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I never said any negotiations were taking place merely your speculative buyout price doesn't hold water. The CEO would be hung by his underwear and used as piñata before a transaction at that price occurs
http://hiddensecretsofmoney.com/blog/stock-super-bubble-sets-up-for-crash-mike-maloney
Lengthy but the analysis is excellent
That must be it and what were shareholders thinking depending on their Flagship product to pull their positions out of the toilet. Once again the goal post has been moved by someone other than management.
Seems to be a weekly occurrence around these parts. Go ERBB ;)
http://charleshughsmith.blogspot.com/2015/03/what-happens-to-stock-market-if-us.html
History is rather unkind to blind faith in central banks, just as the rising U.S. dollar and stagnant sales are being very unkind to corporate profits.
Wow I can't even watch it based on what you wrote but I do appreciate you posting it. Maybe I will drink a little and come back
How is not important you just need to believe and slap the ask.
Book Value alone brings strength to any Banro negotiations. Fundamentals tell the story not the current market price
Its a good thing BAA doesn't use your auditing company to maintain their listing and eligibility.
No but those are reporting companies with financial ratios supported by the internet/technology sectors. These days information carries an absurd market multiple but that's what the market currently warrants and what the US markets have to work with.
ERBB does not report and can no way be properly valued based on the unsubstantiated financials and clear lack of transparency and Corporate Governance. Financial ratios do not apply to non reporting pinks
Once again apples and oranges
Nobody is getting rich here as there are too many other pumps to chase that really know how to sell liquidity. I don't know how to explain this one but when a security's market cap is priced at just over a half a million dollars i'd say its priced about right.
Price vs Pump
Rand Paul was one of the authors of the bill. Marijuana supporters need to unite and back him for 2016. He's a good egg one of the few and he would blow this market wide open so entrepreneurs can legally transact and do business.
There too much crony bait and switch between the Feds and the states. Local markets assume too much un-necessary risk that's preventing the creation of jobs and additional state revenue to the states muni bond markets etc.
Rand Paul would keep the greedy fed machine at bay and let the profits stay with the people.
"We don't need no stinking studies"
As the US continues to import their scientists and engineers from the rest of the world. Meanwhile US children don't know a damn thing about anything except:
"excuse me sir would you happen to have some free Wi-FI I can mooch?"
http://news.goldseek.com/GoldSeek/1425651600.php
The new London gold fix and China
By Alasdair Macleod
This month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange's trading platform on 20th March.
From 1st April the Financial Conduct Authority will extend its powers from regulating the participants to regulating the fix as well. This will transfer price control away from the bullion banks allowing direct access to the fixing process for all direct participants and sponsored clients.
From this flow two important consequences. Firstly, the London market is changing from an unregulated to a partially regulated market, reducing room for price manipulation. And secondly, the major Chinese state-owned banks, assuming they register as direct participants, have the opportunity to dominate the London physical market without having to deal through one of the current fixing banks. No announcement has been made yet as to who the direct participants will be, but it is a racing certainty China will be represented.
Implications of becoming a regulated market
Under the current regime a buyer or seller on the fix has to deal through one of the four fixing bullion banks. The information gained by them from seeing this business is crucial, giving them a quasi-monopolistic trading advantage over all the other dealers. Instead, buyers and sellers will be anonymous during the auction process.
The new platform should, therefore, ensure equal opportunity, eliminating the advantage enjoyed by the fixing banks. Crucially, it will change market domination from the privileged fixing members in favour of the deepest pockets. These are almost certain to be China's through the state-owned banks which already control the largest physical market in Asia, the Shanghai Gold Exchange (SGE).
China's gold strategy
China actually took its first deliberate step towards eventual domination of the gold market as long ago as June 1983, when regulations on the control of gold and silver were passed by the State Council. The following Articles extracted from the English translation set out the objectives very clearly:
Article 1. These Regulations are formulated to strengthen control over gold and silver, to guarantee the State's gold and silver requirements for its economic development and to outlaw gold and silver smuggling and speculation and profiteering activities.
