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This is from Global Mining Equipment's website (http://www.globalminingequipment.com/home.aspx):
Recent News
With gold prices at historic highs, the small scale mining industry has returned in full force. One or two-man operations are now able to generate significant profits - even with what once was considered low grade deposits. With the right equipment and work ethic, small scale gold mining may return to an industry standard as it once was over one hundred years ago.
Again chris12...in my opinion, if they issue another 1b shares to get the funds to put either one of these mines into production on a daily basis with positive weekly or monthly cash flow back to gdsm..then im all for it.
why?
1-a smaller piece of a positive cashflow company is more valuable IMO than a bigger piece of a development stage company
2-if they start cashflowing, gdsm has minimal overhead meaning they (and wsra) will have plenty of internal funding for other mining projects..without the need for outside financing
3-if they a mine cashflowing...odds are that they would get lots of offers for a buyout of their interest from other mining companies.
25mm shares is nothing if the company is in a forward progression. Look back to where they were..not current on filings, a jv in standby (remember what the economy and markets in general where going through at that time)and lots of outstanding issues....now they are current in filings, stay in communication with shareholders, have 1 (potentially 2) projects that are active (at least in daily effort and focus) and have settled a lot of issues..
in reality, i dont care if they end up with 2 billion shares out if means they have a mine producing gold..think about it;
750mm shares out and 2 projections working towards production
or 2b shares out and either gold star or azurite producing gold at a profit DAILY?!?!?!
The point I am getting at is that you have to look at the bigger picture and then determine if their steps are in that direction (using reality) or completely opposite of that direction.
also be realistic...what may take a cash rich experienced mining company days to do could take gdsm weeks and while a cash rich experienced mining company maybe able to go from step 1 to step 10 with new methods or technology or whatever...gdsm doesnt have those type of funds. Being conservative with expenditures, but progressing forward is the right approach for gdsm.
so they are not going to be as fast or predictable as the bigger companies and they will hit snags along the way...but if they succeed, well thats why you pay pennies (or sub) for a gdsm and not dollars for the cash rich experienced mining companies.
JMHO
LOL...the whole pink sheet market is speculation.
I wonder how many people on here are getting paid to post...hmmmm
25mm is toxic finincing..lol. Anyone who has a clue about small public companies and the typical financing companies out there knows what true toxic financing is ( by the way, toxic means to continually destroy and erode in a manner that can't be overcome)...such as "floor less convertibles" , these are financings with no potential end to share issuance , etc
Know what a term means before you just sling it around ..
WSRA sold the 40mm pref. to the investors for a total of $400k , which wsra agreed to apply to the funding requirements..thats where it is coming from..was in the release and the supplemental report filed on pinks at the time
Removing opinion, here are some points/facts to think about rather than rant negatively:
1-if you feel gdsm has no credibility, research the companies and names they are working with-Western, Chaffee, Atkins, Jenkins, etc etc
2-For a supposed pump..gdsm nor wsra has done 1 promotion or campaign.
3-if gdsm agenda was anything but to try and build a company, why didnt they issue a billion shares when stock was at .02-.03
4-all claims are in US that can be researched and even visited, not off in some remote country that no one can truly research.
5-all info regarding mines and opportunities contain names..not just some "unnamed" mine with some people in Somalia
There is alot to see develop from gdsm to achieve the stated potential, but i think they should be evaluated step by step with actual sensible debate. At this point they havent shown to be a pump and dump...they are moving (at times slowly) forward as fast as a small recovering pink sheet company can be expected to..and they have not been using hype toned language in their communications.
So for now they seem to be doing the right things
BTW, gdsm controls what they do corporate-wise...they have no control over the market or how it trades. To judge them and their intentions on the manipulation of day traders, etc is absurd
IMO
Research Azurite..worth the reading and look
They are trying to hold it from breaking thru .001...push!!!!
Definition of 'Beneficial Owner'
1. A person who enjoys the benefits of ownership even though title is in another name.
2. Any individual or group of individuals that, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a specific security.
Read more: www.investopedia.com/terms/b/beneficialowner.asp#ixzz204PQunZN
It doesn't seem to me that Jason Cooper at say 31mm shares would qualify as a Beneficial Owner under its definition any longer, therefore his name would not appear in the filings any longer...unless he took a position in the Company again or added shares to push him well over the 5% threshhold. Additionally, he would have to inform the Company and SEC with a filing...doesn't mean he has sold any or all of his stock.
