I am with you cowboy! Still a lot of unanswered concerns here. I am not denying that aspect. However, I am banking on that $2.50 buyout...........

GLTA.....

Running out of posts for the day.

Good luck to all the longs!

Shorts, congrats to you too! I hope you made some money on this one.

Now, it is time to cover, which I am sure many of you have already done so. However, there are those shorts out there being a little skeptical about all of it and too damn stubborn. Those are the ones that will push us up over .30 before the close......

Just my opinion and strictly my opinion......
GTLA! Long and Short

$2.50 offer is still in tact and addressing all the issues, which I believe will happen sooner than later.
I would not be surprised to see them close on the deal sooner than most deals. Why? It is in everyone's backyard. They will fly in one day, kick the tires, make sure all the paperwork is order and say done deal.

I would love to see a Conference call update in that PR too. That would put the icing on the cake. JMO

I am looking for that $2.50 offer. None of this 65% one profit. Can't you see guys and gals, these are all buys! Shorts are trying to cover in an awful way.

We could close above .30 today.

I told you yesterday, it was wound tighter than a drum. Too many shorts on this one.......Still too many.... JMO

Up nearly 100% off the lows of the day. Don't be juked by the lull here. Remember, I am still waiting on the news. I hope some of you were able to take advantage of the dip.

Buyout is still on the table and that is @ $2.50.
Until we hear differently from the company, I contend we hold and add on any weakness. Disclaimer: All my opininion and strictly my opinion.

Here is link to a great article that came out yesterday. From the article, no matter what our Russian buddy denies, I believe he is still involved in pursuing SAEI through JSC Romanov Group. Some beg to differ. They obviously have their agenda. Just like I do as a long.

This is a translation of the article via IE.

OXM Group controlled by Russian businessman Michael Prohorov and Russian JSC Group intend to buy all Rustamov 100% shares of gold mining companies Supatcha Resources Inc. (United States) with assets in Ukraine.

For a group of American company Rustamov said that the investment firm in Moscow, supported by several prominent and wealthy Russian family.

Supatcha Resources Inc. has positioned itself as the gold exploration company focused on the purchase and development of assets in Ukraine. Until recently, Supatcha did not actively operating activities.

Supatcha in early April 2010 in $ 7.5 90% Poltavas Capital Management Ltd (British Virgin Islands), which owns the Ukrainian company "zoloti Vorota", which in turn owns a license for developing a Vinogradiv Barlevsk and gold.

At the end of September Supatcha acquired 98% gold mine «may in Odesa Oblast Savransk area for $ 3.5 million. Else $ 2.8 Supatcha intends to invest in expansion of production on this site within the next year.

Finally, 7 December Supatcha Resources announced the purchase of 50% stake in gold deposits "Wide Beam (Nikopol Dnipropetrovsk oblast).

http://finance.obozrevatel.com/business-and-finance/rossijskie-biznesmenyi-boryutsya-za-ukrainskoe-zoloto.htm

You and your cronies can short or naked shorts can short all SAEI all the way down to .0001. I don't give damn. As long as the offer ist still on the table, I am holding and will continue to add on any weakness. I know in the end when the deal is done. I will get $2.50/share.

Like, any buyout offer, you hold your position until the payday. Mind you that closing could take months. The stock price will be jacked around, jacked around.

There will be tons of people in denial that the offer won't go through until the day after it is official.

If the stock is still trading @ .0001 or any lower the price of the offer, the day the offer is to finalize, I am backing up the truck....... :)

I wonder if there has ever been such a short on record. I would hate to be short on this one leading up to the date of record where it is official. What a nasty call from your broker, especially if your naked short. ROFLMAO!

The stock price could actually go higher than the buy out price give that scenario.

What is the difference in translation?

IE translation

OXM Group controlled by Russian businessman Michael Prohorov and Russian JSC Group intend to buy all Rustamov 100% shares of gold mining companies Supatcha Resources Inc. (United States) with assets in Ukraine.


Google's translation:

We still have not heard from the company pertaining to these questions.

We are expected to see an update from the company as early as today.
That is what they are saying in their PR.

