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Thanks for being frank.
It aint over till the trustunits sing.
And Egypt is where the pyramid schemes were started by Bernies's relatives.
you gave me a charge true
nice post considering u are talking to a welfare recipient. lol
Royal- I was being facetious about the float. Petty cited 1.8 billion a few years ago and the alleged float was restated in the 10q filed for the 1st quarter. Ok maybe forever was an exaggeration.
Good find sir. You ought to change your name to hound dog,even though you are not crying all the time,and you aint never caught a rabbit but you are a friend of mine. The status report seems to be a recapitualation of the original memo to franklin posted a month ago except he indicated he is writing up the audit now. The fact that he does not have a cross section analysis affect his opinion on the scope of the the mineralization but like you, what do I know. Thanks for the find. My guess that a week to ten days sounds about right for the final audit.
Even if they are selling, the fact that there is a buyer for the 30gs is encouraging. Remember it does not count for the float which will remain at 1.8 billion forever.
It doesn't matter. Hey Abott!!! Around 30,000 dollars of stock traded today. The earnings are not important here. The question is whether there is gold in dem thar hills. Sing Biste for me.
You'll get a charge out of that vehicle quoth Voltaire.
Isn't a lucky liberal an oxymoron. Kinda like jumbo shrimp. I do think that Warren is attributed to quote the Raven nevermore.
That is a paraprase of a quote from the great Warren Bufett. Sounds easy in theory. Not so easy in practice.
Tell me something I don't know.
Thanks for the update. I seem to recall that Petty has stated that the float was around 2 billion in interviews on the web which occured way before the huge increase in outstanding shares. I believe that the company would be in serious legal trouble if there statement on a SEC document ,which is attested to, proves to be false. It would also explain how they could still adhere to the notion of a buyback. Please keep us posted as to your conversationwith Steve. BTW The 169 years of reserves is laughable since it is based on a recovery rate of only 10o tonnes per day. As nybob would say: God Bless
The stated float of 1.8 billion shares is the key . Do you believe that 24 billion shares are held by insiders who bought shares from the treasury? Also, I see that the preferred shareholders, dominated by Petty, have voting rights controlling 51% so that the common shareholders, dominated by the major investors,really have no say and cannot assume contol.If this information,which is attested to by management, is true, the company could make an offer to buy back the 24 billion privately held common shares and this stock can trade much higher. I am encouraged that we still have a good shot if revenues are divided by the float # rather than the outstanding shares. I would apprecate comments from thoughful posters like you. The junior follies gang (you know who you are) need not reply.
Maybe he should try priceline.
Where is info posted? I cant find it on the website or news releases.
Or the big bucks buyers from Treasury are unwilling to but any more shares.
Enuf said. good luck to you trustunits. Glad you are paying off your debt. Owing money is not a good thing. Invest in condoms unless you are making a withdrawal.
Nah. No kids I bet. Unless 16 year olds are fathers. No wife either. Just a good feel for the casino games and too young to play in AC or Vegas.
Let me sing you a song my friend: Fairy tales may come true it can happen to you if you are trueheart. If you are the very one whose right. with a little Biste of love you will be right.
Post number 31600 says it all as to what is going on with this company. Looks like we should only trust the first three units in the price here.
The silver business looks pretty good lately as cde has moved back to 16 from a 3.60 low in March. It is disappointing that Franklin has not reported any revenues, as confirmed by Mart, in the first 6 months. The stories about the use of trucks to transport the ore for processing and the utilization of a pilot plant and a nearby processing plant has not materialized. If the company was able to show that they could sell any product, including silver, the stock would have reacted. While I share Mart's belief that the principals are hard working and doing their best, the failure to produce as promised gives them very little credibility. As the markets recover, the lack of news here,when people again seem to be bying stock is disturbing. They need to show some real action at the Escala now.
Glad to see you are a free man. Maybe there is hope for prisoner. Well lets see since you were gone in NOvember: A new President took office; the stock market tanked in March; market recovered its losses; and fmnj held as steady as a rock as the company prepares for better times. OK you are up to date. Mart has been appointed your parole officer so keep your nose clean and feel free to post your gems of wisdom.
