is close to bankrupcy
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What about the FB users in emerging markets and rest of the world?
Globaltrnr! I'm one who bought GOOG at $101.00 and sold it next day at $108.00 while dropping from $120. That was a fear. Then I bought BIDU at $72 on first day of trading and sold same day before close at $139.00 after making 100%. But regret when the same stock reached $900.00 after couple of years and forward split into 1 to 10 and is trading some where $117.00 today. Both are social networking companies.
The Scariest Thing For Anyone Thinking About Buying The Facebook IPO
Jay Yarow and Kamelia Angelova | Apr. 23, 2012, 5:25 PM | 6,682 | 16
inShare50
A A A
Here's the scariest thing to come out of Facebook's updated financials today: The company's growth is rapidly decelerating.
Last quarter it was only up 45%. The quarter before that it was 55%, and the quarter before that it was 104%. 45% is good for most companies, but for a company that's supposed to be a hot IPO it's underwhelming, as is the growth trend.
facebook revenue growth, april 2012
Read more: http://www.businessinsider.com/facebook-revenue-growth-2012-4#ixzz1uyb1i2iC
http://us.lrd.yahoo.com/_ylt=Aov9FY2t3KeAjtMpK9NYNmWzBptG;_ylu=X3oDMTFuazk1bmVxBG1pdANBcnRpY2xlIEJvZHkEcG9zAzgEc2VjA01lZGlhQXJ0aWNsZUJvZHlUZW1wQXNzZW1ibHk-;_ylg=X3oDMTJ2bjBsMXZ1BGludGwDY2EEbGFuZwNlbi1jYQRwc3RhaWQDYjVmYjBkNjYtMzRkNC0zMDdlLThlODItYjI5NGIzZjNjOGVkBHBzdGNhdANuZXdzfHRoZWJ1enoEcHQDc3RvcnlwYWdl;_ylv=0/SIG=12655ffl0/EXP=1338326268/**http%3A//www.businessinsider.com/facebook-ipo-2012-4
iman, I like the interviewer's probing questions. He raised very valid questions and he really exposed Petty through his past performance and promises. I learned two new things from this interview, one he is single and of 62 year s old. At this age he want to take a last gamble for himself and may be he has eyes on Saudi group, if they really have any intention in this deal. If I'm not wrong that Saudi Group is associated with aviation business in USA and Petty's confidence does flow from that. JIMHO
well said. Doing RS is the last promise to break by Mr. Bill. I don't understand why he says that there will be buy back. Where is the money or where it is coming from? Such types of hollow announcements are to create a false hope for the investors particularly those with hundreds of millions for many years. Why he wants to buy back after RS why can't he buy back before RS when shares are cheap?
So far during all these years, this company only produced agreements and hundreds of them. To them it is also a production. But with no substance. I think the agreement, Austin is talking is the one with the so called Saudi Group. Though they have already accepted the president ship of FMNJ but may have not yet signed financing agreement. May be they have lot of questions and thus end to this MOU will be like the ones before this. I mean dust bin of company history.
"wazup' thank u for the info. I will provide update to the board as soon as I get some info from Mr. Dar.
Today I called Franklin mining @ 702-944-9208. A lady at the reception got me extension of Mr. Mustaffa Dar. He was not in office or away from his desk. So I left him a detail message along with a brief introduction and request to call me. Let us hope he gives me a shout. One thing is proved that Franklin is alive and Mr. Dar is with this company as of today. So there is chance to get hold of him in the office one day.
tedibear, great info. I will try to contact him on the phone number mentioned with his name. Don't know whether it will go through. Once I will get hold of him I'm sure I will have a real picture of what they are doing there.
No doubt I will volunteer my services in the field of mining. It is really hard for me to justify this delay. Only problem with me is, I do not speak Latino. Trust me I'm a type of a mining professional that will make sure there is production in any circumstances. That should be a top priority and I think bunch of top guys there are not field guys and prefer to stay in comfortable offices. Starting a mine need some one who is on top of the job at site with full authority. Once wheel start running, every thing will follow.
True, you missed Saudi Group. Mr. Mustaffa Dar of the Group,is assigned Presidency. Supposedly he should be running the show on the ground under watchful but sleepy eyes of our Mr. Billy Cuff Links as you call him. May be there is some contagion which turn the most excited one into sleepy one.
