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"The silent period is a Nasdaq rule and not an SEC rule"
Are you sure? Lou Porter has consistently claimed in emails there would be a 10 day quiet period.
Another stock promotion company owned by gvi limited.
I hear you. I just received this email from
Penny stock ace
"Today we also experienced an unexpected decline in AVVC. Although you never want to see a down day we're not yet alarmed here. Stocks just don't go straight up & support has remained strong. The trend on AVVC is still positive so continue watching it closely. If you jumped in on our alert at $1.05 & you're still in then you have a lot of breathing room left. This is why it is very important to always get in early so when we have bumps in the road like today you are fairly comfortable with a low entry price"
True statement. Curious to see what happens tomorrow!
That is a nice take on the whole situation. Here is my take. They have a million dollar budget for this advertising campaign. ONE MILLION DOLLARS. This whole thing has just started. Do you believe that they do not have a whole arsenal of news releases and other techniques at their disposal? If ALZM had a budget of 2 million and LEXG had a budget of 3 million, you would have to believe that this is just the start of this campaign. They are not going to release news everyday, nor or they going to dump all their budget into buying the stock. The whole purpose is to build momentum so the stock moves at its own pace without the help of the promoters. Yes, there was a pullback, but it is still up almost 20% since the real promotion started. I have no worries. It is a game and these people are pros. They know when to release the PR's and when to help the stock along. They are not going to blow the whole budget in the first few days. Slow and steady. By the end of the week we should be back above 1.40. If it drops tomorrow, I see it as an opportunity. Just remember, 1 million dollars goes a long way.
The 10 day quiet period happens after the reverse merger is announced. We would have to see the 10k filing and an official announcement of the R/M before the 10 day quiet period commences. A question you should ask is why is DZ Energy, a company run by Gordon Johnson, trying to dump their shares before the merger is announced. The people here who are claiming this stock is going to .80 or $4.00 need to be careful. If this company is legit, it very well may go to that price, however after a reverse merger is complete, the existing shareholders do not get 100% of the company. Ideally, 70% of the existing shareholders of the original company stay intact, with 30% going to the new owners. The thing that is bothersome is that there seems to be a lot of companies and a lot of different people that all want a piece of the pie. This could mean a R/S and the existing shareholders only receiving a small piece, maybe 30% of the new company. New shares have to be issued and if they are looking for 50 million in private financing the shares issued to those giving the 50 million will be post R/S. If the merger happens, I would advise selling after the initial pop and before the news of the R/S is announced. We all saw what happens when 1 million shares gets dumped in a few minutes yesterday, I am wondering if that was DZ Energy. Be curious to see what the volume is today.
The Alabama case and Bayport Corp....
I have do extensive research on this. I actually have ordered the documents from Pacer and have gone over 100 pages of them. I originally thought that these companies were connected and this was one of the reasons for the hold up. The case was dismissed due to the fact that the Plaintiff Caregivers of Pensacola and Consult America filed the case after the statue of limitations were up. It was an insurance fraud case. Apparently, Bayport Limited, AKA. Bayport Indemity, was charging the plaintiff insurance premiums and keeping the money for themselves. Anyway to make a long story short, this bayport company is incorporated under the laws of Turks and Caicos Islands, not Nevada. This Bayport is owned by a man name Rex Rankin who resides in Decatur Alabama. This Bayport and Bayport of Tulsa are two completely different companies and this case has nothing to do with this merger. The case where Lou Porter was involved happened in Texas over 30 years ago and has no bearing on this merger either. So for those who say there is a case in 2010 against this company, that is completely false. There may be some iffy stuff going on here, there may not be, but there are no legal cases against any of the companies included as of now. Good Luck people. Hopefully it is legit. Would be the first R/M ever to be so publicly announced before the actual merger, but one can never know.
That Bayport case has nothing to do with this merger. That is Bayport Corp. Ltd. not bayport corp of tulsa. Gordon Johnson isnt named in the alabama case. I already looked at all the documents.
By the way GOFORIT, I am not trying to drive the price of this stock down. Good Luck to you. I just doubt it will be able to go up much if someone is dumping 22 million shares, however I don't know what will happen.
