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When you see that kind of drop in one day, that is a massive exit.
Curious thou that a short squeeze may entail. I am not sure but I think this stock may have liquidity restrictions. If someone sold more than 20% of average float of past 20 days a forced buy in could result.
Great!! How do you know?
Thanks
Does anyone know if FMNJ is working on getting their 15C211 completed.
Arguements? It is a statement, notice the word hopefully, considering the stock has been under pressure for about a week. I do believe we all want the company to progress and the stock price to appreciate, I know that is what I want, isn't that what you want?
ugh...hopefully FMNJ is progressing and gets going soon!
I hope this stock can get back above .02.
Great volume yesterday but went south instead of north.
It broke thru previous support level of .02
Nice volume but we are going south instead of north :(.
Great DD!! I can't really read the claims, what do the claims comprise of , what kind of minerals? Thank you
doesn't look good right now.
Hardly any volume and having a hard time keeping at .02.
Volume has dried up...hope interest gets back into the stock and they can get this up to .10-.15 range. Good news no one is pounding the bid.
Hopefully FMNJ can regain momentum and start moving up in price and volume!!
There does not seem to be to much liquidity anyway...a large amount of shares hit this and it probably falls back to .001. Whoever has big blocks of stock will have to sell it very slowly and disciplined..
hmm.... makes sense. So no new shares can be deposited in stock cert form.
Hopefully the OTC drops that yield soon? Wonder why they have not dropped it yet? Good News the quarterly is up so...they seem to be current!!
Come on OTC drop the yield!!
I hope they get it up too.... hate to get a stop put on it after them just getting it to this point....that would be a big shot in the foot...
We are waiting for that move..
Been a week and the yield still has not been removed. Starting to wonder why OTC has not updated it yet or if they are going to.
LOL... what the truth hurts... you don't get it or you do get it and you are trying to discredit it.... what I wrote is pretty straight forward...if you can't figure it...oh well... I can say my peace...I already have my sell order in... so continue with what ever you do...be it a paid pumper ..promoter...what ever...
The number you need to look at is how many shares in DTC now. That will tell you if the float has increased. The share have all been issued out already...the question was how many shares were aged so that restrictions could be removed and deposited?
More selling then buying....I should have sold last week, but I drank the cool aid... I wanted to see how long it would take for the selling pressure to hit once ENMI was updated on pink sheets. At that time, people who had stock certs could then deposit them. It would take only a few days to get in the system. The timing fits.... if this does not show upward today I am out as I will figure that more selling pressure as people with stock certs now deposited will be looking to exit. There does not seem to be enough interest to offset these new shares coming into the system. I would be curious to find out what the current share count in the system is.
i hope this recovers tomorrow. the fact that it got slammed today on heaviest volume...worries me, the fact they closed it at .08 worries me even more.
very quiet today....
very quiet today...
Great!! Hopefully the stock can get back above .05 again and start building momentum!!
They have been waiting for that attorney letter for a long time! Not sure if they are ever going to get it.
They can't answer e-mails about material changes to the company.
Material changes must be made via press releases or some other avenue where the investing public has access to the information at the same time and they have to be made in a timely manner.
Otherwise it opens a pandora's box of insider trading, market manipulation, etc...
I would be very surprised if they answer an e-mail unless the information is already public and restating that information.
The company you referred to has a symbol of AMLM and trades already. So I doubt that is it.
lets look at this logically....what happens when there are no stops and yields on a stock? Stock certificates can now be deposited in the system. Question is how much is going to get deposited and if there is a program to push it or they just going to let the stock get crushed...if they push it to absorb what is getting ready to hit the system...then it may run...probably to a .20 range before the bottom falls out...if they don't, then the bottom will fall out and .095 was the high. I think there is only 3 brokerage houses who will take this stock. Then when you trade it you have to be careful of the clearing house and that they don't hit you with illiquid charges...so you can't really sell more than 20% of the volume or you may get hit with these nasty charges or even a forced buy back. Increases the risk and the expense of trading these stocks...as for me...I will keep an eye and see if it can regain momentum or if that was it.
Yup.. that is what is needed is the letter from the attorney..there was a twitter made back on the 12th said they were close to having it posted...perhaps even that day...
wow... have this in my account for years...forgot I had it...then a couple of weeks ago, I noticed there was a plus in the account I have it in...told my wife this hit .05 ..she said dont sell it... glad I did not...not a big position...but this is great!! Hope it keeps going...
Anybody have a clue when the letter of opinion from the attorney will be posted?
Great to meet you!! All I am saying is keep it all in perspective...it is a pinksheet stock with a yield trading at .03. It is what it is...where they go from here...can be another story... High Risk-High Reward.
Your funny, It is a .03 pinksheet stock. Not a major stock on a major index. Heck, Plug had to come out and admit their financials are wrong. Globalstar has mistated their financials in the past. Got burned on it and I don't remember how many times companies have mistated their audited financials on the major indexes. Gave improper guidance etc... and these are major companies on major indexes that have market caps in the billions. The most recent one that comes to mind was PLUG Power...their stock ran from 3.00 to 75.00 this past year, they had to come out and admit their financials were incorrect and now they are at 28.00..and still dropping. Keep it all in it's proper context, FMNJ looks like it has been resurrected and looks like all is progressing.
Great news...but that attorney letter needs to get posted so the yield can be removed...
You think you will know when they will get the attorney's letter of opinion? You think they will get some market makers? You think this has a chance of getting back to .06 + and staying there?
isn't the annual report due in a week? then back to stop if not posted..
The twitters from FMNJ made alot of clarifications.
I am not sure why they had to change law firms, but it does take time for a new attorney to review notes and the previous attorney work or sometimes they just start from scratch, it will take a little time. The last attorney letters is from 2015. Not sure if they need one from 2015 on or just the current year-2020. The reality is that the annual report needs to be uploaded just to keep the yield status. When the get the attorney's letter, perhaps then they can get some market makers as well. A 1 year forecast on revenues and gold production as well as some probable reserves if it is an alluvial mine or proven reserves if it is a hard rock mine would be nice!!
The twitters from FMNJ made alot of clarifications.
I am not sure why they had to change law firms, but it does take time for a new attorney to review notes and the previous attorney work or sometimes they just start from scratch, it will take a little time. The last attorney letters is from 2015. Not sure if they need one from 2015 on or just the current year-2020. The reality is that the annual report needs to be uploaded just to keep the yield status. When the get the attorney's letter, perhaps then they can get some market makers as well. A 1 year forecast on revenues and gold production as well as some probable reserves if it is an alluvial mine or proven reserves if it is a hard rock mine would be nice!!
and say what? They are directed by fmnj in regards to his services not by a shareholder.
When do they have to post the 2020 annual report? I think they have 90 days? Not sure thou, so they need to get that done before this month is done.
Looking up the OTC, The attorney that FMNJ has listed is.
KAGEL LAW A Professional Corporation 1801 ... - OTC Marketswww.otcmarkets.com › financialReportViewerPDF
Mar 12, 2018 — KAGEL LAW. A Professional Corporation. 1801 Century Park East, Suite 1201. Los Angeles, CA 90067. TELEPHONE: (310) 860-9975.
I did not see an obituary for David Kagul. In reference to the post that said they have to find a new attorney because their old attorney died.