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Or it might....not
Who soon will be able to only afford Ramen.....?
spark, does sonething not seem odd about those figures to you? Like a few facts such as: the total world production of rhodium is maybe 200,000 ounces per year. (I'd have to look up the numbers, have the link somewhere.
And, a world class Pt deposit is likely to have well under .5 opt Pt, yet Heter (who did no assaying but only parroted Jordan's laughable ones) claims over 5 opt.
There is no orebody on earth worth even 1/5th of those figures, which are from tailings, NOT concentrates as the company so boldly proclaims. They ARE tailings from Spieleman and Bender's placer operation, which had .005 opt Au. The State's valid assays show that they missed another .005opt worth, but only trace pgm's.
Cindy there was a paltry 5-6 posts in nearly 2 hours besides Tut's while they waited. then Tut posted the baaaaaaaaad news, and now a good 60 or so more posts have been put up in the last 20 minutes.....poor Ben......
maybe he rode a waterlogged amazonian log to the murky bottom and is trapped underneath. Eeek. too bad, none of my steroidal chainsaws are hydraulic or I'd jump to the rescue. hehe.
so the bashers have hacked his puter? Whodathunkit??
here's that photo, which shows that the containment pond is now empty, which is a pretty good sign that nothing has happened at the mill for ages: http://i10.tinypic.com/30da4uu.jpg
In photos from Jan '05, it had water in it. Word was that tanker trucks were seen delivering many loads of water, just in time for the dog and pony shows that they put on back then.
Too funny, not only is Ben barely literate, but he can't figger out the internet....
By TUT:
Shareholders. For some reason Ben is not able to log in. He has been trying but it has not worked. I have been in touch with him to see what the problem is. I am trying to reach him by phone again so everyone just carry on until I can reach him. I have just tried to email him twice and for some reason the aol system servers are not sending emails to him so that could be the problem. I will try again and if he can't come on today I will come back and post the update I received from him earlier.
Amazing, they told the HSM culties not to post, in deference to Benbo.....that's the only things that's ever slowed down the frenetic posting rate over there.....
Did you see the ovehead photo shot this summer? It looks like some dirt has been moved around....but the two main pits appear unchanged..hard to tell for sure though.
They can't do anything without filing quarterly reports with MSHA, which they had never done as of a year ago. Can't say about recently.
Would you mind if i put up an old post of oaks from before NMCX came into being?
Here, spark, just trying to help out. Have you seen the first SV video version?:
http://www.peeplesinc.com/Arizona%20Video%20.htm
Ummm, care to show me the filing where they're going to change the A/S? Hmmmmmmmm. You won't find it in the 10-K, either version.
Benson is listed, under his first name:
http://www.pcaobus.org/Registration/Registered_Firms.pdf
False alarm, I thought the latest thread was closed. I edited my last post. It was up just long enough for some yahoo to call me a liar.
Big, thanks for doing that legwork. kinda confirms the audit red flags.
Edited post apparantly HSM still allowing CSHD posts.
So, like Tut, and others of his "flock", you are giving investment advice now?
you said: "Here it is plan and simple. They can issue these shares they have enough authorize shares to do so. That is all they need. The 10K is the annoument they need to increase the float."
Ummm, you'd best go read the co documents again. The A/S is 200mm. In order to change it, they have to give 15 days notice. And, pursuant to SEC Rule 10b-17, they have to give 10 days notice when issuing shares. http://www.otcbb.com/aboutOTCBB/secrules.stm#SECRule10b-17
Also, the A/S has nothing to do with "float". Can you
explain what these terms mean?: a/s, o/s, and float?
That's poppycock. Market cap is determined in the free market, by the street, not by Rufus' magic wand.
No, I got it at .12 18 months ago.
Everytime I hear that, all I can think of is the HBO series "The Larry Sanders Show"....remember, he always said "no-flipping", as in the TV remote control
Heh, I don't own any shares either...worth a try. They'll wonder how your name got there....I'm sure many know you.
Edit...done...go check!
Edit again, saw your pm...Heck I don't care if I get banned over there....
I'm a freeloader, so can't pm ya back......
I'm gonna have fun climbing/logging a nearly 4 foot at the butt doug fir Thursday. It'll scale out at well over 1500 board feet, would be a lot more but its a city tree and only 110 feet tall.
I wonder if Mikey A wants to hire an above ground logger that ain't waterlogged?
