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no, BUT THAT question is also a viable question we are discussing and its up to each brokerage to allow trading based on how OTC markets designates their status. So if we achieve Pink Current, we should be able to trade again, we dont have to be SEC reporting.
I think you are confusing topics here. I am talking about private placement shares which you would not be holding in Schwab or whatever brokerage b/c you hadnt deposited them yet - that is the process that I am referring to - I am saying you would deposit them thru Glendale. Now I actually tried going to Glendale's site glendalesecurities.com and am getting "You don't have permission to access this resource." on my browser and I have no idea why, nothing's easy I guess, I'll have to check with my buddy on that.
sorry for my lack of clarity. I have been conversing with different people on various topics on various forums and its all jumbling up. When I said that, I had saw a change in the profile online for Mirage, at least I thought I did, and figured we'd been cleared, but after looking again it doesnt seem to have changed and there's no history of profiles I could find. But on top of that, there is no "Verified Profile" which is a requirement for Pink Limited or Pink Current status and so I have informed the company of this and am told it will be addressed, should be very easy to do. The other thing needed are the filings but we've been told they've been done for a long time now. Actually that brings up the fact that we now are due for the yearly report which would be due end of October, man we just keep falling farther behind, but we can definitely catch up it just gets more daunting by the month. Nobody from OTC markets told me anything, in fact they are sort of nebulous when contacting them, getting a "straight" or complete answer to detailed questions at least for me hasnt been trivial.
I have done research,and a buddy of mine has actually done quite a number of transactions on Pink Sheet non-SEC reporting companies since he gets paid in stock often, and has had no problem getting the certs deposited as long as the company is reporting, but there is a price tag and lots of paperwork for doing so (and a one year hold which everyone would have at this point for Mirage) and the cust service is excellent - in his case he uses Glendale Securities who goes thru Wilson-Davis behind the scenes. but there are probably other options as well.
I did check with Fidelity and their criteria is strange - $10 mill market cap, share price must be minimum .25, and pink sheet non-SEC reporting is accepted, so we dont qualify there until we get our share price up when it does start trading.
Schwab wont touch non-SEC reporting companies.
Innovative Payment Solutions Announces Full Global Availability of IPSIPay™ App Providing Users the Capability to Send Money to Five Continents at Over 215,000 Pickup Locations Throughout the World IPSI Now Approved to Send Remittances from All 50 U.S. States
CARMEL BY THE SEA, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions(IPSI), Inc. (“IPSI” or the “Company”), a fintech provider of digital payment solutions to both business owners and consumers, announced today that it has completed the key integration of its IPSIPay mobile application and back-end payment processing infrastructure through its commercial partners.
This major achievement allows IPSIPay users the ability to easily transfer money and make payments through the IPSIPay app throughout five continents for receipt at more than 215,000 payment locations and accelerates the full commercial launch of IPSIPay that began earlier this year.
This milestone comes on the heels of IPSI’s recent receipt of approval from the State of California to send remittances throughout the world, which was the only state in the continental United States from which IPSI was still awaiting approval. The California approval is of particular significance, as California represents the largest state in the United States with annual remittances to Mexico valued at as much as $16.3 billion dollars according to The Wilson Center, accounting for over one-third of all remittances sent to Mexico from the United States. Based on Trading Economics remittance data, the total Mexican remittance market for the past year has been over $55 billion. IPSI’s commercial launch strategy for IPSIPay includes targeting the unbanked and underserved migrant community in California and elsewhere.
Further, these events solidify the opportunity for IPSIPay users anywhere in the continental United States to easily send money from the IPSIPay app directly to Mexico, or to load a VISA card associated with that account. That VISA card can then be used with no additional fee by the cardholder anywhere that VISA is accepted, including ATM withdrawals for a transaction fee.
With these key developments achieved, IPSI now plans to expand its existing marketing programs for IPSIPay to increase downloads and the number of regular users of the app, all with the goal of driving revenue growth for IPSI.
