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PI Financial was simply accumulating shares.
Market makers are supposed to facilitate trading, but they need a substantial bank of shares in order to do so.
PI Financial cannot be faulted for buying shares on the cheap from the many willing sellers who lost faith.
THAT is the real reason for the drop in share price.
People just lost faith in this thing.
1) Mina Pascua, forget about Fitzgerald.
2) Mina Pascua, forget about Alaska.
3) Mina Pascua, forget about the gas revenues.
4) Mina Pascua, Forget about Arizona (or wherever those obscure gold claims are).
Our eggs are all in the one basket at this point, in my opinion.
I doubt it too Quer.
But you never know for sure.......
Maybe catchathief will tell you who the real owners of Mina Pascua are, and you can let us all know on the QT.
We might just get rich on this thing after all.
You're going to miss it then.
Say hi to catchathief for me when you're down Texas way.
The man from the land of the "big rigs".
My guess is that it was the MSX for Justice group Quer.
You coming to the next meeting if there is one?
Thanks newhau
Your post is very interesting and yes, it does lead to many questions that beg answers.
Please post particulars about the next meeting and I will be there if I can.
A Class Action lawsuit against MSX by shareholders?
That would definitely be the coup de grace imo!
I don't know ykr, and neither do you.
Has Barrick ever publicly stated that the person posting as JRLopehandia on the I-Hub board is a fraud?
Most companies have a policy that they will not respond to rumours on public chat boards.
I am surprised that you didn't know that.
Your logic is not flawed ykr.
But it is all guesswork and circumstance.
The fact is that I do not know the true identities of people who post here and neither do you.
Would you believe me if I told you that I am really Frank Diegmann?
How does one go about getting invited to these ad hoc meetings?
I would like to attend the next one if possible.
Many people tried to tell JRLopehandia that "he" should stop posting here.
That "he" was hurting "his", and therefore MSX's reputation and credibility.
Is JRLopehandia really Jorge Lopehandia?
Who knows?
The fact is that many supporters turned on JRLopehandia because he or she failed to deliver on a single one of the many things that were hinted at or promised on this board.
And JRLopehandia was the one doing most of the lambasting until fairly recently.
So now we wait until Thursday.
Let's hope that Brent Johnson really did meet with a large group of investors, and that he really did promise that we would be trading again in ten business days, and that he really did mean what he said this time.
And let us also hope that there is a significant release of good news before that CTO comes off.
I am Still Hopefull !
But I am also a lot more cynical than I was a year or so ago.
Thanks Dubious One.
I see it now.
It is listed as a Form 7 on the CNSX website.
Normally it would be listed as a monthly progress report, but what the heck.
For anyone who hasn't seen it:
"On October 11, 2013, the Ontario Securities Commission issued a cease trade order against the Company due to the Company’s failure to file its annual filings that was due on August 28, 2013. On October 10, 2013, the British Columbia Securities Commission issued a similar order but was rescinded on October 30, 2013 after the Company had filed its financial reports for the year ended April 30, 2013 and the quarter ended July 31, 2013 on October 15, 2013."
Complete with "the usuals" it seems.
Good for you dieselcatmando.
There was nothing wrong with newhau's post with respect to my interpretation of TOS.
It was absolutely on topic.
Hey Sharri:
Could you please explain what you mean by this sentence that you posted over on Stockhouse.
His obituary told the world in August, 2009 his great contributions to education (many different universities dealt with him) as his body was "cremated" to destroy any evidence of "anything"
I accentuated the piece in question.
What do you mean when you place quotation marks around the word anything?
Cremation only destroys that which is on or within the physical body.
Just curious here.
"Despite the fact that the CTO began on Sept 10 or so, Mr. Johnson didn't even acknowledge it until Nov 22."
Where did you see this acknowledgement on Nov. 22nd Dubious One?
Something else to think about.
Good Post, and the only new "information" that I have seen for some time.
You can see frustration building on this board, which leads to a lot of the negativity.
December the 17th, 2013.
I await with Mr. Davis' words with bated breath.
Did you call the OSC yourkidinright?
You are constantly chiding the rest of us for failing to do our DD, even when you point us in the right (your right) direction.
Rover7 called them..... did you?
Call them yourself, and let us know what they had to say.
Hey Quer
I told you that you and I, and ADC should have joined the board a month or so apart.
Steve has our little conspiracy all figured out now
Seriously though, it worries me that Brent Johnson might be thinking that Steve Davis can somehow help the company.
Politics makes strange bedfellows.
Wait for it Dubious one.....
On December 16th 2013, we will see a Press Release of monumental proportion.
Steven C. Davis, in conjunction with all three of the current Kanco shareholders, will stand shoulder to shoulder with the eight law firms prosecuting the Class Action against ABX and shall bring about our salvation.
Hallelujah !!
You could be right Quer.
Afterall, you have been the only poster that has been right more often than ykr
And you have been right quite a few times more than JRLopehandia
Who really knows?
