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LOl...my last irrelivant posting got deteled in approx 3seconds...lol...Ok, well this may be more relivant if I may...I posted this on the HGLC board today but did not get any good answers, aside from the usual discection of words, lines, etc...The main point was indeed missed, but let me provide my posting to ask you directly, wheather my imagination is completely off base, you can respond with a hot or cold answer if ya want...even a wayyy cold if it is out there....
From HGLC board:
"Question for the board? If lumb's crew has absorbed approx 90billion shares?, giving them about over a quarter of stockownership over HGLC...my question is...Say the hypothetical scenario presents itself that Lumb buys 100% of HGLC and everything goes as planned...Then, does he not have the power at that point to erase as many shares as he wants (ie. reduced the 300??billion shares number to virtually nothing), hence recreating the value to HGLC from not oweing anything to anyone, but only benifiting himself and his 'equity company'What if he sees that this float is so low that there will virtually be no drop in pps once he takes over, as he already gave 50 million to FFGO to absorb any dropped stocks....Now, if he 'knows something' that 'we' or 'current management' have failed to cough up (ie. current asset valuation of ALL the mining assets related to CURRENT gold prices)...THEN, he could be potentially be pushing for a HUGE profit from pulling this deal off. And 'we' would not be screwed at all, since we have had plenty of time to marinate this whole deal and get in early enough to make a HUGE profit from the buyout...I could be completely wrong, so wanted to throw this out there to get FEEDBACK...And if, he does take to share structure and reduce it, then the market cap 'currently after the buyout' would be irrelivant, since it would be a new company starting from 'scratch'...Hear me out here, now what if this guy has been planning this move for years and his sole objective is to 'take over these assets...He is chasing the same assets that were in his grasp years ago, but at that time there was a HUGE mess of dividends, and such so it did not materialize, NOW, from a business perspective, HGLC assets are ripe for the taking so to speak and he would not do it unless his interests came 1st (which is to make money) even over our interest (we miss out on the HUGE money later, but benifit from the current rise by riding his coattails)...This is all just a guess, and out in left field possibly, but if so, this play is genius in the making...I dont think this one is a scam because 'his' fingerprints are all over the place...jUST me pondering as my account gets bigger. Cheers!"
-Preet
Question for the board? If lumb's crew has absorbed approx 90billion shares?, giving them about over a quarter of stockownership over HGLC...my question is...Say the hypothetical scenario presents itself that Lumb buys 100% of HGLC and everything goes as planned...Then, does he not have the power at that point to erase as many shares as he wants (ie. reduced the 300??billion shares number to virtually nothing), hence recreating the value to HGLC from not oweing anything to anyone, but only benifiting himself and his 'equity company'What if he sees that this float is so low that there will virtually be no drop in pps once he takes over, as he already gave 50 million to FFGO to absorb any dropped stocks....Now, if he 'knows something' that 'we' or 'current management' have failed to cough up (ie. current asset valuation of ALL the mining assets related to CURRENT gold prices)...THEN, he could be potentially be pushing for a HUGE profit from pulling this deal off. And 'we' would not be screwed at all, since we have had plenty of time to marinate this whole deal and get in early enough to make a HUGE profit from the buyout...I could be completely wrong, so wanted to throw this out there to get FEEDBACK...And if, he does take to share structure and reduce it, then the market cap 'currently after the buyout' would be irrelivant, since it would be a new company starting from 'scratch'...Hear me out here, now what if this guy has been planning this move for years and his sole objective is to 'take over these assets...He is chasing the same assets that were in his grasp years ago, but at that time there was a HUGE mess of dividends, and such so it did not materialize, NOW, from a business perspective, HGLC assets are ripe for the taking so to speak and he would not do it unless his interests came 1st (which is to make money) even over our interest (we miss out on the HUGE money later, but benifit from the current rise by riding his coattails)...This is all just a guess, and out in left field possibly, but if so, this play is genius in the making...I dont think this one is a scam because 'his' fingerprints are all over the place...jUST me pondering as my account gets bigger. Cheers!
-PD
did i read mention of 'the boy plunger' aka Jesse Livermore??? He was indeed 'the man' of his era and his teaching are very applicable to current times as human nature never changes and markets react to human emotion...Its those who play without emotion that are the one's who are not blind to the games that are being played by bashers and negative posters...Hopefully, we have all done our homework here, so now its just a matter of the chart consolidating our position to go green...Doesnt matter if it happens at once or a week or a month, as long as it happens, we all walk away happy right? (well I guess the negative guys might even make a few bucks if they get on the train bf take off..lol) There is another good line that J.L. use to say, "Hope is an important survival technique for the human race. But hope, like it's stock market cousins: ignorance, greed and fear, all distort reason...The stock market only deals in facts, in reality, in reason, and the stock market is NEVER wrong-traders are wrong." The way I see it, I bought into this stock when it crossed crucial pivotal points, and since then it HAS indeed fluctuated, but HAS NOT changed trend YET...so why have ppl been so foolish as to sell their positions before the 'facts' are revealed...or until the play is over??Seems many of them have followed their emotions on this play and likely other plays as well...I walked into HGLC after the pivotal lines were crossed, and will only walk away once the TAPE tells me to!!!...Sometimes, I question why I even post to give advice, but then think of the guy who introduced J.L. to me when I first started trading...Good luck to all, as many post have been educational, while others have been pure BS of course!
