Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great point to buy more shares with news Lucky Friday opening.
Great point to buy more shares with news Lucky Friday opening.
Thanks for advice. I actually find this stock absolutely fascinating.Supporters who absolutely refuse to point out one single initiative that has worked. The strangest accounting I have ever seen in a public or private company. A company with a straight face announces they are in eight or nine businesses at once with no cash.$5 million financing announced. They acquire a mortgage lead business. All of a sudden out of the blue large salary payable emerges.Hundreds of millions of shares issued to acquire businesses that one never hears from afterwards.
Following this stock is always interesting though as bag-holders one cant expect CEO will deliver results.I wonder if CEO ever thinks maybe he is in wrong position or line of business ? Many people post this is a scam, but it seems too inept to be a scam.
Sounds nice but how long do you believe management should have to turnaround any stock, isnt 3 years a bit much ? Again can you name 1, just 1, initiative BTDG has embarked in 3 years that has delivered any concrete results ? With all due respect, you always post these positive messages but nothing ever happens to this company.Based on your post means we just hold on forever ?
I agree a tough funding environment for sub penny stocks- but if EVERY initiative of company that has been annoucned doesnt work, at some point shouldn't here be a question of CEO's business ability to determine what deals to sign and how to execute ?
Company would be better off opening a hot dog stand at this point !
I don't mean to bash the CEO , he just doesnt seem to have ability to turn this around based on results- maybe he should focus on his strengths and appoint someone else to run company.
Again if I am wrong point to one single initiative that has resulted in positive cash flow.
Not at all am I posting to pick up cheaper shares- whether a small reverse of not I think this stock has explosive potential that cnan be realized, whether there eis a small reverse or not.Of course I woudl lik eto pick up more shares cheaper, but whatever price paid this year my own opinion is there wil be a very very good speculative return on this stock in 2014 so shouldnt matter whether one pays a bit higher or lower, as long as one has a position in the stock !
I stand corrected , you are right I did repeat myself- my objective is simply to understand more about this stock and gain greater confidence by looking at assumptions and different possible sceanrios.
So if consensus my repeated posts could be taken as bashing, I will try to refrain, except in response to my posts,mentioning another reverse for a while !
I agree talk of a reverse split is speculative, I did outline my assumptions. I am not sure why irresponsible any more than it would have been before last years reverse split- I am quite sure people then would have had same feelings about a potential reverse. Management subject to any regulatory issues on a second reverse will obviously do what is best for the company.
However although I think there are some key questions to be answered, and I have my opinion on how they market the story, you have followed longer than I and thus proably have a better handle than I on management's ability and trak record to deliver on meeting objectives.So my assumptions instead of being optimistic may be too conservative.
Actually my reasons for considering reverse split scenario is not based on company reaching a billion shares in 2013, but on reaching 150 to 200 billion shares, based on following assumptions which are optimistic IMO.
1. Company will need to raise at least the same as last year, i.e. approximately $400,000.It is unrealistic to assume they will need to raise less when they forecast going into production. This means more dilution in the short term putting even more pressure on the stock.
2. Accepting what several people have posted that meeting permit conditions will not require lots of cash, and will be in place by June to permit a September start date
3. To attract a higher level of investors, to enable private placements with less of a discount than the convertibles, they will need to get a price between $.08 to $.20. As I have indicated with a DTC chill and a price below $.05 many brokerage firsm wont take the stock certificates of this company, and many investors wont take seriously with a stock price under $.05.
4. I do not believe the company's IR strategy is that strong, so they will need all the help they can get to raise the stock price.
5.Will take a few months to arrive at profits and positive cash flow from custom milling.
5. CFO will renogiate property and mill payments, and mine development costs deferred until 2014.
I would rather see a 1 for 5 reverse, and private placements of stock at a 15% discount, than oonvertibles at a 50% discount.
I do not think the above is bashing the stock.I may be wrong that their IR and progress may get them up to a $.10 price without a reverse, just less probable in 2013 IMO.
By the way, if I were bashing this company I would say simply management needs to go after doing a 5000 to 1 reverse split, and accuse them being a scam because of poor performance as some seem to do. Instead I have concentrated on key areas that for a stockholder IMO that should be addressed- and continually mentioned strong points that attracted me to this company. Since you are so against another reverse split, do you feel management was forced by circumstances beyond their control to do a reverse, or are there lessons for management from last year to avoid another reverse this year ?