William Corbett, IPSI’s Chairman and Chief Executive Officer, commented, "Our company has achieved critical milestones as these developments accelerate the full commercial launch of IPSIPay, which now enables users of our IPSIPay app to easily send money not only to Mexico, but across five continents, significantly expanding our addressable market. Moreover, the approval in our key market of California allows the unbanked and underserved population in California – as well as that in the entire continental U.S. – with the ability to send remittances to their families in Mexico, while also allowing those recipients with instant access to the money through the IPSIPay VISA card at any location that takes VISA, including ATMs to withdraw cash.
“During the past year, we have made significant progress in the preparation of our remittance solutions through our back-end partners to cater to the unbanked and underserved. Early this year, we launched the IPSIPay app which provides the ability for users to send remittances to Mexico directly through their phones. Through various collaboration, we have also secured the ability for users of our app to obtain a VISA Debit Card, enabling them to access funds through ATMs anywhere in the world where VISA is accepted. Most recently, we entered into a collaboration with DRUID, a conversational AI technology provider, which we expect will enhance the IPSIPay user experience by using voice commands to make transactions and various other functions.
“With the largest state in the country now approved to make remittances to Mexico, our robust app and infrastructure puts us in a strong position to aggressively bring users to our platform. In addition to the completion of the California approval and global integration, we have recently signed an exclusive endorsement agreement with TV personality, actor, and humanitarian Mario Lopez to help us build awareness among the Latino community while initiating a digital marketing campaign.
“While our primary focus is towards the unbanked and underserved, our capabilities and technologies provide a competitive platform that is convenient, cost effective, fast, and secure, resulting in a competitive money transfer that can be used by the general population. We are in the early stages of bringing additional offerings to the unbanked and underserved through our platform that are currently unavailable as well as our competitive money transfer solution to the general population. With these milestones achieved, we look forward to scaling our business and bringing value to our shareholders,” concluded Mr. Corbett.
About Innovative Payment Solutions, Inc.(IPSI)
Innovative Payment Solutions, Inc. (IPSI) is a cutting-edge provider of digital payment solutions for consumers and service providers, focusing on the needs of the unbanked and underbanked. Through its IPSIPay™ app and Beyond Wallet offerings, IPSI facilitates instantaneous cross-border remittances by companies and individuals, using its robust technology platform to enable digital transactions that are convenient, cost effective, fast, and secure. IPSIPay™ app users are able to acquire VISA debit cards, as well as obtain a bank account at a major U.S. institution, enabling them to execute financial transactions through the Company’s large, worldwide merchant network.
To learn more about Innovative Payment Solutions, Inc.(IPSI), please visit www.ipsipay.com.
that doesnt make sense. Plenty of companies do private placements with non SEC reporting companies. Once they are up to date as an alternative reporter and no longer under SEC (per the 15g), the brokerages could allow it, but it will be up to each individual one and their guidelines, I will be checking on that and report back but I think we should be good.
He owns practically half the company thru his preferred shares that are anti-dilutive so he doesnt need to do that, but otherwise your point would be well taken. See the SEC fillings.
Well here we sit at a penny, if you had asked me a year ago that we'd be down here I would have said no, but, here we are. We dont control the market, but we can certaibly react to it, so choices are sell, hold, or buy, I choose buy though not overboard at this point.
right so I dont understand why they are not yet listed as Pink Limited per otcmarkets guidelines, buy I am trying to find out, right now they are listed as dark and defunct.
my understanding is that we've cleared otcmarkets and if the filings have been done months ago as we've been led to believe, we should see them show up in short order, keeping in mind we are 3 filings behind. BUT if we want to be just Pink Limited (vs. Pink Current), we can qualify by having financial statements for a completed Fiscal Year within the past 16 months, though another company I am in has done that but is listed as Dark or Defunct, so I am inquiring about that now with OTC to understand the rules better.
