Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Stock promotion is for volume. Most insiders get such a discount that any price is profitable. Price increase in the pps is just a bonus if it happens.
How many times have they pushed back mining at Ruby??? You can never say it's a fact they will be mining in a few weeks. Especially with their track record of delays.
Always dangling the carrot to keep people interested and buying stock.
They have multiple mines that they claim will be producing. And the shares will be increasing. That's obvious. Bottom line is that results, not hype determine value. Right now you have hype and artificial movement of the pps based on that hype. It's off 90% from The 52 week hyped up high. The pps is sinking.
Your list is purely hypothetical not tangible value. Not many understand what true value means or how to go about determining a real value for shares.
Undervalued based on what exactly???
The last known date when any mining took place there was????
In the last 5 years what has his salary been and how much revenue has been generated????
Mines that have "motjeoads" of minerals aren't mined by underfunded penny stock companies who JV with other broke companies to try and pretend to be miners.
That's not how the mining business works. Never has been and never will be. There are mining companies that actually mine and make money and then there are penny stock companies that pretend to be onto something while mining money from people's pockets.
The chart doesn't suggest anything you say is accurate. The pps is 90% off it's 52 week high. The last quarter saw a dramatic increase in outstanding share and float size.
Forgive me for not taking part in hype. I don't believe penny stock hype or PR fodder.
Example: this EB-5 talk has been going on for years. Aside from the rather large sum contained in the talk about funding there has been no granting of said funds which means they could say they are applying for $1 or $1 billion. It's been several years and they haven't got it. Certainly you can have a belief that it will come. I'm just not a believer that this money will ever come based upon the length of time it's been floated around.
Penny stock mining plays always have claims/rights, always claim vast riches in the ground, always have JV partners and always fizzle out with not a single ounce of good mined.
I see nothing here at the moment that separates them from any other penny mining stock ploy.
I'm sure that is not what many like or want to hear but I've seem dozens of these kind of plays and they all have played out the same way. Always waiting on money, operations always "about to commence" but never do.
It was good for a 40 million increase in the O/S last quarter though right???
How can one say his salary is largely paid with shares and then say there is no dilution associated with his salary???
A portion of his salary paid in shares is the exact definition of dilution.
Really? An office in California and maybe one in Canada too???
Do you have an address because the 10Q doesn't mention any address other than the CEO's house.
Where is this California office located exactly??!
Saves shareholders money? Part of his $18,000 monthly pay is to keep and maintain a corporate office so it isn't saving shareholders anything. It's actually costing them significantly more money monthly to call his home the "corporate office" according to the management agreement listed in the financials.
That agreement requires him, as part of an additional $3,000/month to provide office space, board room, phone service, utilities, reception, computers, fax machines, landlines among other things.
Shareholders are paying his utilities, phone bill, internet and for space which would include mortgage.
How does that save you money exactly???
So are you saying it's not a fact that the corporate office is located in PA in a home owned by the CEO???
Somebody said the CEO posts here??? Did I hear right or was I mistaken?
Seems as if the pool of "mining experts" in the penny stock aren't is infinitely deep. First look here seems a little odd. Stock is neat a 52 week low, since last financials about 40 million new shares outstanding. This company is headquartered in the CEO's house. There is no "office". Hardly the stuff penny stock dreams are made of. I'm curious about these mining claims. Looks like Ruby has been PR fodder since 2011. They do file financials which is beneficial and they appear to be current. I'm gonna have a looksie at the latest filing and go from there. I shall reserve judgement for now but any penny stock mining company is reason enough to be concerned about ones investment.
There is a tendency to pass claims around like a drunken prom date.
Because you yourself stated that people may be deceived by his info. If you provide a direct response from the SEC discounting his post then it can no longer be deceptive to anyone if it's false.
So far what I hear is you claiming his info is outdated and false.
I also see where 2 people feel as if they are correct.
All you are doing is adding to the confusion. I just gave you the answer to your question. To to the regulatory body, have them define the meaning into a yes they can or no they can not be refunded.
If you are unwilling to do this as a way to out the argument t to rest the it's obvious you are part of a problem on the board and not a solution. If you have no desire to provide the board with clarity then you just being confusion. You said it's deceitful and confuses investors.
So is suggest you provide clarity or just agree to disagree and drop the issue entirely. Before long admin will grow tired of board bickering and start banning people who violate TOU.