Nice website. LOL. They should sell a ounce of that gold and pay someone to design a website that actually looks legit. That being said, the site was registered to BOB STEPHENS on March 15th. I guess we will know one way or the other by the end of next week. If it doesn't get done by the end of the month, nobody will have faith anymore. The one thing I would be concerned with is the planned sale of 22 million shares by Gordon Johnsons company. If they sell that many shares this stock will not move. Other reverse mergers do move 1000%+ but look at the volume. They all moved on volume of around a few hundred thousand to a few million. 22 million? That would worry me. Now I have to decide if it is smart to reenter monday at a much smaller position.
I think the fact that they still have any acreage and the recent filings indicate something. I just don't know what that something is. Curious to see what today brings.
Yeah, the drop was caused by one 63000 share sell. Then there was a 30000 buy at .16. I think there is something in the works, with all the info that has come out, but who knows. The stock can't go up every day, at some point there has to be a pullback. Should be back to .20 tomorrow
WOW!! Look what I have found. True North Energy still holds those leases in the Cook Inlet area. The acreage they own is actually quite substantial compared to other segmented leases. This list was updated April 11, 2011 so True North still owns these areas listed. April 11 is also the day that the stock started to shoot up. This could be huge. Not only do they still own these leases, as of April 11, they have 100% working interest in those acres. If you look at the other leases almost all have partnerships with Conoco, exxon, marathon, union, or BP. Seems like the rumors are true. I bet they are about partner with Conoco or BP. This could be the reason for the updated annual list on April 5 and the amended list on the same day. Here is the link for lease activity in Alaska.
http://www.dog.dnr.alaska.gov/oil/products/publications/leaseactivity/pdf/lease_ownership.pdf
Scroll down just the half way mark. True Norths ADL numbers are 390722 and 390723. Guess this isn't a scam after all.
So, I emailed Lou Porter and this was what I received.
"Please add yourself to my Guest List so your messages will be delivered to my Inbox. Use the link below.
Click here to deliver your message"
I know some others have also received this response and it is nothing new. However, when I clicked the link you have to type the words that are in the box to have your mail delivered. Guess what the message was. This is no joke either...
"CUT AND RUN"
I was like, you have to be kidding. I know it is just randomly generated, but if someone from above isn't trying to tell me something.....
Anyway thought it was quite funny and wanted to pass it on.
Yeah, it's strange. The board being dead makes me think R/M. How many people really get in before the merger. Most of these predictions when the board is busy with posts are wrong. Could very well be a buyout or something else. Either way, things are looking good. Something big is happening.
Has to be a reverse merger. Look at the recent filings.
A couple of concerns I have that I hope will be answered at the webinar or by any of the posters here.
1. The most concern I have is that he has formed a strategic partnership with a company where his address is listed as the companies address. Now, I guess that could mean these companies might be merging or they might be buying this company, but the filings and claims that this is a business that distributes over 2500 products makes me a bit nervous.
2. The press release about Jim Farooquee. In the release it talks about how Jim took this CRS from a $12,000 investment to a 400 million dollar company. In the height of CRS, it was a great company, I agree, but at the end it was a failure. In this article it goes into what happened to CRS http://articles.latimes.com/1992-10-04/business/fi-997_1_farooquee-cms-enhancements-singapore-and-pakistan/3
Now the fact that he made this a multi million dollar company is very impressive, I just hope he learned his lesson from his past management style mistakes.
3. The last thing and maybe the most worrisome is the US GREEN ENERGY connection. It is obvious that this was never going to be part any merger with US FARMS seeing it was already acquired by Monogram Energy. MGRN is pretty much a scam so any company doing business with them raises a red flag.
Hopefully I am wrong about all of this. Guess we will find out monday.
TNEN Reverse merger possibility.....
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=O5g6ZOBsfE7EaMynH5uNmw%253d%253d&CorpName=TRUE+NORTH+ENERGY+CORPORATION
Im in at .15...
REVERSE MERGER.............
I believe the reason this stock shot up is because their is a reverse merger in the works. Happens all the time with these dormant shell companies. Look at the chart. TNEN started to rise shortly after the 5th of April. What happened on the 5th.
This http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=O5g6ZOBsfE7EaMynH5uNmw%253d%253d&CorpName=TRUE+NORTH+ENERGY+CORPORATION
They submitted their annual list and then submitted their amended list. Why is an amended list submitted? An amended list is submitted when you have a change of directors or officers in the company. This is one of the first steps that happens during a reverse merger. We probably will see some updated filings or announcement of a reverse merger next week. This stock could go well over $1. Monday should be very interesting. If their is an update on pinksheets, this will fly.