As far as trading, I am open to that, for instance buy at 3 cents, sell at 5 cents, stuff like that, the volume SHOULD be pretty good, there's no toxic notes which is great, and so it's just us trading amongst ourselves. I could imagine a nice trading range, but gosh darnit I really really dont know, we'll just have to see. The other thing is, is when are the various brokerages going to allow trading, I feel that that's still a legit question, could be days, weeks, or never, I just have no idea but am curious as ever to see how it all plays out. Good to have your stock in multiple brokerages (I have two) in case they have different restrictions.
Also keep in mind any private placement stock that hasnt been unlocked may take some time to do so, but there's plenty of free float stock to go around.
Sener identified 9 viable fields for gas storage
https://amp.milenio.com/negocios/sener-identifico-9-campos-viables-almacenamiento-gas
This much I'll say, IF Brasil is chosen, then we're in, I don't care which way you mix it up, on our own, joint venture, sell the intellectual property, whatever, remember the development/research that has gone into this will take many years for anyone to develop from scratch, I've seen it with my own eyes.
YESHUA ORDAZ
Mexico City /08.09.2022 15:33:13
The country has 760 oil fields, of which 46 are at their economic limit , being candidates for underground storage of natural gas , for which the Ministry of Energy (Sener) through a risk value methodology classified the nine most suitable.
During his participation in the Fourth Energy Congress of Veracruz , the Undersecretary of Hydrocarbons of Sener , Miguel Ángel Maciel, indicated that of these nine fields, six are physically located in Veracruz, and they are an area of ??opportunity to store gas to create storage strategic that allows availability.
The fields that Sener identified and that are suitable for storage are: Jaf, Obertura, Vistoso, Lizamba, Chilapilla José Colomo, Brasil, Apertura and Papán .
"Today we don't have storage, other than the tubes, only what is stored in them and it goes in the order of two days, so if we have this need to use the gas, we can store it in fields."
The proposal to store hydrocarbons in depleted fields or salt caverns has been raised in the past . In 2021 Petróleos Mexicanos (Pemex) entered the Security, Energy and Environment Agency (ASEA), through its subsidiary production company Pemex Logística , a request to make two cavities in Ixhuatlán , Veracruz , for the storage of Maya and Isthmus crude .
Caverns had previously been analyzed as storage candidates in the Acuyo field , Brazil , Saramako and Jaf , as well as an expansion of Tuzandepetl .
Another storage project in salt caverns is that of the company Cydsa , which in November 2014 formalized a contract with Pemex , to develop underground storage of Liquefied Petroleum Gas (LP Gas) in a cavern.
The Undersecretary of Hydrocarbons said that the Brazil field is a candidate for storage. "It's a depleted field that could easily be used for storage."
Regarding the economic feasibility of continuing to import natural gas from the United States or developing the Burgos Basin , Miguel Ángel Maciel said that it would be worthwhile to carry out an economic analysis that it would be better for us as a country to "exploit gas in Burgos or buy from the United States , because the gas is already purchased through CFE contracts ."
He concluded that it will be necessary to analyze whether it is better to store gas in the Brasil field as a first step, and then continue with exploitation in the Burgos Basin .
MPI
Steadily buying down here, this will rise in its own time.
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weve been in a trading range of .005 to .0075 for a while now. Management is smart, they are not doing this for salary (as some might think) only but they understand well the potential of where this is going. For me its a hold right here, if it drops in to the .005s I would buy more. We just need to get the company profitable/break even and all the acquisitions will take care of themselves, I should say are taking care of themselves in that they are going thru right now. If there is anything I have learned is that these deals take longer than you ever think b/c so many players are involved and everyone needs to come to agreement, but in my opinion the FC deal is a done deal and I am looking for news on it any day now. What the share price will do once announced I dont know, but we'll be one step closer on the business side of things, the stock will take care of itself.
