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Total Agreement.
GO SGCP!
scotlanrules quote: "But this is exactly what Doug wants. So he can walk away."
You can't be serious. So you think Doug wants to just walk away from all this after how many years [/iYof his life have been used building this up?
I may complain about his communication style, but the man has worked hard and deserves a little respect for it.
Charlie
We are going to be stuck here on the bottom until this stock can once again be traded with computer orders. Unfortunately, that isn't going to happen anytime soon, IMO. Of course, it would help sooth us nervous investors to hear more from Doug, but I doubt we'll hear anything. I don't think he CAN say anything, can he? let the lawyers get this resolved.
SGCP WILL continue to be a company mining gold and farming in SL. We'll recover and bounce back someday. Hell, I remember reaching my first million shares and how proud I was at that moment. That was about $2,000 worth of stock. Now I can get more millions @ $100 each.
In the mean time.....
A Stolen Life by Jayce Dugard. A true story of kidnap, rape, and captivity. You won't be able to do anything else but finish reading this once you start.
Charlie
Another use for this device.....
Workers comp fraud for slip and fall back injuries is HUGE. There currently is NO PROOF that the patient actually has any back pain at all. if you are a good enough actor, then you don't have to work anymore AND get a good supply of drugs to help you pass the time away.
This could end all that and save insurance companies and medicare huge bucks.
Thank YOu Doug, for the website update letting us know officially that you are aware of this problem and that you'll be working to resolve it.
Charlie
Thanks 12thman! I wouldn't have looked there to see a website message to us shareholders.
http://sierragoldcorp.com/press_detail.php?recordID=106
a part of this contains.....
"The complaint seeks disgorgement of of ill-gotten gains, appropriate civil penalties and a permanent penny stock ban. In addition to Mr. Bronson, the complaint names as defendants two companies he controls: Fairhills Capital Inc. and E-Lionheart Associates LLC."
Charlie
I was on the phone with e-trade on another matter... and then since I already had them talking, I asked about SGCP. They confirmed the DTC suspension and that it would take a phone call to them for each transaction.
So it's not impossible, but it certainly is a black eye. I'm sure that no new investor would touch this and that it's only us LONGS that are buying anything (even a sell order has a buyer on the BID, for thise of you arguing that there isn't any buying).
assuming we pull through this, and I think we will, then later on these 1's and 2's will finance our houses, yatchs and vacations.
I wish Doug would say something...
Charlie
B4, a thought for you to ponder....
Don't MOST lawsuits result in cash settlements? It's just easier that way for the courts to execute a cash transaction.
What if the court made them give back to SGCP the profit that they made, and told SGCP that they had to buy back the stock themselves.....??
$836,000 worth of stock at these prices would be a lot more than 1.1 billion shares.....
Wow! 3's were up a minute ago, now just a little over 1 mil on 2. Could we see upward movement today?!?
Thanks Pro-Truck for the update.
Your post just MAY be the reason why so many people took their stock off the ASK.
Charlie
This is reminding me of "Kitchen Joe" with his video release that was nothing more than him sittin' at home chatting it up at his dining room table while his phone rings in the background.
I was hoping that this company, under new management, would ACT like a real company and produce a PR instead of twits on twitter. I'm NOT signing up for twitter just so I can get these little tit bits.
Give us INVESTORS a PR!!
There had better be room on the SGCP boat for 'my girls'.... I don't wanna leave home without them! ha!
BakerBoy, thanks for sharing your infomation from Doug. I too am very surprised that Doug, or rather SGCP, hadn't received anything offical from the SEC. And this 'Global lock' nonsense has proven out to be non-existant because this stock appears to be trading normally.
I'm very curious to see what will happen regarding this issue. Has anyone (anyone with a lot more time on their hands) tried contacting the other companies on 'the list' to see what has happened and if they have recieved offical SEC notification?
GO SGCP!
Charlie
I can't figure out why people would sit on the BID with NEWS LIKE THIS!! For just a pinch more $ they could buy and hold.... why would a seller move down to the bid after this news?
Charlie
I can't believe no one snapped up those 43's... now I see they dropped 50k of them down to 42, and there they sit.
I already bought some at 41, so I'm done now and just watching the show!
Charlie
What GREAT news!!!! I wonder how far this will run in the first hour alone?? I think it will break a penny and more almost immediately!
any other guesses?
Charlie
Very interesting news release....
http://phx.corporate-ir.net/phoenix.zhtml?c=236277&p=irol-newsArticle&ID=1728934&highlight=
Molycorp Announces Start-Up of Heavy Rare Earth Concentrate Operations at Mountain Pass, Calif.
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Aug. 27, 2012-- Molycorp, Inc. (NYSE:MCP) today announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, California, which will produce heavy rare earth concentrate from freshly mined Mountain Pass ore that will then be processed into high-purity, custom-engineered heavy rare earth products in Molycorp’s globally integrated production facilities.
