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If you look at CWRN on the quote/chart/ticker for yesterday, it dropped from .032 to .028 on a 500 share trade. That's $14 worth of stock. Nobody would trade that small of an amount unless they were trying to lower the last trading price to try influence someone else to sell at that same price. Looks like it worked, as somebody sold about 20k shares late in the day at .028.
Has this been the longest span of time the company has gone without a PR? Over a week! I'm impressed. Must be working hard on that Reo Starr acquisition....
Brent, sorry about your Cowboys, but being a Saints fan myself, I can't be too sorry.
So far, this is the best football season for me ever! My Saints and Cal Bears are making up for years of rooting for losing efforts...
Here's hoping the Saints win their first playoff game in franchise history!
Here's hoping for a Cal-Michigan Rose Bowl!
Down over 10% on a $14 trade.
Things that make you go 'hmm'.
LOL.
David,
I'm spent some of my precious morning work hours (heh, heh...) taking a look at the filings for TMXO. I would have a number of concerns about investing in this stock. Namely:
1) According to the annual report in January, they do not own, nor have they filed any patents for their technology. Citing the legal complexity of patent applications seems a weak excuse. Any company with better finances is free to pick up the technology and sell it to anybody. This makes TMXO a weak buyout candidate as they appear to own nothing but sales offices. (This is reason enough for me not to invest!)
2) They also stated in the annual report that they needed to issue more shares to finance their operations. The share increase was voted down by shareholders in March, which would lead one to believe they still do not have the finances to grow their business. Anticipated sales in the first and second quarter did not materialize (maybe for this reason), and I could not find where they have acquired the needed financing through any other means.
3) They seem to have developed some bad relationships (or not adequately regulated) relationships with some Canadian partners, as the recent lawsuit attests. Their inability to get more than their $100k back through the courts shows the weakness of their "binding" agreements.
The company appears to be poorly run. The PR that says they do not understand the declining share price is either a lie, or they are truly unaware of how poorly their execution has been going this year. Neither situation is good. My impression is that if this company truly is selling a great technology, a better run company is going to swoop in, steal it, and do a better job in execution.
Ah, I see. Indentifying dilution (or dilution candidates) is the primary point. Thanks. I'll check it out.
Joe
LOL. I thought 95% of the stocks we all talk about here are nano-caps. I know all my investments at this moment are! What's different about the nano board? Isn't IHub pretty much all about nano stocks anyway?
David, thanks for the kind words. I will take a look at TMXO. I glanced at it this weekend and the technology looks interesting, but I found the PR's confusing. Need to take closer look before having an opinion. I'll have time this week. It was just a busy weekend...
Joe
Present and accounted for Brent! Whaddaya need me for? I'm sitting tight and waiting for my choices to pay off with no extra to invest (at least, not until I see the damage from our Quebec trip).
I do research things, though! I'll throw out one I discovered last week that looks to be a very safe, if not entirely sexy, small growth play: AUTO. By my usual method of calculation, this stock should be trading with a forward P/E of 15 (low end of industry standard) and be at $3.15 a share (35% growth and 6.5% profit margin assumed). Right now it's trading at $1.03 with a trailing P/E of 7 and a forward P/E of 5. Even if the higher multiples don't come, it should AT A VERY MINIMUM be trading soon at a forward P/E of 7 which would put the price at about $1.50. They are basically a logistics consulting company that helps small to medium sized businesses manage shipping and cross-docking needs under the name Sunteck. Steady growth. Steady stock. Boring day to day, but undervalued enough to safely park money away with an excellent chance of above average returns.
As far as SLJB, I hope the best for you all. If you aren't long on it, then pick your sells wisely. I've read some of the hype. You would have to assume the numbers on the financials will be considerably lower than the numbers on the Pro Forma. I predict there will be a lot of confusion and volatility as people are initially excited, then there will be selling when the numbers are looked at, and then there will be buying again later in the week when all things are taken into consideration. The two edged sword of AF:
Positive: you have a clear and accurate view of the company.
Negative: you have a clear and accurate view of the company.
I predict it will end the week in the low 20 cent range. My predictions are often wrong...