-PD
Word up. Agreed. GL.
-PD
good luck everyone..Jus hope that we all make $ on this play, including me of course
-PD
bro, im jus here for the ride I try not to focuss to much on it anyways...lol..you nailed it with the last comment...I cant PM back cause im too cheap for a membership..hopefully, this play changes a few things..GL!
-PD
LOL..who u talkin about? S.L. ? Man, at this point I'm not even sure who's who, as there have been SOOO many characters presented as of late? Did you hear the rumor that JP Morgan is now involved? WTF? Who's else is behind the curtains on this one???somebody, anybody...make us some money!!!,,.,lol,,gL!
-PD
Ok i get it, your saying that by S.L. saying it was ancient history, this charge SHOULD not exist anymore right? Well, my buddy gotta charge once for steeling a HMV CD once, when he was young...It never got cleared until he turned 18, although he got a lawyer and faught the charge, and even won and walking without a conviction...Was he a theif until he was 18 or when he was a child? hmmm? And does not a 'summary charge' take AT LEAST 3 years before he could requests a 'pardon'...Then, what is the problem? How did he say anything that caused you worry? I jus dont get where your coming from? Are you an investor? Why is your name all over google and conncected with allegations of 'paid basher' and profesional hedge fund member'? is that another 'janice ' that they are all making reference to? Now, I realize that there are A LOT of rumors out on the internet and many 'documents' can be misinterpreted (ie. this S.L. charge from waaaay back in the days for being too aggressive towards a stockholder. or these dispicable claims about some 'janice' person that is paid to 'bash a stock') Now, I for one will not be led easily to these such claims, and will also give you the benifit of the doubt too janice...Good luck to you? BTW are you an investor here in HGLC? You seem so worried and concerned???Jus curious ? Take care.
-PD
and I take it that your posting was in response to this 'claim ' that I made in my original posting :
"even the scam accusations cannot be concluded YET in the Court of Law, so I will not be jumping the gun, so to speak"
But, you read my response to the link you provided, Right? Then are not the other sections (that S.L could have been charged with) more applicable if he was a scammer? And does being charged with a 'summary conviction' only mean the of ALL the possibilites to charge him, he was ONLY found guilty of the single section FIVE charge (which is a summary conviction) and as I mentioned in my response...It this conviction not the most MINOR of all the convictions possible , and did he not only receive the LEAST amount of disqualification time , while the other more SEVERE charges would have led to a MAX time of 15 years? Then, my point is that...IF Stephen Lumb was a SCAM ARTIST why was the court NOT able to charge him as one???Questions that we all should be thinking about...I mean, Im starting to find it more and more harder to beleive that this so called 'notorious scam artist' has evades multiple countries from being charged and labeled as one...Did you even read the link you sent me? I would LOVE to hear what others think about the points that I have raised here, as Janice has kindly brought of this issue about S.L. once again..And BTW, this claim and analysis IS very relevant to HGLC as it is possibly S.L.'s company bidding for it, then why have some of my posts been kindly deleted once again???I am very confused as to why some post freely, and provide links as well as claims and aligations, but when others disagree with a poster or their behavior, all of the sudden their postings get deleted...is this not a discussion board, so we can discuss our DD and perspective relating to our invested capital? Then, what up wit these deletions? Are we children or underage posting here or are we all adults?
-PD
Ok, but when you go to this link for the reason for the disqualificaton...Why was he charged on the grounds of section 5 only (ie, summary conviction) and not section 4(fraud) or section 9(unfit to be director) or section 10(participating in wrongful trading)...and didn't S.L. say that he was left holding the bag for a particular company in the UK and was left with no paperwork or audit papers and so was caught in a mess with the regulatory body? and didnt he also say the the charge was BS and he was currently in the process of attacking the charge to get it cleared..I know several university students that have been at the wrong place at the wrong time...Do you have any PROOF that SL is a crook or do you jus have these repeat posts that dont really imply much...I could be wrong but what exactly is a summary conviction? and if he was involved in fraud, would that not have be the time to charge him? Unless he WASNT charged for fraud cause there was NO real fraud??Doesnt add up at all? Let me save you some time to extract the point of this link you provided...This ACTUALLY VERIFIED the CLAIM that S.L. is not connected to Fraud, misconduct traiding or any of the other NINE charges that he could have received, since this was a court investigation,,,and as far as I know, THIS is what a 'summary charge' is :
(taken from defencelaw.com/classification.html)
" Summary conviction offences encompass the most minor offences in the Criminal Code. Examples are "communicate for the purpose of obtaining the sexual services of a prostitute," "cause disturbance," and "harassing telephone calls."