I got this from our neighbors ihub board... but I thought about us too and went hmmmmmmmmm.
Charlie
I haven't been following this closely, but have seen it rising... are we hoping for a PR soon? Maybe today?
TIA
Charlie
B4, got it.
it's the 1.1 billion that doesn't compute that way.....
OK sagan, you've got my attention. I usually DON'T agree with you, and I'm not sure WHAT to think about this now. I do respect everyones right to their opinion and I feel having those opposing opinions is what makes us rich.
Now.... I re-read the link and found this in the very begining of it under "Summary 1.)"
Since at least August 2009, Defendants have engaged in a scheme to purchase billions of shares of stock from small companies and illegally resell those shares to the investing public, without complying with the registration requirements of the federal securities laws.
******
So it appears that you MAY be correct here. The shares MAY have come from SGCP and not from a MM. I don't understand what the upside would have been for Doug or John to have done this, unless the discount to Bronson was less than the discount given to the MM's.
It appears that this would have been legal, and perhaps it happens from time to time, as long as the proper paperwork is filed and the stock is held for a period of time before reselling it.
After re-reading it, I still believe that the fault is with Bronson and NOT with SGCP. And I believe that all of these sales were properly reported from SGCP side with the form d's.
Still... we NNED to hear from Doug what is going on with this.
Charlie
Yes, it IS all good news for us! Without these slugs crashing us, we can at least start building up from here.
The 'slugs' bought at a HUGE dicount, then sold at the BID to dump and dump driving us down and down. Without them... we will eventually climb out of these trip zip do da's soon!
Come on Doug, we could use a little help. Keep the interest up with a PR and... (no, I'm not gonna say it!)
Charlie
uksausage I believe the 1.1 billion shares are included in our current share structure. The way I read the report, these guys got the shares from the MM's at a huge discount AFTER SGCP diluted. SEC is upset that they didn't report it properly AND didn't hold onto the shares for the required lenght of time, but sold them within days of getting them.
We've got the shares, they have the money from profits from selling the shares. We don't know yet how the SEC lawsuit will correct this, but it looks like they will try.
Does someone else see this differently?
Charlie
B4 Are you serious? how can they retire the shares if they resold them all within days of getting them? I'm sure that all of us have bought some of these shares.
I can see how they would be fined and forced to pay the management of SGCP $$$, but how would that get to us?
Ha! I saw those 3's just sittin' there and the last time today 3's were gone in seconds... so I padded with a small buy of 225k shares... like throwing chum in the water... BAM! The rest of the 3's disappeared! Chomp Chomp.
Lot's of eyes are staring at their putters trying to figure out when to jump in. NOW! do it NOW!
Just imagine how quick those 4's are going to go once NEWS comes out about almost anything... maybe a new JV?
Charlie
Our neighbors on the river just posted a PR this morning announcing their assay report results. They are ALSO finding a high concentration of GOLD in their black sands.
Good confirmaiton FOR US that the black sands hold a lot of value!
the Goodie Store is OPEN and it's a great day to make some money!
GO SGCP!
Charlie
Doug, Thank You for the update and giving us something to chew on!
Keep up the good work!
Charlie
has anyone run the numbers yet?
how many MORE oz of gold could we get this year from our black sands?
I'm not sure if I am reading this correctly, but it looks like we are getting over 2 oz of gold per ton of black sands....
again my question about "how many tons of black sands do we have?"
I'll guess at 50 tons x 2 oz = 100 additional oz of gold that we MAY report this year!!!
A NEW source of revenue for SGCP!!!!
F'ing fantastic news!!
about 90 seconds before I posted it!
Quick I am!
INTERIM UPDATE ON BLACK SANDS TESTING
Based on various comments and questions received from shareholders since the last Field Report, we at Sierra Gold Corporation felt it germane to clarify and comment on some activities related to percentages of minerals in both free gold and black sand samples.
Typically, the company will have a small quantity of free gold analyzed periodically as to purity and mix of minerals in the sample. On average the gold will show a concentration of 94-96% with the remaining 4-6% ranging among various other elements. A current sample of an assay of 31.8 grams of free gold is attached below which details the various elements and percentages.
At present, two eight kilogram samples of black sands are in the process of being tested in facilities at Nevada and Vancouver, B.C.
The Nevada facility plans to begin testing sample material in late August using its new patented separation technology. This technology has the ability to separate and collect each element by its atomic weight. The company will report results as it is permitted by non-disclosure restrictions as they become available.
