Just trying to make a buck or two!
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Underdog150, actually the price is determined (in this case) by only 2 trading days of the last 10, (the 2 with the lowest trading volume.) So if you get a day with low volume that closes at .0002, and any second day that is low in volume and closes at .0003, your purchase price base becomes .00025, and you then get the 30% discount off that.
I am looking at the 10Q from last quarter for "Delaware Partnership Investor" lender.
I'm going into lending! That is like a license to steal!
Ok, so the sell off last Monday came at the time a when a convertible note matured. Those stocks most probably came from the conversion of that note (or another note), exercised a few days (or weeks) prior to the sale.
Speculating here: The lender most probably identified a time when they could convert the loan and get a price of .0002, or .00025 for the converted loan amount. Then if the lender sold those same stocks for .0004 (the ask last Monday) the lender gets the 30% discount at the time or conversion, plus the 160% or 200% mark up from the sale.
That explains how they can afford to pay for a small army of promotional posters for the time during their stock sell off. After all, they just received as much as 230% of their original investment for a relatively short term investment.
That builds quite a case against those who think that large stock dumping must always come from the company or management.
It is quite interesting the things you see when you have the time and put in the energy to understand this debt situation.
Thanks, Professor! I owe you a grog or two for this one!
And that would effectively put you back at the future market price, and negate the attempt to raise the price now. (Yes?)
By George I think I've got it!
Thanks, my "Bean Town" buddy!
Thanks for setting me straight, King Z! I realize this is not an easy concept to understand. I'm still trying to wrap my brain around some of the details.
567 is a master at this, but it is always healthy to explore your own theories and discuss them with a smart guy like 567. You would pay a lot of money to some schools for this type of education.
I definitely don't meet the level of understanding that others on this board have. But, the good part is, we are able to share our respective knowledge and theories.
I guess I stepped into the your conversation part way through it. I missed the first chapter.
(I could blame being 3 hours behind you guys, but I probably was napping! Life is good sometime when you can enjoy a late morning nap!)
Thanks for the good wishes. I'm at that point right now where I am starting to think I can do things, until I move my foot and get a nice sharp reminder that it is way too early to try. What can I say, I'm slow to learn, but at least I'm persistent!
567tbd, I have a question which, I hope doesn't muddy the water too much for the rest of our readers.
According to the 10-Q I'm reading, some of the notes for the debt CGFIA has, (from a certain period of time) says that the notes are convertible at a rate of 60 or 70% of the averaged price of the two lowest volume days in the 10 trading days prior to the date of notice to the company.
Am I correct in assuming that (let's use a rate of 70%) when the lender wants to convert $100 in debt, he would be allowed to buy $130 worth of common class 'A' stock for the $100 converted?
It seems that would be the incentive for the lender to accept this type of convertible debt as opposed to standard interest + principal type note, (payable in cash at the end of the term).
Am I anywhere in the ballpark of accuracy?
I appreciate the help understanding this concept.
Thanks, Professor 567!
Hi, King Zulu,
If you don't mind my two cents, let me interject a little information.
There is a practical problem with your plan.
I understand your objective is to try to raise the price by paying a "premium" price, higher than the "ask". When you place an order with your broker, it becomes his duty to get the best price possible. So even if you enter the purchase price of .0005 when the ask is .0004, your order will be executed at the .0004 price.
So practically speaking, the best you can do is buy at the asking price, or as so many say "slap the ask".
It was a good thought, King, and that's what you need to do sometimes, think outside the normal patterns of behavior.
The MM's expect, or count on, heard mentality to maintain control.
I admire your attempt to stymie their hold on the market.
No harm, no fowl!
It is refreshing to see an ethical investor. I think you will find yourself comfortable here. But that's yours to decide.
Welcome to the board!
Good fortune in your investments.
Do you put your gross pay "back into the company" or use it to pay your bills?
As an example, Mr Guyer sells the same dollar amount of stock every year. (Approximately $65,000) The rest he leaves in the form of stock.
The employees are paid in stock. A fixed number every year.
They are the largest stockholders in the company. When the PPS drops, so does their pay.
So far Mr. Guyer has been very frugal in his sale of shares.
If he sold all his stock every year, that would give me cause to worry.
Here is an accounting of his sale of personal stock filed with the SEC. It is a bit easier to read.
http://www.secform4.com/insider-trading/1445182.htm
If you visited Silverton, and saw his living arrangement (a rental) you wouldn't be worried about his sales.
Did you know that he donates the office space for the corporate headquarters? He also has loaned money to the corporation, and has forgiven the loans?
