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Thank you I will try this
SHORTS ARE NOT THE PROBLEM
BAC is not a 'pinky' (at least, not yet) It is a company that holds some stature in spite of the current malaise. BAC is in some large portfolios.
There is never a shortage of money for a GENUINE good thing. People who have acquired billions, and there are more than we realise today, did not make it by being foolish in where they put their money. They are like vultures always on the look out for something undervalued. And they have the people under them
who dig out the information from places we could never get access.
No shorting will take it far below real true value for long. There is far too much money in very shrewed hands that would jump
in if that should happen. Shares are at real true value when they provide a reasonable risk return on capital invested.
The markets are telling us that there is trouble ahead - and not just in the US. What we are experiencing is no ordinary 'correction' and it has little to do with the stock markets per se. They are merely reacting to greater causes. ( and I use the word 'cause' liberally (It has more than one meaning).
We can rest assured, that when the time is right for those who see things from a far different perspective than we do, they will have no problem in making the banks, and the economy, move.
I believe that BAC will still be here, in one form or another, but still in name, when the dust clears, and the 'all clear' sounds.
If we are a slick, and quick, mover, there is money to be made trading it. Just don't be greedy, be happy with small mercies.
Happy Days or as the Chinese believe - Crisis spells opportunity
CAN ANYONE HELP ME? I am plagued by my text within the same paragraph jumping too quickly to a new line before the paragraph requires.
I know a cynical reply would be - 'don't post'. But I am trustingly looking for a more helpful, as in constructive, response.
I have this problem in other sites, not just here.
The text always looks correct before it is transposed from the
box provided.
In anticipation - THANKS!
LIKE BAC, the Royal Bank of Scotland is (or was, hard to rank banks at the present) in the world's top ten. It is at present
in a part nationalized state. However, it still trades, and today the price is recovering.
Shareholders, like BAC's, have lost much in the price fall, but they are still in there.
As I posted earlier, there is now talk (I said TALK) of it soon being returned to full private sector status.
Something like this could happen with BAC, as I do not think they would risk the damage that fully nationalizing a company of the stature, and with the name Bank of America would do.
The Iranians and Koreans, even Russians, plus a few others would make a great media meal out of that. It would also hit more than US banks in the 'western alliance'.
However, you can never tell what these jokers in the White House
will do. They do many things not in the US's interests.
BAC TRADING AT just over $4. in Frankfurt
FROM LONDON UK
That is where I am based. Some main features over here on the banking scene in the newspapers today
RBS (Royal Bank of Scotland) to cut balance sheet by 25%
Strategy to return bank to private sector [b/]
• FTSE recovers poise as banks rebound• Thousands of RBS jobs to go in shake-up• In depth UK banks• RBS to pay bonuses worth up to £950m • RBS slims down board in break from the past• RBS scraps sale of UK insurance operationsFromCompanies11:05AM
Citi presses US to take 40% stake
Move would stop short of nationalisation
• On Wall Street Nationalisation is most likely way out of US banking mess• Fears for BofA and Citi rattle markets• In depth US banksFromUK9:28AM
Northern Rock to lend £14bn to revive struggling housing market
Government earmarks fresh money
SOME ANSWERS VERY SOON Obama set to detail bank recovery plans
Citigroup shares join US stock market plunge as White House promises to clear up toxic assets
By Stephen Foley in New York
Sunday, 22 February 2009
The Obama administration is promising to flesh out its plan to repair the US banking system THIS WEEK as investors and Wall Street executives express concerns about the creeping nationalisation of their industry.
With the US stock market sliding towards levels not seen in more than a decade, the Treasury hopes to lift some of the uncertainty with details on how to clear up the toxic assets clogging bank balance sheets and to “stress test” the solvency of the nation’s biggest financial institutions..........
Further to my earlier post. Don't get too hung up on the word
'Nationalization'. It can come in different forms. The ruling establishment has a penchant for dreaming up euphemisms to hide the truth, and reality.
Of one thing I feel certain, they will be very careful what they do, or at least, how they do it, with ' Bank of America.' That very name is far too important psychologically for the esteem of the US (and it has so little left to lose).
However, 'The Bank of England' is a nationalized institution, as many other central banks are. Bank of America could become THE BANK OF AMERICA.