Wrong Ziggy......he needed to file to increase the A/S...15 days before...which, by the way, usually requires s/h approval. (Maybe not in a merger situation...)
and, as well, read this...and don't say it isn't applicable to this situation, unless you can back up your assertion:
SEC Rule 10b-17
10b-17 Untimely Announcements of Record Dates
a. It shall constitute a "manipulative or deceptive device or contrivance" as used in Section 10(b) of the Act for any issuer of a class of securities publicly traded by the use of any means or instrumentality of interstate commerce or of the mails or of any facility of any national securities exchange to fail to give notice in accordance with paragraph (b) hereof of the following actions relating to such class of securities:
1. A dividend or other distribution in cash or in kind, except an ordinary interest payment on a debt security, but including a dividend or distribution of any security of the same or another issuer;
2. A stock split or reverse split; or
3. A rights or other subscription offering.
b. Notice shall be deemed to have been given in accordance with this section only if:
1. Given to the National Association of Securities Dealers, Inc., no later than 10 [calendar] days prior to the record date involved or, in case of a rights subscription or other offering if such 10 [calendar] days advance notice is not practical, on or before the record date and in no event later than the effective date of the registration statement to which the offering relates, and such notice includes:
i. Title of the security to which the declaration relates;
ii. Date of declaration;
iii. Date of record for determining holders entitled to receive the dividend or other distribution or to participate in the stock or reverse split;
iv. Date of payment or distribution or, in the case of a stock or reverse split or rights or other subscription offering, the date of delivery;
v. For a dividend or other distribution including a stock or reverse split or rights or other subscription offering:
a. In cash, the amount of cash to be paid or distributed per share, except if exact per share cash distributions cannot be given because of existing conversion rights which may be exercised during the notice period and which may affect the per share cash distribution, then a reasonable approximation of the per share distribution may be provided so long as the actual per share distribution is subsequently provided on the record date,
b. In the same security, the amount of the security outstanding immediately prior to and immediately following the dividend or distribution and the rate of the dividend or distribution,
c. In any other security of the same issuer, the amount to be paid or distributed and the rate of the dividend or distribution,
d. In any security of another issuer, the name of the issuer and title of that security, the amount to be paid or distributed, and the rate of the dividend or distribution and if that security is a right or a warrant, the subscription price,
e. In any other property (including securities not covered under paragraphs (b)(1)(v)(b) through (d) of this section) the identity of the property and its value and basis for assigning that value;
vi. Method of settlement of fractional interests;
vii. Details of any condition which must be satisfied or Government approval which must be secured to enable payment of distribution; and in
viii. The case of stock or reverse split in addition to the aforementioned information;
a. The name and address of the transfer or exchange agent; or
2. The Commission, upon written request or upon its own motion, exempts the issuer from compliance with paragraph (b)(1) of this section either unconditionally or on specified terms or conditions, as not constituting a manipulative or deceptive device or contrivance comprehended within the purpose of this section; or
3. Given in accordance with procedures of the national securities exchange or exchanges upon which a security of such issuer is registered pursuant to Section 12 of the Act which contain requirements substantially comparable to those set forth in paragraph (b)(1) of this section.
c. The provisions of this rule shall not apply, however, to redeemable securities issued by open-end investment companies and unit investment trusts registered with the Commission under the Investment Company Act of 1940.
OTCBB Service Rules
Rule 15c2-11
Rule 3b-4
Trade Reporting Rules
Rule 15g-9 (Sales Practice Requirements)
Rule 10b-17
Selected NASD Rules
http://www.otcbb.com/aboutOTCBB/secrules.stm>>
Credit cindyyoohoo, and PurlGurl for finding this.
Hey, Dim, at least he wasn't speaking in tongues, and he left religion out of it.....
I was posting a bit over there...and kept seeing that drivel...as about 20 gazillion kool-aiders quoted it...in between their dreams of imminently trading on the "Q"
You think?
But hey, the buzz over at HSM is that they could move to NASDAQ at any time......wow, imagine dat....
No, what's dat, a motorhome?..I wish!
No, but I'm a long term holder of PTSC, at .25....and TCLL at .12, an OTCBB which will have over $1bn in sales this year, and currently has a 4 or so PE........and it flies way under radar.
CSHD could be subpenny within a couple months, or at least back under a dime....and will, if the SEC gets off its arse....
OT, Yep rabblerouser, Lee has put out 2 great pieces--- and had a bunch of attacks from the Kool-aiders...
