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Not yet.
"seeing how this is a material event ;)and confirmed on Wednesday
From the State You would think there should be no reason why A PR is not released Today Monday. Do you agree? "
It was confirmed by the state that they are going to issue it and are done with the review. now they just needed to send it around for the legal requirements of signatures.
that is what the state said. So - although the company is about to get it, they have not gotten it as of yet. So a PR would be putting the cart before the horse, as some have pointed out.
The state can call it a done deal, and a[[arrantly have, but until the company gets it IN HAND, they can't issue a PR.
I think it may come today, or will come next week. Just need the (slow) state to finish their stupid long wait for just signing what they are already calling a done deal. then the real excitement begins.
I'm in LIndy.
I was giving some thought yesterday to how high this stock can truly go on good news. For my own use, for MY own thoughts of when to maybe sell some off, but it was an interesting result, so I'll share it here with the board.
My answer to where it can go?
MUCH higher than I originally was thinking. Putting pen and paper together has me thinking entirely different numbers.
The price at the time I did this was .022. The market cap was $19.3MM. If we find let's say $200MM in treasure (our cut) in the next (day/week/month) then what is the stock worth? Yes, this is predicated upon getting the permit AND finding treasure, but I am working on numbers given my large confidence that we DO find treasure. Where I should sell if things move forward in a positive way. Continuing on that answer. With $200MM in assets, the stock cap. should not be priced below that number, but a multiple OF that number. No growth stocks are at a book value ratio of 1. But working the numbers still. With $200MM in assets, our price with a market cap of only $200MM would be about $.23. If we are at 2 times [color=red][/color]book, which is LOW but might be where we cap out at first, that is about $0.46 per share. A market cap of $400MM with assets of $200MM. That would be priced pretty low and would still attract buyers IMHO, so I think that market cap could be reached AND held. Especially if that is after a little searching and there is still more to be found. So a market cap of $400MM is $0.46 per share.
What if we find twice that. Find $400MM in assets. Some say that is a low estimate for this shipwreck. But if we found that amount, could we be at $0.92 per share? Fundamentals say "yes" in my research. I'm just throwing thoughts out there. Numbers. No one knows what will be found, so these numbers need adjusting when more is known. But for now, my thoughts say I won't sell myself short on this stock if we start moving up on the PR of a permit. And I'm NOT going to sell out just because the stock goes up to maybe a dime or some other arbitrary number based on nothing. I want a price and a REASON for that price, so I crunched numbers. Granted, I don't think we are going to $6 like OMEX did, but that is because I am looking at market capitalization, not stock price, and we have more shares outstanding. But I can see a price above $0.50. And if the treasure is enough off this wreck, maybe a multiple of that.
And those are numbers I would NOT have spouted until I did this objective analysis (With subjective numbers of what will be "found".) These numbers sounded impossible to me, as I too was thinking that "10 cents is 5 TIMES 2 cents, and a HUGE gain." Now? I think that is too short of a measuring stick and not based on any objective numbers. Now these much higher numbers do NOT sound unrealistic to ME. Still need the permit AND to realize the wreck IS what we think it is, but if so, these numbers are not unreasonable. Not to ME at least.
YOu write
"As a shareholder, I actually take the time and effort to do my due diligence. I contact the principals, the crew, my sources in the Dominican government"
Please tell me who "the principals" are. Wilf is #1. And ...
nope, can't get any more than that. Please tell me who they are. thanks.
With all this positive volume, I thought maybe we finally had that elusive permit in hand.
But I looked at Occulus and nothing was showing there, so I guess not. bummer.
No, he's still got 2 million at .0217. Just someone undercut him with 30,000 shares at .0215. Let's see if he adjusts it when someone takes out that .0215 ask and his shows up again.
Thanks. So where are you now, as of this week? ANy updates?
In the first half of the day we trade three times normal volume, all on the buy side, and someone comes in with over 2 million share on the ask below the last trade?
that's not how people normally trade!
You want to unload, you unload a few hundred thousand at a time, you see if it keeps rising into your ask, and if it stalls you go a little lower, but you don't show a hand so large that it could scare away those buyers you WANT to take your shares.