Here is a grand idea. I know it's gonna sound crazy to most because most people in the penny stock market are a never actually fact check anything. I believe this whole argument revolves around some shares and if those shares can it can not be rescinded???
Personally I haven't taken a look at it but my curiosity is peaking so I may. But, how about you, take the information he posted, create an email and send it to the SEC Office of Investor Education and Advocacy. Explain that the poster suggests an opinion that differs from yours. Explain both sides of the argument and ask for clarification on whether the shares can or can not be rescinded.
You then post the response you get regardless of whether you are right or wrong because what it seems like this argument is about is one side posting information that isn't true when both sees think they are right. If the goal here is accurate info let the SEC dissect it and provide the answer. Then, you have provided an answer not an argument and the "truth" whatever it may be is posted as a sticky to the board.
No more bickering, just an answer that life the argument to rest and the board can get back to being a civil place where opinions can be discussed and when disagreements take place people to the route of getting a factual answer as opposed to just degrading personal attacks?????
Actually you are trying to say that nobody should be allowed to say anything bad about your investment because you don't want them to. That makes no sense. What if you see wrong and the company fails???? Then suddenly the other side of the argument was right all along but was never allowed an opportunity to present their pinion because you couldn't handle negativity.
Then what???? Nobody is allowed to say anything good any more???
LOL
Say what you want, good or bad. The company will provide the results that prove it to be one or the other. Then one side wins and the other loses.
Well it would appear to me that posting the 8K is a direct response to what is in the sticky and people can then discuss this and maybe, just maybe some penny stock education takes place while that discussion takes place. In other words, the use of facts will always showcase right from wrong so I don't really know what the big deal is.
It works both ways. I've seem mods post outright false positive info as sticky'a as well. It does work both ways.
Bottom line is that these boards are considered opinion. Individual users should always verify information regardless of it being positive or negative. Never rely on any message board post as being factual without verification.
Bottom line is this. One can call it the next Google and another can call it a flaming POS. Again, it's the company that will prove one of those opinions to be true. It's simple really. Message boards don't direct a company to succeed or fail. That's what management is for. Message boards are a place where positive and negative opinions are not only allowed but encouraged. That is not going to change. What you are suggesting is that one side of the coin have the ability to silence the other simply because they don't like what they have to say.
Recourse is not simple. Feel free to shoot me an email as I don't have a premium account here for my own personal reasons.
Greedymalone4 at gmail and we can discuss further.
Because the topic of discussion is the company not the posters. And opinions are allowed. Certainly the company will provide the results that will prove it to be good or bad regardless of what's said about it on a message board.
There really is no recourse for IHUB to take here. They can not police members on other websites. This is an issue you would have to take up with Yahoo admin. I have never posted there but I'm sure that would be a violation and the posts would be removed. However, that is a mammoth company and you will not likely get instant satisfaction or immediate policing of their boards.
Take it up with Yahoo, they will make than likely take some kind of action such as removing the posts and warning or banning those who posted it.
Oh I know what he is thinking.
"Shit, I'm toast!!!"
However what he is still portraying to everyone around him is.
"It's not what it looks like and I still have a trick or two up my sleeve"
He is working with his attorney on options to serve the least amount of time. You can rest assured he will lose everything to the DOJ and he will go to prison. The only question is what will the DOJ accept as far as a plea deal.
He will never admit guilt to those who he scammed. He will simply provide lol service until he can no longer portray innocence and then he will just not respond any more. It's a sociopathic lifestyle.
If I've seen it once I've seen it a million times. Google these guys in your spare time.
Richard Altomare USXP
Urban Casavant CMKX
Dennis Fisher BEHL
Roger Mohlman PSGI
Troy Lyndon LFBG
Russell Kidder ACLH
Ken Ash PIPI
that's just the surface of the companies/CEO's I've reported. Researched and followed all the way from start to finish. The list is longer, after looking those over let me know if you want to see more. I'm pretty good at sniffing out a scam and con men in the penny market.
Each and every time there have been people all along the way telling me I was wrong. Some of the guilty parties went to the length of filing a suit against me to try and get me to be quiet. In the end those who sued me were litigated for fraud for doing exactly what I posted they did.
