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Wonderful. Instead of spending money on press releases and having shares to do business with, instead a shareholder wants them to have no shares to do business, and deal with administrative issues.
President is not shareholder friendly based on his track record. But no one expects any more except stock will go up for a bit before he trashes this company too.
Maybe better to offer to pay for press release !
Yes accumulate on dips, reinvest dividends and be patient is my thoughts. yY 2016-2017 will be a great return !!
Guess Parks must have new business he wants to put in if no mining experts. What happened to properties ?
Do you have estimate of what their cost is to produce ? With all that debt on books do you think they still are in production ? What does IR guy say ?
If directors approve shares to Parks they certainly could do so as in other companies. If Parks think he is worth 100 million shares in one company, why not in another ?
Of course other question, who are the directors now ?
News kind of. Otc markets update -
1. No directors listed now.
2. No VP mining.
Does this mean they have no mining properties now ? So what business do they have ?
Parks your shareholders would like some answers !!
President wont update shareholders so there must be a reason. He gave himself 100 million shares at FCGD, why wouldn't he do same at SAGD ? Now begins second month without updates. No press release, no website update.
Well we are just trying to guess what situation is. Maybe IR knows more but has been told to not release. Who knows. As far as new team it is strange they don't communicate. Or maybe they don't have money for press release.
Thanks. Will be interesting 2015 for oil stocks, and I think a great 2016 !
If company doesn't wish to update shareholders, how can IR guy release information ? Has anyone been able to talk to President? Did IR guy saying any updates coming ?
If President cant even update website, how do we expect IR guy to have new info ?
As far as price depends on supply and demand. All we know is management has history of big dilution in stocks he has been involved with.
Insider information of course should be announced to all shareholders at same time. But important info should be released as it happens. So IR guy saying no dilution so far ? No big stock issuance to Parks and CEO ? Look at FCGD, Parks and CEO there gave themselves 100 million shares each.
Why is outstanding shares now such a secret ?
Agree SAGD should have a temporary increase in price at some point. Long term though Parks way of doing business probably wont work.
Seems they have a lot of issues to deal with at FCGD, maybe that is why there is delay. Anyone hear anything about merger of FCGD and SAGD ?
There is so much convertible debt that price probably will be under $.01 within 1 to 2 months. Maybe under $.001.
Again why not face reality ?
Let us say Parks comes up with brilliant idea despite his lack of experience and ability. How will he fund without shares ? Reason why sub pennies use convertible debt is that often only financing available. Plus Parks has shown that is how he makes money.
Or get enough shareholders together and call shareholders meeting. Set up a web site and everyone can sign up saying how many shares they hold. Then find a shareholder who is willing to work for no money and no shares. Then find a lawyer who will work without payment to guide process. Does all that seem likely to you ?
IMO keep pressure on Parks to communicate and for him to try to get updates out on company. Who can take him or CEO seriously if after 1 month they cant handle basic IR functions ?
Why bother company about AS issue. Company needs to have shares to do promotion. No promotion no movement in stock. President track record shows clearly his use of dilution and promotion, makes money then on to next public company. Even if you are right, there is no benefit to company not having shares to issue.
No one probably thinks Parks wants to build real business so only issue is when to get in and when to get out.
Or how with no shares to issue they can run the business ?
How would company progress with no shares to issue ? How can shareholders make money unless President has money to promote stock ? Based on President's track record his goal is dilution. What is strange is no information from IR or President.
Well I can only go by what they list as their IR person. How can President expect to be taken seriously if he doesn't even update the basics.
Right now guess we are all waiting for news. DHSM and FCGD don't exactly seem like shareholder-friendly companies. Wonder what Parks intends to do with SAGD.
SAGD needs capital to do promotion so somehow Parks needs shares he can sell for promotion and his own salary. I don't think anyone is buying shares thinking he will actually build a business.
Wonder why someone with communications degree does so little communicating? Or why IR person doesn't return calls ?
If FCGD merged with SAGD maybe that could triple SAGD price overnight.
Obviously company has to have shares to raise money for expenses.
And President surely wants shares for himself too. At FCGD lot of shares issued to officers, why would it be different here. Guess we have to wait until some financial statements released or otc markets updated.
Don't know how share count was raised without shareholder vote but they must have found a way. Why else would Parks become President unless he could use shares to make money ?
Waiting for press release or even web site to be updated. They have enough shares to pay for basic expenses one would think !
Without raising AS how else could Parks make money ? How else can company be funded or pay for press releases ? Who raised the AS anyway ?
Let me se if I understand this. New President came in at DHS and it fell. He came in at FCGD and price after an initial spike starts declining- and 10q shows incredible amount of debt. Now he is President of SAGD, and it is new CEO fault for decline. But none of this shows a pattern ? Wish pattern showed something different. One company down it can happen. Two companies maybe a pattern. If SAGD same then definitely a pattern.
Doesn't change though potential for short term profit when press releases come out.
His track record is certainly reasonable to consider. Look at data. FCGD was at $.07 when he became President, it spiked over $.30 briefly (so a 4 to 5 "bagger") and is now trending down around $.04. How is that a "93" bagger ?
I agree SAGD should go up when they put out news. Then based on Parks track record dilution will drive the price down. FCGD after a few months of Parks is on track for bankruptcy. DHS already trashed.
