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First you say that there are "a lot of underwater investors in this stock', then you favor "taking profits rather than continued holding". What profits? :) I don't think that AMEX alone will resolve all problems. And nothing is wrong with taking profits in any stock at any time. But there is a chance that announcement of AMEX listing will be followed by "something Big", as you call it. For example, appointment of new CEO; merger/acquisition plans; or something else. Besides, institutions & funds still own about 25% of USA shares, with Sprott Asset Management - almost 16% (underwater, BTW):
http://investors.morningstar.com/ownership/shareholders-overview.html?t=USA®ion=CAN&culture=en-us
So, the risk to be caught by "something Big" is rather significant for those who is selling now to reload later. Again, I am not defending "buy&hold" strategy, and I trade part of my position sometimes. Just not sure it's a good time now...
"10-80mg per tonne" (according to Migachev) is 0.01-0.08 gram - at least 10 times less than yours 0.8 gram. And nobody claims that it's impossible to extract this gold. For example, Germany and Japan have working technologies like this. Unfortunately, Markray doesn't do this and never will. And you know this better than anybody here...
Didn't you tell us you met Olga Smolnikova before? Either you did not, or ... This is her, 100% guaranteed. I have a second thought about revealing emails, phone #s, etc. Sorry, but I think you could be one of them... Otherwise you wouldn't have questions about her picture...
"Tell: criminal proceeding is begun concerning heads of that Aurus or not? "
I know that some investors are trying to do this. The main target, however, is Canadian part of this International team. As I know, Russia doesn't have extradition agreements which USA, which makes Russians unreachable to US prosecutors. Still, there were several complaints to Interpol, but I don't believe it will make any difference. Unlike Russians, Canadians are very reachable and many of them were sentenced for similar "business". So... we will see.
But my point was that "Aurus" was just a public cover, just like "Markray" is now. It's the same people promoting the same "assets".
BTW, I would be interested to hear your opinion (if any) on that factual stuff posted before: Migachev's descriptions of perspectives of gold producing in Moscow region (Markray likes to refer to TsNIGRI expertise); Markray address (did you visit their office?); and many others. Can you tell us how/where did you here about this company first? Thanks.
BTW, how come there is no any mentioning of Markray on these sites that list all the companies in Roshal:
http://www.moscowpage.ru/towns/935-roshal
http://www.russia-companies.ru/roshal-893.html
http://pulset.ru/all_citys.php?id_city=323
Although, there are several other businesses with the address "18 Kosyakova" that Markray claims to be the place of the company's head office. And why do they make it look like the Kosyakova Street is in Moscow when it's in Roshal?
http://blackbirdinternationalcorporation.com/markray/contact.html
You know, based on my previous experience with this team, I would assume that they just registered the "Russian branch" in Roshal, but never visited this place in reality.
I may call the companies located at this address and ask them about their mythical neighbor who is producing gold in the place, where it can never be produced (according to the Director of TsNIGRI Migachev).
Another scary pictures of dead chemical area. Somehow nobody noticed brave guys from Markray producing gold over there:
http://www.roadplanet.ru/home/reports/75/
Something like this we saw with AURC - the company claimed record production numbers, which would put it at the top of the list of Russian gold producers. But nobody in Russia ever heard of them.
An abandoned chemical plant
The territory of the chemical plant in the depopulated town Roshal has more than 20 buildings. The oldest buildings were constructed in 1920. However there are modern buildings too. The total area of the plant is 15 square meters or 450 hectares. This plant was finally closed in 1999.
Roshal is making an impression of a phantom town: the buildings of the soviet times, many of which are abandoned, empty streets with the soviet names (the street of the 2d five-year plan, the street of the 3d International).
At the times of the plant functioning, a majority of women who worked there went home crying. When they went through the plant road where a considerable layer of acid cinder was, their tights were torn to the knee because the acid burned the material completely. The same thing happened with the car wheels – it was necessary to change the rubber constantly.
According to the stories of local people, during the operation of the plant there was a red smoke over the town. It is not surprising that nowadays Roshal is deserted because not everyone can survive the daily chemical attack. And keeping in mind that chemical fumes can affect our weak bodies even after many years, it is quite possible that nobody from people living here is healthy completely.
By the way, we won’t stay here for a long time, that’s why you will have only strong impressions and nothing will threaten your health.
A lot of pictures here:
http://r-u-t.com/objects/roshal/gallery/
Conclusion: These guys are heroes - working hard for their shareholders in such a deadly environment.