Added 1mm here. Giving them the benefit of getting it right this time. The website is a good start..waiting to market the products until the proper professional infrastructure is in place (which hopefully what is going on) is the smart legit approach
I disagree...IMO they have some deals already in hand and a few about to be finalized. This is the set up release to get everyones eyes on the stock and then I believe they will be following this up with regular releases describing the names , details ,etc.
Its smart, why put all the news and sizzle in one release? They key to sustained volume and activity is a steady flow of news..which looks like they are about to have
NEWS!!!
The Automotive Resource Network Holdings Announced Today They Have Finalized Agreements That Will Put Them Ahead of the Competition
NEW YORK, May 31, 2012 /PRNewswire via COMTEX/ -- (Pinksheets: ARNH-News) -- The Automotive Resource Network Holdings today announced that they have been working for the past 4 months to secure numerous key agreements surrounding a new vehicle service contract product and revenue producing partners.
Culminating more than three months of negotiations with numerous suppliers and vendors, our new VSC product allows for almost 40% more coverage for the average used car supplied exclusively by TheARN, at no additional cost to the customer. TheARN's new product will be branded with its own identity and is backed by vendors and partners who are widely recognized and known in the industry for their superior customer service, rapid response time to claims time, and now with the new enhanced coverage we have trumped the competition.
Kathy Roberton, CEO TheARN stated, "This product and the pending agreements have taken almost (4) four months to put together but they are well worth the wait. We (TheARN) can now provide better coverage than the competition with better service than is currently offered." Roberton went on to say, "This provides the catalyst and foundation for the other agreements that we are working on with several top MLM professionals to bring in up to 10,000 new distributors within the next 6 months; a massive retail chain outlet (within the automotive industry) which desires to market our new VSC and Nano Technology products to a multimillion person double opt-in database, state-of-the-art text messaging marketing technology which allows consumers to purchase via their cell phone, and private funding partners to support our growth model for T.V., radio, direct mail and Internet sales. This makes for a very solid foundation for TheARN and it is an exciting time both TheARN and Investors!"
TheARN has at the time of this press release several key contracts and agreements in hand or pending in legal that are projected to produce substantial revenue in the 2nd, 3rd and 4th quarter of 2012. As each agreement becomes fully executed we will immediately release this information.
About The Automotive Resource Network, Inc.: The Automotive Resource Network, Inc. offers a unique month to month vehicle service contract and roadside assistance products direct to consumers through independent sales channels.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release relating to The Automotive Resource Network Holdings, Inc.'s future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. When used in this press release, the words "will," "future," "expect," "look forward to," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of The Automotive Resource Network Holdings, Inc. (the "Company") that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of May 31th, 2012. The Company undertakes no duty to update any statement in light of new information or future events unless required by law.
Contact:The Automotive Resource Network Holdings, Inc.info@thearn.com
SOURCE The Automotive Resource Network Holdings, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: New York
INDUSTRY KEYWORD: AUT
TRN
OTC
SUBJECT CODE: CON
just need to break through these .003s and i think we run
Adding 500k here
Preferred convets 1 to 1.. if a company liquidates pref takes priority over common.
As far dilution..company said they would have to issue shares to settle debt , etc. BUT will not reverse split or raise authorized..so the max out would be the 750mm auth.
Great post..developing a mine is a process..anyone who says or thinks you walk out to a claim and start mining gold is either hyping or uneducated about this industry. Its like building a housing development...you go thru many steps and months before the final community is developed and full value realized, but the project grows in value with each step towards the final result.
Great post..developing a mine is a process..anyone who says or thinks you walk out to a claim and start mining gold is either hyping or uneducated about this industry. Its like building a housing development...you go thru many steps and months before the final community is developed and full value realized, but the project grows in value with each step towards the final result.
Yes, buy to think that doesnt mean they will is just setting ourselves up to be preyed on by the bashers..if we know and assume that this is going ti happen then there are no surprises etc. The company had issues from the past that they will have to address..they will have to eventually deal with the conversion of preferred..etc but it is all being done by a ceo who has one agenda, build shareholder value. The key number here imo is 750mm , which is a 25% or so increase from here. If they add more than 25% in value in doing so then we win. Imo, just funding phase 1 and 2 adds more than that.
