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Better now? Trade them. They will alawys pay off.
Good! YOu should be fine to have your post be left alone here regarding the scam unfolding at rens.
Dunphy, has Dodge then therefore exposed himself to sanctions as described in the action against Spooner? IF so, the mystery as to why your post disappeared is forever answered. I don't like the game these touts are playing. Stinks, and the only solace I take is that their work falls largely on deaf ears as these boards are sparsely active save for their tireless late night efforts to post back and forth to each other to make it appear that these connected boards are active. One needs only to look at the anemic volumes in this junk to disabuse themselves of any notion that any meaningful action is occurring among them. Their perfidy is kept well in check.
911, Thanks for the tips. I don't play the subs. Too boring and small players can't handle the size of trades in dollars I usually play. My trades are usually in the several 10s of thousands range which with a lot of these sub pennies is their whole days' volume if not weekly.
No problem. Great options chains too with these if you like selling covered calls to reduce your cost basis or playing other strategies while you hold the underlying.
911, you like CTSH? ME too.
Look at ADS and FFIV. You'll love these two.
I'm thinking you're late to the party. Doesn't mean you won't make a buck or two but you might have to wait a bit.
For a bit. I never stay too long when a stock this low runs. I take a good profit and never get greedy especially when a position isn't optionable.
Other favorites I have heavy positions are
CTSH 1500 shs
ADS 1500 shs
FFIV 5 80 naked puts
FFIV 7 90 naked puts
SRV 2000 shs Dividend yield over 10%
BKCC 4000 shs Dividend yield over 10%
To name a few.
These are very long positions I've been in for years.
In yesterday at 3.66 for 7500 shs added another 2500 @3.95. Cool 10k shares but even this exceed my expectations for how high and how fast. No options chain so I'm using a bracketed trade for a stop loss but I'm really not worried. Must have caught this before other read the news on msmoney.
Just placed on watch list. I might buy a few thousand shares for fun.
NICE BOUNCE OF THE LOWS BABAY!!!!!!!!!!!!!!!
What's the problem overachiever? I thought I had hit the motherload when I had a chance to own a piece of a publicly traded T-Shirt store.
LOLOLOLOLOLOLOLOLLOLOLOLOLO
Seventen, Ah yes, that's the ticket...let's see what the weavers of tangled webs can come up with next as they clearly haven't run out of silk.
Maybe a gold mining company, or perhaps cloud computing. Or, maybe the next search engine to topple GOOG's hegemony over search.
Yeah, that's it. I mean they have been soooooo successful at their past endeavors, can't wait to hitch your wagon to their star, can ya, seven?
And just what exactly is their area of expertise that you await a detailed business plan demonstrating their aplomb at said? Any clue? What could it possibly be that wouldn't be so much jargon laden bullshite? And last I checked, delivering on any promise they have ever made isn't exactly their strong suit.
Fool me once, shame on you...Fool me twice, shame on me...Fool me thrice...well, you have clearly found the right person to fool.
Never Colorado. Here's why...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59364417
View replies as well. Well reasoned posts usually generate unanimity.
Oh yeah, add to that the fact that the business license is in default. Do you really think there is any more activity progressing on your behalf?
Few do.
This stock is the type that you sort of "set it and forget it". Such a good company that I wouldn't sell at any price. I protect my position with various options strategies, namely low cost collars and when ever I think out and up calls get a little pricey or out and down puts, I sell covered calls or go naked on puts and pull in premium to further reduce my basis. Option adjusted split adjusted basis currently 30.84.
I hear the short was forced to cover at the 25th decimal and did so willingly and no further cover requirements need to be met for this company as well as FFGO and HGLC. I actually saw the trades on my Level IV platform (sorry, not available to penny traders only big trading account players like me).
Yeah, all over now except for the crying.
Call your brokers and ask them about Level IV and the trading that went off in the trillions at the 25th decimal. Or was is 26th? Not sure as the trading was rapid fire and looked like a buzz cloud of frenzied executions.
Trust me, I am friend to all NSS short believers.
This just in...Despite pleas from its most ardent supporters and interested onlookers NMGL, a recently down-listed pinksheet stock company which fancies itself as an Institutional Mining Fund, continues to flout its responsibility to remain current with all required publicly filed SEC forms now going on over 70 days delinquent with no filing date even hinted at by a self-gagged purported reporting company. And in a similar display of defiance against regulatory authorities by its dysfunctional management, the company remains several days past due with its responsibility to maintain its business license in the state in which it is presumably domiciled.