No, that makes no logical trading sense. Almost like someone is trying to put the brakes on, more than just sell some shares.
I was giving some thought today to how high this stock can truly go on good news. For my own use, for my own thoughts of when to maybe sell some off. My answer?
MUCH higher than I originally was thinking based on just arbitrary "thinking" in general. But putting pen and paper together has me thinking entirely different numbers.
The price right now is .022. The market cap is $19.3MM. If we find let's say $200MM in treasure (our cut) in the next (day/week/month) then what is the stock worth? Yes, this is predicated upon getting the permit and FINDING treasure, but I am working on numbers given that we DSO find treasure. W here I should sell if things move forward in a positive way. Continuing on that answer. With $200MM in assets, the stock should not be priced below that number, but a multiple OF that number. No growth stocks are at a book value ratio of 1. But working the numbers still. With $200MM in assets, our price with a market cap of only $200MM would be about $.23. If we are at 2 times book, which is LOW but might be where we cap out at first, that is about $0.46 per share. A market cap of $400MM with assets of $200MM. That would be priced pretty low and would still attract buyers, so I think that market cap could be reached AND held. Especially if that is after a little searching and there is still more to be found. So a market cap of 4400MM is $0.46 per share.
What if we find twice that. $400MM in assets. Some say that is a low estimate for this shipwreck. But if we found that amount, could we be at $0.92? Fundamentals say "yes" in my research. I'm just throwing thoughts out there. Numbers. No one knows what will be found, so these numbers need adjusting when more is known. But for now, my thoughts say I won't sell myself short on this stock if we start moving up on the PR of a permit. And I'm NOT going to sell out just because the stock goes up to maybe a dime. I'll wait. Granted, I don't think we are going to $6 like OMEX did, but that is because I am looking at market capitalization, not stock price, and we have more shares outstanding. But I can see a price above $0.50. And if the treasure is enough off this boat, maybe twice that.
And those are numbers I would NOT have spouted until I did this objective analysis (With subjective numbers of what has been "found".) These numbers sounded impossible to me, as I too was thinking that 10 cents is 5 TIMES 2 cents, and a HUGE gain. Now? Maybe that is too short of a measuring stick. Now these much higher numbers do NOT sound unrealistic. Still need the permit AND to realize the ship IS what we think it is. But if so, these numbers are not unreasonable. Not to ME at least.
Very nice volume on another up day. I like the action again today
Big volume as we just blew through 2.0. Nice!
Looks like that person got taken out of his 165,000 shares at .0185. And then we kept going up, to .0199. He/she could have gotten more if not for putting in UNDER the ask and giving them away.
But to each their own ...
I just got a $1,900 dividend from another investment put into my IRA. So I decided to pick up 100,000 SFRX with the money.
WOW, that did NOT work.
Although my main IRA is at Etrade, I have one for some Limited Partnerships at Millennium trust. Have NOTHING good to say about them. Now, this. If I want 100,000 shares, the commission is a minimum of .01 per share. that's $1,000 commission to try to buy $1,850 in stock. Ridiculous!
I asked for an exemption, or something to allow me to buy this. He checked. Came back with "nope. Commission is firm. $1,000".
Obviously, I passed on the deal. Even though I feel it might turn into a profit, I refuse to pay a penny per share commission on a stock trading less than 2 pennies. This might be the last straw for that company. time to find someone else who would allow a Private Limited Partnership within their investments, and move OUT of Millennium (I started with Schwab, and Schwab a few years ago canceled their ability to hold Limited Partnerships, so they forced me out, and told me they would move it to Millennium or Sterling. Both huge fees, both poor service. I chose Millennium. But there must be better places. Anyone hear of Onaga?)
Yes. Someone is buying up to .02, so offer them yours at .0185. You are right. No sense. If they put those shares out there at .02, they would still be the lowest ask and next up to be taken out. But they drop almost 10% below that, just because they won't want to make TOO much money on their trade. HA!
More good news for you.
"im hoping its not a bust too..."
You have already stated more than once that once the PR on the permit comes out that you will be a SELLER of your shares to some idiot (Your word, not mine) and you would be out. So whether the third site is a bust or a jackpot should be irrelevant to you. You'll be gone.
