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Example:
1. Shareholder A has 1,000,000,000 shares
2. Shareholder B has 0 zero shares
3. Shareholder A sells 1,000,000 shares
4. Shareholder B buys 1,000,000 shares
5. Shareholder B sells 1,000,000 shares 1 week later
6. Shareholder C buys 1,000,000 which shareholder B sold
Has Share Structure changed?
That's 2 years ago. Gotta do betta than that
sagd is going somewhere faster than nowhere fast.
who is the stinky pinky?
I agree. Only 2 notes left. SS still low with very low MV. Increasing SS will be ok.
oops meant to write gone not fone
The 32500 Asher note is fone. See the latest 10Q. Intepretation: investors were willing to underwrite for about 70MM shares. That is approximately at .0004/share which is market. What does that tell you? Seems to me they have the ability to replace Asher notes in the future. Bodes really really well for SAGD
Summary of Asher Notes:
10K Filing Date Agreement Date Amount Maturity
17-Apr-13 28-Mar-13 32500 2-Jan-14 4.99%
20-May-13 20-Apr-13 27500 20-Sep-13 9.99%
28-Oct-13 9-Oct-13 7500 18-Jul-14 9.99%
The last column label should be Maximum Conversion as a % of Oustanding Stock.
The table indicates that there is just basically one more large financing that needs to converted (if it hasn't already been done) and that is the one due January 2, 2014. Small one on July 2014.
Two possible scenarios here:
1. Assume OS = AS, 450M x 4.99% = 22.5M shares (not going happen; Asher loses money)
2. Assumes .0003 conversion rate of 32500 = 108M shares
its a Balance Sheet. You have to included every account with a balance. Would you rather have this account omitted?
clear meaning in what sense? anyone looking at the BS knows that is why Asher is being used and until they are removed, cash will be at $53 or just plain zero. look at all the other balance sheets of companies in this market level. the reality is financing is extremely difficult to impossible given market conditions for small companies.
the fact they dont know have cash has been regurgitated over and over
Old info. That info has been available forever
IMO, that is what every stock in the OTCQB OTC and a number of NASDAQ companies as well. That is standard language.
latest 10q is good to neutral. notice that it did not mention the LOI JV announced earlier, which is proper. the 10q is for the sept quarter and should contain only events that occurred within that period.
Going back to the LOI JV announcement, $200,000 WILL GO A LONG WAY in alleviating the cash squeeze SAGD is experiencing right now. THAT IS VERY VERY VERY GOOD. Averaging it out could mean at least $17-18,000 PER MONTH for the next 2 years. Translated, it means NO MORE ASHER.
Just the fact that there is LOI JV within the 60 days (should about 45 days now) bodes well for the company. It means someone is willing to risk $200,000 just for the exploration/expertise stage alone. It means there is SOMETHING IN THE GROUND.
Asher doesn't have very much $$$ notes left. Support at .0004.
Call CEO
SAGD files for late filing of 10Q. Hopefully it comes out on the 20th with good news or update on latest Asher funding. Me thinks Asher will be gone by January.
yes i do know. i used a one time transaction just as an illustration. the stock traded up and down and even reaching 9 cents on October and hence the 7 cents. it's a death spiral only if they cannot cut off this maddening financing that is Asher. but my point is, the conversion has been done, unlike what you posted
THERE WEBSITE IS STILL DOWN. Their phone is disconnected. go figure.
Say conversions occurred at .0007 (or so) at 55%.
0.0007
0.55
0.000385
32500
85,000,000 shares (rounded)
Thoses shares were given to Asher which then was sold to the market with market bidding up the price. There was one day where over 125,000,000 shares traded and more millions thereafter. That's the conversion
how is that impossible? September, October volume indicative of conversions. no other logical reason for it.
wrongo. the first was converted in september, which makes 180 days. the second is October, and given the volume that occurred in that month, I believe conversion has already taken place. LOOK at the massive volumes in those months
SAGD company also down now. Maybe they are updating. Maybe HUGE NEWS.. Maybe they didn't pay the bill for web hosting too!
their corporate contact number, per their website. 765-356-9726
call 'em, its disconnected
Isn't anyone concerned their corporate phone has been disconnected? It is the SECOND this has happened. Bill not paid? Hope not.
elaborate: what smoke and mirrors?
SAGD phone temporarily out of service..anybody know why?
again really? they need asher financing to keep current with filings? so they need thousands and thousands of dollars to do their filings? ain't that hard to do filings and doesn't cost that much. what exactly did he ask about split? should they or should they not? lend us your financial expertise..it's common knowledge that after reverse split, stock goes down further...
what is your expertise such that the casual asking of a reverse split causes you to stay away...from what i gather, ray was just casually asking
really? why would he ask you when he there are lots of financial experts around?
why was it a tough day? it was actually pretty good. you dont ever want a stock to skyrocket straight up cuz it will immediately go down. that's a pNd. seems to me that it was more like small profit taking with individuals getting in as profit takers keep the price down. company has not sold stock and asher is not a major shareholder.
What Pump? If anything company is exteremely conservative. Talk to mgt and they will not say anything other than when they broadcast news. What dump? Any links to where the company has been selling? As far as I know, the company has not sold. Asher is not holding stock either. Otherwise filings would be required.
And so? Rehashing the same cutout like other previous posters is for what purpose? Fear mongering? That's old news that you just posted. And any interpretation of it is just wild speculation. One poster even implied that "shareholder" means Asher. Contextually, what is meant is the shareholders as a group or body. I.E. "an American" means all Americans.
How will it be a killer. That's a very small note and SAGD is slowly weaning itself from Asher. See the trend?
really? what makes you say so? anyone in penny stock trading knows how risky it is...so what is the point
I believe the pace or quantity ($$$) at which Asher is being used will be curtailed
Have you read audit statements before of companies struggling, even on the NYSE, Nasdaq? What was stated in the 10k are standard/form statement for companies whose viability are of question.
Not a rosy picture, but anyone who has followed this stock for a while would have already surmised that the financial would have been bleak. That would have been obvious, even before the 10k filing. The $118 at the end of June is indicative of why they have had to resort to Asher financing and hence the current round of conversion. The issue going forward is what they are going to use for financing in lieu of Asher? If they can get financing other than Asher or JV somehow, off to the races.
Not rosy, but the tone of your posts borders on inflammatory.
What "many other" ways to dilute?
I differ. He is transparent and when he decides to issue a PR does not depend on anyone's timeline. Why issue a fluff PR just because a perceived timeline has been passed?
I did get an answer and I'm satisfied with the answer given.
call company; they are very accessible and forthright
I believe its nothing to be overly worried about
I believe there was one Asher financing due end of June. Hence the big volume today. This will probably trade around this range for tne next 3 months and may drift a little lower if no updates are provided. There is another round of Asher financing I believe later in September