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Fact is,it was a classic example of how the typical Vancouver a Penny Mining Stock shell game is run....naive people who actually believe they are 'investors'and gullible enough to swallow managements story.....(there's ALWAYS a 'story')
Been there,done that....
Fact is,it was a classic example of how the typical Vancouver a Penny Mining Stock shell game is run....naive people who actually believe they are 'investors'and gullible enough to swallow managements story.....(there's ALWAYS a 'story')
Been there,done that....
Remember when it was trading over a buck-code 3guy 'thanked 'the weak hands who sold him their 'cheap stock'......said was 'going to the next level'......which it DID.....4 1/2 cents....great opportunity,just great...
You mean the rah rah boys won't be telling us to 'get in quick before the big boys discover it'?(it's a great opportunity to pick up some scrap metal)
Garage sale?
When's the garage sale for office equipment and scrap metal?
When are they going to update the web page?*
And show the whole operation closed down,rusting in the jungle,the offices closed,and nobody working? Hardly a going concern,wouldn't 'you say?(maybe a ghost town)Oh and maybe delete those nice charts too....Frankly,I find it very misleading and rather insulting,given the current situation...
ps-at the current price of a nickel,we only MISSED the $5 target that we 'anticipated'that it was 'really worth'by 99%....might be something to do with NOT being a '150K mid tier producer'(although from the salary MrFifer is drawing,you would be excused for thinking we were......)
*Mr Fifer giving the shareholders the raspberry might be more appropriate...
Ah,but their pay checks went out on time though,didn't they?.....and when they ran the bank account down,they just went back and did another'equity financing'(a finders fee will be paid-just to add insult to injury....)trouble is,you can only go back to the well so many times before the massive dilution swamps you
..... aren't you lucky MrFifer is our friend and he really looks after the little guy?(comments by the rah rah boys when they called me an 'idiot'for daring to question what was REALLY going on,or more accurately,what WASN'T)
I suspect the only thing these guys have done on time is cash their cheques...
WhatI get such a chuckle out is how they labelled me the 'village idiot' for daring to demand accountability.Speaking of that,does that private 'invitation only 'positive' board still exist?if so,what they 'anticipating'?
The BOD has a fiduciary responsibility to act in the shareholders best interests.I fail to see that they have fulfilled that mandate,and may even be held legally liable
We can jump up and down all we want,RF is laughing all the way to the bank....too bad some of the shareholders were naive enough to swallow the story....(all Vancouver Penny Mining stocks have a 'story')
But MY real question is WHERE were the Board of Directors in all this?Did they just RUBBERSTAMP everything?they are SUPPOSED to be representing OUR interests,NOT managements..
Getting the feeling that The WRONG guy was put on 'IGNORE'?
Carefully,they'll put you no 'ignore'for 'poisoning the board'
But I'd like to hear what the rah rah boys have to say .....(other than 'it's a great opportunity' and 'MrFifer is our friend')
Adrian was the name of the company before it was changed to Petaquila.it had been extensively drilled and explored mainly for copper,then abandoned after copper prices collapsed.If I remember correctly it had about 60 million shares outstanding.Copper was spun off and sold to Inmet (we were told we would retain a percentage,but didn't)After that that they began developing the gold property but it never lived up to expectations,and further drilling never resulted in the much 'anticipated' location of higher grade ore.They promised PDI would be spun off,but never did.(we're still 'anticipating')
All that we really did get was a huge debt load and massive dilution,currently shut down and trading at a nickel,and ignored by the market,although management appears to have done very well .....pretty typical of most of the Vancouver Penny Mining Stocks
Currently I'm'anticipating' we will be either delisted,or consolidated and the name changed,really for the next batch of naive people convinced it's a 'great opportunity'
I see it setting up for consolidation and recapitalizing.....and I suspect those in the know see this as the only viable option left to us
I wouldn't be a bit surprised to see this brought up at the AGM,in fact I'd be more surprised if wasn't
4.4 cents a share.....huge opportunity,just huge......
