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Volume today shows that the MM's do not want to short stock at .0001. They have to make up for the nearly 1 billion in short sales last Wed, Thur, Friday, and Monday. Looks like a short squeeze unless they start selling at .0002. Shortvolume.com shows the same. IMO
On that last Level II, did you notice that the amount at .0002 ask for both Nite and ETMM is approximately the same amount of total shorted last Thursday and Friday? (i.e., 670 million)
Check out shortvolume.com for CGFIA. Last week, (Wed thru Friday) it looks like about 600 to 700 million shares sold short at .0001. In fact, Friday the majority of shares sold at .0001 were short. Correct me if I am wrong, but don't they have to buy them back now? If sold at .0001, and buy back at .0001, what is the purpose, other than to scare investors into dumping at their shares at .0001 to accumulate?
Today, the bid at .0001 was approximately 250 million. I put an order in for 10 million at .0001. It did not get filled, however, the volume sold at .0001 exceeded the entire ask. My order not being filled means that others (not on a bid) have preference over my bid or the wall is a fake (or both). This stock is going to go up, or there will be a buyout. If there is a r/s, I fully expect the remaining shares to retain full value and go up as a r/s, if any, would not happen until a major event unfolds. Thus, no reason for more dilution by the company as a revenue generating method. gg
Makes the company do something with PR or give us some news. Or, it stops the MM's from being the only ones profiting with picking up the stock at .0001 and selling at .0002. Maybe more would get shares at .0001 instead of mostly MM's on share dumps for convertible debt or otherwise. This company is proceeding in a very good way (except the necessary evil of diluting shares to pay bills). Thus, the quicker the end result of mill/permit or buyout, the quicker the dilution will end. I for one would rather see this stock stuck at .0001 than the endless game of dumps at .0001 and everyone buying at .0002 thinking that the wall will come down and move up to .0003. If it is stuck at .0001 then maybe we can all buy all we want at .0001. And when there is no more to sell at .0001 we can all buy at .0002. And, so on and so on. The way it is occuring now is terrible. Just read the board and you can see the frustration by everyone because there is no confidence in the manner in which this stock is currently trading. There is only confidence in the company which is the only reason this stock is being bought by investors as they can see the value and potential. So, if all of us who have confidence in the company just kept picking up stock at .0001 all day long, we would be happy. But, we do not get the stock at .0001. gg
Doesn't look like anyone is going to buy at .0002 with a wall of 600 million at the ask; and further knowing that another large dump will come in at .0001 as the past few days have shown. The company better get some good news out quick or this is going to no bid.
M.T, that 10 million purchase was me, please add to your flotilla. Interesting that the order took over 2 minutes to fill via Etrade, and it filled 9 million and then 1 million in two separate orders. Between the delay, and the partial fills one had to wonder if that ask wall of 189 million was real. gg
Looks like the MM's can't sell anything at .0002 today. Let them dump it all at .0001, and maybe we can get some at that pps. Although this stock has enormous upside potential, buying at .0002 just feeds the MM cycle. Maybe if they allow the price to go to .0003 I would be happy to begin buying again. But, based upon what I have seen I am not buying a single share until this bs stops. What's the worst that can happen given my opinion that this stock will hit between .03 and .06 on a buyout or upward move? I don't get anymore shares at .0002? I am already averaged at .0003 pps on 255 million shares. I don't like the dilution occuring in the meantime but understand it is a necessary evil for the company to continue its business plan. I believe that the recent increase in outstanding shares to 35 billion is an anti-taker over move. Otherwise, the company could have just did a r/s and started over. The company is way to close to success to r/s this stock. IMO this stock is going to be the penny stock of the year story for 2012. gg
Hecla just got their Lucky Mine shut down today due to safety issues with built up material in one area. Apparently, it will take the rest of the year to come into compliance. The company adjusted its silver production down significantly for the year. The stock is down approximately 23% today. It certainly makes a good case for Hecla seeking out in the ground inventory in the area, with a mill as a bonus.