The facts are someone is going to buy this company for $2.50...

Really? Would you mind documenting those "facts"?

I advise any and all longs to do the same.

So you're a financial adviser now?

No, I am not a financial advisor. I am shareholder and it is my opinion and my opinion only. I advise any and all folks to seek the advise of a financial advisor.

Now, the facts. Like you and all the other 5000 shorts on this thread, you have twisted everything in black and white and have put a negative spin on it. We have yet to hear from the company and their side of the story. You and the other 5000 shorts are already assuming everything is incorrect and it was some elaborate pump and dump.

I, am waiting until I hear what the company's response is to these things before I make a decision and it is my opinion, that any and all longs to do the same. It is just my opinion and my opinion only.

Now, to the facts. These are the facts based on this article.

If this article is correct, just like you believe Michael Prokhorov's denial of not being involved with the company is correct, then this entire story is far from over.

It is my belief, while Michael Prokorhov says in his PR on his website, he denies any direct association with SAEI, he doesn't deny the fact he is going to acquire 100% of the shares of JSC Romanov Group. The same company that has made the second offer to SAEI for $2.50/per share. It says it in the in article, right there in black and white.

The article once again, in black and white:

OXM Group controlled by Russian businessman Michael Prohorov and Russian JSC Group intend to buy all Rustamov 100% shares of gold mining companies Supatcha Resources Inc. (United States) with assets in Ukraine.

For a group of American company Rustamov said that the investment firm in Moscow, supported by several prominent and wealthy Russian family.

Supatcha Resources Inc. has positioned itself as the gold exploration company focused on the purchase and development of assets in Ukraine. Until recently, Supatcha did not actively operating activities.

Supatcha in early April 2010 in $ 7.5 90% Poltavas Capital Management Ltd (British Virgin Islands), which owns the Ukrainian company "zoloti Vorota", which in turn owns a license for developing a Vinogradiv Barlevsk and gold.

At the end of September Supatcha acquired 98% gold mine «may in Odesa Oblast Savransk area for $ 3.5 million. Else $ 2.8 Supatcha intends to invest in expansion of production on this site within the next year.

Finally, 7 December Supatcha Resources announced the purchase of 50% stake in gold deposits "Wide Beam (Nikopol Dnipropetrovsk oblast).

http://finance.obozrevatel.com/business-and-finance/rossijskie-biznesmenyi-boryutsya-za-ukrainskoe-zoloto.htm

You and your cronies can short or naked shorts can short all SAEI all the way down to .0001. I don't give damn. As long as the offer ist still on the table, I am holding and will continue to add on any weakness. I know in the end when the deal is done. I will get $2.50/share.

That is the offer on the table. Until that offer is taken off the table, I am staying put.

I am alson not convicting anyone of any crime via the internet in some public forum which many believe is the correct place for any and all info.

I am holding until I hear otherwise from the company.

As we well know, the company definitely has some explaining to do.
I will give you all that much credit.
It will be interesting to see how they address the screw up on the Testing guy.
Business acumen, it remains to be seen how they handle this all.

I am expecting a PR tomorrow and I believe most of the concerns will be addressed. Some will still think it is a scam no matter what the company tells them.

Me, I am holding and will add no matter what the company has to say, because I believe the buyout is still in tact and will be.

How many companies actually file an 8-k for every business transaction they do? Come on, be real......
If they need to file an 8-k on the purchase of that property, then they are negligent on it. I will give you that much credit.

Companies release news when they feel it is necessary. Plain and simple.

It says right there in the article they purchased it......Tons of things have obviously happened over the past 2 months that are not in the last 10Q.

They bought the property in September for $3.5 million U.S. dollars. It is right there in the article.

At the end of September Supatcha acquired 98% gold mine «may in Odesa Oblast Savransk area for $ 3.5 million. Else $ 2.8 Supatcha intends to invest in expansion of production on this site within the next year.

Use your translator on it in your IE

http://finance.obozrevatel.com/business-and-finance/rossijskie-biznesmenyi-boryutsya-za-ukrainskoe-zoloto.htm

They own the property dude. You need to do your homework. They purchased it in September...