And to think that a stock that is now at .018 and you want to sell short term at .08 to .10 is an AMAZING upward move. I wouldn't call it a bad stock to give that return. Shoot, if you could make 400% on your money and do it just ONCE a YEAR on a few stocks (that you think are not even good investments) you could take $10,000 and turn it into $41 MILLION dollars in just 6 years! That should tell you how RARE that idea even IS!
And yet I think this stock has that possibility. It is the ONLY stock that I think has that possibility right now to a degree where I would invest heavy in it. Yes, SFRX is my ONLY large play in a stock right now. That's how much I feel this company could do great things. Most of my investments are outside the market, in things I feel more secure in making large returns in. SFRX is my exception. One I jus started buying this year, NOT when we were doing sites #1 and #2. So is there a difference between sites #1 and 2 versus #3? to me a BIG one. Look again at my oil analogy post. Good night my friend.
Ut oh. We have a fact issue here.
"have the first 2 sites produced no treasure on deck??...fact,nothing!
has the share increased greatly?? fact...yes
hasn't the company spent gobs in search of treasure and only have a rusty bucket of bolts to show for it?? fact..yes"
I can't agree with those facts. Or at least two of the three.
Have the first two sites produced no treasure? no. There has been some treasure brought up in 2014 and it has not yet been reported since the reports for this season are not done yet. But they are bringing some stuff up. And no, they don't need to put out a PR every day that something comes up, since that is what the company is supposed to be doing daily anyway. NO, they have not hit the big one yet. And that is why I never owned a single share of this company while they worked sites 1 and 2. they were trying, and IF they hit a big one I'd chase it and get in a little late but still get in. I waited for the news that they struck something, but it never came. So I never bought. Yet now I DO own shares. Why? Because site #3 is not like sites #1 and #2. It is not a search for treasure, but a recovery of known treasure. So although I too think sites 1 and 2 were disappointing, I can't say "nothing" has come from them, and I wasn't invested when they were working those sites, sitting on the sidelines for more of a sure thing. Which I Do think they have NOW.
And your fact #3. that they have only brought up a rusty bucket of nails. Also not true.
You can't be spouting "facts' when you don't know the whole story. they HAVE found some things. Again, NOT the big one, but they have found more than a rusty bucket of nails. So your facts are not accurate. Just saying.
"but lantana was the future...juno was the future...now they are working on a recovery permit that's not coming thus far"
Let me repost what I wrote before. That Juno and Lantana were spots they HOPED to find treasure, but this site is DIFFERENT. MUCH different.
Here's what I put before, and it still shows the difference between those first two sites and this one ...
<<
Let me change industries for this illustration.
Oil drillers drill wells where they think oil is. They do scans, much like we do, they see what they think is a good potential site, and they then get mineral rights (Secure the site as theirs) get permits and drill. Sometimes, even with the information they have, they hit a dry well. It happens more often than you would think. Was that a waste? Nope. It was a shot, and it didn't work. But - if they come across a site where the mineral rights were not available for a long time and oil is SEEPING out of the ground, and they start to work on the permit (rights) for THAT area? That would be a UNIQUE situation. that is not the norm for a drilling company. They would have a MUCH better than average chance of striking oil. MUCH better. It would be a RARE thing though to come across that situation. they would be salivating to get the permit, with the high expectation that since the oil is seeping up from the ground that odds are ... shall we say HIGH, that oil is there. If they were about to announce that permit (rights) was approved, then the excitement would be rampant. People who knew the ground was seeping would be excited. THAT is what we have here. not a normal site (Of which drillers drill HUNDREDS sometimes, and strike some oil on some, hit dry on others and truly hit oil on some.) but an RARE extraordinary site with much better potential. That is Site #3. I've told the board before. I've been following this industry for years, and used to own a company that did (treasure hunting) on land. Yet I did NOT own ANY shares of SFRX while they were excited about site #1 OR site #2. If they found something, I'd be like those waiting for it now. Wait for the positive news, jump in early, and if you buy at 4 cents on the way up to 20 cents, you still did pretty good. Not as good as buying at 2 cents, but the risk was lower too. yes, I understand those statements made in prior posts about buying AFTER the permit is issued. I bought NO shares even after the permits for #1 and #2 were issued because I was waiting for treasure to be found FIRST. It was just a few months ago, when I agreed in MY mind that they ARE sitting on a site that is figuratively seeping treasure that I bought my first shares of THIS company. backwards, as I think the treasure has been shown before the permit is shown, and normally it is the permit first and then the hoped for treasure. SO, with one ingredient, the treasure in this case, assured in MY mind, and the other in my mind truly coming, it is the FIRST time they had BOTH ingredients and I felt comfortable enough to buy. My opinion.
