Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I just googled Mac Shahsavar and didn't like what I read. Apparently, Janet is his wife.
I'm up about 200%. Maybe I should reconsider and sell after reading the post below. But it appears he has a record of running up stocks to insane heights.
Caveat Emptor on this one.
--------------------------------------------------------
July 31, 2002 9:19:05 PM
"Well there's got to be lots of people out there who have been ripped off by this con artist operating out of Winnipeg. His current scam is called "The National Group of Companies." He made a run on ITET last spring and they punched him in the nose and he ran off bleeding. As of July's end his current scam is a website run for him by a US broker who had his NASD license revoked for fraud. They call the site"longandshortreports.com" and it's run by a creepy little guy called Leonard Mauck. Mauck and Shahsavar apparently use it like Elgindy used his websites to pump shady deals and short the good ones.
Shahsavar may be trying a new game: using shady Canadian brokerages to go naked short in OTCBB stocks wnough for him to get numerical control. If he can pull it off on GECC, he may pioneer a whole new avenue of fraud. He'll probably have his wife Janet apply for a patent for the process and then sign a fake licensing agreement with himself and tout it to $7 a share.
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=NHMCD&t=list&m=5415645&l=0&pd=0&r=0#5ZzAVzqQ63Tm2SAm.99
---------------------
Mac's BusinessWeek profile:
Age:54
Mac Shahsavar serves as Chairman of the Board, Director, and Chief Executive Officer of Worldwide Golf Resources Inc. Mr. Shahsavar is currently President and Chief Executive Officer of National Healthcare Manufacturing Corporation, a NASDAQ listed company. National Healthcare Manufacturing Corporation is a provider of medical supplies. Prior to serving as President of National Healthcare Manufacturing Corporation, Mr. Shahsavar was President and Chief Executive Officer of Excelco Systems, Inc.
That's interesting.
"We would like to thank the WSA for their support throughout this transaction and we look forward to making this company a leading gold producer," said Mac Shahsavar, Chairman and CEO of Ghana Gold Corp. "We will now immediately undertake to develop a plan to increase production in our newly acquired gold property," further added Mr. Shahsavar.
So Mac Shahsavar related to Janice Shahsavar, a major owner?
Janice Shahsavar
20,000,000 (9.95% of common shares)
I'm assuming Mac is a real name or a male nickname and not a nickname for Janice.
According to the Dec 31, 2012 annual report:
Elaine Affleck – CEO and Director
I'm not sure if anything has changed. If Ms. Affleck closed the deal, she's deserving of the position, IMO.
Here's something interesting with the 2012 annual related to major owners (5%+):
Guarda Investment Group Ltd.
90,000,000 million shares (44.98% of common shares)
Janice Shahsavar
20,000,000 (9.95% of common shares)
Google them both. Not much information.
I don't know if it will or will not happen. But I'm not comfortable when something takes more than 3 months to deliver.
MIAMI LAKES, Fla., Feb. 19, 2013 /PRNewswire/...
In addition, Fuse Science has partnered with world-class athlete and CrossFit trainer Nathan Forster , co-owner and operator of the exclusive Reebok CrossFit gyms in New York and Miami and equipment supplier to CrossFit facilities all across the United States. All three Fuse Science products are being shipped into the Reebok CrossFit facilities.
What delivery method did they use that's taking so long? Rickshaws and the rickshaw drivers went on strike?
It doesn't sit well with me is all I'm saying.
I'm completely out, bro. I had high hopes for the Crossfit deal and didn't like the way it unfolded.
Good luck everyone. I sold some during the last pop and now I've closed my DROP position.
Lack of faith in management
MIAMI LAKES, Fla., Feb. 19, 2013 /PRNewswire/...
In addition, Fuse Science has partnered with world-class athlete and CrossFit trainer Nathan Forster , co-owner and operator of the exclusive Reebok CrossFit gyms in New York and Miami and equipment supplier to CrossFit facilities all across the United States. All three Fuse Science products are being shipped into the Reebok CrossFit facilities.
Three months later, I don't think Crossfit carries any Fuse products.
