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Agreed and I stand corrected today is the last day of the old
http://www.cnbc.com/id/101922263
What's not surprising is the "new fix" is made up of the same cast of characters as the old. We shall see what the cat dragged in soon enough
Are we seeing an inverted yield curve?
http://investmentresearchdynamics.com/30-yr-treasury-yield-the-economy-is-collapsing/
" think bbda is undervalued at this time an will be a buyout candidate $$$"
Please share this valuation with the rest of we are on the edge of our seats waiting for such foresight to materialize.
Is today day 1 of the brand new Silver Fix? They must have done a fabulous job bc nothing looks different?
Can't get the link to work but go figure it was created by the Feds
Thanks swipple I'd hate to see that emotions are driving the decisions of management these days but there are only 2 reasons they are not getting back to you:
They can't
They wont
If this is an indicator as to how management handles criticism this will be one short trip. I don't see any others lining up for shares so it would be good to take care of the few they do have.
But I'm not running the company so take it with a grain of salt
That's a great question but market makers can hold inventory in the OTC markets because they are so thinly traded. But often shares are merely passed from one mm to another to create the perception of a quasi liquid market.
If you think about the "herd mentality" that typically follow a single trader in and out of pink securities and parlay it with a paid promotion you can see how dislocated the pps can become relative to its underlying value. Hence the high market multiples that come with these risky growth stocks
The market makers do indeed live in a shade of grey but these guys don't care about anything other than making money on the volatility of the pps. Up or down. The bottom line is if there were that many shares available to short we'd all be jumping on these pinks only to drive them straight into the ground.
"Tell me why I am wrong for taking a negative view of the current situation."
Your analytics don't tell the proper story of an OTC security. I mentioned this to another guy who claims to have shorted this stock along with the rest of the ihub comunity. Its funny that nobody mentions the extraordinary high margin requirements required to short a pink nor the availability of shortable shares.
Based on this board everyone seems to be throwing up shortable shares with no marginal consequence whatsoever. Shorting is less frequent than you think in OTC and pps activity is due to bad traders.
The sad thing is it wouldn't take much to move up this market cap. Am I to believe that management can't squeeze out any more value than a million bucks? Good grief the snickers machine that doubles as an MJ box of some sort can do wonders to a fraudulent company and its market capitalization.
As of today PMXO is a nada
Your topics were deleted due to the profanity you chose to use. I am not moderating this board any longer so feel free to indulge.
10q due by the 15th but we already know what the company revs are going to look like.
Participants in new silver fix ‘unclear’ three days before it goes live
Cecilia Jamasmie | August 12, 2014
With only three trading days left until the new electronic, auction-based and auditable substitute for the 117-year old silver fix goes live there is still no certainty over who will take part on Friday.
According to FT.com (subs. required), the first users of the new price setting process should be the 11 market-making members of the London Bullion Market Association, which include Credit Suisse, JPMorgan, Goldman Sachs and UBS.
None of them, however, has publicly stepped forward to say they will be involved in the Chicago Mercantile Exchange/Thomson Reuters-run price setting method.
To facilitate a smooth transition, there would be no major alterations to the way things are for a six-month period.
Dan Rees, head of strategy for commodities at Thomson Reuters, said last month that, to facilitate a smooth transition, there would be no major alterations to the way things are for a six-month period. After that point, however, a fee to access the data is likely to be instated.
The old silver fix was effectively killed off in April, after Deutsche Bank withdrew from the process as part of a wider retrenchment of its commodities business. This left only two banks on the fixing panel — Bank of Nova Scotia and HSBC Holdings—rendering the process unviable, according to people familiar with the matter.
The LBMA-led search for an alternative came as market regulators had been scrutinizing benchmarks across the financial sector in the wake of a scandal involving rigging of interest rates.
http://www.mining.com/participants-in-new-silver-fix-unclear-three-days-before-it-goes-live-26418/
Does someone want to take a wag at whether Brian actually covered ALL OF THESE BASES?