well that worked out pretty good for me, turned around and wrote a lot of Sept 2.50s that will go out worthless, and even dabbled in the November 2.50s for a dime. But need to be careful b/c always a chance we get another spike and want to have dry powder to collect some nice premiums if that happens. What I was afraid would happen happened - the spike cooled off and the premiums for the next month (September at the time) collapsed by Monday when I could start writing them covered, which I did a little, but the best time was during those couple days. Really those options had no business fetching the premiums they were getting, and you gotta take advantage of the opportunity. We know the schedule roughly for future legit news on Alzamend (short of a buyout which is impossible to predict) and so the risk/reward favors the writing of options that will go out worthless, the key is being patient waiting for the opportunities to write them instead of settling for a nickel or a dime if you are desperate for cash. - sometimes better to let the opportunities pass by for low premiums b/c when you do get the spike, the premiums are double triple or more, best wait or set a limit as to how many you will write at the cheap prices and wait out for the spike for the remainder, if it indeed comes, it may not and thats ok, its all risk/reward, nothing worse that having your whole position covered and for a huge run to occur and leave all your profits on the table at the $2.50 strike.
its truly amazing I have literally never seen such insider buying (by Todd and the company) , they are following through on their commitments with the Turn On Green, and likely the Gresham spinoff, and stock goes literally nowhere, actually it goes down. Now Im just shy of 300K shares and what do I have to show for it, a lifetime avg around 43 cents/share having written zillions of call options all going out worthless, and I still am underwater, my goodness enough is enough already. At one point this has to turn around to the upside, but when.
Nope and I am not even asking I am tired of asking. If we wanted to trade bad enough, we'd be at the door of OTC Markets in New York City demanding they get this done. Like I said before, what if had actual news that had to be put out and not able to trade, its pathetic.
I understand, that's not weighing any of my decisions, simply pointing out that its in a market that not many people follow
I'll continue to buy down here if the opportunities present themselves, as we've learned that often happens.
yes but it was from a while ago and finally issuing the shares, like everything else we're often a few months behind.
thanks for posting, all i can say is that these guys are so laser focused in their field, but nobody seems to care, is it "boring" to be in (cloud) telecom these days I dont know.
Oh my gosh 12 views of the CEO speaking at the conference, so sad.
12 views
May 16, 2022
no its TODAY, TODAY is the 52 week high, wow, but we dont sit there at the end of the day, we'll get back.
unbelievable these shits what they have done, what is peoples problems, this should be on the moon by now, literally on the moon. I have bought heavily close to getting all my shares back, unbelievable, absolutely unbelievable, downright enraging really. We really should be headed up from here.
glad to have taken some nice profits and have started reloading again. this should go to the moon, maybe it needed this pullback i am not sure, or the shorting folks mentioning here, why in the world would they short at this levels is beyond me, its so risky.
its been good trading the last 6 months and its time to pick up more after this dump on Friday. Insiders are continuing to buy as well, good time to get aggressive on the buy side.
wow this has come down all the way to 8+ cents, time to buy more as this is clearly oversold.
I have no idea that's news to me, but this much I know. Intellectually I really believe we will trade in the not too distant future, emotionally I do not believe it, I have literally no good logical reason (that I can think of) why we wont trade but my emotional state of exhaustion says we dont trade. Pretty sad state of affairs.
How we didnt have things all setup and ready to go when the filings were/are ready to submit is beyond me, especially since the person or firm doing them specializes in this (is my understanding) and would certainly have advised to have our application in place. I mean what would have happened had there been actual news to put out, think about that, could we have put a "rush on" to otcmarkets, lots of laughs.
could be hard to know that wouldnt you think?
I know my exact lifetime cost of .0094 with a first purchase of .05 in 5/2020, only achievable by trading in and out a fair amount.
But I believe in the company and wouldnt be doing any trading at this level, not until we get a nice spike upwards, if indeed we get it, nothing is guaranteed.
