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They ARE buying / Hoarding HUGE amounts of Gold/Silver , that is GOOD news for supplies and prices, thus good news for CDE! I still hold few call options and some common , but I must admit I sold a lot of my common at lower prices, but my options are blowin up! go cde!
these guys are dumping shares by the boat load , all these pink sheet storm chasers playing right into there hands , financed a dead roofing company by pink sheet storm chasers! lol.... SPANK!
problem is there is a HUGE amount of very cheap shares underlying the ABTG O/S..... I am long strong ABTG , but , we have a large mountain of nearly free shares being converted and sold , someone needs to take this out , it will take some time...
China is going to gooble up HUGE amounts of Silver/Gold....
Gold and silver pushed to the people. As recently as 2002, the private ownership of gold was prohibited in China. You could be jailed if caught with any in your possession. Beginning in 2009, in a stunning about-face, the central government removed all restrictions. In fact, as Mineweb and other sources report now it’s actively pushing folks to buy some personal metal, with China's Central Television, the main state-owned television company, running news programs cum infomercials, letting the public know just how easy it is to purchase gold and silver as an investment.
It truly is as simple as can be, because every bank sells gold and silver bullion bars in four different sizes to individuals. (Try to find the same the next time you make the trek down to Wells Fargo.) Mining companies are reportedly encouraging employees to convert some of their wages to gold on payday. Gold is traded in some form 24 hours a day. And paper proxies for the metal are also soaring in popularity.
FULL STORY:
http://www.kitcocasey.com/articles/2961/what-the-heck-is-going-on-with-china?/
Hello! Read the PR!
An amendment has been filed with the Delaware Secretary of State that amends SpongeTech’s certificate of incorporation for the reverse stock split, effective as of 5:00 pm ET on September 22, 2009. SpongeTech has also begun the approval process with the appropriate regulatory authorities.
In conjunction with the reverse stock split, the Board of Directors and the holders of more than a majority of SpongeTech’s voting capital stock have approved a decrease in SpongeTech®’s authorized capital. The post-split authorized capital will be 900 million shares of common stock, 25 million shares of Class B Stock and 40 million shares of preferred stock.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=24817347&topic=SPNG&symbology=null&cp=off&webmasterId=89753
"POST SPLIT" MEANING AFTER THE SPLIT HAPPENS , NOT PRE SPLIT - POST SPLIT - THE AUTHORIZED WILL BE 900 MILLION SHARES POST SPLIT - THAT IS AFTER THE 100 FOR 1 REVERSE SPLIT , MEANING THE AUTHORIZED SHARES POST SPLIT , 900 MILLION , IS EQUAL TO 90 BILLION SHARES PRESPLIT > 90,000,000,000 SHARES! WOW - Get ready for the Dillution machine , they wil be marketing stock like they do sponges , I bet they can sell as many shares as they can sponges , they know this....
SPNG Still has a LOT of SEC questions they left UN-Answered from last time they tried to register shares thru prospectus , why do you think RME has all these "unregistered" shares , SPNG was UNABLE to properly disclose and answer the questions asked by the SEC , they tried over and over , , They withdrew the registrations, so you have what we have today , MILLIONS/BILLION "Unregistered shares" NO WAY they uplist or do an offering of ANY kind , unless it is unregistered shares to the likes of RME or the Pinksheet OTC financeers , at least until they go back and clean up all this old stuff they left behind.....
Here are the links , here is the DD into SPNG past run-in with SEC disclosures in an attempt just to register shares thru prospectus , they WILL have to answer ALL these unanswered questions they left unanswered back then , AND , a host of new ones for sure:
I suggest you review ALL of the Uploads from last attempt:
http://www.sec.gov/cgi-bin/browse-edgar?type=upload&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
AND Here are the SPNG CORRESP
http://www.sec.gov/cgi-bin/browse-edgar?type=CORRESP&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
Here is link to some of the questions the SEC wanted answered > This is only few of them , See some of the highlighted ones below, will be very interesting how they answer these and disclose this info and how it relates back to SPNG filings already made , exec pay, , exec and corp tax, compensations.... Dont hold your breath on an uplist..... These SAME questions are waiting for SPNG, they dont just go away.....
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt
I only included some of the questions , see link above for complete document:
Re: Spongetech Delivery Systems, Inc.
Form SB-2, Amendment 5 filed December 20, 2006
File No. 333-123015
Dear Mr. Metter:
We have the following comments on your filing. Where
indicated,
we think you should revise your document in response to these
comments. If you disagree, we will consider your explanation as
to
why our comment is inapplicable or a revision is unnecessary.
Please
be as detailed as necessary in your explanation. In some of our
comments, we may ask you to provide us with supplemental
information
so we may better understand your disclosure. After reviewing this
information, we may or may not raise additional comments.
Disclose how your plan to retain the groups in the various
geographic regions. Will there be regional offices? How will
these
sales groups be overseen? Estimate the number of employees you
anticipate hiring for each group. State whether they will be
employees or contractors. Also, clarify whether they will devote
their full time to your business or whether they will also devote
time to other sales opportunities.
Clarify whether the agreement with Dicon would
allow you to enter into licensing arrangements.
16. Disclose the estimated costs associated with a licensing
agreement to use another company`s logos and trademarks and the
expected source(s) of funding.
Summary Compensation Table
18. It appears that Mr. Lazauskas should be included in the
executive
compensation section. We direct your attention to Item
402(a)(2)(iii) of Regulation S-B.
19. Reconcile the number of shares issued to Mr. Moskowitz with
the
disclosure in the certain relationships and related transaction
section.
20. Please advise us as to Mr. Rubin`s role with the company. It
appears that Mr. Rubin may be required to be included in the
executive compensation table, pursuant to Item 402(a)(2)(iii) of
Regulation S-B.
21. Given the relationship between certain officers of the company
and RM Enterprises, it would appear the stock issued to RM
Enterprises in January 2005 should be included in the executive
compensation table. This would appear to be indirect compensation
to
those control persons.
Recent Sales of Unregistered Securities, page II-2
22. We reissue prior comment 26 from our letter dated December 20,
2005. We again note the stock issuances in 2002. The stock
purchase
agreement was not entered into until July 2002 and these
transactions
were conducted in March and May 2002. Therefore, we continue to
note
that the company was a blank check company at the time of these
transactions. Rule 504 of Regulation D is not available to blank
check companies. Please revise the disclosure to discuss whether
another available exemption may be relied upon.
23. Disclose the exemption relied upon in the July 2002 issuance
to
RM Enterprises.
Exhibits
24. In light of the change made to the subscription agreement as a
result of our prior comment 31 from our letter dated December 12,
2005, please file the revised subscription agreement as an
exhibit.