It was disappointing to see this go to .0001 on last trading day before xmas. However, we will see if anyone actually gets some at .0001 today. Buy all you can because it won't be here very long, if you can even get it at .0001 or .0002. History has shown that the pps has nothing to do with the value of the company, or its enormous potential. gg
And, by the way, I bought 100 million shares at .0002 when this stock was at .0003, and would dip down - just as it is doing now with .0002 and dipping down to .0001. The pattern has been established. M.T., you can update my shares from the 151 million last month to a grand total of 252 million now. I own 2.5% of the outstanding company shares. gg
I believe this company has great fundamentals, and the ongoing actions speaks volumes, i.e., mill work, posting of money for bond, etc. And, to buy the stock at .0002 is a bargain. HOWEVER, I would NOT buy this stock at .0002 NOW because it is headed to .0001. BUY IT THEN, AND AT HUGE AMOUNTS. The current pps of .0002 is no different than a few months ago when the high was hovering at .0004, and then last month when it hovered at .0003. The dilution is a necessary evil for this company to continue forward. But, the MM's have clearly shown that they are manipulating this stock for other purposes. If the company cannt sell its stock because we refuse to play in this manipulated market, then hopefully we will see positive changes. Maybe we will see a reversal in the pps to reflect the true value of the company just based upon the mill, and reserves in place now. I see stocks trading at .50 that have nothing, and I mean absolutely nothing to offer but a wing and a prayer. This stock has everything to offer on risk/reward and it so low my calculator cannot multiple the outstanding shares by the pps. There just isn't enough room. Bottom line - why buy at a bargain now when you can buy it at .0001 because if you look at the pattern that is where it is going. I didn't think this way last month. But watching PR come out, followed immediately by a huge dump of shares, and then a tick down on the pps is disconcerting. But watching my orders fill at an amount less than I am willing to pay per share is just wrong, and quite frankly, pathetic. I am talking about putting a buy order in for a size much larger than the Ask and having it filled at that ask price, and then after a wait, fill again at the ask price instead of bumping up on pps. For starters, it is undisputed that the Bid and Ask are inaccurate; if not an outright misrepresentation. In either instance, it should represent a complete lack of confidence for any investor. I could care less that these are pink sheets. We don't deserve a lesser standard of intergrity or honesty in the financial system because we are investing in high risk start-up companies. When buying a pink sheet stock we agree to a very high risk investment - NOT TO BE THE SUBJECT OF MANIPULATION. For anyone who disputes what I am saying, just place an order for an amount greater than the shown lot on the Ask and see what happens. You will be happy to get the stock, in its entirety, at the lower pps, which is great, but it will show you the inaccuracy of information posted by the MM's. The posters here on IHUB appear to be a like-minded group of investors, or at least, have a common interest in seeing this company make it big. As such, I suggest that everyone independently writes or emails the company with their own individual concerns, observations, and issues discussed on this board as it relates to their own experience in buying this company stock. It is unlikely, but quite possible, that the company does not know these complaints. But, if they do, and ignore, then let's start documenting the same. It may be very helpful down the road, and if for nothing, keeps the company honest when faced with a decision on a r/s or buyout with compensation based upon the type of stock owned. Can someone post the email address, by link, to the company, so it is very easy for each poster to email the company? gg
I put an order in today for 500,000 when the Ask was .0002 x 400,000. My order filled within 30 seconds in 3 parts: 350,000 at .0002; and 50,000 at .0002 and last at 100,000 at .0002. It was as if someone had to go search for the last 100,000 shares at .0002 to sell instead of just filling it at .0003 for which there were millionos of shares just waiting to be sold. In other words, I was willing to pay .0003 per share. There were millions of shares in a hold at .0003. I know that because the Ask was at .0003 with a huge volume just minutes prior to the drop to .0002. To me, this reflects that the MM's want to sell the shares at a lower price than what a buyer is willing to pay. They have to search for shares to be sold at a lower pps once the Ask at that price is wiped out. I posted my observation of this type of conduct back on November 15th and 16th.
gg
I'm back. You don't have to look far on google to find Guyer's background. He is a chaplain, which leads me to believe there is a very good chance that his efforts are positive, and for those he is responsible for (i.e., shareholders). Further, his background listed at "Linked-In" is as follows:
Stephen Guyer's Summary
Entrepreneurial executive over 30 years company stewardship, finance, legal, HR, operations, marketing, and IT oversight focused largely within the telecommunications, financial services and information technology arenas. Proven change agent and partnership builder, experienced in start-ups, turnarounds, rapid growth and structuring organizations for private placement, IPO or profitable sale.