Yes, buy to think that doesnt mean they will is just setting ourselves up to be preyed on by the bashers..if we know and assume that this is going ti happen then there are no surprises etc. The company had issues from the past that they will have to address..they will have to eventually deal with the conversion of preferred..etc but it is all being done by a ceo who has one agenda, build shareholder value. The key number here imo is 750mm , which is a 25% or so increase from here. If they add more than 25% in value in doing so then we win. Imo, just funding phase 1 and 2 adds more than that.
A few thoughts to add...
1) wsra has had several run ins with partners that never executed, therefore they have taken the approach to let results speak for themselves. They are miners , not stock promoters
2) wsra and gdsm relationship will expand beyond this as things progress( that means other ventures..ask wsra and gdsm, they will tell you the same)
3) smitters findings are on point..only thing i think is different is that gdsm will accomplish what it is pursuing within its a/s (which 750mm) not its o/s. Which is why i have and continue to base valuations on that number. They have stated numerous times that shares will be needed to be issued...but no reverse and no increase in authorized =limited supply, unlike cos with billions authorized
Whats important imo to realize is that this company is not looking r/s or issue its remaining authorized irresponibly. They are making use of those remaining shares to cover past obligations , the preferred and the warrants. If they stick to that and dont raise the authorized (marc stated no intention of doing that)...then we will get to that number, but not because of irrational or self fulfilling agendas.
With that said, i will take gdsm with 750mm out and some issues cleaned up and almost $ 3mm in funding for its jv.
Btw, the true definition of dilution is adding shares without adding value...
Shareholders being played..by Market Makers and big position holders----not by GDSM
GDSM is not in the business of stock market commentary. If they start putting out prs explaining the ups and downs of their stock..watch out! Then it would be a p and d. Read the facts and use some common sense..if they were trying to scam the shateholders numerous newsletters etc would have been hired.
Simple math..
750mm auth
-580mm out (from pink sheets)
-60mm (reserved per pr for if and when preferred are converted. 40mm has a cost of $.01)
-20mm (reserved per pr for exercise of $.10 and $.15 warrants)
Leaves approx 90mm company can issue before maxing out auth.
Company not doing reverse or changing auth per prs
Therrfore doubt hundreds of millions could be dumped on market by company. Stated shares would be issued along the way ..but seems most could be is 90mm..small compared to vol etc.
I have and continue to value this company based on 750mm out. (Which based on above would include $400k, $1mm and $1.5mm in capital)
This seems like a lot of mm games and/or big block holders with lower cost basis playing games.
IMPORTANT to remember is that even IF the company was diluting..they could only go to 750mm shares (which is like another 170mm..not a big number with the volume this has) since that is the authorized and it hasn't been raised. Company stated they would being issuing shares for debt, etc but also stated no reverse, toxic financing, etc.
look how low the sell side volume has been to bring this down
Going to suggest to GDSM management that a complaint be filed against these posters putting lies out there. This is pure manipulation...plain and simple.
Expain (with proof ) your claims loser
They also disclosed the timetable for funding..the $400k also covers the ordering of an NR report (which is the best 3rd party verification you can get in the mining industry)
$400k from Preferred that were already outstanding and $2.5mm from warrants at $0.10 and $0.15...that seems non-toxic to me
why would you say that??? The report is the same disclosure as an 8K and contains the info the market has been looking for. They may have stated the name of the report incorrectly but it is the info being looked for
It is the same as an 8 k but sunce they are not an SEC Edgar filer yet it is called a Supplemental Information report...
Question of the day...what is going to be considered a good 8k or (dare i say) a disappointing 8k?
simple...they are not getting paid to pump :)
alot of mm have moved to $.01+
even or green on the day would be awesome!
As long as the authorized is not raised 750mm is the max # of shares that could become available...and if demand keeps increasing supply decreases :)
the authorized at this point is the key # for me as this progresses
GDSM needs to file a complaint about accounts being used at ETMM to manipulate the stock..
ETMM getting competition and beat at their own game! Keep it up GDSM!!!