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You cannot intentionally bring down a stock to cover. It does not work that way. Their are not many sellers at this point other then shorts. How could the stock fall while they are covering. I figure most people are accumulating at these prices. Most sellers got out 3 cents and higher.
I was fortunate on Friday to get filled 20,000 at 7 cents.
Their are some really dumb people or brokers.
They could have sold at .13 in moring instead took 5 cents.
They probably put a market order in. I have been investing in Pinks and BB-s for over 10 years. Nothing suprises me.
Good update from Lou. Stock acting well.
Anyone want to talk about Texcom. Very few sellers. Very tight float!
Its amazing how much news is coming out.
I think some very good things are going to happen for this stock. I estimate we will see a short squeeze at some point for it is my understanding their has been a lot of shorting in this stock.
I think we well see 40 cents before the end of year.
I expect good things from this company this year.
Audited financials will be a big step in the right diresction.
Nice work BeachCracker on the ibox
I have been having a tough time reaching Merl over the last 10 days. He is ussually good at calling me back. Not sure why I can't reach him. I plan on visiting him next time he is in Jersey.
I live in Pa. about 90 minutes away drive.
Has anyone talked to him recently and have anything to offer about details on contract with Fema? Is he excited these days? etc.
Huge volume today!
Whats up?
Their is a huge short interest in this stock from what I hear.
I personally feel the company is going to progress forward with enough positive developements that the shorts are going to have to throw the towel in at some point. I would not be surprised to see a quarter or higher when that happens. I think the stock will trade on fundamentals down the road that will support much higer prices then a quarter.
Just my personal opinion based on research and my gut instinct. I have been trading pinks and BB's for over 10 years.
I have made many mistakes over the years. I really feel I have developed into a very good investor and trader over the last 2 years.
My other 3 favorite plays are MDMN,SFMI,Texc
MDMN and SFMI I think are excellent short squeeze candidates as well. MDMN being my favorite short squeeze candidate. I expect something very soon on MDMN very soon.
They are all pink sheets. I expect just as good things out of these 3 as I do EREI
I expect a nice gap up and a run tomorrrow.
All Aboard!!! Last stop
I am impressed. I knew all we needed was a contract.
We are not in the short squeeze yet. I think a dime in the next few days is very achievable.
Just remember we have a market cap of just around a million dollars. Their are 94 million outstanding with I think about 24 million in float. We turned over 25% of the float today. Excellent!
Relax Rome was not built in a day.
The sellers are being weeded out who bought in under a penny.
People have a nice gain at .015. Most 100% at least. Normal to see selling. The base for now is selling seems to come to a halt around a penny. This is a much higher base then we had two weeks ago. We build from here. It was also a big down day in the market and we closed positive with a lot of volume. I think all things considered, it was a great day.
Link to buys and sales
Good feature in IHUB
http://ih.advfn.com/p.php?pid=trades&cb=1244927848&symbol=NO^EREI&java_vm=sun&java_vm_ver=1.6.0_05&fp=10.0.22
Twice as many buys on EREI then sales on friday
631 k bought
312 k sold
I expect great things from this company. I have talked with Merl and Rich many times. I really like what the company is doing. I think more clarity will come over the next few weeks. I as a shareholder hope to get a better understanding of the corporate structure hopefully soon. I am also looking forward to the company becoming fully reporting. I also would like to see them get on a major exchange at some point. I also look forward to finding out what their current sales and eranings are as well as future earings in regards to existing or new contracts or sales. I know this is a lot of expectations. But I feel this will all come in time.
I still think a 100 million dollar market cap is realistic over the next 2 years. With 94 million shares outstanding this would put the stock over 1 dollar. Currently the market cap is just a smidgeon over 1 million.
Stock beaking out Huge short squeeze potential
I specialize in finding stocks with huge naked short squeeze potential SFMI.pk MDMN.pk EREI.pk
Heads up on short squeeze occuring immediately on EREI New Name is Worlwide food up 100% tday on big volume Stock is still very cheap
I have followed this company for some time now. I love what they are doing. The company fom my understanding is profitable and does not need to raise any money to continue on in their business plan. I am convinced that this stock has a big short position in it and will eventually have to be covered. Take Today.