MBA, Finance, and Master of Arts, University of Denver, both with honors, 1982 and 83; complementing a BA, Metropolitan State College, Magna Cum Laude, 1980, and BS, McPherson College, 1973. Additionally conducted doctoral studies, the Peabody Conservatory of Johns Hopkins University and international studies (Japan, Hong Kong, Asia, and Africa), World Campus Afloat, Chapman College. Stephen is a published writer, monthly columnist, and former university faculty member.
SpecialtiesFinance, legal, HR, operations, marketing, and IT oversight focused largely within the telecommunications, financial services and information technology arenas
++++++++
Guyer holds himself out to be a "proven change agent" and experienced in "start-ups" and "turnarounds" and "rapid growth" and "structuring organizations for private placement" and "IPO" and my favorite ..... "PROFITABLE SALE." Do you need any more writing on the wall than this?
Take the foregoing, and the positives we all know, proven reserves, a mill, and the bond posted for the permit and clean-up process. I'll say it again, why would any sham company looking to only sell stock put up $500,000 to continue with site clean-up? They wouldn't. This company is obviously packaging up a big sale, and they are doing it with precision timing. With the financial markets imploding, and gold and silver preparing to take center stage, a sale will be maximized. This is only my opinion. However, you can see the resistance today to a stock dip. I think many bid sitters are going to be terribly sorry that they didn't buy at the ask when the pps is so low; and they know it but just want to accumulate more at a bargain price. Great if you can get it, but just remember, many could have bought at .0002, but just sat at .0001 and missed out big time.
gg
I just purchased 500,000 shares at .0003. The stock moved up to a pps of .0003. Someone please let me know who you see on your trading platform sell at .0002, when, and how many shares. Thank you.
I just bought 100,000 shares and put my limit at .0003. The bid was over 1 billion at .0001. And, the ask was .0002 x 5000. My assumption was that once 5000 shares filled, the next 95,000 would fill at .0003. Again, it filled with two orders at .0002. The first was 5000 shares, and you guessed it, the second was 95,000 shares. I am keeping a paper trail, and documenting what is going on here with the misrepresentations and manipulations with these brokerage firms. I have never seen anything so blatant as what we are seeing with these MM's. It is a shame considering the potential of this company. They have assets, and are clearly working towards mining the vast potential in the ground with gold and silver. The most obvious example of corporate due diligence to its shareholders is the fact that the company posted a $500,000 bond with Colorado to continue with its permiting process. Do you know any company that would put up that kind of money if the only purpose of the company is to sell stock to keep its principals enriched to the tune of considerably less than most dual income Americans earn per year? You can see the progress. Another point, my guess is that Guyer doesn't return calls or say a word to anyone because if he spoke to anyone (especially in response to this Board) it would spread like wildfire, most likely be misconstrued, and would give the appearance of a leak or pumping by company officials. It's actually smart that he says nothing considering where the company is right now. If the assay results are terrible, it would be just as bad for someone on the Board to say he or she spoke with him and a frenzy ensues over the statement or post. If the assay results are great, then the same situation. The bottom line is that the "no communication" in light of all the other positives appears to me as something is being put together, or news on the drilling/assay, is coming in the near future. As to the mill permit, it is not important right now. In fact, do you really think it's a good idea to have a permit issued but no assay results? Do you think it's important to have a permit issued and you have to import another company's ore to mill? That would mean giagantic start up costs - and the company doesn't have that money yet. In fact, a mill permit being granted would cause a frenzy and then a complete let down when nothing happens; and again, until assay results. However, if you haven't noticed this company is acquiring, acquiring, acquiring. Even if they acquire what appears to be another flailing company, they are doing it smartly, and for a reason. I said it before, Guyer's background is about getting companies on their feet and sold. I think we will see a sale of company in the future. I could be next week, or next year. My guess is that the company, with all of its acquired assets, will be worth a lot when hell breaks loose with the soveriegn debt crisis unleashing gold and silver to heights that will make the 1979/80 era look like tame. While the fed reserve and central banks around the world have been calling gold a relic to the news media, they have been quietly acquiring gold over 550% more in than last few years than they ever have. Silver's historical corelation to gold, and its recent demand for industrial use, will make it the greatest investment in the last century. And, the junior mining companies will go up like a spring board so much that it will make the dot.com era look insignificant. You will not see this stuff on the 6pm news, or on the front page of your paper. Most of you already know that you have to search news on alternative sites to obtain this kind of information. Only in the last month has the liberal media been touching on these subjects. About 3 months ago I saw a news clip of a reporter talking about gold and she said that gold is a bubble because it is "not backed by anything." That alone should make us all turn off the tv. When you take all the stories, put them side by side, and focus, it's scary what you begin to see.