I might be a chaser TOO, adding more shares on the way up, as the risk WILL be lower AFTER the permit is issued. But my point here is that this site is seeping with artifacts already found and thus is determined to have a MUCH higher probability of treasure than a normal site. So I don't compare the permit and digging of site #3 with sites #1 and #2. Or sites #4, #5 and #6, wherever they may be and based on good hope that treasure lay there too. this site is UNIQUE, with MORE than "just" hope that treasure is there. So analyze it like it is. An extraordinary site with seepage already showing that there is something there. And that's why the permit is more important this time around than on other sites. The potential here is a "probability" of treasure, not a "possibility". Big difference.
Make sense? smile
>>
Say all the odd things you want about price and the stock. But, when you misquote the Bible then I need to correct the mistake.
"but if paid,they may do anything...money is a root of evil"
The correct wordage is LOVE of money is a root of all evil. Here's the actual verse from I Timothy.
"For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows."
Just because someone takes a job does not mean that they are doing it for the love of money. Just like investing in a company with the hopes of making a profit does not automatically equate to a love of money. Or a wandering from the true faith.
Just saying.
But it didn't this time.
"then reality sets in and it goes down to .013 range etc.its like clockwork.."
And there are more people supporting it higher than before. More people thinking more positive things. So although you say it goes back to .013, even you bought at .019, because you can see that the old .013 is not happening this time.
I do not think it will go to .013 this round. Not with the support it has developed.
thanks for the response.
" There are a lot of high-ups solidly in Deep Blues corner, now they just need to get their act together. "
Absolutely agree with that one! Meaning the DR government.
Hey Neb, A question for ya.
" Sounds like the DR has some serious issues still to work out. At the very least, they are in breach of contract, and that affects the company AND the shareholders. "
Then why isn't the company DOING something about it? The "other company" only has a small amount of time where they have not gotten their items, compared to DPBE. yet they served the government AND the minister with a lawsuit, and when they were served they started talking to that other company again. NOt to mention that while this is going on, they moved their boats to Florida and got a permit there and are diving there. We have done NOTHING since ... last September? No moving our boats to another area, no diving (Anywhere) and worst of all, it seems like doing NOTHING about 3 YEARS of artifacts not given to us.
WHY NOT?
The other company has gotten FEW divisions while DPBE got nothing. And yet DPBE did nothing about it. then the other company TOO got nothing, maybe in part because the government was doing it to DPBE and there were no repercussions, so they expanded their breach. But the other company is fighting back. Why don't we too file in DRE court for what is rightfully ours??
YOu hae any knowledge on that question?
I just looked at a post I put up in MAY. Asked why we were still waiting when all the hurdles had supposedly been jumped. Already extended the area with the coordinate error. Already mapped the mag hits AND put them in the order they wanted them. Already got the final approval from the meeting, and we were just waiting for final signature. But it had not come (In May.) I asked if something were maybe wrong.
the responses I got said to wait one week. It would be here that week or by the latest the next week. Or to hang until "Monday" instead of selling on Friday. (I didn't sell, by the way. Just saying the permit isn't adding up.) All sorts of good replies. But they all said that the permit WAS about to come, and the final hurdles were well in the past. Even said "Kyle is waiting by the phone for one more call. the one to go pick it up. It is being signed now."
Okay - so here we are - two MONTHS after that post and the replies. And the same people are saying it is about to come, about to be signed, about to be picked up.
I understand bullishness. But you don't see any yellow flags in NO movement and no new hurdles even being put out there in MONTHS?
