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How old are you and where in Canada do you live. Don't be depressed. Often things get better just when it looks the darkest. Hanag in there and try to find something you enjoy. Aren't the leaves in full fall foliage where you are? The stock looks good today. 9 million traded at 2 and 25 million at 1.You may not need the money from the govt.
My dear TU nobody knows where the price can go. Your wild predictions seem unlikely since the market cap as measured by the outstanding shares times the potential price would make this stock somewhat prohibitive. If the stock moves to at least the thousandths of a penny level AND the company does something to reduce the os by some sort of buyback witjh private investors, the stock can make a biel like move in my opinion. When the stock moved to 15 cents years ago there were billions and billions of less shares outstanding. The real question for investors is the informantion on the float. If that is not too high we may be on our own float in the parade in Rio de Janiero where the mammas of the Andulvian coochies happily reside as they await the rich gringos who bought fmnj at bargain prices.
As we speak, the first 5 million shares trade at 2. Hmmm. Can Nostraimanjen's call on October 13,2009 be the day the stock turns.
A Biel and fmnj comparison may be useful for an indication of what it takes to move a stock like fmnj from flatline deaths door to at least a viable penny stock. Biel has an aggressive management, like fmnj, that was fingered by the pink sheets for not updating its financials and over promotion via news releases the pinkos thought questionable. The company has a product line it is advancing toward profitability and is moving to get listed on the OTC. These are all thing in common with fmnj except that.... biel has financing. If fmnj gets financing via a positive report from Biste encouraging investment bankers like Baron Rothschild, who knows what can happen here. Hope the TUster gets his check soon so he can load up before the cart leaves the tracks and heads toward the processing plant. I don't believe it will take too many shares hitting the 2 offer to get the mms to move the ask.
Fmnj being on a list for silver producer because of its alleged interest at Cerro Rico is bunk. The Comibol cooperative runs Cerro and Franklin will not be able to develop the property for years, if ever. The real silver producers like Couer d Alene( CDE) have amde major moves to new highs on this runup in silver. If the Biste report is strong, perhaps there will be a bounce based on the mining reserves located at the Escala. The lack of news from the company during a bull run in metal producers is troubling. Good luck and lets hope there will be some news soon. Even the pscho dude gave up and took back his $2500 investment. Most here, including yours truly, are either pycho, deluded, or on government disability.
I guess the check for the state of Nevada has cleared. Company has enough money in the bank to file the necessary paperwork unless TU mailed them his government check so they could cover it. We now have as many shares as Carl Sagan speculated there were stars. Billions and billions.
Very disappointing news when we were lead to believe by Steve that the audit was being reviewed. If the cash crunch is so bad, the company may be in worst shape then the truster. Please post the email from senor Biste.
Guy seems to be a phony. Check his posts. Maybe this is another name for the ex moderator here who bashed his own board.
Now conned by William Petty. Looks like you have the Willies.
Please don't ask Getthem to five you ,at worst ,a rumor,and at best ,insider information that should not be revealed and doesn't help anyone. I hope your feeling or hope is correct getthem, It is good to know you are optimistic.
Lucky you. You are a smart fella.l
Tax loss elaboration as per your request. If a security is not negotiable for a sale(eg. you cannot sell at the .0001 bid), you can write off the investment as worthless and take a $3000 tax loss per year until the loss is eliminated. If the stock somehow revives and you sell the security, you file an amended return and recapture the gain which is long term and hence not too bad a tax bite. That is my understanding but you should check with the IRS or your accountant to confirm.
Sorry to hear that you fell on your sword. Good luck to you my friend. Please delete the quotes from your screen since it would be too aggravating if this thing moved and you turned out(no offense) to be a reverse indicator. I am more of a dreamer and would rather lose it all rather than take 100 bucks for each million owned. The tax loss alone makes this a hold for me. Excelsior away!! Regards to Sir Lancelot and the key to Lady Geneive's Chastity belt he is holding as a loyal liege.
Welcome back DD. At last count you had 85 million shares. For a mere 3gs you can make it a cool 100 and hope to sell half at .0007 taking a cool 35gs off the table. You got a shot kiddo if you are not a Sylvester.Good luck dude. I feel bad for you since you were in at a time at least some here were taking money off the table. good luck
With this investment we need librium not lithium. UMMM
Sorry about the typos. I meant infrastucture but maybe that was Freudian and I should have used unfunstructure.
You make a lot of salient points about the business model that has been promulgated by fmnj in order to curry favor with a government controlled economy. The one missing ingedient, it seems to me, is the company's raising of capital from private venture capitalists or investment bankers. At one time senor Rothschild was believed to be int4erested ,but it appears the financial crash has caused his interest, if it was ever real, to wane. As oft stated here, the hope now is that a legitimate positve assay from Dr. Biste will provide enough collateral for a major investor to step forward to finance the expense of building the unfrastucture needed to support substantial mining production. As for the stock action, usually if things are turning positive, the offers fade quicly and the bids become strong. Ir still looks like a minor breakout to lets say .0007 is in the cards. Once the stock gets to the .001 level, it will be easier to move the stock to heights no one will nbe able to accurately predict IMO. Good luck.