This can go lower my friend. If you think a stock that costs 100 bucks for a million shares is overpriced, you should not buy any more. Good luck. BTW a few years ago I loaded up at .001 and paid a thousand bucks for each million shares. The company traded only a few million shares a day o average and luckily I made out real well. As they say in the lottery game: You gotta be in it to win it. Of course times were different then and for the most part lightning does npt strike twice in the same place. This stock is a major long shot but who knows.
Many here have the opinion that a pinkie cannot go lower than .0001. Unfortunately that is not true. There are many stocks that trade below that level. Check out either microcap or equityfeed.com for a list of the real bottom feeders. As for the big volume days here, if seems rather obvious that those days are trades out of treasury to major investors. When they are through this stock can move on much lower volume belive it or not.
It is the dollar volume that is imporrtant. 16 million shares is only 1600 dollars. It needs to do a billion to be impressive
Actually many times stocks more without news or should I say before news as insiders or others in the know buy before the news is published. It is sometimes called the move before the Move and it also accounts for the sell on the news phenomenon that hits many stocks as the cheaters sell on the pop. This is a variation of the dump and dump scheme. It may happen here a few days before the Biste report is published or you may get huge volume at the bid as the comp[any gives the private investors another shot. We shall see.
Fmnj is the only company in town at the site. If there are good mineral resources there, the gov't Comibol unit would probaly use franklin as the mining company. Its all good, It may get exciting in a week or so.
thanks for warning us. you have a apt moniker
Are you touting gpr on this board? Hmmm
Don't you appreciate a great stock tout, oops I mean tip, from your new friend who gives you GPR, a Canadian company,which trades a average of a few thousand shares a day at around 50 cents Canadian, has mining interests in a safe haven country like Mexico and a market cap of 50 million. By the way it does not trade on any American exchnnges so if you are interested you have to find someone who can trade the Toronto Stock Exchange, which has a notorious reputation as a fixed casino. He gets his kicks bashing a company that is on the balls of its rearend and is trading too low for people who bought at any level to sell. These message boards are filled with many disgruntles investors, many of whom probably sold at a loss and hope that the stock will not recover and aggravate them further. This one may or may not work out but, if it does, those who bought at these paltry levels will certainly be happy campers. Anyone who is tring to stop someone from taking a shot at a million shares for a hundred bucks is mean spirited. Good luck.
I agree that it another distribution of cheap shares to major investor(s). It is possible that the company is letting them load up before Biste's report, which is supposed to be in management's hands today. A flat line chart can be a harbinger of a major move. We shall soon see. I thought it was going to happen yesterday and was wrong (again). Oh well, even a stopped clock is right 2 tomes a day. GLTA.
I think the time is NOW. Enjoy sortagreen and the other naysayers.
He is a young guy not too experienced in the market and does not understand that the aftermarket bid ask is meaningless on the pinks. That's why he gets excited at the after hours offer. Why people repond to those who predict 20 cents for this stock is beyond my ken ( and my barbie). Good luck to all and to all a good night. Iman
There is a u tube trailer of the documentary that is very impressive. It show the stark reality of the sad and dangerous life of the miners who work the cerro rico. I am sure it will be especially disturbing to NYBOB since Basilio , the 14 year old, worships the devil who he believes rules the mine which does resemble a portrait of Dante's Inferno. Thanks for the info.
Royal page 4 of the 10k clearly stated that the weighted average of the number of outstanding shares is 1,838,370,875. We also know that the company issued 11 million shares to an investor for a few million dollars. I cannot expalin the discepancy but the quarterly report is an official document which should not contain false information. Perhaps many of the shares issued are restricted and not considered in the float. In any event if the company is saying that there is approximately 2 billion in the float, it will certainly affect models of the potential market cap vis a vis stock price. Why can't this issue be clarified since it certainly appears to be important to present and future investors. Please try to get a clarification from a reputable source if possible. TIA Iman
That the govt may expand the area of exploration for fmnj does seem plausible especially if there are some significant gold reserves there. Biste also has alluded to the fact that his report will be crucial in giving the comapny credibility with bankers.
Royal the 1 billion share figure was listed on the 10q for the first quarter of 2009. Are yous aying the sec socument is incorrect. I don't get it either!!