Good post. Completely agree.
Old Investor, I enjoy our exchanges, which is why I answer. But I still think you only choose to post after you sell a load following a PR and are looking to build another entry point (and investor doubt). Your motives are not as altruistic as you say.
I'm happy for your 40k gain so far and I'm sure you'll make another bundle at the current price. I made 20k and sold out finally in August. I'm no flipper, but I'm keeping an eye out for a re-entry point (and some cash to reenter with!). I could see this stock doing the 15 to 25 dance for a while yet, so I'm in no rush. With 600 million + shares, it's going to take a lot of steady, proven growth to break the rut. I have no doubt you'll do what you can to extend the rut and play it for all it's worth.
You must be referring to Polyus Gold, which spun off of Norlisk Nickel in 2005. I identified them as the best, most likely JV/Buyout candidate in July when they started trading ADR's on the pinksheets.
That would be a happy ending indeed.
Old Investor,
I will repeat my statement to you... again. No financial statements of any kind are required in a merger of a pinksheet stock. An 8k is a statement registered with the SEC, but the 8k does not coutervene law. Namely that there is NO LEGAL REQUIREMENT for financial statements to be filed for the merger to take place. Stating in an 8K that financials will be provided is basically a statement to the shareholders of what will happen, not what needs to happen. The SEC doesn't care when it comes to pinksheets. How many different ways can I say the same thing??
Why file an 8K? Because it gives investors confidence. A statement filed with the SEC can be used to help prosecute a company that engages in wrongdoing, but it does NOT hold a company to a higher level of accountability than the laws and regulations do. But financials were provided... So what's your point?
As far as RSM Top Audit not being SEC approved, I'm referring to an email sent by RSM to CorvetteMark months ago that was posted on the boards you frequent and I know you read, so I won't spend the time to dig it up now. But the point is moot. D&T are the auditors now. If you are so concerned about RSM, you should call them and get it straightened out right away! (like you care!)
All right, what other inconsequential 8k statement are you going to bring up next? I can't wait.
All you young investors out there, there's nothing wrong with flipping. But there is something wrong with fabricating empty issues and statements to facilitate flipping. What Old Investor does is reprehensible. He takes a small factoid and blows it up into some big issue, which it isn't. He starts with a small, negative-toned statement that sounds damning taken out of context. He keeps hammering the small statement as if means something, all the while posting his "credentials" and "knowledge" and downplaying his earlier statement and not understanding all the fuss he created.
He obviously learned nothing about integrity while saving babies from the WTC (LOL). But hey, old investor is hero, so you gotta believe him, right? (LMAO!!!!!)
What nonsense. Educate yourself, old dude. Here's a link:
http://www.stagfinancialgroup.com/rmerger.htm
Pay particular attention to step 3, where it says, specifically, audited financials are required UNLESS they are merging with a non-reporting pinksheet.
While Nord was not a pure shell in the sense that they had assets, the same rules apply. Pinksheets have no financial reporting requirements. Period. You've been floating this BS for months.
AND, the financials provided were COMBINED financials for BOTH companies. Buy some reading glasses and look at it again.
Have you ever considered that you may be too old to invest? Oh no, I'm sorry, you're filling the message board with garbage in hopes that you can flip again. And again.
Clear enough for you? And anybody else who believes your crap?
Talk about low volume....em
Point taken, and I think you are correct in that statement. I think for those paying attention, the legitimacy of this company is not at issue. When the financials were put out in June, it showed a fast growing company that at the time was fairly valued in the 30 cent range assuming the aggressive growth continued. Unfortunately there's been no confirmation since then that the growth has continued. No financials. No additional oil fields. No documented ramp up in production.
At this point in the company's life, folks want visibility into the fundamentals and see a clear path for near term growth. Hiring D&T is a step towards getting there, but it's not enough to overcome the PR's that talked about impending deals, none of which seem to have been finalized.
I have a lot of faith this company will do well long term. The short term prospects are still very hazy.