Sincerely,
John Reynolds
Assistant Director
Office of Emerging Growth Companies
PRE-SPLIT 90,000,000,000 SHARES AUTHORIZED!?
90 BILLION! WOW.... Some major dillution this way comes
Per todays PR on R/S:
The post-split authorized capital will be 900 million shares of common stock
That equates to 90BILLION Pre-Split shares - WOW!
SPNG is going DOWN IMPO.....
lol , know , i am just a silver investor cashed in on 300% w CDE call options this week , lol holding some more long , no worries , not like SPNG OTCBB BS lol...
Show me , I gave you links , It is NOT answered , NEVER disclosed , Please put up or......
They could NOT anwerthe question last time and had to WITHDRAW the registration , How do you think they are going to uplist and NOT anwer these questions!? exact same ones , still waiting for them to answer , what you think they are going to uplist with a few hundered million unregistered shares , lol... yeah right..... AND , many many more discloures are wating for SPNG , they failed to answer / disclose a host of questions in 06 and WITHDREW the registration , please go do the DD , I gave you the links. Those questions STILL must be answered to moive forward.
No no no spongie , they withdrew the registration , NEVER answered , never disclosed , they withdrew , these will have to ALL be answered , no time line no statue of limitations on disclosures , SEC is not going to rubber stamp an uplist , these disclosures MUST be made , go read the uploads , SPNG WITHDREW W/O answering these questions , they could NOT answer these questions , they are STILL waiting for the answers now , hmmm > "indirect compensation" SPNG filings and exec tax returns about to get some microscopic reviews... lol - uplist , yeah right , they could not even register shares on the OTCBB! Try doing a valid share registration thru prospectus on OTCBB first , lol.... they are going to uplist to nasdaq with couple hundred million unregistered shares! lol.....
I sure hope SPNG execs have been paying their taxes on all of this indirect compensation , also wonder how they have this indirect compensation listed in all those SEC filngs since 2006? Sure would be problem if they had to restate tax retruns and such......... IF they truly want to uplist , they WILL have to answer these questions , these are NOT going away , just because they withdrew this registration because they could not answer this and other questions satisfactorly , does NOT mean they do not have to answer them to uplist , I cant wait to see the disclosure on this one question below STILL waiting for them , AND a host of others SEC / NASDAQ will have for them. For sure - Uplist , try registering shares on the OTCBB first , lol...
Re: Spongetech Delivery Systems, Inc.
Form SB-2, Amendment 5 filed December 20, 2006
File No. 333-123015
21. Given the relationship between certain officers of the company and RM Enterprises, it would appear the stock issued to RM Enterprises in January 2005 should be included in the executive compensation table. This would appear to be indirect compensation to those control persons.
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt
SPNG FAILED TO ANSWER THIS QUESTION IN 2006 > THEY WITHDREW THE REGISTRATION SHORTLY AFTER BECAUSE THEY COULD NOT ANSWER IT TO THE SATISFACTION OF THE SEC - THIS QUESTION WILL NEED TO ANSWERED AND ALL OF THE OTHERS THEY LEFT UNANSWERED BEFORE ANY "UPLIST" ... I stronlgy Suggest you read the uploads and CORRESP from the last go round with SEC , this is tame compared to what they will have to answer from SEC / NASDAQ for an uplist to national market......
I suggest you review ALL of the Uploads from last attempt:
http://www.sec.gov/cgi-bin/browse-edgar?type=upload&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
Here are the SPNG CORRESP
http://www.sec.gov/cgi-bin/browse-edgar?type=CORRESP&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
Here is link to some of the questions the SEC wanted answered:
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt
SPNG Still has a LOT of SEC questions they left UN-Answered last time they tried to register shares thru prospectus , why do you think RME has all these "unregistered" shares , SPNG was UNABLE to properly disclose the questions asked by the SEC , they tried over and over , but SEC kept asking for more proper disclosures and answers to tough questions , SPNG finally WITHDREW the regisitration , they could NOT pass the disclosures needed to register shares , lets not even get into an uplist to Nasdaq , try registering some shares on the OTC/BB first , lol , hello , They withdrew the registrations because they could NOT properly answer the needed disclosures , thus you have what we have today , MILLIONS borderline BILLIONS of "Unregistered shares" NO WAY they uplist until they go back and clean up all this old stuff they left behind , and as well - I am SURE there is much much more will need to be disclosed.
Here are the links , here is the DD into SPNG past run-in with SEC disclosures in an attempt just to register shares thru prospectus , they WILL have to answer ALL these unanswered questions they left unanswered back then , AND , a host of new ones for sure:
Please note the highlighted questions SEC had , SPNG is going to have to satisfactorly anaswer and disclose these same questions if they want to uplist....
I suggest you review ALL of the Uploads from last attempt:
http://www.sec.gov/cgi-bin/browse-edgar?type=upload&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
AND Here are the SPNG CORRESP
http://www.sec.gov/cgi-bin/browse-edgar?type=CORRESP&dateb=&owner=include&count=40&action=getcompany&CIK=0001201251
Here is link to some of the questions the SEC wanted answered > This is only few of them , See some of the highlighted ones below, will be very interesting how they answer these and disclose this info and how it relates back to SPNG filings already made , exec pay, , exec and corp tax, compensations.... Dont hold your breath on an uplist..... These SAME questions are waiting for the SPNG guys , they dont just go away.....
http://www.sec.gov/Archives/edgar/data/1201251/000000000006025971/filename1.txt
I only included some of the questions , see link above for complete document:
Re: Spongetech Delivery Systems, Inc.
Form SB-2, Amendment 5 filed December 20, 2006
File No. 333-123015
Dear Mr. Metter:
We have the following comments on your filing. Where
indicated,
we think you should revise your document in response to these
comments. If you disagree, we will consider your explanation as
to
why our comment is inapplicable or a revision is unnecessary.
Please
be as detailed as necessary in your explanation. In some of our
comments, we may ask you to provide us with supplemental
information
so we may better understand your disclosure. After reviewing this
information, we may or may not raise additional comments.
Disclose how your plan to retain the groups in the various
geographic regions. Will there be regional offices? How will
these
sales groups be overseen? Estimate the number of employees you
anticipate hiring for each group. State whether they will be
employees or contractors. Also, clarify whether they will devote
their full time to your business or whether they will also devote
time to other sales opportunities.
Clarify whether the agreement with Dicon would
allow you to enter into licensing arrangements.
16. Disclose the estimated costs associated with a licensing
agreement to use another company`s logos and trademarks and the
expected source(s) of funding.
Summary Compensation Table
18. It appears that Mr. Lazauskas should be included in the
executive
compensation section. We direct your attention to Item
402(a)(2)(iii) of Regulation S-B.