I know exactly what I speak of. Years of research and gaining knowledge of how penny scams work make it simple to spot and expose.
And you should be aware that I am allowed an opinion. That opinion is that anybody associated with Wheeler is dishonest until proven otherwise.
Also, there has never been a dishonest penny stock that has t used the "we know what's coming but we can't tell you" line.
So, listen carefully here.
Associated with wheeler through a very large investment and defending him after his shenanigans have been made public is a red flag.
Using the "we can't tell you what's going on behind the scenes" is a huge red flag statement in the penny stock arena.
Since nobody here knows you personally we can only utilize what you say/post here. And so far there is a history of supporting wheeler and PAPA which doesn't look good on a resume.
And so you know, I've been sued before here. Was by the a wife of roger moblman claiming I was libeling her and her ex on IHUB. I have a civil liberties attorney who quashed that in a weekend.
Guess what happened later??? Her beloved ex was charged with defrauding people I. The stock I was posting on. Gee I was right again!
I'm not frightened by threats of legal action. I know what I can and can't post and my posts are always based on history and logical opinion. So continue on, let's see what you have to present here.
Nobody ever has to hide or conceal honest business plans.
I'll never understand the mentality behind the "if no charges are filed then no laws were broken" beliefs.
Crimes occur prior to charges and convictions. And last time I checked victims of crimes don't become non-victims if no charges are ever brought.
LOL he has done the same thing here. They charged him for his actions with SNRR and he will go to prison for it. I'm okay with that because it ends his ability to con penny stock investors. If I had a dollar for everybody who ever told me their beloved CEO was innocent I'd be a billionaire. I've been researching penny fraud and doing my part to report them and take them down for over a decade.
I've seen the slimiest of the slime, had subpoenas served on IHUB to get my personal info, been named in more than one lawsuit, quashed that subpoena, my alias was one of a few that was In a case against IHUB that was the first to utilize a new liberal tourism law to have it thrown out.
I've been around. Know the inner dealings of penny stock fraud and deception. I know when I'm right. It's not a guessing game. Penny stock fraud operates exactly the same as it has for decades. There is really only way for it to work.
Wheeler is guilty, he will plea bargain, he will go to prison.
That's what years and years of experience here tells me. I know when fraud takes place. The checklist never lies. I don't care what wheeler says. He's a lying, slimey con man who could t possibly be committing fraud with SNRR but running PAPA within the rules.
Bottom line. Thee are no success stories for a 50 year old businessman. There is ample history of stock suspensions, false press releases, photoshopped products that he tried to pass off as his own. He has no idea how to make a legitimate dollar.
Show me otherwise. You can't. Because nothing exists that shows him to be a successful, honest businessman.
Will you visit him in prison???
You ready for this??? When he tells you he is going to plea bargain to save his family the cost and pain of a lengthy court case to prove his innocence let me know. Because that's the excuse he will use. It's for his family, he's still innocent because he said so lol
What you have been told by Wheeler??? LOL the same guy who conned you and your other investors out of $200,000????
And how can you claim he has a 50/50 chance of getting out of it when you haven't red the indictment to see the evidence against him???
Makes no sense at all. I have no idea what he is actually charged with or the evidence against him because I haven't read the indictment which has been posted right here for my review but after ignoring the indictment and talking to Wheeler I'm convinced he has a 50/50 chance of winning?????
LMAO!!!!!! That makes absolutely no sense whatsoever.
There are things in the indictment that only Wheeler had the authority, as CEO to do. Nobody else could have done it. The entire SNRR shell was set up to defraud investors. That is clear, the evidence in support is overwhelming. There is no way Wheeler was not involved.
Then go ahead and lay out that direction. If that plan includes PAPA then it's financial suicide. This shell is a total scam shell and has been for years. You already have an association with Wheeler which would scare away any potential investors.
Your only hope is to not do the whole "I'm not gonna tell you what we've got coming but you will love it" line as it's the boiler plate con tag line.
Lay it out here, what's your plan?? If you are true and honest then lay it out and let's see what you actually do to make the words a reality and not just another PAPA con game.
One other thing, Wheeler issued the stock, Wheeler instructed the attorney to write the opinion letter and Wheeler released the PR's. Nobody else had the authority to do so. Any and all fraud associated with those 3 acts is 100% Wheelers responsibility. There is no denial that he was absolutely responsible for those 3 parts of the equation.
