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(why they put it in the revised POR is beyond me)
Are you kidding me or what??? to scare people in to selling!!!
the lady clearly told you, Jax told us all, many other posters told us
and you're still bringing it up???
Thank you for an excellent summary!!!
"so obviously, the debtors
deliberately set out to exclude any shareholders that bought after the BK filing."
Or scare people in to selling their shares ... Didn't work for this shareholder - In fact, I own more now than at any time in the past!!!
We'll know in the fullness of time if that was a good move or not!!!
Glad you made a profit!!!
I hope current shareholders make a huge profit too!!!
Or taking off???
We shall see!!!
Exactly!!!
When we agreed to exclusivity, we believed them that we would be treated fairly... But when they put it in out @ss with a take-it-or-get-nothing .27, we decided to fight!!!
Does that surprise them idiots???
Hello Fabian, I wasn't referring to your critique of Chartreader's trading style...Although it seems unnecessarily (IMO) harsh at times.
We, as traders, can learn a lot from those opinions...Whether we agree or disagree with them. My personal opinion (not the board's) is that you and CR are the most valuable members to this thread now that the GREAT Zeev is no longer with us.
The posts I find annoying and OT are the ones where you flirt with your honey...also done during trading hours which you often said you wouldn't do any more.
Happy trading to you today!!!
I believe 99% of us would rather read your posts (even if they're sometimes accompanied by annoying off-topic posts) than his chicken little posts!!!
Keep posting!!!
LMAO ... If you think the stock is going to .10 (or.27 or 0), then go ahead and short it!!! I'll even lend you my shares to short!!!
I'm surprised ... Thought it would tank ... Was ready to sell another equity to add to my CEMJQ!!!
But I have more CEMJQ now than at any other time so I'm satisfied with my share count!!!
Downside risk is very low (IMHO) compared to upside potential!!!
Excellent post!!!
I guess the sellers out-smarted me ...not the other way around!!!
Well I added at .74 and .75 today
I guess he was full of shit when he said he wanted to come out of bankruptcy ASAP with a POR that would satisfy all parties!!!
The bondholders like the POR ... 2026 unsecured trading at $ 111
Those are unsecured bonds ... and they're trading at par
(and post-bankruptcy high)!!!
Which means the big money knows they will get paid in full!!!
Which means it's a lock that the shares won't get wiped out!!!
Wow, 2026 bond at $99.50!!!
Yes, our position has changed ... for the better!!!
We are much closer to emerging from bankruptcy!!!
I'd like to take this opportunity to thank the sellers for allowing me to reload after being our for several LONG weeks!!!
Gonna keep these shares until after the POR comes out ... GUARANTEED!!!
Bought TZA at the close ... $6.64
Looking to sell it soon for Mucho Dinero!!!
I've been trying to short TNA in the mid $44 's but they won't let me due to "stock availability"
I hope it gets denied!!!
They are not at par with other companies in the chemical industry ... They filed for BANKRUPTCY!!!
GRZ ... Don't hold your breath!!!
Excellent, You SHOULD be proud of that!!!
FWIW I appreciate your posts and TA...Keep up the good work!!!
You're probably correct...My statement was for Canadian investors!!!
Thanx!!!
Sorry, I should have stated that these rules are for Canadian investors:
Last day to trade a Canadian equity was Dec 24th...
Last day to trade a US equity was Dec 28th!!!
Again, not that it matters in our case
That was not a correction...That was inaccurate!!!
Tax loss selling is over with ZERO effect on the share price!!!
If anything, people will dump beginning tomorrow to delay paying capital gains for another year...But I doubt that will occur!!!
Today was the last day to sell for US holders...Last Thursday was the last day to trade for Canadian holders for capital loss deductions.
DELETED
Bond prices were giving wrong data!!!
Yikes, I sold all my GRZ in the last few days between $1.39 - $1.44 to add to my CEMJQ position ... GRZ trading at $1.79 now!!!
Good luck to all GRZ shareholders!!!
All I know is that our stock was once trading at .037 (my original purchase price) and is now trading at .57
These are the facts, and they are indisputable! :D
Disclosure - just bought a bunch more today!
(OT) Welcome back!!!
(OT)I don't, but the flu season hasn't started yet...This question should be asked in the spring...And I hope our answer is still no!!!
GRZ denies takeover by Government ...
http://ca.news.finance.yahoo.com/s/26102009/34/biz-f-business-wire-gold-reserve-reports-status-brisas-property.html
Gold Reserve Reports on Status of Brisas Property
Mon Oct 26, 8:37 AM
* Email Story
* IM Story
* Printable View
SPOKANE, Wash.--(BUSINESS WIRE)--Gold Reserve Inc. (NYSE-Amex: GRZ) (TSX: GRZ.TO) reported today that stories in the press relating to the takeover by the Government of Venezuela of the Brisas Property in southeastern Venezuela are erroneous. Personnel, apparently from CVG-Minerven, visited the Brisas Camp on Thursday claiming that they were there to assume control of the Brisas Del Cuyuni Concession. The individuals who arrived at the camp did not appear to have any written authorization to conduct such action on behalf of the Government. Thus, their actions did not appear to be legally supported. In any event, any action to assume control of the property without recognizing the status of the underlying hard rock concession, which contains 97% of the economic value of the mineral deposit, would be inconsistent with Venezuelan law.