What happened to the Damon John play?
They've been stringing some investors along with the Macular Health angle for far too long. Clinical trial starting in July...a clinical trial can take years...
It's been almost 1.5 year since Tiger Woods' announcement and management hasn't translated the partnership into financial success.
Overall general market condition. Fuse's market cap. is $32 million with under $1 million revenue. If the market takes a downturn, companies like Fuse will drop hard. I've sold all my stinky pinkies, with the exception of one.
Good luck to everyone. I hope to be back in few months to congratulate all longs.
Huge bid between the bid and ask. If the gap closes, $.10+ is possible, IMO. Need more buyers, though.
Today wasn't the best day to release a PR after Mr. Bernanke's speech yesterday.
Value play or value trap?
TSYS
OCLR
OCZ
All three have similar metrics.
I loaded up on XIDE at $.86 and $.90.
Market cap. $75 million
Total equity $200 million
Projected revenue ~ $3 billion.
Something's got to give.
It's amusing that many major gold and mining companies are dropping to their 52-week low and GGCO is the only gold company I know that's going up.
The 52-week low board is littered with gold and mining companies.
http://www.barchart.com/stocks/nyselow.php
If the gold market turns out to be the housing market a few years ago, then there's an enormous opportunity when the bottom hits to buy in and ride it back up.
AEM Agnico-Eagle Mines 28.44 +0.52 +1.86% 28.50 27.66 652,894 11:46
AU Anglogold Ashanti 16.58 -0.54 -3.15% 16.60 16.24 4,675,992 11:46
AUQ Aurico Gold Inc 4.36 +0.08 +1.87% 4.45 4.24 866,078 11:46
AUY Yamana Gold 10.71 +0.30 +2.88% 10.74 10.34 2,688,309 11:46
EC Ecopetrol S.A. 43.40 -0.89 -2.01% 44.24 43.39 286,869 11:46
EXK Endeavour Silver Cor 3.88 +0.03 +0.78% 3.88 3.72 571,084 11:46
FSM Fortuna Silver Mines 2.70 +0.08 +3.05% 2.71 2.56 91,655 11:46
GFI Gold Fields Ltd 5.75 -0.06 -1.03% 5.79 5.65 2,606,602 11:46
GG Goldcorp Inc. 26.44 +0.62 +2.40% 26.47 25.54 2,585,676 11:46
HMY Harmony Gold Mining 3.66 -0.10 -2.66% 3.74 3.63 1,979,452 11:46
LFL Lan Chile S.A. 19.19 -0.09 -0.47% 19.41 19.16 68,186 11:46
RIOM Rio Alta Mng Ltd 2.97 +0.14 +4.95% 3.01 2.81 19,792 11:40
SA Seabridge Gold 9.50 +0.20 +2.15% 9.50 9.20 179,845 11:46
SBGL Sibanye Gold Limited 2.78 -0.13 -4.47% 2.90 2.78 424,234 11:45
SLW Silver Wheaton Corp 22.22 +0.45 +2.07% 22.25 21.45 2,280,439 11:46
SVM Silvercorp Metals
I'd be up over 100% if I sold now. It's so tempting, but I feel the price is being methodically walked up for a purpose.
I'm guessing this is significant news because they're releasing it 8:00AM, Monday. The market opens at 9:30AM and they want 90 minutes for the market to absorb it before trading begins.
We'll see how the market reacts.
The norm is bad news on Friday and good news on Monday. I'm guessing good news.
Still waiting for GGCO's March gold production report.
A contrarian investor would wait until the gold industry bottoms out before going all-in.
----------------------------
Gold Miners Lose $169 Billion As Price Slump Adds ETF Pain
APRIL 18, 2013 • BLOOMBERG NEWS
Gold producers, ignored as global stocks rebounded in the past two years and investors turned to exchange-traded funds that track bullion, face closing mines or shutting themselves down after the metal’s worst slump in three decades this week made 15 percent of miners unprofitable.