I will speak to Mr. Dar once I find his contact number.
BMO Investor line also shows 0.01 as last trade with 1M V.
Thank you for your PM. I appreciate that.
The bigger mistake I did with BIDU. I doubled my money on the same day the stock open for trading. But regret when stock forward split at around $900.00 after couple of years. I bought $72.00 at 10am and sold minute before close at $139.00. 600 shares. Guess how much more I could make. BIDU is Chinese Google. More than 1billion population behind that. In FB case I think Chinese population at large will not be able to buy. That is not a small factor to ignore for the success of any Internet stock.
Nice report. I bought 100 shares of GOOG at $101.00 and was ready to sell at $135.00, that was the valuation done by analyst at Goldman Sachs. On that day it closed some where around $110 or $112.00. Next day it went to close to $120.00. From that price it start retreat. I sold at $108.00 and was thinking it was not bad to pocket $700.00 in two or three days. On that day it closed below $100.00. From that point I stop monitoring the stock and when I saw it again after couple of months it was more then $200.00. Please forgive me for giving approximate figures from top of my head.
I will never do that with FB stock and no body should provided he or she has not committed mortgage money.
Some time in May,2012.
Thanks for the PM. I agree with you one 100%.
My experience with Google and Baidu.com tells me that it will open trading at around $70 to 80. That said I must say that absence of Chinese buyers will tamper down its share price. JMHO
That is best price and if you can afford to buy that much shares , I will say go ahead. You will not regret.
Correction of record, Sorta is not Mod of this board.
$800K is what company wants at this moment. Rest is side show.
According to news, agreement is for 6 month term as mentioned below.
"According to the terms of this 6 month agreement, Franklin Mining will collaborate and provide all drawings and specifications, and will provide in the range of $800,000 to perform the Escala Project objectives to completion."
What this company has to do at Escala is described as under.
"(Pink Sheets:FMNJ.pk - News) - is pleased to announce that the Company has finalized the highly anticipated agreement with Bolser Ltda. which will be instrumental in providing civil and mechanical work services; including construction and maintenance, mass earth movement, camp and plant construction and maintenance, and railroad construction for the Escala Mine."
Is there any body on this board who believe in his right mind that any company can complete all the stated work in 6months and start production in an area like Escala. This time frame is too short for this type of work, even in highly developed North American settings. Here we are fed a news that all that work will be completed in 6 month. For me even 'mobilization time' for contractor can easily exceed 6 month. Even this place remains in accessible for couple of months every year during raining season.
Therefore to me this is same optimistic PR as usual and is precursor to sell few more billions of shares to some one.
It is to remind to all posters that official language of this board is English. Quotes from other languages should accompany translation for benefit to all. Thx
Blackhawk's following mandate allows them to be a partner of FMNJ. Just guessing. It provides a reason to believe the possibility of such partnership. That said we have been exited before about such other developments but after some time there was nothing except a big disappointment.
"Private Equity Investments & Advisory Services
Blackhawk Partners, Inc., is also a firm that serves as both an advisor to and an investor in its clients.
The Firm’s main role is to act as lead sponsor in "cash flow generating" management-led buyouts, strategic equity investments, equity private placements, consolidations and buildups, along with growth capital financing throughout the asset class categories. The Firm is industry agnostic and does invest globally as long as it is dealing with the right "operators".
Unlike many private family offices, venture groups and other hedge funds, Blackhawk Partners, Inc., does not generally back ideas, start-up situations, private equity or other hedge funds, non-profit organizations, or Greenfield opportunities. The Firm does though work aggressively with higher quality senior secured debt, distressed debt and different forms of credit- related investments for corporations wanting to make an acquisition or otherwise but can’t access the "Capital Markets" along with the traditional buyouts, recapitalizations and growth and acquisition capital financings."
Who knows one of these day, a JV like this one from no where, will inject life into this investment.
newnubie! Google search has came up with Abdul Nour as CEO of Blackhawk Partners. Since both Abdul Nour and Mustafa Dar are Muslim names and shows strong link to middle east, I can say, on the basis of circumstantial evidence that this is the right Blackhawk.
May be Mr. Mustafa Dar is CEO at present but I was not able to find that information.