Lack of Natural Gas Storage Said Major Threat to Mexico Energy Security
As always confirmation that our projects (specifically storage part here) are sound, but is Mexico sound?
By Christopher Lenton
August 31, 2022
Share on:
Mexico urgently needs to develop the fortitude of its natural gas industry, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO.
Mexico
According to their research, Mexico natural gas demand grew 63% in the last decade and a half, hitting 8.27 Bcf/d last year. Starting in 2020, natural gas became the principal primary energy source in Mexico.
But despite affordable and abundant gas pouring across the border, Mexico remains highly vulnerable to external shocks, mainly due to a lack of underground storage.
“The lack of natural gas storage is one of the principal risks in energy security that Mexico faces,” the IMCO team said. The country is “particularly vulnerable” to abrupt changes in the market.
Researchers cited last year’s Winter Storm Uri in Texas, which shrank natural gas imports available to Mexico and sent prices spiraling into the stratosphere.
Currently, Mexico has 2.4 days of natural gas supplies available at any given time through the country’s liquefied natural gas import facilities. This is in comparison to the 34 days of supply countries like Germany, Austria, France, Spain and Italy have available to them. Despite this, these same countries today face an energy crisis based on their dependence on Russian gas.
Mexico’s Energy Ministry Sener sees natural gas demand rising another 20% in a decade, reaching around 10 Bcf/d in 2032. Mexico, meanwhile, imports as much as 80-90% of its natural gas, not counting the domestic gas used by state oil giant Petróleos Mexicanos (Pemex) in its own processes.
More Pipelines, Production Needed
In addition to storage, “the country needs better pipeline infrastructure to transport gas across the country,” IMCO said. Although the recently sanctioned Southeast Gateway Pipeline should help, the gas network “still does not reach the south-southeast states, which have little or no access to the fuel. As a result, their possibilities to attract investment in high valued-add industries are limited.”
Mexico also needs to develop its own natural gas resources and restart the bid rounds that have been halted by the administration of President Andrés Manuel López Obrador.
“This wouldn’t replace current imports in the short term, but would gradually raise the production platform so that the country is in a better position to face contingencies such as the Texas freeze of February 2021,” researchers said.
Comisión Nacional de Hidrocarburos (CNH) Commissioner Hector Moreira said during a conference recently that “natural gas is becoming more important” in Mexico and “it might be the most important fuel input at a national level.”
He said there are 476 areas for exploration and development that haven’t been assigned in the country, and 224 Tcf of prospective resources, equivalent to 100 years of natural gas.
[Ripple Effect: Learn more about the connection between natural gas prices and oil refineries in today’s podcast. Listen now. ]
About 57% of Mexico’s prospective hydrocarbon resources are in unconventional areas, namely the Burgos, Tampico-Misantla and Sabinas-Burro Picachos basins, according to CNH. Upstream bid rounds 3.2 and 3.3, which were canceled by President López Obrador, would have made available both conventional and unconventional gas-rich blocks, mostly in Tamaulipas.
Growth Drivers
Over the past 15 years, natural gas demand growth in Mexico has been led by the power sector. During the first nine months of 2021, the power sector used 5.35 Bcf/d of natural gas in Mexico, or around 65% of total demand.
Pemex accounted for another 22.2% of demand, while the industrial sector used 11.5% of total natural gas in the country, down 6.9 percentage points from 2005.
The residential sector in Mexico remains a tiny user of natural gas, accounting for about 1% of overall demand. Only 7% of Mexican households have access to natural gas. Overall residential use has actually declined since 2005.
Meanwhile, natural gas production has fallen every year since it peaked at over 5 Bcf/d in 2010. This year, things are a little better. Mexico’s natural gas production averaged 4.1 Bcf/d in July, up from 4.04 Bcf/d in June and 3.86 Bcf/d in July 2021, according to the latest figures from CNH.