This is not a "lifestyle" stock.
Rest assured he won't be buying a boat with the proceeds. It pays his expenses. $60 - $70k per year isn't that extravagant of a paycheck for a CFO.
Davidio, thanks for posting that.
I need to keep reminding myself that we do have new members reading our posts and they need to be helped by giving them a basic education.
What you posted is a basic building block to that education.
You probably just helped a dozen or more new guys with that post.
An extra ration of Grog 'ye earned, matey!
Hink, I know you too well. You and I are "certifiable"!
Sem,
We see things the same, way.
We agree on Mr.Guyer, the merger, and the assay. As far as speculation, have at it. I think everyone can and should state their opinion. But there is one exception, moderators or assistant moderators. It is easy for some people to think us as "experts" and take what we say as advice.
Some people think we are paid for what we do, and demand service for their free admission to iHUB.
So, as a moderator I try not to put anything, especially numbers out for people to take as "expert projections".
And, I hope you have your Kevlar available, the "opinions" will be flying all night!
INCOMING!!
I should have known that, 67! Nothing gets past you!
I'm still able to type, but it has to be from my phone or iPad. I can't get to my PC yet. I'm stuck using a wheelchair for a few weeks, and the thing can't get through my office door. So my desktop is on vacation for at least the next 2 or 3 weeks.
Im not bitching, I am happy to be around to stir up some trouble once in a while!
Thanks for the good words!
Thanks, Nitwit. At least I know one person of intelligence is reading my posts!
PLEASE READ THIS!!!
Ok, it has been pointed out to me, and rightfully so, that I should not be posting projected prices. I thought I was clear about it being only an opinion (not even my opinion) and based on a lot of speculation. If I was not clear enough, let me put this addendum to that post out here for anyone who reads the original.
There are way too many variables to projecting a future price. The amount I posted was offered by others in earlier posts. I recently posted that I would be content to see .10 PPS. So, I am asking all the readers of my post to not take the figures as a projection, but only as a "visual aid" to my discussion.
HinkeyDink makes a much more valid post. We are only here to freely share our knowledge and help educate, not project profit or losses. Too many people may take my comments as facts, and blame me if the stock never reaches the price mentioned. On one here is presenting themselves as experts. If anyone does, then you should NOT LISTEN to them.
We are all just common folk trying to make a buck or two. We share information because we wish to, and for no other reason. By sharing our DD we may all make a little more, or loose a little less than if we approach this hobby on our own.
Thanks for reading!
You should have seen the posts we had to remove last night! You would still be holding your sides and wiping away the tears of laughter!
But we were bad boys, out on a Friday night and wandered way too far off topic.
It was just too much fun to resist, at least for me.
I sure wish we could put those type of conversations someplace just to let the world have a laugh too. But, we must be, or appear to be, a little bit professional!
Not bitching, probably more like bragging!
CTG,
I can't easily answer that one. First, assay results are not in. Second, mill is not reopen yet. Third, it is really an opinion, and you know what they say about those.
All we can do is speculate. If the assay results are great, and the mill reopens soon, as expected, and the dry stacking plan is ok'ed (the concept is approved, the detailed plan is still being worked on), then this stock has the potential to be into the $3 range, or more. (how long that would take to achieve that is another subject of opinion)
Now just by putting that number out there, I will start a landslide of contrary posts. There are other opinions by people out there who will say that that number is impossible. I know you are new to this board and investing in general, so I will make an assumption that you have recently purchased, or will soon purchase some CGFIA stock. That means that you paid or will pay the buy price of approximately .0004. Even if the price only went to .04, (four cents) that would be a return or 100x your initial investment. That means a $100 investment would return $10,000. Not a bad payoff is it?
So I don't have to pay royalties on my version of the saying?
Cool, more bucks for Grog!
I always share, but I joke about it being difficult to do. I know when CGFIA and our other stocks pay off, she will get a nice cut of those too. It's cheaper to give it willingly than have the lawyers fight over the "pie" and leave us the crumbs!
JMHO, not based on personal experience. (Never have been thru a divorce, just watched everyone around me go thru one, or two, or more!)
There is no time requirement on the release of the assay results. The November 15th date is for release / final filing date of the SEC reports. (Financial reports) In this case the 3rd Quarter report or Q3.
The assay report is a certified evaluation, by an independent source, of the projected precious and semi-precious metals contained in a particular mine.
Think of it as an inventory of what you "probably" have in your mine, gold, silver, copper, and any other metals that have been tested for.