The Company on Wednesday October 21st filed its Request for Arbitration under the Canada-Venezuela bilateral investment treaty before the International Centre for the Settlement of Investment Disputes of the World Bank. This evident retaliation against the Company is a further demonstration of the Government’s wrongful treatment of Gold Reserve and its investments in Venezuela.
The Company’s staff at Brisas advised the persons who arrived on the property that the Company will respond, in accordance with the applicable Venezuelan laws, only to a duly authorized written request from the Government in respect of the property.
Doug Belanger, President of Gold Reserve stated, “We are very disappointed by this evident retaliatory action and have sent letters to the relevant authorities in the Government informing them of this wrongful conduct. Gold Reserve has always respected the laws of Venezuela and has the right to be treated fairly on the basis of the rule of law.”
In the past few weeks there has been an encroachment on the Brisas property of small illegal miners and the Company has sent numerous formal and urgent requests to the relevant Government agencies to assist in the removal of these miners. However, the government response has been limited and the level of mining activity is increasing daily. The Company is very concerned about the safety of its employees as well as the safety of these illegal miners. Sadly, just a few weeks ago several illegal miners were killed on the Las Cristinas property adjacent to Brisas, when a pit collapsed around them due to the unsafe conditions in which they work. Also, this type of illegal mining activity inevitably results in serious environmental degradation. Gold Reserve will not be held responsible for this kind of illegal activity on the property when the Government fails to discharge its responsibilities in these matters.
Gold Reserve Files For Arbitration!!!
http://cnxmarketlink.com/en/releases/archive/October2009/21/c9271.html
Attention Business Editors
Gold Reserve files International arbitration against the Venezuelan Government
SPOKANE, WA, Oct. 21 /CNW/ - Gold Reserve Inc. (NYSE-Amex: GRZ) (TSX:
GRZ) today announced that it has filed a Request for Arbitration under the
Additional Facility Rules of the International Centre for Settlement of
Investment Disputes ("ICSID") of the World Bank, in Washington D.C., against
the Bolivarian Republic of Venezuela seeking compensation for the losses
caused to the Company resulting from Venezuela's violations of the Agreement
between the Government of Canada and the Government of the Republic of
Venezuela for the Promotion and Protection of Investments ("Canada-Venezuela
Treaty") in regard to the Company and its investments in Venezuela relating to
the Brisas Project and the Choco 5 property in the Bolivar State of Venezuela.
As described in the Request for Arbitration, after enjoying years of
support from the relevant Venezuelan authorities in developing its mining
projects, investing nearly US$ 300 million in exploration and development, and
developing the Brisas Project in particular to the threshold of production,
the Company's investments were unlawfully and effectively taken from it as a
result of the decisions and actions taken, directed, and supported by the
administration of President Hugo Chavez.
The wrongful and expropriatory acts by the Venezuelan Government include
unreasonable delays by the Venezuelan Ministry of Environment ("MinAmb") in
completing the permitting process for the Brisas Project, MinAmb's rescission
of the March 2007 permit for the commencement phase of the Brisas Project for
pretextual reasons, the announcement by President Chavez in January 2009 that
the Government was taking over the Brisas Project, the denial by the
Venezuelan Ministry of Mines ("MIBAM") of the extension of the Brisas del
Cuyuni alluvial gold concession for erroneous and pretextual reasons and in
disregard of Venezuela's mining law, and failing to maintain a fair, stable
and transparent legal environment.
These and other actions have had the effect of denying the Company its
right to fair and equitable treatment as required by the Canada-Venezuela
Treaty, including protection against unlawful expropriation and treatment in
accordance with international law. As a result of such treatment, the Company
has suffered substantial loss and damage, including the value of the Company's
investments in Venezuela, which must be assessed but for Venezuela's wrongful
conduct and in view of the projected profitability of those investments, which
is estimated to be approximately US$ 5 billion. The Company will seek
compensation in the arbitration for all of the loss and damage resulting from
Venezuela's wrongful conduct.
Douglas Belanger, President of Gold Reserve said, "Gold Reserve has been
a dedicated and conscientious investor in Venezuela. In view of the
Government's actions, the Company consistently has sought to meet with the
Government and hoped to reach an amicable resolution of the dispute. The
Government's actions, however, have resulted in significant loss to the
Company and its shareholders and in view of the Government's unwillingness to
address these matters on an amicable basis, it became necessary to commence
international arbitration as permitted under the Canada-Venezuela Treaty.
While we are disappointed to have to proceed to arbitration, we are confident
in our case."
Sure, I need $2000 US this week...
How much Canadian do you want for that???
;)
I know that I'm enjoying converting my Canadian dollars into greenbacks and spending them in the great USA where everything is cheaper (especially now with the exchange rate)!!!
Many third world countries have a lower cost of living than the US...Are you sure that's where you want to spend the rest of your life?
As an excusrsion? possibly
But to reside permanently? never
to go where???
Thanx MBP ... Just got rejected again ... must be my broker (E-Trade Canada)
BTW All my URE short attempts were placed early in the am.