Barrick Gold Corp. and Newmont Mining Corp., the world’s two largest producers, are among companies in the FTSE Gold Mines Index that have collectively lost about $169 billion in market value since bullion peaked in 2011. Gold equities are trading at the lowest level relative to gold in at least 20 years after the metal’s 14 percent plunge so far in April.
This month’s futures price drop to as low as $1,361.10 an ounce brings gold closer to the global average production cost of about $1,200 an ounce, according to Nomura Holdings Inc. That puts producers such as Canada’s Semafo Inc. and Golden Star Resources Ltd. at risk of mine closures or “financial distress” if prices fall to that level, according to Macquarie Group Ltd. Tanzania, Africa’s fourth-largest gold-producer, said a sustained slump may shut mines there.
“Any company that hasn’t been focused on efficiencies and costs for the last three to four years is going to fail in this market,” said Gavin Thomas, chief executive officer of Sydney- based gold miner Kingsgate Consolidated Ltd.
Gold’s 9.3 percent plunge on April 15, the biggest one-day drop in New York since March 1980, couldn’t have come at a worse time for gold companies.
Rising Costs
Despite 12 consecutive years of rising gold prices, shareholders have lost faith in the gold-mining industry, which has seen soaring production costs and made money-losing acquisitions. Investors have instead flocked to exchange-traded funds, or ETFs, such as the SPDR Gold Trust, which are backed by bullion and track the price of the metal.
The FTSE gold index, which tracks 27 of the largest producers, has plunged 58 percent to yesterday since bullion hit a record on Sept. 6, 2011. Over the same period, the MSCI All Country World Index, which tracks 2,431 global stocks, climbed 22 percent.
“Gold companies have underperformed the gold price for more than the past 20 years, quite simply because they make as little money today for shareholders as they did at $300 an ounce,” Brenton Saunders, who helps manage about $600 million at Taurus Funds Management Pty., said from Sydney.
Starved of fresh capital, smaller mining companies that carry out exploration and development were already being squeezed before this week’s price crash. There are too many companies in need of financing and there will be production stoppages as some of them cut expenses, said John Ing, CEO of Toronto-based brokerage Maison Placements Canada Inc.
Geopolitical Risk
“If the price stays where it is, you will see a slew of closures of smaller, non-producing companies and the majors pull way back on any new projects,” said Ken Hoffman, a Princeton, New Jersey-based analyst at Bloomberg Industries.
Companies relying on a single asset and those in Africa, already struggling with deteriorating geopolitical risk over the past year, will find it more difficult to convince banks to fund projects, Tyler Broda, a gold analyst at Nomura in London, said by phone from London on April 16. Tanzania, where Barrick and South Africa’s AngloGold Ashanti Ltd. operate, is concerned that continued price weakness will discourage investment and lead to mine closures, Ally Samaje, acting minerals commissioner, said April 16.
At current prices, “probably 15 percent of global gold miners from our calculations would be under water at the moment,” Broda said. He predicts gold could fall to as low as $1,000 an ounce this year. Gold for June delivery gained $1.70 cents to $1,384.40 an ounce at 5:47 p.m. in Sydney.
Mine Review
“Golden Star, like other gold producers, is assessing the effect of the fall in the gold price on our budget and production plan,” President and CEO Sam Coetzer said in an e- mail. “We are also reviewing the discretionary capital component of our capital plan for 2013.”
Semafo, which mines in West Africa, may close its Samira Hill mine in Niger, Macquarie analysts said in an April 16 note. Sofia St. Laurent, a spokeswoman for Semafo, didn’t immediately respond to phone calls and an e-mail seeking comment. Omar Jabara, a spokesman for Newmont, said the Greenwood Village, Colorado-based company will continue to rein in costs. Andy Lloyd, a spokesman for Barrick, declined to comment on whether the company’s African Barrick Gold Plc unit could shut mines in Tanzania.
Spending Cuts
Some other miners are already contemplating cost reductions. Petropavlovsk Plc, a London-based miner of gold in Russia, may suspend inessential investment plans and cut exploration spending should prices stay weak, Chairman Peter Hambro said April 16 in an interview.
