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Isn't three years from December 14, 2007 come to December 14, 2010? That's the end of this year, not 3 months ago.
Except, of course, for the interest. According to the PR,
Under the Agreement, ParaFin is entitled to 100% of the accumulated interest owed to date.
Then again, this is subject to authentication of said bonds. Oh, and the need for the money would be?
To finance the Exploration and Exploitation of the 6.06 million Acre Hydrocarbon Farm-out Agreement in the Republic of Paraguay, ParaFin Corporation was in the process of selling an issue of Preferred Shares.
As is the case with most pinks, this may or may not be legit. That remains to be seen. There is a chance we will find out this week. Keep your eyes open for a PR and don't rely solely on what this, or any other board and its members speculates. Always do your own DD.
I had the same thing happen to me. Got my order filled in two partials @.0016. The MM's are surely gonna fluctuate the PPS tomorrow, hopefully to the upside
Who is the paid promoter? I haven't seen it yet but I have jumped in. Highly volatile price jumps but with good news could be very worthwhile
Not trying to knock CXAC too much but today I am out. I will be back in late Feb/early March when some substantial news comes out, the annual report, with actual sales figures shown. The latest attempt at a PR was lame. Wasn't Jorge supposed to be great at marketing? Advertise your sales better by telling people you had a 200% or 300% increase in sales instead of saying "we sold 1500 units". What a lousy display of attracting future investors. This includes a lame excuse of a sharehloder letter as well. That stripped the last bit of confidence I had left.
open until 1 pm I believe
From: abfdc@aol.com
Sent: Mon 12/21/09 7:07 PM
To: xxxxxxx@hotmail.com
In a message dated 12/21/09 5:28:35 P.M. Eastern Standard Time, xxxxxxx@hotmail.com writes:
To whom it may concern,
It has been over a month since the shareholders have had any type of update as to the operations of CXAC. Are we to expect any update or press release in the near future?
Yes.
The CEO was down with the flu and the IR/PR Company met with him on Saturday morning.
We have reviewed the corporate sales data, and the 2010 business plan and will release a PR updating all shareholders this week. We will supplement the release with a shareholder letter on the website. It will cover your other questions as well , with clear and concise answers.
Thank you.
Paul-Alan Associates
No need to get all defensive on me chief. I made a mistake, my bad. A simple correction would suffice.
Another mistake form CXAC....and more delays...
E trade sucks anyway. Why would they wait 2 1/2 months to finally suspend settlement services? It makes no sense without a judgment in the lawsuit that CXAC is not a defendant in in the first place.
I just emailed them as well. Within ten minutes I recieved the same response as others. At least we are getting some feedback. Next step is the PR.
Mr. Bravo will come through. He is fashionably late but always shows up to the party.
Yes. There is no PR or shareholder update but we are still Pinksheets current with unaudited financials.
$200 sale, that's all.
Looks like it will stay that way. ARCA just locked up the bid/ask.
It's actually 9 bucks. Since the bid/ask is now .0003/.0004, where are all the buyers who wanted in @.0004? If I had more funds, I'd be getting some...
With a little luck we will move past .0002!
Lucyinthesky, you are correct in asking Dew for supporting documentation. I put together a little DD for Dew and all others to look at.
1) the 8.5 bil sold is wrong. Q2 states 2.5 bil O/S. 6.0 bil issued. the 4.9 bil (unaudited) A/S is a misprint. http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24568.
2) As a CFO (retired), you should be able to read financials and see that the Q2 is unaudited and the numbers may not be correct to start with.
3) Q4 2008 shares increased from 2 bil A/S to 4.9 bil A/S http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20667.
4) Shares increased from 4.9 bil A/S to 6.52 bil A/S 4.29.09 http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23697.
5) statement of issued and outstanding 6.5 bil A/S and 5.867 bil O/S 7.13.09 http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22384.
6) latest reported numbers:
Outstanding Shares
5,867,736,969 as of Jul 13, 2009
Authorized Shares
6,500,000,000 as of Jul 13, 2009
Float(shares)
5,826,868,529 as of Jul 13, 2009
Monday we should see the Q3 financials that were due last monday. This, of course, is only speculation and my opinion. Then we should have definitive proof as to where and how cash flow comes from. Since they have been listed as current, It stands to reason that there has been no furhter issuances of common stock and that the A/S remains at 6.52 billion shares, 20 million of which are preferred stock. This should help in stockholders confidence and most likely lead to an increase in PPS. As always, this is JMO though. Expect a shareholders update as well regarding the October sales of Re-Juv.
Flex
I've had zero problems so far as well. The only hitch it that sometimes a "market" order gets rejected, but I use "limit" orders anyway.
"Estimated Market Cap
$2,933,868 as of Nov 19, 2009
Outstanding Shares
5,867,736,969 as of Jul 13, 2009
Authorized Shares
6,500,000,000 as of Jul 13, 2009
Float(shares)
5,826,868,529 as of Jul 13, 2009
Number of Shareholders of Record
155 as of Jul 13, 2009"
Quote from pinksheets.com
There are also 20 million preferred shares for a total of 6.52 billion.
These are the "current" numbers. Of course, they can be totally different if we had the Q3 numbers, but then again, the company is not current in it's reports...again.
Hint: don't use outdated information.