4.7 million buys 9.2 million sells Stock is up 60%
What this means is the shorts are shorting to keep it down and from running. This stock would easily be over 2 cents today if it was not being held back. See for yourself
http://ih.advfn.com/p.php?pid=trades&cb=...
Hang on to your stock and buy more at these prices. With all the positive things happening within the company I expect 5 cents in the near term. I personally think this stock will trade over 1.00 down the road. It might seem nuts but it would only be a 94 million dollar Market cap.
I specialize in finding stocks with huge naked short squeeze potential SFMI.pk MDMN.pk EREI.pk
Heads up on short squeeze occuring immediately on EREI New Name is Worlwide food up 100% tday on big volume Stock is still very cheap
I have followed this company for some time now. I love what they are doing. The company fom my understanding is profitable and does not need to raise any money to continue on in their business plan. I am convinced that this stock has a big short position in it and will eventually have to be covered. Take Today.
4.7 million buys 9.2 million sells Stock is up 60%
What this means is the shorts are shorting to keep it down and from running. This stock would easily be over 2 cents today if it was not being held back. See for yourself
http://ih.advfn.com/p.php?pid=trades&cb=...
Hang on to your stock and buy more at these prices. With all the positive things happening within the company I expect 5 cents in the near term. I personally think this stock will trade over 1.00 down the road. It might seem nuts but it would only be a 94 million dollar Market cap.
I have followed this company for some time now. I love what they are doing. The company fom my understading is profitable and does not need to raise any money to continue on in their business plan. I am convinced that this stock has a big short position in it and will eventually have to be covered. Take Today.
4.7 million buys 9.2 million sells Stock is up 60%
What this means is the shorts are shorting to keep it down and from running. This stock would easily be over 2 cents today if it was not being held back. See for yourself
http://ih.advfn.com/p.php?pid=trades&cb=1244667672&symbol=NO%5EEREI
Hang on to your stock and buy more at these prices. With all the positive things happening within the company I expect 5 cents in the near term. I personally think this stock will trade over 1.00 down the road. It might seem nuts but it would only be a 94 million dollar Market cap.
Moderator I sent you a private message with my phone number.
Please call me. Thanks
Does this stock have a large naked short in it?
Whomever answers yes. If so how do you know?
For those interested in learning more about naked shorting.
I put this board togather.
http://investorshub.advfn.com/boards/board.asp?board_id=9434
Good vulume so far We should show up on some volume alerts today.
Now I know why they decided to use the name and symbol of the Phoenix. It really looks like it just might rise out of the ashes!
Vey impresssed I am in. Bought at 2.30
I spoke to CEO yesterday. I like the way he thinks.
Real impressed with December 4th Wall Street article
Stock is clearly still being shorted
1,763,000 shares bought stock does not go up
85,000 sold stock drops to .037
80,000 sold stock drops to .036
100,000 sold stock drops to.035
What a joke. I hope we give the worst beeting to these criminals. Their will be no mercy on my part. I am going to let the whole world know when the news is out that a short squeeze expolosion is inevitable. I am going post on all boards, ragingbull, Ihub, and yahoo. I will let all the people know who are in Gold, Silver, and Copper plays. I am also going to convince everyone not to sell and to punish these criminals as much as possible. You know who you are. Its pay back time.
My guess we will see something tonight.
Truthfully a million share sell to me is most likely a shorter. Who would ever sell a block that size right before a big announcement, it was intended to knock stock down but had no effect. Buyers gobbled it right up.
Great close
1,000,000 shares sold at open. Stock did not go down.
Their is strength hear. This stock % is up not very much. Risk is low at these prices. Good volume. No one is being shaken out. Everything looks good. Patience needed for announcement that is expected.
Good luck to all longs.
Time for the shoerts to get pay back.
Great close
2 million shares the last 15 minutes.
Stock is holding up. Tells me that things must be going well.
I have no information to offer but the volume and price hold tells me what I want to know.
Go MDMN This stock rocks
Long live Medinah Minerals and Cerro Dorado.
The price might seem nuts. I don't care. It tells me a lot of upside potential fron here.
The price might seem nuts. I don't care. It tells me a lot of upside potential fron here.
