is close to bankrupcy
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Have u read the latest shareholder letter on FMNJ web site? I Do not know what to say b/c of previous such declarations. How do u feel about this letter? Lot of things together. There are some I never heard of before.
If you, along with FA, are hopeful then I think I should not worry. Question is, how long more to wait before there is some real news.
I will definitely info u when Mod position for FMNJ is available.
You mean that Bill has kept this alive so far inspite of all the negatives. That is right and if it was not b/c of Bill, FMNJ would have been all ready history. I give credit to him for that.
From what you wrote I have a feeling that you have some inside info that is not yet public. To me financing was reportedly the main hurdle in starting Cerro Rico. I do not have any update about whether that hurdle is overcome. There has been vague talk about project to project financing. Do not know what is the form and shape of that financing and who is willing to invest, if any?
If you do not want to share any more info, that is OK for me but will request to give some time line about the things to come in near future.
Bob! Thank u for PM. You have always been a great believer of Silver and you have been proved right so far.
My fear is that FMNJ may get lost in this Silver rush by opening new venues for them like GTL etc instead of focusing on Silver. I wish we see FMNJ in the same position like Apex is at the moment.
Good luck to you. No need to ask, how many millions u made there.
NYBob! my veteran friend, I'm sorry,I was not able to understand your post and how it explains our position. Hope u will not mind to explain further, how management still has kept some in good standing?
I invested in this company for silver many years ago and we rightly expected that silver was going to perform well. That part of foresight prove right by looking at the way silver has recovered recently. This should have been our time to make tons of money out of our investment. But our CEO has other priorities. May be he is working for his next promotion to Colonel in Bolivian Army.
Very unfortunate to see how our CEO is spending his energies.
One more addition to the piles of useless PRs. Failed attempt to prove his existence as CEO of this junk.
press release
March 8, 2011, 8:24 a.m. EST
Energy Management International, Inc. South American Petroleum Downstream Work Intensifies With Franklin Mining, Inc. and McGuffy International Company as a Service Partner
SAN ANTONIO, Mar 8, 2011 (GlobeNewswire via COMTEX) -- Energy Management International, Inc. /quotes/comstock/11i!enmi (ENMI 0.00, +0.00, +10.00%) announces today that it has negotiated a Joint Venture agreement with Franklin Mining, Inc. to expand its development of oil and gas projects in South America and to make available the services of McGuffy International Company, an affiliate of the McGuffy Group, located in Houston, Texas and offices in Bolivia.
Energy Management International's President Howard Dunn states that the Franklin Mining CEO William A. Petty has a long history working in South America, particularly Bolivia, and has been working with the Energy Management team intensely during the last six months in developing critical pathways to establish our downstream petroleum presence in South America. As part of the Joint Venture agreement, Energy Management may assist in the construction management phase of the work and will be contracted for operations. Mr. Petty, working out of offices in Santa Cruz and La Paz, Bolivia, anticipates that within a short period of time, Energy Management, through its Joint Venture partnership and affiliate network, will have an opportunity to respond to solicitations for installation of one or more LPG plants.
Through the agreement with McGuffy International, McGuffy will be able to provide and assist with services required for the design, construction, re-commissioning, and operations that may be required in a future contract award to install a liquefied petroleum gas (LPG) or gas separation facility.
About Energy Management International, Inc.: Energy Management International, Inc. (www.EnergyManagementInternational.com) is positioning itself to add North and South American oil and gas production, and enter into downstream processing design, build, and/or operating agreements in Paraguay, Bolivia, and Argentina.
The Energy Management International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8741
About Franklin Mining, Inc.: Franklin Mining Inc. (www.FranklinMining.com) had previously held a South American oil and gas division that was acquired by Energy Management International last year.
About McGuffy International Company: McGuffy International Company (http://www.McGuffyGroup.com) is a contracting company for oil, gas, and power-related projects, including engineering design (process, mechanical and I&E), fabrication, field construction, and commissioning.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Energy Management International, Inc.'s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause Energy Management Internationals, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Energy Management International, Inc.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Energy Management International, Inc.
CONTACT: Energy Management International, Inc.
Corporate:
8023 Vantage Dr. Suite 680
No harm in releasing PR. But I'm sick of the words like MOU, detail to be released within a months, final agreement to be reached before the end of this or that month and so and so bs.
It is time to update us on status of Antimony?
There is,certainly, no reason to believe on this PR. Again same MOU and do not have any value until final agreement is reached before installation will start toward the end of this year.
Similar pattern is repeated again and again with no substantial change in the company
Dead end statement about financial partner. Which partner? Some one mysterious and who does not want to be identified. Or simply just another fluke.
I think all this is done to over come the share holders disappointment about antimony. It is like palying with the emotions.
Thank you mimurray. I will better do it myself. I will soon check with Best Buy and will update you.
Seems like they don't have any outlet in Canada. I have Future shop and Best Boy close to my place in Toronto.
You are right about the age of this machine. But it was working fine untill recently. There use to be no difference in operation of this machine with the other one which is HP Pavilion Intel(R) with 2.8GHz cpu with 2GB memory.
Trend. Sorry we are in un chartered waters. Anything can happen here. Bill promised once that he will never do that. But promises are made to break.
I have this problem with Firefox. When I open Icon windows ask me about safe mode use. I tried to do new setting but still it appears every time. But IE is fine.
Where I will find this, My user account setting?
