?
With all that financing in place why would they need to double the AS in conjunction with a 1 for 10?
PR's and 8k's trump "Big Time" posts on a message board every time!
Thanks!
I don't trust CEO's are anyone else in the pink or otc...
WAG #1 - someone has lots of shares for sale with a cost basis of significantly less than .007.
That someone isn't one who holds these stocks as investments.
WAG #2 - someone is flipping the crap out of this for very small gains.
Maybe a little of both. Hope that helps.
Nice 100 share paint job after that half mil low of day dump - geez, you would think the dumper could afford a little less obvious paint while selling into the "great"news. And at 0089, much better than the last 100 share paint job at 0085 and the one before that at 400 shares at 0087 Seriously, could it be more obvious or does he think no one is watching? Not bashing the stock, just commenting. It isn't a lack of eyes on the stock, it's that those eyes are watching the trades and that pattern is not very appealing. And it goes on day after day.
I just finished reading it. Certainly it appears that Kodak is trying to make itself look more appealing, and your thoughts about that are just a plausible as any.