This post was put back in March on the cdch board from what I was told.
"This was at the bottom of his post
Divide these two figures by the number of current O/S and we get the following per share.
MDMN= $44.50 per share
CDCH= $70.31 per share
Now please reread the second paragraph above, and always keep in mind I am sure I have made huge mistakes here in my calculations."
Now it sure looks like to me a lot of upsude potential!!!
Read post below
http://investorshub.advfn.com/boards/read_msg.asp?message_id=17536012
The numbers below are strict guessing. DON'T INVEST BASED ON WHAT I TELL YOU! Because remember, I don't know anything!!
Please note the following factors about Cerro Dorado (CDCH) and Medina Mining (MDMN) do not include the almost certainty that we will continue seeing rising precious metal prices in the months and years to come. Satellite images shows a porphyry over both properties and the last update indicates there are two. The figures below, which I was somehow able to find, will be on the assumption of what is considered "average" according to world wide research of porphyrys. (Source listed below). These "average numbers" assume a gold recovery of 5 grams per/ton and 1% per ton of copper. This is average in a very good mine anywhere in the world. If you want to see I am using the wrong numbers to be overly conservative, please see the next paragraph of actual numbers taken from the report of a couple of holes within the MDMN website. These are the official numbers.
As stated, "The discovery hole (L99-03) intercepted 84 meters averaging 1.72 g/t Au, 10.07 g/t Ag and 0.40% Cu. Two step-out drillholes (L99-06 & L99-07) returned intercepts of 154 meters grading 0.60 g/t Au, 13.7 g/t Ag and 0.39% Cu &
124 meters averaging 0.49 g/t Au, 9.68 g/t Ag and 0.31% Cu, respectively."
I further made errors in my calculations because I forgot to include Silver, seen above as the symbol "Ag." Silver is currently selling at $14.00 per ounce. Oh man, I also forgot to use Molybdenum, also a precious metal. For those of you not familiar, a quick note about moly. It's not used in Molly McButter. Molybdenum (moly) has many uses including as a component of stainless steel due to its ability to inhibit corrosion from acids. One might consider that maybe this can explain the interest level in CDCH?MDMN of steel producers like Sumitomo.
From the last official company update given to us, we read the following:
1- "In this sector of study they are located; a deposit that can be classified like of type PORPHYRY OF COPPER-GOLD (in the zone of the plain of the Alto de Lipangue) and, in addition, a PORPHYRY OF MOLYBDENUM-COPPER in the contiguous area immediately located to the south of the previous one."
Again, I will be using only 1 porphyry in my example instead of 2.
Continuing from our last shareholder update:
4- "The volume of identified mineral resources to date, reaches already to several hundreds of millions of tons, mainly assigned to the added porphyries and skarn together."
"which can without a doubt be classified World Class."
This is a conservative number using the word "several" and here is why:
According to the experts and studies of porphyrys:
Copper porphyries are gigantic, they are elephants and they are the ultimate discovery for a junior exploration company. Under the heading below "TYPICAL GRADE AND TONNAGE" in the accompanying attachment note the significance of discovering a porphyry copper deposit that just so happens to have molybdenum contained therein as does Medinah's and Cerro's. These otherwise elephant-sized behemoths now average 3 to 4 times the tonnage when molybdenum is present i.e. from about 160 million tonnes (a metric "tonne" has 2,200 pounds instead of 2,000 pounds) to about 500 million tonnes. Note that MDMN and CDCH discovery has plenty of moly and even has 2 past producing moly mines on site.
TYPICAL GRADE AND TONNAGE:
Worldwide according Cox and Singer (1988) based on their subdivision of 55 deposits into subtypes according to metal ratios, typical porphyry Cu deposits contain (median values): Porphyry Cu-Au: 160 Mt with 0.55 % Cu, 0.003 % Mo, 0.38 g/t Au and 1.7 g/t Ag. Porphyry Cu-Au-Mo: 390 Mt with 0.48 % Cu, 0.015 % Mo, 0.15 g/t Au and 1.6 g/t Ag. Porphyry Cu-Mo: 500 Mt with 0.41 % Cu, 0.016 % Mo, 0.012 g/t Au and 1.22 g/t Ag.