Paper manipulation can be beaten only by growing industrial demand. You can't feed producers by paper silver: ETFs, derivatives, etc. They can't use it for any real life purposes, they need physical metal. Unfortunately, industrial perspectives are kind of uncertain in the current economic environment. Still, $40 silver seems very reachable this year. IMO.
"...Igor Migachev, general director of TsNIGRI, told Mineweb he has never heard of Aurus; Krong; another Aurus company called Zabaikalgeoprom; or the pyrite ash dump, which Mineweb has located at the chemical combine at Roshal, a town not far from Moscow. Migachev says the contract document and the report document are "fake"; "they have been forged", he charges...
...Regarding the so-called Krong reserves near Moscow, Migachev told Mineweb: "this is an old story that there is gold mining next to Moscow and in central Russia. In reality,there are sand-gravel pits where you can theoretically mine gold. It's approximate content in the mix is 10-80mg per tonne. We've calculated the economics, and it is reasonable to get gold from there, if you process 1 million tonnes of this mix per year. It is a very costly, low efficiency gold mining process. It could attract none of the current gold miners. There are no other places which could be called ‘tailing dumps' around Moscow. I think they are misleading their audience by talking about these pits."
http://www.mineweb.co.za/mineweb/view/mineweb/en/page66?oid=45015&sn=Detail
For those who are new to this endless saga...
Below is the document about transfer of 80 mln tons of waste in Roshal to Krong free of charge for "recycling" purposes and "cultivating of the area". Representatives of Krong/Puma brought some samples to TsNIGRI. TsNIGRI experts told me they never visited the site and not sure where were those samples from. They just tested the samples. Since then the Canadian/Russian crew has been selling this chemical dump through 3 public companies, at least (Aurus, ZolotoVenture, Markray). They also were trying to sell $10K bonds to US investors, and even sold 4 of them, as I remember, before Aurus went belly up. We have also seen pictures and even videos "from the site" that later happened to be pictures from other places (mostly in Magadan) some of which belonged to other companies. When I asked Aurus person: "how is it possible?" the answer was: "We cooperate with them. This plant and "druga" is almost like ours."
So, A: the ownership of this waste dump is unknown (also I guess they can move it for free within the team using famous Russian "circle method"); B: real concentration of precious metals in this area is unknown; C: the crew has done nothing except selling this waste to US investors under different company names (some of them were recognized by SEC as a fraud already - check Aurus, AURC.PK).
One more indirect proof that our Russian posters are operated by the management or, at least, they are closely watching this board. Some of my information on Markray "President" (including photos) was taken from Smolnikova's public profile on one of Russian social networks. A few hours later she removed all the pictures and dropped her last name from the website. And I thought she is too busy discussing buyout at $1+
Just to remind you: at one point this team also sent a couple of posters to AURC Yahoo board. Their messages were very similar to what Jack posted here (coincidence, of course). And one of them revealed to be "the General Director" of Krong - the company that was playing Kosyakov chemical dump at that time. New ticker, the same game. Obvious absence of creativity...
IMO.
207,000 shares offered at the ask 0.04 right now, from the start. I am wondering who is selling this $25-worth stock? :)
BTW, didn't you tell us that this stock is good for a couple of cents flip? Why would you sell it at 0.04 if it's worth $25? Just relax and wait when your price target is reached...
If you want to know who is behind Smolnikova - it was posted many times here. If you want emails of involved people, just let me know. I also have some phone numbers, but wouldn't share them for privacy reasons. These chemical dumps in Moscow region are worth nothing, and Puma received Kosyakov dump (which Markray claims now) for free. If you want the copy of the document I can try to find it.
Olga Smolnikova is "like Luzhkov's wife" is more than exaggeration. She is Chegenev-Marushko's associate for second plan roles:
Do you know that this team has a habit to plant posters to the message boards to tell US investors about $25 targets; Russian oligarchs interested in assets; etc.? I can name you a few.
Bottom line: the company is hugely overestimated and its real price is $0 per share.
IMO.
Sorry, I was looking at wrong place. It was an old form. Disregard my last post, I can't delete it and there is no moderator on this board to help me. :) Although, the point is still correct: they are not obligated to report anything to SEC. It's up to you to believe their "reports" or not.