"Unless a different penalty is specified, summary conviction offences are punishable by a fine of up to $2,000 or six months' jail or both."
"You cannot be fingerprinted for a summary conviction offence"
SOOOO, was he not given this charge after demeaning a stockholder (although the nature of this stockholder's approach is not verified or documented)..Its a no brainer that the guy has a temper (as evident from his harsh reaction to many of your approched on FFGO board)but does one having a temper mean that they are unfit to drive a company to success and push up the current PPS? Somehow, I am not convinced that your link even proved anything that wasn't already known, but good attempt though..
-PD
Word! Just wanna be around long enough to see the fight, dont care for the victory party afterwards...most will likely be gone with profits and looking for the nxt show to start, be it here or elsewhere! Good luck.
-PD
I hear ya,,,most of the talks on both boards are indeed chatter and irrelivant as this IS a new and current play this is reaching a climax...he run before the plot thickens or is revealed could, in my opinion, have the opportunity cost of a lost of good gains...Well, cheers to us and the rest of the supporters..Personally, Lumb may appear as a villian, but I sometimes like the villians in a stories plot more anyways,,,lol..Waiting with my finger on the buy/sell finger either way :)
-PD
Agreed, things defo have a lot of potental...If this Lumb character is legit, than the current setup is rather briliant..I mean, what if...he had this set up ALL along then this would be the best time to strike HGLC , at a fracion of the true value, and seize the SAME mines back that his company owned holdings in back in the days...and they were prol given at a much higher premium than the current bid offer ...No wonder HGLC management are scrambling...cause they know their screwed...but that doesnt mean that we're screwed as well..In that, we might befifit as shareholders to finally get some aggressive leadership as Lumb is showing that he can get things done and fast..I say, this current management has had enough opportunity and seem to be showing how timid they are for quite some time...The pps is very low and the PR's have been also weak the last few months. Now if this Lumb fellow thinks that he can step it up and be a leader for this company, I say lets give hime a inverwiew for the job and see what he's made of...Dont get me wrong, I am a heavy investor in HGLC right now, as I like the play, and , although I could change my mind quickly as new info becomes available, I dislike current management and do think that it is time for a change...Look at FFGO...Alen addresses his shareholders directly via email...now that's a strong CEO that peaple can rely on...where the heck is our current leader of HHLC? All I see is a group of ppl with their heads in the sand...And now they want MORE time to assess the value of their properties bf telling us if the bid is worth it or not>>>WTF? Shouldn't they already know the worth BEFORE they started pitching the assets in PRs..These guys dont know what they are doing and it is clear,,,Hopefully, witha new leader, they can straiten up their act and make us ALL some real return on OUR invested capital,.,We will see in the coming week. As far as Stephen Lumb is concerned, I really dont mind his moves SO far, as long as mu account KEEPS getting bigger and the PPS keeps rising...I am indifferent to the history because it is not verifiable (this could all elude to this being all a masterplan fron a good,sharp investor S.L. or an equally good,complex con artist S.L.) Either way, I want to see things through, as this is VERY interesting and EVERYTHING is just speculation at this point, even the scam accusations cannot be concluded YET in the Court of Law, so I will not be jumping the gun, so to speak. What do ya guys think? Just my 2.5 cents, if ya know what I mean
PD.
yea, this whole thing is a big headache,,wish these tickers never caught my eye a few wks ago,,apologies for earlier, I jus was tired of all the bashin cause my $ is in HGLC, and figured ya pissed 'the man' off, but ya do good DD AND detective work,,its jus that I already did my homework on sunday, n felt u wuz paid bashing , but it is clear ur DD is much needed also, as everything needs to be acknoledged,,,well best to u! im tired of posting so will b off, but wanted to say sorry bf i went..
ps- im still gonna see this through for a bit though, will be long gone if the sky comes falling.
-PD
correction: HGLC.PK, not HHLC but be careful, either way,,this is as risky as it gets down here in penny land...me thinkin a going back to otc or blue chip after this...lol
ironically, I dun know why? but I like the guy..lol..He reminds me of some kind of super villian...(you know, like the old school riddler from batman, or the joker..Even if ya know they r shady, u still see how clever of characters they are (truth is he aint a crook untill he stole something..right now, my $is gettin bigger, not smaller..lol..yea, he's an arse, but at least he even came online civilly (even if it was for a bit)...man, did you know the rumor that D.Trump wears gloves so that he does not get 'germs' from ppl he meets on the street??every1 has their quarks i guess...(OK THAT WAS MY LAST PLUG IN FOR BATMAN'DARK KNIGHT' AND if ya haven't seen it yet, UR MISSIN OUT..)..lol...Good trading to you to buddy!!!