Following is from Dar's firm, Blackhawk Partners. May be that excites you? May be that is the Saudi Group Mr William was referring to.
"Physical Commodities Trading
Blackhawk Partners, Inc., is a reliable trader and supplier of a wide range of commodities and financial instruments to industrial and financial consumers globally.
The Firm’s role is to be a trustworthy and competitive partner to businesses in the segments of the market which it serves and to support these businesses as they expand and develop.
The Firm’s customers around the world rely upon Blackhawk as a source of Metals and Minerals and Crude Oil and Oil Products.
These products originate either from Blackhawk directly or indirectly owned assets, or are secured by Blackhawk from third parties.
The Firm believes that success in commodities trading comes through genuine long-term commitment to all elements in the production and trading process."
What happened to Saudi Group? This does not sound good. May be he has realized that preparing to prepare does not sell any more.
HAPPY THANKSGIVING to you from Canada.
It is useless to argue with you. At one stage we all have been staunch supporter of Bill. And there were those who were religiously reciting praises from morning to evening. Those included Americano. Financial Adviser(who actually founded this board) who had been instrumental to get most of the veterans into this on the bases of strong supporting arguments.
Franklin failed them and they got disappointed and vanished from this board since long.
With all that said I'm the type of person who is ready to give benefit of doubt to General who lead the troops into the battle field, b/c it is he who really knows the condition of the battle field.
But what we and every one I mentioned got pissed off was due to numerous bullish p/rs with absolutely no follow up. Therefore troops have lost the confidence but still hope to see some progress.
Therefore don't think even for a second that we are in any way against this investment b/c we have our hard earned $$$$ into this and want to exercise our right to criticize the management.
Sorry I'm in hurry and am leaving. Pl forgive me if I was not able to structure the paragraphs well. Thx.
Trend22, sorry I do not have privilege to PM you back.
We are here for a long time and have no idea how much longer it's going to take. Most of veterans here are in deep red including myself and have no other choice but to wait. Also u do not have any choice except wait. Therefore let us wait and that is what we have been doing for so long. I will never advise any body to put more money into this until some real progress on the ground. As RS is concerned, Bill has kept his promise of not doing that. But with change in management/board, as per today's P/R, you can't say,with certainty that things are going to stay the same. That is if the content of this P/R are right.
Perhaps you will never hear about this funding issue. He tried to stir interest by several such high profile claims but people are not buying any such b#$%t any more.
The best option with him is to show some lab results from testing in Peru of 300tons of ore. I'm afraid, that too will get lost and never see day light again.
You have noticed rightly that the name of the Franklin has come up not as a main stake holder. Cooperatives are like big Trade Unions, in my opinion, they play dirty when it does not suites them and will not hesitate to abandon any contractual obligation with any lame excuse at any moment. Although our Charmain was very excited about the relation he has developed with Cooperatives but to me this relation can not be termed as reliable and investor friendly. Particularly when other party in the contract is consist of local Chieftains and cunning Tribal heads, who do not have a history of fair practice in their dealings. JMHIO
I'm glade short sellers have not been blamed so far unlike many other Pinkies, where short sellers are squarely blamed for every thing.
Yes it was JV and if I'm not wrong, 200tons of Antimony which was estimated to contain some other precious metals, subject to Lab analysis at the port. We were excited to see some revenue, even if a meager one, from that consignment. But nothing at all.
Don't we deserve any explanation from our company Chief?
CJ! They have mined Antimony, put in trucks and transported to port in Peru in the past and then complete silence. It seems like there is a black hole where things end up once in a while.
Therefore no guarantee anything different will happen this time. Don't keep your hope too high to avoid disappointment.
I'm one of those who are heavily invested into this. I don't want to say things that might haunt me later but with every passing day it is getting bit difficult to remain optimistic.
I don't know any option, left for share holders except to sit back and watch this drama to the end.
Using the big word like, 'consolidation', merely is an attempt to create false impression of a big corporation
Using the big word like, 'consolidation', merely is an attempt to create false impression of a big corporation.
All this is done at a time when we are given an impression that company is at the verge of earning revenue from its three mines. Companies usually expand their office once they start production. It is reverse here and that does not sound right.
Can u please expend upon, "they consolidated their overhead"?