19. Reconcile the number of shares issued to Mr. Moskowitz with
the
disclosure in the certain relationships and related transaction
section.
20. Please advise us as to Mr. Rubin`s role with the company. It
appears that Mr. Rubin may be required to be included in the
executive compensation table, pursuant to Item 402(a)(2)(iii) of
Regulation S-B.
21. Given the relationship between certain officers of the company
and RM Enterprises, it would appear the stock issued to RM
Enterprises in January 2005 should be included in the executive
compensation table. This would appear to be indirect compensation
to
those control persons.
Recent Sales of Unregistered Securities, page II-2
22. We reissue prior comment 26 from our letter dated December 20,
2005. We again note the stock issuances in 2002. The stock
purchase
agreement was not entered into until July 2002 and these
transactions
were conducted in March and May 2002. Therefore, we continue to
note
that the company was a blank check company at the time of these
transactions. Rule 504 of Regulation D is not available to blank
check companies. Please revise the disclosure to discuss whether
another available exemption may be relied upon.
23. Disclose the exemption relied upon in the July 2002 issuance
to
RM Enterprises.
Exhibits
24. In light of the change made to the subscription agreement as a
result of our prior comment 31 from our letter dated December 12,
2005, please file the revised subscription agreement as an
exhibit.
Sincerely,
John Reynolds
Assistant Director
Office of Emerging Growth Companies
Forget gold. Silver is shining bright.
Silver has outperformed the yellow metal in recent months - and the silver spike might have more to do with a global economic recovery than inflation fears.
By Paul R. La Monica, CNNMoney.com editor at large
Last Updated: September 8, 2009: 1:04 PM ET
NEW YORK (CNNMoney.com) -- All that glitters isn't necessarily gold. If you want a really hot metal, check out silver.
Yeah, the price of gold rose above $1,000 an ounce Tuesday. And Gold is now up more than 5% in the past month and nearly 15% this year. But silver has done even better as of late.
Silver prices hit a 13-month high of about $16.72 an ounce Tuesday and silver prices are now up about 40% so far this year. Silver doesn't get as much attention for obvious reasons. "Gold above $1,000" is a sexier headline than "Silver surges past $16."
But the spike in silver is worth noting since it might be a sign that a global economic recovery could actually be for real.
Sure, one reason that silver is up is due to inflation fears. That's probably the main reason that gold has skyrocketed.
Some investors are worrying about the impact that government spending will have on the dollar and are subsequently buying gold, other metals and oil -- i.e. tangible assets as opposed to paper currency -- as a safe haven.
The dollar was hovering around a year-to-date low against a basket of global currencies Tuesday. So that helped lead silver and other commodities higher as well.
"Silver, gold and crude oil are all predominantly priced in U.S. dollars. So it's a natural reflex for them to go up in the short-term when the dollar is weak," said John Kicklighter, a currency strategist with CFD Trading, a New York-based research firm owned by foreign exchange broker FXCM.
But while gold has relatively few uses for manufacturers (besides looking pretty for jewelry), silver, much like copper, is a component of a variety of industrial products.
Silver is a component for products ranging from batteries and semiconductors to solar panels and water purification systems. That means that there are more than just inflation concerns driving up the price of silver.
"There is such a high demand for industrial use of silver. So a lot of companies, particularly in Asia, are gobbling it up in order to get their economies growing again," said David Beahm, vice president of economic research with Blanchard & Co., a New Orleans-based investing firm that specializes in gold and other precious metals.
Beahm said that silver's spike is a recovery from the depressed levels of late last year when investors were panicking about the state of the economy in the wake of the collapse of Lehman Brothers. Silver dipped below $9 an ounce last October.
"The real reason silver is going up now is because it took such a beating during the fears of deflation," Beahm said.
In that respect, the surge in silver prices is probably more similar to the rally in other assets that had been priced for financial Armageddon, such as bank stocks and airline stocks.
For the average investor, Beahm said that silver might make more sense to buy than gold since silver is more affordable. That said, he thinks gold will outperform silver over the long run because he believes that inflation and weak dollar fears should persist.
There are other ways to invest in silver without buying the physical metal though. The iShares Silver Trust (SLV) is an exchange-traded fund that is designed to track the price of silver. Several mining companies with a heavy emphasis on silver, including Hecla Mining (HL), Silver Wheaton (SLW) and Silver Standard Resources (SSRI), have piggybacked silver's rise and performed extremely well in recent months.
Still, even for investors reluctant to add precious metals to their portfolio, the price of silver and gold bears watching.
Kicklighter said investors seeking the proverbial silver lining in the economic clouds (Sorry. I couldn't resist) should pay more attention to silver and other metals as a possible proxy for a recovery.
"Longer-term there should be a divergence between gold and other commodities. Gold is going to be more responsive to investor sentiment and risk appetites," he said. "If you're looking for a forecast of global improvement and growth overall, industrial metals like silver are going to move more on demand."
Talkback: Is the global economy really recovering or is the rally in stocks and commodities such as silver and oil due more to speculation? Share your comments below.
http://money.cnn.com/2009/09/08/markets/thebuzz/index.htm?section=money_latest
PRE-SPLIT 90,000,000,000 SHARES AUTHORIZED!?
Per todays PR on R/S:
The post-split authorized capital will be 900 million shares of common stock
That equates to 90BILLION Pre-Split shares - WOW!
SPNG is going DOWN IMPO.....
are these past disappointments below some of this "risk" you are referring too? Or are you refering to all of the ongoing investigations by SEC, DOJ, etc...? The ongoing "ABC" investigations? IMO @ $.70+ pps and $500 million market cap , there is some risk here.... But One monster find will go a long way in mitigating the risk for sure.....
RecentDisappointments
•ConocoPhillipsOPL 319 –2 unsuccessfulwells-TBR
•ENI OPL 244 –one unsuccessfulwell
•Petrobras OPL 324 –2 unsuccessfulwellsTBR ?
•Chevron OPL 250 –1 unsuccessfulwellR
•Devon OPL 256 -2 unsuccessfulwells; last wellactive; TBR ?
•ConocoPhillipsOPL 248
http://energy.ihs.com/NR/rdonlyres/CD6B101F-89AC-4A57-B08B-10F95D81DD52/0/AngolaNigeriaAH.pdf
Latest Silver News
10 rules of silver investing - Opalesque, Sep 7 2009 1:28AM
Gold, Silver prices zoom - NewKerala.com, Sep 6 2009 7:38PM
Gold, Silver continue northward march - NewKerala.com, Sep 6 2009 7:38PM
Rising silver demand and how far prices can go - CommodityOnline, Sep 5 2009 2:28AM
Gold, silver rise to a 3-month high - China Post, Sep 4 2009 1:34AM
http://www.kitcosilver.com/index.html
Rising silver demand and how far prices can go
By Julian Murdoch
Back in April, we spoke with David Morgan, editor of Silver-Investor.com and The Morgan Report, about the silver market, from the metal's role in the green revolution to his thoughts on silver's future. With silver up 10% (and gold up 5%) since we last spoke, we thought it was time to check back in with the precious metals expert.