I dont necessarily have an issue with the CEO turning this over to PR firm to handle communications, in theory it should free up the person to do what they need to be doing and not get distracted. As far as wasting enormous amounts of money I dont think we have any proof of that, and as for electric vehicles in CA where they are headquartered, that is sort of par for the course, though if I read that PR, it was only one vehicle?
As far as the PR firm doing their job, I dont get the feeling that they are "in tune" with the nitty gritty details of the share structure and the like, but they probably should be.
I personally believe/trust that the CEO is a lot more focused than they let on/that we know, but anyway, your concerns are not out of line, I have asked all these questions to myself
absolutely positively Mirage is not a scam by any means of the imagination. The problem is dealing with Mexico and their ever-changing timelines. Unfortunately Mirage has had to pay the price through all of this. We'll get thru it, it may take longer than originally planned, but I am confident that we will. Right now the govt seems to be plugged up with the normal nonsense and delays, along with disagreements with our governments. Good thing is that some of our projects involve re-habing existing pipes which is a lot less expensive than building new ones and getting rights of way. We have all the necessary relationships with Pemex which is also key. Undoubtedly our refusal to bend to bribes can also be a hinderance, and while our stance will never change there, we do have the ability to give work out to groups that can validate their ability to execute, and that's not bribery.
Always look for a silver lining, I know more about Mexico and its govt than any US person that I know, wouldve never known so much if not for Mirage, this is a good thing,
On the topic of filings, I do not understand why we dont have approval (Assumedly) from the otcmarkets group, which is a complete black box, honestly I thought it would be a couple day affair to be approved if there was even a process for that, I just dont get it and am so sick and tired of being in the dark in that area. I just want to see the stock trade one way or another, this is absolutely absurd. i'll try and get an update on this but it will likely be fruitless.
the share price is an absolute disaster, i literally cannot believe it. while my mantra is to buy heavily at these prices, I may hold off from the heavy part, but I would still buy. im expecting a big haircut in the market, like qqq down to 230 and so I am concerned with any of these pennies holding value, so I may buy only in chucks downward instead of steadily, I am not sure yet.
personally, I think this is an incredible price, almost have my shares purchased under .014 so I feel pretty good about that. Lets remind ourselves, they have an ESTABLISHED BUSINESS, many employees, serving many customers, and moving into online which will diversify sales thru a recession, in fact they survived COVID, and I am assuming a pretty good reputation with their customers, and potential with Sno-ball/cone or whatever its called. And their losses are not outlandish and I am guessing they are run efficiently. Think about it. I always try and buy more heavily towards a bottom, I am doing that but not to the degree that I want, but I will give it my best based on juggling other investments. I'd like to add 500K at least at this price, I just dont have the free cash at the moment but that could change anytime
or maybe we dont want to pay more than a certain amount. I am bidding at .0058 and not willing to pay more right now, it could be the same for others as well, sort of a stalemate after all the recent turmoil. Its all good, in the hood.
what? give it a chance, some of us have been here for a long time, these things dont just happen overnight. clear progress has been made, they are generating consistent revenues with new opportunities in the pipeline. At least let it run a couple of pennies, my goodness gracious.
Buscar Company Announces It Has Increased Its Mineral Claim Holdings By Over 800% In Past 12 Months; Expands Into Nevada with Acquisition of New Gold Claim. Buscar Company continues its expansion of its mining claims having increased the size of its mineral claims by over 800% to approximately 2,000 acres and has expanded its operations into Nevada
https://www.otcmarkets.com/stock/CGLD/news/Buscar-Company-Announces-It-Has-Increased-Its-Mineral-Claim-Holdings-By-Over-800-In-Past-12-Months-Expands-Into-Nevada-w?id=369741
GLOBENEWSWIRE 7:00 AM ET 8/23/2022
Symbol Last Price Change
CGLD 0.045up 0 (0%)
QUOTES AS OF 03:26:00 PM ET 08/22/2022
BEVERLY HILLS, CA, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Buscar Company, Inc. (OTC: CGLD), a mining company with mineral rights claims in California and Nevada, announced that it has expanded its mineral rights claims by over 800% in the past 12 months. The company also expanded its mining operations by staking an additional 10 claims in Nevada. These 10 claims represent the Company’s initial acquisition in Nevada and part of over 3,000 acres that the Company is exploring with the intent to acquire.