How the US's neighbour does it. The Bank of Canada
"The Bank is not a government department as it performs its activities at arm's-length from the government; it is a Crown corporation owned by the Government (shares are directly held by the Ministry of Finance). The Governor and Senior Deputy Governor are appointed by the Bank's Board of Directors. The Deputy Minister of Finance sits on the Board of Directors but does not have a vote.
The Bank submits its spending to the Board of Directors, while federal departments submit their spending estimates to the Treasury Board. Its employees are regulated by the Bank and not the federal public service agencies. Its books are audited by external auditors who are appointed by Cabinet on the recommendation of the Minister of Finance, not by the Auditor General of Canada."
You see. It's neither one nor the other. It's a mixture. But it is OWNED by the government. However, it avoids the word 'Nationalized'.
They are many strong possibilities, if perhaps not exactly probabilities - yet, that could still see us ripped off.
What I am alerting you too is simply LISTEN CAREFULLY to the words used when you get these comments, especially in the form of reassurances. Do not get hung up on the word 'nationalization', and we don't believe in it being the way to go.
They could honestly say they don't believe in war is a way to go - but they still do it.
Fingers crossed, and hope for the best. Stay positive, but cautious.
I do not think we have long to wait as they cannot stand the present uncertainty continuing. The banking system is the key to recovery, and bringing some stability, and hope, to the world economies.
Money, today, is the blood bank to life as we know it.
Happy Days to all
Sorry Dmaze, this is not a reply to you. I could not find a facility to create an original.
First let me say, It is not my intention to pour water on any ones exuberance from the way this share price recovered from the depths of hell on Friday.
My intention is to sound a word of caution. I will try to put things in perspective from an unbiased view gleaned from the facts as we know them.
There are two important facts. It is claimed, and it appears
that the present fortunes of this company rests on whether it will be nationalised or not.
If so, then if it is to be nationalised the shares are not worth ONE cent. The shareholders will lose all.
If it is not to be 'nationalised' (reason for quotes will be clear later) but remains as is, then, if no further hidden negatives of this company are revealed, its share price should be considerably higher, probably (my estimate) around at least
$10 in this market.
This company has been mercilessly attacked by bad media negatives for some time, giving shorts, large and small, a field day. This would have driven the shares down even further
it being a bear market
Summary conclusion. This share is either worth nothing, or at least around £10. All hanging on the thread of 'Nationalisation'.
To be, or not to be. That is the question, so sayeth Shakespeare.
We have been fed nothing but vague, enigmatic, information.
Now here is the crunch. And it is in these feeble responses when being pushed to clear the air on the 'Nationalisation' question which gives me grave doubts as to this company's future in its present form.
Nationalisation is the key word. We have had assurances that
the establishment believes in banks remaining in the private sector.
Well there is a way that all the statements made so far can appear to have spoken the truth, or at least not lied (not quite the same thing?) but, and this is the part that concerns us, it will still end up ripping of the present shareholders, and bond holders.
Simply it is 're-privatisation'. Can't go into detail, but there is a process of cleaning up all, or most of the bad parts, dumping the shareholders and bondholders, then eventually putting it back on the market restructured as a going concern.
This way they get round the 'no nationalisation' question as they hold the mass of shareholders in while the large holders
exit. I have examined closely the rhetoric and observed the double speak and it all fits. Of course, this could be coincidence. We who are in, have to decide.
Large holders of these big companies can't all dump at once so it can appear to have run ups that looks like a turn around - which it may be if no form of nationalisation (a sewer by any other name would stink as bad) occurs.
My personal feelings are that the banking system, world wide, is in such a mess, mostly from lost image, and trust, that will take a long time to repair, unless something major appears to be done to clean up the act and start again.
This process of - 're-structuring during a short government takeover, then re privatising would seem to be a logical, for them, choice.
Have a nice weekend
All PR's are covered by a 'get out clause'. You can 'hype' a company up. you can bash it down for all you are worth. But those with the real money always know the truth, because that is how they made their vast wealth - backing winners. They have the network for effecting'due dilligence'.
Never fear those who hype, or those who bash on these websites. They will never move 'serious' money one way or the other.
On the surface, everything looks like it should for Silverado -
two bites at the bone - green energy demand, and gold demand both doing well. But Silverado is lower now than when these two
areas were not so well placed.
That sends a clear message - something is not adding up - two and two, are not making four.