It turns out that Mr. Morgan's long-term forecasts have changed little. But in the short term, he thinks we may see something new.
"Going into the fall and into the next year, I expect to see much more strength in the markets, once we get past what I think will be a spike low in the next couple of months," said Mr. Morgan in a phone interview Wednesday.
"I may be wrong on that call," he caveated, "but I'll be writing more about that in The Morgan Report this month."
In the long run, however, Mr. Morgan expects that once gold breaches the $1,000 level and remains there for several trading days, it will be time to look for the next level in silver.
"I'm expecting to see around the $1,250, $1,300 level in gold," he said. "Silver may be lagging at that point - somewhere in the $15-$17 range - but once gold goes through it, it will have a magnet effect for silver. You'll see silver reach the $21 high it experienced last year and move upward."
For Mr. Morgan, silver's key price level is $25/oz. "That is the point where I think you're going to see an acceleration in the price of silver, because for all practical purposes, everyone that's held silver and owns it at $25/oz is going to have it at profit.
"When markets go into a profitable scenario - especially in a thin market like silver - everyone asks the question, 'How high is high?' So you have very few sellers, and they are all holding or buying more. That puts more upward pressure on the metal. I think we're going to get to that scenario sometime in 2010," he said.
Start trading in commodities from as low as $50. Join now
Industrial Metal Or Safe Haven?
Silver has a dual personality, serving both as a safe haven (like gold) and an industrial metal. Teasing out which drivers are applying the most pressure at any given time can be difficult to analyze - and may be unnecessary.
"Obviously in the severe recession that we're experiencing, industrial demand for silver goes down, and the investment demand may go up, because of the safe haven status," said Mr. Morgan. "I see both pressures coming in over the next couple of quarters."
One important supply factor, he adds, is that 70% of all silver comes out of the ground via base metal mining - and base metal miners have been hit hard in the recession. The companies in the S&P GSCI Industrial Metals Index are still struggling to recover the losses they sustained during the financial crisis:
Silver, on the other hand, has been able to recover more rapidly, despite mining cutbacks and less silver being pulled out of the ground. That's because in economic downturns, industrial production drops as well; fewer electronics, optical systems and other silver-centric applications are also manufactured. "It's sort of a self-correcting mechanism on the industrial side," noted Mr. Morgan.
But where industrial demand has slid, investment demand has picked up the slack. Barclays Capital recently estimated that investment demand for silver (in the form of silver coins and ETF inflows) will grow to 4,850 tonnes this year - almost a 20% increase from 2008. Barclays also forecast a demand decrease to 2,310 tonnes in 2010, as the economy recovers and generates less "safe haven" demand. But if silver prices take off, as some think they will, that number could change.
Possible Bumps In The Road
In April, we mentioned the possibility of swine flu (the H1N1 virus) impacting copper production - and by extension silver - but so far, the more dire predictions haven't come to pass. The next bugaboo in silver supply is also tied to copper miners - but to their paychecks, not their temperatures.
Copper miners in South Africa, Peru and Chile looking for higher wages have threatened to strike later this year if their demands aren't met. Over 20% of global copper production is at risk, and should the strikes occur, it could have drastic effects on the world's silver supply.
Of course, how this will affect the silver market is unknown: If investor demand drops, as Barclays predicts, then the market should remain well supplied. On the other hand, if silver prices continue to climb as Mr. Morgan forecasts, and more investors want in, then strikes just might be more fuel for the fire.
The one thing we do know is, whichever way silver goes, it's sure to be volatile. So strap in, and get ready for the ride.
RECAP OF FOLLOWING 4 POSTS = BUY CDE + BUY SILVER = $$$!
Where have all US Mint gold & silver coins gone?
NEW YORK (Commodity Online): Gold and silver demand is so high in the US now that there is a shortage of gold and silver coins supplied by the US Mint.
According to reports appearing in newspapers, the high demand and shortage of blanks and restrictive policies are causing a shortage of gold and silver coins authorised by the US Mint in the country.
US Mint has temporarily suspended sale of almost all of its gold uncirculated and proof coins, along with nearly all of its silver uncirculated coins because of the limited availability of blanks.
The 2009 American Buffalo one-ounce gold proof coin is to go on sale in the second half of 2009 after an acceptable inventory of 24-karat gold blanks can be acquired.
The government said it will resume the American Eagle gold proof and uncirculated coin programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle gold coin products.
American Eagle bullion coins are aimed at providing investors an effective way to invest in precious metals.
Prices may change on a daily basis as the platinum, gold and silver markets fluctuate. The mint does not sell the bullion coins directly, but distributes them in bulk through a network of official distributors who meet government financial and professional criteria.
This year the mint has sold 700,000 ounces or 700,000 gold bullion coins, compared to last year’s total sales of 860,500 ounces of gold or 1,172,000 bullion coins.
Federal laws and regulations say the gold must be newly mined in the United States. Only a handful of refineries meet the standards and regulations to produce the blanks for the coins.
At present, all available silver bullion blanks are being allocated to the American Eagle silver bullion coin program.
Thus far this year, silver bullion coin sales total 14,899,500 compared to last year’s total sales of 19,583,500.
While gold and silver producers have repeatedly gone to government officials to get them to authorize an increase in the number of refineries which can produce the blanks and the facilities that can mint the coins, industry sources say they feel they have been stonewalled by mint officials who refuse to budge.
http://www.commodityonline.com/news/Where-have-all-US-Mint-gold--silver-coins-gone-20753-3-1.html
iShares Silver Trust SLV, afternoon market update 3.41% Up
iShares Silver Trust
Rochester, NY 8/28/2009 06:05 PM GMT (TransWorldNews)
iShares Silver Trust SLV, objective of the investment is to reflect the price of silver owned by the trust less the trust's expenses and liabilities gained almost 3 million increase volume shares from the average volume of 8,714,210 shares. They open the hit the trade at 14.51 spiking to 14.57.
The purpose of the Trust is to own silver transferred to the Trust in exchange for shares issued by the Trust. Each iShare represents a fractional undivided beneficial interest in the net assets of the Trust.