As I write this, someone actually sold shares at .0001. This is exactly what I am talking about it. The stock has an ask at .0003 at open today, and it does to .0003 on a small trade. But, once the MM's got involved the .0002's get unleashed. And, once in a while they bleed in a few at .0001 to keep the stock pps artificially supressed. Unless something is done about this, we can all just wait until the .0002's are gone, and then we can relive this entire exercise at .0003, and so forth.
Good luck.
Your welcome. I have seen your posts in the past, and they are very good. I was just trying to impress that we all know something is amiss with the suppressed pps, but bid sitting is not going to work. Great if you get it, but it appears that everyone on this Board is like-minded, nice, and only wish to make an exponential profit on this stock. If my large position and observations make a difference to anyone then maybe it means buying more at a low pps, albeit not the .0001, while you have a chance. The only place lower than .0001 is Q; or r/s, and I doubt the Q is going to happen. They have enough shares to pay out costs for a while.
Yesterday, I explained my experience that no matter how many shares you purchase there is an endless stream of shares just waiting to be dumped at the ask of .0002 - even when the ask is only showing a lot of 5000. I put in an order at .0003 for 100,000 shares when the bid was .0002 x 5000. The order filled at .0002 for 5000 shares, and then a second order filled at .0002 for 95,000 shares. The ask never went up to .0003 as it should have done. Today, I was busy but checked after close of markets and noticed that the ask is .0003. However, the pps is still at .0002. No shares sold at .0003. The manner in which this stock has moved over the last month or so defies everything regarding supply and demand and trading. Now, as to the bid sitters. it would be very nice to acquire shares at .0001 but you missed the boat. I own 100 million shares purchased at an average of .0004; and then picked up 67 million more at .0002. By tomorrow when this stock goes to .0003 I will have nearly averaged out 167 million shares at 0003. I could have sat at .0001 but did not. The point is, don't whine about the low pps when you had an opportunity to buy at .0002. This stock is going to go back up. It won't go very high due to the number of outstanding shares but it should go to 3 to 5 cents. And, that will happen when the the endless supply of shares being sold at such low levels stops. No one bought this stock at .0001 -or at least in sizable quantities, i.e., any shares you got were the subject of a dump to keep the pps low. Thus, the endless supply at .0002 is coming from someone minipulating the pps for a specific purpose; or someone who has cold feet and is dumping at a loss. Due to the huge quantities selling at .0002, it is highly unlikely that such a person would either sell at a loss or not recognize the value of the stock. If it is a debt holder converting shares, then so be it. But, it still defies common sense. A debt holder would not wish to have the pps artificially suppressed so it could get a lower pps. If the stock was free to move upward on demand, the debt holder converting would average up higher on each sale. This stock should be at at least 1 cent. I own a lot of other stocks in gold and silver junior minors and sees all the trends. This stock is being pushed down on purpose. Someone said it was the shorters. Who shorts a stock at .0002? What is there to short? I will say it again, my guess is that the stock is being pushed down to artificially suppress the pps to allow someone or some institution to "accumulate." Thus, we are in an "accumulation period." So, the question is are you going to bid sit and miss the boat, or are you going to accumulate and average down what you have most likely purchased already at a higher pps?
