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how is that illegal? what do you mean illegally? the market makers place the bid where they see fit, so explain your negative self.
What you believe may not be fact, so lets stick to the facts.
Online Trading of Forex Currency's
Online Training of Customers.
1 mil in advertising dollars has on average = to 3.5 mil in deposits.
Currently 4600 accounts open
In December 2010 there were 1300 active traders.
Revenue for December was about 750,000
for November was about 940,000
for October was about 790,000
margins are around 22% but should grow to about 30%
Goal is 20,000 accounts with 20 mil a month in revenue.
Nah, the mistake he made on the one he got in trouble for was very minor. It will resolve itself.
Apit has come a long way and has a bunch of things to come.
Stay tuned for good surprises to come!
There are HUGE things coming for APIT, I think these guys are going to pull out all the stops and make this thing into something AMAZING.
As far as Duncan goes, well thats only one of thousands of geologists.
The proof is in the last conference call. You are not changing anyones mind here. Not enough people look at this board to make a difference, however you also have NO proof that it will cost them an absurd amount of money to ship.
Later when I have more time I will go back to the last filing and find how much it cost them to ship.
Did you see the news from SFEG today??
Shipping the first 40 tons of gold/silver concentrate off to the smelter.
I hear they are supposed to be signing other smelters soon as well.
I think there will be a total of 3 to 4 smelters involved for Gold, Silver, Copper and Flux. I am pretty darn sure SFEG will do more than the projected $40 mil rev this year more like $65 mil and will most likely come in around .25 cents for the year.
Compare that to ANV which has similar amount of shares out and similar amount of gold in the ground and is trading at a 40 pe.
If SFEG trades at a 40 forward pe this stock should be at least $4 to $5 right now.
Nova Gold is not even producing yet and yet its trading at high multiples of a non existent pe. If you think that NG will be a producer in the next 5 years or so, why would you not look at a stock that is producing right now?
Im in both, and will continue to buy the SFEG because I think I have a 10 bagger here. I am also looking at other mining stocks that could be producers in short term.
Proof has been posted, the last 20 tons cost less than $4000 to ship.
Thats in the conference call from October.
According to the Conference call back in October, the first 20 tons cost under $4000 to ship.
This is 40 tons announced today, So lets say under $10,000 to make this shipment and I believe that number is high.
Go back and listen to the conference call.
It is no where near 600k to ship it. Thats an absurd number and there would no reason to ship to Germany if it cost that much.
Who ever you are posting these outrageous and absurd numbers, I dont know but they are simply lies.
Its Under $10k to send this shipment. Go listen to the last conference call back in October.
This company is not anyplace near out of money. This company will do at least $40 mil in revenue this year and in my opinion will do more like $65 mil with about .25 cents a share EARNINGS.
Thats my opinion and thats why I am buying here at 1.20.
The SEC Filings have not appeared yet on this shipment. DUH they just shipped it.
I will find out exactly how much it cost them to ship and I will post it here.
Be Back in a few minutes.
Thats Ridiculous.
They are not almost out of money, you can read in last weeks press what they are using the money for, acquisitions. Yes to acquire more gold and silver projects.
This company is far from being out of money. Did you see todays press release??
No they are not exempt. The blue sky law is specifically for the otcbb and pinks.
Amex or higher exchanges are automatically blue skied in all 50 states.
In my opinion its a good financing. Not to far out of the money, and they disclose what they are using the money for. This stock is cheap and should be much higher even with this financing.
Well in light of Duncan Bain being suspended, APIT now has to send another Geologist over to China and Cambodia for their newest 43-101 reports.
Set Backs Set Backs,
They still have manganese a bunch of it.
It should play out good long term.
Im not selling, i might buy some more. Its cheap.
Millions in Buying Coming
This is just the start girls, there are millions in buying coming into this stock over the next few days and weeks.
AMEX here we come!
$5 by summer!