Last Trade: 14.56
Day's Range: 14.45 - 14.62
52wk Range: 8.45 - 15.78
Change: Up 0.46 (3.27%)
Volume: 11,323,869
Avg Vol (3m): 8,714,210
http://www.transworldnews.com/NewsStory.aspx?id=115743&cat=8
Gold Rises on Investment Demand; Silver Jumps Most Since May
By Claudia Carpenter and Halia Pavliva
Aug. 28 (Bloomberg) -- Gold futures rose to a three-week high on signs of increasing investor demand. Silver had the biggest gain in almost four months.
Gold assets in exchange-traded funds monitored by UBS AG are “98 percent of the all-time highs,” the bank said today in a report. Holdings in ETF Securities Ltd.’s exchange-traded commodities rose to a record yesterday.
“Our coin and investment-bar sales in Europe this week for the first time in several months were reasonable, or even quite good,” said John Reade, the head of metals strategy at UBS AG in London.
Gold futures for December delivery rose $11.50, or 1.2 percent, to $958.80 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, the price reached $964.60, the highest level for a most-active contract since Aug. 7.
The metal rose 0.4 percent this week and has gained 8.4 this year.
Yesterday, gold assets in ETF Securities’s funds climbed to almost 8 million ounces from 7.96 million ounces.
“The flows have been going into the European-listed gold” products at ETF Securities, said Nicholas Brooks, head of the company’s research in London. Soaring U.S. and U.K. budget deficits may have helped to trigger the demand, he said.
Gold for immediate delivery rose $7.35, or 0.8 percent, to $955.50 an ounce at 3:10 p.m. New York time.
“Gold has been capped under $958 an ounce, so a close over that number would hint at an upturn from recent congestion and spark rallies to challenge $975 resistance,” Ralph Preston, a Heritage West Futures Inc. analyst in San Diego, said in an e- mail.
‘Risk Appetite’
The metal also rose on reports that a Saudi prince spearheading the kingdom’s campaign against terrorism was slightly injured in a suicide bombing carried out by a wanted militant.
“Gold is up on risk appetite and on news of an attack on a member of the Saudi royal family,” Tom Pawlicki, an analyst at MF Global Inc. in Chicago, said in an e-mail.
Silver futures for December delivery rose 56.4 cents, or 4 percent, to $14.815 an ounce, the biggest gain since May 4. The metal rose 4.3 percent this week. The price has climbed 31 percent this year.
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net; Halia Pavliva in New York at hpavliva@bloomberg.net.
http://www.bloomberg.com/apps/news?pid=20670001&sid=ayPRMwDwGz_0
See the GFCI Grifco board for some info , being this , FTXN , IS a Jim Dial SCAM stock the GFCI guys have some info on the board.... FYI
Big Autumn Silver Rally
By Adam Hamilton
Aug 21 2009 3:31PM
See link for Charts , they did not cut n paste below:
http://www.kitco.com/ind/hamilton/aug212009.html
Silver’s fundamentals offer plenty of reasons to be bullish in the coming years. Relentlessly growing global investment demand coupled with reduced production is a recipe for much higher prices. With something like 3/4ths of all the silver mined globally being merely a byproduct, primarily of base metals, supplies will remain constrained. Investors will have to compete in a tiny market for this scarce metal.
While silver’s long-term bullish case is well-known among its investors, this volatile metal also has incredible near-term potential. In the coming months, silver is likely to witness exceptional gains. Unfortunately, the driver of this potential big autumn silver rally is not widely discussed. Thus many investors and speculators still sidelined since the panic risk missing out on this rare opportunity.
And ironically, the stock panic created the silver anomaly that led to this opportunity. Silver has a long history of following gold. Silver traders watch gold for trading cues, so gold action dominates silver psychology. Thus silver typically trades in lockstep with gold. But during the panic, the extreme fear spawned by the brutal stock-market selloff spilled into silver. It forced silver to decouple from gold and plummet far deeper than gold warranted.
I started telling our subscribers about this anomaly and trading it last October. Already it has proven a very successful strategy. One new long-term silver-stock investment we added then, because of this anomaly, is already up 160%! While silver itself fell under $9 in the heart of the panic, it has averaged $14 in the past month. And the panic anomaly driving these gains still hasn’t been fully resolved yet. There is more to come.
This whole panic episode, and silver’s near-term upside potential, is best understood in terms of the Silver/Gold Ratio. SGR analysis simply divides the daily silver close by the daily gold close and charts the result over time. It is very illuminating. I first wrote about this publicly, after our subscribers had deployed positions, back in early February. But a lot more investors are interested in silver today than back then.
So if you’ve been hiding out, following the ostrich strategy of cowering in zero-yielding cash instead of multiplying your capital in these once-in-a-lifetime post-panic opportunities, you really need to consider the SGR’s implications for silver. And if you’re already trading this SGR anomaly, keep your capital deployed and watch your gains grow. Although unwinding gradually, the SGR anomaly hasn’t even come close to being fully unwound yet. But it will.
This SGR reversion’s potential silver impact is easiest to understand if we start in the normal years preceding last autumn’s crazy stock panic. This first chart compares silver with gold over the last 5 years or so. The 44 months between January 2005 and August 2008 are the control period, showing silver’s natural and normal behavior. And the 4 months between September to December 2008 encompass the panic period where the SGR anomaly erupted.
In the years before the panic, silver’s very tight correlation with gold was readily evident. Silver surged when gold was strong and fell when gold was weak. Silver’s daily price action mirrored and amplified gold’s nearly perfectly. Over this 44-month baseline time frame, 94.7% of silver’s daily price action could be statistically explained by gold’s own. Gold action drove silver sentiment, and hence silver prices.
But late last summer, silver started decoupling from gold. There had been minor decouplings before of course, but they were far smaller and only lasted for days to a couple weeks on the outside. The silver decoupling witnessed as the panic unfolded was utterly unprecedented in its magnitude and duration. Gold was indeed weak, but silver plummeted far faster and deeper than the gold selling warranted.
If you want to understand exactly why gold was weak during the stock panic, read my recent essay on the stock markets driving gold. In a nutshell, bond-market followed by stock-market selling led to flight capital flooding into the US dollar to buy short-term US Treasuries. This safe-haven trade drove the biggest and fastest US dollar rally ever witnessed. Gold futures traders saw the dollar skyrocketing and dumped gold. And as gold fell, silver traders got really scared. Their fears were greatly exacerbated by the stock panic.
Scared traders are emotional traders, so silver was sold far more aggressively than yet seen in this secular bull. Before this surreal fear bubble, silver averaged $18 in July 2008. By November 2008 in the heart of the stock panic, silver averaged less than $10. At worst, silver lost a mindboggling 53% of its value in just over 4 months! It was an epic bloodbath that understandably broke the will of many silver investors to go on.
