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Good luck getting that information from this company in a PR...Especially with Sklar working behind the scenes on this one. All imo.
PRMO when he needs to sell stock....Blu* Bay Co or Tig*r Enterprise all other times for his own profit. All imo.
Dror is probably busy selling gems for his private businesses or for Uncle Gerry at the Tucson gem show.
Yes, I noticed this too. I wonder if they are updating the website?
You forgot to add that the pps stays low also because they will sell stock at any price...Kind of ironic that they have all this gold, they are reluctant to sell any in the 2nd quarter for tax reasons, so they decide instead to raise the AS and sell stock.
Honestly the only way this situation gets better for flippers and longs is if people stop hitting the buy button on this, and force PRMO managment to do something real here instead of just allowing them to sell stock. All imo.
It seems as if Pennystockguru brought a whole new lot of people here, and those followers bought a good amount of the newly printed shares...I'm surprised that he would risk his reputation on pumping a stock unless he knew they would provide confirmation on their mining activities. IMO
The problem is that PRMO management has gotten away with doing this for so long, that this is the only way they know. The fact that they are willing to continously sell shares from .0001 to .0003 means they have no intention of ever giving shareholders anything more than the "once a year" pump and dump for two ticks.
IMO
You've got this operation down perfectly.
Thanks for recapping how Dror and Uncle Gerry have diluted the crap out of this over the last 4 years...It's always a pleasure to see those numbers. Thanks. Hope they've enjoyed shareholder money.
My thoughts also.
Looking forward to it...I guess we have (hopefully) at most another 5 weeks?
DC, do you speak with Dror or do you just talk to Gerald Sklar and Dave Young?
It more looks like this stock is going into the dead zone again. Volume is decreasing. Maybe we won't hear from Dror again for another year like what happened last time.
LOL
$8000+ in trades today.
.0001 bid currently
Umm...Yeah...This must be worth a billion dollars.
The problem with that is that the PR stated they were going to "resume shipments"...It didn't state anything about production. The annual reports have stated that they both purchase and mine. Since Dror doesn't provide any real PR information on mining locations in Madagascar and Ghana, it's hard to believe that he is "producing" 50 kg per week.
Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") -- After a preliminary economic assessment the company is pleased to announce that it will now resume shipments of gold bearing ore at the rate of 50 kilos per week (one kilo is equivalent to 32.15 troy ounces).
Couldn't agree with you more...If management really wanted the price higher they could do it with what they claim in their annual reports they put out. Seems as if Dror has treated this like his own personal ATM over the years to help his private businesses while claiming all this gold here at PRMO. Yet, the OS after the reverse split went from around 290 million, then to 2.2+ billion, then to 8.4+ billion, and now probably to 10.3+ billion like they had posted briefly on their website.
What is funny is hearing a newbie post about 50 kg a week...2 1/2 years ago, the ex-directors of PRMO were claiming this. Seems as if the story just keeps getting rehashed. All imo.
It was only up for a day or two and who knows if it's correct...Obviously we'll have to wait for the Q2 filing for the real number.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57827287
Unfortunately, the 8.4 billion OS as of Sept 30, 2010 has probably gone up, and I would assume will be shown on the Q2 filing, if Dror follows through with one. Seems strange that they updated the promresources.com website and put the OS as of Dec. 15 in the 10.3+ billion area, but then removed it.
Do you speak with Gerald and Dave on PRMO? Here I was thinking they had nothing to do with PRMO but were only shareholders?
DC, how do you know PRMO's mine went into trouble?
Google him and see what pinkie company he currently runs....Check out that company chart, and then you can see why this can't get above .0003. It's pretty sad, because PRMO should be trading above .0003 with what they say they have.
He was officially involved in this back when it was ABFG and now unofficially with PRMO. He and his son were listed as contacts for the TA hence having the ability to control selling of PRMO stock over the years.
The problem here is that Gerald Sklar is involved in this stock and he loves to sell stock at whatever price he can get people to buy...There is a reason why this stock can't get above .0003 even with all the buying that has happened over the last couple of months.
They filed a Florida amendment to raise the AS to 20.5 billion back in November...The link to the Florida website is in the intro. The OS is most likely larger than the 8.4 billion figure and will probably be reflected in the Q2 report. They supposedly had some restricted shares back 2 years ago to purchase mining equipment, although the company never really gives you full details on this.
The problem is that there is no mention of the 6100 kg in the most recent Q1 and annual reports...That was mentioned in last years annual report. All I see now is the inventory listing of 15+ million in the Q1 report.
Uncle Gerry,
Are you reading the PRMO board again?
Nice removal of the float number off the promresources.com website. LMAO
PRMO can't even get their share structure written correctly.
On pink sheets, they have the OS listed as 8,418,197,564 as of Sept. 30, 2010.
On the prom resources web site, they have the float listed as 8,418,197,564 as of Sept. 30, 2010. So how could the float as of Sept. 30 be the same as the OS as of Sept. 30th, if the company and their officers supposedly bought 1,499,000,000 shares in 2009?
I think Uncle Gerry is too old to get a pump done correctly...He obviously still knows how to dump.
The $4,115,124 is the revenue according to the Q1 report...I think the PR incorrectly specified that as gross profit.
Don't know...Guess they are waiting to see if Dror and Uncle Gerry are going to put some better news to move this out of the low triple zero trading range.
All in the same post, you are urging people to buy at .0003 and you say you sold at .0003. LOL
(4) .0002 x (6) .0003 now
(4) .0002 x (7) .0003
I don't think NITE and CSTI were prepared this morning:)
2 left @ .0002
PRMO...News out this morning. 3 million in net profit on gold sales.
http://markets.financialcontent.com/stocks/news/read?GUID=16158737
Alright these guys keep changing the OS number on the Promresources.com website? And now they have the float number equal to the OS? WTF
Under the Contact Tab, they have the OS back to the 8.4 billion number as of Sept 30:
Quick Facts
Common Shares Authorized: 20,500,000,000 as of Jul 31st, 2007
Preferred Shares Authorized: 10,000,000
Shares Outstanding: 8,418,197,564 as of Sept 30 2010
Under the Investor Relations tab, they've got the float listed the same as the OS
Float
8,418,197,564 as of Sept 30 2010
8-K....Nice bottom call this morning!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57834451
I'm not sure.
I guess you were right!
From the filing, it looks like:
Company name= Disability Access Corporation
Subsidiary= Disability Access Consultants, Inc.