The CEO needs to do something more to restore faith in this company if it has the prospects that support those prolific PR's. Otherwise, even the current low price is unsustainable, and any increase is quickly knocked back.
Bon Chance
THERE ARE NO GOOD STOCKS or BAD ONES. There are just stocks that are behaving 'good' while they are moving in the trend you are backing, and making you a reasonable return on your investment commensurate with risk and what is available elsewhere.
Some people back the horse (the company), some back the jockey (the CEO). I say, look at both before placing your 'bet'. But also make sure that you are going with the trend you want, and that the volume is sufficient to indicate 'life' and the ability to exit when you desire.
Of course, you know all this, but sometimes we need reminding.
So, how does Silverado rate? Really? To me its a very rank 'outsider'that, at present, makes me wonder if it will drag itself to the winning post at all.
Bon Chance
It does not matter how many PR's are issued. It doesn't matter
how many articles are written about green fuels, blue fuels, yellow fuels. It doesn't matter how much gold goes up (or down).
What matters is a stocks price, volume and trend.
Big money, serious money, and I don't mean uncle Bob who has a couple of million dollars and dabbles in the market, has the research to do the sums, and the nose to smell out 'potential'where it exists.
This will begin to show up in 'the charts' well in time, for the rest who can read the signs to make a buck.
Such a condition is not indicative in a stock that goes the other way, or flatlines, when all the signs, according to those articles, and prolific PR's should be in its favour. Remember a 'flatline' indicates death at the ER.
If you believe otherwise, a trip to a 'shrink' would be a reasonable investment. It could save you much in the future, if it doesn't make you any.
In fact, what it means is that far too many are not 'buying' the hype, and/or know something adverse that you don't. For example, the set up is such that it is possibly draining off any profits that could, or should go to the base company and its investors. ( as a recent exposure in a Canadian newspaper revealed). Or that a probable reverse split was on the cards, or....well, you should know the many nefarious activities some companies get up to.
I would treat this company with great care. The traffic signal
is stuck on caution. It is up to you whether you jump the light before it changes.
Bon Chance
For what it is worth:
(A response to my enquiry)
There is no reverse split planned at this time that I know of.
We are fully funded under our current structure to move all
our initiatives forward as outlined in our press releases.
I trust this has been of help to you.
Terry Bramhall
Investor Relations
Silverado Gold Nines Ltd.
1-800-665-4646
SORRY YOU GUYS WHO SENT ME 'private messages'. Only just seen them. I cannot reply privately as I do not have that privilege.
I have not been coming to the site for some time as I feel it is a waste of good, valuable, time. If we are to make money out of the markets we have to keep a positive frame of mind (and that is not easy in the markets today).
In risk management, insurances etc., you have to consider the 'odds'. The odds, so far with this company is that it is a scam and is going nowhere. If you do not see this then a trip to your 'optician' (brain surgeon) would be to your advantage.
I have dumped all my POS (plural) that I can sell as I do not want that negative drain on my brain and intend to put the money to more positive ends.
I can't dump this crap as it would cost me more than I could get, so it will lie as a 'lottery' or 'raffle' ticket that I can forget about until. if ever, it indicates, if only by default, that it can be realised for cash - in any amount above cost of conversion.
Another piece of investing advice which is easier said than done is not to try and guess which way the market is heading, and do not listen, or read, those 'pundit guessers' that abound in all media, and internet.
Study the basic charts over a period which indicate where money is flowing. In other words - follow the money. Stop fighting the trend - just go with it. Newton's first law of motion. When some 'unbalanced' force begins to act on the long term trend and change it, you will see it.
Never mind what ANYONE says, let the money flow do the talking. Its direction is the only honest 'voice' you can trust. If you are in the long term trend, even if you wrong foot your entry at a 'correction'(all trends have them), you will eventually be right and get 'in the money'.
Best wishes to all for 2008.
UK PETER DID THEY EXPLAIN what they meant by - My Problem I cannot open an Account!! TD Ameritrade stating Not OPENING ANYMORE UK ACCOUNTS FOR TIME BEING DUE TO REVIEWS
What Reviews?
UK Peter JUST TAP IN TDAMERITRADE UK.
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That 0500 number is freephone from the UK to US
You will find all the info you need.