I was okay when 12 people had to look at this and agree to things, and they all wanted something different and all added something new to the mix. that delayed us, over and over again. But when we hear the LAST person HAS agreed to it, and we are "there" and months go by? Then the idea of "the process taking long" starts to not add up. It's not new hurdles, because all the people have finished their looking at it and approved it. So WHAT IS IT? And Kyle used to give good information if you called. Now? Now his mailbox is always full, and if he calls back it is "I can't say anything, but we are working on it."
I ask the SAME question I asked in May. And in February for that matter. Is Kyle being duped by the state, who are trying to drag him along longer and longer and yet have no intent on truly giving out the permit this time? Are they looking for a way to say "We agreed to give it to him when we signed off with Heartland, but they did not meet our requirement of XXX" And they are adding more and more hurdles in order to FIND that XXX that they can use? SO far Kyle has met all their demands, so they keep trying new ones, waiting foe the one that will stump him?
Something is not right, and I do NOT think it is with Kyle. But I Do think something is hanging this up, or we would HAVE it by now. Probably by May. And definitely in June! And I think the positive attitudes here are admirable, but if you say "Just hang in there. It is coming. the state is slow. it is coming Very soon." and yet I can find those SAME words form you from five MONTHS ago, then you are just guessing, as we all are, and although you are optimistic you have no clue either, and it is just your hopes saying it, not anything that matters. Since you have said it for months and said it would be in a week or two, for half a YEAR (Or more).
I just think something is wrong and no one here would know that. Only the state knows why they have no issued it yet, and if their game plan is to delay it until they find a way to not give it.
Still holding. Still up a little on my average. And NOT a seller of ANY shares if the PR comes out. But not as blindly bullish as some here. Okay, gotta go. have to work on some rentals today. Let the crucifying begin.
YOu said it yourself.
"It will be REALLY interesting to see the chain of events with this 3rd PR. If they do in fact release one, they are stupid, broke, corrupt - or a combination of the 3. If they DO NOT release anything whatsoever at all, I will be REALLY IMPRESSED and consider buying more stock. Isn't that a weird statement? "
Yep.
Again, off.
"releasing a PR regarding a lousy permit is a CLEAR indication that there is in fact NO TREASURE!"
Nope. It's following the law. IN most cases, the permit is announced WELL before a site can be "checked" as you call it. Shoot, it could take a year or more to check it. But this one is also different in a few ways. See the analogy post pinned at the top. then do as you like, as we all should. And if you buy later, that is fine too. Your strategy is your own and no one should tell you otherwise. However, your logic has the legality issue, so that's the only part I wish to bring up. by law, they have to announce this permit when they get it. that's all.
One problem with that thought.
"
If YOU had a permit, wouldn't YOU check the site first??? If YOU found treasure, would you NEED a PR about a Permit??? I'd check the site, and if I found nothing, I wouldnt say a damn thing!!! "
No, because when they GET the permit, that will be a material fact, and they MUST release it according to reg FD. So although your thinking may be logical (And may not for some of us either) it doesn't matter. they MUST announce within a few days of getting the permit. FYI.
Actually, they are one of the few companies that DOES have top line revenue. their approach is to clean the artifacts and then sell them. they had many artifacts and coins in the Seligman auction last year, and then had a special auction of a lot of their pewter that bought in GOOD money. So when a new financials come out it should show that revenue.
they own their equipment with no liens and have I think four or five boats now. Plus they own a company that sells Aquapulse in the USA, and have revenue off that subsidiary.
I think them diving in FL is okay, but their work in the DR is probably more of a money maker. I don't know why all of a sudden the DR government is not dividing, like they have done many times with GME in the past, but that should get settled and then they will continue there too. There's one specific shipwreck down there that is already magged that I think will be as special as the one SFRX. Instead of part of the 1715 fleet, I and some others believe it has potential to be from the 1502 fleet. Plus they have lots more pewter to bring up, and other wrecks they have been bringing things up from that should continue for a few more years down there.
Although I agree that $1 per share for the pre IPO does not leave much room for a significant gain on the IPO from that level. Unless they pull that 1502 from the water.