AngloGold Ashanti Ltd. is reviewing each of its 20 operations “to extract operating efficiencies,” said Alan Fine, a spokesman for the Johannesburg-based company. South Africa’s Harmony Gold Mining Co. said its average so-called all- in cost of production in the six months ended Dec. 31 was about $1,446 an ounce.
“We are currently in the next planning cycle and will obviously take the new gold price level into account,” Harmony CEO Graham Briggs said in e-mailed comments.
To be sure, even if prices don’t recover, some companies will continue to be profitable. Barrick’s all-in production cost, which includes everything from exploration to waste-rock removal expenses, was $972 an ounce in the first quarter. Newmont’s all-in cost was $1,192.
Top Pick
In Australia, low-cost producers including Beadell Resources Ltd., Regis Resources Ltd. and Newcrest Mining Ltd., the country’s largest producer, are likely to withstand the rout better than their local peers, said Vincent Pisani, an analyst at Shaw Stockbroking Ltd. in Melbourne.
Goldcorp Inc., the biggest producer by market value, is the “top pick” among North American producers because it has a strong balance sheet and low-cost assets, Macquarie said. Yamana Gold Inc., New Gold Inc. and Agnico-Eagle Mines Ltd. could also withstand lower prices without changing their plans or depleting lines of credit, analysts at RBC Capital Markets said April 15.
Furthermore, gold may still rebound from current levels. Bullion for immediate delivery will average $1,717 this year, according to the mean of 29 analyst’s estimates compiled by Bloomberg.
“We’ve historically seen breaks like this in precious metals and we’ve always seen it bounce back,” Maison’s Ing said. “There is no certainty the price that we see today is going to be the price that we are going to see next year or the year after.”
As you can tell, the legal minefiled is not my specialty.
--The LOI was signed by WSA on April 8. http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=102994
--On the April 9th, GGCO released a PR that included, "The terms of the Letter of Intent are to be confirmed in a mining rights acquisition agreement schedule to be signed on or before April 20, 2013."
"Perhaps they meant 2014..."
--In one section of the signed LOI," (F) Expediency. All parties would use all reasonable efforts to complete and sign the Purchase Agreement on or before April 16, 2013 and to close the transaction on or before May 1, 2013."
April 16 has passed. Have they signed the Purchase Agreement?
The "reasonable efforts" clause is open to interpretation...
What is the precise meaning of "executed copy of Letter of Intent"? Did they carry it through?
The PR said that the deal was to close on or before April 20th. It didn't say when it would be announced IF they finalized it. A big IF in stinky pinkie land.
IF the deal goes through GGCO could be $2 stock even after 500 million new shares are issued. On paper the deal looks like a good match between an organization with mining equipment and expertise with one that has rights to gold reserves. At the same time, the agreement appears complicated on paper so I'm not completely convinced a pinksheet could execute it. Time will tell...
We're still waiting for March's gold production report.
----------------------------
New York, April 08, 2013
Subject: Letter of Intent signed with Ghana Gold Corporation
As it relatesto the granting of mining rights to WSA’s Gold
Concessions In the Central African Republic (CAR)
Dear Mrs Affleck:
Further to the recent exchanges and negotiations between our respective organizations, we are pleased to provide you with an executed copy of the Letter of Intent between GHANA GOLD CORPORATION and the WORLD SPORTS ALLIANCE INTERGOVERNMENTAL ORGANIZATION (WSA).
We look forward to the swift implementation of this very promising venture which shall mark the starting point for the deployment of WSA’s SocioEconomic Initiative in the Central African Republic within a framework that also greatly benefits the private enterprise participants.
Also, in accordance with the letter of Intent, we have attached for your review and approval, the text of a Press Release, WSA would like to put out in the coming days. Kindly, get back to us at your earliest convenience.
World Sports Alliance
The President H.E. Alain Lemieux - PresidentLemieux@wsaigo.org
Presidential Suite in New York – Trump World Tower
845 United Nations Plaza - Suite 43B, New York - NY 10017 - United States
Tel: 1 212 202 1629 - Fax: 1 914 462 3544
www.wsaigo.org
http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=102994
--
Coaxed the message out with tweezers? It came like that? I'm not sure.
