You're probably right about it making more sense, I just didn't see anything in the press release mentioning it as a possibility. Guess we'll know how it plays out soon enough.

I agree with that. It's not so bad being able to trade MYFT and get a stack of free shares. It's not always so easy to find stock with such a nice consistent trading range.

Yes I agree, that was my point. Unless the miners are also bean counters, there is no reason that getting the financials in order should get in the way of production.

That's a good point. I'm just surprised that getting production started would be on the low end of that list of priorities. But like I said the other day I know it's just a matter of time. I just hope the price of gold holds up at current levels long enough for them to start (it seems like it will but not if PCFG takes months to start pulling gold out of the ground). It would be a shame if PCFG missed the peak and started mining on the decline.

Like I said though, anybody selling at current levels is a simpleton. Even if the price of gold does come down somewhat, PCFG is worth A LOT more than .02 once they become a company generating real consistent revenue.

Yes, unfortunate (and we're just assuming that's the reason for the delay in starting production)

I don't believe the agreement with Blackfire is a JV. Blackfire just has an option on Pilot Mountain's project W Tungsten claims, and the DD is on the mining claims. Not sure why PCFG's financials should be required for that, but it's certainly a possibility.

Either way it's just a matter of time before production starts, I know that. Just a little frustrating is all. Have a good weekend.

What happens on the 18th?

Also, don't get me wrong I'm happy they are focusing on getting the financials in order, I just don't see why one should get in the way of the other.

You might be right about them waiting for financials to be current (I thought about that too), but thats a poor decision by mgmt IMO. Their obligation should be first and foremost to get gold out of the ground ASAP. There is no reason that financials should get in the way of that, unless of course all their miners are also bean counters. :)

LOL, I hear that. The worst thing for a stock is for a company to have real earnings potential, so much more money to be made on speculative stocks that won't earn any money for years if at all. MYFT is having the same problem, can't get out of its own way. If it was a worthless spec stock it would be trading 3X higher than it is now.

Check out the weekly candlestick. Bearish engulfing. Looks like it's headed back to .02s where I'll be reloading heavily. Until this breaks out I'm going to keep trading it, accumulating free shares. This company has so much potential, it's unfortunate the stock trades so much like a POS that can't get out of its own way.

What are they waiting for?

Anybody have an educated guess why PCFG hasn't announced the beginning of production yet? It's been over a month since they got the financing, what could be holding them up now? I'm long PCFG and have no interest in selling down here (anybody who does is a simpleton in my opinion), but I'm just wondering what it taking so long. Any thoughts?

Certainly looks good. Its a bit too early to call a real breakout, but on a weekly closing basis JEDM broke a pretty important trendline this week (draw a trendline along the tops of the white candles on a weekly chart and you'll see it). There is still some resistance to work through but all in good time.

I think the ticker change has something to do with it, but the new headset developments are helping. JEDM is slowly transitioning from theoretical to practical, and should be generating some real revenue by the third quarter or end of the year.

SWEEEEET!!!

What a great way to end the week, glad I was able to take advantage of some poor unfortunate soul yesterday and buy those shares cheap. :) I always wonder how many people are sitting around their living rooms thinking "boy I'm dumb" when a stock they sold a day earlier at the bottom rebounds.

Anyway, congrats to those who had the patience to wait out this downturn, should be sunnier days ahead.

I didn't want to press the issue and be perceived to be bashing MYFT, but having watched the price action the last few weeks it seemed that tapping .02 was inevitable. I picked up some more today as I think this is the bottom of the range. This selloff is ridiculous, I'm always amazed at how easily some people in pinkie land get fleeced out of their money.

The only direct criticism I see levied against JEDM is about the quality of their website, which is a fair critique. JEDM really should redo theirs. Nothing specific in the link you provided that speaks to any problems with JEDM's software. Almost all the gripes are directed towards Emotiv.

