Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Like tumbleweeds blowing through a an old ghost town. I hear ya dberet and anytime management wants to actually give us something to discuss I'm all for it. Unfortunately I stopped reading the twitter updates because it's the same as a tree falling in the forest.
Unless we're talking about the tree on the GEICO commercial then that's totally different of course. Here's to a real update and cheaper auto insurance for all ;)
Unless your an insider or a consultant for the company then you made out quite well.
The index needs to be paired down to companies that meet pre-determined requirements and reporting standards. As of now they all make the cut which is unfair to those companies that retained auditors, registered their shares and currently operate under approved disclosures and fair corporate governance
And the current spot price makes retrieving that silver from those cell phones unprofitable.
Hopefully I won't have to repeat that again as well ;)
Then proof of the transaction and ERBB ownership shouldn't be a problem. I just assumed shareholders would want that kind of protection but hey whatever works right?
Yea that was a good speech by JP
I just got a new phone and there was preloaded app called "ISIS WALLET" lol
Seriously? Google play now shows they are changing the name to Soft.....??? Something or other but I was like wtf????
Believe it or not there are those that actually want to know about their investment beyond the "I can see it, and were gonna be rich". If my comments offend any ERBB shareholders I apologize that was not my intention. But these questions should not have to be asked rather management should be front running much of this already.
These are all standard questions EVERYONE should be asking. Management owes you guys a response on what the future brings for the mechanics of this security. The Nasdaq does not allow everyone to list because they meet some minimum share price threshold. They deny securities a bid to list all the time and its the decisions made by management now that will impact the extension of that bid to list on a national exchange
Remember these shells are like elephants they have memories and national exchanges don't like how management is raising capital at the moment. They certainly don't like the fact that management has yet to retain and disclose an auditor. This is all part of the fiduciary responsibility management has to you guys the shareholders.
That should be there number one priority and no judge and no securities lawyers will disagree with that statement.
He will tell you the same thing I'm telling you
There's nothing that legally binds those patents to this company aka security ERBB. If you knew anything about securities law and due diligence you'd understand what I'm saying. An SEC filing in the form of an 8K would be sufficient but the company chooses not to file.
So they PR'd it? Well whoopeee that's worth what exactly? Its a game and it's played every day down here. One day you'll understand I'm here to help you guys make management accountable.
They are taking your equity and cutting deals with other people in the name of business. Ok so they need to prove it you because right now....legally speaking..... you guys have nothing
Yes sir it's difficult to raise capital without it. Management appears to govern themselves with a style over substance pholilosophy
Thank you. If and when management decides to file with the SEC all of this will have to be disclosed and documented as these declarative statements have already been made by the company.
Actually I was referring to managements plan to monetize these patents. Who did they retain to enforce these patents? When will they begin filing the complaints because companies and businesses are not going to just give up revenue if they don't have to. How is the company paying for outside counsel?
There are a lot of questions shareholders should be asking and demanding answers because as you know a solid foundation in a developing market is essential to success.
Honestly I'm just trying to help
But revenue recognition tells the investment community exactly how a company makes money. Don't you think current shareholders would want to know this information?
When is management going to disclose their Revenue Recognition Model for this stream of income?
Yea I have seen that data and its a shame the Afghans can't come together and leverage this resource. No doubt its on China's radar as the Chinese are hot for Rare Earth Minerals
Good to know thanks for posting
http://wallstreetonparade.com/2014/09/state-treasurers-panic-as-big-bank-liquidity-rules-set-for-release-today/
By Pam Martens and Russ Martens: September 3, 2014
The Federal Reserve Building in Washington, D.C.
The continuing perversions and disfigurement of an entire nation’s financial system to accommodate insanely complex mega banks – the same ones who brought the country to the brink of financial collapse six years ago – takes center stage in Washington, D.C. again today.
Because Federal regulators do not want to have egg on their face if one of these global behemoths has to be rescued by taxpayers again, the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency are set to release new liquidity rules today. The rules will redefine the types of liquid assets these giant Wall Street banks must hold to meet the new Basel III Liquidity Coverage Rule set by the international banking body known as the Basel Committee on Banking Supervision, a group made up predominantly of global central banks.
The Federal regulators are expected to adopt rules that put a heavy reliance on banks holding short-term U.S. Treasury securities, one of the most liquid security classes around the world, in order to meet a bank run or credit crunch lasting 30 days.