The Company began in 2020 with a single project in California with 200 acres and today has expanded to 4 projects with approximately 2,000 acres in Nevada and California. Additionally, the Company is looking to acquire Lithium projects in the United States as they continue to expand its portfolio of mineral claims holdings.
The Nevada Project:
The Company is currently reviewing over 4,000 acres as possible acquisition (or staking) targets in Nevada, the largest gold producing state in the United States. Nevada was recently named by the Fraser Institute as the world’s top mining jurisdiction due to a very mining-friendly bureaucracy, clear permitting process, as well as very favorable mining industry tax rate. The acquisition of these new projects will allow the company to expedite projects compared to its California projects.
Mr. Heathman, the President, explains “These new claims are a step out from our holdings in Northern California, but follow on the exploration methods we use to identify prime targets for further exploration and Nevada provides an easier regulatory framework than in California. To date, limited exploration has been conducted on the property, including Geospatial Data Analyses and soil sampling. Initial soil sampling indicated approximately 16 grams per ton of gold.”
According to the World Gold Council, larger and better-quality underground mines contain around 8 to 10 g/t gold, while marginal underground mines average around 4 to 6 g/t gold. Open-pit mines usually range from 1 to 4 g/t gold, but can still be highly valuable.1
Mr. Heathman continues, “Using the soil sampling data and linear features maps that were generated, we believe these to be the best locations for claims in the area. They are based on significant gold and silver values found in soil sampling in an area of significant gold and silver production in the past. Gold and silver have been produced in the area since 1901, with some very rich deposits found. The area staked is surrounded by producing mines and prospect pits and tunnels. Although further exploration is required, we believe this is an area that can lead to great potential for gold and silver production for the company. The ore bodies are predominantly mineralized fracture zones in the volcanic rocks of the area. The claims were placed to take advantage of multiple fracture zones indicated by linear features that can be mapped from the aerial photographs of the area. Through our exploration activities, we will further refine the best targets for economic mineralization and plan our program of shallow and deep core drilling to delineate the ore bodies that can be economically mined and processed.”
The Company will be announcing further information on our other projects and our current exploration programs as they advance in the near future.
About Buscar Company
here we are circling around a penny, wow. For the last year this has been hard to trade profitably, though I have been able to bring my average down to 3 cents post 2021 spike, so I am not complaining. I feel like this is going to take a while, but eventually value will be realized I just dont know the timeframe but I will try and take advantage of any spikes in price. Hard to keep up with all the news coming out on a regular basis, but I follow the buzz close enough for the time being and am satisfied with the progress being made. I like the gun detection technology and the give-aways that they did for those schools.
Looks like close to an At the Market offering just announced to raise money
http://archive.fast-edgar.com/20220822/AJZZW22CZ22FI2X2222R22Z2CUVLZZ2SCD42/
Item 1.01 Entry into a Material Definitive Agreement.
On August 15, 2022, Digerati Technologies, Inc. (the “Company”) entered into an Equity Purchase Agreement (the “Agreement”) and Registration Rights Agreement (the “Registration Rights Agreement”) with Peak One Opportunity Fund, L.P. (“Peak One”), pursuant to which the Company has the right, but not the obligation, to direct Peak One to purchase up to $5.0 million (the “Maximum Commitment Amount”) of shares of the Company’s common stock, $0.001 par value per share, in multiple tranches. Further, under the Agreement and subject to the Maximum Commitment Amount, the Company has the right, but not the obligation, to submit Put Notices (as defined in the Agreement) to Peak One to purchase shares of our common stock (i) in a minimum amount of not less than $20,000 and (ii) in a maximum amount of up to the lesser of (a) $250,000 or (b) 250% of the Average Daily Trading Value (as defined in the Agreement) of the common stock. Although the transaction documents are dated August 11th, they were entered into on August 15th following the approval of the Company’s Board of Directors.
