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Perhaps parabolicplease stated it best June 3rd at post#14852 when this was posted:
"if the stock dropped below .025 range id start to be worried.."
Lots of talk about news coming any day. How could anyone other than an insider know anything like this.
Right on, I think your reading that correctly.
Sub-Penny? - Yea, seems every time there is a "bargain" in the shares a bigger bargain shows up soon enough.
Looking like it is getting ready to break a penny.
.011 ask
Hey, feels like those with optimism on the Titanic. Lol
Goooo SUGO - LOL
No biggoe.
I just love those 1k tape painting prints Lol.
Doing well man, I have no idea on the SUGO news as I have no inside contact, it would have to be a guess and I am not going there.
$3.40? never traded there.
Lol only way SUGO sees .50 IMO is with a reverse split. LOL
And there is the tape paint print of 1000 shares, as predictable as the sun rising in the East.
No news-down 25% TODAY SO FAR. Until there is a 1000 share tape paint print.
What news will turn SUGO into an "instant 5-10 bagger"?
That was tape painting of 1k shares, always happens after a larger bid print.
And the ask comes right back to .016 Lol.
Check page #1
The number of shares of common stock outstanding as of July 14, 2011 was 104,499,857
This appears to be the accurate number according to the 10Q.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7717742
The 10Q is out. Perhaps this explains the ongoing softness in the PPS.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7717742
1.
Nature of Operations and Going Concern
Sungro Minerals Inc. (the “Company”) was incorporated in the State of Nevada on August 10, 2007. The Company is engaged in the exploration, development, and acquisition of mineral properties.
The accompanying financial statements have been prepared on the basis of accounting principles applicable to a going concern; accordingly, they do not give effect to adjustment that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and retire its liabilities in other than the normal course of business and at amounts different from those in the accompanying financial statements. As shown in the accompanying financial statements, the Company incurred a net loss of $772,558 for the six months ended May 31, 2011, and has an accumulated deficit of $9,059,804. Management plans to raise cash from public or private debt or equity financing, on an as needed basis and in the longer term, to generate revenues from the acquisition, exploration and development of mineral interests, if found. The Company's ability to continue as a going concern is dependent upon achieving profitable operations and/or upon obtaining additional financing. The outcome of these matters cannot be predicted at this time.
Dividend paid, on the 16th of July the dividend was paid to shareholders.
SUGO prob trade down if history is any guide.
Many have seen "opportunity" from .07 all the way down. Lol
one or the other.
Ask size keeps growing.
Looks like continued drippage to me, but whatever.
.014 ask
Not at all, yes the drip continues.
Unless your an insider you have no clue that news is or is not on the way.
Doh!! .0145 ask. Hmmmm
Talk about game playing, check out the 1k print on the ask each and every time a block sale goes off on the bid.
Call in the painters!! Lol
Your right, if one prepares their portfolio well they can avoid a lot of pain.
All the miners are making great moves on this, yet SUGO the ask and bid's are being lowered with little to no volume.
.03 looks to have been ridiculously high based upon the current ask of .018, or a 40% haircut.
I beg to differ on your claim that "SUGO owns the minerals rights in perpetuity"
There is an ongoing fee due each year that must be paid. Cannot dismiss that but most pom pom waivers here will as they do with most details, hence the PPS keeps declining much to their dismay.
No idea, the Nasdaq declined the request for trading so I think it goes to the pinks from here but it is still under appeal I think.
Have to watch it close here.
Looks like good news out today from the account front:
NINGBO, China, July 11, 2011 /PRNewswire-Asia-FirstCall/ -- Keyuan Petrochemicals, Inc. (Nasdaq:KEYP - News) ("Keyuan or the "Company"), a leading merchant manufacturer of various petrochemical products in China, announced today that the audit committee has received initial findings of its independent investigation of the Company's 2010 sales and revenue. Deloitte Financial Advisory Services ("Deloitte"), King & Wood, Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury") and a petrochemicals industry expert, separately verified the accuracy of information related to the Company's 2010 sales.
On March 31, 2011, the Company's audit committee hired Pillsbury, Deloitte, and King and Wood to conduct an independent investigation of issues identified by the Company's former independent public accountant, KPMG. A team of lawyers and forensic accountants reviewed scores of documents at Keyuan's offices, visited select customer locations throughout China, and interviewed representatives of the customers, and senior officers and personnel of the Company. The independent investigators also consulted an industry expert, who has years of experience in the petrochemicals industry, to analyze Keyuan's production plants and operations.
Based on results from the independent investigation, the independent investigators made the following conclusions:
"…nothing has come to our attention to indicate that the Company has inappropriately accounted for the specific customer transactions we were able to test, other than the documentation issues notes above";(1)
"the Company-arranged interviews with selected customers supported that the customers transacted business with the Company in 2010";
"in the documents that we have reviewed, we have found no documents reflecting any intent by the Company to misstate revenues;"
"plant visit and document review by an expert in the petrochemical industry supports the finding that the plant is operating and producing petrochemicals at a quantity consistent with the revenues stated by the Company"; and
"interviews with management and selected Company personnel were consistent with the above findings."
"We are pleased with the results of the independent investigation," stated Mr. Chungfeng Tao, Chairman and Chief Executive Officer of Keyuan Petrochemicals. "The findings support our assertion throughout this process that we are an excellent company on solid financial footing with a clear and focused growth strategy. Having cooperated fully with examiners and regulators during this extensive review process, we will continue to focus on completing our 2010 and 1H 2011 audits."
(1) Please refer to Form 8-K we filed on July 11, 2011 for further information
Ask lowered once again, there is a pattern here.
Then if SUGO sees triple zero's, not so genius.
Personal attack, accusing me of being a professional poster. (paid poster implied) totally false.