Article 3. The State shall pursue a policy of unified control, monopoly purchase and distribution of gold and silver. The total income and expenditure of gold and silver of State organs, the armed forces, organizations, schools, State enterprises, institutions and collective urban and rural economic organizations (hereinafter referred to as domestic units) shall be incorporated into the State plan for the receipt and expenditure of gold and silver.
Article 4. The People's Bank of China shall be the State organ responsible for the control of gold and silver in the People's Republic of China.
Article 5. All gold and silver held by domestic units, with the exception of raw materials, equipment, household utensils and mementos which the People's Bank of China has permitted to be kept, must be sold to the People's Bank of China. No gold and silver may be personally disposed of or kept without authorisation.
Article 6. All gold and silver legally gained by individuals shall come under the protection of the State.
Article 8. All gold and silver purchases shall be transacted through the People's Bank of China. No unit or individual shall purchase gold and silver unless authorised or entrusted to do so by the People's Bank of China.
Article 12. All gold and silver sold by individuals must be sold to the People's Bank of China.
Article 25. No restriction shall be imposed on the amount of gold and silver brought into the People's Republic of China, but declaration and registration must be made to the Customs authorities of the People's Republic of China upon entry.
Article 26. Inspection and clearance by the People's Republic of China Customs of gold and silver taken or retaken abroad shall be made in accordance with the amount shown on the certificate issued by the People's Bank of China or the original declaration and registration form made on entry. All gold and silver without a covering certificate or in excess of the amount declared and registered upon entry shall not be allowed to be taken out of the country.
Additionally, China has deliberately developed her gold production regardless of cost so that she is now the largest producer by far in the world today. State-owned refineries process this gold along with doré imported from elsewhere. None of this gold leaves China.
The regulations quoted above formalise the State's monopoly over all gold and silver which is exercised through the People's Bank, and they allow the free importation of gold and silver but keep exports under very tight control. On the basis of these regulations and as subsequently amended the People's Bank established the SGE, which remains under its total control. The intent behind the regulations is not to establish or permit the free trade of gold and silver, but to control these commodities in the interest of the state.
This being the case, the growth of Chinese gold imports recorded as deliveries to the public since 2002 is only the most recent evidence of a deliberate act of policy embarked upon thirty-two years ago. China had been accumulating gold for nineteen years before she allowed her own nationals to buy any when private ownership was finally permitted. Furthermore, the bullion was freely available, because in seventeen of those years gold was in a severe bear market fuelled by a combination of supply from central bank disposals, leasing, scrap, rapidly-increasing mine production and investor selling, all of which I estimate totalled about 76,000 tonnes in all. The two largest buyers for all this gold for much of the time were the Middle East and China. The breakdown from these sources and the likely demand are identified in the table below taken from my article for GoldMoney on the subject published last October, where a more detailed discussion of global bullion distribution during those years can be found.
Put in another context the cost of China's 25,000 tonnes of gold equates to roughly 10% of her exports over the period, and the eighties and early nineties in particular, also saw huge capital inflows when multinational corporations were building factories in China. However, the figure for China's gold accumulation is at best informed speculation, but given the determination expressed in the 1983 regulations and subsequent events it is clear she had deliberately accumulated a significant undeclared stockpile by 2002.
So far China's long-term plans for the acquisition of gold appear to have achieved some important objectives. Deliveries to the public through the SGE since only 2008 totalled 8,459 tonnes, gross of returned scrap, probably more than 9,500 tonnes since 2002 given estimated domestic mine production of 1,352 tonnes between2002-2007.
With such a large commitment to this market, we must now anticipate the next stage for China's gold policy, which is why the changes in London may be important.
China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.
China's motives
China's motives for taking control of the gold bullion market have almost certainly evolved. The regulations of 1983 make sense as part of a forward-looking plan to ensure that some of the benefits of industrialisation would be accumulated as a counterparty risk free national asset. This reasoning is similar to that of the Arab nations capitalising on the oil-price bonanza only ten years earlier, which led them to accumulate their hoard for the benefit of future generations. However, as time passed the world has changed both economically and politically.