The state treasurers’ panic over the rule is justified. According to press reports, the Federal regulators may exclude municipal bonds issued by states, counties, cities and school districts from the category “high quality liquid assets” (HQLA) which could be easily liquidated should a mega bank experience a run on its assets. These municipal bonds fund critical projects like roads, schools, and bridges. Given the deteriorating infrastructure of the nation, these new rules may critically impact the economic interests of the U.S. while regulators show growing fealty to the wishes of foreign central banks.
In a January 31, 2014 letter to the Federal banking regulators, the National Association of State Treasurers could barely contain their outrage, writing:
“[Banks] are an important portion of this vitally-important market, and their absence would be detrimental to its efficient functioning. We believe that the immediate and direct consequence of this exclusion to municipal issuers and their taxpaying constituents is unnecessary, and in many instances unbearable, increasing the cost of financing desperately needed [projects] for repair and replacement of existing municipal infrastructure. Such public works projects are critical to a vibrant and expanding U.S. economy in an increasingly competitive world-wide economy…
“The Federal Reserve currently accepts all municipal securities (not just those that are rated investment grade) at a 2%-5% haircut when pledged at the central bank, depending upon the maturity of the securities. Thus, the Federal Reserve already acknowledges the sound credit, diversification, and liquidity value of municipal securities by accepting them at the same haircut as U.S. agency securities and GSEs and at better haircuts than U.S. corporate bonds (which would be included as HQLA under the proposed rule)…
“We also protest that the proposed rule would permit foreign sovereign state obligations to be categorized as HQLA, while obligations of the 50 U.S. states and their various political subdivisions would be excluded from consideration in any category of HQLA. Such a dichotomy would discriminate against the U.S. states and their political subdivisions and effectively penalize regulated companies for servicing domestic public sector clients…”
The liquidity rule coming out of Washington, D.C. today will show just how much hypocrisy the Federal regulators are capable of. If corporate bonds are included in the high quality liquid assets category but municipal bonds are excluded, they’re capable of extreme hypocrisy and hubris. Here’s why:
Municipal bonds came through the Great Depression with an extremely low default rate. General obligation municipal bonds are backed by the full faith and credit and taxing power of a jurisdiction like a state or county or city while municipal bonds issued to finance a project are classified as revenue bonds and are frequently backed just by the revenues of that project, such as a toll bridge. Clearly, general obligation municipal bonds that carry good credit ratings are generally safer than revenue bonds.
The municipal bond market is huge, roughly $3.7 trillion. However, municipal bonds are not just in the hands of large institutions like banks but also in the hands of mom and pop investors all over the country, frequently in lots as small as $5,000 or $10,000 or $25,000.
In the midst of a bank run or credit crisis, where a mega bank needs to instantly raise cash to meet outflows of $10 billion or $100 billion or $500 billion, the muni market with its wide spreads and fragmentation is not going to come through in the clinches.
But neither is the corporate bond market – in fact, that market could trade even worse than the municipal bond market because just what a corporation is worth comes under great questioning when its stock is plunging in the midst of a credit crisis.
The final hypocrisy is the Federal regulators’ proposition that a bank experiencing a bank run needs 30 days liquidity to weather the storm and make alternate arrangements. As recent experience has demonstrated – if one of the monster mega banks gets into serious trouble, it’s going to be drained of its saleable assets in one week’s time because of collateral demands from counterparties.
The Federal regulators should not need to be reminded of what happened to Citigroup in the week of November 17 to 21 in 2008. As Wall Street On Parade previously reported:
“Citigroup was showing serious strains in 2007 but the meltdown came the week of November 17, 2008. On Monday, the firm called a Town Hall meeting with employees and announced the sacking of 52,000 workers. On Tuesday, November 18, Citigroup announced it had lost 53 per cent of an internal hedge fund’s money in a month’s time and that it was bringing $17 billion of off-balance sheet assets back onto its balance sheet. The next day brought the unwelcome tidings that a law firm was alleging that Citigroup peddled the MAT Five Fund as ‘safe’ and ‘secure’ then watched it lose 80 per cent of its value. On Thursday, Saudi Prince Walid bin Talal, a major shareholder, stepped forward to reassure the public that Citigroup was ‘undervalued’ and he was buying more shares. The next day the stock dropped another 20 percent to close at $3.77.