The SEC doesn't listen to penny stock investors but if there is something nefarious about this there will be hell to pay and the the Feds are terrified of a Muslim outrage. If Brian lied there is leverage against BBDA
HALAL Certification Process:
I. Definition:
A written declaration / ruling (Fatwa) by American Halal Foundation (AHF), stating the product is Halal and fit for Muslim consumption anywhere in the world, based on auditing process performed by AHF.
II. Purpose:
· To ensure the product is Halal (Divinely lawful) and Tayyab (pure, wholesome, and safe).
· To give assurance to the Muslim consumer that the product is halal, in fulfillment to his/her (Islamic) religious obligation to consume Halal.
III. Principles:
· Should meet Islamic dietary standards
· Should comply with all rules of AHF
· Should fulfill all administrative requirements
· Should conform to all documentation requirements
· Should be able to set up, implement, and maintain Halal Assurance System to
sustain Halal status of the certified product(s).
IV. Islamic Halal Dietary Standards:
· All materials should be halal.
· There are six categories of food that are Haram (Prohibited):
(Every thing is Halal except ABCD IS Haram)
A: Alcohol
B: Blood
C: Carnivorous Animals and Birds
D: Dead Meat (Carrion)
I: Immolated Food to other deities other than Allah
S: Swine (Pork and Pork By-Products)
· Haram materials should be avoided at every step of the production process, including in packaging, storage, transportation, and distribution.
· Contamination and cross contamination with haram material(s) must be avoided at every step of production, storage, and distribution.
· Should follow Islamic cleaning and sanitizing procedures.
· Integrity of Halal product(s) must be maintained all the way from procurement of raw materials through the production of finished product(s).
V. Registration:
(A) Processing Industry
i) Producer must register all the products that are produced in the plant/facility/location, and/ or have the same brand.
ii) Producer must register all the raw materials/ingredients used in the production of each of the products produced.
iii) Producer must register all the production facilities/plants, including toll manufacturing / Co-packing / Re-packing / Re-labeling / Private-labeling
iv) Audit will be conducted at all the facilities/plants/locations where the product is produced / handled / packed / re-labeled.
v) Audit will be conducted at critical material suppliers, if warranted.
vi) Producer must implement Halal Assurance System.
vii) Toll manufacturer must implement Halal Assurance System.
(B) Restaurant & Catering Service / Food Service
i) Restaurants / Catering Service / Food Service must register all menu items.
ii) Must register all the ingredients / raw materials used in the preparation of all the menu items.
iii) Must register all the outlets, kitchen, warehouses, and distribution agents.
iv) Audit will be conducted at all the facilities for all the menu items with all their ingredients / raw materials.
VI. Process / Procedure of Obtaining Halal Certificate:
· Producer should make a preliminary application requesting Halal supervision and certification (See Application Form)
· Producer should submit a list of all the products produced by the company.
· Producer should submit a master list of all the raw materials / ingredients used in the production of all the products produced at the facility / plant / location (Spread Sheet of Matrix of Materials).
· Producer must identify products to be halal certified.
· Producer should submit a complete list of all the raw materials / ingredients used in the production of each product to be halal certified (Spread Sheet of Matrix of Materials).
· Producer should allow plant audit and inspection to assess facility for halal production.
· Producer must sign an agreement with AHF.
· Producer must set up Halal Assurance System (HAS) at the production facility / plant.
· Producer must appoint an Internal Halal auditor / Coordinator and a team who will be responsible to implement the Halal Assurance System.
· Producer should submit six monthly (Biannual) report of Halal Assurance System Implementation.
