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Do you consider the TA to be correct?
It all depends on the date that the company receives notice, the debenture falls due tomorrow but the conversion notice can be anytime after this date or it could have happened a few months ago. (I did not read it correctly the first time I saw it)
On August 15, 2010, the Company entered into a 12% convertible debenture due February 15, 2011 in the amount of $250,000. The Holder is entitled, at its option, to convert at any time and from time to time, all or any part of the principal amount of this debenture, plus accrued interest, into common shares, at a price per share equal to the lowest 50 percent of the average of the 3 (three) lowest closing bid prices of the common stock for the 30 trading days immediately prior to the date that the Company receives notice of the conversion or 50 percent of the lowest trading price for the 20 trading days prior to closing of this agreement. Likewise the Company is entitled, at its option, at any time and from time to time, to convert all or any part of the principal amount of the debenture, plus accrued interest, into shares of the Company’s common stock at a price equal to 50 percent of the lowest traded price of the common stock for the prior 20 trading days that the Company issues such a notice of conversion.
Terms of the debt conversion refer to lowest closing bid in the 30 days prior to 15th February.
Today $0.001, Friday $0.0076
Closing bid on Friday that came up on the I-Hub quote.
Note closing bid price on Friday of $0.0076 that equates to a conversion of $0.0038 or 65 million fresh shares coming.
Still one day to go.
I reckon that Peacock must be at around 20 reverse splits on various different companies he has been involved with. In fact, I cannot think of one that has not done a reverse split. His MO will continue along the same path.
raj
There are people with shares to sell on this board, they will not listen or acknowledge that HG has done anything underhand. They still believe that the A/S and O/S numbers are the same - DUH!
What if this is one?
I have watched it unfold over the past six months and I sincerely hope that you make a pile of money out of it.
Acc/Dist line does look encouraging.
I apologize if my post upset you in some way, I am just expressing my opinion, which I am sure you will agree, I am entitled to express.
MACD - Not yet conclusive.
Slow Stoch - Is Nearing Peak
MFI - Could go either way
Ultimate Osc - Also nearing peak
RSI - Not conclusive, has been in this range before and fallen away.
BB Bands - Not narrowed enough.
There we 14 trades on Friday with a very low volume this is very bearish as it indicates a complete lack of interest in this company.
Whilst I agree with all of the technical indicators you are using I would advise caution when applying them to penny stocks, especially when there is a lack of volume.
You will find differing opinions on charting everywhere.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=SLRW&MarketTicker=OTC&TYP=S
If you like, I will assist.
As you know an NI43-101 is just the start of it. If the 43-101 indicates mineralization there is then the millions of $'s that will be required to put the mine in to production.
Power
Processing Plant
Roads
Equipment
Drilling Program
Tailings Pond
All will be funded by diluting shareholders to death.
Did Jim mention any of this lars?
I have more news for you. Jim is full of shyte.
I have news for you - TAON have no proven gold reserves.
Slow stochastics is in the wrong direction, MACD is inconclusive, RSI is middle of the road. CMF looks like its peaked.
And the MA's have not crossed for many moons.
Most of the chart indicators show me that this stock is headed down.
http://stockcharts.com/freecharts/gallery.html?SLRW
Which indicators on the chart are positive?
Looks like a train wreck to me.
The evidence of dilution is in the filings.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59791368
Deny it all you like but be very careful after 15th February 2011
I will believe that when he is behind bars or in a box deep underground.
Where he belongs.
Sounds to me like a name change and R/S.
All part of the Peacock MO.
IMO
Its either coming quite soon or very soon.
No, you are totally incorrect. SLRW has no base, charts mean jack in pennyland, anybody who says they do is delusional.
I've been following this stock for three years, buying it would be like playing Russian Roulette with a full chamber.
An ATM with Press Releases.
There is a distinct possibility that the diluted shares have already been sold.
Based on the last 30 days price action that will be at least another 60million shares dumped on to the market.
205,202,533 common shares issued and outstanding as of January 27, 2011.
Predicted pps drop of 40%
Like I said before, this stock is heading for a MAJOR tank.
Notes Payable
a)
During the quarter ended July 31, 2010, the Company entered into two 12 percent convertible debentures totaling $275,800 of which $125,800 is due in one year and $150,000 is due in 90 days. The terms of the debenture indicate both the holder and the Company is entitled, at its option, to convert at any time and from time to time, all or any part of the principal amount, plus accrued interest into common shares at a price per share equal to 50 percent of the lowest trading price of the common stock for the 30 days immediately prior to the notice of conversion.
b)
On August 15, 2010, the Company entered into a 12% convertible debenture due February 15, 2011 in the amount of $250,000. The Holder is entitled, at its option, to convert at any time and from time to time, all or any part of the principal amount of this debenture, plus accrued interest, into common shares, at a price per share equal to the lowest 50 percent of the average of the 3 (three) lowest closing bid prices of the common stock for the 30 trading days immediately prior to the date that the Company receives notice of the conversion or 50 percent of the lowest trading price for the 20 trading days prior to closing of this agreement. Likewise the Company is entitled, at its option, at any time and from time to time, to convert all or any part of the principal amount of the debenture, plus accrued interest, into shares of the Company’s common stock at a price equal to 50 percent of the lowest traded price of the common stock for the prior 20 trading days that the Company issues such a notice of conversion.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7677080
Another Peacock orchestrated pump and dump dump dump dump.
I have, the only one who fails to deliver is the CEO.
During the nine months ended October 31, 2009 the company converted $102,000 of debt by issuing 208,717,947 shares of common stock. On August 20, 2009 the board of director’s agreed to a reverse stock transaction, converting 200 shares for 1 share that would be effective on Sept. 22, 2009. As a result 533,672,316 authorized shares were converted to 2,668,362 shares. The total issued shares was reduced from 552,000,000 to 2,760,000.
http://www.faqs.org/sec-filings/091221/Tao-Minerals-Ltd_10-Q/
Website registered in the Caribbean by
Simply Best Investments LLC
Who also seem to be behind these sites.
www.pennystocksite.com
http://stocknewsalerts.net
http://thestockmarketwatch.com
BIG RED FLAG
9/23/2009 TAOL 1-200 R/S TAO Minerals Ltd
Wash, rinse, repeat.
Looks like a bird had shat on his head.
Oh it will.
$0.0007 is the dead cat bounce number, after that its all downhill.
raj
HG's last filing was in July 2010, this was an exact replica of the filing that was done in March 2010. Having two filings that are identical is impossible unless you are doing NO business and have recurring expenses.
This leads me to believe that HG knowingly filed an incorrect quarter just to get the company current with pink sheets, which in turn facilitated the selling of more shares.
People on this board need to understand that this action was fraudulent and that Solarbroke has ceased to become a real business.
Target price $0.0007 Fibonacci bottom
eod paint job. Very little interest in Solarbroke.