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Absolutely seems the line is still drawn between 0.04 and 0.05!!
No one is really buying or selling at this price!!
Although I think some more retail is coming back the longer this stays in this range.
People are comfortable to buy some at this level as the REWARD is HUGE if it is not a scam!
Everyone can lose $500.00 or say 10,000 shares and if it goes to $3.00!!
They make $9,500.00
I think that is making the illegal shorts a little concerned!!
At this time!
ID
I am and everyone is waiting for the SEC letter you sent to be posted by yourself!
I would like a closer look!
ID
It probably is a cross from one MM to another MM!
To give the illusion of SOMEONE dumping shares!!
Thereby causing all these posts tonight!!
ID
Who is going to sell them at 0.05 NOT ME!!
ID
That is just legal short interest! NOT NSS!
ID
How are they breaking the law!
SPNG management are also knowingly breaking the law by supplying them with the information. correct?
Why can they NOT give the info??
ID
Where does it say they can not have 10-k and 10-Q before the 211!!
SPNG could give the MM the files before they give to FIRNA and also give to FIRNA since they need to produce certain documents any ways!!
ID
Yes MM's can see forms before they go to FIRNA
Frequently Asked Questions (FAQs)
There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not FINRA has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
Because FIRNA asked to have filings up to date, they want to see 10-k and 10-Q's before they grant the 211!!
They can ask for anything!
ID
Could the MM that is applying for the 211 be buying all these shares since they would be aware of the 10-K and 10-Q??
ID
probably NSS!!bailing
ID
Can you post your letter to the SEC that you made out on Nov 8, 2009?
That would be nice!
TIA
ID
Maybe the other party has left the country as a few of you have suggest MM and MS will!!
ID
Someone yesterday said Pre-trial on DEC1, 2009!
ID
But they are probably doing the 10-Q as well!!
ID
WRONG COMPANY AGAIN! that is why the price of shares moves so much on this site not SGCP!!Wrong reason! People should cash in because of this!!
American Sierra Gold Corp. (OTCBB: AMNP
ID
Make sense now?
ID
Just took off in Sept after LAW suit!
ID
That is why TRADEMARK issue!!
ID
But they had SPONGETECH on their packaging!
ID
So from Dec 2008
•In order to secure and expand our long term presence in the mining sector, Sierra Gold Corp. outstanding shares have increased to 372 million.
it has increased to 648 million that is not good!to June
How much till Sept 2009?
ID
See below go under filings and pull up June quarter it states
648 million!!
the best place to find quarterly reports is
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sgcp
ID
Not good report in JUNE said 625 million I think will check!
ID
Thank you in advance got to go !
ID
In a sense yes value added as it is an asset and it has value.
Good point!
ID
well that is 2 million shares and then shipping and then his trip and then other equipment etc
How many shares did the company dilute and that is now share price!
If dilution occured 3 months ago 4 million or more for dreger!
Making me more concerned as share value is less if the company diluted another say 100 million shares!
ID
That would still be good if there is a NSS position as that would cause a MOASS!
ID
Thanks!
Now how did they pay for the dredger?
ID
Usually there is the WORLD BANK!
The only problem there is a lot of RED tape, The company has only submitted this to them.
And X-mas is coming not sure if it will get done before then.
Something that bothers me is that Sagan and THE CORK both said that there was dilution of shares to buy the equipment!!
How much is the QUESTION??
That even bothers me more now!!
ID
That does not mean that when SPNG askes for 211 with MM that they have to EDGAR it first.
As per FAQ they can ask FINRA for anything!
ID
Well according to this they can ask FINRA for anything they wish!
After a Form 211 is filed, how long until the security can begin quotation on the OTCBB?
Frequently Asked Questions (FAQs)
There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not FINRA has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
So they could ask to see them!
ID
Sorry misread your original post!
ID
HOW do you think they get CC's???
It is carbon CAPTURE!!
How do they carbon capture, well store the carbon in TREES!!
ID
But people have quoted this evening that the project is only 7 YEARS!
Not only that On the GREEN plan it states 42,500 acres and yet
"In order to proceed forward with the project, Sierra approached 2 third parties who provided project funding for a participatory interest and we have now reached the stage of project submittal for approval. Should this project be approved as expected, the carbon credits available for the project can be forward sold and we are advised the proceeds of such a transaction would result in eight(8) figure proceeds. These proceeds will allow Sierra Gold Corporation to develop and complete a 20,000 acre Kiri project as well as supporting all of Sierra Golds other activities. "
The CEO states it is 20,000 acres ???
