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Only reason the share price is up is due to the puppet masters taking a break for the holidays.
But it will not make one iota of difference in the price of this POS.
Caution required here. This company looks like a dilution machine. Check the filings!!!!!
Spanky, lets just hope the next PR does not read something like this.
1. The rock is to hard, where having a difficult time blasting it.
2. We have blasted the opening but now will take 6 months to safely clear and re enforce the area before work can commence. (heard this one before from another company).
3. Since the crushing equipment has not been in use for quite some time, we are experiencing mechanical issues that will further delay processing.
Maybe, hopefully, the next news will be good. But the history of delays with NBRI is a problem.
I am a shareholder and would like to buy more, but have to see RESULTS soon, or my money is going to go into something that will be positively working. I have already sold down a little bit for a couple of other plays.
Pinky playbook being played here to perfection. Dilution machine. Check the convertables coming up for the next 2 years!!
Hey surfbumb, I hope you are buying like crazy!!
Let's see storm. You want scoping studies and drilling correct>>
That's your statement.
Now, explain to me just how you would go about drilling IN A MINE SHAFT THAT IS BEING RE HAB'D for safety reasons. Maybe you should have volinteered to go into the mine and run drilling equipment before osha safety inspections.
Oh, I suppose you will say SURFACE DRILL, right. Yea, on the side of a mountian that sheep can't walk on.
It's obvious that you know nothing about mining. You come blowing onto the board spouting rediculous garbage. No one is going to listen to you.
Standard dilution practice. Selling into the news. Nice how they held off for 2-3 hours this morning, waiting to suck in some unsuspecting buyers.
Happy to be out of this one.
Exactly on target, drugdoctor.
smith either has no clue of what he is doing, or is flat out lying!!
Either way, I'm out, and have been for about 1 month now. With a moderate loss. Never gonna be an oil stock in my future again.
Check out my post from yesterday, that was rudiculed by someone. I called for a dump on the next news release regarding the N.D. deal, and also called for .002's...
Low & behold, look what we now have.
This stock is/will be diluted into the dumpster, and floyd & friends will walk away with their pockets full, and shareholders empty handed.
You can bet that if the Balken deal goes thru, which I personnaly doubt will happen, that it will be with highly dilutive terms..
Yes sir re sir, I'll bet your right. His LEGACY deal must be far more important to him than doing his job for the public SHAREHOLDERS OF SRSR. Come H or high water. Ref. moojer's & ES1 posts.
" smartass. Watch what happens when the PR is released."
I'll bet on more dilution... How do you think they will pay for ANY advancement on the property, when smith can't even come up with even small profits from what they have now??
Share price will soon be in the .002 area...
Yes sir re sir, that good news will be comming ANY DAY NOW. Just like it has been for the last 4 months. Looks to me more like the good news will read something like this.
WELL, WE FAILED TO MEET OUR PRODUCTION GOALS FOR THE RE-WORKED WELLS, BUT THE GOOD NEWS IS THAT WE DO NOT QUITE YET NEED TO FILE CHAPTER 11, OR WHATEVER...
Yes, and .007 MAY be a starting point for me again. Ha, can't even get the web page up & running correctly.
Submitted the following to the SEC just a little while ago.
Suggest others do the same. WAY PAST DUE TO BE ABLE TO TRADE THIS THRU THE NORMAL CHANNELS.
This stock has not traded in several months. It purportedly is a buyout situation wherin Arem Pacific Corp. purchased a company's symbol name DMWK (M.A. Gales & Co, Inc.) And was previousely known as diversified Mortgage Workout Corp.
Since Arem Pacific supposedly bought DMWK and then immediately did a reverse split in the month of July, 2013 this stock has been untradeable. No symbol showing up in my account at TD Ameritrade. My money (all though not a lot) has been held up way to long. Arem Pacific Corp. I believe had 20 working days to take care of the paper work to complete the transaction, and get our old DMWK shares switched over to reflect the new ARPC shares. And reflect the 388 for 1 announced reverse split.
My broker (TD Ameritrade) tells me that they have not recieved anything from the transfer agent that will allow them to enter the new symbol into peoples accounts. Others holding this stock are having the same problem.