My point was simply from Company standpoint IMO they would stand better chance of success doing a small reverse at some point or they may be forced into that situation as they were last year because of circumstances or misguided IR. Second, that it is not uncommon as I am sure you will agree that a company that does a 5000 to 1 reverse split stands a pretty good chance another reverse is not uncommon.
As far as an investor who bought shares before the reverse split last year, and who hasnt significantly average down through more purchases, I quite agree probably uncommon that they would recover their investment in short to medium term.
I fail to see discussing potential scenarios this is bashing this stock which I think has tremendous challenges, at least from the information available.The company is faced with an extremely poor market for mining equities the past 13 months, increasing regulatory and compliance issues with low priced stocks, and enormous cash flow challenges in the short run- but high risk,high reward potential. Just expressing hope isnt an investment strategy though my be a speculative one I guess and it is a speculative stock.
Again, I believe company has many elements of success, and certainly the CFO is creative from what I can see.I am not bashing this stock nor management by pointing out challenges and seeking answers to how those challenges will be met. Look I believe in the potential, I am just watching to determine when is best time for me to average down average cost , but I admit I not expect signficant upside until 2014.
However guess I wil accept your comments and try to refrain from reverse split forecast as it doesnt advance discusion of how the company will proceed to meet challenges.
As I asked before, with all due respect, you have been positive about this stock for quite a while. Can you name 1 initiative of this company the last three years that has resulted in positive cash flow or revenues ?
Since you are positive on this company, how can they have negative assets, and receivables that seem to stay on the books forever ?
Do you feel that shareholders at some point deserve to see some progres- how many years do you believe it is reasonable for management to have to deliver results ?
Clearly CEO has some technical experience but his deal-making expertise never seems to result in anything. Maybe time for him to step down from CEO role ?
If I am wrong and in the last 3 years anything CEO has done has resulted in cash flow or revenue, please let me know what I missed.
Not sure your point- looking at past companies that have done reverse splits it is not uncommon they have to do a second,so I am unclear what makes the presentation of this possible scenario mean I am new at this.
Second, reality is it is hard to finance junior mining companies these days, even harder if company has DTC chill and a stock price under $.02 . There are many brokerage firms that wouldn't take this company's stock certificates for placement due to low price.
Therefore I do not see it as an unreasonable assumption that another reverse is a scenario company may have to pursue to reach its goals- not 5000 to 1, but 1 for 2,5 or 10. Due to the explosive potential of this company once they are operating at a profit and IMO when they get their IR in order, I do not see this as necessarily the disaster some may think from company point of view.
I would prefer just a higher probability of success, that is all. If CFO can pull this off without one more reverse, all my compliments to him.
I certainly have no intention of bashing this stock and I do believe my posts have indicated how much possible potential I see in this company controlling a mill, rising gold market, and having nearby mines . I just ask questions to learn more and figure out what possible roadblocks are on the path realizing that value, and best time to buy more stock.
I guess it is just hard for me to see this stock with a DTC chill, in desperate need for funds, and this stock price, attracting the next wave of investors to get it to a respectable price range for future funding. Therefore to me seems logical company would be planning to do a small reverse later this year to get to a better price range and better assure company's future.
I do not believe asking questions is bashing the stock, I just wish company to do better.I admit I am rather fascinated at this idea of a fast-track to production with $5,000 in the bank, but I am just as happy with a 2014 start date- I am more concerned at management's IR ability. They can always re-negotiate with property owners, but they do need some cash to stay reporting and meet permit conditions.
Well I guess I am one the people who raise the reverse split scenario in 2012. You say you wouldn't stand for it, what could you do ? I am just trying to figrue where to build a bigger position, and it just seems logical they will need to do a small reverse this year, just my opinion.
As far as dilution of course they need to dilute, how else will they raise cash to implement their business plan ? Even if they just need $400,000- and of course they need more than last year which was around that amount- at current prices that is around 26 million. I guess on of people posted said they had 93 million now.If the get another convertible with a 50% discount, that would make 52 million more instead of 26 million.
Now I dont know if they will need $400,000, but considering they have property deals to close, contractual committments, a greater level of forecast activity for this year,it doesnt seem out of line to forecast they will need as much cash as last year. Even if as some believe they are paying most of their exenses in shares ( why no 8k fiing on this ?), still an increase in shares.
SO 56 + 93 = 149 million shares, my overall forecast is they will reach at least 150 to 200 million shares this year if they can hold price in $.01 to $.02 price range.