2002 was a significant year for China, when geopolitical considerations entered the picture. Not only did the People's Bank establish the SGE to facilitate deliveries to private investors, but this was the year the Shanghai Cooperation Organisation (SCO) formally adopted its charter. This merger of security and economic interests with Russia has bound Russia and China together with a number of resource-rich Asian states into an economic bloc. When India, Iran, Mongolia, Afghanistan and Pakistan join (as they are committed to do), the SCO will cover more than half the world's population. And inevitably the SCO's members are looking for an alternative trade settlement system to using the US dollar.
At some stage China with her SCO partner, Russia, will force the price of gold higher as part of their currency strategy. You can argue this from an economic point of view on the basis that possession of properly priced gold will give her a financial dominance over global trade at a time when we are trashing our fiat currencies, or more simply that there's no point in owning an asset and suppressing its value for ever. From 2002 there evolved a geopolitical argument: both China and Russia having initially wanted to embrace American and Western European capitalism no longer sought to do so, seeing us as soft enemies instead. The Chinese public were then encouraged even by public service advertising to buy gold, helping to denude the west of her remaining bullion stocks and to provide market liquidity in China.
What is truly amazing is the western economic and political establishment have dismissed the importance of gold and ignored all the warning signals. They do not seem to realise the power they have given China and Russia to create financial chaos by simply hiking the gold price. If they do, which seems to be only a matter of time, then London's fractional reserve system of unallocated gold accounts would simply collapse, leaving Shanghai as the only major physical market.
Therefore the failure of the London bullion market to see strategically beyond its short-term interests has opened the door to China's powerful state-owned banking monopoly to control the gold bullion market. This is probably the final link in China's long-standing gold strategy, and through it a planned domination of the global economy in partnership with Russia and the other SCO nations.
A reverse split prior to an up list to a reporting exchange tends to be viewed as positive by the market. The problem potentially resides in the history of the shell as each shell tells a unique story.
Abusive or excessive recapitilzation and gaps of non reporting status can impede a bid from a national exchange like the NYSE NASDAQ etc. If an RS is executed then it is imperative that its not so management can just sell more shares. Its a tough situation when the company is dependant on the liquidity to cover the monthly burn rate. Not to mention the company can't uplist until they retain an auditor and bring some much needed transparency to their books.
If I were management I would run the pps to no bid buy back the shares delist and keep the infrastructure/Inventory. The price doesn't support the fundementals (lack of) or market cap anyway. Take the company private and then audit the books and raise the proper capital with equity instead of debt.
Don't know its a "herd" trading model so just don't be the slowest fish in school
It doesn't change the fact that the company has a high monthly run rate and lacks the sustainable revenues to curb management's appetite to sell more toxic debt. This promotion were seeing right now was paid by someone in an order to sell shares.
Which ERBB shareholders will once again take the brunt
I love the second one sometimes I turn it on when I am feeling blue and "PRESTO" I'm laughing so hard I'm afraid I'm gonna pee my pants.
Thats good stuff
2.23 X 5.56
Let's really stick it to Hope and Change
Again that company is a reporting entity with a market multiplier challenged by none. ERBB has competitors that report and can benefit from sector multipliers. ERBB market price CANNOT be justified with the current listing and lack of fundementals.
Drawing that financial comparison is apples to oranges
There's no way to justify a $4+ BILLION valuation at $1.00 pps. Not on the NYSE or the OTCQB and certainly no auditor is going to sign off on such a bloated valuation
Recapitalize the stock
Yea I figured the shakedown was motivated I just hope this one makes the cut. Cautiously optimistic here
Management can take all the time they need. There's no clarification on the WA St MJ law re vending machines and internationals are piling into gold faster than the US can mine and export it to them
From where I am standing both of the sectors are about to be turned on there head. Unfortunately I can't tell who's gonna be right side up once every thing shakes out. Two things going for this company: PMXO didn't get the MJ nasty grams this week; PMXO is still priced accordingly
They have more public presence than most other MJ companies have today. However was it worth the hit to shareholder equity considering they are 10s of millions of dollars in the red to cover the expense? I personally think it ranks up there with the billion dollar ACA website
But each shareholder will have to make that determination for themselves. Bottom line is management carries no debt it's all on shareholders
Because the people are sheep
Shouldn't believe everything you read. Besides "almost" is not the same as actually taking profits. Its a cautionary tale that's told daily in the pinks and is not local to ERBB shareholders. "I was up $2M but then the evil leprechaun stole my shares and used them to short the stock."