A similar subdivision by Cox (1986) using a larger data base results in: Porphyry Cu: 140 Mt with 0.54 %Cu, <0.002 % Mo, <0.02g/t Au and <1 g/t Ag. Porphyry Cu-Au: 100 Mt with 0.5 %Cu, <0.002 % Mo, 0.38g/t Au and 1g/t Ag. (This includes deposits from the British Columbia alkalic porphyry class, B.C. model L03.) Porphyry Cu-Mo: 500 Mt with 0.42 % Cu, 0.016 % Mo, 0.012 g/t Au and 1.2 g/t Ag.
British Columbia porphyry Cu * Mo ± Au deposits range from <50 to >900 Mt with commonly 0.2 to 0.5 % Cu, <0.1 to 0.6 g/t Au, and 1 to 3 g/t Ag. Mo contents are variable from negligible to 0.04 % Mo. Median values for 40 B.C. deposits with reported reserves are: 115 Mt with 0.37 % Cu, *0.01 % Mo, 0.3g /t Au and 1.3 g/t Ag.
Panteleyev, A. (1995): Porphyry Cu+/-Mo+/-Au, in Selected British Columbia Mineral Deposit Profiles, Volume 1 - Metallics and Coal, Lefebure, D.V. and Ray, G.E., Editors, British Columbia Ministry of Energy of Employment and Investment, Open File 1995-20, pages 87-92.
Doing the math isn't that tough.
It's easy if you simply convert the grades present into $/ton via utilizing current metals prices. For instance, copper trading at $2.80 per pound multiplied by 2,200 pounds per ton equals $6,160/ton for 100% copper. One percent copper (1%) would then be worth about $61.60/ton. Likewise, $670/ ounce gold divided by 31 grams per ounce equals $21.61/gm of gold. Therefore, gold grades of 5 gram/ton are worth about $108.05 per ton of ore mined. Thus 1 ton of material grading 1% copper and 5gm/ton gold is worth about $169.65.
Please keep in mind I forgot about silver and moly values.
These properties are fortunate enough to have 4 separate metals. This allows things to add up in a hurry especially if the extraction costs are only perhaps 20% or less. Probably less, due to the properties being located about 40 km NW of Santiago in the coastal range of Chile at an elevation of approximately 2,000 meters. That's a little over 6,000 feet for those of you who don't wish to take the time to convert. Easy road access and water is certainly available. Plus drilling is available year round!
If we now take the numbers above (which I have already greatly reduced) compared to what we know what has already been found on the properties, the mineralization is worth between $100 and $200 per ton based upon today's valuations for copper and gold based on today's prices. Based upon averaging $150 per ton (do the math based on the ACA Howe reports) if our copper-moly porphyry was of an "Average Size" i.e. 500 million ton then there might be approximately $75 billion worth of copper and gold. If you forgot what you read above, this still does not figure in the profit from moly or silver. Based upon today's metals prices and the average of having $150/ton in ore values, I think a good case can be made for the costs involved to extract these metals can be taken care of easily by the amount of silver and moly mined on the properties leaving the above at bare minimum, pure profit.
Book Value?
Using my incorrect numbers above and trying to keep in mind that I am a simpleton, I will suggest the following: The JV reached brings a 50/50 split partnership. (The original offer from Hotchschild was 49% for us and 51% for them).
This brings our profits from 75 Billion to 37.5 Billion shared between MDMN and CDCH.
I will also assume based on monies spent by MDMN to get us to where we are today, and to bring a major or majors to the table, plus the fact that MDMN has more hectors or property than CDCH, using the 50% split we get from the example above, the sharing arrangement or split can be MDMN getting 60% of that and CDCH getting 40%, or one could use a 70/30 split. You people can do your own splits and figure the numbers, either way they are impressive especially with everything being underguestimated.
This now leaves us with the following pure profit:
MDMN -$26,250,000,000
CDCH -$11,250,000,000
Divide these two figures by the number of current O/S and we get the following per share.
MDMN= $44.50 per share
CDCH= $70.31 per share
Now please reread the second paragraph above, and always keep in mind I am sure I have made huge mistakes here in my calculations.
