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Well as far as I am concerned IR lied to me in an e-mail on thurs when they said all was still on for a merger agreement on 3\31, and I will reply back to them regarding this lie since you can't tell me everything changed in 2 days from being on-time to this crap.
EZ here's a link I posted on a couple other boards that some of you may relate to, I do.
http://oldfortyfives.com/TakeMeBackToTheFifties.htm
Probably giving away my age with this one but those of you who also are this age will love this link
http://oldfortyfives.com/TakeMeBackToTheFifties.htm
u got mail
Definitely need to find something constructive to do this weekend otherwise the wait will be unreal. May have to take a roadtrip to good old Foxwoods and kill some time. Bad enough waiting for info from one company but also waiting for info from WITM merger news.
Jenthico
Have u checked out the yahoo board recently for our EK friend? Man seems we get news on Mon for both now, will be one hell of a Mon.
Wow I have to stop waiting till 3pm to read this board, way to may posts, damm work gets in the way of msg reading LOL, Anyway definitely hoping for good news on both fronts, ACMG and WITM on Mon.
All that is definitely important but also the physical verification of ACMG shares and div payout not electronic divy payout of shares
Siam announcement of current shares of ACMG held via buyback
A buyback of the remaining OS of ACMG for a hefty % above the current price (they definitely have left over cash from the alloted 30 mil)
Current longs get the divy company which is by plan designed to make the larger of the gross sales by 2010
Heck if they give me a divy share for each ACMG share I currently own for a company expected to make billions in the future and then offer me $1.50 for my acmg shares so they can smoke the naked's I guess I would say sure why not. seems the Divy company should be worth more down the road with the licening of patents.
This is just my opinion but seems it would accomplish the outstanding steps we have all spoken about
There quite a few on this board that are also in for the long run, can't wait to hear what DR C says on monday
Reply from IR taken off the Yahoo board
Yes, we are still on target to achieve the items you mentioned below. Wits Basin management is in Hong Kong right now and they are on track to complete the definitive documentation by March 31. Further progress will be made on the ADR program once the definitive documentation is complete and the company still intends to implement the ADR program in conjuction with the merger.
Dia Stokes Kelly
Lighthouse Communications
4243 Dunwoody Club Drive, Ste 103
Atlanta, GA 30350
678-222-0293 direct
866-739-0390 toll-free
--------------------------------------------------------------------------------
From:
Sent: Wednesday, March 28, 2007 7:01 PM
To: info@lhcom.bz
Subject: question regarding the merger
Deb:
Are we still on target to achieve the following 2 items mentioned in a prior PR by WITM?
Certain Board Members and representatives of management are now planning a return trip to Hong Kong in March, which they believe will allow for the finalization and execution of the definitive documents. Out of respect for the Chinese New Year, the planned date of execution of the definitive documents is now expected to be on or before March 31, 2007.
Company management is currently working with the depository trustee to commence meeting the requirements of the ADR program. The ADR program will enable our North American shareholders to have a North American exchange available to them to buy and sell their respective shares after completion of the merger. The Company intends to implement the ADR Program in conjunction with the merger.
Thanks
Question on Divy, Because we go through brokers who deal with many would SIAM not have to worry about shares bought today and tomorrow for cert on divy as they are probably using a broker who would bend over backwards for them. Or is the waiting time the same for them as us regular joes
since we are into humor today here's one
NEVER LIE ABOUT YOUR HANDICAP
A businessman was attending a conference in Africa. He had a free day and wanted to play a round of golf. He was directed to a golf course in the nearby jungle. After a short journey, he arrived at the course and asked the pro if he could get on.
"Sure," said the Pro, "What's your handicap?"
Not wanting to admit that he had an 18 handicap, he decided to cut it a bit. "Well, its 16," said the businessman, "But what's the relevance since I'll be playing alone?" "It's very important for us to know," said the pro, who then called a caddy.
"Go out with this gentleman," said the pro, "his handicap is 16."