Actually old investor, it was revealed months ago in an email from RSM Top-Audit themselves that they were not licensed by the SEC to conduct valid SEC-approved audits. They could assist approved auditors with conducting the work on Russian companies, but they could not head the audit and sign-off on it. I believe that Parkin and company was initially unaware of this.
So, a company like D&T had to be hired if SEC-approved audited financials was the goal. So there is a reason for the switch. No need to suggest an arbitrary change here. The facts do not support it.
Of course, I know you'll keep trying to spread groundless innuendo and doubt. That tactic is, I am sure, older than you are.
OT: While I saw the Nord article as good long-term news and added legitimacy, it seems to me the folks on the NDOL board think the 3.5 billion is revenue. It's not revenue, it's cost. In five years, after it's built, the refinery should have a steady source of strong income, but that's 5 years away (63% of 3.5 billion over 6 years STARTING in 2011 and paying off in 2017). NDOL is now the majority owner and has to get it BUILT. I'm sure there'll be a lot of government assitance for cost, but NDOL is keeping the details private. Here is why NDOL has not gone up:
~ Huge costs and unclear how NDOL will pay for it.
~ No details on Creditline acquisition. Were more shares issued? Probably not, but it's a possibility.
~ No completion of previously announced deals to grow income in the short term.
While I think this is a great long-term development for NDOL (and great secondary evidence of AURC's legitimacy), to think that this would shoot the price up right now is a bit of wishful thinking.
I could be reading the news wrong, but that's how I take it. The PR said details about financing will be released as it comes together. Those will be the interesting PR's. Although I think their announcement to not report means there are some aspects we will never be privy to. That may have been a condition of getting the government's involvement. Who knows?
For those intestested, another shareholder newsletter from CWRN's Bob Cotton. Some of it references pictures that I can't copy here. The newsletter is on the website if anyone is interested in seeing the pictures.
Joe
MANILA: OCT. 15. 2006
QUOTING CLINT EASTWOOD, “I’M AS PLEASED AS PUNCH”, THAT’S BECAUSE THE NAGSABONGAN IRON DEPOSIT WAS ALL THAT WAS ANTICIPATED AND MORE. ON SATURDAY WE INSPECTED THE 50 SETS OF DIAMOND CORE DRILLED SAMPLES, THE MAGNETITE WAS RICH IN COLOR, VERY LITTLE HEMATIZATION WAS FOUND AT NAGSABONGAN. THE CREW MEASURED THE BIG CLIFF AT 100 METERS TALL BY 200 METERS THICK AND 150 METERS WIDE. DRILLING FOUND THAT THE MAGNETITE IS SOLID. THIS EQUALS 3,000,000 CUBIC METERS OF MATERIAL AT 4.3 SG OR 12,900,000 METRIC TONS AT THIS ONE MASSIVE OUTCROP. THE SAMPLES ARE GOING TO THE LAB ON MONDAY MORNING. THE CHEMICAL ANALYSIS WILL TAKE ABOUT TWO WEEKS TO COMPLETE. THE 1984 AVERAGE FE CONTENT AS REPORTED BY THE GEOLOGICAL SURVEY WAS STATED AT 67%. THAT’S WHY WE HELD SUCH GREAT EXPECTATIONS FOR THIS DEPOSIT. UNLESS HIGH PERCENTAGES OF TRACE ELEMENTS OF UNDESIRED MINERALS ARE FOUND WE WILL BEGIN MINING AT THIS LOCATION BECAUSE VERY LITTLE MINING PREPARATION WILL BE REQUIRED, MEANING CHEAPER TO EXCAVATE.
WE CUT SHORT THE DRILLING PROGRAM FOR NOW BECAUSE OF TIME DELAYS, ONLY DRILLING NAGSABONGAN AND LAPO-AO. DAYAP AND LASALA WERE SKIPPED. ONCE THE CHEMICAL ANALYSIS IS COMPLETED AND REVIEWED WE WILL GO AHEAD AND BEGIN CONTRACT NEGOTIATIONS WITH A SUITABLE BUYER.
OUR NEXT BIG GOAL IS BY THE FIRST WEEK OF NOVEMBER TO START THE HEAVY HAUL ACCESS ROAD. IT HAS RAINED EVERYDAY FOR THE LAST 30 DAYS; HOWEVER THE RAINY SEASON WILL BE OVER VERY SOON, HOPEFULLY.