VII. Auditing:
(A) Scope of Auditing
i) HAS Implementation
ii) Raw material/Ingredient checking
iii) Product formulae checking
iv) Warehouse observation
v) Production observation
vi) Cleaning / sanitation procedure checking
vii) Laboratory analysis (if any)
viii) Packaging / labeling / storage / Transportation checking
(B) Auditing Steps
1) Assessment of HAS Implementation
a) Evaluation and Verification of halal management organization
b) Evaluation of Halal policy implementation
c) Checking and verifying documents of HAS implementation
d) Orientation of HAS to employees/staff
e) Training
f) Communication
g) Internal halal audit system
h) Management review of HAS
2) Raw Material Checking
a) Administration system of materials (coding system)
b) List of all raw materials, their suppliers, sources of origin, halal certificates (if any). See the Spread Sheet of matrix of Materials
c) Documentation of purchasing of all materials
d) Verification of material documents
e) Identification of critical ingredients
3) Product Formulae Checking
a) Product formulae ID numbers
b) Check raw materials / ingredients of product formulae
c) Production sheet
4) Warehouse Observation
a) Check system of goods receiving in the warehouse
b) Check system of storage of products / raw materials
c) Check possibility of co-mingling, mislabeling, contamination
d) Check material verification with documents
5) Production Observation
a) Check manufacturing/production flow chart
b) Check production lines
c) Identify critical points of co-mingling, contamination, cross contamination
d) Check record of products produced on halal lines
e) Check product routing system
6) Cleaning / Sanitation Procedure
a) Check cleaning / sanitizing agents
b) Check cleaning / sanitizing procedure
c) Check disposal (of waste material) system Laboratory Analysis
a) Send samples to independent laboratory for checking critical raw material(s) / ingredient(s), if necessary.
7) Packaging / Labeling / Storage / Transportation
a) Check packaging material for contact surface to finished products
b) Check labeling is appropriate and accurate
c) Check storage system of halal products and non-halal products
d) Check logistic system of transportation
VIII) Monitoring System
1) Semi annual report of Halal Assurance System (HAS) implementation
2) Report of every change of raw material, supplier, and production system
3) Staff Training
4) Unscheduled inspection
http://www.halalfoundation.org/certProcess.htmFLOW CHART OF HALAL CERTIFICATION PROCESS
Yes that's exactly what they do because this clueless "CEO" knows even less about Islam than he does about scaling a publicly traded business. Start posting this PR on the Muslim biz sites and watch what happens to this arrogant pos.
"The Reverse Stock Split would become effective upon the filing of a Certificate of Amendment to our Certificate with the Secretary of State of the State of Delaware. The timing of the filing of the Certificate of Amendment that will effectuate the Reverse Stock Split will be determined by our Board based on its evaluation as to when such action will be the most advantageous to us and our shareholders. In addition, our Board reserves the right, notwithstanding shareholder approval and without further action by the shareholders, to elect not to proceed with the Reverse Stock Split if, at any time prior to filing the amendment to our Certificate, our Board, in its sole discretion, determines that it is no longer in our best interest and the best interests of our shareholders to proceed with the Reverse Stock Split. If a Certificate of Amendment effecting the Reverse Stock Split has not been filed with the Secretary of State of the State of Delaware by the close of one year from the Record Date, our Board will abandon the Reverse Stock Split."
Yup
"BUD BOX Terminals
Deployment will be soon with a hard start date to follow this week."
"MGIV Gold Terminal
PMX is pleased that the company has entered into an exclusive memorandum of understanding in the USA to market the MGIV to the numismatic and coin industry. We believe the terminal is a new source of revenue for many coin dealers. The numismatic industry has always entertained new avenues to sell their products. Many of the companies were the first to use online platforms and we strongly believe this new relationship with terminals will bring the MGIV back to the USA."
July update and we still do not have either. I will continue to remind management until they can prove this speculation or until I feel its time to liquidate my position.
Lol even in the toughest jobs there's nothing a good box of Crayola's cannot handle
I don't think management has anything worth while to report navy. Discount the ihub buzz and nobody is talking about this company and or its speculative product line.
100 million armed Americans can send them packing but unfortunately The Coward and Chief will likely grant them amnesty first. It would be "unfair" if they had to sneak in with the the rest of the illegals.
The US govt punishes its legal citizens and embraces those that break the law. The United States all but handed them Iraq on a silver platter so I can't imagine ISIS is expecting much resistance once they organize their way into the Western Hemisphere.