“All told, Citigroup lost 60 per cent of its market value that week and 87 percent for the year to date. The company’s market value went from $250 billion in 2006 to $20.5 billion on Friday, November 21, 2008.”
Having already received $25 billion in taxpayer bailout funds, Citigroup then got another infusion of $20 billion, more than $300 billion in government asset guarantees, and secret back door loans from the New York Fed of over $2 trillion dollars – much of which was at interest rates below 1 percent.
The incredible tale of hubris by our banking regulators in propping up Citigroup to threaten financial stability again another day has been painstakingly pieced together for our readers in “The Untold Story of the Bailout of Citigroup.”
Which brings us to today. Citigroup has flunked its stress test with its Federal regulators, has been found to not have a credible plan to unwind itself in an emergency, and who is potentially going to pay the price for this mess: the nation’s state treasurers and schools, and roads and bridges which had absolutely nothing to do with bringing the country to its knees in 2008.
Yea man I was also surprised to see Rare Earth Minerals so abundant. I thought this was interesting:
http://en.aup.nl/nieuws/94-more-international-success-for-middelkoops-the-big-reset-.html
Speculative for sure but worth a look imo
That is just idiotic on many levels and tragic on all. Btw have you guys seen any of the new NRA commercials? If you have not youtube them I'm sure they are available. Saw one yesterday on Fox with a Navy Seal and man it strikes all the right chords
This is a well capitalized reporting shell. Maybe they got something maybe they don't but at least folks on this board are rational. I even missed our resident patron that's here for the turds and giggles
Spend a few days on "Snickers Central" weeding through that disaster and you'll appreciate the redundancy here. Like I said this will run navy as they all eventually do.
Your welcome Entendance. I don't know how accurate the data is but Rare Earth Minerals seems to be in abundance when compared to the rest of the lot
How's that for irony :)
I got a "new" quarter the other day. It was gold, looked a lot like Canadian currency and truly felt like there was absolutely nothing of value whatsoever inside this coin.
Pretty much the ugliest thing I have seen yet. "Nice job Hussain, maybe you can send some people to finish the job? You know the one where you **** the American people straight into poverty and beyond?
He should write it down on some of that fancy White House stationary that probably costs $5/sheet, fold a paper airplane and fly it into the Oval Office where the "Bumbler in Chief" pretends or rather try's to act presidential.
Maybe his staff can make an extra one for his tan summer suit ;)
Why does the leprechaun shrivel up with his pot o silver? Oh wait there is no silver in this turd so if you own shares it would be game over. Not worried I don't make it a habit of collecting garbage ;)
http://www.visualcapitalist.com/forecast-when-well-run-out-of-each-metal/
I liked this even if its speculative
Anything short of a launch date over the wire and an 8K sounds the same as the last. I didn't bother reading it but I thought this was cool:
http://www.visualcapitalist.com/forecast-when-well-run-out-of-each-metal/
That will make this a multi billion dollar company
I like the brand they are building and the market response seems to be positive so far. Sometimes product interest peters out but what they are doing is not easy. VCIG is first to market and brand acceptance is tough when its not a crowded market.
If a tipping point is reached competition will enter the market and VCIG should be the household name. If there is no tipping point the brand will go down as a fly by night fad and will be seen on that show "what are they doing now" lol
But hey no guts no glory ;)
My thoughts exactly sunshine
I think management's decision to compromise their reporting status did that. Hey I like the products and admire their marketing efforts and accomplishments thus far but that was a bonehead decision.
Yes I am a shareholder but man I'm shaking my head
I'm seeing a technical bounce but without volume it will die
You guys might get a bounce here
Agreed and this too should pass imo. Nervous investors jumping ship and frankly I don't blame them. Gotta have balls of steel to hold one of these long term. I picked up some more shares but I don't like anything that effects a company's reporting status. Big no no and this should have been avoided at all costs imo
We shall see GLTY
Spread is tightening up I wonder if were gonna get a run today
Totally agree BlueSky!
Indeed. You watching the DXY it's starting to look like a pump and dump this morning. Will it blow past 84 or retrace?
I was watching PSLV yesterday and it was trading almost a full % point higher than SLV at one point. I don't know what it means if anything but it would be interesting if Sprot's security separated from spot and more closely followed the physical price today. Just a little speculative fun to pass the time ;)
I'm still watching that weekly chart Bert we are almost within $1 to blast off imo.
You forgot they are also scarce and in high demand