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Bring it on. If a guy is going to take the time to finance mining equipment I have to believe he is at least trying to get some results. I mean, if I owned this company and the number of shares Mellone did I would do everything I could to create revenues for the price to go up. If he actually strikes gold he can retire in no time. I mean, I think the absolute cap on this thing is .10(sorry to rain on your parade Hal), but with the number of shares he has that would be a comfortable retirement.
We need more pictures. This is one of the easiest things in the world for them to do. I don't care if it is 4 guys with jackhammers and 12 lb sledges. I apologize that I may have forgotten, but when is the Superminer supposed to show up? I am sorry but I do not believe there is $80B in gold in these claims. But the beauty is, we are at .0006 so we don't need a whole hell of a lot. I know it takes time to get assay reports and samples tested(especially if you do enough to legitimize a claim) but work progress would help. I was in 2 runs with HGLC and they are the biggest scam on earth. They went all the way to a penny the first run, and if they can without even breaking out a tack hammer, this should run with any kind of real digging.
I am sad to report my 5 mil at .005 did not go through. No new big screen this week.
I can see not posting an update regarding trading status, that is just how pinks are, but I would think they would want to let people know when it did start trading again.
Well, if my math is correct that would be a 1/50 reverse. I think it may just be a mistake on TDA's account.
My TDA Command Center just showed a trade. Is this thing alive?
You lucky dog!!!
Look, I haven't posted a ton on here but when I do I try not to bash a stock. But for you people saying wait it out I am all for you doing it but it is not for me. I hope for your sake I am wrong but I just don't believe a divi worth anything is coming. They may very well issue a divy that at the time is worth $143,400(in my case) on paper, but with a 2 year restriction on a stock that no one knows anything about that $10/share initial price is going to drop fast. I mean legit companies like Harmony, Eldorado, Yamana, Jaguar and Northgate are trading below $10 with gold at $888/ounce and I am supposed to believe some newly formed mining company is going to hold its value that long.
I grew up poor as hell and I am sorry that I don't believe someone is going to give me $2.39 for every .01 I give them. If I did believe that I would still be poor as hell. Good luck to you all.
To be honest, I am just tired of looking at it. I may sell the other 4M at market and drink nothing but Chimay for the next 2 days. I made enough from the run that I am not concerned.
Wow, I sold 2 million and....wait for it....got a staggering .00001. Covered my commission and got $10. Nice to have some "walking around" money. I guess it is 3 pints at happy hour.
Yeah, if it doesn't budge after lunch I will probably change to market order. I sold half my shares in the first run and like an idiot held on while it fell. Not sure why because I never believed the divi was going to come, but I always thought they would set a date and spark another run, and since I was riding free shares there was no risk. Greed kills I guess..
Has anyone actually been able to sell? I have a very small position left over from the first run that I am trying to sell for .0001 and no luck. Almost 80 million shares have traded in the last 15 minutes and nothing for me. I don't have L2 but am guessing this is just a dump.
Sorry, I didn't mean to make you think I didn't believe you. I use TDA and have great luck buying but seems like I don't get things sold as easy. I have a large position here, was more trying to see if it would sell than anything.
That's odd, I use TDA and have a very small order of 3 million @ .0002 to see if it would sell and had no luck. Had it all day yesterday and then put it back on this morning.
I know we have seen increases in the A/S and O/S but we are still under 2 Billion even maxed out. For the love of God HGLC has almost 100 TIMES that and they are trading at .0035. And they haven't pulled any Gold out of the ground that I am aware of. If we can just get some kind of proof that someone is digging or something related to the extraction of gold this thing should run like crazy. This is all just my opinion though.
You can get Level II from TDA but they don't do pink sheets quotes on their L2. You can get big board and OTCBB quotes but not pinks. And if you are an APEX member, which doesn't take much, they are free.
I definitely hope so. I took my initial out and some profit so I am certainly willing to wait it out. It sure sucked seeing that $25K turn into $9k though.
Hard to tell. The momentum died on this so quickly. If he hadn't raised the A/S so soon we would almost certainly be in the .004-.005 range right now. This has to go down as the all time bone head move, at least in my time in the pinks. If he and his family truly hold a lot of the "insider" shares he cost them/himself a bunch of money. It still makes me madder than hell and little sick to think about it.
I guess if we see a picture of the Autter Auggers with a gold nuggest the size of Plymouth Rock it could run again, but I am losing faith.
Hell, 300K would buy out the float if my memory serves me correctly.
I think today could be interesting. I think a lot of people were on the big boards playing FRE, FNM, WM, and so on. Well, with the WAMU collapse most of those are sitting at about .40-.50 below their previous close. WAMU is sitting at around .13 from 1.69. I think people are going to be jumping out of those stocks like crazy and maybe we will see a jump in volume. If not today, since it is Friday, I think we could definitely see a spike on Monday. Just my thoughts.