THE MOST DIRECT ROUTE TO WAWA IS DOWN THE NORTH SLOOP OF NAGSABONGAN MOUNTAIN. WE ARE NOW STUDYING THAT ROUTE WHICH WOULD CUT SHORT THE REQUIRED LENGTH OF ROAD BY 10KM OR SO. FOR THOSE OF YOU THAT MAY NOT KNOW, THE TOTAL IRON RESERVES OF OUR FOUR MAIN MINERAL DEPOSITS ARE OVER 150 MILLION METRIC TONS. LAPO-AO IS THE LARGEST SINGLE DEPOSIT AT NEAR 50 MILLION METRIC TONS; HOWEVER, THE FE IS MIXED MAGNETITE AND HEMATITE AND WILL REQUIRE CONCENTRATION TO AVERAGE 65% FE.
THERE IS NOT MUCH MORE TO SAY AT THIS TIME, BUT WE WILL RELEASE THE ANALYSIS OF BOTH NAGSABONGAN AND LAPO-AO AS SOON AS WE GET THEM BACK. I WILL FILL THE BALANCE OF THIS LETTER WITH PICTURES AND WILL BE ADDING A LOT OF NEW PICTURES TO OUR WEBSITE.
I CONTINUE TO RECEIVE PERSONAL LETTERS FROM A LOT OF SHAREHOLDERS AND I WILL TRY TO ANSWER ALL OF THEM. WE NOW HAVE NEAR A THOUSAND SHAREHOLDERS, ALTHOUGH MOST ARE SMALL THERE ARE SEVERAL LARGE BOCKS HELD BY VARIOUS GROUPS.
THE SHARE PRICES DO NOT REFLECT THE TRUE VALUE OF THIS COMPANY. I SUPPOSE THAT WILL NOT CHANGE UNTIL WE CAN DEMONSTRATE THE COMPANY IS IN PRODUCTION AND REVENUES ARE COMING IN.
PICTURED TO THE RIGHT IS RUMI GUIDING THE CORE DRILL INTO THE NAGSABONGAN MAGNETITE WALL OFF NAGSABONGAN CREEK. SOME 25 HOLES WERE DRILLED ON THE CLIFF FACE AND ON THE TOP OF THIS MASSIVE OUTCROP ONE OF OUR MANGYAN WORKERS CLIMBS TO THE TOP OF THE MASSIVE MAGNETITE CLIFFS AT NAGSABONGAN IRON DEPOSIT. HE CHECKS THE WALL FROM TOP TO BOTTOM WITH A MAGNET CONFIRMING THE ENTIRE WALL IS MAGNETITE. DIRECTLY ACROSS FROM THIS WALL ON THE OPPOSITE SIDE OF NAGSABONGAN CREEK IS STILL ANOTHER MASSIVE MAGNETITE CLIFF.
THESE MAGNETITE WALLS WILL BE BLASTED DOWN INTO THE DRY CREEK BED DURING THE DRY SEASON. THERE IS NO OVERBURDEN AT THIS LOCATION, ONLY TROPICAL UNDER-GROWTH TO BE REMOVED. VERY LITTLE SUNLIGHT REACHES THIS LOCATION, HENCE THE SURFACE IS COVERED WITH MOSS
PICTURED HERE IS THE SHAW TOOL COMPANY BACKPACK CORE DRILL. NEAL SHAW HAS DEVELOPED A SPECIAL GEAR DRIVE FOR A 2 CYCLE GASOLINE DRILL. THE COLLAR DIRECTLY UNDER THE GEAR BOX FEEDS WATER INTO THE TITANIUM DRILL STEMS FROM A PRESSURIZED WATER BOTTLE. NEAL DESIGNED THIS HANDY LITTLE LIGHT-WEIGHT UNIT FOR GEOLOGICAL EXPLORATION BY FOOT IN REMOTE LOCATIONS. I WISH I HAD THOUGHT OF IT. THIS UNIT WORKS REALLY WELL AND SAVED US UNTOLD SUMS OF EXPLORATION COST. WE DRILLED UP TO FIFTY FEET WITH THIS UNIT. EACH STEM IS 25-INCHES IN LENGTH.
