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That would be awesome...but I'd bail before then. ;)
Ditto the hilarious lol
If they can run the show this long, somethings gotta give lol
Stocks are not about assets 100%. They're about PERCEIVED VALUE. Right now some of us perceive HGLC as having value and others don't. I hate to bring up the past, but FFGO was getting dogged like crazy in 2008 before it sprung AND HUNG at .0005 for at least a solid 2 weeks. Yes..my humble 1000USD went up to over $5500USD! Sadly I didn't bail thinking it would go higher and had to settle for $2000. No biggie.
Main point:::::> Perceived Value is what attracts the investors which can eventually stimulate price action. A penny's perceived value in HGLC's case is completely speculative just as FFGO's was back in the day. Everything is speculative...meaning we have probabilities to work with, and just b/c something happened in the past doesn't mean it'll repeat itself with certainty....we just have to sit and wait on this one....
My HGLC shares aren't zero...yet...still .0001
ditto on the "WTF"
...let the market takes its course...
Argh...
Does anyone look at the past at all and wonder how a dog could actually rise to make people money?
Headlines...FFGO sprung from .0001 to .0009 and hovered at .0005 for 2 weeks straight in 2008 with heavy volume. Everyone thought it was a dog. Who's to say HGLC won't have a similar fate?
All I know is that the value of HGLC will not be determined by who rants and raves about it here...but another set of factors that I hope play in favor of the shareholders.
THE END
What's that mean? Thanks in advance!
(with a lot less shares now that ffgo has written us off)
Yup! Irrevocable write off for the win...hopefully... :)
There is a script they are following....
Notice that a large shareholder is emerging in FFGO?
Check the Hunt Gold PR stating that a "Hostile Takeover"
is happening!!
The SEC is RETARTED!!! I am emailing them monthly pointing
out their mistakes...
Yeah, definitely noticed the reemergence of a "large shareholder" script. Sounds like another "rinse, wash, repeat" deal.
I'm running out of posts, so i'll try two in one message.
true- but if you play your hand right- you can walk away with money!
all corporations depend upon the little guy- the everyday invesotr to pump cash into them- and that includes the big boys!!
I'm counting on having played my hand right.
That "valuable asset" would be the shareholders, as can be seen in the O/S of both companies.
I agree.
Would Monkingbird Gold, Inc. be a sub corp of Hunt Gold? I don't see any hint of Hunt Gold other than they have the same people involved. One million shares of common stock issued. No assets are mentioned.
Hmm, I'm not sure if Mockingbird would be a sub corp. We'll have to wait and see how that unfolds. I'm theorizing that whatever Mockingbird is structurally, it needs to be separate enough from HGLC and FFGO so that they (the FFGO/HGLC/Mockingbird guys) can claim that it (Mockingbird) is a separate company (tricking people, because what they're really doing is taking money from their right hand and putting it in their left...and when the time is right they find a valuable asset for cheap and resell it for a profit, paying no taxes on this profit because they claim some form of huge irrevocable tax write off).
That's the story I'll stick with for now. I'm definitely going to follow these companies to learn how close or how far I am from the truth. I'm sure there are different ways to achieve the same goal for these companies. It's all a matter of staying on top of the press releases and hanging out with open minded forum frequenters (like yourself) who are great at digging up government documents regarding these companies. :)
All the same officers are listed as in Hunt Gold.
All the same officers (Yes, I had to repeat that...cause that's the BIG catch for me. It's back to shifting assets internally once again with a new sibling company until they acquire another asset that an interested outside party would want to pay for). Again...all theory. It's the only thing I can use to make this all make some sort of sense.
Hilarious and interesting. Can someone poke some holes in my theory that I listed a couple posts back? How far from reality would this really be?
writing off an asset does not mean disposing of it- it is an allowable accounting manuever. for example- i still have my printer, new software, etc. but have "written it off" as a loss- which i am allowed to do- but it does not mean i have disposed of it.
Good stuff. You got me thinking again...Didn't the FFGO PR state something to the effect that FFGO was going to do an irrevocable write off. I did some googling and it sounds like the word "irrevocable" before the words "write off" would mean that FFGO cannot later change it's mind if HGLC's price went up and sell the shares for a profit. Then again....FFGO did buy them at an unrealistically high price that I don't think HGLC will ever see again even if it pops for some profit later down the road. Then again...according to my theory HGLC seems to be the cash cow, so who knows.
which will tremendously "offset" their record breaking profits. i, for one- view it as a smart move by FFGO- in anticipation of enormous profits to be realized very shortly.
I totally agree here. Sounds like a good way to profit without paying taxes for the total amount of the HUGE write off....especially if FFGO and HGLC truely are owned by the same entity of individuals. There is no realized loss if they only interact with one another because they're under the same corporate umbrella. Then finally, they find an outsider interested in their goods. So they take the new money from the outsider and maximize their ability to write off. Very slick way of saving yourself from the tax man eh? Hmmm, anyone want to try this? lol jk.
if they had wished to dispose of hglc- they would have sold all shares on the greys and THEN written off the difference. they have hung onto these stocks in their portfolio for a reason.
hope this helps :)
Yeah, something is in the wind IMO (bad or good who knows). If FFGO's shares in HGLC are truely going to be written off in the irrevocable sense, then I would image that this would almost be the same as HGLC buying back the shares and canceling them, reducing the number of outstanding shares.....but HGLC loses no money for doing this.....so it's a FREE buyback and share canceling technique???.....all theory.....just something to ponder....