Pursuant to the Agreement, the Company agreed, among other things, to file a registration statement registering the shares of common stock issuable to Peak One under the Agreement for resale (the “Registration Statement”) with the Securities and Exchange Commission within 30 calendar days of the date of the Agreement, as more specifically set forth in the Registration Rights Agreement.
The obligation of Peak One to purchase shares of our common stock pursuant to the Agreement ends on the earlier of (i) the date on which Peak One shall have purchased shares of common stock pursuant to the Agreement equal to the Maximum Commitment Amount, (ii) 24 months after the date of the Agreement (August 11, 2024), (iii) written notice of termination by the Company to Peak One (subject to certain restrictions set forth in the Agreement), (iv) the date that the Registration Statement is no longer effective after the initial effective date of the Registration Statement, or (v) the date that the Company commences a voluntary case or any person or entity commences a proceeding against the Company pursuant to or within the meaning of federal or state bankruptcy law, a custodian is appointed for the Company or for all or substantially all of its property, or the Company makes a general assignment for the benefit of its creditors (the “Commitment Period”).
During the Commitment Period, the price that Peak One will pay to purchase the shares of common stock that it is obligated to purchase under the Agreement shall be 88% of the Market Price, which is defined as the lesser of (i) the lowest closing price of our common stock during the 10 trading day-period preceding the date on which we deliver the applicable Put Notice to Peak One or (ii) the lowest closing bid price of the common stock on the principal trading market for the common stock (currently, the OTC Markets’ OTCQB Venture Market) for any trading day during the seven trading days following the date on which Peak One receives the shares of common stock it is purchasing in its brokerage account (which will be within two trading days of the date that the Put Notice is deemed delivered in accordance with the Agreement).
The Agreement and the Registration Rights Agreement contain customary representations, warranties, agreements, and conditions to completing future sale transactions, indemnification rights, and obligations of the parties. Among other things, Peak One represented to the Company, that it was an “accredited investor” (as such term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended).
The foregoing descriptions of the Agreement and the Registration Rights Agreement are qualified in their entirety by reference to the full text of such agreements, copies of which are attached hereto as Exhibit 10.1 and 10.2, respectively. The representations, warranties, and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements, and may be subject to limitations agreed upon by the contracting parties.
can someone please post when the podcast is and a link, I cannot seem to find it online, assumed it was after market close. thanks
Interesting pretty anemic volume with this 10-Q filed, as if nobody even cares, just another day, so far a slow one. It goes to show you, not sure what it goes to show you, but it does show you.
I guess my question is how do other companies in this sector make money then if the margins are so bad, do they have to increase their efficiency and buying power by another level up in order to achieve that? I tend to think that this online venture will be the way to get to profitability. and maybe snobar is very profitable as you are hoping. But yeah I loathe raising money at these prices.
10-Q in line with what I was expecting. I just want to see consistency at this point, which we have, plus the impetus for growth which I am sure we have, and it could be a steady rise or even a spike if we put together the acquisition(s), and so, bottom line the stock is cheap at this price, but with the outstanding shares, I do feel that upside can be limited to a degree.
That said, even though it’s been 20 years, it’s only been 8 years since we had gaming site approval. Then proxy battle, then covid.
On August 21, 2014, the Mississippi Gaming Commission granted Gaming Site Approval to Mississippi Gaming Corporation for a fifty-acre site on the east side of the Diamondhead Property. There is no expiration date for Gaming Site Approval.