Good luck
UK PETER: As I have said earlier, I drop in occasionally for a quick skim, but not posting on this company anymore - not worth the time and effort.
If you feel there is hope with your holding then you should really have a US on-line broker. TDAmeritrade have a UK office.
And I am sure some others do. They are more familiar, obviously, with the US market, and they are also discount, so cheaper.
I have a US broker because I have residency there, dividing my time between UK and US besides being at times in other places.
As you have been now informed, OTCBB is 'one small step for man'
up the rung, but it it is still 'overthecounter'.
When you consider even the whole market - big board, is run by crooks, and gangsters, (don't be fooled by their Saville Row suits) not that you will ever meet the top, they do not frequent the 'greasy spoons' not even the upmarket ones (They live in a world of their own - literally) what chance have you got on the OTC's - pinkies or not.
There are great opportunities in these turbulent markets if you
fight with today's weapons and strategies.
I will share something with you which you can use or forget, it matters not to me. My last name is Newton. (real that is) and I use 'Newton's first law of motion'. Which, as you should know (said simply for application to the market) that an object in motion will continue its trend until acted upon by an unbalanced force.
Now take your 'object' as a stock and note its long term trend.
I guarantee it will continue that trend until a stronger force deflects it.
What you have to watch are the potential forces that could unbalance that trend for the long term.
However, you need to be dealing with large companies that are not so easily manipulated, especially by small time scam artists.
I have told you enough for you, or anyone, to work things out further yourself. (For instance, volume is a thing to watch)
Bon chance!
Grinchster5. YOU CAUGHT THE NAME CHANGE BUG? Do I take it you are the old 'Stockster5? Curious - why the change? I trust you haven't changed your views on this 'little wonder'.
The reasons I haven't contributed for a week or so are more than one. I have been vacationing in Malta. For the geographical illiterate, it is a very small island in the Mediterranean - a former British colony that defied the attacks of the Germans, and was a thorn in their side throughout WW2. Lovely weather, great food, and the people all speak English. It is very clean, and reasonably crime free. They are now part of the growing EU.
Another reason is I am very busy. And another is - what more can you say, or want to say, about something worth 'zilch'.
I thought there was hope (a little) while they hung on to their
so called gold mine holdings. I had a feeling once that their worth could have been played down deliberately in order for management to get them back for nothing. You see, I feel that within the next three years on the outside , gold will rise to over $2000 - just to keep pace with inflation (but also other reasons).
Severe cracks are everywhere in the old order of things, and there are changing world events which viewed in isolation may appear of little consequence, but viewed together indicate great change ahead.
Now they are being hived off, FFGO 'investors' (speculators) will not really benefit even if they do prove valuable assets when gold rises.
So, I leave you all with it. I have more (bigger fish) to catch and fry. And I am sure, all you have, or should have, if you let this ride and get on with your lives. It's a big exciting world out there. And, as the Chinese say - Crisis spells OPPORTUNITY!
STOCKSTER5 DON'T BE TOO SHOCKED but I am about to pay you a
compliment. Yes, your view on this company has never wavered.
I have always had the opinion, though it was often misunderstood, of trying to see possibility by maintaining a balanced view until more evidence came to light as to where it was going. A little bit of 'where there is life there is hope.'
In a way, there is still 'possibility.' But, 'probability is fast fading. It appears it is just waiting for someone to switch off the life support system.
So, dear friend, it appears your consistent view is about to be fulfilled. No, there is no hint of cynicism. It is a good honest compliment to your long held appraisal.
DOES IT MATTER whether this company is Chinese, Russian, or Tibetan? So why get 'huffy'. FFGO is still registered in the USA, and is therefore a US company, no matter where the mail is directed. It, the company you have put your money in, is regulated fully by US law.
The scoundrel at the head is South African, with interests all over the place. But it doesn't matter whether he is German , French, Mexican, or Bahamian. He is still a scoundrel and probably holds two or three passports.
It will not make a blind bit of difference to events. So, why worry our head on silly trivialities.
Also, as I mentioned, Lumb is probably only a 'front' man for much bigger fish who operate a network of such scam artists.
They are repaid by living well. and protected.
THIS IS THE WAY SCAM ARTISTS OPERATE. Today, we can rarely look at any company, especially large ones and refer to it as an American, British, Japanese, or even Chinese. Yes, even all Chinese companies are not wholly Chinese. The international elite financiers use 'front men' when necessary.