25 DIAMOND BIT CORE DRILLED HOLES WAS MADE AT THE 36 MILLION METRIC TON LAPO-AO IRON DEPOSIT. THIS DEPOSIT LAYS BOTH ON GRASSY MOUNTAIN SLOOPS AND JUNGLE COVERED CANYONS, ALTHOUGH IT IS EASIER TO GET INTO THAN NAGSABONGAN, IT DOES NOT HOLD THE SAME HIGH GRADE MAGNETITE. INSPECTING THE CORE SAMPLES REVEALED A LARGE AMOUNT OF HEMATITE MIXED WITH THE MAGNETITE. THE 1984 GEOLOGICAL SURVEY PUT THE FE CONTENT AVERAGE IN THE LOW 60 PERCENT RANGE, MEANING THIS MATERIAL WILL HAVE TO BE MAGNETICALLY SCRUBBED TO LIFT IT UP TO AN AVERAGE OF 65%.
WELL, WE ARE ALL WAITING FOR THE LAB RESULTS TO COME BACK FROM OUR INITIAL CORE DRILLING PROGRAM. UNTIL THEN WE WILL CONTINUE WITH THE ROAD PLANNING AND WAIT UNTIL THE RAINY SEASON PASSES TO BEGIN CONSTRUCTION. AROUND THE FIRST WEEK OF NOVEMBER I HOPE.
I WOULD LIKE TO STRESS HERE THAT THE FUTURE OF THE MANGYAN PEOPLE HAS BEEN WEIGHTING HEAVY ON MY MIND. ITS IS A RESPONSIBILITY THAT I DO NOT TAKE LIGHTLY. WE HAVE SOME MEETINGS SET-UP WITH VARIOUS GROUPS CONCERNING THIS VERY SUBJECT. AS LONG AS I HAVE ANY SAY IN THIS, WE WILL TAKE GREAT CARE IN BALANCING THE ENVIRONMENT WITH THE MANGYAN PEOPLE’S CULTURE AND SOCIETY.
UNTIL OUR NEXT POSTING, THANKS FOR BEING A SHAREHOLDER IN OUR COMPANY.
RESPECTFULLY,
Robert L. Cotton
PRESIDENT & C.E.O.
Last, but not lest are pictured above some samples from our Jade Deposit near the Dayap Iron Deposit. We are cutting and polishing these two samples for Chinese Buyers in Hong Kong. Samples are also being tested at the lab for Chemical Analysis, Hardness, Specific Gravity and Abrasion Factors. There are several types of mining equipment made for cutting stones. Mostly Diamond Dusted Saw Blades. Also High-Pressure Water Jetting is used in some mining applications. We have been in contact with Jetech out of Battle Creek Michigan who manufactures ultra high-pressure water cutting equipment up to 40,000 PSI pumps. The Jade will be cut into 1 by 1 meter cubes.
I haven't seen any email campaigns. This company does have financials, they list on the OTCBB after all, but these are test orders to get their products known, not big revenue generating placements. The objective here is to get additional orders. Since you obviously haven't looked very deep into this, the initial orders were shipped about a month ago and most stores reordered after about 2 weeks. The initial orders were probably variable in size, but the revenue from these orders is not the point. The products need to sell well in these initial placements for larger department stores and clothing chains to take an interest in the product. That's the objective here.
Glad I bought at .36. Good things happening. Still looking forward to hearing the scoop on Reo Starr.
That said, I think this company would be better served with a few less fluff PR's. But too many is better than not enough. One of my other companies did not put out a PR out for 5 months! Thankfully, they are talking again.
Big project. An ROI of 11 years out is pretty distant. It would be good to see confirmation of more near-term opportunities as well. Still, hopefully this goes yet another step to fully legitimize both NDOL and AURC in investor's eyes.
hey brent,
Back from Canada. Had less time in Montreal than planned, so I didn't get to break away from the family to visit Monimpex like I had hoped, but I don't think it would have altered any investment decisions anyway. Drivers there are crazy...
