That Tangiers 8k was back in April BEFORE the big spike to .02, as we are well aware tangiers is a notorious dilutor but to assume that they stuck around and held the stock on its accent to .02 and didnt sell into that momentum is just plain dumb, its relatively safe to say Tangiers is done. They had 51 million shares to dump, in the two month accent to .02 100's of millions of shares were traded. I'm confident they were somewhere in that mix.

Not really insider info, lots of people got confirmation via Twitter and emails that KJ is actively focused on multiple different operations and the CFO is actively working on fins, restatements first followed by K and Q's

Jerry was left man on an island when his team of flippers underdog and Carlo got bought out by camels 2 mil share buy. Great close today at .013! Just a hair above 50ma, blew through resistance at .0114/5 and great volume! Adx pinching, Trix flipping all good signs!

Not enough juice to break 50ma, knocked back down right at .0128

"Pumped hard" with 2 million shares traded lol! Did you get totally bought out, cuz it's obvious you are one of the ones posting big blocks on the ask to create selling pressure

Has anyone contacted Kassab or Padgett services directly to see if they can get updates from them? I imagine they are not privy to divulging that information but never know might be worth a shot.

Looks like there is still about 700K at .011 that wants out, after that hurdle is crossed then sights are set on .0115 short term resistance

For sure yea definitely agree, they did bury themselves pretty far down that hole with the financials, all in good time...

Volume is bone dry, its obvious everyone is sitting on the sideline awaiting the same news, if we could just get some that would be great. We are now 2 days into the week with still no restatements that were promised last week which means its relatively safe to assume K and Q's are not coming this week and possibly not even next week. Anyone hear anything confirming or denying this?

Interesting trading going on in last 10 min of the day with good support not allowing 400k dump to break the .01 support, not sure why they waited all day to drop the shares but they were absorbed real quick, just over 600K traded all day and it was doubled in last 10 min

I think camel bought them out with his 2 mil purchase cuz a certain mod hasn't posted since that point and our other favorite "Seinfeld" hasn't either, with no flippers the sells went poof too now we just await on buyers

I think you guys may have it twisted a bit, its not that he is not delivering when he says he will (he's been pretty good at producing 8ks when he says he will), its that he gives these flippers a road map of how long they have to manipulate the stock price. That's the big issue, but we have all known the real gains will be a waiting game. I wish he would just surprise everyone with the big news instead of giving a two week heads up and allowing these guys to play with share price. But alas if you believe in the company this is also your opportunity to pick up cheaper shares. IMO

Have the shares been issued to the Chinese or are they waiting until after the reverse split to issue them? Cuz it doesn't make much sense to issue then RS them

Highest volume day in over 6 weeks and it closed basically even. Very odd of a "scam" to have a close at even when it's got such "high" relative volume. Let's call a spade a spade, there is a group of flippers manipulating price using the lack of financials and low volume over the last month to flip for 20-30% gains daily or every couple days. I watched as some schmuck posted 775K shares at 97 to create a wall then left his buddy out to dry when he thought the coast was clear leaving 123K at 97 which was bought out only to have his 775K reposted. It's a team strategic flip, not a scam.

Two things gotta happen first: fins have to come and spread needs to decrease, 5-8% spread gonna scare off a lot of buyers

Not sure why but multiple people answered your question incorrectly so let me clarify because I too have the same question. He is NOT asking about tranche 2, we all know that will come after a set of milestones are completed. He IS asking about the 2nd portion of the tranche 1 payment which was split into 3 equal portions of which only 1 has been paid thus far. In large part I don't think anyone here will know the straight answer but you never know and would love some insight.

So between the two 8K's recently it looks like there are agreements, and payment plans, totaling for roughly $400,000 in convertible notes? And that all of these will be paid off come August 8th as that is when the last payment for the largest of the notes gets paid?

Another double top?!? Geez what does it take to give this thing legs to get to the next level?

I agree, I believe lots are sitting on sideline for a couple of things, tighter spread, break of 200ma, break of .02 with convincing volume. Lots of traders like breakouts but they love breakouts with good volume. Soft breakouts don't attract as many eyes.

Bid support looked good end of day but not enough ask slapping volume

Would be interesting to close on resistance like that going into tomorrow, key levels to break will be resistance 0.0185, the psar flip at 0.0189, 200ma daily .0193, resistance/psychological .02 level, then 0.025-0.0253 (resistance and 50 period weekly), if the price action stays bullish, we are maybe 2-3 weeks out from golden cross

Lots of funky manipulation going on right now to get someone in under 0.017

Agreed that's what I gathered from all the prs

To sell now is just stupid, Kevin has about $400-500k at his disposal for a stock buyback, the shares you sell you will never see again

Not familiar with how the buyback protocols work but I would rather Kevin just sit on the bid absorbing shares from flippers and never giving them back, let normal momo run this up

That triple top is a nightmare for charting purposes and technicals

I have some questions I'd love to get some feedback on:

1. The allocation of 500k toward buyback for each "chunk" (3 in total I believe) of the 1st tranche payment equals roughly $1.5 mil (across all 3 "chunks") to be applied toward buyback of the stock correct?

2. The 1st tranche was for 36 million shares at a valuation of $0.104/share and "assuming" the 2nd tranche is the same number of shares at the same valuation, this in total is suppose to equate to 51% of the company right? That would put the OS at somewhere around 140 mil shares when all is said and done? How do they intend to get the OS that low before the reverse split as I am sure the same split would effect the SPA shares as it does everyone else.

Would like to see the spread tighten up a bit, 5-6% spreads are killing this thing because it keeps big money on the sidelines.

Price action looked just as it was suppose to if you ask me, price moved just under upper bolli, and rsi came back to 70, stoch cooled off a bit too, maybe one more sideways day if not tomorrow before moving up to tackle the 200ma at .02. Lots of price manipulation today with all the 1-3k buys and sells. Accumulation is the key, let the manipulators do what they will, buy and hold till buyback rockets this thing.

The morning sellers crack me up...what are you thinking? A couple hundred thousand shares going to create a panic sell? The ceo bought at 8 cents last year, the first tranche has been processed, he's in China expanding, Cameroon is in process, domestic ventures on going and a share buyback is literally around the corner! Just seems silly to me to sell and try to dump price then come on here and bash with old dilution or just nonsense. Just my two cents.

Volume before price, yesterday's action was textbook

Clearly, except for the fact that you contradict yourself in that statement that "they don't care about potential" but "stop selling when there is release of significant news." Which basically, means that they do care about profits and pps, they just aren't willing to wait, which brings up the question, why would the company release any positive news in a timely fashion knowing full well that any uptick will just lead to a flood of dilution?

The puzzling part is the amount of dilution, why would any note holder convert at these levels "knowing" the potential and "deals" in the pipeline. I get the fact that profit is profit so take your money and run but just doesn't make much business sense to settle, these aren't day trading, flipping note holders so just doesn't add up to me.

I gotta imagine that the Chinese money would be in the bank before the 10th when they have the celebration. Kinda hard to celebrate with no money in the bank

You would hope that would work but amateur hour here has these guys dumping into bid and crashing the share price

What I wanna know is who's picking up all these shares, I mean sure they are converting shares but we are talking about millions of shares that have entered the market in this 35 to 5 range, someone has to be absorbing these shares

anyone see the 4 mil share trade a few min ago?

4's? There still 58 mill of 3's to go around...one step at a time

True, but regardless a bunch more buying will be needed to get it there so lets see if that volume shows up