Before they have to worry about watering the tailings, they'd actually have to start production first. Seems to me that PCFG has been consistently dragging their feet. Now they have the equipment, have the $, all they need is a hauler and to actually begin mining gold. I'm waiting patiently and have been buying dips here and there but for the life of me I can't understand what in gods name they are waiting for. The price action tells me that nobody wants to bid this up right now but the moment they announce mining the first ounce of gold this is going to skyrocket. That will be a beautiful day but just hard to understand why it's taking so long. I know mining isn't an overnight operation but after several years of trying to get their operation up and running you'd think they'd have made some real progress by now other than getting all the ducks lined up in a row.

I'd buy some more at .005 but it looks like .007 may be a possible floor. Looks like the battles lines are between there and .011 right now. Honestly I'll probably just sit on what I have and look to trade somewhere else. This one is a little too jumpy for reliable trading.

I don't really rely on candlesticks per se, but ADX, stochastics, bollinger bands, etc work very well.

I agree about the stock being extremely cheap here, but I'm waiting to see if it goes on sale more before putting any more cash in. This breakout could be months away and I've got better things to do than watch my money bounce around aimlessly. But that's just my style, I absolutely agree it's a good value here and anyone selling is either desperate for the cash or just completely stupid. If I didn't already have a position I would start one here. JMHO

I'm not saying that there won't be dilution. It would be foolish to do so since every time shares are sold there is dilution. What I am saying is that because of the 9.9% limitation, the investor is currently not required to purchase any more than approximately 23 million shares (assuming that CPOW chooses to sell that many) and because of other restrictions spelled out in the agreement, the size of each offering is limited as well. I don't see any reason to assume that CPOW will even come close to doubling their O/S based on the terms of this agreement. Since CPOW knows they are limited in the amount of shares the investor is required to purchase, it is in their best interest to dilute only when necessary and when current share price will get them the most bang for their buck. Also, as I pointed out in antoher post, the terms governing the dilution price are extremely favorable to shareholders in my opinion.


The $30 million cap only spells out the maximum committment in dollar terms by the investor but doesn't indicate at what price those shares will be sold at. Given the time span of the agreement (30 - 36 months) a lot can happen to the share price of CPOW (I'm betting that it will be markedly higher than the .10 - .12 it' trading at now), thereby limiting the potential dilution even further. I think you're scenario of the O/S almost doubling is highly unlikely.

Also, you could argue that CPOW is currently overvalued, but another way to look at it is that the sales agreement they have is already being factored in to the share price (which makes sense since they leasing new production space to keep up with demand). If the agreement with the Chinese company comes to fruition, that should enhance CPOW's perceived value further.

I suppose that's one way to look at it.

Hard to figure out where support is, I'm more inclined to keep an eye on resistance and see when that gets broken. Guessing bottoms can be tough and ultimately lead to big losses if guessed wrong. I was hopeful that resistance would get broken a couple of weeks ago, but I'm not completely surprised that it wasn't.

I wouldn't call it smoke and mirrors, but yeah it's all theoretical and nothing tangible yet which is why it's having a hard time breaking resistance. If you look at their earnings reports they are clearly not generating any significant revenue yet. Assuming though they actually bring the BCI headset to market, that should go a long way towards putting the company on a more solid footing and pave the way towards some interesting growth prospects, as I believe this field is wide open and has great potential. I have a relatively small position in this company but I'm in it for the long haul. Any additional shares that I buy will be if I see the opportunity to do a quick flip to skin a quick profit or get some free shares.

GL

There are a few flaws in your analysis that I'd like to point out:

This agreement is not a $30 million dilution. It is nothing more than the ability of CPOW to tap funds as needed to grow their business, but there are strict limits as to how much dilution can take place at any given time, and the terms governing the share price per dilution are extremely favorable to CPOW shareholders IMO (moreso than other similar agreements that I've seen in the past with other companies. Also, the investor is prohibited from owning more than 9.9% of the O/S and all shares owned are restricted meaning the investor would have to file with the SEC before being able to re-sell any shares.

What this agreement does IMO is show that an investor has done serious due diligence on CPOW and decided that instead of $15 million they'd like to invest as much as $30 million in CPOW, which affords CPOW the ability to accelerate their growth rapidly with cash on demand, subject to tight restrictions.