I'm in AURC, CWRN, NNRF, and SUUB. Down in all of them at the moment except SUUB. I still think they are all solid opportunities, though and am holding.
I learned that my cousin in Canada works for the iron ore subsidiary of Rio Tinto, so I shared CWRN with him and got his thoughts. I posted them on the CWRN message board, if anybody is interested.
joe
Hello, CWRNers. I'm back from Canada, where I found out my cousin is a financial manager with very large iron ore mining operation (of all things!). I had him look over CWRN and share his thoughts. His main concerns were with the infrastructure that would be required to meet Bob's production goals of 400k and 600k tons a month. That's a lot of ore to haul over 30k on "quick and dirty" roads. Also, the amount of secondary processing required could potentially be a BIG hurdle to overcome. Neither of us question Bob's integrity, tenacity, or dedication, but feasibility is still a big open question.
Cutting 10k off the road route would be huge.
I think we could see a boost in PPS if the lab results confirm that no secondary processing will be required on the first site. Financing for additional processing, though, does need to be put in place. I suspect that, given the current share price, Bob is likely to go the route of discounted off-take agreements to come up with the financing. My cousin warned that the Chinese are notoriously bad with keeping agreements, but an agreement where the cash is delivered up front is probably the best way to go with them.
I'm still high on the potential here, but I advise extreme caution to new buyers as a bad lab result could throw everything out of wack. But, if you are willing to take the chance, a good lab result could be the start of a recovery as well. Based on that principle, I picked up another 90k shares today at .028.
(8^>)
Brent,
I`m in a resorty type place outside of Quebec right now and have a brief chance to catch up on things.
In answer to your question about CWRN, I am still sold on it, but consider the timeline for payback to be longer than expected. I don`t think this stock will see significant movement until next year. I think the biggest risk at this point is Bob deciding he`s had it with being a public company and cancels the shares. As long as he doesn`t do that, then the return will come. So far, he`s talked as if he wants to do right by the shareholders. Right now, the best way to do that is to get to production ASAP. He has the funding to build the necessary roads, they just won`t be completed by the end of the year.
My advice, stay out for now, but continue to watch.
Joe
The biggest risk with a lot of these pinks is that they are run by one guy. Do you trust that guy, or don't you? If Bob gets hit by a bus tomorrow, our shares are worthless.
In no way does this stock, or Bob, fit any pattern of being a scam to my experience. It does fit the pattern of being a single man's particular vision and voice. Bob does not seem to filter his opinions much before sharing them. I actually appreciate that, even if it does mean a bumpier, less-professional ride as a shareholder. Bob's living his dream and we're basically living it with him, hoping we can profit by it as well. Overly optomistic? I for one hold no illusions that this is a sure thing, but I do appreciate Bob's candidness and I'm having fun holding here. I hold enough to potentially profit nicely, but not enough to loose sleep.
I think this stock is very authentic. Is the goal realistically acheivable by Bob? That, to me, is the real question, and may never be answered to anyone's satisfaction until it happens.
All of your stated concerns are pure speculation. I'm sorry you've been burned in the past. Your continued investment in the pinks says that you are willing to get burned again. If you truly interpret recent events in this way, then reduce your position to a point where you can live with the risk and relax. If you don't trust what Bob is telling us, you need to move on.
Seeing consipiracies everywhere is no way to live. Put your money in a place where it won't give you heartburn.
rah, rah... (I like this. I may make this my signature!)
Based on your concerns, I strongly urge you to sell. Never stick your head in the sand. Don't be stupid about your money.
Last post. Honest. I gotta plane to catch.
