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re threat of cgra RS---nonsense-------re cgra use of bond proceeds for family/gambling---nonsense-----re 2.5 billion DOLLARS---no one touting that.I am the only one presenting issues based on fundamentals that are red flags.
side note----the term is "up-listing" not "up-lifting"
re cgra ----anybody find out the ENTIRE 2015 DOLOMITE PRODUCTION FOR THE US ?
"private bond" is a term that means absolutely nothing.what does is the issuer---a non-regulated foreign entity.
will be interesting to see what "cash" really is on hand----and till I see the insurance rider---means little to me,dude,I mean bud.
"private bond"----what a hoot---why even have subscription docs then ?!----how would you like to be the unlucky schlub who paid cash money for your bond---then found out YOU were the only one paying to fund operations---everyone else used magic beans ?
well,dude,clear why they had to use a non-regulated foreign "entity" to allow these sweetheart deals to "somebody"
how does accepting notes payable and "equity" help generate funds for the growth of a business ?
Nonsense---the stated legal purpose for issuing bonds was to fund operations,not facilitate equity swaps---who permitted the violation of the stated rules of the subscription documents and bigger question---who got these sweetheart deals ?
There are 100s YES 100s of dolomite mining operations in the US---EVERY one of them parked over HUGE piles of dolomite---folks,dolomite just aint worth that much---everyone should feel very comfortable using the words 2.5 billion and tons,metric yards,buckets full----but to throw in the word "DOLLARS" IS NONSENSE.As "DD" rules here,Im surprised that no-one has posted the good news that when cgra hits that 2.5 BILLION DOLLAR mark in DOLOMITE REV---every other mine in the US can shut down---and most every where else as well----as DD rules----anyone know what the ENTIRE US production of dolomite was ?
Contrary to all the nonsense---there are a few REAL concerns.The subscription documents clearly state that the only payment accepted is "currency" yet "payment" of millions was accepted in the form of note payable----how in the world is this accepted payment ?pay for debt with an IOU ?!---MILLIONS MORE IN THE FORM OF "EQUITY"---every --repeat EVERY (100%) of the past i-hub "equity swaps" i have watched here involves a huge pile of someone elses illiquid/worthless equities----so,when a company states they are selling bonds to fund operations----how do IOUs and equity fund operations ?
will agree to the goal of a clean shell--3-4 previous mgmt groups have found the mess not worth it,there are MANY other shells out there for anyone in the mkt.you often post of "torque" shares and list pps---am I correct thinking there are no torque shares that have anything to do with this ? thanks.
I think you are skirting the issue---what possible reason would anyone have to RM with this or to devote the resources to RS ? there is nothing of value here.
enti RS ?----if the cost was nominal and took no time,sure,why not.However there is out of pocket,alot of time and headaches---3-4 groups already gave up.bottom line here is,there is nothing of value here to justify doing one,and a monumental mess to clean up.It would,be,however fun to watch.My guess--if you got one done and pps to .01/.10/whatever---the first seller would be able to sell 3 dollars worth before the pps fell 99% and this could set an all time record for a RS to fall back to no/bid (hours ?).as far as 50 "candidates"--kind of like saying a drive past the marina equates to a "consideration of buying 50 yachts"----there is ZERO reason for anyone (of merit) to partner with this mess.
Im hoping for an up-date on PERUVIAN SILVER EXPLORATION----THATS what I like !! peruvian silver.
2-3 billion/torq shares/ .01 par value /etc/etc!!! again,numbers that have ABSOLUTELY NOTHING to do with this enti----hopefully there is new mgmt coming on board---this thing needs a new comedy routine.I am curious---"torq shares" are brought up alot----I dont think I have seen where they EVER existed---ever !!
I agree,but that was not my point.Unless mistaken,there has not YET been "OFFICIAL APPROVAL" which would make the news public----my point---all these supposed calls to the county getting early confirmation----THAT would be a problem,one that has people looking for work---and NO---I am NOT suggesting anyone with the county has done that.
yes,everyone who has read the cgra sub docs is aware that the bond issue itself need not be fully subscribed---I did not say otherwise---my point,every corporate bond insurance rider has ITS own rules----THE INSURANCE COMPANY doesnt want to cover a bond that is only half or quarter subscribed----and they certainly might have concerns if half the payments are in non-marketable/non-liquid "assets"
CGRA BOND ISSUE---If not mistaken,the bond subscription documents indicate the only accepted "payment"is a bank transfer of "currency"-----I see a potential conflict with the company accepting notes payable (an IOU for an IOU?) OR "EQUITY" (some one elses stock ?)further,every corporate bond insurance rider I have seen mandates at least 2 things---the bond be fully subscribed and all the parameters of the sub doc be met-----I see another conflict with the insurer covering an issue "paid for" with these assets.
side side note---"co approval" ?---sure,might happen at ANY time---but all the "I JUST called and THEY said it was a done deal and approved"---I take as hog-wash.any co employee giving out that info prior to it becoming public info is a co employee soon looking for work------also,much has been given to the 3 companies lined up to do business that conveniently have the same address---safe to say they have the same personnel as well ? tia.
SIDE NOTE---has it come to light how and when these oil properties were acquired ? what did they pay for them ?
The bond "buyers" may only recently been made aware that most did not pay for their bonds,rather issued THEIR OWN IOUs are "equity"----was that in the the SUB DOCS ?