And it's another fishing pole in the water for me. As trueblue says, the more lines in the water the better the chances of success on one of them. (Although I pulled COMPLETELY out of two lines he still has in the water. I don't believe Wilf's company or Scott's company are worth owning in my portfolio.)
Just some more info, to hopefully answer your questions.
YOu know ... hmmm ...
there are 163K shares on the ask. And a 5,000 share trade earlier on the bid. Makes one wonder. is that the 168K that was talked about as the total long holdings?
I sure wouldn't want to sell out all MY shares at this level on the hopes of buying in again later at a lower price. Even WITH my frustration over the lack of a permit, I begrudgingly wait and know I need to be LONG, so I don't miss the gap open when it comes. too much upside potential to miss, with minor downside risk, IMHO.
They only have like 83 million shares outstanding though. And authorized only 100 million. Won't be 2 billion.
And I know they have some good wrecks in the DR that they are working on too. But right now the DR is not sharing anything found, in spite of contracts, so they pulled away from the DR until the government lives up to its obligations. Another public company, much scummier than GME in my opinion, also is diving in the DR. (Or done there. I don't think they have been in the water for nine months now and running) They too have not gotten their artifacts, but instead of for a year they have not gotten anything for three years. And they are not even pushing the issue with the government, which is why they haven't gotten anything in so long even though other divers HAVE had splits. They have been just patiently waiting. Not diving, not pushing, not moving forward. I personally think that company shall disappear from the market and be one LESS stock competing with us. Ands the emerald scam company should disappear for good soon too if nothing changes there. So we gain one, and we probably lose two competitors in this field on the market. All conjecture, as you never know what the future brings, but a good possibility that is how it plays out.
really? Any idea which kinds? Do you know of them??
That doesn't make sense either. ".08/.1 range for me " Didn't you YESTERDAY say you already PLACED your order (PAST tense) to sell all at .08? that won't give you much of a range to .10, unless there is a gap that goes over your .08 before open.
I can address that with a GREAT analogy.
"sites 1,2 so far turned up a rusty bucket of bolts "
Let me change industries for this illustration.
Oil drillers drill wells where they think oil is. They do scans, much like we do, they see what they think is a good potential site, and they then get mineral rights (Secure the site as theirs) get permits and drill. Sometimes, even with the information they have, they hit a dry well. It happens more often than you would think. Was that a waste? Nope. It was a shot, and it didn't work. But - if they come across a site where the mineral rights were not available for a long time and oil is SEEPING out of the ground, and they start to work on the permit (rights) for THAT area? That would be a UNIQUE situation. that is not the norm for a drilling company. They would have a MUCH better than average chance of striking oil. MUCH better. It would be a RARE thing though to come across that situation. they would be salivating to get the permit, with the high expectation that since the oil is seeping up from the ground that odds are ... shall we say HIGH, that oil is there. If they were about to announce that permit (rights) was approved, then the excitement would be rampant. People who knew the ground was seeping would be excited. THAT is what we have here. not a normal site (Of which drillers drill HUNDREDS sometimes, and strike some oil on some, hit dry on others and truly hit oil on some.) but an RARE extraordinary site with much better potential. That is Site #3. I've told the board before. I've been following this industry for years, and used to own a company that did (treasure hunting) on land. Yet I did NOT own ANY shares of SFRX while they were excited about site #1 OR site #2. If they found something, I'd be like those waiting for it now. Wait for the positive news, jump in early, and if you buy at 4 cents on the way up to 20 cents, you still did pretty good. Not as good as buying at 2 cents, but the risk was lower too. yes, I understand those statements made in prior posts about buying AFTER the permit is issued. I bought NO shares even after the permits for #1 and #2 were issued because I was waiting for treasure to be found FIRST. It was just a few months ago, when I agreed in MY mind that they ARE sitting on a site that is figuratively seeping treasure that I bought my first shares of THIS company. backwards, as I think the treasure has been shown before the permit is shown, and normally it is the permit first and then the hoped for treasure. SO, with one ingredient, the treasure in this case, assured in MY mind, and the other in my mind truly coming, it is the FIRST time they had BOTH ingredients and I felt comfortable enough to buy. My opinion.