This should get the ball rolling. Up up and away, in our beautiful balloon so we can fly!!!
Great job Pierce Carson,
nice, im posting that link everywhere! Good work!
Well its not my company, but i can elaborate.
There is no real market for the stock. The stock needs to be blue skied before any retail brokers can sell the stock to their clients.
There is no volume and no bid support. However when that comes I do believe the stock will easily go to $2 or better short term.
The company needs to hire someone who can help them run a legitimate market and give them the right information on how to get that done.
The revenue numbers are there for a great stock, however they do not yet understand that there are other factors to make a stock trade, especially the fact that they need a Mergents or an S&P report for the stock to be blue skied across 38 ++ states. The spread is wide because they have not hired anyone to help with that issue and there will be no retail support until they get those things done.
A company can make all the money in the world, but if no one knows about it, it wont matter. On another point, even if everyone knows about it and the retail brokers can not show it to clients because its not blue skied then it will be forgotten as well.
If you have a great stock with a great story and growing revenue and no one can touch it because it is not compliant with Blue Sky law, no one can touch it at all for any reason, its against the law.
I believe that the company will soon understand the importance of a Mergents report and get one filled out and submitted soon. With out it, it makes no difference what they do, no brokerage firm can buy their stock.
Its the Law, nothing we can do about it but wait for them to get that done.
But its not MY Company, its a company i own a few shares in, because of the growing revenue and the ability to acquire undervalued trucking companies. I believe it will work, they just have to learn how to be a publicly traded company on the otcbb. I think they will learn sooner or later and since i am a long term holder, i feel i will make at least a double on this issue.
Thats old information, on a different stock. Those have nothing to do with IFCR, and this is a whole different company now.
The voting rights of shareholders are in tact and will be available at the annual meeting.
Information from 2008 and early 2009 is no longer relevant.
Acquisitions are being made, the company is growing through the acquisitions and the revenue is increasing.
Earnings will be showing in the next quarterly report.
A roll up strategy is a good strategy and when you can buy a company for pennies on the dollar it is a very good idea to pick them up if you can turn a profit with them.
IFCR is not the same company that others on this board thinks it is, its a new company with new management and a new symbol.
The first filing is out on APIT, its for the first quarter of 2009 and they say all of 2009 will be done before the end of January and they will get current on 2010 and have all those filings out on time by April 20th.
thank GOD!
The stop sign should be off the pink sheets web site within 2 days.
As I look at IFCR I see a company where the management has done a great job of doing acquisition's. They have completed 4 inside of a year. To me thats a fantastic accomplishment. I have been investing in stocks for 20 years and have never seen a company complete 4 acquisitions in a year, most have a hard time to complete 1 in a year.
To grow from 6 mil in revenue to 68 mil revenue in a year is quite an accomplishment.
This company is going to be very successful,
I believe this board should have more than one moderator.
I am impressed by IFCR, dont know why anyone is not are not.
Be Blessed have a great day.
Lets look at some numbers.
Average gold producer cost to bring gold out of the ground,
$880 per ounce
SFEG, $340 per ounce
If gold goes down, lets say to $800 the major producers can not keep producing and stay profitable.
SFEG can keep right on producing.
However if gold keeps going up, lets say to $1650 per oz then profit from this will be $1310 per oz.
at 400 tons per day and .35 oz per ton then thats 140 oz gold per day at $1310 = $183,400 per day profit.
Lets say that they do 350 days a year production that allows for 15 days down time, then we are talking profit of $64,190,000
Rough number of 100 mil shares outstanding thats .64 cents a share earnings right?
Pe of 10 stock is at 6.40, pe of 20 stock is at 12.80, pe of 30 the stock is at 19.20
However since it is a new producer the stock might get a higher than a 40 pe.
These are conservative numbers considering that they want to do 800 tons a day not 400 as I based my numbers on.
So with that in mind, could SFEG go to $20 a share inside 18 months? I believe it could be much higher.