And now, in a desperate effort to deflect derision and ridicule and provide some semblance that the company isn't a de facto defunct company, certain loyal followers of the regulatory basket case that is NMGL, left with with no other choice but to produce news on their own, are now reproducing news of other indirectly related entities as some form of entertainment or for god knows what end.
News and film at 11.
Hunter very astute. I have to agree with your assessment that this Jack of All Trades master of None operation could only garner a following in this wasteland of common sense. A brief history of the RENS empire and its ineffectual existence...From coffee to gold and all points in between with one overarching theme. Failure to launch!
From their most recent 10Q
The Company has been in various development stages from its formation through November 18, 2010. It was formerly engaged in establishing retail locations for the purpose of selling coffee and related products at drive-through establishments in North Carolina. No locations were ever completed and no revenue from retail locations was realized. Subsequently, the Company sought to raise capital for the purpose of acquiring or constructing a facility to process liquid waste into ethanol. The plant was not acquired and the required funds to construct a plant could not be raised.
Beginning November 18, 2010, the Company entered an exploration stage when the Company decided to change its focus of operations and acquired interests in certain mining claims, as well as a mining and mineral lease of certain patented mining claims, which are referred to as “the Oatman Gold Project” located in Mohave County, Arizona. The Company intends to develop the claims and will seek to extract precious metals, should they exist, based upon future exploration activities.
Let's see, my gut tells me the epilogue on this next escapade will read a little something like this...No mines were ever completed and no revenue from mining operations were realized.
And next, the Company will decide to change its focus of operations to cloud computing, right?
It's just about whatever is hot that it will seek to establish
itself as a leader in the venture de jur.
Why do I say that? I think this escaped the attention of our most esteemed DDers. They first shuffle a whole bunch of worthless paper to acquire the much vaunted and ballyhooed Oatman claim and soon thereafter record a 1.181 million impairment charge against it! Whatttttt??? Everything they supposedly paid for them gets wiped away with an impairment hit!!!!! LOLOOLOLOOLOL
NOTE 7 – MINING CLAIM ACQUISITION AGREEMENTS; MINING AND MINERAL LEASE
On November 18, 2010, November 22, 2010, and November 26, 2010, the Company entered into three separate agreements with different sellers, under which the company acquired a 100% interest in 15 unpatented lode mining claims, and a 62.5% interest in 22 unpatented placer mining claims, located in Oatman, Mohave County, Arizona. Pursuant to these agreements, the Company issued a total of 84,000,000 shares of its restricted common stock to various sellers. The agreements require that the Company make minimum work expenditures of $100,000 per contract year. The mining claims have been valued at the fair market value, $840,000 ($0.01 per share).
On November 30, 2010, the Company entered into a mining and mineral lease of 7 patented lode claims known as the Lexington claim group in Oatman, Arizona. The lease has an initial term of 3 years and the Company may renew the lease for up to 3 additional terms of 3 years each, for a total lease term of up to 12 years. The Company issued 34,100,000 shares of common stock, the expense for which is being amortized over the initial 3-year term of the lease, and agreed to pay minimum royalties of $200,000 per year during the term of the lease. The leasehold interests have been valued the fair market value, $341,000 ($0.01 per share).
Costs of acquiring mineral properties are capitalized by project area upon purchases of the associated claims. When costs are capitalized, mineral properties are periodically assessed for impairment. Cost to maintain the mineral rights and leases are expensed as incurred. When a property reaches the production station stage, any related capitalized cost will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
Since the Company is unable to support continued capitalization of acquisition costs, the Company has recognized impairment charges of $1,181,000.
So here they are again, unable to raise required capital to maintain the claims, unable to raise capital to purchase retail locations to sell coffee, unable to raise capital for the purpose of acquiring or constructing a facility to process liquid waste into ethanol. Is anyone else able to discern the pattern here?
Ignore at you own peril.
Seven, where did you get that the license was renewed? Just curious.
You're kidding, right? Being born last night I can certainly see how you have come to that conclusion.
sorry sweetbunny, nothing new under the sun with this claptrap search engine. Been done, done better, and done to death. Just another "me too" pump and dump.
Watch and learn.
Their website is useless. So many other search site do it better. I tried it for my zip for dentists and 3 came up. I used yellowpages.com and got 800 or more. What are are they supposed to be good at?
http://www.yellowpages.com/las-vegas-nv/dentists?g=Las+Vegas%2C+NV
Mr. Rocket, you do realize that if NMGL fails to file and become current with all required SEC filings, FINRA will never allow NMGL to issue a dividend of any sort, and with that said, your investment in FFGO is gone once and for all, right? And you do not have forever for NMGL to get of its arse to get this done. In fact, if it doesn’t happen by the end of this month, it will likely never happen. Care to take a stab at a date? Tex already blew it with his Feb 12th prediction.