My problem is do I accumulate more now, or after a reverse I think is coming within next 12 months- as I do think once they get a permit, some funding, and a more probable start date, and better IR, this stock could rocket upwards fast.
I do not think nonsense to bring up reverse split at this time for the following reasons : I do think the company needs to raise money and this will boost the outstanding shares, sooner rather than later, and this will keep pressure on price. Company will need a higher price to open up new potential investors and private placements- it has a DTC chill and that compared with the low stock price makes it harder for potential investor to participate in a private placement.
I actually agree with you next year if they re-open the mill, operate at a profit, and present a credible development plan for the mines they have under contract, this could be a $2 stock. he problem with recovering after they start producing revenue is how many shares they need to issue to get to that point. I just believe now after reviewing all the comments to questions I have asked etc, it is more likely profitable revenue wont occur at best until the 1st quarter 2014.
I guess time will tell whether "nonsense", just as time will tell whether "nonsense" the company can achieve its objectives of september production with $5,000 in the bank.
Guess I just think story is better than many might think, that is why I think bigger issue than everything is management IR ability.Just my opinion of couese, and those who can point to solid IR performance and steadly rising price over time etc can of course correct my impression.
I quite agree the permit being granted we woudl all agree that is important, but it is not the only step that has to happen for this company to be a success.Does anyone really think they will be granted a permit and then their financial and IR issues solved ?(They may have customer standing in the wings wiating for this event, surely possible).
As far as "cute" back and forth, my comments and questions are simply to learn and understand more about the company, which I would think is part of the purpsoes of this message board.I do not think blind support is any more beneficial than people who try to bash the stock for no reason.If there is something worng with asking company to release key information and to turn around their stock price, please do explain to me. Thanks.
I think any rational person would question that sort of stock price performance but to be fair this has been a terrible market for mining equities the past year, and they did raise enough to keep the lights on and progress on the mill permit. IMO bigger issue now is whether management learnt from the experience and has a strategy and plan to not go down the same route. It is always a problem management that is arrogant and believe they have skills to do everything. I do not question CFO's financial experience or creativity, I do question whether he has the marketing/IR skills and of course whether he has the skills to turnaround from a deal maker to an operator.
Anyway past is the past, I do believe this could be a fantastic turnaround story especially if CFO grasps how to build investor demand.
No matter how one views the future of this company I think most people would agree they need money, and that means since they will probably be unable to get conventional financing, probably means discounted shares or convertible notes will be used to get them through this period- this all means dilution which I estimate means they will be at least in the 150 to 200 million share mark this year.
More dilution absent improved marketing/IR , and some very good luck on being producer during this calendar year, probably IMO means stock price risks dropping further at some point. I view that as an opportunity to pick up some more shares prior to better operating news and I hope change in their marketing/IR strategy and tactics.
I do not see getting the permit without conditions will solve everything but obviously will be a great step forward. I think they will do another reverse once they start producing to attract investors who wont touch stock at these levels, I am going to guess a 1 for 2 or 5 shares maximum.Anything moe than that and management should bite the bullet and bring in a new team.
Let us see the "real world". So if one caused such a loss of shareholder value a sthey did in 2012 one would receive a promotion ?
Management deserves a lot of credit , they have constructed a company that has access to a mill, nearby mines, in a time of rising gold prices- and stuck to it raising $400,000 last year in a tough financing environment, and keep progressing with a permit. With a penny stock and a DTC chill CFO has somehow kept this alive.
None of my posts have indicated that I would expect a quick turnaround; and that it will take time to go back into operation,delays are to be expected.Dilution is obviously continuing, and will until company can generate cash flow. The idea that a public company with $5,000 can stay reporting and go into production is definitely not "the real world".
However in the "real world" people are expected to perform. Simply the company IMO ( and others I have spoken to about the stock) does not seem to grap how a junior mining company reports information nor apparently is it that effective considering their problems holding the stock price. Seems an IR problem so what is wrong with indentifying the problem ? Since CFO doesnt have background in this industry not even a surprize.
Look at how almost every company reports NI43-101 results, or other pre production mining companies report on SEC filings,you will quickly see the difference.
Sure projected extraction costs will change, but this with information on the orders, CAPEX, etc allows investors to ballpark what the value might be, shows that company wishes to build credibility and meet projections.