Couldn't see any activity?course not,I suspect ,the only 'activity 'is management cashing their cheques....
Got to admit I 'm feeling really let down by the rah rah boys though,why aren't they blathering away about 'anticipating' the 'big bounce back'?have they lost the faith in their 'friend'MrFifer?(he really cares about the little guy,and we're 'really lucky' to have him on our side...(joke)
My guess is any money available will be used to pay RF's very generous salary...NOT to resume operations.
Sorry to 'poison the board' but the share price us telling it like it is...
What drove them to the hills?-Perhaps they 'anticipated' the numbers......
No surprises,really
What do we know for sure?
Lots of stuff,like-
* the share price(about a nickel)
* the share float(over 250 million)
* the production(is there any?)
* the paycheck RF is drawing(we just don't know what for)
* the the Market has us on IGNORE
* the fact we don't have our PDI shares (we're still 'anticipating')
Anything else you'd like to know?.....well,maybe how long we're still even going to be on the board....
PS joke of the day(or year)... The Big Bounce Back.....(sorry about that)
The problem is,I don't know if anybody other than the shareholders even cares about shareholder confidence,this is rapidly becoming just another over promoted under performing Vancouver Penny mining stock that is going the way of most of them-run into the ground ,burned out and forgotten
I do believe the only chance we have that is,if there us anything of actual value here ,Is recapitalization and of course,consolidation to rectify the massive dilution.
Other than that,I think they will be delisted for failure to file,accounting costs money,and who's going to pay for it once the coffers run dry?
PS,just for the heck of it,I wonder what all those rah rah boys who put me on ignore denouncing me for daring to demand verification from their favourite little gold stock that they anticipated would be a 150 K mid tier producer by next summer that was really worth $5 are thinking now?
Got your PDI shares yet?
Chances are They only drop in to pick up their cheques...
I quit believing what management SAYS years ago ,I only believe what they DO,and have DONE.What we 'anticipate' is only sop for the naive and the foolish,telling them what they want to hear..
I think you'll find it was all about milking the shareholders for every dime they could get away with...like most of the Vancouver Penny Mining stocks.....and no,MrFifer wasn't 'our friend' and I have some doubts about him 'really caring about the little guy'too...
Can anybody tell me which Vancouver Penny Mining stock shell game the rah rah boys are slobbering all over their face telling everybody what a 'great opportunity''it us these days?.....I really miss them,best game in town...
Not returning calls was another big red flag,or if they did,telling you anything you wanted to hear just to get you off the line.I gave up calling IR years ago.....and truth be told,IR can't tell you anything of meaningful interest anyway,it's got to be officially released.
I'm just waiting for the other shoe to drop,and that means consolidation ,for the simple reason nobody in their right mind would put a thin dime into recapitalizing it until the massive dilution factor is dealt with.That and new management,that goes without saying.New BOD too-we need a new broom here....
The handwriting Was on the wall right from the time Fifer sold Copper and we were told we would retain a percentage as compensation for selling it for far less than it was purported to be 'really worth'.we were supposed to retain the rich copper sulphite overburden as well. we retained neither,and it was months before we learned what happened.Then once we began working on the Molyjon,they would put our NR's about drilling programs-but when the results were less than stellar,they simply didn't say a word,but came out with more 'we anticipate'garbage.Always promising,never delivering.And when ever anyone dared to demand answers,they were put on 'ignore' for 'poisoning the board' and being 'negative '....too funny....
Got your PDI shares yet?
Stalemate....
Nothing is going to change until the company addresses it's serious problems,and that means new management ,new BOD and recapitalization.And nobody in their right mind is going to recapitalize the company until the massive dilution is dealt with-and the only way out of that is consolidation.
Until we bite the bullet,the stalemate continues.Tough medicine but that's the only option I see to give us even a chance at survival.New capital isn't going to bail out the existing shareholders.They aren't running a welfare operation to rescue naive people who bought into managements 'story'.It was a 'great opportunity'-for those on the feeding chain...