"Don't look to much into that, it just means the bank is holding the funds for review probably reviewing the merger imo
You can't be serious. The bank has nothing to do with the merger or setting up a corporation. I can set up a corporation today, Name it Cosmic BS REE Corp, and write a check from my bank and send it into NVSOS. It would not be put on administrative hold because my bank actually has money in it to cover the funds. Why would the bank be reviewing the merger. This thing just keeps getting more and more fishy.
If you are pinksheets you are not required to submit anything to the SEC. It is optional. Of course companies that submit papers to the SEC are seen in a bit of a higher light from investors. The SEC reporting is completely optional. That being said, it seems that either lou porter is lying or the person who posted that lou said that is.
It took Molycorp 500 million in financing to reopen that Nevada mine. Cosmic is looking for 20-30 million in financing. It maybe Moly in 4 years, but not in the short term. As of Jan 2010, MolyCorps California/Nevada mine is the only REE mine in the USA.
"The 2,200-acre Molycorp mine would be the only rare earth mine in the country and could make the United States a global leader in production, Noll said."
Molycorp owns the only REE mine in the USA. That being said, Moly did start off just mining REE from previous mining operation and this was 2009, so who knows what will happen with this company.
REE's are big now. If this is legit, it should have no problem getting financing.
Haha. That is funny. I went to college at The University of Alabama, which is in Tuscaloosa, AL. I don't remeber any oil fields around that area. Yes, this is old news, but one has to wonder how a company with so many wells that are supposed to produce oil make no money. Of course this has nothing to do with Cosmic and Bayside Corp. I just wish Petro and the other mods would post the verification they say they have. I really don't seem the harm in posting links that Cosmic do indeed own the property they claim to own. On the positive side, I just don't see what the reason for a scam here would be. It isn't like Bob or Lou are making a boat load of money flipping shares of BYSD. If Lou said he is waiting to hear back from the SEC, that might indeed be true. As I posted before, the SEC in now looking into future and past reverse mergers, due to the fact that so many are scams. Hopefully, this one isn't. If the company is legit, I am sure something will be heard soon.
AMNG up 28%. ".027. Heading to .04 eod
So, has anyone found any verifiable assets that this company has? There is nothing more I would want to do then to jump back in, but I can't seem to locate one actual verifiable asset. All I can find is forward looking statements, claims of oil wells they have dug(that are not listed with BLM), and articles about REE. NODOPE, did they ever respond to your email asking these questions?
The thing is, if you go by other reverse mergers, the ones that have gains of 1000%-45,000% there is some other catalyst that drives them beside the completion of the reverse merger. Do they have some kind of revenue stream coming in? What is the history of the People taking over.
It isn't just Bayside Petroleum that needs to submit their financials, Bayport Corp does too. Can anyone link any filings by Bayside Petroleum to the SEC, ever. I can't seem to find any. All other reverse mergers that I am looking at on the SEC search page have at least filed with the SEC previously. How else would a company looking to merge know what kind of financials they would be taking over.
One more note, previous reverse mergers usually announce the intent to merge and the next day something is filed with the SEC. This company announce the intent to Merge months ago, and still there is nothing.
I use to think that regardless of whether or not the company was legit or not, just the mention or actual completion of a reverse merger would send the stock shooting up, it has happened so many times before. It is penny land, so many of these companies are bogus anyway. However, this seems to be a thing of the past and this article may very well be why this merger has not gone through and may never.
Commissioner Says SEC Investigating Reverse Mergers and Service Providers
http://reversemerger.dealflow.com/wires/article.cfm?title=Commissioner-SEC-Investigating-Reverse-Mergers-Service-Providers&id=ukqoorgjgdsmdjv
BTW, gold and oil are the #1 rated penny stock scams.
Please ask yourself these follow questions:
Also I would appreciate if anyone can answer them for me. I would love nothing more than to buy back in and for this company to be legit, I just have some serious concerns.
1. CARE. This seems to be a new company. It previously was Cosmic Energy and before that was Cosmic Entertainment. Of course, these all could be separate affiliates, but I find it difficult to believe this company even exists, seeing I cannot find it registered with Nevada or any other state. The only filing I can find is the Nevada one that was set up 2/10/11. Yet their website claims starts posting as they are a fully running business in Sept, 2010.
http://cemg.co/2010/09/26/discover-precious-minerals-in-inter-mountain-western-us/
"Bayport Corporation is currently mining Gold in the mountains of Nevada and is developing additional mine-able mineral projects including a series of (SWD) Saltwater disposal well projects in West Texas."