But although the massive panic-driven dollar rally hit gold too, gold’s selloff was trivial compared to silver’s. At worst at its panic lows, gold hit a 14-month low. But silver just kept on falling and falling, spiraling ever lower. At its own panic nadir, silver had plunged to levels last seen 34 months earlier! Silver does amplify gold’s moves, but the degree of this panic selloff was still utterly ridiculous. It defied all logic and reason.
Over that September-to-December panic span, silver’s r-square with gold plunged to 52.5%. In other words, only half of silver’s daily price action was statistically explainable by gold’s own. In light of silver’s ironclad past relationship with gold, this was madness. No one had ever seen anything like it before. Not only was silver going way overboard in amplifying gold’s selloff, but gold was nearly eclipsed as the primary driver of silver sentiment.
Provocatively, the stock markets were usurping the silver helm. In October and November in the bowels of the panic, silver hit new panic lows on 6 separate trading days. Fully 4 of them happened to be days the S&P 500 (SPX) hit new panic lows as well. Incredibly none of silver’s new lows happened on days where gold hit new lows! And even though gold bottomed in mid-November, silver didn’t bottom until over a week later on the very day the SPX hit its own panic low.
The idea of the stock markets driving silver seems odd now, but within the extreme fear and stress of the panic it sort of made sense. Unlike gold which is usually perceived as a stable investment and safe haven, silver is primarily viewed as a speculation. It is a hyper-volatile metal heavily dependent on the whims of speculative preference. And during the panic, speculators were so scared that the universal appetite for speculation went negative. Speculators wanted out of all risky assets, in any market.
So being highly-speculative over the short term even in the best of times, silver really bore the brunt of the anti-speculation bias in the worst of times. Traders wanted out immediately, at any price. It was this panic sentiment that directly led to the silver anomaly we are still trading today. Weak gold, coupled with extreme general fear driven by the plummeting stock markets, ripped the previously-bullish silver sentiment to shreds.
But the thing that makes an anomaly an anomaly is its short-lived nature. The more extreme the psychology that drives prices out of whack, the quicker it will burn itself out and the anomaly will start to revert back towards normalcy. Indeed we’ve seen silver do this since the panic ended. This metal has soared from under $10 to over $14 on balance, recovering in a nice uptrend.
But this reversion isn’t over yet. Note that after the panic gold quickly regained its pre-panic levels between roughly $875 and $975, and it’s been trading there for most of 2009. Meanwhile, silver is nowhere close to its own pre-panic levels running between $17 to $19. But it’s gradually getting closer to reestablishing its decades-old relationship with gold. So far this year, silver’s r-square with gold has climbed back up to 81.5%.
Although this first chart is certainly adequate to make the case that silver is way undervalued relative to gold today, it is far less precise than a true silver/gold ratio chart. So as I’ve done periodically since February, this next chart updates the progress of the SGR. The SGR in blue is superimposed over the silver price in red.
Since the SGR-proper yields an unwieldy small decimal (like 0.01464), I prefer to invert the SGR to wrap my mind around it. The inverse of the actual SGR yields 68.3, which makes more sense (it is technically the gold/silver ratio, but viewed from the silver side). Instead of thinking silver is worth 0.01464 ounces of gold, it is easier to think in terms of it taking 68.3 ounces of silver to equal an ounce of gold. Thus, the SGR axis below is inverted so this measure rises when silver is outperforming gold and vice versa.
The sheer magnitude and ridiculousness of the Great Stock Panic of 2008’s impact on silver is crystal clear when viewed through the lens of the SGR. In the 44 normal months before the extreme abnormality of the stock panic, the SGR averaged 54.9. And this mean was based on a fairly tight trading range between 65 and 45 with no extreme outliers skewing it. This 55 number should be familiar to investors.
If you do any deep research into silver miners and gold miners, they often report “equivalent” numbers. A primary silver miner will convert its gold byproduct to silver-equivalent ounces while a primary gold miner does the opposite. One metal is rendered in the cash equivalent of the other. In wading through countless SEC quarterly reports over the years, I’ve found the number used for this calculation is almost always 55. In the industry, an ounce of silver has long been considered to be worth 1/55th of an ounce of gold.
But during the stock panic, speculative zeal reversed so rapidly and radically that the SGR plummeted to unbelievable depths. Within months after breaking below its secular support which had held rock-solid for years, the SGR had plummeted to 84! An ounce of silver was worth just 1/84th of an ounce of gold. This was the lowest SGR witnessed over this entire secular bull by far.
During the 4 months ending December that encompassed the stock panic, the SGR averaged 75.8. This was just silly, it made no sense and only persisted for even that long because silver traders were so darned scared. At Zeal we started aggressively buying and recommending elite silver stocks, and the silver ETF, during this panic timeframe because there was no way silver could stay so depressed relative to gold prices.
These trades have proven very profitable since. The SGR has been recovering since the panic and is in a nice uptrend. But as you can see, the SGR still has a long ways to go yet before silver regains some semblance of normalcy relative to gold. But make no mistake, it will happen. Since the early 1970s when gold was freed to trade in the States again, silver’s relationship with gold has been strong and unwavering.
You can spin a variety of scenarios for this SGR mean reversion. The most conservative one is simply to assume that gold remains stable in its post-panic trading range as it has for many months now and the SGR simply reverts to its pre-panic average of 55. Over the past month, gold has averaged just under $950 on close. Gold staying flat and an average SGR implies that silver will normalize to $17.25 or so, 25% above its levels of this week.
But the SGR mean reversion probably won’t stop at 55 and gold probably won’t stay flat, so the near-term bullish case for silver is far more compelling depending on the assumptions you make. Note above that the SGR’s secular support was rising steadily for years before the stock panic. If that line is extended to today, it hits 49 or so. A 49 SGR at $950 gold implies about $19.50, 40% higher from here.
And psychology in the financial markets seldom stops conveniently at the midpoint, it is like a pendulum. If you pull a pendulum a long way in one direction, and let it go, will it stop dead center? Certainly not, its momentum will keep carrying it well past center in the opposite direction until its energy is dissipated by nearly reaching the opposite extreme. Silver saw extreme fear in the panic, among the worst it’s ever seen. Give the magnitude of this anomaly, I suspect psychology will overshoot well into greed before it normalizes.
So the SGR could, at least temporarily when traders get excited, soar far under 55. How far? Make a guess. It depends on how precious-metals psychology unfolds, on how quickly discouraged silver investors return, and a myriad of other inherently unpredictable factors. But take some SGR well under 55, the temporary overshoot, divide a $950 gold price by it, and you get some seriously exciting silver targets.