-PD
yea, from what I recall, you never dug very deep when I asked you q's about the co (HGLC , FFGO)...I never much after that, until sunday (when I went buck wild with DD)...Walkin away is defo a safe bet..power to ya man! Im tryin to see this thing out (currently heavy in HGLC, not sure about this side of the coin yet?) check my recent response to overacheiver...Even if it is what many are contemplating it is, we can still tune skills while playin it sharply..JMO...cheers !
-PD
breharb25, r u in play here ? how about HGLC? dont have 2 answer of course...jus curious cause I remember sending u a question once on the hglc board.
-PD
Response to overachiever,,dont read otherwise,,and it is indirectly related to this stock, so dont delete it either.....Nope, not really...THAT would be a good Q to ask HGLC managment...However, I do have a guess (take it for a guess)...It looks like that forward split was in april of this year...Well, if ya check out the stock chart for HGLC during that time, it was sinking rapidly...Now, whoever came up with a forward spit idea thought it might help PPS, but clearly it still sank hard..Would a forward split mean more stock distributed and further dilution? And wasn't that the same time the 1OObillion shares were already distributed from the HGLC managment? Im too lazy right now to verify dates, so if im wrong sorry (smile) but that would be an explanation that logically comes to mind. Also, that dividend was only a few months ago, but a lot has changed since then (the price HAS gone KABOOM since then)...I agree, the HGLC managment might 'not be the sharpest knifes in the kitchen' (as i have said bf) BUT i KNOW plenty of smart cats that have done stupid sh..t in their time (Including me),,,jUS MY OPINION, by no means am I lookin to defend the management, I could care less as I dun know em personally, but Im jus seein the play as it is infront of me...My money is in play right now, who cares what stupid sh..t they did in the past, as long as it doesnt happen in THIS play..About this being a scam and all, dude mono-e-mono-I spent ALL of sunday tryin to figure that out (check my history post on HGLC (made a HUGE compilation of finding while zipping through all the posting dating back from JAN08..which refered to the 4 yr history)...Personally, I entered the market knowing that anything could be a scam, but $ could be played in good scams also,,so if it is, i say its a damn good one, and solid enough to be considered legit until proven otherwise...My plan has always been to tune up my skills to a point that it wont matter if anything is a scam, cause if skillfull enough, the volume,price,PPS,chart,trends,should ALWAYS reveal the truth MUCH sooner that when the common sheep find out...BF,starting to trade, I read 'JESSE LIVERMORE'-he may have been from 1920's, but if ya think about it human emotion has not changed much since then...fear,doubt,greed,impulse,are always gonna be around..Jus gotta decide if ya wanna be a shark or a sheep...jus my 2 cent, since ya asked what I thought..Cheers! As livermore would put it'follow the trend, the trend is ur friend, but 'never trust anyone with ur dollar'so in the end doesnt matter if it is a scam, that should not change ur trading style and if not a scam, then that is by far no reason to feel at ease either..plenty of ways to loose coin in the market from legit companies too...Whenever, I need reasurance in an investment, I buy real-estate, not stock, cause the trend there is ALWAYS been up from the decade to decade perspective..
Nope, not really...THAT would be a good Q to ask HGLC managment...However, I do have a guess (take it for a guess)...It looks like that forward split was in april of this year...Well, if ya check out the stock chart for HGLC during that time, it was sinking rapidly...Now, whoever came up with a forward spit idea thought it might help PPS, but clearly it still sank hard..Would a forward split mean more stock distributed and further dilution? And wasn't that the same time the 1OObillion shares were already distributed from the HGLC managment? Im too lazy right now to verify dates, so if im wrong sorry (smile) but that would be an explanation that logically comes to mind. Also, that dividend was only a few months ago, but a lot has changed since then (the price HAS gone KABOOM since then)...I agree, the HGLC managment might 'not be the sharpest knifes in the kitchen' (as i have said bf) BUT i KNOW plenty of smart cats that have done stupid sh..t in their time (Including me),,,jUS MY OPINION, by no means am I lookin to defend the management, I could care less as I dun know em personally, but Im jus seein the play as it is infront of me...My money is in play right now, who cares what stupid sh..t they did in the past, as long as it doesnt happen in THIS play..About this being a scam and all, dude mono-e-mono-I spent ALL of sunday tryin to figure that out (check my history post on HGLC (made a HUGE compilation of finding while zipping through all the posting dating back from JAN08..which refered to the 4 yr history)...Personally, I entered the market knowing that anything could be a scam, but $ could be played in good scams also,,so if it is, i say its a damn good one, and solid enough to be considered legit until proven otherwise...My plan has always been to tune up my skills to a point that it wont matter if anything is a scam, cause if skillfull enough, the volume,price,PPS,chart,trends,should ALWAYS reveal the truth MUCH sooner that when the common sheep find out...BF,starting to trade, I read 'JESSE LIVERMORE'-he may have been from 1920's, but if ya think about it human emotion has not changed much since then...fear,doubt,greed,impulse,are always gonna be around..Jus gotta decide if ya wanna be a shark or a sheep...jus my 2 cent, since ya asked what I thought..Cheers! As livermore would put it'follow the trend, the trend is ur friend, but 'never trust anyone with ur dollar'so in the end doesnt matter if it is a scam, that should not change ur trading style and if not a scam, then that is by far no reason to feel at ease either..plenty of ways to loose coin in the market from legit companies too...Whenever, I need reasurance in an investment, I buy real-estate, not stock, cause the trend there is ALWAYS been up from the decade to decade perspective..