Well, he wouldn't have to file a form prior to selling, he would just have to file at some point, whatever the law is. But like you said, I don't think you could even consider him an insider. I guarantee you he was who started the dump yesterday. All of this is just my opinion.
With this company actually making money do you think announcing a buyback of shares would benefit the company? I have only been trading pinks/BB stocks for about 6 months and have not seen it work yet, but those were companies w/o revenues. We have that here and all the PR's about sales aren't helping.
Yeah, I got 4 million at .0001 this morning.
Filled Buy 4000000 SMAS Limit 0.0001 -- -- 09:34:46 09/24/08
I use TDA.
No. I have emailed the company several times and no reply. They know something, good or bad, and they obviously don't want us to know. This line of thought leads me to believe it is bad. I certainly hope I am wrong, I have quite a few shares of this.
Wow, 2 days since the last post. I think I saw GCOG on a milk carton this morning. I emailed Bill 3 days ago and haven't heard anything. I know what is going on in Houston, I am 200 miles from it, but everyone in our office there can get there emails. It just seems like Rahim needs to sell out and get himself a private company where he doesn't have to worry about keeping his shareholders informed. Sorry, just a little rant.
Have we had a combined total of 100K shares traded the last 3 days. I am not much for fluff PRs but seems like this thing needs a kick in the pants.
Your right, I apologize, you did say could. I agree that oil could hit $80 but I think it will take a lot of factors to even get that. I think one that could make this happen is the fact that gas produciton is so low because of Ike that oil prices can slide without really effecting the price of gas, which from a consumer standpoint if the demand doesn't ramp up from falling gas prices oil could slip.
I think Natural Gas is a little trickier right now because there are some pretty good reserves being built in south Texas now considering how many power/utility companies are off line. Will be interested to see the price of it. To be honest, it is the exact opposite of oil in that it is probably underpriced right now.
I just saw this on Business Week. If it has already been posted I apologize. It looks to me like it could be 120 days before we even know anything. I really hope I am wrong but I have a hard time believing this will come back. If you own it though you can only hope it will.
Securities And Exchange Commission Orders Hearing On Registration Revocation Against TrackBets International
09/12/2008
On September 11, the Commission instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of TrackBets International, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the issuer is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the respondent to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of the respondent should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
Well, I had to reread the PR after you said a well was producing 7-10 bbl per hour. In the heyday of Texas oil the avg well only produced around 22-23 barrels a day. Now you do have to take into consideration that Texas had about 200,000 producing wells online at that time so I don't actually know what the highest and lowest numbers were but just thought it was important to show the other side of the spectrum.
If the average well is producing say 25 bbl/day then 7 wells would give you 175 bbl/day, 63,875 bbl/year, and roughly 5323 bbl/month. 5323 x 100 is $532,300 per month total revenue giving MMTE roughly $20K per month.
I am long and not trying to be negative. I think that even if we meet somewhere in the middle you are creating enough revenue to pay salaries, expenses and keep this thing going without the need for dilution. That leaves your income from the wells you drilled available for additional drilling, and with a high success rate I could definitely see 9-12 wells online by the end of the year. So I think these small interests in wells are a positive for the company.
On a side note, I strongly disagree with Jason that oil will see $50. I think oil will balance out between $80-90 eventually. If the price of oil, and in turn, gas drops our demand will spike back to quickly to let it fall that far. Everything from taxicabs to JB Hunt has made cuts due to the price of gas/diesel and once it starts to drop they will jump back on fast. I would say I hope I am wrong but I have a lot more invested in Chevron than I do MMTE and I personally hope oilstays above $75 at a minimum.
This is all just my opinion of course.
Does anyone know if Oklahoma is like Texas where if you have a well number(API Number) you can see the production of each well in the state? If so then it would be nice to know the numbers of those 7 wells and the 2 we have drilled. Thanks
Add me to the list.
Everyone who is interested in submitting a bid is requested to do so no later then Thursday August 28, 2008 by 5PM Eastern daylight time with no exceptions as the bids will be reviewed with the winner being announced on Friday August 29, 2008 no later then 3PM Eastern daylight time.
Nothing in that statement tells me they will release a PR stating who the winner is. I agree that a Tuesday PR would be much better.
I am no expert but I find it hard to believe Natural Gas will be the most profitable. It is not cheap to extract and then you have to transport it, usually through a larger companies pipeline which they surprisingly won't do for free. Again, I am no expert and don't know how much gas is there, but unless it is a bunch I think it will be way down the list in terms of profits.