Which one is it?
ID
Well I am a farmer and 4 miles by 4 miles is 16 sections!
Each Section has 640 acres therefore this plot has only
10,240 acres!
Not 40,000
ID
BUT they can see them before! Does not say they have to be EDGARIZED before seeing!!
ID
People think this over 4-7 years
Think again see below and see my comments below!
Africa: 1
Aforestation project of 42,500 acres in Sierra Leone
Aforestation as Renewable source of Wood for Industrial use: The objective of the project activity is the Aforestation of 42,500 acres of Kiri Tree: Japanese Empress Tree, Paulownia located on degraded lands in the ecological zone of Sudan Savannah. The project looks forward to recover degraded land, and develop sustainable economic activities, as (4-7 year) pulp, paper, (8 year) lightweight hardwood lumber, clean coal production, Biofuel production, wood harvesting and improving the community’s standard of living. The project will benefice more than 10 villages and 3500 people in annexes of this community and is conceived using easy-to-replicate technologies and promoting the intensive use of local labor, assuring that the biggest part of the benefits will remain in the community. The project will reduces the risk of negative impacts on biodiversity and increasing the success possibilities of the proposed project activity. Proposed project activities:The establishment of plantations as a renewable source of wood supplies for energy to meet the industrial needs is expected to result in twofold benefits: (i) generation of carbon stocks and of GHG removals by sinks additional to those that would occur in the absence of such plantations, and (ii) substitution of sustainable sources of biomass in place of fossil fuels and non-renewable biomass, which contribute to GHG emissions in Africa.
Estimated Carbon Credit value 410,000,000 USD
Estimated timber harvest value 700,000,000 USD
Africa: 2
Aforestation project of 70,000 hectares in Guinea Africa
Aforestation as Renewable source of Wood for Industrial use: The objective of the project activity is the Aforestation of 70,000 acres of Kiri Tree: Japanese Empress Tree, Paulownia located on degraded lands in the ecological zone of Guinea Savannah. Kiri plantations are established in an area of 70,000 hectares. The land use under the plantations is expected to cover a 50 years period, with the first harvest taking place after 3-4 years, followed by two successive periods of 7-years rotations through coppicing. Taking into account the annual planting over the first 7-year period starting from 2010, the project will have duration of approximately 50 years (2010-2060). The project adopts a single 50-year crediting period and uses the tCER approach to account for the net anthropogenic GHG removals by sinks from the project.
Estimated Carbon Credit value 800,000,000 USD
Estimated timber harvest value 700,000,000 USD
On the first project the timber recovery is on 42,000 acres and the 2nd project is on 70,000 acres
The totals are equal
Someone pointed out that the project was over 4-7 years
The 2nd is over 50 YEARS!!
Therefore some thing does not add up
I think both projects are over 50 years RE TIMBER!
Secondly,
The CARBON CREDIT is almost double on the projects ,
Why!!
1st one is 42,000 acres 2nd one 70,000 acres
2nd one over 50 years!! Therefore WHY would THE FIRST BE OVER 4-7 YEARS??
Therefore in my mind BOTH PROJECTS ARE OVER 50 YEARS!!
BIG difference in money coming intially!!
IMHO
ID
Just want to make sure I know what this is about!
To many gooders very few that question some things on this board.
And the CC program is great but very slow as I think you will all come to find! Not as quick as all parties think. Including management!
A long term investment for next 6 months maybe?
A trading stock maybe as well!
I am in another stock that surprised me good and bad!
Vowed never to MARRY OR LOVE a stock again!
ID
Thank you!
So according to this
After a Form 211 is filed, how long until the security can begin quotation on the OTCBB?
Frequently Asked Questions (FAQs)
There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not FINRA has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
Therefore they can give them 10-K's and The 10-Q's before they are EDGARized to make sure all is needed for all parties.
Is this is what is meant?
TIA
ID
WHO gives OK for 211? SEC or FIRNA?
And if MM need to sign on how long will it take to get up and running?
Just in theory OK
OR anyone else can answer
TIA
ID
OK then.
ID