This waiting game better be worth it...
I got a reply from SIAF's Chinese IR department.
http://realmean-translation.com/Chinese/technical/document/samples/BusinessLetter.jpg
I said I didn't know what that meant and they sent me a second reply.
http://static6.depositphotos.com/1008504/538/i/950/depositphotos_5384808-Fortune-cookie.jpg
"...-if that is the case is that fear based on something tangible such as past experiences here or just a basic fear of not being able to trust some Chinese businesses."
Just "some" is right, as in Chinese RTOs (reverse mergers), which SIAF is. After the debacle in the last 3 years with Chinese RTOs, many U.S. investors won't come near them. However, most U.S. listed Chinese non-reverse mergers are doing extremely well.
Whether deserving or not, SIAF has been cast in with the bad apples. My opinion is that SIAF is dead money for a long time unless it makes it to the FN or gets off the U.S. OTC.
Wen wee goh toi FN en thee pee pee s $1.50? Noh noh FN weeh en big trouble.
This upcoming week could be very interesting. Both parties have commented on the LOI.
“We are pleased to be working with this dynamic team with extensive experience in gold mining operations and, particularly in Africa” said H.E. Amb. Alain Lemieux, President of the World Sports Alliance Intergovernmental Organization. “We understand that Ghana Gold is a young company, but we are prepared to offer the necessary support and assistance to see this enterprise develop into a major gold producer” further added Mr. Lemieux.
...
"We are pleased to have concluded our negotiations with the WSA-IGO and its project integrator WSA-Global" said Elaine Affleck, Chairperson and CEO of Ghana Gold Corp. "The mining rights represent a tremendous opportunity for our company, our shareholders and partners." further added Mrs. Affleck.
We'll soon find out if this stinky pinkie is the exception.
---------------------------------------
The World Sports Alliance Intergovernmental Organization (“WSA-IGO”) Signs Letter of Intent with Ghana Gold Corp.
New York, NY – Tuesday April 9, 2013 – The World Sports Alliance Intergovernmental Organization is pleased to announce the signing of a Letter of Intent with Ghana Gold Corp. to grant the mineral exploration, production and commercialization rights to gold concessions with USD $5 Billion in recoverable gold in the Central African Republic (“CAR”).
According to the Letter of Intent and Planned Transaction, the WSA-IGO, through WSA Global (the “WSA Integrator”) will grant to Ghana Gold Corp mineral exploration, production and commercialization rights to gold concessions in the Central African Republic to enable the WSA Integrator to provide the necessary means for the deployment of the WSA-IGO’s socio-economic initiative within the WSA member state of the Central African Republic.
The mineral exploration, production and commercialization rights will be granted directly by the WSA-IGO in such a manner as to enable Ghana Gold Corp to operate under the permits, agreements and approvals of the WSA-IGO, the whole under the umbrella offered by the Intergovernmental Organization, but within the Central African Republic. The mining rights to be acquired by Ghana Gold Corp. will relate to USD $5 Billion in recoverable gold.
According to the terms of the Letter of Intent, Ghana Gold Corp. will issue a controlling block of 500 million restricted common shares, a $250 million, 10-year corporate debenture carrying yearly compounded interest of 6% and the remittance of net smelting royalties of 2.5%. Ghana Gold Corp. will also be required to commit to a 10 year work program.
Within the framework of this transaction and of the issuance of the 500 million restricted common shares, the WSA Integrator shall convey to the other WSA member states (the “Recipients”), a total of five percent (5%) of the shares issued in consideration of the mining rights. Thus, thirty (30) WSA member states will each receive 833,333 restricted common shares of the capital of Ghana Gold Corp. to be remitted to the WSA-Member State Development Funds created within the scope of the development of the WSA’s Socio-Economic Initiative within the territory of each Recipient Member State.