Fordamoney- Thanks for clarifying my post. I agree that we need a move on real and not disinformation. Hope my typing skills improve. Hunt and peck aint easy.
No buy back. The yahoo poster found the Nevada website indicating that the form to register the additional shares was rejected because of a bounced check for the filing fee. Do some homework please before you post rumor or unfactual information.The stock does have some nibbling at the .0002 level which is somewhat encouraging. Let's hope we get some real news as opposed to the puerile posts by many here who are making insane predictions based on nothing but a lottery ticket mentality.
They are not paying upn no news. Tey are buying on a bet of fture news they belive will be announced. Buy on the rumor and sell on the news. This may be a good sign. Stock could move back to .o006 or so on initial news. lets hope the Biste report will blowit out of the water.
Thanks Fordamoney. The proof is in the puddin. Lets hope that this will be enough to spur some majotr investors to give the company much needed capital to advance the mining.
Your theory sounds plausible.
Interesting thought. Another scenario is that Rothschild was interested in the project but by March of this year, he was buried along with others by the worldwide stock market collapse and now has better things to do to rebuild and survive.
I see that Micheal Biste's website is up and running again but it contains no updates on the Escala audit. Also the promised new Fmnj website is still not running. Maybe the check for the new web designer bounced. At a bank charge of 25 bucks per bounced check, we are getting screwed. Petty needs to sell a quarter of a million shares just to pay each bank charge. On a positive not, it seems there are some suckholders who are nibbling at the a .0002 level. I hope they are buying on some knowledge of some positive developments that will soon be announced.
Hotdog- The document you found is the State of Nevada amendment to authorized shares that a public comapny doing business in Nevada is required to file when they change the total of outstanding shres. The fee the State charges to file this amendment is $500. Apparently the check issued by fmnj bounced causing the $500 to be returned and an additional $25 fee for a bounced check was charged. This is obviously a bad bookkeeping error and indicates the company's resources are thinner than Trustunits welfare checks and Truehearts compassion for the Truststers hope to get rich. The solution to rectify the error for fmnj is simple: Sell 5 million shares out of Treasury and it has the 500 bucks needed to file the amendment. BTW I hear the boyminers are seeking a public option for their health care to pay for the STD protection from the coochie coochies and the llama flu currently sweeping the area. Look for some comment tonite from the President since the antimony reserves here are perilously thin due to demand for the Volt.
Do you really believe the guy who paid 500 bucks for 2.5 million shares got screwed. I guess if you assume that he would have been filled a .0001 you are right but big deal. If the stock goes to a penny(unlikely) his 500 bocks goes to 25,000. Hmm what a sucker he would feel like then.
2.5 million premarket and 10 million on open. Hmmm. Back to .0001 offer. Very strange. Maybe it was the beginning of the month welfare recipients who get their check.
Anyone have level 2. My scottrade shows 50 k on the offer. Please post market makers if you geet them.
Opening trade was 1 million at .0002. Some moron paid up.
I cannot believe my eyes. Asking .0002 during trading hours.
Expect nothing with this stock and you will not be disappointed. Website smedsite. I am preparing for preparation H because I am getting hemmeroids from this stock. As they say, senor petty, sit or get off the pot.
Invest- I think he was referring to Michaelbiste.com which appears to be down. Maybe Biste is doing maintanence preparatory to his report on the Escala. It is a shame taht the price has been unaffected by the nice move in gold. There used to be a positive move even when cpmpany's had some vague gold venture such as been announced here. The good news is that soon all the investors will be on public assistance and then we can buy more stock using the government money. Like the banks, if we hit it big, we can return the money as I'm sure Trustunits plans to do. In units, we trust.
It is almost criminal that you are on government assistance and have spent the taxpayers money on an extremely speculative stock. If a money nmanager had done the same for a customer in your situation, he would be liable for very poor investment judgment.If you are disabled, I am sorry for your predicament. A lottery ticket is probably a more sound investment and a whole lot cheaper.
The stock has flatlined. Has anyone out there heard any word from a spinmeister as to what the troops have to look forward to. What is needed is a strong electric shock to assure us that The Monster is alive. It is eerily quiet.
that's a conduminium silly. A small unit bought buy wealthy people in Florida. Go FMNJ. Why are we talking to trustunits. Is he a Teddy Roosevelt devotee. Oh, thats a trustbuster. Definition of Biste in espanol . i believe is little. The report may be pequeno.
I never played a conundrum but I'm pretty good on bongos.
A reading Biste's recap of his trip reveals that he was disapointed that no cross section surveys have been performed. This has led me to conclude that his report will be equivocal and suggest that a more detailed survey will be required to form a definite expert opinion viz a viz the reserves. His final report may turn out to be a non event. The company has been uncomfortably quiet. I think when welfare recipients become investors it is a pretty good sign that one should stay away or sell their position. My daddy always told me to never take investment advice from someone who is not richer than you are.
Isn't America great.
Are they fully diluted of fully polluted. The 10q states the weighted average of outstanding shares is 1.8 billion. What the hell is weighted average? Is that the same as the float? Also I see they raise about 1.5 million from issuance of shares. I think it is all bs unless they start to work the mines now.
Thanks for being frank.