I feel that something illegal is going on here, and would appreciate it very much if you would look into this matter. Arem Pacific corp. can not keep the shareholders money in limbo like this for such extended periods of time. I am certian that their are applicable laws regarding this transaction that ARE BEING violated.
Thank you in advance
Sincerely,
my name here"
Submitted to the SEC on 11/26/2013 via internet form.
We don't need to hold them accountable, THE SEC NEEDS TO HOLD THEM ACCOUNTABLE.. I am going to turn them in today.
UNAUDITED FINANCIALS ARE A FACT... Read the following.
Our condensed consolidated financial statements included in this Form 10-Q are comprised of the following:
F-1
Condensed Consolidated Balance Sheets as of September 30, 2013 (unaudited) and December 31, 2012
F-2
Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2013, and 2012 (unaudited);
F-3
Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2013, and 2012 (unaudited);
F-4
Notes to Condensed Consolidated Financial Statements (unaudited).
Sorry buckyboy, the defaults ARE an issue going forward, regardless if they are now paid or not. Because no credible lender will look at loaning money on honest terms for quite a while going forward.
Well, with 3.2 M in sevice revenues, then why did they not address the 12K debit??
The financials are NOT AUDITED. Therefore are not trustworthy.
And Janet, no, I am not interested in cheaper shares. I know, the truth hurts.
Paid with what?? Likely another convertable note!!! Company has no profits to pay off anything with.. Living on debt is a formula for disaster. Ask anyone that had their home forclosed on from 2008-2010...
I would never bother talking to ANY CEO or IR PERSON. You will get nothing of value from them. Only the spin that they want to put to you.
Ha, lol 12K is nothing right!!!
THEN WHY DID IT GO INTO DEFAULT SINCE IT IS SUCH A MEANINGLESS AMOUNT...
My concerns here as follows.
Convertible note payable to a related party, bearing interest at 12%,
unsecured, due on October 28, 2012 (note is in default)
$ 12,000 $ 12,000
Notes payable to an unrelated party, bearing interest at 14%,
unsecured, due on demand
37,500 75,000
Note payable to an unrelated party, bearing interest at 14%,
unsecured, due on March 24, 2013 (note is in default)
100,000 100,000
And LOTS of other convirtable debt being arranged at least 1 each quarter going forward with payments due going into 2015.
BIG ISSUE for me is that 2 of the notes listed above went into default. GOOD COMPANYS DO NOT DEFAULT ON LOANS UNDER ANY CIRCUMSTANCES.
I own a little bit of this stock, and was considering buying more, untill I found this.....
Floyd is either incompitent or a scam artist. Either way, I 'm gone. ND oil deal will not come thru, or if it does, it will be garbage also.
Way to many postponements and deceitfull paragraphs for me. A couple of weeks ago, results where incouraging, now they are not!!!
Good luck guys.
"Just a steady hammering of selling lower and lower. Even a short needs this to move up at some point to balance the risk. I think we have seen some fairly heavy dilution."
Ya think... It's just about the worst dilution I have ever seen???
CEO is getting the cart ahead of the horse by trying to break into the ND oil production. Can't even show us production numbers for ANYTHING already supposedly in the works.
I am getting prety close to thinking this is just a scam. Only production numbers SOON will change my mind. No reason that Smith can not give at least an estimate/range from the wells that have been recently fracked.
Ha $70. More like .0007 or less coming to this one. 900M authorized and 234M outstanding. And when you go to the most recent Q filing, and add up all of the conversions it comes up to another 255M worth of dilution.
This is going to be diluted into the ground, and then raise the authorized & do it some more.
Run while you can! I personnaly would not put 10 cents into this stock.
Worst Q filing I have ever seen. Absolutely nothing in it (no numbers) at all. What is Clark driving around when on his ventures. Likely a Bentley rental car on shareholders money!!
" "For those of you who still have questions on how to trade their AREM stock, please follow these rules: if you had free trading shares already deposited in your brokerage account 'before' and 'after' the merger with AREM, you do not need to do anything, you should be able to continue to trade"
We will see about this. Where in the hell did this guy come up with the notion that the shares are tradeable (you should be able to continue to trade) CONTINUE TO TRADE.. THE SHARES ARE NOT SHOWING UP IN THE ACCOUNT. HOW DO YOU TRADE INVISIBLE SHARES???