Putting out press releases saying company has $200+ million in value based on historical information and little to support it just causes some investors to shy away form the stock. I know because I mentioned stock to a few people who saw those press releases and backed off- smacked of over-promotional hype and gave impression maybe management couldn't operate at a higher level.Not saying they are right but the goal of IR is to build volume and the stock price now and in the future. If it doesnt do that why shouldn't it be questioned ?
Agree and disagree. I also think stock should be higher, but it may dip lower as company struggles to raise cash and build credibility- but they have all the necessary elements for a turnaround.
The company itself indicates they have reviewed the economics thus they have the key figures that they have not reported. It is fairly standard a pre production company releases such estimates. If company wishes to attract more investors , all I am syaing is that they may wishto consider the sector they are in and what informaton investors are used to receive.
Why wouldnt management seek always to do better especially after having had to do a 5000 to 1 reverse ? This stock IMO should be tarding higher with all the potential it has.
Good morning, if the feasibility study has been done which I see no evidence of, where would one find that information ?
Don't get me wrong, I still think company has a lot of potential strengths and I believe there wil be some excellent opportunities to pick up lower priced shaes this year. ( So maybe I shouldn't be whining about their IR)
I agree the principals loaning money to the company certainly a positive sign, though the CFO having as second on the mill may raise a few eyebrows. But company needs funding now to meet their own stated projections. Where is it ? And the lower the share price the worse the terms for shareholders.
Frankly I would have thought all shareholders would be demanding key basic information be released, and that company brings some cash in the door right now- whether mill re-opens sepetember or january, it does seem on track to do so. Anything that reinforces that path, and the presentation of that path as a credible one, will help the company.
Why is CFO so afraid to release some information but not other ? You cant release forecast revenue,start dates, gross profit %, $9 million in orders, etc, and not release estimated currnet operating costs,CAPEX, working capital needs. I believe CFO is getting very poor IR advice.
This management led company to a 5000 to 1 reverse split, past is the past but certainly shareholders should be able to exect a coherent,confidence-building reasonable and effective IR strategy ,implementation and results.
It seems most of us on this board including myself believe stock price should be steady in the $.05 to $.10 range, why make excuses for management ? They will need to dilute further, so even more reason for company to get a handle on their marketing- if not effective then improve it. Proof is in the pudding, they do a 5000 to 1 reverse split and price is trending down.
Well,I can certainly agreee management has kept trying to advance the company and has put out a certain number of press releases. But isnt the objective to raise the volume and price of the stock to further advance the financing of the company so that eventually shareholders will have capital gains ? Did all these press releases you list stop company from having to do a 5000 to 1 reverse split ? Shouldn't management be held to meeting certain benchmarks ?
My opinion is that it is time to craft a better investor relations strategy and implementation to build credibility and expand number of investors. If they have limited funds for investor relations, they can least study how other companies in this sector present themselves. This company has a lot of strengths, but I know mining stock investors who take one look at their website and press releases and shy away from precisely because it seems management wont have the IR ability to take this company to the next stage. I believe this is just inexperience in this sector that they can solve.
Why is it supporters of this stock seem to have such issues with basic information being released ? This stock has so many strengths at this point, such a pity that it isnt trading much higher.
Thanks for your input. I agree fact mill was operational not so long ago a very positive factor. Of course projects can have delays especially when regulatory requirements for environmental and safety issues can be so stringent and often unpredictable. The old-timers who may be around will get a real eye-opener dealing with MSHA these days.
Since you have more familiarity with the operating issues, the state's comments about lack of certain baseline studies is interesting- should the company have prepared these in advance or did they overlook or was this a requirement they could not have forseen ?
To make a success one needs to deal with operational, finance and marketing issues. The build a better mousetrap theory of investor relations and financing wont work in this market, nor idea that conventional financing is easily secured for a project and company like this. Some comments on this board seem oblivious to the difficulty in financing junior mining companies these days. The reason the company has had to rely on convertible financing is precisely because of this difficulty.
All standards for reporting reserves require feasibility study to report reserves, sorry I asumed this was common knowledge.
The international JORC standards ( Joint Ore Reserve Committee), generally SEC practice per SEC Guide 7 and comment letters by SEC engineering office, Canadian N3-4101 and CIMM standards, and my understanding of USA SME standards.
To report reserves in addition to requirements for estimating the ore itself, requires metallurgical information, extraction costs, determination of legal and regulatory ability to mine, etc etc. Generally if company not operating an outside study is at least recommended. Such studies can be quite costly.