Nope, not really...THAT would be a good Q to ask HGLC managment...However, I do have a guess (take it for a guess)...It looks like that forward split was in april of this year...Well, if ya check out the stock chart for HGLC during that time, it was sinking rapidly...Now, whoever came up with a forward spit idea thought it might help PPS, but clearly it still sank hard..Would a forward split mean more stock distributed and further dilution? And wasn't that the same time the 1OObillion shares were already distributed from the HGLC managment? Im too lazy right now to verify dates, so if im wrong sorry (smile) but that would be an explanation that logically comes to mind. Also, that dividend was only a few months ago, but a lot has changed since then (the price HAS gone KABOOM since then)...I agree, the HGLC managment might 'not be the sharpest knifes in the kitchen' (as i have said bf) BUT i KNOW
IF hunt issued more shares since the date of that PR, then would not FFGO's percent go down?
-PD
LOl...why do I feel day-ja vu all of the sudden...LOL..stop double posting man,,,ur crackin me up..u even made me do it on the last one to you...I left a funny joke for ya on the other board...Cheers!
-PD
I hear ya bud, looks like you may not need the paddles for this one, cause we might be coasting upstream for a while...Get a surf board instead and get ready for the wave,,,lol..cheers!!
-PD
Yea, but that doesn't explain Stephen Lumb's activity on the FFGO boards...He lost his cool and then retaliated with threats to take over the voting right of FFGO, then attack HGLC, your story has someone else as the equity fund that is responsible for the change of control, but it was stephen who called it the night before???And if its not him, then how could he know about it, since such a big move would be kept on lock down till the takeover was complete? He even insinuated that 'the one who controls all the restricted shares is the one who runs the show'...He had made it clear that he runs the show,as he will soon be major shareholder, and if its someone else, then who would he have such blind confidence in his ownership soon??Makes more sense the other way around that Stephen Lumb is 'behind ' equity fund...and it is stated that the same equity fund after voting rights of FFGO is the same one bidding for control over HGLC...And there was a posting on the FFGO board today which stated a confirmation email from Alan Santani himself which made it clear that he knew the CEO of this equity fund personally, as well as the controlling shareholder of that equity fund....hmmmm? who could this posible controlling shareholder of this mysterious fund be??One who's CEO and controling shareholder have close ties with Alen directly???Could it be......Stephen Lumb??Guess we will have to see in the coming week...But how many pissed off billionaire characters have stepped into the room as of late? Could it be coincidence? Or is there another aggressive rootin tootin pissed off billionaire that has yet to be revealed??? sh...t, this is better than 'The Dark Night'(Ok, maybe not,,but it is addicting and suspenseful)...Cheers!
-PD
Yea, but that doesn't explain Stephen Lumb's activity on the FFGO boards...He lost his cool and then retaliated with threats to take over the voting right of FFGO, then attack HGLC, your story has someone else as the equity fund that is responsible for the change of control, but it was stephen who called it the night before???And if its not him, then how could he know about it, since such a big move would be kept on lock down till the takeover was complete? He even insinuated that 'the one who controls all the restricted shares is the one who runs the show'...He had made it clear that he runs the show,as he will soon be major shareholder, and if its someone else, then who would he have such blind confidence in his ownership soon??Makes more sense the other way around that Stephen Lumb is 'behind ' equity fund...and it is stated that the same equity fund after voting rights of FFGO is the same one bidding for control over HGLC...And there was a posting on the FFGO board today which stated a confirmation email from Alan Santani himself which made it clear that he knew the CEO of this equity fund personally, as well as the controlling shareholder of that equity fund....hmmmm? who could this posible controlling shareholder of this mysterious fund be??One who's CEO and controling shareholder have close ties with Alen directly???Could it be......Stephen Lumb??Guess we will have to see in the coming week...But how many pissed off billionaire characters have stepped into the room as of late? Could it be coincidence? Or is there another aggressive rootin tootin pissed off billionaire that has yet to be revealed??? sh...t, this is better than 'The Dark Night'(Ok, maybe not,,but it is addicting and suspencefull)...Cheers!
-PD
got ur PM...I don't have PM access (lol..too cheap)but thanks for the reply...I too am starting to get an affinity for that one...(as I was walkin to get a coffee today, I starting pondering what to do with possible gains...It came down to the exact same sentence that you wrote in ur PM...That CEO is running around for months...Got a feelin that he wants things to materialize indeed...They could work on those stupid PR's though..lol...Alright, see ya on the other side, Prisoner.