And what about that list of to dos from A through H that to this day nothing has happened to perfect these required conditions per the FAQs? That's quite problematic for your 3400% dividend.
I have to laugh when I write 3400% attributed to one man show pink sheet. Especially one that has Lumb's fingerprints all over it.
A brief history of the RENS empire and its ineffectual existence...From coffee to gold and all points in between with one overarching theme. Failure to launch!
From their most recent 10Q
The Company has been in various development stages from its formation through November 18, 2010. It was formerly engaged in establishing retail locations for the purpose of selling coffee and related products at drive-through establishments in North Carolina. No locations were ever completed and no revenue from retail locations was realized. Subsequently, the Company sought to raise capital for the purpose of acquiring or constructing a facility to process liquid waste into ethanol. The plant was not acquired and the required funds to construct a plant could not be raised.
Beginning November 18, 2010, the Company entered an exploration stage when the Company decided to change its focus of operations and acquired interests in certain mining claims, as well as a mining and mineral lease of certain patented mining claims, which are referred to as “the Oatman Gold Project” located in Mohave County, Arizona. The Company intends to develop the claims and will seek to extract precious metals, should they exist, based upon future exploration activities.
Let's see, my gut tells me the epilogue on this next escapade will read a little something like this...No mines were ever completed and no revenue from mining operations were realized.
And next, the Company will decide to change its focus of operations to cloud computing, right?
It's just about whatever is hot that it will seek to establish
itself as a leader in the venture de jur.
Why do I say that? I think this escaped the attention of our most esteemed DDers. They first shuffle a whole bunch of worthless paper to acquire the much vaunted and ballyhooed Oatman claim and soon thereafter record a 1.181 million impairment charge against it! Whatttttt??? Everything they supposedly paid for them gets wiped away with an impairment hit!!!!! LOLOOLOLOOLOL
NOTE 7 – MINING CLAIM ACQUISITION AGREEMENTS; MINING AND MINERAL LEASE
On November 18, 2010, November 22, 2010, and November 26, 2010, the Company entered into three separate agreements with different sellers, under which the company acquired a 100% interest in 15 unpatented lode mining claims, and a 62.5% interest in 22 unpatented placer mining claims, located in Oatman, Mohave County, Arizona. Pursuant to these agreements, the Company issued a total of 84,000,000 shares of its restricted common stock to various sellers. The agreements require that the Company make minimum work expenditures of $100,000 per contract year. The mining claims have been valued at the fair market value, $840,000 ($0.01 per share).
On November 30, 2010, the Company entered into a mining and mineral lease of 7 patented lode claims known as the Lexington claim group in Oatman, Arizona. The lease has an initial term of 3 years and the Company may renew the lease for up to 3 additional terms of 3 years each, for a total lease term of up to 12 years. The Company issued 34,100,000 shares of common stock, the expense for which is being amortized over the initial 3-year term of the lease, and agreed to pay minimum royalties of $200,000 per year during the term of the lease. The leasehold interests have been valued the fair market value, $341,000 ($0.01 per share).
Costs of acquiring mineral properties are capitalized by project area upon purchases of the associated claims. When costs are capitalized, mineral properties are periodically assessed for impairment. Cost to maintain the mineral rights and leases are expensed as incurred. When a property reaches the production station stage, any related capitalized cost will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
Since the Company is unable to support continued capitalization of acquisition costs, the Company has recognized impairment charges of $1,181,000.
Yes, and they keep F-king coming and I'm getting pissed. Scam bullshite! I wouldn't buy this junk with found money!!!!!!!!!
puppy, how is that even possible in this day and age when absolutely no one is above being a scum bag ah la the Madoffs, Stanford Financial and other high profile flameouts of this world?
Take this group who no one has neither seen nor heard from in going on years and people expect to get a freakin dividend in the 3400% range of their initial investment? YOU HAVE GOT TO BE KIDDING ME!
Looks like Sunovia got served for something...
http://www.clerk.co.sarasota.fl.us/srqapp/civdetail.asp?tb_searchby=Company&tb_searchfor=2010+CA+012574+NC
Yup Rocket, bet it's thick and bulging at the seams. Now cast your gaze over to thin and somewhat dust covered booklet marked
NMGL SEC 10Ks/10Qs
Looking kinda skinny, eh?