He who owns the money owns it - whatever. Just like the one who holds the mortgage on your house, owns your house.
Even Steven Lumb can be a 'front man' for bigger fish who own
many professional scam artists. This is why they appear to get away with murder. Powerful people are behind them.
If you find this hard to believe, don't worry, so do most people.
When you think like most people you are on the wrong side.
Why? Because it is a market axiom upon which the market is geared - that most people will be wrong when the chips are down and the wheel stops spinning.
But FFGO is an American registered company
DesertDirt. No harm. You can invest as much as you wish, and good luck. Yes, the whole stock market is a field of dreams for most. Only for a minority are their dreams realised. And for some their dreams are nightmares.
Ever since a stock market was created, when Wall Strret was a just a wall, it has been the nature that most investors will lose their money. It cannot be any other way.
In any Casino, if 'the house' consistantly lost, or even just broke even, it would close its doors.
But this we know before we enter the door. So I offer no argument, nor was one intended, or foreseen.
FFGO KNOW THIS, it is all strategy known as 'delaying tactic'
or, perhaps nearer the mark would be 'avoidance'tactic.
The moment the reverse split goes in on 'Hunt'Gold (Hunt the gold?)the share price will be attacked and pushed down.
OK, we can't go anywhere, meanwhile the shares have the same nominal value as 99.9% of lottery tickets - dreams fed from HOPE!
" New York-based Fortress Financial Group is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities." (From a current PR wire on internet)
The company has the 'Inc' which means it is US based and not London UK. UK companies are 'PLC'
New York-based [/U] Fortress Financial Group is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities.
The company has the 'Inc' which means it is US based and not London UK. UK companies are 'PLC'.
EXCEO ARE those posts still missing on your page? They are all there on mine
EXCEO THEY ARE ALL THERE ON MY COMPUTER
GOOD EXCEO I feel it is far better alerting these people BEFORE the event, much better than complaining after.
We have lots of evidence to back us up. I am also going to include a copy of the article from a news reporter that was reproduced on the internet of how he, Lumb, wrote so disparagingly to that stockholder in another situation.
And of all the other incidents he has been involved with.
Then there is the way he has treated us so far - all the failed PR promises, and the assurance he would not make a reverse split when the time they made it, it must have already been planned.
Once all this sh*t starts flying around - and we should inform him why we are doing it - HE HAS FORFEITED OUR TRUST and put us in a position where we can't really sell what we have because his reverse split permitted shorts to knock the price down further, he's going to really get upset.
Any idiot with experience of the market knows that would be the result of a RS in this situation.
If we have voiced our concerns and what we suspect before hand
it will make it very difficult to scam us further and find an excuse.
WE HAVE NOTHING TO LOSE. OUR GAIN WILL BE AT LEAST SOME SATISFACTION AT HITTING HIM HARD BY EXPOSING HIM
They, these scam merchants, must learn to treat their shareholders with respect. The internet is a great tool, ealier
victims did not have. LETS USE IT!
ON THINKING THINGS OVER I feel we should keep up the pressure on Lumb. I am now convinced he is up to something and he is stalling for time with crap explanations that's full of holes.
He has NOT kept faith with his promises, all he has done before is made promises while doing something different.
We have got him upset, and while against his nature from what has been revealed elsewhere he is trying (hard) to keep his cool.
WHY? Because he is afraid his past, and recent past, is catching up to him and he is scared it will screw uo his scam.
This is evident by what he has put in his recent blanket response e-mail.
What we should do is e-mail again, and again. Tell him his actions so far do not give credence to his explanations.
Tell him we are writing to inform SEC that we feel another scam is imminent, and that we are also writing to the CEO of 'Prime Whoever,' and we will continue posting our concerns on financial forums. Also alerting analysts to our concerns.
Lets hit him where it hurts. ONly when we see concrete evidrence
of this company's future, and that all the shares which should have been distributed almost 12 months ago are safely with the
recipients brokers will we ease up.
Lets really stir things up. This is not just a case of ourselves,
it is to let these crooks know that they just can't get away with their scams. LET'S BEAT HIM. Just for the satisfaction of doing so.
Also pressure our brokers who will in turn pressure him
NOT SURE IF THIS HAS BEEN PREVIOUSLY POSTED. I have a feeling it will have been, however I have not time to trace back. So apologies if it has.