No. I am saying that there is absolutely no reason why this pps did not go to .0003 once the ask was taken out, and then again the entire ask taken out when it was .0002 x 5000 (and the order was put in for 100,000 shares at .0003). They (as in whomever controls this) will NOT let the price go up. It defies all logic, and rules of trading. That, coupled with the fact that someone actually sells 195 shares at .0001 for a gross gain of 19.5 cents, reflects an all out effort to keep the stock pps very, very low. That can only mean an "accumulation period" wherein the company and its professional hired to ensure the stock doesn't go wildly up, and then back to start point again, is controlled in an orderly fashion until a set time. Otherwise, the public would get hyped up on the stock, drive it through the roof, and watch it fall within days. Who would ever want to buy stock in that company again? No one. Just look back at the posts over the proceeding months when everyone went wild on this Board guessing that a permit is coming, or assay results are coming out. In the end, this stock will either go up very methodically, or it will result in a r/s. I don't know if you know this, but if you check out the ALTO stock board you will see that Lee Rice (who was an independent board member) was terminated in last few weeks. However, if you read the Alto board, and check out that stock, you will see that they have already announced a r/s a month ago. And, they have internal turmoil with board members, most notably, its largest shareholder who was out, and then back in. I see it as Rice (who is well respected) probably disagreeing with the direction of that company, and probably not wanting to get involved in running a company that way, and doing a r/s. One may consider it very positive for CGFIA shareholders. Anyway, I believe the price is being held down artificially for whomever to accumulate. There is over 1.3 billion shares waiting to be purchased at .0001. That is incredible considering it is approximately 1/6 of the outstanding shares (and it can be no worse than 1/15 of all shares both outstanding and authorized but not outstanding). What company have you seen where the entire shift of 1/6 is waiting to be purchased for a bargain price? That is either a lot of shareholders hoping to buy at a bargain price; or someone or some institution seeing the writing on the wall with this stock and coming in real big. And, if you were going to buy a lot of shares, wouldn't you want to buy them at the lowest possible price per share? Good luck.
Again, something is wrong here. There was only 1 million on the ask at 3:50 p.m. I put a purchase order in for the 1 million at .0002. It went through after about 30 seconds. The ask then reflected .0002 x 5000. It should have gone up to .0003, but did not. I then put an order in to purchase 100,000 at .0003. The order filled at .0002 for 5000 shares, and then a second order filled at .0002 for 95,000 shares. This tells me that whoever is running or setting the ask is not disclosing that there is an unlimited (apparently) amount of shares to be dumped at the ask behind the generic .0002 x 5000 when it is emptied out. The only reason behind such MM is that we are in an "accumulation period" and the stock is being artificially held down. Otherwise, it would bump up to the next tick when the ask is completely sold off. By the way, I own 166 million shares and have been following this stock for some time now. This stock is going to go up a little when the company is packaged up for sale (or the assets, etc.). Guyer's background is all about getting companies ready for a resale or takeover.
There is some serious manipulation going on here. Immediately after the sale of a lousy 195 shares by someone at .0001 (for a whopping net of 19.5 cents), the stock later went up to .0002 with a 5000 buy, but the ask did not budge at all - it stayed at 3,955,000. Now, the ask is about 20 million as someone seems to have an endless supply of shares at .0002. So, they got them at .0002 and want to sell for no profit because they certainly didn't get them at .0001. If they did, they sold 5000 at .0002 after a purchase (luckily) at .0001. My question is, does anyone have a clue as to what is exactly happening? Is there is legitimate reason why someone or some brokerage firm is even interested in minipulating this stock from .0001 to .0002 and back and forth as they are doing?
The ask was just completely taken out at approximately 16 million shares at .0002. However, the instant the trade went through another approximately 4 million shares appeared on the ask at .0002. I would have expected the ask to go to .0003. Can anyone explain why this happened? How do 4 million shares immediately dump into the ask at .0002 at the exact time the ask was wiped out at .0002? Thanks. GG
I am a new poster to this Board. However, I have been following it for a few months now. You can add 101,750,000 to the flotilla. Although this stock is diluted, the potential upside for the stock to go to 5 cents appears to be a good bet. Let's hope that Guyer/Rice do not r/s this stock. Such a move will be totally self-serving for them. As soon as they get assay results and/or permit to become operational they need to repurchase the authorized but unissued shares, and do a repurchase of share on the open market. This would be an ethical approach by management to serve all shareholders. Otherwise, they will undoubtedly be the subject of further inquires.
golden grog