Jack,
in this post you sound like “normal” penny stock investor – flipping pinky position is the only way to survive most of the time. After you admitted that RVBR shares is “an air” there is nothing left to argue about. I agree one can make some money on occasional moves up. But in your example: buying @ 0.025 and selling @ 0.04 is almost impossible in this case. These guys can’t even operate a good pump, which requires some skills and patience. You need to carefully build trusting environment by logical consistent PRs that look real; you let the stock run a little to attract new fools with possible $1 price target; you even buy your worthless shares to build some support, etc. And what do we see here? They have been issuing “buyout” PRs 3 days in a row, then when the market opened yesterday with “encouraging” bid/ask 0.055/0.06 they immediately put 300+K shares at the ask. Of course, this killed the air rally. They actually kept chasing the price down to 0.04 with hundreds of thousands shares offered. These guys don’t have patience; they don’t believe in their own stories and want all the money now while they can. In this situation retail investor/trader has almost no chances to sell higher than he bought. There are hundreds of people on iHub boards who were left with worthless paper trying to play this and other stocks operated by the same Russian/Canadian crew.
Good luck with your trading, just don’t tell us that this is a legitimate enterprise. Let me remind you that this is not Russian company. This is US corporation with claimed Russian assets. They are inactive; they are not registered properly; they have not paid taxes for years; they are likely to be delisted by SEC at some point in future like their “sisters” were. Don’t be caught by this move.
IMO.
The company also bought another lot of 21500 shares yesterday:
http://www.tmxmoney.com/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=usa&x=40&y=19
Hello, our Russian friend. Please check messages posted earlier. My humble opinion: the Company is overestimated at this level. The fair share price is zero. I am not going to go into details, just read messages on this board. If you have any "local" details to share feel free to post. Are you from Moscow? Are you familiar with Valentin Chegenev or Vladimir Marushko? Did they ask you to promote the stock here? Why did you buy RVBR instead of shares of Polyus Gold or another real Russian gold company? There is absolutely no interest in this stock inspite of daily pump about > $1/sh buyout. Nobody believes them. Why?
Welcome to the board.
Don't forget that Markray is inactive (dead) Delaware corporation. Everyone can see this on Delaware Division of Corporations website: * W0006Inactive Corp : https://delecorp.delaware.gov/tin/GINameSearch.jsp
They didn't pay taxes for many years; they are inactive; their "President" and "BOD" are not registered with the State of incorporation. This is 100% replay of Aurus scenario. So, I would not be surprised if this chain of successorship was broken at one point. These people don't even bother to use some creativity here. But by the time SEC finds it out many people and their money will be parted, I guess.
After several days of "silence" the company bought 19,700 shares today - at average price of ~$2.49:
http://www.tmxmoney.com/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=usa&x=0&y=0
I does look like 2.50 is their line of defense at this point.
First, Olga Smolnikova to Markray is like Andrey Lvov to Aurus. Those are fictional "presidents" - puppets whose names are just used to sign PRs. Real players are behind the scene, and I named them before. Second, regarding that Russian fraud mentality... They would think twice before doing anything like this in Russia - too dangerous, they can be prosecuted or just murdered by victims. Another thing when you are protected by lack of legal treaties between US an Russia/Ukraine. Besides, your victims are far away. You don't see them, you don't know them. It's like a computer game - you click buttons, and some naive or stupid people send you cash... For example, most of normal people would never kill their neighbors, but would easily press the "red button" that kills thousands "remote" (means not real, nonexistent) victims.
IMO.
thanks. Just watching for now...
Do you know anything about competitors? For example:
http://money.cnn.com/2010/10/01/news/companies/gold_atms/index.htm
http://www.ex-oriente-lux.de/en/
Building of gold ATMs is not exactly a rocket science... it's almost like selling candy bars. :) What makes PMXO special?
Thanks.
Past "buyouts" announced by this crew (NDOL, AURC, etc) demonstrated that they never care about "offer price" (which is the fruit of imagination anyway). All they need is a trading volume (bid support) to unload insiders shares. They could not do this with RVBR so far. They keep printing empty PRs literally every day, and no interest at all. Maybe investors learned their lesson already? Even professional "pump team" hired several months ago couldn't generate any interest. They don't have "the report made under National Instrument 43-101" - pure Canadian instrument that reveals the source of this pump. Next step is to announce "negotiated buyout price": "Smolnikova wants $1/sh, but anonymous buyer offers only $0.85", or invent another "competing offer". Maybe Russian billionaire wants this toxic chemical dump?
IMO.
"Markray Corp (Pink Sheets: RVBR) announced today that it has obtained a commitment for the financing required to acquire the right to process an additional 50% of the reserve of gold, silver and platinum. Consequently, it shall have the right to process 75% of the stockpile that it is currently processing."
