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Thanks for the day's recap. Wtf?
Any idea when the stock dividends will be posted to our accounts?
So how many trips did you take?
will you please stop posting the same damn thing over and over!!??
I'll sell you mine for $1/share, jacobmoore.
mine just showed up this morning in my etrade account.....pretty depressing having an 85% loss like that.
I'm still waiting on my etrade account to reflect the R/S. they told me they were waiting on some stuff from the transfer agent.
anyone else still waiting on their account to reflect the R/S?
.0001 LOL
All important info/updates shoul be shared with ALL shareholders of EGOC on every board by the CEO!!
Mr. Goldberg was a registered stockbroker and manager with various brokerage firms from 1979 through 2001. Mr. Goldberg opened numerous brokerage offices through out the country and was responsible for hiring and training over 1000 stockbrokers throughout his career.
I meant to say... WEEEEEEEEE BOOMAGE!
Let's try to close at 3 folks for next week gapper. glta.
i'm showing 5k left at .0002
He just said BOOMAGE and nothing else?
Was that another 12 million dumped?
yes, it closed early
Let me throw my math into the mix....
Prior to retrofit:
100,000 miles / 5.7 MPG = 17544 Gallons x $4/gallon = $70175
After retrofit (2 MPG increase):
100,000 miles / 7.7 MPG = 12987 Gallons x $4/gallon = $51948
Difference = $18,227 or $1519/month
Q2 isnt over until June 30.
I haven't seen anything about a specific date. I'm not familiar with how the timing of an R/S works. I actually emailed the company yesterday to see if they would tell me when the R/S would happen. I don't really expect them to respond though.
.0004?? where did you pull that number from?
We just had an update 5 days ago and he released the 1st quarter financials yesterday.
Those are for the first quarter of 2012. The audit is for 2011.
Someone just snatched up a big chunk.
Has anyone seen anything on the timing of the reverse split (i.e., when it is going to happen)?
I came up with $.20 per share as well. If for some reason its higher than that, I think I may bail out.
We knew this was coming, here's the press release regarding the reverse split
LAS VEGAS, May 22, 2012 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ) – Announces today the Board of Directors have authorized a 1 for 2000 reverse stock split.
The reverse split will consolidate every two thousand common shares into one common share, par value of $0.01 per share. The number of authorized common shares and preferred shares will not be affected by the reverse split. In respect to the underlying common shares associated with any derivative securities, such as warrants, options and convertible notes, the conversion and exercise prices and number of common shares issued will be adjusted in accordance to the 1:2000 ratio. As a result of the reverse stock split, the number of common shares of the Company's common shares outstanding will be reduced from 198,103,400,000 to approximately 99,051,700 shares, subject to rounding up of all fractional shares to the nearest whole share.
It is anticipated that this action will establish a higher market price for the Company's common shares and reduce per share transaction fees as well as expand the potential market for investors otherwise hindered by trading limitations.
Franklin Mining has retained its transfer agent, Olde Monmouth Stock Transfer Co., Inc., to act as exchange agent for the reverse stock split. After the reverse split takes effect, shareholders will receive information from Olde Monmouth Stock Transfer Co., Inc. regarding the process for exchanging their common shares. Franklin Mining will notify shareholders of record that hold physical certificates as of the effective time to transmit outstanding share certificates, and, unless requested, will subsequently issue new book entry statements of holding representing one post-split common share for every two thousand common shares held of record as of the effective time. Shareholders that currently hold common shares in book entry form will receive updated statements of holding reflecting the reverse split and need not take any action.
"This action is part of our strategy to improve the marketability and liquidity of Franklin Mining's common stock," Stated Mustafa Dar, President, Franklin Mining, Inc. "It is our anticipation that the higher split-adjusted stock price will allow greater flexibility in our transactions, broaden our potential audience and shareholder base, and ultimately enhance our shareholder valuation. As we continue to expand our operations in Bolivia, this action will also help better position Franklin Mining for our long-term goal of applying for a listing on a higher exchange as soon as we come within reach of the listing requirements."
About Franklin Mining, Inc. – Franklin Mining, Inc. is a publically traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc. has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website:www.FranklinMining.com.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For more information visit our website at www.FranklinMining.com or contact
Investor Relations: (818) 370-1426
SOURCE Franklin Mining, Inc.