4.9 Bil shares is an old number of shares. It is an unaudited number from the Q2 report that did not reflect the supplemental info. from Q1. It's conveniently listed under "supplemental information-share increase" dated mar. 31, 2009. The correct reported figure is 6.52 bil shares. yes it was released before the Q2 financials but it was released after Q2 was over. Something that happens when companies don't report on time, as is the case again this week.
I wonder if people understand that by buying at the bid is what helps keep the PPS down...
awesome chart!
I think the right word to use is confidence, or lack thereof. Financials were due monday am. Jorge knew this already as he went out of his way to get the attorney letter sept. 30 to get up to current status on pinks. However, he did not file in time, nor file for an extension, thus leading to a downgrade to limited info status. This is the reason for people selling...There is over 122 mil in volume so far and the huge bid has turned to a large ask, showing what could lead to a trend reversal. without any news, the PPS will drop again. lucky for me, that will mean I can buy more shares
next to a library and a honey baked ham nearby...should get some decent traffic there. I am really looking forward to the PR stating that one or more of the stations is actually purchased! only 9 business days left according to their LOI's
I sure hope we don't lose current status on pinks. Even though they missed the deadline to file the 10-Q report they still could have filed a notification of late filing , which gives an extension of 5 days. I don't know how leniant pinks are with not filing on time but they are still listed as current as of the time of this post.
A company must post Quarterly Reports, following Section Two of Pink OTC Markets Guidelines for Providing Adequate Current Information, within 45 days of the quarter end, and Annual Reports, following Section One of the Guidelines, within 90 days of the fiscal year end. The company must also post Attorney Letters every quarter no later than 30 days after the due date for the Quarterly or Annual report.
http://www.pinksheets.com/pink/faq.jsp#25a.
Somebody just painted 6 million @.0005
I just notice this as well with all the penny stocks I am watching. Has there been a rule change? Gotta do some DD
Continuation of marketing shows that there is some revenue being generated...sales are adding up! only bad thing is that Jorge hasn't posted financials or requested an extension on pinksheets...to stay current, they were supposed to be filed by today
I view this PR in the same light as the letters of intent for the stations...an intention. Placing an order and purchasing are two totally different things. The .0001's on the ask today started to diminish, down to 2 near the close, so this shows that consumer confidence is building. When the actual purchases are released for the stations and the pumps, we will see a rise in PPS, and I believe it will be substantial enough to make investors a good deal of green. We will find out within 2 weeks, the time frame submitted for actual purchase of the stations, per the LOI's. As always, this is JMO.
There is a glitch in the system and apparently a huge amount of symbols are showing "no information" on pinksheetes. The problem should be resolved shortly
I wouldn't call $1920 worth of shares of CXAC a "boatload". that's equal to the daily total of under 5 mill shares sold @.0004.
I put my limit down to .0001 yesterday and it sold immediately, but at .0002. don't know how it happened and don't care now. just glad to have some cash back to invest in something that might make money...
I don't get who is selling at 0004. Are they taking a loss or are we weeding out those impatient people who got in under that price?
In my view there are two types of people here: traders and investors. traders hold for small periods of time to maximize profits. Investors hold long to secure their funds. Those selling @.0004 are probably traders getting out so as to use their money to make a profit somewhere else more quickly. Swing traders, day traders (or as longs like to call them flippers) have a risky strategy of buying and selling daily to make profits. The major difference between traders and investors is that traders don't care what the company is, only if it can turn a profit quickly. Investors actually follow the companies activities and hope for long term gains. Both styles of trading will net profits and neither one are wrong. I personally am long in CXAC and I have also flipped it to get more shares. If there is no news coming for two weeks, the PPS probably will not rise so some will sell, use their money elsewhere to make profits and then get back in a day or two before news is said to come out. It all depends on your investment strategy as to how much money you really want to make.
CXAC has put together a substantial base for sales that will figure into the PPS going up in the near future and is poised as a good hold for the longs. It is not, however, a good choice for traders for the volume is too weak to buy at the bid and sell at the ask at will.
those small trades are made by the MM's because they buy in blocks and trading desks always have to square off, somebody needed a few more shares to fill a lot.. etc
those small trades are from the MM's, trading desks always have to square off, somebody needed a few more shares to fill a lot.. etc
Evolution Fuels Announces Board Authorization of Stock Purchase Program
DALLAS, Sep 24, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that its Board of Directors authorized a stock repurchase program under which up to ten billion shares of its outstanding common stock may be acquired in the open market over the next six months at the discretion of management.
This is dated just over a month ago. As it states, the company has up to 6 months to accomplish this. So please stop being a baby and shouting across the boards and demanding confirmation. When it is done, it will be revealed. Just wait for the financials to be released. If you can't wait, sell your shares and move on. As any investor with more than a day of experience should know, penny stocks are high risk, high reward. If you are not willing to take the risk of losing the entire investment, then do not invest.
P.S. Expect the company to release 2-3 PR's this month that state definitive lease agreements, purchases of the properties mentioned in their letters of intent. That will be REAL news, news that could drive up the PPS.
Correct. NITE has been the ax on this security for awhile. The trading company locked CXAC this morning @ 7:42 and won't move without news. Unfortunately for us right now as shareholders, our updates aren't national news and don't attract a lot of outside investors, something needed to really drive the PPS up.
Knight Equity (NITE) and Murphy & Durieu (MURF)are both on the ask @ .0005