Just my opinion
I understand that but you didn't answer the question about the margin requirements. I will ask again because I looked into shorting these pinks years ago and found the transactions carried too much risk in markets that are often thinly traded.
Margin requirements were excessive and down right rediculous. What are they like today? TIA
"thankfully I got some money back again by shorting MCIG"
Do you mind sharing the broker you are using for the shortable shares as well as the margin requirements of that broker?
http://www.truth-out.org/buzzflash/commentary/amendment-to-overturn-citizens-united-now-supported-by-half-of-senate-members/18796-amendment-to-overturn-citizens-united-now-supported-by-half-of-senate-members
The Fraud in Chiefs's latest bowel moving strategy at a rememberable legacy? Someone may want to inform this moron the Senate is about to change.
"Sorry you feel this way. When we have a "hard date" we will release information."
Management sets the expectation not the shareholders. Echoing the guidance of a previous released "update" only to have it changed with little to no explanation tells me there is a problem with the guidance and not the shareholder.
I honestly don't blame them for circling the wagons swipple. There is nothing to report and finally management understands the concept of "what not to say" on this ghetto exchange. Its damned if you do and damned if you don't in the OTC and the only 2 things that matter are revenues and/or paid promotions.
Weak guidance justifies the stock's current activity
Lol that's the equivalent of you and I going to traffic court and being fined $.25
Too funny!
Americans can't be surprised
No problem navy and like i said I will hold onto my shares since I'm averaged in at a decent price. But I don't have time to wait for the answers to the same frequently asked questions each and every week.
Maybe management can pull this together but 2 years is enough time for me to moderate this board. Good luck to my peeps I will be back if and when management is able to execute on any of their deliverables
PMXO
Yup
July Payrolls: 209K, Below Estimate; Unemployment Rate Rises To 6.2%; Wage Growth Below Estimate
If today's market desperately needed some bad news, it got it moments ago when the July payrolls printed at 209K, below the 230K expected, and far below the June upward revised 298K (was 288K). But is the momentum slowing enough to force the Fed to push QE back? The unemployment rate rose modestly from 6.1% to 6.2%, beating expectations of an unchanged print driven by a decline in the people out of the labor force from 92.1 million to 92.0 million while the labor force participation rate rose by a tiny 0.1% to 62.9%
http://www.zerohedge.com/print/492166
I bet that restaurant has the most delightful atmosphere to dine and will never ever be robbed so long as that sign is up. It's like putting a diner in the middle of a gun club everyone has a great time, feels safe and enjoys the company of one another
It isn't until I go to the grocery store that my blood pressure gets jacked
Personally I wouldn't waste any more time on it navy but if you do god speed my friend ;)
Nope
Wednesday UPDATE at PMXO: <Crickets>
New website: NOPE
Launch Date: NONE
Solid ;)
I prefer a nice unbacked derivative like SLV to maximize my returns Going forward while banking the profits into a CD or Money Market account with JP Morgan Chase or Wells Fargo.
I'm on the cutting edge in case you hadn't noticed $UPERMAN ;)
I see religion and or anything else being leveraged as a wedge to do just that balihi....fire up the war machine. Whoever posted that 70 year map of Palestine and Israel opened up my eyes to something I didn't know
Russia/Ukraine take your pick but Western media drives this insanity while Americans continue the quest for their "human rights" such as free Wi-Fi and home ownership ;)
FUBAR
In a marginalized world where debt is the life blood of our very financial existence and precious metals being a beacon of wealth preservation.....bank the weed plays and store your wealth in something tangible.
Of course that statement has no relevance whatsoever to PMXO but MC*G is looking mighty tasty peeps ;)
That's a fair analysis navy
They need to keep that under wraps until control over the senate can be established. Most folks don't know what's going on or anything for that matter and impeachment sounds like the "Boogie Man" during an election season imo
I'd like nothing more than to see the Coward in Chief forced to step down but then we get the babbling VP for the remainder of the term. Talk about an idiot lol