On top of all this, gold isn’t likely to stay flat either. All these SGR-reversion silver targets get higher as the gold price they are based on rises. Thanks to the Fed’s record monetary growth during and since the panic, big inflation is coming. Few things drive new gold investment like an inflation scare, and we are going to see a doozy of one sooner or later here. And gold’s innate supply and demand fundamentals, including declining mine production despite high prices, remain very bullish with or without inflation.
All this is exciting for silver, but it doesn’t offer clues on timing. But other factors are coming into play that I suspect will lead to a substantial acceleration of this in-progress and inevitable SGR reversion in the coming months. Silver has incredible potential for one of its biggest autumn rallies ever witnessed. Investors and speculators long this metal and its elite producers would see huge gains in such a scenario.
Silver ultimately follows gold, so nothing will get traders as excited about silver as quickly as a major gold rally. Provocatively, we are just entering the seasonally-strongest time of the year for gold prices. On average between 2000 and 2008 prior to the panic, gold rallied 14% between August and February. Off of a $950 average gold price, a similar move this year would carry gold above $1075. Gold decisively over $1000, highly likely soon technically, would ignite all kinds of buying in the tiny silver market.
In addition, remember that the stock panic’s universal dampening of the appetite for speculation was what led to silver’s panic anomaly. Back in January I did a historical study showing that the biggest up years ever witnessed in stock-market history tend to immediately follow the biggest down years. 2008’s 38.5% loss was the S&P 500’s worst year ever. So in January I said we should expect a 25% to 50% gain in the US stock markets in calendar 2009. It was a very heretical and controversial bet back then.
But with the SPX up 10% year-to-date now, 25%+ SPX gains this year seem more plausible to far more investors. And if the SPX is to achieve even 25% this year, let alone 50%, it has a lot of rallying to do between now and year-end. If general stocks rally big this autumn, which is likely, the universal appetite for speculation will soar and cash will flood in off the sidelines. Silver, among the most speculative of all commodities, will be a major beneficiary of any speculation renaissance.
With a big autumn silver rally very likely, some wonder how to play it. One of the best ways is in elite silver stocks. While the SLV silver ETF will match silver’s gains, silver stocks have the potential to multiply them. Back in March we started gathering data on all the primary silver stocks trading in the US and Canada. Our initial screens turned up nearly 100. But amazingly, the total market capitalization of this entire population was under $7b! It is higher now of course, but still vanishingly small compared to every other sector. For comparison, in late March the HUI gold stocks were worth $144b and the SPX $7218b.
So if any capital at all bids on silver stocks during the coming silver rally, their prices have to soar. They are just too small to absorb significant buying. So which silver stocks are the best to own, the highest-potential? We spent several months earlier this year painstakingly narrowing down the universe of primary silver stocks to our favorite dozen. We believe they have the best fundamentals and greatest potential of all the silver stocks.
In June, my business partner Scott Wright profiled each of these elite silver companies in depth in a comprehensive and fascinating 33-page report. Priced at only $95 for the fruits of hundreds of hours of world-class silver-stock research, it is a steal. Buy your copy today and get deployed in elite silver stocks before silver leaves without you!
We also publish an acclaimed monthly newsletter, Zeal Intelligence. It analyzes the financial markets including silver with the goal of growing our capital through successful speculation and investment. In it I discuss what is going on in the markets, why, and how we can capitalize on it through real-world trades. With the coming autumn looking to be incredibly exciting, now is the perfect time to subscribe.
The bottom line is silver remains way too cheap relative to gold. The extreme fear generated by the stock panic dragged silver down into an unsustainable anomaly. Since the panic ended, silver has indeed been gradually regaining ground relative to gold. But despite the progress in this normalization, this anomaly hasn’t even come close to fully unwinding yet. But it will, which implies much higher silver prices ahead.
And other factors are likely to drive an acceleration in silver’s recovery in the coming months. Gold itself looks very bullish, and growing mainstream inflation fears could rapidly spark big investment demand. Nothing will entice sidelined silver traders back in faster than a major gold rally over $1000. And the general stock markets are likely to rally into year-end too, fostering a renaissance in speculation. Of course silver is one of the premier commodities speculations.
Adam Hamilton, CPA
August 21, 2009
Looks like a new stinky pinky being formed with FTXN assets (tic) lol....
Business Entity Information
RIVERDALE CAPITAL LTD.
Status: Active File Date: 6/3/2009 3:00:59 PM
Type: Domestic Corporation Corp Number: E0298782009-3
Qualifying State: NV List of Officers Due: 7/31/2009
Managed By: Expiration Date:
Actions\Amendments
Action Type: Merge In
Document Number: 00002378536-84 # of Pages: 8
File Date: 08/03/2009 Effective Date: 07/31/2009
(No notes for this action)
Action Type: Correction
Document Number: 20090488468-69 # of Pages: 6
File Date: 06/17/2009 Effective Date:
(No notes for this action)
Action Type: Articles of Incorporation
Document Number: 20090461216-61 # of Pages: 1
File Date: 06/03/2009 Effective Date:
Initial Stock Value: Par Value Shares: 310,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 310,000.00
lol , now it does same thing on my post! Must be something with the link?
Here is the info:
Name: RIVERDALE CAPITAL LTD.
Type:Corporation File Number:E0298782009-3 State:NV Incorporated On:06/03/2009
Status:DEFAULT Corp Type:NRS78 - Domestic Corporation
Registered Agent: CSC SERVICES OF NEVADA, INC. (Commercial Registered Agent)
Address: 502 EAST JOHN STREET
Address:
CARSON CITY NV 89706
lol , i see what u mean, same thing happened to me , if you go to the post , and hit reload , the link will appear for a moment and then dissapear , well I kept hitting reload and it would flash the link for a second , well i finally got it , managed to click on it before it disappeared.
Here is the info:
Name: RIVERDALE CAPITAL LTD.
Type:Corporation File Number:E0298782009-3 State:NV Incorporated On:06/03/2009
Status:DEFAULT Corp Type:NRS78 - Domestic Corporation
Registered Agent: CSC SERVICES OF NEVADA, INC. (Commercial Registered Agent)
Address: 502 EAST JOHN STREET
Address:
CARSON CITY NV 89706
https://esos.state.nv.us/corps/corp/search/corpsresult.asp?strCorpNum=E0298782009-3&strSearchType=CorpName
Read the filing , read the headings and the answers: I included the link below , It appears HH Brown controls the Intellectual Property.... Read it clearly.. IMO it says HH Brown controls Intellectual Property and it is licensed to DICON and now they, Dicon , are selling it to SPNG and SPNG is making darn tootin sure this is not a problem and the license is in good standing and no changes will be made or issues come up...