Source: PR Newswire (http://s.tt/1cwRF)
the contract is in Spanish
I dropped it into Google translate and this is what came out....hope it helps.
AeroSur negotiates with a U.S. investor
This is William Petty, president of the mining company Franklin Mining Inc. The negotiated amount is about U.S. $ 20 million. Tomorrow the company will issue details.
A door opens and directory search AeroSur in marathon meetings to seal a deal with the U.S. investor William Petty and getting to capitalize the airline with about $ U.S. 20 million order to overcome the financial crisis nearly three months ago the company .
Cautious, avoiding false step and trying to control any leak, entrepreneurs who run AeroSur from several weeks to have been negotiating with Petty, president of Franklin Mining Inc., a mining company originally from Colorado (USA), and according to sources at the line airline negotiations are well underway so expect tomorrow to give details of the agreement.
It is learned that the profile of the investor who seeks airline is a serious person, with significant economic capacity and who knows the socio-political reality.
Another point that is being polished, to reach an agreement with Petty, review the current status of the provider of the ships.
Sergio Sanzetenea, current president of AeroSur, in an interview published in this medium the April 14, 2012, said Abdallah Daher is the supplier of aircraft and owed ??him some money, but no one knows exactly how much comes amount.
A source confirmed that negotiations with Petty are on track, but run the clock, as only have two ships in operation that can leave the country within two weeks.
From the employees' union AeroSur, were incredulous and stressed that they will wait until the deal is realized, believing that the directory already told them several times and had a new investor and ultimately was not true.
On the progress of the negotiations is another aspect to be taken into account the Bolivian company directory is that the term of the lease of some aircraft already expired, so you need an urgent injection of a large sum of capital, to avoid that its operations are not even more limited.
In this regard, the Directorate General of Civil Aviation (DGAC) reported that the air fleet AeroSur (which claims eleven planes) was reduced to a single plane and that the frequency of their flights and are not scheduled under the system of a itinerary, but does so through a daily schedule that includes one to four flights on domestic routes, while international destinations are suspended from May 2.
Regarding the question of salaries Felix Lopez, director of the Directorate of Labour, said that already exhausted the administrative to collect back pay due to employees AeroSur in La Paz and the Ministry of Labour work analyzes initiate a lawsuit to recover the debt.
Lopez said that while this was the second call and one might expect the third before starting an adversarial process, formerly known AeroSur ignored subpoenas labor.
In turn, company sources recalled that for launching the airline needed U.S. $ 15 million, this calculation takes into account the tax liability for 2004 that is Bs 108 million.
However, according to the schedule of payment of the National Tax Service (INS), there is a future court decision will have to pay tax Bs 600 million due 2005 and 2006.
Petty, an old friend of our country
The owner of Franklin Mining Company, Inc. William Petty, is an old acquaintance of Bolivia, as early as 2011 came to Oruro to negotiate with authorities and representatives of the Community Inca Mining Company Sayana (Emcoisa) and avoid confrontation with miners of La Joya, a mining center that shares the gold mining area with Emcoisa.
According to The Nation, at that time (August 2011) Franklin Mining Company Inc., announced an investment of approximately U.S. $ 10 million in gold mining project, through an agreement was signed between Petty and the leaders of the gold cooperative La Joya.
"We are making history. It will be a model not just for Bolivia but for the whole world, "said Petty representatives of mining cooperatives at a ceremony where both parties sealed the creation of a society to develop better gold mine New La Joya. / The Nation
In millions
U.S. $ 20
What we want
This is the amount you are negotiating for the new investor can take care of AeroSur. They hope to reach an agreement and announce it tomorrow.
U.S. $ 15
The urgent
According to the directory AeroSur this is the amount of money needed to meet your tax liability and pay salaries to its employees.
U.S. $ 85.5
New charges
According to the INS recovery plan the airline is facing a claim for taxes owed management duranta 2005 and 2006 (Bs 600 million).
In detail
- Beginnings. Franklin minig, Inc. was established in 1864 as a mining and exploration company in Colorado (USA). First began operations in 1865 and continues until the U.S. government reduced the gold mining during the First World War.
- Presence. Currently this company is engaged in mining and exploration. In 2004, Franklin Mining Bolivia is established as a subsidiary of Franklin Mining Inc. are currently in the final stage of pre-operational phase of several mining projects in the departments of Oruro and Potosi.