“We are pleased to be working with this dynamic team with extensive experience in gold mining operations and, particularly in Africa” said H.E. Amb. Alain Lemieux, President of the World Sports Alliance Intergovernmental Organization. “We understand that Ghana Gold is a young company, but we are prepared to offer the necessary support and assistance to see this enterprise develop into a major gold producer” further added Mr. Lemieux.
About the WSA-IGO
The World Sports Alliance Intergovernmental Organization created under the 1969 Vienna Convention with the distinguishing factor being that the WSA does not solicit contributions from its Member States but rather is a self-funded organization with a business model based on establishing Public-Private-Partnerships (“PPP”). The World Sports Alliance Intergovernmental Organization currently has 31 member states including but not limited to the Kingdom of
Morocco, the Dominican Republic, the Republic of Panama, the Central African Republic, the Republic of Ghana, the Republic of Congo, and the Republic of Chile.
For more information on the World Sports Alliance, please visit the website at www.wsaigo.org
WSA-IGO Headquarters: Tel. +1 (212) 202-1629
Mr. Olivier M. Latulippe, Chief of Staff of the Executive Office of the President
Tel. +1 (646) 299-9091
Email: presidentlemieux@wsaigo.org
About Ghana Gold Corp.
Ghana Gold Corp. is a gold exploration and alluvial gold production company with properties in the Republic of Ghana. Ghana Gold Corp. seeks to expand operations to other neighboring African countries, which have a great gold mining opportunities.
Investor Relations, info@ghanagoldcorp.com
Tel 1.866.340.3095
--The terms of the Letter of Intent are to be confirmed in a mining rights acquisition agreement schedule to be signed on or before April 20, 2013.
--monthly gold production due this week also.
----------------------------------------------------
Ghana Gold Corp signs letter of intent with Intergovernmental agency to acquire significant gold mining
Friday, Apr 12, 2013
NEW YORK, April 9, 2013 /PRNewswire/ -- Ghana Gold Corp. (PINKSHEETS: GGCO) announced today that it has signed a letter of intent to acquire significant mineral exploration, production and commercialization rights in the Central African Republic.
According to the Letter of Intent, the World Sports Alliance Intergovernmental Organization ("WSA-IGO") will grant to Ghana Gold, mineral exploration, production and commercialization rights to significant gold concessions of the WSA-IGO and, specifically, in connection with the mining concession already granted by the Central African Republic, a member state of the WSA-IGO. The rights to the mining concessions will be granted, in such a manner as to enable Ghana Gold to operate under the permits, agreements and approvals of the WSA-IGO.
The terms of the Letter of Intent are to be confirmed in a mining rights acquisition agreement schedule to be signed on or before April 20, 2013.
The previously announced acquisition of FoundersMM in Ghana, by Ghana Gold has been terminated in order to concentrate on the existing gold exploration and production in Ghana and to successfully conclude the acquisition of the WSA-IGO mining rights in the Central African Republic ("CAR").
"We are pleased to have concluded our negotiations with the WSA-IGO and its project integrator WSA-Global" said Elaine Affleck, Chairperson and CEO of Ghana Gold Corp. "The mining rights represent a tremendous opportunity for our company, our shareholders and partners." further added Mrs. Affleck.
About the WSA-IGO
The World Sports Alliance Intergovernmental Organization created under the 1969 Vienna Convention with the distinguishing factor being that the WSA does not solicit contributions from its Member States but rather is a self-funded organization with a business model based on establishing Public-Private-Partnerships ("PPP"). The World Sports Alliance Intergovernmental Organization currently has 31 member states including but not limited to the Kingdom of Morocco, Dominican Republic, Republic of Panama, the Central African Republic, the Republic of Ghana, Republic of Congo, and the Republic of Chile.-
http://www.wsaigo.org
They can file a FORM 12b-25 NOTIFICATION OF LATE FILING.
Example of Form 12b-25 below from CBP. Then a compliance plan is submitted.