Staying long and backing up the truck tomorrow morning on any weakness...... Yeeaaaaahhhhhaaaaa!

All longs, I advis you to do the same.

I am basing on the facts. They are there in black and white.....

The facts are someone is going to buy this company for $2.50 and no one, no one is going to pry my shares from me, no matter how low it goes if it does go lower tomorrow.

In fact, I will be adding ten fold to my position tomorrow on any weakness.

I advise any and all longs to do the same.

Shorts are screwed. There are tons of investments firms all of the world that don't do business on the internet.

There is no translation problems in that article. That says it all.

I am holding and will not, will not sell one single share and I will add on any weakness and will keep buying.

Maybe, just maybe of you use a Russian Translator, search engine, you just might pull up the JRG Group.


Longs, stay long!

These shorts are working way, way too hard here. They are obviously working for someone. Who could that be? Hmmmmmmm???

Could they be working for the same man that wants to acquire this company @ $2.50? Sure could. It makes sense. Short the stock down and accumulate as many shares as you can, so you are only paying yourself back @ $2.50. WOW!!!!!!

That is why you stay long and don't buy into any of their B.S. because they are working over time.....

Stay long and keep accumulating as many shares as you can get your hands on.

This stock is the real deal. It will not, will not be halted!!!!!

It is not fraudulent. Shorts are screwed tomorrow!

Many don't know this but Mr.Prohorov has been wanting to go public on the U.S. market through a Reverse Merger. I believe this is his ticket.

Read the article: Point Blank

Prohorov is going to buy 100% stake in the Russian company,
JSC Rustamov Group (JRG). That is the company that made the second offer.


Yes, I agree, he emphatically denies any offer directly to SAEI. However, in the press release there is no mention of the offer he is making to the Rustamov Group (JRG)

I believe we will see this all cleared up in a PR tomorrow. We may not see anything about Prohorov's stake, but we are definitely going to see another PR on the buyout.

No one! NO ONE! Is getting my shares!
No matter what kind of dip we may take at the open if there is no news. I am holding and will continue to hold through the buy out.

Shorts are screwed!

http://finance.obozrevatel.com/business-and-finance/rossijskie-biznesmenyi-boryutsya-za-ukrainskoe-zoloto.htm

This out today:

http://finance.obozrevatel.com/business-and-finance/rossijskie-biznesmenyi-boryutsya-za-ukrainskoe-zoloto.htm


OXM Group controlled by Russian businessman Michael Prohorov and Russian JSC Group intend to buy all Rustamov 100% shares of gold mining companies Supatcha Resources Inc. (United States) with assets in Ukraine.

For a group of American company Rustamov said that the investment firm in Moscow, supported by several prominent and wealthy Russian family.

Supatcha Resources Inc. has positioned itself as the gold exploration company focused on the purchase and development of assets in Ukraine. Until recently, Supatcha did not actively operating activities.

Supatcha in early April 2010 in $ 7.5 90% Poltavas Capital Management Ltd (British Virgin Islands), which owns the Ukrainian company "zoloti Vorota", which in turn owns a license for developing a Vinogradiv Barlevsk and gold.

At the end of September Supatcha acquired 98% gold mine «may in Odesa Oblast Savransk area for $ 3.5 million. Else $ 2.8 Supatcha intends to invest in expansion of production on this site within the next year.

Finally, 7 December Supatcha Resources announced the purchase of 50% stake in gold deposits "Wide Beam (Nikopol Dnipropetrovsk oblast).

Yadda, yadda, yadda!......

Will double down here real soon. Sitting on all profit now anyway.

I would like to pick up 200k if it all possible. Are you going to oblige me before the day is out?

Waiting on the PR. I think they all have heard your opinion well over 100 time sin the past 24 hours......

I just got in today for the first time @ .119 and on my second round trip from .12. I will hold until I see the PR from the company and I advise all other longs to do the same.

There are way, way, too many shorts on this one boys and girls. This is one is wound tighther that a rubber band.