Get used to it.
Sold Jan 2013 5 80 put When stock hit 106 level
Sold Jan 2013 7 90 puts
FFIV Jan 13 put 2013 90.00 20-Jan-11 19-Jan-13 15.8988 notional 700 11,129.14
FFIV Jan 13 put 2013 80.00 20-Jan-11 19-Jan-13 12.4721 notional 500 6,236.07
I was thinking about doing a buy/write at the 106 level by buying the stock and selling Jan 2012 calls at 115 or 120 but I went with the naked puts instead.
To all NMGLers and FFGOers...I'm sorry but hope and waiting and other forms of Tic Toc are horrible investment "strategies". For that matter so is investing in pinks, short or long term.
I'm a firm believer that investing period is not a diversion for people of limited or nonexistent net worth which appears to be the quarry for so many a get rich quick penny stock flame outs. Thanks to the internet and the resulting misplaced belief that because "I can open a trading account for $50 I'm going to be a player like the big guys", crap stocks like this seem to have an existence even beyond the wishes of their own hard to locate management.
Keep that in mind when you review your gains and losses next time you get around to it. You might be done with this form of investing altogether.
It never was a game for the great unwashed, reserved almost exclusively to the well-heeled. And internet brokers don't change that. And they certainly don't care.
NMGL a Gold Stock? Yeeeaah, and "The Catcher in the Rye" is a book about bread.
LOL
Nah, don't think I will. Small potatoes for a player like me.
Just received this notice from Etrade....
ATTENTION MARGIN CUSTOMERS
You can now short sell securities with a price of $1.00 or higher. Limit and stop orders with a price of $1.00 or higher will be accepted if the security is available to borrow. A minimum balance of $2,000 is required for all margin accounts, and 100% initial margin and maintenance margin is required for securities priced between $1 and $4.99. For more information, call 1-800-ETRADE-1 or view our margin help.
Notice my signature, I think I have plenty of shorting power at now more that 450,000.00.
Look out NMGL, I'm coming to eliminate your bid.
Sorry longs!
And make no mistake, I and some of my trading friends that together have trading assets well over 5 million can do it. And since all you so called longs are essentially tapped out, there is nothing you can do to stop us when we start the sell campaign at as much as we can short per day.
Better treat me nice. No more deleting my post. We can be force for good or evil. You make the call.
Bwahahahahahahahahah {Evil Laugh}
A distinction without a substantive difference seventen.
Fop.
Newtrader..."Age quod agis". Lumb does what he does.
Dunphy, and then there's this well-reasoned "we don't need no stinkin filings, proof, volume" counter argument...
varmit Member Profile varmit Share Monday, January 31, 2011 12:27:57 PM
Re: Dich post# 4241 Post # of 4248
MAYBE THE STOCK PRICE WILL GO BACK TO A BUCK AND WE CAN AFFORD 100,000 SHARES TO MAKE ANOTHER 400% IN A FEW MONTHS !!!! LIKE CLOCKWORK HERE IT COMES ..........GOOD OLD PINKS !!!!!!! AND THE GOLD VALUE IS STILL THERE IN THE ARCHIVES GETTING MORE AND MORE VALUE ALL THE WHILE ......BIG DEAL PINKS !!!! NO VOLUME ANYWAY NOBODY BUYS IT SO WHO CARES WHAT EXCHANGE ITS ON .......MINES CAN SELL ON ANY EXCHANGE ,,,,,,,,,,,,,,,,,PEOPLE RELAX CHILL WE R RICH !!!!!!!!!NEXT WWEKS HAHA
Prediction, insofar as they have no duty to remain a current filer as they do not exceed 300 or more shareholders, listed at 28, they will never bring their filings up to date. Don't have to.
Further, the main motivation for not filing this time has everything to do with the fact that they could not lawfully submit financial statements whereby the inflated value of this stock swap involving the mine leases would necessarily require disclosure as the transaction occurred during the relevant reporting period. They would never have received accounting treatment approval to book that plug value on the balance sheet as an asset of some 265 million or whatever without raising the ire of the SEC and perhaps triggering a full blown Wells Notice or halt with a straight line to revocation.
Book it!
no ACCOUNTING STAFF. COULDN'T EVEN AFFORD QUICKBOOKS! WHAT A POS.
CAN'T BELIEVE ANYONE THINKS THIS THING IS GOING ANYWHERE. ACTUALLY, THE VOLUME SPEAKS VOLUMES!!!!lol