Trick of course is when to get out of SAGD.
Thanks. I agree time to start getting back into gold and silver but I prefer to accumulate over time as there is such volatility it is hard to predict exact time to get back in. HL and PAAS seem compelling buys this year.
Well we are all waiting for update. Hopefully soon !
Yes website there but hasn't been updated. Yes we all just would like an update. Is that too much to ask ?
Don't know about 2015. The demand from China + India, uncertain world we live in, huge government debts, all point to rather dramatic events in future. Just don't know when !
I guess question could be is there anyone after reading SEC letters and CGFI responses who believes CFO had sufficient knowledge to handle disclosure for a public company ?
Just one of many examples link below
http://www.sec.gov/Archives/edgar/data/1344394/000000000014032553/0000000000-14-032553-index.htm
SEC role in capital formation principally is to build comfort in markets by making sure there is proper disclosure (in their opinion). The numerous SEC letters to CGFI list numerous areas SEC considered their disclosure either insufficient, or so un-supported they asked for it to be deleted. Since CFO was portrayed by some as competent individual, the question is why was he so unaware of proper disclosure ?
The whole NI43-101 issue to refresh your memory was that (a) US company doesnt need NI43-101 which is for Canadian exchange and for use with Canadian filing (b) CGFI claimed NI43-101 but qualified cutely (c) their purported report didn't comply with NI43-101 standards anyway as that mining savvy person posted quite well.
Right now until President has time to update us we have no idea what properties SAGD has. Hope they still have Gold properties !
Agree no hurry though I am starting slowly. Who knows when market will turn, I think 2016 but could be earlier.
Keep in mind FCGD did 500 to 1 reverse, so this idea of a 93 bagger is misleading. In answer to your question all we can go by is track record. At DHS and FCGD under Parks leadership main source of financing was dilution. So it seems likely same will happen at SAGD. But if FCGD about to go bankrupt, maybe a merger makes sense and would be way for Parks to use SAGD shares to take on more debt faster as a reporting company.
I read on internet Parks is a "rising star" of mergers and acquisitions. Maybe he has experience that we don't know about.
Don't know how you can say FCGD track record shows Parks has any experience except to take on convertible debt. Stock has dropped 40% from date he became President until now, and look at the 10q which shows a mountain of convertible debt. Of course he issued himself (and CEO )100 million shares each at FCGD.
Yes stock did spike up for a few weeks at FCGD so maybe will happen at SAGD too for a few weeks.
New CEO at SAGD doesn't seem much information available. CEO at FCGD has some mentions on Google, none positive. I wonder why IR at SAGD not more available ?
Is new SAGD CEO also involved at DHS ?
Hear anything will let you know ! right now accumulating Hecla, and sometimes NJMC and CHMN. otherwise Silver Valley stocks seem to either disappear or get taken over as shells. Without Magnuson or De Motte things seem pretty quiet.
At Sunshine Kaplan is waiting for right moment to go public. What gossip says is they keep getting great drill results from the areas De Motte and Mclean targeted for future expansion- if De Motte and Mclean hadn't built the Sterling Tunnel and drilled in upper country, those areas would probably have been unexplored forever.
Bunker Hill dead until someone can payoff EPA.
Galena just one unit in new US Silver and Gold, but maybe a long term speculation.
So that leaves blue-chip Hecla Mining, with good expansion at Lucky Friday. Except for a few solid oil stocks, I think Hecla one of best investments around if one steadily accumulates and average your cost. Should be $6 to $12 stock in a few years.
quite agree HL great stock to accumulate, and so predictable at times short term trading profits available. when over $5 selling long term calls can also generate income. my only gripe is Phil Baker doesn't seem to have a lot of vision as I think stock could command a much higher market cap, but cant argue much considering how few mining companies stand the test of time !
Lucky Friday expansion will probably deliver results none of us can imagine right now IMO.
Look at sec.gov under Colorado Goldfields. The SEC correspondence and company responses all there. SEC very clearly requested numerous changes to company disclosures, which company agreed to. CFO I lucky SEC didn't look closer at this company. A lot pretty basic stuff the CFO didn't ever seem to understand.
CFO trying to use NI43-101 "report" as promotional tool was another example- they never had a real NI43-101 report. SEC commented about use of "NI-43101" "report" as well.
What I find interesting is in face of all evidence to contrary how many shareholders continued to want to believe CFO's projections, or instead of judging CFO on results blamed everyone else but CFO. He may have some ability, but he was in over his head trying to run a company especially a public one.
Well except mining investments, though have done ok playing Hecla. Agree NJMC nice small speculation and I believe by 2016 will turn around nicely. Right now looking at some of oil royalty companies.
NJMC having mill has always been an advantage. Plus one of few Silver Valley plays left.
Me too. Wish he would start up his website or a blog, he was good source of information and wrote well.
Soon it will be almost a month with no press release and no website update. What is wrong, no money ? If IR guy not taking calls who is? Guess since President has degree in communications maybe a unique non-communication strategy being employed ! Or maybe IR guy isn't being paid, could that be the problem ?
Hopefully President can afford at least one press release.
Maybe President of FCGD (Parks) negotiating with President of SAGD (Parks) about a merger - imagine how fast they could issue shares then.
Maybe we can all be informed one of these days what is happening at SAGD.