This is from the 8K:
3.2 Deliveries by the Company and the Sellers. On the Closing Date, the Company and the Sellers shall deliver, or cause to be delivered, the following:
(f) An acknowledgement from H.H. Brown Shoe Technologies, LLC (“H.H. Brown”) to the sale of the Membership Interests to the Purchaser, and an acknowledgement and confirmation from H.H. Brown that the Intellectual Property License Agreement effective November 30, 2007 by and between H.H. Brown and the Company (the “H.H. Brown License Agreement”) remains in force and effect as of the Closing Date, and that as of the Closing Date, the Company is not in breach of any of its material obligations under the H. H. Brown License Agreement.
_______
4.6 No Company Defaults or Consents. Neither the execution and delivery of this Agreement nor the carrying out of any of the transactions contemplated hereby will:
b) violate, conflict with or constitute a default under the terms, conditions or provisions of the H.H. Brown License Agreement;
__________
(b) Except as otherwise set forth on Schedule 4.10(b) attached hereto, since the Balance Sheet date, the Company has not done any of the following:
(xii) been notified on any default under the H.H. Brown License Agreement;
__________
http://www.sec.gov/Archives/edgar/data/1201251/000114420409037511/v154860_ex10-1.htm
b2b dont bother , he is trying to lure others away from the facts that it is Jim Dial, 100% Jim Dial that comitted the fraud , he wants us to think it was NSS, or other issues not the true issue , his job is to plant some resonable doubt , that it could have been something outside of Jim Dial control , IMO he is a plant being directed by Jim Dial to try and get some resonable doubt defenses going.....
Yes this is the wild card for ABTG , could be scary...
They (A)Aquired 166,666,667 shares @ $.015
Thru conversion of notes....
Amount of Securities Beneficially Owned Following Reported Transaction = 641,031,747
Explanation of Responses:
( 1) Represents the indirect holdings of Vicis Capital LLC. All of the foregoing represents securities held directly by Vicis Capital Master Fund. Vicis Capital LLC acts as investment advisor to Vicis Capital Master Fund and therefore has voting and dispositive power over all the foregoing shares. For the purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Vicis Capital LLC may be deemed to be the beneficial owner of, but hereby disclaims such beneficial ownership of, the foregoing shares.
( 2) Immediately.
If Dicon owns it then they dont even have to ask HH Brown squat about it , that is were ur thinking is off IMO. If I controlled the patents then those using it to license from me, they have to follow me or lose out, I tell them what to do and what is what , now if it is other way around , and I am licensing it from them , then if I want to sell or make changes , my buyer SPNG in this case is going to want all of the verifications and such,,,, that the tech license is still good if they buy me > Makes sense yes?
If you review the 8K SPNG filed RE: The DICON buyout you will notice the following: It appears HH Brown controls the patent....
This is from the 8K:
3.2 Deliveries by the Company and the Sellers. On the Closing Date, the Company and the Sellers shall deliver, or cause to be delivered, the following:
(f) An acknowledgement from H.H. Brown Shoe Technologies, LLC (“H.H. Brown”) to the sale of the Membership Interests to the Purchaser, and an acknowledgement and confirmation from H.H. Brown that the Intellectual Property License Agreement effective November 30, 2007 by and between H.H. Brown and the Company (the “H.H. Brown License Agreement”) remains in force and effect as of the Closing Date, and that as of the Closing Date, the Company is not in breach of any of its material obligations under the H. H. Brown License Agreement.
_______
4.6 No Company Defaults or Consents. Neither the execution and delivery of this Agreement nor the carrying out of any of the transactions contemplated hereby will:
b) violate, conflict with or constitute a default under the terms, conditions or provisions of the H.H. Brown License Agreement;
__________
(b) Except as otherwise set forth on Schedule 4.10(b) attached hereto, since the Balance Sheet date, the Company has not done any of the following:
(xii) been notified on any default under the H.H. Brown License Agreement;
__________
http://www.sec.gov/Archives/edgar/data/1201251/000114420409037511/v154860_ex10-1.htm
Spongetech is a marketing company , they are run by a group of DRTV marketers , and OTC/pink sheet stock guys, it is not anything to do with some high tech patents, its just a marketing company with nothing more then money to market products , of course they like to make you think it is some high tech sponge , i also have found many others selling similiar products , you could own ABC Soap filled sponge Inc and do waht they are doing , it will take years and tons of cash to get as far as they have come, they are doing good job , but lets face it , they are selling sponges , it is all just a marketing company... AND a otcbb kicker for stock sales to pay for it all.
No imo u r hoping everyone will blame NSS for GFCI troubles and lay off Jim Dial , get over it , JIM DIAL RIPED U , ME , ALL OF US OFF , He and he alone led the scam then and is still trying to scam us today . i.e. ur presence on this board trying to persuade others it is some other non jim dial reason we got scammed...
What DD? Please post link? I cant find a single penny of verifiable business nor even any real business for that matter? Please show us some DD - Might find some buyers > We are listening?
and the FACTS are SPNG withdrew its share registration last time they tried to register shares thru prospectus , the ONLY way RME can unload the hundereds of millions of unregistered shares they hold is thru opinion letter or using them to short an inventory. IMO this is NOT good for SPNG retail stock holders.... IMO SPNG is one trade away from an SEC halt and investigation into SPNG , however , lots of money to be made my day traders , got to be willing to get in and out fast however.... Dont b caught holding when it all goed down , IMPO....
This was included in the 8K about the purchase as an amendment , good info , my question is this Intellectual Property License Agreement w HH Brown , in appears they HH Brown are the true owners of the patents and Dicon simply had some form of license to use them. If you go to the HH Brown website you will find they, HH Brown , claim they own the patents and tech....
The agreement mentions this license in few places:
(f) An acknowledgement from H.H. Brown Shoe Technologies, LLC (“ H.H. Brown ”) to the sale of the Membership Interests to the Purchaser, and an acknowledgement and confirmation from H.H. Brown that the Intellectual Property License Agreement effective November 30, 2007 by and between H.H. Brown and the Company (the “ H.H. Brown License Agreement ”) remains in force and effect as of the Closing Date, and that as of the Closing Date, the Company is not in breach of any of its material obligations under the H. H. Brown License Agreement.
(b) violate, conflict with or constitute a default under the terms, conditions or provisions of the H.H. Brown License Agreement;
(xii) been notified on any default under the H.H. Brown License Agreement;
NOBID /.0001 > lol shorts desperate?...lol.eom
justerx , u can save the naked short shares inuendo BS for someone else , you got riped off BY JIM DIAL not NSS ..... That is why ur shares were no good , you bought BS FAKE JIM DIAL shares IMO....