-PD
Either way, im watchin L2 all week like a hawk ...Do trust the comp so far, but that could change quickly if the charts start telling the 'real story' is different from what is currently perceived..Oh yea, check out FMNJ.PK (tell me whatcha think-it could be a stellar fall back once this play is through, as the timeing is beautiful for 'take off' there quite soon-JMO (just hope that ship waits long enough for this play to unfold..lol)...Adios
-PD
Oh yea, this is indeed a fun ride up
hey prisoner...I posted some links over the weekend after freaking out over the history of the two companies (and wanted to better understand where my $ is headed)...I must say that your post for January onwards were all dead on...Just wanted to say great DD. (and I rarely every complement anyone...Though others have also done good DD, from what I recall, you were the 1st poster on this board and so got the ball rolling, among others)...Adios
PD
well, he did say that he 'likes to taste' bf diving in a deal? Maybe he was trying to feel out the general aura of the investors..Even if he got pissed off, he must have had the plan in the back of his mind (the PR did say the the new shareholder has been accumulating for quite some time)...He just needed some clarity, and it didn't help that ppl pissed him off either...All in all, after his move is done, things might look pretty good...If he makes money, we (HGLC and FFGO) indirectly make money...so be what it may, it defo is a hot play right now!!!
I realize you were giving a theory based on the current demand of .02, but what I am not understanding is a simple concept that I am clearly missing? This is open to anyone to answer...IF the buying company hypothetically offers .05 cents (for arguements sake), then is this offer to pay this amount for ALL of the current companies outstanding shares..Then if that is true, does HGLC not have billions of shares outstanding (including restricted) and then would that not hold a price tag of billions also? Or are the restricted shares not included in the buy out?
RonnieD..I am just curious as to your logic for the possible buyout?
"they're buying up to .015, and won't let go less than .02, complete takeover price is likely .04 or more (imo)"
Does .0X offer relate to all outstanding shares or a portion? It doesn't make sense the way Im looking at it...Maybe you can shed some light as to what a buyout offer price entails, in terms of how much will be paid by the purchaser of a company with X??billions of shares??Would that not have a price tag of $billions attached? FFGO is demanding no less than .02 for the free float shares that they have (4XX million free floating)...Now, that cost for HGLC to buy FFGO shares is much lower than the cost for a company to buy out HGLC entirely, then why is Lumb's group wanting contol over this company? To continue with plans? or strips its assets and pull out value immediately?am i wrong?
-PD.
quick question...IF a buyout happens? Then what will happen to the proceeds from the moly sale ($50M)? Is it just a coincidence that the amount the FFGO is lent for the stock purchases is of the SAME $50M amount? And also, if this equity fund bids for HGLC and takes over, this amount that FFGO borrowed is STILL to be repaid in full, plus 12%interest, by end of Dec OR all HGLC holdings and rights are immediatedly seized...Now that wouldn't be that bad for just a $50M price tag if FFGO were unable to pay it back..But FFGO also walks away with the unused amount of the loan to (so they would not be screwed either)and if the same equity fund takes over, then they are free to cancel that amount from the HGLC float as they wish...I mean, anyone bidding on a company will not bid, unless they beleived that their investment will return MORE in value in the long run...WIth mockingbird still starting in Sept1 and all the good stuff, this whole thing could play out quite slick..JMO....Wanting to see all in the morn and next wk make $, including myself of course
STEPHEN LUMB, READ MY LAST POST..AT LEAST CONSIDER IT..THE WW3 NEEDS TO OCCUR BUT WITH HHLC...I want both companies to rock and roll cause if the pps goes up, ALL traders will benifit...JP MORGAN supposedly made a furture in world war!!So let's get this positive battle for control on and skyrocket both PPS's to oblivion!!!
Mr. Lumb, Hate to step into this song and dance that all these shareholders are bombarding u with, but if you decide to take over FFGO (due to anger from certain poster's comments/rudeness), then what will be of Alan's attempted to battle with Hglc in getting the most for their shareholders? Yesterday, I beleive yo said you were on the fence about HGLC/FFGO? and now want to take over FFGO. Now I am not of years of experience yet, but my wit has allowed my bank account to increase exponentially since the onset of understanding the market...Why not leave FFGO to allen (so he has something to handle now that his position is terminated at HGLC) and if u seek to exert your established rein and power, then who not attach HGLC with all arsenal and take over that rather poorly managed (yet highly valuable asset base mining company)...And this way, every1 seems what ur make of, and all doubt is vanished from these stockholders minds,,,Once u have control over HGLC, and Alen takes care of FFGO (dividens included)...the sky is the limit as to where these two companies can reach and every1 is RICH??? I mean, if Alen is your prodegy and knows nothing about mining, that doesn't mean that u dont either does it? Now, that would be something to awe over...Taking over this company (FFGO) does not prove anything constructive froma business perspective,,,I say forget all the BS taunting that the FFGO shareholders are doing, and come over to the 'dark side (the HGLC side)...God knows we need some aggressive and ballsy leadership as youeself overthere (..the management seems to have aged wine but lack the taste to extract its true flavor)...Adios...
ps...Although u may have lost ur 'cool' on this board as of late, that doesn't mean all effort is 'lost' ...it takes a bigger man to make change and reverse course...Im jus sayin cause I want to influence u to alter gears and kick some HGLC managment arse as well (they tried to 'play ur boy', I would not take it lightly, if i were in such a finanicial position as urself not to take any BS...
pps- get some damn sleep!!!u must be a cyborg..lol..I love it!!