The Vancouver facility has begun sample testing . Initial fire assay tests indicated similar results to SGS Labs previous test results of in excess of one ounce per ton. Following the fire assay testing, a portion of the material was crushed to a -200 mesh and retested by metallic separation. The retesting resulted in similar results on the gold grades, however, PGM elements also indicated similar grades to that of the gold. As well, a number of the strategic minerals showed promising results. In the photo gallery 4 photos have been posted showing:
1.the black sands being dried,
2.crushed black sand,
3.the black sands magnified, and:
4.the black sands extremely magnified with gold particulate evident on the individual sample.
The next phase of testing will include further material crushing and the use of the environmentally friendly super acid for grading and potential recovery.
The company hopes that this update clarifies shareholders understanding of ongoing activities regarding black sand collection and testing for future processing and enhanced gold and other element recoveries.
The company will continue to strive to use advanced technology to maximize productivity in order to increase shareholder value.
NEW FIELD REPORT OUT!!!!
Doug talks about Black Sands AND published the report!
Gem "SGCP Investor confidence restoring....bring it home Doug time to fight back !!!" AMEN Bro!!
We are DUE for a FR, AND a PR. What Great timing Doug would have if he did either one, or BOTH of these!! We'd FLY!
"I want to fly like an eagle
to the sea
Fly like an eagle let my profits carry me
do da do
dut dut dudo"
Charlie
Without Joe and SL, all Eric has is a worthless shell. My opinion is that Eric will strike some kind of deal with Joe to stick it out and continue on. Even if eric only gets $5,000 for the shell, it's 5 grand more than he had yesterday so he should negociate a deal and keep everyone happy.
Charlie
According to OTCMarkets...
http://www.otcmarkets.com/stock/SGCP/company-info
our float is:
2,235,365,285 a/o Sep 30, 2011
So that's why I'm asking... Half our float??
I agree, this is serious stuff, but this bothers me.
have you guys (and gals) seen this? SEC lawsuit.
SNEY isn't mmentioned, but our neighbor SGCP is, and it says that hundreds of penny stock companies were affected by this.
http://www.sec.gov/litigation/complaints/2012/comp-pr2012-165.pdf
SUMMARY
1. Since at least August 2009, Defendants have engaged in a scheme to purchase billions of shares of stock from small companies and illegally resell those shares to the investing public, without complying with the registration requirements of the federal securities laws. The federal registration requirements protect investors by promoting full disclosure ofinformation deemed necessary for informed investment decisions. Investors were deprived of such protections by Defendants' misconduct. Bronson and E-Lionheart have reaped more than $10 million in profits from these illegal sales.
***********
15.Defendants' illegal operation typically followed the same pattern. Operating from E-Lionheart's office in White Plains, New York, Bronson, or E-Lionheart personnel acting at Bronson's direction, "cold called" OTC Link quoted companies to ask ifthey were interested in obtaining capital. Ifthe company was interested, Bronson, or E-Lionheart personnel acting at his direction, would offer to buy stock in the company at a rate that was deeply discounted from the price the company's stock was then trading at.
16. If a company expressed interest, Bronson (or E-Lionheart personnel acting at his direction) prepared a subscription agreement and other documents to effect the transaction. In certain instances, Defendants prearranged with the company to purchase multiple "tranches" of the company's securities in the future once Defendants were able to sell earlier tranches into the public market.
Renee, EXCELENT DD and thanks for sharing it!
I have a nagging question though....
This SEC document says:
Sierra Gold Corp. SGCP
Acquisition period: 8/09-4/11
Resale period 9/09-5/11
Number of transactions: 30
Number of shares defendants illegally sold: 1.1 billion
Gross proceeds from resales: $1,713,000
Net Profits: $836,000
************
1.1 BILLION?? isn't that half our float? Doesn't that sound almost impossible? How could these guys get their hands on THAT MANY shares?
it just sounds odd to me and thought I'd ask for opinions...
Charlie
WOW! Almost 18 million shares bought all in one trade!!!
We haven't heard ANYTHING offical yet that Joe is out yet, have we? I mean, this whole thing is just rumor at this point, isn't it?
Who's buyin'??
Better quesiton... why??
uksausage, you and I are in total agreement.....
quote:
I don't like the stock movement either but do feel it could be the bargain of the year if Doug can get some good news (any news) flowing.
************
We can all just imagine all the profits SOME of us are about to make if Doug were to do that.... it could be Huge!
Charlie
I'm postive I'd like to see some good news this week! How about an announcement about a JV in a nice juicey PR??
let's get up a few points!!
GO SGCP!
Charlie
My guess is the big sell-off was all of last weeks hot air leaving the room.
B4, I don't have PM so I can't respond privately, but we are in total agreement.
Tell me, my good friend, what do you think of the Rivers rising and falling and rising again and how that could possibly matter concerning Black Sands tonnage? I would hope that Doug has found storage for them ABOVE high river level so that they won't be easily washed away. Those sands are most likely MORE valuable than the gold from dredging.
Charlie