The ONLY thing that has happened here is fairly standard i-hub pinkpenny silliness.YEARS ago enti "affiliated" with a handful of other i-hubbers and announced a series of projects,one sillier that the next.None worked out.The ONLY thing that did was a mountain of shares issued and sold by all.Nothing more Nothing less.to continue to note these "deals" and expect anything to resolve itself is pure entertainment.mmx,roar,yellow pages,torq,etc,etc have all long since evaporated.There were no great conspiracies,no missing shares or divs or relatives.No hacked computers or foreign exchanges and IPOs.the ONLY thing left here is a platform for comic relief.
BOND ISSUE---Company sells bonds for 1 reason--fund operations.It is a "loan" from bond buyers,they borrow funds,use them for operations---pay interest for 10 years,then pay the money back.nothing more or less.You buy a bond for 1 reason--earn interest AND get your money back.You read the subscription docs and see that proceeds are being used to build the business.Imagine you are the guy who bought a bond,sent your check then 2 weeks later see that most everybody else DIDNT pay for their bonds---they traded IOUs for IOUs,even better traded "equity" for their bonds.Doesnt sound like either of those 2 are sources for business building funds.YOU have become the underwriter !!You buy a bond thinking you will earn interest and return of principle from the business that ALL the bond BUYERS have generated--but its all on YOUR shoulders.I guess I need to re-read the Sub Docs to see how that gets done.never seen it before !!what is "equity" here ? somebody elses penny stocks ? sounds like SOMEONE got a good deal--who and why ?PURE OPINION--IF I bought bonds here and paid cash,I would not be a happy holder.The company has now cut collaterilization in half and buy the burden on MY shoulders.
side note----dont think I have EVER seen an i-hub pinkypenny oil exploration deal whose projections DIDNT look FANTASTIC !!
well,the past 3-4 (5 ?) mgmt groups did get 1 thing done---a pps firmly planted @ no bid---hopefully new secret mgmt can use the usual crackerjack promotion to get the bid up to at least .00005----would take over 600 years at your local bank to match that ! Seriously,with zero value,the only merit would be a RS---and appears not to be worth the cost to clean up this mess.
I imagine most are waiting for clarification on news.While the company states they have "sold" bonds,they also admit that more than 50% of the "payment" consists of IOUs and what they call "equity"Now,every bond I have purchased had me staring immediately at a Tplus3---never took MY IOU !!--and while every i-hub pinkypenny "equity deal" I have watched equated to piles and piles of stock being glad-handed--I have NO idea what it means here.And I have no idea how either pays for operations !!.Looks like someone got a nice deal---wonder why and who,or better yet,who and why.Side note---dolomite----better learn what an assayers report does and does not tell you---you night be sitting on a big pile of "something"---doesnt mean you can sell much of it.Hope they didnt take any magic beans or a fat cow as "payment" on the 19k.
I really am rooting for cgra to get into the MJ business----I closely followed all 4999 previous i-hub pinkypennys when THEY announced they were dropping everything they were doing or pretending to do to corner the MJ business.To date not a single one has rolled a joint (at least not legally).SO----GO CGRA !!!!!!----side note on dolomite valuations---just because you are parked on a big pile of something,doesnt mean it is worth much.Dolomite is worth 1 tick more than limestone and 2 more than dirt----yah gotta sell it to bank it !!---MY side business---I sold 14 boxes of organic sea salt that I processed.As I am on the coast,I have access to 140 trillion cubic yards of raw material (salt water)---by my calculations my biz should be valued at 940 billion dollars (did I do that right ? GO CGRA !!
marginally curious as to why you continue to re-post these numbers.If long ago "tradeking or zecco" posted a bad link to another companies numbers,so be it.THESE numbers have nothing to do with THIS enti.I can only imagine you are trying to keep the amusement level up.This board really has nothing but that !!---has seen it all--IPOs,oversea exchanges,trillion dollar valuations,missing shares,missing dividends,missing relatives,hacked computers,everything but a business !!
BOND ISSUE---ok,a couple of issues---guess I am the only one amused that a company announces bond "sales" and then announces that more than 50% of these buys are covered by 1)an IOU 2) "equity" (stack of someone elses stock ?)-----how does that pay for operations ?-----side note---my guess,oil rev may be on par with "mining rev".gotta know what provable reserves and an assayers report REALLY means.
edited----"throw out note and equity" ?!?!---well I dont think I can---that is how the company has stated the bond issue was being paid for---plus---every add on "insurance" backer ive seen requires 100% subscription---do THEY "throw it out" ?!?!---gotta admit creates an interesting scenario---IF "equity" is a big pile of pinkypenny stuff----does THAT earn 10% ?!?!----can you say "cash is in the bank"----if it is a note and "stock" ?!?!----
yes,being "sold",but as they accept "notes payable" and "equity" (equity in what ?)---I wonder if "cash" is "cash" or if "cash" is "cash"-----side note---equity in what ?---
"note payable" to pay for a bond ?!?! and "equity" ?!?!----equity in WHAT ?!----guess THAT is why you use a non-registered foreign issuer !!----side note----10% ? ----i can get 10 % all day in a dozen US issuers ---ALL currently doing biz and generating rev---junk ?,sure ! but for "pinkypenny oil exploration,PERUVIAN silver (!!) and mj start-up---I need alot more than 10% !!-----"note payable" to pay for a bond !!!!! dont think ive seen that before !!