Maybe ABX just didn't want to expose the ownership issue to the Canadian courts and the Canadian press?
WTFK?
In the present tense, your reasoning makes sense Dubious One.
But in the past tense, Jorge and MSX seemed to be spoiling for a fight. Threatening, libeling, slandering, begging, cajoling, inviting, and pleading for a fight.
And they had a few bucks behind them at that point.
But ABX wouldn't take them on.
I wonder why?
"My suggestion has always been that MSX should conduct the proper testing to prove the value of any mining properties JL holds title to."
I fully agree with you on this statement Dubious.
If only one of the millions had gone into proving up Jorge's claims we would not be in this seemingly desperate situation IMO.
I will trade you three jellybeans for all of your shares.
I will even throw in a black one, which is my favourite.
She is likely working on a contingency basis Quer.
No Win = No Pay !!
So what happens with Barb Salinas' "Resource Protection" case?
The one where she is fighting to get a further injunction to stop ABX from continuing to develop Pascua Lama.
Now that ABX has indefinitely shelved the project, does this case go away?
Yes, you are a HECKLER ImFree.
And most (the vast majority) of the existing shares of MSX, (MWR) were sold long before the Mina Pascua story broke.
Does it make you feel better when you take the current situation and rub it into people?
You should find some other way to get your jollies.
Don't be feeling sorry for us yet ozinvestor.
The fat lady has yet to sing.
And Steve Davis has our backsides covered it would seem.
And JRLopehandia said that the CTO was caused by "others" and in fact has now been "solved".
What... me worry?
Not a chance!!
It looks like I missed one possibility.
Maybe Brent has been ordered to keep quiet by the FBI, CIA, Interpol etc, while they investigate the wrong-doings of Adnan Khashoggi, George Bush Sr. and the Mormon Church.
That sounds pretty feasible as well..... I guess.
That makes sense to me Dubious.
My response was mostly in jest obviously.
But what you are saying does make sense.
Let's all just wait and see what happens next week.....or the week after.....etc.
Good questions Dubious One.
I wish I had the answers.
Maybe there is a BIG announcement coming up, and Brent is using the CTO to buy time to cross all the t's and dot all the i's (and correct all the grammar errors)?
Maybe ABX is going to use the proceeds of their recent share offering to buy us all out?
Maybe Quer was right and Brent is taking the company private?
Maybe someone stole the letter from the OSC and Brent doesn't know the company is halted?
Maybe the "real owners" of Mina Pascua are going to buy us out to remove a future pain in their butt?
Maybe Brent is totally lost and can't figure out what he should do next?
Maybe Steve Davis is once again refusing to allow Brent and Steve to follow securities laws?
I must admit, that I don't know.
What is your opinion by the way?
It's time to let Mr. Fitzgerald Rest In Peace.
No doubt that would also lead to the exodus of one Mr. Davis?
Good riddance to them both imo.
I found that long before you did ykr.
I have read every printed word that was ever written about all of the principles in this saga, that you can be sure of.
Anyways, the debate continues for the moment.
And, you are welcome to believe what you want, just as I am.
If any third party enters into this story it will be the best kept secret since the atomic bomb.
One of us will be wrong, but that's okay too
It seems that catchathief also caught a ykr.
You really shouldn't believe everything that you see written by anonymous posters ykr.
I truly believe that Jorge Lopehandia has title to some 22,000 acres of land that is somewhere in the vicinity of Barrick's Pascua Lama Project.
The value of this land is at the crux of the issue and it needs to be clarified.
There is NO other party involved here in my opinion, despite whatever cat might say.
We will win or Barrick will win.
Simple as that.
I do yourkidinright !!
I just don't know where "Mina Pascua" actually is, and whether or not it contains any valuable minerals.
Jorge Lopehandia could do himself, the company, and the shareholders a great service if he could/would conclusively end this never-ending debate.
How about this Davis quote Dubious One:
"Brent Johnson has made peace with many MSX Stockholders. Because of this, I settled with him and have allowed Brent Johnson and Steve Holt to comply with all required Canadian Securities laws............at the present, MSX corporate is not obligated to disclose anything."
So that is what was previously holding up the resolution of the CTO?
Steve Davis wouldn't ALLOW Brent and Steve to comply with Canadian Securities laws?
Maybe he is running the company afterall?
L O effing L !!
You don't seem to have many supporters JRLopehandia.
Lots of questions have been asked of you, but you continue to refuse to answer.
YOU are your own worst enemy IMO.
You could help Brent and MSX and it's many investors immensely if you would only prove to the World that you have the clean titles to Mina Pascua, and that the gold and silver reserves are contained therein.
It's time to wake up and smell the coffee.
Nobody believes your words anymore !!!!
Hmmmmmmmmmmmmmm.
Let me think on that for a minute.
I don't think so Quer.
Okay, so Scrannage is the broken leg?
Amputate the bugger and let's get on with it.
By the way, when will the OSC agree with you that the CTO is "solved"?
Monday?