Okay so at the moment we have got a very well documented case against Wheeler presented in a convenient timeline fashion, complete with dates by the DOJ. Your contention is they made up some or all of the evidence??? That makes no sense. Did the DOJ or FBI illegally issue the shares??? Did the DOJ or the FBI illegally get the restriction removed??? Did the DOJ or the FBI put out the fraudulent PR's used to sell those illegally registered shares??? You see penny stock fraud requires multiple people working in conjunction with each other. The CEO handles share issuances and press releases, receivers of stock handle stock promotion, attorney handles opinion letters. Gee, exactly how the DOJ presented it. Multiple people with a mutual goal of fraudulently inflating a stock price in order to capitalize financially from their illegal behavior.
So, I have the DOJ and the FBI showcasing this con man and spelling out his actions from A to Z.
So far all you have presented is some oddball argument that the US Department of Justice is inept at their jobs and the FBI is making it all up?
There are years if documented evidence to support my opinion. You have Wheelers word and a hope that our Justice system made some kind of mistake????
You still have not presented a single success story of a 50 year old businessman accused of fraud. If the DOJ is wrong then let's see all the other successful business ventures he's been associated with???
There aren't any because Wheeler doesn't operate successful business. He scams and defrauds people because he is incapable of actually working legitimately to build something.
If I'm wrong then you have examples of his successes over the years. I'll wait for you to post something other than the DOJ might have made a mistake on this one.
So is the contention here that Wheeler, who illegally issued shares, had attorneys write up illegal opinion letters to remove the restrictions, created fraudulently fictitious press releases to create an avenue to sell those illegal issuances of stock and all this was done directly to undercover FBI agents, somehow is on the straight and narrow with PAPA and he has done morning wrong here???
He's a penny stock crook. SNRR was suspended by the SEC which cut off he ability to run his scam. So he moved the scam into PAPA. He does not know how to make an honest living.
Perhaps you could explain how the DOJ could screw this up exactly? I'd like some kind of scenario. Because if you read the indictment/case against Wheeler it's overwhelming. He issued shares directly to FBI agents. In what way could Wheeler possibly be innocent when he was the only person capable of doing that?
His conference calls were recorded. In what way could he argue that he didn't really say what was recorded?
He instructed the attorney to write an opinion letter to remove the restrictions. This would have to be done by Wheeler as he was the only one who could perform that duty as CEO. How exactly could be be innocent of this?
He put out fraudulent press releases to create volume to sell the shares he illegally issued and illegally removed the restrictions on so the recipients could dump them into the artificial volume.
This was all documented in multiple conference calls where the plan was hatched and discussed.
Give me one logical scenario where wheeler is innocent of the charges.
Take your time, think it through, reread the indictment, pay special attention to the parts where Wheeler was unknowingly working directly with undercover FBI agents. Then let me know any possible defense Wheeler would have.
LOL, the FBI, according to the indictment, worked undercover and bought the shares that Wheeler issued. And if I read it right, Wheeler then had his attorney writhe an opinion letter to remove the restrictions illegally. As the CEO, there was no other party capable of this action. And it's not a he said, she said case.
Wheeler the moron illegally sold the shares to the FBI and then illegally had the restrictions removed.
Jesus, how stupid could he be? And how hard up for a dishonest living was he that he never even tried to make SNRR a legit business? It was created for the some purpose of defrauding investors and enriching insiders through illegal stock issuances, made by Wheeler himself and the. Sold into volume created by fraudulent press releases.
It's all spelled out, wheeler was the only person who could issue the shares. Wheeler was the only person who could instruct the attorney to write an opinion letter to have the restrictions removed. The share flow and money flow are traceable and the kicker is they were unknowingly working directly with the FBI.....LMAO!!!!!!
Any support of Wheeler is simply a support for fraudulent behavior. There is no other option.
1 last time. Wheeler was dealing directly with undercover FBI agents LOL!!!!! His actions are so documented, his conference calls all recorded, his fraudulent activities made directly to undercover FBI agents.
Yeah, Wheeler is not a smart cookie. He is a slimey, greedy con man. And a piss poor one at that.