Yes i know there is no inside info, didnt mean to sound like i was asking for some.
I still think this stock is a $10 stock in 18 to 24 months.
I have talked to RJ, seems like a pretty straight up guy. Good guy for the company to have on their side.
Thanks,
RJ, This is huge news.
Do we finally have smelter contracts in hand?
If this stock is not $10 in 18 months I will eat my wife's shorts.
LOL
Seriously, what do you know that us investors do not?
LETS GET IT ON!!
LBRG should now change its name and symbol to something more fitting to compliment Mag International. Magg is available and fitting.
However no matter what the symbol, Mag International is the best thing that has happened to lbrg and should make this stock soar.
I hear financials should start coming out as soon as Tuesday.
once their financials are all current, this stock will soar. Keep an eye on this issue as it will certainly be a high flyer.
Dont mean to crash the board, but the Producing Gold Mine Stock SFEG is taking off just like NG did last year.
Up very nicely today.
I think SFEG will easily go over $10, could go as high as $20.
This is a steal here!
SFEG is a junior producer, stock is at $1 now, should trade up from here in a big way. $10 should be easy, $20 is possible.
NG has been a great stock for me,
Now i am buying SFEG.
Numbers on IFCR look pretty good to me.
Second Quarter Fiscal 2011 Highlights
Gross revenue for the six months ended September 30 increased 74% year-over-year to $15.3 million.
Gross revenue increased 21% over previous quarter (Q2 2011 vs. Q1 2011) to $8.6 million.
Net loss per share for the quarter decreased to $.02 versus $.05 in comparable quarter of the previous year.
Continued acquisition strategy resulting in two additional pending acquisitions under LOI.
dont get me wrong, i am not bashing the company, however those videos look pretty darn convincing.
WCG,
Whats your opinion of the Youtube videos? The ones that show that the company has no operations in the location posted on the filings?
Kit,
being a CPA or not, I have been trading stocks for 20 years, OTCBB's for more than 15 years. I know how this works, I know for a FACT how this works.
10q's are not audited. not by any of the otcbb's. Thats how it is. You have to accept that.
10k's are audited. Thats how it works. You have to accept that because its the FACTs.
you need to deal with it in your own mind. Stop posting negative information about IFCR unless you have facts. Everything you are posting is speculation. You are speculating that they have no trucks, however you do not know this as fact.
IFCR is growing by acquisition. Its a roll up strategy. You have to deal with that, maybe you have never seen a roll up company before, I dont know. But this is how it works.
Just because they sold a shell and changed the name of the company a few months back does not mean that the same people are involved nor does it mean that its the same company.
It is a different company with different people involved. They are growing by acquisition. You are going to have to accept that, if you cant accept it well then it will prove to everyone else that you have no idea what you are talking about and you will loose credibility.
Have a nice day, the next post will contain a link which you should look at.
10Q's are not usually audited by any publicly traded company, even the big ones. However the annual report 10K's are always audited.
Thats how the market works, deal with it.
Higher Returns if it is shipped over seas!
According to the CEO, if they do no other acquisitions and only keep up current operations they will not need to raise any money.
This stock is Literally a GOLD MINE!
Im not only buying it i am telling all my friends and family this is the one to load the boat on!
SFEG is a Junior Gold Producer
Watch the developments here. Just like NG last year I believe that SFEG is poised for an amazing run.
Smelter Contracts should be coming soon. Santa Fe Gold has a stockpile of Gold already dug up and ready to ship,
Look at the SFEG news from yesterday! This stock will not be .90 cents for long.
All you gold buyers should be all over SFEG.
I love NG but I also love SFEG more at these prices before the run up.
River,
If you look at the financials that just came out a few days ago, you will see real growth of 8.6 mil revenue for last quarter and 15 mil revenue for the 6 months ended sept 30th 2010.
I do believe that a company with that kind of revenue and growth would be a shell company.