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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.
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.