This post was put back in March from what I was told.
This was at the bottom of his post
Divide these two figures by the number of current O/S and we get the following per share.
"MDMN= $44.50 per share
CDCH= $70.31 per share
Now please reread the second paragraph above, and always keep in mind I am sure I have made huge mistakes here in my calculations."
Now it sure looks like to me a lot of upsude potential!!!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=17536012
The numbers below are strict guessing. DON'T INVEST BASED ON WHAT I TELL YOU! Because remember, I don't know anything!!
Please note the following factors about Cerro Dorado (CDCH) and Medina Mining (MDMN) do not include the almost certainty that we will continue seeing rising precious metal prices in the months and years to come. Satellite images shows a porphyry over both properties and the last update indicates there are two. The figures below, which I was somehow able to find, will be on the assumption of what is considered "average" according to world wide research of porphyrys. (Source listed below). These "average numbers" assume a gold recovery of 5 grams per/ton and 1% per ton of copper. This is average in a very good mine anywhere in the world. If you want to see I am using the wrong numbers to be overly conservative, please see the next paragraph of actual numbers taken from the report of a couple of holes within the MDMN website. These are the official numbers.
As stated, "The discovery hole (L99-03) intercepted 84 meters averaging 1.72 g/t Au, 10.07 g/t Ag and 0.40% Cu. Two step-out drillholes (L99-06 & L99-07) returned intercepts of 154 meters grading 0.60 g/t Au, 13.7 g/t Ag and 0.39% Cu &
124 meters averaging 0.49 g/t Au, 9.68 g/t Ag and 0.31% Cu, respectively."
I further made errors in my calculations because I forgot to include Silver, seen above as the symbol "Ag." Silver is currently selling at $14.00 per ounce. Oh man, I also forgot to use Molybdenum, also a precious metal. For those of you not familiar, a quick note about moly. It's not used in Molly McButter. Molybdenum (moly) has many uses including as a component of stainless steel due to its ability to inhibit corrosion from acids. One might consider that maybe this can explain the interest level in CDCH?MDMN of steel producers like Sumitomo.
From the last official company update given to us, we read the following:
1- "In this sector of study they are located; a deposit that can be classified like of type PORPHYRY OF COPPER-GOLD (in the zone of the plain of the Alto de Lipangue) and, in addition, a PORPHYRY OF MOLYBDENUM-COPPER in the contiguous area immediately located to the south of the previous one."
Again, I will be using only 1 porphyry in my example instead of 2.
Continuing from our last shareholder update:
4- "The volume of identified mineral resources to date, reaches already to several hundreds of millions of tons, mainly assigned to the added porphyries and skarn together."
"which can without a doubt be classified World Class."
This is a conservative number using the word "several" and here is why:
According to the experts and studies of porphyrys:
Copper porphyries are gigantic, they are elephants and they are the ultimate discovery for a junior exploration company. Under the heading below "TYPICAL GRADE AND TONNAGE" in the accompanying attachment note the significance of discovering a porphyry copper deposit that just so happens to have molybdenum contained therein as does Medinah's and Cerro's. These otherwise elephant-sized behemoths now average 3 to 4 times the tonnage when molybdenum is present i.e. from about 160 million tonnes (a metric "tonne" has 2,200 pounds instead of 2,000 pounds) to about 500 million tonnes. Note that MDMN and CDCH discovery has plenty of moly and even has 2 past producing moly mines on site.
TYPICAL GRADE AND TONNAGE:
Worldwide according Cox and Singer (1988) based on their subdivision of 55 deposits into subtypes according to metal ratios, typical porphyry Cu deposits contain (median values): Porphyry Cu-Au: 160 Mt with 0.55 % Cu, 0.003 % Mo, 0.38 g/t Au and 1.7 g/t Ag. Porphyry Cu-Au-Mo: 390 Mt with 0.48 % Cu, 0.015 % Mo, 0.15 g/t Au and 1.6 g/t Ag. Porphyry Cu-Mo: 500 Mt with 0.41 % Cu, 0.016 % Mo, 0.012 g/t Au and 1.22 g/t Ag.