Make sense? Hope it cleared things up for you. If not, ask us about what you are stuck on.
RKY, I am just speculating, but I think Mr. Guyer is trying to time the whole merger, assay and other bits of information so it can have it's best impact.
Let's assume for a minute or two that the assay results are completed. If part of the merger's objective is to up-list and remove the chill, then that needs to happen FIRST. That would allow the assay results to have the best impact on the PPS.
Right now, the results, viewed by Average Joe the investor, may instill a desire in him to buy CGFIA, but if he goes to the wrong broker he can't buy. That would virtually kill any interest the average guy would have in buying.
Reverse the order, and you have a bigger company, with bigger assets, releasing good assay results about a higher listed company. That becomes a much easier company to invest in.
So, although it may seem like an eternity waiting for the assay results, I am preparing myself to wait until the merger / buyout has occurred before we see the results. The effect on the payout potential is SUBSTANTIALLY higher when it happens in the right order.
JMHO, but it makes a strong logical argument to me.
I don't know any more than anyone else out there, and I am just looking at this from a "what would I do if I had these things to manage" perspective. I want your outlook from the same perspective, knowing your background in project management. Am I just way off base, or am I missing something? I value your opinion.
Opposing and alternative ideas are always welcome for discussion.
Funny, AK!
I am updating my resume right now. You will be receiving my application as soon as I recover from my hangover. Strange, I know I didn't drink anything at all last night. It must have been the new IV formula StarGazer recommended.
I want you to know I'm spending my down time analyzing and prioritizing the next ports of call for the Armada's investment strategy. After CGFIA, do we set sail for technology opportunities, or stay in the waters of natural resources?
This will be a tough decision!
Rest assured, we ARE NOT SAILING FOR THE EASTERN MEDITERRANEAN, "there be sea monsters there"! Besides, those waters have always "been Greek to me"!
AK,
That is the rugged survivalist characteristic you can only find in groups like the Alaskan Armada. You would never find that type of planning in an urban based group. I may consider putting in a transfer to your branch of the Flotilla.
I would need to make a request you do something about the cold! My bones are getting a little older and I would require copious amounts of 'antifreeze' just to function.
But when CFGIA hits it's stride, can we winter in Maui? That would be the ultimate combination, and a great recruiting tool. Summer is Alaska, winter in Hawaii! (with a small side trip to Costa Rica, maybe?)
I would have no trouble selling that relocation package to Mrs. Pockets!
Ok, I'm talking myself into a move, so let's get this plan in action. CGFIA, can we get the PPS moving north please?
Good Fortune and Fair Weather to the Flotilla!
I always listen to my health care professional!
To Silverton, and the rest of what it stands for.
<= party in Silverton
CGFIA!
Personally, I would be very happy to see CGFIA PPS at any number, even a one, in the first position right of the decimal point.
(like this .xx where x is >1)
Anything beyond that would be a blessing from above. I'm not greedy, but common sense tells me that my desires will be met a dozen times over. That's a wish, not a target.
JMHO, & to borrow a line from a good friend, "Guardedly Optimistic"
My bad AK, I should know better. No excuses, sir. I will put myself on report. My warped sense of humor just can't let a straight line go by without a joke to chase it. It is a personal character fault. (No more Grog on my ration card for a good while.)
I feel like I'm back in school, 567! I understood it, I hope it was good for the rest of the guys.
So, when are you opening the 567tbd School of Finance and Outboard Motor Repair?
Doing ok. Pain is tolerable. I need to keep it elevated, otherwise it really starts to hurt. But I will survive.
Sergei, my friend, I'm not the captain. I am more like the cook. Everyone gets mad at the captain. The cook, if he is good, is everyone's friend.
Anything good happening in your world today?
Sticky notes are at the top of the page you are reading. They are yellow, and have what looks like "post it notes" to the left, with thumb tacks in them. There should be 4 of them. The top two are the most important for you right now.
The merger is CGFIA taking over another junior exploration company "American Sierra Gold" by an exchange of CGFIA stock for American Sierra's stock. American Sierra will become a wholly owned subsidiary of CGFIA.
That is something that you will be best served by finding out for yourself. Everyone has an opinion. Some are pure speculation. Others are based on a lot of study and research (referred to as DD, due diligence).
Being a Marine, you understand intel is only as good as the reliability of the sources it comes from. So, take your time, and watch the posts on this board, as well as digging up info for yourself. You will shortly become aware of who the super researchers are and who are the BS artists.