It will run before the day is out back over .20

The SEC takes all the info that is provided to them and will contact the company directly, usually via telephone. If the company can not come up with some valid evidence to shine some light on what many believe to be blatant lies by the company, then the SEC will hault the stock to do further investigation.

As many folks that have contacted the SEC, I assure you the company has heard from the SEC by now.

If we have not seen a hault on the stock by now, we won't see one.

There were some folks on this thread that said they had contacted the SEC on Saturday. That was 72 hours ago.

It won't get haulted and as long as the company submits some news tomorrow clarifying everything, we could be seeing the .30s, if not higher.

I will have some kind of update for you on WMDA before the day is out. That is my goal. Will be making some calls.

Down on so little volume. Selling should dry up here in the next day or two, then we should head back up.......JMO

Good move! It is the company that is question. Shorts all over that story. Do keep it on your watchlist. Nothing expected to happen until March when the deal is suppose, suppose to be finalized. We could see it drift below .10....That is where I will buy it next. Not until then.

Cheers

Be patient longs, I never did get two orders filled above this morning's bid from two different brokerage firms and the bid keeps moving up.

All signs point north!

I believe we may have some news coming soon. I have read the filings over and over and over and the RS, I believe is linked to some very, very positive news which I believe will push us higher.

All of this is in the filings and past related news.

This is just the beginnning, IMO.

$5.00 is still not out of the question. JMO

That is in the near term.

$20.00, if the shorts have not covered.

I have buy orders in on two different accounts above the current bid and they are not filling my orders...... We are going higher! Much, much higher!

Hold tight longs!

BLOAQ, I unloaded 80k from the .05 level around .15. Still holding 20k. I had to lock in my initial investment plus nearly $8k in profit. I got an uneasy feeling. I figured, I didn't want to see nearly $16k vanish from my portfolio when they announce the commons will be cancelled. I still don't believe they will. However, now I am playing with free shares.

Keep your eyes on GBOED today. If it bounces, jump on it. If it starts ging up, jump on it. Yes, even after being up nearly 1,000 percent, I believe it is going back above $1.00. I read the filings over and over. The new CEO and CFO, bonuses are heavily tied to their $20 million dollar funding which is suppose to happen by the end of th eyear. They get the funding for the company. They get a 50% bonus! Holy moly! That explains the RS at this time, which was done for the soul purpose of getting funding. That tells me the funding has taken place or is about to take place before Jan. 1, 2011. I have seen these funding deals done after the RS. They are usually donee higher than the RS price, most likely in the $1 or $2 range. Well guess what. The stock closed @ .56 on Friday. Unless my theory is all wrong, we go higher today. It moves on air.

I added Friday @ $2.25...... :), at the open.

I laugh at all the novices that get scared away by a secondary. The brokers have to peddle it at some point to their clients, then they have to get it higher so their clients can get out too...... :)

90% of the time, stocks will go up immediately after a secondary.

Usually, it is followed by positive news.

ASTM, that is why I have been buying it too. Tax Man......
It announced a secondary after hours on Thursday. I did not think I was going to get another opportunity to get it below $3.00

Looking for some news to come out of ASTM in the near future on the status of some of their trials.

RSI, still in tact. It is currently @ 52. We had very light volume on the downside Friday. That shows most folks are holding their shares for much higher levels. All indcations point to a reversal Monday.

The company give us news, we could easily crack $1.00 on less than 200k shares.

Shares as you can tell by the way the stock has traded, is gettting harder and harder to come by even on the sell off.

Add on any weakness. JMO

How did you fair on SPPH? It went as high as .34 on Friday. News as usual, iffy.

I was in @ .12 out of all of it @ .31.

Keep it on your watchlist. It is all over the place. It is worth a trade. I would not go long on that story, just a trade.
Definitely, many believe it is a scam.

Now watch it run to .50 on Monday, now that I am out....LOL

What we are witnessing right in front of our eyes, I believe, is a Reverse Merger. Old management stepping down and new management moving in key roles.
Yes, I understand there are some unanswered concerns. Fair enough, however, I believe as time goes on we should more and more of these concerns addressed.