A similar subdivision by Cox (1986) using a larger data base results in: Porphyry Cu: 140 Mt with 0.54 %Cu, <0.002 % Mo, <0.02g/t Au and <1 g/t Ag. Porphyry Cu-Au: 100 Mt with 0.5 %Cu, <0.002 % Mo, 0.38g/t Au and 1g/t Ag. (This includes deposits from the British Columbia alkalic porphyry class, B.C. model L03.) Porphyry Cu-Mo: 500 Mt with 0.42 % Cu, 0.016 % Mo, 0.012 g/t Au and 1.2 g/t Ag.
British Columbia porphyry Cu * Mo ± Au deposits range from <50 to >900 Mt with commonly 0.2 to 0.5 % Cu, <0.1 to 0.6 g/t Au, and 1 to 3 g/t Ag. Mo contents are variable from negligible to 0.04 % Mo. Median values for 40 B.C. deposits with reported reserves are: 115 Mt with 0.37 % Cu, *0.01 % Mo, 0.3g /t Au and 1.3 g/t Ag.
Panteleyev, A. (1995): Porphyry Cu+/-Mo+/-Au, in Selected British Columbia Mineral Deposit Profiles, Volume 1 - Metallics and Coal, Lefebure, D.V. and Ray, G.E., Editors, British Columbia Ministry of Energy of Employment and Investment, Open File 1995-20, pages 87-92.
Doing the math isn't that tough.
It's easy if you simply convert the grades present into $/ton via utilizing current metals prices. For instance, copper trading at $2.80 per pound multiplied by 2,200 pounds per ton equals $6,160/ton for 100% copper. One percent copper (1%) would then be worth about $61.60/ton. Likewise, $670/ ounce gold divided by 31 grams per ounce equals $21.61/gm of gold. Therefore, gold grades of 5 gram/ton are worth about $108.05 per ton of ore mined. Thus 1 ton of material grading 1% copper and 5gm/ton gold is worth about $169.65.
Please keep in mind I forgot about silver and moly values.
These properties are fortunate enough to have 4 separate metals. This allows things to add up in a hurry especially if the extraction costs are only perhaps 20% or less. Probably less, due to the properties being located about 40 km NW of Santiago in the coastal range of Chile at an elevation of approximately 2,000 meters. That's a little over 6,000 feet for those of you who don't wish to take the time to convert. Easy road access and water is certainly available. Plus drilling is available year round!
If we now take the numbers above (which I have already greatly reduced) compared to what we know what has already been found on the properties, the mineralization is worth between $100 and $200 per ton based upon today's valuations for copper and gold based on today's prices. Based upon averaging $150 per ton (do the math based on the ACA Howe reports) if our copper-moly porphyry was of an "Average Size" i.e. 500 million ton then there might be approximately $75 billion worth of copper and gold. If you forgot what you read above, this still does not figure in the profit from moly or silver. Based upon today's metals prices and the average of having $150/ton in ore values, I think a good case can be made for the costs involved to extract these metals can be taken care of easily by the amount of silver and moly mined on the properties leaving the above at bare minimum, pure profit.
Book Value?
Using my incorrect numbers above and trying to keep in mind that I am a simpleton, I will suggest the following: The JV reached brings a 50/50 split partnership. (The original offer from Hotchschild was 49% for us and 51% for them).
This brings our profits from 75 Billion to 37.5 Billion shared between MDMN and CDCH.
I will also assume based on monies spent by MDMN to get us to where we are today, and to bring a major or majors to the table, plus the fact that MDMN has more hectors or property than CDCH, using the 50% split we get from the example above, the sharing arrangement or split can be MDMN getting 60% of that and CDCH getting 40%, or one could use a 70/30 split. You people can do your own splits and figure the numbers, either way they are impressive especially with everything being underguestimated.
This now leaves us with the following pure profit:
MDMN -$26,250,000,000
CDCH -$11,250,000,000
Divide these two figures by the number of current O/S and we get the following per share.
MDMN= $44.50 per share
CDCH= $70.31 per share
Now please reread the second paragraph above, and always keep in mind I am sure I have made huge mistakes here in my calculations.
Good close today. Not as exciting as Medina but none the less good.