I think fairly safe assumption they do not have a feasibility study that has established reserves.
First, many people invest in mining equities without a feasibility study having been done. That is so common I am not even sure why the question woudl be asked.
Second. do you honestly think if they had quotable reserves they would not quote ? From a marketing/IR viewpoint alone they would want to do so. If they are willing to ue word resources, they certainly would use reserves if they had reserves.
Third,when would they have done such a study and how would it have been paid for ? There has been no such study announced on their last 10k or 10q nor an 8k snce then.Such studies are not inexpensive, and generally not done through payment in shares.
Four, their financial statements do not show a reserve study has been done which effects the recording of expeditures and how they are booked.
I cannot see a single factor that would indicate a feasibility study has been done.
This doesnt mean it is a bad speculation or investment.Just indicates the stage they are at, and why throwing out $200 million + vauations is very unrealistic at this point.
Completely agree there is tremendous potential here,but currnent management IMO doesnt understand this sector and their PR's show this. CFO really needs to step up to the plate and realize this.I alsodout CEO really up to date on modern mining disclosure issues either.
I quite agee with better IR to give investors more confidence it should help the stock.this worries me about this company more than dilution, dilution must be expected.
On the Ni43-101 reports I think there is a misconception, as there is about valuations of a mining company project. The NI43-101 reports , if that is what they have and not just a report "based on NI43-101 criteria", do not have to value a project. They do typically present a budget for what is needed. To value a project typically in this industry one uses Net Present Value,Payback, and Internal Rate of Return, and Canadian rule specifically forbid economic calculations based on inferred resources.Plus I suspect the estimates they are giving are based on historical information which also requires qualifiers. we will see if they release these reports. I for one doubt they will ever release the full reports, as there is much in these reports that SEC doesnt allow in SEC filings, and even frowns upon outside of SEC filings though some American companies do.
For sure NI43-101 reports do not value properties based on value of metal in the ground undiscounted for extraction and processing costs and CPAEX required. Some investments analysts do compare market cap to resource for various competitors in the sector.
To quote reserves they need a feasibility study which company doesnt have, and probably cant afford for outside party to prepare. Their resources probably are derived form old data NI43-101 wouldnt accept as a current resource.
Doesnt matter really as if they have control of mill, progressing towards operation, and sources of potential ore for the mill, all very poweful story compared to most penny mining stocks.
Thank you for the explanation sounds better than the impression I had, though it is quite impressive the belief that they will be ready to go by September.
As far as "conventional" financing I remain uncertain why it would be expected without a feasibility study or collateral and with a DTC chill and this stock price ,how this could be expected. But is they are operating the CFo should be able to use the result to slowly build workinng capital financing at the least.But how to get to that point .
Thank you for the useful information.
I guess then I understand they have to finish up the work needed to meet the conditions,then get conditions removed formally, and ten start preparing the mill to be back operating again, work out any bugs before commercial operations start. Since it is now mid February and they project a start date of September/October,do you feel there is enough time for them to re-open on schedule ?
I am quite amazed the dry stack tailings area can be ready in just a few weeks, sounds good !
As far as contractors working for shares that certainly is helpful, I will be flabbergasted I admit to see how with $5,000 they can stay a reporting company and prepare to meet permits and re-open a mill.
I must be missing something. The company has already presented that (a) they are going into production sept/oct (b) forecast revenue and gross profit percentage. (c) headlined press releases about $200 + million in value.
All I am saying since they have made such projections, that to build credibility they should release key information, update the timetable- quite the opposite of pump and dump IMO.
Why is it that they can forecast revenue and gross profit %, and not what it takes to get there. Even if negative news such as (a) re-opening delayed or subject to final approvals of conidtions (b) requires X amount of capital (c) current forecast operating costs are Y ( they released initial forecast costs on 2009 powerpoint for example.
We are in agreement they should be conservative and not enter pump and dump category, and that they need to build story on results. A question-shouldnt management be accountable for meeting their own projections ?
Agree it is supply and demand. Supply we know will increase until they can generate cash flow. Agree that it looks like a bargain so people just take a flyer on it. However demand in this sector can be created, and that should happen long before there are hard assets to be valued, or income generated. By building a credible story they can build speculative demand. How to build demand especially with limited IR budget ? Improve speculative appeal by building a story and implementing it, and finding better distribution of the story. There are too many unanswered questions in my opinion. In my opinion if there is a problem you solve it, this is a marketing problem if one believes they have capability to execute on their plan. Stock should be much higher in my opinion if their projections can be met, instead stock will drift lower until marketing/IR situation fixed.