So they are currently mining gold, yet according to Bureau of Land Management, I cannot find any company, whether it be bayside, baycorp, or cosmic, that has mines, claims, options, etc....
http://blm.gov
Also according to Oklahoma Corp records, Bayport was set up in 2004 and Lou Porter was indeed involved. This means he was with the company during North American Energy Scam
http://www.globenewswire.com/newsroom/news.html?d=103968
Those options sure didn't turn out too well.
Also according to their website, they were meeting with investors back in Sept. for an initial tranche of 12 million to get operations running. That was the last we heard of that. Who are these geologists and engineers they talk about that supposedly work for them. I emailed them a month ago asking who their geologists were and still have yet to receive a response. Merrill Reynolds?? http://cosmicgroup.wordpress.com/projects/ Well I did a search on this man and found out he died in Dec. 28th.
http://www.tulsaworld.com/ourlives/article.aspx?subjectid=426&articleid=20110102_Ob_obsl_7741484
i find this interesting
"CEG’s Geologist is a true pioneer in the oil and gas industry. Merrill Reynolds brings a half century of experience in oil and gas to the project. He and our Board Chairman, Louis Porter ( a Texas A & M Petroleum Engineer with forty five years experience) will supervise the day to day to day operations of the project. They have researched and generated this project from day one; having studied every well surrounding this selected well site.
Mr. James Porter has handled field operations for the company for over 20 years and Mr. Reynolds has worked with and for Mr. Porter for roughly 20 years. Together they have yet to drill a single dry hole."
So an 86 year old retired geologist is going to supervise day to day operations. I also cannot find any connection between these two men. Def. not a connection of Merrill working for 20 years. This site also claims bayport corp has drilled over 1500 wells without any drilling any dry wells. Yet their homes are dumps and their offices are UPS post office boxes. With that kind of production they should own a whole office building.
This is just a sampling of info I have found. Please people, do your own DD. Look as deep as you can. Use google earth and google the office addresses, their home offices. Look at these people on Facebook. Does Bob look like he is a CEO of a company of this magnitude. I know looks are not something to go on, but seriously, check out this guys posts if you have a FB account. He spends his time posting on celebrities FB pages. BTW, they don't reply back.
This whole company smells funny to me. I cannot even find a business address, a real one, for bayport corp of tulsa. I have searched all directories and cannot even find a phone number. A company with all these holdings should come up immediately when you do a google search, yet the only info that comes up for them is from cosmics website.
Anyway good luck. This is my last post. All other DD you will need to find yourself. Just one last piece of advice. Lou claims to be waiting to hear back from the SEC, yet they have yet to file anything with them. What is he waiting to hear. I pretty sure you need to submit papers to get a response.
Whats up with the website. Schedule maintenance the same day they release 10k. Hmmmm.
By the end of this week or next, that price will double. PLPE should be trading @$2.
I agree about the losing of interest. I am unloading
My last 500,000. Sold 250000 this morning and 250000 a minute ago. I am so disappointed in this and the more DD I do, the more doubts I have. Every time I dig deeper, the more concerns I have. This does not mean their will not be a reverse merger, but it's my opinion this whole thing is a sham. Here is some
things I found during my DD:
Bayport Corp of Tulsa. This is the Porters company. They did business back in 1996 with north american energy group Corp.
"As part of this agreement Bayport has also identified, and has options on, two potential sites for constructing new Thorium generating plants in Idaho, and Utah, and according to Bayport has received favorable Senatorial support in those efforts."
http://www.globenewswire.com/newsroom/news.html?d=103968
So they had OPTIONS to build these plants but 5 years later... Nothing. Actually try to find 1 thing that bayport of Tulsa has actually done. Please someone post one verifiable project they made money on. John grinder is also under investigation by the SEC for fraud. Just google his name
And SEC.
The next thing is that I cannot find a business address or phone number for bayport Corp of Tulsa. The only address I could find
Was from the Nevada state Corp search. So I google mapped their home addresses. Look at their houses? With all this talk about how much this company is possibly making you would think they would live in a little bit of a nicer house. These places are pretty crappy. Their business addresses are also BS. They are ups mailboxes. The Texas address is also bs. I would look into what options to mine actually mean. I think you would be surprised by what you find.