After spending the day reading the old school posts, I must say that I feel more clarity as to the current set up for the company. I have provided links to, what I feel, are the most relevant posts on this board to properly understand the history of this company and where it could be headed..Is it a scam?Is it legit? Dont know..But, it seems that there are not enough facts to warrant that this company is completely false..Is would be more fair to say that the management 'is a little bit slow' when it comes to listening to the shareholders no how to push up the PPS..Now a group of investment groups and large sharholders takeover the company and things finally seem to be getting done..It seems that HGLC is obviously connected to many other companies..It also is no secret that it use to be cld another name, as stated in the PR's...A few yrs ago, when they were involved in other ventures as well, it seems to be victim on illegal naked shorting, where 'boiler rooms' were selling 'counterfit' shares of the company and stealing investors money...Crynik recenting provided a link that mentions of this shorting scam, which is what gave me a myocardial infarct, and pushed me to dig deeper to get the whole picture, however, I was unable to find direct evidence that the company itself was involved in the scam of boiler room pumping..Then to leave this bad reputation, the company decided it would change locations and change names...Does this imply scam? Not exactly, as shell companies change names and hands all the time...It also seems that the vast majority of the companies current holdings were accumulated from many other gold companies. As added negotiations, those other companies seemed to have promised their shareholders dividends (shares)in HGLC as a means to justify the exchage of assets..As seen by the companies extensive list of assets, this involves many companies and the interconnections remain? Does this mean it is an outright scam? Not exactly, as the other companies have great benifit in owning interst, as investment in HGLC, if their assets are of real value in the future and they will ALL benifit if HGLC PPS rises accordingly..It also seems that all those promised dividens have taken quite some years to be delivered to their rightfull owners, and has stirred up a great deal of credibility loss...Like I said, 'not the quickest little bunch thus far'...Then, there's this 'Dr. Phanton' fella, as the older posters call em, that has been taking his dandy old time to re-evaluate these damn properties to current market standards...Then this damn website which still needs to be online soon...Then this recent SEC filing claim...then these repetitive PR's which keep making promises and keep pushing the dates forward. Well, it seems now they are stuck in a do or die situation...As of July 11/08, major stockholders and investment groups apparently took over the company via voting rights and decided enough is enough...They decided something different than the managements plan...Management has seemingly aquired a great deal of assets over the years, but at a cost of massive dilution and drop in PPS, and they have not zero'ed in on producing anything...Then new group decides to sell one (MOLY) mine and use the proceeds to BUY BACK SHARES instead of SELL MORE...Then, use the proceed to fund MINING OF GOLD ON (MOCKING) other properties...This is a 1st and it is supposedly gonna start sept 1st, and the buyback soon also...Well, now they have to go through with this or game over...IS this a scam? Is it real? who knows, but with the complexity of all this asset buying from other companies and buybacks, as well as mining for gold in the near term, this could materialize and if it does...THIS COULD BE HUGE...or if it is a scam, I must say it would be the most complex and integrated scheme i have come across..Either way, game time is now,,and I decided to see things through the finish line untill the CHARTS show otherwise...Take a look at the posts that I have collected from this board and judge for yourself...Its your $ so READ EM ALL..It will help me sleep a bit better Sunday night bf market open knowing now that this baby just left the ground after 4 years and there will be a conclusion no matter what!!!Hope all this helped ease some anxiety for some...Cheers! -PD
-oh yea, almost forgot, thank prisoner, and the old school cats for these wonderfull posts from earlier in the year..just figured others could benifit at this critial time..And also, make sure you read the last few links...It seems that the Dr.PHANTOM is finally found..lol and will give us the updated asset evaluation since he is DONE (it only took em a few years)..and the sec filing are to come soon as well as the website, this could possibly be a good summer for these guys..it is indeed interesting...Another thing, since I hardly post and will likely not do it again on this play,,,STOP selling at these low prices!!!Just think about it, if you sell than the mm's buy at cheaper prices...Why would they even want shares if this company is not valued at a lot higher...I just got Level 2 and see everyday that it is the SAME Fkn mm's that are on both the bid and the ask...then bring it lower,,then the sheep sell,,the catch cheap shares,,then bid higher,,the sheep relax,,price goes up,,then they do it again...IT is total BS and it only happens since most ppl freak and sell too low...if one does not know what one has (ie. diamond), then why would one take the word of someone (ie.market makers)who's best interest is showing you a lower value for what you really have...Think about it,,if ya didnt trade, yes they would slowly drive the pps down...BUT SO, they will be trading to themselves untill the SHEEP react,,if no reaction, your shares will still be at higher value no matter what these fkn sharks try to lead you to beleive...this daily PPS scheme is very deceptive,,Real value is what a stock has a potential to trade at and untill the market puts the stock on its radar, the price will continue daily manipulations...I say fk it, let em...CHASE THE REAL MOVEMENT not the LITTLE RALLY (straight from JESSE LIVERMORE HIMSELF...these movements only come a few times a year, but when they do, they last months,otherwise they are mere rallies, and open to daily manipulation...movements dont end in a day!!) CHEERS TO ALL! -look at what you get out of me when my own money is in jeopardy...lol...-PD