Sorry if I too often take an argumentative tone. I grew up arguing issues of the day around the dinner table and am comfortable with debate. Please don't anyone take it personally. Nothing I hear goes unquestioned... (8^>)
Oh, and news from SUUB. I decided to buy today before the acquisition details. Things look like they are moving:
Sub-Urban Brands Announces Immediate Product Reorders from Fashion Retailers Following Strong Product Sales
A New Orders Validate High-Growth Business Model as Company Expands
National Distribution of Multiple Apparel Lines
LOS ANGELES, Oct 04, 2006 (BUSINESS WIRE) --
Sub-Urban Brands, Inc. (OTCBB:SUUB), a multi-brand apparel company pursuing high-margin revenue growth in the global fashion industry, has announced that influential boutique retailers in California and Hawaii have placed immediate reorders following quicker than expected sales of the Company's two most popular fashion brands, WHITEBOY(R) and Mash Culture Lab(R).
Sub-Urban received an immediate retail reorder from influential fashion industry retailer Fred Segal of Santa Monica. Fred Segal sold out certain items of the Company's signature Whiteboy(R) clothing line in less than 48 hours. The reorder was for triple the original quantity of product. Retail fashion industry stylists and buyers for the largest retail and department store companies, as well as fashion-conscious consumers, look to Fred Segal to identify new trends and styles.
"We believe these strong sales indicate the exploding popularity of our brands as we continue to broaden our distribution coast to coast and beyond our borders to bigger international markets," said Joseph Shortal, Chief Executive Officer of Sub-Urban Brands. "We believe these reorders also validate our diversified multi-brand strategy, which tailors specific brands for highly-targeted retailers and their consumers. It's important for our shareholders to understand that our brands are here to stay and that they will continue to grow in the coming months and years ahead."
Recently, Sub-Urban announced the execution of a letter of intent to acquire premium fashion denim company Reo Starr, ranked by leading fashion industry sources as one of the top trendsetting brands in the global youth-oriented apparel industry. Reo Starr's products have already been lauded by many fashion press and industry observers - including Us and Lucky magazines -- as one of the best fitting, high-fashion jeans in the country.
An immediate reorder was also submitted by CD Wizard in Hilo, Hawaii, just blocks away from a popular port stop for Pacific island cruises. The retailer, known for introducing new brands to an elite international tourist clientele from Asia and elsewhere, sold out every item of Sub-Urban's Mash Culture Lab(TM) clothing line in less than four days.
Through its various brands Sub-Urban targets the fashion industry's coveted youth marketplace, a consumer demographic with more than $200 billion in spending power. The shipment of retail orders for the initial MCL(TM) and Whiteboy(R) products represents a key achievement in the Company's strategy to develop new brands and win retail orders from the nation's most influential fashion trendsetters. Within the next 18 months, Sub-Urban intends to expand its brand offerings through global distribution networks in Japan, Canada, Australia and 25 other European markets.
Okay. I'm in. 32k shares at .36 cents. Now I'm positive it'll hit .25 LOL.
Okay, that does it. I put in an order at 33k shares at .35. We'll see if I get it.
I know why Virgin didn't have any re-orders, they stuck the product in the back corner of the store by the service elevators....
Yes indeed.
Wrong Red Sea Group. Look for a Red Sea Group in Dubai, not Isreal. There's so much misinformation around this stock. Good luck on the audited financials.
Hello Vasco,
Yes, you are missing a number. Ounces (or kg) per ton. The tonnage is the size of the vien, but you need to know how rich it is. I assure you MGMX does not have 5 trillion in assets. As an example, one of the richest veins in the world is NG's Dolan Creek property, with 23 million ounces. I'd wager it's not even possible to have an 8 BILLION ounce property. The price of gold would drop to $5 an ounce if that got into the market. LOL.
You guys sound like old hands at avoiding taxes...
Thanks for the tip.
BTW, I'm leaving with the family for a two week trip to Canada tomorrow. I won't be posting much, if at all, during that time. I wish this stock Godspeed in my absence!
Great. Good news. I'm still a little leery of a short term price fluxuation based on the Reo Starr acquisition, which I assume this financing has nothing to do with.
My biggest hesitation is probably personal: that WHENEVER I buy, at some point I always wish I waited. I will buy into this company at some point, but my instinct tells me now is not the time. When I first looked at this stock, it was fluxuating in the .50 range. Then it was the .40 range. Now it's the .30 range. I know I'm pushing my luck, but I have a strong feeling this will hit thirty cents or less before it goes up. Maybe I'll just put an order in at that price and let it sit. Maybe .31...