For those, who may forgot the history: current Russian team received all those 100% of stockpile for free from Roshal Chemical plant. The old Roshal management was happy to get rid of legal and environmental responsibilities for this toxic chemical dump. The chain of "ownership" looks like this: Roshal Plant -> Puma/Krong/Aurus -> Zolotoventure -> Markray. Everything starting with Puma is just paper manipulation between the same group of people Dovgan/Chegenev/Marushko. Markray's President Smolnikova used to work in Puma (Chegenev) and is the Marushko's (ZolotoVenture, Markray) closest "business partner". Marushko had a company with the same name "Markray" in Magadan, which really produced some gold (w/o much success) and they use this name here to mislead investors and make an impression of gold-related business. BTW, all numbers of gold/silver resources are fictional. They were produced by TsNIGRI based on samples that Puma brought to the institute nobody knows from where. TsNIGRI experts have never visited the site (I contacted them a couple years ago when it was Krong/Aurus property), etc... read tons of related information posted on AURC board.
The only difference I see from previous attempts of the same crew to cash out that Roshal dump - their English is much better now. They probably found someone who can translate their dreams into plain English.
IMO.
IMO. After each placement the share price is held back by shares sold by underwriters. When the market digests those shares we will move up. Hopefully, the management will help us with announcement about start of commercial production.
Up 589% today! I don't think you would be able to sell at the ask... or buy at the bid. If anyone managed to do this - let us know. With spread like this and no trading at all they just show us where they think this thing should be traded right now. Unless management plans to take the company private they need to do something about the float: secondary offering, listing on other exchanges, etc. IMO.
As I stated before, SIBN is basically a branch of UK company managed by the same team. As to the stock, the float is zero, and all insiders shares are restricted. It will probably stay dead at least till May-June this year. IMO.
Haven't they just announced an offering? It's just mathematically impossible to implement all those huge plans without further significant dilution... or having someone with deep pockets behind their back. As I said, I like the idea and went through the company's website and latest SEC documents. If they had a support (JV) from a major bank (like Citi or HSBC, for example) this would look more real. But bankers will never support ATMs that would drive money from their accounts and compete with banks investment products. So, the ATM will be located in malls, hotels, etc. I think one of the big retailers (like Walmart) could be interested... I'm going to watch for now and suspect that the share price will drop on the current stock offering.
IMO.
Any idea where are those $10+2 mln from?
I like the idea but I don't see how they will be able to make any money... ever. A lot of debt that can only grow in future. IMO.
In this case an official announcement is more important than buyback itself. It encourages shareholders and drives shorts (if there are any) away. I think the actual buying by the company can happen only as a last resort to "fix" closing price.
Yes, there are two new insiders buys: 50K @ 2.14 and 8K @ 2.22:
http://canadianinsider.com/node/7?menu_tickersearch=usa
We need to talk to them - by phone, email, etc. They need to realize that there are owners of this company, who don't get any bonuses, options, and are kind of unhappy. I sent the corresponding request to Sprott Corp. recently... with no hope to get response though...
There is one trick that would send the share price up immediately - put one of young GOOG or AAPL executives on vacant CEO position. And I am not kidding. Let those guys with 40 years of mining experience find and extract silver, what we're missing is the energetic ambitious leader, who knows how the market works and can communicate with shareholders. Another way - merge with some aggressive exploration company that already has this kind of management but lacks revenue and production. IMO.
When I saw this latest PR first time I didn't pay attention and thought they were talking about December private placement that we have been digesting since then. Just realized that I was wrong. Two months later, when the blood from the last offering is still fresh, they issued another 6+ mln shares @ 0.08... which doesn't sound right to me.
As I understand, you don't need to wait for USSIF->USSID conversion to buy new USSID shares. At least, that's how it worked with ETrade - I had two different positions for almost a week. So, although I understand and share all the frustration, the only real reason to be unhappy is because people couldn't sell... and nothing is wrong with this, of course.
I hope Scottrade shareholders are not going to start selling tomorrow...
Guess what? I've just received a response to my email to USSID with "concerns about option plan and further dilution of common shareholders". Nothing really new in this, but the fact that it was from USA CFO Chris Hopkins (with CC to their IR guys) makes me feel warm. Actually, being delusional :) , I believe that last time when I contacted them about insiders selling it was heard and we have not seen any insiders sells since then.
"Hello Mr. ***,
Yes the everything got divided by 5 after the share consolidation. The grant to Mr. Ryley is consistent with industry norms for when a new Director joins a Board and not outrageous when compared to amounts normally granted.
One of the motivations for the share consolidation was to qualify for listing on the AMEX exchange in the US, something that should benefit all shareholders. Additionally several funds in Canada and the US can now invest in your Company with the share price above their investment thresholds of $1 and $2. With the high volume of trading volumes pre roll back, the stock had sufficient liquidity to support the higher price.
I hope this answers your questions
Yours truly
Christopher J Hopkins, Chief Financial Officer, U.S. Silver Corporation."