Thanks. I will do that. By now it start working normal since I deleted/uninstalled lot of garbage. But still message appears couple of times during the session about, 'your system has limited virtual memory'. That means it will soon stop responding again. Therefore permanent solution is to upgrade RAM.
Jimmy was still better b/c our shares had some value by then. But our this learned consultant has done one big favor to FMNJ that he has successfully bound us all with this pink sh#@t for ever. No where to go...............
In the mean time I uninstalls lot of rarely used programs. With doing that atleast machine has strted reponding. May be for time being.
Thanks. I better do that. It is my wife's machine and she mostly use it for listening and watching song vidios and mivie clips from youtube. These days she is little upset since she is not able to enjoy her time.
Do these comes as USBs?
I have Dell desk top. It is, Pentium (4) 4CPU 2.80Ghz, 2.80Ghz. 504MB of RAM.
Is it ok if some watches Youtube vidios couple of hours every day. Just asking this question b/c windows XP, Home Edition, version 2002, Service pack 3 is very very slow to response. It takes ages to open windows or for that mater any new window.
So many projects are under process for so many years. Too much for a lone CEO.
Why should FMNJ do anything about the processing plant while it is only authorized to buy and sell Gold etc according to the Commercialization licence. Usually brokers have nothing to do with mining and processing.
Please correct me, if I'm wrong.
Thaks. I'm playing with these. So far, problem is still there. I'm down loading windows drivers from the link. May be that will tackle this problem.
Hi. every time I start my computer with XP windows, following message comes up.
windows can not find' c:\windows\inf\other.exe. make sure you typed the name correctly and then try again.
I have to click Firefox or IE to open inter net. Usually they should open as soon as I click my account. When I do that another window opens for safe mode starting. Although I can go around and do my work but these are annoying. Just wondering u can help me get ride of these. thanx
Is it a cashing in on, his Captaincy or just to keep himself in news? Can't say.
Great info. According to the following from the link u posted, Bolivia will have free transit for export of minerals. Just wondering whether our 300tons of Antimony is at port Ilo.
"Bolivia will have free transit for exports of minerals through Ilo and zone called ‘Bolivian Sea’ for tourism, the possibility of building a wharf for sport and fishing that was extended for 99 years (it was already approved in 1992.) The zone has a dimension of 2 by 3,58 kilometers squares."
True, we have watched lot of this. Vague info helps some body to create temporary demand to dump some more on 1st time buyers. Like today there are some very excited ones similar to the ones when we got involved. It is the drama replayed again and again.
CIBOLA! I completely agree with you. I have been associated with international trading of commodity. As per practice, seller has his assay analysis for ore before he offers it for sale. Seller get paid up to the agreed percentage of the value of the bulk materiel, once it is delivered at the seller's port or on the ship. Usually 10 to 15% payment is retained by the buyer until the ore is tested at the buyer's port by his lab. The final payment is released according to the average of the two lab analysis.
Here ore has been delivered at the buyer's port. According to one PR, buyer wanted this ore to be transported first to his choice of designated port and then tested there before loading into the ship. For all purposes our ore is already been delivered to the buyer and I pray there is no foul play from any party.
Gold! I know Peru has allotted a piece of land for Bolivia to built Sea port. To my knowledge that will need some time to be operational. Until such time import and export has to follow the existing procedures.
CIBOLA, sorry for Cobola.......
You may be right but PR should say that. I mean it should have contained information about the average value of the ore. That is a professional way to update the share holders.
COBOLA! Funny, they transported 300tons across the border to another country without even knowing what actually is in there. What is the value of consignment and how they managed to export to Peru without declaring that to the custom officials?
Suppose after tests it is found that buyer is no more interested in such a poor ore. What they will do with this? Instead of earning $$$s they will be liable to pay demurrage to the port authorities.
May be things are done in those countries differently.
Thank u for posting the link.
Welcome back Dude,
From Bill's latest letter, one can draw another conclusion and that he is not our full time CEO. He is earning his living from his consultancy position and is reported as $500K annually. May be that is the reason it takes ages for him to issue any update to poor share holders of this company and that too without any real progress. Surprising is not that what share holders on this board are thinking, rather I wonder how big holders feeling about this investment.
May be he is,'the man who will be the king. Captaincy is a 1st step in that journey. If that is his goal then our dreams will take ages to materialize.
To me it is not any injection of funds but representation of a sense of security felt by the existing and potential investors in FMNJ. It is a reaction for Bill, not being only a Captain of a Pink Sh#@t company rather now a captain of mighty Bolivian Navy...... This has waved a suspicion usually attached to any American working in 3rd world countries and thus always open for any Govt. punitive action under the slogan of national or security interest.
Between the lines it shows how important Bill has become for that country after helping Bolivia securing the right for a see port in neighboring country. This speaks volume. Not a small contribution to a land locked country.
Now we have to wait and see, how it is going to play for our investment.
Chill
What Does It Mean?
What Does Chill Mean?
Special restrictions that can be placed on a given security by the Depository Trust Company (DTC). Chill restrictions are intended to limit the potential for problems within the financial marketplace, and can be placed on a security for various reasons.
Investopedia Says
Investopedia explains Chill
Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.
http://www.investopedia.com/terms/c/chill.asp
Wishing all of you a very happy, healthy and prosperous new year. Next year at this time I wish all of us have their dreams come true.
yup I turned off the proxy settings in both, thank you so much. Its working now.
Thank you, it worked for me.
Wow! Thank you so much, worked like a charm.