I might be a chaser TOO, adding more shares on the way up, as the risk WILL be lower AFTER the permit is issued. But my point here is that this site is seeping with artifacts already found and thus is determined to have a MUCH higher probability of treasure than a normal site. So I don't compare the permit and digging of site #3 with sites #1 and #2. Or sites #4, #5 and #6, wherever they may be and based on good hope that treasure lay there too. this site is UNIQUE, with MORE than "just" hope that treasure is there. So analyze it like it is. An extraordinary site with seepage already showing that there is something there. And that's why the permit is more important this time around than on other sites. The potential here is a "probability" of treasure, not a "possibility". Big difference.
Make sense? smile
It's easy. read their posts.
"How can one know what others have imagined with regard to SFRX?"
I see posts like ".10 by the end of the month. .30 by September" and things like ".25 is possible. Maybe we hit .50 briefly on the surge". Wouldn't THAT tell you what people's expectations are of the stock? I would say to take those posts (there are lots of them, not just two) and say you think it will be better than those imaginations is not a hard thing to do.
So he thinks it will go higher than the posts others have put here as to what they think it will do on the news. He's more bullish than they are. Good for him.
I would say that the word "perhaps" means it is a hope, even moreso than an opinion.
You confused that with a potential "fact" that would come with a guarantee?
<perhaps this is the wk we get our permit and have our very own fireworks.
>
< so...what GUARANTEE is there that its coming?? or is it an opinion >
This is why I like site #3 more than other sites, and think this time it IS different. Normal scenario: we get permits, we dig, and we hope to find treasure. We don't get permits willy-nilly. We get them where we have hope of something being there. Getting the permits the first two times was not "a moral victory". It was a "shot". A shot at finding treasure. It did not work, so we moved on in the case of one, and the other we are still digging, although it's not as lucrative as we hoped. But it's not like a company gets a permit and that guarantees treasure. Well ... except maybe in this case. ONLY because it has been SEEN already. Yes, this one IS different. this one has stuff already brought up that tells us more than any other site has ever told us. So I believe this one IS a treasure site. But you know what? It may not be! Even with the beliefs held by so many, it could turn out to be a bust or a minor find. The idea is to get permits in the best potential areas, over and over again, until you hit the jackpot.
Let me change industries for an illustration that I think makes a great analogy.
Oil drillers drill wells where they think oil is. They do scans, much like we do, they see what they think is a good potential site, and they then get mineral rights (Secure the site as theirs) get permits and drill. Sometimes, even with the information they have, they hit a dry well. It happens more often than you would think. Was that a waste? Nope. It was a shot, and it didn't work. But - if they come across a site where the mineral rights were not available for a long time and oil is SEEPING out of the ground, and they start to work on the permit (rights) for THAT area? That would be a UNIQUE situation. that is not the norm for a drilling company. They would have a MUCH better than average chance of striking oil. MUCH better. It would be a RARE thing though to come across that situation. they would be salivating to get the permit, with the high expectation that since the oil is seeping up from the ground that odds are ... shall we say HIGH, that oil is there. If they were about to announce that permit (rights) was approved, then the excitement would be rampant. People who knew the ground was seeping would be excited. THAT is what we have here. not a normal site (Of which drillers drill HUNDREDS sometimes, and strike some oil on some, hit dry on others and truly hit oil on some.) but an RARE extraordinary site with much better potential. That is Site #3. I've told the board before. I've been following this industry for years, and used to own a company that did (treasure hunting) on land. Yet I did NOT own ANY shares of SFRX while they were excited about site #1 OR site #2. If they found something, I'd be like those waiting for it now. Wait for the positive news, jump in early, and if you buy at 4 cents on the way up to 20 cents, you still did pretty good. Not as good as buying at 2 cents, but the risk was lower too. yes, I understand those statements made in prior posts about buying AFTER the permit is issued. I bought NO shares even after the permits for #1 and #2 were issued because I was waiting for treasure to be found FIRST. It was just a few months ago, when I agreed in MY mind that they ARE sitting on a site that is figuratively seeping treasure that I bought my first shares of THIS company. backwards, as I think the treasure has been shown before the permit is shown, and normally it is the permit first and then the hoped for treasure. SO, with one ingredient, the treasure in this case, assured in MY mind, and the other in my mind truly coming, it is the FIRST time they had BOTH ingredients and I felt comfortable enough to buy. My opinion.