A new powerpoint would be a great start and wouldnt cost them much money.
Their financial statements are always a wonder, it is not just a question of GAAP compliant but common sense. I mean really, negative assets ? I don't think I ever seen any company private or public with financial statements like those of BTDG over the last few years. I wonder what goes on in mind of CEO as he spends his day in HIP HOP, cable TV, mortgage lead generation, land deals, mining deals, etc etc. with no revenue , no money. It would be nice to see 1 success, just 1, even if they could generate $1000 a month in revenue.
How can CEO leave information out in public implying they are in mortgage lead business ? Does CEO feel any obligation to shareholders ? After over a year hearing about HIP HOP, where is the money ?
Obviously CEO has no idea of accounting, proper disclosure, executing on any new idea that comes his way but let us give him some credit he must have gained some techncial knowledge.
My two cents problem is not the information in press releases, but market doesnt put much value on the news until key questions addressed. I agree, looking at historic grades one would assume there is ore and can be mined at a profit. However there is no indication of capital required, confidence in timeframe ( whether sooner or later), terms of orders etc- simply impression is of a company that lack transparency, or worse simply in over its head. This may not be true, but the IR effort at this company IMO is atrocious,but then again if they have run out of money maybe not much they can do.
I still believe they have the elements to turn this around but share count will go up significantly and price may drop in the meantime. But so what ? May be great opportunity to average down , and after all at this price obviously speculative.
Hopefully 8k on Magna group a sign maybe things will turnaround !
Most mining equities down the last year, and funding very difficult, but really with 6 months to go into production time for CFO in my opinion to get someone who can advise him to build a credible story, implement the story and gain confidence. And if he has to do another reverse, do it before they go into production.
- any company seeks to present itself in the best light. why were those press releases "bogus". we have no reason to believe that the company made up the information. i would queston more (a) does management have a true grasp of PR in this industry and regulatory norms covering NI43-101 reports and SEC Guide 7 requirements ?( b) Do these press releases show a realistic grasp of modern IR in this sector ?
But "bogus" Seems like they are just reporting historical information drssed up as a new report, or worse they have more data but think that by only releasing some informaton it is better PR than addressing all key questions.
IT is entirely normal in any press release incorporating NI43101 information that qualified person is listed as long with his background.
If Magna filed because they acquired over 5%, and presumably need to file within a few days if that percentage goes up or down, I assume we will know within a short period whether they sold. How many days do they have to report that ?
Yes, exactly my point everything costs some money, and for a company according to public filings last had $5,000 in the bank one naturally can have questions how they will achieve their projections without cash.
As far as the environmental groups sounds very logical but they are not necessarily logical, and they can emerge at any point and often do.
Quite interesting the opinion this can be "fast tracked" , I do not know enough information to judge but 4 to 6 weeks as you describe seems very quick especially when state permits and inspections are considered.
For whatever it is worth I spoke with someone who has assisted companies dealing with the "chill" DTC imposes at times. While DTC hasnt normally been as forthcoming in explaining or taking chills off, this person said it was unlikely the chill imposed on this stock had the slightest thing to do with a permit.Off the top of their head with not knowing which company I asked about, they said probably past share issuances and/or stock price combined to create discomfort at the DTC. The person did say though DTC is becoming more responsive to companies dealing with this issue than in the past. I asked a market maker same question and they gave similar response. Overly promotional type companies he said could attract attention as well. A stock touting itself as having $200 million + value trading at $.015 would certainly qualify in that market makers opinion as something either DTC or FNRA would take a second look at.Even if chill taken off, just try to find a broker who would take a physical stock certificate for a stock under $.05 these days- many wont.One broker I know charges $500 even to consider receiving in a stock certificate on a company like this.
This doesnt mean problem isnt solvable, just that it may take some time- and even if solved, many brokers wouldnt accept stock in certificate or even book entry form from a private placement at this price.
That would be wonderful if he is a moderator and listens to what stockholders say- not that stockholders can or should manage company, but as part of IR good idea to keep an ear open to shareholder opinions.
Mine is get someone else in charge of IR and marketing ! If something doesnt work, fix it,rather doing same thing over and over again-plus CFO should focus his energies on his strengths, financing.