Would you expect him to say "oooooops got caught red handed with my hand in the cookie jar" to a man who, with a group of others invested $200,000 to his personal bank account? Or, would you expect him to say he did nothing wrong and will fight the charges? Con men are not very good at admitting they are con men. They will lie endlessly until they can lie no more and then he will simply stop answering his phone and you will never hear from him again.
I know I'm right. 100% guilty. He will plea bargain it down and I see no way that he doesn't do some prison time out of it.
You say "we will see". I say it's already pre determined.
As long as you consider a plea bargain a conviction because he is guilty as sin and will plea bargain. The awesome thing about fraud I. The penny market is that there is a stream of shares that can be tracked as they have to be transferred and sold electronically. No way to hide or disguise what took place. He does not want to see the inside of a court room and he definitely doesn't want his debacle on display.
I've Ben researching penny stock fraud for over a decade. I can sniff out a scam in my sleep. The con game has t changed in 50 years.
I'm saying it's common to freeze assets when criminal fraud charges are brought for obvious reasons. I have never stated you were responsible for getting others to invest. I could care less if you feel bad about the loss here or not. What sparked my interest is Wheeler is an obvious con and was long before these charges were filed. I was curious what your previous experience was with dealing in penny stocks because your approach from a business standpoint when dealing with penny stocks is seriously flawed. Penny stock market is not. Haines in the sense of operational business models. It's all a perception based market where worthless securities are artificially inflated and passed around in a game if not potato where the last guy holding it is the sucker.
Plus, the insiders, promoters are always trading on inside info about times news releases. It's a concerted effort by a select few that extracts money from the unsophisticated who don't understand the dynamics of the penny market.
So, it appears as if you are speaking about the dynamics of in eating in business and I am speaking about the fraudulent dynamics of the penny stock market.
In other words, you were never investing in business, you were simply marked by a serial penny stock con man and his band of gypsy thieves. You must not be aware that you never had a chance. There was never a business here. You had a 100% chance of losing and a 0% chance of winning.
Wheeler took your money and immediately converted it for personal use. No percentage of your money went to anything legitimate. If anything he may have used a portion to make his con look more believable to others in order to extract more money from others but not one penny was ever used to create a business like the fraudulent materials he showed you consisted of.
He is going to prison. His guilt was prove the moment he defrauded people not years later when a jury convicts him or he plea bargains. Guilt is the act not the conviction my friend.
Okay an you tell me exactly why you invested with Wheeler? What sold you other than his slick tongue? Because there was never anything tangible to his charade or his checkered past. What did he present to you that made you overlook his obvious red flags?
Sophisticated investor: one who does proper DD before investing and uses a disciplined investment strategy they protects profits and limits losses.
In other words, anybody who invests and watches their entire investment to up in flames without limiting their loss is unsophisticated.
Anybody who in eats with Wheeler should have done a thorough background. Heck on his history. Even a basic check would show he has never created any kind of shareholder value over his entire history with public companies. Not only that but he was responsible for the suspension of SNRR due to the release of inaccurate and inadequate info.
Finally, investing is an emotionless venture. It's about profit/loss and you simply aren't always right so you develop a strategy and you stick to it.
What was your predetermined strategy with PAPA/Wheeler and at what point did you realize you didn't have one and it cost you your entire investment? It's not about feeling bad or running it in your face. It's about determining the cause of the loss of developing better, more disciplined strategies to protect your money. Because it seems you not only have to worry about being scammed but also about your own lack of discipline to recognize when it's time to cut your losses.
I revert back to Wheelers past as an example of this. Even if one felt as if his ideas here were good, his past alone would be enough to put him on the shortest of leashes with your money. He was giving you lip service while spending your money and that behavior is exactly why he is charged with fraud my friend.
Really? You think wheeler hasn't spent it? And the DOJ would have frozen any assets and will have first right to them. You are an investor. Bottom of the barrel as far as recouping anything. There will be nothing left by the time it reaches you.
You really don't know how this works do you? This is why the penny market exists. Unsophisticated investors who have no idea what they are getting themselves into and having no clue that their money is gone.
The DOJ will get your money and it won't be given back to you. Your money is gone. And why you would want to try and make something of this shell is beyond me. It's been a scam for at least 5+ years dating back to when it was a pizza joint pretending to have pertains in China complete with photoshopped delivery bikes. Legitimate business doesn't operate in the penny market. There is no reason for legitimate business to be here.