One important one is the RS.
I will be the first to agree, usually when a company does an RS, it will be followed up with dilution all over again. It may be the same here, it is too early tell.

It is inevitable we will see some kind of additional shares issued to help the company grow. Anyone who begs to differ, should not be investing in any stock. That is why companies go public in the first place.

For example, one of my biggest hits many mooon was THQI. I road that stock from $3.00 to $10.00 in a matter of a few months. I then doubled my position at $10.00. That same day I doubled my postion, the company issued a secondary diluting the OS by 50%.
Mind you, due to my ignorance, I was very upset at the time.

I even called the company and spoke personally to the CEO. His exact words, "I am not concerned with share price at this time, I am concerned with growing a company". No shareholder wants to heare those words.

THQI went to go over $80 and the company did a forward split. One of the major video games today. :)

Patience is a key to investing. I realize many jumped on just for the run. I did, however, the more I dig, the more I believe we could have a huge winner here.

Time will tell.

"The Pipeline Construction Company"
GBOED expects to close on any day now.

Could this be the company? Very possible.

Gross Income $32,000,000

Cash Flow $8,430,000

Why are they selling? The owner wants to retire.

http://www.bizbuysell.com/Business-Opportunity/Oil-and-Gas-Pipeline-Construction/512113/

Kaching!

Another reason why GBOED brought i-bankers on board to assist them in acquisitions and mergers.
http://www.i-bankers.net/company.htm

Longs, it is critical to stay put and add on any weakness. We could see news any from the company. JMO

More reasons to hold and add:

These are the guys who are on board since May of 2010 to assist in helping with the acquistions and raising $20 million for GBOED

http://www.i-bankers.net/company.htm

Douglas A. Daniel will be the senior vice president of corporate development and finance. He has held positions of Managing director of NASDQ listed CBIZ Century Business Service and CEO of several of his own businesses. He has served as director or strategic advisor to more than a hundred companies in various stages of development-from start-up to IPO, including roles on the audit committee of public companies. He is a licensed CPA, a Certified Valuation Analyst, and a graduate of Georgia State University with a BBA in Accounting/Finance.

GeoBio and its investment bankers, I-Bankers Securities, Inc., are currently working to secure financing of up to $20 million to complete the acquisitions of the Colorado company and H&M.

Now the RS is making more and more sense. It tells us we are close to seeing some major news come from the company..... JMO

One of the acquisitions has already closed. My error.

SEATTLE, Oct. 5, 2010 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOE - News) ("GeoBio") is pleased to announce the closing of the purchase of Magna Energy Services, LLC ("Magna"). The transaction closed on October 5, 2010. Satisfaction of certain post-closing debt obligations will be required. As of the closing, Magna becomes a part of GeoBio's operations - adding strong revenue growth (30% CAGR) and profitability (38% EBITDA) to GeoBio.

Manga already generates a positive cash flow for the company.
We will obviously have a company generating positve revenues and could see a positive balance sheet per the current OS in the 1st quarter of 2011.

We have winner here folks!

There is tons of experience amongst management, however, Mr. Daniels is the one that stands out for me.

He had his own investment fund at one time.
He also has bought and sold more than 15 companies in the past 5 years. That tells me Mr. Daniels has some connectins in the finance and brokerage industry.

Douglas A. Daniel, 59, has joined GeoBio as the Senior Vice President of Corporate Development and Finance. Mr. Daniel's 25 years of experience in public accounting includes audit services, mergers and acquisitions, consulting and execution, and full-scale management consulting for the chemical, construction and manufacturing sectors. As the Managing Partner of a regional public accounting practice, he negotiated and orchestrated numerous domestic and international mergers and acquisitions in different industries. In addition, Mr. Daniel was Managing Partner of his own private investment fund and has bought and sold more than fifteen companies in the past five years. He has served as director, strategic advisor and on the Audit Committee to numerous companies in various stages of development, from start-up to IPO. Mr. Daniel is a licensed CPA, a Certified Valuation Analyst, and has a BBA in Accounting/Finance from Georgia State University.


I Believe he is the man with the plan.