If you look at the history of other companies trading on the pinks or OTC, this type of dilution for projects considered to be favorable to the growth of the company often leads to much higher share prices. Look at a chart of GSDC, they recently tripled their outstanding shares at terms much less favorable to their shareholders (dilution took place at .10 per share when the stock price was .18) and shortly afterwards the stock price more than doubled.

Just some food for thought. I suggest you read the agreement carefully, and reconsider your math.

You're going to have to be patient if you want to be in on JEDM. This is definitely not a quick flipper right now, but I believe that within the next two months there will be a meaninful break to the upside. The 750 shares at .052 were meaningless

Whether you decide to bail or wait patiently is of course up to you. I understand the frustration, but I also know that patience is a sound long term strategy if you believe in the long term story of the company. My patience in GSDC was rewarded last week, I think it'll happen with JEDM and several other names I'm in as well.

GL

JEDM looks like it needs to get forced into a corner before it'll break that resistance. A close above .012 for this week would be a step in the right direction, but I don't think it'll happen.

OK, who is the moron who just had to sell those 750 shares at .052 this morning? If that is not evidence that the pinks are either highly manipulated or rife with some of the most stupid traders in the world, I don't know what is.

BTW, I'm not seriously suggesting it was anybody on this board, just making a point. Props go to whoever was able to pick up those cheap shares. Hopefully that WAS someone on this board.

Agreed, in a certain sense I'd rather not have the opportunity to triple down at that price. Much rather be buying a breakout.

FWIW, MYFT chart looks a lot like GSDC did several weeks ago when it pulled back from .23, check it out now...just tapped .44 yesterday. MYFT's pullback from resistance is actually pretty normal (I should have anticipated it better) and will recover and breakout soon enough. Just a matter of time IMO.

GL

Yeah this thing trades like a real POS. I knew I was a bit early at .038 but didn't think it'd get down to .023. Glad I didn't load too heavy, but if it hits .02 I'll triple down. What bullsh*t though. Revenues of 11M for 2010 and it has a market cap of less than 7 million. I can find companies that aren't making a dime that have better market caps.

I wasn't following it at the time, but looking at the chart I see the big drop you are talking about. A lot of pinks and OTC stocks got hit hard at that time, I've always suspected it had a lot to do with QE2 (people pulling money out of the more speculative markets to ride the QE2 gravy train).

That doesn't seem like a cause for the SEC to launch an investigation. On both counts the company filed the required extension request (NT-10Q/K)

The info provided in the SEC filing is pretty vague as to the reasons, I think it may have something to do with the dilution & warrants, but that's just a guess. I think there is a rule about how much a company can dilute at any given time but I'm not sure about the OTC. I know the major exchanges have restrictions covering that.

All things considered, this is holding up quite well. I'm impressed.

Yeah, I wasn't trying to imply that we're on the cusp of a major breakout or anything, just that the price seems more stable than last week, and it's slowly clearing out some overhead resistance. This is still a longer term play IMO, not a quick scalp.

I checked the SEC website and couldn't find any additional info. Probably isn't going to be good for the share price in the near term. Resistance at .20 wasn't ready to get broken yet anyway IMO, and I'm pretty sure this seals the deal for a while.

GL

Typo on my part, thanks for catching.

Look at the bottom of the I-box, I just updated it. When I get a chance I'll call their transfer agent to see if there have been any changes since the EOY.

Even though I didn't make your list I'll take a guess anyway. ;)

$1.2 million

SEC investigation of CMIN/GSDC

(just a heads up, don't shoot the messenger)

http://www.sec.gov/Archives/edgar/data/1168938/000111776811000180/0001117768-11-000180-index.htm

What evidence is there for this?

Short covering would have caused the price to go up, not down. At the very least it would have caused a bounce off the low.

Who cares, yesterday there was an EOD trade for 1 million at .0275 and we were lower today. Personally I think we're scraping along the bottom here, but I don't see a huge rebound just yet.

Given enough time I think that's a good entry point. I don't think JEDM is about to do a moonshot here necessarily, but it does seem to want to go higher, slowly but surely.

Chart is setting up nicely here. Mostly people slapping the ask these days, little if any selling. Still some upside resistance to clear through which will take some time but looking good all the same.