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I think it is done. Only some good material news from Canwealth will move it north. Who know how long will that take.
they are not REAR earth, they are RARE earth elements.
Interesting ....
They had to give some to the USG1 holders during the merger.
Rcranga, are you bipolar ? why are you arguing with yourself ?
LOL, I am far from being miserable. no worries.
Did he mention the reason for changing a ticker ?
did you talk to Garth himself ? is going to do another RS ?
I wonder how many poor souls here went to the calculator and started dividing 11 billion $ in claims by the number of outstanding shares... Do your DD people.
No doubt ! As soon as Canwealth does the IPO and gets cash (no one knows when and if ) ICBT will get the appropriate valuation. Then if Canwealth starts its operations and grows in value ICBT will follow. Only saying that the returns can be big, but the value is not there yet, and there are risks.
If the value was there already we'd see much higher prices and volumes.
Not true ! Canwealth merged with an existing U.S. public company - USG1, not ICBT !!!
ICBT just owns 60% of Canwealth.
http://www.canwealthminerals.com/?q=node/62
that's an official count - 1.92 billion
whatever stock prices you mentioned are the price for canwealth stock. to get from there to to ICBT stock take into account the 60% ownership divided by 2 bil shares
This stock may go up a few hundred percent, but any pump before actual IPO will be dumped. Be careful.
Offering is not $1. It is Max $1. The selling price will be determined in negotiations with potential investors. Could be $1 could be 10 cents
Lol. Why not $1 break?
:) 4pm to 5pm ? It's like making parking at the football staduims free on the days when there is no games.
a penny would bring the market cap to 20 million dollars. that would happen only when CanWealth's MC hits around 30 mil. We are far away from that.
What are the chances that the chill will get lifted ? Any way to find out that it is going to happen ?
I was all for lower prices for the last few days, but now that I am totally loaded I want this baby to run :) !
ICBT owns 60% of canwealth. If canwealth gets rolling then ICBT may get a good valuation, unless Garth does another reverse split and issues another trillion shares
Second day in a row the rally is getting killed.
did you talk to TDA representative? I have not invested in Pinks since 2008 , and back then I was able to buy any pink. this is the first time I hear about such a restiction
Not sure, but yesterday I entered the order literally seconds before the close of the market and the order got accepted ( but did not get executed ) . This morning no such luck.
I think yesterday TDA was accepting these orders
has anyone tried to enter an order thru TDAmeritrade ? I am getting an "INVALID ORDER. Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle a trade."
any idea ?
To get some excitement he has to sell those 15 mil shares of canwealth to venture capital holders and hopefully for a good price.
again - $1 is not the offering price, but the maximum offering price approved by SEC in S1. If they can find people willing to pay $1 - great, if not - they will negotiate a lower price.
$1 is not the price, it is maximum price stated in S1. See the difference ?
Canwealth will get a new symbol, this one will remain the same
It bought that company ( CanWealth ) some time ago , now it merged it with another company that was public ( not trading though ). That other company and other investors got shares of Canwealth in return.
So now Canwealth is trying to sell 15 mil of its new shares. Overall it has 65 mil shares. 60% of them are in ICBS ownership. IF Canwealth is able to sell new shares and go on exchange ( SEC approved it ) then canwealth will get some valuation and so will ICBS.
How big that valuation will be is hard to predict. Canwealth has land and plans to explore it for gold and metals. How much money will private investors want to get into this lottery ticket is unknown.
The maximum share price approved is $1, but realistically speaking I don't see someone giving 15 mil $ to Canwealth for less than a quarter of its shares, because that would give it a 65 mil valuation, some established mining companies have less than that.
My guess is - they will sell it for 10-20 cents at best. I can be wrong on any side of this. My guess is based purely on the situation in mining industry - margins are tiny since gold lost 35% from its highs.
it means ICBS owns 60% of the company that is soon going to trade on a OTCBB. The valuation of that company is still unknown, it is yet to sell a single share to raise its capital. So far it is $100,000 in debt. Will it sell its new shares and for how much is a big question.
That's not entirely accurate. they will try to sell 15 mil in IPO, but they already have 50 millions in private hands.
Good post ! As for Megamillions - you have no chance. I have 10 !!! tickets for tonight. Don't mess with the pros !
just checked you calculations - you are correct
If I had penny for every time I heard this I'd have a quarter
Moved another $10k to my account. I hope we don't move much till my money are cleared.
That's exactly what makes me feel good about it too.
I think the reason it is still trading this low is the lack of the institutional ownership and interest and the reason for that is also simple - OTCBB
The highest building in my neck of the woods is not high enough to kill anybody, will have to drive to NYC :)
loved it !
I hear you. My fingers are itching to buy more. Holding 18k shares ( avg 1.68 ). Have another $20k that I am contemplating to through into this one. My thinking is - even if it manages to flop all its drugs (G-d forbid) we should still see a 100% pop before all the trials fail. At that time I can sell some and let the rest ride.
But still kinda scared to go all in.
did you write it ?