Like everything else about this security nothing can be substantiated
That was interesting thanks for sharing eik
The other half of the student body protests tomorrow on the halting of bake sales that finance terrorism. These kids don't know what they are protesting much less their own US History and Civics classes.
Wind em up, watch em protest and maybe they will help pass our agenda
Fair enough. Are you noticing the negative PR campaign being waged against numerous mj plays? Two days in a row eh?
I heard the U.S. govt wants to implement that system so its citizens can't leave the country.
"You can go but you must give all your wealth to the first illegal alien you come across prior to exiting US territory"
(Head spinning)
Ok Entendance I gotta ask are shareholders being Punked with this stock? Does management want to sell shares? I have to be honest I have never seen such an effort to meet the optics of mediocrity with such persistence. What happened to the pomp and circumstance and marketing efforts to drive traffic to the new website.
Who's on the ground opening up the market and selling this service? I'm a sales guy that's what I do and that's what I know. I don't expect you to answer any of this but I do expect management to be able to address these points publicly (generically) with shareholders.
I hope management has a plan to drive the business because great ideas alone usually end up at the glue factory 99 times out of 100.
GLTUA
It will go on until management can finance its own run rate. Because they have front loaded PRETTY MUCH EVERYTHING onto shareholders it is their equity that suffers and not management's pay checks
Debt vs Equity
Reverse Stock Split is usual and customary when recapitalization is warranted due to the inability to raise capital. These shares you mentioned are issued and outstanding and can only be sold into the float/OS once. If they are restricted shares they will count toward the OS but not sold into the float until they are convertible
Management can either buy back the shares and retire them to the treasury or execute a reverse stock split to recapitalize the shares. The Debt to Shareholder Equity DOESNT GO AWAY rather it maintains its tally in the red as a reflection of the performance to date.
"Banro is pleased to report that delivery and installation of the agglomeration drum required for the conversion of the Namoya processing plant to a more traditional fully agglomerated heap leach operation was completed earlier this month. The drum is operating well in its early commissioning mode. It will significantly enhance the quality of the heap leach feed and will improve leach recovery rates. With heap leach operations taking several months of continuous percolation to fully recover the leachable gold, the full benefits of the improvements to the heap leach circuit are expected to build up during the second quarter of 2015. Banro anticipates reaching commercial production levels at Namoya early in the second half of 2015."
lol been loading up with what powder I have left. I was curious when someone was gonna post that.
My apologies if this was already posted:
Banro : IIROC Trade Halt - Banro Corporation
02/27/2015 | 09:22am US/Eastern
Toronto, Ontario--(Newsfile Corp. - February 27, 2015) - The following issues have been halted by IIROC:
Company:
Banro Corporation
TSX Symbol:
BAA (all issues)
Reason:
Pending News
Halt Time (ET)
09:16
http://www.4-traders.com/BANRO-CORPORATION-1409142/news/Banro--IIROC-Trade-Halt-Banro-Corporation-19945761/
REASON: PENDING NEWS
Thanks i thought so too. It took me some time to get my mind wrapped around that concept but fundamentally it checks the box when compared to the bat $hi* crazy monetary policy the world currently employs imo.
ERBB has a license on those patents to sell their products but thanks for the rant it was entertaining
Management can say whatever they want but it doesn't entitle them to ownership of those patents.
Yea we went through this and I pointed out that none of the patent engines reflect a change in ownership per the USPTO. I realize shareholders are becoming desperate but let's stick with the facts.
Start with the financial disclosures and please stop posting that pr it doesn't prove squat. I repeat there is zero record of those patents changing ownership per the USPTO
It's the law