It was in red at the foot of a general communication I received today:-
CAUTIONARY
There has been much speculation over the Company’s transaction with Prime Time Group, Inc. (Hunt Gold Corporation). The information disseminated and posted on various “Internet Chat Forums” in respect of this transaction, are incorrect; stockholders are hereby advised accordingly.
Stockholders are advised to ignore misguided and uninformed speculation; and to exercise caution in dealing in their shares, based upon this misinformation and to base their investment decisions based upon the facts, these facts and full details of these transactions, will be released to stockholders as soon as is possible.
This Company can assure you that these Gold Mining Exploration assets are not being sold into a “worthless sub penny company”. The terms of these transactions, once released, will allay such fears and prove all such statements as baseless and without any merit whatsoever.
At this time, we are in a position to confirm that all past published valuations by the Company, in respect of these Stock Dividend distributions, were not incorrect and we stand by these statements.
SORRY JG Just seen your post, I am assuming that 'elight' meant
short for enlightened 1. I have stopped looking too deeply into this company at present. It is not worth the time. We need to see more developments, more positive news, to see if we are even going to have a chance to get some of our money back, never mind make any profit.
It is not much to me, especially when I convert my loss to Brit £pounds at the current rate of exchange.
I think all has been said that needs to be said on the current situation.
I am curious on the post of Oreodiamond #6480. Has anyone else got their promised dividend shares in their accounts?
UKPeter DON'T GET TOO EXCITED I believe Gold is due for a pull-back soon. It is still in an uptrend but not in a straight line.
Also, we have no clear sign what this guy Lumb is working on.
Oh, he will make out OK whichever which way.
However, you have not got your shares yet, or seen how the deal will work out for FFGO shareholders.
The US also has an election next year so be prepared for Bush to pull something out of his hat before then.
We have also the Chinese market shooting up like an out of control rocket and their big event - the Olympics, coming up next year.
It means everything to them. They are already looked upon by many nations as the good 'role model' - something the US does not like. So expect some attempt to pull the rug from under them that will upset their show. It's the way it all works.
The markets are going to be very turbulent soon. And I haven't even mentioned Iran (it hasn't gone away)
So, it's a time for keeping a cool head and watching closely events if you want to stay financially healthy.
Look to the possiblity of getting some of your cash out of FFGO. not making your fortune.
THERE IS SOMETHING STRANGE in that new PR. Anyone spot it?
Here's the clue - Sentinel MIning Res and Mockingbird?
It maybe just me, but...I couldn't work it out
JUST HAD A THOUGHT, It appears Lumb is connected some way with Prime Time. Could this be where he is going to make his money.
I mean with GOLD now beginning to hit the headlines. If this keeps up and history repeats itself, there will become gold mania as people seek to escape the falling dollar.
It starts slow then gathers pace like a hurricane. The fact that Prime Time are just moving into gold right at this time
could excite their shareholders.
Once the frenzy really starts the masses (suckers) snap up anything with the name gold. Now Prime Time is scheduling a name change to reflect the new direction - PRIME GOLD TIME ?
PRIME GOLD MINING CORP?
Why would we move out of gold right at this time?
Of course, the gold price is still low (it has been held down so long), and the high oil price is a huge cost to mining eating their profits.
Many questions Few answers - yet
I guess this shows what can happen with FFGO when Lumb feels the timing is right, and he makes the right noises.
I know, it is the opportunity to get out we are all waiting for, not some signs of a great future for 'loyal' shareholders.
Now he tells us. I think we are all enlightened by his words of wisdom. Where was he 12 months ago, or longer for some of you guys.
However, I am wondering by his 'nom de plume' if he is a company man, or Lumb himself wanting us to unload all we have
of these shares that hold great wealth (mining fortune) as gold climbs towards $900 and the dollar sinks below the horizon
while Bush clings, grinning his idiot grin, to the tiller of the SS United States as it heads for the ice field (or is is minefield).
I am just joking (I am aren't I?)
The fact they were listed in pound sterling surprised me. They are, originally, US companies, but if I remember correctly when the news was first released these companies were to be distributed, it was mentioned they would be quoted on the UK market as 'operating' companies.