I might be a chaser TOO, adding more shares on the way up, as the risk WILL be lower AFTER the permit is issued. But my point here is that this site is seeping with artifacts already found and thus is determined to have a MUCH higher probability of treasure than a normal site. So I don't compare the permit and digging of site #3 with sites #1 and #2. Or sites #4, #5 and #6, wherever they may be and based on good hope that treasure lay there too. this site is UNIQUE, with MORE than "just" hope that treasure is there. So analyze it like it is. An extraordinary site with seepage already showing that there is something there. And that's why the permit is more important this time around than on other sites. The potential here is a "probability" of treasure, not a "possibility". Big difference.
Make sense?
A PR just came out on a permit. Not our permit, but still, it's good to see that the state IS moving forward. And good to know others are starting to explore the area too. The more work going on the better the chances of interest in the work. And ours is the best find, so that TV show looks better all the time.
here's TODAY'S release from GME.
"Florida Dept. of Environmental Protection Awards GME a 5 Year
Environmental Resource Permit
This Environmental Resource Permit is the next major milestone in our ongoing exploration plan for the waters off Cape Canaveral, FL.
...
within our 2014.01 lease area inside state waters."
So it is off Cape Canaveral. Just a few stone's throw away from our sites, globally speaking.
FYI. ANd more hope for OUR permit to come SOOOOONN.
We took the million share sale out, and then, as hoped for, and with not much else on the selling side, we had an opportunity to get to .022. And close GREEN. ANd we TOOK that.
Good job.
And the BID is at .022 and can't even find shares at that level. That's a good thing. the MMs are stair stepping it and putting shares in front of it, but not too many, and now the ask is .023.
Looks like our 1 million share seller took his ask off and whacked the bid before closing. Got another 30,000 of his shares sold. Only has 18,500 left. Knocked us a little further, but still not bad for a million share sell to only do that little damage. Good sign for us. Oh - let's see if he lets the last 18,500 expire or sells those too by hitting the bid once more. that would do it for his shares.
Would be nice to see it chew through that large block at .0216 and do a few shares at .022 before close. Would allow it to close green again, not breaking that streak. Very nice though that the person dropped a million shares to sell and it did NOT break down. Went form .022 to only .0216, where he apparently had his limit set. took 850,000 of them right away, and now is eating up the other 150,000 too. that's a big positive, as in the past a million share order to sell would fill only 100,000 and the rest would sit and make the bids dry up and the price go down. that's good strength for today, showing that the million share order did not dump it.
Only 25 minutes left for trading today, with a short day? Gotta get past those last 50,000 shares to get to green. I'm tapped (Although I'd buy more at .0135 if we go back down there. )but hopefully someone will take that person out.
Not true. "docked...cant go to the treasure coast without a permit, it would be mindless " Not docked. It has been WORKING the Juno site and not docked.
And yes, it is in Juno still, not moved to Melbourne. FYI.
So you are saying Darrell nether is posting on this board? "So when POS nether gets over his childish relentless attacks on DBM its affiliates and employees so then will I. Until then he is fair game and very much on-topic. " I have never seen a post from him. Ever. I've seen posts against him, I've seen posts supporting him, and I've seen posts generally about him. (Instead of about the company) But nothing from anyone named Darrell Nether.
Are you saying a poster on this board is Darrell Nether? Are we naming "who is who" now, and using their real names instead of their IHUB IDs? I thought that was an invasion of privacy and against the TOS here. How can you say Darrell Nether has put up attacks when I see no Darrell Nether anywhere on the board??
(For disclosure. I do not know Darrell Nether. I do not LIKE Darrell Nether. My point is to get back to the COMPANY, and stop with SOOO many posts about "Darrell Nether is a scumbag because ...". No, it doesn't make people think higher of the company. It is childish and all I did was ASK that we try to focus some on the company.)