--------------------------------------
The Company has encountered delays in completing its consolidated financial statements for the period ended October 31, 2012 and its annual audit for the fiscal year ended October 31, 2012. As such the Company has been unable to complete and file its Form 10-K for such period. In addition, the Company has experienced a corresponding delay in completing its Form 10-Q for the period ended January 31, 2013. As such, the information necessary for the filing of a complete and accurate report on Form 10-Q could not be gathered within the prescribed time period without unreasonable effort and expense. The Company remains committed to completing its Form 10-Q for the period ended January 31, 2013 at the earliest possible time, but does not currently anticipate its completion within the fifth calendar day following the prescribed due date.
http://www.sec.gov/Archives/edgar/data/926844/000100127713000017/form12b-25.htm
Since it’s been ho hum in SIAF land I decided to use the time wisely for proper due diligence. I found a traditional Chinese letter issued by Solomon Lee to shareholders:
http://roflcon.org/wp-content/uploads/2010/03/fortune-cookies0.jpg
It's important to note that the information is for FITXD
Shares Outstanding: 341,100,000 a/o Apr 02, 2013
Unless there was a reverse split, I'm assuming that the 341,100,000 shares will be added on top of the previous ~700 million for FITX, making the O/S 1+ billion once we're back to FITX.
If anyone else has a different interpretation of the data, please share.
I think the dust has settled now, providing OTCmarkets' information is correct. Just taking a dip before we go for a run.
Market Value: $3,342,780 a/o Apr 10, 2013
Shares Outstanding: 341,100,000 a/o Apr 02, 2013
Float Not Available
Authorized Shares Not Available
Par Value 0.001
http://www.otcmarkets.com/stock/FITXD/company-info
$FITX
I think know where SIAF's pps is heading based on all the available information.
http://s1.hubimg.com/u/146856_f520.jpg
If you reaction was WTF? Join the club.
--
"...a guy holding some sausage."
That could be construed as hilarious by some. LOL.
I'm out. 100%+.
My first banko play and I got lucky.
GLTA.
Need that FN listing about now.
$SIAF
"It was to clean up balance sheet with on going sales you will see a huge turn around in Q1!!!"
I sincerely hope that is the case because there are many good people on this board and shareholders who deserve to make their money back.
Please ID, please, my friend. Stick to your charts and leave the accounting to other people.
You do know the difference between COGS and SG&A, right?
Inventory is an asset. YES! But if you sell inventory at a loss, which MSLP has been doing for the last 4 years, it becomes a liability. Not an asset! If you make something for $1.20 and sell it for $1.00, how is that an asset?
This is the gist of what you're saying:
--a company with 4 consecutive years of losses and negative equity will suddenly show a $14+ million plus turnaround in a few months. Anything is possible.
Goood niiigghhhhttt!
"It does as if it is working money to buy product that product becomes an asset!! "
So, now you're saying the money will be used to produce product but not as liquid asset on the balance sheet? Which is it?
Gooodddd niighhttt!
Stick to your charts, dude.
You may be confusing equity financing with "shareholders equity." Two different things. Look up what WORKING CAPITAL means.
This is my last post on this board.
Do you know the difference between working capital and liquid/short-term asset?
Does working capital go on a balance sheet?
Stick to your charts, my friend. This accounting business may be way over your head.
Between January 16, 2013 and February 4, 2013, the Company issued an aggregate of 1,500,000 shares of Series D Preferred Stock for aggregate gross proceeds of approximately $12 million.
This becomes an asset!!
------------------------------
HAVE A GOOD ONE, MY FRIEND!
THAT'S ALL SHE WROTE. GOOOODDDD NIIIGHHHHHHTTT!
MSLP summer beach. Who’s on the left, who’s on the right?
http://spinachinourteeth.files.wordpress.com/2012/04/head-in-the-sand.jpg
2012: (9,758,000)
So you expect a company that has had 4 consecutive years of negative shareholders equity to make a $14,9758,00 turnaround in a few months? That is what is required to have a $5 million equity. Anything is possible.
The money they've raised was for WORKING CAPITAL.
Looks like you like girls by your avatar. I work with hot models in the summer. Check out my YouTube channel. Maybe we can hook up and talk stocks and girls. LOL.