Of course it's true.....the rah rah boys said it was 'goin'to the next level'......and it did....nosediving into the dirt...
ps- careful about posting anything 'negative'-poisons the board and they'll put you on 'ignore',and I wouldn't 'count on being invited to participate in their private 'positive'forum either(lots of good information there,so they tell me)
Still saying PDI shares are coming-Yup,by 'next spring,at the latest'......I think that would be right before the 'next summer'that they are 'anticipating ' being a 150 K mid tier producer 'really worth $5'
"Hopefully hit the mother lode'.....ah,Fifer already DID 'hit the mother lode'-in the shareholders pockets..
That's too bad,I really liked looking at all those glossy pictures of a going concern gold mine that we 'anticipated' would be a 150 K mid tier producer really worth $5 by 'next summer'......
Oh,by the way,hate to mention this but when will I see my PDI shares in my account?.....
Welcome to the 'next level'-7 cents,-yes 7 CENTS(no,we're NOT a '150 K mid tier producer' and no,it's NOT 'really worth $5')what I' m wondering is when is the next shoe going to drop?.....consolidation?delisting?bankrupt?
But it's not ALL bad news,think of the TAXES you won't be paying next year on the PDI shares you were PROMISED but didn't get....
It's a 'great opportunity'....,just great.....
The only thing that MIGHT make it go back up is news they fired Fifer....but given the coffers are dry even that might be too little too late now
I've always said the quickest way to double the share price would be to dump Fifer,but at current prices that would still be under 15 cents,Huge opportunity,just huge....
Careful-the rah rah boys( if you can find one these days)don't like that kind of talk,they'll put you on "ignore'for "poisoning the board"......got to be "positive"you know...(joke of the year)
I'm 'anticipating'this will go the way of most of the Vancouver Penny mining stocks -ignored,reduced to shell status and priced accordingly....fifer will stay on until the bank returns his paycheck NSF
aren't you lucky we have MrFifer on our side?he really cares about the little guy (another joke)
Just wondering-how long are they going to keep those glowing reports and nice glossy pictures up on the company website?
Stocks generally move UP on rumours-this one generally moves DOWN
The only reason to accumulate large blocks of stock is for a shell that can be consolidated and renamed,ready for the next batch of starry eyed naive people who actually think they are 'investors' that management counts on to trade paper for the dollars in their pocket
That what it's 'really worth"
Now under 7 cents......just a bit short of the $5 it was 'really worth' as a 150 K mid tier producer which we 'anticipated'it would be by 'next summer'
Slowly sinking into the morass of 'also ran' great opportunities....my guess is consolidation,renaming and ready for the next batch of starry eyed and very naive rah rah boys eager to exchange their dollars for paper and the inevitable 'story'.....meanwhile management gets rich off them-it proves they'll swallow anything and the dupes actually think they are 'investors'....
deja vue, we've been here before and we will be again
ps...thanks for all the 'ignores',it proved I was right....sometimes you just gotta chuckle at how naive the dreamers actually are
Where's MKJiii?I really miss her blatherig on about 'great opportunitiies' and defending mr fifer.....
We don't fire them we reward them.....
The handwriting was on the wall for YEARS,way back to when he pulled off that nice little real estate flip by buying that abandoned gold property overseas for a paltry $ 1million and managed to convince the naive shareholders they got a "bargain"at $30 million......(some "bargain")
My question is WHY he wasn't DUMPED back then,for TRYING to pull it off?Not everyone was fooled,that was the point one of the initial backers sold their stock saying it was a very questionable transaction.....too bad the BOD didn't recognize the red flags,by the way,just where ARE the BOD and WHAT are they doing?they are SUPPOSED to be the watchdog not just rubber stamping MrFifers demands....
Makes you wonder,WHO is running this show anyway?You don't put a fox in charge of guarding the chicken coop...no,I don't trust the guy,haven't ever since he sold COPPER to Inmet (and sold the bulk of my stock,thank goodness)and was called every name in the book for saying so...