Lastly, I researched REE (rare earth elements). There is only one company that mines these elements in the USA. It is called molycorp. Also upon researching I found GE and DuPont are currently
Buying up properties that are possible mining candidates for REEs. These aren't option these companies have, they are actually purchasing these properties. The other thing I found out was there will not be any new mining for these metals until 2014. Molycorp will be the only company with mining operations till them.
Last point. Look at this bob Stephens guy and james porter. You can find
Both of them of Facebook. Not really the type of person investment banks will risk 20-30 million on.
I am done for now. So angry I sat on this for so long. Not one filing yet with the sec. Research other reverse mergers and do a search on the shell companies filings. There are multiple filings before am announcement even happens.
Good luck people. I may be back in when
I am more confident, but for now I am going
To put my money elsewhere. Don't dump your shares either. Just because it seems
Like or is a scam doesn't mean they will not announce a merger and the stock will shoot
Up.
Wtf happened. Why the sell off?
Could the reason for delay be....
I find it interesting that the people involved in this reverse merger have basically done silent. One probably ask themselves, why have they done this? Is the merger still on? Has it been cancelled? Here are my thoughts on the situation:
I think Bob may have been sharing a little too much information. I am pretty sure it is a major no no to announce detailed plans of a reverse merger, including dated on when this merger is going to happen. I think he was either warned by others involved or the SEC. Could have been cjstocksup reporting or threat of reporting that changed his tune. Now you get a very standard response when emailing them, when before you would receive a more personal response. They have definitely toned things down a bit. It could also be another certain reverse merger that recently has been delayed due to the fact the CEO was posting about it on a social network site before the merger was officially announced. This particular CEO is now in trouble with the SEC. This also could have put a bit of a scare in Bob. After all, isnt it considered a
form of insider trading if a person in the company released this kind of info before an official announcement. This is just my theory. Sorry for the vagueness. Can't mention the company because of TOS. Feel free to PM me and I will direct you to the r/m I am talking about here.
Sure does. Even Timothy Sykes bought 30000 shares yesterday.
The only reason this stock is moving is due to promotion. We all know it. Same thing with ALZM. Most people got in because of promotion, not because of the company.
People here are just a bit impatient. I would think we should hear some news soon, maybe today, more likely tomorrow or Monday. I think there are very few shares out here to be traded. The 30 million that DZ Energy has filed to sell should be some liquidity to this stock. They are just probably waiting for news to hit before they hit the market with their shares. I also believe this float is extremely low. The good news is that baysidecorp.com is now listed when you do a google search, and it is also has a first page listing. This wasnt the case two days ago. Also today when you google the bayside corp the website is listed as baysidecorp.com/?p=11 This is new today. Should mean a update to the website is coming, 10 pages of it. Anyway, I am thinking we hear something soon. I would personally release everything over the weekend or monday. That way the stock has a full weeks trading to gain momo. Or release it friday which would again would give it a weekend to spread the news. GLTA
One more thing. Bysd is now trading at .004. It only took $1000 to
Move it that much. When news hits this will likely be huge. Can't wait
I dont think it has anything to do with the trials. It has to do with them announcing they would be looking for partnerships to share this testing method with. Actually, this seems like it is good news. Yes, they would have to share the revenue they make of it, but it also means they probably won't be any dilution to shareholders. May be a nice candidate for a buyout. This testing method looks like it's going to be a winner. Probably will see a spike up tomorrow. Im going to try to grab some shares cheap in
The am.
I hate to tell you I told you so, but I told you so. Short buying of 57% of 1.8 million shares traded usually means someone knows something. Of course everyone here just thought I was trying to bash this stock. I wasn't. The reason the stock tanked, was Biomoda is looking for partnerships to develop its cancer detecting test. Looks like some people knew they were going to do this. There is some sketchy inside information going on here. Still, good buying opportunity here. GL people.
CLGL moving
Absolutely. 100,000 shares would probably bring it back to .0045. No worries.Still more buys than sells
Where do you think he got the information. You think he is just making it up. you asked me to provide a link and I did. What, only positive need is acceptable. Most of the news links on this board are through business which is a service companies use, (or pay) to release news (Aka PR) I don't see anyone having a problem with that. At least this is an independent article through a third party.
56% of yesterday's sales were short sales. This is how I know
http://www.hotstocked.com/article/4340/biomoda-inc-otc-bmod-surges-280-within-a.html
They raised their authorized shares to 150 million and said they would have to sell more shares for continued operations. Still not too much dilution at these prices for a product like this.
I would just be concerned that 56% of buys yesterday were shorts. Does anyone have data for % of shares shorted?