How's this for a crazy hypothetical...(who knows...maybe it's partially true)
Everyone refers to HGLC and FFGO as sisters right?
So if they are, then they have the same daddy...or group of major investors who put together a big pot of money initially.
Then the group of investors put CASH in FFGO and shares in HGLC.
Then the group of investors had FFGO buy shares of HGLC with it's (FFGO's) cash.
The cash was taxed...say 30% bringing down the net worth of the investment group.
The catch would be that FFGO can now declare a huge tax write off on the CASH it put into HGLC minus the remaining value of their (FFGO's) HGLC shares. What was that number? Around $76k that they can't write off right?
Anyhow, the write off is worth over 1.3 million isn't it? So despite the tax hit HGLC will take for receiving cash from FFGO, it pales in comparison to the $1.3+ million that FFGO can write off due to HGLC's value dropping to practically zero.
So take the cash that HGLC has after taxes and take the cash that FFGO can make as part of their tax write off without having to pay taxes on it and you have a richer group of investors.
Is this crazy...or could this be? Oh yeah..and look at the new Mockingbird Company. Maybe it'll be the new HGLC who's price will tank after HGLC gives it all it's cash lol.
I had some hypothetical numbers to use in an example, but I didn't want to get anyone too confused.
Anyhow...at most don't take this too seriously. I need something fun to think of while I wait with illiquid shares, especially with all the arguing over whether HGLC will sink or swim. I have a hunch that HGLC will pop upwards in price. Just look at it...it's been around for way too long. If it were going to die it would have done so by now. I know it was mentioned that accumulation is meaningless with pennies....but that's all this penny has been seeing for a while, which I'll take a good sign...especially for a lowly penny like HGLC. ;) Like I said in a previous post...I'm ready for anything...good or bad. GL HGLCers
Here's what I read using the YTD Daily chart on my Think or Swim platform.
30 million shares traded @ less than .0001, thus the volume bar is colored red.
DMI: ADX is still high (above 80). DI+ is coming down. DI- is going up. I know this is a penny trade, so technical analysis is a little bit looney, but if the DI- peaks and the DI+ and ADX flatline, I would almost bet that this stock will jump high enough on the DMI crossover for the smart to break even or profit before the volume goes back to nil. :)
Accumulation and Distribution: Went from a flat slope to a positive slope...that's a good thing compared to FFGO who's had tons of volume lately but their Accum/Distr was tanking (FFGO's case doesn't usually lead to a positive increase in price...but like all .XXXX pennys..we never know).
After HGLC croaks or allows me to break even or with a profit, I'll be taking a different path than pennys...my days of speculation are numbered. :)
GL all HGLC stock holders.
Help me to understand how this is a document associated with HGLC. I only see Silverfield Gold Inc, no HGLC. Is that really Bezzano's phone number? Is that really .00001 per common share? Is the point being that these companies are issuing stock at .0001 to the public and .00001 to themselves, with them (the insiders) eventually doing nothing but making a hefty 10 fold profit off those that paid .0001? Interesting dig.
Ooops. I meant 2009, not 2010. :)
I think we're all arguing over "wording" (meaning/interpretation etc...). In the end there will be something that will or will not surprise us. We have to wait.
Certain things don't make sense about the whole HGLC saga. Some of which include 1) why is it still "trading" if the company's management committed an infraction that was so horrible?, 2) why did others with deep pockets buy into HGLC at prices way higher than it sits currently?, 3) why on my TDAmeritrade/Think Or Swim charts does the accumulation technical show positive accumulation with no distribution in site?, 4)why are other indicators looking somewhat similar to FFGO's before FFGO took off? (like the DMI's ADX is cruising above 80...if it keeps cruising there, somethings gotta happen), 5)why was I able to check out HGLC's past price history up to several years back on TD/Think or Swim Prophet Charts, but now I can only see everything from 8/10/2010...did something happen share-wise to all the past shares to where there's a new number representing the total number of outstanding shares (speaking of which..the number of accumulated shares has changed b/c of this price history "chop")?.............questions questions questions....all to be answered sooner or later.
GLTA HGLC "prisoners". Hopefully our days are numbered in a good way.
...about HGLC. Just like a good many people I saw posting with regard to FFGO back before the 2008 spike, there are a good number of people in iHub who have a crystal ball regarding HGLC's imminent demise. Truth be told, nobody knows what the heck is going to happen. I seriously hope something positive happens, but I'm also a realist and I'm willing to face a 100% loss of my investment.
Some argue that this story is over, but why don't we call it over when the stock is officially dead (once again...memories of all the smack talk regarding FFGO before it flew for several weeks straight). I'm playing this one by ear....
Thanks for all the informative info...whether positive, negative or neutral in outlook.
With over $2000 put into HGLC, I'm with Tom and the other hopefuls....go HGLC :)
Things to consider: Some of HGLC's technical indicators are looking positive. Wish they'd do a buy back like FFGO did...one day hopefully.