Trading in pinky land is as dangerous as a Friday night in Bangkok. It will be exciting, if you survive. And the one certain thing you can bet on is there are dozens of crooks that are just waiting to take your money and leave you passed out in some dark alley.
Take baby steps. Don't jump to buy anything you don't understand completely. And if it sounds too good to be true, it probably is not true.
Most importantly, never invest money that you can't afford to loose totally. Think of investing in pink slip stocks like going to a casino. If you are an expert, you will stand a chance of coming out with a buck or two ahead. If you are not, or don't know the game, you are bound to loose it all.
Don't play with your rent or grocery money, NO MATTER HOW MUCH YOU THINK IT WILL PROFIT YOU.
As you get the time, read through 567tbd's yellow sticky post at the top of the post page. He has put together quite an extensive list of information, including links to other websites. That will give you a much better understanding of CGFIA and the planned course it will try to take.
There is a merger / takeover that was announced Monday. That PR is at the top of the sticky posts. It will give you most of what we know is going on as far as that buyout / merger is concerned.
That is a lot to cover, and probably will generate a lot more questions. Most of the guys here are happy to point you in the right direction. But the best thing you can do is listen to what anyone tells you, and then investigate that information to find out the facts of the matter. The information you accumulate will be the best education money can't buy!
Short explanation, a nickname for the shareholders who have reported their respective "boatloads" of stock in CGFIA that they hold.
It is one of those things that started out as a casual statement or joke that has become a standard term around here.
You will also see "Armada", the group of guys who hold the really big blocks of stock here on the board. And "Grog" a purely joking use of a term we adopted from the old windjammer Navy days. It is a mixture of any alcoholic beverage (usually Rum) and the poor quality water the sailors were given to drink.
The alcohol was added to make the water more palatable. (Wikipedia it if you really want to find out all about it.)
Good to see you here CTG! Welcome aboard!
!!!!FLOTILLA ALERT!!!!
Here you go Mister Young, this one is for you!
The current share count of CGFIA stock held by the reporting members of this board is: 1,334,851,403 shares. That's 1.335 BILLION
If anyone posted a share count on 10/31 or 11/1, I'm sure I missed it. There were over 1400 posts on Tuesday alone and I didn't get to read them all. The hospital staff wouldn't let me bring my iPad into the operating room. (Darn doctors, they play the market, so you would think they would understand.)
So, if you did, please repost it and I'll make sure I get the totals right this time.
Thanks for your understanding.
Ok, back to your coffee break, work is over!
Mr. Y, I'll try and get that to you in about an hour. My secretary is on her coffee break Good help is hard to get to work sometimes! I may need to fire the coffee guy.
I don't know where you came up with that information, but here is where I get mine, the Securities and Exchange Commission, Form4 filings for insider trading:
http://www.secform4.com/insider-trading/1448719.htm
Perhaps the battery in your calculator is dying. It is only about $26,150 US, give or take a couple of beers or so. Hope it helps you keep the information straight. Mark the link, it may come in handy in the future. GLTY!
Oops, and that was only antibiotics! Wait till I get to the good stuff!
Thanks, I'll fix it right now.
Sage advice, 73772832. It baffles me why people behave in the manner you describe.
I just took a big % loss on one of my stocks, but I just wrote it off and took the remaining money to another opportunity. I'm not posting on their board. I'm not crying about it either. That is life in the penny stock fast lane.
Keep telling them, my friend. It just may find its way into their brain cells!
GFTY, your investing!
Thanks for the update, Franzken. I will put on my secretarial skirt and fix the books later this morning.
As always, good luck!
I am is the same position as you. Would love to grab a few more shares, but I am on a budget! (I keep thinking a couple hundred thousand shares now will buy a nice 2014 Porsche!)
Good hearing from you again. Don't be a stranger. Drop us a post, even if it is about the weather in Belgium!
CGFIA
Ok Ficoce, I'll let the dog in and turn off the lights. Lock the door on your way out. I'm in bed already. I'll just sleep here
It will be a busy day tomorrow, err today.
Good night all!
The mud in Silverton contains gold. I'm not trying to be funny or make a sarcastic reply. It is a geological fact. There is gold (and silver, also,) in the alluvial deposits. That means there is gold in the mud. That seems like a good place to be digging ones self out of.
Oh, did you get the answer to your question on the posters and who they were? Pretty easy to find, wasn't it?
Have a good sleep. It seems you need it.
If you read the posts, you should have noticed a tag at the top of some of their posts, you would see the disclaimer answering your question.
Try "stockman69" post # 30108.