And that's not the only problem with this AHHUMM PR. I SMELL SCAM WRITTEN ALL OVER THIS STOCK. It's obvious that this guy has no clue about what he is doing!!!
jf, good thing you used past tense when speaking about " many longs invested in SRSR" because their certianly are not as many as when people where still giving keevle the (undeserved) benefit of trust!!!
I have not mailed them yet. But it's coming soon. This is byond rediculous.
Long here also, but not a very big position. Bought in a little high at .40 & holding. Have room to add if?? Good work DE & Yank.
OK, Melborn is a nice area. Been there years ago. To bad that we are quite a distance from each other. If we lived in the same area, we could start a FX trading club. I was a member of one in San Jose, CA
Used to get together about one time every 3 weeks. Club pres. found an office building that let us use a room for free. Had about 20-25 people show up most of the time.
Boca, where you at in FL. I live near Fort Myers.
Jeesh boca, the wind speed in that one is the highest I have ever heard of. Wish you & family the best..
Thanks pennies. Appreciated. Yes, longer term smaller entry's & spread the risk is a great way to trade. That's what I do in the stock market, with some cash left over for opportunity's. In 11 stocks at the moment & looking to add to this. It's been working well for me lately. Up about 15% in the last 2 weeks.
Stock market closed for the day today, for tech reasons. Kind of PO'd about it, cause I have 2-3 stocks that came out with good news this morning, and hoped for some nice bounces from them. Well, maybe they will carry over into tomorrow, I hope.
97.4 UJ sounds like a good place for me to take 1/2 off the table.
Once again, thanks.
Pennies, that's one super day of trading. Congrat's. I been setting on my hands short the UJ for about 2 weeks now, just riding the pain. But suddenly looking ok again. Did not see this retrace coming tho. But good for me. Do you have any kind of target range on the UJ at the moment?? I,m still trading the SD stuff, but trying to maximize gains on this one.
Yes, certianly is exilerating to hear about all of these break thru's. I will be watching for new company's comming on line that will be taking advantage of the new tech in the future. Just such a shame that SRSR will most likely not be a participant. Plenty of niobium available without srsr.
Correct. I am not getting any updated prices at all. Called Ameriturd and they confirmed. Someting about "pinklink" down. Expect to have it running within 1/2 hr. and that amount of time is just about used up. So should get something soon, I would think!!
I also am not able to trade this. Do not have many shares, but still care about the money. This has gone on WAY WAY to long!! Has anyone contacted the SEC about this situation yet??? They are blowing smoke when they are saying that they are waiting for electronic trading approval!! Been involved with buyouts & mergers many times in the past, and have NEVER, NEVER waited more than 5 days before being able to trade the/a new symbol..
SOMETHING ILLEGAL GOING ON HERE, OR THIS COMPANY IS COMPLETELY INEPT. But I am getting to be about 3 minutes away from contacting the SEC.. I suggest others do the same... If inept is the excuse, then the sec will fix the inneptitude by exposing the truth...
Thanks for the info checkmate. I did not know that they still own shares.
Yes. But form t's are usually a missed trade that should have filled in regular hours trading. But can, to some small extent, be used to misslead the newbe investor if the broker wishes to portray weakness after the close (usually the case). But I have in the past seen form t's increase the price overnight also. Personally, I don't pay much attention to them, because the price always corrects at, or shortly after, the market open in the morning.
I have a couple of times gotten orders filled by calling my broker about orders that should have been filled, but where passed over. You call and demand what is called time & sales data.If your order was passed over, the broker can force a fill on the MM's. And it can then sometimes go thru as a form T. And occasionally it will just be filled without ever being reflected as a trade (reflected in the volume, but not a price change).
Aggree with what you guy's are saying about MM games and shorting. But their is a way to prevent your shares from being loaned out by your broker. You just put a (take profit) sell order in place, good till canx. and then renew it every 90 day's. Place it high enough to eliminate/reduce the risk of it getting hit if you really want to hold for the long haul. And adjust upward if the share price increases. If their is an order in place, the broker can not loan out your shares. Works on the stop loss side as well, but that is just asking for big money to hit your stop and run with your shares. Don't believe me?? Just put a stop loss on a currency contract and watch the vultures swoop in to releive you of your contract, and then run the price up like a scalded cat...