The businessman was very surprised at this constant reference to his handicap.
The caddy picked up the businessman's bag and a large rifle; again the businessman was surprised but decided to ask no questions.
They arrived on the 1st hole, a par 4.
"Please avoid those trees on the left," said the caddy.
Needless to say, the businessman duck-hooked his ball into the trees.
He found his ball and was about to punch it out when he heard the loud crack of the rifle and a large snake fell dead from a tree above his head. The caddy stood next to him with the rifle smoking in his
hand. "That's the mamba, the most poisonous snake in all Africa.
You're lucky I was here with you."
After taking a bogey, they moved to the 2nd hole, a par 5.
"Avoid those bushes on the right," says the caddy.
Of course, the businessman's ball went straight into the bushes. As he went to pick up his ball, he heard the loud crack of the caddy's rifle once more and a huge lion fell dead at his feet.
"I've saved your life again," said the caddy.
The 3rd hole was a par 3 with a lake in front of the green. The businessman's ball came up just short of the green and rolled back to the edge of the water. To take a shot, he had to stand with one foot in the lake. As he was about to swing, a large crocodile emerged from the water and bit off much of his right leg.
As he fell to the ground bleeding and in great pain, he saw the caddy with the rifle propped at his side, looking on unconcernedly.
"Why didn't you kill it?" asked the man incredulously.
"I'm sorry, sir," said the caddy, "this is the 17th handicap hole, and you don't get a shot here."
That's why you never lie about your handicap.
Would that be WITM?
Well I could be wrong but if SIAM started buying on the 19th at a max of 25% of the last 20 days average I would say they could have bought as of the close yesterday roughly 15,017,555 and be able to grab another 2,583,733 today, IMO
I agree 100% "Calm before the Storm" have to go back sometime to find volume this low this early
SIAM getting ready to unleash the dogs of war maybe
Would love to read about several MM's being arrested and held without bail for crooked trading practices
Then we could unleash Bubba on them and he has no mercy
I agree somewhat with you only once they have their 30mil and we all have our shares of the new company which is projected to make more then the other half maybe an outright buyout of the remaining 15 mil for say $1.50 or more a share leaving us with shares of the new company as a replacement.
They had been willing to spend 30 mil to buy 30 mil shares and there is no way they have spent that much so with that bugeted amount they can buy up the rest of the float (which because they have controlling interest) and stiff the remaining naked's while rewarding the longs with shares = to what they owned in the former.
This is just a hypothysis.
If shares of the new company are issued to each owner of ACMG (not electronically) and the new shares are for the company slated to make more per year, what have we lost as I see it we gain while screwing the NS's
Ok hows this only 96 hours and 45 minutes to go and it will be Christmas.
Dang I better go put water in the tree stand to keep it fresh till Mon LOL
That was his last post for today you may want him to e-mail you his thoughts if you provide an e-mail for him just trying to help him out as i too have been there using my last e-mail and having no way to respond to another question till 12:01 that night.
Sent we really could use some news tonight would be better then the morning, its like being a kid at christmas and having to wait till chsitmas morning to get any news\presents
Well I am a firm believer that not all those shares we have see bought and sold really exist, the numbers don't add up or there are a lot of liars out there about theeir holdings. We (fellow workers and myself) have recently increased our holding to the tune of 2,550,000. I know others of you also hold sunstantial amounts but at least I can verify our groups because they don't buy or sell without asking me 1st. Just hoping SIAM bought their stake. Good luck to you all as I await the next couple PR's and mondays show.
Sentinel:
Hypothisis, Is it conceivable that if SIAM has bought and owns the 30 mil that after the div is paid and the new entity is provided to the remaining true 15 mil shares by a non-electronic verification method that SIAM in conj with the other majors vote to bring the ACMG piece private (paying a premium for the 15 m OS) while allowing the other new entity to remain in the hands of the 15 mil floats thus eliminating any phanthom ACMG shares.
I am just asking if it is feasible so please don't jump on me as I am long ACMG as most know.