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crynik's, this is to respond to your recent link and info provided about the company's history. First off, it was defo an eye opener. I just bought a large amount of shares a lit while ago, at .0034, then freaked out when wall hit at a penny and sold abruptly due the fast pull back...Then bought back last week at .0032 again...lol..Everything was cool until I read your post and my damn heart sank...I thought "WTF is this sh*t..fk, I knew I should have done more dd bf purchasing", but (as many know,,,when momo moves,,act fast, think later..lol),,Today I decided to sit down with a frkn cofee and follow your link to see where it would take me,,,I think you stopped your dd short and did not connect enough of the dots bf painting a full picture of the co for your fellow posters, and so decided that since I NEEDED to make a choice about this mess bf market open, I had to invest the time and try to dig up what I could,,put simply...everything you mentioned is all in the 4000post's that are posted on this message board, and nothing new to the long term holders...and no, I did not have the reading speed to read em all (with I did though..lol), but noticed that you arrived at post #930 (Friday, july 11th...same day as big hype of takeover of the company)..yes you were optimistic at 1st, but likely did your homework after a few days...I hate to say it, buy most ppl currently holding or watching this puppy also showed up the same days as you, including me)..As anyone who reads the company history, and sees your post this weekend, they might freak out and sell on monday...That would of course be fked up, cause the mm's will gobble up the dropped shares at bs cheap prices...I thought you could be right, or you could be wrong, but then thought what if the company is not a scam?? No one really has a crystal ball of course so the decision to do dd ulimately falls on the individual...Some moron told me on the yahoo board that there is no point in dd since it is a penny stock..I thought, what the hell is this guy taking about,,the truth is alway in the pudding!!!With this company, dont yet know if it is a dud or the real deal,but do see that all this new hype is new, and am willing to see this thing through jus in case the charts dont lie....For the sake of those that dont know, I will post what I found reading the earlier posting #1-930, dating back from jan 1st and dont have all the noise as the recent ones. BTW, crynik, if your gonna drop such heavy links with such huge implication about a company that others are invested in, try to be a little more curtious and try to provide less one sided view nxt time homey...Cheers..I will post what I found in my nxt posting..
Thx for the reply, I posted on the yahoo board also, and will update ya if anything interesting comes out of the 'sniffing around' so to speak...It's really too bad that these pink sheets provide limited info through PR's...Wish there were more effective means of verifying the info as it comes...maybe, we all should take some profit off to hire a private investigator to follow around the CEO...lol (j/j) They definetly have a lot of potential from the sounds of it,,but things NEED to solidify for everything to be less hype and spec, and more certain..oh yea, another stock that also looks promising is FMNJ.PK...Looks like the waiting game is taking place their too!!(could potentially materialize soon) Cheers!!!!
breharb25, I also saw this posting on the yahoo board...I wanted to put it up here as more ppl are involved with this board..however, held back since it was a negative post and I did not want to stir the 'pot'...but, I did check out FFGO's yahoo board and it looks quite messy...I mean, at first glance, all the PR's look good and the buyback strategy seems good and very similar to HGLC, but after reading the posting there, one gets the impression that there are a lot of holes that aren't filled...The shareholders dont look happy and feel that they are being led on by the co and the adress is claimed to be 'shady warehouse'...If these links between the co's, that the poster from yahoo claims,are true, then what's to say that we are not being led along in a similar fashion? You said that FFGO has shares of HGLC, but someone else on this board said that FFGO dumped our shares and caused this downfall in our company a few months ago...I admit, I know nothing of either of these company's as I found this baby a few days ago from an oil co that i am heavily invested in, but am enjoying the nice ride up...as I do more dd on this co, I see the potential, but dont want to be let along foolishly also..Will the board experts step up and seal up this confusion while it is small, instead of just blowing it off as someone bashing...I think the concern is warranted and, if false, then we should prove it to be false, so we can move on with certainty and not arrogance that it is just noise in the background. Thx. Lets make more green tomo