Now, just what has gone on during the time they were promised, and so far still held, would be interesting to know. I cannot see how if they were originally US companies (companies or just moose pasture?) how did they acquire the Brit pound quote.
As for value, it is now over $2 to the £1 therefore 1p is more than 2c and so far increasing daily as the dollar sinks against so many currencies. The world's top model (Brazilian) who earns millions of dollars a year, has just announced she refuses to be paid in dollars - it's euro's only.
Incidentally, this has nothing to do with FFGO but the NASDAQ companies should be the main beneficiaries of the falling dollar.
The one thing the world wants from the US is technology, the falling dollar makes their products cheaper abroad, and most of these companies are on the NASDAQ.
It's amazing, the explanations they come up with. There's no end to his talents.
I mean, is all this share transaction business something new?
Why have all the brokers been so taken aback by this what should
be a smooth process, or certainly one they have experienced before that would have allowed them to explain all, and assure their clients of the situation.
Why were the shares not transferred at the time the 'dividend' was set up, and announced?
Why did it take until after a deal to sell the companies on which the dividends relate was nearing completion, to now look into how to effect the transfer?
I could not understand all the explanation of how many shares were distributed. How many were already in their recipients brokerage accounts. How many were in this 'transfer agents'. Is it just 10% still to be cleared and 90% have already got them?
Hope you who have shares, dividends, whatever still to come understand it all.
It still appears they are panicing to try and complete this deal
and keep people quiet until they do before releasing the shares.
Can someone not contact this DTC Cede & Co and get them to confirm what FFGO state is correct.
There seems, to me, too many inconsintencies in that e-mail.
Desertdirt YOU AND I, and anyone else with even average intelligence know that it takes a lot of expertise to run a mine, and you have to employ key personnel with that expertise.
From what I understand, these are not operating producing mines - probably not even any development whatsoever. First you have high exploration costs to find the gold, and it takes time, and lots of money. Then it takes quite some time, I think at least a couple of years (though don't hold me to that} once you have detected gold to start extracting it.
"....Most gold companies don't produce gold ie Brey-X, Goldrea, Brushcreek, Emgold. Many never will. Most companies have leases or govt claims, no hard asset ownership.
Many hype moose pasture as gold sites. Most small companies hope a major will do a joint venture with them because they have no desire and ability to be operators. Most companies issue shares like crazy........" (from an article on the internet)
A company like Prime Time has no chance except to work up a scam involving a load of hype dished up to the market if gold continues to rise and builds up a frenzy that will attract the suckers.
I would say that Lumb will be in on it.
His comments to you are irresponsible - he would know only too well that Prime Time are in no position to develop these so called mining companies. If they had any real value, they would have been picked up by proper mining companies who know what they are doing, and have the cash, or access to it.
From the general tone of the e-mail though, I think we are getting him rattled, he's fighting hard to contain himself and not stir up a hornets nest while he is in negotiations. He doesn't want e-mails going to to the regulatory authorites, and
too many forum messages getting picked up and spread around.
Keep up the pressure. He should be informed that PrimeTime is not our worry, it is the way the company we hold shares in, headed by himself and the way he has treated the shareholders so far, that we are concerned about
He appears to be hiving off the 'family silver' for some
worthless bits of paper that will add no more, in fact less, shareholder value than we have now (that's if those mines have any value).
As for:
".....I do understand your concerns, but please do not make judgements until such time as we have announced the complete structure of these transactions....."
I can hardly contain my excitement waiting. Probably won't sleep tonight.
DROLL7 In response to:-
"... I think that particular record date could be just the date that the distribution would be required to transact. "
But I understood these shares were supposedly already distributed. Isn't this what those eligible are contacting their brokers about?
No, I think this refers to another 'PROPOSED' pay out. This is what will probably be used as a carrot to bring in more 'donkeys' to the cause. (well, there is a similarity between a donkey and a jackass).
Yes DesertDirt It does pose the question how can unloading our
mining properties at this time bring 'shareholder value' to us,
and also to the company acquiring them? I could have perhaps understood it being something other than a scam if the acquiring company had been a proven successful mining company.
It does not look promising as it stands, not even for the 'Financial' direction of our company. Hardly helps credibility associating with a company that has been highlighted as a 'boiler room' scam outfit by Motley Fool some time ago.
Where then lies our possible hope? Well, why would they go to this trouble if they are not planning to launch another swindle.