I do believe, though, that management is doing all they can not to dilute. I'm just not sure how long they can avoid it not having any cash.
Hmm. That's the best advice I've heard all week. I'll have to research this "investment expense" thing. Thanks.
Hey gang, I'm heading to Canada tomorrow and will be in Montreal towards the latter half of next week. I plan on paying a visit to the Monimpex offices on Thursday or Friday. I'll let you know how it goes. If anybody has been there and has any advice, I'd be happy to hear it. I'm going to keep any interaction I have friendly and above-board. I'll let you know what happens.
Hello good people. I'm heading to Canada tomorrow and will be in Montreal the latter half of next week. I plan to stop by the Monimpex offices and say "hi." I'll call ahead when I get to Montreal, but I don't expect to be able to talk to anybody until I actually walk through the door. Wish me luck. If I do get a chance to talk to Parkin, I'll ask him a few questions on AURC, but mostly just thank him for all work he's put in. I'll take some pictures for those of you who have not seen any of the previous pictures that have been posted. If anybody has been to the offices and has any advice, I'd be glad to hear it.
That said, I may not post here for couple of weeks. Cry, rejoice, you decide.
Before I go, I want to share with you a stock that I will be taking a position in soon, I hope. It is a budding urban clothing company that has aggressive growth plans, celebrity endorsements up the wazzu, and very strong marketing. They are Sub-Urban Brands (SUUB). They trade on the OTC BB and have 50 million outstanding shares. They sell products under various brands: Mash Culture Lab (MCL), Whiteboy, Whitegirl, Black Jesus, and PYT. Whiteboy is their celebrity high-end line while MCL is their general market line and where the serious revenues will come from. Reasons I like the stock:
~ Real company, real products. They just sent their initial MCL line to a few select stores (Virgin Megastores and some trendsetting stores in LA and NY). On Friday I went to the Virgin store in SF to check out the clothes first hand. I bought a sharp-looking hoody. The clothes are geared towards teens and 20-somethings, but I have to say they looked good compared to the Zoo York clothing they were placed with.
~ 50 million shares is a reasonable amount. I kind of expect this to grow soon. They just announced a letter of intent to acquire a denim jeans company, Reo Starr. They need to add denim to their line (and Reo Starr has a good look), so it's an acquisition that makes sense, but only reason I'm not buying at this moment is to see the terms of the acquisition. There could be some dilution here, but long term it's the right move.
~ Aggressive and innovative marketing. The company puts out oodles of PR's, about half fluff, half substance. They are positioning themselves within the music industry by promoting young bands. They host an annual culture awards ceremony in NY. They have attached mini CD-ROM's to their clothing offering deals and music downloads. I think their approach to building presence in the youth culture rather than traditional marketing techniques is the right way to go.
~ Global 18 month international growth plan seems to be well on its way.
Here are the various websites:
www.whiteboy.com
www.mashculturlab.com
www.sub-urbanbrandsinc.com
Like I said, I'm waiting for acquisition details before buying, but I really think these guys are doing it right.
Happy investing!
While I am slightly disappointed there will be no shipments in 2006, I can't say I'm all that surprised. I thought the timeline was ambitious given how rough the terrain was. When you read articles about the resources on Mindoro, the main reason sited that they are not currently exploited is the difficult terrain.
I think this stock will go as the roads go. A lot of uncertainty right now around how to build the roads and financing. The jade is a nice addition, but more importantly it sounds as if there will not be significant issues with the indigenous population.
It also sounds as if they won't be able to get the equipment up there to measure proven reserves until there are roads, so they will start mining without having a definitive valuation. Seems like they are simply looking for surface ore they can blast out to get some shipments going. And it sounds as if the surface ore is there.
Sipe, I don't think the diamond drilling on the iron ore will do much for the stock price - since it won't lead to any definitive valuations - but drilling for the jade might paint a clearer picture of those assets and provide a boost.
What will really move this stock, though, is proving that this rough terrain can be tamed enough to get the ore out. Bob needs to demonstrate that he can bring the ore to market, something he failed to do in Mexico.