Looks like with all this buying and stock increase it just might happen. Most of this stock is held in very tight hands. Most I know won't sell until a huge short squeeeze. I have been in this stock for only a few months and daily price action tells me it is shorted just about everyday. I have heard from some sources their could be a signifigant number shares shorted in this thing. I would not be surprised with this number from the action I have seen in the stock the last few weeks and months to figure a lot. I know I am not selling till at least 50 cents and then just a little bit. If shareholders stay organized on this one and hold tight I would not be surprised to see multiple dollars or more. We just have to get the right announcement. So far from the price action and volume it looks good. I remember reading a post that last year their was 128 shareholders. Personally that is hard to believe. I dought it, but you never know.
Great close today
Looks like with all this buying and stock increase it just might happen. Most of this stock is held in very tight hands. Most I know won't sell until a huge short squeeeze. I have been in this stock for only a few months and daily price action tells me it is shorted just about everyday. I have heard from some sources their could be over 500 million shares shorted in this thing. I would not be surprised with this number from the action I have seen in the stock the last few weeks and months. I know I am not selling till at least a quarter and then just a little bit. If shareholders stay organized on this one and hold tight I would not be surprised to see multiple dollars or more. We just have to get the right announcement. So far from the price action and volume it looks good.
We are clearly in a breakout situation.
We also have excellent volume today. It looks like this is going higher. This type of volume and % gain alerts are going to bring a lot of traders into the stock.
The company put out in public press releases that when they became fully reporting they would be 815 million shares or less outstanding. When they finally reported they were at 1.8 million. Can anyone tell me where all this money went.
I know 275 million shares went to them as some kind of bonus I guess when they retired all their common shares to their preferred three class. That's a $5.5 million bonus. Usually management takes bonuses when they have done a good job in making shareholders a good profit in the stock. How successful have they been? What about the other 700 million shares. Where is all that money. Also after they became fully reporting they deluded another 600 million shares. Where is all that money. Could someone answer this? I know management won't. I have asked Ron numerous times where all the shares were going. He would never give me a straight answer. If you take an average of two cents. This is $26 million dollars not including their 5.5 million bonus. I heard that Paul Alonzo bought a lot a real state for different family members. Ron confirmed this to me over the phone, after hearing it from a number shareholders. His answer was Paul Alonzo spends his money how he likes. I even had it confirmed again today. Does anyone know that Ron Blackburn drives a Bentley. When I called Best Jets last week they told me that the company has thrown extremely lavish parties down in New Orleans which I assume were at our expense. All of these things I hear are highly disturbing. I have spoken to management in practically every division of this company. What a nightmare.
Can anyone tell me with clarity what they still own.
I can feel for a lot of people who are still in this stock.
Personally I as well as at least 20 other shareholders were smart enough to sell some or all on the way down.
Some my closest friends who brought into this stock were not as fortunate. I tried to get them to sell, but they are new at this and were sold on the story.
I sent my last million cert into today. With that said I am going to lose a fortune. The $6.6 billion contract and MIike Mullshine and Ron Blackburn telling me the stock was going to go to $10 dollars got me to buy way more than I would otherwise. Looking back I was a fool, being controlled by greed. Michael Riley as well as the Komex deal both could be not verified at all. Ron would tell me that Mike Riley came from a family whose fortune was in the billions. He claimed to me that this person's family checked out and owned over hundreds of mining companies throughout the US. When I would question Ron why I could not find anything on this Riley person, using a Google search as well as all the other search engine's, he would tell me that the family likes to stay private. What kind of crap is that. How private can you be when you are one of the wealthiest families in the US. I actually asked them if they were illuminati. I also could not come up with Komex. Ron also told me that the father bought over million shares in the company. I did exhaustive research into finding out who this company was. I would also ask Ron why I cannot find this company. He would tell me I wasn't looking in the right places. Then he tell me to look down to one of the South American countries whose name slips me right now, telling me I should look their. That of course came up with nothing. He then tells me they're supposed to do a gypsum contract bigger than the Komex deal, all part of building a superhighway system that was going to span the entire country. Of course all my exhaustive research on that concept as well, I came up with nothing. Let's face facts here. This company got outfoxed by smarter crooks. I guess like does attract like.