I just posted SEC Rule 10b-17 (credit to PurlGurl) over at that amazingly awful HSM pump board...and of course received a protest from one fella, who is parroting Rufus's absurd claim that he isn't diluting or splitting the stock, but is affecting a restructuring price reset.....what a crock. But he'll have to up the A/S by a factor of 4 or so.. and that requires 15 days advance notice, and usually sharelholder approval....
No other posters took notice, but were babbling about how CSHD could magically start trading on NASDAQ at any moment..... or about how they were going to be getting a new Porsche Boxter.......and posting at the rate of 3-6 per minute.....
PTSC is a real company.....CSHD....well, at this point, it is anybody's guess....but hey, they do have $1860 in the bank....or did, as of a couple days ago.
oaks, just wait...If they try and claim any subastantial value from SV or the other undeveloped properties, say, similar to what they did before, you can bet that the SEC will take notice.
True, sparks....however, Had the SEC really noticed what happened, they would never have allowed NMCX to trade...as HCCA was revoked, yet its shareholders had their shares transferred to NMCX, which was highly irregular, and probably illegal.
I see your last posts in this line of questioning garnered no responses. I reckon the truth hurts, eh Sammy?! Good work, as usual.
Tecvhnically, I suppose you are right. But, the market cap won't change just because new shares are issued, so expect the price to drop again, just like it is doing now and may continue to do so.
So, the effect will be the same as a forward split.
Umm, slayton, you got it backwards. A r/s results in less shares, a f/s more.....I'm sure you just missed the mistake.
The formula was written wrong. typical CSHD sloppiness...
i think this post on hsm is right:
Originally Posted by Sano
and again... CALM
(15-X)/X
Ex. 10/30/06 pps $5
(15-5)/5 = you get 2 shares
if you have 2000 shares at $8 by the 10/30/06=
(15-8)/8= 0.875 shares, so you get 2000 x 0.875= 1750 shares
Ok, let's take your example of 3.87, which equals 15 when squared:
15/$3.875=3.870967741 shares-$3.875 or one share = 2.875 shares that would be granted.
No, at that price, you'd get 2.87 additional shares. (3.87 shares minus the 3.87 share you already had.) I think....
One problem with that scenario, if the share price is still around $2-4, where would they get the shares? The authorized number is nowhere near high enough.
And, if this massive dilution did occur, the share price would readjust downwards, most likely. Way downward.
Rufus is basically hoping the market adjusts the price to near the $15 area by Oct 30. Hasn't happened so far, will it now?
Fred, here's the case doc. Note that nowhere in it, did the company prove there was any real value in the tailings, just that the state had no authority to reevaluate mid lease.
http://www.cofad1.state.az.us/opinionfiles/cv/cv020408.pdf
Fair enough, spark...
Ozark, not that it's relevant to anything important, but here's rookie's post claiming to have 120k in CSHD.
http://www.investorshub.com/boards/read_msg.asp?message_id=14024117.
so, rookie, which is it? about $50k invested, or 120?
either way, that's a lot, if the stock tanks, as it well could.
Only problem is, johncee, those assays, the ones done by Jordan and Shah, are bogus. 100% false. Same with the "ore" "sale" to the unanmed buyer....it's a sham.
And, if the new assays were done by a reputable lab, of which there are few, they will reveal the true values in that dirt, which will be at most a couple million $......
There have never been any pgm's in marketable quantities come out of any desert SW mine, and most likely never will.
If the SEC halts the stock, it will be because they already have doubts as to the accuracy of the publicly disseminated information. And, with BB stocks, it is normally for 10 trading days, I'm pretty sure. They would have no reason to halt the stock right when the 10-K comes out.
I think Cindy meant to convey that someone reading her posts might have a light bulb come on, and realize that, maybe, just maybe, CSHD does smell...thus the reason to have a vomit bag handy...
How right you are, cindy. I just checked a few of the dude's posts....wow, that's some real in depth quality there, eh?
ummmm...
Why should I believe Rufus? What has he ever accomplished that is verifiable? Well, besides the BBAN fiasco, Greneleaf....and more of his sordid ancient history...how about a plethora of PR's that never happened? How about a non payment to GA? How about a recent default of interest payment on one of his purported fully owned bonds? Want me to go on?
Unlike the Kool-Aide drinkers, I don't accept info in an 8-k as gospel....remember ENRON?