You writing the check LOL
The good news is each day SIAM's possible 25% buy increases because of the large new volumes taking the place of the older smnaller volumes at this rate they should be able to gobble up the 30mil by weeks end at the latest
my error this should be 25% of the last 4 weeks then
Sent please delete the other info was incorrect
19th 1,464,789
20th 1,846,361
21st 2,037,473
22nd 2,226,724
23rd 2,255,817
Jen give me an e-mail address and I will send you the spreadsheet, The share volume I posted for the 19th takes the previous 30 days total and shows what 25% of it was, the numbers for the 20th does the same only includes the 19th volume and does not include the Feb 5th volume, do I need to change cal's for only 20 business days or 30 business days that may be my mistake please correct me
as a matter of fact I thought about that % this weekend but couldn't remember who posted the rule anyway going back 30 days on volume and figuring 25% of that 30 days while incrementing forward a day at a time here is what they could have bought starting on the 19th of this month
19th 1,413,045
20th 1,638,233
21st 1,774,701
22nd 1,891,943
23rd 1,936,404
Phanthom sellers since who in their right mind would sell now, one mm's selling to another trying to create the air of doubt, Longs need to hold and time will stick it to MM's and their Naked Shorts.
Can't for the life of me figure out who in their right mind is actually selling.
sorry it took so long for me to get back to you I read your message just as my God son wanted to go Toy-R-Us for (excuse spelling) pokemon cards, euga something LOL
you got mail
give me an e-mail address and I will send it to you
Would love to have one of our Canadian IHUB'ers post some pictures of the construction site as that would also help squash the doomsayers just showing the plant under construction that is scheduled to open this summer. Picture is worth a 1000 words\posts LOL
Am I searching in the right location for the site of the plant in canada
http://www.spipb.com/english/parc_industriel/repertoire.php?section=entreprise§eur=industrie...
http://biz.yahoo.com/iw/070319/0228080.html
finally item in the announcement
Tim:
EZ directed me to you on a question I had, Hopefully you can help. If a company announces a buyback of say 2/3 the float as ACMG did this past Mon by a company that they are merging with is there a set standard of rules governing the buyback that SIAM would need to follow or are they allowed to just go out and buy up the 2/3 all at once.
TIA
EZ Have you been following ACMG and the current announcements regarding the buyback of up to 2/3 of the outstanding float? Was wondering if you or anyone else happens to know the rules for the buyback as to how many shares per day based on outstanding factors
TIA
What is the rule with which SIAM had to follow in buying back 30 mil of the float? Is there specific steps and volumes or are they free to buy all at once starting the 19th? Does anyone have a definite answer for this. TIA
Wow its Sat an this board is busy going to need a speed reading class inorder to keep up with posts next week LOL
Sentinel: I sent that to him also 2 days ago both to his personal and the IR address,
On another note if SIAM is only allowed to by up to 25% of the average volume for the past 30 days starting with 30 days prior to th 19Th then according to my figures they should have roughly 8,654,325 as of close on fri since the 25% changes daily with the new volume.
This could be all wrong as I am figuring this on a post someone had saying that the buybacks are by law no more then 25% of the last 30 days average volume, please correct me if I am wrong.
Some random thoughts
Did SIAM buy all 30 mil of the floats yet? should have by now unless they are restricted to buying only so much a day someone mentioned a while back that they can only buy 25% of the daily average volume over the last 30 days. If that is true then we need to look at the volume per day going back 30 business days from March 19th average it take 25% that would be what they could have bought the 1st day March 19th then you need to drop the earliest date volume and and the 19th and recalculate the % , good news is each day this past week their buying % would have been higher.
If they did they still have 95% of the cash that they would have committed to buying those shares left over.
Seems the war chest against the nakeds was established at $30,000,000.00 and they had to realize they didn't beed all 30 to purchase the 2\3 of the float so this war chest is ear marked for other steps in the next week.
Feel free to correct me on anything above and I can't wait for next weeks action